Ekitan & Co., Ltd.
3646・Growth Market・Information & Communication
Mobility Support Business
Core segment of the group developing mobility-related services centered on transit navigation
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue | ¥1,313 million | ¥1,424 million | ↓ |
| Segment profit | ¥192 million | ¥318 million | ↓ |
| EBITDA | ¥261 million | ¥352 million | ↓ |
| Depreciation and amortization | ¥69 million | ¥34 million | ↑ |
| Increase in tangible and intangible fixed assets | ¥78 million | ¥102 million | ↓ |
| Segment assets | ¥271 million | ¥532 million | ↓ |
Business Details
A mobility-related business operated by Ekitan Co., Ltd. and Latella International Co., Ltd. This includes paid subscriptions and advertising sales for Ekitan.com (transit navigation service), content provision to other companies' portals, ASP provision to mobile carriers, railway companies, and map companies, MaaS-related services for local governments, BTOnline (ticketless business trip booking system), travel guidebook production and travel-related promotion, and more. The segment also pursues expansion of advertising revenue leveraging its domestic media platform and inbound sales support, but revenue continues to decline due to the termination of transportation information services for major clients and a decrease in paid subscribers.
Recent Overview
Continued termination of services for major clients and decline in paid subscribers led to a significant decrease in revenue and profit
For FY2026 (ending March 2026), segment revenue was ¥1,313 million (down 7.8% year on year), segment profit was ¥192 million (down 39.8% year on year), and EBITDA was ¥261 million (down 26.1% year on year). The termination of transportation information services for major clients and the decline in paid subscribers for the transit navigation service continued. Although advertising revenue expansion, MaaS Package development, and inbound sales support contributed to revenue, the heavy fixed cost burden caused profitability to deteriorate significantly following the revenue decline. In addition, an impairment loss was recognized on intangible fixed assets such as software (assets allocated to the Mobility Support Business: tools, furniture and fixtures ¥12,307 thousand, software ¥220,833 thousand, software in progress ¥20,616 thousand).
Key Products
Growth Drivers
- Expansion of advertising revenue leveraging the domestic media platform (increase in PV, UU, and advertising revenue through enhancement of regional and mobility content)
- New revenue contribution from the addition of a Shinkansen ticket sales service
- Expanded development of MaaS Package for local governments and regional operators
- Increased orders for promotional projects targeting inbound visitors to Japan, capturing inbound demand
- Active expansion into BtoB business utilizing various transportation data and expertise (based on the new medium-term management plan)
- Reduction of depreciation burden and improvement of cost structure from FY2027 (ending March 2027) onward following completion of impairment processing
Risks
- Continued decline in paid subscribers due to commoditization of the transit navigation service
- Structural decline in revenue due to termination of information services for major clients
- Difficulty in reducing fixed costs required to maintain the high technology and accurate information necessary for service provision
- Risk of substitution of the transit navigation service due to advances in AI technology
- Limits to offsetting declining profitability from the decrease in paid subscribers through cost control alone
- Risk that new initiatives (BtoB, inbound, etc.) based on the new medium-term management plan will take time to become profitable
Last updated: June 29, 2026