SiLK VISION 2024: Trusted Internet Vision and Transformation Term

「The “TONE-IN SDK” is a concrete business implementation of the “communications-born web3 implementation company” vision set out in フリービット’s medium-term management plan, SiLK VISION 2027 (SV2027).」

「Under the “Trusted Web” concept, the Group will make various things trusted by combining decentralized IDs (DIDs), its proprietary Layer 1 blockchain technology and expertise developed in the telecommunications field, while operating Web2.0 and web3 in a phased and complementary hybrid model.」

「The theme of the medium-term management plan, “SiLK VISION 2027,” is the pursuit of the “location of trust” as something necessary to resolve social issues faced worldwide. Based on the view that it is important to create a state of trustworthiness in an environment filled with unreliable information, the company is working to achieve this by leveraging its web3 and patented technologies.」

「Against this backdrop, the company has again positioned the current consolidated fiscal year as the “Transformation Term.” While responding to changes including rapid technological innovation, it is reassessing its business, organizational and personnel strategies and will execute effective strategic investments by making effective use of the Group’s management resources, with the aim of establishing at an early stage the Group’s position as a “Platform Maker in the 5G/web3 era.”」

「Against this backdrop, the company has again positioned the current consolidated fiscal year as the “Transformation Term.” While responding to changes including rapid technological innovation, it is reassessing its business, organizational and personnel strategies and will execute effective strategic investments by making effective use of the Group’s management resources, with the aim of establishing at an early stage the Group’s position as a “Platform Maker in the 5G/web3 era.”」

「As in the previous consolidated fiscal year, the company is pursuing business expansion through strategic investments during the current consolidated fiscal year to achieve “SiLK VISION 2024” in the fiscal year ending April 2024 and establish its position at an early stage as a “Platform Maker in the 5G/web3 era.”」

「As in the previous consolidated fiscal year, the company is pursuing business expansion through strategic investments during the current consolidated fiscal year to achieve “SiLK VISION 2024” in the fiscal year ending April 2024 and establish its position at an early stage as a “Platform Maker in the 5G/web3 era.” ... Unlike the previous consolidated fiscal year, when strategic investment execution was concentrated at the end of the fiscal year, the company began executing these investments from the start of the current fiscal year. Accordingly, operating income, ordinary income and quarterly net income attributable to owners of the parent for the first half of the current consolidated fiscal year decreased from the first half of the previous consolidated fiscal year, although business development and results are progressing ahead of plan.」

「As in the previous consolidated fiscal year, the company is also pursuing business expansion through strategic investments during the current consolidated fiscal year to achieve “SiLK VISION 2024” in the fiscal year ending April 2024 and establish its position at an early stage as a “Platform Maker in the 5G/web3 era.” As a strategic investment, the Group is investing resources not only in marketing to expand sales but also in developing new services using technologies including AI, IoT and Blockchain to meet new demand arising from increasingly diverse lifestyles in the 5G, web3 and metaverse era.」

「Under these circumstances, the current consolidated fiscal year is the first year of the three-year medium-term management plan, “SiLK VISION 2024.” The company is pursuing business expansion through exponentially growing technologies and concentrating management resources in growth areas while contributing to the creation of a sustainable society.」

「In terms of profit, the company positioned the current consolidated fiscal year as a period for executing strategic investments to further expand the business toward achieving the targets set out in “SiLK VISION 2024.” As a result, operating income, ordinary income and quarterly net income attributable to owners of the parent decreased from the first nine months of the previous consolidated fiscal year.」

「The new medium-term management plan, “SiLK VISION 2024,” is the first phase of the Group’s 10-year plan and aims to expand the business through Exponential Technology, “technologies that grow exponentially,” as a Platformer Maker in the 5G era. While contributing to the creation of a sustainable society, the company will concentrate management resources on the mobile revolution, lifestyle revolution and production revolution areas, which the Group considers global growth areas, and promote business development toward achieving revenue of ¥50 billion and operating income of ¥5 billion in the fiscal year ending April 2024.」

「During the first quarter of the current consolidated cumulative period, the company announced its new medium-term management plan, “SiLK VISION 2024.” “SiLK VISION 2024” is the first medium-term management plan under the Group’s 10-year plan. As a Platformer Maker in the 5G era, the company aims to expand its businesses by incorporating Exponential Technology, “technologies that grow exponentially,” while contributing to a sustainable society. It aims to achieve the plan by concentrating management resources on the mobile revolution, lifestyle revolution and production revolution areas, which it considers global growth areas. The company aims to achieve revenue of ¥50 billion and operating income of ¥5 billion in the fiscal year ending April 2024, the final year of the plan.」

「The current consolidated fiscal year was positioned as the “Transformation Term” leading to the next medium-term management plan, and the company made strategic investments from a medium- to long-term perspective while reorganizing the Group’s businesses.」

「With a view to these changes in the operating environment, the Group announced the strategic framework for its next medium-term management plan, “SiLK VISION 2024,” on 11 September 2020, and designated the fiscal year ending April 2021 as the “Transformation Term,” a period for shifting strategy to pursue sustained growth under the new normal. Under “SiLK VISION 2024,” based on the “Trusted Internet” concept, the Group will thoroughly integrate, link and utilize the diverse data held by the group portfolio formed through acquisitions and alliances under previous medium-term management plans on a platform that makes the infrastructure itself trusted through the use of Blockchain. After linking the data, the Group will progressively reorganize the Group through vertical integration or deconsolidation, with “infrastructure” and “platforms” as its core areas.」