Komori
Earnings presentation6027Bengo4.com,Inc.Information and Communications, Services and Others

Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending March 2027

In the first half of the fiscal year ending March 2027, revenue, EBITDA, operating income, ordinary income and net income all exceeded the year-earlier period, and results were also above the company's plan. Progress against the full-year plan was strong, driven by growth in the LegalBrain Agent and CloudSign businesses, as well as the contribution from the newly consolidated Bengo4.com Legal Finance business.

Worth reading
67In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
27.4
Year-on-year change in net sales (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,888 million+27.4%
Operating profit¥1,414 million+30.5%
Ordinary income¥1,416 million+30.5%
Net income¥892 million+36.1%
Selling, general and administrative expenses¥3,264 million
Operating profit margin
Rate14.2% (current quarter)
Year-on-year change (points)-0.3pt
Results for the three months of the current quarter
Net Sales
¥5,050 million
Cost of sales
¥1,069 million
Gross profit
¥3,981 million
Selling, general and administrative expenses
¥3,264 million
EBITDA
¥1,037 million
Operating profit
¥716 million
Ordinary income
¥719 million
Net income
¥453 million
Full-year earnings forecast
Net Sales
¥205 100 million
Operating profit
¥30 100 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 Sales48.2%
Operating profit47.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All key figures finished above plan / continuing to exceed budget
New initiatives
  • Upgrade the LegalBrain Agent into an integrated legal AI agent
  • Launch of integration with Claude and Microsoft Copilot
  • Launch CloudSign Document Management in August 2026
  • Deploy the LegalBrain Agent at Nagashima Ohno & Tsunematsu
  • Accelerate expansion into the corporate legal services market
Key KPIsA metric the company considers important as a management benchmark.
  • Group-wide ARR¥171.3 100 million
    Year on year against the same period last year+29.6%
  • Bengo4.com and other ARR
    Year on year against the same period last year+43.8%
  • CloudSign ARR
    Year on year against the same period last year+21.7%
  • CloudSign contract transmissions3,180 thousand transactions
  • Registered lawyers33,374 people
  • Share of lawyers in Japan70 %
  • Monthly visitors to the Zeirishi.com website80 10,000 people
  • Monthly visitors to the Business Lawyers website43 10,000 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Average CloudSign contract transmission price per companyIncreased / specific value not disclosed
  • CloudSign contract transmissions3,180 thousand transactions
  • Paid registered lawyers on Bengo4.com15,028 people
  • Bengo4.com ARPPU¥20,762
Segment results
  • BusinessCloudSign
    Net Sales
    ¥2,606 million
  • BusinessBengo4.com
    Net Sales
    ¥1,549 million
  • BusinessZeirishi.com
    Net Sales
    ¥460 million
    Year on year against the same period last year+39.0%
  • BusinessBusiness Lawyers and other businesses
Financial targets
Equity ratio
45.5 %
As ofEnd of September 2026
Market Size / Share
  • CloudSign's share among the four leading electronic contract service providers48 %
  • Share of 判例秘書 (case-law research service) among the four leading case-law research services51 %
  • Share of registered lawyers among lawyers in Japan70 %
  • TAM for the legal market¥12.2 trillion
Number of employees
Number of Employees758 people
Breakdown758 on a consolidated basis and 679 on a non-consolidated basis (as of the end of September 2026)
Changes during the period and hiring planMore than 30 people were hired in the second quarter, primarily for CloudSign sales
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥9,888 million (YoY +27.4%)
Operating profit¥1,414 million (YoY +30.5%)
Ordinary income¥1,416 million (YoY +30.5%)
Net income¥892 million (YoY +36.1%)
Operating profit marginRate 14.2% (current quarter) / Year-on-year change (points) -0.3pt
Selling, general and administrative expenses¥3,264 million
Results for the three months of the current quarterNet Sales ¥5,050 million / Cost of sales ¥1,069 million / Gross profit ¥3,981 million / Selling, general and administrative expenses ¥3,264 million / EBITDA ¥1,037 million / Operating profit ¥716 million / Ordinary income ¥719 million / Net income ¥453 million
Full-year earnings forecastNet Sales ¥205 100 million / Operating profit ¥30 100 million / Ordinary income Not disclosed / Net income Not disclosed
Progress against full-year forecastNet Sales 48.2% / Operating profit 47.2%
Self-assessment against the planAll key figures finished above plan / continuing to exceed budget
Segment resultsBusiness CloudSign / Net Sales ¥2,606 million / Year on year against the same period last year Not disclosed, Business Bengo4.com / Net Sales ¥1,549 million / Year on year against the same period last year Not disclosed, Business Zeirishi.com / Net Sales ¥460 million / Year on year against the same period last year 39, Business Business Lawyers and other businesses / Net Sales Not disclosed / Year on year against the same period last year Not disclosed
Key KPIsIndicator name Group-wide ARR / Value ¥171.3 100 million / Year on year against the same period last year ¥29.6 100 million, Indicator name Bengo4.com and other ARR / Value Not disclosed / Year on year against the same period last year ¥43.8 100 million, Indicator name CloudSign ARR / Value Not disclosed / Year on year against the same period last year ¥21.7 100 million, Indicator name CloudSign contract transmissions / Value 3,180 thousand transactions / Year on year against the same period last year Not disclosed, Indicator name Registered lawyers / Value 33,374 people / Year on year against the same period last year Not disclosed, Indicator name Share of lawyers in Japan / Value 70 % / Year on year against the same period last year Not disclosed, Indicator name Monthly visitors to the Zeirishi.com website / Value 80 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Monthly visitors to the Business Lawyers website / Value 43 10,000 people / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Average CloudSign contract transmission price per company / Value Increased / specific value not disclosed, Indicator name CloudSign contract transmissions / Value 3,180 thousand transactions, Indicator name Paid registered lawyers on Bengo4.com / Value 15,028 people, Indicator name Bengo4.com ARPPU / Value ¥20,762
Number of employeesNumber of Employees 758 people / Breakdown 758 on a consolidated basis and 679 on a non-consolidated basis (as of the end of September 2026) / Changes during the period and hiring plan More than 30 people were hired in the second quarter, primarily for CloudSign sales
Financial targetsEquity ratio 45.5 %
Market Size / ShareCloudSign's share among the four leading electronic contract service providers 48 %, Share of 判例秘書 (case-law research service) among the four leading case-law research services 51 %, Share of registered lawyers among lawyers in Japan 70 %, TAM for the legal market ¥12.2 trillion
New initiativesUpgrade the LegalBrain Agent into an integrated legal AI agent, Launch of integration with Claude and Microsoft Copilot, Launch CloudSign Document Management in August 2026, Deploy the LegalBrain Agent at Nagashima Ohno & Tsunematsu, Accelerate expansion into the corporate legal services market
Items this document does not state (12)
Gross Profit MarginBreakdown of Factors Affecting the ChangeNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan 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.

The reasons cited include strong sales of the LegalBrain Agent, an increase in the average contract transmission price per transaction following CloudSign's price increase, growth in new MRR and new customer acquisitions, the initial rollout of CloudSign Document Management, strong sales of Bengoshi Kakumei, and the newly consolidated Bengo4.com Legal Finance business.

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.
Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending March 2027 | Bengo4.com,Inc. (6027) timely disclosure | Komori