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Financial results presentation9416VISION INC.Information and Communications, Services and Others

Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026

In the first quarter of the fiscal year ending December 2026, consolidated revenue increased as the Information and Communications Services business and the Glamping and Tourism business grew. Operating income and net income, however, fell below the year-earlier period due to upfront investment in future growth areas and other factors.

Worth reading
87Important
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
70
¥ million (year-on-year increase in consolidated net sales)
Wording
Definitive
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending December 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,308 million+0.8%
Operating profit¥1,496 million-0.3%
Ordinary income¥1,509 million-0.4%
Net income¥999 million-4.5%
Selling, general and administrative expenses¥3,655 million
Gross Profit Margin
Rate55.3%
Year on year against the same period last yearDown 0.7 percentage points year on year
Operating profit margin
Rate16.1%
Year on year against the same period last yearDown 0.2 percentage points
Results for the three months of the current quarter
Net Sales
¥9,308 million
Operating profit
¥1,496 million
Ordinary income
¥1,509 million
Net income
¥999 million
Full-year earnings forecast
Net Sales
¥42,000 million
Operating profit
¥7,500 million
Ordinary income
¥7,497 million
Net income
¥5,100 million
EBITDA
¥8,448 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 Sales22.2%
Operating profit20.0%
Ordinary income20.1%
Net income19.6%
EBITDA21.0%
Global WiFi business revenue21.5%
Information and Communications Services business revenue23.5%
Glamping and Tourism business revenue18.1%
Global WiFi business segment profit20.4%
Information and Communications Services business segment profit22.0%
Glamping and Tourism business segment profit16.2%
Total revenue for reportable segments22.2%
Total segment profit for reportable segments20.7%
Other net sales16.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Upfront investments made as planned
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating income
Revenue Growth70
Increase in costs of sales-89
Decrease in Personnel Expenses53
Increase in advertising expenses-17
Increase in other selling, general and administrative expenses-21
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate¥155 per U.S. dollar
Recovery in overseas travel75% of 2019 levels
Hiring plan40 people
New initiatives
  • Continued investment in the New York office
  • Investment in personnel and strengthening of the organizational structure for accounting BPO operations
  • Advancing the multilingual operations initiative
  • Making Ai Wish Rental Guarantee a wholly owned subsidiary
  • Business succession from Freeplus Co., Ltd.
  • A glamping facility on Awaji Island scheduled to open in early 2027
Key KPIsA metric the company considers important as a management benchmark.
  • Recovery in overseas travel74.9 % of 1Q 2019
  • Inbound travel recovery rate132.7 % of 1Q 2019
  • Number of companies registered for consolidated corporate billing74,000 companies or more
    Year on year against the same period last yearUp 10.4% year on year
  • Adoption rate among domestically listed companies30 %
  • World eSIM revenue¥350.3 million
    Year on year against the same period last yearSignificant revenue growth
  • World eSIM repeat rate40.6 %
    Year on year against the same period last year4.0 percentage points above the 2025 full-year average
Unit price and quantity metricsThese figures show sales broken down by price and volume.
World eSIM
Number of transactions
0.8 ten thousand items
Repeat-purchase rate
40.6 %
Corporate rate
15.6 %
Global WiFi
Number of transactions
63 ten thousand items
Net Sales
¥4,660 million
Segment results
Global WiFi Business
Net Sales
¥4,660 million-4.5%
Segment profit
¥1,440 million+1.9%
Information and Communications Services Business
Net Sales
¥4,266 million+6.3%
Segment profit
¥513 million-0.6%
Glamping and Tourism Business
Net Sales
¥378 million+11.1%
Segment profit
¥32 million+12.5%
Medium-term management plan targets
Fiscal 2026
Net Sales
¥42,000 million
Operating profit
¥7,500 million
Operating profit margin
17.9 %
Net income for the current fiscal year
¥5,100 million
ROE
23 %
FY2028
Net Sales
¥50,000 million
Operating profit
¥10,000 million
Operating profit margin
20 %
Net income for the current fiscal year
¥6,800 million
ROE
23.9 %
Financial targets
ROE
FY2026 target23.0%
FY2025 actual23.6%
Market Size / Share
Global WiFi corporate market shareApproximately 63%
Adoption rate among domestically listed companiesApproximately 30%
Number of stores and locations
3 locations (sites for accounting BPO operations)
Number of employees
Hiring plan
40 people
Payout ratio
Fiscal 202650%
PolicyA target of the higher of a 50% payout ratio or 8% DOE
Acquisition of treasury shares
The approximately ¥8.9 billion growth investment allocation will be flexibly used for share repurchases and cancellations depending on the progress of M&A investments
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending December 2026
Net Sales¥9,308 million (YoY +0.8%)
Operating profit¥1,496 million (YoY -0.3%)
Ordinary income¥1,509 million (YoY -0.4%)
Net income¥999 million (YoY -4.5%)
