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Presentation materials for financial results4337PIA CORPORATIONInformation and Communications, Services and Others

Supplementary Explanatory Materials for FY2025 Financial Results (Fiscal Year Ending March 2026)

In FY2025, revenue and all profit figures increased significantly, reaching record highs, driven by large-scale events, strong ticket sales and revisions to service fees. While cumulative losses were eliminated and dividends resumed for the first time in 6 fiscal years, FY2026 is expected to see lower revenue and profits due to the reversal of the boost from large-scale events and higher investment costs.

Worth reading
58In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1675
¥ million (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFY2025 (fiscal year ending March 2026)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥55,330 million+22.0%
Operating profit¥4,311 million+63.6%
Ordinary income¥4,345 million+82.7%
Net income¥3,317 million +108.4%net income attributable to owners of the parent
Selling, general and administrative expenses¥17,396 million
Full-year earnings forecast
Fiscal 2026 (fiscal year ending March 2027)
Net Sales
¥48,000 million
Operating profit
¥2,500 million
Ordinary income
¥2,300 million
Profit attributable to owners of the parent
¥1,500 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achieved the medium-term management plan targets by a wide margin
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Commissioned projects such as Expo 2025 Osaka-Kansai and the Tokyo 2025 World Athletics Championships
  • Increase in company-sponsored events
  • Strong ticket sales for large-scale performances, professional sports and leisure activities
  • Improved cost structure following revisions to service fees
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The temporary increase in earnings from major international events is expected to fall away and investment costs to rise substantially. Numerical assumptions for foreign exchange rates, raw material prices and other factors are not disclosed
New initiatives
  • Launch of the new medium-term management plan (FY2026–FY2028)
  • Increase investment in the content creation business and venue network business
  • Return new businesses, including the hospitality, DMS and global businesses, to profitability
  • Transition to a next-generation platform
  • Investment in the use of AI and enhanced security
  • Relocation of head office functions in FY2028
  • Business partnership with JR West
  • Commissioned ticketing operations for GREEN×EXPO 2027
  • Opening of Tokyo Tatemono Pia Theater & Conference
  • Opening of Shibuya PIT ZERO
  • Launch of the monthly magazine Tobu! Pia
  • Advancement of the BLCP plan for employees
Key KPIsA metric the company considers important as a management benchmark.
  • Transaction Value3,000 over ¥100 million
    Year on year against the same period last yearAt a record-high level
  • Ticket Pia registered members2,200 10,000 people
  • Annual tickets issued8,500 10,000 passes
  • Nationwide ticket-issuing network38,000 Locations
  • Targets45,000 companies
  • Events handled160,000 Engagements
  • Solution customers250 companies
  • Annual events planned, sponsored and operated700 videos+
Medium-term management plan targets
New medium-term management plan (FY2026–FY2028)
Target fiscal yearFY2028
Net Sales
¥50,000 million
Operating profit
¥3,200 million
Ordinary income
¥2,700 million
Profit attributable to owners of the parent
¥1,800 million
Previous Medium-Term Management Plan
Target fiscal yearFY2025
Actual operating profit
¥4,311 million
Achievement rate153%
Market Size / Share
Live entertainment market size
2025Expected to exceed ¥800 billion
2030Estimated to approach approximately ¥900 billion
Number of employees
Number of EmployeesHired 5 para and deaf athletes
Annual Dividend
FY2025
End of period
¥35 per share
FY2026 forecast
Annual
¥30 per share
Payout ratio
Consolidated payout ratioApproximately 30%
Total payout ratioApproximately 40%
Acquisition of treasury shares
Share repurchases were cited as one of the three pillars of the policy. The repurchase amount, number of shares and period have not been disclosed
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFY2025 (fiscal year ending March 2026)
Net Sales¥55,330 million (YoY +22.0%)
Operating profit¥4,311 million (YoY +63.6%)
Ordinary income¥4,345 million (YoY +82.7%)
Net income¥3,317 million (net income attributable to owners of the parent) (YoY +108.4%)
