Last updated: April 16, 2026
These Terms of Service (hereinafter "these Terms") set forth the conditions for using beluuga.ai (hereinafter "the Service") operated by Quzilla Capital, Inc. (hereinafter "the Company").
The Service is currently provided as a beta version. Due to the nature of beta software, features may be added, changed, or removed, and temporary instability, data inconsistencies, or other issues may occur. We actively solicit feedback during the beta period and strive to improve the Service.
If you do not agree to these Terms, you may not use the Service. Registration for or access to the Service constitutes acceptance of these Terms.
The Service is provided for informational purposes only and does not constitute investment advisory services, investment management services, or solicitation or recommendation of financial products as defined under the Financial Instruments and Exchange Act of Japan. All information provided through the Service — including Service Data, calculation results, analytical outputs, AI Content, and any other information — does not constitute a recommendation to buy or sell any specific financial product, and the Company makes no assessment of the suitability of the Service for any User's investment objectives, financial situation, or specific needs. Users are encouraged to consult qualified professionals, including licensed financial instruments business operators, attorneys, certified public accountants, and tax advisors, before making investment decisions. Past financial data and historical performance contained in the Service do not guarantee future results, stock prices, or investment outcomes.
In these Terms, the following terms shall have the meanings set forth below.
Users shall register their account through the method prescribed by the Company, and represent and warrant that they provide truthful, accurate, current, and complete information. Users shall promptly update registration information when changes occur. Each account is for use by a single User; sharing, transferring, or selling accounts is prohibited. If multiple users are needed, please subscribe to the Team plan. Users are responsible for securely managing their login credentials (email, password). If unauthorized use is discovered, please immediately notify the Company. Users are liable for damages caused to the Company or Users by unauthorized use or access due to the User's intent or negligence.
The following persons may not register for an account:
The Service is currently provided as a beta version, and Users agree in advance to the following:
We utilize feedback collected during the beta period for service improvement. Intellectual property rights to feedback and improvement suggestions provided by Users belong to the Company (excluding Users' personal information and business information).
As a Launch Customer benefit, beta registration pricing shall remain in effect permanently after official launch, except for changes in consumption tax rates or price adjustments required by law.
The end date of the Beta Period will be determined separately by the Company. Users will be notified at least 30 days before the end.
Service fees follow the pricing schedule posted on the Service. The Company may change the pricing schedule, but will provide 30 days' notice before price increases take effect for existing Users (subject to the Launch Customer provisions in Article 3, Paragraph 3). Fees are monthly, prepaid from the registration date in monthly increments. Payment is by credit card (through the Company's designated payment processor) or other methods designated by the Company. If payment is not completed by the due date, the Company may temporarily suspend Service access, which will be promptly restored upon payment confirmation.
Refund policy:
Consumption tax and other taxes are borne by the User.
Subject to the terms of these Terms, the Company grants Users a non-exclusive, non-transferable, non-sublicensable license to use the Service and Service Data for business purposes.
Under this license, Users may:
Users may not (see also Article 6 prohibited activities):
Intellectual property rights in User Data belong to the User. The Company claims no ownership over User Data. Users grant the Company the right to use and process User Data to the extent necessary for providing, operating, improving, and supporting the Service. The Company will not use User Data for its own business purposes (investment decisions, sales activities, etc.) or for training AI models. Handling of User Data upon cancellation follows Article 4, Paragraph 5 of the Privacy Policy.
Users shall not engage in the following activities:
Copying, redistributing, sharing with third parties, or reverse engineering of any Excel files or other downloadable content generated by the Service is strictly prohibited. Each output file contains embedded identifiers linked to the tenant and user. In the event of unauthorized distribution, we reserve the right to terminate the contract and pursue legal remedies.
Users shall not record the following information in any user-writable fields of the Service, including advisor memos, company memos, and all other free-text input areas:
Violation of this provision will result in immediate suspension or deletion of the User's account without prior notice. The Company assumes no liability for any damages suffered by the User or any third party arising from a violation of this provision.
