SpiderPlus & Co.

Business Details

The sole business segment of SPIDER PLUS Co., Ltd. Centered on its flagship service "SPIDER+" (construction management SaaS), the company provides digitalization of construction management operations for site supervisors at general contractors and subcontractors. Growth is driven by acquiring new users and increasing ARPA through the addition of optional features for existing users, and the business is evolving toward a comprehensive solution offering that combines BPO Service and Professional Service. Sales for the first quarter of FY2026 (ending December 2026) (January to March 2026) were ¥1,268 million (up 8.8% year on year).

Recent Overview

Q1 FY2026 sales up 8.8%, operating profit/loss turned positive; full-year forecast unchanged

Sales for the first quarter of FY2026 (ending December 2026) (January to March 2026) were ¥1,268 million (up 8.8% year on year), and operating profit was ¥5 million, turning positive from an operating loss of ¥10 million in the same period of the prior year. The number of contracted companies stood at 2,287 (up 7.2% year on year), and ARPA remained solid at ¥183 thousand (up 1.3% year on year). There is no change to the full-year earnings forecast (sales of ¥5,900 million, operating profit of ¥50 million). Total assets were ¥4,043 million, down ¥118 million from the end of the previous fiscal year, and the equity ratio improved to 66.0% (from 64.0% at the end of the previous fiscal year).

Key Products

Growth Drivers

• Continued expansion in the number of contracted companies through new user acquisition (2,287 companies as of end of March 2026, up 7.2% year on year)
• Improvement in ARPA through the addition of optional features for existing users (¥183 thousand, up 1.3% year on year)
• Rising demand for DX driven by medium- to long-term expansion of construction investment and worsening labor shortages in the domestic construction industry
• Expansion of non-recurring (non-stock) revenue and ARPA improvement through cross-selling of BPO Service and Professional Service
• Ripple effect (network effect) from adoption track record at major general contractors and subcontractors spreading to mid-sized and small partner companies within the supply chain
• Simultaneous pursuit of internal productivity improvement and cost efficiency through the use of AI, among other means

Risks

• Risk of declining demand due to economic fluctuations in the construction industry and contraction of construction investment
• Risk of intensifying competition due to new entrants and functional enhancements by existing competitors
• Risk of reduced development and sales capabilities due to difficulty in securing and retaining talented personnel
• Risk of deteriorating financial condition due to continued recording of losses, given accumulated losses (retained earnings of -¥2,633 million)
• Risk of impairment of software assets associated with changes in product strategy (an impairment loss was recorded in the previous fiscal year)
• Risk related to investment recovery in new market development such as overseas expansion