Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
148
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationSecond quarter (interim period) 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 Sales19,137 Millions of yen+2.4%
Operating profit3,051 Millions of yen+5.1%
Ordinary income3,048 Millions of yen+4.7%
Net income¥2,038 million +4.8%interim net income attributable to owners of the parent
Gross Profit Margin54.4%
Operating profit margin15.9%
Selling, general and administrative expenses7,349 Millions of yen
Results for the three months of the current quarterSecond-quarter standalone results by segment were as follows: the Global WiFi business reported revenue of ¥4,598 million and segment profit of ¥1,410 million; the Information and Communications Services business reported revenue of ¥4,452 million and segment profit of ¥525 million; and the Glamping and Tourism business reported revenue of ¥775 million and segment profit of ¥76 million.
Full-year earnings forecast
Net Sales
42,000 Millions of yen
Operating profit
7,500 Millions of yen
Ordinary income
7,497 Millions of yen
Net income
¥5,100 million net income attributable to owners of the parent
EBITDA
8,448 Millions of yen
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 Sales45.6%
Operating profit40.7%
Ordinary income40.7%
Net income40.0%
Global WiFi business revenue42.7%
Information and Communications Services business revenue47.9%
Glamping and Tourism business revenue55.2%
Total revenue for reportable segments45.6%
Global WiFi business segment profit40.4%
Information and Communications Services business segment profit44.6%
Glamping and Tourism business segment profit54.0%
Total segment profit for reportable segments41.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The opening of the Awaji Island glamping facility is progressing as planned. The company's overall self-assessment against its plan is not disclosed.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in sales¥451 million
Increase in costs of sales-¥407 million
Decrease in Personnel Expenses¥46 million
Decrease in advertising expenses¥74 million
Increase in other selling, general and administrative expensesQuarterly net loss of ¥15 million
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 (company target: 80%)
Hiring plan40 people
New initiatives
- Use the Cebu location as a 24-hour, multilingual operations center
- Phase down the New York location and consolidate operations in Cebu
- Launch an AI-based signal improvement plan for Global WiFi
- Strengthen World eSIM sales
- Strengthen cross-selling through the consolidation of iWish rental guarantees
- Prepare to open the Awaji Island glamping facility
Key KPIsA metric the company considers important as a management benchmark.
- Japanese outbound traveler ratio (vs. 2019)72.8 %
- Corporate customer ratio (Global WiFi)79.6 %
- Corporate consolidated billing registrations76,000 companies
- Global WiFi for Biz registrations14,060 companies
- World eSIM revenue468.8 Millions of yenYear on year against the same period last year+46.9%
- World eSIM repeat rate44.8 %
- Company-wide recurring revenue¥56.7 hundred million forecast
Unit price and quantity metricsThese figures show sales broken down by price and volume.
World eSIM usage totaled 475,000 transactions, with a repeat rate of 44.8% and a corporate customer ratio of 18.8%. For Global WiFi, the company explained that the shift toward corporate customers has increased average customer spending.Segment results
Global WiFi Business
Net Sales
9,259 Millions of yen-5.0%
Segment profit
2,850 Millions of yen+2.1%
Information and Communications Services Business
Net Sales
8,719 Millions of yen+7.2%
Segment profit
1,039 Millions of yen+9.3%
Glamping and Tourism Business
Net Sales
1,154 Millions of yen+43.8%
Segment profit
109 Millions of yen+73.2%
Medium-term management plan targets
Target fiscal yearFY2028
Net Sales¥50.0 billion
Operating profit¥10 billion
Operating profit margin20.0%
Net income for the current fiscal year¥6.8 billion
ROE23.9%
Financial targets
ROE
FY2026 Forecast23.0%
Fiscal 2028 plan23.9%
DOE
Fiscal 20268%
FY20288%
Number of stores and locations
2 glamping facilities currently in operation, with 1 facility scheduled to open on Awaji Island in early 2027. The Cebu location began operations in June 2026, while the New York location is being phased down.Number of employees
Not disclosed. The hiring plan is for 40 people.Annual Dividend
FY2026 Forecast¥51.00 (interim ¥22, year-end ¥29)
Payout ratio
Forecast payout ratio of 50% for fiscal 2026. During the medium-term management plan period, the company will use the higher of a 50% payout ratio or 8% DOE as a guideline.Acquisition of treasury shares
Approximately ¥1.70 billion. Announced on 23 June 2026. The number of shares to be acquired and the acquisition period are not disclosed.| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending December 2026 |
| Net Sales | 19,137 Millions of yen (YoY +2.4%) |
| Operating profit | 3,051 Millions of yen (YoY +5.1%) |
| Ordinary income | 3,048 Millions of yen (YoY +4.7%) |
| Net income | ¥2,038 million (interim net income attributable to owners of the parent) (YoY +4.8%) |
| Gross Profit Margin | 54.4% |
| Operating profit margin | 15.9% |
| Selling, general and administrative expenses | 7,349 Millions of yen |
| Results for the three months of the current quarter | Second-quarter standalone results by segment were as follows: the Global WiFi business reported revenue of ¥4,598 million and segment profit of ¥1,410 million; the Information and Communications Services business reported revenue of ¥4,452 million and segment profit of ¥525 million; and the Glamping and Tourism business reported revenue of ¥775 million and segment profit of ¥76 million. |
