MEEQ Inc.

The Group operates a single business segment, its mobile IoT support business, providing the IoT/DX platform “MEEQ” and MVNE services to IoT service providers and companies promoting digital transformation (DX). Centered on “MEEQ,” a SIM-based, SaaS IoT platform, the IoT/DX platform services enable customers to purchase and manage SIMs through a web interface, starting with a single line. As an MVNE serving all 3 major carriers—NTT DOCOMO, KDDI and SoftBank—the MVNE services provide MVNO operators with SIM procurement, including negotiations with MNOs, inter-operator settlement operations and service design. The Group offers 2 service models, Self-Operated MVNO and MVNO as a Service, providing hands-on support tailored to customers’ business conditions and needs. It also leverages facilities such as data centers to support customers’ operational efficiency and DX initiatives through peripheral services including MEEQ APPS and MEEQ Business Tools Device Select. The business structure comprises 2 core services: IoT/DX platform services and MVNE services. Most revenue is recurring B2B2X revenue, and growth in the number of contracted lines directly drives revenue growth. The Group enables line connectivity through L2 connections with 3 carriers and achieves effective use of bandwidth through bandwidth sharing.