Komori
Financial Results Presentation3844COMTURE CORPORATIONInformation and Communications, Services and Others

First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027

First-quarter revenue increased, driven by the consolidation of HIT and the expansion of the Data & AI-related business. However, operating profit declined due to higher core-system-related and personnel costs. The Company also recorded an impairment loss related to the partial discontinuation of use of its core system and lowered its full-year net profit forecast.

Worth reading
60In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1434
¥ million (impairment loss)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst 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 Sales9,553 Millions of yen+6.7%
Operating profit747 Millions of yen-13.7%
Ordinary income759 Millions of yen-12.1%
Net income¥-516 million profit attributable to owners of the parent
Operating profit margin7.8 %-1.9%
Results for the three months of the current quarter
Net Sales¥9,553 million
Operating profit¥747 million
Ordinary income¥759 million
Profit attributable to owners of parent for the quarter−¥516 million
EBITDA¥989 million
Full-year earnings forecast
Net Sales
42,000 Millions of yen
Gross profit
8,800 Millions of yen
Operating profit
4,700 Millions of yen
Ordinary income
4,730 Millions of yen
Profit attributable to owners of the parent
2,250 Millions of yen
EBITDA
5,612 Millions of yen
Depreciation and amortization
413 Millions of yen
Amortization of goodwill
499 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Profit growth from business expansion+¥194 million
  • Changes in Accounting Standards+¥58 million
  • Optimization of personnel allocation and hiring plans+¥85 million
  • Personnel-related expenses−¥263 million
  • Core-system-related expenses and other itemsDown ¥58 million
New initiatives
  • A zero-based review of the medium-term management plan and reallocation of investment to AI, human resources and offices
  • Development of an AI utilization environment and research and development
  • Human resource development to improve skills in AI and other areas
  • Head office relocation and consolidation of offices in the Tokyo area
  • Beginning consideration of AI governance services
  • Winning an order for a Salesforce–Informatica integration project
  • Business alliance with クリューグル株式会社 (legacy-system development and maintenance, Data & AI utilization, and joint development of industry-specific assets)
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA989 Millions of yen
    Year on year against the same period last year-0.7%
  • Depreciation117 Millions of yen
    Year on year against the same period last year+158.2%
  • Amortization of goodwill124 Millions of yen
    Year on year against the same period last year+47.3%
Segment results
  • Technology
    Net Sales3,693 Millions of yen (YoY +7.5%)
    Gross profit727 Millions of yen (YoY -2.5%)
    Gross Profit Margin19.7%
  • Business Transformation Support
    Net Sales3,694 Millions of yen (YoY +9.6%)
    Gross profit757 Millions of yen (YoY +9.3%)
    Gross Profit Margin20.5%
  • Managed Services and Education
    Net Sales2,165 Millions of yen (YoY +0.7%)
    Gross profit426 Millions of yen (YoY +0.9%)
    Gross Profit Margin19.7%
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2029
Net Sales¥53,000 million
Gross profit¥10,900 million
Operating profit¥6,300 million
EBITDA¥7,600 million
ROE18.0% or higher
Financial targets
ROE
Actual results for the fiscal year ending March 202617.0%
Target for the fiscal year ending March 202918.0% or higher
Cost of shareholders’ equityAround 7%
Market Size / Share
  • Domestic AI Services market
    FiguresMore than 30%
  • Domestic data platform market
    Figures7.7
  • Domestic IT services market
    Figures6.2
Number of employees
Number of EmployeesEmployees at acquisition: 56 at エディフィストラーニング, 120 at ソフトウエアクリエイション, 121 at タクトシステムズ・タクトビジネスソフト, and 34 at HIT
Changes during the period and hiring planReference was made to an increase in employee numbers, optimization of personnel allocation and hiring plans, and a review of hiring volumes. Specific numbers: Not disclosed
Annual Dividend
Annual¥52.00
Interim¥13.00
First quarter¥13.00
Third quarter¥13.00
End of period¥13.00
Payout ratio
Rate73.7% (as shown in the graph for the fiscal year ending March 2027 forecast)
Including shareholder benefits83.2% (for holdings of 300 shares)
DOE8.2% for the fiscal year ended March 2026
Gross profit
¥1,912 million, gross profit margin 20.0%, down 0.8 percentage points year on year
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales9,553 Millions of yen (YoY +6.7%)
Operating profit747 Millions of yen (YoY -13.7%)
Ordinary income759 Millions of yen (YoY -12.1%)
Net income¥-516 million (profit attributable to owners of the parent)
