Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
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.Items stated in the management plan
Annual updateNet Sales-8.7%
基準 3,187Target2,910Millions of yen
Operating profit+0.0%
基準 2,026Target2,027Millions of yen
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous plan¥3,750 million (FY2026 budgeted net sales) → ¥3,187 million (FY2026 actual net sales)（△15.0％）-15.0%Calculated from the two disclosed figures
Key initiatives
01Steady growth of the events business
02Accelerating overseas events in the events business
03Outlook for the crypto asset business
04Completion of structural reforms and transition to the earnings phase
Plan assumptionsThe plan incorporates only the earnings contribution from the crypto asset business's current holdings of ¥820 million in assets. Additional disclosure will be provided if additional acquisitions, operating results or other factors have a material impact. Because the impact of fair value measurement of crypto assets at the end of the fiscal year is substantial, the company considers it difficult to calculate reasonable figures from ordinary income onward.
Segment targetSegment Cryptocurrency Business / Indicator ETH holdings / Target value 6,000ETH～ / Timing FY2027～, Segment Cryptocurrency Business / Indicator Investment yield / Target value 5～10％ / Timing FY2027～
Non-financial targetsIndicator User Numbers / Target value 7.1 million / Timing Fiscal year ending March 2026
Size of the Target MarketMarket Domestic comics market / Scale ¥704.3 billion / Source Research by the Research Institute for Publications (2025), Market Domestic character merchandise market / Scale ¥2.7464 trillion / Source Yano Research Institute, Survey of the Character Business (2024), Market Global character merchandise market / Scale ¥24.5 trillion / Source Global Licensed Entertainment and Character Merchandise Market Research Report 2025
Risks identified by the company
Dependence on specific businesses
Laws concerning the protection of personal information
Laws and regulations concerning the protection of young people
System failures
Operation of the company's in-house logistics function
Overseas expansion
Crypto asset price volatility and market risks
Crypto asset security and operational risks
Risks associated with changes in laws and regulations, tax systems, accounting standards and other requirements
Reason for revision or withdrawal
The company made the establishment of a reliably profitable business its top priority by fundamentally reviewing its earnings structure and concentrating resources on the events business, which offers high growth and profitability. Because the impact of fair value measurement of crypto assets at the end of the fiscal year is substantial, making it difficult to calculate reasonable figures, forecasts from ordinary income onward will not be disclosed from the current fiscal year.
| Item | Details |
|---|---|
| Plan name | Business Plan and Matters Related to Growth Potential / Medium-Term Management Plan |
| Plan period | FY2027 (earnings forecast). The medium-term management plan is scheduled to be disclosed during the current fiscal year. |
| Progress against the plan | Annual update |
| Sales Target | ¥3,187 million (FY2026 actual) → ¥2,910 million (FY2027 forecast) |
| Operating profit target | -¥67 million (FY2026 actual) → ¥0 million (FY2027 forecast) |
| Segment target | Segment Cryptocurrency Business / Indicator ETH holdings / Target value 6,000ETH～ / Timing FY2027～, Segment Cryptocurrency Business / Indicator Investment yield / Target value 5～10％ / Timing FY2027～ |
| Non-financial targets | Indicator User Numbers / Target value 7.1 million / Timing Fiscal year ending March 2026 |
| Plan assumptions | The plan incorporates only the earnings contribution from the crypto asset business's current holdings of ¥820 million in assets. Additional disclosure will be provided if additional acquisitions, operating results or other factors have a material impact. Because the impact of fair value measurement of crypto assets at the end of the fiscal year is substantial, the company considers it difficult to calculate reasonable figures from ordinary income onward. |
| Key initiatives | Steady growth of the events business, Accelerating overseas events in the events business, Outlook for the crypto asset business, Completion of structural reforms and transition to the earnings phase |
| Results under the previous plan | ¥3,750 million (FY2026 budgeted net sales) → ¥3,187 million (FY2026 actual net sales)（△15.0％） |
| Reason for revision or withdrawal | The company made the establishment of a reliably profitable business its top priority by fundamentally reviewing its earnings structure and concentrating resources on the events business, which offers high growth and profitability. Because the impact of fair value measurement of crypto assets at the end of the fiscal year is substantial, making it difficult to calculate reasonable figures, forecasts from ordinary income onward will not be disclosed from the current fiscal year. |
| Size of the Target Market | Market Domestic comics market / Scale ¥704.3 billion / Source Research by the Research Institute for Publications (2025), Market Domestic character merchandise market / Scale ¥2.7464 trillion / Source Yano Research Institute, Survey of the Character Business (2024), Market Global character merchandise market / Scale ¥24.5 trillion / Source Global Licensed Entertainment and Character Merchandise Market Research Report 2025 |
| Risks identified | Dependence on specific businesses, Laws concerning the protection of personal information, Laws and regulations concerning the protection of young people, System failures, Operation of the company's in-house logistics function, Overseas expansion, Crypto asset price volatility and market risks, Crypto asset security and operational risks, Risks associated with changes in laws and regulations, tax systems, accounting standards and other requirements |
| Publication date | 14 May 2026 |
Items this document does not state (11)
Operating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorDate of board resolution
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 made the establishment of a reliably profitable business its top priority by fundamentally reviewing its earnings structure and concentrating management resources on the events business, which offers high growth and profitability. For the crypto asset business, the impact of fair value measurement at the end of the fiscal year is substantial, making it difficult to calculate reasonable figures. Accordingly, forecasts from ordinary income onward have not been disclosed.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.