Komori
Results4390IPS,Inc.Information and Communications, Services and Others

Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP]

For the six months ended September 2027, revenue increased slightly year on year, while profit from operating income downward declined. The full-year earnings forecast and annual dividend forecast were both left unchanged from the previous plan.

Worth reading
45Recurring
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
0.4
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales7,886¥ millionYear on year +0.4%Progress 39.3%
Operating profit2,335¥ millionYear on year -0.7%Progress 38.3%
Ordinary income2,169¥ millionYear on year -6.3%Progress 35.1%
Net income attributable to owners of the parent1,517¥ millionYear on year -5.6%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥115.86
Financial position at period-end
Total assets53,303¥ million
of which net assets 27,063 ¥ millionEquity ratio 37.1%vs. prior year-end +0.1pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+1,272
Investment-2,542
Financials-23
Net change-1,293

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥2,221 million
Segment revenueInternational telecommunications business ¥5,924 million (YoY +1.1%), Domestic telecommunications business ¥1,122 million (YoY -8.1%), Medical and healthcare business ¥839 million (YoY +8.8%)
Segment profitInternational telecommunications business ¥2,214 million (YoY +3.1%), Domestic telecommunications business ¥89 million (YoY -61.1%), Medical and healthcare business ¥30 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥20,080 million (YoY +18.1%)
Operating profit¥6,100 million (YoY +13.6%)
Ordinary income¥6,177 million (YoY +6.7%)
Profit attributable to owners of the parent¥4,200 million (YoY +0.1%)
Annual Dividend Forecast¥40 → ¥40(0.0%)
Factors Behind Changes in Business Performance

The International Communications business reported higher revenue and profit, driven by network expansion into regional areas, communications equipment sales, the provision of small-capacity plans and growth in internet connectivity services for corporate customers. The Domestic Communications business reported lower revenue and profit due to the loss of high-margin projects. The Medical & Healthcare business reported higher revenue and profit as a result of revising its marketing methods, offering flexible pricing and service structures, and increasing visits to health screening centres.

Disclosure regarding the going concern assumption

None

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not applicable
Material subsequent eventsPayment for the issuance of 1,263,500 new shares through a public offering was completed on 20 October 2026. Payment for the issuance of new shares through a third-party allotment, capped at 189,500 shares, is scheduled for 18 November 2026. The use of proceeds is capital expenditure related to the development of the Wakayama branch of the International Submarine Cable and the Wakayama International Submarine Cable Landing Station.
Impairment lossNone applicable (no impairment loss on fixed assets applicable)
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of subscription rights to shares ¥9 million / Extraordinary loss No
Depreciation and amortization¥560 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End13,108,900 shares
Treasury Shares at Period-End505 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥7,886 million (YoY +0.4%)
Operating profit¥2,335 million (YoY -0.7%)
Ordinary income¥2,169 million (YoY -6.3%)
Profit attributable to owners of the parent¥1,517 million (YoY -5.6%)
Net income per share¥115.86
Equity ratioEnd of the current fiscal period 37.1 / End of previous period 37
Total assets¥53,303 million
Net assets¥27,063 million
Cash flows from operating activities¥1,272 million
Cash flows from investing activities¥-2,542 million
Cash flows from financing activities¥-23 million
Cash and cash equivalents at end of period¥2,221 million
Full-year earnings forecastNet Sales ¥20,080 million (YoY +18.1%) / Operating profit ¥6,100 million (YoY +13.6%) / Ordinary income ¥6,177 million (YoY +6.7%) / Profit attributable to owners of the parent ¥4,200 million (YoY +0.1%)
Annual Dividend Forecast¥40 → ¥40(0.0%)
Segment revenueInternational telecommunications business ¥5,924 million (YoY +1.1%), Domestic telecommunications business ¥1,122 million (YoY -8.1%), Medical and healthcare business ¥839 million (YoY +8.8%)
Segment profitInternational telecommunications business ¥2,214 million (YoY +3.1%), Domestic telecommunications business ¥89 million (YoY -61.1%), Medical and healthcare business ¥30 million
Depreciation and amortization¥560 million
Impairment lossNone applicable (no impairment loss on fixed assets applicable)
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of subscription rights to shares ¥9 million / Extraordinary loss No
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not applicable
Material subsequent eventsPayment for the issuance of 1,263,500 new shares through a public offering was completed on 20 October 2026. Payment for the issuance of new shares through a third-party allotment, capped at 189,500 shares, is scheduled for 18 November 2026. The use of proceeds is capital expenditure related to the development of the Wakayama branch of the International Submarine Cable and the Wakayama International Submarine Cable Landing Station.
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End13,108,900 shares
Treasury Shares at Period-End505 shares
Factors Behind Changes in Business PerformanceThe International Communications business reported higher revenue and profit, driven by network expansion into regional areas, communications equipment sales, the provision of small-capacity plans and growth in internet connectivity services for corporate customers. The Domestic Communications business reported lower revenue and profit due to the loss of high-margin projects. The Medical & Healthcare business reported higher revenue and profit as a result of revising its marketing methods, offering flexible pricing and service structures, and increasing visits to health screening centres.
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog

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 International Communications business reported higher revenue and profit, driven by network expansion into regional areas and growth in internet connectivity services for corporate customers. The Domestic Communications business reported lower revenue and profit due to the loss of high-margin projects, while the Medical & Healthcare business reported higher revenue and profit as a result of revising its marketing methods, offering new pricing and service structures, and increasing visits to health screening centres.

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Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] | IPS,Inc. (4390) timely disclosure | Komori