Worth reading
71In 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
3904
million yenWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,904 million yen+161.6%
Operating profit785 million yen+138.6%
Net income460 million yen+143.7%
Results for the three months of the current quarter
Revenue
3,904 million yen
Operating profit
785 million yen
Income before taxes
742 million yen
Profit for the period attributable to owners of the parent
460 million yen
Full-year earnings forecast
Revenue
14,500 million yen
Operating profit
3,300 million yen
Income before taxes
3,000 million yen
Profit for the period attributable to owners of the parent
1,900 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。
Revenue26.9%
Operating profit23.8%
Income before taxes24.7%
Profit for the period attributable to owners of the parent24.3%
Marketing & School area revenue29.4%
AI and Technology area revenue25.4%
Business profit23.9%
Marketing & School area business profit27.1%
AI and Technology area business profit19.3%
Common costs24.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress within expectationsKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Shareholder returns will remain secondary to achieving the medium-term management plan, and share repurchases will be considered in a timely and appropriate manner.
- M&A will continue to be pursued as a growth strategy, using bank borrowings.
- Following M&A, a dedicated PMI department and the corporate management department will support control and operations.
- The timing of a transfer to the Prime Market has not been decided and will continue to be considered.
- SaaS services account for less than 10% of profit.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increment from business growth
916 million yen
Full-year contribution from prior-year M&A transactions; year-on-year comparison
207 million yen
Increase in head office costs
97 million yen
Increase in profit for the fiscal year ending December 2026
1,025 million yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Existing business growth rate15%
Higher borrowing rate case2.80%
M&A investment payback periodWithin 5 years
New initiatives
- Acquisition of 85% of Roombox, at an acquisition price of approximately ¥430 million
- Launch of an AI-powered learning support tool
- Partnership agreement with インフキュリオン covering app development and payment services
- Expansion of Ai Comp. provision
- Increase in the employee stock ownership plan incentive rate from 20% to 30% and the monthly contribution limit from ¥100,000 to ¥300,000
Key KPIsA metric the company considers important as a management benchmark.
- Number of Ai Comp. IDs provided5,000 ID
- Monthly increase in Ai Comp. IDs1,000 IDs/monthYear on year against the same period last yearIncreased
- Cumulative number of school participants40,000 peopleYear on year against the same period last yearIncreased
- Number of recurring clients2,500 companies or more
- M&A opportunities under consideration287 EngagementsYear on year against the same period last yearIncreased
- Monthly increase in budget¥1,000 10,000 or more/month
Segment results
Marketing & School area
Revenue
2,297 million yen
Business profit
650 million yen
Progress toward full-year forecastRevenue 29.4%; business profit 27.1%
AI and Technology area
Revenue
1,695 million yen
Business profit
317 million yen
Progress toward full-year forecastRevenue 25.4%; business profit 19.3%
Medium-term management plan targets
Plan nameFCODE plan 2027
Target fiscal yearFY2027.12
Net Sales
¥15,000 million or more
Operating profit
¥5,000 million or more
Operating income CAGR50% or higher
Financial targets
ROIC
11 Approximately %
Adjusted equity ratio
30.8 %
Actual value30.8
Equity ratio
25.3 %
Actual value25.3
Market Size / Share
IT services market
2024¥7.0 trillion
2029¥9.7 trillion
Growth rate60%
Digital marketing market
2024¥0.4 trillion
2028¥600 billion
Growth rate70%
Generative AI market
2024¥1.5 trillion
2028¥2.8 trillion
Growth rate90%
Online education market
2025¥0.4 trillion
2030¥600 billion
Growth rate70%
Number of employees
900 People, approximately
Hiring planContinue recruiting and assigning specialists in M&A, PMI/value enhancement, human resources and general affairs, finance and accounting, and internal control.
