Worth reading
64In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-21.9
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 September 2025 to 31 May 2026ConsolidatedJapanese GAAPNet Sales1,586million yenYear on year -21.9%Progress 65.3%
Operating profit-119million yen
Ordinary income-110million yen
Net income attributable to owners of the parent-29million yen
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥(5.67)
Financial position at period-end
Total assets2,423million yen
of which net assets 822 million yenEquity ratio 33.2%vs. prior year-end +2.6pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueIoT Integration Business 1,558.23 million yen, Other businesses 27.91 million yen
Segment profitIoT Integration Business -83.62 million yen, Other businesses -24.61 million yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales2,428 million yen (YoY -19.2%)
Operating profit56 million yen (YoY +12.9%)
Ordinary income61 million yen (YoY +13.1%)
Net income41 million yen
Revision to Earnings ForecastNo revision
Annual Dividend Forecast0 yen → 0 yen
Factors Behind Changes in Business Performance
Orders for mobility services did not grow as expected, resulting in a 1.0% year-on-year decline in revenue from the IoT Business Innovation business. Meanwhile, sales of BAIAS and GenVital LTE remained strong, and revenue from the Construction Solutions business increased 1.3% year on year. The newly consolidated 藤山水産加工 recorded a segment loss of ¥24.609 million.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name 株式会社藤山水産加工 / Excluded Number of companies 1 / Company name 株式会社パワーでんきイノベーション / Timing 29 August 2025
Material subsequent eventsGRIFFY, a consolidated subsidiary, acquired the weather information services business from 株式会社ライフビジネスウェザー on 1 July 2026 for ¥32.000 million. The amount of goodwill recognized and other details have not yet been determined.
Breakdown of extraordinary income (loss)Extraordinary income Gain on bargain purchase 87,057 thousand yen, Gain on sale of non-current assets 199 thousand yen / Extraordinary loss Loss on Disposal of Fixed Assets 995 thousand yen, Impairment Loss on Investment Securities 20,000 thousand yen
Depreciation and amortization106,698 thousand yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End5,280,400 Shares
Treasury Shares at Period-End113,447 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025 to 31 May 2026 |
| Net Sales | 1,586 million yen (YoY -21.9%) |
| Operating profit | -119 million yen |
| Ordinary income | -110 million yen |
| Profit attributable to owners of the parent | -29 million yen |
| Net income per share | ¥(5.67) |
| Equity ratio | End of the current fiscal period 33.2 / End of previous period 30.6 |
| Total assets | 2,423 million yen |
| Net assets | 822 million yen |
| Full-year earnings forecast | Net Sales 2,428 million yen (YoY -19.2%) / Operating profit 56 million yen (YoY +12.9%) / Ordinary income 61 million yen (YoY +13.1%) / Net income 41 million yen |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | 0 yen → 0 yen |
| Segment revenue | IoT Integration Business 1,558.23 million yen, Other businesses 27.91 million yen |
| Segment profit | IoT Integration Business -83.62 million yen, Other businesses -24.61 million yen |
| Depreciation and amortization | 106,698 thousand yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on bargain purchase 87,057 thousand yen, Gain on sale of non-current assets 199 thousand yen / Extraordinary loss Loss on Disposal of Fixed Assets 995 thousand yen, Impairment Loss on Investment Securities 20,000 thousand yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name 株式会社藤山水産加工 / Excluded Number of companies 1 / Company name 株式会社パワーでんきイノベーション / Timing 29 August 2025 |
| Material subsequent events | GRIFFY, a consolidated subsidiary, acquired the weather information services business from 株式会社ライフビジネスウェザー on 1 July 2026 for ¥32.000 million. The amount of goodwill recognized and other details have not yet been determined. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 5,280,400 Shares |
| Treasury Shares at Period-End | 113,447 Shares |
| Factors Behind Changes in Business Performance | Orders for mobility services did not grow as expected, resulting in a 1.0% year-on-year decline in revenue from the IoT Business Innovation business. Meanwhile, sales of BAIAS and GenVital LTE remained strong, and revenue from the Construction Solutions business increased 1.3% year on year. The newly consolidated 藤山水産加工 recorded a segment loss of ¥24.609 million. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Orders for mobility services did not grow as expected, while sales of the rebar inspection AR system "BAIAS" and the heatstroke-prevention solution "GenVital LTE" remained strong. In addition, the consolidation of 株式会社藤山水産加工 resulted in a segment loss of ¥24.609 million in the Other business.
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