SCINEX CORPORATION

Business Details

As a public-private collaboration business with local governments, the company publishes 'Wagamachi Jiten' and other Genre-Specific Municipal Information Magazines, as well as the 50-index phone directory 'Telepal 50,' while also deploying and operating the digital signage 'Wagamachi NAVI' and operating the quasi-official city promotion special site 'Wagamachi Portal.' This is an information-dissemination media business whose primary revenue source is advertising income from local businesses. Since the business began, the cumulative number of co-publishing municipalities has reached 1,155, the cumulative number of published editions has reached 3,007, and cumulative circulation has reached approximately 145 million copies.

Recent Overview

The combination of shrinking Telepal 50 districts and increased publication in small-scale districts led to a substantial decline in both revenue and profit

In the Information Media Business for FY2026 (ending March 2026), external customer revenue significantly declined to ¥6,694 million (down 6.8% year on year), and segment profit fell sharply to ¥1,032 million (down 24.8% year on year). This was affected by the shrinking publishing districts for the 50-index phone directory 'Telepal 50,' as well as the relatively higher proportion of publications in small-scale districts for 'Wagamachi Jiten.' Both publishing media, at ¥5,994 million (down 5.1% year on year), and digital media, at ¥700 million (down 20.5% year on year), saw revenue declines. On the other hand, the cumulative number of municipalities with signed agreements for 'Wagamachi Portal' expanded to 32 (up from a cumulative 30 in the prior period), and the cumulative number of digital signage installations reached 310, indicating that the spread of digital platforms continues.

Key Products

Growth Drivers

• Accumulation of published editions of 'Wagamachi Jiten' through continued publication of revised editions with existing publishing municipalities and development of new publishing municipalities
• Expansion of digital signage 'Wagamachi NAVI' installations at large commercial facilities and municipal government buildings (cumulative 310 locations)
• Expansion of the number of municipalities with signed agreements for 'Wagamachi Portal' (cumulative 32 municipalities), spreading the new information dissemination platform
• Capturing new demand through expanded publication of Genre-Specific Municipal Information Magazines (childcare, vacant-house countermeasures, etc.)
• Sales efficiency and productivity improvements through advertising collection DX

Risks

• Structural decline in revenue contribution from existing media due to the shrinking trend in publishing districts for the 50-index phone directory 'Telepal 50'
• Digital media revenue declined to ¥700 million (down 20.5% year on year), with declines in both publishing and digital media, meaning the shift to digital has not yet offset revenue
• Seasonality risk causing quarterly performance volatility, as publication of 'Wagamachi Jiten' is concentrated in a specific quarter (the fourth quarter)
• Impact on public-private collaborative businesses from deteriorating local government finances and reduced public relations budgets
• Structural downward pressure on print advertising revenue due to the shift of advertising to digital media