Worth reading
52Recurring
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
45
% (first-half progress against full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings briefing transcriptFY2026.Q2 (earnings briefing held on 12 August 2026)7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,642 million cumulative first half
Results for the three months of the current quarterSpot revenue of ¥89 million (recorded in the second quarter)
Full-year earnings forecast
Net Sales
¥5,900 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 Sales45% (cumulative first half)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue progress was within expectations. Operating profit is expected to finish above the full-year forecast.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Macroeconomic environment: while higher prices are driving demand for productivity-enhancing investment, rising interest rates and labor costs are burdensome factors.
- Partnership with インフォマート: a capital-linked partnership was formed to connect the currently separate areas of construction and quality management with ordering, procurement and invoicing. The companies are promoting cross-selling, service integration and joint marketing.
- AI strategy: initiatives are being advanced along 3 axes: enhancing product value, improving development productivity and improving operational productivity. Effects on internal productivity are beginning to emerge.
- Impairment loss: recognized due to a review of the scope of the operational efficiency project and lower expected usage of functions under development. Amount: not_disclosed.
- Price revisions: the server price revision scheduled for July 2026 was already incorporated into the initial plan.
- Full-year forecast: first-half revenue progress of 45% was within expectations, with second-half ARR, sales pipeline activity and spot revenue cited as factors supporting achievement.
- Overseas expansion: procedures to suspend operations of the Vietnamese subsidiary are under way, but overseas expansion, including in Southeast Asia, will continue.
- S+Trace (materials and equipment management service): customers have given positive evaluations, but adoption is still expanding.
- Shareholder returns: no dividends or share repurchases have been made, and the company intends to prioritize business investment and financial soundness while retaining the flexibility to implement shareholder returns in the future.
New initiatives
- Cross-selling, service and functionality integration, and joint marketing with インフォマート
- Using AI to improve productivity in product development and internal operations, while enhancing product value
- Server price revision in July 2026 and phased revisions to the plan structure
- Functionality improvements and expanded adoption of S+Trace (materials and equipment management service)
- Exploring new ways to deliver value using technologies such as physical AI and accumulated data
Key KPIsA metric the company considers important as a management benchmark.
- July monthly ARR growth rateMore than 10%
- Net new ARR from existing customers (second quarter)¥165 million
- Spot revenue (cumulative first half)¥108 millionYear on year against the same period last yearApproximately 4 times the ¥26 million recorded in the same period of the previous year
- ARR per employee¥19.9 millionYear on year against the same period last yearImproved
Market Size / Share
The company provided only a qualitative explanation that construction investment is expected to expand toward FY2035. Figures: Not disclosedAnnual Dividend
No dividends are currently paid. Amount and breakdown: Not disclosedAcquisition of treasury shares
No share repurchases are currently being conducted. Repurchase limit and period: Not disclosed| Item | Details |
|---|---|
| Document type | Earnings briefing transcript |
| Fiscal Period Covered | FY2026.Q2 (earnings briefing held on 12 August 2026) |
| Net Sales | ¥2,642 million (cumulative first half) |
| Results for the three months of the current quarter | Spot revenue of ¥89 million (recorded in the second quarter) |
| Full-year earnings forecast | Net Sales ¥5,900 million / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed |
| Progress against full-year forecast | Net Sales 45% (cumulative first half) |
| Self-assessment against the plan | Revenue progress was within expectations. Operating profit is expected to finish above the full-year forecast. |
| Key KPIs | Indicator name July monthly ARR growth rate / Value More than 10% / Year on year against the same period last year Not disclosed, Indicator name Net new ARR from existing customers (second quarter) / Value ¥165 million / Year on year against the same period last year Not disclosed, Indicator name Spot revenue (cumulative first half) / Value ¥108 million / Year on year against the same period last year Approximately 4 times the ¥26 million recorded in the same period of the previous year, Indicator name ARR per employee / Value ¥19.9 million / Year on year against the same period last year Improved |
| Annual Dividend | No dividends are currently paid. Amount and breakdown: Not disclosed |
| Acquisition of treasury shares | No share repurchases are currently being conducted. Repurchase limit and period: Not disclosed |
| Market Size / Share | The company provided only a qualitative explanation that construction investment is expected to expand toward FY2035. Figures: Not disclosed |
| Key points of the Q&A | Macroeconomic environment: while higher prices are driving demand for productivity-enhancing investment, rising interest rates and labor costs are burdensome factors., Partnership with インフォマート: a capital-linked partnership was formed to connect the currently separate areas of construction and quality management with ordering, procurement and invoicing. The companies are promoting cross-selling, service integration and joint marketing., AI strategy: initiatives are being advanced along 3 axes: enhancing product value, improving development productivity and improving operational productivity. Effects on internal productivity are beginning to emerge., Impairment loss: recognized due to a review of the scope of the operational efficiency project and lower expected usage of functions under development. Amount: Not disclosed., Price revisions: the server price revision scheduled for July 2026 was already incorporated into the initial plan., Full-year forecast: first-half revenue progress of 45% was within expectations, with second-half ARR, sales pipeline activity and spot revenue cited as factors supporting achievement., Overseas expansion: procedures to suspend operations of the Vietnamese subsidiary are under way, but overseas expansion, including in Southeast Asia, will continue., S+Trace (materials and equipment management service): customers have given positive evaluations, but adoption is still expanding., Shareholder returns: no dividends or share repurchases have been made, and the company intends to prioritize business investment and financial soundness while retaining the flexibility to implement shareholder returns in the future. |
| New initiatives | Cross-selling, service and functionality integration, and joint marketing with インフォマート, Using AI to improve productivity in product development and internal operations, while enhancing product value, Server price revision in July 2026 and phased revisions to the plan structure, Functionality improvements and expanded adoption of S+Trace (materials and equipment management service), Exploring new ways to deliver value using technologies such as physical AI and accumulated data |
Items this document does not state (18)
Operating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioCapital expendituresOrders received and order backlog
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 explained that, because revenue is weighted toward the second half as ARR builds under its subscription-based business model, first-half revenue progress of 45% was within expectations. It cited the recovery in monthly ARR growth to more than 10% in July, increased net new ARR from existing customers, and higher spot revenue as factors supporting the second half.
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.