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UZX on Nasdaq

Linkage Global Inc

Linkage Global Inc is a retail-catalog and mail-order houses company, listed on Nasdaq (UZX).1

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Last updated Oct 21, 2026.

Overview

$5.1MRevenue, fiscal 20252
-$7.4MNet income, fiscal 20252

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  • TickerUZX on Nasdaq1
  • IndustryRetail-Catalog & Mail-Order Houses1
  • HeadquartersM01
  • Incorporated inJapan3
  • Business address2-23-3 Minami-Ikebukuro, Toshima-Ku, Tokyo, M0 171-00223
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Cayman acquired 100% of the equity interests in EXTEND from its original shareholder;4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

72.6%Gross margin2
-90.4%Operating margin2
-144.5%Net margin2
-50.5%Revenue growth, 20252
-45.1%Return on equity2
0.04×Debt to equity2
-$4.9MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fully Managed ECommerce Operation Services brought in 73% of the revenue Linkage Global Inc broke down this way in fiscal 2025.

  1. Fully Managed ECommerce Operation Services$3.7M273%up 13% from 2024
  2. Cross Border Sales$1.2M224%down 81% from 2024
  3. Others$81.7K22%down 63% from 2024
  4. Digital Marketing Services$76.9K22%down 75% from 2024
Products and services by year
Products and services202320242025
Fully Managed ECommerce Operation Services$3.3M$3.7M
Cross Border Sales$10.6M$6.5M$1.2M
Others$619.0K$220.6K$81.7K
Digital Marketing Services$1.5M$312.2K$76.9K

Business segments

Other Operating brought in 88% of the revenue Linkage Global Inc broke down this way in fiscal 2025.

  1. Other Operating$4.5M288%down 27% from 2024
  2. Extend$611.6K212%down 85% from 2024
Business segments by year
Business segments202320242025
Other Operating$4.0M$6.2M$4.5M
Extend$8.7M$4.1M$611.6K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue27¢$1.4M
  • Research and development11¢$585.3K
  • Other costs53¢$2.7M
  • Income tax8¢$402.8K

Out of $5.1M in revenue.2 The company lost money this year.

Financial statements

Revenue562$5.1M in 2025−67% since 2021
0$10.0M$20.0M$30.0M2021: $15.5M$15.5M20212022: $22.0M$22.0M2022+42%2023: $12.7M$12.7M2023−42%2024: $10.3M$10.3M2024−19%2025: $5.1M$5.1M2025−50%
Gross profit562$3.7M in 2025+46% since 2021
0$2.0M$4.0M$6.0M2021: $2.5M$2.5M20212022: $3.7M$3.7M2022+46%2023: $1.9M$1.9M2023−50%2024: $4.2M$4.2M2024+124%2025: $3.7M$3.7M2025−11%
Operating income562-$4.6M in 2025
-$6.0M-$4.0M-$2.0M0$2.0M2021: $881.0K$881.0K20212022: $1.4M$1.4M2022+60%2023: -$570.9K-$570.9K20232024: -$76.6K-$76.6K2024−87%2025: -$4.6M-$4.6M2025+5922%
Net income562-$7.4M in 2025
-$7.5M-$5.0M-$2.5M0$2.5M2021: $751.7K$751.7K20212022: $1.1M$1.1M2022+42%2023: -$652.7K-$652.7K20232024: -$439.3K-$439.3K2024−33%2025: -$7.4M-$7.4M2025+1577%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-09-302024-09-302023-09-30
Revenues$5.1M$10.3M$12.7M
Cost of revenues-$1.4M-$6.1M-$10.9M
Gross profit$3.7M$4.2M$1.9M
General and administrative expenses-$6.3M-$3.5M-$1.4M
Selling and marketing expenses-$1.4M-$434.9K-$595.8K
Research and development expenses-$585.3K-$302.3K-$588.1K
Gain from disposal of property and equipment$125.8K
Total operating expenses-$8.3M-$4.2M-$2.4M
Operating loss-$4.6M-$76.6K-$570.9K
Investment income$44.6K$2.1K
Fair Value Change in Derivative Liability-$16.2K
Impairment loss from equity investment-$60.0K
Interest (expenses)/income, net-$2.4M$160.7K-$102.4K
Other non-operating income$100.7K$21.6K$14.6K
Total other (expenses)/income, net-$2.4M$226.9K-$145.7K
(Loss)/income before income taxes-$7.0M$150.3K-$716.7K
Income tax (provision)/ benefit-$402.8K-$589.7K$64.0K
Net loss-$7.4M-$439.3K-$652.7K
Foreign currency translation adjustment$122.3K-$74.9K-$15.5K
Total comprehensive loss attributable to the Companys ordinary shareholders-$7.2M-$514.2K-$668.3K
Basic (in Dollars per share)-$1.27-$0.21-$0.33
Diluted (in Dollars per share)-$1.27-$0.21-$0.33
Basic (in Shares)5.8M shares2.1M shares2.0M shares
Diluted (in Shares)5.8M shares2.1M shares2.0M shares

