Worth reading
61In focus
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
91
% (year-on-year change in Q3 revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,882 million +36.0%Q3 cumulative
Operating profit¥309 million +19.0%Q3 cumulative
Net income¥287 million +82.0%Q3 cumulative
Gross Profit Margin63.6 % Q3 cumulative
Operating profit margin13 % Q3 standalone
Selling, general and administrative expenses¥491 million increase Q3 cumulative, up 48% year on year
Results for the three months of the current quarter
Net Sales
¥1,298 million+91.0%
Operating profit
¥170 million+65.0%
Net income for the current fiscal year
¥96 million+44.0%
Recurring revenue
¥892 million+106.0%
Full-year earnings forecast
Net Sales
¥4,583 million
Operating profit
¥743 million
Ordinary income
¥725 million
Net income for the current fiscal year
¥890 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 Sales63
Operating profit42
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In line with the plan, which is weighted toward the second halfKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
The anticipated FAQ covers the drivers of revenue growth and profit margins, the effects of consolidating インターゾーン, the reasons for leaving the full-year forecast unchanged, why net profit growth was below operating profit growth, the AI Mobility OS's contribution to earnings, and the purpose of the share repurchaseBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in revenue¥770 million analysis of the year-on-year change in operating profit
Change in cost of sales¥-227 million analysis of the year-on-year change in operating profit
Change in personnel expenses¥-314 million analysis of the year-on-year change in operating profit
Change in other SG&A expenses¥-178 million analysis of the year-on-year change in operating profit
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Weighting toward the second half, full consolidation of インターゾーン, large-scale projects concentrated in the second half, the AI Mobility OS project, and seasonality, with Q4 typically being the peak demand period. Numerical assumptions are not disclosedNew initiatives
- Launch of external provision of AI Mobility OS
- Integration with core systems for enterprise customers and development of large-scale projects
- Cross-selling with インターゾーン and joint development of new services
- Predictive maintenance and vehicle cost optimization through the acquisition and integration of OBD data
- Development of customer segments for new devices
Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue (Q3 standalone)¥892 millionYear on year against the same period last year+106.0%
- Recurring revenue ratio (Q3 cumulative)69 %Year on year against the same period last year56% of the same period of the previous fiscal year
- Number of contracted companies2,592 companiesYear on year against the same period last year+25.0%
- インターゾーン customer baseMore than 7,000
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The company has indicated a policy of focusing on increasing average revenue per customer (ARPA), but the figure is not disclosedSegment results
FO business
Net Sales
¥799 million +42.0%Q3 standalone
AO business
Net Sales
¥499 million +323.0%Q3 standalone
Medium-term management plan targets
Revenue of ¥10 billion and operating profit of ¥2 billion in FY2028. The performance condition for share-based compensation in FY2026 is expected not to be metRisk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Not disclosed. The company notes the potential for fluctuations depending on the timing of orders and acceptance for large-scale projects and the AI Mobility OS projectMarket Size / Share
- 1,800 Hundreds of millions of yen
- 270 Hundreds of millions of yen
Number of stores and locations
インターゾーン customer base of more than 7,000 locations. The number of locations at fiscal year-end and the number of openings and closures during the period are not disclosedAcquisition of treasury shares
Maximum number of shares to be acquired¥1,580,000 million
Maximum total acquisition cost¥300 million
Acquisition period17 June 2026–16 July 2026
Acquired to date373,600 shares and ¥78 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥2,882 million (Q3 cumulative) (YoY +36.0%) |
| Operating profit | ¥309 million (Q3 cumulative) (YoY +19.0%) |
| Net income | ¥287 million (Q3 cumulative) (YoY +82.0%) |
| Gross Profit Margin | 63.6 % (Q3 cumulative) |
| Operating profit margin | 13 % (Q3 standalone) |
| Selling, general and administrative expenses | ¥491 million increase (Q3 cumulative, up 48% year on year) |
