Worth reading
52Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
848.3
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 October 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales29,368¥ millionYear on year +15.8%Progress 52.8%
Operating profit1,143¥ millionYear on year +848.3%Progress 87.9%
Ordinary income1,858¥ millionYear on year +438.7%Progress 116.1%
Net income attributable to owners of the parent1,398¥ millionYear on year +575.9%Progress 177.0%
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¥80.48
Financial position at period-end
Total assets40,789¥ million
of which net assets 13,690 ¥ millionEquity ratio 29.4%vs. prior year-end +3.3pt
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+506,933
Investment-545,673
Financials-1,495,016
Net change-1,533,756
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥15,001,275 thousand
Segment revenueProduct Business ¥16,878,197 thousand (YoY +13.6%), Investment Business ¥641,967 thousand, Creator Business ¥11,839,561 thousand (YoY +13.4%), Other Businesses ¥9,180 thousand (YoY -42.1%)
Segment profitProduct Business ¥471,075 thousand (YoY +35.1%), Investment Business ¥591,724 thousand, Creator Business ¥1,098,543 thousand, Other Businesses ¥-760,814 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥55,600 million (YoY +10.5%)
Operating profit¥1,300 million
Ordinary income¥1,600 million (YoY +183.4%)
Net income¥790 million (YoY +186.8%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥0 → ¥0
Factors Behind Changes in Business Performance
The steady performance of the Product Business's advertising platform, video targeting and BPaaS businesses, the recovery of Playwire's Direct Sales, the partial sale of held shares, structural reforms and event initiatives in the Creator Business, and record-high equity-method investment income at IRIS contributed to the results.
Disclosure regarding the going concern assumption
Not applicable.
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 Yes修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsIn April 2026, the consolidated subsidiary フリークアウト・インベストメント acquired some of the shares of UDN SPORTS Co., Ltd. and decided to make it a consolidated subsidiary effective 29 May 2026. The percentage of voting rights acquired, acquisition price, acquisition-related costs and goodwill remain undetermined as of the date of this report.
Impairment lossNone applicable (material impairment loss related to non-current assets)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥99,934 thousand, Gain on reversal of subscription rights to shares ¥1,879 thousand / Extraordinary loss Impairment loss on investment securities ¥237,550 thousand, Other ¥19,633 thousand
Depreciation and amortization¥537,404 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Securities analysts and institutional investors
Issued Shares at Period-End18,022,924
Treasury Shares at Period-End646,412
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025–31 March 2026 |
| Net Sales | ¥29,368 million (YoY +15.8%) |
| Operating profit | ¥1,143 million (YoY +848.3%) |
| Ordinary income | ¥1,858 million (YoY +438.7%) |
| Profit attributable to owners of the parent | ¥1,398 million (YoY +575.9%) |
| Net income per share | ¥80.48 |
| Equity ratio | End of the current fiscal period 29.4 / End of previous period 26.1 |
| Total assets | ¥40,789 million |
| Net assets | ¥13,690 million |
| Cash flows from operating activities | ¥506,933 thousand |
| Cash flows from investing activities | ¥-545,673 thousand |
| Cash flows from financing activities | ¥-1,495,016 thousand |
| Cash and cash equivalents at end of period | ¥15,001,275 thousand |
| Full-year earnings forecast | Net Sales ¥55,600 million (YoY +10.5%) / Operating profit ¥1,300 million / Ordinary income ¥1,600 million (YoY +183.4%) / Net income ¥790 million (YoY +186.8%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥0 → ¥0 |
| Segment revenue | Product Business ¥16,878,197 thousand (YoY +13.6%), Investment Business ¥641,967 thousand, Creator Business ¥11,839,561 thousand (YoY +13.4%), Other Businesses ¥9,180 thousand (YoY -42.1%) |
| Segment profit | Product Business ¥471,075 thousand (YoY +35.1%), Investment Business ¥591,724 thousand, Creator Business ¥1,098,543 thousand, Other Businesses ¥-760,814 thousand |
| Depreciation and amortization | ¥537,404 thousand |
| Impairment loss | None applicable (material impairment loss related to non-current assets) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥99,934 thousand, Gain on reversal of subscription rights to shares ¥1,879 thousand / Extraordinary loss Impairment loss on investment securities ¥237,550 thousand, Other ¥19,633 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | In April 2026, the consolidated subsidiary フリークアウト・インベストメント acquired some of the shares of UDN SPORTS Co., Ltd. and decided to make it a consolidated subsidiary effective 29 May 2026. The percentage of voting rights acquired, acquisition price, acquisition-related costs and goodwill remain undetermined as of the date of this report. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Securities analysts and institutional investors |
| Issued Shares at Period-End | 18,022,924 |
| Treasury Shares at Period-End | 646,412 |
| Factors Behind Changes in Business Performance | The steady performance of the Product Business's advertising platform, video targeting and BPaaS businesses, the recovery of Playwire's Direct Sales, the partial sale of held shares, structural reforms and event initiatives in the Creator Business, and record-high equity-method investment income at IRIS contributed to the results. |
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.The Product Business performed steadily in its advertising platform, video targeting and BPaaS businesses in the real estate sector. Overseas, Playwire's Direct Sales recovered. In the Investment Business, the partial sale of held shares contributed to net sales and profit, while structural reforms, including the incorporation of the marketing division as a separate company, and event initiatives contributed to the Creator Business. Investment income accounted for under the equity method at IRIS reached a record high.
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