Komori
Earnings presentation9245Livero Inc.Information and Communications, Services and Others

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

In the first half of the fiscal year ending December 2026, revenue, operating income and net income exceeded the year-earlier period, driven by growth in services for corporate clients and reductions in selling, general and administrative expenses through the use of AI and other measures. The full-year forecast remains unchanged, although the materials indicate that operating income may exceed the forecast while revenue may fall slightly short.

Worth reading
75Important
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
70.2
Year-on-year change in operating profit (%)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,894 million +17.1%first-half cumulative
Operating profit¥940 million +70.2%first-half cumulative
Ordinary income¥945 million +70.9%first-half cumulative
Net income¥649 million +78.2%first-half cumulative
Operating profit margin30 % second quarter alone
Selling, general and administrative expenses¥1,192 million first-half cumulative
Results for the three months of the current quarter
Net Sales
¥1,350 million+10.2%
Gross profit
¥1,005 million+15.1%
Selling, general and administrative expenses
¥600 million-0.3%
Operating profit
¥404 million+49.4%
Ordinary income
¥407 million+50.1%
Net income
¥279 million+54.9%
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。
Operating profit85%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue may fall slightly short of the full-year forecast, operating income may exceed the plan, and net income is progressing steadily
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • FY25 second-quarter operating income¥552 million
  • Increase in gross profit¥303 million
  • Personnel expenses¥77 million
  • Outsourcing costs¥-4 million
  • Promotional expenses¥17 million
  • System-related expenses¥-12 million
  • Operating expenses¥11 million
  • Other¥-5 million
  • FY26 second-quarter operating income¥940 million
New initiatives
  • Building an AI-ready data platform
  • Promoting the use of general-purpose LLMs across business divisions
  • Improving the efficiency and quality of system development using LLMs
  • Expanding AI-based contract review and information extraction to similar operations
  • Dissolution and liquidation of consolidated subsidiary TANT, with the continuing business changed from TANT to the Company
Key KPIsA metric the company considers important as a management benchmark.
  • Subleased units59,580 units
    Year on year against the same period last year+17.2%
  • Number of corporate clients4,228 companies
    Year on year against the same period last year+9.3%
  • Number of major support cases555 ten thousand items
    Year on year against the same period last year+15.0%
  • Newly acquired units3,128 units
    Year on year against the same period last year+14.2%
  • Units under management27,358 units
    Year on year against the same period last year+26.7%
  • Potential units31,087 units
    Year on year against the same period last year+11.0%
  • Transaction volume (services for corporate clients)¥9,345 million
    Year on year against the same period last year+21.1%
  • Companies using Shataku Rakutto NAVI, the corporate housing service4,228 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Number of users128,107 people
    ServiceFor real estate companies
  • Average price per user¥9,662
    ServiceFor real estate companies
  • Number of users28,376 people
    ServiceFor corporate enterprises
  • Average price per user¥51,640
    ServiceFor corporate enterprises
  • Number of moving companies158 companies
    ServiceFor moving companies
    Year on year against the same period last yearFlat
  • Number of services used686 Service
    ServiceFor moving companies
Segment results
  • Services for Real Estate Companies
    Net Sales
    2Q 536 / Cumulative total 1,242
    Year-on-year change in revenue
    2Q -8.8 / Cumulative total 7.6
    Gross profit
    2Q 293 / Cumulative total 664
    Gross profit year-on-year
    2Q 2 / Cumulative total 5.3
  • Services for corporate clients
    Net Sales
    2Q 730 / Cumulative total 1,464
    Year-on-year change in revenue
    2Q 33.1 / Cumulative total 29.7
    Gross profit
    2Q 641 / Cumulative total 1,310
    Gross profit year-on-year
    2Q 26.1 / Cumulative total 26.2
  • Services for moving companies
    Net Sales
    2Q 83 / Cumulative total 186
    Year-on-year change in revenue
    2Q -5 / Cumulative total -1
    Gross profit
    2Q 70 / Cumulative total 158
    Gross profit year-on-year
    2Q -8.4 / Cumulative total -0.7
Market Size / Share
  • Expansion of market size through new services17 times
  • General market1,800 10,000 units
  • Employee relocation market109 10,000 units
Number of employees
222 People full-time employees and temporary employees, second quarter
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥2,894 million (first-half cumulative) (YoY +17.1%)
Operating profit¥940 million (first-half cumulative) (YoY +70.2%)
Ordinary income¥945 million (first-half cumulative) (YoY +70.9%)
Net income¥649 million (first-half cumulative) (YoY +78.2%)
Operating profit margin30 % (second quarter alone)
Selling, general and administrative expenses¥1,192 million (first-half cumulative)
