Linkage Global
Helps merchants sell across borders with managed stores, marketing, software, and product sourcing.
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Profile
Linkage Global provides cross-border sales and integrated e-commerce services through operating entities in Japan, Hong Kong, and mainland China. Its services include managed online-store operations, digital marketing, training, software support, and product sourcing for e-commerce merchants.
Linkage Global is a Cayman Islands holding company headquartered in Tokyo, with operating entities in Japan, Hong Kong, and mainland China. Its reportable segments are EXTEND in Japan and Other Subsidiaries in Hong Kong and mainland China. The business combines cross-border sales of selected food, beauty, health, household, pet, beverage, and private-label smart-electronics products with integrated e-commerce services for merchants. Those services include fully managed online-store setup, promotion, customer service, digital marketing, e-commerce training, software tools, and newer TikTok anchor agency work.
Management has shifted focus toward managed store operations and new headphone product design after weaker sales of some consumer-electronics products, and it has announced headphone intellectual-property partnerships with ClickClack and VIBELENS. The company depends on merchant demand across online platforms, third-party suppliers and logistics partners, and changing internet, privacy, data, and listing rules across its operating markets.
Company facts
Key statistics
Year to date −85.9% · Average volume (30d) 12.9M
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 6 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.0M | $3.7M | $32.4K | $10.3M | $3.5M | $10.9K | |
| Gross profit | $1.9M | −$85.2K | $4.8K | $4.2M | $2.7M | $6.7K | |
| Operating income | $669.4K | −$1.4M | −$6.2K | −$70.4K | −$1.6M | −$20.4K | |
| Net income | $554.8K | −$1.2M | −$6.1K | −$433.3K | −$3.1M | −$29.3K | |
| Diluted EPS | $0.03 | −$0.00 | −$0.00 | −$0.20 | −$0.01 | −$0.00 | |
| Gross margin | 21.5% | -2.3% | 14.8% | 40.6% | 76.4% | 61.2% | |
| Operating margin | 7.4% | -36.9% | -19.1% | -0.7% | -46.8% | -186.2% |
Revenue by product · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $533.4K · Total debt $3.0M · Total assets $21.8M · Shareholders' equity $16.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 11.11M · Float 1.93M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Guojian Chen | 1.80M | 27.36% of class | 13D | Jun 26, 2025 |
| Wu Zhihua · director | 1.49M | 13.45% | Form 4 | Mar 18, 2026 |
| Shubiao Shi | 1.00M | 15.20% of class | 13G | Jul 7, 2025 |
| Zhiqiang Li | 800.0K | 12.20% of class | 13G | Jul 1, 2025 |
| Suide Zheng | 400.0K | 6.10% of class | 13G | Jul 3, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.