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Financial results presentation4413baudroie,inc.Information and Communications, Services and Others

Supplementary Materials for the Nine Months of the Fiscal Year Ending February 2026

For the cumulative third quarter of the fiscal year ending February 2026, revenue was ¥12.32 billion and operating profit was ¥2.36 billion, both exceeding the year-earlier period. Progress rates by line item against the full-year forecast were presented, along with a policy to consolidate リクソル from the fourth quarter and begin paying a year-end dividend.

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
46.3
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings report2026年2月期 第3四半期13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥12,323,526 thousand+46.3%
Operating profit¥2,358,099 thousand+36.1%
Ordinary income2,341,873 千円+34.9%税引前当期利益
Net income1,702,042 千円+36.0%当期利益
Gross Profit Margin連結の四半期別推移として2026年2月期第3四半期34.6%。前年同期比の明示なし。新規連結3社を除いた売上総利益率は前年を上回ると説明。
Operating profit margin2026年2月期第3四半期18.4%。前年同期比の明示なし。子会社連結の影響を受けつつも、下期偏重により上昇と説明。
Results for the three months of the current quarter2026年2月期第3四半期単独の売上高3,223,713千円、営業利益607,124千円を四半期推移グラフに掲載。
Full-year earnings forecast
Net Sales
¥17,100,000 thousand
Operating profit
¥3,250,000 thousand
Profit before tax
¥3,234,890 thousand
Profit for the period
¥2,345,295 thousand
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 Sales72.1%
Operating profit72.6%
Profit before tax72.4%
Profit for the period72.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
計画通り進捗中。通期予想を上回る業績を目指して進捗中。
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
完成納品ベース案件の検収時期、エンジニアの戦力化・配属替え、新規連結子会社の影響などを文章で説明。要因別金額はNot disclosed。
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
例年通り下期偏重、完成納品案件の検収時期、エンジニアの戦力化・配属替えを前提・見通しとして説明。為替・原材料価格・金利等の数値前提はNot disclosed。
New initiatives
  • 株式会社リクソルを子会社化し、第4四半期から連結予定
  • 期末配当を開始し、年間配当7.58円・配当性向10%を予想
  • 買収対価の一部に自社株式を用い、買収先経営陣のオーナーシップを残すM&Aスキームを検討
  • 子会社への技術共有・研修を通じて専門人材・高度専門人材を育成
Key KPIsA metric the company considers important as a management benchmark.
  • Specialist talent490 people
    Year on year against the same period last year前年同期ではなく過年度比較（2025年2月期408名）
  • Highly specialized professionals293 people
    Year on year against the same period last year前年同期ではなく過年度比較（2025年2月期223名）
  • エンタープライズ顧客売上割合（単体）70.2 %
    Year on year against the same period last year2025年2月期72.1%
  • エンタープライズ顧客社数（単体）31 companies
    Year on year against the same period last year2025年2月期28社
  • 先端技術分野売上割合（単体）63.2 %
    Year on year against the same period last year2025年2月期63.2%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
エンタープライズ顧客の1社あたり平均売上と社数を掲載。2026年2月期第3四半期は、ボードルア単体で平均売上167,644千円・31社、ボードルア＋アクティアスで平均売上121,235千円・38社。
Medium-term management plan targets
Net Sales
Fiscal year ended February 2026¥15,500 million
Fiscal year ending February 2027¥20,150 million
Fiscal year ending February 2028¥26,195 million
Operating profit
Fiscal year ended February 2026¥3,600 million
Fiscal year ending February 2027¥4,225 million
Fiscal year ending February 2028¥5,493 million
Human Resources
Fiscal year ending February 2028
Highly specialized professionals470 people
Specialist talent910 people
Market Size / Share
  • 国内IT市場全体¥30 trillion
    As of2028
  • ITインフラストラクチャサービス市場¥2.6 trillion
    As of2028
  • クラウド（国内市場）¥4.3 trillion
    As of2026
  • セキュリティ（国内市場）¥5,317 100 million
    As of2026
Number of stores and locations
店舗数Not disclosed。拠点は本社・第二オフィスを記載。期中の出退店数Not disclosed。
Number of employees
単体1,294名（正社員・契約社員含む、2025年11月現在）。期中増減・採用計画Not disclosed。
Annual Dividend
Annual dividend amount¥7.58 per share
End of period¥7.58 per share
Payout ratio
10
Acquisition of treasury shares
Number of shares acquired610,400 Shares
PeriodDecember 2024 to April 2025
