Worth reading
72In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
96.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationQ3 FY20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,966 million
Operating profit¥795 million
Ordinary income¥787 million
Net income¥530 million
Selling, general and administrative expenses¥1,036 million
Operating profit margin
Rate26.8%
Results for the three months of the current quarter
Net Sales¥1,110 million (up 59.0% year on year, up 7.2% quarter on quarter)
Gross profit¥692 million (up 66.9% year on year, up 4.1% quarter on quarter)
Selling, general and administrative expenses¥371 million (up 47.7% year on year, down 4.4% quarter on quarter)
Operating profit¥320 million (up 96.6% year on year, up 15.9% quarter on quarter)
Operating profit margin28.9% (up 5.5 percentage points year on year, up 2.2 percentage points quarter on quarter)
Ordinary income¥312 million (up 91.9% year on year, up 13.7% quarter on quarter)
Profit attributable to owners of parent for the quarter¥206 million (up 85.1% year on year, up 10.6% quarter on quarter)
Full-year earnings forecast
Net Sales¥4,008 million
Gross profit¥2,563 million
Selling, general and administrative expenses¥1,435 million
Operating profit¥1,127 million
Operating profit margin28.1%
Ordinary income¥1,126 million
Profit attributable to owners of the parent¥765 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 Sales74.0%
Gross profit71.5%
Selling, general and administrative expenses72.2%
Operating profit70.6%
Ordinary income69.9%
Profit attributable to owners of the parent69.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is considered to be on track against the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit bridge
Operating profit, 3Q FY9/25¥163 million
Increase in revenue+¥411 million
Increase in outsourcing expenses−¥117 million
Increase in personnel expenses-¥38 million
Change in rent and lease expenses¥0 million
Decrease in professional fees and other expenses+¥23 million
Change in recruitment and training expenses-¥6 million
Increase in amortization of goodwill and other intangible assets−¥27 million
Increase in other expenses−¥88 million
Operating profit, 3Q FY9/26¥320 million
Quarter-on-quarter operating profit bridge
Operating profit, 2Q FY9/26¥276 million
Increase in revenue+¥74 million
Increase in outsourcing expenses−¥18 million
Increase in personnel expenses-¥38 million
Change in rent and lease expenses¥0 million
Decrease in professional fees and other expenses+¥75 million
Change in recruitment and training expenses−¥3 million
Increase in amortization of goodwill and other intangible assets-¥8 million
Increase in other expenses△¥36 million
Operating profit, 3Q FY9/26¥320 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Favorable business conditions are expected to continue in the fourth quarter. However, numerical assumptions for foreign exchange rates, raw material prices, interest rates and other factors are Not disclosedNew initiatives
- Acquisition of 100% of Spica's shares, making it a subsidiary, and consolidation of its P/L from February 2026
- Introduction of KPI management and marketing initiatives as part of PMI with Spica
- 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 employee¥26.7 millionYear on year against the same period last year+41.2%
- Number of employees111 PeopleYear on year against the same period last year+16.8%, +16 people
- Revenue from enterprise customersYear on year against the same period last year+54.0%
- Percentage of Female Managers21.2 %
- Female employee ratio31.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The presentation refers to higher average revenue per enterprise customer and expanded product cross-selling, but numerical breakdowns such as customer numbers and average revenue per customer are Not disclosedFinancial targets
Net Debt/EBITDA△0.6x
Goodwill-to-net-assets ratio0.6x
Net debt-to-equity ratio△0.3x
Equity ratio50%
Market Size / Share
- Japan's internet advertising market: ¥4.0 trillion in 2025
- Programmatic advertising market: ¥2.9 trillion in 2025
- Programmatic advertising's share of internet advertising media spending: 88.7%
- Compound annual growth rate of the internet advertising market: 12%
- Compound annual growth rate of the programmatic advertising market: 19%
- Live-streaming platform market: $567 million in 2020 and $3.028 billion in 2027
Number of employees
Number of Employees111 consolidated employees (as of the end of the 3rd quarter of the fiscal year ending September 2026)
Change during the period+16 people year on year
Hiring plan16 new employees joined the company in April 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥2,966 million |
| Operating profit | ¥795 million |
| Ordinary income | ¥787 million |
| Net income | ¥530 million |
| Operating profit margin | Rate 26.8% / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | ¥1,036 million |
