Howtelevision, Inc.

Business Details

Operates "Gaishishukatsu.com" for new graduate students, the Mid-Career Service, the RPO Service specializing in engineer recruitment (Loglio, Inc.), and the new-style Q&A platform "mond." The core model is a BtoB fee-based structure that collects advertising placement fees and success fees from hiring companies. The rare member base of students at top-tier universities and professionally-oriented individuals serves as the source of differentiation, and cumulative number of client companies and cumulative number of members are defined as key management indicators. The segment was renamed from "Career Platform Business" to "Platform Business" starting FY2026 (ending March 2026).

Recent Overview

Q1 revenue rose 42.7% and operating profit rose 373%, significantly exceeding expectations, with a strong start aided by the front-loading of the job-hunting schedule

In the first quarter of FY2027 (ending March 2027) (February to April 2026), revenue was ¥825 million (up 42.7% year on year) and operating profit was ¥164 million (up 373.0% year on year), representing substantial growth in both revenue and profit. The front-loading of the job-hunting schedule provided a tailwind, with the new graduate service driving results. The cumulative number of client companies steadily expanded to 1,101 companies (up 13 from the end of the prior fiscal year), and the cumulative number of members grew to 744,808 people (up 39,333). Early adoption of the new lease accounting standard resulted in the recognition of ¥726 million in right-of-use assets, inflating total assets, while the equity ratio declined to 44.6%. As subsequent events, the company resolved on the absorption-type merger of subsidiary Loglio effective July 1, 2026, the retirement of 3,397 shares of treasury stock (implemented on May 29, 2026), and the change of Liiga, Inc.'s trade name to "mond Japan, Inc." The full-year earnings forecast remains unchanged (revenue of ¥3,100 million, operating profit of ¥50 million).

Key Products

Growth Drivers

• Continued expansion of the cumulative number of client companies and cumulative number of members (1,101 client companies and 744,808 members)
• Expansion of demand for the new graduate service due to the front-loading and earlier timing of new graduate recruitment schedules (75.3% job offer acceptance rate as of March for the class of 2027)
• Higher value-added offerings and higher transaction unit prices through the rollout of the new service "LYMiN from Gaishishukatsu.com"
• Strengthened member engagement through the full-scale rollout of the integrated management tool "Shukatsu Copilot"
• Increased member numbers and higher unit price per placement in the Mid-Career Service through platform integration with "Gaishishukatsu.com"
• Accelerated integrated business development and improved group management efficiency through the absorption-type merger of the RPO Service (Loglio)
• Accelerated product development and monetization of mond, and establishment of a domestic business operation structure through mond Japan, Inc.

Risks

• Significant decline in profit margin due to continued aggressive investment (full-year FY2027 (ending January 2027) operating profit forecast of ¥50 million, operating margin of approximately 1.6%)
• Uncertainty regarding the divergence between the strong Q1 results (operating profit already substantially exceeding the full-year forecast) and the full-year forecast
• Goodwill impairment risk (an impairment loss was recorded in FY2026 (ending January 2026))
• Seasonality and uncertainty in demand due to changes in job-hunting rules and fluctuations in recruitment schedules
• Increased financial burden from higher lease liabilities (current and non-current combined totaling ¥784 million) due to the application of the new lease accounting standard
• Intensifying competition with other companies for member acquisition and client company acquisition
• Risk of delayed monetization of mond and operating costs associated with the transfer of the business to mond Japan, Inc.
• Difficulty securing and developing talented personnel (risk associated with a small-scale organizational structure and dependence on specific individuals)