Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
446
¥ million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFiscal year ending September 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥12,782 million+17.0%
Operating profit¥2,239 million+24.9%
Ordinary income¥2,208 million+19.1%
Net income¥1,786 million+31.5%
Gross Profit Margin86.3 %
Operating profit margin17.5 %
Selling, general and administrative expenses¥8,787 million
Full-year earnings forecast
Fiscal year ending September 2027
Net Sales
¥15,232 million
HENNGE One business revenue
¥14,492 million
Professional Services and Other businesses revenue
¥740 million
Operating profit
¥2,631 million
Ordinary income
¥2,658 million
Net income
¥1,836 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 Sales99.6 %
HENNGE One business revenue99.9 %
Professional Services and Other businesses revenue95 %
Operating profit108.9 %
Ordinary income106.5 %
Net income112 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Quarter on quarter
Other SG&A¥90 million
Advertising expenses¥161 million
Outsourcing and related expenses¥-4 million
Personnel expenses, etc.¥36 million
R&D expenses¥39 million
Costs of sales¥9 million
Year on year against the same period last year
HENNGE One business revenue¥1,813 million
Professional Services and Other businesses revenue¥45 million
Gross profit¥1,581 million
New initiatives
- Launch of a new HENNGE One plan
- Launch of 3 new HENNGE One services (Mesh Network, Password Manager and Domain Protection)
- Investment in ZeamiCyberSecurity株式会社
- Establishment of HENNGE AI株式会社
- Head office relocation in April 2027
- Exploration of business investments, including M&A
Key KPIsA metric the company considers important as a management benchmark.
- Number of contracted companies4,058 companiesYear on year against the same period last year+18.4%
- Number of contracted users326.9 million customersYear on year against the same period last year+16.8%
- ARR¥130.5 100 millionYear on year against the same period last year+17.2%
- ARPU¥3,992Year on year against the same period last year+0.4%
- Average monthly churn rate over the latest 12 months0.24 %Year on year against the same period last yearImproved by 0.09 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of contracted companies
4,058 companies
Change from the end of the previous fiscal yearUp by 631 companies
Number of contracted users
326.9 million customers
Change from the end of the previous fiscal yearUp by 469,000 users
ARPU
¥3,992
Change from the end of the previous fiscal yearUp by ¥15
Average number of users
806 people
Change from the end of the previous fiscal yearDown by 11 users
Segment results
HENNGE One business
Net Sales
¥12,072 million
Year on year against the same period last year+17.7%
Professional Services and Other businesses
Net Sales
¥710 million
Year on year against the same period last year+6.8%
Medium-term management plan targets
FY2028
ARR
¥200 100 million
Operating profit margin
20〜25
FY2035-37
ARR
¥1,000 100 million
Potential OPM
50 %
Financial targets
Medium-term operating margin target20〜25%
Actual ROE
43.4 %
Market Size / Share
Number of companies in Japan with 30 or more employees
207,025 companies
Usage rate among companies listed on the Tokyo Stock Exchange
21.7 %
Number of employees
432 people
Change during the periodNet increase of 42 people from the previous fiscal year-end
Hiring planAim for a net increase of at least 45 people company-wide
Payout ratio
Not disclosed (the company states that it has a progressive dividend policy)Acquisition of treasury shares
Share repurchases disclosed as implemented. The amount, number of shares and period of the repurchase authorization are Not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Fiscal year ending September 2026, full year |
| Net Sales | ¥12,782 million (YoY +17.0%) |
| Operating profit | ¥2,239 million (YoY +24.9%) |
| Ordinary income | ¥2,208 million (YoY +19.1%) |
| Net income | ¥1,786 million (YoY +31.5%) |
| Gross Profit Margin | 86.3 % |
| Operating profit margin | 17.5 % |
| Selling, general and administrative expenses | ¥8,787 million |
| Full-year earnings forecast | Fiscal year ending September 2027 Net Sales ¥15,232 million / HENNGE One business revenue ¥14,492 million / Professional Services and Other businesses revenue ¥740 million / Operating profit ¥2,631 million / Ordinary income ¥2,658 million / Net income ¥1,836 million |
| Progress against full-year forecast | Net Sales 99.6 % / HENNGE One business revenue 99.9 % / Professional Services and Other businesses revenue 95 % / Operating profit 108.9 % / Ordinary income 106.5 % / Net income 112 % |
| Segment results | HENNGE One business Net Sales ¥12,072 million / yoy_pct 17.7 / Professional Services and Other businesses Net Sales ¥710 million / yoy_pct 6.8 |
| Breakdown of Factors Affecting the Change | Quarter on quarter Other SG&A ¥90 million / Advertising expenses ¥161 million / Outsourcing and related expenses ¥-4 million / Personnel expenses, etc. ¥36 million / R&D expenses ¥39 million / Costs of sales ¥9 million / Year on year against the same period last year HENNGE One business revenue ¥1,813 million / Professional Services and Other businesses revenue ¥45 million / Gross profit ¥1,581 million |
| Key KPIs | Number of contracted companies 4,058 companies, Number of contracted users 326.9 million customers, ARR ¥130.5 100 million, ARPU ¥3,992, Average monthly churn rate over the latest 12 months 0.24 % |
| Unit price and quantity metrics | Number of contracted companies 4,058 companies / Number of contracted users 326.9 million customers / ARPU ¥3,992 / Average number of users 806 people |
| Number of employees | 432 people |
| Medium-term management plan targets | FY2028 ARR ¥200 100 million / Operating profit margin 20〜25 / FY2035-37 ARR ¥1,000 100 million / Potential OPM 50 % |
| Financial targets | Medium-term operating margin target 20〜25% / Actual ROE 43.4 % |
| Payout ratio | Not disclosed (the company states that it has a progressive dividend policy) |
| Acquisition of treasury shares | Share repurchases disclosed as implemented. The amount, number of shares and period of the repurchase authorization are Not disclosed |
| Market Size / Share | Number of companies in Japan with 30 or more employees 207,025 companies / Usage rate among companies listed on the Tokyo Stock Exchange 21.7 % |
| New initiatives | Launch of a new HENNGE One plan, Launch of 3 new HENNGE One services (Mesh Network, Password Manager and Domain Protection), Investment in ZeamiCyberSecurity株式会社, Establishment of HENNGE AI株式会社, Head office relocation in April 2027, Exploration of business investments, including M&A |
Items this document does not state (9)
Results for the three months of the current quarterSelf-assessment against the planNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendCapital 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.Revenue increased due to growth in the number of HENNGE One contracted companies and users and in ARR. Operating expenses also increased due to additional staffing, various allowances, marketing and branding activities, advertising expenses for the launch of new services, and costs related to the head office relocation, but operating profit increased as the effect of higher revenue more than offset the increase in expenses.
How to read this page
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