Worth reading
48Recurring
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
100
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&AFiscal year ended February 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Results for the three months of the current quarter
Net Sales
¥1,394 million
NotesQuarterly standalone revenue for the fourth quarter (December to February)
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending February 2027
Net Sales
¥6,211 million
Operating profit
¥624 million
Financial Solutions Business
Year-on-year sales+11.6%
Year-on-year operating profit+10.4%
Real Estate Solutions Business
Year-on-year sales+65.8%
Year-on-year operating profit+567.9%
Professional Services Solutions Business
Year-on-year sales-0.6%
Year-on-year operating profit-12.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Plan not achievedKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Factors behind the shortfall for the fiscal year ended February 2026: the ¥100 million allowance for doubtful accounts and timing shifts in real estate auctions
- Temporary nature of the shortfall factors: the allowance for doubtful accounts was temporary, while the auction transactions were delayed rather than lost
- Basis for higher earnings in the fiscal year ending February 2027: collection of carried-over transactions, additions of new transactions, growth in the construction business and the absence of the allowance for doubtful accounts recorded in the previous fiscal year
- Interest-rate risk: shifting revenue toward sale and mortgage-cancellation support services and inheritance-related services that are less affected by interest rates
- Declines in revenue and earnings in the Professional Services Solutions Business: a decline following the prior-year increase in sales of Windows 10-related equipment and investment in service development
- Interim dividend: an interim dividend of ¥3 and a year-end dividend of ¥3, for a full-year dividend of ¥6, are planned from the fiscal year ending February 2027
- Medium-term management plan and M&A: selective consideration of M&A in core areas and partnerships with external companies
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Allowance for doubtful accounts in the Financial Solutions Business¥100 millionDirectionReduced operating profit
- Delays in the contracting and settlement timing of real estate auctionsDetailsTransactions scheduled to be recognized in the current fiscal year carried over to the following fiscal year or later
- Upfront investment in business standardization and automationDetailsCost Increases
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company explained that its plan incorporates a certain degree of conservatism to reflect uncertainty over interest-rate trends. Numerical assumptions were not disclosedNew initiatives
- Begin paying an interim dividend from the fiscal year ending February 2027
- Shift revenue toward support services for property sales and mortgage cancellation when housing loans are fully repaid, as well as inheritance-related services
- Develop channels for the AI inheritance service Mitsuro-kun among municipalities nationwide
- Expand the user base and consider revising prices for Samupolonia, a professional services platform
- Consider M&A and partnerships with external companies to strengthen core areas
Key KPIsA metric the company considers important as a management benchmark.
- Municipalities targeted by the AI inheritance service Mitsuro-kun1,741 Local government
- Municipality outreach rate for the AI inheritance service Mitsuro-kun82 %
Medium-term management plan targets
The company referred to business transformation and earnings growth aimed at achieving Medium-Term Management Plan 2027. Numerical targets were not disclosedNumber of employees
The company referred to expanding its sales staff, but the number of employees was not disclosedAnnual Dividend
¥6 per share
Fiscal Period CoveredFiscal year ending February 2027
Interim3
End of period3
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Results for the three months of the current quarter | Net Sales ¥1,394 million / Notes Quarterly standalone revenue for the fourth quarter (December to February) |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending February 2027 / Net Sales ¥6,211 million / Operating profit ¥624 million / Financial Solutions Business Year-on-year sales +11.6% / Year-on-year operating profit +10.4% / Real Estate Solutions Business Year-on-year sales +65.8% / Year-on-year operating profit +567.9% / Professional Services Solutions Business Year-on-year sales -0.6% / Year-on-year operating profit -12.1% |
| Self-assessment against the plan | Plan not achieved |
| Breakdown of Factors Affecting the Change | Factors Allowance for doubtful accounts in the Financial Solutions Business / Amount ¥100 million / Direction Reduced operating profit, Factors Delays in the contracting and settlement timing of real estate auctions / Details Transactions scheduled to be recognized in the current fiscal year carried over to the following fiscal year or later, Factors Upfront investment in business standardization and automation / Details Cost Increases |
| Key KPIs | 1,741 Local government, 82 % |
| Number of employees | The company referred to expanding its sales staff, but the number of employees was not disclosed |
| Assumptions Underlying the Business Outlook | The company explained that its plan incorporates a certain degree of conservatism to reflect uncertainty over interest-rate trends. Numerical assumptions were not disclosed |
| Medium-term management plan targets | The company referred to business transformation and earnings growth aimed at achieving Medium-Term Management Plan 2027. Numerical targets were not disclosed |
| Annual Dividend | ¥6 per share |
| Key points of the Q&A | Factors behind the shortfall for the fiscal year ended February 2026: the ¥100 million allowance for doubtful accounts and timing shifts in real estate auctions, Temporary nature of the shortfall factors: the allowance for doubtful accounts was temporary, while the auction transactions were delayed rather than lost, Basis for higher earnings in the fiscal year ending February 2027: collection of carried-over transactions, additions of new transactions, growth in the construction business and the absence of the allowance for doubtful accounts recorded in the previous fiscal year, Interest-rate risk: shifting revenue toward sale and mortgage-cancellation support services and inheritance-related services that are less affected by interest rates, Declines in revenue and earnings in the Professional Services Solutions Business: a decline following the prior-year increase in sales of Windows 10-related equipment and investment in service development, Interim dividend: an interim dividend of ¥3 and a year-end dividend of ¥3, for a full-year dividend of ¥6, are planned from the fiscal year ending February 2027, Medium-term management plan and M&A: selective consideration of M&A in core areas and partnerships with external companies |
| New initiatives | Begin paying an interim dividend from the fiscal year ending February 2027, Shift revenue toward support services for property sales and mortgage cancellation when housing loans are fully repaid, as well as inheritance-related services, Develop channels for the AI inheritance service Mitsuro-kun among municipalities nationwide, Expand the user base and consider revising prices for Samupolonia, a professional services platform, Consider M&A and partnerships with external companies to strengthen core areas |
Items this document does not state (18)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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 factors behind the shortfall and decline in earnings for the fiscal year ended February 2026 were the recording of a ¥100 million allowance for doubtful accounts in the Financial Solutions Business, delays in the contracting and settlement timing of large properties in real estate auctions, and higher upfront investment costs. For the fiscal year ending February 2027, the company expects earnings to improve through the recognition of revenue from carried-over transactions, the addition of new transactions, growth in the Construction Solutions Business and the absence of the allowance for doubtful accounts recorded in the previous fiscal year.
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.