Worth reading
67In 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
291
% (year-on-year change in GMV)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationQ3 FY20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,186 million+182.0%
Operating profit¥45 million
Net income¥46 million
Selling, general and administrative expenses¥931 million
Gross Profit Margin83%, up 5 pp year on year
Results for the three months of the current quarter
Gross merchandise value
¥9,736 million+291.0%
Revenue
¥455 million+245.0%
Gross profit
¥372 million+266.0%
Operating profit
¥122 million
Quarterly profit
¥132 million
Profit for the period attributable to owners of the parent
¥94 million
Full-year earnings forecast
Gross merchandise value
¥25,000 million
Revenue
¥1,700 million
Operating profit
¥200 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Gross merchandise value83.2%
Revenue69.8%
Operating profit22.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
GMV and revenue are tracking in line with the plan, while operating profit turned positive for the full year as of the third-quarter results.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profitApproximately ¥122 million from the classification as a discontinued operation; ¥80 million impairment loss due to the withdrawal from the ピース business
Selling, general and administrative expensesPersonnel expenses: ¥92 million; recruitment expenses: ¥9 million; development expenses: ¥22 million; sales promotion expenses: ¥114 million; other: ¥107 million
New initiatives
- Support for benefit payments to approximately 2.82 million households in Hokkaido
- Remittance service integration with GMO Payment Gateway
- Rollout of shared shareholder benefits (patent pending)
- Growth investments in personnel, systems and sales promotion
- Improving productivity through the use of AI and establishing a workforce of 70 employees
Key KPIsA metric the company considers important as a management benchmark.
- Gross merchandise value¥20,799 millionYear on year against the same period last year238%
- Monthly GMV¥3,500 million
- Number of quarters of GMV growth25 Quarter
- Percentage of receipts other than cash94 %
- Number of companies deciding to introduce shareholder benefits140 companies
Segment results
FintechSingle segment. Q3 revenue of ¥455 million, gross profit of ¥372 million, cumulative revenue of ¥1,186 million and cumulative gross profit of ¥988 million
Digital marketingClassified as a discontinued operation
Medium-term management plan targets
Fiscal year ending September 2028
Gross merchandise value¥100 billion
Operating profit margin50%
Operating profit¥2.0–2.5 billion
Fiscal year ending September 2026GMV of ¥25 billion and monthly GMV of ¥3.5 billion
Market Size / Share
TAM¥45 trillion
SAMAdvertising: approximately ¥4.0 trillion; human resources: approximately ¥1.0 trillion; financial services: approximately ¥3.0 trillion
Market segments of companies offering shareholder benefitsGrowth 47%, Standard 30%, Prime 23%
Number of employees
Number of Employees70 People 2028 target
Changes during the period and hiring planContinue recruitment and training with the goal of establishing a workforce of 70 full-time employees
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥1,186 million (YoY +182.0%) |
| Operating profit | ¥45 million |
| Net income | ¥46 million |
| Gross Profit Margin | 83%, up 5 pp year on year |
| Selling, general and administrative expenses | ¥931 million |
| Results for the three months of the current quarter | Gross merchandise value ¥9,736 million (YoY +291.0%) / Revenue ¥455 million (YoY +245.0%) / Gross profit ¥372 million (YoY +266.0%) / Operating profit ¥122 million / Quarterly profit ¥132 million / Profit for the period attributable to owners of the parent ¥94 million |
| Full-year earnings forecast | Gross merchandise value ¥25,000 million / Revenue ¥1,700 million / Operating profit ¥200 million |
| Progress against full-year forecast | Gross merchandise value 83.2% / Revenue 69.8% / Operating profit 22.5% |
| Self-assessment against the plan | GMV and revenue are tracking in line with the plan, while operating profit turned positive for the full year as of the third-quarter results. |
| Segment results | Fintech Single segment. Q3 revenue of ¥455 million, gross profit of ¥372 million, cumulative revenue of ¥1,186 million and cumulative gross profit of ¥988 million / Digital marketing Classified as a discontinued operation |
| Breakdown of Factors Affecting the Change | Operating profit Approximately ¥122 million from the classification as a discontinued operation; ¥80 million impairment loss due to the withdrawal from the ピース business / Selling, general and administrative expenses Personnel expenses: ¥92 million; recruitment expenses: ¥9 million; development expenses: ¥22 million; sales promotion expenses: ¥114 million; other: ¥107 million |
| Key KPIs | Indicator name Gross merchandise value / Value ¥20,799 million / Year on year against the same period last year 238%, Indicator name Monthly GMV / Value ¥3,500 million / Year on year against the same period last year Not disclosed, Indicator name Number of quarters of GMV growth / Value 25 Quarter / Year on year against the same period last year Not disclosed, Indicator name Percentage of receipts other than cash / Value 94 % / Year on year against the same period last year Not disclosed, Indicator name Number of companies deciding to introduce shareholder benefits / Value 140 companies / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 70 People (2028 target) / Changes during the period and hiring plan Continue recruitment and training with the goal of establishing a workforce of 70 full-time employees |
| Medium-term management plan targets | Fiscal year ending September 2028 Gross merchandise value ¥100 billion / Operating profit margin 50% / Operating profit ¥2.0–2.5 billion / Fiscal year ending September 2026 GMV of ¥25 billion and monthly GMV of ¥3.5 billion |
| Market Size / Share | TAM ¥45 trillion / SAM Advertising: approximately ¥4.0 trillion; human resources: approximately ¥1.0 trillion; financial services: approximately ¥3.0 trillion / Market segments of companies offering shareholder benefits Growth 47%, Standard 30%, Prime 23% |
| New initiatives | Support for benefit payments to approximately 2.82 million households in Hokkaido, Remittance service integration with GMO Payment Gateway, Rollout of shared shareholder benefits (patent pending), Growth investments in personnel, systems and sales promotion, Improving productivity through the use of AI and establishing a workforce of 70 employees |
Items this document does not state (13)
Ordinary incomeOperating profit marginUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk 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 company invested in discount promotions, personnel, system development and sales promotion, prioritizing monthly GMV of ¥3.5 billion and GMV of ¥100 billion in 2028. Operating profit also benefited from the reclassification of the ピース・デジマ business as a discontinued operation.
How to read this page
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