Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-93
¥ million (change in full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond 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¥2,930 million
Operating profit¥30 million
Ordinary income¥28 million
Net income¥-12 million
Gross Profit Margin27.5 %
Operating profit margin1 %
Selling, general and administrative expenses¥774 million
Full-year earnings forecast
Net Sales
¥6,187 million
Operating profit
¥81 million
Ordinary income
¥89 million
Profit attributable to owners of the parent
¥12 million
Earnings per share
¥3.63
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。
Net Sales47.4%
Operating profit37.0%
Ordinary income31.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Student acquisition for the medical school graduate class in the EdTech business was slightly below budget.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
First Arrow: Magazine sales business+¥22 million
Second Arrow: Digital distribution business+¥43 million
Third Arrow: subscriber data utilization and other new businessesUp ¥4 million
Operating profit
First Arrow: lower commission revenue and decline in profit from subsidiaries-¥45.8 million
Second Arrow: solid performance by the unlimited-reading service+¥2.0 million
Third Arrow: Growth in the EdTech + EC + M&A businesses+¥24.0 million
New initiatives
- Launch of a trial for comic sales
- Cost reductions focused on delivery
- Strengthening the security framework following the information leak
- Consideration of business opportunities involving AI utilization and AI-based commercial services with ABEJA
- Consideration of AI-related businesses using magazine article data
- Expansion into CMS operation services for corporations
- Expansion into article traceability services
- Integration of subsidiaries into Fujisan Academia Group and change of corporate name
Key KPIsA metric the company considers important as a management benchmark.
- Total registered users4,504,720 peopleYear on year against the same period last year102.8%
- Paying users481,257 peopleYear on year against the same period last year91.0%
- Average subscription retention rate70% level
- Transaction Value¥11,146 million
Segment results
First Arrow: Magazine sales business
Change in revenue+¥22 million
Change in operating profit-¥45.8 million
Second Arrow: Digital distribution business
Change in revenue+¥43 million
Change in operating profit+¥2.0 million
Third Arrow: subscriber data utilization and other new businesses
Change in revenueUp ¥4 million
Change in operating profit+¥24.0 million
Market Size / Share
Domestic magazine retail market size
¥3,708 100 million
Fiscal year2025
Number of stores and locations
Number of locations3
Number of employees
Number of Employees111 people
Reference dateEnd of December 2025
Annual Dividend
Annual dividend per share¥16
Payout ratio
30 %
Additional informationThe higher of a 30% payout ratio or ¥16 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥2,930 million |
| Operating profit | ¥30 million |
| Ordinary income | ¥28 million |
| Net income | ¥-12 million |
| Gross Profit Margin | 27.5 % |
| Operating profit margin | 1 % |
| Selling, general and administrative expenses | ¥774 million |
| Full-year earnings forecast | Net Sales ¥6,187 million / Operating profit ¥81 million / Ordinary income ¥89 million / Profit attributable to owners of the parent ¥12 million / Earnings per share ¥3.63 |
| Progress against full-year forecast | Net Sales 47.4% / Operating profit 37.0% / Ordinary income 31.5% / Profit attributable to owners of the parent Not disclosed |
| Self-assessment against the plan | Student acquisition for the medical school graduate class in the EdTech business was slightly below budget. |
| Segment results | First Arrow: Magazine sales business Change in revenue +¥22 million / Change in operating profit -¥45.8 million / Second Arrow: Digital distribution business Change in revenue +¥43 million / Change in operating profit +¥2.0 million / Third Arrow: subscriber data utilization and other new businesses Change in revenue Up ¥4 million / Change in operating profit +¥24.0 million |
| Breakdown of Factors Affecting the Change | Net Sales First Arrow: Magazine sales business +¥22 million / Second Arrow: Digital distribution business +¥43 million / Third Arrow: subscriber data utilization and other new businesses Up ¥4 million / Operating profit First Arrow: lower commission revenue and decline in profit from subsidiaries -¥45.8 million / Second Arrow: solid performance by the unlimited-reading service +¥2.0 million / Third Arrow: Growth in the EdTech + EC + M&A businesses +¥24.0 million |
| Key KPIs | Indicator name Total registered users / Value 4,504,720 people / Year on year against the same period last year 102.8%, Indicator name Paying users / Value 481,257 people / Year on year against the same period last year 91.0%, Indicator name Average subscription retention rate / Value 70% level / Year on year against the same period last year Not disclosed, Indicator name Transaction Value / Value ¥11,146 million / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number of locations 3 / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 111 people / Reference date End of December 2025 / Changes during the period and hiring plan Not disclosed |
| Annual Dividend | Annual dividend per share ¥16 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Value 30 % / Additional information The higher of a 30% payout ratio or ¥16 per share |
| Market Size / Share | Domestic magazine retail market size ¥3,708 100 million / Share Not disclosed |
| New initiatives | Launch of a trial for comic sales, Cost reductions focused on delivery, Strengthening the security framework following the information leak, Consideration of business opportunities involving AI utilization and AI-based commercial services with ABEJA, Consideration of AI-related businesses using magazine article data, Expansion into CMS operation services for corporations, Expansion into article traceability services, Integration of subsidiaries into Fujisan Academia Group and change of corporate name |
Items this document does not state (10)
Results for the three months of the current quarterUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition 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.The decline in profit from the First Arrow was attributable to a decrease in recurring customers following stricter requirements for updating card payment information, lower advertising revenue at Seeds Factory, the postponement of watch sales and amortization of acquisition-related goodwill. Growth in the unlimited-reading service also slowed, while sales through bookstores, which generate higher margins, declined.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.