Worth reading
53Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
16.8
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 September 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales72,035¥ millionYear on year +16.8%Progress 48.0%
Operating profit6,907¥ millionYear on year -14.3%Progress 34.5%
Ordinary income6,609¥ millionYear on year -16.0%Progress 33.0%
Net income attributable to owners of the parent4,011¥ millionYear on year -10.7%Progress 29.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥15.32
Financial position at period-end
Total assets80,389¥ million
of which net assets 38,574 ¥ millionEquity ratio 47.5%vs. prior year-end -5.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+1,129
Investment-1,808
Financials+1,371
Net change+692
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥24,315 million
Segment revenueSoftware testing-related services ¥47,331 million (YoY +19.5%), Software development-related services ¥21,313 million (YoY +8.0%), Other Adjacent Services ¥6,450 million (YoY +32.1%)
Segment profitSoftware testing-related services ¥9,731 million (YoY -7.5%), Software development-related services ¥1,204 million (YoY -23.9%), Other Adjacent Services ¥556 million (YoY +127.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥150,000 million (YoY +15.5%)
Operating profit¥20,000 million (YoY +13.4%)
Ordinary income¥20,000 million (YoY +16.3%)
Net income¥13,500 million (YoY +24.3%)
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
Net sales increased due to thorough customer-focused proposals, the normalization of hiring activity, and demand to replace PCs with Windows 11-equipped models. Profit declined due to front-loaded AI-related investment and higher recruitment expenses.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Name of newly added company Not disclosed / Excluded Company Name Not disclosed
Material subsequent eventsThe company disclosed the planned acquisition of all shares of STEP CO.,LTD. on 1 June 2026 for a consideration of ¥6,000 million, the acquisition of all shares of 株式会社ニッセイコム on 1 April 2026 for an acquisition cost of ¥17,792 million, and a ¥17,700 million borrowing to fund the acquisition of 株式会社ニッセイコム.
Impairment loss¥501 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on changes in equity interests ¥10 million / Extraordinary loss Impairment Losses ¥501 million
Depreciation and amortization¥999 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End267,500,670 Shares
Treasury Shares at Period-End11,895,562 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025–28 February 2026 |
| Net Sales | ¥72,035 million (YoY +16.8%) |
| Operating profit | ¥6,907 million (YoY -14.3%) |
| Ordinary income | ¥6,609 million (YoY -16.0%) |
| Profit attributable to owners of the parent | ¥4,011 million (YoY -10.7%) |
| Net income per share | ¥15.32 |
| Equity ratio | End of the current fiscal period 47.5 / End of previous period 52.7 |
| Total assets | ¥80,389 million |
| Net assets | ¥38,574 million |
| Cash flows from operating activities | ¥1,129 million |
| Cash flows from investing activities | ¥-1,808 million |
| Cash flows from financing activities | ¥1,371 million |
| Cash and cash equivalents at end of period | ¥24,315 million |
| Full-year earnings forecast | Net Sales ¥150,000 million (YoY +15.5%) / Operating profit ¥20,000 million (YoY +13.4%) / Ordinary income ¥20,000 million (YoY +16.3%) / Net income ¥13,500 million (YoY +24.3%) |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Software testing-related services ¥47,331 million (YoY +19.5%), Software development-related services ¥21,313 million (YoY +8.0%), Other Adjacent Services ¥6,450 million (YoY +32.1%) |
| Segment profit | Software testing-related services ¥9,731 million (YoY -7.5%), Software development-related services ¥1,204 million (YoY -23.9%), Other Adjacent Services ¥556 million (YoY +127.8%) |
| Depreciation and amortization | ¥999 million |
| Impairment loss | ¥501 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on changes in equity interests ¥10 million / Extraordinary loss Impairment Losses ¥501 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Name of newly added company Not disclosed / Excluded Company Name Not disclosed |
| Material subsequent events | The company disclosed the planned acquisition of all shares of STEP CO.,LTD. on 1 June 2026 for a consideration of ¥6,000 million, the acquisition of all shares of 株式会社ニッセイコム on 1 April 2026 for an acquisition cost of ¥17,792 million, and a ¥17,700 million borrowing to fund the acquisition of 株式会社ニッセイコム. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts and institutional investors |
| Issued Shares at Period-End | 267,500,670 Shares |
| Treasury Shares at Period-End | 11,895,562 Shares |
| Factors Behind Changes in Business Performance | Net sales increased due to thorough customer-focused proposals, the normalization of hiring activity, and demand to replace PCs with Windows 11-equipped models. Profit declined due to front-loaded AI-related investment and higher recruitment expenses. |
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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 explained that the decline in operating profit reflected the short-term impact of front-loaded AI-related investment. It also said recruitment expenses increased as hiring activity, which had been strategically restrained in the previous interim period, was normalized. Meanwhile, the company expects a recovery in the second half, driven by stronger customer-focused proposals and the ramp-up in orders for AI services.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.