Komori

Second-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027

Results presentationFirst half, FY ending Mar 2027Published 2026-11-13 15:30

In the second quarter of the fiscal year ending March 2027, revenue reached a record high, increasing 8.1% year on year, while operating profit and interim net income declined due to higher generative AI development costs, M&A-related expenses, and personnel costs. The full-year forecast remains unchanged at the target for the second year of the new medium-term management plan.

Contents of this document

Earnings presentation materialsFY2027/3 Q29 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,097 million+8.1%
Operating profit¥104 million-61.0%
Ordinary income¥97 million-63.0%
Net income¥-20 million
Selling, general and administrative expenses¥1,598 million
Operating profit margin1.7%, down 3.1 percentage points year on year
Results for the three months of the current quarterRevenue: ¥3,089 million; operating profit: ¥111 million; SG&A expenses: ¥779 million (FY2026 2Q standalone)
Full-year earnings forecast
Net Sales
¥14,160 million
Operating profit
¥970 million
EBITDA
¥1,270 million
Ordinary income
¥950 million
Profit attributable to owners of the parent
¥610 million
Earnings per share
¥30.76
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Research and development expenses for generative AI testing tools increased steadily as planned. SG&A expenses remained within expectations.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue increase/decrease impact+¥132 million
  • Change in gross profit margin-¥74 million
  • Changes in selling, general and administrative expenses-¥222 million
  • Personnel expenses-¥97 million
  • Research and Development Expenses-¥65 million
  • Payment fees and other expenses-¥34 million
  • Costs associated with the launch of the shareholder benefit program-¥21 million
New initiatives
  • Establishment of a software quality and data science research center with Shiga University
  • Making OPTiM CORPORATION a subsidiary
  • Launch of a quality assurance service specializing in AML-compliant systems
  • Launch of a support service for obtaining the JC-STAR conformity label
  • Launch of security quality testing services
  • Addition of AI-powered test creation functionality to T-DASH
  • Launch of the T-DASH test automation boost pack
Key KPIsA metric the company considers important as a management benchmark.
  • Unit price (software testing, monthly)¥840 thousand
    Year on year against the same period last year+¥7,000
  • Number of projects3,619 postings
    Year on year against the same period last year+134
  • Active engineers1,381 people
    Year on year against the same period last year+102
  • Number of full-time engineer employees
    Year on year against the same period last year+53
  • Research and development expenses for generative AI testing tools¥155 million
    Year on year against the same period last year+¥65 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Unit price (software testing): ¥840,000; active engineers: 1,381; projects: 3,619.
Segment results
  • Software Testing
    Net Sales¥5,208 million
    Year-on-Year Change in Revenue (%)6.8
    Operating profit¥238 million
    Operating profit year-on-year_pct-24.5
  • Development
    Net Sales¥1,033 million
    Year-on-Year Change in Revenue (%)9.1
    Operating profit¥-92 million
    Year-on-year operating profit growthProfit decrease
  • Security
    Net Sales¥87 million
    Year-on-Year Change in Revenue (%)-14.5
    Operating profit¥-15 million
    Year-on-year operating profit growthProfit decrease
Medium-term management plan targets
FY2026 consolidated revenue: ¥14.16 billion; consolidated operating profit: ¥970 million. FY2027 consolidated revenue: ¥17.00 billion; consolidated operating profit: ¥1.88 billion. Investment in generative AI testing tool development: ¥1.2 billion over 3 years, or approximately ¥400 million per year.
Market Size / Share
Japan's software testing market: approximately ¥6.2 trillion; industry share of listed companies engaged in testing: 1%
Annual Dividend
¥240 million over 3 years (per-share dividend and interim year-end breakdown: Not disclosed)
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredFY2027/3 Q2
Net Sales¥6,097 million (YoY +8.1%)
Operating profit¥104 million (YoY -61.0%)
Ordinary income¥97 million (YoY -63.0%)
Net income¥-20 million
Operating profit margin1.7%, down 3.1 percentage points year on year
Selling, general and administrative expenses¥1,598 million
Results for the three months of the current quarterRevenue: ¥3,089 million; operating profit: ¥111 million; SG&A expenses: ¥779 million (FY2026 2Q standalone)
Full-year earnings forecastNet Sales ¥14,160 million / Operating profit ¥970 million / EBITDA ¥1,270 million / Ordinary income ¥950 million / Profit attributable to owners of the parent ¥610 million / Earnings per share ¥30.76
Self-assessment against the planResearch and development expenses for generative AI testing tools increased steadily as planned. SG&A expenses remained within expectations.
Segment resultsSegment Software Testing / Net Sales ¥5,208 million / Year-on-Year Change in Revenue (%) 6.8 / Operating profit ¥238 million / Operating profit year-on-year_pct -24.5, Segment Development / Net Sales ¥1,033 million / Year-on-Year Change in Revenue (%) 9.1 / Operating profit ¥-92 million / Year-on-year operating profit growth Profit decrease, Segment Security / Net Sales ¥87 million / Year-on-Year Change in Revenue (%) -14.5 / Operating profit ¥-15 million / Year-on-year operating profit growth Profit decrease
Breakdown of Factors Affecting the ChangeFactors Revenue increase/decrease impact / Amount +¥132 million, Factors Change in gross profit margin / Amount -¥74 million, Factors Changes in selling, general and administrative expenses / Amount -¥222 million, Factors Personnel expenses / Amount -¥97 million, Factors Research and Development Expenses / Amount -¥65 million, Factors Payment fees and other expenses / Amount -¥34 million, Factors Costs associated with the launch of the shareholder benefit program / Amount -¥21 million
Key KPIsIndicator name Unit price (software testing, monthly) / Value ¥840 thousand / Year on year against the same period last year +¥7,000, Indicator name Number of projects / Value 3,619 postings / Year on year against the same period last year +134 postings, Indicator name Active engineers / Value 1,381 people / Year on year against the same period last year +102 people, Indicator name Number of full-time engineer employees / Value Not disclosed / Year on year against the same period last year +53 people, Indicator name Research and development expenses for generative AI testing tools / Value ¥155 million / Year on year against the same period last year +¥65 million
Unit price and quantity metricsUnit price (software testing): ¥840,000; active engineers: 1,381; projects: 3,619.
Medium-term management plan targetsFY2026 consolidated revenue: ¥14.16 billion; consolidated operating profit: ¥970 million. FY2027 consolidated revenue: ¥17.00 billion; consolidated operating profit: ¥1.88 billion. Investment in generative AI testing tool development: ¥1.2 billion over 3 years, or approximately ¥400 million per year.
Annual Dividend¥240 million over 3 years (per-share dividend and interim year-end breakdown: Not disclosed)
Market Size / ShareJapan's software testing market: approximately ¥6.2 trillion; industry share of listed companies engaged in testing: 1%
New initiativesEstablishment of a software quality and data science research center with Shiga University, Making OPTiM CORPORATION a subsidiary, Launch of a quality assurance service specializing in AML-compliant systems, Launch of a support service for obtaining the JC-STAR conformity label, Launch of security quality testing services, Addition of AI-powered test creation functionality to T-DASH, Launch of the T-DASH test automation boost pack
Items this document does not state (12)
Gross Profit MarginProgress against full-year forecastNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsPayout 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.