PR TIMES Corporation
Decision to terminate general provision of the task and project management tool Jooto and to abolish the business
Terminate Jooto's general availability by July 31, 2027 and abolish the Jooto business. For existing customers, transition in accordance with contractual terms. The standard box is excluded. Anticipated revenue decline; considering one-off expenses. Consolidated forecast for the fiscal year ending February 2027 under review.
Key Figures
- Jooto business revenue (fiscal year ending February 2026) 387 million yen
- Jooto business operating loss (fiscal year ending February 2026) △17 million yen
- Revenue in the most recent first quarter 85 million yen
- Operating loss in the most recent first quarter △16 million yen
- Consolidated forecast for fiscal year ending February 2027 to be disclosed separately (whether revisions are necessary will be announced at the earnings results on 2026-10-14)
AI要約
Background and decision
The Company resolved at the Board of Directors to terminate general availability of Jooto and abolish the Jooto business. Stop accepting new contracts, upgrades, and deployment support; existing contracts will continue to be provided until July 31, 2027. The standard box is not included. The reason is that customer acquisition, retention, and expansion competitive advantages are lacking, and the rationale for continued investment is weak. Resources will be reallocated to other businesses.
Future impact and responses
With the cessation of Jooto, temporary costs related to service operation, data migration, advance billing settlement, and contract terminations may arise and are currently under review. Jooto-related assets have previously been written down, and no material additional impairment is expected at this time. The impact amount and whether revisions are needed will be disclosed at this term's financial results announcement. The standard box for Toyota is excluded.
PR TIMES Co., Ltd.
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