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Financial Results Presentation Materials for the First Quarter of the Fiscal Year Ending March 2026

Results presentationFirst quarter, FY ending Mar 2026Published 2025-08-08 15:30

In the first quarter of the fiscal year ending March 2026, revenue, operating income and net income exceeded the levels recorded in the same period of the previous year, driven by an increase in the number of projects and improved margins in the software testing business. For the full year, however, the company plans to invest more than ¥400 million in generative AI testing tools, and forecasts for operating income and other figures are below the results for the previous fiscal year.

Contents of this document

Earnings presentation materialsFirst quarter of the fiscal year ended March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,748 million+12.7%
Operating profit¥99 million
Ordinary income¥96 million
Net income¥53 million
Selling, general and administrative expenses680 百万円、売上高販管費率24.8%
Operating profit margin3.6%、前年同期比+3.8ポイント
Results for the three months of the current quarter
Net Sales
¥2,748 million
Operating profit
¥99 million
EBITDA
¥164 million
Ordinary income
¥96 million
Profit attributable to owners of parent for the quarter
¥53 million
Full-year earnings forecast
Net Sales
¥12,000 million
Operating profit
¥650 million
AI投資前営業利益
¥1,050 million
EBITDA
¥930 million
Ordinary income
¥647 million
Profit attributable to owners of the parent
¥390 million
Earnings per share
¥19.69
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating income
Revenue increase/decrease impact¥73 million
Change in gross profit margin¥124 million
Changes in selling, general and administrative expenses¥-95 million
Revenue increase/decrease impact
Software Testing¥60 million
Development¥8 million
Security¥3 million
Change in gross profit margin
Software Testing¥38 million
Development¥83 million
Security¥3 million
Changes in selling, general and administrative expenses
Personnel Expenses¥-26 million
Recruitment costs¥5 million
Research and Development Expenses¥-1 million
Other¥-73 million
New initiatives
  • 生成AIテストツール開発への年間4億円以上の投資
  • 生成AIテストツールのマーケティング強化
  • AI人材を含むハイクラス人材の採用強化
  • バルテス株式会社のAI技術推進部新設
  • 東京本社の従来約2倍への拡張
  • バルテス株式会社の社長交代
  • 入社祝い金最大100万円の採用キャンペーン
Key KPIsA metric the company considers important as a management benchmark.
  • Software testing fee (monthly)¥826 thousand
    Year on year against the same period last year+70千円
  • Total number of projects1,675 postings
    Year on year against the same period last year+536件
  • Number of tool-related projects
    Year on year against the same period last year+253件、前年同期比263%
  • Engineers assigned to projects (consolidated)1,240 people
    Year on year against the same period last year+63名
  • Number of permanent employees734 people
    Year on year against the same period last year▲4名
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Fee per placement
¥826 thousand monthly
Year on year against the same period last year+70千円
Active engineers
1,240 people
Year on year against the same period last year+63名
Number of projects
1,675 postings
Year on year against the same period last year+536件
Segment results
Software Testing
Net Sales
¥2,366 million
Year on year against the same period last year+11.3%
Operating profit
¥137 million
Year-on-year operating profit51.2
Operating profit margin5.8
Development
Net Sales
¥472 million
Year on year against the same period last year+32.2%
Operating profit
¥-9 million
Operating profit margin-2.1
Security
Net Sales
¥54 million
Year on year against the same period last year+46.0%
Operating profit
¥-0.2 million
Operating profit margin-0.6
Medium-term management plan targets
FY2026
Consolidated revenue¥14,110 million
Consolidated operating profit¥970 million
FY2027
Consolidated revenue¥17,000 million
Consolidated operating profit¥1,880 million
3-year investment
