Sakura Internet's GPU infrastructure services brought in ¥10.12bn in the half-year to September 2026, up 258.9%, and became the company's largest revenue category, ahead of cloud services at ¥8.07bn (up 7.5%). Group sales rose 46.0% to ¥22.83bn.
From loss to profit
The half-year report shows an operating profit of ¥2.96bn, against an operating loss of ¥920.8mn a year earlier. Ordinary profit was ¥3.01bn (a ¥811.8mn loss before), and profit attributable to owners of the parent was ¥1.90bn (a ¥626.8mn loss). Sakura credits high utilisation of GPUs bought last year and better unit pricing, and says a large bare-metal generative-AI contract won last year is still in use alongside new orders. It does not name the customers. Depreciation, server maintenance and staff costs rose but were outweighed by the sales gain. Depreciation and amortisation in the cash flow statement was ¥6.02bn, against ¥3.25bn a year earlier. Other categories were weaker: physical infrastructure fell 13.6% to ¥1.36bn and other services fell 12.3% to ¥3.27bn.
The bill for more capacity
Cash from operations was ¥10.84bn, and investing outflows fell 79.0% to ¥4.72bn. Interest-bearing debt, including borrowings and lease obligations, stood at ¥39.49bn against ¥19.43bn of cash. Lease obligations rose with the Ishikari data center expansion.
The filing lists a planned ¥26bn investment at the Ishikari data center in GPU equipment, network gear and storage, started in July 2026. Nothing had been paid by period end and no completion date is set. Funding is to come from subsidies, borrowing and own funds. A ¥17bn container data center project at the site had ¥10.86bn paid so far. These are plans, not deployed capacity.