Worth reading
64In 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
38.3
Operating profit year on year (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials for the financial results briefingFiscal year ending December 2026: third quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,068 million+15.5%
Operating profit¥3,092 million+38.3%
Ordinary income¥3,116 million+40.0%
Net income¥2,123 million+56.1%
Operating profit margin38.3 %
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 Sales75%
Operating profit77%
Ordinary income78%
Quarterly net income80%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The third quarter performed well against the revised plan.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
- Development of services supporting creator monetization
- Development of services to strengthen the user community
- We will not proceed with functions using image-generation AI.
Key KPIsA metric the company considers important as a management benchmark.
- Subscription ARR¥67.3 100 millionYear on year against the same period last year+31.8%
- Subscription churn rate (3-month average)4.8 %Year on year against the same period last year+0.2pt
- Platform users1,376 10,000 peopleYear on year against the same period last year+25.2%
- Cumulative CLIP STUDIO PAINT units shipped7,083 10,000 unitsYear on year against the same period last year+26.5%
- CLIP STUDIO PAINT overseas share83.3 %Year on year against the same period last year+1.8pt
Medium-term management plan targets
Medium-Term Management Plan 2025–2027
Revenue for the fiscal year ending December 2027
¥107 100 million
Operating profit for the fiscal year ending December 2027
¥33 100 million
Operating margin for the fiscal year ending December 2027At least 30%
ROE for the fiscal year ending December 2027At least 30%
Comparison with actual resultsSales and profit are expected to achieve the medium-term management plan one year ahead of schedule. The fiscal year ending December 2027 earnings outlook is scheduled for review.
Financial targets
ROE targetAt least 30%
Forecast ROE for the fiscal year ending December 202650% or more
Operating profit margin targetAt least 30%
Market Size / Share
Digital creator market130 million people
CLIP STUDIO PAINT subscribersMore than 1 million people
App share among works posted to pixiv63%
Usage rate among manga artists in Japan95%
Number of employees
Number of Employees274 people
Reference dateEnd-September 2026
Annual Dividend
Annual dividend per share¥52
Breakdown
Interim20
End of period32
35th Anniversary10
Payout ratio
57%Acquisition of treasury shares
Total acquisition price¥65 100 million
PeriodTo date
| Item | Details |
|---|---|
| Document type | Supplementary materials for the financial results briefing |
| Fiscal Period Covered | Fiscal year ending December 2026: third quarter |
| Net Sales | ¥8,068 million (YoY +15.5%) |
| Operating profit | ¥3,092 million (YoY +38.3%) |
| Ordinary income | ¥3,116 million (YoY +40.0%) |
| Net income | ¥2,123 million (YoY +56.1%) |
| Operating profit margin | 38.3 % |
| 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 75% / Operating profit 77% / Ordinary income 78% / Quarterly net income 80% |
| Self-assessment against the plan | The third quarter performed well against the revised plan. |
| Key KPIs | Indicator name Subscription ARR / Value ¥67.3 100 million / Year on year against the same period last year +31.8%, Indicator name Subscription churn rate (3-month average) / Value 4.8 % / Year on year against the same period last year +0.2pt, Indicator name Platform users / Value 1,376 10,000 people / Year on year against the same period last year +25.2%, Indicator name Cumulative CLIP STUDIO PAINT units shipped / Value 7,083 10,000 units / Year on year against the same period last year +26.5%, Indicator name CLIP STUDIO PAINT overseas share / Value 83.3 % / Year on year against the same period last year +1.8pt |
| Number of employees | Number of Employees 274 people / Reference date End-September 2026 |
| Medium-term management plan targets | Subject Medium-Term Management Plan 2025–2027 / Revenue for the fiscal year ending December 2027 ¥107 100 million / Operating profit for the fiscal year ending December 2027 ¥33 100 million / Operating margin for the fiscal year ending December 2027 At least 30% / ROE for the fiscal year ending December 2027 At least 30% / Comparison with actual results Sales and profit are expected to achieve the medium-term management plan one year ahead of schedule. The fiscal year ending December 2027 earnings outlook is scheduled for review. |
| Financial targets | ROE target At least 30% / Forecast ROE for the fiscal year ending December 2026 50% or more / Operating profit margin target At least 30% |
| Annual Dividend | Annual dividend per share ¥52 / Breakdown Interim 20 / End of period 32 / 35th Anniversary 10 |
| Payout ratio | 57% |
| Acquisition of treasury shares | Total acquisition price ¥65 100 million / Period To date |
| Market Size / Share | Digital creator market 130 million people / CLIP STUDIO PAINT subscribers More than 1 million people / App share among works posted to pixiv 63% / Usage rate among manga artists in Japan 95% |
| 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, Development of services supporting creator monetization, Development of services to strengthen the user community, We will not proceed with functions using image-generation AI. |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital 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, particularly in emerging markets and mobile, while sales of the one-time purchase version were also strong due to the major version upgrade and promotional campaigns. In addition to higher revenue, operating profit benefited from selling, general and administrative expenses, including outsourcing costs and advertising expenses, tracking the plan. As the promotional campaign scheduled for September was changed from September to October, some sales and advertising expenses are expected to shift to the fourth quarter.
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.