Results for this period
Interim period (second quarter)1 October 2025–31 March 2026ConsolidatedIFRSThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Business selection and concentration, including withdrawal from unprofitable businesses and services, a shift in the business focus from DX to AX, the launch of generative AI-native applications, and the acquisition of high-priced, highly profitable projects in the BPO business. Revenue from SES decreased 3.7% from the previous fiscal year due to a shortage of IT personnel.
No applicable matters ("There are no applicable matters")
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025–31 March 2026 |
| Net Sales | ¥2,083 million (YoY -5.1%) |
| Operating profit | ¥7 million (YoY -96.0%) |
| Ordinary income | ¥-1 million |
| Profit attributable to owners of the parent | ¥-56 million |
| Net income per share | △¥9.28 |
| Equity ratio | End of the current fiscal period 47.2 / End of previous period 44.1 |
| Total assets | ¥3,624 million |
| Net assets | ¥1,712 million |
| Cash flows from operating activities | ¥129,576 thousand |
| Cash flows from investing activities | ¥-216,208 thousand |
| Cash flows from financing activities | ¥-201,664 thousand |
| Cash and cash equivalents at end of period | ¥1,073,595 thousand |
| Annual Dividend Forecast | ¥0 → ¥0 |
| Segment revenue | DX Business ¥1,027,566 thousand (YoY -4.3%), BPO Services ¥1,055,751 thousand (YoY -5.9%) |
| Segment profit | DX Business ¥224,148 thousand (YoY -17.6%), BPO Services ¥90,944 thousand (YoY -39.6%) |
| Depreciation and amortization | 133,985 Thousands of yen (depreciation and amortization) |
| Breakdown of extraordinary income (loss) | Loss on relocation of headquarters: ¥22,509 thousand (reported as an adjustment item in the statement of cash flows; no extraordinary income or loss section is presented in the income statement) |
| Disclosure regarding the going concern assumption | No applicable matters ("There are no applicable matters") |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | 0 additions and 0 exclusions (no company names applicable) |
| Material subsequent events | An absorption-type merger was conducted, effective 1 May 2026, with Headwaters Co.,Ltd as the surviving company and BBD Initiative as the dissolved company. BBD Initiative's shares were delisted on 28 April 2026, and the company was dissolved on 1 May 2026. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no eligible attendees) |
| Issued Shares at Period-End | 6,120,221 |
| Treasury Shares at Period-End | 339 |
| Factors Behind Changes in Business Performance | Business selection and concentration, including withdrawal from unprofitable businesses and services, a shift in the business focus from DX to AX, the launch of generative AI-native applications, and the acquisition of high-priced, highly profitable projects in the BPO business. Revenue from SES decreased 3.7% from the previous fiscal year due to a shortage of IT personnel. |
Items this document does not state (8)
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 company pursued business selection and concentration, including withdrawal from unprofitable businesses and services, and shifted its business focus from DX to AX. In the BPO business, the acquisition of high-priced, highly profitable projects contributed to improved profitability, while revenue from SES decreased 3.7% from the previous fiscal year due to a shortage of IT personnel.