Worth reading
50Recurring
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
8.5
% (year-on-year decline in consolidated revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationThird quarter of the fiscal year ending October 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,264 million-8.5%
Operating profit¥33 million
Ordinary income¥36 million
Net income¥25 million
Gross Profit Margin60.6%
Selling, general and administrative expenses¥732 million
Results for the three months of the current quarter
Net Sales
¥411 million
Gross profit
¥240 million
Operating profit (loss)
¥-21 million
Full-year earnings forecast
Net Sales
¥1,681 million
Gross profit
¥1,028 million
Operating profit
¥7 million
Ordinary income
¥7 million
Net income for the current fiscal year
¥4 million
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 Sales75.2%
Gross profit74.5%
Selling, general and administrative expenses71.7%
Operating profit450.9%
Ordinary income483.6%
Net income for the current fiscal year549.9%
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Use of generative AI: advancing the implementation of AI features in Keywordmap and other initiatives.
- Customer composition: 20% of Analytics business customers also use the Solutions business.
- Operating margin: The company aims for 20% over the long term, but expects the margin to remain below 20% for the time being because of investment in research and development.
- Reasons for cancellations: staff departures and changes to marketing initiatives.
- Personnel and attrition: Factors include mismatches in hiring, delays in establishing training systems and delays in developing the management team.
- Medium-term management plan: The company has prepared a 3-year plan internally but will not disclose it at this time.
- Dividend policy: The company will not pay dividends for the time being and will invest its profits.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue¥-117 million
- Cost of sales¥0 million
- Personnel expenses¥-38 million
- Outsourcing costs¥-51 million
- Advertising expenses¥-71 million
- Other selling, general and administrative expenses¥-75 million
New initiatives
- Added the AI-Friendly Diagnosis beta version and AI Response Misinformation Diagnosis beta version to Keywordmap
- Launched a paid plan for corporate customers of AIsearchmap
- Advanced discussions with multiple external partners on the planning and development of joint services
- Building an alliance and ecosystem in the AI search optimization field
- More assignments to AI search optimization projects, knowledge sharing by the AI Strategy Division, and recruitment of new senior executives
Key KPIsA metric the company considers important as a management benchmark.
- Solutions business customer count292 companiesYear on year against the same period last yearDecreased from 358 companies in Q3 2025
- Solutions business ARR5.5 Hundreds of millions of yenYear on year against the same period last yearDecreased from ¥680 million in Q3 2025
- Keywordmap average monthly churn rate3.6 %Year on year against the same period last yearDeteriorated by 0.9 percentage points
- Analytics business customer count124 companiesYear on year against the same period last yearDecreased from 125 companies in Q3 2025
- Analytics business average monthly fee per customer¥76 10,000Year on year against the same period last yearIncreased by ¥110,000
- Percentage of customers with contract terms of 6 months or more94 %Year on year against the same period last yearIncreased by 8 percentage points
- Number of companies receiving AI search optimization support65 companiesYear on year against the same period last yearIncreased from 50 companies in Q2 2026
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Solutions business customer count292 companies
- Solutions business ARR5.5 Hundreds of millions of yen
- Analytics business customer count124 companies
- Analytics business average monthly fee per customer¥76 10,000
Segment results
Solutions Business
Net Sales
¥510 million-14.8%
Operating profit
¥72 million-41.7%
Analytics business
Net Sales
¥739 million-7.7%
Operating loss
¥-15 million
M&A advisory business
Net Sales
¥28 million
Operating loss
¥-23 million
Financial targets
The company referred to a 20% operating margin as a long-term target. However, it currently intends not to disclose a medium-term management plan.Annual Dividend
The company plans not to pay dividends for the time being and to invest its profits.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending October 2026 |
| Net Sales | ¥1,264 million (YoY -8.5%) |
| Operating profit | ¥33 million |
| Ordinary income | ¥36 million |
| Net income | ¥25 million |
| Gross Profit Margin | 60.6% |
| Selling, general and administrative expenses | ¥732 million |
| Results for the three months of the current quarter | Net Sales ¥411 million / Gross profit ¥240 million / Operating profit (loss) ¥-21 million |
