Worth reading
52Recurring
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
104
¥ millions (improvement in operating loss)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,015 million+46.8%
Operating profit¥-70 million operating loss
Ordinary income¥-71 million -62.2%ordinary loss
Net income¥-72 million -66.9%net loss
Gross Profit Margin37.8
Selling, general and administrative expenses¥454 million
Operating profit marginNot disclosed for the full year; 4.7% for the fourth quarter alone
Results for the three months of the current quarter
Net Sales
¥379 million+71.5%
Gross profit
¥133 million+101.8%
Operating profit
¥18 million
Ordinary income
¥17 million
Net income
¥17 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
1,500～1,600
Operating profit
30～40
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。
Fiscal year ending March 2026
Net Sales92.2～96.6%
Operating profit71.4～100.0%
Revenue growth rate KPI90.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue growth fell short of target, while stock revenue and the monthly churn rate met the disclosed forecasts and MRR was broadly in line with target. The software business fell short of its operating profit plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Continued growth in licenses and price increases, improved profitability in the solutions business, revenue growth in the hardware business, cost management and a review of contract terms, and deeper engagement with existing customers. Amounts by factor are not disclosed.
New initiatives
- Capital and business alliance with アールデバイス
- Launch of VoX Live, a live-streaming and program production service
- Full-scale entry into the AI data center business and launch of GPU cloud services
- Expansion of the AI business centered on Discoveriez AI and voice AI
- Acceleration of business alliances, investment in new businesses, and stronger recruitment and acquihiring
Key KPIsA metric the company considers important as a management benchmark.
- Stock revenue¥465 million
- Cloud MRR growth rate16 %
- Cloud revenue ratio85.8 %
- SRM Design Lab revenue growth rate231.4 %
- Churn rate0.74 %
- Discoveriez gross profit growth rate39.4 %
- SRM Design Lab gross profit growth rate713.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The company refers to higher average revenue per customer, continued license growth and price increases, but specific figures for pricing and volume are not disclosed.Segment results
Because the company has a single reporting segment, segment-level figures are not disclosed. Qualitative commentary by business describes improved profitability in the software, solutions and hardware businesses.Medium-term management plan targets
Target fiscal yearFY2028 (fiscal year ending March 2028)
Net Sales¥2,500 million or more
Operating profit¥90 million or more
Sales growth rateCAGR+50%
Stock revenue ratio40% or more
Monthly average revenue per customer¥1 million or more per month
Churn rateBelow 0.8%
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥1,015 million (YoY +46.8%) |
| Operating profit | ¥-70 million (operating loss) |
| Ordinary income | ¥-71 million (ordinary loss) (YoY -62.2%) |
| Net income | ¥-72 million (net loss) (YoY -66.9%) |
| Gross Profit Margin | 37.8 |
| Operating profit margin | Not disclosed for the full year; 4.7% for the fourth quarter alone |
| Selling, general and administrative expenses | ¥454 million |
| Results for the three months of the current quarter | Net Sales ¥379 million (YoY +71.5%) / Gross profit ¥133 million (YoY +101.8%) / Operating profit ¥18 million / Ordinary income ¥17 million / Net income ¥17 million |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales 1,500～1,600 / Operating profit 30～40 / Ordinary income Not disclosed / Net income Not disclosed |
| Progress against full-year forecast | Fiscal year ending March 2026 Net Sales 92.2～96.6% / Operating profit 71.4～100.0% / Revenue growth rate KPI 90.4% |
| Self-assessment against the plan | Revenue growth fell short of target, while stock revenue and the monthly churn rate met the disclosed forecasts and MRR was broadly in line with target. The software business fell short of its operating profit plan. |
| Segment results | Because the company has a single reporting segment, segment-level figures are not disclosed. Qualitative commentary by business describes improved profitability in the software, solutions and hardware businesses. |
| Breakdown of Factors Affecting the Change | Continued growth in licenses and price increases, improved profitability in the solutions business, revenue growth in the hardware business, cost management and a review of contract terms, and deeper engagement with existing customers. Amounts by factor are not disclosed. |
| Key KPIs | Stock revenue ¥465 million, Cloud MRR growth rate 16 %, Cloud revenue ratio 85.8 %, SRM Design Lab revenue growth rate 231.4 %, Churn rate 0.74 %, Discoveriez gross profit growth rate 39.4 %, SRM Design Lab gross profit growth rate 713.4 % |
| Unit price and quantity metrics | The company refers to higher average revenue per customer, continued license growth and price increases, but specific figures for pricing and volume are not disclosed. |
| Medium-term management plan targets | Target fiscal year FY2028 (fiscal year ending March 2028) / Net Sales ¥2,500 million or more / Operating profit ¥90 million or more / Sales growth rate CAGR+50% / Stock revenue ratio 40% or more / Monthly average revenue per customer ¥1 million or more per month / Churn rate Below 0.8% |
| New initiatives | Capital and business alliance with アールデバイス, Launch of VoX Live, a live-streaming and program production service, Full-scale entry into the AI data center business and launch of GPU cloud services, Expansion of the AI business centered on Discoveriez AI and voice AI, Acceleration of business alliances, investment in new businesses, and stronger recruitment and acquihiring |
Items this document does not state (12)
Number of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual 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.Monthly recurring revenue grew in the software business due to continued increases in licenses and price increases. Improved profitability in the solutions business and revenue growth in the hardware business also drove results. The company also cited cost management, a review of contract terms, higher average revenue per customer, and the promotion of new businesses and partnerships.
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.