Informetis Co., Ltd.

Informetis Corporation operates under the mission "Changing the future of daily life through the power of energy data," and runs its Energy Informatics business as a single segment centered on power AI technology built around NILM (Non-Intrusive Load Monitoring, an appliance-disaggregation estimation technology) originating from Sony Group. Its main customers form a two-tier structure: power consumers such as rental property operators and homebuilders, and power business operators such as retail electricity providers and aggregators. Domestically, the company uses Energy Gateway Inc., a joint venture with Tokyo Electric Power Grid, as its exclusive sales agent, while overseas it operates through its UK subsidiary, Informetis Europe Ltd., offering heat pump-related services in collaboration with Daikin Industries. The company views the social demand for carbon neutrality and Green Transformation (GX) promotion as a business opportunity, and positions the spread of next-generation smart meters as the core driver of its medium- to long-term growth.

Revenue is composed of three categories: "Upfront" (power sensor sales and initial setup fees), "Platform/App provision" (recurring revenue such as monthly usage fees), and "Other" (contract development and demonstration experiment fees). The company has adopted a recurring model in which sensor sales (flow-type) form the foundation for future platform usage fees (stock-type), and the churn rate has remained close to zero. Management places emphasis on ARR (Annual Recurring Revenue) as a key indicator, which stood at ¥345 million as of the end of December 2025. In FY2025 (ending December 2025), while the stock-type revenue ratio increased, overall sales scale contracted significantly due to the termination of a contract with a major customer.

For 1Q FY2026 (ending December 2026) (January–March 2026), net sales rose sharply to ¥203 million, up 72.0% year on year (compared with ¥118 million in the same period last year). Cost of sales decreased from ¥78 million in the prior-year period to ¥59 million, leading to a substantial improvement in gross margin (from 33.4% in the prior-year period to 71.1% in the current period). However, SG&A expenses of ¥219 million weighed on results, resulting in an operating loss of ¥74 million (an improvement from the ¥130 million loss in the prior-year period). The company recorded equity in earnings of affiliates of ¥73 million, resulting in ordinary profit of ¥2 million and quarterly net profit of ¥2 million, turning profitable. Regarding financial position, total assets stood at ¥1,918 million (up ¥270 million from the end of the previous fiscal year), net assets at ¥879 million (up ¥293 million), and the equity ratio improved to 45.8% (from 35.3% at the end of the previous fiscal year). The main driver of the increase in net assets was a ¥147 million increase each in capital stock and capital surplus resulting from the exercise of MS warrants. The full-year forecast remains unchanged, with net sales of ¥845 million, an operating loss of ¥395 million, and a net loss of ¥351 million. As for external factors, the full-scale expansion of the capacity market and the supply-demand adjustment market, along with accelerated adoption of next-generation smart meters, are expected to provide tailwinds, while the impact of the loss of a major customer is expected to fully materialize from April 2026 onward.