Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
56.7
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥640 million+56.7%
Operating profit¥125 million+97.6%
Ordinary income¥121 million+96.2%
Net income¥128 million+93.9%
Operating profit margin19.6 %
Selling, general and administrative expenses¥313 million
Full-year earnings forecast
Net Sales
¥1,308 million
Operating profit
¥208 million
Ordinary income
¥198 million
Net income for the current fiscal year
¥182 million
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 Sales48.9%
Operating profit60.1%
Ordinary income61.3%
Net income for the current fiscal year70.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Overall, performance is progressing smoothly against the plan at this point.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Reason for maintaining the full-year earnings forecast: It is necessary to assess demand trends, and it is difficult to forecast the impact on year-end earnings while operating results from the battery storage facilities are still being accumulated.
- Reason for the decline in monthly new customer acquisitions: a seasonal factor resulting from the peak in demand during the spring sales season having passed.
- Future DX initiatives: increase ARPU by expanding the sales partner network and introducing higher-tier plans.
- Status of EMS sales to external customers: the policy is to begin external sales after verification at the Company's own battery storage facilities, but the specific timing has not been determined.
- Plans for additional acquisitions of battery storage facilities: the Company is not currently in a position to provide details.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Paid subscription customers
58 10,000 people target at the end of December 2026
Average Monthly New Subscribers
2.5 10,000 customers/month
Average Monthly Churn Rate
1.4 %
New initiatives
- Introduction of higher-tier plans for GreenBee Cloud Backup
- Expansion of the sales partner network and new sales channels
- Strengthening the EMS cloud service using the Company's own battery storage facilities
- External sales of EMS after verification at the Company's own battery storage facilities
- Continued consideration of the next grid-scale battery storage project
- Launch of AI-powered licensed products
Key KPIsA metric the company considers important as a management benchmark.
- Paid subscription customers52.6 10,000 people
- Monthly new customers acquired2.6 10,000 people/month January-August 2026 average
- Monthly recurring revenue (MRR)144 % vs. December 2025
- Monthly churn rate1.5 % January-August 2026 average
Segment results
DX services business
Net Sales
¥350 million
Year on year against the same period last yearApproximately 3x
GX services business
Net Sales
¥5 million
Technology licensing business
Net Sales
¥284 million
Number of employees
Number of Employees51 People
Acquisition of treasury shares
Number of Shares30.6 10,000 shares
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥640 million (YoY +56.7%) |
| Operating profit | ¥125 million (YoY +97.6%) |
| Ordinary income | ¥121 million (YoY +96.2%) |
| Net income | ¥128 million (YoY +93.9%) |
| Operating profit margin | 19.6 % |
| Selling, general and administrative expenses | ¥313 million |
| Full-year earnings forecast | Net Sales ¥1,308 million / Operating profit ¥208 million / Ordinary income ¥198 million / Net income for the current fiscal year ¥182 million |
| Progress against full-year forecast | Net Sales 48.9% / Operating profit 60.1% / Ordinary income 61.3% / Net income for the current fiscal year 70.2% |
| Self-assessment against the plan | Overall, performance is progressing smoothly against the plan at this point. |
| Segment results | DX services business Net Sales ¥350 million / Year on year against the same period last year Approximately 3x / GX services business Net Sales ¥5 million / Year on year against the same period last year Not disclosed / Technology licensing business Net Sales ¥284 million / Year on year against the same period last year Not disclosed |
| Key KPIs | Indicator name Paid subscription customers / Value 52.6 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Monthly new customers acquired / Value 2.6 10,000 people/month (January-August 2026 average) / Year on year against the same period last year Not disclosed, Indicator name Monthly recurring revenue (MRR) / Value 144 % vs. December 2025 / Year on year against the same period last year Not disclosed, Indicator name Monthly churn rate / Value 1.5 % (January-August 2026 average) / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 51 People / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Paid subscription customers 58 10,000 people (target at the end of December 2026) / Average Monthly New Subscribers 2.5 10,000 customers/month / Average Monthly Churn Rate 1.4 % |
| Acquisition of treasury shares | Number of Shares 30.6 10,000 shares / Amount Not disclosed / Period Not disclosed |
| Key points of the Q&A | Reason for maintaining the full-year earnings forecast: It is necessary to assess demand trends, and it is difficult to forecast the impact on year-end earnings while operating results from the battery storage facilities are still being accumulated., Reason for the decline in monthly new customer acquisitions: a seasonal factor resulting from the peak in demand during the spring sales season having passed., Future DX initiatives: increase ARPU by expanding the sales partner network and introducing higher-tier plans., Status of EMS sales to external customers: the policy is to begin external sales after verification at the Company's own battery storage facilities, but the specific timing has not been determined., Plans for additional acquisitions of battery storage facilities: the Company is not currently in a position to provide details. |
| New initiatives | Introduction of higher-tier plans for GreenBee Cloud Backup, Expansion of the sales partner network and new sales channels, Strengthening the EMS cloud service using the Company's own battery storage facilities, External sales of EMS after verification at the Company's own battery storage facilities, Continued consideration of the next grid-scale battery storage project, Launch of AI-powered licensed products |
Items this document does not state (13)
Gross Profit MarginResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioCapital expendituresOrders received and order backlogMarket Size / Share
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 number of paid subscribers to GreenBee Cloud Backup increased in the DX services business, while revenue in the technology licensing business exceeded expectations. The service also contributed to operating income. In addition to the increase in operating income, interim net income reflected the recognition of deferred income taxes and other taxes.
How to read this page
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