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GiG Works (2375) · InitiativeAdvanced

Measures to improve the value and profitability of shared offices, including Smart Office

First written in FY2021-Q3. 5 of 11 entries say "Advanced", first in FY2022. Latest entry: FY2026-H1.

11entries
6years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2021-Q3 – FY2022-Q2RestatedFY2023-Q1 – FY2023-Q3AdvancedFY2024-Q2 – FY2026-H12021: 120212022: 220222023: 320232024: 220242025: 120252026: 22026
Same theme, other companies
Expansion of the customer and member base for rental officesA theme 2 companies write about · 0 as a headwind · 3 as a tailwind

0 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.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「As the role of offices has changed with the diversification of working styles and the spread of remote work, and as demand for shared offices has increased as an option for responding to rising office rents in the Tokyo metropolitan area, we have revamped our offering into 9 contract plans that customers can choose according to their needs. By strengthening web marketing, membership increased to 26,800, and utilisation and usage rates at existing offices also improved.」

    The company revamped its shared-office offering from 6 to 9 contract plans and, by strengthening web marketing, achieved membership of 26,800 and higher utilisation and usage rates at existing offices.
  2. FY2025AdvancedAnnual report

    「We have revamped our offering into 6 contract plans that customers can choose according to their needs. Following the strengthening of web marketing, membership reached 25,300, and utilisation and usage rates at existing offices also increased.」

    The company revamped its shared-office offering into 6 contract plans and reported membership of 25,300, together with higher utilisation and usage rates, following the strengthening of web marketing.
  3. FY2025-H1AdvancedAnnual report

    「Against a backdrop of rising demand for shared offices as socioeconomic activity normalises, we have revamped our offering into 6 contract plans that customers can choose according to their needs. In addition, following the strengthening of web marketing, membership reached 23,300, while utilisation and usage rates at existing offices also increased further.」

    The company revamped its shared-office offering into 6 contract plans and, by strengthening web marketing, achieved membership of 23,300 and higher utilisation and usage rates at existing offices.
  4. FY2024-Q2AdvancedAnnual report

    「Following the discontinuation of unprofitable services in the previous fiscal year, we refreshed the services offered during the current fiscal year. In addition, during the current period, we focused on profit-oriented operations by holding back on opening directly operated shared-office locations and prioritising higher utilisation rates at existing locations, resulting in a significant improvement in profitability.」

    Following the discontinuation of unprofitable services, the company refreshed its service offerings and held back on opening new locations, prioritising higher utilisation rates at existing locations. As a result, profitability improved significantly.
  5. FY2024-Q1ReframedAnnual report

    「Against this backdrop, during the current period the company is prioritising higher utilisation at existing locations and pursuing operations focused on profit growth, without opening company-operated shared offices.」

    In addition to improving profitability through reviews of contractual terms and cost reductions, the company is refocusing operations on profit growth by prioritising higher utilisation at existing locations over opening new ones.
  6. FY2023-Q3Improved utilisation alongside cost headwindsAnnual report

    「During the current period, the effects of promotional measures such as the zero initial-fee campaign and rising utility costs affected the year-on-year decline in segment profit for the nine-month cumulative period. However, the effects of the campaigns and the rapid return to normal life as it was before the COVID-19 pandemic have also helped improve shared-office utilisation.」

    Utilisation improved through measures such as the zero initial-fee campaign, while rising utility costs and other factors contributed to the year-on-year decline in segment profit.
  7. FY2023-Q1RestatedAnnual report

    「We will continue working to increase the number of members through promotional campaigns, rent reviews, and cost reductions, as well as to improve member convenience by enhancing app functionality.」

    The company continues to pursue sales promotions, rent reviews, cost reductions, and enhanced app functionality to increase shared-office membership and improve profitability.
  8. FY2022AdvancedAnnual report

    「Initiatives including rent reviews, cost reductions, increased advertising spending, and improved member convenience through the conversion of services into apps led to a significant reduction in the segment loss compared with the same period of the previous year.」

    To improve shared-office profitability, the company reviewed rents, reduced costs, increased advertising spending, and converted services into apps, reducing the segment loss.
  9. FY2022-Q2RestatedAnnual report

    「Under these circumstances, we will continue to actively review the contractual terms of directly operated locations, promote advertising and sales activities, actively enhance brand value, and pursue business alliances with companies in other industries. We will work to enhance user value and expand revenue.」

    The company continues to implement measures to enhance the value and profitability of shared offices through reviews of contractual terms at directly operated locations, advertising, brand-value enhancement, and alliances with companies in other industries.
  10. FY2021RestatedAnnual report

    「Under these circumstances, we will continue to actively review the contractual terms for company-operated locations, promote advertising activities, rebuild brand value and pursue business alliances with companies in other industries, while working to improve user value and expand earnings.」

    The company continues to implement measures combining contractual-term reviews, advertising, branding, and alliances with companies in other industries to enhance the value and profitability of its shared offices.
  11. FY2021-Q3First statedAnnual report

    「Going forward, we will continue to actively review the contractual terms of directly operated stores, promote advertising activities, rebuild brand value and pursue business alliances with other industries to improve the value of using the shared offices operated by the Company and expand revenue.」

    For the first time, specifically describes measures to improve use value and revenue through contract reviews, advertising, brand rebuilding and alliances with other industries in response to continued losses in the shared-office business.
Moved together

"Expanding the number of companies using the serviced-office business" moved the same way as this thread, in the same document, in 5 of its 11 moves.

544433★123456
  1. ★This thread
  2. 1Expanding the number of companies using the serviced-office business5×
  3. 2Higher equity ratio4×
  4. 3Higher coworking-space revenue and segment profit4×
  5. 4Expanding the coworking-space business by opening new offices4×
  6. 5Completion of Windows XP replacement demand, end of special-demand projects and reduced capital spending by telecommunications carriers3×
  7. 6Operating 47 serviced offices, primarily in the Tokyo metropolitan area3×

★ 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 GiG Works yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.