Worth reading
46Recurring
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
492
¥ millionsWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending December 2026, third quarter7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥492 millions+230.0%
Operating profit¥-5 millions
Ordinary income¥-4 millions
Net income¥-4 millions
Selling, general and administrative expenses¥106 millions
Results for the three months of the current quarterRevenue: ¥492 million; gross profit: ¥101 million; EBITDA: ¥3 million; operating loss: ¥5 million; ordinary loss: ¥4 million; net loss: ¥4 million. All figures are for the standalone third quarter of the fiscal year ending December 2026.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
QoQ increase in revenue: ¥110 million; QoQ increase in selling, general and administrative expenses: ¥7 million; QoQ increase in personnel expenses: ¥9 million; QoQ decrease in other selling, general and administrative expenses: ¥5 million; quarterly reduction in goodwill amortization: ¥6 million.
New initiatives
Promote the expansion of AX Solutions, the IP BANK initiative, IP CROSS, AI marketing, AppBank.Pub, IP-related events, e-commerce and merchandise sales, and collaboration with strategic partners.Key KPIsA metric the company considers important as a management benchmark.
SCR implementation examples: 99.3% reading accuracy; 5 samples compatible with the new format; musica lab manufacturing subcontractor network: 280 factories; sales channels: 160+ companies; AppBank.net operated since 2008; contact with local broadcasters in all 47 prefectures; annual business travel distance: 10,000 km per person.Segment results
Quarterly revenue and operating profit for Media, IP & Commerce, Other and Adjustments are presented in graphs. Detailed numerical tables are Not disclosed.Medium-term management plan targets
Over the 5-year period through the fiscal year ending December 2030: revenue CAGR of +40%, an operating margin of at least 10%, and a sustained market capitalization above ¥10 billion.Market Size / Share
The domestic character business market is approximately ¥2.5 trillion. The merchandising rights market was ¥1.2736 trillion in fiscal 2022, the number of visitors to Japan was approximately 42.68 million in 2025, and the live entertainment market is forecast to reach ¥760 billion in 2030.Annual Dividend
No dividends have been paid since the company was founded. The policy is to resume shareholder returns after achieving profitability. The specific dividend amount is Not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending December 2026, third quarter |
| Net Sales | ¥492 millions (YoY +230.0%) |
| Operating profit | ¥-5 millions |
| Ordinary income | ¥-4 millions |
| Net income | ¥-4 millions |
| Selling, general and administrative expenses | ¥106 millions |
| Results for the three months of the current quarter | Revenue: ¥492 million; gross profit: ¥101 million; EBITDA: ¥3 million; operating loss: ¥5 million; ordinary loss: ¥4 million; net loss: ¥4 million. All figures are for the standalone third quarter of the fiscal year ending December 2026. |
| Segment results | Quarterly revenue and operating profit for Media, IP & Commerce, Other and Adjustments are presented in graphs. Detailed numerical tables are Not disclosed. |
| Breakdown of Factors Affecting the Change | QoQ increase in revenue: ¥110 million; QoQ increase in selling, general and administrative expenses: ¥7 million; QoQ increase in personnel expenses: ¥9 million; QoQ decrease in other selling, general and administrative expenses: ¥5 million; quarterly reduction in goodwill amortization: ¥6 million. |
| Key KPIs | SCR implementation examples: 99.3% reading accuracy; 5 samples compatible with the new format; musica lab manufacturing subcontractor network: 280 factories; sales channels: 160+ companies; AppBank.net operated since 2008; contact with local broadcasters in all 47 prefectures; annual business travel distance: 10,000 km per person. |
| Medium-term management plan targets | Over the 5-year period through the fiscal year ending December 2030: revenue CAGR of +40%, an operating margin of at least 10%, and a sustained market capitalization above ¥10 billion. |
| Annual Dividend | No dividends have been paid since the company was founded. The policy is to resume shareholder returns after achieving profitability. The specific dividend amount is Not disclosed. |
| Market Size / Share | The domestic character business market is approximately ¥2.5 trillion. The merchandising rights market was ¥1.2736 trillion in fiscal 2022, the number of visitors to Japan was approximately 42.68 million in 2025, and the live entertainment market is forecast to reach ¥760 billion in 2030. |
| New initiatives | Promote the expansion of AX Solutions, the IP BANK initiative, IP CROSS, AI marketing, AppBank.Pub, IP-related events, e-commerce and merchandise sales, and collaboration with strategic partners. |
Items this document does not state (16)
Gross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsPayout 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.Revenue and profit increased, driven by the effect of the J.League season opening, the accumulation of event planning, brokerage and merchandise sales, and the expansion of PR and advertising activities, including co-created media initiatives. Selling, general and administrative expenses were also controlled, while goodwill amortization decreased following the goodwill impairment recorded in Q2.
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.