Worth reading
60In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
45.388
¥ millions (improvement in operating loss)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥213,871 thousand+37.0%
Operating profit¥-14,781 thousand
Ordinary income¥-20,421 thousand
Net income¥374 thousand
Gross Profit Margin44 %
Selling, general and administrative expenses¥108,776 thousand
Results for the three months of the current quarter
Net Sales
¥213,871 thousand
Gross profit
¥93,995 thousand
Operating loss
¥-14,781 thousand
Ordinary loss
¥-20,421 thousand
Quarterly net income
¥374 thousand
Full-year earnings forecast
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。
Net SalesApproximately 13–14%
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The plan is weighted toward the second half. Projects for the hardware and new businesses are expected to be concentrated in the second half. Numerical assumptions: not disclosedNew initiatives
- Advance information, sales meetings and commercial launch for the G-NEXT GPU cloud
- Development and initial monetization of the AI data center business
- Use of generative AI, including Discoveriez AI, and automation enabled by voice AI
- Promotion of the client community program
- Acceleration of business partnerships and expansion into new businesses
Key KPIsA metric the company considers important as a management benchmark.
- Stock revenue¥124.5 millionYear on year against the same period last year+13.9% (+¥11 million)
- Stock revenue ratio58.2 %
- Monthly churn rate0.68 %
- Cloud MRR growth rate7.62 %
- Cloud revenue ratio82.2 %
- Cloud revenue growth rate16.1 %
- Software revenue growth rate34.6 %
- Software gross profit growth rate54.8 %
- SRM Design Lab revenue growth rate46.6 %
- SRM Design Lab gross profit growth rate329.7 %
Segment results
Reportable segmentsSingle segment
Software business
Net Sales
¥169 million
Operating profit
¥7.6 million
Solutions Business
Net Sales
¥12 million
Operating profitLoss-making
Hardware Business
Net Sales
¥33 million
Operating profitLoss-making
Medium-term management plan targets
Target fiscal yearFY2028
Net Sales
¥2,500 million or more
Operating profit
¥90 million or more
Market capitalization
¥7,000 million or more
KGI/KPI
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 | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥213,871 thousand (YoY +37.0%) |
| Operating profit | ¥-14,781 thousand |
| Ordinary income | ¥-20,421 thousand |
| Net income | ¥374 thousand |
| Gross Profit Margin | 44 % |
| Selling, general and administrative expenses | ¥108,776 thousand |
| Results for the three months of the current quarter | Net Sales ¥213,871 thousand / Gross profit ¥93,995 thousand / Operating loss ¥-14,781 thousand / Ordinary loss ¥-20,421 thousand / Quarterly net income ¥374 thousand |
| Full-year earnings forecast | Net Sales 1,500～1,600 / Operating profit 30～40 / Ordinary income Not disclosed / Net income Not disclosed |
| Progress against full-year forecast | Net Sales Approximately 13–14% |
| Segment results | Reportable segments Single segment / Software business Net Sales ¥169 million / Operating profit ¥7.6 million / Solutions Business Net Sales ¥12 million / Operating profit Loss-making / Hardware Business Net Sales ¥33 million / Operating profit Loss-making |
| Key KPIs | Indicator name Stock revenue / Value ¥124.5 million / Year on year against the same period last year +13.9% (+¥11 million), Indicator name Stock revenue ratio / Value 58.2 % / Year on year against the same period last year Not disclosed, Indicator name Monthly churn rate / Value 0.68 % / Year on year against the same period last year Not disclosed, Indicator name Cloud MRR growth rate / Value 7.62 % / Year on year against the same period last year Not disclosed, Indicator name Cloud revenue ratio / Value 82.2 % / Year on year against the same period last year Not disclosed, Indicator name Cloud revenue growth rate / Value 16.1 % / Year on year against the same period last year Not disclosed, Indicator name Software revenue growth rate / Value 34.6 % / Year on year against the same period last year Not disclosed, Indicator name Software gross profit growth rate / Value 54.8 % / Year on year against the same period last year Not disclosed, Indicator name SRM Design Lab revenue growth rate / Value 46.6 % / Year on year against the same period last year Not disclosed, Indicator name SRM Design Lab gross profit growth rate / Value 329.7 % / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | The plan is weighted toward the second half. Projects for the hardware and new businesses are expected to be concentrated in the second half. Numerical assumptions: not disclosed |
| Medium-term management plan targets | Target fiscal year FY2028 / Net Sales ¥2,500 million or more / Operating profit ¥90 million or more / Market capitalization ¥7,000 million or more / KGI/KPI 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 | Advance information, sales meetings and commercial launch for the G-NEXT GPU cloud, Development and initial monetization of the AI data center business, Use of generative AI, including Discoveriez AI, and automation enabled by voice AI, Promotion of the client community program, Acceleration of business partnerships and expansion into new businesses |
Items this document does not state (15)
Operating profit marginSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.The company cited the concentration of revenue from large, recurring projects in June, continued growth in software licenses, price increases, upselling and cloud migration in the software business, an improved gross margin, and lower selling, general and administrative expenses. Meanwhile, the solutions and hardware businesses recorded losses in the first quarter due to upfront investments and the timing of projects shifting between periods.
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.