Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
19.6
Year-on-year change in revenue (%)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentation materialsFiscal year ending September 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,899 million+19.6%
Operating profit¥352 million+26.5%
Ordinary income¥342 million+22.6%
Net income¥287 million
Operating profit margin6 %
Results for the three months of the current quarter
Operating profitOperating loss in FY2026 4Q
Full-year earnings forecast
Net Sales
¥5,950 million
Operating profit
¥380 million
Ordinary income
¥360 million
Profit attributable to owners of the parent
¥270 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Net sales and operating profit fell slightly short of the plan, while net income attributable to owners of the parent exceeded the forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Commerce AI business
Sales850
Personnel Expenses-306
Depreciation and goodwill amortization-48
Fees paid-127
Server management costs-178
Advertising expenses-23
Other expenses-40
シルバーエッグ M&A costs-59
Marketing AI business
Sales114
Personnel Expenses-61
Goodwill amortization-38
Server management costs-11
Tool costs-26
Advertising expenses-21
Fees paid-53
Other expenses-32
New initiatives
- Restructuring of the group structure
- Supporting customers' insourcing through the BOT model
- Investment in the planning and development of AI agents
- Adding MMM analysis functionality to Ad EBiS
- Assuming the role of operating secretariat for JIMA, an organization promoting in-house marketing
- Absorption-type merger of a subsidiary and office consolidation
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥662 millionYear on year against the same period last year+13.7%
- EBITDA margin11.2 %Year on year against the same period last year-0.6%
- ROE15.6 %
- Ad EBiS revenue mix37.3 %Year on year against the same period last year-6.9%
- Equity ratio42.4 %Year on year against the same period last year-9.3%
Segment results
- Commerce AI businessNet Sales¥2,867 million (YoY +42.1%)Segment Profit or Loss¥134 million
- Marketing AI businessNet Sales¥3,037 million (YoY +3.9%)Segment profit¥218 million (YoY -19.8%)
Medium-term management plan targets
Net Sales
¥100 100 million
Target fiscal yearFY2027
ROE
Over 10%
Target fiscal yearFY2027
Comparison with actual results
Net Sales
¥58.99 100 million
Fiscal yearFY2026
ROE
15.6 %
Fiscal yearFY2026
Financial targets
ROE
TargetOver 10%
Actual results15.6％
Number of employees
Number of Employees364 people
As of30 September 2026
Annual Dividend
Annual dividend per share¥8
BreakdownYear-end dividend: ¥8.0
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Fiscal year ending September 2026, full year |
| Net Sales | ¥5,899 million (YoY +19.6%) |
| Operating profit | ¥352 million (YoY +26.5%) |
| Ordinary income | ¥342 million (YoY +22.6%) |
| Net income | ¥287 million |
| Operating profit margin | 6 % |
| Results for the three months of the current quarter | Operating profit Operating loss in FY2026 4Q |
| Full-year earnings forecast | Net Sales ¥5,950 million / Operating profit ¥380 million / Ordinary income ¥360 million / Profit attributable to owners of the parent ¥270 million |
| Self-assessment against the plan | Net sales and operating profit fell slightly short of the plan, while net income attributable to owners of the parent exceeded the forecast |
| Segment results | Segment Commerce AI business / Net Sales ¥2,867 million (YoY +42.1%) / Segment Profit or Loss ¥134 million, Segment Marketing AI business / Net Sales ¥3,037 million (YoY +3.9%) / Segment profit ¥218 million (YoY -19.8%) |
| Breakdown of Factors Affecting the Change | Commerce AI business Sales 850 / Personnel Expenses -306 / Depreciation and goodwill amortization -48 / Fees paid -127 / Server management costs -178 / Advertising expenses -23 / Other expenses -40 / シルバーエッグ M&A costs -59 / Marketing AI business Sales 114 / Personnel Expenses -61 / Goodwill amortization -38 / Server management costs -11 / Tool costs -26 / Advertising expenses -21 / Fees paid -53 / Other expenses -32 |
| Key KPIs | Indicator name EBITDA / Value ¥662 million / Year on year against the same period last year ¥13.7 million, Indicator name EBITDA margin / Value 11.2 % / Year on year against the same period last year -0.6 %, Indicator name ROE / Value 15.6 % / Year on year against the same period last year Not disclosed, Indicator name Ad EBiS revenue mix / Value 37.3 % / Year on year against the same period last year -6.9 %, Indicator name Equity ratio / Value 42.4 % / Year on year against the same period last year -9.3 % |
| Number of employees | Number of Employees 364 people / As of 30 September 2026 |
| Medium-term management plan targets | Net Sales ¥100 100 million / ROE Over 10% / Comparison with actual results Net Sales ¥58.99 100 million / ROE 15.6 % |
| Financial targets | ROE Target Over 10% / Actual results 15.6％ |
| Annual Dividend | Annual dividend per share ¥8 / Breakdown Year-end dividend: ¥8.0 |
| New initiatives | Restructuring of the group structure, Supporting customers' insourcing through the BOT model, Investment in the planning and development of AI agents, Adding MMM analysis functionality to Ad EBiS, Assuming the role of operating secretariat for JIMA, an organization promoting in-house marketing, Absorption-type merger of a subsidiary and office consolidation |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The consolidation benefits from シルバーエッグ・テクノロジー and アタラ were supplemented by growth in existing businesses, while higher productivity and cost reductions in existing businesses absorbed the costs associated with the first year following the M&A. The shortfall against the forecasts was attributed to delays in the progress of the commerce construction project in the fourth quarter and additional amortization expenses recorded following the finalization of the PPA for the acquisition of シルバーエッグ・テクノロジー.
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