Inforich has hit a rough patch, having missed its earnings guidance. The key question now is whether this is a one-off event or indicative of deeper structural issues. I raised this concern directly with the Inforich management team, who—unsurprisingly—assert that the underperformance in 1H FY2025 was an isolated event.

While I’m inclined to agree with their assessment, I’d like to see a sustained recovery trend in their MAU (monthly active users) to fully validate their outlook.

The company profile:

– Core Service: ChargeSPOT is a mobile battery sharing platform that lets users rent and return portable batteries from stands located in high-traffic areas like convenience stores and train stations.

– Geographic Reach (see the graph below for a country breakdown):

– Direct Operations: Japan, China, Hong Kong, Taiwan, Australia

– Franchise Model: Thailand, Singapore, Macau, parts of China

– Japanese Market Share: +84.4% of installations as of 6/25

– Technology & User Experience:

– Stands hold 5–40 batteries each

– Users locate stands via the app, scan QR codes to rent

– Payment options include mobile carrier billing, credit card, and QR code payment

– Founding & Strategy:

– Founded in 2015 by Hironobu Akiyama, originally from Hong Kong

– Inspired by China’s rapid adoption of battery sharing

– Early strategy: install ~10,000 stands across Japan to outpace competitors

– Partnered with a Hong Kong firm (now Inforich Asia Holdings Limited) to launch in Japan

This is a controversial stock but I tried to explain why I think Inforich deserves your monitoring in a note to my clients.

If you’re interested in learning more about Inforich and its growth potential, I’d like to invite you to experience my service—completely free of charge. I am confident that once you discover the value, convenience, and quality I offer, you’ll be glad you gave me a try.