Komori
Presentation materials for financial results9211f-code Inc.Information and Communications, Services and Others

Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ended December 2025

For the nine months ended September, revenue was ¥8.40 billion and operating profit was ¥1.81 billion, both substantially higher than in the prior-year period, setting new quarterly records for revenue and operating profit. Accordingly, the full-year earnings forecast for the fiscal year ending December 2025 was raised to revenue of ¥11.5 billion and operating profit of ¥2.3 billion.

Worth reading
73In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
15
%（売上収益の通期予想上方修正率）
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsThird quarter of the fiscal year ended December 20259 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,402 million+273.0%
Operating profit¥1,811 million+191.5%
Net income1,035 Millions of yen +189.3%profit for the quarter attributable to owners of the parent
Results for the three months of the current quarter
EBITDA
6.8 Hundreds of millions of yen
Full-year earnings forecast
Revenue
¥11,500 million
Operating profit
¥2,300 million
Income before taxes
¥2,100 million
Profit for the period attributable to owners of the parent
¥1,300 million
EPS
¥106.2
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。
Consolidated
Revenue73.1%
Operating profit78.8%
Income before taxes80.0%
Profit for the period attributable to owners of the parent79.7%
事業領域別
Revenue73.1%
Marketing領域売上収益73.1%
AI・Technology領域売上収益73.0%
Business profit76.6%
Marketing領域事業利益74.7%
AI・Technology領域事業利益80.8%
Common costs68.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
修正後の業績予想計画に対しても十分達成可能な水準で進捗
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
  1. 中期経営計画を発表した理由上場後の成長を踏まえ、株主・投資家の期待に応えるため。
  2. 通期予想を上方修正した背景DX・AI人材教育、グループ各社の成長、クロスセルが想定を上回ったため。
  3. グループの強みMarketingとAI・Technologyの専門家をそろえ、戦略から実行まで一気通貫で支援できること。
  4. M&A後の統制経営管理部やPMI・バリューアップチームが対応し、統制された状態を維持している。
  5. 今後のM&Aと資金面黒字成長企業を対象にM&Aを継続し、当面のM&A予算もある。
  6. のれんの安全性確定分と業績進捗に応じて確定する未確定分に分かれ、リスクを管理している。
  7. プライム市場への変更検討を継続しているが、市場替えの有無や時期は未定。
  8. 生成AIの活用開発、営業、コンサルティング、教育研修、顧客向けツールなどで活用している。
New initiatives
  • AI専門メディア『Aibrary』のリリース
  • AIを活用したマーケティング成果ダッシュボード構築サービスのリリース
  • AIを活用した開発生産性指標『Four Keys』の計測ツール開発・運用
  • 既存プロダクトへのLINE通知メッセージAPI、LINEクーポン送信機能API対応、『awoo AI』連携
  • Real us社によるキャリアアップスクール事業の講座・制作機能の譲受
  • グループ会社起点のロールアップM&Aの継続
  • PMI・バリューアップチームへの経営経験豊かな人材の参画
Key KPIsA metric the company considers important as a management benchmark.
  • 継続取引顧客数2,000 companies or more
  • 継続型売上比率85 %
  • Number of group companies15 companies
  • Number of employees850 People, approximately
  • M&A Track Record22 Engagements
  • M&A opportunities under consideration225 件2025年下期見込
  • Net Debt／翌期EBITDA1.8 times
Segment results
Marketing領域
Revenue
¥4,882 million
Business profit
¥1,531 million
AI and Technology area
Revenue
¥3,520 million
Business profit
¥727 million
Medium-term management plan targets
Target fiscal yearFY2027.12
Net Sales
¥150 100 million or more
Operating profit
¥50 100 million or more
Operating profit growth年50%以上の継続
Comparison with actual results2024年12月期実績は売上高51億円、営業利益14億円
Financial targets
Net Debt／翌期EBITDA2.5倍以内を目安
Actual results2025年12月期第3四半期時点で1.85倍（直近EBITDAベース）
Adjusted equity ratio30.2%
Market Size / Share
デジタル広告宣伝市場
¥4.6 trillion 2030
業務システムDX市場
¥8.4 trillion 2030
Generative AI market
¥1.7 trillion 2030
Number of employees
Number of Employees850 People, approximately
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredThird quarter of the fiscal year ended December 2025
Net Sales¥8,402 million (YoY +273.0%)
