A sharp acceleration in fourth-quarter revenue is needed to meet the full-year forecast.

Revenue for the nine months ended May 2026 was ¥8,851 million, while operating profit was ¥1,326 million. The company’s full-year forecast is revenue of ¥12,576 million and operating profit of ¥1,804 million, representing nine-month progress of 70.4% for revenue and 73.5% for operating profit. To achieve the unchanged full-year forecast, the company needs revenue of ¥3,725 million and operating profit of ¥478 million in the remaining fourth quarter.

Calculating standalone quarterly results from the cumulative figures gives revenue of ¥2,879 million in the first quarter, ¥2,955 million in the second quarter and ¥3,017 million in the third quarter. The ¥3,725 million needed in the fourth quarter is ¥708 million, or 23.5%, above the standalone third-quarter result. Operating profit was ¥388 million in the first quarter, ¥461 million in the second quarter and ¥477 million in the third quarter, making the ¥478 million needed in the fourth quarter almost identical to the third-quarter result. Accordingly, the main issue is the need to significantly increase revenue rather than the hurdle for achieving the operating profit target.

However, the company has not disclosed quarterly forecasts or a breakdown of seasonality, so it is not possible to confirm how much of the planned ¥3,725 million in fourth-quarter revenue is already factored into its projections. In the next results announcement, it will be necessary to confirm not only whether revenue reached the full-year forecast of ¥12,576 million, but also whether broadcasting or other business revenue drove the fourth-quarter increase and whether the required ¥478 million in operating profit was achieved while controlling additional costs.