Worth reading
59In focus
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
-118
Year-on-year change in operating profit (¥ million)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationSecond quarter of the fiscal year ending November 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,414 Millions of yen+1.2%
Operating profit127 Millions of yen-48.2%
Ordinary income134 Millions of yen-46.4%
Net income82 Millions of yen-51.5%
Gross Profit Marginnot disclosed (gross margin was 66.1% in the second quarter of FY2026/11, down 0.1 percentage point year on year)
Operating profit margin5.3%, down 5.0 percentage points year on year
Results for the three months of the current quarter
Net Sales
1,215 Millions of yen
Operating profit
73 Millions of yen
Full-year earnings forecast
Net Sales
4,700 Millions of yen
Operating profit
200 Millions of yen
Ordinary income
210 Millions of yen
Net income for the current fiscal year
140 Millions of yen
Operating profit margin
4.3 %
Ordinary income margin
4.5 %
Net profit margin
3 %
EPS
¥121.04
Dividend per share
¥78
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 Sales51.4%
Operating profit63.5%
Ordinary income63.8%
Net income for the current fiscal year58.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In line with plan (investment in human capital progressed as planned; second-quarter results for the HR Tech business were in line with the initial plan)Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in standalone revenue19
Increase in outsourcing expenses-61
Increase in personnel expenses-53
Increase in other expenses-26
Profit of consolidated subsidiaries3
New initiatives
- Establish a dedicated sales structure for the data analytics business
- Promote PMI with 株式会社リーン・ニシカタ
- Rebuild the sales structure for Global Research
- Continue recruitment and staff expansion through investment in human capital
Key KPIsA metric the company considers important as a management benchmark.
- Contribution margin1,603 Millions of yenYear-on-year (%)-1.3
- Contribution margin66.1 %Year-on-year change (points)-0.1
- Number of client companies placing orders (second quarter of FY2026/11)718 companies
- Average order value (second quarter of FY2026/11)¥534 thousand
- Equity ratio57.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of client companies placing orders
718 companies
Average order value
¥534 thousand
Segment results
MR business
Net Sales
2,184 Millions of yen
Year on year against the same period last year+0.2%
HR technology
Net Sales
85 Millions of yen
Year on year against the same period last year+17.7%
Global Research
Net Sales
243 Millions of yen
Year on year against the same period last year-10.9%
Financial targets
ROE target20
ROE target unit%
EPS policy target200
EPS target unit¥
Actual ROE for FY2025/1112.7
Actual ROE unit%
Market Size / Share
not disclosed (the materials state that the domestic panel has 1.05 million members, but do not provide market size or market share)Number of stores and locations
not disclosed (the history of office openings is provided)Number of employees
312 people
Annual Dividend
Annual¥78
Interim¥38
End of period¥40
Payout ratio
64.4 %
Guideline for total payout ratio30
Target total payout ratio unit% or higher
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending November 2026 |
| Net Sales | 2,414 Millions of yen (YoY +1.2%) |
| Operating profit | 127 Millions of yen (YoY -48.2%) |
| Ordinary income | 134 Millions of yen (YoY -46.4%) |
| Net income | 82 Millions of yen (YoY -51.5%) |
| Gross Profit Margin | not disclosed (gross margin was 66.1% in the second quarter of FY2026/11, down 0.1 percentage point year on year) |
| Operating profit margin | 5.3%, down 5.0 percentage points year on year |
| Results for the three months of the current quarter | Net Sales 1,215 Millions of yen / Operating profit 73 Millions of yen |
| Full-year earnings forecast | Net Sales 4,700 Millions of yen / Operating profit 200 Millions of yen / Ordinary income 210 Millions of yen / Net income for the current fiscal year 140 Millions of yen / Operating profit margin 4.3 % / Ordinary income margin 4.5 % / Net profit margin 3 % / EPS ¥121.04 / Dividend per share ¥78 |
| Progress against full-year forecast | Net Sales 51.4% / Operating profit 63.5% / Ordinary income 63.8% / Net income for the current fiscal year 58.6% |
| Self-assessment against the plan | In line with plan (investment in human capital progressed as planned; second-quarter results for the HR Tech business were in line with the initial plan) |
| Segment results | MR business Net Sales 2,184 Millions of yen / yoy_pct 0.2 / HR technology Net Sales 85 Millions of yen / yoy_pct 17.7 / Global Research Net Sales 243 Millions of yen / yoy_pct -10.9 |
| Breakdown of Factors Affecting the Change | Increase in standalone revenue 19 / Increase in outsourcing expenses -61 / Increase in personnel expenses -53 / Increase in other expenses -26 / Profit of consolidated subsidiaries 3 |
| Key KPIs | Indicator name Contribution margin / Value 1,603 Millions of yen / Year-on-year (%) -1.3 Millions of yen, Indicator name Contribution margin / Value 66.1 % / Year-on-year change (points) -0.1 %, Indicator name Number of client companies placing orders (second quarter of FY2026/11) / Value 718 companies / Year on year against the same period last year Not disclosed, Indicator name Average order value (second quarter of FY2026/11) / Value ¥534 thousand / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 57.4 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Number of client companies placing orders 718 companies / Average order value ¥534 thousand |
| Number of stores and locations | not disclosed (the history of office openings is provided) |
| Number of employees | 312 people |
| Financial targets | ROE target 20 / ROE target unit % / EPS policy target 200 / EPS target unit ¥ / Actual ROE for FY2025/11 12.7 / Actual ROE unit % |
| Annual Dividend | Annual ¥78 / Interim ¥38 / End of period ¥40 |
| Payout ratio | 64.4 % |
| Market Size / Share | not disclosed (the materials state that the domestic panel has 1.05 million members, but do not provide market size or market share) |
| New initiatives | Establish a dedicated sales structure for the data analytics business, Promote PMI with 株式会社リーン・ニシカタ, Rebuild the sales structure for Global Research, Continue recruitment and staff expansion through investment in human capital |
Items this document does not state (8)
Selling, general and administrative expensesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.The decline in operating profit was attributed to higher outsourcing costs due to an increased outsourcing ratio, higher personnel costs resulting from recruitment and salary increases, and higher costs including IT equipment and payment fees. Global Research reported lower revenue because efforts to win overseas research projects were delayed as the company prioritized reviewing its domestic sales structure.
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.