Worth reading
48Recurring
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
29.3
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 July 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales30,843¥ millionYear on year +29.3%Progress 73.6%
Operating profit622¥ millionYear on year -47.4%
Ordinary income357¥ millionYear on year -65.5%
Net income attributable to owners of the parent328¥ millionYear on year -67.5%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥5.55
Financial position at period-end
Total assets57,777¥ million
of which net assets 20,358 ¥ millionEquity ratio 35.1%vs. prior year-end -2.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenuePlatform Business ¥30,843 million (YoY +29.3%)
Segment profitPlatform business (adjusted operating profit) ¥1,797 million (YoY -15.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥41,930 million (YoY +26.0%)
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net incomeNot disclosed
Adjusted operating profit¥2,520 million (YoY +33.7%)
Adjusted free cash flow¥1,260–2,520 million (year-on-year change of -8.8% to 82.5%)
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
In addition to growth in platform ARR, the number of paying customer companies, and ARPU, the company pursued new customer acquisition through accounting firms, cross-selling to existing customers, improvements to the functionality of its core services, and the use of AI. In the SaaS business, development costs and user acquisition costs were recognized upfront, and strategic investments remain ongoing.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsThe company will submit a proposal to reduce capital without compensation, reducing capital stock from ¥27,890,049 thousand as of 31 March 2026 by ¥15,000,000 thousand and transferring the amount to other capital surplus, to the extraordinary general meeting of shareholders scheduled for 23 June 2026. There will be no impact on net assets, the number of shares issued, or financial results.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥17 thousand, Gain on reversal of subscription rights to shares ¥32,750 thousand / Extraordinary loss Impairment Loss on Investment Securities ¥32,650 thousand, Other ¥476 thousand
Depreciation and amortization¥727,195 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End59,670,765
Treasury Shares at Period-End397,196
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 July 2025 to 31 March 2026 |
| Net Sales | ¥30,843 million (YoY +29.3%) |
| Operating profit | ¥622 million (YoY -47.4%) |
| Ordinary income | ¥357 million (YoY -65.5%) |
| Profit attributable to owners of the parent | ¥328 million (YoY -67.5%) |
| Net income per share | ¥5.55 |
| Equity ratio | End of the current fiscal period 35.1 / End of previous period 37.1 |
| Total assets | ¥57,777 million |
| Net assets | ¥20,358 million |
| Full-year earnings forecast | Net Sales ¥41,930 million (YoY +26.0%) / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Adjusted operating profit ¥2,520 million (YoY +33.7%) / Adjusted free cash flow ¥1,260–2,520 million (year-on-year change of -8.8% to 82.5%) |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Platform Business ¥30,843 million (YoY +29.3%) |
| Segment profit | Platform business (adjusted operating profit) ¥1,797 million (YoY -15.0%) |
| Depreciation and amortization | ¥727,195 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥17 thousand, Gain on reversal of subscription rights to shares ¥32,750 thousand / Extraordinary loss Impairment Loss on Investment Securities ¥32,650 thousand, Other ¥476 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | The company will submit a proposal to reduce capital without compensation, reducing capital stock from ¥27,890,049 thousand as of 31 March 2026 by ¥15,000,000 thousand and transferring the amount to other capital surplus, to the extraordinary general meeting of shareholders scheduled for 23 June 2026. There will be no impact on net assets, the number of shares issued, or financial results. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 59,670,765 |
| Treasury Shares at Period-End | 397,196 |
| Factors Behind Changes in Business Performance | In addition to growth in platform ARR, the number of paying customer companies, and ARPU, the company pursued new customer acquisition through accounting firms, cross-selling to existing customers, improvements to the functionality of its core services, and the use of AI. In the SaaS business, development costs and user acquisition costs were recognized upfront, and strategic investments remain ongoing. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidation
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 company explained that revenue increased against a backdrop of an expanding user base and higher customer value. It also stated that it continues to invest in development to improve the functionality of its core services, customer acquisition initiatives, and strategic investments.
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.