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Business overview
The Group’s vision is to “Captivate the World,” with manga at its core, and it is expanding Japanese-origin culture globally. Its business is primarily organized into 2 segments: the Manga Business and the Crypto Asset Business. Previously operated as a single segment, the business was reorganized into 2 segments from fiscal 2025 in light of the growing significance of the Crypto Asset Business in terms of asset scale. The Manga Business combines multiple e-commerce services, including a full-series manga e-commerce service, 漫画全巻ドットコム, the romance manga e-commerce service ホーリンラブブックス, and the manga e-commerce service まんが王, with physical spaces and events. The Crypto Asset Business is an asset-management business centered on the acquisition and management of ETH. Overseas, the Group is promoting the international expansion of Japanese-origin content through its overseas subsidiaries, including its Singapore-based operations. In November 2025, the Group established the Crypto Asset Business, and as of 31 March 2026, its total ETH holdings had reached 2,474.8649 ETH, with a total acquisition cost of ¥1,080,303,281. The Group recorded a ¥254.105 million loss on valuation of crypto assets as a non-operating expense associated with the fair-value valuation of the Crypto Asset Business. Sales volumes and customer metrics, among other monthly KPIs, are monitored through IR and performance reports, but monthly trends are not disclosed in the main text.
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