First-half revenue was ¥1,909 million, only 45.1% of the ¥4,231 million full-year forecast, while the operating loss of ¥185 million had already consumed most of the ¥200 million full-year loss forecast. Maintaining the plan will require second-half revenue of ¥2,322 million and keeping the second-half operating loss within ¥15 million.
All recorded disclosures and news since the latest annual or semiannual filing. Switching watchpoints keeps the full history. Select an item to inspect its source.2026-07-14 〜 2026-10-24 · 21 of 21 items
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Check how far the first-half revenue progress rate of 45.1% rises by the cumulative third quarter.
Check project progress and recognized revenue supporting the ¥2,322 million of second-half revenue required to meet the full-year forecast.
Check whether the full-year operating loss can be kept within ¥200 million and the second-half loss within ¥15 million, against the first-half operating loss of ¥185 million.
Check whether the full-year revenue forecast of ¥4,231 million and operating loss forecast of ¥200 million are maintained or revised again as of the third quarter.
Revenue for the first half of the fiscal year ending November 2026 was ¥1,909 million, representing 45.1% of the revised full-year forecast of ¥4,231 million. Assuming the first and second halves are evenly weighted, this is below 50%, and achieving the full-year forecast will require revenue of ¥2,322 million over the remaining 2 quarters. This amount is equivalent to 54.9% of the full-year forecast and approximately 1.22 times first-half revenue.
On the earnings side, the first-half operating loss reached ¥185 million, compared with a full-year operating loss forecast of ¥200 million. Therefore, maintaining the current forecast requires the second-half operating loss to be kept within ¥15 million in total, an improvement of ¥170 million from the first-half loss level. Whether the company turns profitable in the third quarter or at least significantly narrows its loss will be important in assessing the achievability of the full-year forecast.
As of the first quarter, the company expected revenue of ¥4,571 million and operating profit of ¥122 million, but by the second quarter the assumptions had changed substantially to revenue of ¥4,231 million and an operating loss of ¥200 million. The company cited the completion of major projects, the end of online services for existing customers and delays in recognizing revenue from 3DCG video production projects, but the extent to which each factor will contribute to second-half revenue of ¥2,322 million has not been quantified.
The second-quarter earnings presentation includes the full-year forecast figures, but does not provide the progress rate against the forecast, the revenue and profit required for the remaining period, or numerical assumptions for factors such as foreign exchange rates and volumes. In the third quarter, cumulative revenue, cumulative operating profit or loss, the timing of project revenue recognition, and whether the full-year forecast is maintained or revised again need to be assessed together.
Partially addressed
Cumulative sales for the first 3 quarters were ¥3,082 million, representing 75.7% of the revised full-year forecast of ¥4,073 million, and sales had returned to the planned level. Operating loss, however, was ¥206 million, reaching 77.4% of the full-year operating loss forecast of ¥266 million, indicating that earnings had not recovered. Moreover, the full-year forecast itself had been revised downward from the forecast as of the interim period, so concerns over a sharp recovery have only been partially dispelled.
Revenue (¥ million)
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2026-10-08
2026-10-08
The prior-year comparison for this event
2025-10-09 disclosed · In ¥ millions; each quarter is cumulative from the start of the fiscal year. EPS is in yen.
Latest available: FY2026 Q3
Net salesBusiness scale
3,230JPY m
YoY unavailableOperating profitCore earnings
126JPY m
YoY unavailableNewest first. The highlighted column is this event’s comparison. YoY uses the same period and accounting basis.
| Metric | FY2026 Q3 | FY2026 Q2 | FY2026 Q1 | FY2025 full year | FY2025 Q3Comparison | FY2025 Q2 | FY2025 Q1 | FY2024 full year |
|---|---|---|---|---|---|---|---|---|
| Net sales | 3,082↘ -4.6% YoY | 1,909↘ -13.7% YoY | 904↘ -8.5% YoY | 4,303YoY unavailable | 3,230YoY unavailable | 2,213YoY unavailable | 988YoY unavailable | 4,414YoY unavailable |
| Operating profit | -206↘ -263.5% YoY | -185↘ -252.9% YoY | -164YoY unavailable | 147YoY unavailable | 126YoY unavailable | 121YoY unavailable | -21YoY unavailable | 143YoY unavailable |
| Ordinary profit | -203↘ -259.8% YoY | -185↘ -260.9% YoY | -164YoY unavailable | 148YoY unavailable | 127YoY unavailable | 115YoY unavailable | -23YoY unavailable | 123YoY unavailable |
| Net income | -300↘ -304.1% YoY | -220↘ -223.6% YoY | -134YoY unavailable | 206YoY unavailable | 147YoY unavailable | 178YoY unavailable | 0YoY unavailable | 87YoY unavailable |
| Earnings per share | -109.59↘ -304.0% YoY | -80.28↘ -223.5% YoY | -48.91YoY unavailable | 75.06YoY unavailable | 53.71YoY unavailable | 64.99YoY unavailable | -0.35YoY unavailable | 31.19YoY unavailable |