Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-6.77
¥100 million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFY2026 Q2 and first half10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,937 million-8.1%
Operating profit¥-71 million-111.7%
Ordinary income¥-76 million-112.5%
Net income¥-72 million-117.3%
Gross Profit Margin28.9 %
Operating profit margin-1.8 %
Selling, general and administrative expenses¥1,207 million
Results for the three months of the current quarter
Net Sales
¥1,937 million-7.9%
Gross profit
¥565 million-29.3%
Selling, general and administrative expenses
¥647 million+6.9%
Operating profit
¥-81 million-141.9%
Ordinary income
¥-83 million-142.7%
Net income
¥-66 million-149.9%
Full-year earnings forecast
Net Sales
¥8,000 million
Operating profit
¥0 million
Ordinary income
¥-10 million
Profit attributable to owners of the parent
¥-383 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 Sales49.2 %
Operating profit-11.9 %
Ordinary income-12.9 %
Net income-18.5 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is progressing in line with plan; profit is below planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Sales
License revenue¥-511 million
Subscription Revenue¥123 million
Other¥212 million
Consulting revenue¥-350 million
Total¥-526 million
Cost of sales
Product development costs¥488 million
Consulting costs¥-362 million
Total¥126 million
Operating profit bridge
Product Services revenue, etc.¥-652 million
Professional Services revenue, etc.¥116 million
Personnel-related expenses¥-98 million
Other SG&A expenses¥-43 million
New initiatives
- Release and launch of sales of LaKeel Blu
- Release of LaKeel AI Platform and provision of overnight development functionality
- Development of Process/Microtask agents for LaKeel HR
- Launch of development of the tentatively named LaKeel Ontology Platform, an operating system for business operations
- Bringing forward the development of AI-related products and services and strengthening investment
Key KPIsA metric the company considers important as a management benchmark.
- Number of subscription users375 usersYear on year against the same period last year+2.2%
- Subscription revenue¥812 millionYear on year against the same period last year+18.3%
- MRR (monthly recurring revenue)¥138 millionYear on year against the same period last year+19.3%
- ARPU (average revenue per user)¥37 10,000Year on year against the same period last year+16.7%
- Equity ratio57.5 %Year on year against the same period last year-4.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of subscription users
375 users
Year on year against the same period last year+2.2%
ARPU
¥37 10,000
Year on year against the same period last year+16.7%
MRR
¥138 million
Year on year against the same period last year+19.3%
Segment results
Product Services
First-half revenue
¥2,280 million
Year on year against the same period last year-18.8%
Professional Services
First-half revenue
¥1,656 million
Year on year against the same period last year+12.1%
Licensing
First-half revenue
¥224 million
Year on year against the same period last year-69.5%
Subscription (LaKeel products)
First-half revenue
¥812 million
Year on year against the same period last year+18.3%
Consulting Services
First-half revenue
¥919 million
Year on year against the same period last year-27.6%
Flow Business Revenue
First-half revenue
¥425 million
Year on year against the same period last year+73.4%
Recurring Revenue
First-half revenue
¥1,230 million
Year on year against the same period last year-0.1%
Medium-term management plan targets
2027
Net Sales¥100 hundred million
Operating profit¥10 hundred million
2030
Net Sales¥200 hundred million
Operating profit¥30 hundred million
Financial targets
Equity ratio
202664.6 %
202766.7 %
202870.8 %
202975.4 %
ROE
20269.5 %
202714.8 %
202818.8 %
202919.8 %
203021.2 %
ROA
20266.2 %
20277.8 %
202810 %
202912.4 %
203015.6 %
Market Size / Share
Domestic DX + AI market
2025¥7.69 trillion
2030¥17.1 trillion
Global DX + AI market
2030¥964.5 trillion
Company target market
2030¥1.18 trillion
Number of employees
490 people
Record date31 December 2025
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | FY2026 Q2 and first half |
