Worth reading
68In focus
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
432
¥ million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending December 2026, third quarter12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,874 millions+12.2%
Operating profit¥1,131 millions+61.8%
Ordinary income¥1,141 millions+62.2%
Net income¥782 millions+67.8%
Selling, general and administrative expenses¥1,753 millions
Operating profit margin+4.6 percentage points year on year (standalone third quarter; actual margin not disclosed)
Results for the three months of the current quarter
Net Sales
¥980 millions-0.2%
Operating profit
¥191 millions+30.3%
Ordinary income
¥195 millions+30.3%
Net income
¥132 millions+30.5%
Gross profit
¥752 millions+11.6%
Selling, general and administrative expenses
¥561 millions+6.4%
Full-year earnings forecast
Net Sales
¥4,820 millions
Operating profit
¥1,150 millions
Ordinary income
¥1,155 millions
Net income
¥785 millions
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is expected to fall below the initial forecast, while profit is expected to exceed itBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating income variance
Increase in gross profit382
Personnel Expenses75
Promotional expenses13
System-related expenses-18
Selling expenses6
Other-26
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
First-half concentration of annual revenueApproximately 60%
New initiatives
- In-house development of an AI-enabled, high-frequency penetration testing environment (scheduled to begin operation during the fourth quarter)
- Strengthening the staffing structure
- Investment in enhanced security
- Changing shareholder benefits from QUO Cards to digital gifts
- Rolling out AI-enabled operational efficiency improvements to similar operations
Key KPIsA metric the company considers important as a management benchmark.
- Subleased units62,882 unitsYear on year against the same period last year+19.6%
- Number of corporate clients4,306 companiesYear on year against the same period last year+9.3%
- Number of major support cases569 ten thousand itemsYear on year against the same period last year+14.0%
- Newly acquired units1,836 unitsYear on year against the same period last year+4.4%
- Units under management28,041 unitsYear on year against the same period last year+24.4%
- Potential units33,730 unitsYear on year against the same period last year+16.9%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Services for Real Estate Companies
Number of users
172,387 people
Year on year against the same period last year-0.1%
Average price per user
¥9,638
Year on year against the same period last year+1.3%
Services for corporate clients
Number of users
37,673 people
Year on year against the same period last year+15.8%
Average price per user
¥51,772
Year on year against the same period last year+7.2%
Segment results
Services for Real Estate Companies
Net Sales
¥1,696 millions+1.6%
Gross profit
¥953 millions+5.7%
Services for corporate clients
Net Sales
¥1,925 millions+26.4%
Gross profit
¥1,718 millions+24.8%
Services for moving companies
Net Sales
¥253 millions-3.3%
Gross profit
¥213 millions-4.6%
Market Size / Share
Approximately 18 million units (general market)
Employee relocation marketApproximately 1.09 million units
Market Expansion17x
Number of employees
213 people
As ofThird quarter of the fiscal year ending December 2026
Capital expenditures
¥1,150 million planned to be allocated to strengthening the staffing structure and investing in enhanced security
Annual Dividend
¥44 /share
BreakdownRegular dividend: ¥44
Payout ratio
30| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending December 2026, third quarter |
| Net Sales | ¥3,874 millions (YoY +12.2%) |
| Operating profit | ¥1,131 millions (YoY +61.8%) |
| Ordinary income | ¥1,141 millions (YoY +62.2%) |
| Net income | ¥782 millions (YoY +67.8%) |
| Operating profit margin | +4.6 percentage points year on year (standalone third quarter; actual margin not disclosed) |
| Selling, general and administrative expenses | ¥1,753 millions |
| Results for the three months of the current quarter | Net Sales ¥980 millions (YoY -0.2%) / Operating profit ¥191 millions (YoY +30.3%) / Ordinary income ¥195 millions (YoY +30.3%) / Net income ¥132 millions (YoY +30.5%) / Gross profit ¥752 millions (YoY +11.6%) / Selling, general and administrative expenses ¥561 millions (YoY +6.4%) |
| Full-year earnings forecast | Net Sales ¥4,820 millions / Operating profit ¥1,150 millions / Ordinary income ¥1,155 millions / Net income ¥785 millions |
| Self-assessment against the plan | Revenue is expected to fall below the initial forecast, while profit is expected to exceed it |
| Segment results | Services for Real Estate Companies Net Sales ¥1,696 millions (YoY +1.6%) / Gross profit ¥953 millions (YoY +5.7%) / Services for corporate clients Net Sales ¥1,925 millions (YoY +26.4%) / Gross profit ¥1,718 millions (YoY +24.8%) / Services for moving companies Net Sales ¥253 millions (YoY -3.3%) / Gross profit ¥213 millions (YoY -4.6%) |
| Breakdown of Factors Affecting the Change | Year-on-year operating income variance Increase in gross profit 382 / Personnel Expenses 75 / Promotional expenses 13 / System-related expenses -18 / Selling expenses 6 / Other -26 |
| Key KPIs | Indicator name Subleased units / Value 62,882 units / Year on year against the same period last year 19.6 units, Indicator name Number of corporate clients / Value 4,306 companies / Year on year against the same period last year 9.3 companies, Indicator name Number of major support cases / Value 569 ten thousand items / Year on year against the same period last year 14 ten thousand items, Indicator name Newly acquired units / Value 1,836 units / Year on year against the same period last year 4.4 units, Indicator name Units under management / Value 28,041 units / Year on year against the same period last year 24.4 units, Indicator name Potential units / Value 33,730 units / Year on year against the same period last year 16.9 units |
| Unit price and quantity metrics | Services for Real Estate Companies Number of users 172,387 people / Average price per user ¥9,638 / Services for corporate clients Number of users 37,673 people / Average price per user ¥51,772 |
| Number of employees | 213 people |
| Assumptions Underlying the Business Outlook | First-half concentration of annual revenue Approximately 60% |
| Annual Dividend | ¥44 /share |
| Payout ratio | 30 |
| Capital expenditures | ¥1,150 million (planned to be allocated to strengthening the staffing structure and investing in enhanced security) |
| Market Size / Share | Market Size Approximately 18 million units (general market) / Employee relocation market Approximately 1.09 million units / Market Expansion 17x |
| New initiatives | In-house development of an AI-enabled, high-frequency penetration testing environment (scheduled to begin operation during the fourth quarter), Strengthening the staffing structure, Investment in enhanced security, Changing shareholder benefits from QUO Cards to digital gifts, Rolling out AI-enabled operational efficiency improvements to similar operations |
Items this document does not state (9)
Gross Profit MarginProgress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesOrders 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.The downward revision to the revenue forecast reflects the impact of a decrease resulting from a change in the accounting method for services provided to real estate companies. The upward revision to the profit forecasts reflects higher-than-expected profits from cost savings through the use of AI and business growth. The company said the increase in profit would be allocated to strengthening its staffing structure and investing in enhanced security.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.