At its earnings briefing for the first half of the fiscal year ending February 2027, VRAIN Solution reported substantial year-on-year revenue growth, with operating income and net income also increasing significantly. It also established new locations in Kanazawa and Nagoya, creating a three-plant network, and is advancing development in the physical AI field to strengthen coordination between AI and robotics, as well as expanding overseas.
For the first half of the fiscal year ending February 2027, revenue was approximately ¥1.884 billion, gross profit approximately ¥1.436 billion, operating income approximately ¥490 million and net income approximately ¥267 million, with all showing substantial increases from the previous period. The order backlog stood at ¥1.308 billion, and the cumulative number of companies with which it has transacted reached 394. Topics for the first half included establishing the Kanazawa Sales Office and opening the Nagoya Plant in Japan, creating a three-plant network. The company is also exhibiting at trade shows to develop new customers.
Under its medium-term management policy, the company plans full-year revenue of ¥4.823 billion, up 47.1% from the previous period, operating income of ¥1.449 billion, up 58.5%, and net income of ¥97.2 million. For overseas expansion, it plans to establish locations in Utsunomiya, Nagano, Hiroshima and Fukuoka, while continuing to strengthen sales of AI X-ray inspection machines. Following the establishment of the Nagoya Plant, the company is strengthening its equipment manufacturing and support systems, and has set a target of 1.5-fold growth in its medium-term plan.
Key KPIs include the acquisition of 57 new customers, bringing the cumulative total to 394, while sales to continuing customers were approximately ¥1.084 billion, accounting for approximately 57.5% of total revenue. The order backlog remained 3% above the level at the end of the previous fiscal year, and the average selling price of AI systems was approximately ¥20 million. First-half revenue increased 45.2% compared with the second quarter of the previous fiscal year and approximately 90.6% compared with the first quarter of the previous fiscal year.