Worth reading
69In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
17
%Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationSecond 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¥5,693 million+87.7%
Operating profit¥1,124 million+155.5%
Ordinary income¥850 million+108.3%
Net income¥552 million+112.3%
Full-year earnings forecast
Individual
Net Sales
¥11,700 million
Gross profit
¥4,500 million
Operating profit
¥2,300 million
Ordinary income
¥1,100 million
Net income for the current fiscal year
¥650 million
Consolidated
Net Sales
¥12,600 million
Operating profitUndecided
Ordinary incomeUndecided
Net income for the current fiscal yearUndecided
Earnings per shareUndecided
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。
Individual
Net SalesBefore upward revision: 56.9%; after upward revision: 48.7%
Flow gross profit47.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Sales are progressing smoothly, and gross profit and operating income are also on trackBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- B-CUBICImpact on operating profit-¥48 million
- BRO-LOCKImpact on operating profit△¥26 million
- BRO-ROOMImpact on operating profit+¥628 million
- BRO-WALLImpact on operating profit+¥314 million
- OtherImpact on operating profit△¥11 million
- Increase in SG&A expensesImpact on operating profit-¥168 million
New initiatives
- Acquisition and consolidation of 日本中央管理株式会社
- Reorganization into the Internet Services and Real Estate Distribution and Management segments following consolidation
- Scheduled opening of an accommodation facility in Kinosaki, Hyogo Prefecture, in September 2026
- Discussions on converting a traditional building in Kashima, Saga Prefecture, into an accommodation facility
- Business alliance with AlbaLink
- Increasing the frequency of receivables securitization transactions from 1–2 times a year to 3–4 times a year
- Changing and expanding shareholder benefits, centered on digital gifts
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of B-CUBIC and B-CUBIC Next installations10,679 buildings
- Number of transaction management companies1,015 companiesYear on year against the same period last year+3 companies (2Q)
- Number of sales agencies336 companiesYear on year against the same period last year+38 companies (2Q)
- Proportion of flow revenue generated through distributors48 %
- Flow gross profit¥1,741 million
Medium-term management plan targets
FY2026
Net Sales¥10 billion
Market capitalization¥10 billion
Annual Dividend
Not disclosed (¥21.16 per share is a forecast, and no resolution to pay a dividend has been made)Payout ratio
20% (if net income after tax is at least ¥500 million)| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥5,693 million (YoY +87.7%) |
| Operating profit | ¥1,124 million (YoY +155.5%) |
| Ordinary income | ¥850 million (YoY +108.3%) |
| Net income | ¥552 million (YoY +112.3%) |
| Full-year earnings forecast | Individual Net Sales ¥11,700 million / Gross profit ¥4,500 million / Operating profit ¥2,300 million / Ordinary income ¥1,100 million / Net income for the current fiscal year ¥650 million / Consolidated Net Sales ¥12,600 million / Operating profit Undecided / Ordinary income Undecided / Net income for the current fiscal year Undecided / Earnings per share Undecided |
| Progress against full-year forecast | Individual Net Sales Before upward revision: 56.9%; after upward revision: 48.7% / Flow gross profit 47.0% |
| Self-assessment against the plan | Sales are progressing smoothly, and gross profit and operating income are also on track |
| Breakdown of Factors Affecting the Change | Factors B-CUBIC / Impact on operating profit -¥48 million, Factors BRO-LOCK / Impact on operating profit △¥26 million, Factors BRO-ROOM / Impact on operating profit +¥628 million, Factors BRO-WALL / Impact on operating profit +¥314 million, Factors Other / Impact on operating profit △¥11 million, Factors Increase in SG&A expenses / Impact on operating profit -¥168 million |
| Key KPIs | Indicator name Cumulative number of B-CUBIC and B-CUBIC Next installations / Value 10,679 buildings / Year on year against the same period last year Not disclosed, Indicator name Number of transaction management companies / Value 1,015 companies / Year on year against the same period last year +3 companies (2Q), Indicator name Number of sales agencies / Value 336 companies / Year on year against the same period last year +38 companies (2Q), Indicator name Proportion of flow revenue generated through distributors / Value 48 % / Year on year against the same period last year Not disclosed, Indicator name Flow gross profit / Value ¥1,741 million / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | FY2026 Net Sales ¥10 billion / Market capitalization ¥10 billion |
| Annual Dividend | Not disclosed (¥21.16 per share is a forecast, and no resolution to pay a dividend has been made) |
| Payout ratio | 20% (if net income after tax is at least ¥500 million) |
| New initiatives | Acquisition and consolidation of 日本中央管理株式会社, Reorganization into the Internet Services and Real Estate Distribution and Management segments following consolidation, Scheduled opening of an accommodation facility in Kinosaki, Hyogo Prefecture, in September 2026, Discussions on converting a traditional building in Kashima, Saga Prefecture, into an accommodation facility, Business alliance with AlbaLink, Increasing the frequency of receivables securitization transactions from 1–2 times a year to 3–4 times a year, Changing and expanding shareholder benefits, centered on digital gifts |
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition 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 for BRO-ROOM and BRO-WALL remained strong, while the accumulation of proposal expertise among sales partners and web marketing initiatives drove the creation of new projects. As a result, the sales and operating income forecasts were revised upward. The forecasts for ordinary income and net income were left unchanged because the non-operating expenses associated with multiple receivables securitization transactions planned for the second half cannot currently be reasonably estimated.
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.