MediaSeek (4824) announced its consolidated financial results for the fiscal year ending June 2024 on the 9th. Revenue decreased by 0.6% compared to the previous year to ¥0.864 billion, operating profit increased by the same 48.7% to ¥0.061 billion, ordinary profit increased by the same 158.6% to ¥0.202 billion, and net income attributable to parent company shareholders increased by the same 98.5% to ¥0.119 billion.
Sales of the "Corporate DX" business unit were ¥0.328 billion, up 13.6% year on year, and segment profit was ¥0.151 billion, up 52.4% year on year. Although individual and one-off order contracts were mainly done in the past, the promotion of long-term, continuous, and extensive digitalization support based on maintenance and quasi-delegation contracts has led to a stable increase in sales.
Sales of the "Image Analysis and AI" business unit were ¥0.206 billion, down 27.3%, and segment profit was ¥0.038 billion, down 62.5%. The decrease in sales and segment profit was due to a decrease in sales of the main product, the "Barcode Reader/Iconit".
Sales of the "Lifestyle DX" business unit were ¥0.325 billion, up 10.0%, and segment profit was ¥0.111 billion, up 23.1%. Sales from the company's online platform "MyClass" and "MyClass Remote" were recorded. The number of introduction clients for "MyClass" is 37 companies, and the fixed monthly usage fee is ¥7,956.
Sales of the "Brain Tech and DTx" business unit increased by the same 229.1% to ¥3.974 million, and the segment loss was ¥46.945 million (compared to a loss of ¥41.486 million in the same period last year). Sales were recorded from apps utilizing the brain tech engine "ALPHA SWITCH" developed in-house, as well as various consulting services. The business is in the phase of starting up and not yet in the phase of generating full sales.
Sales of the "Venture Incubation" business unit generated some sales and profits in this consolidated fiscal year, but it is difficult to separate them from the expenses generated by the entire company management department and the sales and segment profit recorded by the "Corporate DX" business unit, so the unit includes the value. Of the other securities valuation reserve differences recorded in this consolidated fiscal year, ¥0.803 billion is due to the unit's activities.
On the same day, the company decided to carry out a stock exchange for complete parent-subsidiary relationship with Japan Living Guarantee, with the complete parent company being the company and the complete subsidiary being Japan Living Guarantee (effective from November 1, 2024). This stock exchange is subject to approval at the regular general meeting of shareholders scheduled to be held in September 2024, and as a result, the company's common stock is scheduled to be delisted as of October 30, 2024, and no performance or dividend forecast for the fiscal year ending June 2025 is provided.