Worth reading
84Important
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
199
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending February 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,933 million+29.4%
Operating profit¥398 million+99.6%
Ordinary income¥391 million+92.0%
Net income¥324 million+185.1%
Gross Profit Margin10.2%
Operating profit margin3.3%
Results for the three months of the current quarterRevenue: ¥11,933 million; gross profit: ¥1,220 million; operating profit: ¥398 million; ordinary profit: ¥391 million; net income attributable to owners of the parent: ¥324 million
Full-year earnings forecast
Net Sales
¥47,184 million
Gross profit
¥4,832 million
Operating profit
¥1,310 million
Ordinary income
¥1,398 million
Profit attributable to owners of the parent
¥904 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 Sales25.3%
Gross profit25.2%
Operating profit30.4%
Profit attributable to owners of the parent35.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing at profit levels in line with the planKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
The anticipated Q&A covers the amounts of the G-gen fund and yen depreciation impacts, the status of unprofitable projects, and the factors behind the increase in resale ARPUBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating profit+¥198 million
Resale+¥2,477 million
Cloud Integration+¥160 million
MSP+¥71 million
Other sales+¥5 million
Labor Costs+¥105 million
Manufacturing expenses+¥108 million
Cost of sales+¥96 million
Selling, general and administrative expenses+¥96 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate used for resale revenue¥150.22 per US dollar
Q1 average exchange rateQ1 average exchange rate: ¥159.90 per US dollar
Foreign exchange sensitivityApproximately ¥266 million in annual revenue and ¥21 million in annual operating profit per ¥1 change
New initiatives
- Entered into the Anthropic Authorized Reseller Program for Amazon Bedrock
- Company-wide adoption of Claude Enterprise
- Capital partnership with ラーゲイト社, a generative AI startup
- Launch of an AI-driven development support service
- Became Japan's first certified AWS Partner Led AMS provider and launched Serverworks' integrated MSP service
- Decision to establish Serverworks Thailand
- Launch of Wiz services
Key KPIsA metric the company considers important as a management benchmark.
- Stock revenue ratio94.2%
- Number of AWS accounts8,061 units
- ARPU20.1 K USD
- AWS implementation track record1,570 companies
- AWS implementation projects31,700 More than projects
- AWS certifications1,655 Cumulative total
- Google Cloud certifications600 Cumulative total
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of projects2,858 Engagements
- Average project value¥315 thousand
- Number of customers155 companies
- Average number of projects per customer2.03 Engagements
- Number of AWS accounts8,061 units
- ARPU20.1 K USD
Segment results
Single cloud business segment. Revenue and profit breakdown by segment: Not disclosedMedium-term management plan targets
Second year of the medium-term management policy. Promote AI, security and overseas expansion centered on the SCA with AWSNumber of stores and locations
No stores. Main locations are Tokyo, Osaka, Sendai, Niigata and FukuokaNumber of employees
Number of Employees557 People consolidated, as of the end of May 2026
Change during the period557 people, up from 520 in the fiscal year ended February 2026
Hiring planMid-career hiring plan: 69 people; Q1 progress: 33 hires and accepted offers, plus 32 new graduates hired
Annual Dividend
FY2027/2 forecast¥30 per share
Payout ratio
Consolidated payout ratio of approximately 20–30%, a DOE floor of 1.0%, and a total payout ratio target of 25–50%Acquisition of treasury shares
Actual purchasesApproximately ¥1.1 billion in the fiscal year ended February 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending February 2027 |
| Net Sales | ¥11,933 million (YoY +29.4%) |
| Operating profit | ¥398 million (YoY +99.6%) |
| Ordinary income | ¥391 million (YoY +92.0%) |
| Net income | ¥324 million (YoY +185.1%) |
| Gross Profit Margin | 10.2% |
| Operating profit margin | 3.3% |
| Results for the three months of the current quarter | Revenue: ¥11,933 million; gross profit: ¥1,220 million; operating profit: ¥398 million; ordinary profit: ¥391 million; net income attributable to owners of the parent: ¥324 million |
| Full-year earnings forecast | Net Sales ¥47,184 million / Gross profit ¥4,832 million / Operating profit ¥1,310 million / Ordinary income ¥1,398 million / Profit attributable to owners of the parent ¥904 million |
