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

Earnings Presentation for the Second Quarter of the Fiscal Year Ending September 2026

From January to June 2026, revenue, gross transaction volume and the number of spaces used exceeded the levels recorded in the same period of the previous year, while operating profit and net income declined due to growth investments. The company is also advancing initiatives aimed at future growth, including the rollout of safety and security features and new brands.

Worth reading
63In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
25
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending September 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,385 million+25.0%
Operating profit¥45 million-39.5%
Net income¥56 million-31.5%
Results for the three months of the current quarter
Net Sales
¥666 million+16.2%
Operating profit
¥-16 million
Year-earlier periodPrevious year: ▲¥4 million
Profit for the period
¥-1 million
Year-earlier periodPrevious year: +¥2 million
EBITDA
¥19 million-40.5%
Total Transaction Value
¥1,872 million+14.2%
Marketplace GMV
¥1,562 million+11.7%
Number of marketplace spaces in use
35 Thousand SP+11.1%
Full-year earnings forecast
Total Transaction Value
¥6,245 million
Net Sales
¥2,221 million
Operating profit
¥134 million
Net income
¥113 million
EBITDA
¥249 million
Marketplace GMV
¥5,281 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 Sales62.4%
Operating profit34.1%
Net income50.2%
EBITDA46.2%
Total Transaction Value61.5%
Marketplace GMV60.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is progressing smoothly. In terms of profit, the company is making investments in line with the plan to support medium- to long-term growth.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Total Transaction Value
January–June 2025¥3,239 million
January–June 2026¥3,838 million
Revenue before deductions for points and coupons
January–June 2025¥1,158 million
January–June 2026¥1,441 million
Variable costs
January–June 2025¥476 million
January–June 2026¥690 million
Contribution margin
January–June 2025¥682 million
January–June 2026¥750 million
Fixed Costs
January–June 2025¥606 million
January–June 2026¥704 million
Personnel Expenses
January–June 2025¥310 million
January–June 2026¥335 million
Costs including outsourcing, consumables, and rent
January–June 2025¥231 million
January–June 2026¥299 million
Non-cash items, including amortization and share-based compensation expenses
January–June 2025¥64 million
January–June 2026¥69 million
New initiatives
  • Introduction of identity verification using the My Number Card (JPKI)
  • Launch of a feature for reporting space conditions upon entry and exit
  • Rollout of a brand series based on proprietary safety and security quality standards
  • Rollout of the collaboration series Cherish Studio by スペマ
Key KPIsA metric the company considers important as a management benchmark.
  • Total Transaction Value¥3,838 million+18.5%
  • Marketplace GMV¥3,191 million+10.7%
  • Number of marketplace spaces in use70 Thousand SP+12.3%
  • Number of GP-operated spaces1,456 Engagements
    Year-earlier period1,238
  • Number of employees75 People
    Year-earlier period76
  • Transaction volume per person¥51 million+12.1%
  • Municipalities using Spacepad39 Engagements
    As ofAugust 2026
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Total monthly spaces in useNot disclosed (the graph shows a year-on-year increase of 12.3%)
Monthly GMV per space▲1.4% year on year
Medium-term management plan targets
Net Sales
100 Hundreds of millions of yen
Target fiscal yearFiscal year ending September 2030
Market Size / Share
Overall space-sharing market
9,700 Hundreds of millions of yen
Utilization of idle real estate and conversion to accommodation facilities
2168〜4346
Utilization of idle operating hours at stores
493〜986
Space-sharing platform market
200 Hundreds of millions of yen
Number of stores and locations
Number of branded locations15 Location
DetailsNumber of locations launched for Cherish Studio by スペマ
Number of employees
75 People
Year-earlier period76
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending September 2026
Net Sales¥1,385 million (YoY +25.0%)
Operating profit¥45 million (YoY -39.5%)
Net income¥56 million (YoY -31.5%)
Results for the three months of the current quarterNet Sales ¥666 million (YoY +16.2%) / Operating profit ¥-16 million / Profit for the period ¥-1 million / EBITDA ¥19 million (YoY -40.5%) / Total Transaction Value ¥1,872 million (YoY +14.2%) / Marketplace GMV ¥1,562 million (YoY +11.7%) / Number of marketplace spaces in use 35 Thousand SP (YoY +11.1%)
Full-year earnings forecastTotal Transaction Value ¥6,245 million / Net Sales ¥2,221 million / Operating profit ¥134 million / Net income ¥113 million / EBITDA ¥249 million / Marketplace GMV ¥5,281 million
Progress against full-year forecastNet Sales 62.4% / Operating profit 34.1% / Net income 50.2% / EBITDA 46.2% / Total Transaction Value 61.5% / Marketplace GMV 60.4%
Self-assessment against the planRevenue is progressing smoothly. In terms of profit, the company is making investments in line with the plan to support medium- to long-term growth.
Breakdown of Factors Affecting the ChangeTotal Transaction Value January–June 2025 ¥3,239 million / January–June 2026 ¥3,838 million / Revenue before deductions for points and coupons January–June 2025 ¥1,158 million / January–June 2026 ¥1,441 million / Variable costs January–June 2025 ¥476 million / January–June 2026 ¥690 million / Contribution margin January–June 2025 ¥682 million / January–June 2026 ¥750 million / Fixed Costs January–June 2025 ¥606 million / January–June 2026 ¥704 million / Personnel Expenses January–June 2025 ¥310 million / January–June 2026 ¥335 million / Costs including outsourcing, consumables, and rent January–June 2025 ¥231 million / January–June 2026 ¥299 million / Non-cash items, including amortization and share-based compensation expenses January–June 2025 ¥64 million / January–June 2026 ¥69 million
Key KPIsTotal Transaction Value ¥3,838 million (YoY +18.5%), Marketplace GMV ¥3,191 million (YoY +10.7%), Number of marketplace spaces in use 70 Thousand SP (YoY +12.3%), Number of GP-operated spaces 1,456 Engagements, Number of employees 75 People, Transaction volume per person ¥51 million (YoY +12.1%), Municipalities using Spacepad 39 Engagements
Unit price and quantity metricsTotal monthly spaces in use Not disclosed (the graph shows a year-on-year increase of 12.3%) / Monthly GMV per space ▲1.4% year on year
Number of stores and locationsNumber of branded locations 15 Location / Details Number of locations launched for Cherish Studio by スペマ
Number of employees75 People
Medium-term management plan targetsNet Sales 100 Hundreds of millions of yen
Market Size / ShareOverall space-sharing market 9,700 Hundreds of millions of yen / Utilization of idle real estate and conversion to accommodation facilities 2168〜4346 / Utilization of idle operating hours at stores 493〜986 / Space-sharing platform market 200 Hundreds of millions of yen
New initiativesIntroduction of identity verification using the My Number Card (JPKI), Launch of a feature for reporting space conditions upon entry and exit, Rollout of a brand series based on proprietary safety and security quality standards, Rollout of the collaboration series Cherish Studio by スペマ
Items this document does not state (14)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual 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 explains that operating profit declined year on year as it continued to increase revenue while making growth investments. It also states that M&A increased fixed costs, amortization of goodwill and other expenses.

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