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
18.3
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending February 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,002 million yen+18.3%
Operating profit122 million yen-18.7%
Ordinary income121 million yen-19.7%
Net income82 million yen-22.1%
Gross Profit Margin16.6%
Operating profit margin4.1%
Selling, general and administrative expenses375 million yen
Results for the three months of the current quarter
Net Sales¥3,002 million (up 18.3% year on year)
Gross profit¥497 million (up 11.8% year on year)
Operating profit¥122 million (down 18.7% year on year)
Ordinary income¥121 million (down 19.7% year on year)
Net income¥82 million (down 22.1% year on year)
Full-year earnings forecast
Net Sales
12,516 million yen
Cloud Integration
2,835 million yen
MSP
1,439 million yen
Cloud license resale
8,241 million yen
Gross profit
2,133 million yen
Operating profit
605 million yen
Ordinary income
617 million yen
Net income attributable to owners of the parent
454 million yen
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 Sales24.0%
Cloud Integration22.1%
MSP22.5%
Cloud license resale24.9%
Gross profit23.3%
Operating profit20.2%
Ordinary income19.8%
Net income for the current fiscal year18.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is within the initially assumed range. The plan calls for profitability to improve in the second half.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Expansion of cloud license resale
- Investment in service development and expansion of the Vietnam base to expand MSP
- Higher personnel expenses due to strengthening sales promotion functions
- Higher recruitment-related expenses
The company identifies the factors but does not state the amount attributable to each one.
New initiatives
- Signed a reseller agreement with Anthropic for the AI model Claude
- Launched an accounting voucher entry and approval solution for SAP S/4HANA Cloud Public Edition on SAP Store
- Launched the BeeXPlus MSP monitoring service, an annual fixed-price package, with SB C&S
Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue ratio79.2 %Year on year against the same period last year74.5% in the same period of the previous year
- Cloud license resale accounts944 AccountsYear on year against the same period last year761 accounts in the same period of the previous year
- Consolidated number of employees268 people
- Engineer ratio (consolidated)74.3 %
- Number of MSP users114 companies
- Number of cloud integration projects won206 Projects
Segment results
- Cloud IntegrationNet Sales¥625 millionYear on year against the same period last yearDown 3.3% year on year
- MSPNet Sales¥323 millionYear on year against the same period last yearDown 3.4%
- Cloud license resaleNet Sales¥2,052 millionYear on year against the same period last yearUp 31.9% year on year
Medium-term management plan targets
Net Sales
Target value¥20–22 billion
Target fiscal yearFiscal year ending February 2030
Orders received and order backlog
206 projects won; amount: Not disclosedNumber of employees
Number of Employees268 consolidated, 208 non-consolidated
Change during the periodThe non-consolidated headcount increased by 8 from the end of the previous fiscal year
Annual Dividend
Annual dividend per share¥25.00
Year-end dividend¥25.00
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending February 2027 |
| Net Sales | 3,002 million yen (YoY +18.3%) |
| Operating profit | 122 million yen (YoY -18.7%) |
| Ordinary income | 121 million yen (YoY -19.7%) |
| Net income | 82 million yen (YoY -22.1%) |
| Gross Profit Margin | 16.6% |
| Operating profit margin | 4.1% |
| Selling, general and administrative expenses | 375 million yen |
| Results for the three months of the current quarter | Net Sales ¥3,002 million (up 18.3% year on year) / Gross profit ¥497 million (up 11.8% year on year) / Operating profit ¥122 million (down 18.7% year on year) / Ordinary income ¥121 million (down 19.7% year on year) / Net income ¥82 million (down 22.1% year on year) |
| Full-year earnings forecast | Net Sales 12,516 million yen / Cloud Integration 2,835 million yen / MSP 1,439 million yen / Cloud license resale 8,241 million yen / Gross profit 2,133 million yen / Operating profit 605 million yen / Ordinary income 617 million yen / Net income attributable to owners of the parent 454 million yen |
| Progress against full-year forecast | Net Sales 24.0% / Cloud Integration 22.1% / MSP 22.5% / Cloud license resale 24.9% / Gross profit 23.3% / Operating profit 20.2% / Ordinary income 19.8% / Net income for the current fiscal year 18.2% |
| Self-assessment against the plan | Progress is within the initially assumed range. The plan calls for profitability to improve in the second half. |
| Segment results | Segment Cloud Integration / Net Sales ¥625 million / Year on year against the same period last year Down 3.3% year on year, Segment MSP / Net Sales ¥323 million / Year on year against the same period last year Down 3.4%, Segment Cloud license resale / Net Sales ¥2,052 million / Year on year against the same period last year Up 31.9% year on year |
| Breakdown of Factors Affecting the Change | Factors Expansion of cloud license resale / Amount Not disclosed, Factors Investment in service development and expansion of the Vietnam base to expand MSP / Amount Not disclosed, Factors Higher personnel expenses due to strengthening sales promotion functions / Amount Not disclosed, Factors Higher recruitment-related expenses / Amount Not disclosed |
| Key KPIs | Indicator name Recurring revenue ratio / Value 79.2 % / Year on year against the same period last year 74.5% in the same period of the previous year, Indicator name Cloud license resale accounts / Value 944 Accounts / Year on year against the same period last year 761 accounts in the same period of the previous year, Indicator name Consolidated number of employees / Value 268 people / Year on year against the same period last year Not disclosed, Indicator name Engineer ratio (consolidated) / Value 74.3 % / Year on year against the same period last year Not disclosed, Indicator name Number of MSP users / Value 114 companies / Year on year against the same period last year Not disclosed, Indicator name Number of cloud integration projects won / Value 206 Projects / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 268 consolidated, 208 non-consolidated / Change during the period The non-consolidated headcount increased by 8 from the end of the previous fiscal year |
| Medium-term management plan targets | Net Sales Target value ¥20–22 billion / Target fiscal year Fiscal year ending February 2030 |
| Annual Dividend | Annual dividend per share ¥25.00 / Interim Dividend Not disclosed / Year-end dividend ¥25.00 |
| Orders received and order backlog | 206 projects won; amount: Not disclosed |
| New initiatives | Signed a reseller agreement with Anthropic for the AI model Claude, Launched an accounting voucher entry and approval solution for SAP S/4HANA Cloud Public Edition on SAP Store, Launched the BeeXPlus MSP monitoring service, an annual fixed-price package, with SB C&S |
Items this document does not state (10)
Unit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresMarket 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.Selling, general and administrative expenses increased because investments in personnel aimed at expanding revenue from the second half onward were brought forward, including service development and expansion of the Vietnam base to expand MSP, strengthening sales promotion functions, and higher recruitment costs, while cloud license resale drove revenue growth.
How to read this page
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