Results for the three months of the current quarterNet Sales ¥1,350 million (YoY +10.2%) / Gross profit ¥1,005 million (YoY +15.1%) / Selling, general and administrative expenses ¥600 million (YoY -0.3%) / Operating profit ¥404 million (YoY +49.4%) / Ordinary income ¥407 million (YoY +50.1%) / Net income ¥279 million (YoY +54.9%)
Progress against full-year forecastOperating profit 85%
Self-assessment against the planRevenue may fall slightly short of the full-year forecast, operating income may exceed the plan, and net income is progressing steadily
Segment resultsSegment Services for Real Estate Companies / Net Sales 2Q 536 / Cumulative total 1,242 / Year-on-year change in revenue 2Q -8.8 / Cumulative total 7.6 / Gross profit 2Q 293 / Cumulative total 664 / Gross profit year-on-year 2Q 2 / Cumulative total 5.3, Segment Services for corporate clients / Net Sales 2Q 730 / Cumulative total 1,464 / Year-on-year change in revenue 2Q 33.1 / Cumulative total 29.7 / Gross profit 2Q 641 / Cumulative total 1,310 / Gross profit year-on-year 2Q 26.1 / Cumulative total 26.2, Segment Services for moving companies / Net Sales 2Q 83 / Cumulative total 186 / Year-on-year change in revenue 2Q -5 / Cumulative total -1 / Gross profit 2Q 70 / Cumulative total 158 / Gross profit year-on-year 2Q -8.4 / Cumulative total -0.7
Breakdown of Factors Affecting the ChangeFactors FY25 second-quarter operating income / Amount ¥552 million, Factors Increase in gross profit / Amount ¥303 million, Factors Personnel expenses / Amount ¥77 million, Factors Outsourcing costs / Amount ¥-4 million, Factors Promotional expenses / Amount ¥17 million, Factors System-related expenses / Amount ¥-12 million, Factors Operating expenses / Amount ¥11 million, Factors Other / Amount ¥-5 million, Factors FY26 second-quarter operating income / Amount ¥940 million
Key KPIsIndicator name Subleased units / Value 59,580 units / Year on year against the same period last year 17.2 units, Indicator name Number of corporate clients / Value 4,228 companies / Year on year against the same period last year 9.3 companies, Indicator name Number of major support cases / Value 555 ten thousand items / Year on year against the same period last year 15 ten thousand items, Indicator name Newly acquired units / Value 3,128 units / Year on year against the same period last year 14.2 units, Indicator name Units under management / Value 27,358 units / Year on year against the same period last year 26.7 units, Indicator name Potential units / Value 31,087 units / Year on year against the same period last year 11 units, Indicator name Transaction volume (services for corporate clients) / Value ¥9,345 million / Year on year against the same period last year ¥21.1 million, Indicator name Companies using Shataku Rakutto NAVI, the corporate housing service / Value 4,228 companies / Year on year against the same period last year Not disclosed
Unit price and quantity metricsService For real estate companies / Indicator name Number of users / Value 128,107 people / Year on year against the same period last year Not disclosed, Service For real estate companies / Indicator name Average price per user / Value ¥9,662 / Year on year against the same period last year Not disclosed, Service For corporate enterprises / Indicator name Number of users / Value 28,376 people / Year on year against the same period last year Not disclosed, Service For corporate enterprises / Indicator name Average price per user / Value ¥51,640 / Year on year against the same period last year Not disclosed, Service For moving companies / Indicator name Number of moving companies / Value 158 companies / Year on year against the same period last year Flat, Service For moving companies / Indicator name Number of services used / Value 686 Service / Year on year against the same period last year Not disclosed
Number of employeesValue 222 People (full-time employees and temporary employees, second quarter) / Change during the period Not disclosed
Market Size / ShareIndicator name Expansion of market size through new services / Value 17 times, Indicator name General market / Value 1,800 10,000 units, Indicator name Employee relocation market / Value 109 10,000 units
New initiativesBuilding an AI-ready data platform, Promoting the use of general-purpose LLMs across business divisions, Improving the efficiency and quality of system development using LLMs, Expanding AI-based contract review and information extraction to similar operations, Dissolution and liquidation of consolidated subsidiary TANT, with the continuing business changed from TANT to the Company
Items this document does not state (13)
Gross Profit MarginFull-year earnings forecastNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.

Growth in services for corporate clients, together with reductions in personnel expenses and selling, general and administrative expenses through the use of AI and improved call-center productivity, contributed to higher earnings. Revenue from services for real estate companies declined due to the impact of changing the accounting method for certain transactions from gross to net reporting.

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.
Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026 | Livero Inc. (9245) timely disclosure | Komori