Worth reading
56In focus
Scored from 3 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&ASecond quarter of the fiscal year ending November 20264 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,507 million+55.0%
Operating profit¥207 million
Net income¥196 million
Selling, general and administrative expenses¥988 million
Gross Profit Margin
Rate79.4%
Year-on-year change (points)Down
Results for the three months of the current quarter
Net Sales
¥1,507 million+55.0%
EBITDA
¥383 million
Year-on-year change+¥235 million
Operating profit
¥207 million
Year-on-year change+¥177 million
Net income or loss attributable to owners of the parent
¥196 million
Year-on-year change+¥595 million
Full-year earnings forecast
Net Sales¥5,600–5,700 million
EBITDA¥1,100–1,200 million
Operating profit¥300–400 million
Profit attributable to owners of the parent¥200–300 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
- Second-quarter performance overview: explanation of revenue, EBITDA, operating profit and net income, including year-on-year comparisons.
- Revenue growth drivers: explanation of the inclusion of ポラリファイ as a consolidated subsidiary and strong performance by LIQUID eKYC.
- EBITDA growth drivers: explanation of the gross profit margin, gross profit, SG&A expenses, M&A-related expenses, operating profit and EBITDA.
- Reasons for revising the full-year forecasts: upward revision based on strong performance in the personal authentication business and lower investment spending.
- Difference between EBITDA and operating profit: explanation of the difference attributable to depreciation and amortization, share-based compensation expense and amortization of goodwill.
- Difference between operating profit and net income: explanation that the difference reflects non-operating expenses, including interest expense, and income taxes.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- ポラリファイ brought into the scope of consolidation as a subsidiary
- Strong performance by LIQUID eKYC
- SG&A expenses associated with consolidating ポラリファイ¥170 million
- ポラリファイ M&A-related expenses¥27 million
New initiatives
- Lower investment spending following a review of the investment strategy
- Promoting post-merger integration (PMI) for ポラリファイ
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of contracted companies across the group711 companies
- Quarter-on-quarter increase in cumulative number of contracted companies29 companies
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Second quarter of the fiscal year ending November 2026 |
| Net Sales | ¥1,507 million (YoY +55.0%) |
| Operating profit | ¥207 million |
| Net income | ¥196 million |
| Gross Profit Margin | Rate 79.4% / Year-on-year change (points) Down |
| Selling, general and administrative expenses | ¥988 million |
| Results for the three months of the current quarter | Net Sales ¥1,507 million (YoY +55.0%) / EBITDA ¥383 million / Operating profit ¥207 million / Net income or loss attributable to owners of the parent ¥196 million |
| Full-year earnings forecast | Net Sales ¥5,600–5,700 million / EBITDA ¥1,100–1,200 million / Operating profit ¥300–400 million / Profit attributable to owners of the parent ¥200–300 million |
| Breakdown of Factors Affecting the Change | Factors ポラリファイ brought into the scope of consolidation as a subsidiary / Amount Not disclosed, Factors Strong performance by LIQUID eKYC / Amount Not disclosed, Factors SG&A expenses associated with consolidating ポラリファイ / Amount ¥170 million, Factors ポラリファイ M&A-related expenses / Amount ¥27 million |
| Key KPIs | Indicator name Cumulative number of contracted companies across the group / Value 711 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 29 companies / Year on year against the same period last year Not disclosed |
| Key points of the Q&A | Second-quarter performance overview: explanation of revenue, EBITDA, operating profit and net income, including year-on-year comparisons., Revenue growth drivers: explanation of the inclusion of ポラリファイ as a consolidated subsidiary and strong performance by LIQUID eKYC., EBITDA growth drivers: explanation of the gross profit margin, gross profit, SG&A expenses, M&A-related expenses, operating profit and EBITDA., Reasons for revising the full-year forecasts: upward revision based on strong performance in the personal authentication business and lower investment spending., Difference between EBITDA and operating profit: explanation of the difference attributable to depreciation and amortization, share-based compensation expense and amortization of goodwill., Difference between operating profit and net income: explanation that the difference reflects non-operating expenses, including interest expense, and income taxes. |
| New initiatives | Lower investment spending following a review of the investment strategy, Promoting post-merger integration (PMI) for ポラリファイ |
Items this document does not state (18)
Ordinary incomeOperating profit marginProgress 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 / Share
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 company stated that it had revised its full-year earnings forecasts upward in light of strong first-half performance in the personal authentication business and lower investment spending following a review of its investment strategy. It cited the inclusion of ポラリファイ as a consolidated subsidiary and strong performance by LIQUID eKYC as the factors behind second-quarter revenue growth.
How to read this page
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