Latest Tokyo Brief coverage on FreeBit Co., Ltd., tracking filings, financial news, and market signals from Japan.
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FreeBit still can't say when its next earnings report, its overdue annual results, or its securities filing will land, as a committee's review of the CountUp acquisition continues without a set end date.
FreeBit says a special committee probing its 2025 CountUp acquisition may not wrap up in time for the company to get its audit report and file by the July 31 statutory deadline, so it is weighing an extension request to the Kanto Local Finance Bureau.
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.