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Presentation materials for financial results4442VALTES HOLDINGS CO.,LTD.Information and Communications, Services and Others

Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026

For the fiscal year ending March 2026, revenue reached a record high as the number of projects increased and each business expanded. However, higher SG&A expenses, including investment in generative AI development, caused operating income and net income to fall slightly below the previous year.

Worth reading
77Important
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
10.6
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,939 million+10.6%
Operating profit¥923 million-0.4%
Ordinary income¥921 million-1.0%
Net income¥573 million-1.2%
Operating profit margin7.7 %
Selling, general and administrative expenses¥2,736 million
Results for the three months of the current quarter
Net Sales
¥3,234 million
Operating profit
¥375 million
Full-year earnings forecast
Net Sales
¥14,160 million
Operating profit
¥970 million
Ordinary income
¥950 million
Profit attributable to owners of the parent
¥610 million
EBITDA
¥1,270 million
Earnings per share
¥30.76
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue increase/decrease impact¥340 million
  • Change in gross profit margin¥109 million
  • Increase in selling, general and administrative expenses¥-453 million
  • Increase in R&D expenses associated with investment in generative AI development¥-159 million
  • Increase in expenses following the launch of the shareholder benefit program¥-78 million
  • Increase in commissions paid¥-72 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Investment in generative AI test tool development¥400 million or more
Investment under the new medium-term management planApproximately ¥400 million each year
New initiatives
  • Formal launch of TestScape, a generative AI test design tool
  • Development and expanded use of QuintSpect, an AI tool for diagnosing AI specifications and analyzing documents
  • Reorganization of the subsidiary structure, including the establishment of バルテス・ソリューションズ＆AI株式会社
  • Launch of AI solution services by バルテス・イノベーションズ
  • Designation by JR East Information Systems as a JEIS Core Partner
Key KPIsA metric the company considers important as a management benchmark.
  • Unit price (software testing)¥852 thousand monthly
    Year on year against the same period last year+¥42 thousand
  • Number of projects7,489 Engagements
    Year on year against the same period last year+1,846 projects
  • Active engineers1,342 People
    Year on year against the same period last year+132 people
  • Full-time employees (active engineers)
    Year on year against the same period last year+29 people
  • Total AI investment3 Hundreds of millions of yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Unit price
¥852 thousand monthly
Year on year against the same period last year+¥42 thousand
Active engineers
1,342 People
Year on year against the same period last year+132 people
Number of projects
7,489 Engagements
Year on year against the same period last year+1,846 projects
Segment results
Software Testing
Net Sales
¥10,245 million+12.4%
Operating profit
¥864 million-19.3%
Development
Net Sales
¥1,990 million+12.0%
Operating profit
¥91 million
Security
Net Sales
¥294 million+34.1%
Operating profit
¥38 million+230.6%
Medium-term management plan targets
FY2026
Consolidated revenue¥14,160 million
Consolidated operating profit¥970 million
Unit_Operating profit¥ million
FY2027
Consolidated revenue170 Hundreds of millions of yen
Consolidated operating profit18.8 Hundreds of millions of yen
Unit_Operating profitHundreds of millions of yen
Investment in generative AI test tools
¥12 hundred million three-year total
Annual Dividend
FY2025
Annual Dividend¥4 per share
FY2026
Annual Dividend¥4 per share
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥11,939 million (YoY +10.6%)
Operating profit¥923 million (YoY -0.4%)
Ordinary income¥921 million (YoY -1.0%)
Net income¥573 million (YoY -1.2%)
Operating profit margin7.7 %
Selling, general and administrative expenses¥2,736 million
Results for the three months of the current quarterNet Sales ¥3,234 million / Operating profit ¥375 million
Full-year earnings forecastNet Sales ¥14,160 million / Operating profit ¥970 million / Ordinary income ¥950 million / Profit attributable to owners of the parent ¥610 million / EBITDA ¥1,270 million / Earnings per share ¥30.76
Segment resultsSoftware Testing Net Sales ¥10,245 million (YoY +12.4%) / Operating profit ¥864 million (YoY -19.3%) / Development Net Sales ¥1,990 million (YoY +12.0%) / Operating profit ¥91 million / Security Net Sales ¥294 million (YoY +34.1%) / Operating profit ¥38 million (YoY +230.6%)
Breakdown of Factors Affecting the ChangeFactors Revenue increase/decrease impact / Amount ¥340 million, Factors Change in gross profit margin / Amount ¥109 million, Factors Increase in selling, general and administrative expenses / Amount ¥-453 million, Factors Increase in R&D expenses associated with investment in generative AI development / Amount ¥-159 million, Factors Increase in expenses following the launch of the shareholder benefit program / Amount ¥-78 million, Factors Increase in commissions paid / Amount ¥-72 million
Key KPIsIndicator name Unit price (software testing) / Value ¥852 thousand (monthly) / Year on year against the same period last year +¥42 thousand, Indicator name Number of projects / Value 7,489 Engagements / Year on year against the same period last year +1,846 projects, Indicator name Active engineers / Value 1,342 People / Year on year against the same period last year +132 people, Indicator name Full-time employees (active engineers) / Value Not disclosed / Year on year against the same period last year +29 people, Indicator name Total AI investment / Value 3 Hundreds of millions of yen / Year on year against the same period last year Not disclosed
Unit price and quantity metricsUnit price ¥852 thousand (monthly) / Active engineers 1,342 People / Number of projects 7,489 Engagements
Assumptions Underlying the Business OutlookInvestment in generative AI test tool development ¥400 million or more / Investment under the new medium-term management plan Approximately ¥400 million each year
Medium-term management plan targetsFY2026 Consolidated revenue ¥14,160 million / Consolidated operating profit ¥970 million / Unit_Operating profit ¥ million / FY2027 Consolidated revenue 170 Hundreds of millions of yen / Consolidated operating profit 18.8 Hundreds of millions of yen / Unit_Operating profit Hundreds of millions of yen / Investment in generative AI test tools ¥12 hundred million (three-year total)
Annual DividendFY2025 Annual Dividend ¥4 per share / FY2026 Annual Dividend ¥4 per share / Interim and Year-End Breakdown Not disclosed
New initiativesFormal launch of TestScape, a generative AI test design tool, Development and expanded use of QuintSpect, an AI tool for diagnosing AI specifications and analyzing documents, Reorganization of the subsidiary structure, including the establishment of バルテス・ソリューションズ＆AI株式会社, Launch of AI solution services by バルテス・イノベーションズ, Designation by JR East Information Systems as a JEIS Core Partner
Items this document does not state (13)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition 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.

The number of projects increased and revenue grew across each business as a result of efforts to strengthen the sales organization. Although the gross profit margin improved, SG&A expenses increased, including R&D expenses related to investment in a generative AI test tool, shareholder benefit expenses, and payment processing fees.

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Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026 | VALTES HOLDINGS CO.,LTD. (4442) timely disclosure | Komori