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Financial results presentation5597Blue innovation Co.,Ltd.Information and Communications, Services and Others

Financial Results Presentation for the Third Quarter of the Fiscal Year Ending December 2026

For the nine months ended 30 September 2026, the company captured demand for public infrastructure inspections, generating revenue growth and narrowing its operating loss. However, the gross margin declined as aircraft sales accounted for a larger share of revenue, and the full-year forecast was left unchanged based on fourth-quarter deliveries and acceptance inspections, among other factors.

Worth reading
63In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
32.2
Year-on-year change (%) (revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationQ3 of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,017 Millions of yen+32.2%
Operating profit¥-275 millions operating loss
Ordinary income¥-262 million ordinary loss
Net income-264 Millions of yen quarterly net loss
Gross Profit Margin36.9
Selling, general and administrative expenses651 Millions of yen
Full-year earnings forecast
Net Sales
1,600 Millions of yen
Gross profit
600 Millions of yen
Operating loss
-380 Millions of yen
Ordinary loss
-380 Millions of yen
Net loss for the period
-390 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in gross profit76 Millions of yen
  • Decrease in SG&A expenses75 Millions of yen
  • Improvement in operating loss151 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Fourth-quarter aircraft deliveries
  • Acceptance of fourth-quarter projects
  • Orders for projects currently under negotiation
New initiatives
  • Enhancement of BEP functionality and development of AI for social infrastructure through a business alliance with Elith
  • Implementation of urban drone applications through a comprehensive partnership agreement with Itabashi Ward
  • Packaging of sewer system and plant inspection services as standard offerings and expansion of the recurring revenue model
Key KPIsA metric the company considers important as a management benchmark.
  • Recurring revenue217 Millions of yen
    Year on year against the same period last year+22.3%
  • Stock-based revenue mix21.4 ％
    Year on year against the same period last yearDown 1.7 percentage points from 23.1% in the same period of the previous year
  • Cumulative number of corporate customers800 companies
  • Inspection solutions revenue mix72 ％
Segment results
  • Inspection Solutions
    Net Sales732 Millions of yen
    Year-on-year (%)78.4
  • Port Solutions
    Net Sales135 Millions of yen
    Year-on-year (%)-29.1
  • Education Solutions
    Net Sales120 Millions of yen
    Year-on-year (%)-21.8
  • Next Solutions
Medium-term management plan targets
TargetReturn to operating profitability in the fiscal year ending December 2027
Target fiscal yearFY2027.12
Market Size / Share
  • Domestic drone market¥9,544 100 million
    Fiscal yearFY2030
  • Drone inspection market¥1,614 100 million
    Fiscal yearFY2030
Number of employees
Number of Employees68 people
Reference dateEnd of December 2025
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredQ3 of the fiscal year ending December 2026
Net Sales1,017 Millions of yen (YoY +32.2%)
Operating profit¥-275 millions (operating loss)
Ordinary income¥-262 million (ordinary loss)
Net income-264 Millions of yen (quarterly net loss)
Gross Profit Margin36.9
Selling, general and administrative expenses651 Millions of yen
Full-year earnings forecastNet Sales 1,600 Millions of yen / Gross profit 600 Millions of yen / Operating loss -380 Millions of yen / Ordinary loss -380 Millions of yen / Net loss for the period -390 Millions of yen
Segment resultsSegment Inspection Solutions / Net Sales 732 Millions of yen / Year-on-year (%) 78.4 / Profit Not disclosed, Segment Port Solutions / Net Sales 135 Millions of yen / Year-on-year (%) -29.1 / Profit Not disclosed, Segment Education Solutions / Net Sales 120 Millions of yen / Year-on-year (%) -21.8 / Profit Not disclosed, Segment Next Solutions / Net Sales Not disclosed / Profit Not disclosed
Breakdown of Factors Affecting the ChangeFactors Increase in gross profit / Amount 76 Millions of yen, Factors Decrease in SG&A expenses / Amount 75 Millions of yen, Factors Improvement in operating loss / Amount 151 Millions of yen
Key KPIsIndicator name Recurring revenue / Value 217 Millions of yen / Year on year against the same period last year 22.3 Millions of yen, Indicator name Stock-based revenue mix / Value 21.4 ％ / Year on year against the same period last year Down 1.7 percentage points from 23.1% in the same period of the previous year, Indicator name Cumulative number of corporate customers / Value 800 companies / Year on year against the same period last year Not disclosed, Indicator name Inspection solutions revenue mix / Value 72 ％ / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 68 people / Reference date End of December 2025 / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookFourth-quarter aircraft deliveries, Acceptance of fourth-quarter projects, Orders for projects currently under negotiation
Medium-term management plan targetsTarget Return to operating profitability in the fiscal year ending December 2027 / Target fiscal year FY2027.12 / Comparison with actual results Not disclosed
Market Size / ShareMarket Domestic drone market / Value ¥9,544 100 million / Fiscal year FY2030, Market Drone inspection market / Value ¥1,614 100 million / Fiscal year FY2030
New initiativesEnhancement of BEP functionality and development of AI for social infrastructure through a business alliance with Elith, Implementation of urban drone applications through a comprehensive partnership agreement with Itabashi Ward, Packaging of sewer system and plant inspection services as standard offerings and expansion of the recurring revenue model
Items this document does not state (14)
Operating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit 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.

Aircraft sales and inspection-related projects grew as demand for inspections of public infrastructure, including sewer systems, expanded. Gross profit increased by ¥76 million, while selling, general and administrative expenses decreased by ¥75 million following a review of research and development expenses and outsourcing costs, as well as company-wide cost controls, resulting in an improvement in the operating loss. However, the gross profit margin declined as aircraft sales, which have a low profit margin, accounted for a larger share of revenue.

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.
Financial Results Presentation for the Third Quarter of the Fiscal Year Ending December 2026 | Blue innovation Co.,Ltd. (5597) timely disclosure | Komori