Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-1050
Millions of yen (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of fiscal 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥17,644 million-5.6%
Operating profit¥921 million-21.7%
Ordinary income¥1,367 million-3.8%
Net income¥992 million-0.5%
Operating profit margin5.2 %
Results for the three months of the current quarter
Net Sales
¥17,644 million
Operating profit
¥921 million
Ordinary income
¥1,367 million
Net income
¥992 million
Full-year earnings forecast
Net Sales
¥74,500 million
Operating profit
¥750 million
Ordinary income
¥1,000 million
Profit attributable to owners of the parent
¥600 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Business income/(loss)¥186 million
Program costs¥613 million
Advertising expenses¥138 million
Monthly platform fee¥117 million
Other¥89 million
Member revenue¥-1,230 million
Group companies (media content)¥-16 million
Group companies (telemarketing)¥-138 million
Consolidated adjustments¥-16 million
Foreign Exchange Gains¥214 million
Non-operating income and expenses¥-14 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed Exchange Rates¥160 per US$1
Program costs as a percentage of non-consolidated net salesApproximately 40.5% of non-consolidated net sales
New initiatives
- Establishment of a joint venture to take over the Lemino business from NTT DOCOMO and operate a new OTT service
- Private placement of new shares to NTT DOCOMO, the subscriber (815,800 shares; ownership ratio: 2.80%)
- Growth investments by the JV in the distribution of entertainment video content
- New and forthcoming content offerings, including sports and music content, films and events
Key KPIsA metric the company considers important as a management benchmark.
- Net additions-79 thousand casesYear on year against the same period last yearYear-on-year change: ▲2 thousand accounts
- Cumulative net additions2,088 thousand casesYear on year against the same period last year+91.5%
- Multiple contracts277 thousand casesYear on year against the same period last year+90.3%
- Accommodation facility contracts91 thousand casesYear on year against the same period last year+102.0%
Segment results
Media and Content
Net Sales
¥16,021 million-4.9%
Operating profit
¥1,001 million-9.1%
Telemarketing
Net Sales
¥2,360 million-11.0%
Operating profit
¥-78 million
Medium-term management plan targets
The relationship between the business areas and segments under the Medium-Term Management Plan (FY2025–FY2029), and a reference to the “new distribution service” under the FY2026 priority strategies. Specific target figures: not disclosedCapital expenditures
¥841.09 million funds raised through the private placement of new shares to finance growth investments by the JV
Annual Dividend
Fiscal 2026 Plan
Annual Dividend¥30 per share
Payout ratio
Fiscal 2026 Plan141.9 %
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of fiscal 2026 |
| Net Sales | ¥17,644 million (YoY -5.6%) |
| Operating profit | ¥921 million (YoY -21.7%) |
| Ordinary income | ¥1,367 million (YoY -3.8%) |
| Net income | ¥992 million (YoY -0.5%) |
| Operating profit margin | 5.2 % |
| Results for the three months of the current quarter | Net Sales ¥17,644 million / Operating profit ¥921 million / Ordinary income ¥1,367 million / Net income ¥992 million |
| Full-year earnings forecast | Net Sales ¥74,500 million / Operating profit ¥750 million / Ordinary income ¥1,000 million / Profit attributable to owners of the parent ¥600 million |
| Segment results | Media and Content Net Sales ¥16,021 million (YoY -4.9%) / Operating profit ¥1,001 million (YoY -9.1%) / Telemarketing Net Sales ¥2,360 million (YoY -11.0%) / Operating profit ¥-78 million |
| Breakdown of Factors Affecting the Change | Business income/(loss) ¥186 million / Program costs ¥613 million / Advertising expenses ¥138 million / Monthly platform fee ¥117 million / Other ¥89 million / Member revenue ¥-1,230 million / Group companies (media content) ¥-16 million / Group companies (telemarketing) ¥-138 million / Consolidated adjustments ¥-16 million / Foreign Exchange Gains ¥214 million / Non-operating income and expenses ¥-14 million |
| Key KPIs | Net additions -79 thousand cases, Cumulative net additions 2,088 thousand cases, Multiple contracts 277 thousand cases, Accommodation facility contracts 91 thousand cases |
| Assumptions Underlying the Business Outlook | Assumed Exchange Rates ¥160 per US$1 / Program costs as a percentage of non-consolidated net sales Approximately 40.5% of non-consolidated net sales |
| Medium-term management plan targets | The relationship between the business areas and segments under the Medium-Term Management Plan (FY2025–FY2029), and a reference to the “new distribution service” under the FY2026 priority strategies. Specific target figures: not disclosed |
| Annual Dividend | Fiscal 2026 Plan Annual Dividend ¥30 per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Fiscal 2026 Plan 141.9 % |
| Capital expenditures | ¥841.09 million (funds raised through the private placement of new shares to finance growth investments by the JV) |
| New initiatives | Establishment of a joint venture to take over the Lemino business from NTT DOCOMO and operate a new OTT service, Private placement of new shares to NTT DOCOMO, the subscriber (815,800 shares; ownership ratio: 2.80%), Growth investments by the JV in the distribution of entertainment video content, New and forthcoming content offerings, including sports and music content, films and events |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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.Although business revenue increased, net sales declined because membership revenue and telemarketing business sales decreased. Ordinary profit also declined in line with the decrease in net sales. Regarding net additions, sports and music content contributed to new customer acquisition, while cancellations increased as certain programs ended, including due to the soccer off-season.
How to read this page
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