Multi-year Revenue GrowthThe company’s revenue nearly doubled from ¥11.8B in 2021 to ¥20.6B in 2025, reflecting sustained top-line expansion across music media, events and digital services. Persistent revenue growth supports scale advantages, more predictable cash inflows and reinvestment in content and platforms over the medium term.
Improving Operating ProfitabilityOperating profitability has improved with EBIT turning positive and EBITDA margin reaching 5.2% in 2025. Structural margin expansion indicates better cost control and operational leverage, enhancing sustainable cash generation and the ability to finance content, live events and platform development without relying on external financing.
Low Leverage & Strong Equity/CashA very low debt-to-equity position, rising equity to ¥8.0B and a 50.2% equity ratio, plus solid cash reserves, provide strong financial flexibility. This durable balance sheet reduces solvency risk, supports investment or M&A, and cushions the business against cyclical swings in events and content monetization.