TOSHIN HOLDINGS CO.,LTD
9444・Standard Market・Information & Communication
Mobile Communications Business
Core business accounting for approximately 87% of group sales. Engages in mobile phone sales and service intermediation.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥15,418 million | ¥15,073 million | ↑ |
| Segment profit | ¥183 million | -¥91 million | ↑ |
| Segment assets | ¥4,039 million | ¥3,534 million | ↑ |
| Depreciation | ¥5 million | ¥2 million | ↑ |
| Increase in tangible and intangible fixed assets | ¥52 million | ¥39 million | ↑ |
| Net sales to major customer (Orange Co., Ltd.) | ¥9,212 million | ¥7,192 million | ↑ |
| Net sales to major customer (SoftBank Corp.) | ¥2,332 million | ¥2,849 million | ↓ |
| Net sales to major customer (KDDI Corporation) | ¥2,423 million | ¥2,119 million | ↑ |
Business Details
Engages in the sale of mobile communications equipment and outsourced operations such as intermediation for mobile phone service subscriptions. Amid brisk MNP (mobile number portability) competition, the company actively conducts sales promotion activities and focuses on acquiring new customers. In addition to mobile phone sales, it provides diverse services tailored to customer literacy by linking financial services, point services, and smartphone payment services. Its major customers are Orange Co., Ltd., SoftBank Corp., and KDDI Corporation, which together account for the majority of sales.
Recent Overview
Turned profitable from a loss in the prior period. Net sales rose 2.3% year on year to ¥15,418 million, with segment profit of ¥183 million.
In the Mobile Communications Business for the fiscal year ended April 2026, net sales were ¥15,418 million (¥15,073 million in the prior period) and segment profit was ¥183 million (versus a loss of ¥91 million in the prior period), marking a return to profitability. Aggressive sales promotion activities aimed at acquiring new customers, including through MNP, were successful. Sales to the major customer Orange Co., Ltd. increased 28% year on year to ¥9,212 million, while sales to SoftBank decreased 18% year on year to ¥2,332 million. The trend of a lengthening device replacement cycle due to rising prices from increasingly sophisticated smartphones continued. Note that the company received a decision to commence corporate reorganization proceedings on May 8, 2026, and material uncertainty exists regarding its ability to continue as a going concern.
Key Products
Growth Drivers
- Expanding opportunities to acquire new customers amid brisk MNP (switching from other carriers) competition
- Continued effects of the Telecommunications Business Act amendment enacted in October 2019, which facilitated switching between carriers
- Increased customer spending through integration of financial services, point services, and smartphone payment services
- Diversification of the revenue base through strengthened sales to corporations and offices
Risks
- High dependence risk on specific customers, with the top three customers—Orange Co., Ltd., SoftBank, and KDDI—accounting for the majority of Mobile Communications Business sales
- Lengthening device replacement cycles due to rising prices from increasingly sophisticated smartphones
- Material uncertainty regarding business continuity due to the decision to commence corporate reorganization proceedings (May 8, 2026)
- Designation as a securities under special attention by the Tokyo Stock Exchange (November 22, 2025) and delisting risk
- Risk to the reliability of financial figures and risk of covenant breach stemming from improper accounting (restatement of prior-period financial results) at a subsidiary
- Intensifying competition among agents due to reviews and changes to store evaluation systems by telecommunications carriers
- Legal dispute risk surrounding the corporate reorganization proceedings, including petitions for dismissal of the trustee and immediate appeals by shareholders
Last updated: November 18, 2025