Worth reading
79Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
29.4
Operating profit, year-on-year %Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥207.7 hundred million+7.0%
Operating profit¥13 hundred million+29.4%
Ordinary income¥13.3 hundred million+29.8%
Net income¥7.9 hundred million+14.3%
Operating profit margin6.3 %
Selling, general and administrative expenses¥40.1 hundred million
Results for the three months of the current quarter
Net Sales
¥54.7 hundred million
Operating profit
¥4.2 hundred million
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥220 hundred million
Operating profit
¥16 hundred million
Ordinary income
¥16 hundred million
Net income attributable to owners of the parent
¥10 hundred million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below the initial plan, with both revenue and profit falling short of the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Impact of higher revenue¥4.8 hundred million
- Increase in personnel expenses¥-0.4 hundred million
- Increase in systems and other costs¥-1.4 hundred million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsExpansion in JASRAC copyright royalties collectedFiguresAssumes a 6% increase year on year
New initiatives
- Plan to enter the management of karaoke performances in the copyright management business
- Launch of the NexTone Game Music Academy in the DD business
- Expansion of the corporate master-recording licensing scheme, RecoChoku play
- Expansion of BLONIA, a reuse-based celebratory flower service
- Expansion of Virco, a cloud-based copyright management service
Key KPIsA metric the company considers important as a management benchmark.
- Transaction Value¥403.2 hundred millionYear on year against the same period last year+10.5%
- Number of managed songs82.3 10,000 songsYear on year against the same period last year+132,000 songs
- Number of master recordings handled165.7 10,000 master recordingsYear on year against the same period last year+187,000 master recordings
- Share of copyright royalties collected8.9 %
- Free cash flow¥14.3 hundred million
Segment results
- Copyright ManagementNet Sales¥16 hundred million (YoY +5.3%)Operating profit¥7 hundred million (YoY +1.4%)
- DD businessNet Sales¥103.4 hundred million (YoY +6.8%)Operating profit¥10.4 hundred million (YoY +8.3%)
- Music DistributionNet Sales¥77.2 hundred million (YoY +1.8%)Operating profit¥15.6 hundred million (YoY +17.3%)
- Business Support BusinessNet Sales¥19.7 hundred million (YoY +32.2%)Operating profit¥-3.2 hundred million
Medium-term management plan targets
- Target fiscal yearFiscal year ending March 2029TargetRevenue of at least ¥26.0 billion, operating profit of ¥2.3 billion, and an operating margin of at least 9%
- Target fiscal yearFiscal year ending March 2028TargetListing on the Prime Market
Market Size / Share
- Share of copyright royalties collected8.9 %SubjectFiscal year ending March 2025
- NexTone copyright royalties collected¥141.5 hundred millionSubjectFiscal year ending March 2025
- JASRAC copyright royalties collected¥1,445.8 hundred millionSubjectFiscal year ending March 2025
Number of employees
Consolidated306 people
Change during the periodDown 2 people from 308 people in the fiscal year ended March 2025
Annual Dividend
Fiscal year ending March 2026
Interim¥0 per share
End of period¥20 per share
Total¥20 per share
Forecast for the fiscal year ending March 2027
Interim¥11 per share
End of period¥11 per share
Total¥22 per share
Payout ratio
not disclosed (a progressive dividend policy is stated)| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥207.7 hundred million (YoY +7.0%) |
| Operating profit | ¥13 hundred million (YoY +29.4%) |
| Ordinary income | ¥13.3 hundred million (YoY +29.8%) |
| Net income | ¥7.9 hundred million (YoY +14.3%) |
| Operating profit margin | 6.3 % |
| Selling, general and administrative expenses | ¥40.1 hundred million |
| Results for the three months of the current quarter | Net Sales ¥54.7 hundred million / Operating profit ¥4.2 hundred million |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥220 hundred million / Operating profit ¥16 hundred million / Ordinary income ¥16 hundred million / Net income attributable to owners of the parent ¥10 hundred million |
| Self-assessment against the plan | Below the initial plan, with both revenue and profit falling short of the initial plan |
| Segment results | Segment Copyright Management / Net Sales ¥16 hundred million (YoY +5.3%) / Operating profit ¥7 hundred million (YoY +1.4%), Segment DD business / Net Sales ¥103.4 hundred million (YoY +6.8%) / Operating profit ¥10.4 hundred million (YoY +8.3%), Segment Music Distribution / Net Sales ¥77.2 hundred million (YoY +1.8%) / Operating profit ¥15.6 hundred million (YoY +17.3%), Segment Business Support Business / Net Sales ¥19.7 hundred million (YoY +32.2%) / Operating profit ¥-3.2 hundred million |
| Breakdown of Factors Affecting the Change | Factors Impact of higher revenue / Amount ¥4.8 hundred million, Factors Increase in personnel expenses / Amount ¥-0.4 hundred million, Factors Increase in systems and other costs / Amount ¥-1.4 hundred million |
| Key KPIs | Indicator name Transaction Value / Value ¥403.2 hundred million / Year on year against the same period last year ¥10.5 hundred million, Indicator name Number of managed songs / Value 82.3 10,000 songs / Year on year against the same period last year +132,000 songs, Indicator name Number of master recordings handled / Value 165.7 10,000 master recordings / Year on year against the same period last year +187,000 master recordings, Indicator name Share of copyright royalties collected / Value 8.9 % / Year on year against the same period last year Not disclosed, Indicator name Free cash flow / Value ¥14.3 hundred million / Year on year against the same period last year Not disclosed |
| Number of employees | Consolidated 306 people / Change during the period Down 2 people from 308 people in the fiscal year ended March 2025 |
| Assumptions Underlying the Business Outlook | Assumptions Expansion in JASRAC copyright royalties collected / Figures Assumes a 6% increase year on year |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2029 / Target Revenue of at least ¥26.0 billion, operating profit of ¥2.3 billion, and an operating margin of at least 9%, Target fiscal year Fiscal year ending March 2028 / Target Listing on the Prime Market |
| Annual Dividend | Fiscal year ending March 2026 Interim ¥0 per share / End of period ¥20 per share / Total ¥20 per share / Forecast for the fiscal year ending March 2027 Interim ¥11 per share / End of period ¥11 per share / Total ¥22 per share |
| Payout ratio | not disclosed (a progressive dividend policy is stated) |
| Market Size / Share | Indicator Share of copyright royalties collected / Value 8.9 % / Subject Fiscal year ending March 2025, Indicator NexTone copyright royalties collected / Value ¥141.5 hundred million / Subject Fiscal year ending March 2025, Indicator JASRAC copyright royalties collected / Value ¥1,445.8 hundred million / Subject Fiscal year ending March 2025 |
| New initiatives | Plan to enter the management of karaoke performances in the copyright management business, Launch of the NexTone Game Music Academy in the DD business, Expansion of the corporate master-recording licensing scheme, RecoChoku play, Expansion of BLONIA, a reuse-based celebratory flower service, Expansion of Virco, a cloud-based copyright management service |
Items this document does not state (10)
Gross Profit MarginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAcquisition 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.In the copyright management business, increased use of music products and music on television and radio contributed to higher revenue and profit. In the DD business, increased streaming of master recordings related to anime, games and VTubers, as well as the release of previously unavailable catalog titles, contributed to the increase. In the music distribution business, revenue and profit benefited from the dヒッツ pricing revision and the expansion of RecoChoku play, a music-use licensing service. The company attributed the shortfall against the initial plan to lower-than-planned transaction volumes related to distribution in the copyright management and DD businesses, as well as delays in developing business partners and rolling out new services at a subsidiary.
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.