In the event of a violation of prohibited activities, the Company may suspend or delete the User's account without prior notice and may seek damages.
The Service sets the following usage limits per plan to ensure stable service delivery for all Users.
Solo Plan (1 user)
Team Plan (up to 10 users)
Enterprise Plan
When usage limits are reached, the applicable feature is temporarily restricted until it resets on the 1st of the following month. Limits are enforced as soft walls — a warning is displayed when usage reaches 80% of the limit.
The Company may change usage limits within a reasonable range for the purpose of stable service operation. Users will be notified at least 30 days before changes take effect.
Service Data provided through the Service is obtained and processed from public information sources such as EDINET, J-Quants, the Tokyo Stock Exchange, and other sources, as well as timely disclosure information, press releases, and other self-reported information published by individual companies. The Company does not independently verify data obtained from these sources and makes no warranty regarding the accuracy, completeness, or appropriateness of information published by such sources. The Company assumes no liability for damages arising from errors, omissions, delays, specification changes, distribution discontinuation, or other causes attributable to such information sources.
The Company makes reasonable efforts to ensure completeness and timeliness of information but makes no warranty whatsoever regarding the following:
AI comments, AI company summaries, AI Advisor Commentary, and other AI-generated text produced by the Service (hereinafter "AI Content") are merely automatically generated reference information. The Company makes no warranty regarding the accuracy, appropriateness, completeness, or timeliness of AI Content. Users acknowledge in advance that AI Content may contain information that differs from facts, may omit important information, or may be inappropriate in context. AI Content does not constitute investment advice, financial advice, legal advice, or tax advice, and Users shall refer to it solely based on their own independent professional judgment.
The mere fact that a User has referenced or used the Service's information, figures, calculation results, or AI Content does not impose any liability on the Company toward the User or any third party.
The Company shall bear no liability whatsoever for any damages (including direct damages, indirect damages, lost profits, lost opportunities, reputational harm, compensation to clients, attorney fees, and damages of every other nature) arising from errors, omissions, delays, or failure of timely display of figures, calculation results, AI Content, or other information in the Service, or from reliance on the appearance of accuracy of such information.
Users shall make all investment decisions, business decisions, and advisory judgments based on data, figures, and AI Content obtained through the Service entirely at their own risk and responsibility. The Company assumes no responsibility for the process, results, or impact of such decisions.
Users bear the responsibility of independently reviewing and verifying the content of any analysis, materials, or advice provided to clients or other third parties based on information from the Service. The Company assumes no liability for damages suffered by third parties, including clients, as a result of Users providing information, advice, or materials to third parties, or for damages claimed against Users by third parties arising therefrom.
The Company endeavors to operate the Service stably, but does not guarantee specific uptime during the Beta Period. Scheduled maintenance will be announced on the Service or via email notification generally 24 hours in advance. This does not apply to emergency maintenance.
The Company is not liable for Service suspension or interruption due to the following:
In the event of a major outage (complete service interruption for 4 hours or more), the Company will provide a partial refund of the month's fees (see Article 4, Paragraph 5) and an incident report to Users.
All intellectual property rights in the Service (software, UI, design, algorithms, documentation, etc.) belong to the Company or their rightful owners. The Company's name, logo, "beluuga.ai," "Quzilla Capital," and other trademarks may not be used without prior written permission from the Company. Feedback, improvement suggestions, and ideas provided by Users to the Company may be freely used and implemented by the Company without compensation to the User, excluding Users' personal information and Business-Related Information. Intellectual property rights in public data used by the Service (EDINET, J-Quants, etc.) belong to their respective providers. Users are responsible for using such data in accordance with each provider's terms of use.
The Company shall not be liable for the following damages, except in cases of the Company's willful misconduct or gross negligence:
The Company's cumulative liability to any User shall not exceed the total fees paid by the User to the Company during the 12 months immediately preceding the month in which the damage occurred. Notwithstanding the foregoing, where the Company's willful misconduct or gross negligence is involved, or where the Consumer Contract Act or other mandatory provisions apply, such provisions shall prevail.
