Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
188.3
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales3,079¥ millionYear on year +36.4%Progress 48.1%
Operating profit947¥ millionYear on year +188.3%Progress 67.6%
Ordinary income905¥ millionYear on year +173.6%Progress 69.6%
Net income attributable to owners of the parent589¥ millionYear on year +107.7%Progress 62.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥91.34
Financial position at period-end
Total assets5,344¥ million
of which net assets 3,825 ¥ millionEquity ratio 62.5%vs. prior year-end +7.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+725,258
Investment-146,306
Financials+2,500
Net change+581,452
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥2,744,350 thousand
Segment revenueHuman Capital ¥2,792,434 thousand (YoY +36.9%), Open Innovation ¥238,991 thousand (YoY +9.2%), Venture Capital ¥48,444 thousand
Segment profitHuman Capital ¥1,413,313 thousand (YoY +57.9%), Open Innovation ¥32,555 thousand (YoY +351.2%), Venture Capital ¥39,463 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥6,400 million (YoY +21.5%)
Operating profit¥1,400 million (YoY +25.0%)
Ordinary income¥1,300 million (YoY +23.3%)
Net income¥940 million (YoY +15.0%)
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
An increase in recruitment placement transactions, an increase in sales personnel, higher average fees per recruitment placement, price increases for consulting service fees, higher unit prices and upselling for STARTUP DB's fixed-fee subscriptions, and the sale of unlisted shares held in the venture capital business.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsAt a meeting of the Board of Directors held on 5 November 2026, the Company resolved to repurchase treasury shares. The repurchase will be capped at 220,000 shares and ¥300 million in total, and will run from 6 November to 30 December 2026.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment ¥0 thousand, Gain on reversal of stock acquisition rights ¥0 thousand / Extraordinary loss Loss on disposal of property, plant and equipment ¥0 thousand
Depreciation and amortization¥17,658 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End6,613,200
Treasury Shares at Period-End160,482
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥3,079 million (YoY +36.4%) |
| Operating profit | ¥947 million (YoY +188.3%) |
| Ordinary income | ¥905 million (YoY +173.6%) |
| Profit attributable to owners of the parent | ¥589 million (YoY +107.7%) |
| Net income per share | ¥91.34 |
| Equity ratio | End of the current fiscal period 62.5 / End of previous period 55.5 |
| Total assets | ¥5,344 million |
| Net assets | ¥3,825 million |
| Cash flows from operating activities | ¥725,258 thousand |
| Cash flows from investing activities | ¥-146,306 thousand |
| Cash flows from financing activities | ¥2,500 thousand |
| Cash and cash equivalents at end of period | ¥2,744,350 thousand |
| Full-year earnings forecast | Net Sales ¥6,400 million (YoY +21.5%) / Operating profit ¥1,400 million (YoY +25.0%) / Ordinary income ¥1,300 million (YoY +23.3%) / Net income ¥940 million (YoY +15.0%) |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Human Capital ¥2,792,434 thousand (YoY +36.9%), Open Innovation ¥238,991 thousand (YoY +9.2%), Venture Capital ¥48,444 thousand |
| Segment profit | Human Capital ¥1,413,313 thousand (YoY +57.9%), Open Innovation ¥32,555 thousand (YoY +351.2%), Venture Capital ¥39,463 thousand |
| Depreciation and amortization | ¥17,658 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment ¥0 thousand, Gain on reversal of stock acquisition rights ¥0 thousand / Extraordinary loss Loss on disposal of property, plant and equipment ¥0 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | At a meeting of the Board of Directors held on 5 November 2026, the Company resolved to repurchase treasury shares. The repurchase will be capped at 220,000 shares and ¥300 million in total, and will run from 6 November to 30 December 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 6,613,200 |
| Treasury Shares at Period-End | 160,482 |
| Factors Behind Changes in Business Performance | An increase in recruitment placement transactions, an increase in sales personnel, higher average fees per recruitment placement, price increases for consulting service fees, higher unit prices and upselling for STARTUP DB's fixed-fee subscriptions, and the sale of unlisted shares held in the venture capital business. |
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Each service performed steadily, driven by an increase in recruitment placement transactions, higher average fees per recruitment placement, price increases for consulting service fees, higher unit prices and upselling for STARTUP DB, and the sale of holdings in the venture capital business.
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.