Worth reading
60In focus
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
12
Year-on-year revenue growth (%)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,132 million+12.0%
Operating profit¥406 million+31.4%
Ordinary income¥408 million+30.5%
Net income¥269 million+116.1%
Selling, general and administrative expenses¥574 million
Results for the three months of the current quarterRevenue was ¥2,132 million, operating profit was ¥406 million, ordinary profit was ¥408 million, profit attributable to owners of the parent was ¥269 million, and EBITDA was ¥560 million. All figures represent standalone results for the first quarter.
Full-year earnings forecast
Net Sales
¥9,250 million
Operating profit
¥1,860 million
Ordinary income
¥1,867 million
Net income
¥1,240 million
EBITDA
¥2,516 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadily toward achieving the full-year earnings forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Contribution profit
¥829 million
Change in personnel expenses and recruitment costs
¥-207 million
Expansion and operation of electronic certification center facilities
¥-158 million
Operating expenses
¥-98 million
Other
¥-155 million
New initiatives
- Expanding the hardware infrastructure through the introduction of HSMs compatible with post-quantum cryptography
- Continued investment in PQC-compatible software
- Full-scale rollout of a comprehensive security service for OSS
- Joint development with eSOL of an SDx development platform based on EMLinux and a real-time operating system
- Providing WingArc1st with certificates for iTrust e-seals
Key KPIsA metric the company considers important as a management benchmark.
- Number of paid iTrust API transactions20.61 million transactionsYear on year against the same period last yearUp 70%
- iTrust revenueYear on year against the same period last yearUp 75%
- Identity verification2.3 Year-on-year multiple
- EMLinux support revenueYear on year against the same period last year21% increase
- Trust services and recurring revenue as a percentage of iTrust revenue37 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The number of paid iTrust API transactions was 20.61 million, up 70% year on year. The unit price of server certificates temporarily halved due to shortened validity periods.Segment results
Trust Services
Net Sales
¥1,188 million
Year-on-year (%)10.5
Platform Services
Net Sales
¥944 million
Year-on-year (%)14
Annual Dividend
Forecast for the fiscal year ending March 2027¥14.00
Interim Dividend¥0.00
Year-end dividend¥14.00
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥2,132 million (YoY +12.0%) |
| Operating profit | ¥406 million (YoY +31.4%) |
| Ordinary income | ¥408 million (YoY +30.5%) |
| Net income | ¥269 million (YoY +116.1%) |
| Selling, general and administrative expenses | ¥574 million |
| Results for the three months of the current quarter | Revenue was ¥2,132 million, operating profit was ¥406 million, ordinary profit was ¥408 million, profit attributable to owners of the parent was ¥269 million, and EBITDA was ¥560 million. All figures represent standalone results for the first quarter. |
| Full-year earnings forecast | Net Sales ¥9,250 million / Operating profit ¥1,860 million / Ordinary income ¥1,867 million / Net income ¥1,240 million / EBITDA ¥2,516 million |
| Self-assessment against the plan | Progressing steadily toward achieving the full-year earnings forecast |
| Segment results | Trust Services Net Sales ¥1,188 million / Year-on-year (%) 10.5 / Platform Services Net Sales ¥944 million / Year-on-year (%) 14 |
| Breakdown of Factors Affecting the Change | Operating profit Contribution profit ¥829 million / Change in personnel expenses and recruitment costs ¥-207 million / Expansion and operation of electronic certification center facilities ¥-158 million / Operating expenses ¥-98 million / Other ¥-155 million |
| Key KPIs | Indicator name Number of paid iTrust API transactions / Value 20.61 million transactions / Year on year against the same period last year Up 70%, Indicator name iTrust revenue / Value Not disclosed / Year on year against the same period last year Up 75%, Indicator name Identity verification / Value 2.3 Year-on-year multiple / Year on year against the same period last year Not disclosed, Indicator name EMLinux support revenue / Value Not disclosed / Year on year against the same period last year 21% increase, Indicator name Trust services and recurring revenue as a percentage of iTrust revenue / Value 37 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The number of paid iTrust API transactions was 20.61 million, up 70% year on year. The unit price of server certificates temporarily halved due to shortened validity periods. |
| Annual Dividend | Forecast for the fiscal year ending March 2027 ¥14.00 / Interim Dividend ¥0.00 / Year-end dividend ¥14.00 |
| New initiatives | Expanding the hardware infrastructure through the introduction of HSMs compatible with post-quantum cryptography, Continued investment in PQC-compatible software, Full-scale rollout of a comprehensive security service for OSS, Joint development with eSOL of an SDx development platform based on EMLinux and a real-time operating system, Providing WingArc1st with certificates for iTrust e-seals |
Items this document does not state (15)
Gross Profit MarginOperating profit marginProgress against full-year forecastNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.This was driven by accelerating growth in iTrust, increased demand for identity verification services for financial institutions and partner electronic signatures for electronic contract services, as well as higher Linux support revenue and an increase in large-scale commissioned development projects. Server certificate revenue temporarily declined due to the impact of shortened validity periods.
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.