Worth reading
60In 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
351
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,244 million+39.3%
Operating profit¥35 million
Ordinary income¥36 million
Net income¥19 million
Gross Profit Margin24.4%
Operating profit margin2.9%
Selling, general and administrative expenses¥267 million
Results for the three months of the current quarterRevenue of ¥1,244 million, gross profit of ¥303 million, EBITDA of ¥105 million, operating profit of ¥35 million, ordinary profit of ¥36 million, and net profit of ¥19 million.
Full-year earnings forecast
Net Sales
¥5,700 million
Operating profit
¥480 million
Ordinary income
¥480 million
Net income attributable to owners of the parent
¥300 million
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 Sales21.8%
Operating profit7.3%
Ordinary income7.5%
Net income attributable to owners of the parent6.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is tracking in line with the plan. The shift toward a stock-based revenue structure is progressing faster than planned.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue increase+¥351 million
- Increase in direct project costs+¥186 million
- Increase in common costs+¥35 million
- Decrease in provision for contract losses-¥35 million
- Increase in SG&A expenses+¥39 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsCommencement of operations and monetization of projects scheduled for the second half
- AssumptionsConcentration of operating profit in the second half
New initiatives
- Capital and business alliance with Tokai Tokyo Financial Holdings
- Global rollout of a securities white-label service through a business alliance with US-based Alpaca
- Launch of a new system for Monex Securities' US stock trading service
- Joint rollout of AI × on-chain financial infrastructure through a capital and business alliance with THXLAB
- Provision of a toku-chain-based gift distribution solution to Traders Securities
Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue ratio45.6%
- Orders received, accepted orders, and high- and medium-probability proposed projects240 Engagements
- High- and medium-probability projects currently under proposal125 Engagements
- Coverage ratio of the consolidated plan by standalone TW results72.6%Year on year against the same period last year+4.4pt
- EBITDA margin8.4%
Medium-term management plan targets
The company states that it will build a customer base and an asset base in preparation for formulating the next medium-term management plan. Numerical targets are Not disclosed.Financial targets
Equity ratio
Actual results64.3%
Orders received and order backlog
Orders received, accepted orders, and high- and medium-probability proposed projects: ¥4,139 million. The order backlog is Not disclosed.Number of employees
Staff reinforcement was mentioned, but the number of employees is Not disclosedAnnual Dividend
Annual dividend per share¥2 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥1,244 million (YoY +39.3%) |
| Operating profit | ¥35 million |
| Ordinary income | ¥36 million |
| Net income | ¥19 million |
| Gross Profit Margin | 24.4% |
| Operating profit margin | 2.9% |
| Selling, general and administrative expenses | ¥267 million |
| Results for the three months of the current quarter | Revenue of ¥1,244 million, gross profit of ¥303 million, EBITDA of ¥105 million, operating profit of ¥35 million, ordinary profit of ¥36 million, and net profit of ¥19 million. |
| Full-year earnings forecast | Net Sales ¥5,700 million / Operating profit ¥480 million / Ordinary income ¥480 million / Net income attributable to owners of the parent ¥300 million |
| Progress against full-year forecast | Net Sales 21.8% / Operating profit 7.3% / Ordinary income 7.5% / Net income attributable to owners of the parent 6.3% |
| Self-assessment against the plan | Revenue is tracking in line with the plan. The shift toward a stock-based revenue structure is progressing faster than planned. |
| Breakdown of Factors Affecting the Change | Factors Revenue increase / Amount +¥351 million, Factors Increase in direct project costs / Amount +¥186 million, Factors Increase in common costs / Amount +¥35 million, Factors Decrease in provision for contract losses / Amount -¥35 million, Factors Increase in SG&A expenses / Amount +¥39 million |
| Key KPIs | Indicator name Recurring revenue ratio / Value 45.6% / Year on year against the same period last year Not disclosed, Indicator name Orders received, accepted orders, and high- and medium-probability proposed projects / Value 240 Engagements / Year on year against the same period last year Not disclosed, Indicator name High- and medium-probability projects currently under proposal / Value 125 Engagements / Year on year against the same period last year Not disclosed, Indicator name Coverage ratio of the consolidated plan by standalone TW results / Value 72.6% / Year on year against the same period last year +4.4pt, Indicator name EBITDA margin / Value 8.4% / Year on year against the same period last year Not disclosed |
| Number of employees | Staff reinforcement was mentioned, but the number of employees is Not disclosed |
| Assumptions Underlying the Business Outlook | Assumptions Commencement of operations and monetization of projects scheduled for the second half / Figures Not disclosed, Assumptions Concentration of operating profit in the second half / Figures Not disclosed |
| Medium-term management plan targets | The company states that it will build a customer base and an asset base in preparation for formulating the next medium-term management plan. Numerical targets are Not disclosed. |
| Financial targets | Equity ratio Actual results 64.3% / Target Not disclosed / ROE Not disclosed |
| Annual Dividend | Annual dividend per share ¥2 per share / Interim Not disclosed / End of period Not disclosed |
| Orders received and order backlog | Orders received, accepted orders, and high- and medium-probability proposed projects: ¥4,139 million. The order backlog is Not disclosed. |
| New initiatives | Capital and business alliance with Tokai Tokyo Financial Holdings, Global rollout of a securities white-label service through a business alliance with US-based Alpaca, Launch of a new system for Monex Securities' US stock trading service, Joint rollout of AI × on-chain financial infrastructure through a capital and business alliance with THXLAB, Provision of a toku-chain-based gift distribution solution to Traders Securities |
Items this document does not state (9)
Segment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition 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.Profit improvement was driven by a review of sales prices, tighter cost management, and the containment of unprofitable projects through the promotion of DX. The reduction in the provision for contract loss also made a significant contribution to the improvement in gross profit. SG&A expenses increased due to upfront investments, including system investment and staff reinforcement.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.