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Presentation materials for financial results4839WOWOW INC.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter (Interim Period) of Fiscal 2026

For the six months ended the second quarter of fiscal 2026, net sales, operating income, ordinary income and net income were below the same period of the previous year due to lower membership revenue. Meanwhile, the full-year plan was revised to reflect the succession of the Lemino business, with higher net sales but planned operating, ordinary and net losses due to investment in content and marketing expenses.

Worth reading
53Recurring
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
1958
Millions of yen (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFY2026 second quarter (interim period)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥35,607 million-5.2%
Operating profit¥1,266 million-22.4%
Ordinary income¥1,955 million-8.7%
Net income¥979 million-32.3%
Operating profit margin3.6%, down 0.7 percentage points year on year
Full-year earnings forecast
Net Sales
¥82,200 million
Operating profit
¥-5,200 million
Ordinary income
¥-4,300 million
Profit attributable to owners of the parent
¥-2,500 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)666
Program costs1,197
Monthly platform fee231
Advertising expenses151
Other418
Member revenue-2,679
Group companies (media content)10
Group companies (telemarketing)-242
Consolidated adjustments-117
Foreign Exchange Gains266
Non-operating income and expenses-87
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Program Costs (% of Standalone Revenue)
42 %
Standalone Revenue Forecast
¥60,600 million
Assumed Exchange Rates
160 Yen/Dollar
New initiatives
  • Joint operation of Lemino with NTT DOCOMO
  • Establishment of WOWOW Lemino, a joint venture operating the Lemino business
  • ¥840 million investment by NTT DOCOMO through a private placement of new shares
  • WOWOW Lemino to become a consolidated subsidiary from the third quarter of fiscal 2026
  • Expansion of Lemino’s content and rollout of joint WOWOW and Lemino content
Key KPIsA metric the company considers important as a management benchmark.
Cumulative net additions
2,084 thousand cases-9.3%
Multiple contracts
276 thousand cases-9.2%
Accommodation facility contracts
92 thousand cases+1.6%
Lemino Paid Subscribers
300 ten thousand items
d POINT Members
11,000 10,000 people
Docomo Shop
2,048 Location
Segment results
Media and Content
Net Sales
FY2025 2Q33,949
FY2026 Q232,169
Year on year against the same period last year-5.2%
Operating profit
FY2025 2Q1,561
FY2026 Q21,463
Year on year against the same period last year-6.3%
Telemarketing
Net Sales
FY2025 2Q5,243
FY2026 Q24,980
Year on year against the same period last year-5.0%
Operating profit
FY2025 2Q68
FY2026 Q2-195
Medium-term management plan targets
Lemino Paid SubscribersMore than 3 million
Cumulative Net Additions Across the GroupApproximately 5 million
FY2029 Revenue
¥1,080 100 million
FY2029 Operating Profit
¥60 100 million
Number of stores and locations
2,048 Docomo Shops nationwide. The number of openings and closures during the period was Not disclosed
Annual Dividend
Fiscal 2026 Plan
¥30 /share
Payout ratio
Not stated for the fiscal 2026 plan due to a net loss attributable to owners of the parent
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFY2026 second quarter (interim period)
Net Sales¥35,607 million (YoY -5.2%)
Operating profit¥1,266 million (YoY -22.4%)
Ordinary income¥1,955 million (YoY -8.7%)
Net income¥979 million (YoY -32.3%)
Operating profit margin3.6%, down 0.7 percentage points year on year
Full-year earnings forecastNet Sales ¥82,200 million / Operating profit ¥-5,200 million / Ordinary income ¥-4,300 million / Profit attributable to owners of the parent ¥-2,500 million
Segment resultsMedia and Content Net Sales FY2025 2Q 33,949 / FY2026 Q2 32,169 / yoy_pct -5.2 / Operating profit FY2025 2Q 1,561 / FY2026 Q2 1,463 / yoy_pct -6.3 / Telemarketing Net Sales FY2025 2Q 5,243 / FY2026 Q2 4,980 / yoy_pct -5 / Operating profit FY2025 2Q 68 / FY2026 Q2 -195 / yoy_pct Not disclosed
Breakdown of Factors Affecting the ChangeBusiness income/(loss) 666 / Program costs 1,197 / Monthly platform fee 231 / Advertising expenses 151 / Other 418 / Member revenue -2,679 / Group companies (media content) 10 / Group companies (telemarketing) -242 / Consolidated adjustments -117 / Foreign Exchange Gains 266 / Non-operating income and expenses -87
Key KPIsCumulative net additions 2,084 thousand cases (YoY -9.3%) / Multiple contracts 276 thousand cases (YoY -9.2%) / Accommodation facility contracts 92 thousand cases (YoY +1.6%) / Lemino Paid Subscribers 300 ten thousand items / d POINT Members 11,000 10,000 people / Docomo Shop 2,048 Location
Number of stores and locations2,048 Docomo Shops nationwide. The number of openings and closures during the period was Not disclosed
Assumptions Underlying the Business OutlookProgram Costs (% of Standalone Revenue) 42 % / Standalone Revenue Forecast ¥60,600 million / Assumed Exchange Rates 160 Yen/Dollar
Medium-term management plan targetsLemino Paid Subscribers More than 3 million / Cumulative Net Additions Across the Group Approximately 5 million / FY2029 Revenue ¥1,080 100 million / FY2029 Operating Profit ¥60 100 million
Annual DividendFiscal 2026 Plan ¥30 /share / Interim and Year-End Breakdown Not disclosed
Payout ratioNot stated for the fiscal 2026 plan due to a net loss attributable to owners of the parent
New initiativesJoint operation of Lemino with NTT DOCOMO, Establishment of WOWOW Lemino, a joint venture operating the Lemino business, ¥840 million investment by NTT DOCOMO through a private placement of new shares, WOWOW Lemino to become a consolidated subsidiary from the third quarter of fiscal 2026, Expansion of Lemino’s content and rollout of joint WOWOW and Lemino content
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders 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.

Revenue declined in the first half because the decrease in membership revenue exceeded the increase in business revenue, and profit declined in line with the decrease in net sales. Although program expenses and other costs were reduced, this was not enough to offset the decline in revenue. The revision to the full-year plan reflects higher net sales following the succession of the Lemino business, alongside investment in content, marketing and other areas.

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