GRCS Reports Progress Toward Maintaining Listing Standards Amid Continued Losses

TOKYO, Jul 15 (Pulse News Wire) – GRCS Inc. (9250.T) reported progress toward meeting Tokyo Stock Exchange listing standards based on its plan disclosed on February 26, 2026.

As of the end of November 2025, the company was non-compliant with the exchange's net asset requirement. In the second quarter of fiscal 2026, revenue reached ¥1.743 billion (up 8.8% year-over-year), while operating losses stood at ¥48.4 million compared to ¥95.9 million in the same period last year. Ordinary losses amounted to ¥60.7 million versus ¥109.7 million previously, and net losses attributable to parent shareholders were ¥57.1 million against ¥84.4 million in the prior year. By the end of the second quarter, net assets had increased to ¥4.0 million from -¥95.9 million at the previous reporting period. The company implemented capital strengthening measures through the exercise of warrants and third-party allotment share issuance, as outlined in its April 14, 2026 update.

Additionally, partial warrant exercises during the second quarter and improved profitability contributed to a net asset total increase of ¥99.9 million. Debt-to-equity ratio issues have been resolved, but ongoing efforts to stabilize the financial foundation remain crucial. Collaborative projects with Fixstars Corporation continue smoothly, focusing on enhancing product capabilities and improving revenue structures. Looking ahead, GRCS plans to advance four key growth strategies: accumulating specialized knowledge, implementing AI standardization, expanding trading partnerships, and building stock-based income streams. The company remains committed to pursuing capital enhancement initiatives until November 30, 2026, aiming to meet listing requirements.

Quarterly updates on these efforts will be provided moving forward.