Worth reading
68In focus
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
58.4
%Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales23,783¥ millionYear on year +58.4%Progress 63.6%
Operating profit3,294¥ millionYear on year -16.2%Progress 27.7%
Ordinary income3,156¥ millionYear on year -19.8%Progress 25.4%
Net income attributable to owners of the parent2,669¥ millionYear on year -35.1%Progress 20.1%
The 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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥18.21
Financial position at period-end
Total assets40,355¥ million
of which net assets 27,933 ¥ millionEquity ratio 64.2%vs. prior year-end -22.3pt
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.
Cash inflows and outflows
Operating-482
Investment-1,258
Financials+1,771
Net change+31
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥3,021 million
Segment revenueDigital Asset Management Business ¥3,971 million (YoY +6.2%), Energy Business ¥19,101 million (YoY +81.9%), Battery Storage Solutions Business ¥708 million (YoY +14.2%), Other Businesses ¥2 million (YoY -98.2%)
Segment profitDigital Asset Management Business ¥3,971 million (YoY +6.2%), Energy Business ¥58 million (YoY -92.4%), Battery Storage Solutions Business ¥120 million (YoY -3.2%), Other Businesses ¥1 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales30,050〜37,385
Operating profit4,651〜11,893
Ordinary income5,178〜12,420
Net income7,208〜13,256
Revision to Earnings ForecastNo revision → No revision（No revision）
Annual Dividend Forecast¥5 → ¥3（-40.0%）
Factors Behind Changes in Business Performance
Valuation gains, management income and gains on sales of crypto assets, higher selling prices resulting from increased JEPX trading prices, and growth in contracts and orders due to the strengthened sales agent network and promotional activities drove revenue growth. In the energy business, however, the impact of higher costs was greater, resulting in lower profit.
Disclosure regarding the going concern assumption
None
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 2 companies (合同会社NCパイオニア and 株式会社リミックスでんき) / Excluded Not disclosed
Material subsequent eventsEffective 1 October 2026, the energy business was transferred through an absorption-type company split to 株式会社リミックスでんき, and 51% of its shares were transferred to 株式会社H-Powerホールディングス. As a result, the company changed from a consolidated subsidiary to an equity-method affiliate. The reference transfer price was ¥5,100 million.
Impairment lossNone
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on reversal of subscription rights to shares ¥5 million / Extraordinary loss Loss on sale of property, plant and equipment ¥235 million, Loss on Retirement of Fixed Assets ¥2 million
Depreciation and amortization¥141 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End149,054,800
Treasury Shares at Period-End2,435,000
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥23,783 million (YoY +58.4%) |
| Operating profit | ¥3,294 million (YoY -16.2%) |
| Ordinary income | ¥3,156 million (YoY -19.8%) |
| Profit attributable to owners of the parent | ¥2,669 million (YoY -35.1%) |
| Net income per share | ¥18.21 |
| Equity ratio | End of the current fiscal period 64.2 / End of previous period 86.5 |
| Total assets | ¥40,355 million |
| Net assets | ¥27,933 million |
| Cash flows from operating activities | ¥-482 million |
| Cash flows from investing activities | ¥-1,258 million |
| Cash flows from financing activities | ¥1,771 million |
| Cash and cash equivalents at end of period | ¥3,021 million |
| Full-year earnings forecast | Net Sales 30,050〜37,385 / Operating profit 4,651〜11,893 / Ordinary income 5,178〜12,420 / Net income 7,208〜13,256 |
| Revision to Earnings Forecast | No revision → No revision（No revision） |
| Annual Dividend Forecast | ¥5 → ¥3（-40.0%） |
| Segment revenue | Digital Asset Management Business ¥3,971 million (YoY +6.2%), Energy Business ¥19,101 million (YoY +81.9%), Battery Storage Solutions Business ¥708 million (YoY +14.2%), Other Businesses ¥2 million (YoY -98.2%) |
| Segment profit | Digital Asset Management Business ¥3,971 million (YoY +6.2%), Energy Business ¥58 million (YoY -92.4%), Battery Storage Solutions Business ¥120 million (YoY -3.2%), Other Businesses ¥1 million |
| Depreciation and amortization | ¥141 million |
| Impairment loss | None |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on reversal of subscription rights to shares ¥5 million / Extraordinary loss Loss on sale of property, plant and equipment ¥235 million, Loss on Retirement of Fixed Assets ¥2 million |
| Disclosure regarding the going concern assumption | None |
| 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 | New 2 companies (合同会社NCパイオニア and 株式会社リミックスでんき) / Excluded Not disclosed |
| Material subsequent events | Effective 1 October 2026, the energy business was transferred through an absorption-type company split to 株式会社リミックスでんき, and 51% of its shares were transferred to 株式会社H-Powerホールディングス. As a result, the company changed from a consolidated subsidiary to an equity-method affiliate. The reference transfer price was ¥5,100 million. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 149,054,800 |
| Treasury Shares at Period-End | 2,435,000 |
| Factors Behind Changes in Business Performance | Valuation gains, management income and gains on sales of crypto assets, higher selling prices resulting from increased JEPX trading prices, and growth in contracts and orders due to the strengthened sales agent network and promotional activities drove revenue growth. In the energy business, however, the impact of higher costs was greater, resulting in lower profit. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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.In the digital asset management business, the company recorded ¥3,695 million in valuation gains on held bitcoin and other assets, ¥158 million in bitcoin management income and ¥117 million in gains on sales of altcoins. In the energy business, higher JEPX trading prices pushed up selling prices, but the impact of higher costs was greater.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.