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Earnings presentation materials9450Fibergate Inc.Information and Communications, Services and Others

Financial Results Presentation for the First Quarter of the Fiscal Year Ending June 2027

In the first quarter of the fiscal year ending June 2027, revenue increased 12.3% year on year and ordinary profit increased 7.5%, while operating profit progress against the full-year forecast was 24.0%. Meanwhile, the home-use business reported lower profit due to factors including higher costs, and growth in cross-selling and connected units also showed signs of slowing.

Worth reading
78Important
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
12.3
% (year-on-year change in net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsFirst quarter of the fiscal year ending June 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,882 Millions of yen+12.3%
Operating profit448 Millions of yen+8.8%
Ordinary income437 Millions of yen+7.5%
Net income287 Millions of yen+0.2%
Operating profit margin11.5 %
Results for the three months of the current quarter
Net Sales
3,882 Millions of yen
Operating profit
448 Millions of yen
Ordinary income
437 Millions of yen
Net income attributable to owners of the parent
287 Millions of yen
Full-year earnings forecast
Net Sales
16,500 Millions of yen
Operating profit
1,870 Millions of yen
Ordinary income
1,820 Millions of yen
Net income attributable to owners of the parent
1,140 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 Sales23.5%
Operating profit24.0%
Ordinary income24.1%
Net income attributable to owners of the parent25.2%
Home-use revenue23.5%
Business-use revenue25.5%
Real estate revenue45.2%
Renewable energy and other revenue9.3%
Home-use operating profit20.6%
Business-use operating profit26.4%
Real estate operating income51.7%
Adjusted operating profit17.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Broadly at cruising speed
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
1Q FY2027 June ordinary profit YoY
Revenue growth effect+¥150 million
Configuration differences-¥130 million
Impact of recognizing equipment costs all at once+¥10 million
Change in depreciation and amortization expense+¥10 million
Change in personnel expenses-¥40 million
Change in other fixed costs-¥10 million
Change in variable-cost unit prices+¥40 million
Non-operating income and expenses-¥10 million
Full-year ordinary profit outlook vs. prior fiscal year
Revenue growth effect+¥1.09 billion
Configuration differences-¥310 million
Impact of recognizing equipment costs all at once-¥120 million
Change in depreciation and amortization expense-¥30 million
Change in personnel expenses-¥320 million
Change in other fixed costs-¥360 million
Change in variable-cost unit prices+¥80 million
Non-operating income and expenses-¥0.02 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Residence Wi-Fi service connected units at period-end800,000
Annual increase in connected units60,000
Business-use 2Q-4Q flow revenueProjected to decline by ¥790 million year on year
New initiatives
  • Capital and business alliance with Sony Network Communications Inc.
  • Launch of three fiber-optic plans for multi-dwelling units using NURO
  • Productivity improvements through system renewal
  • Full-scale rollout of B2C contracts for heavy users
  • Renewed acceleration of cross-selling
  • Acceleration of in-house execution of construction work
Key KPIsA metric the company considers important as a management benchmark.
  • Residence Wi-Fi service connected units751.5 thousand households
  • Business-use 1Q flow revenue
    Year on year against the same period last year+15%
  • Cross-sell ratio of home-use flow revenue12 %
  • EBITDA¥8.5 100 million
    Year on year against the same period last yearApproximately unchanged year on year
  • EBITDA margin22 %
    Year on year against the same period last yearDown
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Outright-sale contract ratio among service launch units26.9%
Share of new-build projects in total activated units62%
Quarterly increase in connected residential Wi-Fi units12,000 units
Segment results
Home Use
Net Sales
2,952 Millions of yen+7.3%
Operating profit
575 Millions of yen-2.7%
Business Use
Net Sales
461 Millions of yen+18.6%
Operating profit
110 Millions of yen+34.8%
Real Estate
Net Sales
339 Millions of yen+14.5%
Operating profit
28 Millions of yen+8.3%
Renewable energy and other
Net Sales
128 Millions of yen
Operating profit
-27 Millions of yen
Capital expenditures
0.4 Billion yen system renewal investment
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredFirst quarter of the fiscal year ending June 2027