| Results for the three months of the current quarter | Net Sales ¥1,298 million (YoY +91.0%) / Operating profit ¥170 million (YoY +65.0%) / Net income for the current fiscal year ¥96 million (YoY +44.0%) / Recurring revenue ¥892 million (YoY +106.0%) |
| Full-year earnings forecast | Net Sales ¥4,583 million / Operating profit ¥743 million / Ordinary income ¥725 million / Net income for the current fiscal year ¥890 million |
| Progress against full-year forecast | Net Sales 63 / Operating profit 42 |
| Self-assessment against the plan | In line with the plan, which is weighted toward the second half |
| Segment results | FO business Net Sales ¥799 million (Q3 standalone) (YoY +42.0%) / AO business Net Sales ¥499 million (Q3 standalone) (YoY +323.0%) |
| Breakdown of Factors Affecting the Change | Change in revenue ¥770 million (analysis of the year-on-year change in operating profit) / Change in cost of sales ¥-227 million (analysis of the year-on-year change in operating profit) / Change in personnel expenses ¥-314 million (analysis of the year-on-year change in operating profit) / Change in other SG&A expenses ¥-178 million (analysis of the year-on-year change in operating profit) |
| Key KPIs | Indicator name Recurring revenue (Q3 standalone) / Value ¥892 million / Year on year against the same period last year ¥106 million, Indicator name Recurring revenue ratio (Q3 cumulative) / Value 69 % / Year on year against the same period last year 56% of the same period of the previous fiscal year, Indicator name Number of contracted companies / Value 2,592 companies / Year on year against the same period last year 25 companies, Indicator name インターゾーン customer base / Value More than 7,000 / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The company has indicated a policy of focusing on increasing average revenue per customer (ARPA), but the figure is not disclosed |
| Number of stores and locations | インターゾーン customer base of more than 7,000 locations. The number of locations at fiscal year-end and the number of openings and closures during the period are not disclosed |
| Assumptions Underlying the Business Outlook | Weighting toward the second half, full consolidation of インターゾーン, large-scale projects concentrated in the second half, the AI Mobility OS project, and seasonality, with Q4 typically being the peak demand period. Numerical assumptions are not disclosed |
| Risk amount incorporated into the outlook | Not disclosed. The company notes the potential for fluctuations depending on the timing of orders and acceptance for large-scale projects and the AI Mobility OS project |
| Medium-term management plan targets | Revenue of ¥10 billion and operating profit of ¥2 billion in FY2028. The performance condition for share-based compensation in FY2026 is expected not to be met |
| Acquisition of treasury shares | Maximum number of shares to be acquired ¥1,580,000 million / Maximum total acquisition cost ¥300 million / Acquisition period 17 June 2026–16 July 2026 / Acquired to date 373,600 shares and ¥78 million |
| Market Size / Share | Market Size 1,800 Hundreds of millions of yen, Market Size 270 Hundreds of millions of yen |
| Key points of the Q&A | The anticipated FAQ covers the drivers of revenue growth and profit margins, the effects of consolidating インターゾーン, the reasons for leaving the full-year forecast unchanged, why net profit growth was below operating profit growth, the AI Mobility OS's contribution to earnings, and the purpose of the share repurchase |
| New initiatives | Launch of external provision of AI Mobility OS, Integration with core systems for enterprise customers and development of large-scale projects, Cross-selling with インターゾーン and joint development of new services, Predictive maintenance and vehicle cost optimization through the acquisition and integration of OBD data, Development of customer segments for new devices |
Items this document does not state (7)
Ordinary incomeNumber of employeesFinancial targetsAnnual DividendPayout ratioCapital expendituresOrders received and order backlog
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.The main drivers of higher revenue and earnings were the full consolidation of インターゾーン, the accumulation of MRR, the acquisition of large-scale projects, and the emergence of benefits from upfront investments. The full-year forecast remains unchanged based on the assumption that the full consolidation of インターゾーン, large-scale projects, and the AI Mobility OS project will contribute in the second half.
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.