Worth reading
58In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
6
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending February 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥421 million+6.0%
Operating profit¥28 million+21.0%
Ordinary income¥30 million+19.0%
Net income¥20 million+22.0%
Selling, general and administrative expenses¥152 million
Results for the three months of the current quarterRevenue ¥421 million, gross profit ¥180 million, selling, general and administrative expenses ¥152 million, operating income ¥28 million, ordinary income ¥30 million, net income ¥20 million
Full-year earnings forecast
Net Sales
¥1,703 million
Gross profit
¥665 million
Selling, General and Administrative Expenses
¥548 million
Operating profit
¥117 million
Ordinary income
¥129 million
Net income for the current fiscal year
¥79 million
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 Sales25%
Gross profit27%
Selling, General and Administrative Expenses28%
Operating profit24%
Ordinary income24%
Net income for the current fiscal year26%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating income are broadly on track against the full-year forecast. Selling, general and administrative expenses are slightly ahead, with a progress rate of 28%.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Transition to a new pricing structure for the SaaS service, strong listing advertising, increased demand for website production, higher costs related to the relocation of headquarters, and lower orders for Town Mansion Plus and contracted system development
New initiatives
- Rent Valuation DX, released in March 2026 for real estate sales and brokerage companies
- Plan to link Rent Valuation DX with the DX service operated by ITANDI, part of the GA technologies Group
- Launch of a dedicated planning team for the digital marketing business
Key KPIsA metric the company considers important as a management benchmark.
- MRRYear on year against the same period last year+7.6%
- Revenue churn rateYear on year against the same period last year△0.11pt
- Average number of customers in the used condominium segment3,989 companiesYear on year against the same period last year+14.3%
- Number of properties carrying CGM advertisementsYear on year against the same period last yearApproximately unchanged year on year
- MER for Rent Valuation DX1.6 %
- Monthly users of Mansion Community130 10,000 people or more
- Monthly page views for Mansion Community769 10,000 page views
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average customer spendUp 9.6% year on year
Average number of customers in the used condominium segment3,989 companies, up 14.3% year on year
Segment results
Platform Business
Net Sales
¥267 million+3.0%
Digital Marketing Business
Net Sales
¥140 million+17.0%
Other
Net Sales
¥13 million-18.0%
Financial targets
Equity ratio: 78.9% (at the end of Q1 of the fiscal year ending February 2027)Market Size / Share
Market size and share by value: not disclosedNumber of employees
Number of Employees77 people
As ofAs of February 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending February 2027 |
| Net Sales | ¥421 million (YoY +6.0%) |
| Operating profit | ¥28 million (YoY +21.0%) |
| Ordinary income | ¥30 million (YoY +19.0%) |
| Net income | ¥20 million (YoY +22.0%) |
| Selling, general and administrative expenses | ¥152 million |
| Results for the three months of the current quarter | Revenue ¥421 million, gross profit ¥180 million, selling, general and administrative expenses ¥152 million, operating income ¥28 million, ordinary income ¥30 million, net income ¥20 million |
| Full-year earnings forecast | Net Sales ¥1,703 million / Gross profit ¥665 million / Selling, General and Administrative Expenses ¥548 million / Operating profit ¥117 million / Ordinary income ¥129 million / Net income for the current fiscal year ¥79 million |
| Progress against full-year forecast | Net Sales 25% / Gross profit 27% / Selling, General and Administrative Expenses 28% / Operating profit 24% / Ordinary income 24% / Net income for the current fiscal year 26% |
| Self-assessment against the plan | Revenue and operating income are broadly on track against the full-year forecast. Selling, general and administrative expenses are slightly ahead, with a progress rate of 28%. |
| Segment results | Platform Business Net Sales ¥267 million (YoY +3.0%) / Digital Marketing Business Net Sales ¥140 million (YoY +17.0%) / Other Net Sales ¥13 million (YoY -18.0%) |
| Breakdown of Factors Affecting the Change | Transition to a new pricing structure for the SaaS service, strong listing advertising, increased demand for website production, higher costs related to the relocation of headquarters, and lower orders for Town Mansion Plus and contracted system development |
| Key KPIs | Indicator name MRR / Value Not disclosed / Year on year against the same period last year +7.6%, Indicator name Revenue churn rate / Value Not disclosed / Year on year against the same period last year △0.11pt, Indicator name Average number of customers in the used condominium segment / Value 3,989 companies / Year on year against the same period last year +14.3%, Indicator name Number of properties carrying CGM advertisements / Value Not disclosed / Year on year against the same period last year Approximately unchanged year on year, Indicator name MER for Rent Valuation DX / Value 1.6 % / Year on year against the same period last year Not disclosed, Indicator name Monthly users of Mansion Community / Value 130 10,000 people or more / Year on year against the same period last year Not disclosed, Indicator name Monthly page views for Mansion Community / Value 769 10,000 page views / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average customer spend Up 9.6% year on year / Average number of customers in the used condominium segment 3,989 companies, up 14.3% year on year |
| Number of employees | Number of Employees 77 people / As of As of February 2026 |
| Financial targets | Equity ratio: 78.9% (at the end of Q1 of the fiscal year ending February 2027) |
| Market Size / Share | Market size and share by value: not disclosed |
| New initiatives | Rent Valuation DX, released in March 2026 for real estate sales and brokerage companies, Plan to link Rent Valuation DX with the DX service operated by ITANDI, part of the GA technologies Group, Launch of a dedicated planning team for the digital marketing business |
Items this document does not state (12)
Gross Profit MarginOperating profit marginNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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.MRR increased following the transition to a new pricing structure for the SaaS service in April 2026. In the digital marketing business, listing advertising performed strongly, while increased demand for website production also contributed to higher revenue. Selling, general and administrative expenses ran ahead of plan because costs related to the relocation of headquarters exceeded the initial plan, among other factors.
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.