Worth reading
54Recurring
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
150.3
Year-on-year change (revenue, %)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales12,628 Millions of yen+150.3%
Operating profit2,538 Millions of yen+145.0%
Net income1,287 Millions of yen +129.3%profit for the quarter attributable to owners of the parent
Results for the three months of the current quarter
Revenue
Year on year against the same period last year+139.0%
Operating profit
Year on year against the same period last year+147.0%
Full-year earnings forecast
Revenue
14,500 Millions of yen
Operating profit
3,300 Millions of yen
Profit before tax
3,000 Millions of yen
Profit for the period attributable to owners of the parent
1,900 Millions of 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。
Revenue87.1
Operating profit76.9
Profit before tax75.5
Quarterly profit attributable to owners of the parent67.8
Marketing & School Segment Revenue85.5
AI & Technology Segment Revenue89
Business profit75.9
Marketing & School Segment Operating Profit77.2
AI & Technology Segment Operating Profit73.9
Common costs71.2
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing in line with expectations and smoothly against the full-year forecastKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Business growth: Cumulative third-quarter revenue was 150.3% of the year-earlier level, while operating profit was 145.0%.
- Earnings forecast: Progress was 87.1% for revenue and 76.9% for operating profit, in line with expectations at this point.
- Profit attributable to owners of the parent: Progress is slightly behind schedule due to profit attributable to non-controlling interests, but improvement is expected in the fourth quarter.
- AI & Technology segment: Upfront investment in product development, an FDE support structure and marketing to expand sales.
- Finances: Confirmed goodwill is expected to be recovered in approximately 3 to 3.2 years based on the most recent EBITDA level.
- Interest rates: The company explained that even if interest rates doubled, it could maintain profitability, with a WACC of 5.8% and ROIC of approximately 11%.
- M&A: The company will continue its policy of targeting growing profitable companies, primarily financed through bank borrowings.
- Shareholder returns: Growth investment will be prioritized, while share buybacks will be considered in light of funding needs and other factors.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Higher Interest Rate Case
Cost of Debt2.8 %
WACC5.8 %
WACC_unit%
Current status
Average Interest Rate1.4 %
WACC4.8 %
WACC_unit%
ROICApproximately 11%
New initiatives
- Integrated support for customer acquisition, recruitment, development and AI implementation for the real estate industry
- Expand AI reskilling from individuals to corporations and local governments
- Rollout of AI-related services, including AI optimization portals
- Began providing security support in the financial services and payments sectors
- Upfront investment in product development, building an FDE support structure and marketing to expand sales in the AI & Technology segment
- Held a DX hackathon in Sera Town, Hiroshima Prefecture
Key KPIsA metric the company considers important as a management benchmark.
- Number of real estate industry customersApproximately 2.5 times year-earlier level
- Cumulative number of participants>40,000 members
- AI training and reskilling support for corporations10 or more companies
- AI search optimization support (listed on the AI portal)800 or more companies
- Number of group companies19 companies
- Number of recurring clients2,500 or more companies
- Cumulative number of people receiving educational support40,000 or more people
Segment results
Marketing & School segment
Revenue6,682
Revenue_unitMillions of yen
Business profit1,852
Operating profit_unitMillions of yen
AI and Technology area
Revenue5,946
Revenue_unitMillions of yen
Business profit1,219
Operating profit_unitMillions of yen
Common costs
-533 Millions of yen
Financial targets
Adjusted equity ratio
36.3 %
Equity ratio
30.2 %
ROIC
11 Approximately %
WACC
4.8 %
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¥0.35 trillion
2030¥0.61 trillion
Growth Rate70%
Number of employees
Number of EmployeesApproximately 900 people (including officers, employees and temporary employees)
As ofEnd of September 2026
Acquisition of treasury shares
Implemented multiple times in the past. The company will continue to consider further purchases as appropriate, taking into account the share price level, funding needs and other factors.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | 12,628 Millions of yen (YoY +150.3%) |
| Operating profit | 2,538 Millions of yen (YoY +145.0%) |
| Net income | 1,287 Millions of yen (profit for the quarter attributable to owners of the parent) (YoY +129.3%) |
| Results for the three months of the current quarter | Revenue yoy_pct 139 YoY, approx. % / Operating profit yoy_pct 147 YoY, approx. % |
