TOKYO, May 14 (Pulse News Wire) – OKWEB Inc. (3808.T) reported a revenue increase of 29.5% to ¥201 million for the third quarter ending March 31, 2026, compared to the same period last year.
The boost was driven by the acquisition of Media Remake Corporation (MR Corp.) and larger web promotion projects. Operating expenses rose by 42.5%, primarily due to increased hiring efforts and costs associated with the MR Corp. acquisition. The company also revised its earnings forecast, projecting lower sales ranging from ¥270 million to ¥300 million for the fiscal year ending June 2026, citing challenges in securing large contracts and ongoing restructuring efforts.
Despite the higher expenses, net assets increased to ¥468 million, reflecting capital increases and asset management strategies aimed at supporting future growth. Additionally, OKWEB completed a share exchange with Jinen Co., Ltd., making it a wholly-owned subsidiary. The transaction involved delivering approximately 76.95 shares of OKWEB stock for each share of Jinen. Jinen's financial highlights for the fiscal year ended May 2025 included total assets of ¥16 million, sales of ¥17 million, and operating profit of ¥1.8 million.
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