Low Leverage And Strong Equity PositionA very low leverage profile and ¥8.0bn of equity with a 50.2% equity ratio provide durable financial flexibility. This reduces solvency risk, supports investment in content and live events, and preserves optionality for M&A or share returns without stressing cashflows.
Sustained Revenue Growth Across BusinessesMulti-year revenue expansion reflects successful scaling of music media, events and digital/artist services. Diversified revenue streams reduce single-channel risk, support cross-selling, and provide a broader base for long-term margin improvements and recurring digital monetization.
Consistent Operating Cash Flow And Multi-year FCFSteady OCF and multi-year positive free cash flow indicate reliable cash generation to fund content, capex, dividends or strategic investments. Even with some FCF growth variability, sustained cash conversion underpins capital allocation and resilience to industry cycles.