MTG Co., Ltd.
7806・Growth Market・Other Products
Other Businesses
A diversified segment bundling overseas sales, smart rings, camellia products, EVs, travel, and beverages
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥4,019 million | ¥2,584 million | ↑ |
| Segment ordinary income (loss) | ¥(600) million (loss) | ¥(504) million (loss) | ↓ |
| Unamortized goodwill balance | ¥1,444 million | ¥35 million | ↑ |
Business Details
Other Businesses consists of overseas direct sales and wholesale sales, smart ring manufacturing and sales and fund settlement operations, manufacturing and sales of products made from camellia, EV vehicle-centered mobility sales, overseas-focused travel operations, and manufacturing and sales of beverages. From the current interim consolidated fiscal period, Kirala Co., Ltd. was newly acquired as a consolidated subsidiary, adding the Total Life Service Platform (Kirala) business. In addition, McLEAR LIMITED and M's Agency Co., Ltd. completed liquidation procedures and were removed from the scope of consolidation.
Recent Overview
Revenue rose 55.6% year on year following the full consolidation of Kirala, but the ordinary loss widened
Revenue for the current interim consolidated fiscal period was ¥4,019 million (up 55.6% year on year), while the ordinary loss widened to ¥600 million (compared with an ordinary loss of ¥504 million in the same period of the prior year). On October 7, 2025, the company made Kirala Co., Ltd. a wholly owned subsidiary at an acquisition cost of ¥3,912 million, generating goodwill of ¥1,443 million (amortization period of 20 years). McLEAR LIMITED and M's Agency Co., Ltd. completed liquidation procedures and were removed from consolidation. The Global Business and Smart Ring Business were reclassified into this segment due to reduced quantitative significance.
Key Products
Growth Drivers
- Expansion of revenue scale through the incorporation of the Total Life Service Platform business and beverage business following the full consolidation of Kirala Co., Ltd. (October 2025)
- Creation of cross-selling synergies between Kirala's beauty device brand "STELLA BEAUTE" and the Company's existing businesses
- Growing demand for the natural water brand "Toki" in the high-end market (adoption track record at a Louis Vuitton co-located restaurant)
- Revenue diversification through a multifaceted business portfolio spanning camellia products, EV mobility, travel, and beverages
Risks
- Risk that the profitability stability of each individual business varies given the structure of bundling multiple businesses across different industries (camellia products, EVs, travel, beverages, smart rings, etc.)
- Impairment risk related to the ¥1,443 million of goodwill (amortized over 20 years on a straight-line basis) arising from the Kirala acquisition
- An ordinary loss of ¥600 million was recorded in the current interim period, making improvement of overall segment profitability a key challenge
- Risk of intensifying competition and demand fluctuations in the EV vehicle market
- Uncertainty regarding the profitability of the camellia business, given that Goto no Tsubaki Co., Ltd. recorded an impairment loss in the prior period
- Residual risks associated with the completed liquidation of McLEAR LIMITED and M's Agency (such as recognition of subsidiary liquidation losses)
Last updated: December 19, 2025