Worth reading
52Recurring
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
-13.1
% (year-on-year change in revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationFY2026/08 Second Quarter (Interim Period)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥760 million-13.1%
Operating profit¥-29 million
Ordinary income¥-8 million
Net income¥-11 million net income attributable to owners of the parent
Gross Profit MarginGross profit margin: 42.9% (¥326 million ÷ ¥760 million). Year-on-year change: Not disclosed
Operating profit marginOperating margin: -3.8%. Year-on-year change: Not disclosed
Results for the three months of the current quarterThe graph shows net sales of ¥302 million and segment profit of ¥32 million for the AsReader business, and net sales of ¥66 million and segment profit of ¥19 million for the systems integration business. Other standalone quarterly figures: Not disclosed
Full-year earnings forecastConsolidated net sales of ¥2,291 million, AsReader business net sales of ¥2,063 million, systems integration business net sales of ¥216 million, rental business net sales of ¥12 million, and consolidated operating income of ¥117 million. Other line items: Not disclosed
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。Progress against full-year forecasts: consolidated net sales 33.2%, AsReader business net sales 31.3%, systems integration business net sales 50.7%, and rental business net sales 51.3%. Explicit progress against the operating income forecast: Not disclosed
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Net sales were below plan, but operating income was ahead of plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The factors were the deferral of large projects to the following quarter, a shift toward high-value-added products, development of new customer segments, optimization of personnel expenses, improvements to business processes, and cost reductions. Amounts by factor: Not disclosed
New initiatives
The company is providing and developing the ASR-M30S RFID reader, FIND AsCode, StmA, AsReader PTT, the cloud POS system Salasee, an RFID starter kit, AsReader HAKOBU, and new technology for controlling business equipment from a browser. Other initiatives include bringing 7 core patents related to RFID self-checkout entirely under the company's ownership, entering into a business partnership with Koyu Innotex concerning facial recognition systems, and establishing an organization to promote M&A.Key KPIsA metric the company considers important as a management benchmark.
Rental business occupancy rate: 100%. Global RFID solutions market: ¥2.3379 trillion in 2027, with a CAGR of 12% from 2023 to 2027. Other business KPIs: Not disclosedUnit price and quantity metricsThese figures show sales broken down by price and volume.
The average order value in overseas markets exceeded that of the same period of the previous year, but specific amounts and volumes: Not disclosedSegment results
Cumulative net sales: AsReader business ¥645 million, systems integration business ¥109 million, and rental business ¥6 million. Segment figures for the year-on-year comparison: Not disclosed. The standalone quarterly graph shows AsReader business net sales of ¥302 million and profit of ¥32 million, and systems integration business net sales of ¥66 million and profit of ¥19 million.Medium-term management plan targets
Net sales of ¥10 billion in 2030. The company anticipates 3–5 M&A transactions. Comparison with actual results: Not disclosedFinancial targets
Equity ratio: 62.7% (62.1% at the end of the previous fiscal year). Target figures for ROE, ROIC, the D/E ratio and other metrics: Not disclosedMarket Size / Share
The global RFID solutions market is expected to reach ¥2.3379 trillion in 2027, representing a CAGR of 12% from 2023 to 2027. The company's specific market share: Not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | FY2026/08 Second Quarter (Interim Period) |
| Net Sales | ¥760 million (YoY -13.1%) |
| Operating profit | ¥-29 million |
| Ordinary income | ¥-8 million |
| Net income | ¥-11 million (net income attributable to owners of the parent) |
| Gross Profit Margin | Gross profit margin: 42.9% (¥326 million ÷ ¥760 million). Year-on-year change: Not disclosed |
| Operating profit margin | Operating margin: -3.8%. Year-on-year change: Not disclosed |
| Results for the three months of the current quarter | The graph shows net sales of ¥302 million and segment profit of ¥32 million for the AsReader business, and net sales of ¥66 million and segment profit of ¥19 million for the systems integration business. Other standalone quarterly figures: Not disclosed |
| Full-year earnings forecast | Consolidated net sales of ¥2,291 million, AsReader business net sales of ¥2,063 million, systems integration business net sales of ¥216 million, rental business net sales of ¥12 million, and consolidated operating income of ¥117 million. Other line items: Not disclosed |
| Progress against full-year forecast | Progress against full-year forecasts: consolidated net sales 33.2%, AsReader business net sales 31.3%, systems integration business net sales 50.7%, and rental business net sales 51.3%. Explicit progress against the operating income forecast: Not disclosed |
| Self-assessment against the plan | Net sales were below plan, but operating income was ahead of plan. |
| Segment results | Cumulative net sales: AsReader business ¥645 million, systems integration business ¥109 million, and rental business ¥6 million. Segment figures for the year-on-year comparison: Not disclosed. The standalone quarterly graph shows AsReader business net sales of ¥302 million and profit of ¥32 million, and systems integration business net sales of ¥66 million and profit of ¥19 million. |
| Breakdown of Factors Affecting the Change | The factors were the deferral of large projects to the following quarter, a shift toward high-value-added products, development of new customer segments, optimization of personnel expenses, improvements to business processes, and cost reductions. Amounts by factor: Not disclosed |
| Key KPIs | Rental business occupancy rate: 100%. Global RFID solutions market: ¥2.3379 trillion in 2027, with a CAGR of 12% from 2023 to 2027. Other business KPIs: Not disclosed |
| Unit price and quantity metrics | The average order value in overseas markets exceeded that of the same period of the previous year, but specific amounts and volumes: Not disclosed |
| Medium-term management plan targets | Net sales of ¥10 billion in 2030. The company anticipates 3–5 M&A transactions. Comparison with actual results: Not disclosed |
| Financial targets | Equity ratio: 62.7% (62.1% at the end of the previous fiscal year). Target figures for ROE, ROIC, the D/E ratio and other metrics: Not disclosed |
| Market Size / Share | The global RFID solutions market is expected to reach ¥2.3379 trillion in 2027, representing a CAGR of 12% from 2023 to 2027. The company's specific market share: Not disclosed |
| New initiatives | The company is providing and developing the ASR-M30S RFID reader, FIND AsCode, StmA, AsReader PTT, the cloud POS system Salasee, an RFID starter kit, AsReader HAKOBU, and new technology for controlling business equipment from a browser. Other initiatives include bringing 7 core patents related to RFID self-checkout entirely under the company's ownership, entering into a business partnership with Koyu Innotex concerning facial recognition systems, and establishing an organization to promote M&A. |
Items this document does not state (11)
Selling, general and administrative expensesNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual 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 primary reason for the shortfall in net sales was that the delivery and revenue recognition of large projects in the AsReader business were pushed into the following quarter. On the profit side, the shift toward high-value-added products, the development of new customer segments, optimization of personnel expenses, and cost reductions through improvements to business processes contributed positively. On a non-consolidated basis, profit was weighed down by a one-off accounting treatment involving a provision for loans to subsidiaries and strategic development investments in linear motors, facial recognition, AI cameras and other areas.
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.