System D (3804) investor relations material

Executive summary

• Revenue grew 11.5% year-over-year to ¥4,176 million for Q3 FY2026, with operating profit up 1.9% to ¥706 million and ordinary/recurring profit up 2.0% to ¥712–713 million.

• Net income attributable to shareholders declined 9.3% year-over-year to ¥443–444 million, despite higher sales and operating profit.

• Growth was driven by large-scale project launches, expansion in cloud services, and strong performance in education, public sector, and wellness solutions.

• Focus on developing next-generation products and AI services to strengthen long-term growth foundations.

• Major system launches and AI service pilots in education and compliance sectors.

Financial highlights

• Gross profit rose to ¥1,757 million, up 10.3% year-over-year.

• EPS for the period was ¥23.06, down from ¥25.46 year-over-year (adjusted for a 3-for-1 stock split).

• Comprehensive income was ¥484 million, down 4.9% year-over-year.

• Total assets increased to ¥7,619 million, with net assets at ¥5,319–5,320 million and equity ratio at 69.8%.

• Ordinary profit was ¥712 million, up 2.0% year-over-year.

Outlook and guidance

• Full-year revenue forecast is ¥5,541 million (+10.1% YoY), operating profit ¥1,028 million (+9.6%), and net income ¥703 million (+12.0%).

• No change to previously announced guidance.

• Full-year EPS forecast is ¥36.54 (adjusted for stock split).