Japan Communications Inc. [9424.T]
TOKYO, May 07 (Pulse News Wire) – Japan Communications Inc. (9424.T) reported higher revenue and operating profit for the fiscal year ended March 31, 2026, compared to the previous fiscal year.
However, net profit declined due to impairment losses recognized by its subsidiary my FinTech Co., Ltd. For the fiscal year ending March 31, 2026, Japan Communications recorded revenues of ¥11.51 billion, up from ¥9.064 billion in the prior year, marking a growth rate of 27.0%. Operating profit also increased to ¥1.294 billion from ¥1.099 billion previously, representing a rise of 17.7%. Despite the positive performance in revenue and operating profit, the company's net profit was ¥394 million from ¥902 million last year, reflecting a decrease of -56.3%. This decline was attributed to significant impairment losses related to assets held by my FinTech Co., Ltd., leading to substantial reductions in the fair value of equity investments in two subsidiaries. In addition, the consolidated results showed similar trends.
Consolidated revenue grew to ¥11.63 billion from ¥9.238 billion in the previous year, while operating profit fell to ¥1.134 billion from ¥962 million. However, the parent company’s share of net profit dropped to ¥763 million from ¥849 million, indicating a reduction of -10.1%. Japan Communications attributes the improved individual performance primarily to the continued strong demand for its “Japan Communications SIM” brand services, which offer call plans and quasi-flat-rate mobile communication packages since July 2025. The company expanded product specifications to maintain competitive edge, resulting in steady growth in contract lines for both individuals and businesses. Additionally, partnerships contributed to the expansion of voice communication service contracts, driving growth in MVNO and MVNE operations. Since its establishment in 1996, Japan Communications has been a pioneer in the MVNO market, focusing on simple and rational mobile communication services.
Leveraging patented technologies such as closed-domain SIM-to-SIM communications and digital authentication technology FPoS, the company aims to build secure cross-border social infrastructure, striving for sustainable growth and enhancing enterprise value.
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