Stagnation of the Domestic Inbound Customer Referral Business From China
First written in FY2023-Q3. 5 of 12 entries say "Reframed", first in 2026-04-08. Latest entry: FY2026.
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- FY2026ReframedAnnual report
「The inbound referral business, which we have pursued for some time, was conducted mainly through our Group company INTRANCE Shanghai. However, emphasizing its operating costs and operational efficiency, the Company’s Board of Directors resolved on 8 April 2026 to dissolve and liquidate the company. Accordingly, going forward, the inbound referral business will be pursued and continued through collaboration with external companies in a manner that reduces the burden of fixed costs.」
The operating model changed from a customer referral business centered on the Shanghai entity to one that will continue through collaboration with external companies while limiting the burden of fixed costs. - FY2025-H1AdvancedAnnual report
「In the Other segment, during the current interim consolidated accounting period, we advanced the domestic inbound customer referral business of 瀛創（上海）商務咨洵有限公司, a consolidated subsidiary responsible for domestic inbound customer referrals from Greater China. However, as it currently remains limited to referring customers to hotels within the Group, its contribution to earnings was limited.」
The customer referral business, previously described as being under preparation with no revenue, progressed to the stage of referring customers to hotels within the Group. However, its contribution to earnings remains limited at present. - FY2024Limited earnings contribution after launchAnnual report
「In the Other segment, during the current consolidated fiscal year, we advanced the domestic inbound customer referral business of 瀛創（上海）商務咨洵有限公司, a consolidated subsidiary responsible for domestic inbound customer referrals from Greater China, as well as hotel investment initiatives centered on Japan Hotel Investment Co., Ltd. However, their contribution to earnings was limited, and no revenue was recorded in either the previous or current fiscal year. The segment loss (operating loss) was ¥32.514 million, compared with an operating loss of ¥32.334 million in the previous fiscal year.」
Although the customer referral business had launched, the business generated no full-year revenue together with the hotel investment business, resulting in a segment loss of ¥32.514 million. - FY2024-Q3AdvancedAnnual report
「In addition, under the Other segment, 瀛創（上海）商務咨洵有限公司, a consolidated subsidiary, launched its domestic inbound customer referral business, as announced in the “Notice Regarding the Launch of the Customer Referral Business of a Consolidated Subsidiary” dated 11 October 2023.」
The domestic inbound customer referral business of 瀛創（上海）商務咨洵有限公司, previously described as being under preparation with no revenue, is stated to have launched on 11 October 2023. However, the Other segment as a whole continued to generate no revenue during the cumulative period of the current quarter. - FY2024-Q2RestatedAnnual report
「In the Other segment, both the domestic inbound customer referral business of 瀛創（上海）商務咨洵有限公司, a consolidated subsidiary responsible for domestic inbound customer referrals from China, and the hotel investment fund business of Japan Hotel Investment Co., Ltd. were still being prepared. Accordingly, expenses only were incurred and no revenue was recorded in either the second quarter of the previous consolidated fiscal year or the second quarter of the current consolidated fiscal year.」
The domestic inbound customer referral business from China operated by the Shanghai entity remains in preparation, with no revenue recognized and expenses only being incurred. - FY2024-Q1Customer referral business remains in the preparation stage, with no revenue recognizedAnnual report
「In the Other segment, the domestic inbound customer referral business of 瀛創（上海）商務咨洵有限公司, a consolidated subsidiary responsible for domestic inbound customer referrals from China, remained in the preparation stage, generating expenses only. No revenue was recorded in either the first quarter of the previous consolidated fiscal year or the first quarter of the current consolidated fiscal year.」
The description changed from the previous quarter's “no progress in the business” to “preparation stage” this quarter. However, revenue remains absent and only expenses have been incurred. - FY2023-Q3First statedAnnual report
「In the other business, the domestic inbound customer-referral business operated by consolidated subsidiary 瀛創（上海）商務咨洵有限公司 made no progress, generating expenses only. Neither the same quarter of the previous year nor the cumulative third quarter under review recorded any revenue. Segment loss (operating loss) was ¥26,944 thousand, compared with an operating loss of ¥18,389 thousand in the same quarter of the previous year.」
The Shanghai subsidiary's domestic inbound customer-referral business made no progress and generated expenses but no revenue, resulting in a segment loss of ¥26,944 thousand.