Worth reading
57In focus
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
22.4
%Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFull fiscal year ended February 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥28,056 million+13.5%
Operating profit¥1,560 million+7.4%
Ordinary income¥1,727 million+7.7%
Net income¥1,572 million+54.4%
Gross Profit Margin26.6%
Operating profit margin5.6%
Selling, general and administrative expenses¥5,912 million
Results for the three months of the current quarter
Net Sales
¥7,740 million
Operating profit
¥691 million
Ordinary income
¥711 million
Net income
¥502 million
Solutions Business
Net Sales
¥7,191 million
Segment profit
¥1,083 million
Products Business
Net Sales
¥604 million
Segment loss
¥-9 million
Full-year earnings forecast
Fiscal year ending February 2027
Net Sales
¥34,349 million
Operating profit
¥2,541 million
Ordinary income
¥2,628 million
Net income
¥1,526 million
EPS
¥118.21
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。
Fiscal year ended February 2026
Net Sales100.6%
Operating profit111.2%
Ordinary income116.2%
Net income115.1%
EPS115.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue came in above plan at 100.6% of the target, while operating profit reached 111.2% of the targetNew initiatives
- Establishment of the Consulting Division
- Expansion of collaboration with NTT DATA
- Utilization of the partnership with Mizuho Bank
- Opening satellite offices at 5 regional locations
- Group reorganization, including the absorption and merger of subsidiaries, conversion of subsidiaries into consolidated subsidiaries, and dissolution of the U.S. subsidiary
- Strengthening of AI-related products
Key KPIsA metric the company considers important as a management benchmark.
- Salesforce ratio60.3%
- Solution business repeat rate83.1%
- Product business subscription ratio89.6%Year on year against the same period last year-3.9pp
- Engineer ratioApproximately 74.8%
- EBITDA¥2,311 millionYear on year against the same period last year+18.0%
- ROE13.3 %
Segment results
Solutions Business
Net Sales
¥26,020 million+13.4%
Segment profit
¥3,213 million+9.7%
Products Business
Net Sales
¥2,254 million+14.2%
Segment loss
¥-126 million
Year-on-year change-¥57 million
Financial targets
End of the fiscal year ending February 2027
Operating profit
¥25 100 million
ROE
10 %
Cost of capitalApproximately 7%
Market Size / Share
Japan's public cloud services market
2024¥41,423 100 million
2029 forecast¥88,164 100 million
2024-2029 CAGR16.3%
Number of employees
Number of Employees1,614 people
Year-on-year change142 people
Hiring plan104 accepted offers for new graduates joining in April 2026; FY2027 plan: 1,871 employees
Annual Dividend
Fiscal year ended February 2026
Annual¥16 per share
End of period¥16 per share
FY2027/2 forecast
Annual¥17 per share
End of period¥17 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Full fiscal year ended February 2026 |
| Net Sales | ¥28,056 million (YoY +13.5%) |
| Operating profit | ¥1,560 million (YoY +7.4%) |
| Ordinary income | ¥1,727 million (YoY +7.7%) |
| Net income | ¥1,572 million (YoY +54.4%) |
| Gross Profit Margin | 26.6% |
| Operating profit margin | 5.6% |
| Selling, general and administrative expenses | ¥5,912 million |
| Results for the three months of the current quarter | Net Sales ¥7,740 million / Operating profit ¥691 million / Ordinary income ¥711 million / Net income ¥502 million / Solutions Business Net Sales ¥7,191 million / Segment profit ¥1,083 million / Products Business Net Sales ¥604 million / Segment loss ¥-9 million |
| Full-year earnings forecast | Fiscal year ending February 2027 Net Sales ¥34,349 million / Operating profit ¥2,541 million / Ordinary income ¥2,628 million / Net income ¥1,526 million / EPS ¥118.21 |
| Progress against full-year forecast | Fiscal year ended February 2026 Net Sales 100.6% / Operating profit 111.2% / Ordinary income 116.2% / Net income 115.1% / EPS 115.0% |
| Self-assessment against the plan | Revenue came in above plan at 100.6% of the target, while operating profit reached 111.2% of the target |
| Segment results | Solutions Business Net Sales ¥26,020 million (YoY +13.4%) / Segment profit ¥3,213 million (YoY +9.7%) / Products Business Net Sales ¥2,254 million (YoY +14.2%) / Segment loss ¥-126 million |
| Key KPIs | Indicator name Salesforce ratio / Value 60.3% / Year on year against the same period last year Not disclosed, Indicator name Solution business repeat rate / Value 83.1% / Year on year against the same period last year Not disclosed, Indicator name Product business subscription ratio / Value 89.6% / Year on year against the same period last year -3.9pp, Indicator name Engineer ratio / Value Approximately 74.8% / Year on year against the same period last year Not disclosed, Indicator name EBITDA / Value ¥2,311 million / Year on year against the same period last year ¥18 million, Indicator name ROE / Value 13.3 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 1,614 people / Year-on-year change 142 people / Hiring plan 104 accepted offers for new graduates joining in April 2026; FY2027 plan: 1,871 employees |
| Financial targets | End of the fiscal year ending February 2027 Operating profit ¥25 100 million / ROE 10 % / Cost of capital Approximately 7% |
| Annual Dividend | Fiscal year ended February 2026 Annual ¥16 per share / Interim Not disclosed / End of period ¥16 per share / FY2027/2 forecast Annual ¥17 per share / Interim Not disclosed / End of period ¥17 per share |
| Market Size / Share | Japan's public cloud services market 2024 ¥41,423 100 million / 2029 forecast ¥88,164 100 million / 2024-2029 CAGR 16.3% |
| New initiatives | Establishment of the Consulting Division, Expansion of collaboration with NTT DATA, Utilization of the partnership with Mizuho Bank, Opening satellite offices at 5 regional locations, Group reorganization, including the absorption and merger of subsidiaries, conversion of subsidiaries into consolidated subsidiaries, and dissolution of the U.S. subsidiary, Strengthening of AI-related products |
Items this document does not state (11)
Breakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition 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.For the fiscal year ended February 2026, results benefited from growth in Japan's DX market, subsidiary growth, improved management efficiency from the group reorganization, and cost improvements. For the fiscal year ending February 2027, the company expects large-scale projects from collaboration with NTT DATA, its partnership with Mizuho Bank, group reorganization, higher margins from larger projects, and a reduction in large-scale events and expenses.
How to read this page
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