Komori
Financial results presentation5031Moi CorporationInformation and Communications, Services and Others

Financial Results Presentation for the First Quarter of the Fiscal Year Ending January 2027

In the first quarter of the fiscal year ending January 2027, revenue remained broadly in line with the same period of the previous year, while operating income, ordinary income and net income increased due to lower payment processing fees and infrastructure costs. Membership revenue grew, as did usage by high-spending users, resulting in the highest underlying gross margin on record.

Worth reading
74In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
19.1
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending January 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,607.74 million0.0%
Operating profit¥61.75 million+19.1%
Ordinary income¥99.09 million+47.8%
Net income¥62.35 million+13.6%
Gross Profit Margin30 Underlying gross margin %
Operating profit margin3.8 %
Selling, general and administrative expenses¥740.76 million selling, general and administrative expenses
Results for the three months of the current quarterRevenue of ¥1,607 million, operating income of ¥61 million, ordinary income of ¥99 million and net income of ¥62 million. Figures for the first quarter.
Full-year earnings forecast
Net Sales
¥6,829 million
Operating profit
¥409 million
Ordinary income
¥461 million
Net income for the current fiscal yearTo be determined
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales23.5
Operating profit15.1
Ordinary income21.5
Net income for the current fiscal yearNot disclosed
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue, ordinary income and net income are within the expected range. Operating income is progressing slowly in Q1 because the plan is weighted toward the second half, but initiatives are being advanced toward achieving the full-year targets.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Gross profit¥-30 million
  • Fees¥71 million contribution to the decrease
  • Infrastructure¥24 million contribution to the decrease
  • Organizational Strengthening¥-10 million
  • Marketing¥-5 million
  • Other¥-39 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Changes in the competitive environment for the live-streaming services market, diversification of creator activities, a lower proportion of in-app payments, the smoothing of data traffic, regular salary increases and new hiring, and marketing investment. Numerical assumptions: not disclosed.
New initiatives
  • Capital and Business Alliance With SBI Holdings
  • Collaboration campaign with a popular character
  • Limited-edition items tied to seasonal events and other occasions
  • Co-viewing event for a film
  • Community feature updates
  • Sponsorship of voice acting awards and exclusive post-event talk streaming
  • Expansion of AI agent features
  • Development of a financial and payments API platform
Key KPIsA metric the company considers important as a management benchmark.
  • Points PU58 thousand
    Year on year against the same period last year-14.0%
  • Points ARPPU¥8,005
    Year on year against the same period last year+15.3%
  • Membership revenue¥152 million
    Year on year against the same period last year+14.5%
  • Membership GMV¥609 million
    Year on year against the same period last year+14.5%
  • Membership PU120 thousand
    Year on year against the same period last year+3.8%
  • Membership ARPPU¥1,683
    Year on year against the same period last year+10.4%
  • Premium streaming revenue¥51 million
    Year on year against the same period last year-5.2%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • 58 thousand
    Volume indicatorPoints PU
  • ¥8,005
    Price indicatorPoints ARPPU
  • 120 thousand
    Volume indicatorMembership PU
  • ¥1,683
    Price indicatorMembership ARPPU
Financial targets
Actual shareholders' equity ratio of 49.4%. Financial targets: not disclosed.
Market Size / Share
  • Domestic live-streaming app market size¥1,399 100 million
  • Domestic live-streaming app MAU share21 %
  • Video content business market¥6,300 100 million
  • Domestic creator economy market¥2.08 trillion
  • Oshi-katsu market¥4.1 trillion
Number of employees
43 people
As ofEnd-April 2026
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending January 2027
Net Sales¥1,607.74 million (YoY 0.0%)
Operating profit¥61.75 million (YoY +19.1%)
Ordinary income¥99.09 million (YoY +47.8%)
Net income¥62.35 million (YoY +13.6%)
Gross Profit Margin30 Underlying gross margin (%)
Operating profit margin3.8 %
Selling, general and administrative expenses¥740.76 million (selling, general and administrative expenses)
Results for the three months of the current quarterRevenue of ¥1,607 million, operating income of ¥61 million, ordinary income of ¥99 million and net income of ¥62 million. Figures for the first quarter.
Full-year earnings forecastNet Sales ¥6,829 million / Operating profit ¥409 million / Ordinary income ¥461 million / Net income for the current fiscal year To be determined
Progress against full-year forecastNet Sales 23.5 / Operating profit 15.1 / Ordinary income 21.5 / Net income for the current fiscal year Not disclosed
Self-assessment against the planRevenue, ordinary income and net income are within the expected range. Operating income is progressing slowly in Q1 because the plan is weighted toward the second half, but initiatives are being advanced toward achieving the full-year targets.
Breakdown of Factors Affecting the ChangeFactors Gross profit / Amount ¥-30 million, Factors Fees / Amount ¥71 million contribution to the decrease, Factors Infrastructure / Amount ¥24 million contribution to the decrease, Factors Organizational Strengthening / Amount ¥-10 million, Factors Marketing / Amount ¥-5 million, Factors Other / Amount ¥-39 million
Key KPIsIndicator Points PU / Value 58 thousand / Year on year against the same period last year -14 thousand, Indicator Points ARPPU / Value ¥8,005 / Year on year against the same period last year ¥15.3, Indicator Membership revenue / Value ¥152 million / Year on year against the same period last year ¥14.5 million, Indicator Membership GMV / Value ¥609 million / Year on year against the same period last year ¥14.5 million, Indicator Membership PU / Value 120 thousand / Year on year against the same period last year 3.8 thousand, Indicator Membership ARPPU / Value ¥1,683 / Year on year against the same period last year ¥10.4, Indicator Premium streaming revenue / Value ¥51 million / Year on year against the same period last year ¥-5.2 million
Unit price and quantity metricsVolume indicator Points PU / Value 58 thousand, Price indicator Points ARPPU / Value ¥8,005, Volume indicator Membership PU / Value 120 thousand, Price indicator Membership ARPPU / Value ¥1,683
Number of employees43 people
Assumptions Underlying the Business OutlookChanges in the competitive environment for the live-streaming services market, diversification of creator activities, a lower proportion of in-app payments, the smoothing of data traffic, regular salary increases and new hiring, and marketing investment. Numerical assumptions: not disclosed.
Financial targetsActual shareholders' equity ratio of 49.4%. Financial targets: not disclosed.
Market Size / ShareIndicator Domestic live-streaming app market size / Value ¥1,399 100 million, Indicator Domestic live-streaming app MAU share / Value 21 %, Indicator Video content business market / Value ¥6,300 100 million, Indicator Domestic creator economy market / Value ¥2.08 trillion, Indicator Oshi-katsu market / Value ¥4.1 trillion
New initiativesCapital and Business Alliance With SBI Holdings, Collaboration campaign with a popular character, Limited-edition items tied to seasonal events and other occasions, Co-viewing event for a film, Community feature updates, Sponsorship of voice acting awards and exclusive post-event talk streaming, Expansion of AI agent features, Development of a financial and payments API platform
Items this document does not state (10)
Segment resultsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan 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.

Points PU and points sales revenue declined due to changes in the competitive environment, but usage by loyal users remained solid and points ARPPU increased. Growth in membership revenue, lower payment processing fees and lower infrastructure costs resulting from the smoothing of peak traffic supported profit. Conversely, a higher streamer revenue share rate and increases in organizational strengthening, marketing and other expenses weighed on profit.

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.
Financial Results Presentation for the First Quarter of the Fiscal Year Ending January 2027 | Moi Corporation (5031) timely disclosure | Komori