HEROZ, Inc.
4382・Standard Market・Information & Communication
AIX Business (formerly AI/DX Business)
Core segment driving AIX through both BtoC and BtoB using AI/SaaS technology
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (full year, FY2026 (ending April 2026)) | Not disclosed (this restatement pertains only to the cash flow statement; segment performance figures are not stated in this PDF) | ¥3,272 million (FY2025 (ending April 2025)) | ↑ |
| Segment profit (full year, FY2026 (ending April 2026)) | Not disclosed (this restatement pertains only to the cash flow statement; segment performance figures are not stated in this PDF) | ¥776 million (FY2025 (ending April 2025)) | ↑ |
| Cash flow from operating activities (consolidated, FY2026 (ending April 2026), post-restatement) | ¥648 million | ¥219 million (FY2025 (ending April 2025)) | ↑ |
| Cash flow from investing activities (consolidated, FY2026 (ending April 2026), post-restatement) | △¥21 million | △¥479 million (FY2025 (ending April 2025)) | ↑ |
| Cash and cash equivalents at period-end (consolidated, FY2026 (ending April 2026)) | ¥3,367 million | ¥3,145 million (FY2025 (ending April 2025)) | ↑ |
| HEROZ ASK ARR (as of January 2026) | ¥130 million | － | ↑ |
| Unamortized goodwill balance (end of FY2025 (ended April 2025)) | ¥909 million | － | — |
Business Details
A segment aiming to promote AIX for each company and industry by providing AI-related solutions, leveraging the AI/SaaS-related technologies, know-how, and data accumulated within the Group. In BtoC, the segment secures stable revenue centered on the shogi app "Shogi Wars" (Shogi Wars, over 6 million members). In BtoB, the segment operates HEROZ ASK (a generative AI assistant SaaS), JOINT iPaaS for SaaS, AI Sakura-san, AI solutions for contact centers, and inside sales support (VOIQ), among others. Group companies include Strategit, AI Square, Tiffana.com, and VOIQ.
Recent Overview
Corrected a misclassification in the cash flow statement; operating CF revised to ¥648 million and investing CF to △¥21 million
In the financial results announcement for FY2026 (ending April 2026) disclosed on June 12, 2026, it was found that the payment of contingent consideration of ¥55,165 thousand related to the acquisition of Tiffana.com Co., Ltd. had been mistakenly recorded under "cash flow from operating activities." The correct classification is under "cash flow from investing activities," and following the correction, operating CF was revised to ¥647,991 thousand (approximately ¥648 million) and investing CF to △¥21,237 thousand (approximately △¥21 million). It is stated that there is no material impact on the consolidated balance sheet, income statement, statement of comprehensive income, or statement of changes in shareholders' equity. Note that this correction PDF does not include segment-specific performance figures, and the latest revenue and profit figures for the AIX Business segment alone cannot be determined from this document.
Key Products
Growth Drivers
- Increase in the number of BtoB projects and inquiries, and acquisition of large-scale projects, accompanying the shift from the pilot phase to full-scale adoption of generative AI/AI agent investment
- Growth in HEROZ ASK's ARR (surpassed ¥130 million as of January 2026) and continued increase in the number of client companies and IDs
- Significant year-on-year increase in the number of sales meetings and improved sales efficiency due to the establishment of VOIQ's inside sales function
- Increase in Shogi Wars' MAU and number of matches (effect of new services and content such as Sprint Mode and Season Pass)
- Continued expansion of recurring revenue from JOINT iPaaS for SaaS and AI Sakura-san
Risks
- Risk of delayed response to the rapid evolution of AI/SaaS-related technologies (intensifying technological competition with major domestic and overseas IT companies)
- Risk of impairment related to goodwill and software at group companies (e.g., Strategit); an impairment loss of ¥96,987 thousand was recorded on Strategit's software in FY2025 (ended April 2025)
- Risk of delayed revenue recognition progress in the BtoB domain due to timing discrepancies in contract commencement, among other factors
- Difficulty in securing talented AI/SaaS personnel (intensifying recruitment competition)
- Risk of fluctuation in shogi popularity and user engagement in BtoC services
- Risk of additional payments related to contingent consideration for Tiffana.com and others (fluctuations in M&A consideration)
Last updated: July 23, 2026