The Company shall not be liable for lost profits, lost opportunities, indirect damages, special damages, consequential damages, or punitive damages regardless of foreseeability, except where the Consumer Contract Act or other mandatory provisions apply.
Users may cancel the Service at any time. Cancellation is processed through the account settings page and takes effect at the end of the current monthly billing period. After cancellation, User Data is retained on our systems until the end of the month following the cancellation month. Users may export their data during this period. After this period, data is deleted in accordance with Article 5, Paragraph 4 and Article 4, Paragraph 5 of the Privacy Policy.
The Company may suspend or delete an account in the following cases:
For minor violations among the above, the Company will first notify the User with a request to remedy the issue and will suspend the account if the issue is not remedied within a reasonable period (generally 7 days). For material violations, unauthorized access, or legal violations, immediate suspension without prior notice may apply.
For cancellation or suspension not attributable to the Company, fees for the unexpired period after the cancellation date will not be refunded (except as provided in Article 4, Paragraph 5).
If the Company reasonably determines that a User's conduct violates or may violate the Financial Instruments and Exchange Act or other applicable laws, the Company may report such conduct to the Securities and Exchange Surveillance Commission (SESC), the Financial Services Agency (FSA), or other relevant authorities. The Company shall fully cooperate with investigations or inquiries by such authorities and may provide User Data, usage history, audit logs, and other information as necessary for such cooperation.
The Company may change the content of the Service. If important features are to be discontinued or major specification changes are to be made, Users will be notified 30 days in advance. If the Company terminates the Service due to unavoidable circumstances, Users will be notified 60 days in advance. In such case, fees for the unexpired period after the termination date will be refunded. After the termination notice, Users may export their User Data for 60 days from the date of notice.
Users represent and warrant that, currently and in the future, they do not fall under any of the following:
If a User violates the representations and warranties above, the Company may immediately suspend or delete the account without any prior notice. In such case, the Company shall bear no liability for damages to the User.
Users shall not disclose to third parties any non-public information of the Company (unreleased features, roadmap, pricing negotiation details, technical information, etc.) learned through use of the Service without the Company's prior written consent. The Company treats User Business-Related Information as confidential and implements the protective measures set forth in Article 4 of the Privacy Policy. The obligations under this Article survive for 3 years after termination of these Terms.
The Company may amend these Terms in accordance with the following procedures:
If you do not agree with a material change, you may cancel the Service before the effective date of the change. If you continue to use the Service after the effective date, you will be deemed to have agreed to the amended Terms.
These Terms are governed by and construed in accordance with the laws of Japan. Any dispute regarding the Service shall be subject to the exclusive jurisdiction of the Tokyo District Court as the court of first instance.
If any provision of these Terms is found invalid or unenforceable by a court of competent jurisdiction, such provision shall be modified or deleted to the minimum extent necessary, without affecting the validity or enforceability of the remaining provisions.
Failure by the Company to exercise any right under these Terms does not constitute a waiver of that right.
These Terms (including the Privacy Policy) constitute the entire agreement between the User and the Company regarding the use of the Service and supersede all prior oral or written agreements.
Users may not assign their rights or obligations under these Terms to any third party without the Company's prior written consent. The Company may transfer its rights and obligations under these Terms to a third party in connection with a merger, business transfer, or other organizational restructuring, with notice to Users.
The Japanese version of these Terms is the authoritative text. In the event of a discrepancy between the Japanese version and any translation, the Japanese version shall prevail.
For questions or opinions regarding these Terms, please contact us at the following. We will respond within 5 business days.
Quzilla Capital, Inc.
Email: hello@beluuga.ai
Website: https://beluuga.ai
Established: March 14, 2026 | Last updated: April 16, 2026
Quzilla Capital, Inc.