Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
186
¥ million (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationFirst quarter of the fiscal year ending June 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,105 million+9.7%
Operating profit¥-54 million
Ordinary income¥-55 million
Net income¥-46 million
Gross Profit Margin21.1 %
Selling, general and administrative expenses¥498 million
Full-year earnings forecast
Net Sales
¥9,909 million
Gross profit
¥2,414 million
Selling, general and administrative expenses
¥2,085 million
Operating profit
¥329 million
Ordinary income
¥324 million
Net income
¥194 million
EBITDA
¥411 million
Adjusted EBITDA
¥481 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 Sales21.3
Gross profit18.4
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly in line with budget, as was operating income excluding M&A-related expenses.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Year-on-year change in revenue¥186 million
- Year-on-year change in gross profit¥1 million
- Year-on-year change in SG&A expenses¥61 million
- M&A-Related Costs¥29 million
New initiatives
- Acquisition of all shares of 株式会社日本電気安全協会 and conversion into a wholly owned subsidiary
- Launch of the company-wide business transformation project “Basis X”
- Establishment of a dedicated M&A function and a Group Synergy Promotion Office
- New appointment of a person responsible for PMI
- Reorganization of service categories from a customer-based structure to a business-based structure
Key KPIsA metric the company considers important as a management benchmark.
- Adjusted EBITDA¥0.9 millionYear on year against the same period last yearDown ¥29 million year on year
- Number of contracted safety management engagements1,000 Approximately 1,000
- Number of engineers, including chief electrical engineers and others6 People
- Retention rate for safety management contracts100 Approximately 100% on a revenue basis
- Ratio of recurring revenue to total revenue70 At least 70%
Segment results
Single segment (Infrastructure Tech business). By service: IoT revenue of ¥744 million, 113.7% year on year; network revenue of ¥1,349 million, 107.1% year on year; SaaS revenue of ¥12 million, 286.8% year on yearMedium-term management plan targets
- ¥13.4 100 millionTargetFY30 adjusted EBITDA must-achieve targetTarget fiscal yearFY30
- ¥15 10 billion or moreTargetFY30 adjusted EBITDA challenge targetTarget fiscal yearFY30
Financial targets
Net Debt/adjusted EBITDA of 2.5x as a guideline, with up to 3.0x permitted immediately after an M&A transaction. Equity ratio was 52.3% at the end of FY27Q1Number of stores and locations
6 business locations. Locations opened or closed during the period: Not disclosedNumber of employees
560 people consolidated; as of 30 June 2026
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending June 2027 |
| Net Sales | ¥2,105 million (YoY +9.7%) |
| Operating profit | ¥-54 million |
| Ordinary income | ¥-55 million |
| Net income | ¥-46 million |
| Gross Profit Margin | 21.1 % |
| Selling, general and administrative expenses | ¥498 million |
| Full-year earnings forecast | Net Sales ¥9,909 million / Gross profit ¥2,414 million / Selling, general and administrative expenses ¥2,085 million / Operating profit ¥329 million / Ordinary income ¥324 million / Net income ¥194 million / EBITDA ¥411 million / Adjusted EBITDA ¥481 million |
| Progress against full-year forecast | Net Sales 21.3 / Gross profit 18.4 / Operating profit Not disclosed |
| Self-assessment against the plan | Revenue was broadly in line with budget, as was operating income excluding M&A-related expenses. |
| Segment results | Single segment (Infrastructure Tech business). By service: IoT revenue of ¥744 million, 113.7% year on year; network revenue of ¥1,349 million, 107.1% year on year; SaaS revenue of ¥12 million, 286.8% year on year |
| Breakdown of Factors Affecting the Change | Factors Year-on-year change in revenue / Amount ¥186 million, Factors Year-on-year change in gross profit / Amount ¥1 million, Factors Year-on-year change in SG&A expenses / Amount ¥61 million, Factors M&A-Related Costs / Amount ¥29 million |
| Key KPIs | Indicator name Adjusted EBITDA / Value ¥0.9 million / Year on year against the same period last year Down ¥29 million year on year, Indicator name Number of contracted safety management engagements / Value 1,000 Approximately 1,000 / Year on year against the same period last year Not disclosed, Indicator name Number of engineers, including chief electrical engineers and others / Value 6 People / Year on year against the same period last year Not disclosed, Indicator name Retention rate for safety management contracts / Value 100 Approximately 100% (on a revenue basis) / Year on year against the same period last year Not disclosed, Indicator name Ratio of recurring revenue to total revenue / Value 70 At least 70% / Year on year against the same period last year Not disclosed |
| Number of stores and locations | 6 business locations. Locations opened or closed during the period: Not disclosed |
| Number of employees | 560 people (consolidated; as of 30 June 2026) |
| Medium-term management plan targets | ¥13.4 100 million, ¥15 10 billion or more |
| Financial targets | Net Debt/adjusted EBITDA of 2.5x as a guideline, with up to 3.0x permitted immediately after an M&A transaction. Equity ratio was 52.3% at the end of FY27Q1 |
| New initiatives | Acquisition of all shares of 株式会社日本電気安全協会 and conversion into a wholly owned subsidiary, Launch of the company-wide business transformation project “Basis X”, Establishment of a dedicated M&A function and a Group Synergy Promotion Office, New appointment of a person responsible for PMI, Reorganization of service categories from a customer-based structure to a business-based structure |
Items this document does not state (12)
Operating profit marginResults for the three months of the current quarterUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.Acceptance inspections for large-scale Wi-Fi construction projects and on-site surveys and radio-wave measurement projects for telecommunications carriers contributed to sales, while additional costs arose on some large-scale construction and inspection projects. SG&A expenses also increased due to M&A-related expenses and expenses related to AX initiatives and branding.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.