| Net Sales | ¥3,937 million (YoY -8.1%) |
| Operating profit | ¥-71 million (YoY -111.7%) |
| Ordinary income | ¥-76 million (YoY -112.5%) |
| Net income | ¥-72 million (YoY -117.3%) |
| Gross Profit Margin | 28.9 % |
| Operating profit margin | -1.8 % |
| Selling, general and administrative expenses | ¥1,207 million |
| Results for the three months of the current quarter | Net Sales ¥1,937 million (YoY -7.9%) / Gross profit ¥565 million (YoY -29.3%) / Selling, general and administrative expenses ¥647 million (YoY +6.9%) / Operating profit ¥-81 million (YoY -141.9%) / Ordinary income ¥-83 million (YoY -142.7%) / Net income ¥-66 million (YoY -149.9%) |
| Full-year earnings forecast | Net Sales ¥8,000 million / Operating profit ¥0 million / Ordinary income ¥-10 million / Profit attributable to owners of the parent ¥-383 million |
| Progress against full-year forecast | Net Sales 49.2 % / Operating profit -11.9 % / Ordinary income -12.9 % / Net income -18.5 % |
| Self-assessment against the plan | Revenue is progressing in line with plan; profit is below plan |
| Segment results | Product Services First-half revenue ¥2,280 million / yoy_pct -18.8 / Professional Services First-half revenue ¥1,656 million / yoy_pct 12.1 / Licensing First-half revenue ¥224 million / yoy_pct -69.5 / Subscription (LaKeel products) First-half revenue ¥812 million / yoy_pct 18.3 / Consulting Services First-half revenue ¥919 million / yoy_pct -27.6 / Flow Business Revenue First-half revenue ¥425 million / yoy_pct 73.4 / Recurring Revenue First-half revenue ¥1,230 million / yoy_pct -0.1 |
| Breakdown of Factors Affecting the Change | Sales License revenue ¥-511 million / Subscription Revenue ¥123 million / Other ¥212 million / Consulting revenue ¥-350 million / Total ¥-526 million / Cost of sales Product development costs ¥488 million / Consulting costs ¥-362 million / Total ¥126 million / Operating profit bridge Product Services revenue, etc. ¥-652 million / Professional Services revenue, etc. ¥116 million / Personnel-related expenses ¥-98 million / Other SG&A expenses ¥-43 million |
| Key KPIs | Number of subscription users 375 users, Subscription revenue ¥812 million, MRR (monthly recurring revenue) ¥138 million, ARPU (average revenue per user) ¥37 10,000, Equity ratio 57.5 % |
| Unit price and quantity metrics | Number of subscription users 375 users / ARPU ¥37 10,000 / MRR ¥138 million |
| Number of employees | 490 people |
| Medium-term management plan targets | 2027 Net Sales ¥100 hundred million / Operating profit ¥10 hundred million / 2030 Net Sales ¥200 hundred million / Operating profit ¥30 hundred million |
| Financial targets | Equity ratio 2026 64.6 % / 2027 66.7 % / 2028 70.8 % / 2029 75.4 % / 2030 Not disclosed / ROE 2026 9.5 % / 2027 14.8 % / 2028 18.8 % / 2029 19.8 % / 2030 21.2 % / ROA 2026 6.2 % / 2027 7.8 % / 2028 10 % / 2029 12.4 % / 2030 15.6 % |
| Market Size / Share | Domestic DX + AI market 2025 ¥7.69 trillion / 2030 ¥17.1 trillion / Global DX + AI market 2030 ¥964.5 trillion / Company target market 2030 ¥1.18 trillion |
| New initiatives | Release and launch of sales of LaKeel Blu, Release of LaKeel AI Platform and provision of overnight development functionality, Development of Process/Microtask agents for LaKeel HR, Launch of development of the tentatively named LaKeel Ontology Platform, an operating system for business operations, Bringing forward the development of AI-related products and services and strengthening investment |
Items this document does not state (9)
Number of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual 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.In Product Services, intensified price competition in the HR field resulted in lower revenue, as orders for new licenses and consulting services failed to grow. On the earnings side, the Company brought forward the development of AI-related products to respond to changes in market conditions, causing AI-related cost of sales, recruitment expenses, and training expenses to exceed plan. The Company also cited the expected recognition of head office relocation costs as an extraordinary loss as a reason for revising its net income forecast downward.
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.