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

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

In the third quarter of the fiscal year ending December 2026, both revenue and operating profit exceeded the year-earlier period, and profit increased in each business. However, in response to the slower-than-expected recovery in overseas travel demand and other factors, the company revised down its full-year revenue and profit forecasts at all stages, withdrew its Medium-Term Management Plan and decided to introduce progressive dividends.

Worth reading
73In 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
1800
¥ million (downward revision to the full-year revenue forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationQ3 FY202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales29,434 Millions of yen+1.8%
Operating profit4,940 Millions of yen+4.0%
Ordinary income4,906 Millions of yen+3.3%
Net income3,283 Millions of yen+3.3%
Selling, general and administrative expenses11,186 Millions of yen
Gross Profit Margin
rate_pct54.8
yoy_change_pt-1
Operating profit margin
rate_pct16.8
yoy_change_pt0.4
Results for the three months of the current quarterGraphs show standalone first-, second- and third-quarter revenue and segment profit for each business. Standalone three-month figures in the consolidated income statement are not disclosed.
Full-year earnings forecast
Net Sales
40,200 Millions of yen
Cost of sales
18,174 Millions of yen
Gross profit
22,025 Millions of yen
Selling, general and administrative expenses
15,225 Millions of yen
Operating profit
6,800 Millions of yen
Ordinary income
6,763 Millions of yen
EBITDA
7,900 Millions of yen
Profit attributable to owners of the parent
4,510 Millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Global WiFi and Information and Communications Services businesses are behind the initial plan, while revenue in the Glamping and Tourism business is progressing smoothly.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in revenue520 Millions of yen
  • Increase in cost of sales-533 Millions of yen
  • Reduction in personnel expenses29 Millions of yen
  • Decrease in advertising expenses214 Millions of yen
  • Increase in other selling, general and administrative expenses-40 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Exchange rate (per US dollar)
    At the start of the fiscal year155
    Current status158
  • Recovery in overseas travel
    At the start of the fiscal year75
    Current status74.4
  • Hiring plan
    At the start of the fiscal year40
    Current status45
New initiatives
  • Introduction of a progressive dividend policy
  • Withdrawal of the Medium-Term Management Plan
  • Launch of the AI Radio Signal Improvement Plan
  • Rollout of World VPN
  • Launch of the 24-hour, multilingual sales center in Cebu
  • Plan to open the Awaji Island glamping facility in early 2027
  • M&A and consolidation of フリープラス
  • M&A of アイウィッシュ賃貸保証
Key KPIsA metric the company considers important as a management benchmark.
  • Recovery in overseas travel74.4 % vs. 2019
  • Unlimited plan usage rate (standalone third quarter of fiscal 2026)79 %
  • Corporate customer unlimited plan selection rate82 %
  • Individual customer unlimited plan selection rate66 %
  • Number of World eSIM transactions47.5 ten thousand items
    Year on year against the same period last year+47.2%
  • World eSIM repeat rate46.9 %
  • Corporate consolidated billing registrations77,749 companies
  • Global WiFi for Biz registrations14,350 companies
  • Company-wide recurring revenue¥40.2 100 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Global WiFi ARPU
  • Number of World eSIM transactions47.5 ten thousand items
    Year on year against the same period last year+47.2%
  • Unlimited plan usage rate79 %
Segment results
Global WiFi Business
Net Sales
14,499 Millions of yen-6.5%
Segment profit
4,728 Millions of yen+2.7%
Information and Communications Services Business
Net Sales
13,189 Millions of yen+8.0%
Segment profit
1,492 Millions of yen+9.3%
Glamping and Tourism Business
Net Sales
1,736 Millions of yen+46.9%
Segment profit
143 Millions of yen+9.4%
Medium-term management plan targets
The Medium-Term Management Plan has been withdrawn. As a growth strategy, it describes a long-term business scale of ¥10 billion in operating profit, followed by ¥20 billion, but these are not targets or commitments for any specific fiscal year.
Financial targets
ROE
23.6 %
Fiscal yearFY2025 Results
Cost of equity
6.9 %
Equity spread
16.7 pt
Number of employees
Hiring plan45 People
Initial plan40 People
Annual Dividend
¥51 per share
Payout ratio
54.1 %
Acquisition of treasury shares
¥17 100 million
PeriodAnnounced in June 2026
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredQ3 FY2026
Net Sales29,434 Millions of yen (YoY +1.8%)
Operating profit4,940 Millions of yen (YoY +4.0%)
Ordinary income4,906 Millions of yen (YoY +3.3%)
Net income3,283 Millions of yen (YoY +3.3%)
Gross Profit Marginrate_pct 54.8 / yoy_change_pt -1
Operating profit marginrate_pct 16.8 / yoy_change_pt 0.4
Selling, general and administrative expenses11,186 Millions of yen
Results for the three months of the current quarterGraphs show standalone first-, second- and third-quarter revenue and segment profit for each business. Standalone three-month figures in the consolidated income statement are not disclosed.
