Komori
Sds Holdings (1711) · InitiativeAdvanced

Moving Away from Dependence on Contracted and Subsidy-Related Businesses

First written in FY2022. 13 of 14 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-08-14.

14entries
5years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2023-Q1 – 2026-08-142022: 320222023: 420232024: 320242025: 220252026: 22026
Same theme, other companies
Diversifying Revenue Sources Through New BusinessesA theme 163 companies write about · 0 as a headwind · 168 as a tailwind

88 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 163 companies compared. The sentences above are computed from all 163.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「In the Energy-Efficiency Business, the company provides energy solutions and services to customer companies by promoting energy-efficiency initiatives. It also undertakes the introduction, planning, design, sale, construction and consulting of energy-efficiency-related facilities. For the six months ended September 2025, revenue was ¥253 million, down ¥80 million year on year, and segment profit (operating income) was ¥46 million, compared with segment profit of ¥20 million in the same period of the previous year. (Renovation Business) The Renovation Business engages in renovations and the sale of properties after renovation, consulting on asset management, real estate brokerage, real estate development, the purchase and sale, leasing and management of real estate, and brokerage and consulting for these activities. For the six months ended September 2025, revenue was ¥2,131 million, up ¥415 million year on year, and segment profit was ¥141 million, compared with segment profit of ¥92 million in the same period of the previous year.」

    Regarding the business portfolio aimed at reducing dependence on contract-based and subsidy-related businesses, the Energy-Saving-Related Business recorded segment profit of ¥46 million despite lower revenue, while the Renovation Business recorded higher revenue and profit, with revenue of ¥2,131 million and segment profit of ¥141 million. Both businesses generated segment profit.
  2. FY2025AdvancedAnnual report

    「In the energy-saving-related business, revenue for the current consolidated fiscal year was ¥689 million, down ¥201 million year on year, and segment profit, or operating income, was ¥51 million, compared with segment profit of ¥92 million in the same period of the previous year. In the renovation business, revenue for the current consolidated fiscal year was ¥3,345 million, up ¥100 million year on year, and segment profit was ¥145 million, compared with segment profit of ¥124 million in the same period of the previous year.」

    As part of the shift in its business portfolio to reduce dependence on contract-based and subsidy-related businesses, the Company recorded segment profit in both the energy-saving-related business and the renovation business. Profit was ¥51 million in the energy-saving-related business and ¥145 million in the renovation business.
  3. FY2025-H1AdvancedAnnual report

    「(Renovation Business) The Renovation Business engages in renovation and sales of renovated properties, consulting on asset management, real estate brokerage, subdivision, sale, leasing and management of real estate, as well as brokerage and consulting relating to these activities. During the current interim consolidated fiscal period, revenue was ¥1,715 million (up ¥157 million year on year) and segment profit was ¥92 million (segment profit of ¥66 million in the same period of the previous year).」

    The renovation business, a new growth pillar aimed at reducing dependence on contract-based and subsidy-related businesses, recorded revenue of ¥1,715 million and segment profit of ¥92 million in the interim consolidated accounting period, resulting in higher revenue and profit than in the same period of the previous year.
  4. FY2024AdvancedAnnual report

    「Accordingly, our future goal is to firmly establish each of the three businesses, namely the environmental and sanitation solutions business, renewable energy business and renovation business, as a reliable earnings division and link them to the next stage of growth.」

    Regarding expansion of the business domain to move away from dependence on contracted and subsidy-related businesses, the company clearly stated its goal of establishing 3 businesses as revenue-generating divisions: environmental and sanitation solutions, renewable energy and renovation. The renovation business recorded full-year revenue of ¥3,245 million and segment profit of ¥136 million.
  5. FY2024-Q3AdvancedAnnual report

    「(Renovation Business) The Renovation Business engages in renovations and the sale of properties after renovation, consulting on asset management, real estate brokerage, real estate development, the purchase and sale, leasing and management of real estate, and brokerage and consulting for these activities. For the nine months ended December 2025, revenue was ¥2,367 million, an increase of ¥257 million year on year, and segment profit was ¥101 million, a decrease of ¥6 million year on year.」

    The renovation business, which the company entered as a new business pillar, recorded revenue of ¥2,367 million, up ¥257 million year on year. Segment profit was ¥101 million, down ¥6 million year on year, but the business continued to generate profit.
  6. FY2024-Q2AdvancedAnnual report

    「(Renovation business) The renovation business engages in renovations and the sale of properties following renovation, consulting on asset management, the real estate brokerage business, the development, sale, purchase, leasing and management of real estate, and related brokerage and consulting services. For the second quarter of the consolidated cumulative period under review, revenue was ¥1,558 million, up ¥368 million year on year, and segment income was ¥72 million, compared with segment income of ¥45 million in the same period of the previous year.」

