Business
Interim Results
MOH Nippon Plc reported a significant decline in financial performance for the six months ended September 30, 2025, with no revenue generated compared to JPY 4,009.1 million in the prior year period, resulting in a profit before tax of JPY 73.9 million, down from JPY 235.1 million. The company is undergoing a strategic transition to an advanced technology-integrated real estate platform, including an initial investment in an AI data centre project. However, the company faces a critical liquidity risk, with working capital projected to run out by March 2026, contingent on the completion of a JPY 1.4 billion investment disposal in the Soemon-cho Project. Disclaimer*
About this update from Moh Nippon Plc.
[{"type":"text","content":"\n\n\nMOH Nippon Plc\n (\"MOH PLC\" or the \"Company\")\n \nUnaudited Interim Report for the six months ended 30 September 2025\n \nLondon, 18 December 2025 - MOH Nippon Plc (LSE: MOH), a crowdfunding services provider for real estate investment in Japan, today announces its unaudited consolidated interim results for the six months ended 30 September 2025 (\"H1 2026\").\n \nFinancial summary for the period\n \n· The Group did not generate any revenue in the six months ended 30 September 2025 (H1 2025: JPY 4,009.1 million (c. £20.5 million))\n· Net other operating income was JPY 334.1 million (c. £1.7 million) (H1 2025: JPY 346.9 million (c. £1.8 million))\n· Administrative expenses were reduced to JPY 263.8 million (c. £1.3 million) (H1 2025: JPY 896.7 million (c. £4.6 million))\n· Profit before tax of JPY 73.9 million (c. £0.4 million) (H1 2025: JPY 235.1 million (c. £1.2 million))\n \nWorking Capital and Going Concern\n \nAs of 30 November 2025, the Group had cash and cash equivalents of JPY 153 million. Based on the cash flow forecasts prepared by the management, the Group will run out of working capital during March 2026. The Group's working capital beyond March 2026 relies on the disposal of the second-series investment of JPY 1.4 billion in the Soemon-cho Project, which is yet to complete. This investment is anticipated to generate real estate sales revenue of approximately JPY 1.8 billion in March 2026, leading to a total projected cash inflow of JPY 3.2 billion. If the disposal of the second-series investment in the Soemon-cho Project cannot be completed before the end of March 2026, the Group will run out of working capital. Management is exploring the disposal of other projects on hand to maintain the continuing operations of the Group.\n \nStrategic and operational highlights for the period and post period end\n \n· Initiated the strategic transition from a traditional real estate investment platform to an advanced technology integrated real estate platform.\n· Completed an initial investment in an AI data centre project, marking a significant milestone in expanding into technology-enabled r...