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Financial results presentation9211f-code Inc.Information and Communications, Services and Others

Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026

In the second quarter of the fiscal year ending December 2026, revenue was ¥8.20 billion and operating profit was ¥1.64 billion, both exceeding the prior-year period. The company increased investment in AI and human resources as growth investments, and completed 4 M&A transactions totaling more than approximately ¥1.6 billion in the first half.

Worth reading
56In 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
8200
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,200 million+157.3%
Operating profit¥1,646 million+141.6%
Ordinary income¥1,462 million+135.7%
Net income¥860 million+135.3%
Full-year earnings forecast
Revenue
¥14,500 million
Operating profit
¥3,300 million
Income before taxes
¥3,000 million
Profit for the period attributable to owners of the parent
¥1,900 million
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。
Revenue56.6%
Operating profit49.9%
Income before taxes48.8%
Profit for the period attributable to owners of the parent45.3%
Marketing & School segment revenue62.8%
AI and Technology area revenue49.2%
Marketing & School segment business profit59.8%
AI and Technology area business profit35.0%
Common costs48.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is progressing steadily. Operating profit is progressing as expected, with the company assuming a progress rate of approximately 50%.
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
  1. Issues Shareholder Returns / Answer Achieving the medium-term management plan is the top priority, and share repurchases will be considered in a timely and appropriate manner
  2. Issues Continuation of M&A and funding / Answer The company will continue M&A as a growth strategy and intends to accelerate the pace, as it has sufficient budget for the foreseeable future
  3. Issues Goodwill safety / Answer Goodwill is managed separately as finalized and unfinalized goodwill, allowing the company to control the associated risks
  4. Issues Transfer to the Prime Market / Answer The policy and timing have not been determined, and the transfer continues to be considered as an option
  5. Issues Generative AI / Answer Expand use internally and externally, including development, sales, and training and tool provision for customers
  6. Issues Concern over AI replacing SaaS / Answer SaaS accounts for less than 10% of profit, and the company recognizes that the impact will be limited
New initiatives
  • Completed 4 M&A transactions in the first half
  • Develop, launch and expand sales of AI-related products and services
  • Launched SaaS provision of the accounting support tools Furikomi-kun and Shiwake-kun
  • Launched Decklin, an AI tool for automatically creating presentation materials
  • Launched a corporate training package for the practical use of generative AI
  • Develop a vertical roll-up targeting the real estate industry
Key KPIsA metric the company considers important as a management benchmark.
  • Number of recurring clients2,500 companies or more
  • Cumulative number of people receiving educational support40,000 At least people
  • M&A opportunities under consideration294 Engagements
  • Number of Ai Comp. IDs provided10,000 IDs+
  • Monthly increase in Ai Comp. IDs2,000 IDs or more
  • Number of companies listed on LLPORT196 companies
  • Number of major LLM families supported6 Category
  • Usage rate for information gathering using generative AI51%
Segment results
Marketing & School segment
Revenue
¥4,912 million
Business profit
¥1,433 million
AI and Technology area
Revenue
¥3,287 million
Business profit
¥576 million
Common costs
¥-364 million
Financial targets
Adjusted equity ratio33.8%
Equity ratio28.0%
ROICApproximately 11%
Market Size / Share
IT services market
2024¥7.0 trillion
2029¥9.7 trillion
Growth rate38%
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 specialist personnel for M&A and PMI, corporate functions, and other areas
Acquisition of treasury shares
To be considered in a timely and appropriate manner. The acquisition limit, number of shares and period are not disclosed
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥8,200 million (YoY +157.3%)
Operating profit¥1,646 million (YoY +141.6%)
Ordinary income¥1,462 million (YoY +135.7%)
Net income¥860 million (YoY +135.3%)
Full-year earnings forecastRevenue ¥14,500 million / Operating profit ¥3,300 million / Income before taxes ¥3,000 million / Profit for the period attributable to owners of the parent ¥1,900 million
Progress against full-year forecastRevenue 56.6% / Operating profit 49.9% / Income before taxes 48.8% / Profit for the period attributable to owners of the parent 45.3% / Marketing & School segment revenue 62.8% / AI and Technology area revenue 49.2% / Marketing & School segment business profit 59.8% / AI and Technology area business profit 35.0% / Common costs 48.6%
Self-assessment against the planRevenue is progressing steadily. Operating profit is progressing as expected, with the company assuming a progress rate of approximately 50%.
Segment resultsMarketing & School segment Revenue ¥4,912 million / Business profit ¥1,433 million / AI and Technology area Revenue ¥3,287 million / Business profit ¥576 million / Common costs ¥-364 million
Key KPIs2,500 companies or more, 40,000 At least people, 294 Engagements, 10,000 IDs+, 2,000 IDs or more, 196 companies, 6 Category, 51%
Number of employees900 People, approximately
Financial targetsAdjusted equity ratio 33.8% / Equity ratio 28.0% / ROIC Approximately 11%
Acquisition of treasury sharesTo be considered in a timely and appropriate manner. The acquisition limit, number of shares and period are not disclosed
Market Size / ShareIT services market 2024 ¥7.0 trillion / 2029 ¥9.7 trillion / Growth rate 38% / 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&AIssues Shareholder Returns / Answer Achieving the medium-term management plan is the top priority, and share repurchases will be considered in a timely and appropriate manner, Issues Continuation of M&A and funding / Answer The company will continue M&A as a growth strategy and intends to accelerate the pace, as it has sufficient budget for the foreseeable future, Issues Goodwill safety / Answer Goodwill is managed separately as finalized and unfinalized goodwill, allowing the company to control the associated risks, Issues Transfer to the Prime Market / Answer The policy and timing have not been determined, and the transfer continues to be considered as an option, Issues Generative AI / Answer Expand use internally and externally, including development, sales, and training and tool provision for customers, Issues Concern over AI replacing SaaS / Answer SaaS accounts for less than 10% of profit, and the company recognizes that the impact will be limited
New initiativesCompleted 4 M&A transactions in the first half, Develop, launch and expand sales of AI-related products and services, Launched SaaS provision of the accounting support tools Furikomi-kun and Shiwake-kun, Launched Decklin, an AI tool for automatically creating presentation materials, Launched a corporate training package for the practical use of generative AI, Develop a vertical roll-up targeting the real estate industry
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual 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.

Growth in existing businesses, expanded cross-selling and synergies, and business expansion through M&A were cited as the factors behind the increases in revenue and profit. In the AI & Technology segment, the company is also making upfront investments in the development and expanded sales of AI-related products.

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Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026 | f-code Inc. (9211) timely disclosure | Komori