Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
299
¥ millions (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,282 million+4.6%
Operating profit¥536 million+126.0%
Ordinary income¥601 million+73.6%
Net income¥400 million +99.9%profit attributable to owners of the parent
Operating profit margin3.8
Selling, general and administrative expenses¥2,255 million
Results for the three months of the current quarter
Transaction volume
¥14,086 million
Net Sales
¥3,282 million
Gross profit
¥2,792 million
Selling, general and administrative expenses
¥2,255 million
Operating profit
¥536 million
Ordinary income
¥601 million
Net income
¥400 million
Full-year earnings forecast
Transaction volume
¥48,000 millions reference figure
Net Sales
¥11,400 million
Operating profit
¥600 million
Ordinary income
¥804 million
Net income
¥530 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Transaction volume29.3 %
Net Sales28.8 %
Operating profit89.5 %
Ordinary income74.8 %
Net income75.6 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit, ordinary profit, and net income attributable to owners of the parent are progressing very strongly against the full-year forecast. Progress for UNICORN in the fiscal year ending December 2026 is broadly in line with plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Agency Business¥155 million
Ad Platform Business¥-6 million
Other businesses¥12 million
Adjustments¥10 million
Personnel Expenses¥88 million
Recruiting and training expenses¥5 million
Rent¥-9 million
Depreciation and amortization¥6 million
Other SG&A expenses¥35 million
Ordinary income
Equity in earnings of affiliates¥84 million
Other¥-20 million
Net income
Impairment loss on investment securities¥-49 million
Other and income taxes¥-150 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Only a qualitative explanation was provided, stating that the impact of prolonged geopolitical risks, including the Middle East crisis, remains uncertain. Numerical assumptions were not disclosed.New initiatives
- Launch of the "@Cross-Border" cross-border e-commerce and marketing support package for the Chinese and Taiwanese markets
- Recognition as a 2026 Google Premier Partner
- Launch of an advertising delivery offering for YouTube through UNICORN
- Launch of shareholder benefits
- Execution of share transfer agreements for 2 consolidated subsidiaries
Key KPIsA metric the company considers important as a management benchmark.
Annual gross profit per employee (agency business, Japan and overseas)
¥10,117 thousand+11.9%
Annual gross profit per employee (UNICORN)
¥26,224 thousand-8.5%
Number of products (UNICORN)
Amount not stated-8.0%
Number of clients (agency business, Japan)
Amount not stated-14.2%
UNICORN total advertising spend under management
¥2,164 million
Machine learning costs
¥201 million
Segment results
Agency business (Japan)
Transaction volume
¥5,178 million
Year on year against the same period last year+7.8%
Agency business (overseas)
Transaction volume
¥2,151 million
Year on year against the same period last year+14.3%
Ad Platform Business
Transaction volume
¥6,101 million
Year on year against the same period last year-10.6%
Agency business (Japan and overseas)
Transaction volume
¥7,932 million
Gross profit
¥1,350 million
Operating profit
¥375 million
Gross transaction volume_yoy_pct8.7
Gross profit_yoy_pct11.4
Operating profit_yoy_pct131.5
UNICORN
Transaction volume
¥1,700 million
Gross profit
¥699 million
Operating profit
¥188 million
Gross transaction volume_yoy_pct-10.8
Gross profit_yoy_pct-9
Operating profit_yoy_pct-30.8
Financial targets
PBR
Actual results0.76 times
Target1 times
ROE
Actual results2.91 %
Target8 %
Market Size / Share
Total advertising expenditure_2025¥80,623 hundred millions, etc.
Internet advertising expenditure_2025¥40,459 hundred millions, etc.