| Progress against full-year forecast | Net Sales 25.3% / Gross profit 25.2% / Operating profit 30.4% / Profit attributable to owners of the parent 35.8% |
| Self-assessment against the plan | Progressing at profit levels in line with the plan |
| Segment results | Single cloud business segment. Revenue and profit breakdown by segment: Not disclosed |
| Breakdown of Factors Affecting the Change | Year-on-year change in operating profit +¥198 million / Resale +¥2,477 million / Cloud Integration +¥160 million / MSP +¥71 million / Other sales +¥5 million / Labor Costs +¥105 million / Manufacturing expenses +¥108 million / Cost of sales +¥96 million / Selling, general and administrative expenses +¥96 million |
| Key KPIs | Indicator name Stock revenue ratio / Value 94.2% / Year on year against the same period last year Not disclosed, Indicator name Number of AWS accounts / Value 8,061 units / Year on year against the same period last year Not disclosed, Indicator name ARPU / Value 20.1 K USD / Year on year against the same period last year Not disclosed, Indicator name AWS implementation track record / Value 1,570 companies / Year on year against the same period last year Not disclosed, Indicator name AWS implementation projects / Value 31,700 More than projects / Year on year against the same period last year Not disclosed, Indicator name AWS certifications / Value 1,655 Cumulative total / Year on year against the same period last year Not disclosed, Indicator name Google Cloud certifications / Value 600 Cumulative total / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Number of projects / Value 2,858 Engagements / Year on year against the same period last year Not disclosed, Indicator name Average project value / Value ¥315 thousand / Year on year against the same period last year Not disclosed, Indicator name Number of customers / Value 155 companies / Year on year against the same period last year Not disclosed, Indicator name Average number of projects per customer / Value 2.03 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of AWS accounts / Value 8,061 units / Year on year against the same period last year Not disclosed, Indicator name ARPU / Value 20.1 K USD / Year on year against the same period last year Not disclosed |
| Number of stores and locations | No stores. Main locations are Tokyo, Osaka, Sendai, Niigata and Fukuoka |
| Number of employees | Number of Employees 557 People (consolidated, as of the end of May 2026) / Change during the period 557 people, up from 520 in the fiscal year ended February 2026 / Hiring plan Mid-career hiring plan: 69 people; Q1 progress: 33 hires and accepted offers, plus 32 new graduates hired |
| Assumptions Underlying the Business Outlook | Exchange rate used for resale revenue ¥150.22 per US dollar / Q1 average exchange rate Q1 average exchange rate: ¥159.90 per US dollar / Foreign exchange sensitivity Approximately ¥266 million in annual revenue and ¥21 million in annual operating profit per ¥1 change |
| Medium-term management plan targets | Second year of the medium-term management policy. Promote AI, security and overseas expansion centered on the SCA with AWS |
| Annual Dividend | FY2027/2 forecast ¥30 per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Consolidated payout ratio of approximately 20–30%, a DOE floor of 1.0%, and a total payout ratio target of 25–50% |
| Acquisition of treasury shares | Actual purchases Approximately ¥1.1 billion in the fiscal year ended February 2026 / Acquisition limit and period Not disclosed |
| Key points of the Q&A | The anticipated Q&A covers the amounts of the G-gen fund and yen depreciation impacts, the status of unprofitable projects, and the factors behind the increase in resale ARPU |
| New initiatives | Entered into the Anthropic Authorized Reseller Program for Amazon Bedrock, Company-wide adoption of Claude Enterprise, Capital partnership with ラーゲイト社, a generative AI startup, Launch of an AI-driven development support service, Became Japan's first certified AWS Partner Led AMS provider and launched Serverworks' integrated MSP service, Decision to establish Serverworks Thailand, Launch of Wiz services |
Items this document does not state (6)
Selling, general and administrative expensesRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket Size / Share
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.Gross profit increased due to higher resale revenue, the effect of yen depreciation, and G-gen's acquisition of a partner fund. SG&A expenses increased mainly because of personnel-related costs, but the resolution of unprofitable projects incurred in the previous fiscal year also contributed to improved profitability.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.