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Financial results presentationSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,548 million yen-0.9%
Operating profit30 million yen-54.3%
Ordinary income33 million yen-48.5%
Net income17 million yen-57.2%
Gross Profit Margin54.6%
Operating profit margin1.9%
Selling, general and administrative expenses815 million yen
Results for the three months of the current quarterSecond quarter of the fiscal year ending March 2027, standalone three-month results: revenue ¥781 million, subscription revenue ¥714 million, solution revenue ¥67 million, operating profit ¥27 million, gross margin 54.8%, operating margin 3.5%, EBITDA ¥170 million, EBITDA margin 21.8%
Full-year earnings forecast
Net Sales
3,415 million yen
EBITDA
909 million yen
Operating profit
319 million yen
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。
Net Sales45.3%
Operating profit9.5%
Ordinary income10.6%
Net income for the current fiscal year8.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as plannedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in subscription revenue+¥102 million
- Decline in solution revenue-¥116 million
New initiatives
- Business and capital alliance with J:COM
- Launch of bank API integration functionality
- AI communication support for いい生活Owner
- AI payment reconciliation assistance for いい生活賃貸管理クラウド (rental property management cloud)
- Standard implementation of multi-factor authentication for いい生活 accounts
- Introduction of a Shareholder Benefit Program
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA316 million yenYear on year against the same period last year-7.4%
- ARPU¥152 thousandYear on year against the same period last year+5.3%
- Subscription revenue ratio92.2 %Year on year against the same period last year84.8% of the prior-year level
- EBITDA margin20.4 %Year on year against the same period last year-1.4 percentage points
- MRR churn rate-0.63 %
- ARR2,895 million yenYear on year against the same period last year+5.9%
- Number of paying corporate accounts1,580 companiesYear on year against the same period last year10 more corporate entities than in September of the previous year
- Number of stores using the service4,828 storesYear on year against the same period last year20 fewer stores than in September of the previous year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ARPU ¥152 thousand (up 5.3% year on year), paying corporate entities 1,580 (10 more than in September of the previous year)Financial targets
Reported equity ratio of 78.6% and current ratio of 148.5%. Target values: Not disclosedMarket Size / Share
SOM approximately ¥6.0 billion per year, SAM approximately ¥116.0 billion per year, and TAM approximately ¥3.2 trillion per year. Number of corporate establishments in the real estate industry: 241,650Number of stores and locations
Number of stores using the service: 4,828 (20 fewer than in September of the previous year). Store openings and closures: Not disclosedNumber of employees
Consolidated employees: 216 (September 2026; 231 in September 2025). Hiring plan: Not disclosedAnnual Dividend
For the fiscal year ending March 2027, annual dividend per share is ¥3.00 (year-end dividend ¥3.00; ¥6.00 on a pre-share-split basis). Interim dividend: Not disclosedAcquisition of treasury shares
758,200 treasury shares used in a third-party allotment to J:COM. Treasury share acquisition limit: Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | 1,548 million yen (YoY -0.9%) |
| Operating profit | 30 million yen (YoY -54.3%) |
| Ordinary income | 33 million yen (YoY -48.5%) |
| Net income | 17 million yen (YoY -57.2%) |
| Gross Profit Margin | 54.6% |
| Operating profit margin | 1.9% |
| Selling, general and administrative expenses | 815 million yen |
| Results for the three months of the current quarter | Second quarter of the fiscal year ending March 2027, standalone three-month results: revenue ¥781 million, subscription revenue ¥714 million, solution revenue ¥67 million, operating profit ¥27 million, gross margin 54.8%, operating margin 3.5%, EBITDA ¥170 million, EBITDA margin 21.8% |
| Full-year earnings forecast | Net Sales 3,415 million yen / EBITDA 909 million yen / Operating profit 319 million yen |
| Progress against full-year forecast | Net Sales 45.3% / Operating profit 9.5% / Ordinary income 10.6% / Net income for the current fiscal year 8.7% |
| Self-assessment against the plan | Progressing as planned |
| Breakdown of Factors Affecting the Change | Factors Increase in subscription revenue / Amount +¥102 million, Factors Decline in solution revenue / Amount -¥116 million |
| Key KPIs | Indicator name EBITDA / Value 316 million yen / Year on year against the same period last year -7.4 million yen, Indicator name ARPU / Value ¥152 thousand / Year on year against the same period last year ¥5.3 thousand, Indicator name Subscription revenue ratio / Value 92.2 % / Year on year against the same period last year 84.8% of the prior-year level, Indicator name EBITDA margin / Value 20.4 % / Year on year against the same period last year -1.4 percentage points, Indicator name MRR churn rate / Value -0.63 % / Year on year against the same period last year Not disclosed, Indicator name ARR / Value 2,895 million yen / Year on year against the same period last year 5.9 million yen, Indicator name Number of paying corporate accounts / Value 1,580 companies / Year on year against the same period last year 10 more corporate entities than in September of the previous year, Indicator name Number of stores using the service / Value 4,828 stores / Year on year against the same period last year 20 fewer stores than in September of the previous year |
| Unit price and quantity metrics | ARPU ¥152 thousand (up 5.3% year on year), paying corporate entities 1,580 (10 more than in September of the previous year) |
| Number of stores and locations | Number of stores using the service: 4,828 (20 fewer than in September of the previous year). Store openings and closures: Not disclosed |
| Number of employees | Consolidated employees: 216 (September 2026; 231 in September 2025). Hiring plan: Not disclosed |
| Financial targets | Reported equity ratio of 78.6% and current ratio of 148.5%. Target values: Not disclosed |
| Annual Dividend | For the fiscal year ending March 2027, annual dividend per share is ¥3.00 (year-end dividend ¥3.00; ¥6.00 on a pre-share-split basis). Interim dividend: Not disclosed |
| Acquisition of treasury shares | 758,200 treasury shares used in a third-party allotment to J:COM. Treasury share acquisition limit: Not disclosed |
| Market Size / Share | SOM approximately ¥6.0 billion per year, SAM approximately ¥116.0 billion per year, and TAM approximately ¥3.2 trillion per year. Number of corporate establishments in the real estate industry: 241,650 |
| New initiatives | Business and capital alliance with J:COM, Launch of bank API integration functionality, AI communication support for いい生活Owner, AI payment reconciliation assistance for いい生活賃貸管理クラウド (rental property management cloud), Standard implementation of multi-factor authentication for いい生活 accounts, Introduction of a Shareholder Benefit Program |
Items this document does not state (8)
Segment resultsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioCapital 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.Solution revenue declined due to the pullback from large projects in the previous fiscal year, while subscription revenue increased as a result of measures including price revisions. Operating profit was affected by the decline in solution revenue, but the company advanced productivity improvements through the use of AI and cost optimisation.
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