Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
329
¥ million (adjusted EBITDA)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,631 million-12.0%
Operating profit¥242 million-25.0%
Net income¥190 million
Selling, general and administrative expenses¥2,027 million
Results for the three months of the current quarter
Net Sales
¥1,285 million-10.0%
Operating profit
¥192 million+55.0%
Adjusted EBITDA
¥251 million+90.0%
Full-year earnings forecast
Adjusted EBITDA
¥655 million
Net income
¥550 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。
Adjusted EBITDA50
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadily against the full-year forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Adjusted EBITDA
Increase vs. the previous-year period, excluding one-off items¥250 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Continued caution in acquiring new customers for new electricity providersNew initiatives
- Making ダーウィン a wholly owned subsidiary and making joint proposals for electricity switching and inspections
- A 19.89% investment in Flight PILOT and acquisition of AI inspection software
- Transfer of the consumer offline electricity-switching business to ポート社
- Acquisition of 3,245,700 treasury shares for approximately ¥1 billion
- Implementation of the Next Career Support Program
- Concentration of resources on CIS development
Key KPIsA metric the company considers important as a management benchmark.
- Corporate recurring revenue¥690 millionYear on year against the same period last year+25.0%
- Number of continuing corporate locations18,694 EngagementsYear on year against the same period last year+11.0%
- Number of continuing consumer users250,000 Engagements
- Consumer recurring ARPU679 YenYear on year against the same period last year+6.0%
- Number of SaaS and system development customers44 companiesYear on year against the same period last year+2.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of continuing consumer users250,000 Engagements
- Consumer recurring ARPU679 Yen
- Number of continuing corporate locations18,694 Engagements
- Corporate recurring ARPU20,176 Yen
Medium-term management plan targets
Adjusted EBITDA
FY27¥12.5 100 million
FY28 and beyond
50〜100
Financial targets
ROEEstimated at approximately 14% after the share buyback
Equity ratio
End-June 202669.1 %
End-September 202661.9 %
Market Size / Share
Emergency generator inspectionApproximately ¥290 billion
Electrical safetyApproximately ¥250.0 billion
Next-generation infrastructure inspectionApproximately ¥100.0 billion
TotalApproximately ¥640 billion
Number of stores and locations
End of period18,694 Engagements
Number of employees
Changes during the period and hiring planApproximately 40 people are eligible for the Next Career Support Program
Acquisition of treasury shares
Number of shares acquired3,245,700 Shares
Acquisition priceApproximately ¥1 billion
PeriodAugust 2026, acquisition completed
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥2,631 million (YoY -12.0%) |
| Operating profit | ¥242 million (YoY -25.0%) |
| Net income | ¥190 million |
| Selling, general and administrative expenses | ¥2,027 million |
| Results for the three months of the current quarter | Net Sales ¥1,285 million (YoY -10.0%) / Operating profit ¥192 million (YoY +55.0%) / Adjusted EBITDA ¥251 million (YoY +90.0%) |
| Full-year earnings forecast | Adjusted EBITDA ¥655 million / Net income ¥550 million |
| Progress against full-year forecast | Adjusted EBITDA 50 |
| Self-assessment against the plan | Progressing steadily against the full-year forecast |
| Breakdown of Factors Affecting the Change | Adjusted EBITDA Increase vs. the previous-year period, excluding one-off items ¥250 million |
| Key KPIs | Corporate recurring revenue ¥690 million, Number of continuing corporate locations 18,694 Engagements, Number of continuing consumer users 250,000 Engagements, Consumer recurring ARPU 679 Yen, Number of SaaS and system development customers 44 companies |
| Unit price and quantity metrics | Number of continuing consumer users 250,000 Engagements, Consumer recurring ARPU 679 Yen, Number of continuing corporate locations 18,694 Engagements, Corporate recurring ARPU 20,176 Yen |
| Number of stores and locations | End of period 18,694 Engagements / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees Not disclosed / Changes during the period and hiring plan Approximately 40 people are eligible for the Next Career Support Program |
| Assumptions Underlying the Business Outlook | Continued caution in acquiring new customers for new electricity providers |
| Medium-term management plan targets | Adjusted EBITDA FY27 ¥12.5 100 million / FY28 and beyond 50〜100 |
| Financial targets | ROE Estimated at approximately 14% after the share buyback / Equity ratio End-June 2026 69.1 % / End-September 2026 61.9 % |
| Acquisition of treasury shares | Number of shares acquired 3,245,700 Shares / Acquisition price Approximately ¥1 billion / Period August 2026, acquisition completed |
| Market Size / Share | Emergency generator inspection Approximately ¥290 billion / Electrical safety Approximately ¥250.0 billion / Next-generation infrastructure inspection Approximately ¥100.0 billion / Total Approximately ¥640 billion |
| New initiatives | Making ダーウィン a wholly owned subsidiary and making joint proposals for electricity switching and inspections, A 19.89% investment in Flight PILOT and acquisition of AI inspection software, Transfer of the consumer offline electricity-switching business to ポート社, Acquisition of 3,245,700 treasury shares for approximately ¥1 billion, Implementation of the Next Career Support Program, Concentration of resources on CIS development |
Items this document does not state (10)
Ordinary incomeGross Profit MarginOperating profit marginSegment resultsRisk amount incorporated into the outlookAnnual DividendPayout ratioCapital 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.This was due to the accumulation of recurring revenue from electricity switching for corporate customers, a review of the customer acquisition strategy and optimization of advertising expenses for offline consumer channels, and the concentration of completion of performance obligations for SaaS and system development projects, including orders received in previous fiscal years. As cautious customer acquisition for new electricity providers continues, the company's full-year forecast was maintained.
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