Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
19.4
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 October 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales46,825¥ millionYear on year +19.4%Progress 54.8%
Operating profit11,126¥ millionYear on year +28.2%Progress 67.0%
Ordinary income11,437¥ millionYear on year +29.0%Progress 66.9%
Net income attributable to owners of the parent7,961¥ millionYear on year +26.1%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥156.16
Financial position at period-end
Total assets131,574¥ million
of which net assets 108,074 ¥ millionEquity ratio 82.1%vs. prior year-end -1.5pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+12,574
Investment-3,607
Financials-9,103
Net change-136
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥33,444 million
Segment revenue
Accounting firm business segment26,50856.6%+3.9%
Local government business segment18,78940.1%+54.6%
Printing business segment1,5273.3%-1.9%
Segment profit
Accounting firm business segment5,44349.0%-22.2%
Local government business segment5,67151.0%+237.5%
Printing business segment30.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥85,500 million (YoY +2.4%)
Operating profit¥16,600 million (YoY +2.8%)
Ordinary income¥17,100 million (YoY +3.1%)
Profit attributable to owners of the parent¥12,150 million (YoY +0.5%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥110.00 → ¥110.00（0.0%）
Shareholder Return PolicyBasic policy of targeting a consolidated payout ratio of 50%
Factors Behind Changes in Business Performance
The main factor was temporary revenue from supporting the transition to systems compliant with standard specifications and migration to the Government Cloud in the local government business segment (96 local governments), creating a “standardization windfall.”
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew No / Excluded No / Company name None
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥3 million, Gain on sale of non-current assets ¥1 million / Extraordinary loss Loss on sale of fixed assets ¥9 million, Loss on Disposal of Fixed Assets ¥21 million
Depreciation and amortization¥2,282 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End50,241,466 Shares
Treasury Shares at Period-End447,171 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025–31 March 2026 |
| Net Sales | ¥46,825 million (YoY +19.4%) |
| Operating profit | ¥11,126 million (YoY +28.2%) |
| Ordinary income | ¥11,437 million (YoY +29.0%) |
| Profit attributable to owners of the parent | ¥7,961 million (YoY +26.1%) |
| Net income per share | ¥156.16 |
| Equity ratio | End of the current fiscal period 82.1% / End of previous period 83.6% |
| Total assets | ¥131,574 million |
| Net assets | ¥108,074 million |
| Cash flows from operating activities | ¥12,574 million |
| Cash flows from investing activities | ¥-3,607 million |
| Cash flows from financing activities | ¥-9,103 million |
| Cash and cash equivalents at end of period | ¥33,444 million |
| Full-year earnings forecast | Net Sales ¥85,500 million (YoY +2.4%) / Operating profit ¥16,600 million (YoY +2.8%) / Ordinary income ¥17,100 million (YoY +3.1%) / Profit attributable to owners of the parent ¥12,150 million (YoY +0.5%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥110.00 → ¥110.00（0.0%） |
| Shareholder Return Policy | Basic policy of targeting a consolidated payout ratio of 50% |
| Segment revenue | Accounting firm business segment ¥26,508 million (YoY +3.9%) / Local government business segment ¥18,789 million (YoY +54.6%) / Printing business segment ¥1,527 million (YoY -1.9%) |
| Segment profit | Accounting firm business segment ¥5,443 million (YoY -22.2%) / Local government business segment ¥5,671 million (YoY +237.5%) / Printing business segment ¥3 million |
| Depreciation and amortization | ¥2,282 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥3 million, Gain on sale of non-current assets ¥1 million / Extraordinary loss Loss on sale of fixed assets ¥9 million, Loss on Disposal of Fixed Assets ¥21 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New No / Excluded No / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 50,241,466 Shares |
| Treasury Shares at Period-End | 447,171 Shares |
| Factors Behind Changes in Business Performance | The main factor was temporary revenue from supporting the transition to systems compliant with standard specifications and migration to the Government Cloud in the local government business segment (96 local governments), creating a “standardization windfall.” |
Items this document does not state (6)
Operating MarginPayout ratioRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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 factor was temporary revenue from supporting the transition to systems compliant with standard specifications and migration to the Government Cloud in the local government business segment (96 local governments), creating a “standardization windfall.”
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.