TOKYO, May 11 (Pulse News Wire) – Note Inc. (5243.T) reported strong first quarter results, achieving revenue of ¥1 billion (up 15.2%) and adjusted EBITDA of ¥300 million (up 20.5%).
Operating profit reached ¥150 million (up 18.7%), reflecting robust growth across its businesses and cost efficiencies driven by AI initiatives. Despite exceeding 30% of the annual forecast progress rate, the company maintained its full-year guidance due to anticipated increases in personnel costs in subsequent quarters. CEO Kato Shinpei sold shares to enhance liquidity ahead of potential Prime Market listing by, aiming for sales of ¥15 billion and an EBITDA margin of 30-35%.
Note also highlighted continued momentum in its GMV, reaching ¥62 billion (up 25.5%), fueled by growing creator content and AI adoption. The company expects sustained high growth rates of 20-30% in the near term. Additionally, the Geniac project contributed approximately ¥100 million in revenue, though profitability remains contingent on ongoing development efforts and partnerships.
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