Quantum Solutions reported a 75.6% revenue decline for the six months through August, posting ¥137 million ($895,000) in sales as the company’s transition to artificial intelligence infrastructure faltered. Operating losses widened to ¥240 million from ¥180 million a year earlier, while net losses ballooned to ¥300 million ($1.96 million) from ¥86 million.
The Tokyo-listed firm’s AI Solutions segment saw revenue collapse to ¥63 million from ¥480 million ($3.14 million) in the previous year. The company cited partnerships with Turbo AI and Golden Gain for its AI data center operations, which generated just ¥2 million in revenue. Gaming operations from the acquired rights to “GYEE” contributed ¥61 million.
The results come three months after Quantum Solutions announced plans to accumulate 3,000 Bitcoin worth more than $350 million, positioning itself as Japan’s second-largest corporate cryptocurrency holder. The company now holds Bitcoin and indicated it will purchase Ethereum.
Only the Wellness unit, previously focused on eyelash care, turned profitable with ¥7 million ($46,000) in segment profit on ¥73 million in revenue. The company declined to provide full-year guidance, saying rapid environmental changes make forecasting difficult. Quantum Solutions trades on the Tokyo Stock Exchange under ticker 2338.
