Source disclosure: January 30, 2026
ACCESS CO.,LTD. [4813.T]
TOKYO, Jan 30 (Pulse News Wire) -- ACCESS Co., Ltd. (4813.T), led by President and CEO Seigo Oishi, announced on Monday that it is withdrawing its previously disclosed consolidated earnings forecast for the fiscal year ending January 31, 2026. The company's board meeting held on January 30 decided to revise the forecast due to ongoing discussions regarding accounting treatment related to a contract signed with Evollabs Tech FZ-LLC, an entity based in the United Arab Emirates.
The initial forecast released on June 30, 2025, had projected consolidated sales of ¥20.5 billion, operating income of ¥700 million, ordinary income of ¥900 million, and net income attributable to shareholders of ¥1,400 million, which translates to ¥37.23 per share. However, these figures have now been replaced with "undetermined" values across all categories as the company awaits further conclusions on the accounting treatment of the transaction.
ACCESS entered into a three-year licensing agreement and service contract worth $70 million with Evollabs Tech FZ-LLC in December 2025. This deal was already factored into the previous earnings forecast. However, the complexity and scale of the transaction have necessitated careful review, leading to uncertainty about revenue recognition in the current fiscal period. There is a growing likelihood that revenue recognition will shift towards future periods, potentially reducing this fiscal year’s reported sales and impacting lower-tier profit metrics significantly.
Additionally, while $30 million of the payment schedule was due in 2025, only $3.75 million has been paid since January 5, leaving $16.25 million outstanding. The company has confirmed delays in payments through communication with Evollabs Tech FZ-LLC and continues to work diligently toward recovery. ACCESS stated that it would promptly disclose any significant developments related to this matter moving forward. CFO Ben Yoshio can be reached at +81-3-6853-9088 for further inquiries.
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