Results for this period
Interim period (second quarter)1 November 2025 to 30 April 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the HODL business, the company pursued the construction and pilot operation of a digital asset treasury business centered on Ethereum. In the BUIDL business, it pursued business development and sales activities for its blockchain development and consulting business and AI management agent business.
Note included. The company stated that events or circumstances exist that raise substantial doubt about the going concern assumption and that material uncertainty is recognized at present.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025 to 30 April 2026 |
| Net Sales | ¥47 million (YoY +234.3%) |
| Operating profit | ¥-202 million |
| Ordinary income | ¥-184 million |
| Profit attributable to owners of the parent | ¥-244 million |
| Net income per share | △¥13.17 |
| Equity ratio | End of the current fiscal period 52.8 / End of previous period 78.7 |
| Total assets | ¥331 million |
| Net assets | ¥244 million |
| Cash flows from operating activities | ¥-177,904 thousand |
| Cash flows from investing activities | ¥110,945 thousand |
| Cash flows from financing activities | ¥0 thousand |
| Cash and cash equivalents at end of period | ¥155,876 thousand |
| Annual Dividend Forecast | 0 yen and sen → 0 yen and sen |
| Impairment loss | No impairment loss recorded for the interim period |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Loss on sale of investment securities ¥21,557 thousand, Provision for allowance for doubtful accounts ¥21,174 thousand, Total extraordinary loss ¥42,731 thousand |
| Disclosure regarding the going concern assumption | Note included. The company stated that events or circumstances exist that raise substantial doubt about the going concern assumption and that material uncertainty is recognized at present. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | At a meeting of the Board of Directors held on 30 April 2026, the company resolved to issue the 16th and 17th Series Stock Acquisition Rights through a third-party allotment. The allotment date is 19 May 2026, with maximum proceeds of ¥6,426.2 million. The proceeds will be used for the digital asset treasury business, blockchain-related businesses and expenses to strengthen the management foundation. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and individual investors) |
| Issued Shares at Period-End | 18,608,733 shares |
| Treasury Shares at Period-End | 28,817 shares |
| Factors Behind Changes in Business Performance | In the HODL business, the company pursued the construction and pilot operation of a digital asset treasury business centered on Ethereum. In the BUIDL business, it pursued business development and sales activities for its blockchain development and consulting business and AI management agent business. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company stated that it pursued its digital asset treasury business centered on Ethereum, its blockchain development and consulting business, and its AI management agent business. It also stated that transactions and other matters under the former management impaired its business, human resources and earnings base, and that it is rebuilding its internal control and governance systems.