PLANET, INC.

Business Details

The company operates business-to-business electronic data interchange (EDI) services between manufacturers and wholesalers, as well as database services providing information on trading partners and products, within the distribution industry for daily necessities and cosmetics, pet food and pet supplies, and OTC pharmaceuticals. Sales composition consists of approximately 92.9% from the EDI business and approximately 7.1% from the database business. The company functions as a neutral VAN platform utilizing industry-standard formats and codes, positioned as information infrastructure that centrally supports EDI among multiple companies.

Recent Overview

Nine-month cumulative sales slightly declined but net profit increased; PRS transition completed and treasury stock acquired

Net sales for the nine-month cumulative period of FY2026 (ending March 2026) (August 2025 to April 2026) were ¥2,349 million (down 0.3% year on year). While the slight decline in Core EDI data volume continued, increased sales from the Sales Report Service partially offset this. Due to an increase in non-operating income (interest received of ¥5,874 thousand, approximately four times the prior-year period), ordinary profit increased to ¥449 million (up 0.5% year on year) and quarterly net profit increased to ¥304 million (up 0.9% year on year). In the database business, the conventional Product Database was discontinued at the end of March 2026, transitioning from April 2026 to a new structure of providing systems to and collecting usage fees from PRS. Additionally, based on a board resolution in January 2026, the company acquired 78,600 shares of treasury stock (¥97,857 thousand). Net assets decreased by ¥321 million from the end of the prior fiscal year due to a decline in net unrealized gains on other securities (from ¥610,133 thousand to ¥374,105 thousand). The full-year earnings forecast remains unchanged.

Key Products

Growth Drivers

• Revenue contribution from increased sales of the Sales Report Service (offsetting the slight decline in Core EDI data volume)
• Continued expansion in the number of user companies and connection lines for Logistics EDI (expanding ASN data utilization, centered on major daily necessities and cosmetics companies)
• Steady increase in user companies through horizontal expansion of Core EDI into adjacent industries such as health foods and gardening
• Expansion of adoption of the Return Workflow System/Service launched in September 2025 (operations already underway at early-adopting companies)
• Construction of a next-generation product information platform by Product Registry Service Co., Ltd. (PRS) (service launch in April 2026)
• Support for ordinary profit and net profit from increased non-operating income (expansion of interest and dividend income received)

Risks

• Continuation of the slight downward trend in Core EDI data volume due to item count consolidation and larger product package sizes by some user companies
• Downward pressure on data volume from user companies' resource concentration and efficiency initiatives amid rising logistics costs
• Uncertainty in domestic production activity and risk of cooling consumer sentiment due to trends in US trade policy
• Progressing polarization of consumption in the general consumer goods distribution industry amid continued price increases
• Changes in revenue structure from the database business's transition to PRS (decline in sales due to discontinuation of the Product Database)
• Impact on net assets and equity ratio from fluctuations in the valuation of investment securities and affiliated company shares (net unrealized gains on other securities decreased by ¥236,028 thousand from the end of the prior fiscal year)
• Cash outflow and reduction in shareholders' equity due to treasury stock acquisition (¥97,857 thousand)