FORCIA, Inc. (304A) Stock Price

Forcia operates a digital business platform business, leveraging proprietary search technology as its core to provide system development, service delivery, and consulting. The company utilizes its technology foundation "Spook," which handles vast and complex data at high speed, primarily enhancing the convenience of reservation and sales websites in the travel and distribution sectors. In recent years, the company has expanded beyond search technology to support customer business transformation in the digital transformation (DX) domain.

Key customers include major travel agencies, travel product operators, specialty trading companies, and partner manufacturers and retailers, with particular strength in the travel and tourism industry. The company's revenue is built on two pillars: solution-based contracts tailored to individual requirements (development fees, operational maintenance, and licensing fees) and SaaS-based contracts serving multiple customers (initial setup fees, monthly usage fees, and customization fees). The SaaS model secures many contracts that generate stable revenue based on long-term usage.

The business operates as a single segment in digital business platforms, with product lines divided into solution-based offerings using Spook and SaaS-based services including "webConnect," a travel sales platform; "Masstery," a product data management tool; and advertising operation support. Through webConnect, the company handles real-time inventory and pricing processing, multi-channel integration, and dynamic pricing. Masstery improves operational efficiency through automated product data management. By combining these offerings, the company flexibly accommodates customer-specific customization and builds long-term partnerships.

The company has established a growth strategy centered on three pillars: deepening relationships with existing customers, acquiring new customers, and ultimately building a marketplace. Revenue and operating profit margin serve as primary performance metrics, with cumulative customer numbers for the SaaS service "webConnect" designated as a key performance indicator. Currently, webConnect has been adopted by over 20 companies and connects more than 12,000 travel and tourism facilities. The company aims to expand revenue and its customer base using this foundation as a springboard.

The company is prioritizing investment in a hybrid service model centered on its technology platform "Spook," leveraging search technology as a core strength. Spook excels at processing complex inventory and conditions at high speed, with strong adoption among major travel companies (implemented at 8 of the top 10 companies), and differentiates itself through real-time inventory management and dynamic pricing capabilities. Additionally, by combining webConnect with its product data management tool "Masstery," the company aims to secure stable revenue from both custom development and standardized services.

As the next step in business expansion, the company is accelerating entry into new player segments including public transportation, local governments, destination management organizations (DMOs), employee benefits providers, credit card companies, and overseas travel agencies serving inbound tourists (in Asia and Western markets). Capitalizing on MaaS-type demand for seamless multi-modal transportation integration and inbound tourism recovery, the company supports new market entrants through webConnect and ultimately aims to build an "n-to-n" marketplace connecting sellers and suppliers, driving transaction diversification and increased transaction volume.

The company positions technological innovation as the source of sustainable competitive advantage and is advancing a recurring business model through asset reuse from development and continuous feature additions. In fiscal year 24, the company is sequentially implementing peripheral functions beyond search, including reservations, payments, and digital coupons. Going forward, it will strengthen its development capabilities through recruitment and development of talented engineers and collaboration with external partners. With a financial foundation built on zero debt, maintained cash reserves, and capital strengthening through its public listing, the company is pursuing sustainable growth through both technology investment and governance enhancement.