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Financial results presentation3915TerraSky Co.,LtdInformation and Communications, Services and Others

Second Quarter Financial Results Presentation for the Fiscal Year Ending February 2027

For the first six months of the fiscal year ending February 2027, revenue and operating profit both significantly exceeded the year-earlier period and reached record highs, driven by higher orders, improved utilization rates and the effects of business reorganization. The full-year plan remains unchanged, and the company is aiming to achieve it as originally planned.

Worth reading
56In 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
3048
¥ million (year-on-year increase in consolidated net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending February 2027, second quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,365 million+22.9%
Operating profit¥1,361 million+117.3%
Ordinary income¥1,433 million+104.1%
Net income¥880 million +116.3%interim net income attributable to owners of the parent
Selling, general and administrative expensesAmount not stated
Gross Profit Margin
Rate28.3
Year-on-year change (points)2.1
Operating profit margin
Rate9.4
Year-on-year change (points)4.8
Results for the three months of the current quarter
Net Sales
¥8,419 million+25.4%
Operating profit
¥794 million+156.5%
Solutions business sales
¥7,817 million+25.5%
Product Business Net Sales
¥662 million+22.8%
Full-year earnings forecast
Net Sales
¥34,349 million
Operating profit
¥2,541 million
Ordinary income
¥2,628 million
Profit attributable to owners of the parent
¥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。
Net Sales47.6 %
Operating profit53.6 %
Ordinary income54.5 %
Profit attributable to owners of the parent57.7 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress was broadly in line with plan across the group. Revenue was 3.1% above the 2Q cumulative plan, while operating profit was 66.5% above plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated revenue
  • Strong order intake across the group
  • Increase in large projects
  • Demand centered on Salesforce and AWS
  • Product demand related to mitocoERP
Consolidated operating profit
  • Higher utilization rates in the Solutions business
  • Emergence of the effects of the group reorganization
  • The Products business turned profitable
Balance sheet
  • Increase in cash and deposits and accounts receivable due to higher revenue
  • Increase in investment securities due to the rise in share prices
New initiatives
  • Establishment and full-scale launch of the Consulting Headquarters
  • Full-scale launch of the AI-driven development model BLADE
  • Scheduled launch of the new BLADE product, “BLADE SAYA”
  • Expansion of collaboration with NTT DATA
  • Commencement of collaboration with ORIX Corporation
  • Cuon’s scheduled launch of the on-premises AI solution “Private AI Appliance”
  • BeeX’s reseller agreement for Anthropic’s “Claude”
  • Opening of satellite offices in regional areas and a regional recruitment model
Key KPIsA metric the company considers important as a management benchmark.
  • Salesforce ratio59.6 %
  • Subscription revenue growth rate14.6 %
    Year on year against the same period last year+14.6%
  • Subscription revenue ratio85.3 %
    Year on year against the same period last year91.8% of the year-earlier period
  • Engineer ratio (consolidated)
  • Ranking among companies with excellent workplace environments1 Out of 1,505 companies
  • Shortening of the requirements-definition to test-design period through BLADE adoption50 %
Segment results
Solutions Business
Net Sales
¥15,173 million+22.8%
Profit
¥2,044 million+37.4%
Products Business
Net Sales
¥1,312 million+23.4%
Profit
¥86 million
Year-on-year change167
Financial targets
Operating profit
¥2,500 million
Target fiscal yearEnd of the fiscal year ending February 2027
ROE
10 %
Target fiscal yearEnd of the fiscal year ending February 2027
Actual ROE
13.3 %
Reference dateEnd-February 2026
Market Size / Share
Japan's public cloud services market
2024¥41,423 100 million
2029 forecast¥88,164 100 million
2024-2029 CAGR¥16.3 100 million
Number of stores and locations
Opened 5 satellite offices nationwide (Joetsu, Akita, Morioka, Shimane and Kagoshima). The number of stores at period-end and the number of openings and closures during the period are Not disclosed.
Number of employees
Number of Employees1,738 people
Change during the periodUp 124 people from the end of the previous fiscal year
Hiring planFY2027 group employees: 1,871; 105 new graduates hired in April 2026
Annual Dividend
FY2027/2 forecast
Annual¥17 per share
Interim¥0 per share
End of period¥17 per share
Fiscal year ended February 2026 results
Annual¥16 per share
Interim¥0 per share
End of period¥16 per share
