Worth reading
75Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
245
¥ million (operating profit for the first half)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFiscal year ending February 2027, second quarter12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,044 Millions of yen+18.0%
Operating profit245 Millions of yen-27.8%
Ordinary income258 Millions of yen-26.6%
Net income176 Millions of yen-27.5%
Gross Profit Margin16.4 %
Operating profit margin4.1 %
Selling, general and administrative expenses748 Millions of yen
Results for the three months of the current quarterQuarterly revenue by service, cloud license resale revenue, MSP revenue and user numbers, and quarterly cloud integration revenue and order volume are presented. Standalone three-month consolidated income statement figures are Not disclosed.
Full-year earnings forecast
Net Sales
12,516 Millions of yen
Cloud Integration
2,835 Millions of yen
MSP
1,439 Millions of yen
Cloud license resale
8,241 Millions of yen
Gross profit
2,133 Millions of yen
Operating profit
605 Millions of yen
Ordinary income
617 Millions of yen
Net income for the current fiscal year
454 Millions of 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 Sales48.3%
Cloud Integration45.5%
MSP46.4%
Cloud license resale49.6%
Gross profit46.6%
Operating profit40.6%
Ordinary income41.9%
Net income for the current fiscal year38.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Performance is progressing within the originally anticipated range. The plan calls for improvement in profitability in the second half.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Allowance for Doubtful Accounts
34 Millions of yen
Human resources investmentamount not disclosed
Investment in new service developmentamount not disclosed
Personnel costs associated with strengthening sales operationsamount not disclosed
Recruitment expensesamount not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
For the medium-term targets from the fiscal year ending February 2028 onward, the company states that they assume M&A, the acquisition of large-scale license resale contracts, and the acquisition of large-scale SAP projects. Numerical assumptions for foreign exchange rates, raw material prices, interest rates, and other factors are Not disclosed.New initiatives
- Entered into a reseller agreement with Anthropic for the Claude AI model
- Started providing the BeeXPlus MSP monitoring service with SB C&S
- Received Select certification as a Snowflake service partner
- Started providing BeeX AI Journey support
- Launched an accounting voucher entry and approval solution for SAP S/4HANA Cloud Public Edition on SAP Store
- Opened an overseas MSP site in Nha Trang, Vietnam
Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue ratio78.6 %Year on year against the same period last year+3.5 percentage points
- Number of cloud license resale accounts1,238 AccountsYear on year against the same period last year815 accounts in the same period of the previous year
- Engineer ratio (consolidated)76.2 %
- Number of MSP users119 companies
- Number of cloud integration projects won206 Projects
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The number of cloud license resale accounts, MSP users, and cloud integration orders are presented, but the breakdown between price and volume is Not disclosed.Segment results
Cloud Integration
Net Sales
1,291 Millions of yen
Year on year against the same period last year+1.0%
MSP
Net Sales
668 Millions of yen
Year on year against the same period last year-2.8%
Cloud license resale
Net Sales
4,085 Millions of yen
Year on year against the same period last year+29.3%
Medium-term management plan targets
Fiscal year ending February 2030
Net Sales¥20–22 billion
Fiscal year ending February 2028
Net Sales¥16–17 billion
Orders received and order backlog
Number of orders
206 Projects
Number of stores and locations
Opened an overseas MSP site in Nha Trang, Vietnam. The number of locations opened and closed during the period is Not disclosed.Number of employees
Consolidated273 People
As ofAugust 2026
Standalone
End of previous period200
End of 2Q208
Change during the period8
Annual Dividend
Fiscal year ending February 2027
Annual¥25 per share
End of period¥25 per share
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | 6,044 Millions of yen (YoY +18.0%) |
| Operating profit | 245 Millions of yen (YoY -27.8%) |
| Ordinary income | 258 Millions of yen (YoY -26.6%) |
| Net income | 176 Millions of yen (YoY -27.5%) |
| Gross Profit Margin | 16.4 % |
| Operating profit margin | 4.1 % |
