Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationThird quarter of the fiscal year ending July 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,099 million+97.7%
Operating profit¥-171 million
Gross Profit MarginAmount not stated
Results for the three months of the current quarterThird-quarter revenue of ¥115 million for the Marketing Support Business, ¥9 million for 売れる越境EC社, ¥159 million for the Global Information and Communications Business, and ¥61 million for the Digital Asset and Web3 Business; monthly revenue for the Commerce Business of ¥9 million, ¥9 million and ¥10 million from February to April 2026
Full-year earnings forecast
Net Sales
¥1,880 million
Operating profit
¥14 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Marketing Support Business is below the initial assumptions, while the Digital Asset and Web3 Business is performing above expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors behind the revenue decline: reduced advertising budgets from major clients, lower customer acquisition following changes to social media algorithms, and the absence of the previous year's event-related surge. Factors behind the improvement in the operating loss: higher gross margin and cost optimization. Amounts by factor: Not disclosed.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The outlook assumes that the peak period for school excursions will be in the fourth quarter, orders will exceed the previous year, and large-scale unlock projects will be undertaken through Bitcoin Saver, a digital asset recovery service. Numerical assumptions: Not disclosed.New initiatives
- Introduction and expansion of TikTok live commerce and TikTok Shop
- Establishment of new sales channels
- Expansion of the digital asset recovery business through Bitcoin Saver
- M&A involving the SOBA Project, ADWAYS CHINA/ASIA, Step Y's and パロットビーク
Key KPIsA metric the company considers important as a management benchmark.
- Inaccessible Bitcoin370 10,000 BTC
- Market size for digital asset recovery needs¥60 trillion
- Number of accepted project proposalsMore than 50
- Number of basic agreements concluded4 Engagements
- Number of final agreements concluded3 Engagements
Segment results
Marketing Support Business
Net Sales
¥418 million
Operating profit
¥-8 million
Year on year against the same period last yearPrior-year revenue was ¥451 million and operating profit was -¥146 million
Global Information and Communications Business
Net Sales
¥472 million
Operating profit
¥31 million
Year on year against the same period last yearPrior-year revenue was ¥477 million and operating profit was ¥29 million
Commerce Business
Net Sales
¥84 million
Operating profit
¥-44 million
Year on year against the same period last yearPrior-year revenue was ¥195 million and operating profit was -¥19 million
Digital Asset and Web3 Business
Net Sales
¥124 million
Operating profit
¥19 million
Year on year against the same period last yearPrior-year revenue was ¥0 million and prior-year operating profit was ¥0 million
Medium-term management plan targets
By around 2028, the company aims to achieve revenue of ¥10 billion (Ureru100) and a market capitalization of at least ¥25 billion.Market Size / Share
Market Size
¥60 trillion
Inaccessible Bitcoin
370 10,000 BTC
Orders received and order backlog
Total value of orders received
45 Hundreds of millions of yen
Performance-based fees (revenue)
18 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending July 2026 |
| Net Sales | ¥1,099 million (YoY +97.7%) |
| Operating profit | ¥-171 million |
| Gross Profit Margin | 非開示 |
| Results for the three months of the current quarter | Third-quarter revenue of ¥115 million for the Marketing Support Business, ¥9 million for 売れる越境EC社, ¥159 million for the Global Information and Communications Business, and ¥61 million for the Digital Asset and Web3 Business; monthly revenue for the Commerce Business of ¥9 million, ¥9 million and ¥10 million from February to April 2026 |
| Full-year earnings forecast | Net Sales ¥1,880 million / Operating profit ¥14 million |
| Self-assessment against the plan | The Marketing Support Business is below the initial assumptions, while the Digital Asset and Web3 Business is performing above expectations |
| Segment results | Marketing Support Business Net Sales ¥418 million / Operating profit ¥-8 million / Year on year against the same period last year Prior-year revenue was ¥451 million and operating profit was -¥146 million / Global Information and Communications Business Net Sales ¥472 million / Operating profit ¥31 million / Year on year against the same period last year Prior-year revenue was ¥477 million and operating profit was ¥29 million / Commerce Business Net Sales ¥84 million / Operating profit ¥-44 million / Year on year against the same period last year Prior-year revenue was ¥195 million and operating profit was -¥19 million / Digital Asset and Web3 Business Net Sales ¥124 million / Operating profit ¥19 million / Year on year against the same period last year Prior-year revenue was ¥0 million and prior-year operating profit was ¥0 million |
| Breakdown of Factors Affecting the Change | Factors behind the revenue decline: reduced advertising budgets from major clients, lower customer acquisition following changes to social media algorithms, and the absence of the previous year's event-related surge. Factors behind the improvement in the operating loss: higher gross margin and cost optimization. Amounts by factor: Not disclosed. |
| Key KPIs | Indicator name Inaccessible Bitcoin / Value 370 10,000 BTC / Year on year against the same period last year Not disclosed, Indicator name Market size for digital asset recovery needs / Value ¥60 trillion / Year on year against the same period last year Not disclosed, Indicator name Number of accepted project proposals / Value More than 50 / Year on year against the same period last year Not disclosed, Indicator name Number of basic agreements concluded / Value 4 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of final agreements concluded / Value 3 Engagements / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | The outlook assumes that the peak period for school excursions will be in the fourth quarter, orders will exceed the previous year, and large-scale unlock projects will be undertaken through Bitcoin Saver, a digital asset recovery service. Numerical assumptions: Not disclosed. |
| Medium-term management plan targets | By around 2028, the company aims to achieve revenue of ¥10 billion (Ureru100) and a market capitalization of at least ¥25 billion. |
| Orders received and order backlog | Total value of orders received 45 Hundreds of millions of yen / Performance-based fees (revenue) 18 Hundreds of millions of yen |
| Market Size / Share | Market Size ¥60 trillion / Inaccessible Bitcoin 370 10,000 BTC |
| New initiatives | Introduction and expansion of TikTok live commerce and TikTok Shop, Establishment of new sales channels, Expansion of the digital asset recovery business through Bitcoin Saver, M&A involving the SOBA Project, ADWAYS CHINA/ASIA, Step Y's and パロットビーク |
Items this document does not state (15)
Ordinary incomeNet incomeOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresKey points of the Q&A
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.Revenue declined due to reduced advertising budgets from major clients in the Marketing Support Business, lower customer acquisition following changes to social media algorithms in the Commerce Business, and the absence of the event-related surge recorded in the previous year in the Global Information and Communications Business. Although some M&A-related expenses were incurred ahead of schedule, the operating loss improved as a result of a higher gross margin and progress in cost optimization.
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.