Net Sales3,882 Millions of yen (YoY +12.3%)
Operating profit448 Millions of yen (YoY +8.8%)
Ordinary income437 Millions of yen (YoY +7.5%)
Net income287 Millions of yen (YoY +0.2%)
Operating profit margin11.5 %
Results for the three months of the current quarterNet Sales 3,882 Millions of yen / Operating profit 448 Millions of yen / Ordinary income 437 Millions of yen / Net income attributable to owners of the parent 287 Millions of yen
Full-year earnings forecastNet Sales 16,500 Millions of yen / Operating profit 1,870 Millions of yen / Ordinary income 1,820 Millions of yen / Net income attributable to owners of the parent 1,140 Millions of yen
Progress against full-year forecastNet Sales 23.5% / Operating profit 24.0% / Ordinary income 24.1% / Net income attributable to owners of the parent 25.2% / Home-use revenue 23.5% / Business-use revenue 25.5% / Real estate revenue 45.2% / Renewable energy and other revenue 9.3% / Home-use operating profit 20.6% / Business-use operating profit 26.4% / Real estate operating income 51.7% / Adjusted operating profit 17.0%
Self-assessment against the planBroadly at cruising speed
Segment resultsHome Use Net Sales 2,952 Millions of yen (YoY +7.3%) / Operating profit 575 Millions of yen (YoY -2.7%) / Business Use Net Sales 461 Millions of yen (YoY +18.6%) / Operating profit 110 Millions of yen (YoY +34.8%) / Real Estate Net Sales 339 Millions of yen (YoY +14.5%) / Operating profit 28 Millions of yen (YoY +8.3%) / Renewable energy and other Net Sales 128 Millions of yen / Operating profit -27 Millions of yen
Breakdown of Factors Affecting the Change1Q FY2027 June ordinary profit YoY Revenue growth effect +¥150 million / Configuration differences -¥130 million / Impact of recognizing equipment costs all at once +¥10 million / Change in depreciation and amortization expense +¥10 million / Change in personnel expenses -¥40 million / Change in other fixed costs -¥10 million / Change in variable-cost unit prices +¥40 million / Non-operating income and expenses -¥10 million / Full-year ordinary profit outlook vs. prior fiscal year Revenue growth effect +¥1.09 billion / Configuration differences -¥310 million / Impact of recognizing equipment costs all at once -¥120 million / Change in depreciation and amortization expense -¥30 million / Change in personnel expenses -¥320 million / Change in other fixed costs -¥360 million / Change in variable-cost unit prices +¥80 million / Non-operating income and expenses -¥0.02 billion
Key KPIsIndicator name Residence Wi-Fi service connected units / Value 751.5 thousand households / Year on year against the same period last year Not disclosed, Indicator name Business-use 1Q flow revenue / Value Not disclosed / Year on year against the same period last year +15%, Indicator name Cross-sell ratio of home-use flow revenue / Value 12 % / Year on year against the same period last year Not disclosed, Indicator name EBITDA / Value ¥8.5 100 million / Year on year against the same period last year Approximately unchanged year on year, Indicator name EBITDA margin / Value 22 % / Year on year against the same period last year Down
Unit price and quantity metricsOutright-sale contract ratio among service launch units 26.9% / Share of new-build projects in total activated units 62% / Quarterly increase in connected residential Wi-Fi units 12,000 units / Business-use flow revenue Not disclosed
Assumptions Underlying the Business OutlookResidence Wi-Fi service connected units at period-end 800,000 / Annual increase in connected units 60,000 / Business-use 2Q-4Q flow revenue Projected to decline by ¥790 million year on year
Capital expenditures0.4 Billion yen (system renewal investment)
New initiativesCapital and business alliance with Sony Network Communications Inc., Launch of three fiber-optic plans for multi-dwelling units using NURO, Productivity improvements through system renewal, Full-scale rollout of B2C contracts for heavy users, Renewed acceleration of cross-selling, Acceleration of in-house execution of construction work
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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 addition to the benefit of higher revenue, the suppression of variable costs through more efficient management of selling and payment fees, outsourced operating expenses and other costs contributed to the increase in profit. Meanwhile, construction-related costs, higher personnel expenses and a higher proportion of businesses with low profit margins were factors behind the decline in profit.

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 Presentation for the First Quarter of the Fiscal Year Ending June 2027 | Fibergate Inc. (9450) timely disclosure | Komori