Worth reading
86Important
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-8.8
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials on financial resultsSecond quarter of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net SalesQ2 629, first half 1,397
Operating profitQ2 operating profit/loss △63, first half operating profit/loss △87
Ordinary incomeQ2 ordinary profit/loss △83, first half ordinary profit/loss △108
Net incomeQ2 net loss attributable to owners of parent △90, first-half interim net loss attributable to owners of parent △137
Selling, general and administrative expensesQ2 299, previous quarter 315. Breakdown: advertising and sales promotion expenses 70, personnel-related expenses 107, outsourcing expenses 95, other SG&A expenses 8, and expenses for preparations to change to the Standard Market 19
Operating profit marginNo consolidated operating margin was provided for either Q2 or the first half. The Asset AX Business reported a Q2 operating margin of 2.3%; year-on-year change: not disclosed
Results for the three months of the current quarterRevenue of ¥629 million, operating profit/loss of △¥63 million, ordinary profit/loss of △¥83 million, and net loss attributable to owners of parent of △¥90 million
Full-year earnings forecast
Net Sales¥3,000 million
Operating profit (loss)¥50 million
Net income¥20 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors reducing revenue: withdrawal from the overseas business of SuperFaction, transfer and withdrawal from the overseas business of Crossbound, and exclusion of overseas subsidiaries from the scope of consolidation. Factors affecting operating profit/loss: curbs on business operating costs, the absence of investigation-related expenses and the effects of structural reforms, expenses for preparations to change to the Standard Market, and one-time expenses associated with the liquidation of overseas subsidiaries. An amount-by-factor breakdown was not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
FY2026: the business name will be changed to the Asset AX Business, the three-tier support model will continue to take hold, no investigation-related expenses will arise, revenue from the Asset AX Business is not included as it remains in the investment phase, and staffing will be maintained at current levels with hiring restrained. FY2027: proactive deployment of the three-tier support model, expansion of company-specific implementations of Kaname.ax®, revenue per employee of ¥25 million, and revenue growth through cross-selling and upsellingNew initiatives
The reported segments were changed to the Marketing AX Business and Asset AX Business. In the Asset AX Business, the company invested in APYX, AlliedVerse began operating Solana validators, a joint program called “Japan SOL” was launched with Dawn Labs, and a strategic partnership was formed with DeFi Development Corp. The company is promoting company-wide deployment of AI agents, development to replace business processes, and a three-tier support model centered on Kaname.ax® and 3℃1Key KPIsA metric the company considers important as a management benchmark.
Asset AX Business investment yield exceeding 13% on a monthly annualized basis, the Asset AX Business segment returning to profitability, approximately 2x QoQ growth in orders for the Marketing AX Business, revenue per employee of ¥4.24 million in the Marketing AX Business, average customer spend of ¥3.54 million for the two-tier model and ¥0.94 million for the one-tier modelUnit price and quantity metricsThese figures show sales broken down by price and volume.
Revenue per employee in the Marketing AX Business was ¥4.24 million. Average customer spend was ¥3.54 million for the two-tier model, 2.7x the previous figure for the one-tier model, and ¥0.94 million for the one-tier model, 1.3x the previous figure for the two-tier model. Orders were approximately 2x QoQSegment results
Q2: The Marketing AX Business reported revenue of ¥618 million, operating profit/loss of ¥75 million, and an operating margin of 12.2%. The Asset AX Business reported revenue of ¥11 million, operating profit/loss of ¥0 million, and an operating margin of 2.3%. Consolidated revenue was ¥629 million and consolidated operating profit/loss was △¥63 million. Segment figures on a year-on-year basis: not disclosedMedium-term management plan targets
FY2027 targets: revenue of ¥5,000 million, operating profit of ¥500 million, an operating margin of 10.0%, and revenue per employee of ¥25 million. The FY2026 forecast is revenue of ¥3,000 million and operating profit/loss of ¥50 millionOrders received and order backlog
Not disclosed. Orders were approximately 2x QoQNumber of employees
Not disclosed. The assumptions state that staffing will be maintained at current levels and hiring restrained| Item | Details |
|---|---|
| Document type | Presentation materials on financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | Q2 629, first half 1,397 |
| Operating profit | Q2 operating profit/loss △63, first half operating profit/loss △87 |
| Ordinary income | Q2 ordinary profit/loss △83, first half ordinary profit/loss △108 |
