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FreeBit raises sales and operating profit outlook, but CountUp investigation keeps final numbers open

FreeBit lifted full-year sales guidance to ¥62.5bn from ¥60.0bn and operating profit to ¥6.65bn from ¥6.1bn, citing stronger MVNO support, broader apartment internet services and higher affiliate transaction volumes. Ordinary profit and net income stayed at ¥5.77bn and ¥3.5bn because the CountUp investigation and audit are still ongoing, and the company said the financial statements will move to a later continued session after the July 23 shareholder meeting.

Jun 18, 20262 min read
Editorial illustration of telecom network equipment and apartment broadband hardware with rising data lines and a paused status light.

FreeBit has raised its outlook for the year to April 2026, but only up to operating profit. The company now expects net sales of ¥62.5bn and operating profit of ¥6.65bn, up from ¥60.0bn and ¥6.1bn previously. Ordinary profit stays at ¥5.77bn and net income attributable to owners of parent stays at ¥3.5bn, because management says the ongoing special investigation and the audit could still change those figures.

FreeBit forecast revision at a glance
Source: company guidance revision. Ordinary profit and net income were left unchanged pending the special investigation and audit.
MetricPrevious forecastRevised forecastChangePrior-year actual
Net sales¥60.0bn¥62.5bn+4.2%¥55.073bn
Operating profit¥6.1bn¥6.65bn+9.0%¥5.883bn
Ordinary profit¥5.77bn¥5.77bn0.0%¥5.230bn
Net income attributable to owners of parent¥3.5bn¥3.5bn0.0%¥2.748bn

On the operating side, FreeBit says all segments are tracking higher sales. It highlighted stronger MVNO support services in its 5G infrastructure support business, broader apartment internet services in its lifestyle business, and larger affiliate transaction volumes in its enterprise and creator DX business. The operating-profit raise also reflects solid performance in the first two businesses, which the company says has absorbed higher growth-investment costs elsewhere, helped by an improved SG&A ratio from more integrated group operations.

The awkward part is everything below the operating line. FreeBit says the special investigation committee is still reviewing matters related to its acquisition of CountUp, including the validity of the deal and the appropriateness of its decision-making process. Because that work, plus audit procedures, is still under way, the company has delayed its final results release and kept ordinary profit and net income at the old forecast for now.

That delay is now spilling into shareholder governance. FreeBit will still hold its annual shareholder meeting on July 23 and seek votes on seven directors, two auditors and the continuation of anti-takeover measures, but the business report, financial statements and audit reports will be pushed to a later continued session once the outstanding work is finished. Separately, the company nominated Yukiko Nozaki as a new auditor after outside auditor Hiroaki Yatabori resigned on June 18 for personal reasons.

The board also approved a ¥41 per share dividend, unchanged from its prior forecast, saying the payout would not exceed distributable amounts at the effective date even though the consolidated results are not yet final. For readers, the picture is unusually split: the connectivity and internet-service businesses look stronger than management expected, but the final audited scorecard is still pending.