Worth reading
38Recurring
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
22.6
% (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 December 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥420 million+22.6%
Operating profit¥-72 million operating loss
Ordinary income¥-67 million ordinary loss
Net income¥-68 million net loss
Gross Profit Margin37.5%
Selling, general and administrative expenses¥230 million
Results for the three months of the current quarterRevenue: ¥420 million; gross profit: ¥157 million; SG&A expenses: ¥230 million; operating loss: ¥72 million; ordinary loss: ¥67 million; net loss: ¥68 million
Full-year earnings forecast
Net Sales
¥1,600 million
Gross profit
¥600 million
Operating loss
¥-380 million
Ordinary loss
¥-380 million
Net loss
¥-390 million
What the company explained in this material
New initiatives
- Creating and expanding orders through capital and business alliances, while strengthening the financial base
- Expanding operations, maintenance and data contracts through packaging and conversion to recurring revenue
- Entering into a disaster-response agreement with Bunkyo Ward and JUIDA
- Nationwide rollout of disaster-information transmission drones reflected in the Fire and Disaster Management Agency's guidelines
- Nationwide rollout of sewer inspection solutions
Key KPIsA metric the company considers important as a management benchmark.
- Subscription revenue ratio19.8 %Year on year against the same period last yearDown from 27.0% in the same quarter of the previous year
- Cumulative number of corporate customers773 companiesYear on year against the same period last yearUp from 682 companies in the same quarter of the previous year
- Medium- to long-term target for the package revenue ratio50 %
- Medium- to long-term target for the repeat (recurring) revenue ratio40 %
Segment results
Inspection Solutions
Net Sales¥296 million
Year on year against the same period last year7x year on year (airframe sales)
Port Solutions
Net Sales¥53 million
Year on year against the same period last yearRevenue declined due to the reversal of the contribution from a large project recorded in the same quarter of the previous year
Education Solutions
Net Sales¥58 million
Medium-term management plan targets
Package revenue ratio50%
Repeat (recurring) revenue ratio40%
Market Size / Share
The inspection market is expected to expand by ¥148.6 billion from 2022 to 2028
Growth rate246% growth
Overall drone market CAGR18.6%
Inspection market CAGR23.0%
Number of employees
Number of Employees68 people
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥420 million (YoY +22.6%) |
| Operating profit | ¥-72 million (operating loss) |
| Ordinary income | ¥-67 million (ordinary loss) |
| Net income | ¥-68 million (net loss) |
| Gross Profit Margin | 37.5% |
| Selling, general and administrative expenses | ¥230 million |
| Results for the three months of the current quarter | Revenue: ¥420 million; gross profit: ¥157 million; SG&A expenses: ¥230 million; operating loss: ¥72 million; ordinary loss: ¥67 million; net loss: ¥68 million |
| Full-year earnings forecast | Net Sales ¥1,600 million / Gross profit ¥600 million / Operating loss ¥-380 million / Ordinary loss ¥-380 million / Net loss ¥-390 million |
| Segment results | Inspection Solutions Net Sales ¥296 million / Year on year against the same period last year 7x year on year (airframe sales) / Port Solutions Net Sales ¥53 million / Year on year against the same period last year Revenue declined due to the reversal of the contribution from a large project recorded in the same quarter of the previous year / Education Solutions Net Sales ¥58 million / Year on year against the same period last year Not disclosed / Next Solutions Not disclosed |
| Key KPIs | Indicator name Subscription revenue ratio / Value 19.8 % / Year on year against the same period last year Down from 27.0% in the same quarter of the previous year, Indicator name Cumulative number of corporate customers / Value 773 companies / Year on year against the same period last year Up from 682 companies in the same quarter of the previous year, Indicator name Medium- to long-term target for the package revenue ratio / Value 50 % / Year on year against the same period last year Not disclosed, Indicator name Medium- to long-term target for the repeat (recurring) revenue ratio / Value 40 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 68 people / Change during the period Not disclosed / Hiring plan Not disclosed |
| Medium-term management plan targets | Package revenue ratio 50% / Repeat (recurring) revenue ratio 40% / Target fiscal year Not disclosed |
| Market Size / Share | Market Size The inspection market is expected to expand by ¥148.6 billion from 2022 to 2028 / Growth rate 246% growth / Overall drone market CAGR 18.6% / Inspection market CAGR 23.0% |
| New initiatives | Creating and expanding orders through capital and business alliances, while strengthening the financial base, Expanding operations, maintenance and data contracts through packaging and conversion to recurring revenue, Entering into a disaster-response agreement with Bunkyo Ward and JUIDA, Nationwide rollout of disaster-information transmission drones reflected in the Fire and Disaster Management Agency's guidelines, Nationwide rollout of sewer inspection solutions |
Items this document does not state (15)
Operating profit marginProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber 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 due to higher airframe sales accompanying the expansion of public infrastructure inspection projects, including sewer inspections. The gross profit margin declined as airframe sales accounted for a larger share of revenue, but gross profit was maintained at approximately the previous year's level due to revenue growth. The Company recorded a loss as it continued investing in research and development and recruitment to transform its earnings structure.
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.