Full-year earnings forecastNet Sales 40,200 Millions of yen / Cost of sales 18,174 Millions of yen / Gross profit 22,025 Millions of yen / Selling, general and administrative expenses 15,225 Millions of yen / Operating profit 6,800 Millions of yen / Ordinary income 6,763 Millions of yen / EBITDA 7,900 Millions of yen / Profit attributable to owners of the parent 4,510 Millions of yen
Self-assessment against the planThe Global WiFi and Information and Communications Services businesses are behind the initial plan, while revenue in the Glamping and Tourism business is progressing smoothly.
Segment resultsGlobal WiFi Business Net Sales 14,499 Millions of yen (YoY -6.5%) / Segment profit 4,728 Millions of yen (YoY +2.7%) / Information and Communications Services Business Net Sales 13,189 Millions of yen (YoY +8.0%) / Segment profit 1,492 Millions of yen (YoY +9.3%) / Glamping and Tourism Business Net Sales 1,736 Millions of yen (YoY +46.9%) / Segment profit 143 Millions of yen (YoY +9.4%)
Breakdown of Factors Affecting the ChangeFactors Increase in revenue / Amount 520 Millions of yen, Factors Increase in cost of sales / Amount -533 Millions of yen, Factors Reduction in personnel expenses / Amount 29 Millions of yen, Factors Decrease in advertising expenses / Amount 214 Millions of yen, Factors Increase in other selling, general and administrative expenses / Amount -40 Millions of yen
Key KPIsIndicator name Recovery in overseas travel / Value 74.4 % (vs. 2019) / Year on year against the same period last year Not disclosed, Indicator name Unlimited plan usage rate (standalone third quarter of fiscal 2026) / Value 79 % / Year on year against the same period last year Not disclosed, Indicator name Corporate customer unlimited plan selection rate / Value 82 % / Year on year against the same period last year Not disclosed, Indicator name Individual customer unlimited plan selection rate / Value 66 % / Year on year against the same period last year Not disclosed, Indicator name Number of World eSIM transactions / Value 47.5 ten thousand items / Year on year against the same period last year 47.2 ten thousand items, Indicator name World eSIM repeat rate / Value 46.9 % / Year on year against the same period last year Not disclosed, Indicator name Corporate consolidated billing registrations / Value 77,749 companies / Year on year against the same period last year Not disclosed, Indicator name Global WiFi for Biz registrations / Value 14,350 companies / Year on year against the same period last year Not disclosed, Indicator name Company-wide recurring revenue / Value ¥40.2 100 million / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Global WiFi ARPU / Value Not disclosed, Indicator name Number of World eSIM transactions / Value 47.5 ten thousand items / Year on year against the same period last year 47.2 ten thousand items, Indicator name Unlimited plan usage rate / Value 79 % / Year on year against the same period last year Not disclosed
Number of employeesHiring plan 45 People / Initial plan 40 People
Assumptions Underlying the Business OutlookItem Exchange rate (per US dollar) / At the start of the fiscal year 155 Yen / Current status 158 Yen, Item Recovery in overseas travel / At the start of the fiscal year 75 % (vs. 2019) / Current status 74.4 % (vs. 2019), Item Hiring plan / At the start of the fiscal year 40 People / Current status 45 People
Medium-term management plan targetsThe Medium-Term Management Plan has been withdrawn. As a growth strategy, it describes a long-term business scale of ¥10 billion in operating profit, followed by ¥20 billion, but these are not targets or commitments for any specific fiscal year.
Financial targetsROE 23.6 % / Cost of equity 6.9 % / Equity spread 16.7 pt
Annual Dividend¥51 per share
Payout ratio54.1 %
Acquisition of treasury shares¥17 100 million
New initiativesIntroduction of a progressive dividend policy, Withdrawal of the Medium-Term Management Plan, Launch of the AI Radio Signal Improvement Plan, Rollout of World VPN, Launch of the 24-hour, multilingual sales center in Cebu, Plan to open the Awaji Island glamping facility in early 2027, M&A and consolidation of フリープラス, M&A of アイウィッシュ賃貸保証
Items this document does not state (7)
Progress against full-year forecastNumber of stores and locationsRisk 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.

In the Global WiFi business, demand recovery fell short of expectations due to travel restraint amid the situation in the Middle East and a preference for trips that are cheaper, closer and shorter. In the Information and Communications Services business, results were affected by revisions to agency terms and costs associated with strengthening recurring revenue and opening large conference rooms. Revenue growth in the Information and Communications Services and Glamping and Tourism businesses, together with controls on selling, general and administrative expenses such as advertising and personnel costs, supported profit and offset these effects.

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 Third Quarter of the Fiscal Year Ending December 2026 | VISION INC. (9416) timely disclosure | Komori