Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
686
¥ million (amount of operating loss expansion)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 December 2025 to 31 August 2026ConsolidatedJapanese GAAPNet Sales2,353¥ millionYear on year -2.0%Progress 69.8%
Operating profit-784¥ million
Ordinary income-1,806¥ million
Net income attributable to owners of the parent-1,839¥ million
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-¥46.11
Financial position at period-end
Total assets71,870¥ million
of which net assets 2,073 ¥ millionEquity ratio 2.8%vs. prior year-end +0.6pt
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.
Segment revenueMetaverse and Digital Content Business ¥462,068 thousand (YoY +4.4%), Solutions Business ¥1,580,941 thousand (YoY +21.2%), Crypto Asset and Blockchain Business ¥240,740 thousand (YoY -22.6%), Other ¥69,826 thousand
Segment profitMetaverse and Digital Content Business ¥40,000 thousand, Solutions Business ¥-9,148 thousand, Crypto Asset and Blockchain Business ¥-661,458 thousand, Other ¥30,801 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥3,373 million (YoY -5.3%)
Operating profit¥-792 million
Ordinary income¥-1,891 million
Net income¥-1,931 million
Revision to Earnings ForecastNot disclosed → Net Sales 3,373 / Operating profit -792 / Ordinary income -1,891 / Net income -1,931
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
At JNソフト, 9 mid-career hires remained inactive, external resources were secured later than planned, and orders in the partner business fell short of target. At Zaif, in addition to valuation losses on crypto-assets held by the Company, both flow revenue and recurring revenue fell below expectations amid weak crypto-asset market conditions.
Disclosure regarding the going concern assumption
Not applicable.
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 Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None
Impairment loss¥0 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥500 thousand / Extraordinary loss Loss on changes in equity interests ¥6,194 thousand, Loss on sale of investment securities ¥52,257 thousand, Other ¥9,507 thousand
Depreciation and amortization¥18,554 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End49,588,342
Treasury Shares at Period-End3,353,119
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 December 2025 to 31 August 2026 |
| Net Sales | ¥2,353 million (YoY -2.0%) |
| Operating profit | ¥-784 million |
| Ordinary income | ¥-1,806 million |
| Profit attributable to owners of the parent | ¥-1,839 million |
| Net income per share | -¥46.11 |
| Equity ratio | End of the current fiscal period 2.8 / End of previous period 2.2 |
| Total assets | ¥71,870 million |
| Net assets | ¥2,073 million |
| Full-year earnings forecast | Net Sales ¥3,373 million (YoY -5.3%) / Operating profit ¥-792 million / Ordinary income ¥-1,891 million / Net income ¥-1,931 million |
| Revision to Earnings Forecast | Not disclosed → Net Sales 3,373 / Operating profit -792 / Ordinary income -1,891 / Net income -1,931 |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Metaverse and Digital Content Business ¥462,068 thousand (YoY +4.4%), Solutions Business ¥1,580,941 thousand (YoY +21.2%), Crypto Asset and Blockchain Business ¥240,740 thousand (YoY -22.6%), Other ¥69,826 thousand |
| Segment profit | Metaverse and Digital Content Business ¥40,000 thousand, Solutions Business ¥-9,148 thousand, Crypto Asset and Blockchain Business ¥-661,458 thousand, Other ¥30,801 thousand |
| Depreciation and amortization | ¥18,554 thousand |
| Impairment loss | ¥0 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥500 thousand / Extraordinary loss Loss on changes in equity interests ¥6,194 thousand, Loss on sale of investment securities ¥52,257 thousand, Other ¥9,507 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 49,588,342 |
| Treasury Shares at Period-End | 3,353,119 |
| Factors Behind Changes in Business Performance | At JNソフト, 9 mid-career hires remained inactive, external resources were secured later than planned, and orders in the partner business fell short of target. At Zaif, in addition to valuation losses on crypto-assets held by the Company, both flow revenue and recurring revenue fell below expectations amid weak crypto-asset market conditions. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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 factors cited include periods of inactivity for mid-career hires and delays in securing external resources at JNソフト, which caused orders to fall well below plan; the recognition of valuation losses on crypto-assets held by Zaif; and revenue falling below expectations amid weak crypto-asset market conditions. The Company also recorded an equity-method investment loss of ¥996 million.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.