Worth reading
79Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
239
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending May 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,541 million+62.5%
Operating profit¥406 million+143.7%
Ordinary income¥412 million+108.1%
Net income¥274 million+102.1%
Gross Profit Margin35.9
Operating profit margin26.4
Selling, general and administrative expenses¥146 million
Results for the three months of the current quarter
Net Sales¥1,541 million
Operating profit¥406 million
Ordinary income¥412 million
Quarterly net income¥274 million
Full-year earnings forecast
Net Sales
¥8,840 million
Operating profit
¥1,268 million
Ordinary income
¥1,268 million
Net income for the current fiscal year
¥829 million
DX Services
¥8,096 million
Service&Support
¥743 million
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 Sales17.4
Operating profit32.1
Ordinary income32.5
Quarterly net income33.1
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profitIncreased from ¥166 million in the year-earlier period to ¥406 million
Revenue increase188
Gross Margin62
Personnel Expenses0
Rent10
Depreciation and amortization0
Advertising expenses-7
Outsourcing expenses-6
Rent-3
Other-4
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Large-Scale DealsRevenue recognition is expected from the third quarter onward
Quarterly revenue outlook
1Q1,541
2Q1,964
3Q3,441
4Q1,891
New initiatives
- Provision of large-scale computing resources through the proprietary GPU cloud "GX-CLOUD"
- Promoting hybrid use through partnerships with cloud vendors and data centers
- Collaborative solutions with AI startups
- New market entry and M&A in adjacent business domains
Key KPIsA metric the company considers important as a management benchmark.
- Repeat-purchase rate83.2 %Year on year against the same period last yearPrior year: 88.2%
- Four-consecutive-period transaction rate53.7 %Year on year against the same period last yearPrior year: 53.7%
- DX Services revenue mix90 %
- Service&Support revenue mix10 %
- Equity ratio60.1 %Year on year against the same period last yearDown 0.7 percentage points from fiscal year-end
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The company mentioned a gradual increase in average customer spend, but the figure is Not disclosedSegment results
Single segmentSystem Incubation Business. By service category: DX Services, ¥1,387 million, up 69.4% year on year; Service&Support, ¥154 million, up 19.0% year on year
Medium-term management plan targets
Net SalesAims to exceed ¥10 billion over the medium to long term
Revenue forecast for the fiscal year ending May 20278,840
Operating profit forecast for the fiscal year ending May 20271,268
Market Size / Share
Domestic AI market
202827,780 Hundreds of millions of yen
Generative AI market
202817,397 Hundreds of millions of yen
GPU Server Market
FY20282,600 Hundreds of millions of yen
GPU cloud market
FY20282,403 Hundreds of millions of yen
Orders received and order backlog
Order backlog
End of the fiscal year ended May 2026¥2,230 million
Year on year against the same period last year+71.9%
Annual Dividend
Annual dividend per share¥48
Interim¥16
End of period¥32
Payout ratio
30| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending May 2027 |
| Net Sales | ¥1,541 million (YoY +62.5%) |
| Operating profit | ¥406 million (YoY +143.7%) |
| Ordinary income | ¥412 million (YoY +108.1%) |
| Net income | ¥274 million (YoY +102.1%) |
| Gross Profit Margin | 35.9 |
| Operating profit margin | 26.4 |
| Selling, general and administrative expenses | ¥146 million |
| Results for the three months of the current quarter | Net Sales ¥1,541 million / Operating profit ¥406 million / Ordinary income ¥412 million / Quarterly net income ¥274 million |
| Full-year earnings forecast | Net Sales ¥8,840 million / Operating profit ¥1,268 million / Ordinary income ¥1,268 million / Net income for the current fiscal year ¥829 million / DX Services ¥8,096 million / Service&Support ¥743 million |
| Progress against full-year forecast | Net Sales 17.4 / Operating profit 32.1 / Ordinary income 32.5 / Quarterly net income 33.1 |
| Segment results | Single segment System Incubation Business. By service category: DX Services, ¥1,387 million, up 69.4% year on year; Service&Support, ¥154 million, up 19.0% year on year |
| Breakdown of Factors Affecting the Change | Change in operating profit Increased from ¥166 million in the year-earlier period to ¥406 million / Revenue increase 188 / Gross Margin 62 / Personnel Expenses 0 / Rent 10 / Depreciation and amortization 0 / Advertising expenses -7 / Outsourcing expenses -6 / Rent -3 / Other -4 |
| Key KPIs | Indicator name Repeat-purchase rate / Value 83.2 % / Year on year against the same period last year Prior year: 88.2%, Indicator name Four-consecutive-period transaction rate / Value 53.7 % / Year on year against the same period last year Prior year: 53.7%, Indicator name DX Services revenue mix / Value 90 % / Year on year against the same period last year Not disclosed, Indicator name Service&Support revenue mix / Value 10 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 60.1 % / Year on year against the same period last year Down 0.7 percentage points from fiscal year-end |
| Unit price and quantity metrics | The company mentioned a gradual increase in average customer spend, but the figure is Not disclosed |
| Assumptions Underlying the Business Outlook | Large-Scale Deals Revenue recognition is expected from the third quarter onward / Quarterly revenue outlook 1Q 1,541 / 2Q 1,964 / 3Q 3,441 / 4Q 1,891 / Volume, exchange rates, raw material prices, interest rates Not disclosed |
| Medium-term management plan targets | Net Sales Aims to exceed ¥10 billion over the medium to long term / Revenue forecast for the fiscal year ending May 2027 8,840 / Operating profit forecast for the fiscal year ending May 2027 1,268 |
| Annual Dividend | Annual dividend per share ¥48 / Interim ¥16 / End of period ¥32 |
| Payout ratio | 30 |
| Orders received and order backlog | Order backlog End of the fiscal year ended May 2026 ¥2,230 million / Year on year against the same period last year ¥71.9 million |
| Market Size / Share | Domestic AI market 2028 27,780 Hundreds of millions of yen / Generative AI market 2028 17,397 Hundreds of millions of yen / GPU Server Market FY2028 2,600 Hundreds of millions of yen / GPU cloud market FY2028 2,403 Hundreds of millions of yen |
| New initiatives | Provision of large-scale computing resources through the proprietary GPU cloud "GX-CLOUD", Promoting hybrid use through partnerships with cloud vendors and data centers, Collaborative solutions with AI startups, New market entry and M&A in adjacent business domains |
Items this document does not state (8)
Self-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresKey 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.The company was able to recognize in the first quarter projects that had been expected in the second quarter, sales of high-value-added solutions and short-lead-time models were strong, and the effect of higher revenue and a high gross profit margin offset increases in SG&A expenses, including personnel and outsourced service costs.
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.