Worth reading
52Recurring
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
56.9
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 20218 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥853 million+56.9%
Operating profit¥192 million+84.7%
Ordinary income¥193 million+107.0%
Net income¥127 million+63.9%
Operating profit margin22.6 %
Results for the three months of the current quarter
Net Sales
¥432 million
Recurring revenue
¥411 million
Other revenue
¥21 million
Full-year earnings forecast
Net Sales
¥1,790 million
Operating profit
¥250 million
Ordinary income
¥247 million
Net income
¥179 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 Sales47.6 %
Operating profit77 %
Ordinary income77.9 %
Net income71.2 %
CSC revenue46.8 %
Softek revenue54.1 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was on track with the plan, while operating profit significantly exceeded the plan at the end of the periodBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Growth in the core products and Softek's contribution following its consolidation
New initiatives
- Launch of the beta version of WafCharm for AWS in the United States
- Conduct seminars on the amended Act on the Protection of Personal Information
- Strengthen hiring in the second half
Key KPIsA metric the company considers important as a management benchmark.
- ARR (company-wide total)¥1,667 millionYear on year against the same period last year+48.5%
- Total users3,611 usersYear on year against the same period last year+62.1%
- 攻撃遮断くん ARR¥1,029 millionYear on year against the same period last year+17.7%
- Companies using 攻撃遮断くん995 companiesYear on year against the same period last year+16.9%
- WafCharm ARR¥385 millionYear on year against the same period last year+90.8%
- WafCharm users527 usersYear on year against the same period last year+93.8%
- Managed Rules ARR¥103 millionYear on year against the same period last year+125.9%
- Managed Rules users1,960 usersYear on year against the same period last year+77.4%
- WafCharm NRR115.9 %Year on year against the same period last year+2.8%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
WafCharm
Q2 2020 users272 Users, ¥ million, %
Q2 2021 users527 Users, ¥ million, %
Q2 2020 ARR201 Users, ¥ million, %
Q2 2021 ARR385 Users, ¥ million, %
Average churn rate0.84 Users, ¥ million, %
NRR115.9 Users, ¥ million, %
Segment results
CSC
Net Sales
¥742 million+36.7%
ソフテック
Net Sales
¥110 million
Market Size / Share
U.S. security market¥6.8 trillion
Japanese security market¥1.1 trillion
WAF adoption rate
5,000 people or more72 %
1,000–4,999 people33.3 %
100–999 people12.7 %
99 people or fewer3.2 %
Number of employees
Headcount at fiscal year-end65 people
Hiring planFurther strengthen hiring in the second half to increase headcount
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2021 |
| Net Sales | ¥853 million (YoY +56.9%) |
| Operating profit | ¥192 million (YoY +84.7%) |
| Ordinary income | ¥193 million (YoY +107.0%) |
| Net income | ¥127 million (YoY +63.9%) |
| Operating profit margin | 22.6 % |
| Results for the three months of the current quarter | Net Sales ¥432 million / Recurring revenue ¥411 million / Other revenue ¥21 million |
| Full-year earnings forecast | Net Sales ¥1,790 million / Operating profit ¥250 million / Ordinary income ¥247 million / Net income ¥179 million |
| Progress against full-year forecast | Net Sales 47.6 % / Operating profit 77 % / Ordinary income 77.9 % / Net income 71.2 % / CSC revenue 46.8 % / Softek revenue 54.1 % |
| Self-assessment against the plan | Revenue was on track with the plan, while operating profit significantly exceeded the plan at the end of the period |
| Segment results | CSC Net Sales ¥742 million (YoY +36.7%) / ソフテック Net Sales ¥110 million |
| Breakdown of Factors Affecting the Change | Growth in the core products and Softek's contribution following its consolidation |
| Key KPIs | Indicator name ARR (company-wide total) / Value ¥1,667 million / Year on year against the same period last year ¥48.5 million, Indicator name Total users / Value 3,611 users / Year on year against the same period last year 62.1 users, Indicator name 攻撃遮断くん ARR / Value ¥1,029 million / Year on year against the same period last year ¥17.7 million, Indicator name Companies using 攻撃遮断くん / Value 995 companies / Year on year against the same period last year 16.9 companies, Indicator name WafCharm ARR / Value ¥385 million / Year on year against the same period last year ¥90.8 million, Indicator name WafCharm users / Value 527 users / Year on year against the same period last year 93.8 users, Indicator name Managed Rules ARR / Value ¥103 million / Year on year against the same period last year ¥125.9 million, Indicator name Managed Rules users / Value 1,960 users / Year on year against the same period last year 77.4 users, Indicator name WafCharm NRR / Value 115.9 % / Year on year against the same period last year 2.8 % |
| Unit price and quantity metrics | WafCharm Q2 2020 users 272 Users, ¥ million, % / Q2 2021 users 527 Users, ¥ million, % / Q2 2020 ARR 201 Users, ¥ million, % / Q2 2021 ARR 385 Users, ¥ million, % / Average churn rate 0.84 Users, ¥ million, % / NRR 115.9 Users, ¥ million, % |
| Number of employees | Headcount at fiscal year-end 65 people / Hiring plan Further strengthen hiring in the second half to increase headcount |
| Market Size / Share | U.S. security market ¥6.8 trillion / Japanese security market ¥1.1 trillion / WAF adoption rate 5,000 people or more 72 % / 1,000–4,999 people 33.3 % / 100–999 people 12.7 % / 99 people or fewer 3.2 % |
| New initiatives | Launch of the beta version of WafCharm for AWS in the United States, Conduct seminars on the amended Act on the Protection of Personal Information, Strengthen hiring in the second half |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial 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.In addition to growth in the core products 攻撃遮断くん (cyberattack blocking service) and WafCharm, Softek was made a subsidiary and contributed to consolidated results. The company explained that operating profit significantly exceeded the plan, mainly due to the increase in revenue.
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.