Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
27.3
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 December 2025 to 28 February 2026ConsolidatedJapanese GAAPNet Sales1,218¥ millionProgress 21.8%
Operating profit235¥ millionProgress 33.6%
Ordinary income231¥ millionProgress 33.0%
Net income attributable to owners of the parent291¥ millionProgress 34.2%
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¥15.98
Financial position at period-end
Total assets8,492¥ million
of which net assets 5,192 ¥ millionEquity ratio 60.5%vs. prior year-end +14.6pt
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.
Segment revenueMedia Platform Business ¥1,192,470 thousand, IP and content creation business ¥13,580 thousand, AI-Related Business ¥14,706 thousand
Segment profitMedia Platform Business ¥255,935 thousand, IP and content creation business ¥-4,719 thousand, AI-Related Business ¥620 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥5,600 million
Operating profit¥700 million
Ordinary income¥700 million
Net income¥850 million
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
Growth in the number of users and amount of content resulting from continued product improvements, growth in note's gross transaction value, an increase in the number of note pro customer companies and ARR, and solid performance by services for corporate customers.
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 (0 additions, 0 exclusions)
Material subsequent eventsThe Company resolved to enter into a capital and business alliance agreement with KADOKAWA and issue 1,000,000 common shares through a third-party allotment. The estimated net proceeds are ¥2,196 million. In addition, effective 10 April 2026, the Company reduced its stated capital by ¥2,237,335,050 and transferred the amount to other capital surplus.
Depreciation and amortization¥447 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors, analysts and individual investors)
Issued Shares at Period-End18,317,800 shares
Treasury Shares at Period-End123 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 December 2025 to 28 February 2026 |
| Net Sales | ¥1,218 million |
| Operating profit | ¥235 million |
| Ordinary income | ¥231 million |
| Profit attributable to owners of the parent | ¥291 million |
| Net income per share | ¥15.98 |
| Equity ratio | End of the current fiscal period 60.5% / End of previous period 45.9% |
| Total assets | ¥8,492 million |
| Net assets | ¥5,192 million |
| Full-year earnings forecast | Net Sales ¥5,600 million / Operating profit ¥700 million / Ordinary income ¥700 million / Net income ¥850 million |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Media Platform Business ¥1,192,470 thousand, IP and content creation business ¥13,580 thousand, AI-Related Business ¥14,706 thousand |
| Segment profit | Media Platform Business ¥255,935 thousand, IP and content creation business ¥-4,719 thousand, AI-Related Business ¥620 thousand |
| Depreciation and amortization | ¥447 thousand |
| 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 (0 additions, 0 exclusions) |
| Material subsequent events | The Company resolved to enter into a capital and business alliance agreement with KADOKAWA and issue 1,000,000 common shares through a third-party allotment. The estimated net proceeds are ¥2,196 million. In addition, effective 10 April 2026, the Company reduced its stated capital by ¥2,237,335,050 and transferred the amount to other capital surplus. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors, analysts and individual investors) |
| Issued Shares at Period-End | 18,317,800 shares |
| Treasury Shares at Period-End | 123 shares |
| Factors Behind Changes in Business Performance | Growth in the number of users and amount of content resulting from continued product improvements, growth in note's gross transaction value, an increase in the number of note pro customer companies and ARR, and solid performance by services for corporate customers. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
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.Continued product improvements increased the number of users and amount of content, driving growth in note's gross transaction value and in the number of note pro customer companies and ARR. Services for corporate customers also remained solid, supported in part by growth in the number of note users.
How to read this page
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