Fibergate Inc.
9450・Standard Market・Information & Communication
Home Use Business
Group core business providing communication services for multi-family residences and corporations
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (cumulative Q3) | ¥9,902 million | ¥9,352 million | ↑ |
| Segment profit (cumulative Q3) | ¥2,316 million | ¥2,238 million | ↑ |
| Segment revenue, year-on-year change | up 5.9% | — | ↑ |
| Segment profit, year-on-year change | up 3.5% | — | ↑ |
| Consolidated revenue (cumulative Q3) | ¥10,361 million | ¥9,822 million | ↑ |
| Consolidated operating profit (cumulative Q3) | ¥1,486 million | ¥1,522 million | ↓ |
| Depreciation and amortization (cumulative Q3) | ¥1,247 million | ¥1,266 million | ↓ |
Business Details
A reporting segment formed by integrating the former "Home Use Business" and "Business Use Business." Renamed following the organizational change (from business-based to region-based) effective July 1, 2025. Centered on providing free, building-wide internet service to rental properties, the segment also offers Communication Services for Medical, Nursing Care, and Schools, cross-sell products such as network cameras, and free Wi-Fi projects. This core segment accounts for approximately 95.6% of Group revenue.
Recent Overview
Both revenue and profit increased year on year, but the margin decline trend continued
In the cumulative nine-month period of FY2026 (ending June 2026) (July 2025 through March 2026), the communications business achieved revenue of ¥9,902 million (up 5.9% year on year) and segment profit of ¥2,316 million (up 3.5% year on year). The number of installations at rental properties continued to grow steadily, and the revenue increase from free Wi-Fi projects boosted profit. On the other hand, while the margin decline trend due to changes in customer mix and other factors continued, the impact of higher costs from the increase in outright-sale deals has been gradually easing. Following the July 2025 organizational change, the segment name was changed to "Communications Business," making it no longer possible to monitor the performance of the former Home Use Business and Business Use Business separately.
Key Products
Growth Drivers
- Continued expansion of stock revenue through steady accumulation of installations at rental properties
- Steady sales trend in cross-sell products such as network cameras
- Boost to profit amount from the revenue increase effect of free Wi-Fi projects
- Strong growth in corporate sales in target areas such as medical, nursing care, and schools
- Future improvement in stock revenue margins and reduced tax burden from lower depreciable assets as the outright equipment sales model becomes normalized
- Evolution toward a new value-creation phase centered on communications, under the new slogan "Lead The 'Telecomenergy'"
Risks
- The declining margin trend due to changes in customer mix and other factors continues, posing a structural profitability decline risk
- Temporary margin decline due to the upfront recognition of costs in the first year of transactions from the expanding outright equipment sales model
- Rising costs such as line usage fees due to rapid growth in communication traffic and foreign exchange effects
- The July 2025 segment integration makes it difficult to monitor the performance of the Home Use Business and Business Use Business separately, constraining investors' ability to analyze by business
- Risk that the expanding segment loss in renewable energy (Other business) (a loss of ¥106 million in the cumulative third quarter of the current fiscal year) will weigh on consolidated operating profit
- Performance volatility risk in non-communications businesses, as seen in the decline in revenue and profit in the Real Estate Business (revenue of ¥296 million, down 33.0% year on year)
- Limited upside potential, having revised the full-year revenue forecast downward by ¥200 million, from ¥14,050 million to ¥13,850 million
Last updated: September 24, 2025