Worth reading
74In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
328.3
Year-on-year change in adjusted operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending May 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,753 million+20.1%
Operating profit¥2,321 million+339.8%
Ordinary income¥2,365 million+347.7%
Net income¥1,545 million+418.4%
Selling, general and administrative expenses¥10,449 million
Gross Profit Margin
Rate87.6
Year-on-year change (points)-0.3
Results for the three months of the current quarterQ1 revenue: ¥14,753 million; adjusted operating profit: ¥2,475 million; ordinary profit: ¥2,365 million; profit attributable to owners of the parent: ¥1,545 million
Full-year earnings forecast
Net Sales¥63,706–65,319 million
Sansan/Bill One business revenue¥54,811–56,217 million
Sansan revenue¥34,198–34,820 million
Bill One revenue¥17,510–18,057 million
Eight business revenue¥8,266–8,534 million
Adjusted operating profit¥12,741–14,696 million
Adjusted operating margin20.0～22.5％
Profit attributable to owners of the parent¥8,376–10,221 million
EPS¥66.41–81.04
Dividend per share¥5.0
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadilyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales+¥2,470 million
Cost of sales+¥335 million
Personnel Expenses+¥381 million
Advertising expenses-¥677 million
Rent+¥114 million
Other selling, general and administrative expenses+¥418 million
Adjusted operating profit+¥1,897 million
Share-based compensation-related expenses+¥109 million
Expenses arising from business combinations-JPY 5 million
New initiatives
Expand the provision of AI-enabled individual solutions, including legal AX through Contract One, project and property management, support for the new lease accounting standard, and Advanced solutionsKey KPIsA metric the company considers important as a management benchmark.
- Sansan ARR¥52,193 millionYear on year against the same period last year+19.2％
- Bill One ARR¥15,732 millionYear on year against the same period last year+33.0％
- Number of Sansan contracts12,580 EngagementsYear on year against the same period last year+13.7％
- Sansan average monthly churn rate over the latest 12 months0.54 ％
- Number of paid Bill One contracts5,468 EngagementsYear on year against the same period last year+28.6％
- Bill One average monthly churn rate over the latest 12 months0.33 ％
- Number of Eight Team contracts6,246 EngagementsYear on year against the same period last year+9.8％
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Monthly recurring revenue per Sansan contract¥208,000Year on year against the same period last year-1.4％
- Monthly recurring revenue per paid Bill One contract¥239,000Year on year against the same period last year+3.5％
Segment results
Sansan/Bill One Business
Net Sales¥12,953 million (up 18.4% year on year)
Adjusted operating profit¥2,734 million (up 306.3% year on year)
Eight Business
Net Sales¥1,719 million (up 32.6% year on year)
Adjusted operating profit-¥166 million
Other
Net Sales¥140 million (up 28.9% year on year)
Adjusted operating profit-¥92 million
Medium-term management plan targets
Revenue CAGR16–20% from the fiscal year ending May 2027 through the fiscal year ending May 2029
Adjusted operating margin for the fiscal year ending May 202925～30％
Revenue outlook for the fiscal year ending May 2027¥63,706–65,319 million
Adjusted operating margin for the fiscal year ending May 202720.0～22.5％
Market Size / Share
- Corporate business card management servicesShare85.8%, No. 1 for 13 consecutive years
- Cloud invoice receipt servicesShare49.0%, No. 1 for 4 consecutive years
- Global AX market$424.7 billion in 2025, forecast at $1,677.2 billion in 2030
- Domestic AI market¥2,370 billion in 2025, forecast at ¥6,890 billion in 2029
Number of stores and locations
3 branches and 3 satellite offices. Openings and closures during the period: Not disclosedNumber of employees
2,323 people (as of 31 August 2026). Year-on-year change, change during the period, and hiring plans: Not disclosedAnnual Dividend
Annual dividend per share¥5.0
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending May 2027 |
| Net Sales | ¥14,753 million (YoY +20.1%) |
| Operating profit | ¥2,321 million (YoY +339.8%) |
| Ordinary income | ¥2,365 million (YoY +347.7%) |
| Net income | ¥1,545 million (YoY +418.4%) |
| Gross Profit Margin | Rate 87.6 / Year-on-year change (points) -0.3 |
| Selling, general and administrative expenses | ¥10,449 million |
