Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
500000
SOL (medium-term management scale target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateWhat happened to the previous planAcquisition of approximately ¥500 million → Cumulative acquisition amount of ¥450 million (as of 5 March 2026)+305.2%Calculated from the two disclosed figures
Investment amount by sectorField Solana Treasury business (SOL acquisition) / Amount Approximately ¥500 million / Conditions Investment cap
Key initiatives
01[Generating income gains] Establish a new earnings base through the Solana Treasury business
02[Generating capital gains] Promote the transfer of operating investment securities
03[Growing the existing core business] Promote monetization through ゆとりの空間
04Strengthen collaboration with the Solana Foundation and the Solana community
05Enhance the user experience (UX)
06Diversify social contribution themes
07Continue strengthening market-in product development and accelerate sales growth by improving gross margins and inventory turnover
08Prioritize growth of the main e-commerce store and pursue high-margin growth by focusing on high-gross-margin channels
09Strengthen digital customer acquisition through the app and social media (downloads: 10,000→50,000 / improve CLV / establish a dedicated team)
10Shift to contract development of content and systems for other companies
11Develop the company’s own IP through its YouTube channel
Plan assumptionsThe global Web3.0 blockchain market is projected to expand from US$2.25 billion in 2023 to US$33.53 billion in 2030, representing a CAGR of 47.1% (Grand View Research)., Solana staking rewards are stated to be 6.5%–7.5%.
Non-financial targetsIndicator name Solana management scale / Target value 500,000 SOL / Timing Medium term, Indicator name Number of downloads of the company’s e-commerce app / Target value 10,000→50,000 / Timing 2026
Size of the Target MarketMarket Global Web3.0 blockchain market / Figures US$2.25 billion in 2023, US$33.53 billion in 2030, CAGR 47.1% / Source Grand View Research「Global Web 3.0 Blockchain Market Size & Outlook」, Market E-commerce (B2C merchandise) market / Figures ¥15,219.4 billion (¥15.2 trillion) in 2024 / Source Information Economy Division, Commerce and Information Policy Bureau, Ministry of Economy, Trade and Industry, Market TVL of the Solana (SOL) ecosystem / Figures US$0.21 billion at year-end 2022, US$1.48 billion at year-end 2023, US$8.96 billion at year-end 2024 and US$10.6 billion at year-end 2025 / Source Approximate figures based on DeFiLlama, prepared by the company with reference to various market research reports, including Binance Research
Risks identified by the company
Risks related to information security
Risks related to IP investment and development and the Solana Treasury business
Risks related to the lifestyle IP business
Risks related to structural reform of the digital IP business
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| Investment amount by sector | Field Solana Treasury business (SOL acquisition) / Amount Approximately ¥500 million / Conditions Investment cap |
| Non-financial targets | Indicator name Solana management scale / Target value 500,000 SOL / Timing Medium term, Indicator name Number of downloads of the company’s e-commerce app / Target value 10,000→50,000 / Timing 2026 |
| Plan assumptions | The global Web3.0 blockchain market is projected to expand from US$2.25 billion in 2023 to US$33.53 billion in 2030, representing a CAGR of 47.1% (Grand View Research)., Solana staking rewards are stated to be 6.5%–7.5%. |
| Key initiatives | [Generating income gains] Establish a new earnings base through the Solana Treasury business, [Generating capital gains] Promote the transfer of operating investment securities, [Growing the existing core business] Promote monetization through ゆとりの空間, Strengthen collaboration with the Solana Foundation and the Solana community, Enhance the user experience (UX), Diversify social contribution themes, Continue strengthening market-in product development and accelerate sales growth by improving gross margins and inventory turnover, Prioritize growth of the main e-commerce store and pursue high-margin growth by focusing on high-gross-margin channels, Strengthen digital customer acquisition through the app and social media (downloads: 10,000→50,000 / improve CLV / establish a dedicated team), Shift to contract development of content and systems for other companies, Develop the company’s own IP through its YouTube channel |
| Results under the previous plan | Acquisition of approximately ¥500 million → Cumulative acquisition amount of ¥450 million (as of 5 March 2026) |
| Size of the Target Market | Market Global Web3.0 blockchain market / Figures US$2.25 billion in 2023, US$33.53 billion in 2030, CAGR 47.1% / Source Grand View Research「Global Web 3.0 Blockchain Market Size & Outlook」, Market E-commerce (B2C merchandise) market / Figures ¥15,219.4 billion (¥15.2 trillion) in 2024 / Source Information Economy Division, Commerce and Information Policy Bureau, Ministry of Economy, Trade and Industry, Market TVL of the Solana (SOL) ecosystem / Figures US$0.21 billion at year-end 2022, US$1.48 billion at year-end 2023, US$8.96 billion at year-end 2024 and US$10.6 billion at year-end 2025 / Source Approximate figures based on DeFiLlama, prepared by the company with reference to various market research reports, including Binance Research |
| Risks identified | Risks related to information security, Risks related to IP investment and development and the Solana Treasury business, Risks related to the lifestyle IP business, Risks related to structural reform of the digital IP business |
| Publication date | 27 March 2026 |
Items this document does not state (15)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetReason for revision or withdrawalDate of board resolution
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 corporate name will change to “WIZE” effective 1 April 2026 to accurately communicate the company’s business activities and close the recognition gap. The Solana Treasury business will also be pursued to meet the continued-listing criteria for the TSE Growth Market, improve the efficiency of held assets and maximize shareholder value. In the digital IP business, profitability across the company will be prioritized, with management resources reallocated to contract development after unprofitable areas are streamlined.
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