AcquisitionsJul 1, 2026, 04:14 PM
Perpetuals.com Acquires Perpetual Markets, Rebrands
AI Summary
Perpetuals.com Ltd. announced significant strategic and financial updates for its fiscal year ended April 30, 2026. The company completed a private placement financing of approximately $7.08 million, acquired Perpetual Markets Ltd., and subsequently changed its trade name from Earlyworks Co., Ltd. to Perpetuals.com Ltd. to expand into new business domains. Financially, the company reported a challenging year with net sales decreasing by 44.1% to 245 million yen and increased operating and net losses. The Eighth Ordinary General Meeting of Shareholders is scheduled for July 24, 2026, to approve the financial statements and business report.
Key Highlights
- Acquired Perpetual Markets Ltd. on January 20, 2026, making it a wholly owned subsidiary.
- Changed trade name from Earlyworks Co., Ltd. to Perpetuals.com Ltd. on January 20, 2026.
- Completed private placement financing totaling approximately $7.08 million.
- Reported FY26 net sales of 245 million yen, a 44.1% decrease from the prior fiscal year.
- Reported FY26 operating loss of 456 million yen, compared to 252 million yen in the prior year.
- Reported FY26 net loss of 433 million yen, compared to 244 million yen in the prior year.
- Scheduled the Eighth Ordinary General Meeting of Shareholders for July 24, 2026.
- Total employees in the Blockchain Business decreased by 16 to 4 employees.
Price Impact
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