Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-1083
¥ million (year-on-year change in consolidated revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,475 million-9.0%
Operating profit¥2,695 million-16.0%
Ordinary income¥2,783 million-18.0%
Net income¥1,924 million-15.0%
Gross Profit Margin48.4%
Selling, general and administrative expenses¥2,856 million
Full-year earnings forecast
Net Sales
¥25,300 million
Operating profit
¥6,600 million
Ordinary income
¥6,700 million
Net income
¥4,460 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 Sales45%
Operating profit41%
Ordinary income42%
Net income43%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Prior-year interim-period net sales of 2 subsidiaries no longer included in the scope of consolidationApproximately ¥620 million
- Decline in large-scale projects using outsourcing
- Decrease in outsourcing expensesDown 40% year on year
- Reversal of the bonus provision in the same period of the previous year
New initiatives
- Execution of a new capital and business alliance agreement with ITOCHU Corporation and disposal of treasury shares through a third-party allotment
- Consideration of a capital and business alliance with コアコンセプト・テクノロジー
- Acquisition of ¥1.8 billion of treasury shares from January to June 2027
- Cancellation of 970,000 treasury shares
- Establishment of a specialized organization to promote internal transformation through the use of AI
- Launch of the Superhuman program for management teams
Key KPIsA metric the company considers important as a management benchmark.
- Number of projects526 EngagementsYear on year against the same period last year+9%
- Number of clients140 companiesYear on year against the same period last year+14%
- Revenue per contract¥21.8 millionYear on year against the same period last year-12%
- Number of consultants731 PeopleYear on year against the same period last year+5%
- Project satisfaction (NSI)96 itemsYear on year against the same period last year-1 percentage point
- Ordinary income margin24.3%Year on year against the same period last year-2.7 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of projects526
Number of clients140
Revenue per contract
¥21.8 million
Medium-term management plan targets
Payout-ratio target50%
Target fiscal yearFiscal year ending March 2030
ROE target35%
ROE target yearFiscal year ending March 2030
Financial targets
ROE target35% (fiscal year ending March 2030)
Equity ratio
70%
As ofEnd of the second quarter of the fiscal year ending March 2027
Number of employees
Number of consultants731 People
Joined during the period26 experienced hires, 79 new graduates
Hiring planApproximately 60 new graduates joining in April 2027
Annual Dividend
Annual dividend per share¥26 per share
Payout ratio
50% (target)Acquisition of treasury shares
Amount under the acquisition limit¥1.8 billion
PeriodJanuary to June 2027
CancellationCancellation of 970,000 treasury shares
| Item | Details |
|---|---|
| Document type | Supplementary Materials to the Earnings Report |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥11,475 million (YoY -9.0%) |
| Operating profit | ¥2,695 million (YoY -16.0%) |
| Ordinary income | ¥2,783 million (YoY -18.0%) |
| Net income | ¥1,924 million (YoY -15.0%) |
| Gross Profit Margin | 48.4% |
| Selling, general and administrative expenses | ¥2,856 million |
| Full-year earnings forecast | Net Sales ¥25,300 million / Operating profit ¥6,600 million / Ordinary income ¥6,700 million / Net income ¥4,460 million |
| Progress against full-year forecast | Net Sales 45% / Operating profit 41% / Ordinary income 42% / Net income 43% |
| Breakdown of Factors Affecting the Change | Prior-year interim-period net sales of 2 subsidiaries no longer included in the scope of consolidation Approximately ¥620 million, Decline in large-scale projects using outsourcing 非開示, Decrease in outsourcing expenses Down 40% year on year, Reversal of the bonus provision in the same period of the previous year 非開示 |
| Key KPIs | Indicator name Number of projects / Value 526 Engagements / Year on year against the same period last year +9%, Indicator name Number of clients / Value 140 companies / Year on year against the same period last year +14%, Indicator name Revenue per contract / Value ¥21.8 million / Year on year against the same period last year -12%, Indicator name Number of consultants / Value 731 People / Year on year against the same period last year +5%, Indicator name Project satisfaction (NSI) / Value 96 items / Year on year against the same period last year -1 percentage point, Indicator name Ordinary income margin / Value 24.3% / Year on year against the same period last year -2.7 percentage points |
| Unit price and quantity metrics | Number of projects 526 / Number of clients 140 / Revenue per contract ¥21.8 million |
| Number of employees | Number of consultants 731 People / Joined during the period 26 experienced hires, 79 new graduates / Hiring plan Approximately 60 new graduates joining in April 2027 |
| Medium-term management plan targets | Payout-ratio target 50% / Target fiscal year Fiscal year ending March 2030 / ROE target 35% / ROE target year Fiscal year ending March 2030 |
| Financial targets | ROE target 35% (fiscal year ending March 2030) / Equity ratio 70% |
| Annual Dividend | Annual dividend per share ¥26 per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 50% (target) |
| Acquisition of treasury shares | Amount under the acquisition limit ¥1.8 billion / Period January to June 2027 / Cancellation Cancellation of 970,000 treasury shares |
| New initiatives | Execution of a new capital and business alliance agreement with ITOCHU Corporation and disposal of treasury shares through a third-party allotment, Consideration of a capital and business alliance with コアコンセプト・テクノロジー, Acquisition of ¥1.8 billion of treasury shares from January to June 2027, Cancellation of 970,000 treasury shares, Establishment of a specialized organization to promote internal transformation through the use of AI, Launch of the Superhuman program for management teams |
Items this document does not state (11)
Operating profit marginResults for the three months of the current quarterSelf-assessment against the planSegment resultsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogMarket 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.The stated reasons were the impact of subsidiaries no longer included in the scope of consolidation, a decline in large-scale projects using outsourcing, a decrease in gross profit accompanying the decline in net sales, and an increase in selling, general and administrative expenses due to the impact of the reversal of the bonus provision in the same period of the previous year.
How to read this page
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