| Full-year earnings forecast | Net Sales ¥1,681 million / Gross profit ¥1,028 million / Operating profit ¥7 million / Ordinary income ¥7 million / Net income for the current fiscal year ¥4 million |
| Progress against full-year forecast | Net Sales 75.2% / Gross profit 74.5% / Selling, general and administrative expenses 71.7% / Operating profit 450.9% / Ordinary income 483.6% / Net income for the current fiscal year 549.9% |
| Segment results | Solutions Business Net Sales ¥510 million (YoY -14.8%) / Operating profit ¥72 million (YoY -41.7%) / Analytics business Net Sales ¥739 million (YoY -7.7%) / Operating loss ¥-15 million / M&A advisory business Net Sales ¥28 million / Operating loss ¥-23 million |
| Breakdown of Factors Affecting the Change | Factors Revenue / Amount ¥-117 million, Factors Cost of sales / Amount ¥0 million, Factors Personnel expenses / Amount ¥-38 million, Factors Outsourcing costs / Amount ¥-51 million, Factors Advertising expenses / Amount ¥-71 million, Factors Other selling, general and administrative expenses / Amount ¥-75 million |
| Key KPIs | Indicator name Solutions business customer count / Value 292 companies / Year on year against the same period last year Decreased from 358 companies in Q3 2025, Indicator name Solutions business ARR / Value 5.5 Hundreds of millions of yen / Year on year against the same period last year Decreased from ¥680 million in Q3 2025, Indicator name Keywordmap average monthly churn rate / Value 3.6 % / Year on year against the same period last year Deteriorated by 0.9 percentage points, Indicator name Analytics business customer count / Value 124 companies / Year on year against the same period last year Decreased from 125 companies in Q3 2025, Indicator name Analytics business average monthly fee per customer / Value ¥76 10,000 / Year on year against the same period last year Increased by ¥110,000, Indicator name Percentage of customers with contract terms of 6 months or more / Value 94 % / Year on year against the same period last year Increased by 8 percentage points, Indicator name Number of companies receiving AI search optimization support / Value 65 companies / Year on year against the same period last year Increased from 50 companies in Q2 2026 |
| Unit price and quantity metrics | Indicator name Solutions business customer count / Value 292 companies, Indicator name Solutions business ARR / Value 5.5 Hundreds of millions of yen, Indicator name Analytics business customer count / Value 124 companies, Indicator name Analytics business average monthly fee per customer / Value ¥76 10,000 |
| Financial targets | The company referred to a 20% operating margin as a long-term target. However, it currently intends not to disclose a medium-term management plan. |
| Annual Dividend | The company plans not to pay dividends for the time being and to invest its profits. |
| Key points of the Q&A | Use of generative AI: advancing the implementation of AI features in Keywordmap and other initiatives., Customer composition: 20% of Analytics business customers also use the Solutions business., Operating margin: The company aims for 20% over the long term, but expects the margin to remain below 20% for the time being because of investment in research and development., Reasons for cancellations: staff departures and changes to marketing initiatives., Personnel and attrition: Factors include mismatches in hiring, delays in establishing training systems and delays in developing the management team., Medium-term management plan: The company has prepared a 3-year plan internally but will not disclose it at this time., Dividend policy: The company will not pay dividends for the time being and will invest its profits. |
| New initiatives | Added the AI-Friendly Diagnosis beta version and AI Response Misinformation Diagnosis beta version to Keywordmap, Launched a paid plan for corporate customers of AIsearchmap, Advanced discussions with multiple external partners on the planning and development of joint services, Building an alliance and ecosystem in the AI search optimization field, More assignments to AI search optimization projects, knowledge sharing by the AI Strategy Division, and recruitment of new senior executives |
Items this document does not state (12)
Operating profit marginSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital 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.Customer numbers declined in the Solutions business, while customer numbers in the Analytics business declined through the end of the previous fiscal year. In the M&A brokerage business, the closing of deals affected revenue. The improvement in operating profit was attributable to a review of selling, general and administrative expenses, including outsourcing costs and advertising expenses.
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.