Worth reading
68In focus
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
250
¥ million (difference from the initial forecast at the lower end of the full-year operating profit forecast range)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales12,868 Millions of yen-0.1%
Operating profit972 Millions of yen+10.0%
Ordinary income1,023 Millions of yen+11.6%
Net income717 Millions of yen+51.7%
Gross Profit Margin30.7 %
Operating profit margin7.6 %
Selling, general and administrative expenses2,983 Millions of yen
Results for the three months of the current quarter
Net Sales
4,348 Millions of yen+0.9%
Operating profit
322 Millions of yen-21.5%
Ordinary income
317 Millions of yen-19.0%
Net income
211 Millions of yen-14.2%
Full-year earnings forecast
Net Sales
17,000～17,500
Operating profit
1,350～1,450
Annual Dividend
¥40 per share
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 Sales70.3 %
Operating profit60.8 %
Profit attributable to owners of the parent68.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit fell short of the initial plan. The DX Consulting business performed well against the plan, but the other businesses fell short.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating income variance+¥88 million
Gross profit+¥199 million
Total selling, general and administrative expenses-¥111 million
Breakdown
- Personnel expenses (SG&A expenses)+¥27 million
- Recruitment costs-¥48 million
- Training and development expenses-¥8 million
- Advertising expenses-¥3 million
- Rent-¥11 million
- Goodwill amortization+¥17 million
- Other-¥85 million
New initiatives
- Development and rollout of the AI citizen-development platform “SmaDev!”
- The “Hyaku-Hyaku” initiative, in which 100 employees create 100 apps internally
- Launch of new services related to physical AI
- Opening of the Physical AI Co-Creation Lab
- Full-scale rollout of FDE services in the contact center and BPO fields
- Relocation and expansion of the Kansai office, and opening of the Nagoya office
- Decision and announcement of the absorption merger of HRP by HCS
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated front-office employees912 peopleyoy+29 people
- Total employees across all job categories1,108 people
- Number of new business customers7 companies
- Holders of professional certifications in the PM and BA fields24 people
- Net cash1,220 Millions of yen
- Net debt-to-equity ratio-0.24 times
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Revenue per customer
19.8 Millions of yen
Number of customers
132 companies
Breakdown7 new customers, 125 existing customers
Segment results
Transformation Services business
FormatSingle segment from the fiscal year ending December 2026
Supplementary informationBy service area, DX Consulting performed well, while DX Engineering and Platform and Agent were weak
Medium-term management plan targets
Plan2nd Growth Plan（2025～2027）
Number of employees
1,108 people
Change during the periodNet increase of 29 front-office employees year on year
Recruitment PolicyIncreasing experienced hires for consultants while restraining engineering recruitment
Annual Dividend
¥40 per share
BreakdownYear-end dividend: ¥40.0
Payout ratio
20 %
TypeTarget payout ratio
Acquisition of treasury shares
Share repurchases mentioned. The repurchase amount, number of shares and period are not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 of the fiscal year ending December 2026 |
| Net Sales | 12,868 Millions of yen (YoY -0.1%) |
| Operating profit | 972 Millions of yen (YoY +10.0%) |
| Ordinary income | 1,023 Millions of yen (YoY +11.6%) |
| Net income | 717 Millions of yen (YoY +51.7%) |
| Gross Profit Margin | 30.7 % |
| Operating profit margin | 7.6 % |
| Selling, general and administrative expenses | 2,983 Millions of yen |
| Results for the three months of the current quarter | Net Sales 4,348 Millions of yen (YoY +0.9%) / Operating profit 322 Millions of yen (YoY -21.5%) / Ordinary income 317 Millions of yen (YoY -19.0%) / Net income 211 Millions of yen (YoY -14.2%) |
| Full-year earnings forecast | Net Sales 17,000～17,500 / Operating profit 1,350～1,450 / Annual Dividend ¥40 per share |
| Progress against full-year forecast | Net Sales 70.3 % / Operating profit 60.8 % / Profit attributable to owners of the parent 68.4 % |
| Self-assessment against the plan | Operating profit fell short of the initial plan. The DX Consulting business performed well against the plan, but the other businesses fell short. |
| Segment results | Format Single segment from the fiscal year ending December 2026 / Segment Transformation Services business / Net Sales Not disclosed / Profit Not disclosed / Supplementary information By service area, DX Consulting performed well, while DX Engineering and Platform and Agent were weak |
| Breakdown of Factors Affecting the Change | Year-on-year operating income variance +¥88 million / Gross profit +¥199 million / Total selling, general and administrative expenses -¥111 million / Breakdown Factors Personnel expenses (SG&A expenses) / Amount +¥27 million, Factors Recruitment costs / Amount -¥48 million, Factors Training and development expenses / Amount -¥8 million, Factors Advertising expenses / Amount -¥3 million, Factors Rent / Amount -¥11 million, Factors Goodwill amortization / Amount +¥17 million, Factors Other / Amount -¥85 million |
| Key KPIs | 912 people, 1,108 people, 7 companies, 24 people, 1,220 Millions of yen, -0.24 times |
| Unit price and quantity metrics | Revenue per customer 19.8 Millions of yen / Number of customers 132 companies |
| Number of employees | 1,108 people |
| Medium-term management plan targets | Plan 2nd Growth Plan（2025～2027） / Target value Not disclosed / Comparison with actual results Not disclosed |
| Annual Dividend | ¥40 per share |
| Payout ratio | 20 % |
| Acquisition of treasury shares | Share repurchases mentioned. The repurchase amount, number of shares and period are not disclosed |
| New initiatives | Development and rollout of the AI citizen-development platform “SmaDev!”, The “Hyaku-Hyaku” initiative, in which 100 employees create 100 apps internally, Launch of new services related to physical AI, Opening of the Physical AI Co-Creation Lab, Full-scale rollout of FDE services in the contact center and BPO fields, Relocation and expansion of the Kansai office, and opening of the Nagoya office, Decision and announcement of the absorption merger of HRP by HCS |
Items this document does not state (8)
Number of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital 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 monetisation of reskilling in the DX Engineering business lagged expectations, demand for partner SES services declined in the Platform and Agent business due to the impact of generative AI, and the company was unable to close a major success-fee engagement in the Strategic Consulting business, among other factors.
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.