Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
32.3
Year-on-year change (revenue, %)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,033 million+32.3%
Operating profit¥80 million+61.9%
Net income¥81 million+18.8%
Results for the three months of the current quarterRevenue of ¥1,033 million, gross profit of ¥741 million, adjusted EBITDA of ¥192 million, operating profit of ¥80 million, and net income attributable to owners of the parent of ¥81 million for the three months of the quarter. Year-on-year changes are provided for all items.
Full-year earnings forecast
Net Sales
¥4,062 million
Adjusted EBITDA
¥720 million
Operating profit
¥240 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%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit progress was 72.4% of the full-year guidance, significantly ahead of planNew initiatives
- Sales partner agreements with companies in the 光通信 Group
- Selection for AWS Japan's Physical AI Development Support Program
- Opening and commencement of operations at the Photosynth Physical AI Lab research and development center
- Packaging and cross-selling through the combined deployment of Akerun, Migakun and fixU
Key KPIsA metric the company considers important as a management benchmark.
- ARR¥35 100 millionYear on year against the same period last year+15.5%
- ARPU¥50,542Year on year against the same period last year+13.4%
- Churn Rate0.87 %
- Number of contracted companies5,755 companies
- Recurring revenue ratio84.2 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ARPU
¥50,542+13.4%
Number of contracted companies
5,755 companies
Medium-term management plan targets
Period Covered2026-2028
Revenue growth20〜30%
FY28 revenue¥5.8–7.5 billion
FY28 adjusted EBITDA¥1.16–1.5 billion
Number of stores and locations
Opened and began operations at the Photosynth Physical AI Lab research and development center. The number of stores and openings and closures during the period are Not disclosed.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥1,033 million (YoY +32.3%) |
| Operating profit | ¥80 million (YoY +61.9%) |
| Net income | ¥81 million (YoY +18.8%) |
| Results for the three months of the current quarter | Revenue of ¥1,033 million, gross profit of ¥741 million, adjusted EBITDA of ¥192 million, operating profit of ¥80 million, and net income attributable to owners of the parent of ¥81 million for the three months of the quarter. Year-on-year changes are provided for all items. |
| Full-year earnings forecast | Net Sales ¥4,062 million / Adjusted EBITDA ¥720 million / Operating profit ¥240 million |
| Progress against full-year forecast | Net Sales 50.5% / Adjusted EBITDA 53.7% / Operating profit 72.4% |
| Self-assessment against the plan | Operating profit progress was 72.4% of the full-year guidance, significantly ahead of plan |
| Key KPIs | Indicator name ARR / Value ¥35 100 million / Year on year against the same period last year ¥15.5 100 million, Indicator name ARPU / Value ¥50,542 / Year on year against the same period last year ¥13.4, Indicator name Churn Rate / 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, Indicator name Recurring revenue ratio / Value 84.2 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | ARPU ¥50,542 (YoY +13.4%) / Number of contracted companies 5,755 companies |
| Number of stores and locations | Opened and began operations at the Photosynth Physical AI Lab research and development center. The number of stores and openings and closures during the period are Not disclosed. |
| Medium-term management plan targets | Period Covered 2026-2028 / Revenue growth 20〜30% / FY28 revenue ¥5.8–7.5 billion / FY28 adjusted EBITDA ¥1.16–1.5 billion |
| New initiatives | Sales partner agreements with companies in the 光通信 Group, Selection for AWS Japan's Physical AI Development Support Program, Opening and commencement of operations at the Photosynth Physical AI Lab research and development center, Packaging and cross-selling through the combined deployment of Akerun, Migakun and fixU |
Items this document does not state (17)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.Orders secured through sales partner agreements with companies in the 光通信 Group, deployments at major companies and facilities operating nationwide, and cross-selling through the combined deployment of Akerun, Migakun and fixU all progressed steadily. The company also captured demand for unmanned and labor-saving operations and advanced collaboration among solutions such as digital identification cards and student ID cards.
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.