Worth reading
76Important
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
403
¥ million (year-on-year change in net sales, decrease)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending September 2026, full year13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,600 million+79.9%
Operating profit¥21 million+12.9%
Ordinary income¥23 million+13.3%
Net income¥6 million+5.3%
Operating profit margin1.3 %
Results for the three months of the current quarter
Net Sales
¥551 million+89.8%
Operating profit
¥135 million+184.2%
Ordinary income
¥136 million
Net income
¥86 million
Full-year earnings forecast
Fiscal year ending September 2027
Net Sales
¥2,000 million
Operating profit
¥200 million
Ordinary income
¥200 million
Net income
¥130 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。
vs. Revised Plan ② for the fiscal year ending September 2026
Net Sales100.0%
Operating profit100.7%
Ordinary income102.8%
Net income100.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below the initial plan, but in line with the revised plan, ultimately finishing after an upward revisionBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Cash flows from operating activities¥-230 millionFactorsSignificant decline in profit before tax due to the sale of subsidiary shares, among other factors
- Cash flows from investing activities¥-118 millionFactorsInvestment associated with the development of a new coaching system
- Cash flows from financing activities¥685 millionFactorsIssuance of new shares to Nikkei Inc., among other transactions
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Recent order trends
- Sales pipeline progress
- Investment-led in the first half of the fiscal year ending September 2027, with results expected to emerge in the second half
New initiatives
- Launch of the second cohort of the Nikkei Executive Coach certification program
- Expansion of the coaching-supported recruitment business
- Issuance of the sixth and seventh series of stock acquisition rights
- Establishment of newly formed subsidiary ビジネスコーチソリューションズ
- Promotion of M&A in the human capital management sector
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥47 million+20.0%
- Number of business partners344 companiesyoy_change32
- Average net sales per company¥4,593 thousandyoy_change-424
- Participant satisfaction4.82 Out of 5
- Number of partner coaches259 People
- Consolidated headcount63 People
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of business partners
344 companies
yoy_change32
Average net sales per company
¥4,593 thousand
yoy_change-424
Segment results
Human Resources Development Business
Net sales, fourth quarter of the fiscal year ending September 2026
¥551 million+128.8%
Operating profit, fourth quarter of the fiscal year ending September 2026
¥135 million+709.3%
Medium-term management plan targets
Fiscal year ending September 2027
Net Sales¥2,000 million
Operating profit¥200 million
Operating profit margin10.0%
Fiscal year ending September 2030
Net Sales¥5,000 million
Operating profit¥1,000 million
Operating profit margin20.0%
Financial targets
Net debt-to-equity ratio1x or less
Operating profit margin20%
Operating profit¥1 billion
Market Size / Share
- Human capital management market: ¥1 trillion+
- Training services market: ¥560 billion+
- Potential market for coaching and other human resources development businesses: ¥42 billion+
- US coaching market: approximately ¥3 trillion
- Japan coaching market: ¥9 billion
Number of employees
Group employee count at the end of September 202663 People
Change during the period5 fewer employees in the human resources development business since the third quarter
Annual Dividend
¥17 /share
Payout ratio
A consolidated payout ratio of 30% as a benchmark, or ¥17 per share, whichever is higher| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending September 2026, full year |
| Net Sales | ¥1,600 million (YoY +79.9%) |
| Operating profit | ¥21 million (YoY +12.9%) |
| Ordinary income | ¥23 million (YoY +13.3%) |
| Net income | ¥6 million (YoY +5.3%) |
| Operating profit margin | 1.3 % |
| Results for the three months of the current quarter | Net Sales ¥551 million (YoY +89.8%) / Operating profit ¥135 million (YoY +184.2%) / Ordinary income ¥136 million / Net income ¥86 million |
| Full-year earnings forecast | Fiscal year ending September 2027 Net Sales ¥2,000 million / Operating profit ¥200 million / Ordinary income ¥200 million / Net income ¥130 million |
| Progress against full-year forecast | vs. Revised Plan ② for the fiscal year ending September 2026 Net Sales 100.0% / Operating profit 100.7% / Ordinary income 102.8% / Net income 100.9% |
| Self-assessment against the plan | Below the initial plan, but in line with the revised plan, ultimately finishing after an upward revision |
| Segment results | Human Resources Development Business Net sales, fourth quarter of the fiscal year ending September 2026 ¥551 million (YoY +128.8%) / Operating profit, fourth quarter of the fiscal year ending September 2026 ¥135 million (YoY +709.3%) |
| Breakdown of Factors Affecting the Change | Factors Significant decline in profit before tax due to the sale of subsidiary shares, among other factors / Amount ¥-230 million / Subject Cash flows from operating activities, Factors Investment associated with the development of a new coaching system / Amount ¥-118 million / Subject Cash flows from investing activities, Factors Issuance of new shares to Nikkei Inc., among other transactions / Amount ¥685 million / Subject Cash flows from financing activities |
| Key KPIs | EBITDA ¥47 million (YoY +20.0%), Number of business partners 344 companies, Average net sales per company ¥4,593 thousand, Participant satisfaction 4.82 Out of 5, Number of partner coaches 259 People, Consolidated headcount 63 People |
| Unit price and quantity metrics | Number of business partners 344 companies / Average net sales per company ¥4,593 thousand |
| Number of employees | 63 People |
| Assumptions Underlying the Business Outlook | Recent order trends, Sales pipeline progress, Investment-led in the first half of the fiscal year ending September 2027, with results expected to emerge in the second half |
| Medium-term management plan targets | Fiscal year ending September 2027 Net Sales ¥2,000 million / Operating profit ¥200 million / Operating profit margin 10.0% / Fiscal year ending September 2030 Net Sales ¥5,000 million / Operating profit ¥1,000 million / Operating profit margin 20.0% |
| Financial targets | Net debt-to-equity ratio 1x or less / Operating profit margin 20% / Operating profit ¥1 billion |
| Annual Dividend | ¥17 /share |
| Payout ratio | A consolidated payout ratio of 30% as a benchmark, or ¥17 per share, whichever is higher |
| Market Size / Share | Human capital management market: ¥1 trillion+, Training services market: ¥560 billion+, Potential market for coaching and other human resources development businesses: ¥42 billion+, US coaching market: approximately ¥3 trillion, Japan coaching market: ¥9 billion |
| New initiatives | Launch of the second cohort of the Nikkei Executive Coach certification program, Expansion of the coaching-supported recruitment business, Issuance of the sixth and seventh series of stock acquisition rights, Establishment of newly formed subsidiary ビジネスコーチソリューションズ, Promotion of M&A in the human capital management sector |
Items this document does not state (8)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsRisk amount incorporated into the outlookAcquisition 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 separation of the DX business, longer customer decision-making and implementation preparation periods associated with the structural shift toward large-scale projects, and the timing of some project launches being spread out were cited as factors behind the decline in revenue. At the same time, the company said it finished above its revised plan due to the recovery in the pace of orders and the recognition of revenue from projects ordered by the third quarter.
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.