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Financial results presentation3678MEDIA DO Co.,Ltd.Information and Communications, Services and Others

Full-Year Results Presentation for the Fiscal Year Ending February 2026

Revenue reached ¥108.53 billion, driven by growth in the e-book distribution business, setting a new record high for the first time in four years. Operating income declined to ¥2.45 billion, reflecting delays in improving the strategic investment business and the investment burden associated with developing a translation system and other initiatives.

Worth reading
74In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
6.5
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFull fiscal year ended February 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,085.3 100 million+6.5%
Operating profit¥24.5 100 million-0.9%
Net income¥18.1 100 million+33.3%
Operating profit margin2.3% (year-on-year change in percentage points: Not disclosed)
Selling, general and administrative expensesQuarterly SG&A expenses are provided, but the full-year total is Not disclosed. The SG&A expense ratio to revenue is Not disclosed
Results for the three months of the current quarter
Net Sales
¥280.28 100 million
Operating profit
¥5.45 100 million
Profit attributable to owners of the parent
¥1.85 100 million
Full-year earnings forecast
Net Sales
¥1,180 100 million
Operating profit
¥24 100 million
Profit attributable to owners of the parent
¥12 100 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。
Fiscal year ended February 2026 results
Net Sales102.4%
EBITDA93.3%
Operating profit90.2%
Profit attributable to owners of the parent90.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue met the full-year forecast. Profit items fell short of the initial forecast
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • E-book distribution business¥79 million
  • International Business¥-98 million
  • 日本文芸社¥-136 million
  • Flier Inc.¥-69 million
  • Other IP and solutions businesses¥82 million
  • Shopping-center business¥9 million
  • Adjustments¥-133 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Revenue growth rate for the e-book distribution businessAssumes a growth rate in line with the market
Exchange rate at the time of the Seven Seas acquisition157.19 JPY/USD
New initiatives
  • Acquisition of Seven Seas Entertainment
  • Development of a BI tool for publishers
  • Investment in enhanced security
  • Expansion of outsourced services for e-book retailers
  • Partnership agreement between xIB JAPAN and B.LEAGUE
Key KPIsA metric the company considers important as a management benchmark.
  • Number of publishing partners2,200 companies or more
  • Number of e-book retailers150 companies or more
  • Number of newly registered content items92 10,000 items annual
  • Gross merchandise value¥1,930 100 million
  • E-book distribution market share30 Approximately %
Segment results
E-book distribution business
Net Sales
¥101,107 million
Operating profit
¥4,910 million
Strategic investment business
Net Sales
¥8,716 million
Operating profit (loss)
¥-631 million
Medium-term management plan targets
The e-book distribution business, overseas expansion and the SC business will be the pillars of the growth strategy. Numerical targets and target years are Not disclosed
Market Size / Share
  • E-book market size¥6,500 100 million
  • E-book distribution market share30 Approximately %
  • Number of titles published annually by Seven Seas1,000 books
Number of employees
The number of employees is Not disclosed. The presentation discusses strengthening the workforce structure
Capital expenditures
¥1.5 100 million
Annual Dividend
Annual dividend per share¥40
BreakdownYear-end dividend: ¥40
Payout ratio
33% (current-year total payout ratio: Not disclosed)
Acquisition of treasury shares
Past share repurchases totaled ¥1.0 billion in the fiscal year ended February 2023 and ¥500 million in the fiscal year ended February 2025. The repurchase limit for the fiscal year ended February 2026 is Not disclosed
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFull fiscal year ended February 2026
Net Sales¥1,085.3 100 million (YoY +6.5%)
Operating profit¥24.5 100 million (YoY -0.9%)
Net income¥18.1 100 million (YoY +33.3%)
Operating profit margin2.3% (year-on-year change in percentage points: Not disclosed)
Selling, general and administrative expensesQuarterly SG&A expenses are provided, but the full-year total is Not disclosed. The SG&A expense ratio to revenue is Not disclosed
Results for the three months of the current quarterNet Sales ¥280.28 100 million / Operating profit ¥5.45 100 million / Profit attributable to owners of the parent ¥1.85 100 million
Full-year earnings forecastNet Sales ¥1,180 100 million / Operating profit ¥24 100 million / Profit attributable to owners of the parent ¥12 100 million
Progress against full-year forecastFiscal year ended February 2026 results Net Sales 102.4% / EBITDA 93.3% / Operating profit 90.2% / Profit attributable to owners of the parent 90.9%
Self-assessment against the planRevenue met the full-year forecast. Profit items fell short of the initial forecast
Segment resultsE-book distribution business Net Sales ¥101,107 million / Operating profit ¥4,910 million / Strategic investment business Net Sales ¥8,716 million / Operating profit (loss) ¥-631 million
Breakdown of Factors Affecting the ChangeFactors E-book distribution business / Amount ¥79 million, Factors International Business / Amount ¥-98 million, Factors 日本文芸社 / Amount ¥-136 million, Factors Flier Inc. / Amount ¥-69 million, Factors Other IP and solutions businesses / Amount ¥82 million, Factors Shopping-center business / Amount ¥9 million, Factors Adjustments / Amount ¥-133 million
Key KPIsIndicator name Number of publishing partners / Value 2,200 companies or more / Year on year against the same period last year Not disclosed, Indicator name Number of e-book retailers / Value 150 companies or more / Year on year against the same period last year Not disclosed, Indicator name Number of newly registered content items / Value 92 10,000 items (annual) / Year on year against the same period last year Not disclosed, Indicator name Gross merchandise value / Value ¥1,930 100 million / Year on year against the same period last year Not disclosed, Indicator name E-book distribution market share / Value 30 Approximately % / Year on year against the same period last year Not disclosed
Number of employeesThe number of employees is Not disclosed. The presentation discusses strengthening the workforce structure
Assumptions Underlying the Business OutlookRevenue growth rate for the e-book distribution business Assumes a growth rate in line with the market / Exchange rate at the time of the Seven Seas acquisition 157.19 JPY/USD
Medium-term management plan targetsThe e-book distribution business, overseas expansion and the SC business will be the pillars of the growth strategy. Numerical targets and target years are Not disclosed
Annual DividendAnnual dividend per share ¥40 / Breakdown Year-end dividend: ¥40
Payout ratio33% (current-year total payout ratio: Not disclosed)
Acquisition of treasury sharesPast share repurchases totaled ¥1.0 billion in the fiscal year ended February 2023 and ¥500 million in the fiscal year ended February 2025. The repurchase limit for the fiscal year ended February 2026 is Not disclosed
Capital expenditures¥1.5 100 million
Market Size / ShareE-book market size ¥6,500 100 million, E-book distribution market share 30 Approximately %, Number of titles published annually by Seven Seas 1,000 books
New initiativesAcquisition of Seven Seas Entertainment, Development of a BI tool for publishers, Investment in enhanced security, Expansion of outsourced services for e-book retailers, Partnership agreement between xIB JAPAN and B.LEAGUE
Items this document does not state (8)
Ordinary incomeGross Profit MarginUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsOrders 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 benefited from growth in both the existing and new distribution channels of the e-book distribution business. Operating income was affected by delays in improving the profitability of 日本文芸社 and フライヤー in the strategic investment business, development costs for a translation system to strengthen overseas expansion, investment in enhanced security, and the discontinuation of high-margin services. Net income was primarily driven by the gain on the sale of MyAnimeList.

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Full-Year Results Presentation for the Fiscal Year Ending February 2026 | MEDIA DO Co.,Ltd. (3678) timely disclosure | Komori