Worth reading
66In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
9.4
%Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales3,112,061¥ thousandYear on year +9.4%
Operating profit-173,758¥ thousand
Ordinary income-91,002¥ thousand
Net income attributable to owners of the parent-148,496¥ thousand
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
Financial position at period-end
Total assets18,912,687¥ thousand
of which net assets 14,268,958 ¥ thousandEquity ratio 75.1%
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。
Segment revenueMedia Business ¥2,062,364 thousand, Solutions business ¥932,404 thousand, Sales Agency Business ¥46,638 thousand, Real estate business ¥70,654 thousand
Segment profitMedia Business ¥-78,599 thousand, Solutions business ¥-129,081 thousand, Sales Agency Business ¥27,578 thousand, Real estate business ¥30,120 thousand
Outlook and shareholder returns
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance
Revenue increased due to the expansion of the practical-book catalogue, increased sales of revised editions, and the consolidation of BEASTAR株式会社. In terms of earnings, the operating loss worsened due to higher personnel costs, broad-based price increases, and higher selling, general and administrative expenses resulting from the consolidation of BEASTAR株式会社.
Disclosure regarding the going concern assumption
No applicable items
Material subsequent eventsAt a meeting of the Board of Directors held on 6 November 2026, the Company resolved to express its support for the tender offer by MSE Co., Ltd., to be conducted as part of an MBO, and to recommend that shareholders tender their shares. The Company is expected to be delisted through a series of procedures following the tender offer.
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment ¥3,287 thousand / Extraordinary loss Not disclosed
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥3,112,061 thousand (YoY +9.4%) |
| Operating profit | ¥-173,758 thousand |
| Ordinary income | ¥-91,002 thousand |
| Profit attributable to owners of the parent | ¥-148,496 thousand |
| Equity ratio | End of the current fiscal period 75.1% / End of previous period Not disclosed |
| Total assets | ¥18,912,687 thousand |
| Net assets | ¥14,268,958 thousand |
| Revision to Earnings Forecast | No change |
| Segment revenue | Media Business ¥2,062,364 thousand, Solutions business ¥932,404 thousand, Sales Agency Business ¥46,638 thousand, Real estate business ¥70,654 thousand |
| Segment profit | Media Business ¥-78,599 thousand, Solutions business ¥-129,081 thousand, Sales Agency Business ¥27,578 thousand, Real estate business ¥30,120 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment ¥3,287 thousand / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | No applicable items |
| Material subsequent events | At a meeting of the Board of Directors held on 6 November 2026, the Company resolved to express its support for the tender offer by MSE Co., Ltd., to be conducted as part of an MBO, and to recommend that shareholders tender their shares. The Company is expected to be delisted through a series of procedures following the tender offer. |
| Factors Behind Changes in Business Performance | Revenue increased due to the expansion of the practical-book catalogue, increased sales of revised editions, and the consolidation of BEASTAR株式会社. In terms of earnings, the operating loss worsened due to higher personnel costs, broad-based price increases, and higher selling, general and administrative expenses resulting from the consolidation of BEASTAR株式会社. |
Items this document does not state (19)
Net income per shareOperating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationChange in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
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 increased as a result of expanding the practical-book catalogue, increasing sales of revised editions, and the addition of revenue from BEASTAR株式会社, which joined the group through an M&A transaction. Meanwhile, the operating loss worsened due to higher personnel costs, broad-based price increases, and higher selling, general and administrative expenses resulting from the consolidation of BEASTAR株式会社.
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.