Being Co
Overview
Being (TYO:4734) was founded in 1984 by Yoshinari Tsuda, Chairman of the Board, as a computer-related sales company. With no capital strength, no development technology, and no knowledge of civil engineering, it was a start from scratch. A passion for "helping its customers" and a firm conviction that if the company work seriously, its dreams will come true. This is the driving force behind being and the energy that builds the future. The company will continue to realize its dreams without forgetting this belief.1
Construction-related business
The company sell software for the construction and construction industry, including the “Gaia” series, which boasts the No. 1 * share of totalization software. A wide variety of products that comprehensively support business flows such as planning, bidding, income and expenditure management, document creation, and process management have been highly evaluated. Based on the know-how Being Co has cultivated since its foundation, the company continue to carry out improvement activities according to the changing times and needs, such as data linkage between software, enhancement of download service, prompt provision of accurate data, support service to satisfy customers, etc.
TOC-related business
This is the first domestically produced software that supports the TOC-CCPM theory. It is effective in process management for various projects such as technology development, product / service development, and system development, and is useful for improving management. Employed by about 800 companies in Japan and overseas (manufacturing, service, IT, and other industries) and has the No. 2 * market share in the project management tool market. In 2014, a cloud-type product was also released. The company aim to establish it as its second pillar.
Equipment-related business
Software for electrical and water equipment construction companies, mainly sold by its subsidiary Plus by Plus. It is effective for creating construction drawings, quotations and application documents. Leveraging each other's strengths in being and plus-by-plus, the two companies offer a wide range of services while working closely together.
Overseas expansion
Being Co has received many inquiries from overseas customers regarding TOC-related software. The English version is used by customers in manufacturing industries in Europe, the United States, and various parts of Asia. In October 2013, the company opened a subsidiary in Myanmar for offshore development.
Financial highlight
The Group is currently intensively developing products, and will continue to pursue R & D during the third quarter of the current consolidated cumulative period. Being Co has extremely invested funds. In May, Ragusia Co., Ltd., a software contract development company, became a subsidiary. And expanded the Group's product development capabilities. In the first nine months of the current fiscal year, although sales were firm until the second quarter, construction-related sales began in October Business was sluggish. This is mainly due to the typhoon No. 19, which landed on the Japanese archipelago in October, A major customer, a civil engineering contractor, rushed to recover from the disaster due to severe damage such as river flooding and levee collapse. The company believe that this has been caused by the postponement of the planned public works orders. As a result, the third Consolidated net sales increased 10.1% year on year to ¥ 4,689 million. On the cost front, Being Co is aggressively hiring to enhance its organizational structure, and personnel costs and related costs are increasing. Ordinary income decreased 14.4% year-on-year to ¥ 407 million due to the costs of making Ragusia Co., Ltd. As a result, net income attributable to owners of the parent decreased 16.8% year-on-year to ¥ 253 million.2
Construction-related business
Regarding the construction-related business, the core product “Gaia”A) Sales of 10 ”have been sluggish since October. This is mainly due to Typhoon No. 19, which landed on the Japanese archipelago in October, The major customers, civil engineering contractors, have caused large damage such as flooding of rivers and levee breaks in large areas. The company believe that the impact of the disaster recovery or the postponement of planned public works orders has been postponed. As a result, net sales for the nine months ended December 31, 2015 were 3,222 million yen and segment profit was 253 million yen.
Equipment-related business
In the equipment related business, in addition to the sales of CAD software, the business management software for the equipment industry~] Sales expansion. In addition, coaching and coordinating with facility management Being Co has been working on product development to make support a pillar of its future business. As a result, net sales for the nine months ended December 31, 2015 were ¥ 1,279 million and segment income was ¥ 184 million.
Productivity improvement consulting business
As for the productivity improvement consulting business, since the company was spun off in January last year, Being Co is working on brand establishment and system construction. Recruitment of consultants during the third quarter And investing in education to improve consulting know-how Being Co has been working to build an organizational structure so that the company can respond to projects. As a result, net sales for the nine months ended September 30, 2015 were ¥ 188 million. In terms of profits, hiring costs and education Segment investment was 1 million yen due to investment.
