Worth reading
47Recurring
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-37
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales1,220¥ millionYear on year -37.0%Progress 17.5%
Operating profit68¥ millionYear on year -22.6%Progress 45.6%
Ordinary income60¥ millionYear on year -23.7%Progress 44.4%
Net income attributable to owners of the parent36¥ millionYear on year -46.7%Progress 42.9%
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¥11.39
Financial position at period-end
Total assets6,793¥ million
of which net assets 4,011 ¥ millionEquity ratio 59.0%vs. prior year-end +2.0pt
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.
Segment revenueFare Collection Equipment Business ¥1,072,545 thousand, Systems development business ¥147,859 thousand
Segment profitFare Collection Equipment Business ¥59,189 thousand, Systems development business ¥94 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥6,962 million (YoY -9.3%)
Operating profit¥149 million (YoY -3.9%)
Ordinary income¥135 million (YoY -32.3%)
Net income¥84 million (YoY -12.6%)
Annual Dividend Forecast¥40 → ¥40（0.0%）
Factors Behind Changes in Business Performance
In the fixed-route bus industry, concerns remain over rising labor costs due to the increasingly severe shortage of drivers and higher fuel costs resulting from prolonged geopolitical risks, among other factors. Conditions therefore remain challenging.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Yes見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name No applicable matters
Material subsequent eventsThe company plans to issue 23,000 common shares as restricted stock compensation. The payment date is 22 May 2026, and the total issue amount is ¥26,841,000.
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss Loss on Disposal of Fixed Assets ¥10 thousand
Depreciation and amortization¥22,802 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End3,201,300 shares
Treasury Shares at Period-End43,971 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥1,220 million (YoY -37.0%) |
| Operating profit | ¥68 million (YoY -22.6%) |
| Ordinary income | ¥60 million (YoY -23.7%) |
| Profit attributable to owners of the parent | ¥36 million (YoY -46.7%) |
| Net income per share | ¥11.39 |
| Equity ratio | End of the current fiscal period 59.0% / End of previous period 57.0% |
| Total assets | ¥6,793 million |
| Net assets | ¥4,011 million |
| Full-year earnings forecast | Net Sales ¥6,962 million (YoY -9.3%) / Operating profit ¥149 million (YoY -3.9%) / Ordinary income ¥135 million (YoY -32.3%) / Net income ¥84 million (YoY -12.6%) |
| Annual Dividend Forecast | ¥40 → ¥40（0.0%） |
| Segment revenue | Fare Collection Equipment Business ¥1,072,545 thousand, Systems development business ¥147,859 thousand |
| Segment profit | Fare Collection Equipment Business ¥59,189 thousand, Systems development business ¥94 thousand |
| Depreciation and amortization | ¥22,802 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Loss on Disposal of Fixed Assets ¥10 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name No applicable matters |
| Material subsequent events | The company plans to issue 23,000 common shares as restricted stock compensation. The payment date is 22 May 2026, and the total issue amount is ¥26,841,000. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 3,201,300 shares |
| Treasury Shares at Period-End | 43,971 shares |
| Factors Behind Changes in Business Performance | In the fixed-route bus industry, concerns remain over rising labor costs due to the increasingly severe shortage of drivers and higher fuel costs resulting from prolonged geopolitical risks, among other factors. Conditions therefore remain challenging. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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 explained that conditions remain challenging, with concerns over rising labor costs due to driver shortages in the fixed-route bus industry and higher fuel costs resulting from prolonged geopolitical risks. It is also working to capture demand and provide new value by introducing cashless payment terminals and developing new systems.
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.