Worth reading
57In 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
450
¥ million (full-year forecast increases for operating income and ordinary income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥22,246 million+24.6%
Operating profit¥2,918 million+103.3%
Ordinary income¥2,956 million+93.6%
Net income¥1,847 million+94.9%
Operating profit margin13.1 %
Selling, general and administrative expenses¥3,135 million+11.5%
Results for the three months of the current quarterDescriptions are provided of standalone 3Q changes for VAD, SI and the internally developed business, among others, but standalone financial figures for the quarter are not disclosed
Full-year earnings forecast
Net Sales
¥30,000 million
Operating profit
¥3,050 million
Ordinary income
¥3,050 million
Profit attributable to owners of the parent
¥1,950 million
EPS
¥54.74
Annual dividend
¥28
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 Sales74.2 %
Operating profit95.7 %
Ordinary income96.9 %
Net income94.8 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly on track, with progress of 74.2% against the full-year forecast. Each profit line exceeded its forecast for the nine months ended 30 September.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in gross profit¥1,805 million
Higher SG&A Expenses¥-322 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The outlook factors in changes in the timing of revenue recognition due to semiconductor supply issues and other factors. Growth investments are expected in 4Q for stepped-up hiring, promotional activities for partners and M&A-related expenses, but the numerical assumptions are not disclosed.New initiatives
- Launch of category-filter functionality for RevoWorks ZONE
- Waiver of fees for exchanging shareholder benefits for digital gifts
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥6,846 millionYear on year against the same period last yearIncreased
- Order backlog¥15,799 million
- Period of continued growth in the backlog of stock-based service orders10 Consecutive quartersYear on year against the same period last yearIncreased
- RevoWorks implementations746 Deals
- Cumulative licenses for government and public-sector institutions150,000 Licenses+
Segment results
VAD
Net Sales
¥117.6 100 million+31.1%
Gross profit
¥31.3 100 million+39.5%
SI
Net Sales
¥77.9 100 million+12.1%
Gross profit
¥15.7 100 million+32.1%
Proprietary Development
Net Sales
¥13.2 100 million+56.0%
Gross profit
¥8.9 100 million+100.4%
Overseas
Net Sales
¥13.6 100 million+25.4%
Gross profit
¥4.4 100 million+23.8%
Orders received and order backlog
Orders received
¥6,846 million
Order backlog
¥15,799 million
Number of employees
709 People consolidated, as of 30 September 2026
Annual Dividend
¥28
End of period19
Payout ratio
50Gross profit
¥6,053 million+42.5%
margin_pct27.2
yoy_change_pt3.4
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥22,246 million (YoY +24.6%) |
| Operating profit | ¥2,918 million (YoY +103.3%) |
| Ordinary income | ¥2,956 million (YoY +93.6%) |
| Net income | ¥1,847 million (YoY +94.9%) |
| Gross profit | ¥6,053 million (YoY +42.5%) |
| Operating profit margin | 13.1 % |
| Selling, general and administrative expenses | ¥3,135 million (YoY +11.5%) |
| Results for the three months of the current quarter | Descriptions are provided of standalone 3Q changes for VAD, SI and the internally developed business, among others, but standalone financial figures for the quarter are not disclosed |
| Full-year earnings forecast | Net Sales ¥30,000 million / Operating profit ¥3,050 million / Ordinary income ¥3,050 million / Profit attributable to owners of the parent ¥1,950 million / EPS ¥54.74 / Annual dividend ¥28 |
| Progress against full-year forecast | Net Sales 74.2 % / Operating profit 95.7 % / Ordinary income 96.9 % / Net income 94.8 % |
| Self-assessment against the plan | Revenue was broadly on track, with progress of 74.2% against the full-year forecast. Each profit line exceeded its forecast for the nine months ended 30 September. |
| Segment results | VAD Net Sales ¥117.6 100 million (YoY +31.1%) / Gross profit ¥31.3 100 million (YoY +39.5%) / SI Net Sales ¥77.9 100 million (YoY +12.1%) / Gross profit ¥15.7 100 million (YoY +32.1%) / Proprietary Development Net Sales ¥13.2 100 million (YoY +56.0%) / Gross profit ¥8.9 100 million (YoY +100.4%) / Overseas Net Sales ¥13.6 100 million (YoY +25.4%) / Gross profit ¥4.4 100 million (YoY +23.8%) |
| Breakdown of Factors Affecting the Change | Increase in gross profit ¥1,805 million / Higher SG&A Expenses ¥-322 million |
| Key KPIs | Orders received ¥6,846 million, Order backlog ¥15,799 million, Period of continued growth in the backlog of stock-based service orders 10 Consecutive quarters, RevoWorks implementations 746 Deals, Cumulative licenses for government and public-sector institutions 150,000 Licenses+ |
| Number of employees | 709 People (consolidated, as of 30 September 2026) |
| Assumptions Underlying the Business Outlook | The outlook factors in changes in the timing of revenue recognition due to semiconductor supply issues and other factors. Growth investments are expected in 4Q for stepped-up hiring, promotional activities for partners and M&A-related expenses, but the numerical assumptions are not disclosed. |
| Annual Dividend | ¥28 |
| Payout ratio | 50 |
| Orders received and order backlog | Orders received ¥6,846 million / Order backlog ¥15,799 million |
| New initiatives | Launch of category-filter functionality for RevoWorks ZONE, Waiver of fees for exchanging shareholder benefits for digital gifts |
Items this document does not state (9)
Unit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresMarket 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 upside from the internally developed RevoWorks product and recurring revenue continued, as did the favourable variance in selling, general and administrative expenses. In the nine months ended 30 September, growth in GSS projects, security software, the internally developed business and support services, among others, contributed to higher revenue and earnings.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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