Worth reading
44Recurring
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
81
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending November 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,291 million+81.0%
Operating profit¥119 million
Net income¥100 million net income attributable to owners of the parent
Gross Profit Margin75.9 %
Selling, general and administrative expenses¥860 million
Results for the three months of the current quarter
Net Sales¥1,291 million
Gross profit¥980 million
EBITDA¥269 million
Operating profit¥119 million
Net income or loss attributable to owners of the parent¥100 million
Full-year earnings forecast
Company-wide revenue
5,100～5,300
Personal authentication revenue
5,075～5,275
EBITDA
800～1,000
Operating profit
0～200
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in salesConsolidation of ポラリファイ and higher revenue from LIQUID eKYC
Increase in SG&A expenses
ポラリファイ SG&A expenses¥176 million
ポラリファイ M&A-related expenses¥27 million
Operating profit
Year-on-year increase¥132 million
New initiatives
- Provision of a passkey (FIDO2) solution to GMO Aozora Net Bank
- Proof-of-concept testing of AiQ Permission at multiple stores, with a service launch planned for the second half of the fiscal year ending November 2026 or later
- Deployment of ELEMENTS CLOUD at the company’s own data centers and advancement of initiatives with the National Institute of Advanced Industrial Science and Technology (AIST) and NEDO
- Additional cost reductions through a change in ポラリファイ’s facial recognition engine
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of contracted companies (group total)682 companiesYear on year against the same period last year+27 companies quarter on quarter
- Number of authentications (LIQUID and ポラリファイ combined)1.5 Hundred million authentications
- Share of the banking industry66 %
- Share based on the number of contracts with telecommunications carriers96 %
Medium-term management plan targets
Revenue growth+30%
Target fiscal yearMedium-term policy (fiscal year not specified)
Financial targets for the fiscal year ending November 2026
Company-wide revenue¥5,100–5,300 million
Personal authentication revenue¥5,075–5,275 million
EBITDA¥800–1,000 million
Operating profit¥0–200 million
Financial targets
ROE, ROIC and the D/E ratio, among others, are not disclosed. Targets for operating profit, EBITDA and other metrics are provided.Market Size / Share
Share of the banking industry66
Share based on the number of contracts with telecommunications carriers96
Domestic eKYC market shareNo. 1 for 6 consecutive years
Number of employees
Number of Employees103 People
Reference dateEnd of November 2025
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending November 2026 |
| Net Sales | ¥1,291 million (YoY +81.0%) |
| Operating profit | ¥119 million |
| Net income | ¥100 million (net income attributable to owners of the parent) |
| Gross Profit Margin | 75.9 % |
| Selling, general and administrative expenses | ¥860 million |
| Results for the three months of the current quarter | Net Sales ¥1,291 million / Gross profit ¥980 million / EBITDA ¥269 million / Operating profit ¥119 million / Net income or loss attributable to owners of the parent ¥100 million |
| Full-year earnings forecast | Company-wide revenue 5,100～5,300 / Personal authentication revenue 5,075～5,275 / EBITDA 800～1,000 / Operating profit 0～200 |
| Breakdown of Factors Affecting the Change | Increase in sales Consolidation of ポラリファイ and higher revenue from LIQUID eKYC / Increase in SG&A expenses ポラリファイ SG&A expenses ¥176 million / ポラリファイ M&A-related expenses ¥27 million / Operating profit Year-on-year increase ¥132 million |
| Key KPIs | Indicator name Cumulative number of contracted companies (group total) / Value 682 companies / Year on year against the same period last year +27 companies quarter on quarter, Indicator name Number of authentications (LIQUID and ポラリファイ combined) / Value 1.5 Hundred million authentications / Year on year against the same period last year Not disclosed, Indicator name Share of the banking industry / Value 66 % / Year on year against the same period last year Not disclosed, Indicator name Share based on the number of contracts with telecommunications carriers / Value 96 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 103 People / Reference date End of November 2025 / Changes during the period and hiring plan Not disclosed |
| Medium-term management plan targets | Revenue growth +30% / Target fiscal year Medium-term policy (fiscal year not specified) / Financial targets for the fiscal year ending November 2026 Company-wide revenue ¥5,100–5,300 million / Personal authentication revenue ¥5,075–5,275 million / EBITDA ¥800–1,000 million / Operating profit ¥0–200 million |
| Financial targets | ROE, ROIC and the D/E ratio, among others, are not disclosed. Targets for operating profit, EBITDA and other metrics are provided. |
| Market Size / Share | Share of the banking industry 66 / Share based on the number of contracts with telecommunications carriers 96 / Domestic eKYC market share No. 1 for 6 consecutive years |
| New initiatives | Provision of a passkey (FIDO2) solution to GMO Aozora Net Bank, Proof-of-concept testing of AiQ Permission at multiple stores, with a service launch planned for the second half of the fiscal year ending November 2026 or later, Deployment of ELEMENTS CLOUD at the company’s own data centers and advancement of initiatives with the National Institute of Advanced Industrial Science and Technology (AIST) and NEDO, Additional cost reductions through a change in ポラリファイ’s facial recognition engine |
Items this document does not state (15)
Ordinary incomeOperating profit marginProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual 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.Revenue increased due to the consolidation of ポラリファイ and higher revenue from LIQUID eKYC. Operating profit benefited from steady progress in the ポラリファイ PMI and strong performance by LIQUID eKYC.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.