Worth reading
74In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
126
¥ million (improvement in the interim-period operating loss)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending September 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,542 million+9.3%
Operating profit¥-100 million
Ordinary income¥-97 million
Net income¥-89 million net income attributable to owners of the parent
Gross Profit Margin
Rate25.2%
Year-on-year change (points)Improved by 6.9 percentage points from 18.3% in the same interim period of the previous year
Operating profit margin
Rate-6.5%
Year-on-year change (points)Improved by 9.6 percentage points from -16.1% in the same interim period of the previous year
Results for the three months of the current quarter
Net Sales¥784 million (up 18.7% year on year)
Operating profit−¥37 million
Ordinary income−¥36 million
Net income-¥28 million (net income attributable to owners of the parent for the quarter)
Gross profit¥210 million
Full-year earnings forecast
Net Sales¥3,321 million
Operating profit-¥123 million
Ordinary income-¥121 million
Profit attributable to owners of the parent-¥124 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
MAU and subscription revenue for Manga BANG! are below plan, while daily advertising revenue, manga production, and cross-border e-commerce are expanding steadily. Among the KPIs, some are substantially ahead of plan, some are broadly in line with plan, some are below plan, and some are above plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in contribution profit from higher revenue¥34 million
Improvement in contribution margin¥98 million
Decline in Advertising Expenses¥36 million
Increase in personnel expenses-¥48 million
Other¥7 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Apple platform feesFiguresReduced from 30% to 26%
- Impact of fee reductionFiguresApproximately ¥50 million annually
New initiatives
- Preparation to introduce out-of-app payments
- Adding some advertising placements and increasing the number of times video advertisements are shown
- Additional investment in manga production
- Making リーデックス a wholly owned subsidiary and beginning consolidation
- Operating Manga BANG Magazine through a business alliance with ランク王
Key KPIsA metric the company considers important as a management benchmark.
- MAUTracking below plan
- Daily advertising revenueImproved 25% year on year from the same interim period of the previous yearYear on year against the same period last yearImproved 25% year on year
- Number of days usedTracking broadly in line with plan
- Payment conversion rateTracking below plan
- ARPPUTracking above plan
- Number of manga titles produced53 Titles currently serialized
- Fandom Tokyo interim-period revenue220 Over ¥1 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- MAUSlight decrease
- Daily advertising revenueImproved 25% year on year from the same interim period of the previous year
- ARPPUTracking above plan
- Average order valueUpward trend
Segment results
Entertainment
Net Sales¥1,492 million
Year on year against the same period last yearUp 6.8% year on year
IT Solutions
Net Sales¥49 million
Year on year against the same period last yearUp 269.3% year on year
Market Size / Share
¥670.3 billion in FY2024, forecast to reach ¥779.4 billion in FY2029
Number of employees
Number of Employees104 people
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥1,542 million (YoY +9.3%) |
| Operating profit | ¥-100 million |
| Ordinary income | ¥-97 million |
| Net income | ¥-89 million (net income attributable to owners of the parent) |
| Gross Profit Margin | Rate 25.2% / Year-on-year change (points) Improved by 6.9 percentage points from 18.3% in the same interim period of the previous year |
| Operating profit margin | Rate -6.5% / Year-on-year change (points) Improved by 9.6 percentage points from -16.1% in the same interim period of the previous year |
| Results for the three months of the current quarter | Net Sales ¥784 million (up 18.7% year on year) / Operating profit −¥37 million / Ordinary income −¥36 million / Net income -¥28 million (net income attributable to owners of the parent for the quarter) / Gross profit ¥210 million |
| Full-year earnings forecast | Net Sales ¥3,321 million / Operating profit -¥123 million / Ordinary income -¥121 million / Profit attributable to owners of the parent -¥124 million |
| Self-assessment against the plan | MAU and subscription revenue for Manga BANG! are below plan, while daily advertising revenue, manga production, and cross-border e-commerce are expanding steadily. Among the KPIs, some are substantially ahead of plan, some are broadly in line with plan, some are below plan, and some are above plan. |
| Segment results | Entertainment Net Sales ¥1,492 million / Year on year against the same period last year Up 6.8% year on year / IT Solutions Net Sales ¥49 million / Year on year against the same period last year Up 269.3% year on year |
| Breakdown of Factors Affecting the Change | Increase in contribution profit from higher revenue ¥34 million / Improvement in contribution margin ¥98 million / Decline in Advertising Expenses ¥36 million / Increase in personnel expenses -¥48 million / Other ¥7 million |
| Key KPIs | Indicator name MAU / Value Tracking below plan / Year on year against the same period last year Not disclosed, Indicator name Daily advertising revenue / Value Improved 25% year on year from the same interim period of the previous year / Year on year against the same period last year Improved 25% year on year, Indicator name Number of days used / Value Tracking broadly in line with plan / Year on year against the same period last year Not disclosed, Indicator name Payment conversion rate / Value Tracking below plan / Year on year against the same period last year Not disclosed, Indicator name ARPPU / Value Tracking above plan / Year on year against the same period last year Not disclosed, Indicator name Number of manga titles produced / Value 53 Titles (currently serialized) / Year on year against the same period last year Not disclosed, Indicator name Fandom Tokyo interim-period revenue / Value 220 Over ¥1 million / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name MAU / Value Slight decrease, Indicator name Daily advertising revenue / Value Improved 25% year on year from the same interim period of the previous year, Indicator name ARPPU / Value Tracking above plan, Indicator name Average order value / Value Upward trend |
| Number of employees | Number of Employees 104 people / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Item Apple platform fees / Figures Reduced from 30% to 26%, Item Impact of fee reduction / Figures Approximately ¥50 million annually |
| Market Size / Share | Market Size ¥670.3 billion in FY2024, forecast to reach ¥779.4 billion in FY2029 / Share Not disclosed |
| New initiatives | Preparation to introduce out-of-app payments, Adding some advertising placements and increasing the number of times video advertisements are shown, Additional investment in manga production, Making リーデックス a wholly owned subsidiary and beginning consolidation, Operating Manga BANG Magazine through a business alliance with ランク王 |
Items this document does not state (12)
Selling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial 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.The improvement in the operating loss was attributed to growth in manga production revenue and IT solutions and cross-border e-commerce, an increase in high-gross-margin manga production revenue, lower Apple platform fees, and lower advertising expenses. The company also explained that subscription revenue fell short of expectations because of a decline in MAU for Manga BANG! and weaker consumer sentiment.
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.