FORCIA,Inc.

フォルシア operates a digital business platform business for the distribution of data in the travel and tourism industry as a single segment. Its main revenue streams are development revenue and monthly recurring revenue, generated through the provision of customized solutions tailored to each customer's requirements and standardized products designed for operation after implementation. Development revenue increased significantly as large-scale projects progressed, including the renewal of core systems and the development of new services. Monthly recurring revenue comprises operation and maintenance fees, license fees and service usage fees, among others, and is described as revenue that accumulates steadily as the number of customers increases. Following a review of the timing of revenue recognition in the financial statements for the previous fiscal year, revenue was recognized for certain large-scale projects for which delivery and customer acceptance had been completed. For the interim accounting period, net sales were ¥1,806.560 million, up 64.5% year on year, operating income was ¥345.975 million, up 933.1%, ordinary income was ¥348.853 million, up 896.9%, and interim net income was ¥202.647 million, up 830.9%. Demand in the travel and tourism industry remained firm, supported by the high level of inbound foreign visitors. Domestic travel spending exceeded the prior-year period, driven by an increase in the number of travelers and higher spending per trip. The company continues to review its revenue structure, invest in digital technologies and diversify its sales channels in response to changes in demand from major domestic travel company customers. The company discloses its digital business platform business as a single segment and has omitted segment-specific information.