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
124745
Thousands of yen (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,237,532 thousand+11.2%
Operating profit¥6,774 thousand
Net income¥-46,162 thousand
Operating profit margin0.55 %
Selling, general and administrative expenses¥97,319 thousand year-on-year increase
Results for the three months of the current quarterRevenue of ¥1,237,532 thousand, operating profit of ¥6,774 thousand, and quarterly net loss attributable to owners of the parent of ¥46,162 thousand. The material presents results for the first quarter alone.
Full-year earnings forecast
Net Sales
80 Hundreds of millions of yen
Operating profit
8.5 Hundreds of millions of yen
Operating Margin
10.6 %
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 Sales15.5%
Operating profit0.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Company recorded operating profit, reversing its initial plan for an operating loss. The operating margin is making steady progress toward the full-year target of 10.6%.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Was the strong performance in the previous fiscal year a one-off? It was not a one-off, and the Company plans to continue the trend of revenue and profit growth.
- Why is an operating loss planned for the first half? Revenue from deliveries is concentrated at the fiscal year-end, while investment in human resources and expenses are incurred ahead of revenue in the first half.
- Why introduce a 3% DOE? To provide stable shareholder returns that are less affected by fluctuations in business performance.
- Why did short-term borrowings decline and the equity ratio improve? The Company repaid borrowings as project funds were collected.
- When will Mobility & DX investments begin contributing to profit? The segment is expected to enter a full-scale recovery phase from the fiscal year ending March 2027.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Operating profit for the same period of the previous year¥-7,758 thousand
Increase in gross profit from the Public segment¥73,899 thousand
Increase in gross profit from the Mobility & DX segment¥37,952 thousand
Increase in company-wide SG&A expenses and other costs¥-97,319 thousand
Operating profit at the end of the quarter¥6,774 thousand
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The tendency for revenue from contracted projects to be recognized mainly at the fiscal year-end, and for investment in human resources and expenses to be incurred ahead of revenue in the first halfNew initiatives
- New product ANIST-Modeler scheduled for launch in September
- The latest version of WingEarth includes 3D Gaussian splatting functionality
- Sales of the digital twin platform DEXIO began on 17 June
- Participation in Tsukuba City's pilot commercialization project for the social implementation of autonomous driving
- Participation in an autonomous driving Level 4 validation project in Seika, Kyoto Prefecture
- Rebuilding the subsidiary management framework, establishing a management monitoring committee, appointing a CCO, and introducing the three-lines model
Key KPIsA metric the company considers important as a management benchmark.
- Total order backlog¥1,170,055 thousandYear on year against the same period last year+61.2%
- Equity ratio74 %
- Employees in the consolidated group220 People
Segment results
Public Sector segment
Net Sales
¥869,393 thousand+8.4%
Segment profit
¥262,125 thousand+18.7%
Mobility & DX segment
Net Sales
¥366,987 thousand+19.2%
Segment loss
¥-156,779 thousand
Medium-term management plan targets
Net Sales¥8 billion
Operating profit¥850 million
Operating Margin10%
ROE8.0%
Dividend per share¥37
DOEApproximately 3%
Consolidated number of employees235 people
Male employees' parental leave100%
Target fiscal yearFiscal year ending March 2027
Financial targets
ROE8.0% (medium-term management plan target)
Equity ratio74.0% (actual)
Orders received and order backlog
Total order backlog¥1,170,055 thousand
Year on year against the same period last year+61.2%
Number of employees
Number of Employees220 People
As of1 April 2026
Breakdown164 men, 56 women, including 13 contract and fixed-term employees
Payout ratio
Targeting a DOE of around 3%. Previously, the target was a consolidated dividend payout ratio of at least 30%.Acquisition of treasury shares
The material states that share repurchases have been conducted, but the repurchase limit, number of shares and period are not disclosed| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥1,237,532 thousand (YoY +11.2%) |
| Operating profit | ¥6,774 thousand |
| Net income | ¥-46,162 thousand |
| Operating profit margin | 0.55 % |
| Selling, general and administrative expenses | ¥97,319 thousand (year-on-year increase) |
| Results for the three months of the current quarter | Revenue of ¥1,237,532 thousand, operating profit of ¥6,774 thousand, and quarterly net loss attributable to owners of the parent of ¥46,162 thousand. The material presents results for the first quarter alone. |
