Komori

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

Results presentationFirst half, FY ending Mar 2026Published 2025-11-14 15:30

In the first half, revenue increased 11.0% year on year to a record high, while operating profit and net income declined due to investment in generative AI and higher selling, general and administrative expenses. The full-year forecast is revenue of ¥12.0 billion and operating profit of ¥650 million, with plans to invest more than ¥400 million annually in generative AI testing tool development and other areas.

Contents of this document

Earnings presentation materialsSecond quarter of the fiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,641 million+11.0%
Operating profit¥269 million-12.6%
Ordinary income¥263 million-14.0%
Net income¥141 million -33.7%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥1,375 million
Gross Profit Margin前年同期比で増加。率の数値はNot disclosed
Operating profit margin4.8%、前年同期比▲1.3ポイント
Results for the three months of the current quarter売上高・営業利益について四半期単独の推移を図示。2Q単独の具体的な数値はNot disclosed
Full-year earnings forecast
Net Sales
¥12,000 million
Operating profit
¥650 million
EBITDA
¥930 million
Ordinary income
¥647 million
Profit attributable to owners of the parent
¥390 million
Earnings per share
¥19.69
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 Sales47 %
Operating profit41.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
営業利益は計画通り
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue growth effect¥152 million
Change in gross profit margin¥99 million
Increase in SG&A expenses¥-290 million
増収効果内訳
Software Testing126
Development17
Security8
売上総利益率の変動内訳
Software Testing-22
Development111
Security9
販管費の変動内訳
Personnel Expenses-14
Recruitment costs-12
Research and Development Expenses-55
Other-207
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
生成AIテストツール開発等への年間投資¥400 million or more
新中期経営計画の生成AIテストツール投資3か年計12億円、各年4億円を目安
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
  • 解析AIツール『QuintSpect』の提供開始
  • 生成AIテスト設計ツール『TestScape』の開発・実装
  • サイバーセキュリティファンドによる2社への出資
  • 新中期経営計画への生成AI投資方針の反映
Key KPIsA metric the company considers important as a management benchmark.
  • ソフトウェアテスト単価¥832 thousand monthly
    Year on year against the same period last year+50千円
  • Number of projects3,485 postings
    Year on year against the same period last year+1028件
  • Number of tool-related projects
    Year on year against the same period last year+462件
  • Engineers assigned to projects (consolidated)1,279 people
    Year on year against the same period last year+116名
  • Number of permanent employees
    Year on year against the same period last year+2
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Fee per placement
¥832 thousand monthly
Year on year against the same period last year+50千円
Active engineers
1,279 people
Year on year against the same period last year+116名
Number of projects
3,485 postings
Year on year against the same period last year+1028件
Segment results
Software Testing
Net Sales
¥4,875 million
Year-on-Year Change in Revenue (%)10.5
Operating profit
¥316 million
Operating profit year-on-year_pct-25.2
Development
Net Sales
¥946 million
Year-on-Year Change in Revenue (%)26.7
Operating profit
¥-1 million
Year-on-year operating profit growth比較数値Not disclosed
Security
Net Sales
¥102 million
Year-on-Year Change in Revenue (%)48.4
Operating profit
¥-4 million
Year-on-year operating profit growth比較数値Not disclosed
Medium-term management plan targets
FY2026
Consolidated revenue¥141.1 100 million
Consolidated operating profit¥9.7 100 million
Profit unit¥100 million
FY2027
Consolidated revenue¥170 100 million
Consolidated operating profit¥18.8 100 million
Profit unit¥100 million
FY2033
人に依存しないビジネスモデル売上高構成比More than 80%
営業利益平均成長率126%
Market Size / Share
