Revenue increased 2.0% year over year to 1,053 million yen, but operating profit declined to 68 million yen. Nevertheless, the company is accelerating its transition to long-term stock-based recurring revenue, expanding SaaS revenue including ComiruPay and pursuing cost optimization to aim for future high profitability. Churn rate remains low at 0.6%. 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Nevertheless, the company is accelerating its transition to long-term stock-based recurring revenue, expanding SaaS revenue including ComiruPay and pursuing cost optimization to aim for future high profitability. Churn rate remains low at 0.6%. Full-year guidance is not disclosed; measures will continue toward Q4.","jir_summary":"### Overview of Earnings\nIn 3Q of the 2026 October term, POPER's revenue grew solidly by 2.0% year over year, while the decline in gross margin and higher SG&A expenses led to operating income and net income below the previous year. In the long term, the company is pushing a shift toward stock-based\/recurring revenue. As SaaS-type offerings including ComiruPay expand, churn remains at a low 0.6%, maintaining a stable customer base. The company plans to continue building for Q4 with ongoing initiatives and talent recruitment.\n\n### Outlook and Investment Points\nWhile the full-year figures are not disclosed, the 2026 October term initiatives target top-line growth through SaaS\/ComiruPay accumulation, strengthening the system foundation, and expanding development and sales organizations in a disciplined manner to drive future profitability. Accelerating a transition in revenue structure, such as shifting more to long-term contract-based revenue with multiple major client engagements, is an attractive aspect for investment. However, in the near term, profitability improvement may take time at the time of the earnings release.","jir_financial_highlights":"Revenue: 1,053 (YoY +2.0%)\nGross profit: 746 (YoY \u25b34.4%)\nSelling, general and administrative expenses: 678 (YoY +9.9%)\nOperating income: 68 (YoY \u25b358.1%)\nNet income (quarter): 54 (YoY \u25b368.7%)","jir_category":"","jir_hashtags":"#POPER, #ComiruPay, #SaaSBusiness, #SchoolDX, #ChurnRate0.6%, No stock appraisal related items","jir_key_figures":"Revenue: 1,053 million yen (YoY +2.0%)\nOperating income: 68 million yen (YoY \u25b358.1%)\nNet income (quarter): 54 million yen (YoY \u25b368.7%)","jir_meta_title":"\u3010POPER\u30113Q FY2026 Results | Revenue 1,053 million yen (+2.0% YoY), Accelerating Shift to Stock Revenue","jir_meta_description":"POPER 3Q FY2026 results. Revenue up 2.0% QoQ while operating income declined significantly. Growth drivers include expansion of ComiruPay and SaaS, with churn remaining low. Full-year guidance not disclosed in the materials.","jir_og_title":"POPER 3Q FY2026 Results | Revenue 1,053 million yen (+2.0%)","jir_og_description":"POPER's 3Q results show revenue of 1,053 million yen and operating income of 68 million yen. Focus on shifting to stock-based revenue and expanding ComiruPay. 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