Worth reading
68In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
56.6
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsQ3 FY202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,661 million+5.1%
Operating profit¥231 million-12.8%
Ordinary income¥236 million-10.8%
Net income¥138 million-21.8%
Operating profit margin
Rate4.1%
Year on year against the same period last year-0.8pt
Full-year earnings forecast
Net Sales
¥7,952 million
Gross profit
¥1,657 million
Operating profit
¥381 million
Ordinary income
¥380 million
Profit attributable to owners of the parent
¥256 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 Sales71.2%
Gross profit71.3%
Operating profit60.6%
Ordinary income62.2%
Profit attributable to owners of parent for the quarter53.9%
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 profit77.5
Increase in personnel expenses-61.9
Increase in fees paid-14.2
Increase in advisory fees-10.6
Increase in depreciation and amortization expense-8.3
Increase in amortization of goodwill-5.1
Increase in taxes and dues-5
Increase in rent and lease expenses-4.5
Other-1.5
New initiatives
- Development of “Pijyetore,” an AI-powered education platform
- Expansion of security product functionality and investment in new services
- Expansion of the Osaka office
- Improvement of the working environment at the Tokyo office
- Investment in developing additional functionality for core systems
- Provision of “Cornelius-EDR by Heimdal,” an integrated cybersecurity platform
Key KPIsA metric the company considers important as a management benchmark.
- Prime contractor ratio (company-wide)33.3 %Year on year against the same period last year+1.6pt
- Number of business partners186 PeopleYear on year against the same period last year+7 partners
- Equity ratio45.6 %
- ROE20.8 %
Segment results
Systems Integration business
Net Sales
¥5,063 million+6.1%
Profit
¥1,002 million+6.8%
Operating margin19.8%
Education services and security solutions business
Net Sales
¥597 million-2.9%
Profit
¥179 million+8.5%
Operating margin30.0%
Medium-term management plan targets
Vision2028
Target fiscal yearFiscal year ending September 2028
Net Sales¥10 billion
Operating profit¥1 billion
Fiscal year ending September 2026
Net Sales¥7.952 billion
Operating profit¥381 million
Number of stores and locations
Group locations are in Tokyo, Osaka, Nagoya, Yokohama, Shizuoka, Fukuoka and Yamaguchi. The number of openings and closures during the period was Not disclosed.Number of employees
Number of Employees766 People
As ofApril 2026
Hiring planPlans to continue hiring new graduates and mid-career employees at approximately the same scale
Annual Dividend
Fiscal year ending September 2026
Annual¥28.00
Payout ratio
Target consolidated payout ratio of 30%–35%. Planned payout ratio for FY2026/9: 31.8%; DOE: 4.6%Gross profit
Rate20.9%
Year on year against the same period last year+0.4pt
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥5,661 million (YoY +5.1%) |
| Operating profit | ¥231 million (YoY -12.8%) |
| Ordinary income | ¥236 million (YoY -10.8%) |
| Net income | ¥138 million (YoY -21.8%) |
| Gross profit | Rate 20.9% / Year on year against the same period last year +0.4pt |
| Operating profit margin | Rate 4.1% / Year on year against the same period last year -0.8pt |
| Full-year earnings forecast | Net Sales ¥7,952 million / Gross profit ¥1,657 million / Operating profit ¥381 million / Ordinary income ¥380 million / Profit attributable to owners of the parent ¥256 million |
| Progress against full-year forecast | Net Sales 71.2% / Gross profit 71.3% / Operating profit 60.6% / Ordinary income 62.2% / Profit attributable to owners of parent for the quarter 53.9% |
| Segment results | Systems Integration business Net Sales ¥5,063 million (YoY +6.1%) / Profit ¥1,002 million (YoY +6.8%) / Operating margin 19.8% / Education services and security solutions business Net Sales ¥597 million (YoY -2.9%) / Profit ¥179 million (YoY +8.5%) / Operating margin 30.0% |
| Breakdown of Factors Affecting the Change | Increase in gross profit 77.5 / Increase in personnel expenses -61.9 / Increase in fees paid -14.2 / Increase in advisory fees -10.6 / Increase in depreciation and amortization expense -8.3 / Increase in amortization of goodwill -5.1 / Increase in taxes and dues -5 / Increase in rent and lease expenses -4.5 / Other -1.5 |
| Key KPIs | Indicator name Prime contractor ratio (company-wide) / Value 33.3 % / Year on year against the same period last year +1.6pt, Indicator name Number of business partners / Value 186 People / Year on year against the same period last year +7 partners, Indicator name Equity ratio / Value 45.6 % / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 20.8 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Group locations are in Tokyo, Osaka, Nagoya, Yokohama, Shizuoka, Fukuoka and Yamaguchi. The number of openings and closures during the period was Not disclosed. |
| Number of employees | Number of Employees 766 People / As of April 2026 / Hiring plan Plans to continue hiring new graduates and mid-career employees at approximately the same scale |
| Medium-term management plan targets | Vision2028 Target fiscal year Fiscal year ending September 2028 / Net Sales ¥10 billion / Operating profit ¥1 billion / Fiscal year ending September 2026 Net Sales ¥7.952 billion / Operating profit ¥381 million |
| Annual Dividend | Fiscal year ending September 2026 Annual ¥28.00 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Target consolidated payout ratio of 30%–35%. Planned payout ratio for FY2026/9: 31.8%; DOE: 4.6% |
| New initiatives | Development of “Pijyetore,” an AI-powered education platform, Expansion of security product functionality and investment in new services, Expansion of the Osaka office, Improvement of the working environment at the Tokyo office, Investment in developing additional functionality for core systems, Provision of “Cornelius-EDR by Heimdal,” an integrated cybersecurity platform |
Items this document does not state (12)
Selling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsAssumptions 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.Revenue increased on the back of solid demand for IT investment, high engineer utilization, and demand for security and reskilling. Operating profit and below declined due to growth investments, including human capital investment, head office relocation-related costs, expansion of the Osaka office, internal IT infrastructure improvements, and M&A-related expenses.
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.