国内ソフトウェアテスト市場規模Approximately ¥6.2 trillion
Industry share of listed companies engaged in the testing business1%
Number of employees
正社員500名超。稼働エンジニア数は2025年9月末時点で1,279名、前年同期比+116名。正社員は前年同期比+2名
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2026
Net Sales¥5,641 million (YoY +11.0%)
Operating profit¥269 million (YoY -12.6%)
Ordinary income¥263 million (YoY -14.0%)
Net income¥141 million (interim net income attributable to owners of the parent) (YoY -33.7%)
Gross Profit Margin前年同期比で増加。率の数値はNot disclosed
Operating profit margin4.8%、前年同期比▲1.3ポイント
Selling, general and administrative expenses¥1,375 million
Results for the three months of the current quarter売上高・営業利益について四半期単独の推移を図示。2Q単独の具体的な数値はNot disclosed
Full-year earnings forecastNet Sales ¥12,000 million / Operating profit ¥650 million / EBITDA ¥930 million / Ordinary income ¥647 million / Profit attributable to owners of the parent ¥390 million / Earnings per share ¥19.69
Progress against full-year forecastNet Sales 47 % / Operating profit 41.4 %
Self-assessment against the plan営業利益は計画通り
Segment resultsSoftware Testing Net Sales ¥4,875 million / Year-on-Year Change in Revenue (%) 10.5 / Operating profit ¥316 million / Operating profit year-on-year_pct -25.2 / Development Net Sales ¥946 million / Year-on-Year Change in Revenue (%) 26.7 / Operating profit ¥-1 million / Year-on-year operating profit growth 比較数値Not disclosed / Security Net Sales ¥102 million / Year-on-Year Change in Revenue (%) 48.4 / Operating profit ¥-4 million / Year-on-year operating profit growth 比較数値Not disclosed
Breakdown of Factors Affecting the ChangeRevenue growth effect ¥152 million / Change in gross profit margin ¥99 million / Increase in SG&A expenses ¥-290 million / 増収効果内訳 Software Testing 126 / Development 17 / Security 8 / 売上総利益率の変動内訳 Software Testing -22 / Development 111 / Security 9 / 販管費の変動内訳 Personnel Expenses -14 / Recruitment costs -12 / Research and Development Expenses -55 / Other -207
Key KPIsIndicator name ソフトウェアテスト単価 / Value ¥832 thousand (monthly) / Year on year against the same period last year +50千円, Indicator name Number of projects / Value 3,485 postings / Year on year against the same period last year +1028件, Indicator name Number of tool-related projects / Value Not disclosed / Year on year against the same period last year +462件, Indicator name Engineers assigned to projects (consolidated) / Value 1,279 people / Year on year against the same period last year +116名, Indicator name Number of permanent employees / Value Not disclosed / Year on year against the same period last year +2 people
Unit price and quantity metricsFee per placement ¥832 thousand (monthly) / Active engineers 1,279 people / Number of projects 3,485 postings
Number of employees正社員500名超。稼働エンジニア数は2025年9月末時点で1,279名、前年同期比+116名。正社員は前年同期比+2名
Assumptions Underlying the Business Outlook生成AIテストツール開発等への年間投資 ¥400 million or more / 新中期経営計画の生成AIテストツール投資 3か年計12億円、各年4億円を目安
Medium-term management plan targetsFY2026 Consolidated revenue ¥141.1 100 million / Consolidated operating profit ¥9.7 100 million / Profit unit ¥100 million / FY2027 Consolidated revenue ¥170 100 million / Consolidated operating profit ¥18.8 100 million / Profit unit ¥100 million / FY2033 人に依存しないビジネスモデル売上高構成比 More than 80% / 営業利益平均成長率 126%
Market Size / Share国内ソフトウェアテスト市場規模 Approximately ¥6.2 trillion / Industry share of listed companies engaged in the testing business 1%
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, 解析AIツール『QuintSpect』の提供開始, 生成AIテスト設計ツール『TestScape』の開発・実装, サイバーセキュリティファンドによる2社への出資, 新中期経営計画への生成AI投資方針の反映
Items this document does not state (9)
Number of stores and locationsRisk 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 for the Second Quarter of the Fiscal Year Ending March 2026 | VALTES HOLDINGS CO.,LTD. (4442) timely disclosure | Komori