Only the full-year revenue forecast was revised downward, making second-half earnings power the focus.

Revenue for the nine months ended June 2026 was ¥3,701 million and operating profit was ¥844 million. The full-year forecasts revised on 19 October were ¥5,380 million for revenue and ¥1,450 million for operating profit, implying simple progress rates of 68.8% and 58.2%, respectively. Compared with the 75% benchmark at the nine-month point, revenue was 6.2 percentage points behind and operating profit was 16.8 percentage points behind.

The previous full-year revenue forecast was ¥5,600 million, so the revision reduced it by ¥220 million, or approximately 3.9%. The operating profit forecast, by contrast, was unchanged at ¥1,450 million. The company plan therefore places greater emphasis on absorbing the lower revenue scale through higher-margin areas such as renewal revenue and more efficient advertising operations. Achieving the revised plan will require Q4 revenue of ¥1,679 million and operating profit of ¥606 million.

Previous-year revenue was ¥5,196 million and operating profit was ¥1,151 million. The revised plan therefore represents approximately 3.5% year-on-year revenue growth and approximately 26.0% growth in operating profit. Since the plan calls for operating profit to grow substantially faster than revenue, the full-year results should be assessed for how much of the decline in spot projects in the Solutions Business was offset, whether renewal revenue in the Promotion Support Business continued in Q4, and whether the Media Business's margin improvement was non-recurring.