Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
13.3
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending August 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,143 million+13.3%
Operating profit¥1,200 million+4.8%
Ordinary income1,126 Millions of yen +5.1%interim profit before tax
Net income¥792 million +3.7%interim profit attributable to owners of the parent
Selling, general and administrative expenses¥843 million total for Q1 and Q2; total in the quarterly trend table
Results for the three months of the current quarterRevenue of ¥2,213 million, operating profit of ¥693 million and profit for the period of ¥457 million. Cost of revenue was ¥1,131 million, gross profit was ¥1,082 million and selling, general and administrative expenses were ¥388 million.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress was broadly in line with the plan (including the number of manga volumes published, the number of new series launched and the hiring plan).Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
Dependence on specific IP: the share of revenue from the top 10 IPs is trending lower. Quarterly fluctuations: revenue fluctuates depending on the timing of new volume releases. Comparison of profit margins: differences in accounting treatment, including revenue from distribution businesses on a net basis, may contribute to differences from other companies. Improvement in the profit margin for the fiscal year ended August 2025: primarily due to the completion of amortization of contract-related assets.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue growth drivers: release of the latest volumes of popular proprietary IP titles and increased sales of backlist titles following anime broadcasts. Cost increases: cost of revenue rose by ¥76 million from the same quarter of the previous fiscal year due to upfront investment to increase the number of books released, and listing-related expenses were incurred in Q1 of the current fiscal year. Sales of digital comics and overseas licensing fell partly short of prior expectations.
New initiatives
Entry into the visual novel game business; distribution of the demo version of the first title, 『恋しかるべき』; announcement of the second title, 『終末の明日亭で乾杯を。』; recruitment and development of editors; release of products related to 『Pokémon LEGENDS Z-A + M次元ラッシュ』 in April 2026; and continued adaptation into anime and development into series.Key KPIsA metric the company considers important as a management benchmark.
91 employees (at the end of February 2026); 6 mid-career hires in the first half (including 3 editors); 126 manga volumes published by the main label (cumulative for the second quarter of the fiscal year ending August 2026, including 14 new series); 41 first volumes of light novels published (25 in the same period of the previous fiscal year); and a 43.9% share of revenue from the top 10 IPs (fiscal year ended August 2025).Segment results
Proprietary IP revenue was ¥4,088 million, up 13.8% year on year, including manga revenue of ¥3,057 million, up 16.3%; light novel revenue of ¥695 million, up 10.7%; and anime and other revenue of ¥335 million, down 0.3%. Revenue from third-party IP was ¥54 million, down 11.7%.Number of employees
91 employees (at the end of February 2026), an increase of 6 through mid-career hires in the first half (including 3 editors). The company also increased its editor headcount through new graduate hiring.Annual Dividend
¥44 per share (forecast for the fiscal year ending August 2026). Interim dividend: not disclosed.Payout ratio
Target payout ratio of approximately 40%| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending August 2026 |
| Net Sales | ¥4,143 million (YoY +13.3%) |
| Operating profit | ¥1,200 million (YoY +4.8%) |
| Ordinary income | 1,126 Millions of yen (interim profit before tax) (YoY +5.1%) |
| Net income | ¥792 million (interim profit attributable to owners of the parent) (YoY +3.7%) |
| Selling, general and administrative expenses | ¥843 million (total for Q1 and Q2; total in the quarterly trend table) |
| Results for the three months of the current quarter | Revenue of ¥2,213 million, operating profit of ¥693 million and profit for the period of ¥457 million. Cost of revenue was ¥1,131 million, gross profit was ¥1,082 million and selling, general and administrative expenses were ¥388 million. |
| Self-assessment against the plan | Progress was broadly in line with the plan (including the number of manga volumes published, the number of new series launched and the hiring plan). |
| Segment results | Proprietary IP revenue was ¥4,088 million, up 13.8% year on year, including manga revenue of ¥3,057 million, up 16.3%; light novel revenue of ¥695 million, up 10.7%; and anime and other revenue of ¥335 million, down 0.3%. Revenue from third-party IP was ¥54 million, down 11.7%. |
| Breakdown of Factors Affecting the Change | Revenue growth drivers: release of the latest volumes of popular proprietary IP titles and increased sales of backlist titles following anime broadcasts. Cost increases: cost of revenue rose by ¥76 million from the same quarter of the previous fiscal year due to upfront investment to increase the number of books released, and listing-related expenses were incurred in Q1 of the current fiscal year. Sales of digital comics and overseas licensing fell partly short of prior expectations. |
| Key KPIs | 91 employees (at the end of February 2026); 6 mid-career hires in the first half (including 3 editors); 126 manga volumes published by the main label (cumulative for the second quarter of the fiscal year ending August 2026, including 14 new series); 41 first volumes of light novels published (25 in the same period of the previous fiscal year); and a 43.9% share of revenue from the top 10 IPs (fiscal year ended August 2025). |
| Number of employees | 91 employees (at the end of February 2026), an increase of 6 through mid-career hires in the first half (including 3 editors). The company also increased its editor headcount through new graduate hiring. |
| Annual Dividend | ¥44 per share (forecast for the fiscal year ending August 2026). Interim dividend: not disclosed. |
| Payout ratio | Target payout ratio of approximately 40% |
| Key points of the Q&A | Dependence on specific IP: the share of revenue from the top 10 IPs is trending lower. Quarterly fluctuations: revenue fluctuates depending on the timing of new volume releases. Comparison of profit margins: differences in accounting treatment, including revenue from distribution businesses on a net basis, may contribute to differences from other companies. Improvement in the profit margin for the fiscal year ended August 2025: primarily due to the completion of amortization of contract-related assets. |
| New initiatives | Entry into the visual novel game business; distribution of the demo version of the first title, 『恋しかるべき』; announcement of the second title, 『終末の明日亭で乾杯を。』; recruitment and development of editors; release of products related to 『Pokémon LEGENDS Z-A + M次元ラッシュ』 in April 2026; and continued adaptation into anime and development into series. |
Items this document does not state (14)
Gross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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.Sales of proprietary IP increased on the release of the latest volumes of popular titles and increased sales of backlist titles following anime broadcasts. The resulting revenue growth more than offset higher costs, including listing-related expenses and upfront investment to increase the number of books released.
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.