Gross profit¥1,912 million, gross profit margin 20.0%, down 0.8 percentage points year on year
Operating profit margin7.8 % (YoY -1.9%)
Results for the three months of the current quarterNet Sales ¥9,553 million / Operating profit ¥747 million / Ordinary income ¥759 million / Profit attributable to owners of parent for the quarter −¥516 million / EBITDA ¥989 million
Full-year earnings forecastNet Sales 42,000 Millions of yen / Gross profit 8,800 Millions of yen / Operating profit 4,700 Millions of yen / Ordinary income 4,730 Millions of yen / Profit attributable to owners of the parent 2,250 Millions of yen / EBITDA 5,612 Millions of yen / Depreciation and amortization 413 Millions of yen / Amortization of goodwill 499 Millions of yen
Segment resultsSegment Technology / Net Sales 3,693 Millions of yen (YoY +7.5%) / Gross profit 727 Millions of yen (YoY -2.5%) / Gross Profit Margin 19.7%, Segment Business Transformation Support / Net Sales 3,694 Millions of yen (YoY +9.6%) / Gross profit 757 Millions of yen (YoY +9.3%) / Gross Profit Margin 20.5%, Segment Managed Services and Education / Net Sales 2,165 Millions of yen (YoY +0.7%) / Gross profit 426 Millions of yen (YoY +0.9%) / Gross Profit Margin 19.7%
Breakdown of Factors Affecting the ChangeFactors Profit growth from business expansion / Amount +¥194 million, Factors Changes in Accounting Standards / Amount +¥58 million, Factors Optimization of personnel allocation and hiring plans / Amount +¥85 million, Factors Personnel-related expenses / Amount −¥263 million, Factors Core-system-related expenses and other items / Amount Down ¥58 million
Key KPIsIndicator name EBITDA / Value 989 Millions of yen / Year on year against the same period last year -0.7 Millions of yen, Indicator name Depreciation / Value 117 Millions of yen / Year on year against the same period last year 158.2 Millions of yen, Indicator name Amortization of goodwill / Value 124 Millions of yen / Year on year against the same period last year 47.3 Millions of yen
Number of employeesNumber of Employees Employees at acquisition: 56 at エディフィストラーニング, 120 at ソフトウエアクリエイション, 121 at タクトシステムズ・タクトビジネスソフト, and 34 at HIT / Changes during the period and hiring plan Reference was made to an increase in employee numbers, optimization of personnel allocation and hiring plans, and a review of hiring volumes. Specific numbers: Not disclosed
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2029 / Net Sales ¥53,000 million / Gross profit ¥10,900 million / Operating profit ¥6,300 million / EBITDA ¥7,600 million / ROE 18.0% or higher
Financial targetsROE Actual results for the fiscal year ending March 2026 17.0% / Target for the fiscal year ending March 2029 18.0% or higher / Cost of shareholders’ equity Around 7%
Annual DividendAnnual ¥52.00 / Interim ¥13.00 / First quarter ¥13.00 / Third quarter ¥13.00 / End of period ¥13.00
Payout ratioRate 73.7% (as shown in the graph for the fiscal year ending March 2027 forecast) / Including shareholder benefits 83.2% (for holdings of 300 shares) / DOE 8.2% for the fiscal year ended March 2026
Market Size / ShareMarket Domestic AI Services market / Figures More than 30%, Market Domestic data platform market / Figures 7.7 CAGR（2024→2029）, Market Domestic IT services market / Figures 6.2 CAGR（2025→2030）
New initiativesA zero-based review of the medium-term management plan and reallocation of investment to AI, human resources and offices, Development of an AI utilization environment and research and development, Human resource development to improve skills in AI and other areas, Head office relocation and consolidation of offices in the Tokyo area, Beginning consideration of AI governance services, Winning an order for a Salesforce–Informatica integration project, Business alliance with クリューグル株式会社 (legacy-system development and maintenance, Data & AI utilization, and joint development of industry-specific assets)
Items this document does not state (11)
Selling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition 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.

Revenue increased due to the consolidation of HIT, the expansion of the Data & AI-related business, growth in projects for the financial and public sectors, and the impact of changes in accounting standards. Operating profit was weighed down by higher personnel expenses associated with pay raises and an increase in employee numbers, as well as higher depreciation, license fees and initial operating-transition costs for the core system. The net profit forecast was revised due to the recognition of an impairment loss related to the partial discontinuation of use of the core system.

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First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027 | COMTURE CORPORATION (3844) timely disclosure | Komori