Worth reading
75Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
367
¥ million (revision to the full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending September 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,856 million yen
Operating profit475 million yen
Ordinary income474 million yen
Net income324 million yen
Selling, general and administrative expenses664 million yen
Gross Profit Margin25.6% (year-on-year change in percentage points: Not disclosed)
Operating profit margin25.6% (year-on-year change: Not disclosed)
Results for the three months of the current quarter
Net Sales
1,035 million yen+78.1%
Gross profit
665 million yen+84.0%
Selling, general and administrative expenses
388 million yen+123.7%
Operating profit
276 million yen+47.2%
Operating profit margin
26.7 %
yoy_change_pt-5.6
Ordinary income
275 million yen+46.7%
Net income
186 million yen+37.8%
Full-year earnings forecast
Net Sales
4,008 million yen
Gross profit
2,563 million yen
Selling, general and administrative expenses
1,435 million yen
Operating profit
1,127 million yen
Ordinary income
1,126 million yen
Net income
765 million 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。
Revised plan
Net Sales46.3
Gross profit44.5
Selling, general and administrative expenses46.3
Operating profit42.1
Ordinary income42.1
Net income42.4
Initial plan
Net Sales51
Gross profit51.6
Selling, general and administrative expenses54.3
Operating profit48.3
Ordinary income48.8
Net income45.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is considered steady even against the revised planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Increase in revenue454
Increase in outsourcing expenses-143
Increase in personnel expenses-24
Change in rent and lease expenses0
Increase in fees and commissions12
Decrease in recruitment and training expenses-76
Increase in amortization of goodwill and other intangible assets-26
Increase in other expenses-107
Quarter-on-quarter operating profit
Increase in revenue214
Increase in outsourcing expenses-20
Increase in personnel expenses-7
Change in rent and lease expenses0
Increase in fees and commissions-77
Decrease in recruitment and training expenses0
Increase in amortization of goodwill and other intangible assets-17
Increase in other expenses-13
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Historically back-end-loaded performance, Spica's contribution to consolidated results, and the expectation that favorable business conditions will continue from 3Q onwardNew initiatives
- Acquisition of 100% of Spica's shares and making Spica a subsidiary
- As part of Spica's post-merger integration (PMI), introducing KPI management and marketing initiatives
- Development and internal use of “慧眼AI,” a generative-AI data analytics agent
Key KPIsA metric the company considers important as a management benchmark.
- Revenue per employee19.5 million yenYear on year against the same period last year+27.9%
- Number of employees95 peopleYear on year against the same period last year+31.9%
- Revenue from enterprise customersYear on year against the same period last year+58.9%
- Business-unit gross profit margin (enterprise customers)
- Business-unit gross profit margin (SMB customers)
Financial targets
Net Debt/EBITDA△0.4x
Goodwill-to-net-assets ratio0.6x
Net debt-to-equity ratio△0.2x
Equity ratio46%
Market Size / Share
Internet advertising marketApproximately ¥4.0 trillion (2025)
Internet advertising market CAGR12%
Performance-based advertising market CAGR19%
Performance-based advertising as a percentage of internet advertising media spend88.7% of internet advertising media spend (2025)
Live-streaming platform market$567 million (2020), $3.028 billion (forecast for 2027)
Number of employees
Number of Employees95 people
Change during the periodUp 23 people year on year (+31.9%)
Hiring plan16 new employees will join the Company on 1 April 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | 1,856 million yen |
| Operating profit | 475 million yen |
| Ordinary income | 474 million yen |
| Net income | 324 million yen |
| Gross Profit Margin | 25.6% (year-on-year change in percentage points: Not disclosed) |
| Operating profit margin | 25.6% (year-on-year change: Not disclosed) |
| Selling, general and administrative expenses | 664 million yen |
| Results for the three months of the current quarter | Net Sales 1,035 million yen (YoY +78.1%) / Gross profit 665 million yen (YoY +84.0%) / Selling, general and administrative expenses 388 million yen (YoY +123.7%) / Operating profit 276 million yen (YoY +47.2%) / Operating profit margin 26.7 % / Ordinary income 275 million yen (YoY +46.7%) / Net income 186 million yen (YoY +37.8%) |
| Full-year earnings forecast | Net Sales 4,008 million yen / Gross profit 2,563 million yen / Selling, general and administrative expenses 1,435 million yen / Operating profit 1,127 million yen / Ordinary income 1,126 million yen / Net income 765 million yen |
| Progress against full-year forecast | Revised plan Net Sales 46.3 / Gross profit 44.5 / Selling, general and administrative expenses 46.3 / Operating profit 42.1 / Ordinary income 42.1 / Net income 42.4 / Initial plan Net Sales 51 / Gross profit 51.6 / Selling, general and administrative expenses 54.3 / Operating profit 48.3 / Ordinary income 48.8 / Net income 45.8 |
| Self-assessment against the plan | Progress is considered steady even against the revised plan |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit Increase in revenue 454 / Increase in outsourcing expenses -143 / Increase in personnel expenses -24 / Change in rent and lease expenses 0 / Increase in fees and commissions 12 / Decrease in recruitment and training expenses -76 / Increase in amortization of goodwill and other intangible assets -26 / Increase in other expenses -107 / Quarter-on-quarter operating profit Increase in revenue 214 / Increase in outsourcing expenses -20 / Increase in personnel expenses -7 / Change in rent and lease expenses 0 / Increase in fees and commissions -77 / Decrease in recruitment and training expenses 0 / Increase in amortization of goodwill and other intangible assets -17 / Increase in other expenses -13 |
| Key KPIs | Indicator name Revenue per employee / Value 19.5 million yen / Year on year against the same period last year 27.9 million yen, Indicator name Number of employees / Value 95 people / Year on year against the same period last year 31.9 people, Indicator name Revenue from enterprise customers / Value Not disclosed / Year on year against the same period last year 58.9, Indicator name Business-unit gross profit margin (enterprise customers) / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Business-unit gross profit margin (SMB customers) / Value Not disclosed / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 95 people / Change during the period Up 23 people year on year (+31.9%) / Hiring plan 16 new employees will join the Company on 1 April 2026 |
| Assumptions Underlying the Business Outlook | Historically back-end-loaded performance, Spica's contribution to consolidated results, and the expectation that favorable business conditions will continue from 3Q onward |
| Financial targets | Net Debt/EBITDA △0.4x / Goodwill-to-net-assets ratio 0.6x / Net debt-to-equity ratio △0.2x / Equity ratio 46% |
| Market Size / Share | Internet advertising market Approximately ¥4.0 trillion (2025) / Internet advertising market CAGR 12% / Performance-based advertising market CAGR 19% / Performance-based advertising as a percentage of internet advertising media spend 88.7% of internet advertising media spend (2025) / Live-streaming platform market $567 million (2020), $3.028 billion (forecast for 2027) |
| New initiatives | Acquisition of 100% of Spica's shares and making Spica a subsidiary, As part of Spica's post-merger integration (PMI), introducing KPI management and marketing initiatives, Development and internal use of “慧眼AI,” a generative-AI data analytics agent |
Items this document does not state (11)
Segment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan 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.The Company expects performance to exceed the initial plan, driven by the continued acquisition of new customers, particularly enterprise customers, as well as the M&A acquisition of Spica Co., Ltd.
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.