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Financial results presentation9233Asia Air Survey Co.,Ltd.Transportation and logistics

Supplementary Explanatory Materials for the Fiscal Year Ending September 2026

For the fiscal year ended September 2026, orders received and net sales exceeded the previous fiscal year, while operating income and ordinary income also increased slightly. However, net income attributable to owners of the parent declined, and the targets for the final year of the medium-term management plan were not achieved for net sales, operating income or ROE.

Worth reading
51Recurring
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
649
¥ million (year-on-year increase in net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ended September 2026 (79th fiscal year)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales42,240 Millions of yen+1.6%
Operating profit2,864 Millions of yen+0.3%
Ordinary income3,056 Millions of yen+1.1%
Net income1,690 Millions of yen-6.2%
Selling, general and administrative expenses8,623 Millions of yen
Operating profit margin
Rate6.8% (actual for the fiscal year ended September 2026)
Full-year earnings forecast
Net Sales
43,500 Millions of yen
Operating profit
3,000 Millions of yen
Ordinary income
2,840 Millions of yen
Profit attributable to owners of the parent
1,760 Millions of yen
Operating profit margin
6.9 %
Annual dividend per share
44 Yen
Payout ratio
45.5 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Year-on-year change649 Millions of yen
Operating profit
Year-on-year change7 Millions of yen
Ordinary income
Year-on-year change32 Millions of yen
Net income
Year-on-year change-112 Millions of yen
New initiatives
  • Advancement of the AI-READY strategy
  • Development of the ALANDIS＋GeAI (tentative name) extension product for government GIS, using generative AI agents
  • 7 CVC investments (5 direct investments and 2 indirect investments)
  • Indoor space measurement and navigation pilot project
  • Launch of an off-site corporate PPA business in Maebashi
  • Partnership agreement with ALSOK concerning contributions to local communities
  • Implementation and operation of the CountryMapper hybrid aerial sensor
  • Selection for Kanagawa Prefecture's satellite data utilization project
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received43,662 Millions of yen
    Year on year against the same period last year5.0% increase
  • Order backlog27,466 Millions of yen
    Year on year against the same period last yearUp 5.5%
  • Social Infrastructure Management business sales mix61.6 %
  • National Land Conservation Consulting business sales mix32 %
  • Other sales mix6.4 %
  • Orders received from public-sector projects29,236 Millions of yen
    Year on year against the same period last yearDown 2.8%
  • Orders received from private-sector projects14,425 Millions of yen
    Year on year against the same period last yearUp 25.5%
  • Net sales from public-sector projects29,124 Millions of yen
    Year on year against the same period last yearDown 1.4%
  • Net sales from private-sector projects13,116 Millions of yen
    Year on year against the same period last yearUp 8.8% year on year
  • Equity ratio55.7 %
Segment results
NotesDisplayed by business category because the Company has a single segment
Social Infrastructure Management Business
Orders received
28,054 Millions of yen+9.2%
Order backlog
20,045 Millions of yen+11.2%
Net Sales
26,031 Millions of yen+3.2%
Land Conservation Consulting Business
Orders received
13,279 Millions of yen-0.2%
Order backlog
6,303 Millions of yen-3.8%
Net Sales
13,534 Millions of yen+5.0%
Other
Orders received
2,328 Millions of yen-10.1%
Order backlog
1,117 Millions of yen-23.7%
Net Sales
2,675 Millions of yen-23.0%
Medium-term management plan targets
Medium-Term Management Plan 2026
Target fiscal yearFiscal year ending September 2026
Net Sales¥45 billion or more
Operating profit¥3 billion or more
ROE9% or more
Medium-Term Management Plan 2029
Target fiscal yearFiscal year ending September 2029
Net Sales¥48.0 billion or more
Operating profit¥3.4 billion or more
ROE8% or higher
Compared with actual results for the fiscal year ending September 2026
Net Sales¥42.2 billion, below target
Operating profit¥2.86 billion, below target
ROE7.5%, below target
Financial targets
ROE
Medium-Term Management Plan 2026 target9.0%
Actual results for the fiscal year ended September 20267.5%
Equity ratio
Actual results for the fiscal year ended September 202655.7%
Orders received and order backlog
Orders received
43,662 Millions of yen
Order backlog
27,466 Millions of yen
Number of employees
Number of Employees1,931 People
Record date30 September 2026
Annual Dividend
Fiscal year ending September 2026
Annual¥44 per share
Interim¥20 per share
End of period¥24 per share
Forecast for the fiscal year ending September 2027
Annual¥44 per share
Interim¥22 per share
End of period¥22 per share
Payout ratio
Fiscal year ending September 202647.4 %
Forecast for the fiscal year ending September 202745.5 %
