Worth reading
81Important
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
12.2
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter (interim period) of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,403 million+0.2%
Operating profit¥313 million+12.2%
Ordinary income¥317 million+9.7%
Net income¥185 million+18.2%
Selling, general and administrative expenses¥2,052 million
Gross Profit Margin
Rate98.5%
Operating profit margin
Rate13.1%
Results for the three months of the current quarterQuarterly revenue trends show revenue of ¥1,117.4 million from the Financial Partner business and ¥67.6 million from the real estate sales business in the second quarter of the fiscal year ending March 2027. The standalone 3-month figures in the consolidated income statement are Not disclosed.
Full-year earnings forecast
Net Sales
¥5,096 million
Operating profit
¥480 million
Ordinary income
¥491 million
Profit attributable to owners of the parent
¥320 million
EPS
55.87 yen
ROE
8 %
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 Sales47.2%
Operating profit65.3%
Ordinary income64.2%
Interim net income attributable to owners of the parent58.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress against the full-year earnings forecast is on track. The decline in revenue from the Financial Partner business was already incorporated into the internal plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit growth drivers
Life insurance commissions-¥128 million
Cross-selling+¥53 million
Real Estate Development+¥35 million
Call Centers+¥11 million year on year
Innocent+¥16 million
Digital Services-¥1 million
Other SG&A expenses+¥45 million
Appointment-related-¥28 million
Personnel-related+¥44 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumptions include changes to the commission structure for single-premium life insurance, the sale of 1 property from the company's real estate holdings during the current fiscal year, expansion of the sales organization from the fiscal year ending March 2027 onward, and strengthened training systems and AI investment. Specific assumptions for foreign exchange rates, raw material prices and interest rates are Not disclosed.New initiatives
- Continued development of the AI agent system
- Development of a prototype alpha version of a life plan simulator powered by AI
- Begin production use of an AI tool for initial interviews
- Rollout of workplace services using Money EAP and Broccoli
- Expansion of shareholder benefits and change in the record date from the end of March to the end of January
- Introduce an interim dividend starting in the current fiscal year
Key KPIsA metric the company considers important as a management benchmark.
- Number of new consultations received13,870 HouseholdsYear on year against the same period last year-4.5%
- Cumulative number of elementary, junior high and high school students who have received financial education5,000 People
- Number of consultants in the online sales organization238 People at the end of the fiscal year ending March 2026
- 2-year persistency rate (regular-premium insurance)97.2 %
- 2-year persistency rate (single-premium insurance)99.1 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- ANP acquired per consultant33～49
- Number of consultants in the online sales organization238 people
Segment results
Financial Partners business
Net Sales
¥2,333 million-2.1%
Segment profit
¥308 million+2.8%
Real estate sales business
Net Sales
¥69 million+410.3%
Segment profit
¥4 million
Medium-term management plan targets
Fiscal year ending March 2030Revenue ¥6,858 million, operating profit ¥1,133 million, operating margin 17.0%, ROE 13.8%, market capitalization ¥10 billion
Financial targets
ROE
Forecast for the fiscal year ending March 20278.0%
Target, fiscal year ending March 203013.8%
Equity ratio69.2%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
The maximum negative revenue impact from the deferral of revenue from single-premium life insurance during the current fiscal year is approximately ¥400 million.Market Size / Share
Number of providers in Japan that can broker insurance, securities and home loans across all 3 areas11 operators
Number of employees
Number of Employees310 People at the end of September 2026, consolidated, excluding part-time employees
Changes and hiring plans during the periodFrom the fiscal year ending March 2027 onward, hire at least 40 people annually for the online sales organization
Annual Dividend
Forecast for the fiscal year ending March 2027
Annual dividend per share70 yen
Interim35 yen
End of period35 yen
Payout ratio
125% forecast for the fiscal year ending March 2027; the company aims for 100% for the 3 fiscal years ending March 2025 through March 2027| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥2,403 million (YoY +0.2%) |
| Operating profit | ¥313 million (YoY +12.2%) |
| Ordinary income | ¥317 million (YoY +9.7%) |
| Net income | ¥185 million (YoY +18.2%) |
| Gross Profit Margin | Rate 98.5% / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 13.1% / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | ¥2,052 million |
