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Sankey diagram of Enigmo Inc.. A complete text table follows the diagram.
BUYMA remains the cash-generating base while BUYMA TRAVEL grows rapidly from a small base and carries the cost of building a second platform.
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Every category amount is a reported EDINET XBRL fact. Nodes described as arithmetic bridges are calculated residuals and do not imply a separately reported filing line.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| FashionPlatform Segment | 1 | 2.5B | 87.4% of reported total |
| TravelPlatform Segment | 1 | 365M | 12.6% of reported total |
| Revenues From External Customers | 2 | 2.9B | Reported six-month total · ¥2.9B |
| Operating loss | 2 | 17.7M | Absolute value of reported operating loss |
| Operating costs & expenses | 3 | 2.9B | Revenue plus reported operating loss |
| Profit before tax | 4 | 41.7M | Reported pretax result |
| Enigmo is using a profitable fashion marketplace to fund a fast-growing travel platform that has not yet reached break-even | 4 | 2.9B | BUYMA still generated segment profit, but softer fashion GMV and corporate costs were outweighed by Travel's investment, acquisition, and operating loss. |
| From | To | Value |
|---|---|---|
| FashionPlatform Segment | Revenues From External Customers | 2.5B |
| TravelPlatform Segment | Revenues From External Customers | 365M |
| Revenues From External Customers | Operating costs & expenses | 2.9B |
| Operating loss | Operating costs & expenses | 17.7M |
| Operating costs & expenses | Profit before tax | 41.7M |
| Operating costs & expenses | Enigmo is using a profitable fashion marketplace to fund a fast-growing travel platform that has not yet reached break-even | 2.9B |