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Harrison Global Holdings Inc. Reports Increased Net Loss and Revenue Decline for Six Months Ended March 31, 2025
BLMZ
Earnings
Demand Weakening
New Projects/Investments
- 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.
- 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.
- 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.
- 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.
- 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.
Sep 30, 2025, 8:01 PM
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