Worth reading
57In 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
-6874
Thousands of yen (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter (interim period) of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,989,535 thousand+4.1%
Operating profit¥198,664 thousand-3.3%
Ordinary income¥230,008 thousand-17.5%
Net income¥139,582 thousand-11.4%
Operating profit margin10 %
Full-year earnings forecast
Net Sales
¥4,345,026 thousand
Operating profit
¥500,509 thousand
Ordinary income
¥511,825 thousand
Profit attributable to owners of the parent
¥326,792 thousand
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 Sales45.8 %
Operating profit39.7 %
Ordinary income44.9 %
Interim net income attributable to owners of the parent42.7 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Decrease in Outsourcing Costs¥12,538 thousand
Decrease in other SG&A expenses¥11,193 thousand
Decrease in Goodwill Amortization¥9,776 thousand
New consolidation of AttendMe¥4,906 thousand
Increase in commissions paid¥-22,672 thousand
Increase in personnel-related expenses¥-14,945 thousand
Increase in Employee Benefits Costs¥-3,989 thousand
Gross profit decline¥-3,681 thousand
Ordinary profit and below
Decrease in Non-Operating Income¥-41,859 thousand
Main factorsLower foreign exchange gains on foreign-currency deposits and the difference from the large-scale factoring transaction recorded in the prior fiscal year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Base Rate RevisionApproximately 11% on average from usage in August 2026 (10%–12.5% by plan)
Foreign Exchange and Infrastructure CostsThe company cited foreign exchange movements and higher infrastructure costs as reasons for the fee revision.
New initiatives
- Revision of フューチャーショップ’s base fees
- Release of the third version of future Review
- Release of a TikTok Shop data integration option
- Business partnership for Paygent invoice card payments
- Release of OneCredit. card payments
- Development of a digital certification platform for environmental value and practical implementation in the biochar business
- Share Repurchases
Key KPIsA metric the company considers important as a management benchmark.
- GMV¥1,061.9 100 million+5.7%
- Number of contracts at the end of September2,690 projects-1.5%
- ARPU¥90,506+7.6%
- GMV per store¥39,211 thousand+8.5%
- Average cancellation rate for August and September0.7 %Same period of the previous fiscal year0.73
- Cumulative amount of receivables purchased¥1,006,850 thousandYear on year against the same period last year+118.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of contracts
2,690 projects-1.5%
ARPU
¥90,506+7.6%
GMV per store
¥39,211 thousand+8.5%
Segment results
FutureShop e-commerce platform
Net Sales
¥14.7 100 million
Revenue_yoy_pct4.9
Operating profit
¥3.5 100 million
Operating profit_yoy_pct0.5
ソフテル
Net Sales
¥434 million
Revenue_yoy_pct-4.6
Operating profit
¥19 million
Operating profit_yoy_pct-61.8
Market Size / Share
Global Electricity Demand
2027 forecast32,542 TWh
CDR Market$13.7 billion advance purchase agreement
Acquisition of treasury shares
Maximum number of shares to be acquired¥50,000
Maximum total acquisition cost¥45,000,000
Acquisition period24 November 2026–13 May 2027
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥1,989,535 thousand (YoY +4.1%) |
| Operating profit | ¥198,664 thousand (YoY -3.3%) |
| Ordinary income | ¥230,008 thousand (YoY -17.5%) |
| Net income | ¥139,582 thousand (YoY -11.4%) |
| Operating profit margin | 10 % |
| Full-year earnings forecast | Net Sales ¥4,345,026 thousand / Operating profit ¥500,509 thousand / Ordinary income ¥511,825 thousand / Profit attributable to owners of the parent ¥326,792 thousand |
| Progress against full-year forecast | Net Sales 45.8 % / Operating profit 39.7 % / Ordinary income 44.9 % / Interim net income attributable to owners of the parent 42.7 % |
| Segment results | FutureShop e-commerce platform Net Sales ¥14.7 100 million / Revenue_yoy_pct 4.9 / Operating profit ¥3.5 100 million / Operating profit_yoy_pct 0.5 / ソフテル Net Sales ¥434 million / Revenue_yoy_pct -4.6 / Operating profit ¥19 million / Operating profit_yoy_pct -61.8 / AttendMe Not disclosed / 既読 Not disclosed / 空色 Not disclosed / TradeSafe Not disclosed |
| Breakdown of Factors Affecting the Change | Operating profit Decrease in Outsourcing Costs ¥12,538 thousand / Decrease in other SG&A expenses ¥11,193 thousand / Decrease in Goodwill Amortization ¥9,776 thousand / New consolidation of AttendMe ¥4,906 thousand / Increase in commissions paid ¥-22,672 thousand / Increase in personnel-related expenses ¥-14,945 thousand / Increase in Employee Benefits Costs ¥-3,989 thousand / Gross profit decline ¥-3,681 thousand / Ordinary profit and below Decrease in Non-Operating Income ¥-41,859 thousand / Main factors Lower foreign exchange gains on foreign-currency deposits and the difference from the large-scale factoring transaction recorded in the prior fiscal year |
| Key KPIs | GMV ¥1,061.9 100 million (YoY +5.7%), Number of contracts at the end of September 2,690 projects (YoY -1.5%), ARPU ¥90,506 (YoY +7.6%), GMV per store ¥39,211 thousand (YoY +8.5%), Average cancellation rate for August and September 0.7 %, Cumulative amount of receivables purchased ¥1,006,850 thousand |
| Unit price and quantity metrics | Number of contracts 2,690 projects (YoY -1.5%) / ARPU ¥90,506 (YoY +7.6%) / GMV per store ¥39,211 thousand (YoY +8.5%) |
| Assumptions Underlying the Business Outlook | Base Rate Revision Approximately 11% on average from usage in August 2026 (10%–12.5% by plan) / Foreign Exchange and Infrastructure Costs The company cited foreign exchange movements and higher infrastructure costs as reasons for the fee revision. |
| Acquisition of treasury shares | Maximum number of shares to be acquired ¥50,000 / Maximum total acquisition cost ¥45,000,000 / Acquisition period 24 November 2026–13 May 2027 |
| Market Size / Share | Global Electricity Demand 2027 forecast 32,542 TWh / CDR Market $13.7 billion advance purchase agreement |
| New initiatives | Revision of フューチャーショップ’s base fees, Release of the third version of future Review, Release of a TikTok Shop data integration option, Business partnership for Paygent invoice card payments, Release of OneCredit. card payments, Development of a digital certification platform for environmental value and practical implementation in the biochar business, Share Repurchases |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioCapital 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.Revenue increased due to higher option revenue and the revision of base fees at フューチャーショップ, as well as the longer consolidation period for AttendMe. The decline in orders for large-scale projects at ソフテル, higher costs associated with functional improvements to "通販する蔵," and higher payment fees, including fees for AI services, outweighed the factors driving profit growth at other companies, resulting in lower operating profit. Net profit declined due to the decrease in operating profit, a decline in foreign exchange gains, and lower revenue from large-scale projects for "OneCredit."
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.
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