Komori
Financial results presentation3691DIGITAL PLUS,Inc.Information and Communications, Services and Others

Second-Quarter Financial Results Briefing Materials for the Fiscal Year Ending September 2026

Gross merchandise value (GMV) and revenue increased substantially in the second quarter, and first-half operating profit excluding one-time factors such as impairment losses exceeded the forecast. However, reported operating profit was negative due to promotional, personnel and systems investments made to prioritize GMV growth, as well as impairment losses.

Worth reading
66In 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
23
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending September 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥730 million+156.0%
Operating profit¥-77 million
Net income¥-45 million
Selling, general and administrative expenses¥585 million
Gross Profit Margin
Rate84%
Year on year against the same period last year+5pt
Results for the three months of the current quarter
Revenue
¥397 million
YoY_pct (same quarter)174
Gross profit
¥326 million
YoY_pct (same quarter)182
Gross Profit Margin82% (78% in the same quarter of the previous year)
Selling, general and administrative expenses
¥324 million
Operating profit
¥-101 million
Quarterly profit
¥-95 million
Profit for the period attributable to owners of the parent
¥-56 million
Full-year earnings forecast
Gross merchandise value
¥250 100 million
Sales
¥17 100 million
Operating profit
¥2 100 million
Projected GMV for the fiscal year ending September 2026
300 over ¥100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half GMV, revenue and operating profit all exceeded the forecast
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Impairment loss from withdrawal from the ピース business¥-80 million
  • Earn-out related to the sale of the digital marketing business¥-20 million
  • Sales promotion expenses in the points and rewards business¥-10 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • GMV gross margin for the fiscal year ending September 20263.0～3.5%
  • Investment in AI, personnel and productsApproximately ¥150 million
  • 2028 GMV target¥100 billion
New initiatives
  • Expansion into new areas, including benefit payments, reward payments, refunds and cashback
  • Complete withdrawal from the ピース business
  • Transition to a single fintech segment
  • ¥150 million investment in AI, personnel and products
  • Upfront investment in a digital wallet for the funds transfer business
  • Introduction of shared shareholder benefits
Key KPIsA metric the company considers important as a management benchmark.
  • GMV (current quarter)¥6,315 million
    Year-on-year (%)211
  • GMV (annualized)¥250 100 million
  • Number of consecutive quarters of GMV growth24 Quarter
  • Number of companies that have decided to introduce shareholder benefits120 companies
  • Cumulative downloads in the points and rewards business2,400 10,000 downloads
  • Number of members in the points and rewards business1,400 10,000 people
Segment results
Fintech
Gross merchandise value
¥6,315 million
QoQ_pct130
YoY_pct (same quarter)211
Sales
¥397 million
QoQ_pct120
YoY_pct (same quarter)205
Gross margin
¥332 million
QoQ_pct114
YoY_pct (same quarter)206
Selling, general and administrative expenses
¥206 million
QoQ_pct130
YoY_pct (same quarter)234
Segment profit
¥45 million
QoQ_pct34
YoY_pct (same quarter)63
Medium-term management plan targets
  • Gross merchandise value
    Target fiscal yearFiscal year ending September 2028
    Target value¥100 billion
  • Operating margin
    Target fiscal yearFiscal year ending September 2028
    Target value50%
  • Number of companies offering shareholder benefits
    Target fiscal year2028
    Target value500 companies; No. 1 in Japan
Market Size / Share
  • TAM for B2C cash payments of ¥30,000 or less¥45 trillion
  • SAM in advertising¥4 trillion
  • SAM in human resources¥1 trillion
  • SAM in financial services¥3 trillion
Number of employees
Number of EmployeesTargeting a workforce of 100 full-time employees
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending September 2026
Net Sales¥730 million (YoY +156.0%)
Operating profit¥-77 million
Net income¥-45 million
Gross Profit MarginRate 84% / Year on year against the same period last year +5pt
Selling, general and administrative expenses¥585 million
Results for the three months of the current quarterRevenue ¥397 million / Gross profit ¥326 million / Gross Profit Margin 82% (78% in the same quarter of the previous year) / Selling, general and administrative expenses ¥324 million / Operating profit ¥-101 million / Quarterly profit ¥-95 million / Profit for the period attributable to owners of the parent ¥-56 million
Full-year earnings forecastGross merchandise value ¥250 100 million / Sales ¥17 100 million / Operating profit ¥2 100 million / Projected GMV for the fiscal year ending September 2026 300 over ¥100 million
Self-assessment against the planFirst-half GMV, revenue and operating profit all exceeded the forecast
Segment resultsFintech Gross merchandise value ¥6,315 million / Sales ¥397 million / Gross margin ¥332 million / Selling, general and administrative expenses ¥206 million / Segment profit ¥45 million
Breakdown of Factors Affecting the ChangeFactors Impairment loss from withdrawal from the ピース business / Amount ¥-80 million, Factors Earn-out related to the sale of the digital marketing business / Amount ¥-20 million, Factors Sales promotion expenses in the points and rewards business / Amount ¥-10 million
Key KPIsIndicator name GMV (current quarter) / Value ¥6,315 million / Year-on-year (%) ¥211 million, Indicator name GMV (annualized) / Value ¥250 100 million / Year on year against the same period last year Not disclosed, Indicator name Number of consecutive quarters of GMV growth / Value 24 Quarter / Year on year against the same period last year Not disclosed, Indicator name Number of companies that have decided to introduce shareholder benefits / Value 120 companies / Year on year against the same period last year Not disclosed, Indicator name Cumulative downloads in the points and rewards business / Value 2,400 10,000 downloads / Year on year against the same period last year Not disclosed, Indicator name Number of members in the points and rewards business / Value 1,400 10,000 people / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees Targeting a workforce of 100 full-time employees / Change during the period Not disclosed
Assumptions Underlying the Business OutlookItem GMV gross margin for the fiscal year ending September 2026 / Value 3.0～3.5%, Item Investment in AI, personnel and products / Value Approximately ¥150 million, Item 2028 GMV target / Value ¥100 billion
Medium-term management plan targetsTarget fiscal year Fiscal year ending September 2028 / Item Gross merchandise value / Target value ¥100 billion, Target fiscal year Fiscal year ending September 2028 / Item Operating margin / Target value 50%, Target fiscal year 2028 / Item Number of companies offering shareholder benefits / Target value 500 companies; No. 1 in Japan
Market Size / ShareItem TAM for B2C cash payments of ¥30,000 or less / Value ¥45 trillion, Item SAM in advertising / Value ¥4 trillion, Item SAM in human resources / Value ¥1 trillion, Item SAM in financial services / Value ¥3 trillion
New initiativesExpansion into new areas, including benefit payments, reward payments, refunds and cashback, Complete withdrawal from the ピース business, Transition to a single fintech segment, ¥150 million investment in AI, personnel and products, Upfront investment in a digital wallet for the funds transfer business, Introduction of shared shareholder benefits
Items this document does not state (13)
Ordinary incomeOperating profit marginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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 increase in revenue and gross profit was driven by GMV growth, the acquisition of projects in new areas such as benefit payments, and increased investment in personnel and systems. The deterioration in operating profit resulted from impairment losses associated with the withdrawal from the ピース business, failure to achieve the earn-out target related to the sale of the digital marketing business, and sales promotion expenses in the points and rewards business.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Second-Quarter Financial Results Briefing Materials for the Fiscal Year Ending September 2026 | DIGITAL PLUS,Inc. (3691) timely disclosure | Komori