Worth reading
56In focus
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
7.1
Year-on-year change in operating profit (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter of the fiscal year ending September 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,107 million-5.4%
Operating profit¥53 million+7.1%
Ordinary income¥60 million+20.7%
Net income¥40 million+28.8%
Selling, general and administrative expenses¥275 million
Full-year earnings forecast
Net Sales
¥3,000 million
Cost of sales
¥2,139 million
Gross profit
¥860 million
Selling, general and administrative expenses
¥615 million
Operating profit
¥245 million
Ordinary income
¥251 million
Net income for the current fiscal year
¥165 million
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 Sales36.9%
Cost of sales36.4%
Gross profit38.3%
Selling, general and administrative expenses44.8%
Operating profit22.0%
Ordinary income24.1%
Net income for the current fiscal year24.5%
Secure Cloud Systems Business revenue37.0%
Secure Cloud Systems Business segment profit (loss)23.9%
Emotional Systems Business revenue35.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating income both fell short of the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Deferral of revenue-generating projects due to hardware delivery delays
- Loss of scheduled projects
The company identifies the factors but does not state the amount attributable to each one.
New initiatives
- Begin paying interim dividends from the fiscal year ending September 2026
- Begin a business-matching partnership with Nishi-Nippon City Bank, Ltd.
- Begin proposing participatory attractions using XR
- Begin initiatives involving a metaverse for safety training at factories and construction sites
- Develop specific proposals for AI-based network monitoring and solutions using local LLMs/SLMs
Key KPIsA metric the company considers important as a management benchmark.
- Order value¥1,383 millionYear on year against the same period last year+31%
- Engineers' billable utilization rate65.4 %Year on year against the same period last yearImproved from 54.7%
- Number of customers adopting and using OCI environments12 companies
- Number of companies adopting EDR12 companies
- Number of companies with ransomware-protection backup environments established12 companies
Segment results
Secure Cloud Systems Business
Net Sales
¥1,044 million-7.7%
Segment Profit or Loss
¥55 million-10.1%
Emotional systems business
Net Sales
¥63 million+63.4%
Segment Profit or Loss
¥-1 million
Year-on-year change9
Medium-term management plan targets
ROE
30 %
Target fiscal yearFiscal year ending September 2030
Financial targets
ROE
Target value30%
Target fiscal yearFiscal year ending September 2030
Actual value6.6% in the fiscal year ended September 2025; 14.0% planned for the fiscal year ending September 2026
Orders received and order backlog
Order backlog
Total¥989 million
Secure Cloud Systems Business¥927 million
Emotional systems business¥61 million
Order value
2Q results¥1,383 million
Most recent order value¥1,512 million
Number of employees
Number of Employees10 new graduates joined the Company in 2026
Changes during the period and hiring plan8 new graduates have received offers for the planned 2027 intake
Annual Dividend
Annual¥20–¥22.50
Interim¥10
End of period¥10–¥12.50
Acquisition of treasury shares
The Company has stated that it conducted share repurchases in the past. The repurchase authorization for this period is Not disclosed| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥1,107 million (YoY -5.4%) |
| Operating profit | ¥53 million (YoY +7.1%) |
| Ordinary income | ¥60 million (YoY +20.7%) |
| Net income | ¥40 million (YoY +28.8%) |
| Selling, general and administrative expenses | ¥275 million |
| Full-year earnings forecast | Net Sales ¥3,000 million / Cost of sales ¥2,139 million / Gross profit ¥860 million / Selling, general and administrative expenses ¥615 million / Operating profit ¥245 million / Ordinary income ¥251 million / Net income for the current fiscal year ¥165 million |
| Progress against full-year forecast | Net Sales 36.9% / Cost of sales 36.4% / Gross profit 38.3% / Selling, general and administrative expenses 44.8% / Operating profit 22.0% / Ordinary income 24.1% / Net income for the current fiscal year 24.5% / Secure Cloud Systems Business revenue 37.0% / Secure Cloud Systems Business segment profit (loss) 23.9% / Emotional Systems Business revenue 35.3% |
| Self-assessment against the plan | Revenue and operating income both fell short of the initial plan |
| Segment results | Secure Cloud Systems Business Net Sales ¥1,044 million (YoY -7.7%) / Segment Profit or Loss ¥55 million (YoY -10.1%) / Emotional systems business Net Sales ¥63 million (YoY +63.4%) / Segment Profit or Loss ¥-1 million |
| Breakdown of Factors Affecting the Change | Factors Deferral of revenue-generating projects due to hardware delivery delays / Amount Not disclosed, Factors Loss of scheduled projects / Amount Not disclosed |
| Key KPIs | Indicator name Order value / Value ¥1,383 million / Year on year against the same period last year +31%, Indicator name Engineers' billable utilization rate / Value 65.4 % / Year on year against the same period last year Improved from 54.7%, Indicator name Number of customers adopting and using OCI environments / Value 12 companies / Year on year against the same period last year Not disclosed, Indicator name Number of companies adopting EDR / Value 12 companies / Year on year against the same period last year Not disclosed, Indicator name Number of companies with ransomware-protection backup environments established / Value 12 companies / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 10 new graduates joined the Company in 2026 / Changes during the period and hiring plan 8 new graduates have received offers for the planned 2027 intake |
| Medium-term management plan targets | ROE 30 % |
| Financial targets | ROE Target value 30% / Target fiscal year Fiscal year ending September 2030 / Actual value 6.6% in the fiscal year ended September 2025; 14.0% planned for the fiscal year ending September 2026 |
| Annual Dividend | Annual ¥20–¥22.50 / Interim ¥10 / End of period ¥10–¥12.50 |
| Acquisition of treasury shares | The Company has stated that it conducted share repurchases in the past. The repurchase authorization for this period is Not disclosed |
| Orders received and order backlog | Order backlog Total ¥989 million / Secure Cloud Systems Business ¥927 million / Emotional systems business ¥61 million / Order value 2Q results ¥1,383 million / Most recent order value ¥1,512 million |
| New initiatives | Begin paying interim dividends from the fiscal year ending September 2026, Begin a business-matching partnership with Nishi-Nippon City Bank, Ltd., Begin proposing participatory attractions using XR, Begin initiatives involving a metaverse for safety training at factories and construction sites, Develop specific proposals for AI-based network monitoring and solutions using local LLMs/SLMs |
Items this document does not state (11)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioCapital expendituresMarket 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 primary reasons for missing the plan were the deferral of revenue-generating projects due to hardware delivery delays and the loss of scheduled projects. The Company also explained that shortages of semiconductor components extended delivery lead times for servers and storage equipment from approximately 2 months to 4–6 months.
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.