Worth reading
74In focus
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
10810
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,563 million+17.4%
Operating profit¥2,221 million+44.8%
Ordinary income¥2,241 million+46.4%
Net income¥1,503 million+72.6%
Operating profit margin39.9 %
Selling, general and administrative expensesTracked the plan as expected, mainly due to outsourcing and advertising expenses. Amount: Not disclosed
Full-year earnings forecast
Net Sales
¥10,810 million
Subscription portion
¥6,450 million
Operating profit
¥4,000 million
Ordinary income
¥4,000 million
Net income
¥2,670 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 Sales51%
Operating profit56%
Ordinary income56%
Quarterly net income56%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Second-quarter progress is on track against the revised planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in subscription contracts (strong performance in emerging markets and mobile)
- Strong sales of the perpetual-license version due to the major version upgrade and promotional campaigns
- Selling, general and administrative expenses, including outsourcing and advertising expenses, tracked the plan as expected
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Price revision for the perpetual-license versionPrice increase of up to 10%
- Advertising expense ratioManaged on a 14%-16% basis
New initiatives
- Launch of CLIP STUDIO PAINT Ver.5.0
- Average 10% price increase for the perpetual-license version
- Stronger marketing targeting emerging markets
- Enhanced mobile functionality
- Preinstallation on Motorola devices
- Development of services supporting creator monetization
- Development of services to strengthen the user community
- Continued investment in AI development and use of AI in internal operations
Key KPIsA metric the company considers important as a management benchmark.
- Subscription ARR¥63.1 100 millionYear on year against the same period last year+30.7%
- Subscription churn rate4.9 %Year on year against the same period last yearImproved by 0.1 pt year on year
- Platform users1,308 10,000 peopleYear on year against the same period last year+24.7%
- Cumulative CLIP STUDIO PAINT units shipped6,704 10,000 unitsYear on year against the same period last year+27.5%
- CLIP STUDIO PAINT overseas share83 %Year on year against the same period last year+1.7pt
Medium-term management plan targets
FY2027.12
Net Sales¥10.7 billion
Operating profit¥3.3 billion
Operating profit marginAt least 30%
ROEAt least 30%
ComparisonRevenue and profit are expected to reach the fiscal 2027 targets one year ahead of schedule, in the fiscal year ending December 2026
Financial targets
ROE targetAt least 30%
Revised plan for the fiscal year ending December 202650% or higher
Market Size / Share
- Digital creator marketMore than 130 million people
- Number of subscribers to our servicesMore than 1 million people
- Share of manga artists using the service95 %
- Share of apps used for works posted on pixiv63 %
Number of employees
Number of Employees255 people
Reference dateEnd of June 2026
Annual Dividend
Annual dividend per share¥50 (planned)
Interim¥20
End of period¥30 (planned)
Commemorative dividend¥10 (planned)
Acquisition of treasury shares
Total acquisition price¥6.5 billion to date
Treasury Share CancellationCancelled 1.5 million treasury shares in March 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥5,563 million (YoY +17.4%) |
| Operating profit | ¥2,221 million (YoY +44.8%) |
| Ordinary income | ¥2,241 million (YoY +46.4%) |
| Net income | ¥1,503 million (YoY +72.6%) |
| Operating profit margin | 39.9 % |
| Selling, general and administrative expenses | Tracked the plan as expected, mainly due to outsourcing and advertising expenses. Amount: Not disclosed |
| Full-year earnings forecast | Net Sales ¥10,810 million / Subscription portion ¥6,450 million / Operating profit ¥4,000 million / Ordinary income ¥4,000 million / Net income ¥2,670 million |
| Progress against full-year forecast | Net Sales 51% / Operating profit 56% / Ordinary income 56% / Quarterly net income 56% |
| Self-assessment against the plan | Second-quarter progress is on track against the revised plan |
| Breakdown of Factors Affecting the Change | Increase in subscription contracts (strong performance in emerging markets and mobile), Strong sales of the perpetual-license version due to the major version upgrade and promotional campaigns, Selling, general and administrative expenses, including outsourcing and advertising expenses, tracked the plan as expected |
| Key KPIs | Indicator name Subscription ARR / Value ¥63.1 100 million / Year on year against the same period last year ¥30.7 100 million, Indicator name Subscription churn rate / Value 4.9 % / Year on year against the same period last year Improved by 0.1 pt year on year, Indicator name Platform users / Value 1,308 10,000 people / Year on year against the same period last year 24.7 10,000 people, Indicator name Cumulative CLIP STUDIO PAINT units shipped / Value 6,704 10,000 units / Year on year against the same period last year 27.5 10,000 units, Indicator name CLIP STUDIO PAINT overseas share / Value 83 % / Year on year against the same period last year +1.7pt |
| Number of employees | Number of Employees 255 people / Reference date End of June 2026 |
| Assumptions Underlying the Business Outlook | Item Price revision for the perpetual-license version / Value Price increase of up to 10%, Item Advertising expense ratio / Value Managed on a 14%-16% basis |
| Medium-term management plan targets | FY2027.12 Net Sales ¥10.7 billion / Operating profit ¥3.3 billion / Operating profit margin At least 30% / ROE At least 30% / Comparison Revenue and profit are expected to reach the fiscal 2027 targets one year ahead of schedule, in the fiscal year ending December 2026 |
| Financial targets | ROE target At least 30% / Revised plan for the fiscal year ending December 2026 50% or higher |
| Annual Dividend | Annual dividend per share ¥50 (planned) / Interim ¥20 / End of period ¥30 (planned) / Commemorative dividend ¥10 (planned) |
| Acquisition of treasury shares | Total acquisition price ¥6.5 billion to date / Acquisition limit and period Not disclosed / Treasury Share Cancellation Cancelled 1.5 million treasury shares in March 2026 |
| Market Size / Share | Item Digital creator market / Value More than 130 million people, Item Number of subscribers to our services / Value More than 1 million people, Item Share of manga artists using the service / Value 95 %, Item Share of apps used for works posted on pixiv / Value 63 % |
| New initiatives | Launch of CLIP STUDIO PAINT Ver.5.0, Average 10% price increase for the perpetual-license version, Stronger marketing targeting emerging markets, Enhanced mobile functionality, Preinstallation on Motorola devices, Development of services supporting creator monetization, Development of services to strengthen the user community, Continued investment in AI development and use of AI in internal operations |
Items this document does not state (10)
Gross Profit MarginResults for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioCapital 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.Subscription contracts increased as initiatives targeting emerging markets and mobile users performed well, while demand for the perpetual-license version was boosted by the major version upgrade and promotional campaigns. In addition to higher revenue, profit growth was supported by cost of sales, including outsourcing expenses, and selling, general and administrative expenses, including advertising expenses, tracking the plan as expected.
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.