SuRaLa Net Co.,Ltd.
3998・Growth Market・Information & Communication
Contract Development Business / App Development Business (Other)
A small segment complementing the e-learning business, accounting for only a minor share of consolidated revenue.
| Period | Current | Previous | Change |
|---|---|---|---|
| Combined revenue of both segments (full year FY2025, ending December 2025) | ¥84,636 thousand | Not disclosed | ↑ |
| Segment-level profit/loss | Disclosure omitted (as the e-learning related business accounts for over 90% of total segment revenue and operating profit/loss) | Similarly omitted | — |
Business Details
The Contract Development Business is operated by Phantomstick Co., Ltd., which provides contract development of educational content and apps, along with related maintenance and support services. The App Development Business offers a subscription-based model for educational apps leveraging gamification, distributed via the App Store and other platforms. As the combined revenue of these two segments accounts for only a minor share of total segment revenue (with the e-learning related business exceeding 90%), disclosure of segment-level profit/loss has been omitted.
Recent Overview
Segment-level disclosure continued to be omitted in Q1 FY2026 (ending December 2026); individual figures remain undisclosed.
In the first quarter of FY2026 (ending December 2026) (January to March 2026), disclosure of segment-level revenue and profit/loss for the Contract Development Business and App Development Business continued to be omitted, as their combined share of total segment revenue remained minor. Consolidated total revenue was ¥467 million (down 2.5% year on year), and operating profit was ¥5 million (down 83.8% year on year), primarily attributed to a decline in the number of contracts with certain major private education market chains and unit price effects associated with changes in the composition of services introduced.
Key Products
Growth Drivers
- Revenue contribution from capturing demand for educational content in the Contract Development Business
- Accumulation of recurring billing income through the subscription-based model of the App Development Business
- Creation of synergies in the education ICT domain through collaboration with the e-learning business
Risks
- Risk of continued impairment losses at Phantomstick Co., Ltd. (goodwill impairment of ¥76 million recorded in FY2024, and software impairment of ¥36 million in FY2025)
- Structural high dependence on the e-learning business, as the revenue scale of both segments is minor
- High revenue volatility in the Contract Development Business due to dependence on customer development demand
- Securing and developing personnel with specialized expertise and skills remains a challenge
Last updated: March 27, 2026