ZenmuTech (338A) · RiskWorsened
ZENMU Virtual Drive and Dependence on the Secret-Sharing Business
First written in FY2024. 2 of 4 entries say "Mitigated", first in FY2025-H1. Latest entry: FY2026-H1.
4entries
2years
1from disclosures
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ZENMU Virtual Drive and Dependence on the Secret-Sharing BusinessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2026-H1WorsenedAnnual report
「Revenue from external customers Secret sharing 270,688 Secure computation 29,096 Other 5,846 Total 305,631」
Revenue from secret sharing was ¥270.688 million in the six-month accounting period, accounting for approximately 88.6% of total revenue. The concentration of revenue in secret sharing increased from approximately 68.4% in the same period of the prior year, raising business dependence. - 2026-03-31MitigatedManagement plan
「Build the earnings base through the core ZENMU Virtual Drive business, while over the medium to long term enhancing services through ZENMU Engine and secure multiparty computation to expand the business domain and achieve sustainable growth」
The company explicitly positioned ZVD as the short-term earnings base and ZENMU Engine and secure multiparty computation as medium- to long-term growth platforms. - FY2025-H1MitigatedAnnual report
「Revenue from external customers 208,457 88,300 7,860 304,618」
Revenue by business in the six-month period was ¥208.457 million from secret sharing, ¥88.300 million from secure computation, and ¥7.860 million from other businesses. Secret sharing accounted for approximately 68.4% of revenue based on the table, down from 78.9% in FY2024. - FY2024First statedAnnual report
「Including this business, the secret-sharing business accounted for 78.9% of the sales mix in the fiscal year ended December 2024, indicating a high level of dependence.」
The company plans to reduce its dependence on specific services by strengthening OEM opportunities for ZENMU Engine and researching and developing secure computation.