Selling, general and administrative expenses¥17,396 million
Full-year earnings forecastFiscal 2026 (fiscal year ending March 2027) Net Sales ¥48,000 million / Operating profit ¥2,500 million / Ordinary income ¥2,300 million / Profit attributable to owners of the parent ¥1,500 million
Self-assessment against the planAchieved the medium-term management plan targets by a wide margin
Breakdown of Factors Affecting the ChangeCommissioned projects such as Expo 2025 Osaka-Kansai and the Tokyo 2025 World Athletics Championships, Increase in company-sponsored events, Strong ticket sales for large-scale performances, professional sports and leisure activities, Improved cost structure following revisions to service fees
Key KPIsIndicator name Transaction Value / Value 3,000 over ¥100 million / Year on year against the same period last year At a record-high level, Indicator name Ticket Pia registered members / Value 2,200 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Annual tickets issued / Value 8,500 10,000 passes / Year on year against the same period last year Not disclosed, Indicator name Nationwide ticket-issuing network / Value 38,000 Locations / Year on year against the same period last year Not disclosed, Indicator name Targets / Value 45,000 companies / Year on year against the same period last year Not disclosed, Indicator name Events handled / Value 160,000 Engagements / Year on year against the same period last year Not disclosed, Indicator name Solution customers / Value 250 companies / Year on year against the same period last year Not disclosed, Indicator name Annual events planned, sponsored and operated / Value 700 videos+ / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees Hired 5 para and deaf athletes / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookThe temporary increase in earnings from major international events is expected to fall away and investment costs to rise substantially. Numerical assumptions for foreign exchange rates, raw material prices and other factors are not disclosed
Medium-term management plan targetsNew medium-term management plan (FY2026–FY2028) Target fiscal year FY2028 / Net Sales ¥50,000 million / Operating profit ¥3,200 million / Ordinary income ¥2,700 million / Profit attributable to owners of the parent ¥1,800 million / Previous Medium-Term Management Plan Target fiscal year FY2025 / Actual operating profit ¥4,311 million / Achievement rate 153%
Annual DividendFY2025 End of period ¥35 per share / Interim Not disclosed / FY2026 forecast Annual ¥30 per share / Interim and Year-End Breakdown Not disclosed
Payout ratioConsolidated payout ratio Approximately 30% / Total payout ratio Approximately 40%
Acquisition of treasury sharesShare repurchases were cited as one of the three pillars of the policy. The repurchase amount, number of shares and period have not been disclosed
Market Size / ShareLive entertainment market size 2025 Expected to exceed ¥800 billion / 2030 Estimated to approach approximately ¥900 billion / Share Not disclosed
New initiativesLaunch of the new medium-term management plan (FY2026–FY2028), Increase investment in the content creation business and venue network business, Return new businesses, including the hospitality, DMS and global businesses, to profitability, Transition to a next-generation platform, Investment in the use of AI and enhanced security, Relocation of head office functions in FY2028, Business partnership with JR West, Commissioned ticketing operations for GREEN×EXPO 2027, Opening of Tokyo Tatemono Pia Theater & Conference, Opening of Shibuya PIT ZERO, Launch of the monthly magazine Tobu! Pia, Advancement of the BLCP plan for employees
Items this document does not state (12)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsCapital 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.

Factors behind FY2025 performance included commissioned projects such as Expo 2025 Osaka-Kansai and the Tokyo 2025 World Athletics Championships, an increase in company-sponsored events, strong ticket sales for large-scale performances, professional sports and leisure activities, and an improved cost structure following the first revision to service fees in 16 years. In FY2026, the company expects the temporary increase in earnings from major international events to fall away and investment costs to rise substantially in preparation for the next medium-term management plan.

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Supplementary Explanatory Materials for FY2025 Financial Results (Fiscal Year Ending March 2026) | PIA CORPORATION (4337) timely disclosure | Komori