Operating profit¥1,811 million (YoY +191.5%)
Net income1,035 Millions of yen (profit for the quarter attributable to owners of the parent) (YoY +189.3%)
Results for the three months of the current quarterEBITDA 6.8 Hundreds of millions of yen
Full-year earnings forecastRevenue ¥11,500 million / Operating profit ¥2,300 million / Income before taxes ¥2,100 million / Profit for the period attributable to owners of the parent ¥1,300 million / EPS ¥106.2
Progress against full-year forecastConsolidated Revenue 73.1% / Operating profit 78.8% / Income before taxes 80.0% / Profit for the period attributable to owners of the parent 79.7% / 事業領域別 Revenue 73.1% / Marketing領域売上収益 73.1% / AI・Technology領域売上収益 73.0% / Business profit 76.6% / Marketing領域事業利益 74.7% / AI・Technology領域事業利益 80.8% / Common costs 68.7%
Self-assessment against the plan修正後の業績予想計画に対しても十分達成可能な水準で進捗
Segment resultsMarketing領域 Revenue ¥4,882 million / Business profit ¥1,531 million / Year on year against the same period last year Not disclosed / AI and Technology area Revenue ¥3,520 million / Business profit ¥727 million / Year on year against the same period last year Not disclosed
Key KPIsIndicator name 継続取引顧客数 / Value 2,000 companies or more / Year on year against the same period last year Not disclosed, Indicator name 継続型売上比率 / Value 85 % / Year on year against the same period last year Not disclosed, Indicator name Number of group companies / Value 15 companies / Year on year against the same period last year Not disclosed, Indicator name Number of employees / Value 850 People, approximately / Year on year against the same period last year Not disclosed, Indicator name M&A Track Record / Value 22 Engagements / Year on year against the same period last year Not disclosed, Indicator name M&A opportunities under consideration / Value 225 件（2025年下期見込） / Year on year against the same period last year Not disclosed, Indicator name Net Debt／翌期EBITDA / Value 1.8 times / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 850 People, approximately / Changes during the period and hiring plan Not disclosed
Medium-term management plan targetsTarget fiscal year FY2027.12 / Net Sales ¥150 100 million or more / Operating profit ¥50 100 million or more / Operating profit growth 年50%以上の継続 / Comparison with actual results 2024年12月期実績は売上高51億円、営業利益14億円
Financial targetsNet Debt／翌期EBITDA 2.5倍以内を目安 / Actual results 2025年12月期第3四半期時点で1.85倍（直近EBITDAベース） / Adjusted equity ratio 30.2%
Market Size / Shareデジタル広告宣伝市場 ¥4.6 trillion (2030) / 業務システムDX市場 ¥8.4 trillion (2030) / Generative AI market ¥1.7 trillion (2030) / Share Not disclosed
Key points of the Q&A中期経営計画を発表した理由：上場後の成長を踏まえ、株主・投資家の期待に応えるため。, 通期予想を上方修正した背景：DX・AI人材教育、グループ各社の成長、クロスセルが想定を上回ったため。, グループの強み：MarketingとAI・Technologyの専門家をそろえ、戦略から実行まで一気通貫で支援できること。, M&A後の統制：経営管理部やPMI・バリューアップチームが対応し、統制された状態を維持している。, 今後のM&Aと資金面：黒字成長企業を対象にM&Aを継続し、当面のM&A予算もある。, のれんの安全性：確定分と業績進捗に応じて確定する未確定分に分かれ、リスクを管理している。, プライム市場への変更：検討を継続しているが、市場替えの有無や時期は未定。, 生成AIの活用：開発、営業、コンサルティング、教育研修、顧客向けツールなどで活用している。
New initiativesAI専門メディア『Aibrary』のリリース, AIを活用したマーケティング成果ダッシュボード構築サービスのリリース, AIを活用した開発生産性指標『Four Keys』の計測ツール開発・運用, 既存プロダクトへのLINE通知メッセージAPI、LINEクーポン送信機能API対応、『awoo AI』連携, Real us社によるキャリアアップスクール事業の講座・制作機能の譲受, グループ会社起点のロールアップM&Aの継続, PMI・バリューアップチームへの経営経験豊かな人材の参画
Items this document does not state (14)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.

DX・AI人材教育領域の拡大、グループ各社の成長、クロスセルによる収益拡大が想定を上回ったため。修正後の予想には、来期に向けた成長投資、PMI、グループ管理コストを織り込んでいる。

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.
Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ended December 2025 | f-code Inc. (9211) timely disclosure | Komori