DATASECTION, INC. $3905.TYO
Wolfpack Research • Published October 8, 2025 • Illegal GPU Exports to Blacklisted Chinese Military Firm
CORE INVESTMENT THESIS
Datasection is a fraudulent shell company illegally channeling restricted NVIDIA B200 GPUs to Tencent, a Chinese military-linked company blacklisted by the United States, in flagrant violation of U.S. export controls and Japanese national security interests.
The company's mystery "large cloud service provider" is Tencent, which has put $272 million behind Datasection's supercluster plans. CEO Norihiko Ishihara is using NowNaw Japan to mask Chinese funding, with Japanese banks refusing financing after learning of Tencent's involvement. KDDI has dumped over half its stake, Nippon Life has exited completely, and we expect forced decoupling and near-total annihilation of shareholder value.
COMPANY OVERVIEW
KEY FINANCIAL METRICS
Total value of mystery customer orders: 5,000 GPUs (July) + 10,000 GPUs (October) for restricted B200 chips
Switched from PwC Japan (6 years) to Amaterasu Limited Audit Company, unknown auditor not registered with PCAOB
44 million warrants issued to Singapore financier at 44% discount - desperate for capital after Japanese banks refused
KDDI slashed stake from 9.5% to 3.7%, Nippon Life dumped entire 6.69% stake to zero - major red flag
📊 DATASECTION GPU ORDERS (ALLEGEDLY FOR TENCENT)
First Order
Second Order
B200 GPUs
RED FLAGS & WARNING SIGNS
Auditor Switch
Days before KDDI deal announcement, switched from PwC Japan to unknown Amaterasu Limited Audit Company. Moved Ishihara from Chairman to CEO.
KDDI Partnership Dead
Former KDDI employees confirm collaboration ended. KDDI established direct relationship with HPE, cutting out Datasection entirely.
Dilutive Financing
After Japanese banks refused, accepted 44M warrants (64% dilution) from Singapore firm First Plus Financial at 44% discount.
Institutional Exodus
KDDI dumped stake from 9.5% to 3.7%. Nippon Life liquidated entire 6.69% position. Clear vote of no confidence.
Mystery Location
No one in industry knows where Datasection's GPUs are housed. Not at KDDI's facility. Rumor: using foreign firms because Japanese won't work with them.
NowNaw in Tencent Building
NowNaw Japan's subsidiary Dalian Shouying Technology is headquartered in Dalian Tencent Building in China. Direct physical connection to Tencent.
KEY PLAYERS
Former Goldman Sachs banker turned CEO who allegedly hid the identity of Tencent from his own staff. Original director of NowNaw Japan, now using it to mask Chinese military funding.
Mysterious figure who claims to be early investor in SuperMicro and NVIDIA. Reportedly helps Datasection secure GPUs through rumored Department of Commerce connections. Why is he in press photos?
Controls NowNaw Japan, the alleged conduit for Chinese funding. Also legal representative of Dalian Shouying Technology, which is headquartered in Tencent's building in China.
Jeb Bush's son, George W. Bush's nephew, serving as director for foreign company enabling Chinese military company access to restricted AI technology. Political scandal in the making.
Singapore-based financier with deep China connections. Former executive at Ping An Trust (China). Provided dilutive financing after Japanese banks refused.
Blacklisted by U.S. for ties to Chinese military. Allegedly the $272M "large cloud service provider" behind Datasection's GPU orders. Subject of severe export restrictions.
EXPORT CONTROL VIOLATIONS
ILLEGAL PROVISION OF RESTRICTED TECHNOLOGY
U.S. Bureau of Industry and Security (BIS) expressly restricts NVIDIA B200 chips from reaching China or any data center facilitating Chinese AI training. Datasection requires a BIS license to provide computing power to Chinese-owned companies.
Tencent was identified by the U.S. Department of Defense as having ties to the Chinese military, making any GPU provision a flagrant national security violation.
Japanese policy aligns with U.S. export controls on restricting technology exports to China that could be used in weapons development.
No BIS license has been disclosed. If Datasection had received permission, they would announce it prominently. The silence is deafening.
🚨 WOLFPACK HAS NOTIFIED U.S. BIS, HOMELAND SECURITY, AND JAPANESE AUTHORITIES 🚨
Wolfpack Research's Verdict
According to Wolfpack Research, Datasection ($3905.TYO) is a fraudulent shell company illegally channeling restricted NVIDIA B200 GPUs to Tencent, a Chinese military-linked company blacklisted by the United States. The company's CEO Norihiko Ishihara has hidden Tencent's involvement from staff, used NowNaw Japan (with offices in Tencent's building) to mask Chinese funding, and turned to a Singapore financier with China ties after Japanese banks refused. KDDI and Nippon Life have dumped their stakes, the partnership is dead, and no one knows where the GPUs are located. Wolfpack Research concludes that authorities will force a decoupling from Tencent, resulting in near-total annihilation of shareholder value, with potential criminal liability for export control violations.
🏛️ Political Risk: Trump administration opportunity to embarrass Bush family
💼 Business Risk: No viable customer without Tencent
DISCLAIMER: This dashboard presents research from Wolfpack Research. As of publication, Wolfpack is short the securities of Datasection and stands to profit if the stock price declines. This is not investment advice. Wolfpack has contacted U.S. and Japanese authorities regarding the alleged violations. Past performance is not indicative of future results. Do your own research and consult professional financial advisors before making investment decisions.