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  "documentTitle": "Datasection, Inc. (3905.TYO)",
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  "authorName": "Wolfpack Research",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-10-08 00:00:00",
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  "density": "dense",
  "nDataPoints": 2,
  "notes": "The slide uses a photo of redacted shipping labels as evidence of suspicious activity.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9a-5dc02a701cdd/5",
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      "kind": "callout",
      "text": "Datasection has explicitly denied that NNJ is a related party, but that does not appear to be true.",
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      "text": "Datasection has explicitly denied that NNJ is a related party, but that does not appear to be true.15 NNJ was founded by the CEO of Datasection, although his personal involvement in NNJ is absent from his company bio.16",
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      "text": "NNJ is clearly playing a very key role. In August 2024, Datasection and NNJ announced a joint development agreement where they agreed to jointly develop and build an AI cloud service system.13 In July 2025, Datasection announced that through NNJ, they had entered into a “a large-scale service usage agreement with a customer who is one of the world’s largest cloud service providers.”14 That first deal was for 5,000 GPUs, but in October, they released another press release claiming that they used NNJ to make an even larger order of 10,000 NVIDIA GPUs. They even posted a photo on X.com (FKA as twitter) of their purported GPU’s but made sure to redact the shipping labels on the boxes as shown below:",
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      "kind": "quote",
      "text": "A Former Employee Told Us They Believed the CEO of Datasection, Norihiko Ishihara, Has Used NowNaw Japan to Mask Its Backing by a China Military Company.",
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      "text": "Source: Datasection X.com Post",
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      "text": "A Former Employee Told Us They Believed the CEO of Datasection, Norihiko Ishihara, Has Used NowNaw Japan to Mask Its Backing by a China Military Company. This Former Employee Also Pointed Out that One of NowNaw Japan’s Subsidiaries Is Headquartered in Tencent’s Building.",
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