Komori
Results5597Blue innovation Co.,Ltd.Information and Communications, Services and Others

Summary of Financial Results for the Third Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Non-consolidated)

Revenue increased sharply by 32.2% year on year, while operating, ordinary and net losses all narrowed. However, net assets fell into a negative position due to the recognition of a quarterly net loss, and the equity ratio also turned negative.

Worth reading
55In 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
32.2
%
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 January 2026 to 30 September 2026Non-consolidated (individual)Japanese GAAP
Net Sales1,017Millions of yenYear on year +32.2%Progress 63.6%
Operating profit-275Millions of yen
Ordinary income-262Millions of yen
Net income attributable to owners of the parent-264Millions of yen

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥65.38 loss
Financial position at period-end
Total assets1,118Millions of yen
of which net assets -22 Millions of yenEquity ratio -2.3%vs. prior year-end -16.7pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales1,600 Millions of yen (YoY +52.2%)
Operating profit-380 Millions of yen
Ordinary income-380 Millions of yen
Net income-390 Millions of yen
Revision to Earnings ForecastNo revision
Annual Dividend Forecast0 Yen → 0 Yen
Factors Behind Changes in Business Performance

Revenue from inspection solutions grew substantially, while sales of equipment and development and deployment projects increased against a backdrop of growing demand for adoption in the public infrastructure sector. On the earnings side, the gross profit margin declined, while selling, general and administrative expenses decreased through reviews of research and development expenses and outsourcing costs, improved operating efficiency and cost controls.

Disclosure regarding the going concern assumption

There are material events and other matters that raise significant doubt about the going-concern assumption, but it has been determined that no material uncertainty exists. No matters requiring disclosure in the notes on going concern apply.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss None recorded for the current period
Depreciation and amortization3,196 Thousands of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNone (対象者:Not disclosed)
Issued Shares at Period-End4,086,331 shares
Treasury Shares at Period-End0 shares
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (individual)
Period Covered1 January 2026 to 30 September 2026
Net Sales1,017 Millions of yen (YoY +32.2%)
Operating profit-275 Millions of yen
Ordinary income-262 Millions of yen
Profit attributable to owners of the parent-264 Millions of yen
Net income per share¥65.38 loss
Equity ratioEnd of the current fiscal period -2.3 / End of previous period 14.4
Total assets1,118 Millions of yen
Net assets-22 Millions of yen
Full-year earnings forecastNet Sales 1,600 Millions of yen (YoY +52.2%) / Operating profit -380 Millions of yen / Ordinary income -380 Millions of yen / Net income -390 Millions of yen
Revision to Earnings ForecastNo revision
Annual Dividend Forecast0 Yen → 0 Yen
Depreciation and amortization3,196 Thousands of yen
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss None recorded for the current period
Disclosure regarding the going concern assumptionThere are material events and other matters that raise significant doubt about the going-concern assumption, but it has been determined that no material uncertainty exists. No matters requiring disclosure in the notes on going concern apply.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNone (対象者:Not disclosed)
Issued Shares at Period-End4,086,331 shares
Treasury Shares at Period-End0 shares
Factors Behind Changes in Business PerformanceRevenue from inspection solutions grew substantially, while sales of equipment and development and deployment projects increased against a backdrop of growing demand for adoption in the public infrastructure sector. On the earnings side, the gross profit margin declined, while selling, general and administrative expenses decreased through reviews of research and development expenses and outsourcing costs, improved operating efficiency and cost controls.
Items this document does not state (14)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidationMaterial subsequent events

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.

Growing demand for adoption in the public infrastructure sector, particularly sewerage, drove growth in sales of drones and other equipment for indoor inspections, as well as development and deployment projects for plant inspections and patrol inspections. On the earnings side, the gross profit margin declined due in part to a higher sales mix of low-margin products, mainly equipment sales. Selling, general and administrative expenses decreased as a result of reviews of research and development expenses and outsourcing costs, improved operating efficiency and company-wide cost controls.

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.
Summary of Financial Results for the Third Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Non-consolidated) | Blue innovation Co.,Ltd. (5597) timely disclosure | Komori