FreeBit Co., Ltd.
3843・Prime Market・Information & Communication
5G Infrastructure Support Business
A B2B infrastructure segment supporting ISPs and MVNOs' telecommunications operations
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue (Cumulative Q3, FY2026 (ending April 2026)) | ¥8,832 million | ¥7,838 million (Cumulative Q3, FY2025 (ended April 2025)) | ↑ |
| Segment Profit (Cumulative Q3, FY2026 (ending April 2026)) | ¥1,467 million | ¥1,056 million (Cumulative Q3, FY2025 (ended April 2025)) | ↑ |
| Segment Revenue (Full Year, FY2025 (ended April 2025)) | ¥10,568 million | — | — |
| Segment Profit (Full Year, FY2025 (ended April 2025)) | ¥1,405 million | — | — |
Business Details
Comprised of three pillars: Business Support Services for ISPs, Business Support Services for MVNOs (MVNE), and Cloud Services for Corporations. This is a B2B-focused segment serving telecommunications carriers as customers, supporting MVNO operators' communication infrastructure and system operations as an MVNE. Against a backdrop of rising demand for both fixed-line and mobile services, MVNE scale expansion has progressed steadily, and profitability improvement is being driven by high-value-added corporate services and enhanced MVNO support.
Recent Overview
Expansion in MVNE service scale drove increased revenue and profit for the cumulative Q3 period
During the cumulative third quarter of the consolidated fiscal year ending April 2026 (May 2025 to January 2026), steady expansion in the scale of MVNE-based business support services for MVNOs resulted in segment revenue of ¥8,832 million (up 12.7% year on year) and segment profit of ¥1,467 million (up 39.0% year on year). Segment profit for the cumulative Q3 period has already exceeded the full-year segment profit of ¥1,405 million recorded in the prior fiscal year, reflecting a significant improvement in profitability.
Key Products
Growth Drivers
- Expansion in scale of MVNE-based business support services for MVNOs (revenue up 12.7% and profit up 39.0% year on year for cumulative Q3, FY2026 (ending April 2026))
- Increased mobile line usage driven by expansion of IoT-related and inbound demand
- Increased fixed-line usage accompanying the spread of rich content and the normalization of online meetings
- Medium-term expansion in demand for advanced communication infrastructure accompanying 5G adoption
- Group synergies (joint procurement and joint sales) from the capital and business alliance with SoftBank
- Profitability improvement through high-value-added corporate services and enhanced MVNO support
Risks
- Risk that the penetration of low-cost plans by major carriers affects the growth of independent MVNO operators, suppressing growth in MVNE demand
- Risk of profitability deterioration due to persistently high network costs for fixed-line networks
- Risk of profit margin pressure from increased costs related to improving communication quality and strengthening human resources
- Occurrence of technical coordination and device compatibility costs with MNOs toward the adoption of 5G StandAlone
- Uncertainty in the business environment due to trends in U.S. trade policy and heightened geopolitical risk
Last updated: July 23, 2025