Worth reading
48Recurring
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
1.5
Percentage points (year-on-year improvement in the consolidated gross profit margin)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFY ending August 2026, third quarter6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,586 million-21.9%
Operating profit¥-119 million
Net income¥-29 million
Gross Profit Margin38.6 %
Operating profit margin-7.6 %
Full-year earnings forecast
EBITDA
¥182 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue for Q3 FY2025¥2,030 million
- IoT Business Innovation¥-447 million
- Construction Solutions¥10 million
- Other businesses, etc.¥-7 million
New initiatives
- Commercial deployment and feature expansion of the edge AI road-surface analysis solution Miruroad
- Participation in the Acquisition, Technology & Logistics Agency's research project on maritime surveillance and control systems
- Added crouching detection, AI advice and direct integration features to GenVital LTE
- Development of an integrated system linking GenVital LTE with the FACEma facial recognition system
- Launch of the AI intrusion detection solution PROLICA LIGHT
- Began operating Fujiyama Suisan Kako as a demonstration site for fisheries DX and physical AI
Key KPIsA metric the company considers important as a management benchmark.
- GenVital LTE deployments4,500 UnitsYear on year against the same period last yearApproximately doubled (2,300 units in the previous year)
- ゆりもっと implementation track record3,222 locations
- 現場ロイド implementation track record24,451 Engagements
- Implementation track record for DX services for construction sites20,000 Cases or more
Segment results
- IoT Business InnovationNet Sales¥27 million
- Construction SolutionsNet Sales¥764 million
- Other businessesNet Sales¥793 million
Market Size / Share
- Domestic IoT marketFigures¥6.9 trillion in 2023 → ¥10.1 trillion in 2028CAGR8.0%
- Domestic AI systems marketFigures¥1.3 trillion in 2024 → ¥4.2 trillion in 2029CAGR25.6%
- Global physical AI marketFigures¥12.2 trillion in 2025 → ¥144 trillion in 2033CAGR36.1%
- Domestic construction technology marketFigures¥184.5 billion in 2023 → ¥304.3 billion in 2030CAGR7.4%
Number of employees
Number of Employees135 people 22 temporary employees
Reference dateEnd of May 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | FY ending August 2026, third quarter |
| Net Sales | ¥1,586 million (YoY -21.9%) |
| Operating profit | ¥-119 million |
| Net income | ¥-29 million |
| Gross Profit Margin | 38.6 % |
| Operating profit margin | -7.6 % |
| Full-year earnings forecast | EBITDA ¥182 million |
| Segment results | Segment IoT Business Innovation / Net Sales ¥27 million / Year on year against the same period last year Not disclosed, Segment Construction Solutions / Net Sales ¥764 million / Year on year against the same period last year Not disclosed, Segment Other businesses / Net Sales ¥793 million / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Revenue for Q3 FY2025 / Amount ¥2,030 million, Factors IoT Business Innovation / Amount ¥-447 million, Factors Construction Solutions / Amount ¥10 million, Factors Other businesses, etc. / Amount ¥-7 million |
| Key KPIs | Indicator name GenVital LTE deployments / Value 4,500 Units / Year on year against the same period last year Approximately doubled (2,300 units in the previous year), Indicator name ゆりもっと implementation track record / Value 3,222 locations / Year on year against the same period last year Not disclosed, Indicator name 現場ロイド implementation track record / Value 24,451 Engagements / Year on year against the same period last year Not disclosed, Indicator name Implementation track record for DX services for construction sites / Value 20,000 Cases or more / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 135 people (22 temporary employees) / Reference date End of May 2026 |
| Market Size / Share | Market Domestic IoT market / Figures ¥6.9 trillion in 2023 → ¥10.1 trillion in 2028 / CAGR 8.0%, Market Domestic AI systems market / Figures ¥1.3 trillion in 2024 → ¥4.2 trillion in 2029 / CAGR 25.6%, Market Global physical AI market / Figures ¥12.2 trillion in 2025 → ¥144 trillion in 2033 / CAGR 36.1%, Market Domestic construction technology market / Figures ¥184.5 billion in 2023 → ¥304.3 billion in 2030 / CAGR 7.4% |
| New initiatives | Commercial deployment and feature expansion of the edge AI road-surface analysis solution Miruroad, Participation in the Acquisition, Technology & Logistics Agency's research project on maritime surveillance and control systems, Added crouching detection, AI advice and direct integration features to GenVital LTE, Development of an integrated system linking GenVital LTE with the FACEma facial recognition system, Launch of the AI intrusion detection solution PROLICA LIGHT, Began operating Fujiyama Suisan Kako as a demonstration site for fisheries DX and physical AI |
Items this document does not state (17)
Ordinary incomeSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout 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.Revenue declined following the deconsolidation of Power Denki Innovation, while the gross profit margin improved as the cost ratio decreased. Net income also improved due to the recognition of a gain on negative goodwill associated with the acquisition of Fujiyama Suisan Kako. In Construction Solution, AI-related projects, G-Wave, GenVital LTE and BAIAS performed well. In IoT Business Innovation, however, the project with KDDI remained at the proof-of-concept development stage, and the segment also struggled to generate new projects.
How to read this page
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