Future Link Network Co.,Ltd.

Business Details

This segment is centered on the directly operated management of the regional information platform "Maipure" and the provision of the business model to partners, offering monthly subscription-based information distribution and business support services to small and medium-sized regional businesses and stores. Revenue consists of three categories: sales related to directly operated Maipure, sales related to partners (membership fees and royalties), and marketing support sales. In FY2025 (ended August 2025) (full year), segment sales were ¥767 million and segment profit was ¥180 million.

Recent Overview

Driven by the AI agent "Maipure-kun," both sales and profit improved significantly year on year in the interim period of FY2026 (ending August 2026)

In the second quarter (interim period) of FY2026 (ending August 2026), segment sales were ¥404 million (up 15.4% year on year), and segment profit improved significantly to ¥90 million (up 31.8% year on year). MRR sales in directly operated areas were ¥95 million (up 14.2% year on year), with the average unit price continuing to rise to ¥10,556 (up ¥1,295 year on year). Marketing support sales expanded rapidly to ¥134 million (up 56.5% year on year). On the other hand, the number of partner companies continued to shrink to 146 (down 17 companies year on year), and the number of deployed areas decreased to 893 municipalities (down 25 municipalities year on year). Users of "Maipure-kun" reached over 2,000 stores nationwide.

Key Products

Growth Drivers

• Acquisition of new customers and improvement of contract unit prices through nationwide expansion of the regional information-focused AI agent "Maipure-kun" (average unit price in directly operated areas: ¥10,436, up ¥1,405 year on year)
• Increase in high-unit-price contracts through strengthened sales to multi-store operating companies in directly operated areas and expanded sales of enterprise products
• Expansion of marketing support sales driven by the launch of related-population creation businesses such as "Nativ.media" and "Chiioshi"
• Capturing regional advertising demand against the backdrop of the continued expansion of the internet advertising market (Japan's internet advertising expenditure in 2025 was ¥4,045.9 billion, up 110.8% year on year)

Risks

• New partner development continues to face persistent difficulties, with the number of partner contracts and deployment areas trending downward (end of FY2025, August 2025: 154 companies and 914 municipalities)
• The number of Maipure participating stores fell significantly short of the target (18,022 stores), remaining at 17,540 stores, and quantitative expansion of the platform has stalled
• Partner-related sales declined sharply by 16.9% year on year, dragging down overall segment sales (full year FY2025 ended August 2025: down 6.0% year on year)
• Due to the allocation of company-wide costs (over ¥220 million in FY2025 ended August 2025), the segment's contribution to consolidated operating income/loss is limited even when the segment itself is profitable
• The risk of domestic economic downturn due to price increases, exchange rate fluctuations, and U.S. tariff policy, among other factors, may affect the advertising investment appetite of local small and medium-sized businesses