Gross Profit MarginRate 55.3% / Year on year against the same period last year Down 0.7 percentage points year on year
Operating profit marginRate 16.1% / Year on year against the same period last year Down 0.2 percentage points
Selling, general and administrative expenses¥3,655 million
Results for the three months of the current quarterNet Sales ¥9,308 million / Operating profit ¥1,496 million / Ordinary income ¥1,509 million / Net income ¥999 million
Full-year earnings forecastNet Sales ¥42,000 million / Operating profit ¥7,500 million / Ordinary income ¥7,497 million / Net income ¥5,100 million / EBITDA ¥8,448 million
Progress against full-year forecastNet Sales 22.2% / Operating profit 20.0% / Ordinary income 20.1% / Net income 19.6% / EBITDA 21.0% / Global WiFi business revenue 21.5% / Information and Communications Services business revenue 23.5% / Glamping and Tourism business revenue 18.1% / Global WiFi business segment profit 20.4% / Information and Communications Services business segment profit 22.0% / Glamping and Tourism business segment profit 16.2% / Total revenue for reportable segments 22.2% / Total segment profit for reportable segments 20.7% / Other net sales 16.4%
Self-assessment against the planUpfront investments made as planned
Segment resultsGlobal WiFi Business Net Sales ¥4,660 million (YoY -4.5%) / Segment profit ¥1,440 million (YoY +1.9%) / Information and Communications Services Business Net Sales ¥4,266 million (YoY +6.3%) / Segment profit ¥513 million (YoY -0.6%) / Glamping and Tourism Business Net Sales ¥378 million (YoY +11.1%) / Segment profit ¥32 million (YoY +12.5%)
Breakdown of Factors Affecting the ChangeYear-on-year change in operating income Revenue Growth 70 / Increase in costs of sales -89 / Decrease in Personnel Expenses 53 / Increase in advertising expenses -17 / Increase in other selling, general and administrative expenses -21
Key KPIsIndicator name Recovery in overseas travel / Value 74.9 % of 1Q 2019 / Year on year against the same period last year Not disclosed, Indicator name Inbound travel recovery rate / Value 132.7 % of 1Q 2019 / Year on year against the same period last year Not disclosed, Indicator name Number of companies registered for consolidated corporate billing / Value 74,000 companies or more / Year on year against the same period last year Up 10.4% year on year, Indicator name Adoption rate among domestically listed companies / Value 30 % / Year on year against the same period last year Not disclosed, Indicator name World eSIM revenue / Value ¥350.3 million / Year on year against the same period last year Significant revenue growth, Indicator name World eSIM repeat rate / Value 40.6 % / Year on year against the same period last year 4.0 percentage points above the 2025 full-year average
Unit price and quantity metricsWorld eSIM Number of transactions 0.8 ten thousand items / Repeat-purchase rate 40.6 % / Corporate rate 15.6 % / Global WiFi Number of transactions 63 ten thousand items / Net Sales ¥4,660 million
Number of stores and locations3 locations (sites for accounting BPO operations)
Number of employeesHiring plan 40 people
Assumptions Underlying the Business OutlookExchange rate ¥155 per U.S. dollar / Recovery in overseas travel 75% of 2019 levels / Hiring plan 40 people
Medium-term management plan targetsFiscal 2026 Net Sales ¥42,000 million / Operating profit ¥7,500 million / Operating profit margin 17.9 % / Net income for the current fiscal year ¥5,100 million / ROE 23 % / FY2028 Net Sales ¥50,000 million / Operating profit ¥10,000 million / Operating profit margin 20 % / Net income for the current fiscal year ¥6,800 million / ROE 23.9 %
Financial targetsROE FY2026 target 23.0% / FY2025 actual 23.6% / Equity ratio Not disclosed / ROIC Not disclosed / Debt-to-equity ratio Not disclosed
Payout ratioFiscal 2026 50% / Policy A target of the higher of a 50% payout ratio or 8% DOE
Acquisition of treasury sharesThe approximately ¥8.9 billion growth investment allocation will be flexibly used for share repurchases and cancellations depending on the progress of M&A investments
Market Size / ShareGlobal WiFi corporate market share Approximately 63% / Adoption rate among domestically listed companies Approximately 30%
New initiativesContinued investment in the New York office, Investment in personnel and strengthening of the organizational structure for accounting BPO operations, Advancing the multilingual operations initiative, Making Ai Wish Rental Guarantee a wholly owned subsidiary, Business succession from Freeplus Co., Ltd., A glamping facility on Awaji Island scheduled to open in early 2027
Items this document does not state (5)
Risk amount incorporated into the outlookAnnual DividendCapital 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 from the Global WiFi business declined due to sluggish business travel demand amid developments in China and the Middle East, as well as shorter trips and lower average prices resulting from changes in travel destinations. Meanwhile, the Information and Communications Services business and the Glamping and Tourism business drove revenue growth. On the earnings front, operating income was slightly below the year-earlier period because upfront investments in the New York office and accounting BPO operations were made as planned.

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Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026 | VISION INC. (9416) timely disclosure | Komori