Komori
ValueCommerce (2491) · RiskRestated

Dependence on the Performance of Commerce Operators

First written in FY2018. 13 of 17 entries say "Restated". Latest entry: FY2024.

17entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018 – FY2019RestatedFY2020-Q3 – FY2022-Q1RestatedFY2023-Q2 – FY20242019: 120192020: 320202021: 420212022: 320222023: 420232024: 120242025: 1
Same theme, other companies
Dependence on Internet Shopping Malls as Sales ChannelsA theme 12 companies write about · 14 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.

5 other companies' latest entry also says "Restated".

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. FY2024RestatedAnnual report

    「In addition, “STORE's R∞” remained at approximately the same level as in the prior fiscal year.」

    With regard to fluctuations in the performance of STORE's R∞, which is affected by the online mall’s services and usage conditions, the current fiscal year is described as being at a level similar to the previous fiscal year.
  2. FY2024-Q1RestatedAnnual report

    「STORE's R∞ declined slightly year on year due to the impact of reduced use by some stores.」

    The Company continues to disclose that service revenue fluctuates depending on the usage by commerce businesses and stores. At STORE's R∞, reduced usage by some stores had an impact.
  3. FY2023-Q3RestatedAnnual report

    「STORE's R∞, a CRM tool for stores on the online mall, recorded lower revenue year on year due to increased use of new advertising products for stores promoted by the online mall since October 2022, as well as the impact of changes to the online mall's campaign policy.」

    The document continues to state that revenue from services for commerce businesses remains subject to fluctuations caused by changes in advertising product usage and campaign policies on the online-mall side.
  4. FY2023-Q2RestatedAnnual report

    「STORE's R∞, a CRM tool for stores on the online mall, recorded lower revenue year on year due to increased use of new advertising products for stores promoted by the online mall since October 2022, as well as the impact of changes to the online mall's campaign policy.」

    The document continues to state that revenue from services for commerce businesses remains subject to fluctuations caused by changes in advertising product usage and campaign policies on the online-mall side.
  5. FY2023-Q1WorsenedAnnual report

    「STORE's R∞, a CRM tool for stores on the online mall, recorded lower revenue year on year due to increased use of new advertising products for stores promoted by the online mall since October 2022, as well as the impact of changes to the online mall's campaign policy.」

    Revenue from STORE's R∞ declined year on year as a result of changes in the use of advertising products and campaign policies on the online mall side. Revenue by service decreased from ¥1,181 million in the same quarter of the previous year to ¥661 million.
  6. FY2022RestatedAnnual report

    「CRM tool “STORE's R∞” experienced a substantial decline in revenue from the previous fiscal year, down 13.3%, owing to increased use of new advertising products for stores promoted by the online mall.」

    The company continues to confirm that performance of services for commerce businesses fluctuates in response to changes in advertising products and usage conditions on the online mall side, including for the full fiscal year.
  7. FY2022-Q3RestatedAnnual report

    「Meanwhile, revenue from the CRM tool STORE's R∞ declined year on year, as it was affected by the diversification of advertising products promoted by online malls.」

    STORE's R∞ recorded lower revenue due to the diversification of advertising products on the online mall, and the company continues to disclose that performance remains affected by the marketing environment and usage conditions of commerce operators.
  8. FY2022-Q2MaterialisedAnnual report

    「Revenue from the CRM tool “STORE's R∞” declined year on year, as it was affected by the diversification of advertising products promoted by the online marketplace and by increased usage by stores with lower commission rates.」

    Changes in customers' marketing environments and usage mix caused STORE's R∞ revenue to decline year on year, bringing to the fore the risk that performance is affected by commerce operators' performance.
  9. FY2022-Q1RestatedAnnual report

    「Although the travel and other fields involving going out remained sluggish, the e-commerce and financial fields grew, resulting in higher revenue from affiliate marketing than in the same quarter of the previous year.」

    Regarding performance fluctuations caused by customer demand conditions and other factors, the Company states that weakness continues in sectors involving travel and other outings, while growth in the e-commerce and financial sectors contributed to higher revenue.
  10. FY2021-Q3RestatedAnnual report

    「Although the employment sector and sectors involving travel and other out-of-home activities remained weak for affiliate marketing, revenue increased year on year due to a recovery in the financial sector that more than offset this weakness.」

    Regarding performance fluctuations resulting from customers' demand environment and other factors, the company states that weakness continued in sectors involving travel outside the home, such as recruitment and travel, while recovery in the financial sector contributed to higher revenue.
  11. FY2021-Q2RestatedAnnual report

    「During the six-month consolidated period under review, affiliate marketing was roughly in line with the previous year, as weakness continued in employment-related fields and areas involving travel and other outings, while the financial sector and other fields remained firm.」

    Regarding fluctuations in performance caused by customer demand conditions and other factors, the Company states that weakness continued in sectors involving travel outside the home, such as employment and travel, while the financial sector and other areas remained firm.
  12. FY2021-Q1RestatedAnnual report

    「Although signs of a gradual recovery have begun to emerge in affiliate marketing, weak performance in employment-related and travel-related fields involving going out resulted in lower revenue year on year.」

    Performance fluctuations resulting from customer demand conditions and performance continue to materialize as lower revenue in the employment sector and sectors involving travel and other out-of-home activities.
  13. FY2020RestatedAnnual report

    「While demand increased in areas such as e-commerce for the performance-based advertising service “Affiliate,” revenue declined in the travel, recruitment and financial sectors,」

    While the risk of performance fluctuating with customers' demand environment and business results has appeared throughout the fiscal year as lower revenue in the travel, recruitment and financial sectors, the disclosure also identifies areas such as e-commerce where demand has increased.
  14. FY2020-Q3RestatedAnnual report

    「While demand increased in areas such as e-commerce for the performance-based advertising service “Affiliate,” revenue declined in the travel, recruitment and financial sectors,」

    The risk that performance fluctuates depending on customer demand conditions and performance continues to materialize in lower revenue from the employment, travel, and financial sectors. Meanwhile, the disclosure also refers to areas such as EC where demand is increasing.
  15. FY2020-Q2MaterialisedAnnual report

    「While demand increased in areas such as e-commerce, revenue declined in some areas of travel, recruitment and financial services.」

    The risk that performance may fail to improve as expected due to customers' business results and demand conditions has materialized as lower revenue in certain areas of the travel, recruitment and financial sectors.
  16. FY2019RestatedAnnual report

    「Accordingly, if customer performance fails to improve as expected due to deterioration in customers' business performance or changes in their marketing policies, this may have a material impact on the performance of the company's group.」

    The company continues to identify the potential impact on performance if gross merchandise value fails to improve as expected due to changes in customers' performance and marketing policies.
  17. FY2018First statedAnnual report

    「If customer performance fails to improve as expected due to deterioration in customers’ results or changes in their marketing policies, this could have a material impact on our group’s results.」

    Specifically identifies the potential impact of customer underperformance or changes in marketing policies on the group’s results.
Moved together

"Downside Risk from Economic Slowdowns in Emerging Asian Countries and Financial Market Volatility" moved the same way as this thread, in the same document, in 2 of its 17 moves.

222★123
  1. ★This thread
  2. 1Downside Risk from Economic Slowdowns in Emerging Asian Countries and Financial Market Volatility2×
  3. 2Affiliate Business Revenue Growth and Maintenance of Profit Levels2×
  4. 3Focus on the R∞ Marketing Automation Service2×

★ 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 ValueCommerce yet.
News
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