Media Do is exiting Western publishing software. The Tokyo-listed e-book distributor said its board decided on September 30, 2026 to sell all shares and equity in Quality Solutions, Inc., NetGalley, LLC and three of their subsidiaries to Valsoft Corporation Inc., for a disclosed price of $20mn, about ¥3.15bn at ¥157.46 to the dollar. It calls the five companies the Firebrand group, and they leave its consolidated accounts.
What is going, and to whom
Quality Solutions supplies workflow and bibliographic-data systems to publishers. NetGalley runs a digital advance-copy and review-marketing platform. Media Do bought both in January 2021 and added the UK web-builder Supadü Ltd. in January 2022.
Valsoft is a Montreal-based group that buys and runs industry-specific software businesses, and Media Do's release says it owns more than 150 of them. In 2024 it bought Above the Treeline, which operates the rival advance-copy platform Edelweiss+. Valsoft's capital, net assets, total assets and shareholders are undisclosed at its request. Media Do reports no capital, personnel or trading ties with it.
Uneven businesses
The two lead companies differ sharply. For 2025, Quality Solutions had revenue of $10.197mn and an operating loss of $1.799mn, its third straight loss. NetGalley had revenue of $8.540mn and operating profit of $2.111mn.
Media Do says it wants to concentrate overseas effort on Japanese publishing content through Seven Seas Entertainment, LLC, which it consolidated in March 2026. It also judged that Firebrand would grow better under a software specialist.
The gain is not sized
Media Do expects a special gain in the third quarter of the year ending February 2027. Its extraordinary report describes it as a gain on the sale of affiliate shares. The amount and the effect on full-year results are still under review, and the company says it will announce promptly any forecast revision that becomes necessary.
The release lists September 30 as the board date, the signing date and the transfer execution date. No gain figure has been disclosed, so none should be inferred from the $20mn price.