Worth reading
66In 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
5.3
% (year-on-year growth in cumulative revenue for the first 3 quarters)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending October 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales5,312 million yen+5.3%
Operating profit964 million yen-18.3%
Ordinary income961 million yen-18.2%
Net income635 million yen-22.1%
Gross Profit Margin35.5 %
Operating profit margin18.1 %
Selling, general and administrative expenses928 million yen
Results for the three months of the current quarter
Revenue
1,751 million yen+2.9%
Operating profit
313 million yen-4.9%
Quarterly profit attributable to owners of the parent
206 million yen-2.9%
Full-year earnings forecast
Revenue
7,000 million yen
Operating profit
1,500 million yen
Profit for the period attributable to owners of the parent
980 million yen
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。
Revenue75.9
Operating profit64.3
Profit for the period attributable to owners of the parent64.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is broadly in line with the plan. The company aims to achieve its full-year forecast for profit.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Legal Media standard products-7 million yen
- Legal Media high-priced products-85 million yen
- Legal Alliance79 million yen
- HR4 million yen
- Legal Protect3 million yen
- Companywide-11 million yen
New initiatives
- Making customer acquisition and demand for legal consultations more visible through comprehensive partnership agreements and other arrangements with local governments
- Strengthening measures to address traffic originating from AI search
- Provision of the legal SaaS product LegalBase
- Provision of the individual-focused lawyer database ベンナビcrown
- Building direct-sales, agency and OEM sales channels for bonobo, LegalBase and ベンナビcrown
Key KPIsA metric the company considers important as a management benchmark.
- Legal Media revenue (cumulative 3 quarters)2,469 million yenYear-on-year (%)-12.5
- Legal Media listing slots (end of period)3,102 Framework
- Legal Alliance revenue (cumulative 3 quarters)2,513 million yenYear-on-year (%)29.9
- Legal Alliance inquiries (cumulative)108,503 Engagements
- Legal Protect revenue (cumulative 3 quarters)1,855 million yenYear-on-year (%)11.2
- Legal Protect contracts held58 Engagements
- HR revenue (cumulative 3 quarters)272 million yenYear-on-year (%)13.8
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Breakdowns such as listing slots × listing price, number of inquiries × price per inquiry, contracts held, and number of deals closed × price per deal closed are provided.Segment results
- Legal Media businessRevenue798Operating profit330Revenue year-on-year change (%)-20.6Operating profit year-on-year_pct-21.6
- Legal Alliance businessRevenue855Operating profit180Revenue year-on-year change (%)36.2Operating profit year-on-year_pct78.2
- Legal Protect businessRevenue21Operating profit-51Revenue year-on-year change (%)23.5Year-on-year operating profit growthImproved (¥3 million year-on-year)
- HR BusinessRevenue77Operating profit-8Revenue year-on-year change (%)45.3Year-on-year operating profit growthImproved (¥4 million year-on-year)
Medium-term management plan targets
- Target fiscal yearFiscal year ending October 2027Operating profitApproximately ¥2 billion
- Target fiscal yearFiscal year ending October 2030Revenue¥20 billionOperating profitApproximately ¥4.0 billion
Market Size / Share
The disclosure lists market sizes of approximately ¥10.1 trillion for human resources, ¥500 billion for accidents, ¥14 billion for IT network problems, and ¥8 trillion for the used housing market, along with other markets. The economic sphere related to BenNavi is worth several tens of trillions of yen based on transaction value.Capital expenditures
¥107 million acquisition of property, plant and equipment, cumulative 3 quarters
Annual Dividend
Annual¥65 per share
Interim¥24 per share
End of period¥41 per share
Payout ratio
Raised from the previous 30% to at least 40%. The total payout ratio is approximately 98%.Acquisition of treasury shares
Acquisition amount497.19
Unit: acquisition amountmillion yen
Number of shares acquired311,800
Acquisition periodFrom the date of the board resolution on 11 December 2025 through 30 June 2026
CancellationAll 311,800 shares were cancelled on 31 July 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending October 2026 |
| Net Sales | 5,312 million yen (YoY +5.3%) |
| Operating profit | 964 million yen (YoY -18.3%) |
| Ordinary income | 961 million yen (YoY -18.2%) |
| Net income | 635 million yen (YoY -22.1%) |
| Gross Profit Margin | 35.5 % |
| Operating profit margin | 18.1 % |
| Selling, general and administrative expenses | 928 million yen |