| Results for the three months of the current quarter | Q1 revenue: ¥14,753 million; adjusted operating profit: ¥2,475 million; ordinary profit: ¥2,365 million; profit attributable to owners of the parent: ¥1,545 million |
| Full-year earnings forecast | Net Sales ¥63,706–65,319 million / Sansan/Bill One business revenue ¥54,811–56,217 million / Sansan revenue ¥34,198–34,820 million / Bill One revenue ¥17,510–18,057 million / Eight business revenue ¥8,266–8,534 million / Adjusted operating profit ¥12,741–14,696 million / Adjusted operating margin 20.0～22.5％ / Profit attributable to owners of the parent ¥8,376–10,221 million / EPS ¥66.41–81.04 / Dividend per share ¥5.0 |
| Self-assessment against the plan | Progressing steadily |
| Segment results | Sansan/Bill One Business Net Sales ¥12,953 million (up 18.4% year on year) / Adjusted operating profit ¥2,734 million (up 306.3% year on year) / Eight Business Net Sales ¥1,719 million (up 32.6% year on year) / Adjusted operating profit -¥166 million / Other Net Sales ¥140 million (up 28.9% year on year) / Adjusted operating profit -¥92 million |
| Breakdown of Factors Affecting the Change | Net Sales +¥2,470 million / Cost of sales +¥335 million / Personnel Expenses +¥381 million / Advertising expenses -¥677 million / Rent +¥114 million / Other selling, general and administrative expenses +¥418 million / Adjusted operating profit +¥1,897 million / Share-based compensation-related expenses +¥109 million / Expenses arising from business combinations -JPY 5 million |
| Key KPIs | Indicator Sansan ARR / Value ¥52,193 million / Year on year against the same period last year +19.2％, Indicator Bill One ARR / Value ¥15,732 million / Year on year against the same period last year +33.0％, Indicator Number of Sansan contracts / Value 12,580 Engagements / Year on year against the same period last year +13.7％, Indicator Sansan average monthly churn rate over the latest 12 months / Value 0.54 ％ / Year on year against the same period last year Not disclosed, Indicator Number of paid Bill One contracts / Value 5,468 Engagements / Year on year against the same period last year +28.6％, Indicator Bill One average monthly churn rate over the latest 12 months / Value 0.33 ％ / Year on year against the same period last year Not disclosed, Indicator Number of Eight Team contracts / Value 6,246 Engagements / Year on year against the same period last year +9.8％ |
| Unit price and quantity metrics | Indicator Monthly recurring revenue per Sansan contract / Value ¥208,000 / Year on year against the same period last year -1.4％, Indicator Monthly recurring revenue per paid Bill One contract / Value ¥239,000 / Year on year against the same period last year +3.5％ |
| Number of stores and locations | 3 branches and 3 satellite offices. Openings and closures during the period: Not disclosed |
| Number of employees | 2,323 people (as of 31 August 2026). Year-on-year change, change during the period, and hiring plans: Not disclosed |
| Medium-term management plan targets | Revenue CAGR 16–20% from the fiscal year ending May 2027 through the fiscal year ending May 2029 / Adjusted operating margin for the fiscal year ending May 2029 25～30％ / Revenue outlook for the fiscal year ending May 2027 ¥63,706–65,319 million / Adjusted operating margin for the fiscal year ending May 2027 20.0～22.5％ |
| Annual Dividend | Annual dividend per share ¥5.0 / Interim and Year-End Breakdown Not disclosed |
| Market Size / Share | Market Corporate business card management services / Share 85.8%, No. 1 for 13 consecutive years, Market Cloud invoice receipt services / Share 49.0%, No. 1 for 4 consecutive years, Market Global AX market / Value $424.7 billion in 2025, forecast at $1,677.2 billion in 2030, Market Domestic AI market / Value ¥2,370 billion in 2025, forecast at ¥6,890 billion in 2029 |
| New initiatives | Expand the provision of AI-enabled individual solutions, including legal AX through Contract One, project and property management, support for the new lease accounting standard, and Advanced solutions |
Items this document does not state (10)
Operating profit marginProgress against full-year forecastAssumptions 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.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The main reasons were solid revenue growth, an improvement in the SG&A ratio, improved margins for Sansan, and Bill One turning profitable. The ratios of personnel expenses, advertising expenses, and other SG&A expenses to revenue also improved year on year.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.