Worth reading
68In 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
438
¥ million (year-on-year decrease in adjusted EBITDA)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationThird quarter of the fiscal year ending July 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,923 million+92.1%
Operating profit¥176 million+21.8%
Ordinary income¥174 million+37.3%
Net income¥113 million+24.8%
Selling, general and administrative expenses¥4,876 million
Operating profit margin3.0% (operating margin was 12.6% in the same period of the previous year, down 9.6 percentage points year on year)
Results for the three months of the current quarterRevenue of ¥5,923 million, adjusted EBITDA of ¥262 million, EBITDA of ¥283 million, operating profit of ¥176 million, ordinary profit of ¥174 million, and net income attributable to owners of the parent of ¥113 million. These figures are standalone results for the 3 months from February through April 2026.
Full-year earnings forecast
Net Sales
¥24,500 million
Digital marketing business revenue
¥20,200 million
Entertainment business revenue
¥4,300 million
Adjusted EBITDA
¥1,500 million
EBITDA
¥1,300 million
Operating profit
¥900 million
Ordinary income
¥900 million
Profit attributable to owners of the parent
¥600 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。
Net Sales70.4%
Adjusted EBITDA51.9%
Ordinary income43.4%
Net income for the current fiscal year57.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Preparations for achieving the medium-term management plan are continuing as plannedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Depreciation and amortization33
Amortization of goodwill73
Adjustments to expenses related to the cryptocurrency business-51
M&A-Related Costs30
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Cryptocurrency priceUnchanged from 31 July 2025
Bitcoin price¥17,721,131
New initiatives
- Launch of SolanaWalk (SOLWalk), a cryptocurrency points app
- Launch of Navikuru Assist, a new automotive-related service
- Establishment of an investment committee to strengthen the M&A execution structure
- Establishment of the M&A Promotion Office, a specialist M&A organization
- Establishment of the AI Promotion Office under the direct supervision of the president
Key KPIsA metric the company considers important as a management benchmark.
- Number of partner companies for Hikkoshi Samurai, a moving-service platform400 companies or more
- Cumulative users of Hikkoshi Samurai, a moving-service platform6,913 10,000 people
- Qiita members150 10,000 people
- Cumulative number of microCMS customer companies1.5 10,000 companies
- Overseas revenue ratio of the entertainment business42 %
- Collaboration ratio of the entertainment business14.8 %
Segment results
Digital Marketing Business
Sales
¥5,019 million+92.0%
Adjusted EBITDA
¥447 million+56.3%
Operating profit
¥380 million+41.2%
Entertainment Business
Sales
¥903 million+92.7%
Adjusted EBITDA
¥47 million+52.7%
Operating profit
¥47 million+52.7%
Medium-term management plan targets
Total shareholder returns¥4-5 billion
Total payout ratioAverage of 100%
Target fiscal yearFY2025-FY2028
Market Size / Share
BitWalk's domestic download share ranks third in Japan among cryptocurrency apps. The market size is not disclosed.Number of employees
Number of Employees792 people
Change during the periodDown 2 people from 794 in FY2026 Q2
Annual Dividend
Annual dividend per share¥28
Interim¥14
End of period¥14
Payout ratio
86.6%Acquisition of treasury shares
The company continues to consider flexible share buybacks. The amount, number of shares and period of the buyback authorization are not disclosed.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending July 2026 |
| Net Sales | ¥5,923 million (YoY +92.1%) |
| Operating profit | ¥176 million (YoY +21.8%) |
| Ordinary income | ¥174 million (YoY +37.3%) |
| Net income | ¥113 million (YoY +24.8%) |
| Operating profit margin | 3.0% (operating margin was 12.6% in the same period of the previous year, down 9.6 percentage points year on year) |
| Selling, general and administrative expenses | ¥4,876 million |
| Results for the three months of the current quarter | Revenue of ¥5,923 million, adjusted EBITDA of ¥262 million, EBITDA of ¥283 million, operating profit of ¥176 million, ordinary profit of ¥174 million, and net income attributable to owners of the parent of ¥113 million. These figures are standalone results for the 3 months from February through April 2026. |
| Full-year earnings forecast | Net Sales ¥24,500 million / Digital marketing business revenue ¥20,200 million / Entertainment business revenue ¥4,300 million / Adjusted EBITDA ¥1,500 million / EBITDA ¥1,300 million / Operating profit ¥900 million / Ordinary income ¥900 million / Profit attributable to owners of the parent ¥600 million |
| Progress against full-year forecast | Net Sales 70.4% / Adjusted EBITDA 51.9% / Ordinary income 43.4% / Net income for the current fiscal year 57.2% |
| Self-assessment against the plan | Preparations for achieving the medium-term management plan are continuing as planned |
| Segment results | Digital Marketing Business Sales ¥5,019 million (YoY +92.0%) / Adjusted EBITDA ¥447 million (YoY +56.3%) / Operating profit ¥380 million (YoY +41.2%) / Entertainment Business Sales ¥903 million (YoY +92.7%) / Adjusted EBITDA ¥47 million (YoY +52.7%) / Operating profit ¥47 million (YoY +52.7%) |
| Breakdown of Factors Affecting the Change | Depreciation and amortization 33 / Amortization of goodwill 73 / Adjustments to expenses related to the cryptocurrency business -51 / M&A-Related Costs 30 |
| Key KPIs | Indicator name Number of partner companies for Hikkoshi Samurai, a moving-service platform / Value 400 companies or more / Year on year against the same period last year Not disclosed, Indicator name Cumulative users of Hikkoshi Samurai, a moving-service platform / Value 6,913 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Qiita members / Value 150 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of microCMS customer companies / Value 1.5 10,000 companies / Year on year against the same period last year Not disclosed, Indicator name Overseas revenue ratio of the entertainment business / Value 42 % / Year on year against the same period last year Not disclosed, Indicator name Collaboration ratio of the entertainment business / Value 14.8 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 792 people / Change during the period Down 2 people from 794 in FY2026 Q2 |
| Assumptions Underlying the Business Outlook | Cryptocurrency price Unchanged from 31 July 2025 / Bitcoin price ¥17,721,131 |
| Medium-term management plan targets | Total shareholder returns ¥4-5 billion / Total payout ratio Average of 100% / Target fiscal year FY2025-FY2028 |
| Annual Dividend | Annual dividend per share ¥28 / Interim ¥14 / End of period ¥14 |
| Payout ratio | 86.6% |
| Acquisition of treasury shares | The company continues to consider flexible share buybacks. The amount, number of shares and period of the buyback authorization are not disclosed. |
| Market Size / Share | BitWalk's domestic download share ranks third in Japan among cryptocurrency apps. The market size is not disclosed. |
| New initiatives | Launch of SolanaWalk (SOLWalk), a cryptocurrency points app, Launch of Navikuru Assist, a new automotive-related service, Establishment of an investment committee to strengthen the M&A execution structure, Establishment of the M&A Promotion Office, a specialist M&A organization, Establishment of the AI Promotion Office under the direct supervision of the president |
Items this document does not state (8)
Gross Profit MarginUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsCapital 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 company attributed the declines in profit and revenue to higher advertising expenses in some existing businesses due to changes in the external environment, lower revenue from existing media businesses, and a downtrend in existing titles. It is also pursuing initiatives to improve earnings, operating existing titles more efficiently, contain costs, and strengthen collaborative projects.
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.