Worth reading
74In 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
-200329
Thousands of yen (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,980,404 thousand-4.2%
Operating profit¥6,348 thousand-96.9%
Net income-67,291 Thousand yen interim net income or net loss attributable to owners of the parent
Operating profit margin0.21 %
Results for the three months of the current quarter
Operating profit
-425 Thousand yen three months ended the second quarter
Full-year earnings forecast
Net Sales
¥80 100 million
Operating profit
¥8.5 100 million
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 Sales37.3 %
Operating profit0.7 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The operating margin is currently below 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
- Questions Was the previous fiscal year's strong performance a one-off? / Answer Explained that it was not a one-off and that the trend of higher revenue and profit is expected to continue.
- Questions Reason for introducing a 3% DOE / Answer Explained that the aim is to provide stable shareholder returns that are less susceptible to fluctuations in business performance.
- Questions Reason for the decrease in short-term borrowings and improvement in the equity ratio / Answer Explained that borrowings were repaid as project funds were collected.
- Questions When Mobility and DX investments will begin contributing to profit / Answer Explained that the business will transition to a full-scale recovery phase from the fiscal year ending March 2027 and establish a revenue base through vehicle sales and post-deployment support.
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¥206,677 thousand
Decrease in Public segment gross profit¥-24,761 thousand
Decrease in Mobility & DX segment gross profit¥-2,155 thousand
Increase in company-wide SG&A expenses and other costs¥-173,412 thousand
Public segment profit
Segment profit for the same period of the previous year¥479,783 thousand
Revenue decline¥-146,648 thousand
Decrease in cost of sales¥121,886 thousand
Increase in selling, general and administrative expenses¥-59,641 thousand
Mobility & DX segment profit
Segment loss in the same period of the previous year¥-95,386 thousand
Increase in sales¥18,592 thousand
Increase in cost of sales¥-20,747 thousand
Increase in selling, general and administrative expenses¥-84,353 thousand
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Revenue recognition is expected to be concentrated in the fourth quarter. Other numerical assumptions, including foreign exchange rates, raw material prices and interest rates, are Not disclosed.New initiatives
- Launched the 3D modeling software “ANIST-Modeler” in September 2026
- Obtained a patent related to ANIST’s BOLD point cloud technology
- Signed a capital and business alliance agreement with ミックウェア in July 2026
- Released the digital twin platform “DEXIO” in June 2026
- Was commissioned to operate an autonomous driving bus service in Karuizawa, Nagano Prefecture
- Participated in the autonomous driving bus business in Koga, Fukuoka Prefecture
- Provided high-precision 3D map data free of charge to support recovery and reconstruction following the Kumamoto Earthquake
Key KPIsA metric the company considers important as a management benchmark.
- Total order backlog¥1,445,210 thousandYear on year against the same period last year-0.5%
- Equity ratio71.3 %
- Number of municipalities participating in the autonomous driving social implementation business (previous fiscal year)26 Local governments
- Cumulative number of locations where autonomous driving demonstration tests have been conducted190 Locations or more
- DOE target3 Around %
Segment results
Public sector
Net Sales
¥1,700,043 thousand-7.9%
Segment profit
¥395,380 thousand-17.6%
Mobility & DX
Net Sales
¥1,277,922 thousand+1.5%
Segment loss
¥-181,895 thousand
Medium-term management plan targets
Net Sales
¥80 100 million
Operating profit
¥8.5 100 million
Operating Margin
10 %
ROE
8 %
Dividend per share
¥37
DOE
3 Around %
Consolidated headcount
235 people
Target fiscal yearFiscal year ending March 2027
Financial targets
ROE
8 % medium-term management plan target
Equity ratio
71.3 % actual
Orders received and order backlog
Order backlog
¥1,445,210 thousand
Number of employees
220 People as of 1 April 2026
Hiring planThe Company will continue securing human resources through new graduate and career hiring
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 | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥2,980,404 thousand (YoY -4.2%) |
| Operating profit | ¥6,348 thousand (YoY -96.9%) |
| Net income | -67,291 Thousand yen (interim net income or net loss attributable to owners of the parent) |
| Operating profit margin | 0.21 % |
| Results for the three months of the current quarter | Operating profit -425 Thousand yen (three months ended the second quarter) |
| Full-year earnings forecast | Net Sales ¥80 100 million / Operating profit ¥8.5 100 million / Operating Margin 10.6 % / Net income Not disclosed |
