V
VisasQ
👤 Eiko Hashiba (Ex-Goldman banker turned PE investor - she'd paid for expert calls herself, so she knew the demand and the buyers cold.)🌐 siteLinkedIn
An ex-Goldman PE investor knew funds pay thousands to quiz experts. She built the marketplace and took it public.
Will it work? · our read
A cyclical winner. Expert networks are must-haves for PE and consulting, and VisasQ owns Japan. But demand rides deal cycles, and its $102M Coleman bet became a ¥14.5B ($93M) write-off.
01How the money moves
A fund or consultancy needs a niche expert - fast
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VisasQ matches a vetted expert; books a 1-hour call
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Expert paid hourly; VisasQ keeps about 30% (VQ Lite)
02The numbers
¥9,974M ($64M)Filedrevenue, FY ended Feb '26
FY ended Feb 28, 2026source:
¥9,974M
Supply, the bold bet, and the recovery: 700k experts, a $102M US acquisition, and a return to profit. TSE filings / VisasQ
Back to profit: ¥891M ($6M) net in FY26, after a ¥14.5B ($93M) Coleman write-off.
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stockanalysis (TSE:4490) — FY2026 revenue about $64M, back to profit; FY2024 loss from the Coleman writedown.VisasQ press release — Coleman Research acquisition announced, $102M, Aug 2021.ExpertNetworks.net review — 700,000+ experts (175,000+ in Japan), TTM revenue about $64.6M.Bloomberg — profile of founder Eiko Hashiba.VisasQ corporate site — mission, expert-network stats, global offices.
Revenue ¥9,974M (about $64M) is VisasQ's TSE-filed FY2026 result (fiscal year ended Feb 28, 2026), read from stockanalysis's filing table and corroborated by expertnetworks.net's about-$64.6M TTM figure - FILED. Net profit ¥891M (about $6M) and the FY2024 net loss of ¥12,635M (about $81M) with a ¥14,472M (about $93M) asset writedown were read from the same table; secondary coverage rounds the Coleman goodwill impairment to ¥14.6B. The $102M Coleman price is from VisasQ's own August 2021 press release; the deal completed Nov 1, 2021. Expert count 700,000+ per expertnetworks.net (VisasQ's own site claims 800,000). Take rate about 30% (VQ Lite) is from reporting, flagged [our read]. Founder background per LinkedIn and Bloomberg. No fabricated drama - the Coleman write-off is documented in the filings. We never score you.