TOKYO, Apr 15 (Pulse News Wire) – Alink Internet,inc. (7077.T) amended its Q2 earnings report filed on April 14, correcting discrepancies in cash flow statements and impairment losses.
In the revised report, the company’s cash and cash equivalents decreased by ¥288.0 million compared to the previous fiscal year-end, ending at ¥455.4 million. Operating activities consumed ¥158.0 million more funds than last year's inflow of ¥255.3 million. Impairment losses increased to ¥176.8 million and ¥72,000 for intangible assets, reflecting strategic shifts and higher upfront costs associated with aggressive expansion initiatives.
Additionally, the firm adjusted its revenue model priorities, focusing on expanding user engagement rather than immediate app monetization. This shift led to higher investment costs and resulted in additional impairment losses of ¥9.5 million for dynamic pricing operations. For the upcoming fiscal year, ALiNK expects sales to decrease slightly but anticipates achieving profitability through improved operational efficiency across various segments.
The company projects revenues of ¥960 million with operating income of ¥52 million, marking a significant turnaround from last year's loss of ¥94 million.
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