Worth reading
57In focus
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
95
¥ million (operating profit for the first half)Wording
Definitive
How definitive the wording is.Contents of this document
Results presentationSecond quarter of FY2027/38 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,471 million+14.6%
Operating profit¥95 million
Ordinary income¥318 million
Net income8 Millions of yen interim net income/loss attributable to owners of the parent
Gross Profit Margin76.6
Operating profit margin6.5
Selling, general and administrative expenses¥1,031 million
Results for the three months of the current quarterEBITDA was ¥44 million in 2Q, compared with ¥130 million in 1Q. GMV in 2Q was approximately ¥2.4 billion. Quarterly revenue, gross profit and operating profit are also provided.
Full-year earnings forecast
Net Sales
¥2,949 million
Operating profit
¥53 million
EBITDA
¥173 million
Ordinary income
¥440 million
Net income attributable to owners of the parent
¥10 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit¥360 million
- Personnel costs and related expenses¥31 million
- Recruiting and training expenses¥-8 million
- Advertising, promotion and referral expenses¥-65 million
- Outsourcing and subcontracting expenses¥-16 million
- Rent¥-39 million
- Other¥-12 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Revenue growth+12.5% year on year
- Gross MarginApproximately 66.3% for the full year
- Selling, general and administrative expenses¥1,903 million, equivalent to no more than 70% of revenue
- Advertising expenses¥33 million reduction
- Outsourcing expenses¥68 million reduction
- Fixed Costs¥141 million reduction
New initiatives
- Formation and offering of a new fund, “AI FULL-STACK 10,” investing in large US-based unlisted AI-related companies
- Joint product development with グローバルマーケティング社 and collaboration in consulting and digital marketing
- Productivity improvement initiative to increase the proportion of work performed using AI agents to 80%
- Measures to prevent the recurrence of fund outflow incidents, including the remittance approval process and high-value transfer confirmation workflow
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative funding supportApproximately 308Year on year against the same period last year+49.0%
- AUMApproximately 573Year on year against the same period last year+17.6%
- GMV (first half)Approximately 98Year on year against the same period last year+154.7%
- First-half appointment count4,398 Deals
- Number of fund meetings900 Deals
- Gross profit per employee¥10.7 million
- EBITDA per employee¥1.7 million
Segment results
Finance
Net Sales
¥896 million+36.1%
Business profit
¥402 million
Growth
Net Sales
¥574 million-8.0%
Business profit
¥123 million
Financial targets
Equity ratio
Actual results6.0% (at 30 September 2026)
Equity ratio excluding fund investors' interests
Actual results36.1% (at 30 September 2026)
Orders received and order backlog
Order intake value target¥6 billion (internal stretch target)
Order intake target (number of orders)600 (internal stretch target)
Number of employees
Number of Employees105 People full-time employees, end of September 2026
Change during the periodChanged from 119 people in the first half of the fiscal year ended March 2026 to 105 people in the first half of the fiscal year ending March 2027
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter of FY2027/3 |
| Net Sales | ¥1,471 million (YoY +14.6%) |
| Operating profit | ¥95 million |
| Ordinary income | ¥318 million |
| Net income | 8 Millions of yen (interim net income/loss attributable to owners of the parent) |
| Gross Profit Margin | 76.6 |
| Operating profit margin | 6.5 |
| Selling, general and administrative expenses | ¥1,031 million |
| Results for the three months of the current quarter | EBITDA was ¥44 million in 2Q, compared with ¥130 million in 1Q. GMV in 2Q was approximately ¥2.4 billion. Quarterly revenue, gross profit and operating profit are also provided. |
| Full-year earnings forecast | Net Sales ¥2,949 million / Operating profit ¥53 million / EBITDA ¥173 million / Ordinary income ¥440 million / Net income attributable to owners of the parent ¥10 million |
| Segment results | Finance Net Sales ¥896 million (YoY +36.1%) / Business profit ¥402 million / Growth Net Sales ¥574 million (YoY -8.0%) / Business profit ¥123 million |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit / Amount ¥360 million, Factors Personnel costs and related expenses / Amount ¥31 million, Factors Recruiting and training expenses / Amount ¥-8 million, Factors Advertising, promotion and referral expenses / Amount ¥-65 million, Factors Outsourcing and subcontracting expenses / Amount ¥-16 million, Factors Rent / Amount ¥-39 million, Factors Other / Amount ¥-12 million |
| Key KPIs | Indicator name Cumulative funding support / Value Approximately 308 / Year on year against the same period last year 49 yen, Indicator name AUM / Value Approximately 573 / Year on year against the same period last year 17.6 yen, Indicator name GMV (first half) / Value Approximately 98 / Year on year against the same period last year 154.7 yen, Indicator name First-half appointment count / Value 4,398 Deals / Year on year against the same period last year Not disclosed, Indicator name Number of fund meetings / Value 900 Deals / Year on year against the same period last year Not disclosed, Indicator name Gross profit per employee / Value ¥10.7 million / Year on year against the same period last year Not disclosed, Indicator name EBITDA per employee / Value ¥1.7 million / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 105 People (full-time employees, end of September 2026) / Change during the period Changed from 119 people in the first half of the fiscal year ended March 2026 to 105 people in the first half of the fiscal year ending March 2027 |
| Assumptions Underlying the Business Outlook | Item Revenue growth / Value +12.5% year on year, Item Gross Margin / Value Approximately 66.3% for the full year, Item Selling, general and administrative expenses / Value ¥1,903 million, equivalent to no more than 70% of revenue, Item Advertising expenses / Value ¥33 million reduction, Item Outsourcing expenses / Value ¥68 million reduction, Item Fixed Costs / Value ¥141 million reduction |
| Financial targets | Equity ratio Actual results 6.0% (at 30 September 2026) / Equity ratio excluding fund investors' interests Actual results 36.1% (at 30 September 2026) |
| Orders received and order backlog | Order intake value target ¥6 billion (internal stretch target) / Order intake target (number of orders) 600 (internal stretch target) |
| New initiatives | Formation and offering of a new fund, “AI FULL-STACK 10,” investing in large US-based unlisted AI-related companies, Joint product development with グローバルマーケティング社 and collaboration in consulting and digital marketing, Productivity improvement initiative to increase the proportion of work performed using AI agents to 80%, Measures to prevent the recurrence of fund outflow incidents, including the remittance approval process and high-value transfer confirmation workflow |
Items this document does not state (12)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout 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.The main factors were that a large-scale fundraising engagement in 1Q drove earnings and the increase in gross profit exceeded the increase in SG&A expenses. In the Finance segment, the increase in cumulative fundraising support amount contributed, while in the Growth segment, グローバルマーケティング社's turnaround to an operating profit in 2Q contributed.
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.