Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-304
¥ million (year-on-year change in revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending November 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,909 million-13.8%
Operating profit¥-185 million
Ordinary income¥-185 million
Net income¥-220 million
Selling, general and administrative expenses¥964 million
Results for the three months of the current quarterThe chart shows Q2 revenue of ¥591 million and segment profit of ¥64 million for the Development Promotion and Support Business, and Q2 revenue of ¥412 million and segment profit of ¥86 million for the Human Resources Business.
Full-year earnings forecast
Net Sales
¥4,231 million
Operating profit
¥-200 million
Ordinary income
¥-198 million
Net income for the current fiscal year
¥-228 million
Annual dividend
¥0
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Expected to fall significantly short of the initial plan, resulting in an operating lossBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Completion of major core contract development projects
- Unrecognized revenue from a 3DCG video production project and provision for losses on orders¥79 million
- Lost opportunities to win orders for other new projects due to project delays
- Termination of an online service by a major existing customer
- Increase in company-wide expenses¥73 million
New initiatives
- Establishment of a specialist physical AI team
- Investment in a validation and development environment
- Collaboration with a provider of GPU workstations
- Sales partnerships targeting specific industries
- Recruitment of specialist personnel in the defense agencies sector
- Middleware rebranding and feature expansion
- Development of a new cloud-native online business
- Expansion of a recurring-revenue human resources business through freelance placement services
Key KPIsA metric the company considers important as a management benchmark.
- Number of fee-based recruitment placements122 PeopleYear on year against the same period last year-13.5%
- Total number of temporary staff deployed1,102 PeopleYear on year against the same period last year-5.7%
- Number of job postings listed4,700 or more
- Number of registered usersApproximately 32,000
Segment results
- Development Promotion and Support BusinessNet Sales¥1,119 million (YoY -18.6%)Segment profit¥0 million (YoY -99.7%)
- Human Resources BusinessNet Sales¥789 million (YoY -5.9%)Segment profit¥138 million (YoY -10.6%)
Number of employees
Number of Employees262 People
As ofEnd of May 2026
Hiring planRecruitment of specialist personnel in the defense agencies sector
Annual Dividend
Annual dividend per share¥0
End of period¥0
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending November 2026 |
| Net Sales | ¥1,909 million (YoY -13.8%) |
| Operating profit | ¥-185 million |
| Ordinary income | ¥-185 million |
| Net income | ¥-220 million |
| Selling, general and administrative expenses | ¥964 million |
| Results for the three months of the current quarter | The chart shows Q2 revenue of ¥591 million and segment profit of ¥64 million for the Development Promotion and Support Business, and Q2 revenue of ¥412 million and segment profit of ¥86 million for the Human Resources Business. |
| Full-year earnings forecast | Net Sales ¥4,231 million / Operating profit ¥-200 million / Ordinary income ¥-198 million / Net income for the current fiscal year ¥-228 million / Annual dividend ¥0 |
| Self-assessment against the plan | Expected to fall significantly short of the initial plan, resulting in an operating loss |
| Segment results | Segment Development Promotion and Support Business / Net Sales ¥1,119 million (YoY -18.6%) / Segment profit ¥0 million (YoY -99.7%), Segment Human Resources Business / Net Sales ¥789 million (YoY -5.9%) / Segment profit ¥138 million (YoY -10.6%) |
| Breakdown of Factors Affecting the Change | Factors Completion of major core contract development projects / Amount Not disclosed, Factors Unrecognized revenue from a 3DCG video production project and provision for losses on orders / Amount ¥79 million, Factors Lost opportunities to win orders for other new projects due to project delays / Amount Not disclosed, Factors Termination of an online service by a major existing customer / Amount Not disclosed, Factors Increase in company-wide expenses / Amount ¥73 million |
| Key KPIs | Indicator name Number of fee-based recruitment placements / Value 122 People / Year on year against the same period last year -13.5 People, Indicator name Total number of temporary staff deployed / Value 1,102 People / Year on year against the same period last year -5.7 People, Indicator name Number of job postings listed / Value 4,700 or more / Year on year against the same period last year Not disclosed, Indicator name Number of registered users / Value Approximately 32,000 / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 262 People / As of End of May 2026 / Change during the period Not disclosed / Hiring plan Recruitment of specialist personnel in the defense agencies sector |
| Annual Dividend | Annual dividend per share ¥0 / Interim Not disclosed / End of period ¥0 |
| New initiatives | Establishment of a specialist physical AI team, Investment in a validation and development environment, Collaboration with a provider of GPU workstations, Sales partnerships targeting specific industries, Recruitment of specialist personnel in the defense agencies sector, Middleware rebranding and feature expansion, Development of a new cloud-native online business, Expansion of a recurring-revenue human resources business through freelance placement services |
Items this document does not state (15)
Gross Profit MarginOperating profit marginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.The factors cited include uncertainty about the outlook due to higher prices and the international situation, deterioration in the domestic gaming industry's market environment, stagnant inquiries from the entertainment industry, the completion of major core projects, ¥79 million in provision for losses on orders related to a 3DCG video production project, lost opportunities to win orders for other projects due to project delays, the termination of an online service, and a mismatch between demand for human resources and the preferences of prospective temporary workers.
How to read this page
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