Worth reading
63In 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
117
Year-on-year change (revenue, %)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportQ3 FY20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales4,148 Millions of yen+117.0%
Operating profit51 Millions of yen+173.0%
Ordinary income88 Millions of yen+174.0%
Net income2 Millions of yen
Results for the three months of the current quarter
Net Sales
1,505 Millions of yen
Operating profit
55 Millions of yen
Full-year earnings forecast
Net Sales
5,600 Millions of yen
Gross profit
2,650 Millions of yen
Operating profit
50 Millions of yen
Ordinary income
40 Millions of yen
Net income
20 Millions of yen
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 Sales74%
Solutions business sales76%
Platform business sales66%
Gross profit81%
Solutions business gross profit77%
Platform business gross profit72%
Operating profit102%
Solutions business operating profit84%
Ordinary income220%
Net income10%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit and ordinary profit have already exceeded the full-year forecastsAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange
Average monthly exchange rates from April to June 2026
US$1Approximately ¥160 per US dollar
1 yuanApproximately ¥23.4 per yuan
New initiatives
- Launched affiliate-based sales of other companies’ products on TikTok Shop
- Opened a TikTok Shop account for the in-house brand AP LAB
- Entered into a capital and business alliance with 株式会社CREOK
- Launched an LLMO diagnostic service
- Added AP LAB and KACHIKA coupons offering 15% off each as shareholder benefits
Key KPIsA metric the company considers important as a management benchmark.
- TikTok Shop sales valueApproximately 4.2x
- Proprietary-brand salesApproximately 9x
- Cumulative AP LAB hanger sales1,000,000 bottles
- Cumulative AP LAB dish-drying rack sales25,000 Units
- Annualized cross-border e-commerce sales to South KoreaApproximately ¥100 million
Segment results
Solutions Business
Net Sales
2,199 Millions of yen+101.0%
Gross profit
774 Millions of yen+92.0%
Operating profit
487 Millions of yen+101.0%
Platform Business
Net Sales
1,992 Millions of yen+163.0%
Gross profit
1,406 Millions of yen+171.0%
Operating profit
-127 Millions of yen
Incubation Business
Net Sales
37 Millions of yen+15.0%
Gross profit
36 Millions of yen+19.0%
Operating profit
-36 Millions of yen
Medium-term management plan targets
FY28 salesApproximately ¥10 billion
Market Size / Share
China live commerce transaction valueApproximately ¥140 trillion in 2025
China live commerce GMV2025: 6,417.2 (¥10 billion)
Share of total transaction value originating from video and LIVEApproximately 70%
TikTok Shop active sellersMore than 50,000 stores
TikTok Shop content creatorsMore than 200,000 people
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | 4,148 Millions of yen (YoY +117.0%) |
| Operating profit | 51 Millions of yen (YoY +173.0%) |
| Ordinary income | 88 Millions of yen (YoY +174.0%) |
| Net income | 2 Millions of yen |
| Results for the three months of the current quarter | Net Sales 1,505 Millions of yen / Operating profit 55 Millions of yen |
| Full-year earnings forecast | Net Sales 5,600 Millions of yen / Gross profit 2,650 Millions of yen / Operating profit 50 Millions of yen / Ordinary income 40 Millions of yen / Net income 20 Millions of yen |
| Progress against full-year forecast | Net Sales 74% / Solutions business sales 76% / Platform business sales 66% / Gross profit 81% / Solutions business gross profit 77% / Platform business gross profit 72% / Operating profit 102% / Solutions business operating profit 84% / Ordinary income 220% / Net income 10% |
| Self-assessment against the plan | Operating profit and ordinary profit have already exceeded the full-year forecasts |
| Segment results | Solutions Business Net Sales 2,199 Millions of yen (YoY +101.0%) / Gross profit 774 Millions of yen (YoY +92.0%) / Operating profit 487 Millions of yen (YoY +101.0%) / Platform Business Net Sales 1,992 Millions of yen (YoY +163.0%) / Gross profit 1,406 Millions of yen (YoY +171.0%) / Operating profit -127 Millions of yen / Incubation Business Net Sales 37 Millions of yen (YoY +15.0%) / Gross profit 36 Millions of yen (YoY +19.0%) / Operating profit -36 Millions of yen |
| Key KPIs | Indicator name TikTok Shop sales value / Value Approximately 4.2x / Year on year against the same period last year Not disclosed, Indicator name Proprietary-brand sales / Value Approximately 9x / Year on year against the same period last year Not disclosed, Indicator name Cumulative AP LAB hanger sales / Value 1,000,000 bottles / Year on year against the same period last year Not disclosed, Indicator name Cumulative AP LAB dish-drying rack sales / Value 25,000 Units / Year on year against the same period last year Not disclosed, Indicator name Annualized cross-border e-commerce sales to South Korea / Value Approximately ¥100 million / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Foreign Exchange US$1 Approximately ¥160 per US dollar / 1 yuan Approximately ¥23.4 per yuan / Subject Average monthly exchange rates from April to June 2026 |
| Medium-term management plan targets | FY28 sales Approximately ¥10 billion |
| Market Size / Share | China live commerce transaction value Approximately ¥140 trillion in 2025 / China live commerce GMV 2025: 6,417.2 (¥10 billion) / Share of total transaction value originating from video and LIVE Approximately 70% / TikTok Shop active sellers More than 50,000 stores / TikTok Shop content creators More than 200,000 people |
| New initiatives | Launched affiliate-based sales of other companies’ products on TikTok Shop, Opened a TikTok Shop account for the in-house brand AP LAB, Entered into a capital and business alliance with 株式会社CREOK, Launched an LLMO diagnostic service, Added AP LAB and KACHIKA coupons offering 15% off each as shareholder benefits |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout 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.Revenue and profit increased due to the expansion of sales in the new business, growth of in-house brands, stable earnings from existing businesses, and the use of AI and cost efficiencies. The full-year forecasts were left unchanged because the recoverability of deferred tax assets and the impact on net income are being reviewed based on future business plans and the outlook for taxable income.
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.