Worth reading
46Recurring
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Direction inferred from the company’s description.Scale
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How definitive the wording is.Contents of this document
Summary of Q&ASecond quarter of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit+16.0% year on year+16.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is somewhat ahead of planKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
Topics included the capital and business alliance with RAKUS and OEM deployment, the timing of a reacceleration in revenue and the effects of investment, the impact of pricing revisions on revenue and profit, responses to tax rate changes, operating cash flow, new businesses such as overseas remittances and RBF, shareholder returns and share buybacks, M&A policy, competitive advantages, investment decision criteria, and employee share schemes.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The company explained that advance payments, deposits and other merchant-related items were factors behind the decrease in operating cash flow. It attributed the better-than-planned progress in the first half to timing differences in expenses, but did not provide a breakdown of the amounts by factor.
New initiatives
The company plans to pursue a capital and business alliance with RAKUS and provide OEM products, launch new businesses such as Receivables Collection Robot, overseas remittances and RBF, release a new service scheduled for September 2026, and explore partnership opportunities beyond RAKUS.Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue ratioOver 97%
- Number of RAKUS Rakuraku Meisai electronic invoicing service customersApproximately 17,000 companies
- Target number of RAKUS OEM customers1,000 companies by 2029
- Utilization rate of the share-purchase financing programApproximately 4%
- Employee stock ownership plan participation rateApproximately 40%
- Indicative revenue growth rate for 203520.8％
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average revenue per customer is trending upward. The company explained that there is room to grow its customer base and improve its churn rate. The impact of the pricing revisions is slightly over ¥5 million per month for Subscription Pay and slightly over ¥1 million per month for Billing Management Robot.Medium-term management plan targets
The long-term management strategy targets 20.8% revenue growth in 2035, monthly profitability for each new business within 5 years, elimination of cumulative losses within 10 years, annual profitability for the existing businesses through additional measures within 2.5 years, and elimination of cumulative losses within 5 years. Numerical comparisons with actual results were not disclosed.Annual Dividend
The company explained that its basic dividend policy is to increase dividends consecutively. The specific annual dividend amount was not disclosed.Payout ratio
The capital allocation policy is to allocate 20% of the previous fiscal year's operating cash flow to shareholder returns.Acquisition of treasury shares
The company conducted a share buyback in February 2025. It continues to retain buybacks as an option, but the buyback authorization, number of shares and period were not disclosed.| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Operating profit | +16.0% year on year (YoY +16.0%) |
| Self-assessment against the plan | Progress is somewhat ahead of plan |
| Breakdown of Factors Affecting the Change | The company explained that advance payments, deposits and other merchant-related items were factors behind the decrease in operating cash flow. It attributed the better-than-planned progress in the first half to timing differences in expenses, but did not provide a breakdown of the amounts by factor. |
| Key KPIs | Indicator name Recurring revenue ratio / Value Over 97% / Year on year against the same period last year Not disclosed, Indicator name Number of RAKUS Rakuraku Meisai electronic invoicing service customers / Value Approximately 17,000 companies / Year on year against the same period last year Not disclosed, Indicator name Target number of RAKUS OEM customers / Value 1,000 companies by 2029 / Year on year against the same period last year Not disclosed, Indicator name Utilization rate of the share-purchase financing program / Value Approximately 4% / Year on year against the same period last year Not disclosed, Indicator name Employee stock ownership plan participation rate / Value Approximately 40% / Year on year against the same period last year Not disclosed, Indicator name Indicative revenue growth rate for 2035 / Value 20.8％ / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average revenue per customer is trending upward. The company explained that there is room to grow its customer base and improve its churn rate. The impact of the pricing revisions is slightly over ¥5 million per month for Subscription Pay and slightly over ¥1 million per month for Billing Management Robot. |
| Medium-term management plan targets | The long-term management strategy targets 20.8% revenue growth in 2035, monthly profitability for each new business within 5 years, elimination of cumulative losses within 10 years, annual profitability for the existing businesses through additional measures within 2.5 years, and elimination of cumulative losses within 5 years. Numerical comparisons with actual results were not disclosed. |
| Annual Dividend | The company explained that its basic dividend policy is to increase dividends consecutively. The specific annual dividend amount was not disclosed. |
| Payout ratio | The capital allocation policy is to allocate 20% of the previous fiscal year's operating cash flow to shareholder returns. |
| Acquisition of treasury shares | The company conducted a share buyback in February 2025. It continues to retain buybacks as an option, but the buyback authorization, number of shares and period were not disclosed. |
| Key points of the Q&A | Topics included the capital and business alliance with RAKUS and OEM deployment, the timing of a reacceleration in revenue and the effects of investment, the impact of pricing revisions on revenue and profit, responses to tax rate changes, operating cash flow, new businesses such as overseas remittances and RBF, shareholder returns and share buybacks, M&A policy, competitive advantages, investment decision criteria, and employee share schemes. |
| New initiatives | The company plans to pursue a capital and business alliance with RAKUS and provide OEM products, launch new businesses such as Receivables Collection Robot, overseas remittances and RBF, release a new service scheduled for September 2026, and explore partnership opportunities beyond RAKUS. |
Items this document does not state (18)
Net SalesOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSegment resultsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket Size / Share
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 company compiled its answers to questions received at the earnings Q&A session for individual investors held on 20 August 2026.
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.