ENVALITH
株式会社ALiNKインターネット logo

ALiNK Internet, INC.

7077・Growth Market・Services

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株式会社ALiNKインターネット logo
ALiNK Internet, INC.7077

Business

ALiNK Internet, Inc. was established in 2013 under the corporate philosophy of "turning future plans into fine weather." As a joint venture with the Japan Weather Association (a general incorporated foundation), the company operates "tenki.jp," a specialized weather forecast media platform, forming one of Japan's largest weather information platforms with approximately 5.3 billion PV annually (FY2026, ending February 2026). In addition to its core tenki.jp Business, the company operates content production for the regional revitalization IP "Onsen Musume" (IP Produce Business) through its subsidiary Embound Co., Ltd. (consolidated in May 2024), as well as a Solar Power Consulting and Dynamic Pricing Business (Other Businesses). The company is listed on the Growth Market of the Tokyo Stock Exchange. Its main customers are general consumers (media users) and advertiser companies.

Business Model

The majority of net sales derive from advertising revenue from tenki.jp, of which programmatic advertising accounts for over 80% of tenki.jp Business net sales. Advertising revenue is collected in a lump sum by the Japan Weather Association and distributed to the Company as a revenue share based on a business partnership agreement. The Company uses an in-house trading desk for ad network advertising to fine-tune ads in units of ¥0.01, maximizing revenue. The IP Produce Business adds revenue from merchandise sales and events, while Other Businesses add revenue from electricity sales and PoC (proof of concept) activities.

Company Strengths

"tenki.jp" is a weather forecast media specializing service that boasts 6.0 billion annual PV combined across PC, smartphone apps, and smartphone sites (FY2025 (ending February 2025) actual results), and 2.8 million followers on X (formerly Twitter). Supported by demand for weather information as a life infrastructure necessity, it continuously secures stable, large-scale traffic.

The company has fully internalized the trading desk function for ad network advertising, conducting ad tuning at ¥0.01 increments using cutting-edge ad technology, including overseas emerging products. Furthermore, its proprietary algorithm, "Weather Matching Advertising," which links with weather data, achieves ad optimization according to weather changes.

The original form of the service began in 1997, and since the company's establishment in 2013, it has continued a joint business based on a business alliance agreement. Through a division of roles in which the Japan Weather Association (868 employees, over 300 certified weather forecasters) handles weather data and content production while the company handles system operations and ad management, the company has built a business structure that is difficult for others to easily replicate.

ENVALITH's Perspective

In the first quarter of FY2027 (ending February 2027), the company posted revenue of ¥272 million (up 9.9% year on year) and operating profit of ¥17 million, turning positive from an operating loss of ¥8 million in the same period last year. However, the full-year forecast calls for revenue of only ¥960 million (down 5.4% year on year) and operating profit of ¥52 million, indicating the company remains in the process of recovering from FY2026 (ended February 2026) results of ¥1,016 million in revenue and a ¥95 million operating loss. The first-quarter progress rate stood at 28.3% for revenue and 33.0% for operating profit, and even allowing for seasonality, the likelihood of achieving the full-year targets warrants careful, cautious assessment.

The mainstay tenki.jp Business continued to see declining revenue, with first-quarter revenue of ¥139 million (down 5.5% year on year), as the business remains in transition toward an LTV model without having established an alternative revenue source to replace advertising income. The IP Produce Business posted a segment loss of ¥8 million due to persistently high cost ratios on merchandise and related items. Although this represents a significant improvement from a loss of ¥39 million in the same period last year, owing to the elimination of goodwill amortization burden, the business itself has not yet achieved profitability on a standalone basis. The structure in which overall group earnings depend on the high profitability of the Solar Power Consulting Business warrants continued monitoring from a sustainability perspective.

At the end of the first quarter of FY2027 (ending February 2027), the equity ratio stood at 74.3% (versus 75.4% at the previous fiscal year-end), indicating that financial soundness has been maintained. Cash and deposits increased by ¥63 million from the previous fiscal year-end to ¥518 million. On the other hand, short-term loans receivable of ¥984 million continue to account for over 52% of total assets, and investors should continue to monitor the collectability of these loans and the credit risk of the borrowers. The dividend forecast for FY2027 (ending February 2027) remains ¥0 per share for the year, meaning shareholders should not expect returns in the near term.

Growth Strategy

Revenue diversification through four pillars: transition to an LTV model, profitability of the IP business, expansion of the Solar Power Consulting Business, and development of the space produce business

Paid membership metrics and per-user revenue metrics have been set as KPIs, shifting the revenue structure away from advertising dependence toward a base of paid membership. As of 1Q, KPIs are tracking as planned, but tenki.jp Business net sales were down 5.5% year on year, indicating the transition is still underway. Cost efficiency improvements through AI utilization and in-house development are also being pursued in parallel.

Sales of Onsen Musume (Goods & Events) goods and event operations progressed favorably against plan. With the elimination of goodwill amortization and Pokakatsu App development expenses, the 1Q segment loss improved significantly, from ¥39 million in the same period of the previous year to ¥9 million. Resolving the persistently high cost-of-goods ratio for merchandise is key to achieving profitability. A strategic shift toward a fan-base strengthening model is being pursued to maximize LTV.

Revenue from electricity sales is generated through temporary holding of solar power generation facilities in the secondary market. In 1Q, holdings of power generation facilities remained at a high level, achieving high profitability with net sales of ¥48 million and segment profit of ¥46 million. The business was elevated to an independent reporting segment as of the end of the previous consolidated fiscal year, clarifying its position as a pillar of group earnings.

From the cumulative 1Q consolidated period, the business was renamed from "Dynamic Pricing Business" to "Space Produce Business (Rental Meeting Rooms & Photo Studios)" and its business format was expanded. Operations of rental meeting rooms and photo studios began in the greater Tokyo metropolitan area, recording net sales of ¥12 million (up 32.2% year on year). Due to upfront investment, the segment posted a loss of ¥8 million, but expansion is being pursued in line with the group KPI of increasing the proportion of net sales from experience-value-related businesses.

Last updated: July 17, 2026