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Corporate structure

Linkage Global Inc sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Linkage Global Inc

  • Shubiao Shi Filed SCHEDULE 13G on Linkage Global Inc, latest Jul 7, 2025
  • Suide Zheng Filed SCHEDULE 13G on Linkage Global Inc, latest Jul 3, 2025
  • Zhiqiang Li Filed SCHEDULE 13G on Linkage Global Inc, latest Jul 1, 2025
  • Guojian Chen Filed SCHEDULE 13D on Linkage Global Inc, latest Jun 26, 2025
  • Wu Zhihua Filed SCHEDULE 13G/A on Linkage Global Inc, latest Feb 12, 2025 (2 filings since Feb 14, 2024)
  • Long Li Filed SC 13G on Linkage Global Inc, latest Oct 23, 2024
  • Shuyan Liu Filed SC 13G on Linkage Global Inc, latest Oct 23, 2024
  • Zheng Zhang Filed SC 13G on Linkage Global Inc, latest Oct 23, 2024
  • Linkage Global Inc M0

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Linkage Global Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements$10.4K6 Sep 30, 2024$10.0K6 Sep 30, 2023+4.3%
Property and equipment, before depreciation$546.2K2 Sep 30, 2025$360.6K2 Sep 30, 2024+51.4%
Accumulated depreciation$323.9K2 Sep 30, 2025$274.8K2 Sep 30, 2024+17.9%
Property and equipment, net$222.3K2 Sep 30, 2025$85.8K2 Sep 30, 2024+159.0%
Operating-lease assets (leased space)$406.0K2 Sep 30, 2025$653.7K2 Sep 30, 2024−37.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$734.7K2 Sep 30, 2025$2.0M2 Sep 30, 2024−63.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.0K2 Sep 30, 2025$66.3K2 Sep 30, 2024−97.0%
Finished goods$97.0K2 Sep 30, 2025$131.4K2 Sep 30, 2024−26.2%

Leadership

Who has led Linkage Global Inc, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Yitao Ji2026–now
  • Chief financial officerYitao Ji Jun 4, 2026 to now7
Board members and other officers (5)

Filings

134 filings to the SEC since October 2021: 3 annual reports, 9 insider forms, 9 large holders, 113 other. The latest 20:

  1. Oct 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Oct 2, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  3. Sep 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Sep 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Aug 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jul 29, 2026F-3 REGISTRATION STATEMENT EDGAR
  7. Jul 20, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  8. Jul 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Jun 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Jun 26, 2026EFFECT EDGAR
  11. Jun 24, 2026CORRESP EDGAR
  12. Jun 23, 2026UPLOAD EDGAR
  13. Jun 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jun 12, 2026F-3 REGISTRATION STATEMENT EDGAR
  15. Jun 4, 20263 EDGAR
  16. Jun 4, 20264 EDGAR
  17. Jun 4, 20263/A EDGAR
  18. Jun 4, 20263 EDGAR
  19. Jun 4, 20263 EDGAR
  20. Jun 4, 20263 EDGAR

The 134 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Shubiao ShiSCHEDULE 13G, 1 filing Jul 7, 202512
  • Suide ZhengSCHEDULE 13G, 1 filing Jul 3, 202513
  • Zhiqiang LiSCHEDULE 13G, 1 filing Jul 1, 202514
  • Guojian ChenSCHEDULE 13D, 1 filing Jun 26, 202515
  • Wu ZhihuaSCHEDULE 13G/A, 2 filings Feb 14, 2024 to Feb 12, 202516
  • Long LiSC 13G, 1 filing Oct 23, 202417
  • Shuyan LiuSC 13G, 1 filing Oct 23, 202418
  • Zheng ZhangSC 13G, 1 filing Oct 23, 202419

SEC filer profile

How Linkage Global Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLinkage Global Inc1
  • CIK0001969401
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Industry code (SIC)5961 Retail-Catalog & Mail-Order Houses1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2-23-3 Minami-Ikebukuro, Toshima-Ku, Tokyo, M0 171-00221
  • Phone86186957831001
  • Shares outstanding10,662,522 Common Class A shares; 1,000,000 Common Class B shares as of Sep 30, 20254
  • AuditorHTL International, LLC, Houston, Texas PCAOB ID 7000; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 9, 20231
  • Filings134 in all: 6-K (47), CORRESP (11), 144 (10), UPLOAD (9), F-1/A (8), 3 (7), EFFECT (6), F-1 (4)1
    All 28 form types

    SC 13G (4), 20-F (3), F-3 (3), SCHEDULE 13G (3), 424B4 (2), DRS/A (2), F-3/A (2), 3/A (1), 4 (1), 424B3 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), DRSLTR (1), FWP (1), NT 20-F (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Jan 30, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value US$0.0025 per shareLGCBNASDAQ

From the cover page of the 20-F filed Jan 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

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