- **Harrison Global Holdings Inc.** reported a **net loss of ¥201,134 thousand** for the six months ended March 31, 2025, a significant increase from a net loss of ¥18,416 thousand in the prior year period.  **[1984014_0001213900-25-093921_ea025914201ex99-1_harrison.htm:1]** 
- Total revenue decreased by **31.0% to ¥84,494 thousand** for the six months ended March 31, 2025, primarily due to declines in audio production and talent management, and internet businesses.  **[1984014_0001213900-25-093921_ea025914201ex99-2_harrison.htm:2]** 
- The company experienced a **920.5% increase in operating loss** to ¥(187,593) thousand, driven by a **272.2% surge in Selling, General and Administrative Expenses** to ¥194,563 thousand, mainly due to higher professional fees for fundraising and compliance.  **[1984014_0001213900-25-093921_ea025914201ex99-2_harrison.htm:2]** **[1984014_0001213900-25-093921_ea025914201ex99-2_harrison.htm:3]** 
- Management noted a **going concern uncertainty** due to accumulated deficits and operating losses, with continued operations dependent on attracting revenue-generating customers, new contracts, and securing additional financing.  **[1984014_0001213900-25-093921_ea025914201ex99-1_harrison.htm:3]** 
- Subsequent to the reporting period, the company completed **multiple financing activities**, including an IPO in July 2024, a White Lion ELOC financing raising **¥472,073 thousand**, and two PIPE financings totaling **US$64 million**.  **[1984014_0001213900-25-093921_ea025914201ex99-1_harrison.htm:3]** **[1984014_0001213900-25-093921_ea025914201ex99-1_harrison.htm:14]** **[1984014_0001213900-25-093921_ea025914201ex99-1_harrison.htm:15]**

Harrison Global Holdings (BLMZ)