Worth reading
84Important
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
2.3
¥100 million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales58.4 Hundreds of millions of yen+9.0%
Operating profit5.5 Hundreds of millions of yen+72.0%
Ordinary income5.7 Hundreds of millions of yen+76.2%
Net income3.3 Hundreds of millions of yen+58.8%
Operating profit margin9.6 %
Selling, general and administrative expenses10.2 Hundreds of millions of yen
Results for the three months of the current quarterRevenue of ¥5.84 billion, SG&A expenses of ¥1.02 billion, operating profit of ¥550 million, ordinary profit of ¥570 million, profit attributable to owners of the parent of ¥330 million, and an operating margin of 9.6%. Standalone Q1 results by segment are also provided.
Full-year earnings forecast
Net Sales
220 Hundreds of millions of yen
Selling, general and administrative expenses
42 Hundreds of millions of yen
Operating profit
16 Hundreds of millions of yen
Ordinary income
16 Hundreds of millions of yen
Net income attributable to owners of the parent
10 Hundreds of millions of yen
Operating profit margin
7.3 %
Number of managed songs
97 10,000 songs
Number of master recordings handled
176 10,000 master recordings
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。
Net Sales26.5% (as stated on the quarterly performance trends page)
Operating profit34.4% (as stated on the quarterly performance trends page)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating profit both finished above plan, marking a solid start toward achieving the full-year targets.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Impact of higher revenue2.4 Hundreds of millions of yenDirectionIncreased
- Increase in personnel expenses0.1 Hundreds of millions of yenDirectionFactors reducing profit
- Increase in systems and other costs0.07 Hundreds of millions of yenDirectionFactors reducing profit
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Estimated share of copyright royalty collections from FY2026/3 onwardAssumptionsJASRAC copyright royalty collectionsFigures6% growth year on year
New initiatives
- Entered into a joint investment agreement to acquire a music catalog of approximately 1,500 works, including representative songs by Ryuichi Sakamoto.
- Launched #onpuk, a specialist e-commerce shop for album-cover photo merchandise, on 27 July 2026.
- Pursuing a growth strategy to enter the management of karaoke performances through the copyright management business.
- Approach to overseas markets, expansion of the YouTube-related business, enhancement of live viewing, and development of new services.
Key KPIsA metric the company considers important as a management benchmark.
- Transaction Value121.7 Hundreds of millions of yenYear-on-year (%)20.2
- Number of managed songs85.2 10,000 songsIncrease year on year12.4increased year on year2.9
- Number of master recordings handled170 10,000 master recordingsIncrease year on year17.9increased year on year4.3
- Copyright management services transaction volume42.9 Hundreds of millions of yenYear-on-year (%)13.2
- Interactive distribution transaction volume23.6 Hundreds of millions of yenYear-on-year (%)7.6
Segment results
Copyright Management
Net Sales
4.3 Hundreds of millions of yen+10.2%
Operating profit
1.7 Hundreds of millions of yen+9.0%
DD business
Net Sales
28.2 Hundreds of millions of yen+9.8%
Operating profit
2.5 Hundreds of millions of yen+4.4%
Music Distribution
Net Sales
19.4 Hundreds of millions of yen+0.8%
Operating profit
3.8 Hundreds of millions of yen-2.5%
Business Support Business
Net Sales
8.4 Hundreds of millions of yen+19.4%
Operating profit
1.4 Hundreds of millions of yen
Medium-term management plan targets
Fiscal year ending March 2027
Net Sales220 Hundreds of millions of yen
Operating profit16 Hundreds of millions of yen
Fiscal year ending March 2028
Net Sales240 Hundreds of millions of yen
Operating profit19 Hundreds of millions of yen
TargetAiming for a Prime Market Listing
Fiscal year ending March 2029
Net Sales¥260 100 million operating profit margin: %
Operating profit¥23 100 million operating profit margin: %
Operating profit margin¥8.8 100 million operating profit margin: %
Financial targets
Net Sales
Target fiscal yearFiscal year ending March 2029
Target value¥26 billion or more
Operating profit margin
Target fiscal yearFiscal year ending March 2029
Target value9% or more
Prime Market listing criteria
Target fiscal yearFiscal year ending March 2028
DetailsAiming for a Prime Market Listing
Market Size / Share
Share of copyright royalties collectedCompany share: 9.3% (as stated on the trends page)
Global music market
$317 100 million
Year-on-year change (%)6.4
Record period2,025
Number of employees
Standalone136 people
Consolidated316 people
Reference dateFirst quarter of the fiscal year ending March 2027
Annual Dividend
Annual dividend per share¥22
Interim¥11
End of period¥11
Acquisition of treasury shares
The materials state that share repurchases will be considered flexibly. The amount, number of shares and period of the repurchase authorization are Not disclosed.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 58.4 Hundreds of millions of yen (YoY +9.0%) |
| Operating profit | 5.5 Hundreds of millions of yen (YoY +72.0%) |
| Ordinary income | 5.7 Hundreds of millions of yen (YoY +76.2%) |
| Net income | 3.3 Hundreds of millions of yen (YoY +58.8%) |
| Operating profit margin | 9.6 % |
| Selling, general and administrative expenses | 10.2 Hundreds of millions of yen |
| Results for the three months of the current quarter | Revenue of ¥5.84 billion, SG&A expenses of ¥1.02 billion, operating profit of ¥550 million, ordinary profit of ¥570 million, profit attributable to owners of the parent of ¥330 million, and an operating margin of 9.6%. Standalone Q1 results by segment are also provided. |
