Worth reading
66In focus
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
180
¥ million (amount of the upward revision to the full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,017 million+19.7%
Operating profit¥1,582 million+14.0%
Ordinary income¥1,596 million+14.0%
Net income¥975 million+10.8%
Operating profit margin22.6 %
Results for the three months of the current quarter
Net Sales
¥3,561 million
Operating profit
¥810 million
Guarantee business revenue
¥3,055 million
Solutions business revenue
¥187 million
IT services business revenue
¥318 million
Full-year earnings forecast
Net Sales
¥14,370 million
Operating profit
¥3,180 million
Ordinary income
¥3,200 million
Net income
¥1,960 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。
Net Sales48.8%
Operating profit49.8%
Ordinary income49.9%
Net income49.8%
Final year of the Third Medium-Term Management Plan46.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
For the first half, revenue was 102.4%, operating income 112.3%, ordinary income 112.4% and net income 109.6% of the original first-half plans. Contract work and SES business at キャロルシステム株式会社 exceeded plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit
Second-quarter operating profit for the fiscal year ending March 20261,388
Guarantee business revenue585
Solution revenue-94
IT services revenue214
Outsourcing fees-62
Premiums-38
Bad debt and guarantee fulfillment293
Payment processing fees and outsourcing costs-24
Personnel Expenses-23
Taxes and dues-44
Depreciation and amortization-1
Other24
Second-quarter operating profit for the fiscal year ending March 20271,582
Unit stated in notes¥ million
New initiatives
- In partnership with Tokyo Century, Nippon Car Solutions and major non-life insurance companies, the company will launch a one-year demonstration project for used-car leasing for individuals from July 2026.
Key KPIsA metric the company considers important as a management benchmark.
- Number of rent debt guarantee and solution contracts held493,113 Number of contracts
- Smahosp medical institutions309 Medical institutionsYear on year against the same period last year+70 hospitals year on year
- Smahosp hospital beds73,842 bedsYear on year against the same period last year+17,984 beds year on year
- Medical institutions offering inpatient packages and other services with medical expense guarantees22 Medical institutionsYear on year against the same period last year-5 hospitals year on year
- Operators adopting products with nursing care expense guarantees and accident insurance156 Care service providersYear on year against the same period last year+41 operators year on year
- Number of contracts for products with nursing care expense guarantees and accident insurance9,257 Number of contractsYear on year against the same period last year+5,246 contracts year on year
- Operators adopting other products with nursing care expense guarantees203 Care service providersYear on year against the same period last year+10 operators year on year
- Number of contracts for other products with nursing care expense guarantees7,564 Number of contractsYear on year against the same period last year+3,428 contracts year on year
Segment results
Guarantee business
Net Sales
¥6,040 million
Year on year against the same period last year112.5%
Solutions Business
Net Sales
¥391 million
Year on year against the same period last year71.4%
IT Services Business
Net Sales
¥585 million
Medium-term management plan targets
Third Medium-Term Plan target
Target fiscal yearFiscal year ending March 2027
Net Sales
¥15,000 million
Revenue as of the second quarter of the fiscal year ending March 2027
¥7,017 million
Progress toward full-year plan46.8%
Market Size / Share
Number of rent guarantee contracts in force
49 ten thousand items
Total units managed by major property management companies nationwide
1,015 10,000 units
Private rental and company housing nationwide
1,700 10,000 units
スマホス (smartphone housing service) implementation record
309 Medical institutions
Number of hospitals nationwide
8,000 Facility
Total number of medical facilities
18 10,000 facilities
Long-term care expense guarantee implementation record
1.7 ten thousand items
Total users of paid nursing homes and serviced housing for older people
240 10,000 people
Number of employees
445 People on a consolidated basis as of 30 September 2026, including part-time and casual employees
Standalone346
Annual Dividend
Annual dividend per share
¥53
Interim Dividend
¥26
Year-end dividend
¥27
Payout ratio
60.5| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥7,017 million (YoY +19.7%) |
| Operating profit | ¥1,582 million (YoY +14.0%) |
| Ordinary income | ¥1,596 million (YoY +14.0%) |
| Net income | ¥975 million (YoY +10.8%) |
| Operating profit margin | 22.6 % |
| Results for the three months of the current quarter | Net Sales ¥3,561 million / Operating profit ¥810 million / Guarantee business revenue ¥3,055 million / Solutions business revenue ¥187 million / IT services business revenue ¥318 million |