Target35% or more
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ended September 2026 (79th fiscal year)
Net Sales42,240 Millions of yen (YoY +1.6%)
Operating profit2,864 Millions of yen (YoY +0.3%)
Ordinary income3,056 Millions of yen (YoY +1.1%)
Net income1,690 Millions of yen (YoY -6.2%)
Operating profit marginRate 6.8% (actual for the fiscal year ended September 2026) / Year-on-year change (points) Not disclosed
Selling, general and administrative expenses8,623 Millions of yen
Full-year earnings forecastNet Sales 43,500 Millions of yen / Operating profit 3,000 Millions of yen / Ordinary income 2,840 Millions of yen / Profit attributable to owners of the parent 1,760 Millions of yen / Operating profit margin 6.9 % / Annual dividend per share 44 Yen / Payout ratio 45.5 %
Segment resultsNotes Displayed by business category because the Company has a single segment / Social Infrastructure Management Business Orders received 28,054 Millions of yen (YoY +9.2%) / Order backlog 20,045 Millions of yen (YoY +11.2%) / Net Sales 26,031 Millions of yen (YoY +3.2%) / Land Conservation Consulting Business Orders received 13,279 Millions of yen (YoY -0.2%) / Order backlog 6,303 Millions of yen (YoY -3.8%) / Net Sales 13,534 Millions of yen (YoY +5.0%) / Other Orders received 2,328 Millions of yen (YoY -10.1%) / Order backlog 1,117 Millions of yen (YoY -23.7%) / Net Sales 2,675 Millions of yen (YoY -23.0%)
Breakdown of Factors Affecting the ChangeNet Sales Year-on-year change 649 Millions of yen / Operating profit Year-on-year change 7 Millions of yen / Ordinary income Year-on-year change 32 Millions of yen / Net income Year-on-year change -112 Millions of yen
Key KPIsOrders received 43,662 Millions of yen, Order backlog 27,466 Millions of yen, Social Infrastructure Management business sales mix 61.6 %, National Land Conservation Consulting business sales mix 32 %, Other sales mix 6.4 %, Orders received from public-sector projects 29,236 Millions of yen, Orders received from private-sector projects 14,425 Millions of yen, Net sales from public-sector projects 29,124 Millions of yen, Net sales from private-sector projects 13,116 Millions of yen, Equity ratio 55.7 %
Number of employeesNumber of Employees 1,931 People / Record date 30 September 2026 / Changes and hiring plans during the period Not disclosed
Medium-term management plan targetsMedium-Term Management Plan 2026 Target fiscal year Fiscal year ending September 2026 / Net Sales ¥45 billion or more / Operating profit ¥3 billion or more / ROE 9% or more / Medium-Term Management Plan 2029 Target fiscal year Fiscal year ending September 2029 / Net Sales ¥48.0 billion or more / Operating profit ¥3.4 billion or more / ROE 8% or higher / Compared with actual results for the fiscal year ending September 2026 Net Sales ¥42.2 billion, below target / Operating profit ¥2.86 billion, below target / ROE 7.5%, below target
Financial targetsROE Medium-Term Management Plan 2026 target 9.0% / Actual results for the fiscal year ended September 2026 7.5% / Equity ratio Actual results for the fiscal year ended September 2026 55.7%
Annual DividendFiscal year ending September 2026 Annual ¥44 per share / Interim ¥20 per share / End of period ¥24 per share / Forecast for the fiscal year ending September 2027 Annual ¥44 per share / Interim ¥22 per share / End of period ¥22 per share
Payout ratioFiscal year ending September 2026 47.4 % / Forecast for the fiscal year ending September 2027 45.5 % / Target 35% or more
Orders received and order backlogOrders received 43,662 Millions of yen / Order backlog 27,466 Millions of yen
New initiativesAdvancement of the AI-READY strategy, Development of the ALANDIS＋GeAI (tentative name) extension product for government GIS, using generative AI agents, 7 CVC investments (5 direct investments and 2 indirect investments), Indoor space measurement and navigation pilot project, Launch of an off-site corporate PPA business in Maebashi, Partnership agreement with ALSOK concerning contributions to local communities, Implementation and operation of the CountryMapper hybrid aerial sensor, Selection for Kanagawa Prefecture's satellite data utilization project
Items this document does not state (12)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresMarket 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.

Orders received and net sales were supported by steady demand for national resilience, social infrastructure maintenance and management, digital transformation in local governments, security-related projects and private-sector energy-related projects. Operating income increased slightly as a result of advancing investments in IT and DX, human resources, technology development and facilities, despite increases in cost of sales, unit prices paid to partner companies, personnel expenses and other costs.

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.
Supplementary Explanatory Materials for the Fiscal Year Ending September 2026 | Asia Air Survey Co.,Ltd. (9233) timely disclosure | Komori