Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
130
¥ million (downward revision to the operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending November 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,394 million+2.0%
Operating profit¥22 million-90.4%
Ordinary income¥33 million-86.5%
Net income¥5 million-96.5%
Operating profit margin0.7 %
Results for the three months of the current quarter
Period CoveredJune-August 2026
Operating profit
¥-105 million
Full-year earnings forecast
Net Sales
¥4,500 million
Operating profit
¥70 million
Ordinary income
¥80 million
Net income for the current fiscal year
¥35 million
Operating profit margin
1.6 %
Ordinary income margin
1.8 %
Net profit margin
0.8 %
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 Sales
75.4 %
Operating profit
31.4 %
Ordinary income
41.3 %
Net income for the current fiscal year
14.3 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The HR tech business is tracking in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in standalone revenue¥67 million
- Increase in outsourcing expenses¥-107 million
- Higher personnel expenses due to salary increases and additional hiring¥-118 million
- Higher expenses, including IT equipment costs and payment processing fees¥-20 million
- Profit contributions from consolidated subsidiaries, goodwill amortization and other items¥-37 million
New initiatives
- Establish a dedicated sales structure for the data analytics business
- Promoting PMI with リーン・ニシカタ
- Investment in human capital and additional hiring
- Launching the data analytics business
- Continued consideration of M&A and alliance opportunities
Key KPIsA metric the company considers important as a management benchmark.
- HR Tech business revenue¥151 millionYear on year against the same period last year+113.9%
- Global research revenue¥313 millionYear on year against the same period last year+95.1%
- Revenue from operating companiesYear on year against the same period last year+97.8%
- Contribution margin¥2,244 millionYear on year against the same period last year-0.9%
- Number of employees312 people
- Number of client companies placing orders522 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of client companies placing orders
522 companies
Average order value
¥684 thousand
Segment results
MR business
Net Sales
¥3,068 million
Year on year against the same period last year+1.6%
HR technology
Net Sales
¥151 million
Year on year against the same period last year+13.9%
Global Research
Net Sales
¥313 million
Year on year against the same period last year-4.9%
Medium-term management plan targets
2027 onwardMaximizing corporate value through a V-shaped recovery and breakthrough growth
Financial targets
ROE
Target20 %
EPS
Target¥200
Equity ratio
Actual results57.1 %
Market Size / Share
Domestic Panel
105 10,000 people
Number of employees
Number of Employees312 people
Annual Dividend
Annual
¥78
Interim
¥38
End of period
¥40
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending November 2026 |
| Net Sales | ¥3,394 million (YoY +2.0%) |
| Operating profit | ¥22 million (YoY -90.4%) |
| Ordinary income | ¥33 million (YoY -86.5%) |
| Net income | ¥5 million (YoY -96.5%) |
| Operating profit margin | 0.7 % |
| Results for the three months of the current quarter | Period Covered June-August 2026 / Operating profit ¥-105 million |
| Full-year earnings forecast | Net Sales ¥4,500 million / Operating profit ¥70 million / Ordinary income ¥80 million / Net income for the current fiscal year ¥35 million / Operating profit margin 1.6 % / Ordinary income margin 1.8 % / Net profit margin 0.8 % / Dividend per share ¥78 |
| Progress against full-year forecast | Net Sales 75.4 % / Operating profit 31.4 % / Ordinary income 41.3 % / Net income for the current fiscal year 14.3 % |
| Self-assessment against the plan | The HR tech business is tracking in line with plan |
| Segment results | MR business Net Sales ¥3,068 million / yoy_pct 1.6 / HR technology Net Sales ¥151 million / yoy_pct 13.9 / Global Research Net Sales ¥313 million / yoy_pct -4.9 |
| Breakdown of Factors Affecting the Change | Factors Increase in standalone revenue / Amount ¥67 million, Factors Increase in outsourcing expenses / Amount ¥-107 million, Factors Higher personnel expenses due to salary increases and additional hiring / Amount ¥-118 million, Factors Higher expenses, including IT equipment costs and payment processing fees / Amount ¥-20 million, Factors Profit contributions from consolidated subsidiaries, goodwill amortization and other items / Amount ¥-37 million |
| Key KPIs | Indicator name HR Tech business revenue / Value ¥151 million / Year on year against the same period last year ¥113.9 million, Indicator name Global research revenue / Value ¥313 million / Year on year against the same period last year ¥95.1 million, Indicator name Revenue from operating companies / Value Not disclosed / Year on year against the same period last year 97.8, Indicator name Contribution margin / Value ¥2,244 million / Year on year against the same period last year ¥-0.9 million, Indicator name Number of employees / Value 312 people / Year on year against the same period last year Not disclosed, Indicator name Number of client companies placing orders / Value 522 companies / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Number of client companies placing orders Value 522 companies / Average order value Value ¥684 thousand |
| Number of employees | Number of Employees 312 people / Change during the period Not disclosed / Hiring plan Not disclosed |
| Medium-term management plan targets | 2027 onward Maximizing corporate value through a V-shaped recovery and breakthrough growth |
| Financial targets | ROE Target 20 % / EPS Target ¥200 / Equity ratio Actual results 57.1 % |
| Annual Dividend | Annual ¥78 / Interim ¥38 / End of period ¥40 |
| Market Size / Share | Domestic Panel 105 10,000 people |
| New initiatives | Establish a dedicated sales structure for the data analytics business, Promoting PMI with リーン・ニシカタ, Investment in human capital and additional hiring, Launching the data analytics business, Continued consideration of M&A and alliance opportunities |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition 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 revision reflects business trends through the third quarter and the recent order situation. In terms of actual results, the higher outsourcing ratio, increased personnel expenses and goodwill amortization at consolidated subsidiaries were cited as reasons for the decline in operating profit.
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.