| Results for the three months of the current quarter | Revenue 1,751 million yen (YoY +2.9%) / Operating profit 313 million yen (YoY -4.9%) / Quarterly profit attributable to owners of the parent 206 million yen (YoY -2.9%) |
| Full-year earnings forecast | Revenue 7,000 million yen / Operating profit 1,500 million yen / Profit for the period attributable to owners of the parent 980 million yen |
| Progress against full-year forecast | Revenue 75.9 / Operating profit 64.3 / Profit for the period attributable to owners of the parent 64.8 |
| Self-assessment against the plan | Revenue is broadly in line with the plan. The company aims to achieve its full-year forecast for profit. |
| Segment results | Segment Legal Media business / Revenue 798 / Operating profit 330 / Revenue year-on-year change (%) -20.6 / Operating profit year-on-year_pct -21.6, Segment Legal Alliance business / Revenue 855 / Operating profit 180 / Revenue year-on-year change (%) 36.2 / Operating profit year-on-year_pct 78.2, Segment Legal Protect business / Revenue 21 / Operating profit -51 / Revenue year-on-year change (%) 23.5 / Year-on-year operating profit growth Improved (¥3 million year-on-year), Segment HR Business / Revenue 77 / Operating profit -8 / Revenue year-on-year change (%) 45.3 / Year-on-year operating profit growth Improved (¥4 million year-on-year) |
| Breakdown of Factors Affecting the Change | Factors Legal Media standard products / Amount -7 million yen, Factors Legal Media high-priced products / Amount -85 million yen, Factors Legal Alliance / Amount 79 million yen, Factors HR / Amount 4 million yen, Factors Legal Protect / Amount 3 million yen, Factors Companywide / Amount -11 million yen |
| Key KPIs | Indicator Legal Media revenue (cumulative 3 quarters) / Value 2,469 million yen / Year-on-year (%) -12.5 million yen, Indicator Legal Media listing slots (end of period) / Value 3,102 Framework / Year on year against the same period last year Not disclosed, Indicator Legal Alliance revenue (cumulative 3 quarters) / Value 2,513 million yen / Year-on-year (%) 29.9 million yen, Indicator Legal Alliance inquiries (cumulative) / Value 108,503 Engagements / Year on year against the same period last year Not disclosed, Indicator Legal Protect revenue (cumulative 3 quarters) / Value 1,855 million yen / Year-on-year (%) 11.2 million yen, Indicator Legal Protect contracts held / Value 58 Engagements / Year on year against the same period last year Not disclosed, Indicator HR revenue (cumulative 3 quarters) / Value 272 million yen / Year-on-year (%) 13.8 million yen |
| Unit price and quantity metrics | Breakdowns such as listing slots × listing price, number of inquiries × price per inquiry, contracts held, and number of deals closed × price per deal closed are provided. |
| Medium-term management plan targets | Target fiscal year Fiscal year ending October 2027 / Operating profit Approximately ¥2 billion, Target fiscal year Fiscal year ending October 2030 / Revenue ¥20 billion / Operating profit Approximately ¥4.0 billion |
| Annual Dividend | Annual ¥65 per share / Interim ¥24 per share / End of period ¥41 per share |
| Payout ratio | Raised from the previous 30% to at least 40%. The total payout ratio is approximately 98%. |
| Acquisition of treasury shares | Acquisition amount 497.19 / Unit: acquisition amount million yen / Number of shares acquired 311,800 / Acquisition period From the date of the board resolution on 11 December 2025 through 30 June 2026 / Cancellation All 311,800 shares were cancelled on 31 July 2026 |
| Capital expenditures | ¥107 million (acquisition of property, plant and equipment, cumulative 3 quarters) |
| Market Size / Share | The disclosure lists market sizes of approximately ¥10.1 trillion for human resources, ¥500 billion for accidents, ¥14 billion for IT network problems, and ¥8 trillion for the used housing market, along with other markets. The economic sphere related to BenNavi is worth several tens of trillions of yen based on transaction value. |
| New initiatives | Making customer acquisition and demand for legal consultations more visible through comprehensive partnership agreements and other arrangements with local governments, Strengthening measures to address traffic originating from AI search, Provision of the legal SaaS product LegalBase, Provision of the individual-focused lawyer database ベンナビcrown, Building direct-sales, agency and OEM sales channels for bonobo, LegalBase and ベンナビcrown |
Items this document does not state (7)
Number of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsOrders 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.Revenue increased on strong performance in the Legal Alliance business and growth in standard products in the Legal Media business. Meanwhile, profit declined due to investments for growth from FY2027 onward, adjustments to high-priced products in the Legal Media business, and higher company-wide expenses.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.