    The Renovation Business, which was launched as a new pillar to reduce dependence on contract-based and subsidy-related businesses, recorded revenue of ¥1,558 million, up ¥368 million year on year, and segment profit of ¥72 million, up from ¥45 million.
  7. FY2024-Q1AdvancedAnnual report

    「In addition, the renovation business, which the Company entered in the previous fiscal year, has established a structure capable of generating profit, and the Company will continue working to expand it. (Renovation Business) The renovation business engages in renovations and the sale of renovated properties, consulting on asset management, real estate brokerage, real estate development, the sale, purchase, leasing and management of real estate, and related brokerage and consulting services. For the cumulative first quarter, sales were ¥581 million (up ¥88 million year on year), and segment profit was ¥13 million (segment profit of ¥4 million in the same period of the previous year).」

    The Group explained that the Renovation Business had established a structure capable of generating profits as a new business pillar to reduce dependence on contract businesses and subsidy-related businesses, and reported revenue of ¥581 million and segment income of ¥13 million for the first quarter.
  8. FY2023AdvancedAnnual report

    「(Renovation Business) The Renovation Business engages in renovation and the sale of renovated properties, consulting related to asset management, real estate brokerage, real estate development, sales, purchases, leasing and management, as well as brokerage and consulting related to these activities. For the current consolidated fiscal year, revenue was ¥2,742 million and segment profit was ¥141 million.」

    As a new pillar aimed at reducing dependence on contracted projects and subsidy-related businesses, the renovation business generated full-year revenue of ¥2,742 million and segment profit of ¥141 million.
  9. FY2023-Q3AdvancedAnnual report

    「(Renovation business) The renovation business engages in renovations and the sale of properties after renovation, consulting on asset management, the real estate brokerage business, subdivision, sale, purchase, leasing and management of real estate, and brokerage and consulting for these activities. During the cumulative third quarter of the current consolidated fiscal year, the business recorded revenue of ¥2,110 million and segment profit of ¥108 million.」

    As a new pillar to reduce dependence on contract-based and subsidy-related businesses, the renovation business recorded revenue of ¥2,110 million and segment profit of ¥108 million for the nine-month cumulative period.
  10. FY2023-Q2AdvancedAnnual report

    「(Renovation Business) The Renovation Business engages in renovation and sales of renovated properties, consulting on asset management, real estate brokerage, subdivision, sale, leasing and management of real estate, as well as brokerage and consulting relating to these activities. During the cumulative second quarter of the current fiscal year, revenue was ¥1,189 million and segment profit was ¥45 million.」

    As a new pillar aimed at reducing dependence on contract-based and subsidy-related businesses, the renovation business generated net sales of ¥1,189 million and segment profit of ¥45 million in the six-month period of the current fiscal year.
  11. FY2023-Q1AdvancedAnnual report

    「Meanwhile, during the first quarter of the current consolidated fiscal year, the Company acquired shares in Yellow Capital Orchestra Co., Ltd. and made it a consolidated subsidiary, with synergies expected in the renovation business.」

    The company began operating the renovation business after making it a consolidated subsidiary and recorded revenue of ¥492 million in the quarter. The business had been considered as a new core business to reduce dependence on contracted services and subsidy-related businesses.
  12. FY2022First statedAnnual report

    「In response to these changes in the environment, we have considered making businesses that can create added value and develop markets through our own efforts a new core pillar, in order to reform a structure that makes it difficult to recover performance through self-help efforts and move away from dependence on contracted and subsidy-related businesses.」

    The Company first explicitly stated its intention to transform its business portfolio by moving away from contracted and subsidy-related businesses and making businesses capable of creating their own added value and developing markets a new core pillar.
Moved together

"Securing Operating Profit and Cash Flow and Establishing a Stable Earnings Base" moved the same way as this thread, in the same document, in 10 of its 14 moves.

10105554★123456
  1. ★This thread
  2. 1Securing Operating Profit and Cash Flow and Establishing a Stable Earnings Base10×
  3. 2Planning, Developing and Selling Energy-Saving and BCP-Ready Concept Homes10×
  4. 3Raising Funds to Promote Renewable Energy5×
  5. 4Providing Energy Solutions to Corporate Customers5×
  6. 5Going-Concern Risk from Persistently Negative Operating Cash Flow5×
  7. 6Profit Growth Through M&A4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Sds Holdings yet. It last moved in the Earnings of 2026-08-14: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.