In short
- Revenue was ¥6,924 million, or 229% year on year, due to the consolidation of group companies and business acquisitions.
- Operating income was a loss of ¥484 million and net income was a loss of ¥721 million due to the recognition of a ¥760 million impairment loss.
- The company announced a medium-term management plan targeting revenue of ¥11,017 million, EBITDA of ¥1,174 million, and a market capitalisation of ¥10 billion for the fiscal year ending September 2029.
What they reported
this period against the same period a year earlier, and where they now expect the year to endSales
| Period | ¥bn |
|---|---|
| FY24/9 Q1 | 0.8 |
| FY24/9 Q2 | 0.8 |
| FY24/9 Q3 | 0.8 |
| FY24/9 Q4 | 0.7 |
| FY25/9 Q1 | 0.7 |
| FY25/9 Q2 | 0.8 |
| FY25/9 Q3 | 0.8 |
| FY25/9 Q4 | 0.7 |
| FY26/9 Q1 | 1.0 |
| FY26/9 Q2 | 2.2 |
| FY26/9 Q3 | 1.7 |
Revenue increased mainly due to strong performance in the development and overseas businesses and business acquisitions in the human resources field.
主に新規グループ会社の連結によるグループ体制の拡大により、前期比で売上収益は229%。Operating profit
| Period | ¥m |
|---|---|
| FY24/9 Q1 | 89.0 |
| FY24/9 Q2 | 61.0 |
| FY24/9 Q3 | 49.0 |
| FY24/9 Q4 | -91.0 |
| FY25/9 Q1 | 7.0 |
| FY25/9 Q2 | 21.0 |
| FY25/9 Q3 | 54.0 |
| FY25/9 Q4 | -53.0 |
| FY26/9 Q1 | -61.0 |
| FY26/9 Q2 | 185.0 |
| FY26/9 Q3 | 62.0 |
The company posted an operating loss because the allocation of expenses associated with the transition to a holding company structure resulted in an impairment loss.
持株会社体制移行におけるグループ内の費用分配の見直しに伴い減損損失760百万円を計上The company is forecasting operating income of ¥389 million for the fiscal year ending September 2027.
Net profit
| Period | ¥m |
|---|---|
| FY24/9 Q1 | 67.0 |
| FY24/9 Q2 | 38.0 |
| FY24/9 Q3 | 27.0 |
| FY24/9 Q4 | -79.0 |
| FY25/9 Q1 | -18.0 |
| FY25/9 Q2 | -8.0 |
| FY25/9 Q3 | 32.0 |
| FY25/9 Q4 | 13.0 |
| FY26/9 Q1 | -64.0 |
| FY26/9 Q2 | 22.0 |
| FY26/9 Q3 | -41.0 |
Net income fell into the red due to the recognition of an impairment loss.
一方で、持株会社体制への移行に伴う、グループ会社ののれん等の減損損失を計上した結果、当期純利益は△721百万円。The company is forecasting net income of ¥168 million for the fiscal year ending September 2027.
Their own numbers
figures this company chose to report, a year ago against nowThe number declined slightly during the process of winding down unprofitable business divisions.
It remained at a high level due to orders for high-priced projects.
Although several projects were replaced, the number remained at the same level.
The average unit price increased significantly due to the completion of large projects and their replacement with new projects.
The number of personnel deployed increased due to the conversion of businesses into subsidiaries and business acquisitions.
The average unit price declined because the unit price for personnel on acquired projects was lower than the existing unit price.
The company reached 900 paying members in approximately 2 years.
The low–high ranges are Komori's estimate, not figures the company gave.
Everything else in the deck
By business
What moved
- Decrease in SG&A expenses
- Increase in other expenses
New initiatives
- The company entered into a basic agreement with Vietnam National Cyber Security Technology Corporation to establish a joint security team.
- The company will launch an AI BPO business centred on クラウドプロ株式会社, aiming to provide services that perform customers' business processes themselves on their behalf.
- The company will evolve into a secure AI engineering service providing an end-to-end offering spanning vulnerability assessments, secure development, AI BPO, and personnel placement between Japan and Vietnam.
What decks usually leave out
COMPUTED = worked out by Komori from reported numbers; the rest are stated in this deckMargins and overheads
Financial targets
| Period | % |
|---|---|
| FY23/9 | 7.2 |
| FY24/9 | 2.3 |
| FY25/9 | 0.9 |
| Period | % |
|---|---|
| FY22/9 | 71.7 |
| FY23/9 | 60.6 |
| FY24/9 | 56.1 |
| FY25/9 | 54.8 |
Yearly figures are computed by Komori from J-Quants results data (ROE = net profit ÷ average equity). The last point is this year's forecast or latest figure. Targets show only when this deck states them.