Worth reading
73In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
95
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSix months ended June 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,467 million+14.3%
Operating profit¥154 million+161.6%
Ordinary income¥243 million+61.0%
Net income¥203 million+59.5%
Gross Profit Margin76.4%
Selling, general and administrative expenses¥1,731 million
Results for the three months of the current quarter
Net Sales
¥1,135 million
Operating profit (loss)
¥38 million
Ordinary profit or loss
¥81 million
Net income (loss) for the current fiscal year
¥66 million
Payment transaction volume
5,792 Hundreds of millions of yen
Gross Profit Margin80.8%
Full-year earnings forecast
Net Sales
¥5,760 million
Operating profit (loss)
¥500 million
Ordinary profit or loss
¥707 million
Net income (loss) for the current fiscal year
¥493 million
GPV
25,474 Hundreds of millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and GPV were below plan, while each profit measure from operating profit onward exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in payment-related revenue236
Increase in DX-related and other revenue73
Cost of sales-105
Promotional expenses5
Personnel Expenses-41
Depreciation and amortization13
Other-157
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
GPV growth rateApproximately 20%
Sales growth rateApproximately 20%
Interest incomeExpected to increase due to higher GPV and interest rate hikes
Gross Profit MarginExpected to remain above 70%
New initiatives
- Introduction of a Shareholder Benefit Program
- Launch of the Stablecoin Pay service and a pilot demonstration at Lawson
- Award of the contract for the premium gift certificate program in Yokohama Motomachi and Yokohama Chinatown
- JPQR Global support for Indonesia
- Connecting StarPay to the shared QR code for Merpay and d payment
- Launch of new terminals in September
Key KPIsA metric the company considers important as a management benchmark.
- Gross payment volume (GPV)11,289 Hundreds of millions of yen+15.2%
- Standalone Q2 GPV5,792 Hundreds of millions of yen
- Accounts deployed700,000 Approx. accounts
- Additional payment brands (first-half results)4 Brand
Segment results
Payments-related
Net Sales
¥2,179 million
Year on year against the same period last year+12.2%
DX/Mini Apps
Net Sales
¥183 million
Year on year against the same period last year+32.0%
Other
Net Sales
¥104 million
Year on year against the same period last year+36.7%
Medium-term management plan targets
Target fiscal year2030
Market Size / Share
Cashless payment ratio in Japan (2025)46.3% (conventional calculation), 58.0% (domestic indicator under the new calculation)
Target cashless payment ratio in Japan65% (2030), 80% (long-term target)
Number of overseas QR code payment brandsMore than 40
Number of employees
Number of Employees221 People consolidated, as of the end of June 2026
Changes during the period and hiring planContinue growth investment, including recruitment costs for highly skilled development and sales personnel
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Six months ended June 2026 |
| Net Sales | ¥2,467 million (YoY +14.3%) |
| Operating profit | ¥154 million (YoY +161.6%) |
| Ordinary income | ¥243 million (YoY +61.0%) |
| Net income | ¥203 million (YoY +59.5%) |
| Gross Profit Margin | 76.4% |
| Selling, general and administrative expenses | ¥1,731 million |
| Results for the three months of the current quarter | Net Sales ¥1,135 million / Operating profit (loss) ¥38 million / Ordinary profit or loss ¥81 million / Net income (loss) for the current fiscal year ¥66 million / Payment transaction volume 5,792 Hundreds of millions of yen / Gross Profit Margin 80.8% |
| Full-year earnings forecast | Net Sales ¥5,760 million / Operating profit (loss) ¥500 million / Ordinary profit or loss ¥707 million / Net income (loss) for the current fiscal year ¥493 million / GPV 25,474 Hundreds of millions of yen |
| Self-assessment against the plan | Revenue and GPV were below plan, while each profit measure from operating profit onward exceeded plan |
| Segment results | Payments-related Net Sales ¥2,179 million / yoy_pct 12.2 / DX/Mini Apps Net Sales ¥183 million / yoy_pct 32 / Other Net Sales ¥104 million / yoy_pct 36.7 |
| Breakdown of Factors Affecting the Change | Increase in payment-related revenue 236 / Increase in DX-related and other revenue 73 / Cost of sales -105 / Promotional expenses 5 / Personnel Expenses -41 / Depreciation and amortization 13 / Other -157 |
| Key KPIs | Gross payment volume (GPV) 11,289 Hundreds of millions of yen (YoY +15.2%), Standalone Q2 GPV 5,792 Hundreds of millions of yen, Accounts deployed 700,000 Approx. accounts, Additional payment brands (first-half results) 4 Brand |
| Number of employees | Number of Employees 221 People (consolidated, as of the end of June 2026) / Changes during the period and hiring plan Continue growth investment, including recruitment costs for highly skilled development and sales personnel |
| Assumptions Underlying the Business Outlook | GPV growth rate Approximately 20% / Sales growth rate Approximately 20% / Interest income Expected to increase due to higher GPV and interest rate hikes / Gross Profit Margin Expected to remain above 70% |
| Medium-term management plan targets | Target fiscal year 2030 / Target value Not disclosed |
| Market Size / Share | Cashless payment ratio in Japan (2025) 46.3% (conventional calculation), 58.0% (domestic indicator under the new calculation) / Target cashless payment ratio in Japan 65% (2030), 80% (long-term target) / Number of overseas QR code payment brands More than 40 |
| New initiatives | Introduction of a Shareholder Benefit Program, Launch of the Stablecoin Pay service and a pilot demonstration at Lawson, Award of the contract for the premium gift certificate program in Yokohama Motomachi and Yokohama Chinatown, JPQR Global support for Indonesia, Connecting StarPay to the shared QR code for Merpay and d payment, Launch of new terminals in September |
Items this document does not state (12)
Operating profit marginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk 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 was affected by the shortfall in GPV against plan and lower terminal sales associated with the transition to new terminals. On the profit side, gains from acquiring new projects, higher GPV among existing merchants, and increased DX revenue, together with cost controls and improvements in cost of sales, server costs, personnel expenses and depreciation, contributed to the results.
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.