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Financial results presentation4487Spacemarket,Inc.Information and Communications, Services and Others

Earnings Presentation Materials for the First Quarter of the Fiscal Year Ending September 2026

From January to March 2026, revenue and transaction volume increased against a backdrop of expanding demand, while operating income and net income fell below the year-earlier period due to higher amortization expenses and fixed costs associated with M&A and new investments. Progress toward the full-year forecast was 32.3% for revenue, 46.2% for operating income, and 51.6% for net income.

Worth reading
58In 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
34.4
Year-on-year change in revenue (%)
Wording
Definitive
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending September 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥718 million+34.4%
Operating profit¥62 million-22.4%
Net income¥58 million-27.4%
Results for the three months of the current quarter
Net Sales
¥718 million
Operating profit
¥62 million
Net income
¥58 million
Total Transaction Value
¥1,965 million
EBITDA
¥95 million
Full-year earnings forecast
Net Sales
¥2,221 million
Operating profit
¥134 million
Net income
¥113 million
Total Transaction Value
¥6,245 million
GMV
¥5,281 million
EBITDA
¥249 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 Sales32.3%
Operating profit46.2%
Net income51.6%
Total Transaction Value31.5%
GMV30.8%
EBITDA38.5%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Total Transaction Value
January–March 2025¥1,599 million
January–March 2026¥1,965 million
Year on year against the same period last year+22.9%
Revenue before deductions for points and coupons
January–March 2025¥560 million
January–March 2026¥747 million
Year on year against the same period last year+33.4%
Variable costs
January–March 2025¥219 million
January–March 2026¥333 million
Year on year against the same period last year+52.0%
Contribution margin
January–March 2025¥341 million
January–March 2026¥414 million
Year on year against the same period last year+21.4%
Fixed Costs
January–March 2025¥260 million
January–March 2026¥352 million
Year on year against the same period last year+34.9%
Personnel Expenses
January–March 2025¥141 million
January–March 2026¥167 million
Year on year against the same period last year+18.2%
Costs including outsourcing, consumables, and rent
January–March 2025¥91 million
January–March 2026¥151 million
Year on year against the same period last year+65.4%
Non-cash items, including amortization and share-based compensation expenses
January–March 2025¥27 million
January–March 2026¥33 million
Year on year against the same period last year+20.3%
Operating profit
January–March 2025¥80 million
January–March 2026¥62 million
Year on year against the same period last year-22.4%
New initiatives
  • Establishing indoor hanami as a standard experience
  • Capturing business demand through SpemaBOX
  • Expanding multifunctional spaces
  • Evolving the business definition, starting with the brand renewal
  • Establishing the operating system, mass-producing applications, pursuing a vertical strategy, and implementing integrated marketing and PR
Key KPIsA metric the company considers important as a management benchmark.
  • Total Transaction Value¥1,965 million+22.9%
  • Marketplace GMV¥1,629 million+9.7%
  • Number of marketplace spaces in use34 Thousands of spaces+13.6%
  • Number of GP-operated spaces1,348 Engagements
    Year-earlier period334 spaces
  • Transaction volume per person¥28 million+13.2%
  • EBITDA¥95 million-11.4%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Total monthly spaces in use
34 Thousands of spaces+13.6%
Monthly GMV per space
Year on year against the same period last year-3.4%
GMV
¥1,629 million+9.7%
Medium-term management plan targets
Net Sales
¥100 100 million
Target fiscal yearFiscal year ending September 2030
Reference value
¥25.6 100 million
Fiscal yearFiscal year ending December 2025
Financial targets
Equity ratio
Fiscal year ending December 202524.6 %
End of March 202627.5 %
Market Size / Share
Overall space-sharing market
¥9,700 100 million
Space-sharing platform market
¥200 100 million
Demand for work boxes
48 48-fold increase over 5 years
Number of employees
67 people
Prior-year period65
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending September 2026
Net Sales¥718 million (YoY +34.4%)
Operating profit¥62 million (YoY -22.4%)
Net income¥58 million (YoY -27.4%)
Results for the three months of the current quarterNet Sales ¥718 million / Operating profit ¥62 million / Net income ¥58 million / Total Transaction Value ¥1,965 million / EBITDA ¥95 million
Full-year earnings forecastNet Sales ¥2,221 million / Operating profit ¥134 million / Net income ¥113 million / Total Transaction Value ¥6,245 million / GMV ¥5,281 million / EBITDA ¥249 million
Progress against full-year forecastNet Sales 32.3% / Operating profit 46.2% / Net income 51.6% / Total Transaction Value 31.5% / GMV 30.8% / EBITDA 38.5%
Breakdown of Factors Affecting the ChangeTotal Transaction Value January–March 2025 ¥1,599 million / January–March 2026 ¥1,965 million / Year on year against the same period last year +22.9% / Revenue before deductions for points and coupons January–March 2025 ¥560 million / January–March 2026 ¥747 million / Year on year against the same period last year +33.4% / Variable costs January–March 2025 ¥219 million / January–March 2026 ¥333 million / Year on year against the same period last year +52.0% / Contribution margin January–March 2025 ¥341 million / January–March 2026 ¥414 million / Year on year against the same period last year +21.4% / Fixed Costs January–March 2025 ¥260 million / January–March 2026 ¥352 million / Year on year against the same period last year +34.9% / Personnel Expenses January–March 2025 ¥141 million / January–March 2026 ¥167 million / Year on year against the same period last year +18.2% / Costs including outsourcing, consumables, and rent January–March 2025 ¥91 million / January–March 2026 ¥151 million / Year on year against the same period last year +65.4% / Non-cash items, including amortization and share-based compensation expenses January–March 2025 ¥27 million / January–March 2026 ¥33 million / Year on year against the same period last year +20.3% / Operating profit January–March 2025 ¥80 million / January–March 2026 ¥62 million / Year on year against the same period last year -22.4%
Key KPIsTotal Transaction Value ¥1,965 million (YoY +22.9%), Marketplace GMV ¥1,629 million (YoY +9.7%), Number of marketplace spaces in use 34 Thousands of spaces (YoY +13.6%), Number of GP-operated spaces 1,348 Engagements, Transaction volume per person ¥28 million (YoY +13.2%), EBITDA ¥95 million (YoY -11.4%)
Unit price and quantity metricsTotal monthly spaces in use 34 Thousands of spaces (YoY +13.6%) / Monthly GMV per space value Not disclosed / yoy_pct ¥-3.4 thousand / GMV ¥1,629 million (YoY +9.7%)
Number of employees67 people
Medium-term management plan targetsNet Sales ¥100 100 million / Reference value ¥25.6 100 million
Financial targetsEquity ratio Fiscal year ending December 2025 24.6 % / End of March 2026 27.5 %
Market Size / ShareOverall space-sharing market ¥9,700 100 million / Space-sharing platform market ¥200 100 million / Demand for work boxes 48 48-fold increase over 5 years
New initiativesEstablishing indoor hanami as a standard experience, Capturing business demand through SpemaBOX, Expanding multifunctional spaces, Evolving the business definition, starting with the brand renewal, Establishing the operating system, mass-producing applications, pursuing a vertical strategy, and implementing integrated marketing and PR
Items this document does not state (15)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planSegment resultsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout 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 company attributed the increase in revenue to growth in the number of spaces in use, steady expansion in demand, and growth in its M&A and non-marketplace businesses. On the earnings side, it cited higher amortization expenses associated with M&A and new investments, as well as increases in fixed and variable costs.

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Earnings Presentation Materials for the First Quarter of the Fiscal Year Ending September 2026 | Spacemarket,Inc. (4487) timely disclosure | Komori