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending February 2027, second quarter
Net Sales¥16,365 million (YoY +22.9%)
Operating profit¥1,361 million (YoY +117.3%)
Ordinary income¥1,433 million (YoY +104.1%)
Net income¥880 million (interim net income attributable to owners of the parent) (YoY +116.3%)
Gross Profit MarginRate 28.3 / Year-on-year change (points) 2.1
Operating profit marginRate 9.4 / Year-on-year change (points) 4.8
Selling, general and administrative expenses非開示
Results for the three months of the current quarterNet Sales ¥8,419 million (YoY +25.4%) / Operating profit ¥794 million (YoY +156.5%) / Solutions business sales ¥7,817 million (YoY +25.5%) / Product Business Net Sales ¥662 million (YoY +22.8%)
Full-year earnings forecastNet Sales ¥34,349 million / Operating profit ¥2,541 million / Ordinary income ¥2,628 million / Profit attributable to owners of the parent ¥1,526 million / EPS ¥118.21
Progress against full-year forecastNet Sales 47.6 % / Operating profit 53.6 % / Ordinary income 54.5 % / Profit attributable to owners of the parent 57.7 %
Self-assessment against the planProgress was broadly in line with plan across the group. Revenue was 3.1% above the 2Q cumulative plan, while operating profit was 66.5% above plan.
Segment resultsSolutions Business Net Sales ¥15,173 million (YoY +22.8%) / Profit ¥2,044 million (YoY +37.4%) / Products Business Net Sales ¥1,312 million (YoY +23.4%) / Profit ¥86 million
Breakdown of Factors Affecting the ChangeConsolidated revenue Strong order intake across the group, Increase in large projects, Demand centered on Salesforce and AWS, Product demand related to mitocoERP / Consolidated operating profit Higher utilization rates in the Solutions business, Emergence of the effects of the group reorganization, The Products business turned profitable / Balance sheet Increase in cash and deposits and accounts receivable due to higher revenue, Increase in investment securities due to the rise in share prices
Key KPIsIndicator name Salesforce ratio / Value 59.6 % / Year on year against the same period last year Not disclosed, Indicator name Subscription revenue growth rate / Value 14.6 % / Year on year against the same period last year 14.6 %, Indicator name Subscription revenue ratio / Value 85.3 % / Year on year against the same period last year 91.8% of the year-earlier period, Indicator name Engineer ratio (consolidated) / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Ranking among companies with excellent workplace environments / Value 1 Out of 1,505 companies / Year on year against the same period last year Not disclosed, Indicator name Shortening of the requirements-definition to test-design period through BLADE adoption / Value 50 % / Year on year against the same period last year Not disclosed
Number of stores and locationsOpened 5 satellite offices nationwide (Joetsu, Akita, Morioka, Shimane and Kagoshima). The number of stores at period-end and the number of openings and closures during the period are Not disclosed.
Number of employeesNumber of Employees 1,738 people / Change during the period Up 124 people from the end of the previous fiscal year / Hiring plan FY2027 group employees: 1,871; 105 new graduates hired in April 2026
Financial targetsOperating profit ¥2,500 million / ROE 10 % / Actual ROE 13.3 %
Annual DividendFY2027/2 forecast Annual ¥17 per share / Interim ¥0 per share / End of period ¥17 per share / Fiscal year ended February 2026 results Annual ¥16 per share / Interim ¥0 per share / End of period ¥16 per share
Market Size / ShareJapan's public cloud services market 2024 ¥41,423 100 million / 2029 forecast ¥88,164 100 million / 2024-2029 CAGR ¥16.3 100 million
New initiativesEstablishment and full-scale launch of the Consulting Headquarters, Full-scale launch of the AI-driven development model BLADE, Scheduled launch of the new BLADE product, “BLADE SAYA”, Expansion of collaboration with NTT DATA, Commencement of collaboration with ORIX Corporation, Cuon’s scheduled launch of the on-premises AI solution “Private AI Appliance”, BeeX’s reseller agreement for Anthropic’s “Claude”, Opening of satellite offices in regional areas and a regional recruitment model
Items this document does not state (9)
Unit price and quantity metricsAssumptions 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.

Strong order intake across the group, an increase in large-scale projects, higher utilization rates in the Solutions business, the effects of the previous fiscal year's group reorganization, continued revenue growth in the Products business, and strong demand related to mitocoERP.

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Second Quarter Financial Results Presentation for the Fiscal Year Ending February 2027 | TerraSky Co.,Ltd (3915) timely disclosure | Komori