Worth reading
61In focus
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
19.4
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥489 million+19.4%
Operating profit¥12 million+13.0%
Ordinary income¥13 million-12.4%
Net income¥6 million
Selling, general and administrative expenses¥238 million
Gross Profit Margin
Rate51.2%
Year-on-year change (points)-9.1
Operating profit margin
Rate2.5%
Year-on-year change (points)-0.1
Results for the three months of the current quarterRevenue: ¥489 million; gross profit: ¥250 million; operating profit: ¥12 million; profit before tax: ¥13 million; net profit: ¥6 million
Full-year earnings forecast
Net Sales
¥2,200 million
Gross profit
¥1,122 million
Operating profit
¥80 million
Ordinary income
¥78 million
Net income
¥63 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 Sales22.3%
Gross profit22.3%
Operating profit15.6%
Ordinary income17.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although profit at each stage is below the 25% benchmark, progress is considered solid in light of the accumulation of recurring revenue during the fiscal year and large projects expected from Q2 onward. Q1 was initially expected to be loss-making at the operating level, but ended in the black.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue growth factors
- Accumulation of contracts with manufacturers
- Accumulation of services provided to retailers
Revenue decline factors
- No large projects in spot-based services
Cost factors
- System-related costs: ¥120 million
- Personnel costs: ¥166 million
- Labor and outsourcing costs: ¥85 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Existing large projects are assumed to remain at maintenance-to-run-rate levels
- Upfront investment associated with building an ecosystem with AI startups is assumed
New initiatives
- Launch of a price simulation service using the US-based SAS forecasting system
- Launch of the transfer of purchase-segment data for advertising to FreakOut's DSP, Red
- Full-scale development, upselling and cross-selling of AI-related solutions
- Establishment of an M&A investment budget exceeding ¥1 billion
Key KPIsA metric the company considers important as a management benchmark.
- Number of manufacturer-facing solution implementations201 EngagementsYear on year against the same period last year+24.1%
- Annual active members6,500 10,000 people
- Purchase data scale¥10 trillion
- Number of companies using Eagle Eye solutions180 companies
- Red advertising inventory8,500 100 million impressions/month
Segment results
Manufacturer-facing solutions
Net Sales¥266 million, up 15.6% year on year
Number of installations201, up 24.1% year on year
Retail-facing solutions
Net Sales¥117 million, up 118.5% year on year
Retail media and other
Net Sales¥56 million, down 12.1% year on year
Spot-based services
Net Sales¥49 million, down 19.8% year on year
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2029
Net Sales¥3 billion plus
Operating profit¥300–400 million
Operating profit margin10％＋
M&A investment amountMore than ¥1 billion
Shareholder ReturnsTo commence during the period of the medium-term management plan
Financial targets
Operating margin of 10% or higher; actual figures such as the equity ratio are disclosed. Target figures for ROE, ROIC and the D/E ratio are not disclosedMarket Size / Share
Domestic annual sales of ¥42.9 trillion across four retail formats
Scale of proprietary dataApproximately ¥10.0 trillion
ShareEquivalent to slightly more than 20% of domestic retail sales across the four formats
Number of employees
Number of Employees97 people
Reference dateEnd of March 2026
Capital expenditures
30 Millions of yen FY3/26 actual
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥489 million (YoY +19.4%) |
| Operating profit | ¥12 million (YoY +13.0%) |
| Ordinary income | ¥13 million (YoY -12.4%) |
| Net income | ¥6 million |
| Gross Profit Margin | Rate 51.2% / Year-on-year change (points) -9.1 |
| Operating profit margin | Rate 2.5% / Year-on-year change (points) -0.1 |
| Selling, general and administrative expenses | ¥238 million |
| Results for the three months of the current quarter | Revenue: ¥489 million; gross profit: ¥250 million; operating profit: ¥12 million; profit before tax: ¥13 million; net profit: ¥6 million |
| Full-year earnings forecast | Net Sales ¥2,200 million / Gross profit ¥1,122 million / Operating profit ¥80 million / Ordinary income ¥78 million / Net income ¥63 million |
| Progress against full-year forecast | Net Sales 22.3% / Gross profit 22.3% / Operating profit 15.6% / Ordinary income 17.1% |
| Self-assessment against the plan | Although profit at each stage is below the 25% benchmark, progress is considered solid in light of the accumulation of recurring revenue during the fiscal year and large projects expected from Q2 onward. Q1 was initially expected to be loss-making at the operating level, but ended in the black. |
| Segment results | Manufacturer-facing solutions Net Sales ¥266 million, up 15.6% year on year / Number of installations 201, up 24.1% year on year / Retail-facing solutions Net Sales ¥117 million, up 118.5% year on year / Retail media and other Net Sales ¥56 million, down 12.1% year on year / Spot-based services Net Sales ¥49 million, down 19.8% year on year |
| Breakdown of Factors Affecting the Change | Revenue growth factors Accumulation of contracts with manufacturers, Accumulation of services provided to retailers / Revenue decline factors No large projects in spot-based services / Cost factors System-related costs: ¥120 million, Personnel costs: ¥166 million, Labor and outsourcing costs: ¥85 million |
| Key KPIs | Indicator name Number of manufacturer-facing solution implementations / Value 201 Engagements / Year on year against the same period last year 24.1 Engagements, Indicator name Annual active members / Value 6,500 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Purchase data scale / Value ¥10 trillion / Year on year against the same period last year Not disclosed, Indicator name Number of companies using Eagle Eye solutions / Value 180 companies / Year on year against the same period last year Not disclosed, Indicator name Red advertising inventory / Value 8,500 100 million impressions/month / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 97 people / Reference date End of March 2026 / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Existing large projects are assumed to remain at maintenance-to-run-rate levels, Upfront investment associated with building an ecosystem with AI startups is assumed |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2029 / Net Sales ¥3 billion plus / Operating profit ¥300–400 million / Operating profit margin 10％＋ / M&A investment amount More than ¥1 billion / Shareholder Returns To commence during the period of the medium-term management plan |
| Financial targets | Operating margin of 10% or higher; actual figures such as the equity ratio are disclosed. Target figures for ROE, ROIC and the D/E ratio are not disclosed |
| Capital expenditures | 30 Millions of yen (FY3/26 actual) |
| Market Size / Share | Market Size Domestic annual sales of ¥42.9 trillion across four retail formats / Scale of proprietary data Approximately ¥10.0 trillion / Share Equivalent to slightly more than 20% of domestic retail sales across the four formats |
| New initiatives | Launch of a price simulation service using the US-based SAS forecasting system, Launch of the transfer of purchase-segment data for advertising to FreakOut's DSP, Red, Full-scale development, upselling and cross-selling of AI-related solutions, Establishment of an M&A investment budget exceeding ¥1 billion |
Items this document does not state (8)
Unit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.For manufacturers, the number of implementations increased as contracts for FOODATA, developed in collaboration with ITOCHU Corporation, continued to accumulate. Services provided to major retailers also continued to build. Revenue from spot-based services declined in the absence of large projects, while profit remained broadly flat due to higher system and personnel costs.
How to read this page
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