| Results for the three months of the current quarter | Net Sales ¥1,110 million (up 59.0% year on year, up 7.2% quarter on quarter) / Gross profit ¥692 million (up 66.9% year on year, up 4.1% quarter on quarter) / Selling, general and administrative expenses ¥371 million (up 47.7% year on year, down 4.4% quarter on quarter) / Operating profit ¥320 million (up 96.6% year on year, up 15.9% quarter on quarter) / Operating profit margin 28.9% (up 5.5 percentage points year on year, up 2.2 percentage points quarter on quarter) / Ordinary income ¥312 million (up 91.9% year on year, up 13.7% quarter on quarter) / Profit attributable to owners of parent for the quarter ¥206 million (up 85.1% year on year, up 10.6% quarter on quarter) |
| Full-year earnings forecast | Net Sales ¥4,008 million / Gross profit ¥2,563 million / Selling, general and administrative expenses ¥1,435 million / Operating profit ¥1,127 million / Operating profit margin 28.1% / Ordinary income ¥1,126 million / Profit attributable to owners of the parent ¥765 million |
| Progress against full-year forecast | Net Sales 74.0% / Gross profit 71.5% / Selling, general and administrative expenses 72.2% / Operating profit 70.6% / Ordinary income 69.9% / Profit attributable to owners of the parent 69.4% |
| Self-assessment against the plan | Progress is considered to be on track against the plan |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit bridge Operating profit, 3Q FY9/25 ¥163 million / Increase in revenue +¥411 million / Increase in outsourcing expenses −¥117 million / Increase in personnel expenses -¥38 million / Change in rent and lease expenses ¥0 million / Decrease in professional fees and other expenses +¥23 million / Change in recruitment and training expenses -¥6 million / Increase in amortization of goodwill and other intangible assets −¥27 million / Increase in other expenses −¥88 million / Operating profit, 3Q FY9/26 ¥320 million / Quarter-on-quarter operating profit bridge Operating profit, 2Q FY9/26 ¥276 million / Increase in revenue +¥74 million / Increase in outsourcing expenses −¥18 million / Increase in personnel expenses -¥38 million / Change in rent and lease expenses ¥0 million / Decrease in professional fees and other expenses +¥75 million / Change in recruitment and training expenses −¥3 million / Increase in amortization of goodwill and other intangible assets -¥8 million / Increase in other expenses △¥36 million / Operating profit, 3Q FY9/26 ¥320 million |
| Key KPIs | Indicator name Revenue per employee / Value ¥26.7 million / Year on year against the same period last year +41.2%, Indicator name Number of employees / Value 111 People / Year on year against the same period last year +16.8%, +16 people, Indicator name Revenue from enterprise customers / Value Not disclosed / Year on year against the same period last year +54.0%, Indicator name Percentage of Female Managers / Value 21.2 % / Year on year against the same period last year Not disclosed, Indicator name Female employee ratio / Value 31.4 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The presentation refers to higher average revenue per enterprise customer and expanded product cross-selling, but numerical breakdowns such as customer numbers and average revenue per customer are Not disclosed |
| Number of employees | Number of Employees 111 consolidated employees (as of the end of the 3rd quarter of the fiscal year ending September 2026) / Change during the period +16 people year on year / Hiring plan 16 new employees joined the company in April 2026 |
| Assumptions Underlying the Business Outlook | Favorable business conditions are expected to continue in the fourth quarter. However, numerical assumptions for foreign exchange rates, raw material prices, interest rates and other factors are Not disclosed |
| Financial targets | Net Debt/EBITDA △0.6x / Goodwill-to-net-assets ratio 0.6x / Net debt-to-equity ratio △0.3x / Equity ratio 50% |
| Market Size / Share | Japan's internet advertising market: ¥4.0 trillion in 2025, Programmatic advertising market: ¥2.9 trillion in 2025, Programmatic advertising's share of internet advertising media spending: 88.7%, Compound annual growth rate of the internet advertising market: 12%, Compound annual growth rate of the programmatic advertising market: 19%, Live-streaming platform market: $567 million in 2020 and $3.028 billion in 2027 |
| New initiatives | Acquisition of 100% of Spica's shares, making it a subsidiary, and consolidation of its P/L from February 2026, Introduction of KPI management and marketing initiatives as part of PMI with Spica, Development and internal use of “慧眼AI,” a generative-AI data analytics agent |
Items this document does not state (11)
Gross Profit MarginSegment resultsNumber 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 main drivers of the increase in revenue and profit were strong orders from core enterprise customers and the contribution from Spica, which has been consolidated since February 2026. Spot projects from certain customers and the early execution of annual marketing budgets by major customers also contributed.
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.