Worth reading
48Recurring
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
35.5
Year-on-year change (revenue, %)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending December 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,097 million+35.5%
Operating profit¥294 million+6.0%
Ordinary income¥270 million+6.3%
Net income¥138 million-10.9%
Operating profit margin7.2 %-2.0%
Full-year earnings forecast
Net Sales
¥9,252 million
Operating profit
¥700 million
Adjusted operating profit
¥878 million
Ordinary income
¥528 million
Profit attributable to owners of the parent
¥286 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。
Net Sales44.3
Operating profit42
Adjusted operating profit43
Ordinary income51.1
Profit attributable to owners of the parent48.5
MHS business revenue46.1
MWS business revenue42.4
Other Businesses net sales46.6
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and profit both exceeded plan at the end of the period. Profit in the MWS business fell short of planNew initiatives
- Begin proposing return-to-work support services in collaboration with インクルード社
- Promote the use of AI for customer support and operational improvements
- Change the management structure of the MWS business and select higher-margin projects
- Revamp the upselling structure of the MHS business
Key KPIsA metric the company considers important as a management benchmark.
- MRR（ENT）¥166 millionYear on year against the same period last year+26.7%
- MRR（SMB）¥87 millionYear on year against the same period last year+13.0%
- NRR116.2 %Year on year against the same period last year+10.2%
- Average monthly churn rate (ENT)0.1 %Year on year against the same period last year-0.1%
- Average monthly churn rate (SMB)0.4 %Year on year against the same period last year0.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ENT
Number of contracted groups
252 Group+19.4%
Contract unit price
¥686 thousand/company+7.0%
SMB
Number of contracted companies
2,139 companies+10.7%
Contract unit price
¥47 thousand/company+4.4%
Segment results
- MHS businessNet Sales2,102Revenue unit¥ millionYear-on-year change in revenue44.9Profit631Profit unit¥ millionYear-on-year change in profit50.1
- MWS BusinessNet Sales1,939Revenue unit¥ millionYear-on-year change in revenue28.2Profit124Profit unit¥ millionYear-on-year change in profit-4.8
- Other BusinessesNet Sales55Revenue unit¥ millionYear-on-year change in revenue-7.5Profit0Profit unit¥ million
Medium-term management plan targets
The company plans to increase profitability from 2027 onward and transition to a management structure with multiple profit growth engines. Numerical targets are Not disclosedNumber of employees
1,659 people
As ofEnd of June 2026
Hiring planContinue recruiting high-skilled personnel, management staff and public health nurses for the MHS business, proposal and upselling staff for ENT customers, and administrative and sales personnel for the MWS business, among others
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥4,097 million (YoY +35.5%) |
| Operating profit | ¥294 million (YoY +6.0%) |
| Ordinary income | ¥270 million (YoY +6.3%) |
| Net income | ¥138 million (YoY -10.9%) |
| Operating profit margin | 7.2 % (YoY -2.0%) |
| Full-year earnings forecast | Net Sales ¥9,252 million / Operating profit ¥700 million / Adjusted operating profit ¥878 million / Ordinary income ¥528 million / Profit attributable to owners of the parent ¥286 million |
| Progress against full-year forecast | Net Sales 44.3 / Operating profit 42 / Adjusted operating profit 43 / Ordinary income 51.1 / Profit attributable to owners of the parent 48.5 / MHS business revenue 46.1 / MWS business revenue 42.4 / Other Businesses net sales 46.6 |
| Self-assessment against the plan | Revenue and profit both exceeded plan at the end of the period. Profit in the MWS business fell short of plan |
| Segment results | Segment MHS business / Net Sales 2,102 / Revenue unit ¥ million / Year-on-year change in revenue 44.9 / Profit 631 / Profit unit ¥ million / Year-on-year change in profit 50.1, Segment MWS Business / Net Sales 1,939 / Revenue unit ¥ million / Year-on-year change in revenue 28.2 / Profit 124 / Profit unit ¥ million / Year-on-year change in profit -4.8, Segment Other Businesses / Net Sales 55 / Revenue unit ¥ million / Year-on-year change in revenue -7.5 / Profit 0 / Profit unit ¥ million / Year-on-year change in profit Not disclosed |
| Key KPIs | Indicator name MRR（ENT） / Value ¥166 million / Year on year against the same period last year ¥26.7 million, Indicator name MRR（SMB） / Value ¥87 million / Year on year against the same period last year ¥13 million, Indicator name NRR / Value 116.2 % / Year on year against the same period last year 10.2 %, Indicator name Average monthly churn rate (ENT) / Value 0.1 % / Year on year against the same period last year -0.1 %, Indicator name Average monthly churn rate (SMB) / Value 0.4 % / Year on year against the same period last year 0 % |
| Unit price and quantity metrics | ENT Number of contracted groups 252 Group (YoY +19.4%) / Contract unit price ¥686 thousand/company (YoY +7.0%) / SMB Number of contracted companies 2,139 companies (YoY +10.7%) / Contract unit price ¥47 thousand/company (YoY +4.4%) |
| Number of employees | 1,659 people |
| Medium-term management plan targets | The company plans to increase profitability from 2027 onward and transition to a management structure with multiple profit growth engines. Numerical targets are Not disclosed |
| New initiatives | Begin proposing return-to-work support services in collaboration with インクルード社, Promote the use of AI for customer support and operational improvements, Change the management structure of the MWS business and select higher-margin projects, Revamp the upselling structure of the MHS business |
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.In the MHS business, growth in the occupational physician cloud service, new customer acquisitions and upselling among ENT customers, and the start of consolidation of インクルード社 contributed to higher revenue and profit. In the MWS business, revenue increased on orders for new projects, while margins declined due to upfront investments such as recruitment expenses and improved employee compensation, a rise in employee turnover, and an increase in low-margin and loss-making projects.
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.