Worth reading
65In 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
-300
¥ million (variance from the initial net sales forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsQ3 FY20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,199 million+12.6%
Operating profit¥894 million+6.0%
Ordinary income¥901 million+12.0%
Net income¥611 million+7.6%
Gross Profit Margin62.8 %
Operating profit margin21.3 %
Selling, general and administrative expenses¥1,850 million
Results for the three months of the current quarter
Net Sales
¥1,428 million+9.1%
Gross profit
¥897 million+0.5%
Operating profit
¥275 million-25.1%
Ordinary income
¥252 million-32.9%
Net income
¥163 million-36.1%
Full-year earnings forecast
Net Sales
¥5,700 million
Operating profit
¥1,102 million
Operating profit margin
19.3 %
Ordinary income
¥1,102 million
Net income
¥780 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 Sales73.7 %
Operating profit81.2 %
Ordinary income81.8 %
Net income78.3 %
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The effects of price revisions for the main products will be reflected successively by product. WafCharm is expected to make its full contribution from 4Q, SIDfm in 4Q 2027, and Managed Rules in 4Q. Other numerical assumptions: Not disclosed.New initiatives
- Launch of an AI governance assessment service in August 2026
- Launch of an AI security improvement and implementation support service in September 2026
- Successive implementation of price revisions for the main products
- Integrate the sales and development organizations and strengthen cross-product customer proposals
Key KPIsA metric the company considers important as a management benchmark.
- ARR (annual recurring revenue)¥5,501 million+14.9%
- Increase in inquiries and requests for information materials5 Times
- Number of attacks detected by the Company's WAF (year-on-year change for July–September)1.8 Times
- Information leakage incidents at listed companies (October)109 projects
Medium-term management plan targets
Target fiscal year2030
Net Sales
¥200 100 million
Operating profit
¥40 100 million
TargetEstablish a No. 1 position in application security
Market Size / Share
Domestic revenue share1st place
AWS WAF Managed Rules User Count
4,035 users
Number of employees
206 people
Annual Dividend
The year-end dividend forecast was unchanged. The amount and breakdown between the interim and year-end dividends: Not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥4,199 million (YoY +12.6%) |
| Operating profit | ¥894 million (YoY +6.0%) |
| Ordinary income | ¥901 million (YoY +12.0%) |
| Net income | ¥611 million (YoY +7.6%) |
| Gross Profit Margin | 62.8 % |
| Operating profit margin | 21.3 % |
| Selling, general and administrative expenses | ¥1,850 million |
| Results for the three months of the current quarter | Net Sales ¥1,428 million (YoY +9.1%) / Gross profit ¥897 million (YoY +0.5%) / Operating profit ¥275 million (YoY -25.1%) / Ordinary income ¥252 million (YoY -32.9%) / Net income ¥163 million (YoY -36.1%) |
| Full-year earnings forecast | Net Sales ¥5,700 million / Operating profit ¥1,102 million / Operating profit margin 19.3 % / Ordinary income ¥1,102 million / Net income ¥780 million / Annual Dividend Not disclosed |
| Progress against full-year forecast | Net Sales 73.7 % / Operating profit 81.2 % / Ordinary income 81.8 % / Net income 78.3 % |
| Key KPIs | ARR (annual recurring revenue) ¥5,501 million (YoY +14.9%), Increase in inquiries and requests for information materials 5 Times, Number of attacks detected by the Company's WAF (year-on-year change for July–September) 1.8 Times, Information leakage incidents at listed companies (October) 109 projects |
| Number of employees | 206 people |
| Assumptions Underlying the Business Outlook | The effects of price revisions for the main products will be reflected successively by product. WafCharm is expected to make its full contribution from 4Q, SIDfm in 4Q 2027, and Managed Rules in 4Q. Other numerical assumptions: Not disclosed. |
| Medium-term management plan targets | Target fiscal year 2030 / Net Sales ¥200 100 million / Operating profit ¥40 100 million / Target Establish a No. 1 position in application security |
| Annual Dividend | The year-end dividend forecast was unchanged. The amount and breakdown between the interim and year-end dividends: Not disclosed. |
| Market Size / Share | Domestic revenue share 1st place / AWS WAF Managed Rules User Count 4,035 users |
| New initiatives | Launch of an AI governance assessment service in August 2026, Launch of an AI security improvement and implementation support service in September 2026, Successive implementation of price revisions for the main products, Integrate the sales and development organizations and strengthen cross-product customer proposals |
Items this document does not state (12)
Self-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsPayout 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.Some plans were delayed because sales activities were delayed following major changes to the sales and development organizations, while net sales fell and unplanned costs were incurred, including the cost of expanding the head office, and costs for addressing the risk of information leakage.
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.