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Presentation materials for financial results4379Photosynth inc.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026

In the second quarter of the fiscal year ending December 2026, standalone quarterly net sales increased 32.3% year on year and operating profit rose 61.9%, driven in part by orders for large-scale projects. On a cumulative basis, progress against the full-year operating profit plan reached 72.4%, ahead of plan.

Worth reading
74In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
32.3
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter of the fiscal year ending December 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,050 million+27.8%
Operating profit¥173 million+19.5%
Ordinary income¥179 million
Net income¥177 million+4.3%
Gross Profit MarginMore than 70%
Selling, general and administrative expenses¥660 million
Results for the three months of the current quarter
Net Sales
¥1,033 million+32.3%
Gross profit
¥741 million+23.1%
Adjusted EBITDA
¥192 million+65.7%
Operating profit
¥80 million+61.9%
Profit attributable to owners of the parent
¥80 million+18.8%
Full-year earnings forecast
Net Sales
¥4,062 million
Adjusted EBITDA
¥720 million
Operating profit
¥240 million
Ordinary income
¥240 million
Profit attributable to owners of the parent
¥295 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 Sales50.5%
Adjusted EBITDA53.7%
Operating profit72.4%
Ordinary income74.8%
Profit attributable to owners of the parent60.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress ahead of plan
New initiatives
  • Entering into sales partner agreements with companies in the Hikari Tsushin Group
  • Selection for AWS Japan's Physical AI Development Support Program
  • Opening and commencing operations at the Photosynth Physical AI Lab
  • Expanding bundled implementation packages for Akerun, Migakun and fixU
Key KPIsA metric the company considers important as a management benchmark.
  • ARR35 Hundreds of millions of yen
    Year on year against the same period last year+15.5%
  • ARPU¥50,542 /company
    Year on year against the same period last year+13.4%
  • Recurring revenue ratio84.2 %
  • Churn Rate1.04 %
  • Churn Rate excluding customer-initiated cancellations0.87 %
  • Number of contracted companies5,755 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ARPU: ¥50,542 per company; contracted companies: 5,755
Medium-term management plan targets
Net sales for the fiscal year ending December 2028¥5.8–7.5 billion
Adjusted EBITDA for the fiscal year ending December 2028¥1.16–1.5 billion
Revenue growth20–30% (annual average from the fiscal year ending December 2026 to the fiscal year ending December 2028)
Rule of 40 for the fiscal year ending December 2028Achievement as the minimum target
Market Size / Share
Number of companies using smart locksNo.1
Number of smart lock usersNo.1
Number of companies using the cloud-based access control systemNo.1
Number of users of the cloud-based access control systemNo.1
Number of employees
Number of Employees179 People
Record date30 June 2026
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥2,050 million (YoY +27.8%)
Operating profit¥173 million (YoY +19.5%)
Ordinary income¥179 million
Net income¥177 million (YoY +4.3%)
Gross Profit MarginMore than 70%
Selling, general and administrative expenses¥660 million
Results for the three months of the current quarterNet Sales ¥1,033 million (YoY +32.3%) / Gross profit ¥741 million (YoY +23.1%) / Adjusted EBITDA ¥192 million (YoY +65.7%) / Operating profit ¥80 million (YoY +61.9%) / Profit attributable to owners of the parent ¥80 million (YoY +18.8%)
Full-year earnings forecastNet Sales ¥4,062 million / Adjusted EBITDA ¥720 million / Operating profit ¥240 million / Ordinary income ¥240 million / Profit attributable to owners of the parent ¥295 million
Progress against full-year forecastNet Sales 50.5% / Adjusted EBITDA 53.7% / Operating profit 72.4% / Ordinary income 74.8% / Profit attributable to owners of the parent 60.3%
Self-assessment against the planProgress ahead of plan
Key KPIsIndicator name ARR / Value 35 Hundreds of millions of yen / Year on year against the same period last year 15.5 Hundreds of millions of yen, Indicator name ARPU / Value ¥50,542 /company / Year on year against the same period last year ¥13.4 /company, Indicator name Recurring revenue ratio / Value 84.2 % / Year on year against the same period last year Not disclosed, Indicator name Churn Rate / Value 1.04 % / Year on year against the same period last year Not disclosed, Indicator name Churn Rate excluding customer-initiated cancellations / Value 0.87 % / Year on year against the same period last year Not disclosed, Indicator name Number of contracted companies / Value 5,755 companies / Year on year against the same period last year Not disclosed
Unit price and quantity metricsARPU: ¥50,542 per company; contracted companies: 5,755
Number of employeesNumber of Employees 179 People / Record date 30 June 2026 / Changes during the period and hiring plan Not disclosed
Medium-term management plan targetsNet sales for the fiscal year ending December 2028 ¥5.8–7.5 billion / Adjusted EBITDA for the fiscal year ending December 2028 ¥1.16–1.5 billion / Revenue growth 20–30% (annual average from the fiscal year ending December 2026 to the fiscal year ending December 2028) / Rule of 40 for the fiscal year ending December 2028 Achievement as the minimum target
Market Size / ShareNumber of companies using smart locks No.1 / Number of smart lock users No.1 / Number of companies using the cloud-based access control system No.1 / Number of users of the cloud-based access control system No.1
New initiativesEntering into sales partner agreements with companies in the Hikari Tsushin Group, Selection for AWS Japan's Physical AI Development Support Program, Opening and commencing operations at the Photosynth Physical AI Lab, Expanding bundled implementation packages for Akerun, Migakun and fixU
Items this document does not state (13)
Operating profit marginSegment resultsBreakdown of Factors Affecting the ChangeNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.

Orders for large-scale Akerun projects were strong, while sales of MIWA Akerun Technologies for residential properties also grew. Operating profit increased as a result of strong sales growth and greater efficiency in selling, general and administrative 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.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026 | Photosynth inc. (4379) timely disclosure | Komori