| Results for the three months of the current quarter | Quarterly revenue trends show revenue of ¥1,117.4 million from the Financial Partner business and ¥67.6 million from the real estate sales business in the second quarter of the fiscal year ending March 2027. The standalone 3-month figures in the consolidated income statement are Not disclosed. |
| Full-year earnings forecast | Net Sales ¥5,096 million / Operating profit ¥480 million / Ordinary income ¥491 million / Profit attributable to owners of the parent ¥320 million / EPS 55.87 yen / ROE 8 % |
| Progress against full-year forecast | Net Sales 47.2% / Operating profit 65.3% / Ordinary income 64.2% / Interim net income attributable to owners of the parent 58.0% |
| Self-assessment against the plan | Progress against the full-year earnings forecast is on track. The decline in revenue from the Financial Partner business was already incorporated into the internal plan. |
| Segment results | Financial Partners business Net Sales ¥2,333 million (YoY -2.1%) / Segment profit ¥308 million (YoY +2.8%) / Real estate sales business Net Sales ¥69 million (YoY +410.3%) / Segment profit ¥4 million |
| Breakdown of Factors Affecting the Change | Operating profit growth drivers Life insurance commissions -¥128 million / Cross-selling +¥53 million / Real Estate Development +¥35 million / Call Centers +¥11 million year on year / Innocent +¥16 million / Digital Services -¥1 million / Other SG&A expenses +¥45 million / Appointment-related -¥28 million / Personnel-related +¥44 million |
| Key KPIs | Indicator name Number of new consultations received / Value 13,870 Households / Year on year against the same period last year -4.5 Households, Indicator name Cumulative number of elementary, junior high and high school students who have received financial education / Value 5,000 People / Year on year against the same period last year Not disclosed, Indicator name Number of consultants in the online sales organization / Value 238 People (at the end of the fiscal year ending March 2026) / Year on year against the same period last year Not disclosed, Indicator name 2-year persistency rate (regular-premium insurance) / Value 97.2 % / Year on year against the same period last year Not disclosed, Indicator name 2-year persistency rate (single-premium insurance) / Value 99.1 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name ANP acquired per consultant / Value 33～49 / Year on year against the same period last year Not disclosed, Indicator name Number of consultants in the online sales organization / Value 238 people / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 310 People (at the end of September 2026, consolidated, excluding part-time employees) / Changes and hiring plans during the period From the fiscal year ending March 2027 onward, hire at least 40 people annually for the online sales organization |
| Assumptions Underlying the Business Outlook | The assumptions include changes to the commission structure for single-premium life insurance, the sale of 1 property from the company's real estate holdings during the current fiscal year, expansion of the sales organization from the fiscal year ending March 2027 onward, and strengthened training systems and AI investment. Specific assumptions for foreign exchange rates, raw material prices and interest rates are Not disclosed. |
| Risk amount incorporated into the outlook | The maximum negative revenue impact from the deferral of revenue from single-premium life insurance during the current fiscal year is approximately ¥400 million. |
| Medium-term management plan targets | Fiscal year ending March 2030 Revenue ¥6,858 million, operating profit ¥1,133 million, operating margin 17.0%, ROE 13.8%, market capitalization ¥10 billion |
| Financial targets | ROE Forecast for the fiscal year ending March 2027 8.0% / Target, fiscal year ending March 2030 13.8% / Equity ratio 69.2% |
| Annual Dividend | Forecast for the fiscal year ending March 2027 Annual dividend per share 70 yen / Interim 35 yen / End of period 35 yen |
| Payout ratio | 125% forecast for the fiscal year ending March 2027; the company aims for 100% for the 3 fiscal years ending March 2025 through March 2027 |
| Market Size / Share | Number of providers in Japan that can broker insurance, securities and home loans across all 3 areas 11 operators |
| New initiatives | Continued development of the AI agent system, Development of a prototype alpha version of a life plan simulator powered by AI, Begin production use of an AI tool for initial interviews, Rollout of workplace services using Money EAP and Broccoli, Expansion of shareholder benefits and change in the record date from the end of March to the end of January, Introduce an interim dividend starting in the current fiscal year |
Items this document does not state (5)
Number of stores and locationsAcquisition 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 changes to the commission structure for single-premium life insurance and the sale of the MoneyPro Shop business were factors behind the decline in revenue. However, revenue from the core online sales organization exceeded expectations, and the company also recorded sales of real estate. Selling, general and administrative expenses were kept under control through cost reductions and lower personnel costs, rent and depreciation resulting from the sale of the MoneyPro Shop 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.