BloomZ Reports First Half Fiscal Year 2024 Financial and Operational Results

39.3% YoY increase in the Audio Production and Talent Management business

209.8% YoY increase in the Internet business

415.5% increase in Distribution from Investments

TOKYO, JAPAN / ACCESSWIRE / September 17, 2024 / BloomZ Inc. ("BloomZ" or the "Company"), a Japanese audio production and voice actor management company, today announced its financial results for the six months ended March 31, 2024.

First Half 2024 and Recent Operational Highlights:

• Completed a successful initial public offering ("IPO") in July 2024, raising gross proceeds of $5.38 million, prior to deducting underwriting discounts and other offering expenses. The Company's Ordinary Shares began trading on the Nasdaq Capital Market on July 24, 2024, under the symbol "BLMZ"

• Announced business alliance with sonilude Inc. to jointly produce original animation projects

• Announced strategic business alliance with CrossVision to create joint entertainment offerings

Management Commentary

"Following the successful closing of our IPO and Nasdaq listing in late July, we continue to strive to explore capital investments, enhance our brand visibility on a global scale, and strengthen our internal capabilities to drive growth across our three business segments," said Kazusa Aranami, CEO of BloomZ. "We experienced a robust performance in the first half of fiscal year 2024, particularly in our audio production and talent management business, internet (VTuber management) business, and our animation production committee investments. We are pursuing opportunities to expand our capabilities internationally, with a focus on augmenting our presence in North American markets. We are also searching for new audio and anime production projects to sustain the upward momentum in our audio production and talent management business. At the same time, we remain open to opportunities that can enhance our production capabilities while effectively managing our margins. For the second half of fiscal year 2024, we remain dedicated to growing our portfolio of produced animation and affiliated VTuber services and exploring new market opportunities to tap into the high-margin VTuber business, which will continue driving top- and bottom-line performance. I am confident that BloomZ Inc. will continue to deliver outstanding results in the future."