| Full-year earnings forecast | Net Sales ¥14,370 million / Operating profit ¥3,180 million / Ordinary income ¥3,200 million / Net income ¥1,960 million |
| Progress against full-year forecast | Net Sales 48.8% / Operating profit 49.8% / Ordinary income 49.9% / Net income 49.8% / Final year of the Third Medium-Term Management Plan 46.8% |
| Self-assessment against the plan | For the first half, revenue was 102.4%, operating income 112.3%, ordinary income 112.4% and net income 109.6% of the original first-half plans. Contract work and SES business at キャロルシステム株式会社 exceeded plan. |
| Segment results | Guarantee business Net Sales ¥6,040 million / Year on year against the same period last year 112.5% / Solutions Business Net Sales ¥391 million / Year on year against the same period last year 71.4% / IT Services Business Net Sales ¥585 million / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Change in operating profit Second-quarter operating profit for the fiscal year ending March 2026 1,388 / Guarantee business revenue 585 / Solution revenue -94 / IT services revenue 214 / Outsourcing fees -62 / Premiums -38 / Bad debt and guarantee fulfillment 293 / Payment processing fees and outsourcing costs -24 / Personnel Expenses -23 / Taxes and dues -44 / Depreciation and amortization -1 / Other 24 / Second-quarter operating profit for the fiscal year ending March 2027 1,582 / Unit stated in notes ¥ million |
| Key KPIs | Indicator name Number of rent debt guarantee and solution contracts held / Value 493,113 Number of contracts / Year on year against the same period last year Not disclosed, Indicator name Smahosp medical institutions / Value 309 Medical institutions / Year on year against the same period last year +70 hospitals year on year, Indicator name Smahosp hospital beds / Value 73,842 beds / Year on year against the same period last year +17,984 beds year on year, Indicator name Medical institutions offering inpatient packages and other services with medical expense guarantees / Value 22 Medical institutions / Year on year against the same period last year -5 hospitals year on year, Indicator name Operators adopting products with nursing care expense guarantees and accident insurance / Value 156 Care service providers / Year on year against the same period last year +41 operators year on year, Indicator name Number of contracts for products with nursing care expense guarantees and accident insurance / Value 9,257 Number of contracts / Year on year against the same period last year +5,246 contracts year on year, Indicator name Operators adopting other products with nursing care expense guarantees / Value 203 Care service providers / Year on year against the same period last year +10 operators year on year, Indicator name Number of contracts for other products with nursing care expense guarantees / Value 7,564 Number of contracts / Year on year against the same period last year +3,428 contracts year on year |
| Number of employees | Value 445 People on a consolidated basis (as of 30 September 2026, including part-time and casual employees) / Standalone 346 People on a consolidated basis (as of 30 September 2026, including part-time and casual employees) |
| Medium-term management plan targets | Third Medium-Term Plan target Target fiscal year Fiscal year ending March 2027 / Net Sales ¥15,000 million / Revenue as of the second quarter of the fiscal year ending March 2027 ¥7,017 million / Progress toward full-year plan 46.8% |
| Annual Dividend | Annual dividend per share ¥53 / Interim Dividend ¥26 / Year-end dividend ¥27 |
| Payout ratio | 60.5 |
| Market Size / Share | Number of rent guarantee contracts in force 49 ten thousand items / Total units managed by major property management companies nationwide 1,015 10,000 units / Private rental and company housing nationwide 1,700 10,000 units / スマホス (smartphone housing service) implementation record 309 Medical institutions / Number of hospitals nationwide 8,000 Facility / Total number of medical facilities 18 10,000 facilities / Long-term care expense guarantee implementation record 1.7 ten thousand items / Total users of paid nursing homes and serviced housing for older people 240 10,000 people |
| New initiatives | In partnership with Tokyo Century, Nippon Car Solutions and major non-life insurance companies, the company will launch a one-year demonstration project for used-car leasing for individuals from July 2026. |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition 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.Growth in renewal guarantee fees for rent debt guarantees, wider adoption of medical and nursing care expense guarantees, and higher-than-planned contract work and SES business at キャロルシステム株式会社 contributed to revenue growth. Operating income benefited from lower bad debt costs resulting from improvements in screening and collection operations and strengthened collection capabilities at プレミアライフ株式会社, despite increases in outsourcing fees, personnel expenses and other costs. The full-year earnings and dividend forecasts were revised following stronger-than-expected first-half results.
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