Worth reading
64In 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
-99
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 2026 (cumulative 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¥2,082 million-0.9%
Operating profit¥-189 million
Ordinary income¥-182 million
Net income¥-251 million
Results for the three months of the current quarter
Operating revenue
¥946 million
Operating profit (loss)
¥-150 million
Full-year earnings forecast
Operating revenue
¥5,000 million
Operating Expenses
¥4,620 million
Operating profit
¥380 million
Ordinary income
¥366 million
Net income for the current fiscal year
¥340 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。
Consolidated operating revenueCumulative first half: 97.3% of plan
OTA business operating revenueCumulative first half: 95.1% of plan
Mobility Tech business operating revenueCumulative first half: 106.5% of plan
Second-quarter operating revenue92.4% of plan
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit/loss fell ¥95 million short of plan. Operating profit/loss for the second quarter alone was an actual loss of ¥150 million, compared with the planned loss of ¥80 million.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Decrease in operating revenue¥-18 million
- Reduction in personnel expenses¥51 million
- Increase in advertising expenses¥-18 million
- Increase in other expenses¥-114 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Inbound travel demand is assumed conservatively. Revenue is expected to increase in the second half, which includes the peak season, as is usual. Numerical assumptions for foreign exchange rates, raw material prices and other factors are not disclosed.New initiatives
- Signed a basic agreement with Big Bus Tours concerning the development of its business in Japan
- Partnered with Odakyu Electric Railway’s EMot tourism DX service
- Expanded the deployment areas for Triplabo Kiosk
- Built a digital ticket sales system for the Ikawa Line of 大井川鐵道
- Using its Korean subsidiary as a hub, supplying Korean inbound tourism products to a global sales network of more than 530 companies
- Expanded the B2B offering of the VELTRA cruise reservation system to JST and 読売旅行
Key KPIsA metric the company considers important as a management benchmark.
- Inbound visitors to JapanApproximately ▲5% year on yearYear on year against the same period last year-5.0%
- Mobility Tech business platform revenue¥174 millionYear on year against the same period last year+15.2%
- Number of suppliers745 companiesChange during the period+35 companies year on year
- Number of sales channels533 companiesChange during the period+41 companies year on year
- Number of Triplabo Kiosk transactions130 % compared with May–June
Segment results
OTA business
Operating revenue
¥1,585 million-5.4%
Operating profit
¥182 million-30.2%
Operating profit margin11.4%
Mobility Tech business
Operating revenue
¥496 million+16.9%
Operating profit
¥-140 million
Consolidated
Operating revenue
¥2,082 million-0.9%
Operating profit
¥-189 million
Medium-term management plan targets
The 2030 medium-term vision is to become a comprehensive solutions company addressing every challenge faced by travelers. Publication of a fixed medium-term management plan for 2025–2027 is being reconsidered for the time being.Financial targets
The company has indicated a policy of using ROIC for investment decisions and monitoring, but numerical targets are not disclosed. The equity ratio is 26.3%, and the equity ratio after deducting advances received is 39.2%.Market Size / Share
Inbound travel market from South Korea19 million travelers (3.6 million Japanese travelers and 15.4 million global travelers)
Inbound travel market growth rate30.5%
Number of employees
Head office133 people (213 including temporary employees)
Consolidated218 people (320 including temporary employees)
Record date30 June 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 (cumulative first half) |
| Net Sales | ¥2,082 million (YoY -0.9%) |
| Operating profit | ¥-189 million |
| Ordinary income | ¥-182 million |
| Net income | ¥-251 million |
| Results for the three months of the current quarter | Operating revenue ¥946 million / Operating profit (loss) ¥-150 million |
| Full-year earnings forecast | Operating revenue ¥5,000 million / Operating Expenses ¥4,620 million / Operating profit ¥380 million / Ordinary income ¥366 million / Net income for the current fiscal year ¥340 million |
| Progress against full-year forecast | Consolidated operating revenue Cumulative first half: 97.3% of plan / OTA business operating revenue Cumulative first half: 95.1% of plan / Mobility Tech business operating revenue Cumulative first half: 106.5% of plan / Second-quarter operating revenue 92.4% of plan |
| Self-assessment against the plan | Operating profit/loss fell ¥95 million short of plan. Operating profit/loss for the second quarter alone was an actual loss of ¥150 million, compared with the planned loss of ¥80 million. |
| Segment results | OTA business Operating revenue ¥1,585 million (YoY -5.4%) / Operating profit ¥182 million (YoY -30.2%) / Operating profit margin 11.4% / Mobility Tech business Operating revenue ¥496 million (YoY +16.9%) / Operating profit ¥-140 million / Consolidated Operating revenue ¥2,082 million (YoY -0.9%) / Operating profit ¥-189 million |
| Breakdown of Factors Affecting the Change | Factors Decrease in operating revenue / Amount ¥-18 million, Factors Reduction in personnel expenses / Amount ¥51 million, Factors Increase in advertising expenses / Amount ¥-18 million, Factors Increase in other expenses / Amount ¥-114 million |
| Key KPIs | Indicator name Inbound visitors to Japan / Value Approximately ▲5% year on year / Year on year against the same period last year -5 Change, Indicator name Mobility Tech business platform revenue / Value ¥174 million / Year on year against the same period last year ¥15.2 million, Indicator name Number of suppliers / Value 745 companies / Year on year against the same period last year Not disclosed / Change during the period +35 companies year on year, Indicator name Number of sales channels / Value 533 companies / Year on year against the same period last year Not disclosed / Change during the period +41 companies year on year, Indicator name Number of Triplabo Kiosk transactions / Value 130 % (compared with May–June) / Year on year against the same period last year Not disclosed |
| Number of employees | Head office 133 people (213 including temporary employees) / Consolidated 218 people (320 including temporary employees) / Record date 30 June 2026 |
| Assumptions Underlying the Business Outlook | Inbound travel demand is assumed conservatively. Revenue is expected to increase in the second half, which includes the peak season, as is usual. Numerical assumptions for foreign exchange rates, raw material prices and other factors are not disclosed. |
| Medium-term management plan targets | The 2030 medium-term vision is to become a comprehensive solutions company addressing every challenge faced by travelers. Publication of a fixed medium-term management plan for 2025–2027 is being reconsidered for the time being. |
| Financial targets | The company has indicated a policy of using ROIC for investment decisions and monitoring, but numerical targets are not disclosed. The equity ratio is 26.3%, and the equity ratio after deducting advances received is 39.2%. |
| Market Size / Share | Inbound travel market from South Korea 19 million travelers (3.6 million Japanese travelers and 15.4 million global travelers) / Inbound travel market growth rate 30.5% |
| New initiatives | Signed a basic agreement with Big Bus Tours concerning the development of its business in Japan, Partnered with Odakyu Electric Railway’s EMot tourism DX service, Expanded the deployment areas for Triplabo Kiosk, Built a digital ticket sales system for the Ikawa Line of 大井川鐵道, Using its Korean subsidiary as a hub, supplying Korean inbound tourism products to a global sales network of more than 530 companies, Expanded the B2B offering of the VELTRA cruise reservation system to JST and 読売旅行 |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk 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 OTA business continued to be affected by external factors, including the situation in the Middle East. In the Mobility Tech business, upfront investment, higher payment processing fees, server costs and software amortization, costs associated with contracted system development and other services, and the application of the pro forma standard taxation system weighed on profit. Meanwhile, personnel expenses were reduced through a restructuring of the operating structure.
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