Komori
ValueCommerce (2491) · RiskMaterialised

Risk that the traditional profit structure will become difficult to maintain due to changes in the earnings base

First written in FY2025-H1. 3 of 5 entries say "Materialised", first in 2026-04-28. Latest entry: 2026-10-29.

5entries
2years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2025-H1Materialised2026-04-28 – 2026-10-292025: 120252026: 42026
Same theme, other companies
Deterioration of Profit Structure Due to Changes in Revenue BaseA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-10-29Worsenedkabutan.jp
    収益基盤の変化に伴う利益確保困難リスクが、2026年1~9月期の営業損失767百万円、経常損失749百万円及び最終損失661百万円としてさらに具体化している。
  2. 2026-10-29MaterialisedEarnings

    「2025年7月31日付で、オンラインモールのストア向けサービスに係る取引契約が終了した影響等により、売上高は8,379百万円となりました。」

    収益基盤の変化による利益確保困難リスクについて、主要サービスの契約終了影響が第3四半期累計の売上高8,379百万円、営業損失767百万円として継続して実績化している。
  3. FY2026-H1MaterialisedAnnual report

    「During the interim consolidated accounting period, revenue was ¥5,797 million, due mainly to the impact of the termination, as of 31 July 2025, of the transaction agreements relating to “StoreMatch,” a pay-per-click advertising service for stores on online malls, and “STORE's R∞,” a CRM tool. Operating loss was ¥560 million, ordinary loss was ¥548 million, and interim net loss was ¥460 million, due to the recognition of a gain on the sale of fixed assets.」

    The risk that changes in the earnings base will make it impossible to maintain the previous profit structure has materialized in the form of revenue of ¥5,797 million, an operating loss of ¥560 million, and an ordinary loss of ¥548 million after the termination of contracts for the core services.
  4. 2026-04-28MaterialisedEarnings

    「The operating loss was ¥235 million, the ordinary loss was ¥224 million and the quarterly net loss was ¥224 million.」

    Operating and ordinary losses were recorded, reflecting the risk that changes in the revenue base could make it difficult to maintain the previous profit structure.
  5. FY2025-H1First statedAnnual report

    「Revenue base: 2, 8. Difficulty securing profit because changes in the revenue base make it impossible to maintain the existing profit structure.」

    Newly disclosed as a top risk: changes in the revenue base may make it difficult to maintain the existing profit structure and secure profit. Frequency or likelihood was rated 2 and impact 8.
Moved together

"Revenue Growth and Declines in Operating and Net Profit" moved the same way as this thread, in the same document, in 4 of its 5 moves.

432★123
  1. ★This thread
  2. 1Revenue Growth and Declines in Operating and Net Profit4×
  3. 2Revenue growth in the travel tech business and wider losses due to upfront investment3×
  4. 3Dependence on Specific Services Including Yahoo! Shopping2×

★ 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. It last moved in the Earnings of 2026-10-29: "Materialised".