Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
22.4
% (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales35,607¥ millionYear on year -5.2%Progress 43.3%
Operating profit1,266¥ millionYear on year -22.4%
Ordinary income1,955¥ millionYear on year -8.7%
Net income attributable to owners of the parent979¥ millionYear on year -32.3%
The 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.
Net income per share¥34.54
Financial position at period-end
Total assets107,967¥ million
of which net assets 69,305 ¥ millionEquity ratio 64.2%vs. prior year-end -9.4pt
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.
Cash inflows and outflows
Operating-1,185
Investment-1,687
Financials-877
Net change-3,749
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥22,694 million
Segment revenueMedia and Content ¥32,169 million (YoY -5.2%), Telemarketing ¥3,437 million (YoY -5.0%)
Segment profitMedia and Content ¥1,463 million (YoY -6.3%), Telemarketing ¥-195 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥82,200 million (YoY +6.6%)
Operating profit¥-5,200 million
Ordinary income¥-4,300 million
Net income¥-2,500 million
Revision to Earnings ForecastNot disclosed → Net Sales ¥82,200 million (YoY +6.6%) / Operating profit ¥-5,200 million / Ordinary income ¥-4,300 million / Net income ¥-2,500 million
Annual Dividend Forecast¥30 → ¥30（0.0%）
Factors Behind Changes in Business Performance
Although other revenue increased, revenue and profit declined due mainly to lower membership revenue. In Media and Content, other revenue, including program sales, increased, but membership revenue declined. In Telemarketing, sales from telemarketing services and other operations for external customers declined.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo material changes were made to the scope of consolidation during the interim period.
Material subsequent eventsOn 1 October 2026, WOWOW Lemino, which had succeeded to NTT DOCOMO’s “Lemino” business, was made a joint venture, with the company holding 51% of the voting rights. The company also conducted a private placement of new shares to NTT DOCOMO, raising ¥830 million in net proceeds through the issuance of 815,800 common shares.
Impairment loss¥293 million (telemarketing)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on sale of property, plant and equipment ¥0 million, Loss on disposal of non-current assets ¥61 million, Impairment loss ¥293 million, Loss on sale of investment securities ¥3 million
Depreciation and amortization¥1,475 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors, analysts and journalists)
Issued Shares at Period-End28,844,400
Treasury Shares at Period-End449,502
| 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 | ¥35,607 million (YoY -5.2%) |
| Operating profit | ¥1,266 million (YoY -22.4%) |
| Ordinary income | ¥1,955 million (YoY -8.7%) |
| Profit attributable to owners of the parent | ¥979 million (YoY -32.3%) |
| Net income per share | ¥34.54 |
| Equity ratio | End of the current fiscal period 64.2 / End of previous period 73.6 |
| Total assets | ¥107,967 million |
| Net assets | ¥69,305 million |
| Cash flows from operating activities | ¥-1,185 million |
| Cash flows from investing activities | ¥-1,687 million |
| Cash flows from financing activities | ¥-877 million |
| Cash and cash equivalents at end of period | ¥22,694 million |
| Full-year earnings forecast | Net Sales ¥82,200 million (YoY +6.6%) / Operating profit ¥-5,200 million / Ordinary income ¥-4,300 million / Net income ¥-2,500 million |
| Revision to Earnings Forecast | Not disclosed → Net Sales ¥82,200 million (YoY +6.6%) / Operating profit ¥-5,200 million / Ordinary income ¥-4,300 million / Net income ¥-2,500 million |
| Annual Dividend Forecast | ¥30 → ¥30（0.0%） |
| Segment revenue | Media and Content ¥32,169 million (YoY -5.2%), Telemarketing ¥3,437 million (YoY -5.0%) |
| Segment profit | Media and Content ¥1,463 million (YoY -6.3%), Telemarketing ¥-195 million |
| Depreciation and amortization | ¥1,475 million |
| Impairment loss | ¥293 million (telemarketing) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on sale of property, plant and equipment ¥0 million, Loss on disposal of non-current assets ¥61 million, Impairment loss ¥293 million, Loss on sale of investment securities ¥3 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No material changes were made to the scope of consolidation during the interim period. |
| Material subsequent events | On 1 October 2026, WOWOW Lemino, which had succeeded to NTT DOCOMO’s “Lemino” business, was made a joint venture, with the company holding 51% of the voting rights. The company also conducted a private placement of new shares to NTT DOCOMO, raising ¥830 million in net proceeds through the issuance of 815,800 common shares. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors, analysts and journalists) |
| Issued Shares at Period-End | 28,844,400 |
| Treasury Shares at Period-End | 449,502 |
| Factors Behind Changes in Business Performance | Although other revenue increased, revenue and profit declined due mainly to lower membership revenue. In Media and Content, other revenue, including program sales, increased, but membership revenue declined. In Telemarketing, sales from telemarketing services and other operations for external customers declined. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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 other revenue increased during the interim period, the company posted lower revenue and lower profit due mainly to a decline in membership revenue. The full-year forecast was revised following the acquisition of the “Lemino” entertainment video content streaming business and the establishment of a joint venture.
How to read this page
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