| Full-year earnings forecast | Net Sales 80 Hundreds of millions of yen / Operating profit 8.5 Hundreds of millions of yen / Operating Margin 10.6 % |
| Progress against full-year forecast | Net Sales 15.5% / Operating profit 0.8% |
| Self-assessment against the plan | The Company recorded operating profit, reversing its initial plan for an operating loss. The operating margin is making steady progress toward the full-year target of 10.6%. |
| Segment results | Public Sector segment Net Sales ¥869,393 thousand (YoY +8.4%) / Segment profit ¥262,125 thousand (YoY +18.7%) / Mobility & DX segment Net Sales ¥366,987 thousand (YoY +19.2%) / Segment loss ¥-156,779 thousand |
| Breakdown of Factors Affecting the Change | Operating profit Operating profit for the same period of the previous year ¥-7,758 thousand / Increase in gross profit from the Public segment ¥73,899 thousand / Increase in gross profit from the Mobility & DX segment ¥37,952 thousand / Increase in company-wide SG&A expenses and other costs ¥-97,319 thousand / Operating profit at the end of the quarter ¥6,774 thousand |
| Key KPIs | Indicator name Total order backlog / Value ¥1,170,055 thousand / Year on year against the same period last year ¥61.2 thousand, Indicator name Equity ratio / Value 74 % / Year on year against the same period last year Not disclosed, Indicator name Employees in the consolidated group / Value 220 People / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 220 People / As of 1 April 2026 / Breakdown 164 men, 56 women, including 13 contract and fixed-term employees |
| Assumptions Underlying the Business Outlook | The tendency for revenue from contracted projects to be recognized mainly at the fiscal year-end, and for investment in human resources and expenses to be incurred ahead of revenue in the first half |
| Medium-term management plan targets | Net Sales ¥8 billion / Operating profit ¥850 million / Operating Margin 10% / ROE 8.0% / Dividend per share ¥37 / DOE Approximately 3% / Consolidated number of employees 235 people / Male employees' parental leave 100% / Target fiscal year Fiscal year ending March 2027 |
| Financial targets | ROE 8.0% (medium-term management plan target) / Equity ratio 74.0% (actual) |
| Payout ratio | Targeting a DOE of around 3%. Previously, the target was a consolidated dividend payout ratio of at least 30%. |
| Acquisition of treasury shares | The material states that share repurchases have been conducted, but the repurchase limit, number of shares and period are not disclosed |
| Orders received and order backlog | Total order backlog ¥1,170,055 thousand / Year on year against the same period last year ¥61.2 thousand |
| Key points of the Q&A | Was the strong performance in the previous fiscal year a one-off? It was not a one-off, and the Company plans to continue the trend of revenue and profit growth., Why is an operating loss planned for the first half? Revenue from deliveries is concentrated at the fiscal year-end, while investment in human resources and expenses are incurred ahead of revenue in the first half., Why introduce a 3% DOE? To provide stable shareholder returns that are less affected by fluctuations in business performance., Why did short-term borrowings decline and the equity ratio improve? The Company repaid borrowings as project funds were collected., When will Mobility & DX investments begin contributing to profit? The segment is expected to enter a full-scale recovery phase from the fiscal year ending March 2027. |
| New initiatives | New product ANIST-Modeler scheduled for launch in September, The latest version of WingEarth includes 3D Gaussian splatting functionality, Sales of the digital twin platform DEXIO began on 17 June, Participation in Tsukuba City's pilot commercialization project for the social implementation of autonomous driving, Participation in an autonomous driving Level 4 validation project in Seika, Kyoto Prefecture, Rebuilding the subsidiary management framework, establishing a management monitoring committee, appointing a CCO, and introducing the three-lines model |
Items this document does not state (8)
Ordinary incomeGross Profit MarginUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendCapital expendituresMarket Size / Share
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 the Public Sector segment, strong sales of bundled proprietary software and surveying equipment increased revenue and profit. In the Mobility & DX segment, contracted projects such as autonomous driving social implementation services and 3D map creation expanded, but the segment loss increased because revenue recognition tends to be concentrated at the fiscal year-end and due to upfront investment. In addition, the Company recorded an approximately ¥50 million valuation loss as the market value of its investment securities declined.
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