notenote inc.5243東証グロースサービス業FY ending Nov 2025, consolidated, J-GAAP

note FY ending Nov 2025 results

About 99% of note's sales come from Media platform, with IP and Content Creation making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +25.0% from the prior year, operating profit +384.7%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +25.0% · profit +384.7%, calculated from disclosed figures.

Operating leverage: 15.37× (profit growth ÷ revenue growth)

What changed from last year

FY ending Nov 2024 → FY ending Nov 2025

Revenue
+25.0%¥3.31B → ¥4.14B
Gross profit
+24.6%¥3.11B → ¥3.88B
Operating income
+384.7%¥52.8M → ¥256.1M
Net income attributable to owners
+345.4%¥98.9M → ¥440.6M
Operating cash flow
+74.2%¥225.8M → ¥393.3M

Where the money goes

FY ending Nov 2024 → FY ending Nov 2025

Where ¥100 of sales goes

For every ¥100 note sells, how much goes where, and how much is kept.

FY ending Nov 2025
Cost of sales
¥6
SG&A
¥88
Operating profit
¥6
Net profit kept
¥11

Annual margin trends

Gross margin93.6%
FY ending Nov 2021: 87.0%87.0%FY ending Nov 2022: 90.7%90.7%FY ending Nov 2023: 92.4%92.4%FY ending Nov 2024: 93.9%93.9%FY ending Nov 2025: 93.6%93.6%FY21FY22FY23FY24FY25
Operating margin6.2%
FY ending Nov 2021: -24.2%-24.2%FY ending Nov 2022: -31.6%-31.6%FY ending Nov 2023: -13.7%-13.7%FY ending Nov 2024: 1.6%1.6%FY ending Nov 2025: 6.2%6.2%FY21FY22FY23FY24FY25
Net margin10.6%
FY ending Nov 2021: -23.1%-23.1%FY ending Nov 2022: -32.6%-32.6%FY ending Nov 2023: -14.9%-14.9%FY ending Nov 2024: 3.0%3.0%FY ending Nov 2025: 10.6%10.6%FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Nov 2025

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (4)
  • EDINET (FSA Japan)

    有価証券報告書-第14期(2024/12/01-2025/11/30)

    ID S100XMWX2026-02-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第13期(2023/12/01-2024/11/30)

    ID S100VAPS2025-02-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第12期(2022/12/01-2023/11/30)

    ID S100SY1F2024-02-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第11期(2021/12/01-2022/11/30)

    ID S100R3D52023-07-07Open

Extracted from XBRL: 43

Spotted an error? Report it (corrections keep the original record)

Other periods

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