Expanding the Open Innovation Service

「During the consolidated fiscal year, an increase in the number of STARTUP DB contracts, price revisions and the expansion of projects in Acceleration resulted in open innovation business revenue of ¥792.580 million, up 38.9% year on year, and segment profit of ¥237.696 million, up 152.3% year on year.」

「In the open innovation business, Public Affairs steadily acquired projects by undertaking startup-related projects for government agencies and local governments. In addition, an increase in contracts for the paid database membership service for major companies offered through the Group’s STARTUP DB database, together with price revisions, contributed to higher revenue. As a result, revenue from the open innovation business for the current interim consolidated accounting period was ¥218.912 million, up 58.5% year on year, while segment profit was ¥7.215 million, compared with a segment loss of ¥61.811 million in the same period of the previous year.」

「The number of paid “STARTUP DB” users increased, sponsorship revenue was generated from the “GRIC2024” conference, and Public Affairs steadily expanded by undertaking startup-related projects from local governments. As a result, open innovation service revenue was ¥570.809 million, up 12.4% year on year.」

「Open innovation services comprise the paid database membership service for major companies provided through “STARTUP DB,” operated by the Group; “Public Affairs,” which supports industry-academia-government collaboration by undertaking startup-related projects for government agencies and local governments; and “Conferences,” a large-scale conference business whose purpose is to bring “Japan’s startup ecosystem up to global standards.” Although revenue from the Fundraising Support service, which was offered in the same period of the previous year, declined during the current interim consolidated accounting period, each business performed strongly enough to more than offset the decline. As a result, open innovation service revenue for the current interim consolidated accounting period was ¥138.119 million, up 10.4% year on year.」

「User acquisition for “STARTUP DB” and the acquisition of event partners for the conference “Growth Industry Conference 2023 (GROWTH INDUSTRY CONFERENCE 2023),” held at Shibuya Hikarie on 16 November, progressed steadily. Public Affairs also advanced new activities, including being selected as the operator for the “Fukuoka City Startup Support Facility Operations Project.” As a result, open innovation service revenue for the nine months ended the third quarter was ¥310.448 million, up 50.4% year on year.」

「As “STARTUP DB” and “Public Affairs” progressed as planned, open innovation service revenue for the six months ended the second quarter was ¥125.104 million, up 104.9% year on year.」

「During the three months ended the first quarter of the current consolidated fiscal year, the number of STARTUP DB members grew to the largest scale in Japan（※）. In addition, Public Affairs, an initiative with central government agencies and local public bodies launched approximately 3 years ago, continued to win contracts for startup-related projects. As a result, orders received reached a record high of ¥188.047 million, and open innovation service revenue was ¥48.114 million, up 99.7% year on year.」

「The number of paid “STARTUP DB” users increased from the previous fiscal year, while Public Affairs steadily expanded by winning contracts, primarily from local governments, for startup-related projects. As a result, open innovation service revenue was ¥334.397 million, up 74.2% year on year.」

「During the nine months ended the third quarter of the current consolidated fiscal year, the Company recorded sponsorship revenue from hosting the Growth Industry Conference, which was held in the fourth quarter of the previous fiscal year. In addition, steady performance by “Public Affairs（※）” and the database subscription service for major companies offered by “STARTUP DB” resulted in open innovation service revenue of ¥206.363 million.」

「During the six months ended the second quarter of the current consolidated fiscal year, steady performance by “Public Affairs（※）” and data sales to major companies resulted in open innovation revenue of ¥61.067 million.」

「During the first quarter of the current consolidated fiscal year, steady performance by “Public Affairs（※）” and data sales to major companies resulted in orders received of ¥136.151 million and revenue of ¥24.098 million.」

「While budgets at major companies that place a high priority on creating new businesses, transforming existing businesses and digitizing existing operations remained firm, strengthened sales efforts for “Public Affairs” and “Fundraising Support,” which assists startups with raising capital, resulted in revenue of ¥191.907 million for the fiscal year.」

「During the third quarter of the current consolidated fiscal year, the Company expanded its sales channels by actively collaborating with incubation programs organized by local governments under “Public Affairs（※）,” continuing from the first quarter. Increased orders for “Fundraising Support,” which assists startups with raising capital and began contributing to revenue in the previous quarter, also contributed. Revenue for the nine months ended the third quarter was ¥72.110 million.」

「During the second quarter of the current consolidated fiscal year, the Company expanded its sales channels by actively collaborating with incubation programs organized by local governments under “Public Affairs（※）,” continuing from the previous quarter. Revenue also began to benefit from “Fundraising Support,” which assists startups with raising capital. As a result, revenue for the six months ended the second quarter was ¥44.448 million.」

「In addition, during the first quarter, the company actively pursued collaboration with incubation programmes hosted by local authorities and expanded its sales targets. Under these circumstances, stronger sales efforts targeting major corporations, government agencies and local authorities resulted in revenue of ¥15.044 million for the cumulative first-quarter period, up 62.4% year on year.」

「Under these circumstances, stronger sales efforts targeting major corporations, government agencies and local authorities resulted in revenue of ¥72.033 million for the fiscal year, up 176.3% year on year.」

「Under these circumstances, stronger sales efforts targeting major corporations and government agencies resulted in revenue of ¥28.249 million, up 53.7% year on year.」

「Under these circumstances, stronger sales efforts targeting major corporations resulted in revenue of ¥18.342 million for the cumulative second-quarter period.」

「Under these circumstances, stronger sales efforts targeting major corporations resulted in revenue of ¥9.264 million for the cumulative first-quarter period.」

「To expand its Open Innovation services, the company plans to partner with venture capital firms, major corporations and professional firms to develop new services.」