| Progress against full-year forecast | Net Sales 37.3 % / Operating profit 0.7 % |
| Self-assessment against the plan | The operating margin is currently below the full-year target of 10.6%. |
| Segment results | Public sector Net Sales ¥1,700,043 thousand (YoY -7.9%) / Segment profit ¥395,380 thousand (YoY -17.6%) / Mobility & DX Net Sales ¥1,277,922 thousand (YoY +1.5%) / Segment loss ¥-181,895 thousand |
| Breakdown of Factors Affecting the Change | Operating profit Operating profit for the same period of the previous year ¥206,677 thousand / Decrease in Public segment gross profit ¥-24,761 thousand / Decrease in Mobility & DX segment gross profit ¥-2,155 thousand / Increase in company-wide SG&A expenses and other costs ¥-173,412 thousand / Public segment profit Segment profit for the same period of the previous year ¥479,783 thousand / Revenue decline ¥-146,648 thousand / Decrease in cost of sales ¥121,886 thousand / Increase in selling, general and administrative expenses ¥-59,641 thousand / Mobility & DX segment profit Segment loss in the same period of the previous year ¥-95,386 thousand / Increase in sales ¥18,592 thousand / Increase in cost of sales ¥-20,747 thousand / Increase in selling, general and administrative expenses ¥-84,353 thousand |
| Key KPIs | Indicator name Total order backlog / Value ¥1,445,210 thousand / Year on year against the same period last year ¥-0.5 thousand, Indicator name Equity ratio / Value 71.3 % / Year on year against the same period last year Not disclosed, Indicator name Number of municipalities participating in the autonomous driving social implementation business (previous fiscal year) / Value 26 Local governments / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of locations where autonomous driving demonstration tests have been conducted / Value 190 Locations or more / Year on year against the same period last year Not disclosed, Indicator name DOE target / Value 3 Around % / Year on year against the same period last year Not disclosed |
| Number of employees | 220 People (as of 1 April 2026) |
| Assumptions Underlying the Business Outlook | Revenue recognition is expected to be concentrated in the fourth quarter. Other numerical assumptions, including foreign exchange rates, raw material prices and interest rates, are Not disclosed. |
| Medium-term management plan targets | Net Sales ¥80 100 million / Operating profit ¥8.5 100 million / Operating Margin 10 % / ROE 8 % / Dividend per share ¥37 / DOE 3 Around % / Consolidated headcount 235 people / Target fiscal year Fiscal year ending March 2027 |
| Financial targets | ROE 8 % (medium-term management plan target) / Equity ratio 71.3 % (actual) |
| 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 | Order backlog ¥1,445,210 thousand / Orders received Not disclosed |
| Key points of the Q&A | Questions Was the previous fiscal year's strong performance a one-off? / Answer Explained that it was not a one-off and that the trend of higher revenue and profit is expected to continue., Questions Reason for introducing a 3% DOE / Answer Explained that the aim is to provide stable shareholder returns that are less susceptible to fluctuations in business performance., Questions Reason for the decrease in short-term borrowings and improvement in the equity ratio / Answer Explained that borrowings were repaid as project funds were collected., Questions When Mobility and DX investments will begin contributing to profit / Answer Explained that the business will transition to a full-scale recovery phase from the fiscal year ending March 2027 and establish a revenue base through vehicle sales and post-deployment support. |
| New initiatives | Launched the 3D modeling software “ANIST-Modeler” in September 2026, Obtained a patent related to ANIST’s BOLD point cloud technology, Signed a capital and business alliance agreement with ミックウェア in July 2026, Released the digital twin platform “DEXIO” in June 2026, Was commissioned to operate an autonomous driving bus service in Karuizawa, Nagano Prefecture, Participated in the autonomous driving bus business in Koga, Fukuoka Prefecture, Provided high-precision 3D map data free of charge to support recovery and reconstruction following the Kumamoto Earthquake |
Items this document does not state (10)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendPayout ratioCapital 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 segment, revenue and profit declined due to the backlash from large projects received in the same period of the previous year. In the Mobility and DX segment, costs increased because of upfront investment in new businesses, in addition to the tendency for revenue recognition to be concentrated at the fiscal year-end. Company-wide selling, general and administrative expenses increased, mainly due to investment in human resources, and an extraordinary loss of approximately ¥78 million was recorded due to declines in the market value of investment securities held.
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