Worth reading
67In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&AQ3 FY20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income109.8 Progress against full-year forecast %
Net income170.4 Progress against full-year forecast %
Selling, general and administrative expensesIncrease of just under ¥300 million year on year
Results for the three months of the current quarter
Creator business underlying-basis EBITDA
3.1 Hundreds of millions of yen
Year-on-year change in creator business on an underlying basis
-0.8 Hundreds of millions of yen
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。
Ordinary income109.8%
Profit attributable to owners of the parent170.4%
EBITDAApproximately 80%
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Reasons for leaving the full-year forecast unchanged
- Lower North American business EBITDA outlook and SG&A expense policy
- Profitability and barriers to entry in the AI Agent business
- Shareholder returns from the gain on the sale of タレンティオ
- Factors behind the decline in creator business profit and its return to growth
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Recent instability in foreign exchange markets and the possibility of impairment losses on securitiesNew initiatives
- Begin incorporating UDN SPORTS results from the fourth quarter
- Promote the AI Agent business (スミカ and HAWK) as a growth driver under the next medium-term management plan
Key KPIsA metric the company considers important as a management benchmark.
EBITDA progress rate
Approximately 80%
Payout ratio
30% of profits realized from the investment business allocated to shareholder return measures| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Q3 FY2026 |
| Ordinary income | 109.8 Progress against full-year forecast (%) |
| Net income | 170.4 Progress against full-year forecast (%) |
| Selling, general and administrative expenses | Increase of just under ¥300 million year on year |
| Results for the three months of the current quarter | Creator business underlying-basis EBITDA 3.1 Hundreds of millions of yen / Year-on-year change in creator business on an underlying basis -0.8 Hundreds of millions of yen |
| Progress against full-year forecast | Ordinary income 109.8% / Profit attributable to owners of the parent 170.4% / EBITDA Approximately 80% |
| Key KPIs | EBITDA progress rate Approximately 80% |
| Assumptions Underlying the Business Outlook | Recent instability in foreign exchange markets and the possibility of impairment losses on securities |
| Payout ratio | 30% of profits realized from the investment business allocated to shareholder return measures |
| Key points of the Q&A | Reasons for leaving the full-year forecast unchanged, Lower North American business EBITDA outlook and SG&A expense policy, Profitability and barriers to entry in the AI Agent business, Shareholder returns from the gain on the sale of タレンティオ, Factors behind the decline in creator business profit and its return to growth |
| New initiatives | Begin incorporating UDN SPORTS results from the fourth quarter, Promote the AI Agent business (スミカ and HAWK) as a growth driver under the next medium-term management plan |
Items this document does not state (19)
Net SalesOperating profitGross Profit MarginOperating profit marginFull-year earnings forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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 company cited recent instability in foreign exchange markets and the possibility of impairment losses on securities as reasons for leaving the full-year forecast unchanged. The North American business outlook was lowered because the recovery in the high-gross-margin direct-sales business has been delayed slightly more than expected.
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.