Green Monster Inc.

Green Monster Inc. operates under the mission of "changing awareness and behavior toward money," focusing primarily on the development and operation of experiential investment-learning smartphone apps for investment beginners (FX Navi, Kabutasu, Toushika). Its consolidated subsidiaries include Financial Intelligence Co., Ltd. (made a subsidiary in August 2024), which operates the investment school "Toushi no Gakko Premium," and FP Consulting Co., Ltd., which provides financial planning services to corporations and individuals, bringing the total group to four companies. The company targets the roughly 70% of the population who are investment novices, and is expanding its business on the back of the spread of the new NISA program and the government's plan to double asset-based income. The company listed on the Tokyo Stock Exchange Growth Market in March 2024.

In the experiential investment education business, the company provides an app to users free of charge, and receives a success fee via an ASP (Affiliate Service Provider) when a securities firm or FX company account is opened through the app. The main business partner is Lombard Co., Ltd., which accounted for 62.6% of net sales in FY2025 (ended June 2025). In the asset formation support business, revenue sources include fees for paid courses and seminars at the investment school, advisory contract and seminar fees for corporations and associations, and fees for FP (financial planner) services for individuals. The business model is characterized by a structure that brings benefits to three parties: users, securities firms, and the company.

Cumulative sales for the first nine months (July 2025–March 2026) were ¥1,450 million (+3.0% year-on-year), maintaining a slight increase, but both cost of sales and SG&A expenses expanded, causing the company to fall into an operating loss of ¥113 million (versus operating income of ¥71 million in the same period of the prior year). EBITDA also deteriorated sharply to ¥-70 million (versus +¥105 million in the same period of the prior year). In addition, extraordinary losses of ¥30 million in impairment losses and ¥17 million in loss on sale of subsidiary shares were incurred, expanding quarterly net loss attributable to owners of the parent to ¥125 million (versus net income of ¥43 million in the same period of the prior year). On the financial side, goodwill surged to ¥506 million (¥227 million at the end of the previous fiscal year) due to a business transfer, and with the new procurement of ¥300 million in short-term borrowings, total liabilities doubled to ¥761 million (¥391 million at the end of the previous fiscal year). The equity ratio declined from 78.5% to 62.9%. As an external factor, rising volatility in the equity markets and heightened geopolitical risk have worsened investor sentiment, and combined with FX Navi's policy of restraining volume, this is constraining the recovery in earnings of the experiential investment education business.