Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-104
¥ million (revenue, year-on-year comparison, six-month cumulative)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial Results PresentationSecond 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¥1,202 million -8.0%six-month cumulative
Operating profit¥-20 million six-month cumulative
Net income¥-14 million profit attributable to owners of the parent, six-month cumulative
Operating profit margin
Rate-1.7 % six-month cumulative
Year-on-year change (points)-8.6 % six-month cumulative
Results for the three months of the current quarter
Net Sales
595 Millions of yen-8.3%
Operating profit
-23 Millions of yen
Operating profit margin
-4 %
yoy_pt-8.7
Profit attributable to owners of the parent
-12 Millions of yen
Full-year earnings forecast
Net Sales
2,877 Millions of yen
Operating profit
163 Millions of yen
Profit attributable to owners of the parent
105 Millions of yen
Operating profit margin
5.7 %
Annual Dividend
¥45 per share
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 Sales
41.8 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Profit was below planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Structural revenue decline in the PIXTA business
- Disciplined upfront investment in selected new businesses
- Declines in unit prices and volumes due to the spread of generative AI and intensifying competition
The company identifies the factors but does not state the amount attributable to each one.
New initiatives
- Launch of annual image-material packages for PIXTA
- Launch of sales of 2 datasets for AI development in caregiving and daily-living support technologies
- Launch of a partnership with JAL's mileage rewards program, Mileage de Taiken
- Expansion of on-location photography services for inbound visitors
- Full-scale launch of the AI animation business, including the establishment of the Anipops distribution platform and an AI animation studio
- Expansion of inbound-focused social media, experiences, merchandise sales and customer-referral businesses
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative monthly PIXTA purchasers46,184 people Q2 2026
- Average monthly purchase per PIXTA user8,976 yen Q2 2026Year on year against the same period last yearUnchanged
- Number of fotowa photo shoots3,486 sessions Q2 2026Year on year against the same period last yearDecreased
- fotowa repeat rate45 % Q2 2026Year on year against the same period last yearHigher
- Number of PIXTA On-Demand booking applications2,188 sessions Q2 2026Year on year against the same period last yearApproximately 3x
- Number of YASUMI WORKS locations10 locations at 30 June 2026
Unit price and quantity metricsThese figures show sales broken down by price and volume.
PIXTA
Cumulative monthly purchasers
46,184 people Q2 2026
Average monthly purchase per user
8,976 yen Q2 2026
fotowa
Number of photo shoots
3,486 sessions Q2 2026
Repeat-purchase rate
45 % Q2 2026
Segment results
PIXTA business
Net Sales
¥414 million Q2 2026
Operating profit
¥144 million Q2 2026
fotowa business
Net Sales
¥92 million Q2 2026
Operating profit
¥-15 million Q2 2026
Medium-term management plan targets
2030
Net SalesOver ¥6 billion
Operating profitMore than ¥1 billion
PIXTA business
2030 operating profit¥300–500 million
Photography business
2026 salesApproximately ¥0.9 billion
2030 sales¥2.5 billion
New Businesses
2030 sales¥3 billion or more
Financial targets
Equity ratio
47 % actual at the end of Q2 2026
Market Size / Share
- International visitors to Japan4,268 10,000 people 2025
- Spending by inbound visitors to Japan¥9.5 trillion 2025
- Global anime market¥3.84 trillion 2024
- Year-on-year change in the global anime market115 %
Number of stores and locations
Number of Stores at Period-End10 locations at 30 June 2026
Number of employees
Consolidated107 people at 30 June 2026
Standalone66 people at 30 June 2026
Annual Dividend
¥45 per share
Year-end dividend
45 yen per share forecast
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥1,202 million (six-month cumulative) (YoY -8.0%) |
| Operating profit | ¥-20 million (six-month cumulative) |
| Net income | ¥-14 million (profit attributable to owners of the parent, six-month cumulative) |
| Operating profit margin | Rate -1.7 % (six-month cumulative) / Year-on-year change (points) -8.6 % (six-month cumulative) |