| Full-year earnings forecast | Net Sales 42,000 Millions of yen / Operating profit 7,500 Millions of yen / Ordinary income 7,497 Millions of yen / Net income ¥5,100 million (net income attributable to owners of the parent) / EBITDA 8,448 Millions of yen |
| Progress against full-year forecast | Net Sales 45.6% / Operating profit 40.7% / Ordinary income 40.7% / Net income 40.0% / Global WiFi business revenue 42.7% / Information and Communications Services business revenue 47.9% / Glamping and Tourism business revenue 55.2% / Total revenue for reportable segments 45.6% / Global WiFi business segment profit 40.4% / Information and Communications Services business segment profit 44.6% / Glamping and Tourism business segment profit 54.0% / Total segment profit for reportable segments 41.7% |
| Self-assessment against the plan | The opening of the Awaji Island glamping facility is progressing as planned. The company's overall self-assessment against its plan is not disclosed. |
| Segment results | Global WiFi Business Net Sales 9,259 Millions of yen (YoY -5.0%) / Segment profit 2,850 Millions of yen (YoY +2.1%) / Information and Communications Services Business Net Sales 8,719 Millions of yen (YoY +7.2%) / Segment profit 1,039 Millions of yen (YoY +9.3%) / Glamping and Tourism Business Net Sales 1,154 Millions of yen (YoY +43.8%) / Segment profit 109 Millions of yen (YoY +73.2%) |
| Breakdown of Factors Affecting the Change | Increase in sales ¥451 million / Increase in costs of sales -¥407 million / Decrease in Personnel Expenses ¥46 million / Decrease in advertising expenses ¥74 million / Increase in other selling, general and administrative expenses Quarterly net loss of ¥15 million |
| Key KPIs | Indicator name Japanese outbound traveler ratio (vs. 2019) / Value 72.8 % / Year on year against the same period last year Not disclosed, Indicator name Corporate customer ratio (Global WiFi) / Value 79.6 % / Year on year against the same period last year Not disclosed, Indicator name Corporate consolidated billing registrations / Value 76,000 companies / Year on year against the same period last year Not disclosed, Indicator name Global WiFi for Biz registrations / Value 14,060 companies / Year on year against the same period last year Not disclosed, Indicator name World eSIM revenue / Value 468.8 Millions of yen / Year on year against the same period last year 46.9 Millions of yen, Indicator name World eSIM repeat rate / Value 44.8 % / Year on year against the same period last year Not disclosed, Indicator name Company-wide recurring revenue / Value ¥56.7 hundred million (forecast) / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | World eSIM usage totaled 475,000 transactions, with a repeat rate of 44.8% and a corporate customer ratio of 18.8%. For Global WiFi, the company explained that the shift toward corporate customers has increased average customer spending. |
| Number of stores and locations | 2 glamping facilities currently in operation, with 1 facility scheduled to open on Awaji Island in early 2027. The Cebu location began operations in June 2026, while the New York location is being phased down. |
| Number of employees | Not disclosed. The hiring plan is for 40 people. |
| Assumptions Underlying the Business Outlook | Exchange rate ¥155 per U.S. dollar / Recovery in overseas travel 75% of 2019 levels (company target: 80%) / Hiring plan 40 people |
| Medium-term management plan targets | Target fiscal year FY2028 / Net Sales ¥50.0 billion / Operating profit ¥10 billion / Operating profit margin 20.0% / Net income for the current fiscal year ¥6.8 billion / ROE 23.9% |
| Financial targets | ROE FY2026 Forecast 23.0% / Fiscal 2028 plan 23.9% / DOE Fiscal 2026 8% / FY2028 8% / Equity ratio Not disclosed / Debt-to-equity ratio Not disclosed |
| Annual Dividend | FY2026 Forecast ¥51.00 (interim ¥22, year-end ¥29) |
| Payout ratio | Forecast payout ratio of 50% for fiscal 2026. During the medium-term management plan period, the company will use the higher of a 50% payout ratio or 8% DOE as a guideline. |
| Acquisition of treasury shares | Approximately ¥1.70 billion. Announced on 23 June 2026. The number of shares to be acquired and the acquisition period are not disclosed. |
| New initiatives | Use the Cebu location as a 24-hour, multilingual operations center, Phase down the New York location and consolidate operations in Cebu, Launch an AI-based signal improvement plan for Global WiFi, Strengthen World eSIM sales, Strengthen cross-selling through the consolidation of iWish rental guarantees, Prepare to open the Awaji Island glamping facility |
Items this document does not state (5)
Risk amount incorporated into the outlookCapital expendituresOrders received and order backlogMarket 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.The Information and Communications Services and Glamping and Tourism businesses drove revenue growth. Although the Global WiFi business was affected by heightened tensions in the Middle East and the weaker yen, higher profit was secured through optimization of promotional expenses and improved operating efficiency. In addition, while making ¥425 million in upfront investments, selling, general and administrative expenses were reduced by ¥105 million year on year, mainly through lower personnel and advertising expenses.
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.