| Selling, general and administrative expenses | 748 Millions of yen |
| Results for the three months of the current quarter | Quarterly revenue by service, cloud license resale revenue, MSP revenue and user numbers, and quarterly cloud integration revenue and order volume are presented. Standalone three-month consolidated income statement figures are Not disclosed. |
| Full-year earnings forecast | Net Sales 12,516 Millions of yen / Cloud Integration 2,835 Millions of yen / MSP 1,439 Millions of yen / Cloud license resale 8,241 Millions of yen / Gross profit 2,133 Millions of yen / Operating profit 605 Millions of yen / Ordinary income 617 Millions of yen / Net income for the current fiscal year 454 Millions of yen |
| Progress against full-year forecast | Net Sales 48.3% / Cloud Integration 45.5% / MSP 46.4% / Cloud license resale 49.6% / Gross profit 46.6% / Operating profit 40.6% / Ordinary income 41.9% / Net income for the current fiscal year 38.8% |
| Self-assessment against the plan | Performance is progressing within the originally anticipated range. The plan calls for improvement in profitability in the second half. |
| Segment results | Cloud Integration Net Sales 1,291 Millions of yen / Year on year against the same period last year 1 / MSP Net Sales 668 Millions of yen / Year on year against the same period last year -2.8 / Cloud license resale Net Sales 4,085 Millions of yen / Year on year against the same period last year 29.3 |
| Breakdown of Factors Affecting the Change | Allowance for Doubtful Accounts 34 Millions of yen / Human resources investment amount not disclosed / Investment in new service development amount not disclosed / Personnel costs associated with strengthening sales operations amount not disclosed / Recruitment expenses amount not disclosed |
| Key KPIs | Indicator name Recurring revenue ratio / Value 78.6 % / Year on year against the same period last year +3.5 percentage points, Indicator name Number of cloud license resale accounts / Value 1,238 Accounts / Year on year against the same period last year 815 accounts in the same period of the previous year, Indicator name Engineer ratio (consolidated) / Value 76.2 % / Year on year against the same period last year Not disclosed, Indicator name Number of MSP users / Value 119 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 |
| Unit price and quantity metrics | The number of cloud license resale accounts, MSP users, and cloud integration orders are presented, but the breakdown between price and volume is Not disclosed. |
| Number of stores and locations | Opened an overseas MSP site in Nha Trang, Vietnam. The number of locations opened and closed during the period is Not disclosed. |
| Number of employees | Consolidated 273 People / As of August 2026 / Standalone End of previous period 200 / End of 2Q 208 / Change during the period 8 |
| Assumptions Underlying the Business Outlook | For the medium-term targets from the fiscal year ending February 2028 onward, the company states that they assume M&A, the acquisition of large-scale license resale contracts, and the acquisition of large-scale SAP projects. Numerical assumptions for foreign exchange rates, raw material prices, interest rates, and other factors are Not disclosed. |
| Medium-term management plan targets | Fiscal year ending February 2030 Net Sales ¥20–22 billion / Fiscal year ending February 2028 Net Sales ¥16–17 billion |
| Annual Dividend | Fiscal year ending February 2027 Annual ¥25 per share / Interim Not disclosed / End of period ¥25 per share |
| Orders received and order backlog | Number of orders 206 Projects / Orders received and order backlog Not disclosed |
| New initiatives | Entered into a reseller agreement with Anthropic for the Claude AI model, Started providing the BeeXPlus MSP monitoring service with SB C&S, Received Select certification as a Snowflake service partner, Started providing BeeX AI Journey support, Launched an accounting voucher entry and approval solution for SAP S/4HANA Cloud Public Edition on SAP Store, Opened an overseas MSP site in Nha Trang, Vietnam |
Items this document does not state (7)
Risk 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.Revenue increased due to the expansion of cloud license resale. Operating profit declined because selling, general and administrative expenses increased as a result of recording a ¥34 million provision for doubtful accounts, as well as investments in MSP expansion, expansion of the Vietnam site, new service development, strengthening sales promotion functions, and recruitment.
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.