Worth reading
58In focus
Scored from 3 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
81
% (year-on-year change in revenue)Wording
Definitive
How definitive the wording is.Contents of this document
Summary of Q&AFirst quarter of the fiscal year ending November 20263 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
Gross Profit Margin75.9 %
Selling, general and administrative expenses¥958 million
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- First-quarter results summary: revenue of ¥1,291 million, EBITDA of ¥269 million, operating income of ¥119 million, and net income of ¥100 million.
- Revenue growth drivers: the consolidation of PolaRify as a subsidiary and strong performance by LIQUID eKYC. The cumulative number of contracted companies was 682.
- EBITDA growth drivers: although the gross profit margin declined, it remained at 75.9%. SG&A expenses increased due to consolidation-related costs and other factors, but the SG&A-to-sales ratio improved to 66.6%.
- Difference between EBITDA and operating income: calculated by adding depreciation and amortization, share-based compensation expense, and goodwill amortization.
- Difference between operating income and net income: mainly attributable to non-operating expenses, including interest expenses, and income taxes.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- SG&A expenses associated with the consolidation of PolaRify as a subsidiary¥176 million
- ポラリファイ M&A-related expenses¥27 million
- Year-on-year increase in SG&A expenses¥212 million
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of contracted companies across the group682 companies
- Quarter-on-quarter increase in cumulative number of contracted companies27 companies
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| 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 |
| Gross Profit Margin | 75.9 % |
| Selling, general and administrative expenses | ¥958 million |
| Breakdown of Factors Affecting the Change | Factors SG&A expenses associated with the consolidation of PolaRify as a subsidiary / Amount ¥176 million, Factors ポラリファイ M&A-related expenses / Amount ¥27 million, Factors Year-on-year increase in SG&A expenses / Amount ¥212 million |
| Key KPIs | Indicator name Cumulative number of contracted companies across the group / Value 682 companies / Year on year against the same period last year Not disclosed, Indicator name Quarter-on-quarter increase in cumulative number of contracted companies / Value 27 companies / Year on year against the same period last year Not disclosed |
| Key points of the Q&A | First-quarter results summary: revenue of ¥1,291 million, EBITDA of ¥269 million, operating income of ¥119 million, and net income of ¥100 million., Revenue growth drivers: the consolidation of PolaRify as a subsidiary and strong performance by LIQUID eKYC. The cumulative number of contracted companies was 682., EBITDA growth drivers: although the gross profit margin declined, it remained at 75.9%. SG&A expenses increased due to consolidation-related costs and other factors, but the SG&A-to-sales ratio improved to 66.6%., Difference between EBITDA and operating income: calculated by adding depreciation and amortization, share-based compensation expense, and goodwill amortization., Difference between operating income and net income: mainly attributable to non-operating expenses, including interest expenses, and income taxes. |
Items this document does not state (21)
Ordinary incomeOperating profit marginResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareNew initiatives
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 reasons for the increase in revenue were the consolidation of PolaRify as a subsidiary and strong performance by LIQUID eKYC. On the earnings side, SG&A expenses increased due to the consolidation of PolaRify and M&A-related expenses, while the SG&A-to-sales ratio improved as a result of steady progress in the post-merger integration of PolaRify.
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.