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period Covered2026年2月期 第3四半期
Net Sales¥12,323,526 thousand (YoY +46.3%)
Operating profit¥2,358,099 thousand (YoY +36.1%)
Ordinary income2,341,873 千円（税引前当期利益） (YoY +34.9%)
Net income1,702,042 千円（当期利益） (YoY +36.0%)
Gross Profit Margin連結の四半期別推移として2026年2月期第3四半期34.6%。前年同期比の明示なし。新規連結3社を除いた売上総利益率は前年を上回ると説明。
Operating profit margin2026年2月期第3四半期18.4%。前年同期比の明示なし。子会社連結の影響を受けつつも、下期偏重により上昇と説明。
Results for the three months of the current quarter2026年2月期第3四半期単独の売上高3,223,713千円、営業利益607,124千円を四半期推移グラフに掲載。
Full-year earnings forecastNet Sales ¥17,100,000 thousand / Operating profit ¥3,250,000 thousand / Profit before tax ¥3,234,890 thousand / Profit for the period ¥2,345,295 thousand
Progress against full-year forecastNet Sales 72.1% / Operating profit 72.6% / Profit before tax 72.4% / Profit for the period 72.6%
Self-assessment against the plan計画通り進捗中。通期予想を上回る業績を目指して進捗中。
Breakdown of Factors Affecting the Change完成納品ベース案件の検収時期、エンジニアの戦力化・配属替え、新規連結子会社の影響などを文章で説明。要因別金額はNot disclosed。
Key KPIsIndicator Specialist talent / Value 490 people / Year on year against the same period last year 前年同期ではなく過年度比較（2025年2月期408名）, Indicator Highly specialized professionals / Value 293 people / Year on year against the same period last year 前年同期ではなく過年度比較（2025年2月期223名）, Indicator エンタープライズ顧客売上割合（単体） / Value 70.2 % / Year on year against the same period last year 2025年2月期72.1%, Indicator エンタープライズ顧客社数（単体） / Value 31 companies / Year on year against the same period last year 2025年2月期28社, Indicator 先端技術分野売上割合（単体） / Value 63.2 % / Year on year against the same period last year 2025年2月期63.2%
Unit price and quantity metricsエンタープライズ顧客の1社あたり平均売上と社数を掲載。2026年2月期第3四半期は、ボードルア単体で平均売上167,644千円・31社、ボードルア＋アクティアスで平均売上121,235千円・38社。
Number of stores and locations店舗数Not disclosed。拠点は本社・第二オフィスを記載。期中の出退店数Not disclosed。
Number of employees単体1,294名（正社員・契約社員含む、2025年11月現在）。期中増減・採用計画Not disclosed。
Assumptions Underlying the Business Outlook例年通り下期偏重、完成納品案件の検収時期、エンジニアの戦力化・配属替えを前提・見通しとして説明。為替・原材料価格・金利等の数値前提はNot disclosed。
Medium-term management plan targetsNet Sales Fiscal year ended February 2026 ¥15,500 million / Fiscal year ending February 2027 ¥20,150 million / Fiscal year ending February 2028 ¥26,195 million / Operating profit Fiscal year ended February 2026 ¥3,600 million / Fiscal year ending February 2027 ¥4,225 million / Fiscal year ending February 2028 ¥5,493 million / Human Resources Fiscal year ending February 2028 Highly specialized professionals 470 people / Specialist talent 910 people
Annual DividendAnnual dividend amount ¥7.58 per share / Interim Not disclosed / End of period ¥7.58 per share
Payout ratio10
Acquisition of treasury sharesNumber of shares acquired 610,400 Shares / Period December 2024 to April 2025
Market Size / ShareMarket 国内IT市場全体 / Market Size ¥30 trillion / As of ¥2028 trillion, Market ITインフラストラクチャサービス市場 / Market Size ¥2.6 trillion / As of ¥2028 trillion, Market クラウド（国内市場） / Market Size ¥4.3 trillion / As of ¥2026 trillion, Market セキュリティ（国内市場） / Market Size ¥5,317 100 million / As of ¥2026 100 million
New initiatives株式会社リクソルを子会社化し、第4四半期から連結予定, 期末配当を開始し、年間配当7.58円・配当性向10%を予想, 買収対価の一部に自社株式を用い、買収先経営陣のオーナーシップを残すM&Aスキームを検討, 子会社への技術共有・研修を通じて専門人材・高度専門人材を育成
Items this document does not state (7)
Selling, general and administrative expensesSegment resultsRisk amount incorporated into the outlookFinancial targetsCapital 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.

売上高については、完成納品ベースの案件の検収が第1四半期より第2四半期以降・下期に増えること、2年目以降のエンジニアの戦力化に伴って専門人材・高度専門人材の配属替えを下期に実施することを、下期偏重の理由として説明している。また、SPIN TECHNOLOGY、悟空テクノロジーズ、ONE-TECHの3社を第2四半期から連結している。

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Supplementary Materials for the Nine Months of the Fiscal Year Ending February 2026 | baudroie,inc. (4413) timely disclosure | Komori