Wedge Holdings CO.,LTD.
2388・Growth Market・Other Financing Business
Content Business
The company's sole reportable segment, centered on the planning, development, and editing of entertainment content
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (H1 FY2026, ending March 2026, cumulative) | ¥494 million | ¥401 million (H1 FY2025, cumulative) | ↑ |
| Segment profit (H1 FY2026, cumulative) | ¥134 million | ¥126 million (H1 FY2025, cumulative) | ↑ |
| Net sales (FY2025, full year) | ¥764 million | — | — |
| Segment profit (FY2025, full year) | ¥215 million | — | — |
| Net sales (Q1 FY2026) | ¥186 million | — | — |
| Segment profit (Q1 FY2026) | ¥32 million | — | — |
| Order backlog (end of FY2025) | ¥87,157 thousand | — | ↑ |
Business Details
The company operates with a distinctive presence in the field of content product planning and development, spanning game planning and development, planning and editing of entertainment-related books and e-books such as manga, anime, and games, and the productization and event-ization of content. Domestically, the segment comprises the Unicorn Business Division, Hobby Business Division, Brain Navi Japan Business Division, Content Business Planning Promotion Office, and Jusou Shinsha Co., Ltd. Overseas expansion into Vietnam, Indonesia, and Thailand is also underway. Major customers are Konami Digital Entertainment (28.1% of net sales), Shueisha (19.7%), and Bandai (12.5%).
Recent Overview
In H1 FY2026, the Content Business achieved higher sales and profit, with net sales up 23.2% year on year
In the Content Business for H1 FY2026 (October 2025 to March 2026), net sales were ¥494 million (up 23.2% year on year) and segment profit was ¥134 million (up 6.4% year on year), representing both higher sales and higher profit. This was mainly due to steady order intake for game planning and development and book editing, combined with strong royalty income. Although personnel expenses and expenses for new business investment increased, the increase in sales outweighed these costs, resulting in profit growth. By region, Japan accounted for the majority at ¥476 million, while overseas operations also contributed, with Indonesia at ¥8 million, Vietnam at ¥31 million, and Thailand at ¥10 million. The reportable segment has been changed to the single segment of "Content Business."
Key Products
Growth Drivers
- Steady order intake for game planning and development and book editing (net sales in H1 FY2026 up 23.2% year on year)
- Strong royalty income (contributed to profit growth in H1 FY2026)
- Expansion of overseas operations in Southeast Asia (Vietnam, Indonesia, Thailand), with Indonesia net sales rising approximately 8.7-fold year on year
- Order backlog increased 186.88% from the previous fiscal year-end to ¥87,157 thousand, expected to contribute to future sales
- Continued improvement in profitability through business selection and concentration and fixed-cost optimization over more than a decade
- Investment-related expenses in new businesses expected to contribute to profit over the long term
Risks
- Risk of significant fluctuations in net sales due to the hit-or-miss nature of content titles (a main reason the company does not disclose earnings forecasts)
- Risk of fluctuation in royalty income (profit levels vary significantly between strong and weak periods)
- Rising fixed costs from increased personnel expenses and investment in new businesses (SG&A expenses also increased in H1 FY2026)
- Litigation-related expenses at equity-method affiliate Group Lease PCL. continuing to adversely affect consolidated ordinary income/loss (equity in loss of affiliates of ¥317 million in H1 FY2026)
- Possibility of additional equity-method investment losses arising from license revocation and liquidation proceedings against GL Finance PLC. by the National Bank of Cambodia
- Uncertainty from ongoing litigation in multiple countries (Thailand, Singapore, Japan) brought by JTRUST ASIA PTE. LTD., including a new lawsuit filed in June 2025 seeking approximately 7,169 million Thai baht
Last updated: December 26, 2025