Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The sharp decline in network advertising rates, driven by a surge in bots using generative AI and other technologies, was the primary factor behind the decreases in revenue and operating profit. In addition to optimising advertising inventory, adding new advertising inventory and reviewing advertising operations, subscription-based revenue from the solutions business and paid revenue from Kabutan Premium grew, while a review of the business portfolio and optimisation of fixed costs supported earnings. Interest expense and extraordinary losses also contributed to the ordinary loss and net loss.
There is a description of significant events and other matters. Short-term interest-bearing debt is high relative to cash and deposits, and the Company recognises events and circumstances that raise significant doubt, but has determined that no significant uncertainty exists.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥3,909 million (YoY -9.1%) |
| Operating profit | ¥66 million (YoY -67.2%) |
| Ordinary income | ¥-18 million |
| Profit attributable to owners of the parent | ¥-94 million |
| Net income per share | -¥6.12 |
| Equity ratio | End of the current fiscal period 14.9 / End of previous period 14.5 |
| Total assets | ¥9,480 million |
| Net assets | ¥1,412 million |
| Cash flows from operating activities | ¥440,660 thousand |
| Cash flows from investing activities | ¥-324,713 thousand |
| Cash flows from financing activities | ¥-469,903 thousand |
| Cash and cash equivalents at end of period | ¥949,111 thousand |
| Full-year earnings forecast | Net Sales ¥7,200 million (YoY -18.0%) / Operating profit ¥550 million (YoY 0.0%) / Ordinary income ¥430 million (YoY +4.2%) / Net income ¥3,000 million (YoY +311.0%) |
| Revision to Earnings Forecast | Net Sales No revision / Operating profit No revision / Ordinary income No revision / Net income No revision |
| Annual Dividend Forecast | 0 yen → 0 yen（0.0%） |
| Segment revenue | Media business ¥1,995,440 thousand (YoY -12.6%), Solutions Business ¥1,750,821 thousand (YoY +2.6%) |
| Segment profit | Media business ¥-116,291 thousand, Solutions Business ¥173,777 thousand (YoY +153.8%) |
| Depreciation and amortization | ¥399,717 thousand |
| Impairment loss | None applicable (material impairment loss on fixed assets) |
| Breakdown of extraordinary income (loss) | Extraordinary income None / Extraordinary loss Settlement payment ¥28,024 thousand, Business reorganisation-related expenses ¥30,315 thousand, Office relocation expenses ¥11,053 thousand, Loss on sale of property, plant and equipment ¥237 thousand, Loss on disposal of non-current assets ¥230 thousand |
| Disclosure regarding the going concern assumption | There is a description of significant events and other matters. Short-term interest-bearing debt is high relative to cash and deposits, and the Company recognises events and circumstances that raise significant doubt, but has determined that no significant uncertainty exists. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | Newly included: 0 companies; excluded: 0 companies (interim period) |
| Material subsequent events | The Company decided to transfer all shares of livedoor to SBINM Gōdō Kaisha, enter into a capital and business alliance with NTT DATA and SBI, waive ¥1,410,076,021 in loan receivables from livedoor, and acquire all shares of Stock Data Bank. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 15,369,700 |
| Treasury Shares at Period-End | 63 |
| Factors Behind Changes in Business Performance | The sharp decline in network advertising rates, driven by a surge in bots using generative AI and other technologies, was the primary factor behind the decreases in revenue and operating profit. In addition to optimising advertising inventory, adding new advertising inventory and reviewing advertising operations, subscription-based revenue from the solutions business and paid revenue from Kabutan Premium grew, while a review of the business portfolio and optimisation of fixed costs supported earnings. Interest expense and extraordinary losses also contributed to the ordinary loss and net loss. |
Items this document does not state (5)
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.Against a backdrop of a sharp increase in mass access to media sites by bots using generative AI and other technologies, search engines and ad-serving companies revised their traffic quality controls and advertising delivery standards, causing network advertising rates to fall significantly. In addition, the Company recorded ¥76.226 million in interest expense and ¥69.860 million in extraordinary losses, including business reorganisation-related expenses and settlement payments. Meanwhile, subscription-based revenue from the solutions business and paid revenue from Kabutan Premium grew, and the Company also worked to optimise fixed costs.