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Presentation materials for financial results5038eWeLL Co.,Ltd.Information and Communications, Services and Others

Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026

In the first half of FY2026, revenue increased 24.2% year on year and operating profit increased 20.1%, driven by the expansion of AI services and BPaaS. Operating profit exceeded the company’s plan by ¥35 million, while revenue was 2.0% below plan.

Worth reading
78Important
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
158
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,991 million+24.2%
Operating profit¥946 million+20.1%
Operating profit margin47.5%, down 1.6 percentage points year on year
Results for the three months of the current quarterCloud revenue was ¥886 million and BPaaS revenue was ¥147 million. AI services revenue within cloud revenue was ¥44 million. Consolidated quarterly revenue and operating profit for the three-month period were Not disclosed.
Full-year earnings forecast
Net Sales
¥4,277 million
Operating profit
¥1,927 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 Sales46.6%
Operating profit49.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit exceeded the earnings forecast by ¥35 million, progressing well. Revenue was down 2.0% versus the earnings forecast.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in cloud services gross profit+¥197 million
  • Increase in gross profit from BPaaS and other businesses+¥47 million
  • Personnel expenses-¥48 million
  • Advertising expenses-JPY 7 million
  • Research and development costs-¥4 million
  • Other-¥27 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Unit price for AI planned-visit routesApproximately ¥15,000
  • Billing launch for AI planned-visit routesJuly 2026
New initiatives
  • Beginning disclosure of cloud services NRR as a key KPI
  • AI home-visit nursing scoring (provisional name) and AI Insights functions scheduled for rollout and billing launch during 2026
  • Improvement of AI planned-visit route functionality and promotion of upselling
  • Publishing customer case studies through customer interview videos
Key KPIsA metric the company considers important as a management benchmark.
  • Cloud services NRR108 %
  • Number of contracted stations3,736 stations
    Year on year against the same period last year+13.7%
  • Revenue churn rate0.2 %
    Year on year against the same period last yearImproved
  • Share (penetration rate)18.6 %
  • Number of healthcare professionals using iBow AI23,670 People
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average monthly revenue per customer
¥90.9 thousand
Year-on-year (%)5.2
Number of contracted stations
3,736 stations
Year-on-year (%)13.7
Cumulative AI planned-visit route contracts
273 Engagements
AI planned-visit routes with billing launched
246 Engagements
Segment results
Cloud
Net Sales
¥1,706 million
Year-on-year (%)23.1
BPaaS
Net Sales
¥277 million
Year-on-year (%)37.2
Other
Net Sales
¥6 million
Year-on-year (%)-53.3
Financial targets
An actual equity ratio of 81.4% was disclosed. Targets for ROE, ROIC, D/E ratio and other metrics were Not disclosed.
Market Size / Share
20,051 home-visit nursing stations nationwide as of April 2026
Share18.6%
Number of employees
Number of Employees118 people
Change during the periodIn 2Q FY2026, 9 employees joined and 9 left the company. The workforce increased by 8 people year on year, including sales and corporate functions. Further hiring is planned in 3Q, mainly in the sales division and BPaaS.
Acquisition of treasury shares
Approximately ¥300 million
PeriodConducted in the first half of FY2026
Gross profit
Gross profit of ¥1,516 million and a gross margin of 76.1%. The gross margin decreased 3.1 percentage points from 79.2% in the same period of the previous year (based on cost of sales as stated in the reference materials).
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥1,991 million (YoY +24.2%)
Operating profit¥946 million (YoY +20.1%)
Gross profitGross profit of ¥1,516 million and a gross margin of 76.1%. The gross margin decreased 3.1 percentage points from 79.2% in the same period of the previous year (based on cost of sales as stated in the reference materials).
Operating profit margin47.5%, down 1.6 percentage points year on year
Results for the three months of the current quarterCloud revenue was ¥886 million and BPaaS revenue was ¥147 million. AI services revenue within cloud revenue was ¥44 million. Consolidated quarterly revenue and operating profit for the three-month period were Not disclosed.
Full-year earnings forecastNet Sales ¥4,277 million / Operating profit ¥1,927 million
Progress against full-year forecastNet Sales 46.6% / Operating profit 49.1%
Self-assessment against the planOperating profit exceeded the earnings forecast by ¥35 million, progressing well. Revenue was down 2.0% versus the earnings forecast.
Segment resultsCloud Net Sales ¥1,706 million / Year-on-year (%) 23.1 / BPaaS Net Sales ¥277 million / Year-on-year (%) 37.2 / Other Net Sales ¥6 million / Year-on-year (%) -53.3
Breakdown of Factors Affecting the ChangeFactors Increase in cloud services gross profit / Amount +¥197 million, Factors Increase in gross profit from BPaaS and other businesses / Amount +¥47 million, Factors Personnel expenses / Amount -¥48 million, Factors Advertising expenses / Amount -JPY 7 million, Factors Research and development costs / Amount -¥4 million, Factors Other / Amount -¥27 million
Key KPIsIndicator name Cloud services NRR / Value 108 % / Year on year against the same period last year Not disclosed, Indicator name Number of contracted stations / Value 3,736 stations / Year on year against the same period last year 13.7 stations, Indicator name Revenue churn rate / Value 0.2 % / Year on year against the same period last year Improved, Indicator name Share (penetration rate) / Value 18.6 % / Year on year against the same period last year Not disclosed, Indicator name Number of healthcare professionals using iBow AI / Value 23,670 People / Year on year against the same period last year Not disclosed
Unit price and quantity metricsAverage monthly revenue per customer Value ¥90.9 thousand / Year-on-year (%) ¥5.2 thousand / Number of contracted stations Value 3,736 stations / Year-on-year (%) 13.7 stations / Cumulative AI planned-visit route contracts Value 273 Engagements / Year on year against the same period last year Not disclosed / AI planned-visit routes with billing launched Value 246 Engagements / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 118 people / Change during the period In 2Q FY2026, 9 employees joined and 9 left the company. The workforce increased by 8 people year on year, including sales and corporate functions. Further hiring is planned in 3Q, mainly in the sales division and BPaaS.
Assumptions Underlying the Business OutlookItem Unit price for AI planned-visit routes / Value Approximately ¥15,000, Item Billing launch for AI planned-visit routes / Value July 2026
Financial targetsAn actual equity ratio of 81.4% was disclosed. Targets for ROE, ROIC, D/E ratio and other metrics were Not disclosed.
Acquisition of treasury sharesAmount Approximately ¥300 million / Number of Shares Not disclosed / Period Conducted in the first half of FY2026
Market Size / ShareMarket Size 20,051 home-visit nursing stations nationwide as of April 2026 / Share 18.6%
New initiativesBeginning disclosure of cloud services NRR as a key KPI, AI home-visit nursing scoring (provisional name) and AI Insights functions scheduled for rollout and billing launch during 2026, Improvement of AI planned-visit route functionality and promotion of upselling, Publishing customer case studies through customer interview videos
Items this document does not state (11)
Ordinary incomeNet incomeSelling, general and administrative expensesNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioCapital 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.

Revenue benefited from upselling AI home-visit nursing care plans and reports, cross-selling BPaaS, and increases in new deployments and billing launches. Operating profit benefited from higher gross profit in cloud services and BPaaS, as well as operations focused on cost-effectiveness, particularly in selling, general and administrative expenses.

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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026 | eWeLL Co.,Ltd. (5038) timely disclosure | Komori