| Full-year earnings forecast | Net Sales 220 Hundreds of millions of yen / Selling, general and administrative expenses 42 Hundreds of millions of yen / Operating profit 16 Hundreds of millions of yen / Ordinary income 16 Hundreds of millions of yen / Net income attributable to owners of the parent 10 Hundreds of millions of yen / Operating profit margin 7.3 % / Number of managed songs 97 10,000 songs / Number of master recordings handled 176 10,000 master recordings |
| Progress against full-year forecast | Net Sales 26.5% (as stated on the quarterly performance trends page) / Operating profit 34.4% (as stated on the quarterly performance trends page) |
| Self-assessment against the plan | Revenue and operating profit both finished above plan, marking a solid start toward achieving the full-year targets. |
| Segment results | Copyright Management Net Sales 4.3 Hundreds of millions of yen (YoY +10.2%) / Operating profit 1.7 Hundreds of millions of yen (YoY +9.0%) / DD business Net Sales 28.2 Hundreds of millions of yen (YoY +9.8%) / Operating profit 2.5 Hundreds of millions of yen (YoY +4.4%) / Music Distribution Net Sales 19.4 Hundreds of millions of yen (YoY +0.8%) / Operating profit 3.8 Hundreds of millions of yen (YoY -2.5%) / Business Support Business Net Sales 8.4 Hundreds of millions of yen (YoY +19.4%) / Operating profit 1.4 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Factors Impact of higher revenue / Amount 2.4 Hundreds of millions of yen / Direction Increased, Factors Increase in personnel expenses / Amount 0.1 Hundreds of millions of yen / Direction Factors reducing profit, Factors Increase in systems and other costs / Amount 0.07 Hundreds of millions of yen / Direction Factors reducing profit |
| Key KPIs | Indicator name Transaction Value / Value 121.7 Hundreds of millions of yen / Year-on-year (%) 20.2 Hundreds of millions of yen, Indicator name Number of managed songs / Value 85.2 10,000 songs / Increase year on year 12.4 10,000 songs / increased year on year 2.9 10,000 songs, Indicator name Number of master recordings handled / Value 170 10,000 master recordings / Increase year on year 17.9 10,000 master recordings / increased year on year 4.3 10,000 master recordings, Indicator name Copyright management services transaction volume / Value 42.9 Hundreds of millions of yen / Year-on-year (%) 13.2 Hundreds of millions of yen, Indicator name Interactive distribution transaction volume / Value 23.6 Hundreds of millions of yen / Year-on-year (%) 7.6 Hundreds of millions of yen |
| Number of employees | Standalone 136 people / Consolidated 316 people / Reference date First quarter of the fiscal year ending March 2027 |
| Assumptions Underlying the Business Outlook | Assumptions JASRAC copyright royalty collections / Figures 6% growth year on year / Subject Estimated share of copyright royalty collections from FY2026/3 onward |
| Medium-term management plan targets | Fiscal year ending March 2027 Net Sales 220 Hundreds of millions of yen / Operating profit 16 Hundreds of millions of yen / Fiscal year ending March 2028 Net Sales 240 Hundreds of millions of yen / Operating profit 19 Hundreds of millions of yen / Target Aiming for a Prime Market Listing / Fiscal year ending March 2029 Net Sales ¥260 100 million (operating profit margin: %) / Operating profit ¥23 100 million (operating profit margin: %) / Operating profit margin ¥8.8 100 million (operating profit margin: %) |
| Financial targets | Net Sales Target fiscal year Fiscal year ending March 2029 / Target value ¥26 billion or more / Operating profit margin Target fiscal year Fiscal year ending March 2029 / Target value 9% or more / Prime Market listing criteria Target fiscal year Fiscal year ending March 2028 / Details Aiming for a Prime Market Listing |
| Annual Dividend | Annual dividend per share ¥22 / Interim ¥11 / End of period ¥11 |
| Acquisition of treasury shares | The materials state that share repurchases will be considered flexibly. The amount, number of shares and period of the repurchase authorization are Not disclosed. |
| Market Size / Share | Share of copyright royalties collected Company share: 9.3% (as stated on the trends page) / Global music market $317 100 million |
| New initiatives | Entered into a joint investment agreement to acquire a music catalog of approximately 1,500 works, including representative songs by Ryuichi Sakamoto., Launched #onpuk, a specialist e-commerce shop for album-cover photo merchandise, on 27 July 2026., Pursuing a growth strategy to enter the management of karaoke performances through the copyright management business., Approach to overseas markets, expansion of the YouTube-related business, enhancement of live viewing, and development of new services. |
Items this document does not state (8)
Gross Profit MarginUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioCapital 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.The business segments grew as a result of the expansion of the music-related market, increases in the number of managed songs and master recordings handled, and global DSP service price revisions. In addition, the increase in revenue absorbed higher personnel, system and other costs, while cost controls also contributed. In the Business Support segment, profitability improved following the transfer of part of Eggs' business, and strong performance by RecoChoku's direct-to-consumer e-commerce platform, murket, also contributed.
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.
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