| Results for the three months of the current quarter | Net Sales 595 Millions of yen (YoY -8.3%) / Operating profit -23 Millions of yen / Operating profit margin -4 % / Profit attributable to owners of the parent -12 Millions of yen |
| Full-year earnings forecast | Net Sales 2,877 Millions of yen / Operating profit 163 Millions of yen / Profit attributable to owners of the parent 105 Millions of yen / Operating profit margin 5.7 % / Annual Dividend ¥45 per share |
| Progress against full-year forecast | Net Sales 41.8 % / Operating profit Not disclosed / Profit attributable to owners of the parent Not disclosed |
| Self-assessment against the plan | Profit was below plan |
| Segment results | PIXTA business Net Sales ¥414 million (Q2 2026) / Operating profit ¥144 million (Q2 2026) / fotowa business Net Sales ¥92 million (Q2 2026) / Operating profit ¥-15 million (Q2 2026) / Other Businesses Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Structural revenue decline in the PIXTA business / Amount Not disclosed, Factors Disciplined upfront investment in selected new businesses / Amount Not disclosed, Factors Declines in unit prices and volumes due to the spread of generative AI and intensifying competition / Amount Not disclosed |
| Key KPIs | Indicator name Cumulative monthly PIXTA purchasers / Value 46,184 people (Q2 2026) / Year on year against the same period last year Not disclosed, Indicator name Average monthly purchase per PIXTA user / Value 8,976 yen (Q2 2026) / Year on year against the same period last year Unchanged, Indicator name Number of fotowa photo shoots / Value 3,486 sessions (Q2 2026) / Year on year against the same period last year Decreased, Indicator name fotowa repeat rate / Value 45 % (Q2 2026) / Year on year against the same period last year Higher, Indicator name Number of PIXTA On-Demand booking applications / Value 2,188 sessions (Q2 2026) / Year on year against the same period last year Approximately 3x, Indicator name Number of YASUMI WORKS locations / Value 10 locations (at 30 June 2026) / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | PIXTA Cumulative monthly purchasers 46,184 people (Q2 2026) / Average monthly purchase per user 8,976 yen (Q2 2026) / fotowa Number of photo shoots 3,486 sessions (Q2 2026) / Repeat-purchase rate 45 % (Q2 2026) |
| Number of stores and locations | Number of Stores at Period-End 10 locations (at 30 June 2026) / Number of store openings and closures during the period Not disclosed |
| Number of employees | Consolidated 107 people (at 30 June 2026) / Standalone 66 people (at 30 June 2026) / Changes during the period and hiring plan Not disclosed |
| Medium-term management plan targets | 2030 Net Sales Over ¥6 billion / Operating profit More than ¥1 billion / PIXTA business 2030 operating profit ¥300–500 million / Photography business 2026 sales Approximately ¥0.9 billion / 2030 sales ¥2.5 billion / New Businesses 2030 sales ¥3 billion or more |
| Financial targets | Equity ratio 47 % (actual at the end of Q2 2026) / ROE Not disclosed / ROIC Not disclosed / Debt-to-equity ratio Not disclosed |
| Annual Dividend | ¥45 per share |
| Market Size / Share | International visitors to Japan 4,268 10,000 people (2025), Spending by inbound visitors to Japan ¥9.5 trillion (2025), Global anime market ¥3.84 trillion (2024), Year-on-year change in the global anime market 115 % |
| New initiatives | Launch of annual image-material packages for PIXTA, Launch of sales of 2 datasets for AI development in caregiving and daily-living support technologies, Launch of a partnership with JAL's mileage rewards program, Mileage de Taiken, Expansion of on-location photography services for inbound visitors, Full-scale launch of the AI animation business, including the establishment of the Anipops distribution platform and an AI animation studio, Expansion of inbound-focused social media, experiences, merchandise sales and customer-referral businesses |
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 the PIXTA business, both unit prices and volumes are declining structurally as generative AI becomes more widespread and competition intensifies. In addition, disciplined upfront investment in selected new businesses was a factor behind the decline in operating profit.
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.