Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
41
¥ million (year-on-year increase in revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending November 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥820 million+5.3%
Operating profit¥-71 million
Ordinary income¥-77 million
Net income¥-77 million
Gross Profit Margin22.2 %
Selling, general and administrative expenses¥253 million
Results for the three months of the current quarterRevenue: ¥820 million; gross profit: ¥181 million; EBITDA: -¥38 million; operating loss: ¥71 million; ordinary loss: ¥77 million; net loss attributable to owners of the parent: ¥77 million
Full-year earnings forecast
Net Sales
¥3,678 million
EBITDA
¥235 million
Operating profit
¥119 million
Ordinary income
¥100 million
Profit attributable to owners of the parent
¥67 million
GRC Security business revenue
¥2,676 million
Financial Technology business revenue
¥1,001 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。
Consolidated revenue22.3
Gross profit16.7
Selling, general and administrative expenses26.1
GRC Security business revenue24.5
GRC Security business gross profit23.3
Financial Technology business revenue16.4
Financial Technology business gross profit4.2
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The decline in earnings was broadly in line with the plan at the beginning of the fiscal year. Gross profit in the GRC Security business is progressing in line with the initial forecast. The Financial Technology business is progressing as planned.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in salesContinued growth in sales of the core product, deeper engagement in GRC Security projects and expansion of transaction sizes
Decrease in gross profitHigher outsourcing costs in the GRC Security business and the suspension of a large project in the previous fiscal year in the Financial Technology business
Continued operating profit declineThe decline in gross profit put pressure on earnings
Selling, general and administrative expensesFull-scale recruitment activities and the occurrence of temporary expenses
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Strengthening recruitment, developing new services that address market needs, developing features for in-house products, investing in AI development, upfront investment for expansion in Asia, and expanding the recurring-revenue modelNew initiatives
- Established 株式会社GRCSテクノロジーズ in April 2026
- Launched a joint development project for a proprietary AI model with Fixstars Corporation
- Added AI functionality to CSIRT MT.mss, an integrated security management tool
Key KPIsA metric the company considers important as a management benchmark.
- Product mix11.1 %
- Consolidated number of employees213 People
Segment results
GRC Security business
Net Sales
¥656 million+13.5%
Gross profit
¥166 million+2.0%
Financial Technology business
Net Sales
¥164 million-18.3%
Gross profit
¥15 million-78.6%
Market Size / Share
Global GRC market
2024629 US$100 million
20301,349 US$100 million
Growth rateCAGR 13.2%
Number of employees
Number of Employees213 People
Reference dateEnd of November 2025
Hiring planThe workforce is expected to be expanded going forward
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending November 2026 |
| Net Sales | ¥820 million (YoY +5.3%) |
| Operating profit | ¥-71 million |
| Ordinary income | ¥-77 million |
| Net income | ¥-77 million |
| Gross Profit Margin | 22.2 % |
| Selling, general and administrative expenses | ¥253 million |
| Results for the three months of the current quarter | Revenue: ¥820 million; gross profit: ¥181 million; EBITDA: -¥38 million; operating loss: ¥71 million; ordinary loss: ¥77 million; net loss attributable to owners of the parent: ¥77 million |
| Full-year earnings forecast | Net Sales ¥3,678 million / EBITDA ¥235 million / Operating profit ¥119 million / Ordinary income ¥100 million / Profit attributable to owners of the parent ¥67 million / GRC Security business revenue ¥2,676 million / Financial Technology business revenue ¥1,001 million |
| Progress against full-year forecast | Consolidated revenue 22.3 / Gross profit 16.7 / Selling, general and administrative expenses 26.1 / GRC Security business revenue 24.5 / GRC Security business gross profit 23.3 / Financial Technology business revenue 16.4 / Financial Technology business gross profit 4.2 |
| Self-assessment against the plan | The decline in earnings was broadly in line with the plan at the beginning of the fiscal year. Gross profit in the GRC Security business is progressing in line with the initial forecast. The Financial Technology business is progressing as planned. |
| Segment results | GRC Security business Net Sales ¥656 million (YoY +13.5%) / Gross profit ¥166 million (YoY +2.0%) / Financial Technology business Net Sales ¥164 million (YoY -18.3%) / Gross profit ¥15 million (YoY -78.6%) |
| Breakdown of Factors Affecting the Change | Increase in sales Continued growth in sales of the core product, deeper engagement in GRC Security projects and expansion of transaction sizes / Decrease in gross profit Higher outsourcing costs in the GRC Security business and the suspension of a large project in the previous fiscal year in the Financial Technology business / Continued operating profit decline The decline in gross profit put pressure on earnings / Selling, general and administrative expenses Full-scale recruitment activities and the occurrence of temporary expenses |
| Key KPIs | Indicator name Product mix / Value 11.1 % / Year on year against the same period last year Not disclosed, Indicator name Consolidated number of employees / Value 213 People / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 213 People / Reference date End of November 2025 / Change during the period Not disclosed / Hiring plan The workforce is expected to be expanded going forward |
| Assumptions Underlying the Business Outlook | Strengthening recruitment, developing new services that address market needs, developing features for in-house products, investing in AI development, upfront investment for expansion in Asia, and expanding the recurring-revenue model |
| Market Size / Share | Global GRC market 2024 629 US$100 million / 2030 1,349 US$100 million / Growth rate CAGR 13.2% / Domestic market share Not disclosed |
| New initiatives | Established 株式会社GRCSテクノロジーズ in April 2026, Launched a joint development project for a proprietary AI model with Fixstars Corporation, Added AI functionality to CSIRT MT.mss, an integrated security management tool |
Items this document does not state (12)
Operating profit marginUnit price and quantity metricsNumber of stores and locationsRisk 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.Revenue benefited from continued growth in the core product, deeper relationships with existing customers and larger projects in the GRC Security business. Factors affecting earnings included higher outsourcing costs in the GRC Security business, the suspension of a large project in the previous fiscal year in the Financial Technology business, and upfront investments in recruitment, AI and in-house product development.
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.