Worth reading
50Recurring
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
-80
¥ million (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationCumulative period through the second 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 Sales2,020 Million yen-3.8%
Operating profit-478 Million yen
Ordinary income-449 Million yen
Net income-391 Million yen
Selling, general and administrative expenses790 Million yen
Full-year earnings forecast
Net Sales
7,000 Million yen
Ordinary income
500 Million yen
Profit attributable to owners of the parent
300 Million yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue progressing broadly in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Non-recurrence of large-scale entrance-examination revision projects and initial implementation projects
- Non-recurrence of development of the WITH-X integrated securities system for domestic online securities firms
- Increase in web portal development projects for medical-related services
- Increase in machinery sales related to security services for medical-related services
- Decrease in external sales
- Increase in commissions paid25
- Decrease in labor and other expenses-66
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Qualitative assumption that the company will continue investing in recruitment, marketing and M&A-related expenses and other costs as it remains in an investment phase aimed at future growth. Numerical assumptions: Not disclosedNew initiatives
- エフプラス's acquisition of shares in ミガロ and its conversion into a subsidiary
- Provision of the regulatory-compliance AI agent Avi-X
- Outsourced operation of Nara Prefecture's internship program
- Implementation of Osaka Prefecture's OSAKA Innovation Data Lab program using the 『アプデミー』 platform
- Capital allocation policy establishing an investment budget of ¥5 billion over 3 years
Key KPIsA metric the company considers important as a management benchmark.
- NINJAPAN revenue119 Million yen
- NINJAPAN operating loss-22 Million yen
- エフプラス revenue235 Million yen
- エフプラス operating profit16 Million yen
- ポトス revenue37 Million yen
- ポトス operating loss-56 Million yen
- Number of students participating in Nara Prefecture internships110 people
- Number of prospective Avi-X customers800 Companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The company stated that Avi-X would expand average customer spend and recurring revenue by acquiring new customers. Numerical data: Not disclosedSegment results
Education operations
Net Sales
854 Million yen
Year on year against the same period last year-7.4%
Securities and JASDEC operations
Net Sales
544 Million yen
Year on year against the same period last year-7.7%
General operations
Net Sales
362 Million yen
Year on year against the same period last year+15.7%
Other operations (subsidiaries, etc.)
Net Sales
258 Million yen
Year on year against the same period last year-5.8%
Medium-term management plan targets
Net Sales
10,000 Million yen
Target fiscal yearFiscal year ending March 2029
Ordinary income
900 Million yen
Target fiscal yearFiscal year ending March 2029
Annual Dividend
¥10 /share
Target fiscal yearFiscal year ending March 2029
Market Size / Share
- 10,000 companies or moreDetailsJapanese companies using IBM i
- 750 companies or moreDetailsNumber of domestic companies that have implemented Delphi/400
- 800 CompaniesDetailsNumber of prospective Avi-X customers
Annual Dividend
Actual results for the fiscal year ended March 2026
Annual dividend per share10 Yen
Interim Dividend5 Yen
Payout ratio
Actual results for the fiscal year ended March 202658.7 %
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Cumulative period through the second quarter of the fiscal year ending March 2027 |
| Net Sales | 2,020 Million yen (YoY -3.8%) |
| Operating profit | -478 Million yen |
| Ordinary income | -449 Million yen |
| Net income | -391 Million yen |
| Selling, general and administrative expenses | 790 Million yen |
| Full-year earnings forecast | Net Sales 7,000 Million yen / Ordinary income 500 Million yen / Profit attributable to owners of the parent 300 Million yen |
| Self-assessment against the plan | Revenue progressing broadly in line with plan |
| Segment results | Education operations Net Sales 854 Million yen / yoy_pct -7.4 / Securities and JASDEC operations Net Sales 544 Million yen / yoy_pct -7.7 / General operations Net Sales 362 Million yen / yoy_pct 15.7 / Other operations (subsidiaries, etc.) Net Sales 258 Million yen / yoy_pct -5.8 |
| Breakdown of Factors Affecting the Change | Factors Non-recurrence of large-scale entrance-examination revision projects and initial implementation projects / Amount Not disclosed, Factors Non-recurrence of development of the WITH-X integrated securities system for domestic online securities firms / Amount Not disclosed, Factors Increase in web portal development projects for medical-related services / Amount Not disclosed, Factors Increase in machinery sales related to security services for medical-related services / Amount Not disclosed, Factors Decrease in external sales / Amount Not disclosed, Factors Increase in commissions paid / Amount 25, Factors Decrease in labor and other expenses / Amount -66 |
| Key KPIs | Indicator name NINJAPAN revenue / Value 119 Million yen / Year on year against the same period last year Not disclosed, Indicator name NINJAPAN operating loss / Value -22 Million yen / Year on year against the same period last year Not disclosed, Indicator name エフプラス revenue / Value 235 Million yen / Year on year against the same period last year Not disclosed, Indicator name エフプラス operating profit / Value 16 Million yen / Year on year against the same period last year Not disclosed, Indicator name ポトス revenue / Value 37 Million yen / Year on year against the same period last year Not disclosed, Indicator name ポトス operating loss / Value -56 Million yen / Year on year against the same period last year Not disclosed, Indicator name Number of students participating in Nara Prefecture internships / Value 110 people / Year on year against the same period last year Not disclosed, Indicator name Number of prospective Avi-X customers / Value 800 Companies / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The company stated that Avi-X would expand average customer spend and recurring revenue by acquiring new customers. Numerical data: Not disclosed |
| Assumptions Underlying the Business Outlook | Qualitative assumption that the company will continue investing in recruitment, marketing and M&A-related expenses and other costs as it remains in an investment phase aimed at future growth. Numerical assumptions: Not disclosed |
| Medium-term management plan targets | Net Sales 10,000 Million yen / Ordinary income 900 Million yen / Annual Dividend ¥10 /share |
| Annual Dividend | Annual dividend per share 10 Yen / Interim Dividend 5 Yen / Year-end dividend Not disclosed / Subject Actual results for the fiscal year ended March 2026 |
| Payout ratio | 58.7 % |
| Market Size / Share | 10,000 companies or more, 750 companies or more, 800 Companies |
| New initiatives | エフプラス's acquisition of shares in ミガロ and its conversion into a subsidiary, Provision of the regulatory-compliance AI agent Avi-X, Outsourced operation of Nara Prefecture's internship program, Implementation of Osaka Prefecture's OSAKA Innovation Data Lab program using the 『アプデミー』 platform, Capital allocation policy establishing an investment budget of ¥5 billion over 3 years |
Items this document does not state (12)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition 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.In education services, revenue declined because the large-scale entrance-examination revision projects and initial implementation projects recorded in the previous fiscal year did not recur. In securities and JASDEC-related services, revenue declined because development of WITH-X for domestic online securities firms did not recur. In general services, web portal development projects for medical-related services and machinery sales increased, while external sales declined in other services. On the earnings side, the company has a seasonal pattern in which performance is concentrated in the fourth quarter, and expects improvement in the second half.
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.