Worth reading
56In 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
-50
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥607 million-7.6%
Operating profit¥3 million-94.1%
Net income¥-2 million
Operating profit margin0.6 %
Results for the three months of the current quarter
Net Sales
¥607 million
Operating profit
¥3 million
Profit attributable to owners of the parent
¥-2 million
Full-year earnings forecast
Net Sales
¥2,877 million
Operating profit
¥163 million
Profit attributable to owners of the parent
¥105 million
Operating profit margin
5.7 %
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 Sales21.1 %
Operating profit2.1 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although revenue in the PIXTA business declined, the business secured the projected level of operating profitBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in revenue from new businesses within the other businesses
¥54 million
Investment in new businesses within the other businesses
¥27 million
Other expenses from the new consolidation of YASUMI WORKS
¥15 million
Other expenses from new businesses
¥15 million
New initiatives
- Released new machine-learning datasets, “Cat Breed Images” and “Bear Videos”
- Revamped fotowa’s photography plans into 2 options, “Standard” and “Plus,” and waived the fee for changing the date and time of a photo shoot
- Launched an on-location photography service for visitors to Japan
- Accelerate the opening of YASUMI WORKS locations in Tokyo, targeting approximately 10 locations by the end of fiscal 2026
- Pursue new businesses combining AI with creative experiences
Key KPIsA metric the company considers important as a management benchmark.
- Revenue ratio of the photography and creative experience business25.3 %Year on year against the same period last yearUp from 18.7% in Q1 2025
- Average monthly purchase per PIXTA user¥8,994Year on year against the same period last yearMaintained steadily
- Cumulative monthly PIXTA purchasers50,470 people
- fotowa repeat rate27 %Year on year against the same period last yearAbove the same period of the previous year
- Number of fotowa photo shoots2,297 EngagementsYear on year against the same period last year-52.0%
- Number of PIXTA On-Demand booking applications2,248 EngagementsYear on year against the same period last yearApproximately 3x
- Monthly bookings for photography services for visitors to Japan100 Cases or more
Unit price and quantity metricsThese figures show sales broken down by price and volume.
PIXTA
Average monthly purchase per user
¥8,994
Cumulative monthly purchasers
50,470 people
fotowa
Number of photo shoots
2,297 Engagements
Repeat-purchase rate
27 %
Segment results
PIXTA
Net Sales
¥453 million-15.0%
Operating profit
¥174 million-15.0%
fotowa
Net Sales
¥71 million-25.0%
Operating profit
¥-20 million
Other Businesses
Net Sales
¥81 million
Medium-term management plan targets
Target fiscal year2030
Net SalesOver ¥6 billion
Operating profitMore than ¥1 billion
Financial targets
Equity ratio
46 %
As ofEnd of Q1 2026
Market Size / Share
Market for visitors to Japan
4,268 10,000 people
Fiscal year2025
PIXTAOne of Japan’s largest digital asset marketplaces (share figure: Not disclosed)
Number of stores and locations
Number of Stores at Period-End6 Location
Breakdown3 locations in Nagoya, 2 in Kansai and 1 in Tokyo. The target is approximately 10 locations in total by the end of fiscal 2026
Number of employees
Consolidated
112 people
As ofEnd of March 2026
Standalone
66 people
As ofEnd of March 2026
Annual Dividend
¥45 per share
Year-end dividend
¥45 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥607 million (YoY -7.6%) |
| Operating profit | ¥3 million (YoY -94.1%) |
| Net income | ¥-2 million |
| Operating profit margin | 0.6 % |
| Results for the three months of the current quarter | Net Sales ¥607 million / Operating profit ¥3 million / Profit attributable to owners of the parent ¥-2 million |
| Full-year earnings forecast | Net Sales ¥2,877 million / Operating profit ¥163 million / Profit attributable to owners of the parent ¥105 million / Operating profit margin 5.7 % |
| Progress against full-year forecast | Net Sales 21.1 % / Operating profit 2.1 % |
| Self-assessment against the plan | Although revenue in the PIXTA business declined, the business secured the projected level of operating profit |
| Segment results | PIXTA Net Sales ¥453 million (YoY -15.0%) / Operating profit ¥174 million (YoY -15.0%) / fotowa Net Sales ¥71 million (YoY -25.0%) / Operating profit ¥-20 million / Other Businesses Net Sales ¥81 million / Operating profit Not disclosed |
| Breakdown of Factors Affecting the Change | Increase in revenue from new businesses within the other businesses ¥54 million / Investment in new businesses within the other businesses ¥27 million / Other expenses from the new consolidation of YASUMI WORKS ¥15 million / Other expenses from new businesses ¥15 million |
| Key KPIs | Revenue ratio of the photography and creative experience business 25.3 %, Average monthly purchase per PIXTA user ¥8,994, Cumulative monthly PIXTA purchasers 50,470 people, fotowa repeat rate 27 %, Number of fotowa photo shoots 2,297 Engagements, Number of PIXTA On-Demand booking applications 2,248 Engagements, Monthly bookings for photography services for visitors to Japan 100 Cases or more |
| Unit price and quantity metrics | PIXTA Average monthly purchase per user ¥8,994 / Cumulative monthly purchasers 50,470 people / fotowa Number of photo shoots 2,297 Engagements / Repeat-purchase rate 27 % |
| Number of stores and locations | Number of Stores at Period-End 6 Location / Number of store openings and closures during the period Not disclosed / Breakdown 3 locations in Nagoya, 2 in Kansai and 1 in Tokyo. The target is approximately 10 locations in total by the end of fiscal 2026 |
| Number of employees | Consolidated 112 people / Standalone 66 people / Changes during the period and hiring plan Not disclosed |
| Medium-term management plan targets | Target fiscal year 2030 / Net Sales Over ¥6 billion / Operating profit More than ¥1 billion |
| Financial targets | Equity ratio 46 % / ROE Not disclosed / ROIC Not disclosed / D/E ratio Not disclosed |
| Annual Dividend | ¥45 per share |
| Market Size / Share | Market for visitors to Japan 4,268 10,000 people / PIXTA One of Japan’s largest digital asset marketplaces (share figure: Not disclosed) |
| New initiatives | Released new machine-learning datasets, “Cat Breed Images” and “Bear Videos”, Revamped fotowa’s photography plans into 2 options, “Standard” and “Plus,” and waived the fee for changing the date and time of a photo shoot, Launched an on-location photography service for visitors to Japan, Accelerate the opening of YASUMI WORKS locations in Tokyo, targeting approximately 10 locations by the end of fiscal 2026, Pursue new businesses combining AI with creative experiences |
Items this document does not state (10)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout 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 addition to lower revenue in the PIXTA business, ¥27 million of investment in new businesses within the other businesses weighed on operating profit. Revenue from the other businesses increased by ¥54 million year on year, due to the new consolidation of YASUMI WORKS and new businesses.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.