Full-year revenue of ¥5,600 million, with ¥1,452 million remaining for Q4

Consolidated revenue for the nine months ended June 2026 was ¥4,148 million, representing approximately 74.1% progress against the full-year forecast of ¥5,600 million. This was approximately 0.9 percentage points below the 75% corresponding to the elapsed period as of Q3, but the company also views performance as broadly in line with plan. Full-year revenue is expected to increase 20.2% from the prior-year result, so progress does not assume a major upward revision in the final quarter.

On a standalone quarterly basis, revenue increased from ¥1,264 million in Q1 to ¥1,378 million in Q2 and ¥1,505 million in Q3. A simple calculation of the gap to the full-year plan indicates that Q4 will require revenue of ¥1,452 million, equivalent to approximately 96.5% of standalone Q3 revenue. Although this is below the most recent quarterly level, quarterly seasonality and the timing of live-commerce sales have not been disclosed, so achievement should not be assessed solely on the basis of a simple run rate.

By business, nine-month revenue was ¥2,199 million for the solutions business, representing 76% progress against its full-year plan, and ¥1,992 million for the platform business, representing 66%. The full-year plans presented in the Q2 materials were ¥2,900 million for the solutions business and ¥3,000 million for the platform business, leaving gaps of approximately ¥701 million and ¥1,008 million, respectively. Of the ¥1,452 million remaining for the consolidated group, the platform business accounts for the larger required contribution, making its Q4 sales scale a key determinant of progress against the overall plan.

Gross profit was at 81% progress against the full-year plan of ¥2,650 million, exceeding the 74% progress for revenue. The remaining amount is approximately ¥500 million, but the amounts attributable to individual drivers of changes in gross profit and the Q4 gross profit plans by business have not been disclosed. At the next results announcement, it will be necessary to assess not only whether revenue reaches ¥5,600 million, but also whether the platform business can add approximately ¥1,008 million in revenue, gross profit can reach ¥2,650 million, and the full-year forecast is revised.