| Full-year earnings forecast | Revenue 14,500 Millions of yen / Operating profit 3,300 Millions of yen / Profit before tax 3,000 Millions of yen / Profit for the period attributable to owners of the parent 1,900 Millions of yen |
| Progress against full-year forecast | Revenue 87.1 / Operating profit 76.9 / Profit before tax 75.5 / Quarterly profit attributable to owners of the parent 67.8 / Marketing & School Segment Revenue 85.5 / AI & Technology Segment Revenue 89 / Business profit 75.9 / Marketing & School Segment Operating Profit 77.2 / AI & Technology Segment Operating Profit 73.9 / Common costs 71.2 |
| Self-assessment against the plan | Progressing in line with expectations and smoothly against the full-year forecast |
| Segment results | Marketing & School segment Revenue 6,682 / Revenue_unit Millions of yen / Business profit 1,852 / Operating profit_unit Millions of yen / AI and Technology area Revenue 5,946 / Revenue_unit Millions of yen / Business profit 1,219 / Operating profit_unit Millions of yen / Common costs -533 Millions of yen |
| Key KPIs | Indicator name Number of real estate industry customers / Value Approximately 2.5 times year-earlier level / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of participants / Value >40,000 members / Year on year against the same period last year Not disclosed, Indicator name AI training and reskilling support for corporations / Value 10 or more companies / Year on year against the same period last year Not disclosed, Indicator name AI search optimization support (listed on the AI portal) / Value 800 or more companies / Year on year against the same period last year Not disclosed, Indicator name Number of group companies / Value 19 companies / Year on year against the same period last year Not disclosed, Indicator name Number of recurring clients / Value 2,500 or more companies / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of people receiving educational support / Value 40,000 or more people / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees Approximately 900 people (including officers, employees and temporary employees) / As of End of September 2026 / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Higher Interest Rate Case Cost of Debt 2.8 % / WACC 5.8 % / WACC_unit % / Current status Average Interest Rate 1.4 % / WACC 4.8 % / WACC_unit % / ROIC Approximately 11% |
| Financial targets | Adjusted equity ratio 36.3 % / Equity ratio 30.2 % / ROIC 11 Approximately % / WACC 4.8 % |
| Acquisition of treasury shares | Implemented multiple times in the past. The company will continue to consider further purchases as appropriate, taking into account the share price level, funding needs and other factors. |
| Market Size / Share | IT 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 ¥0.35 trillion / 2030 ¥0.61 trillion / Growth Rate 70% |
| Key points of the Q&A | Business growth: Cumulative third-quarter revenue was 150.3% of the year-earlier level, while operating profit was 145.0%., Earnings forecast: Progress was 87.1% for revenue and 76.9% for operating profit, in line with expectations at this point., Profit attributable to owners of the parent: Progress is slightly behind schedule due to profit attributable to non-controlling interests, but improvement is expected in the fourth quarter., AI & Technology segment: Upfront investment in product development, an FDE support structure and marketing to expand sales., Finances: Confirmed goodwill is expected to be recovered in approximately 3 to 3.2 years based on the most recent EBITDA level., Interest rates: The company explained that even if interest rates doubled, it could maintain profitability, with a WACC of 5.8% and ROIC of approximately 11%., M&A: The company will continue its policy of targeting growing profitable companies, primarily financed through bank borrowings., Shareholder returns: Growth investment will be prioritized, while share buybacks will be considered in light of funding needs and other factors. |
| New initiatives | Integrated support for customer acquisition, recruitment, development and AI implementation for the real estate industry, Expand AI reskilling from individuals to corporations and local governments, Rollout of AI-related services, including AI optimization portals, Began providing security support in the financial services and payments sectors, Upfront investment in product development, building an FDE support structure and marketing to expand sales in the AI & Technology segment, Held a DX hackathon in Sera Town, Hiroshima Prefecture |
Items this document does not state (13)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk 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.The Marketing & School segment remained solid, while revenue also grew in the AI & Technology segment despite continued upfront investment. The company also indicated that it is expanding solutions for the real estate industry, capturing demand for AI and reskilling, and has begun providing security support in the financial services and payments sectors.
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.