Acquisition of treasury shares
The company stated that it will consider share repurchases in a timely and appropriate manner. The repurchase limit, number of shares and period are Not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | 3,904 million yen (YoY +161.6%) |
| Operating profit | 785 million yen (YoY +138.6%) |
| Net income | 460 million yen (YoY +143.7%) |
| Results for the three months of the current quarter | Revenue 3,904 million yen / Operating profit 785 million yen / Income before taxes 742 million yen / Profit for the period attributable to owners of the parent 460 million yen |
| Full-year earnings forecast | Revenue 14,500 million yen / Operating profit 3,300 million yen / Income before taxes 3,000 million yen / Profit for the period attributable to owners of the parent 1,900 million yen |
| Progress against full-year forecast | Revenue 26.9% / Operating profit 23.8% / Income before taxes 24.7% / Profit for the period attributable to owners of the parent 24.3% / Marketing & School area revenue 29.4% / AI and Technology area revenue 25.4% / Business profit 23.9% / Marketing & School area business profit 27.1% / AI and Technology area business profit 19.3% / Common costs 24.3% |
| Self-assessment against the plan | Progress within expectations |
| Segment results | Marketing & School area Revenue 2,297 million yen / Business profit 650 million yen / Progress toward full-year forecast Revenue 29.4%; business profit 27.1% / AI and Technology area Revenue 1,695 million yen / Business profit 317 million yen / Progress toward full-year forecast Revenue 25.4%; business profit 19.3% |
| Breakdown of Factors Affecting the Change | Increment from business growth 916 million yen / Full-year contribution from prior-year M&A transactions; year-on-year comparison 207 million yen / Increase in head office costs 97 million yen / Increase in profit for the fiscal year ending December 2026 1,025 million yen |
| Key KPIs | Number of Ai Comp. IDs provided 5,000 ID, Monthly increase in Ai Comp. IDs 1,000 IDs/month, Cumulative number of school participants 40,000 people, Number of recurring clients 2,500 companies or more, M&A opportunities under consideration 287 Engagements, Monthly increase in budget ¥1,000 10,000 or more/month |
| Number of employees | 900 People, approximately |
| Assumptions Underlying the Business Outlook | Existing business growth rate 15% / Higher borrowing rate case 2.80% / M&A investment payback period Within 5 years |
| Medium-term management plan targets | Plan name FCODE plan 2027 / Target fiscal year FY2027.12 / Net Sales ¥15,000 million or more / Operating profit ¥5,000 million or more / Operating income CAGR 50% or higher |
| Financial targets | ROIC 11 Approximately % / Adjusted equity ratio 30.8 % / Equity ratio 25.3 % |
| Acquisition of treasury shares | The company stated that it will consider share repurchases in a timely and appropriate manner. The repurchase limit, number of shares and period are Not disclosed. |
| Market Size / Share | IT services market 2024 ¥7.0 trillion / 2029 ¥9.7 trillion / Growth rate 60% / Digital marketing market 2024 ¥0.4 trillion / 2028 ¥600 billion / Growth rate 70% / Generative AI market 2024 ¥1.5 trillion / 2028 ¥2.8 trillion / Growth rate 90% / Online education market 2025 ¥0.4 trillion / 2030 ¥600 billion / Growth rate 70% |
| Key points of the Q&A | Shareholder returns will remain secondary to achieving the medium-term management plan, and share repurchases will be considered in a timely and appropriate manner., M&A will continue to be pursued as a growth strategy, using bank borrowings., Following M&A, a dedicated PMI department and the corporate management department will support control and operations., The timing of a transfer to the Prime Market has not been decided and will continue to be considered., SaaS services account for less than 10% of profit. |
| New initiatives | Acquisition of 85% of Roombox, at an acquisition price of approximately ¥430 million, Launch of an AI-powered learning support tool, Partnership agreement with インフキュリオン covering app development and payment services, Expansion of Ai Comp. provision, Increase in the employee stock ownership plan incentive rate from 20% to 30% and the monthly contribution limit from ¥100,000 to ¥300,000 |
Items this document does not state (11)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendPayout ratioCapital 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.The company cites growth in existing businesses, expanded cross-selling and synergies, and profit contributions from M&A. It is also making upfront investments to expand sales of core products in the AI and Technology area.
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.