Consolidated results for the second quarter (interim period) of the fiscal year ending December 2026
ビート・ホールディングス・リミテッド and the Group, including consolidated subsidiary GINSMS Inc.
Licensing business, messaging business, investment business, cryptoassets including Bitcoin, and related ETFs (BTC)
Cash flow conditions are extremely tight, and the Company lacks sufficient funds to repay existing debt. It is expected to be difficult to cover working capital and other expenses with revenue from the licensing and messaging businesses, and the exercise of stock acquisition rights has not progressed because of the recent decline in the share price.
Operating loss: US$1,445 thousand (¥235 million); ordinary loss: US$2,096 thousand (¥340 million); non-operating expenses (interest expenses): US$778 thousand (¥126 million); interim net loss attributable to owners of the parent: US$2,111 thousand (¥343 million); comprehensive loss: US$7,622 thousand (¥1,238 million)
Second quarter (interim period) of the fiscal year ending December 2026 (1 January 2026 to 30 June 2026)
The full-year forecast for the fiscal year ending December 2026 states revenue of US$943 thousand, an operating loss of US$4,076 thousand, an ordinary loss of US$5,081 thousand, and a net loss attributable to owners of the parent of US$5,082 thousand. The main text states only “Yes/No” regarding whether the earnings forecast has been revised, so this cannot be determined.
The Company will continue working to expand its licensing and messaging businesses while continuing its investment business. It will proceed with investments in BTC, partial debt repayments, and securing working capital for the foreseeable future, while also considering extending the repayment deadlines for borrowings and other debt and raising additional funds. Over the longer term, it aims to establish a foundation for recording investment gains and achieve profitability.
| Item | Details |
|---|---|
| Event name | Consolidated results for the second quarter (interim period) of the fiscal year ending December 2026 |
| Date of occurrence | 30 June 2026 (end of the interim consolidated accounting period) |
| Subject Entity | ビート・ホールディングス・リミテッド and the Group, including consolidated subsidiary GINSMS Inc. |
| Target Locations / Products | Licensing business, messaging business, investment business, cryptoassets including Bitcoin, and related ETFs (BTC) |
| Cause | Cash flow conditions are extremely tight, and the Company lacks sufficient funds to repay existing debt. It is expected to be difficult to cover working capital and other expenses with revenue from the licensing and messaging businesses, and the exercise of stock acquisition rights has not progressed because of the recent decline in the share price. |
| Amount of Impact on Business Performance | Operating loss: US$1,445 thousand (¥235 million); ordinary loss: US$2,096 thousand (¥340 million); non-operating expenses (interest expenses): US$778 thousand (¥126 million); interim net loss attributable to owners of the parent: US$2,111 thousand (¥343 million); comprehensive loss: US$7,622 thousand (¥1,238 million) |
| Accounting period in which recognized | Second quarter (interim period) of the fiscal year ending December 2026 (1 January 2026 to 30 June 2026) |
| Impact on Earnings Forecast | The full-year forecast for the fiscal year ending December 2026 states revenue of US$943 thousand, an operating loss of US$4,076 thousand, an ordinary loss of US$5,081 thousand, and a net loss attributable to owners of the parent of US$5,082 thousand. The main text states only “Yes/No” regarding whether the earnings forecast has been revised, so this cannot be determined. |
| Outlook | The Company will continue working to expand its licensing and messaging businesses while continuing its investment business. It will proceed with investments in BTC, partial debt repayments, and securing working capital for the foreseeable future, while also considering extending the repayment deadlines for borrowings and other debt and raising additional funds. Over the longer term, it aims to establish a foundation for recording investment gains and achieve profitability. |
Items this document does not state (16)
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 Company cited extremely tight cash flow and insufficient funds to repay existing debt, the expected difficulty of covering working capital and other expenses solely through revenue from its licensing and messaging businesses, and the fact that the exercise of stock acquisition rights has not progressed because of the recent decline in the share price. It did not explicitly state the direct factors behind the year-on-year changes in revenue and losses.