HeartCore Enterprises strategically shifted its business focus in 2025, selling its Japanese software business (HeartCore Japan) on October 31, 2025, to concentrate on its 'GO IPO' consulting services for Japanese companies seeking U.S. stock market listings. The company is currently assessing strategic alternatives to divest its 51% equity interest in Sigmaways, Inc., a U.S.-based software development subsidiary. GO IPO consulting services include assisting with introductions to law firms, underwriters, and auditing firms, internal control documentation, U.S. GAAP conversion, and investor presentation preparation. Compensation for GO IPO services includes cash fees ranging from $380,000 to $900,000 per agreement, along with warrants or stock acquisition rights representing 1% to 4% of the clients' fully-diluted share capital. HeartCore established Higgs Field Co., Ltd. in October 2025, a new subsidiary in Japan focused on digital securities consulting, with long-term plans to pursue registration as a licensed securities firm. The company reported a net income of $5,493,288 for the year ended December 31, 2025, a substantial increase from a net loss of $5,212,900 in 2024, primarily due to a one-time gain from the sale of discontinued operations. Total revenues decreased by 60.5% to $8,968,732 in 2025 from $22,685,544 in 2024, mainly attributed to a decrease in non-cash consideration from large IPO deals in the prior period and a slowdown in customized software development services. Gross profit decreased by 78.6% to $3,151,453 in 2025 from $14,715,646 in 2024. HeartCore received a Nasdaq notice on May 6, 2025, for non-compliance with the $1.00 minimum bid price requirement and was granted an extension until May 1, 2026, to regain compliance. A one-time cash dividend of $0.13 per common share was authorized and paid on November 17, 2025. The Board of Directors approved a share repurchase program on February 18, 2026, authorizing repurchases of up to $2.0 million of common shares, though no shares have been repurchased to date. Management concluded that the company's internal control over financial reporting was not effective as of December 31, 2025, due to a lack of sufficient financial reporting and accounting personnel with U.S. GAAP and SEC reporting knowledge.