Investment in generative AI test tools¥1,200 million
BS戦略投資¥2,500 million
Market Size / Share
国内ソフトウェアテスト市場規模¥6.2 trillion
上場企業の業界占有率¥1 trillion
Unit 2%
Number of employees
稼働エンジニア数1,240名（2025年6月末時点）。正社員734名、契約社員99名、ビジネスパートナー407名。正社員は前年同期比▲4名、稼働エンジニア数は前年同期比+63名。
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredFirst quarter of the fiscal year ended March 2026
Net Sales¥2,748 million (YoY +12.7%)
Operating profit¥99 million
Ordinary income¥96 million
Net income¥53 million
Operating profit margin3.6%、前年同期比+3.8ポイント
Selling, general and administrative expenses680 百万円、売上高販管費率24.8%
Results for the three months of the current quarterNet Sales ¥2,748 million / Operating profit ¥99 million / EBITDA ¥164 million / Ordinary income ¥96 million / Profit attributable to owners of parent for the quarter ¥53 million
Full-year earnings forecastNet Sales ¥12,000 million / Operating profit ¥650 million / AI投資前営業利益 ¥1,050 million / EBITDA ¥930 million / Ordinary income ¥647 million / Profit attributable to owners of the parent ¥390 million / Earnings per share ¥19.69
Segment resultsSoftware Testing Net Sales ¥2,366 million / Year on year against the same period last year 11.3 / Operating profit ¥137 million / Year-on-year operating profit 51.2 / Operating profit margin 5.8 / Development Net Sales ¥472 million / Year on year against the same period last year 32.2 / Operating profit ¥-9 million / Operating profit margin -2.1 / Security Net Sales ¥54 million / Year on year against the same period last year 46 / Operating profit ¥-0.2 million / Operating profit margin -0.6
Breakdown of Factors Affecting the ChangeChange in operating income Revenue increase/decrease impact ¥73 million / Change in gross profit margin ¥124 million / Changes in selling, general and administrative expenses ¥-95 million / Revenue increase/decrease impact Software Testing ¥60 million / Development ¥8 million / Security ¥3 million / Change in gross profit margin Software Testing ¥38 million / Development ¥83 million / Security ¥3 million / Changes in selling, general and administrative expenses Personnel Expenses ¥-26 million / Recruitment costs ¥5 million / Research and Development Expenses ¥-1 million / Other ¥-73 million
Key KPIsIndicator name Software testing fee (monthly) / Value ¥826 thousand / Year on year against the same period last year +70千円, Indicator name Total number of projects / Value 1,675 postings / Year on year against the same period last year +536件, Indicator name Number of tool-related projects / Value Not disclosed / Year on year against the same period last year +253件、前年同期比263%, Indicator name Engineers assigned to projects (consolidated) / Value 1,240 people / Year on year against the same period last year +63名, Indicator name Number of permanent employees / Value 734 people / Year on year against the same period last year ▲4名
Unit price and quantity metricsFee per placement ¥826 thousand (monthly) / Active engineers 1,240 people / Number of projects 1,675 postings
Number of employees稼働エンジニア数1,240名（2025年6月末時点）。正社員734名、契約社員99名、ビジネスパートナー407名。正社員は前年同期比▲4名、稼働エンジニア数は前年同期比+63名。
Medium-term management plan targetsFY2026 Consolidated revenue ¥14,110 million / Consolidated operating profit ¥970 million / FY2027 Consolidated revenue ¥17,000 million / Consolidated operating profit ¥1,880 million / 3-year investment Investment in generative AI test tools ¥1,200 million / BS戦略投資 ¥2,500 million
Market Size / Share国内ソフトウェアテスト市場規模 ¥6.2 trillion / 上場企業の業界占有率 ¥1 trillion / Unit 2 %
New initiatives生成AIテストツール開発への年間4億円以上の投資, 生成AIテストツールのマーケティング強化, AI人材を含むハイクラス人材の採用強化, バルテス株式会社のAI技術推進部新設, 東京本社の従来約2倍への拡張, バルテス株式会社の社長交代, 入社祝い金最大100万円の採用キャンペーン
Items this document does not state (13)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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.

Financial Results Presentation Materials for the First Quarter of the Fiscal Year Ending March 2026 | VALTES HOLDINGS CO.,LTD. (4442) timely disclosure | Komori