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How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥13,517 million+3.4%
Operating profit¥1,791 million-23.6%
Ordinary income¥1,821 million-23.0%
Net income¥1,293 million-26.2%
Operating profit margin13.3%
Results for the three months of the current quarter
Net Sales
¥3,399 million
Operating profit
¥301 million
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥14,000 million
Operating profit
¥1,800 million
Ordinary income
¥1,830 million
Net income for the current fiscal year
¥1,300 million
Earnings per share
¥50.17
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
v6 Connect (IPv6 connectivity service)254
Hikari Collaboration141
All units in apartment buildings84
Other14
ADSL-8
WiMAX-8
manaba-16
Other FTTH-21
Operating profit
Net Sales439
Cost of goods sold-169
Outsourcing and related expenses-120
Depreciation and amortization-293
Other costs-183
Selling, general and administrative expenses-226
New initiatives
- Strengthening ISP services (FLET'S Hikari Cross Biz, FLET'S Hikari 25G and GIGA School)
- Strengthening web and corporate sales channels
- Improving the efficiency of network facilities for v6 Connect and collaborating with partner companies
- Enhancing various system integrations, learning activity log extraction and active learning functions for manaba
Key KPIsA metric the company considers important as a management benchmark.
- FTTH connectivity subscriptions514 Thousand IDsYear on year against the same period last year+16.0%
- Mobile connectivity subscriptions46 Thousand IDsYear on year against the same period last year-2.0%
- manaba contracted IDs761 Thousand IDsYear on year against the same period last year-7.0%
- Schools adopting manaba across all faculties86 SchoolsYear on year against the same period last year-2.0%
- v6 Connect partner companies10 companiesYear on year against the same period last year0.0%
- Churn rate0.61%Prior-year period0.66%
Segment results
Internet connectivity services
Net Sales
¥12,202 million
Year-on-year (%)3.9
ISP ASAHI Net
Net Sales
¥9,786 million
Year-on-year (%)2.2
VNE v6 Connect
Net Sales
¥2,415 million
Year-on-year (%)11.8
Internet-related services
Net Sales
¥1,315 million
Year-on-year (%)-1.8
Educational support service manaba
Net Sales
¥560 million
Year-on-year (%)-2.9
Other related services
Net Sales
¥754 million
Year-on-year (%)-0.9
Financial targets
Equity ratio
Actual results90.3%
ROE
Actual results9.9%
Capital expenditures
¥2,941 million
Annual Dividend
Fiscal year ending March 2026
Annual dividend per share¥25.00
End of period¥12.50
Fiscal year ending March 2027
Annual dividend per share¥25.00
Payout ratio
Fiscal year ending March 202650.4%
Fiscal year ending March 202749.8%
Total payout ratio
Fiscal year ending March 2026104.3%
Acquisition of treasury shares
Total amount acquired in the fiscal year ended March 2026
¥701 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥13,517 million (YoY +3.4%) |
| Operating profit | ¥1,791 million (YoY -23.6%) |
| Ordinary income | ¥1,821 million (YoY -23.0%) |
| Net income | ¥1,293 million (YoY -26.2%) |
| Operating profit margin | 13.3% |
| Results for the three months of the current quarter | Net Sales ¥3,399 million / Operating profit ¥301 million |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥14,000 million / Operating profit ¥1,800 million / Ordinary income ¥1,830 million / Net income for the current fiscal year ¥1,300 million / Earnings per share ¥50.17 |
| Segment results | Internet connectivity services Net Sales ¥12,202 million / Year-on-year (%) 3.9 / ISP ASAHI Net Net Sales ¥9,786 million / Year-on-year (%) 2.2 / VNE v6 Connect Net Sales ¥2,415 million / Year-on-year (%) 11.8 / Internet-related services Net Sales ¥1,315 million / Year-on-year (%) -1.8 / Educational support service manaba Net Sales ¥560 million / Year-on-year (%) -2.9 / Other related services Net Sales ¥754 million / Year-on-year (%) -0.9 |
| Breakdown of Factors Affecting the Change | Net Sales v6 Connect (IPv6 connectivity service) 254 / Hikari Collaboration 141 / All units in apartment buildings 84 / Other 14 / ADSL -8 / WiMAX -8 / manaba -16 / Other FTTH -21 / Operating profit Net Sales 439 / Cost of goods sold -169 / Outsourcing and related expenses -120 / Depreciation and amortization -293 / Other costs -183 / Selling, general and administrative expenses -226 |
| Key KPIs | Indicator name FTTH connectivity subscriptions / Value 514 Thousand IDs / Year on year against the same period last year 16 Thousand IDs, Indicator name Mobile connectivity subscriptions / Value 46 Thousand IDs / Year on year against the same period last year -2 Thousand IDs, Indicator name manaba contracted IDs / Value 761 Thousand IDs / Year on year against the same period last year -7 Thousand IDs, Indicator name Schools adopting manaba across all faculties / Value 86 Schools / Year on year against the same period last year -2 Schools, Indicator name v6 Connect partner companies / Value 10 companies / Year on year against the same period last year 0 companies, Indicator name Churn rate / Value 0.61% / Prior-year period 0.66% |
| Financial targets | Equity ratio Actual results 90.3% / ROE Actual results 9.9% |
| Annual Dividend | Fiscal year ending March 2026 Annual dividend per share ¥25.00 / Interim Not disclosed / End of period ¥12.50 / Fiscal year ending March 2027 Annual dividend per share ¥25.00 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Fiscal year ending March 2026 50.4% / Fiscal year ending March 2027 49.8% / Total payout ratio Fiscal year ending March 2026 104.3% |
| Acquisition of treasury shares | Total amount acquired in the fiscal year ended March 2026 ¥701 million / Number of shares acquired Not disclosed / Period Not disclosed |
| Capital expenditures | ¥2,941 million |
| New initiatives | Strengthening ISP services (FLET'S Hikari Cross Biz, FLET'S Hikari 25G and GIGA School), Strengthening web and corporate sales channels, Improving the efficiency of network facilities for v6 Connect and collaborating with partner companies, Enhancing various system integrations, learning activity log extraction and active learning functions for manaba |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsOrders 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.Revenue increased due to growth in the number of v6 Connect and FTTH connectivity service subscriptions. Operating profit declined due to higher cost of sales from upfront investment and higher SG&A expenses associated with intensified customer acquisition efforts.
How to read this page
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