Worth reading
64In focus
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
26.8
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFirst quarter of the fiscal year ending June 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥675 million+26.8%
Operating profit¥33 million-41.9%
Ordinary income¥33 million-42.8%
Net income¥23 million-41.2%
Gross Profit Margin33.5 %
Operating profit margin5 %
Selling, general and administrative expenses¥192 million
Results for the three months of the current quarter
Net Sales
¥675 million
Operating profit
¥33 million
Ordinary income
¥33 million
Quarterly net income
¥23 million
Full-year earnings forecast
Net Sales
¥3,233 million
Operating profit
¥271 million
Ordinary income
¥271 million
Net income for the current fiscal year
¥180 million
Cross-technology revenue
¥1,610 million
MSP revenue
¥1,351 million
Product revenue
¥271 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 Sales20.9
Gross profit19.3
Selling, general and administrative expenses21.3
Operating profit12.4
Ordinary income12.4
Net income for the current fiscal year12.9
Cross-technology revenue18.9
MSP revenue23.7
Product revenue18.2
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is proceeding smoothly and ahead of plan / First-quarter progress is broadly in line with expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue increased across all services¥142 million
- Higher procurement costs accompanying the expansion of resale revenue¥-84 million
- Higher investment in personnel, labor costs and personnel expenses due to upfront investment¥-61 million
- Other expenses¥-20 million
New initiatives
- Promotion of an AI-Native development structure
- Prioritization of engineering resources for cybersecurity measures
- Provision of cloud-use support services for AI for Science
- Support for the design and development of ground systems for very small orbital transfer vehicles
- Launch of a PoC for a cloud-based satellite ground control system
- Investment in Tellus Global
- Provision of generative AI products through Anthropic's official reseller program
- Expansion into sake production by an affiliated company
Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue ratio54.8 %
- Number of engineers94 PeopleYear on year against the same period last year+11.9%
- Number of employees143 PeopleYear on year against the same period last year+19.2%
- Revenue per engineer¥4,276 thousandYear on year against the same period last year+3.9%
- Average revenue per customer¥9,062 thousandYear on year against the same period last year+14.4%
- Number of customers76 companiesYear on year against the same period last year+14 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average revenue per customer¥9,062 thousandYear on year against the same period last year+14.4%
- Number of customers76 companiesYear on year against the same period last year+14 companies
- Revenue per engineer¥4,276 thousandYear on year against the same period last year+3.9%
Segment results
- Cross TechnologyNet Sales305
- MSPNet Sales320
- Products (360, sigfy)Net Sales49
Medium-term management plan targets
Target fiscal yearFiscal year ending June 2028
Net Sales¥5 billion or more
Operating profit¥750 million or more
Comparison with actual resultsThe company explained that progress in the first quarter of the fiscal year ending June 2027 was proceeding smoothly toward achieving its medium-term vision.
Market Size / Share
- Japan's space industry¥4 trillion (2020) → ¥8 trillion (early 2030s, government target)
- University-launched startupsScale6,220 companies, +1,146 companies year on year
- Research and Development ExpensesScale¥4.3 trillion
Number of employees
Number of Employees143 People
Change during the period+23 people year on year
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | First quarter of the fiscal year ending June 2027 |
| Net Sales | ¥675 million (YoY +26.8%) |
| Operating profit | ¥33 million (YoY -41.9%) |
| Ordinary income | ¥33 million (YoY -42.8%) |
| Net income | ¥23 million (YoY -41.2%) |
| Gross Profit Margin | 33.5 % |
| Operating profit margin | 5 % |
| Selling, general and administrative expenses | ¥192 million |
| Results for the three months of the current quarter | Net Sales ¥675 million / Operating profit ¥33 million / Ordinary income ¥33 million / Quarterly net income ¥23 million |
| Full-year earnings forecast | Net Sales ¥3,233 million / Operating profit ¥271 million / Ordinary income ¥271 million / Net income for the current fiscal year ¥180 million / Cross-technology revenue ¥1,610 million / MSP revenue ¥1,351 million / Product revenue ¥271 million |
| Progress against full-year forecast | Net Sales 20.9 / Gross profit 19.3 / Selling, general and administrative expenses 21.3 / Operating profit 12.4 / Ordinary income 12.4 / Net income for the current fiscal year 12.9 / Cross-technology revenue 18.9 / MSP revenue 23.7 / Product revenue 18.2 |
| Self-assessment against the plan | Progress is proceeding smoothly and ahead of plan / First-quarter progress is broadly in line with expectations |
| Segment results | Name Cross Technology / Net Sales ¥305 million / yoy_pct ¥6.7 million / Profit Not disclosed, Name MSP / Net Sales ¥320 million / yoy_pct ¥49 million / Profit Not disclosed, Name Products (360, sigfy) / Net Sales ¥49 million / yoy_pct ¥58.3 million / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Revenue increased across all services / Amount ¥142 million, Factors Higher procurement costs accompanying the expansion of resale revenue / Amount ¥-84 million, Factors Higher investment in personnel, labor costs and personnel expenses due to upfront investment / Amount ¥-61 million, Factors Other expenses / Amount ¥-20 million |
| Key KPIs | Indicator name Recurring revenue ratio / Value 54.8 % / Year on year against the same period last year Not disclosed, Indicator name Number of engineers / Value 94 People / Year on year against the same period last year 11.9 People, Indicator name Number of employees / Value 143 People / Year on year against the same period last year 19.2 People, Indicator name Revenue per engineer / Value ¥4,276 thousand / Year on year against the same period last year ¥3.9 thousand, Indicator name Average revenue per customer / Value ¥9,062 thousand / Year on year against the same period last year ¥14.4 thousand, Indicator name Number of customers / Value 76 companies / Year on year against the same period last year +14 companies |
| Unit price and quantity metrics | Indicator name Average revenue per customer / Value ¥9,062 thousand / Year on year against the same period last year ¥14.4 thousand, Indicator name Number of customers / Value 76 companies / Year on year against the same period last year +14 companies, Indicator name Revenue per engineer / Value ¥4,276 thousand / Year on year against the same period last year ¥3.9 thousand |
| Number of employees | Number of Employees 143 People / Change during the period +23 people year on year / Hiring plan Not disclosed |
| Medium-term management plan targets | Target fiscal year Fiscal year ending June 2028 / Net Sales ¥5 billion or more / Operating profit ¥750 million or more / Comparison with actual results The company explained that progress in the first quarter of the fiscal year ending June 2027 was proceeding smoothly toward achieving its medium-term vision. |
| Market Size / Share | Market Japan's space industry / Market Size ¥4 trillion (2020) → ¥8 trillion (early 2030s, government target), Market University-launched startups / Scale 6,220 companies, +1,146 companies year on year, Market Research and Development Expenses / Scale ¥4.3 trillion |
| New initiatives | Promotion of an AI-Native development structure, Prioritization of engineering resources for cybersecurity measures, Provision of cloud-use support services for AI for Science, Support for the design and development of ground systems for very small orbital transfer vehicles, Launch of a PoC for a cloud-based satellite ground control system, Investment in Tellus Global, Provision of generative AI products through Anthropic's official reseller program, Expansion into sake production by an affiliated company |
Items this document does not state (10)
Number of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual 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 across all services, with the strengthening of the sales structure through the opening of the Tokyo branch and the hiring of specialized personnel contributing particularly to higher MSP revenue. Operating profit declined due to higher procurement costs accompanying the expansion of resale revenue, as well as higher labor and personnel expenses resulting from upfront investment, including the expansion of the workforce in the previous fiscal year, primarily at the Tokyo branch.
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.