Worth reading
92Important
Scored from 4 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
523
Millions of yen (revised full-year operating profit forecast)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings PresentationThird 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 Sales¥2,911 million+12.1%
Operating profit¥450 million+106.0%
Ordinary income¥451 million+103.0%
Net income¥236 million+67.6%
Operating profit margin15.5%
Selling, general and administrative expenses¥1,368 million
Results for the three months of the current quarter
Net Sales
¥927 million
Operating profit
¥127 million
Full-year earnings forecast
Net Sales
¥3,934 million
Operating profit
¥523 million
Ordinary income
¥524 million
Profit attributable to owners of the parent
¥283 million
Earnings per share
¥111.26
Dividend per share
¥11
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 Sales74.3%
Operating profit83.8%
Ordinary income84.0%
Profit attributable to owners of the parent80.7%
Earnings per share83.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit is progressing ahead of expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating income
Q3 2025 Operating Profit218
Gross profit+¥201 million
Labor and recruitment costs+¥33 million
Depreciation and goodwill amortization-¥4 million
Advertising expenses-JPY 7 million
Operating expenses and other expenses+¥15 million
Other SG&A expenses-JPY 6 million
Q3 2026 Operating Profit450
New initiatives
- Launch of the free diagnostic service “マネヨム”
- Execution of an MOU toward a comprehensive partnership with Tunku Abdul Rahman University of Management and Technology
- The etudes business is shifting its primary focus from business use to internal use
- AI feedback and comprehensive proposals for the corporate education business
- Expanding sales of new solutions for the SMB and internal-use segments
Key KPIsA metric the company considers important as a management benchmark.
- Customer Base381 companies
- Revenue per client5,553 Thousand yen
- Revenue per employee21,160 Thousand yen
- ARR¥315 millionYear on year against the same period last year-12.3%
- MRR26,268 Thousand yenYear on year against the same period last year-12.3%
- Number of customer companies234 companiesYear on year against the same period last year1.3%
- ARPU¥112,258Year on year against the same period last year-13.4%
- Churn rate2.1 %Year on year against the same period last year+0.2 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Corporate Education
Customer Base381 Thousand yen
Revenue per client5,553 Thousand yen
etudes
Number of customer companies¥234
ARPU¥112,258
Segment results
Corporate education business
Net Sales
¥2,525 million
Year on year against the same period last year16.4%
Operating profit
¥1,037 million
Operating profit margin41.1%
etudes business
Net Sales
¥319 million
Year on year against the same period last year-2.4%
Operating profit
¥45 million
Operating profit margin14.3%
Number of employees
Non-consolidated155 people
Consolidated180 people
Record date30 September 2026
Annual Dividend
Annual dividend per share¥11
Gross profit
¥1,818 million+12.4%
Rate62.5%
Year-on-year change (points)0.2
| Item | Details |
|---|---|
| Document type | Earnings Presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥2,911 million (YoY +12.1%) |
| Operating profit | ¥450 million (YoY +106.0%) |
| Ordinary income | ¥451 million (YoY +103.0%) |
| Net income | ¥236 million (YoY +67.6%) |
| Gross profit | ¥1,818 million (YoY +12.4%) |
| Operating profit margin | 15.5% |
| Selling, general and administrative expenses | ¥1,368 million |
| Results for the three months of the current quarter | Net Sales ¥927 million / Operating profit ¥127 million |
| Full-year earnings forecast | Net Sales ¥3,934 million / Operating profit ¥523 million / Ordinary income ¥524 million / Profit attributable to owners of the parent ¥283 million / Earnings per share ¥111.26 / Dividend per share ¥11 |
| Progress against full-year forecast | Net Sales 74.3% / Operating profit 83.8% / Ordinary income 84.0% / Profit attributable to owners of the parent 80.7% / Earnings per share 83.3% |
| Self-assessment against the plan | Operating profit is progressing ahead of expectations |
| Segment results | Corporate education business Net Sales ¥2,525 million / Year on year against the same period last year 16.4% / Operating profit ¥1,037 million / Operating profit margin 41.1% / etudes business Net Sales ¥319 million / Year on year against the same period last year -2.4% / Operating profit ¥45 million / Operating profit margin 14.3% |
| Breakdown of Factors Affecting the Change | Change in operating income Q3 2025 Operating Profit 218 / Gross profit +¥201 million / Labor and recruitment costs +¥33 million / Depreciation and goodwill amortization -¥4 million / Advertising expenses -JPY 7 million / Operating expenses and other expenses +¥15 million / Other SG&A expenses -JPY 6 million / Q3 2026 Operating Profit 450 |
| Key KPIs | Indicator name Customer Base / Value 381 companies / Year on year against the same period last year Not disclosed, Indicator name Revenue per client / Value 5,553 Thousand yen / Year on year against the same period last year Not disclosed, Indicator name Revenue per employee / Value 21,160 Thousand yen / Year on year against the same period last year Not disclosed, Indicator name ARR / Value ¥315 million / Year on year against the same period last year -12.3%, Indicator name MRR / Value 26,268 Thousand yen / Year on year against the same period last year -12.3%, Indicator name Number of customer companies / Value 234 companies / Year on year against the same period last year 1.3%, Indicator name ARPU / Value ¥112,258 / Year on year against the same period last year -13.4%, Indicator name Churn rate / Value 2.1 % / Year on year against the same period last year +0.2 percentage points |
| Unit price and quantity metrics | Corporate Education Customer Base 381 Thousand yen / Revenue per client 5,553 Thousand yen / etudes Number of customer companies ¥234 / ARPU ¥112,258 |
| Number of employees | Non-consolidated 155 people / Consolidated 180 people / Record date 30 September 2026 |
| Annual Dividend | Annual dividend per share ¥11 / Interim Not disclosed / End of period Not disclosed |
| New initiatives | Launch of the free diagnostic service “マネヨム”, Execution of an MOU toward a comprehensive partnership with Tunku Abdul Rahman University of Management and Technology, The etudes business is shifting its primary focus from business use to internal use, AI feedback and comprehensive proposals for the corporate education business, Expanding sales of new solutions for the SMB and internal-use segments |
Items this document does not state (11)
Number of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital 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 company won major projects in the corporate education business, driving top-line growth, while productivity improvements lifted operating profit. The company also cited the decline in break-even sales resulting from cost optimisation measures implemented last year, as well as lower third-quarter expenses because growth investments were concentrated in the second half and thereafter, as factors behind the increase in operating profit.
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.