| Net income | Q2 net loss attributable to owners of parent △90, first-half interim net loss attributable to owners of parent △137 |
| Operating profit margin | No consolidated operating margin was provided for either Q2 or the first half. The Asset AX Business reported a Q2 operating margin of 2.3%; year-on-year change: not disclosed |
| Selling, general and administrative expenses | Q2 299, previous quarter 315. Breakdown: advertising and sales promotion expenses 70, personnel-related expenses 107, outsourcing expenses 95, other SG&A expenses 8, and expenses for preparations to change to the Standard Market 19 |
| Results for the three months of the current quarter | Revenue of ¥629 million, operating profit/loss of △¥63 million, ordinary profit/loss of △¥83 million, and net loss attributable to owners of parent of △¥90 million |
| Full-year earnings forecast | Net Sales ¥3,000 million / Operating profit (loss) ¥50 million / Net income ¥20 million |
| Segment results | Q2: The Marketing AX Business reported revenue of ¥618 million, operating profit/loss of ¥75 million, and an operating margin of 12.2%. The Asset AX Business reported revenue of ¥11 million, operating profit/loss of ¥0 million, and an operating margin of 2.3%. Consolidated revenue was ¥629 million and consolidated operating profit/loss was △¥63 million. Segment figures on a year-on-year basis: not disclosed |
| Breakdown of Factors Affecting the Change | Factors reducing revenue: withdrawal from the overseas business of SuperFaction, transfer and withdrawal from the overseas business of Crossbound, and exclusion of overseas subsidiaries from the scope of consolidation. Factors affecting operating profit/loss: curbs on business operating costs, the absence of investigation-related expenses and the effects of structural reforms, expenses for preparations to change to the Standard Market, and one-time expenses associated with the liquidation of overseas subsidiaries. An amount-by-factor breakdown was not disclosed |
| Key KPIs | Asset AX Business investment yield exceeding 13% on a monthly annualized basis, the Asset AX Business segment returning to profitability, approximately 2x QoQ growth in orders for the Marketing AX Business, revenue per employee of ¥4.24 million in the Marketing AX Business, average customer spend of ¥3.54 million for the two-tier model and ¥0.94 million for the one-tier model |
| Unit price and quantity metrics | Revenue per employee in the Marketing AX Business was ¥4.24 million. Average customer spend was ¥3.54 million for the two-tier model, 2.7x the previous figure for the one-tier model, and ¥0.94 million for the one-tier model, 1.3x the previous figure for the two-tier model. Orders were approximately 2x QoQ |
| Number of employees | Not disclosed. The assumptions state that staffing will be maintained at current levels and hiring restrained |
| Assumptions Underlying the Business Outlook | FY2026: the business name will be changed to the Asset AX Business, the three-tier support model will continue to take hold, no investigation-related expenses will arise, revenue from the Asset AX Business is not included as it remains in the investment phase, and staffing will be maintained at current levels with hiring restrained. FY2027: proactive deployment of the three-tier support model, expansion of company-specific implementations of Kaname.ax®, revenue per employee of ¥25 million, and revenue growth through cross-selling and upselling |
| Medium-term management plan targets | FY2027 targets: revenue of ¥5,000 million, operating profit of ¥500 million, an operating margin of 10.0%, and revenue per employee of ¥25 million. The FY2026 forecast is revenue of ¥3,000 million and operating profit/loss of ¥50 million |
| Orders received and order backlog | Not disclosed. Orders were approximately 2x QoQ |
| New initiatives | The reported segments were changed to the Marketing AX Business and Asset AX Business. In the Asset AX Business, the company invested in APYX, AlliedVerse began operating Solana validators, a joint program called “Japan SOL” was launched with Dawn Labs, and a strategic partnership was formed with DeFi Development Corp. The company is promoting company-wide deployment of AI agents, development to replace business processes, and a three-tier support model centered on Kaname.ax® and 3℃1 |
Items this document does not state (12)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey 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.Consolidated revenue declined due to the transfer and withdrawal from overseas businesses and the exclusion of overseas subsidiaries from the scope of consolidation. In the Marketing AX Business, lower budgets from major customers and the transitional phase of AI-agent development reduced revenue, while curbs on business operating costs narrowed the operating loss. The increase in the operating loss for the first half was due to lower revenue and other factors, while the interim net loss narrowed as special investigation expenses incurred in the previous year fell away.
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.