Internet advertising media expenditure_2025¥3.3 trillion
Display and video advertising expenditure that may not be viewed by users¥1.3 trillion of display and video advertising expenditure that may not be viewed by users
Number of employees
Headcount was not disclosed. The Company noted a decrease in personnel in the agency business and an increase in personnel at UNICORN to support business expansion.Annual Dividend
¥6.57 per share
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥3,282 million (YoY +4.6%) |
| Operating profit | ¥536 million (YoY +126.0%) |
| Ordinary income | ¥601 million (YoY +73.6%) |
| Net income | ¥400 million (profit attributable to owners of the parent) (YoY +99.9%) |
| Operating profit margin | 3.8 |
| Selling, general and administrative expenses | ¥2,255 million |
| Results for the three months of the current quarter | Transaction volume ¥14,086 million / Net Sales ¥3,282 million / Gross profit ¥2,792 million / Selling, general and administrative expenses ¥2,255 million / Operating profit ¥536 million / Ordinary income ¥601 million / Net income ¥400 million |
| Full-year earnings forecast | Transaction volume ¥48,000 millions (reference figure) / Net Sales ¥11,400 million / Operating profit ¥600 million / Ordinary income ¥804 million / Net income ¥530 million |
| Progress against full-year forecast | Transaction volume 29.3 % / Net Sales 28.8 % / Operating profit 89.5 % / Ordinary income 74.8 % / Net income 75.6 % |
| Self-assessment against the plan | Operating profit, ordinary profit, and net income attributable to owners of the parent are progressing very strongly against the full-year forecast. Progress for UNICORN in the fiscal year ending December 2026 is broadly in line with plan. |
| Segment results | Agency business (Japan) Transaction volume ¥5,178 million / yoy_pct 7.8 / Agency business (overseas) Transaction volume ¥2,151 million / yoy_pct 14.3 / Ad Platform Business Transaction volume ¥6,101 million / yoy_pct -10.6 / Agency business (Japan and overseas) Transaction volume ¥7,932 million / Gross profit ¥1,350 million / Operating profit ¥375 million / Gross transaction volume_yoy_pct 8.7 / Gross profit_yoy_pct 11.4 / Operating profit_yoy_pct 131.5 / UNICORN Transaction volume ¥1,700 million / Gross profit ¥699 million / Operating profit ¥188 million / Gross transaction volume_yoy_pct -10.8 / Gross profit_yoy_pct -9 / Operating profit_yoy_pct -30.8 |
| Breakdown of Factors Affecting the Change | Operating profit Agency Business ¥155 million / Ad Platform Business ¥-6 million / Other businesses ¥12 million / Adjustments ¥10 million / Personnel Expenses ¥88 million / Recruiting and training expenses ¥5 million / Rent ¥-9 million / Depreciation and amortization ¥6 million / Other SG&A expenses ¥35 million / Ordinary income Equity in earnings of affiliates ¥84 million / Other ¥-20 million / Net income Impairment loss on investment securities ¥-49 million / Other and income taxes ¥-150 million |
| Key KPIs | Annual gross profit per employee (agency business, Japan and overseas) ¥10,117 thousand (YoY +11.9%) / Annual gross profit per employee (UNICORN) ¥26,224 thousand (YoY -8.5%) / Number of products (UNICORN) 非開示 (YoY -8.0%) / Number of clients (agency business, Japan) 非開示 (YoY -14.2%) / UNICORN total advertising spend under management ¥2,164 million / Machine learning costs ¥201 million |
| Number of employees | Headcount was not disclosed. The Company noted a decrease in personnel in the agency business and an increase in personnel at UNICORN to support business expansion. |
| Assumptions Underlying the Business Outlook | Only a qualitative explanation was provided, stating that the impact of prolonged geopolitical risks, including the Middle East crisis, remains uncertain. Numerical assumptions were not disclosed. |
| Financial targets | PBR Actual results 0.76 times / Target 1 times / ROE Actual results 2.91 % / Target 8 % |
| Annual Dividend | ¥6.57 per share |
| Market Size / Share | Total advertising expenditure_2025 ¥80,623 hundred millions, etc. / Internet advertising expenditure_2025 ¥40,459 hundred millions, etc. / Internet advertising media expenditure_2025 ¥3.3 trillion / Display and video advertising expenditure that may not be viewed by users ¥1.3 trillion of display and video advertising expenditure that may not be viewed by users |
| New initiatives | Launch of the "@Cross-Border" cross-border e-commerce and marketing support package for the Chinese and Taiwanese markets, Recognition as a 2026 Google Premier Partner, Launch of an advertising delivery offering for YouTube through UNICORN, Launch of shareholder benefits, Execution of share transfer agreements for 2 consolidated subsidiaries |
Items this document does not state (10)
Gross Profit MarginUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In the agency business, gross transaction volume and gross profit increased as manga and gaming apps expanded, while SG&A expenses were also contained. Overall, gross profit increased by ¥172 million and SG&A expenses decreased by ¥126 million. The Company cited uncertainty over the impact on future results from the prolonged geopolitical risks associated with the Middle East crisis, including the military conflict involving Iran, as the reason for leaving the full-year forecast unchanged.
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