Worth reading
45Recurring
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
Conditional
How definitive the wording is.Contents of this document
Earnings briefing transcriptFirst quarter of the fiscal year ending March 20275 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%
Results for the three months of the current quarter
Net Sales
¥2,132 million
Operating profit
¥406 million
Ordinary income
¥408 million
Profit attributable to owners of the parent
¥269 million
EBITDA
¥560 million
Full-year earnings forecast
Net Sales
¥9,250 million
Operating profit
¥1,860 million
Ordinary income
¥1,867 million
Profit attributable to owners of the parent
¥1,240 million
EBITDA
¥2,516 million
Operating profit margin
20.1 %
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 forecastNew initiatives
- Launch of the remote-signing system for the Ministry of Justice's electronic certificates for commercial registration
- Providing WingArc1st with certificates for iTrust e-seals
- Full-scale rollout of a comprehensive security service for OSS
- Joint development with eSOL of an SDx development platform for physical AI
- Introduction of an HSM supporting post-quantum cryptography and investment in PQC-ready software
Key KPIsA metric the company considers important as a management benchmark.
- Number of iTrust transactions (paid API usage)2,061 ten thousand itemsYear-on-year (%)70
- Recurring services revenueYear-on-year (%)12.6
- Recurring services revenue excluding CentOSYear-on-year (%)19.3
Segment results
Trust Services
Net Sales
¥1,188 million
Year on year against the same period last year+10.5%
Platform Services
Net Sales
¥944 million
Year on year against the same period last year+14.0%
Annual Dividend
¥14 per share
Interim Dividend¥0.00
Year-end dividend¥14.00
| Item | Details |
|---|---|
| Document type | Earnings briefing transcript |
| 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%) |
| Results for the three months of the current quarter | Net Sales ¥2,132 million / Operating profit ¥406 million / Ordinary income ¥408 million / Profit attributable to owners of the parent ¥269 million / EBITDA ¥560 million |
| Full-year earnings forecast | Net Sales ¥9,250 million / Operating profit ¥1,860 million / Ordinary income ¥1,867 million / Profit attributable to owners of the parent ¥1,240 million / EBITDA ¥2,516 million / Operating profit margin 20.1 % |
| Self-assessment against the plan | Progressing steadily toward achieving the full-year earnings forecast |
| Segment results | Trust Services Net Sales ¥1,188 million / yoy_pct 10.5 / Platform Services Net Sales ¥944 million / yoy_pct 14 |
| Key KPIs | Indicator name Number of iTrust transactions (paid API usage) / Value 2,061 ten thousand items / Year-on-year (%) 70 ten thousand items, Indicator name Recurring services revenue / Value Not disclosed / Year-on-year (%) 12.6, Indicator name Recurring services revenue excluding CentOS / Value Not disclosed / Year-on-year (%) 19.3 |
| Annual Dividend | ¥14 per share |
| New initiatives | Launch of the remote-signing system for the Ministry of Justice's electronic certificates for commercial registration, Providing WingArc1st with certificates for iTrust e-seals, Full-scale rollout of a comprehensive security service for OSS, Joint development with eSOL of an SDx development platform for physical AI, Introduction of an HSM supporting post-quantum cryptography and investment in PQC-ready software |
Items this document does not state (18)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber 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.Revenue growth was driven by accelerating growth in iTrust, increased use of identity verification services by financial institutions in response to amendments to the Act on Prevention of Transfer of Criminal Proceeds, and an increase in security consulting related to the European Cyber Resilience Act and large contract development projects for the automotive sector. The validity period for server certificates was shortened from one year to six months, temporarily reducing revenue recognized at the time of issuance.
How to read this page
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