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Hatena's missing cash turns a profit plan into a loss
Hatena finally put a price on missing money, while half the deck tried to prove growth still pays. Some did; a few found the bill below the line.
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lead
The Main Event
Hatena swings to loss outlook after 1,179 million yen funds-outflow charge
The company now expects a net loss of ¥767 million for the year ending July 31 after booking the current maximum identified damage from April's funds-outflow incident at ¥1,179 million as an extraordinary loss. A ¥357 million deferred-tax benefit softens the accounting hit, but Hatena still swung from a previous forecast for ¥101 million of profit, and it still has not disclosed how much money may be recovered or when the special investigation committee will report.
secondary
Earnings, warnings and one-offs
gumi stayed profitable, but crypto gains did much of the work
Sales in the year to April rose 2.7% to ¥9,183 million and ordinary profit edged up to ¥2,170 million, but operating profit fell 77.5% to ¥83 million and net income attributable to owners dropped 29.5%. Crypto valuation gains of ¥2,632 million helped bridge the gap, cash and equivalents fell to ¥3,393 million from ¥6,078 million, and the year-end dividend stayed at ¥0.00.
Astroscale’s project revenue jumps, but next year still points to losses
Project revenue rose 89.0% to ¥11.51 billion and IFRS revenue climbed 141.8% to ¥5.94 billion in the year to April, while operating loss narrowed to ¥9.98 billion and net loss to ¥6.70 billion. Cash and equivalents fell to ¥10.02 billion from ¥21.30 billion, and the coming-year outlook is still a loss-making range rather than a clean turn to profit.
Care 21 lifts core profit outlook, but home closure cuts net-income guide
The eldercare operator raised full-year sales, operating profit and ordinary profit guidance after stronger facility occupancy and tighter cost control, but cut net-income guidance to ¥50 million from ¥250 million. The reason sits below the line: a ¥527 million extraordinary loss tied to the planned closure of Pleasant Luxe Minami-Aoyama.
Liberaware cuts outlook as sewer-drone push delays paid work
The drone company now expects full-year sales of ¥1.7 billion to ¥1.9 billion, down from ¥2.22 billion, after devoting resources to free sewer surveys and demonstrations for municipalities. Delayed SBIR spending means the operating-loss range improved versus the previous plan, but the ordinary-loss range worsened as related subsidy income also shifts into next year.
Ridge-i lifts earnings outlook as larger AI projects widen margins
The company raised revenue guidance for the year ending July 2026 to ¥2,900 million from ¥2,800 million, but lifted operating and ordinary profit much more sharply, to ¥500 million from ¥345 million, on larger generative-AI projects, better utilisation and lower selling costs. Net profit also gets a one-off lift from an expected ¥79 million gain on the planned sale of Star Music Entertainment to SBI Holdings, subject to shareholder approval.
Fit Easy lifts profit outlook and annual dividend on member growth and lower costs
The fitness operator lifted full-year revenue and profit guidance after saying member growth at existing clubs and new in-club services ran ahead of plan, while operating costs came in lighter. It also raised its year-end dividend forecast to ¥25 from ¥20, taking the annual dividend view to ¥51.
Good Com Asset keeps ¥46 dividend plan after strong first-half earnings
Revenue for the six months to April rose 53.2% to ¥29,390 million and operating profit climbed 61.0% to ¥2,573 million, helped by fund formation and Livenup Group. Even so, management left its full-year targets unchanged and kept the annual dividend forecast at ¥46.00 a share.
Sogo Shoken cuts outlook as nengajo demand falls faster than planned
The company lowered full-year sales guidance to ¥15,700 million from ¥16,300 million and cut operating profit to ¥210 million from ¥355 million after saying demand for New Year's greeting-card printing is shrinking faster than expected. Promotional work held up, but earlier security investment and heavier spending on people pushed costs above plan.
H.I.S. sales rise with travel demand, but profit and cash flow weaken
First-half sales rose to ¥193.132 billion from ¥181.313 billion a year earlier, but ordinary income slipped to ¥6.197 billion and operating cash flow swung to a ¥3.428 billion outflow from a ¥1.367 billion inflow. A separate disclosure also points to about ¥6 billion of extraordinary loss in the third quarter tied to a Guam land purchase and lease cancellation.
NE plans ¥220 million sale of hometown-tax support business to Cyber Record
It plans to sell the business to Cyber Record for ¥220 million in cash, though the price remains provisional until the definitive agreement is signed. The unit generated ¥281 million of revenue in the year to April 2026, and NE said bigger entrants and municipality contract losses had made the market harder to defend.
Kobe Bussan grows first-half profit, keeps full-year outlook unchanged
Sales rose 5.1% to ¥286,172 million and operating profit increased 10.2% to ¥21,037 million in the six months to April, while net profit attributable to owners rose 15.7% to ¥16,501 million. Management nevertheless left full-year earnings guidance and its ¥32.00 dividend forecast unchanged.
Morpho cuts year outlook despite subsidy income, books ¥183 million of reform losses
First-half sales fell 24.8% to ¥1,152 million and the operating loss widened to ¥539 million, even after ¥39 million of subsidy income helped below the operating line. The company now expects a full-year operating loss of ¥350 million and a net loss of ¥520 million, after also booking ¥183 million of reform-related special losses.
Smaregi turns recurring revenue into faster profit growth and a bigger dividend
Revenue in the year to April rose 20.6% to ¥13.3 billion, but operating profit climbed 35.2% to ¥3.2 billion as monthly fees grew 31.7% and advertising and hiring costs were managed more tightly. Cash and equivalents ended April at ¥8.1 billion, the annual dividend rose to ¥24 a share, and the company plans ¥29 for the coming year.
quick hits
Quick Hits
Yossix authorizes buyback of up to 150,000 shares through March 2027
Read moreThe restaurant operator authorized market purchases of up to 150,000 shares, or 1.46% of shares outstanding excluding treasury stock, with a ¥500 million ceiling through March 31, 2027. Separately, May same-store sales rose 5.6% and all-store sales climbed 12.8%.
Crossfor lifts sales outlook and dividend as home market outshines exports
Read moreIt now expects ¥5.428 billion of sales, ¥78 million of operating profit and ¥70 million of ordinary profit for the year to July, and raised its planned year-end dividend to ¥0.63 a share from ¥0.35. Domestic proposal-based selling and bullion-related demand did the lifting, while overseas orders stayed softer.
Fidelity’s reported Inaba Denki stake rises to 9.43%
Read moreFidelity and four joint holders disclosed 5,319,726 shares, or 9.43%, up from 8.46% in the previous report. The trigger date was December 15, 2023, so this is an ownership update, not evidence of same-day buying.
Sakurasaku Plus pairs rising nine-month profit with a ¥300m buyback
Read moreNine-month net profit rose 14.6% to ¥834 million even as sales fell 5.4%, and full-year guidance was left unchanged. The board also approved a buyback of up to 106,700 shares worth ¥300.1 million via ToSTNeT-3.