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
38
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥591 million+10.0%
Operating profit¥88 million-30.3%
Ordinary income¥87 million-30.9%
Net income¥59 million-31.9%
Operating profit margin15 %
Results for the three months of the current quarterRevenue of ¥591 million, operating profit of ¥88 million, ordinary profit of ¥87 million, and net income of ¥59 million (standalone first-quarter results)
Full-year earnings forecast
Net Sales
¥2,740 million
Operating profit
¥620 million
Ordinary income
¥600 million
Net income for the current fiscal year
¥405 million
Dividend per share
¥17
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 Sales21.6%
Operating profit14.3%
Ordinary income14.6%
Net income for the current fiscal year14.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-quarter results were broadly in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in recurring revenue
- Decline from the high level of incident response support in the previous year
- Decrease in vulnerability assessments
- Increase in personnel expenses due to increased hiring, pay raises and other factors
- Increase in communications and other costs for the infrastructure platform
New initiatives
- Launch of KeepEye RansomSafe, an in-house ransomware protection monitoring service
- Launch of AI-powered automated response functionality for My SOC 365
- Strengthening the partner network to expand sales of Microsoft product monitoring services
- Use of generative AI in product development, SOC operations and other areas
Key KPIsA metric the company considers important as a management benchmark.
- ARR¥2,138 million
- Stock revenue ratio90.2 %
- Service retention rate99.1 %
- Churn rate0.9 %
- Number of companies participating in SOC tours100 companies or more
- Average satisfaction score for SOC tours4.6 items
- Number of Microsoft license sales and SI partners7 companiesYear on year against the same period last yearIncrease from 2 companies as of the end of March 2026
Segment results
SOC services
Net Sales
¥465 million
SOC monitoring services
Net Sales
¥185 million
EDR monitoring services
Net Sales
¥55 million
In-house product monitoring
Net Sales
¥148 million
Microsoft monitoring
Net Sales
¥56 million
Other SOC services
Net Sales
¥18 million
Consulting Services
Net Sales
¥125 million
Medium-term management plan targets
Target fiscal yearFY2028
Net Sales
¥4,000 million
Operating profit
¥1,120 million
Operating profit margin
28 %
Ordinary income
¥1,120 million
Net income for the current fiscal year
¥740 million
Market Size / Share
2024 global endpoint security market: US$14,510.4 million
Microsoft share28.6%
Microsoft revenueUS$4,151.0 million
Market Growth Rate17.6%
Number of employees
82 people
Change during the periodIncrease of 3 from the end of the previous fiscal year
Hiring planFull-year plan: 87 hires
Annual Dividend
¥17 per share
Interim¥0.00
End of period¥17.00
Payout ratio
20 % or higher as a guideline
Acquisition of treasury shares
- PeriodFebruary–May 2025Actual number of shares acquired110,200 sharesActual acquisition amount¥119 millionMaximum number of shares to be acquired120,000 sharesMaximum purchase price¥120 million
- PeriodDecember 2025–March 2026Actual number of shares acquired160,000 sharesActual acquisition amount¥299 millionMaximum number of shares to be acquired160,000 sharesMaximum purchase price¥300 million
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥591 million (YoY +10.0%) |
| Operating profit | ¥88 million (YoY -30.3%) |
| Ordinary income | ¥87 million (YoY -30.9%) |
| Net income | ¥59 million (YoY -31.9%) |
| Operating profit margin | 15 % |
| Results for the three months of the current quarter | Revenue of ¥591 million, operating profit of ¥88 million, ordinary profit of ¥87 million, and net income of ¥59 million (standalone first-quarter results) |
| Full-year earnings forecast | Net Sales ¥2,740 million / Operating profit ¥620 million / Ordinary income ¥600 million / Net income for the current fiscal year ¥405 million / Dividend per share ¥17 |
| Progress against full-year forecast | Net Sales 21.6% / Operating profit 14.3% / Ordinary income 14.6% / Net income for the current fiscal year 14.7% |
| Self-assessment against the plan | First-quarter results were broadly in line with plan |
| Segment results | SOC services Net Sales ¥465 million / SOC monitoring services Net Sales ¥185 million / EDR monitoring services Net Sales ¥55 million / In-house product monitoring Net Sales ¥148 million / Microsoft monitoring Net Sales ¥56 million / Other SOC services Net Sales ¥18 million / Consulting Services Net Sales ¥125 million |
| Breakdown of Factors Affecting the Change | Increase in recurring revenue, Decline from the high level of incident response support in the previous year, Decrease in vulnerability assessments, Increase in personnel expenses due to increased hiring, pay raises and other factors, Increase in communications and other costs for the infrastructure platform |
| Key KPIs | ARR ¥2,138 million, Stock revenue ratio 90.2 %, Service retention rate 99.1 %, Churn rate 0.9 %, Number of companies participating in SOC tours 100 companies or more, Average satisfaction score for SOC tours 4.6 items, Number of Microsoft license sales and SI partners 7 companies |
| Number of employees | 82 people |
| Medium-term management plan targets | Target fiscal year FY2028 / Net Sales ¥4,000 million / Operating profit ¥1,120 million / Operating profit margin 28 % / Ordinary income ¥1,120 million / Net income for the current fiscal year ¥740 million |
| Annual Dividend | ¥17 per share |
| Payout ratio | 20 % or higher as a guideline |
| Acquisition of treasury shares | Period February–May 2025 / Actual number of shares acquired 110,200 shares / Actual acquisition amount ¥119 million / Maximum number of shares to be acquired 120,000 shares / Maximum purchase price ¥120 million, Period December 2025–March 2026 / Actual number of shares acquired 160,000 shares / Actual acquisition amount ¥299 million / Maximum number of shares to be acquired 160,000 shares / Maximum purchase price ¥300 million |
| Market Size / Share | Market Size 2024 global endpoint security market: US$14,510.4 million / Microsoft share 28.6% / Microsoft revenue US$4,151.0 million / Market Growth Rate 17.6% |
| New initiatives | Launch of KeepEye RansomSafe, an in-house ransomware protection monitoring service, Launch of AI-powered automated response functionality for My SOC 365, Strengthening the partner network to expand sales of Microsoft product monitoring services, Use of generative AI in product development, SOC operations and other areas |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital 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 as recurring revenue from services such as monitoring grew, despite weak spot revenue due to a decline from the high level of incident response support in the previous year and a decrease in vulnerability assessments. Operating profit declined due to higher personnel expenses resulting from increased hiring and pay raises in the previous fiscal year, as well as higher communications and other costs for the infrastructure platform associated with developing new services.
How to read this page
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