INCLUSIVE Inc.
7078・Growth Market・Services
Media & Content Business
Business domain integrating regional revitalization, digital marketing, and media monetization
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥2,209 million (FY2026, ending March 2026) | ¥2,803 million (FY2025, ended March 2025) | ↓ |
| Segment loss | ¥(184) million (FY2026, ending March 2026) | ¥(302) million (FY2025, ended March 2025) | ↑ |
| Segment adjusted EBITDA | ¥(115) million (FY2026, ending March 2026) | ¥(161) million (FY2025, ended March 2025) | ↑ |
| Goodwill amortization | ¥11 million (FY2026, ending March 2026) | ¥57 million (FY2025, ended March 2025) | ↓ |
| Goodwill balance | ¥0 million (FY2026, ending March 2026) | ¥18 million (FY2025, ended March 2025) | ↓ |
| Impairment loss | ¥0 million (FY2026, ending March 2026) | ¥0 million (FY2025, ended March 2025) | — |
Business Details
This segment consolidates the former "Media & Content Business" and "Planning & Production Business." It handles regional tourism hub rebranding and facility development, branding support for regional tech ventures, digital marketing deployment, and digital media monetization projects. Following the transition to a holding company structure in October 2025, the company is promoting a shift in its business focus toward regional revitalization.
Recent Overview
Net sales declined 21.2% year on year, but segment loss narrowed, showing progress in profitability improvement
In FY2026 (ending March 2026), net sales of the Brand Consulting business were ¥2,209 million (down 21.2% year on year). The media division saw declines in both revenue and profit due to industry downturn and withdrawal from unprofitable projects. The Brand Consulting division saw solid orders for large-scale projects related to the Expo, but was affected by timing revisions of some projects in the second half. On the other hand, as a result of focused efforts to acquire highly profitable projects, the segment loss narrowed to ¥184 million from ¥302 million in the prior period. Goodwill was fully amortized and eliminated during the current period. Upfront investments were also made in the regional revitalization business.
Key Products
Growth Drivers
- Capturing demand for productivity improvement in the tourism industry and sophistication of tourist destination management centered on regional revitalization
- Expansion of branding and space design projects for the tourism industry in anticipation of increased inbound traveler consumption
- Continued receipt of branding project orders related to large-scale events such as the Osaka-Kansai Expo
- Improved profit margins through selection and concentration on highly profitable projects with competitive advantages
- Materialization of the effects of upfront investment in the regional revitalization business, expected to become profitable from next fiscal year onward
- Promotion of management efficiency and cost optimization through AI utilization
Risks
- Risk of overall decline in Brand Consulting business sales due to continued weakness in media-related projects
- Risk of short-term reduction in sales scale due to withdrawal from unprofitable projects and selection and concentration
- Risk of increased business promotion costs due to rising raw material costs and labor costs
- Risk of failing to meet plans due to timing revisions or delays in some large-scale projects
- Impact on advertising order unit prices and order volumes due to intensifying competition in the internet advertising market
- Risk of expanded losses if upfront investment in the regional revitalization business fails to achieve profitability
- Reduced effectiveness of targeted advertising due to Apple's privacy policy changes and third-party cookie restrictions
Last updated: June 26, 2026