Latest Tokyo Brief coverage on BlueMeme Inc., tracking filings, financial news, and market signals from Japan.
TSE:4069
An outside investigation found BlueMeme's former chief executive and former management-administration chief disguised a free transaction as a paid software licence to satisfy underwriter conditions for a since-abandoned 2020 listing, forcing provisional restatements across six fiscal years and a September 30 deadline for corrected filings.
BlueMeme plans to move its low-code and agile DX business into a wholly owned subsidiary on Oct. 1, rename the listed parent BlueMeme Group and let the operating unit take the BlueMeme name, provided shareholders approve the plan on June 26 and required clearances arrive. The company says the restructure is meant to address delays in disclosure and internal-management issues, while the impact on consolidated results should be minor because the business is staying inside the group.
BlueMeme barely changed revenue guidance for the year ending March 2026, trimming it to ¥3,299 million from ¥3,300 million. Profit took the hit instead: operating profit is now seen at ¥125 million versus ¥150 million, ordinary profit at ¥130 million versus ¥150 million, and net profit attributable to parent shareholders at ¥83 million versus ¥100 million. Management blamed heavier operating expenses from engineer recruitment, outsourced support while new hires are still in training, and higher hiring costs. The company also says the figures remain unaudited estimates, and its June 26 annual meeting will need a continuation session because audit procedures on the year's accounts are not yet complete.