TOKYO, May 22 (Pulse News Wire) – Wirelessgate,inc. (9419.T) reported strong performance for its fiscal 2026 first quarter ended March 31, with revenue up by 35.6% compared to the same period last year and operating profit doubling.
The growth was driven by increased contributions from subsidiary FREEDiVE, which saw sales of approximately ¥480 million. Additionally, WirelessGate's own operations showed robust growth, with sequential monthly net additions since January indicating positive momentum. In terms of profitability, the company attributed the significant increase in operating profit to higher revenues and improved operational efficiency post-investment in digital marketing initiatives. Despite this, the company forecast a decline in net profit due to additional deferred tax asset adjustments made in the previous year.
Regarding future outlook, while maintaining the current guidance for the full fiscal year—projecting revenue growth of 31.8% and operating profit growth of 151.3%—the company stated that it would reassess based on evolving market conditions and investment scenarios. WirelessGate also detailed plans to enhance cross-selling opportunities within the group through collaborative efforts aimed at leveraging existing customer bases. Furthermore, the company adjusted its reporting segment to reflect a strategic shift towards Wi-Fi and global eSIM connectivity services, recognizing the growing importance of the latter in light of recovering travel demand and expanding overseas needs. On shareholder returns, the firm expanded its shareholder benefits program effective June 30, aiming to encourage long-term shareholding.
While dividend payments remain under consideration, the decision will depend on future earnings trends, financial health, and available retained earnings.
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