Reforming the Earnings Structure of the Online Reuse Business
First written in FY2016. 15 of 31 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-12.
RenetJapanGroup moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「As a result, operating revenue for the segment was ¥8,450,864 thousand, up 8.1% from the previous consolidated fiscal year, while segment profit was ¥1,082,808 thousand, up 25.5%.」
The reuse and recycling business recorded higher revenue and profit, with segment profit increasing 25.5% from the previous year to ¥1,082,808 thousand. - FY2025-H1AdvancedAnnual report
「As a result, operating revenue for the segment was ¥4,113,405 thousand, up 8.2% from the previous year, while segment profit was ¥512,139 thousand, up 42.5%.」
The reuse and recycling business recorded higher revenue and profit, with segment profit improving 42.5% from the previous year. The disclosure indicates measurable progress in improving the earnings structure after several consecutive periods of deterioration on the profit side. - FY2024-Q2WorsenedAnnual report
「As a result, operating revenue for the segment was ¥3,800,671 thousand, down 2.5% from the same quarter of the previous year, while segment profit was ¥359,389 thousand, down 39.1%.」
The reuse and recycling business saw lower revenue, and segment profit also declined 39.1% from the same quarter of the previous year. Deterioration on the profit side of the earnings structure continues. - FY2024-Q1WorsenedAnnual report
「As a result, operating revenue for the segment was ¥1,850,257 thousand, down 0.8% from the same quarter of the previous year, while segment profit was ¥175,972 thousand, down 31.7%.」
The reuse and recycling business saw lower revenue, and segment profit also declined 31.7% from the same quarter of the previous year. - FY2023-Q3WorsenedAnnual report
「As a result, operating revenue for the segment was ¥6,658,077 thousand, up 21.6% from the same quarter of the previous year, while segment profit was ¥740,497 thousand, down 20.9%.」
Although the domestic Re business increased revenue, segment profit declined 20.9% from the same quarter of the previous year, indicating continued deterioration on the profit side of the earnings structure. - FY2023-Q2WorsenedAnnual report
「As a result, operating revenue for the segment was ¥3,988,156 thousand, up 11.5% from the same quarter of the previous year, while segment profit was ¥576,984 thousand, down 4.0%.」
Although the domestic Re business increased revenue, segment profit declined 4.0% from the same quarter of the previous year, indicating continued deterioration on the profit side. - FY2023-Q1WorsenedAnnual report
「As a result, operating revenue for the segment was ¥1,909,361 thousand, up 8.9% from the same quarter of the previous year, while segment profit was ¥253,408 thousand, down 13.6%.」
Although the domestic Re business increased revenue, segment profit declined 13.6% from the same period of the previous year, indicating continued deterioration on the profit side. - FY2022WorsenedAnnual report
「Although the company made aggressive marketing investments amid continued substantial growth, particularly in the small-appliance recycling business, it absorbed the resulting cost increase. In addition, valuation gains from the yen’s depreciation on overseas assets contributed to the company achieving record ordinary profit.」
While the company states that it absorbed the higher costs of marketing investment, segment profit in the domestic Re business was ¥1,241,086 thousand, down 5.7% from the previous consolidated fiscal year, indicating that profitability at the operating level remained weaker. - FY2022-Q3WorsenedAnnual report
「As a result, operating revenue for the segment was ¥5,475,932 thousand, up 7.2% from the same quarter of the previous year, while segment profit was ¥936,259 thousand, down 7.4%.」
Although the domestic Re business increased revenue, segment profit declined 7.4% from the same period of the previous year, indicating continued deterioration on the profit side. - FY2022-Q2WorsenedAnnual report
「The company regards the current period as one in which it will make “the right investments in the right initiatives” and is working to increase investment in future strategies, including marketing investment to strengthen its advertising strategy. As a result, operating revenue for the segment was ¥3,577,295 thousand, up 8.9% from the same quarter of the previous year, while segment profit was ¥600,721 thousand, down 15.0%.」
While expanding marketing investment in future strategies, the domestic Re business increased revenue but segment profit declined 15.0% from the same quarter of the previous year, indicating deterioration on the profit side, including the burden of investment. - FY2022-Q1WorsenedAnnual report
「As a result, operating revenue for the segment was ¥1,752,559 thousand, up 12.1% from the same quarter of the previous year, while segment profit was ¥293,291 thousand, down 9.7%.」
Although operating revenue in the domestic Re business increased 12.1% from the same quarter of the previous year, segment profit declined 9.7%, indicating deterioration on the profit side of the earnings structure. - FY2021AdvancedAnnual report
「Amid continued substantial growth in the domestic Re business, comprising reuse and small-appliance recycling, the company made strategic marketing investments for the following fiscal year and absorbed the resulting cost increase, achieving record operating profit and ordinary profit.」
The company absorbed the higher costs associated with strategic marketing investment and achieved record operating profit and ordinary profit in the domestic Re business. - FY2021-Q2AdvancedAnnual report
「As a result, operating revenue for the segment was ¥3,285,496 thousand, up 45.8% from the same quarter of the previous year, and segment profit was ¥706,422 thousand, up 151.3%.」
Operating revenue and profit increased substantially in the segment integrating reuse and recycling under the domestic Re business, demonstrating the results of improvements to the earnings structure. - FY2020AdvancedAnnual report
「Gross margin improved as average selling prices rose, particularly for high-priced products such as bundled comics and game software, for which demand increased as people stayed home. Profitability also improved through measures to control selling, general and administrative expenses. As a result, operating revenue for the segment was ¥3,920,468 thousand, up 12.2% from the previous consolidated fiscal year, and segment profit was ¥544,825 thousand, up 59.8%.」
Gross margin and profitability improved through stronger handling of high-priced products and control of selling, general and administrative expenses, resulting in a 59.8% year-on-year increase in segment profit. - FY2020-Q3AdvancedAnnual report
「Improved gross margin through stronger handling of high-margin products such as bundled items and hobby goods, together with improved profitability through measures to control selling, general and administrative expenses, resulted in operating revenue of ¥2,843,788 thousand, up 8.9% from the same quarter of the previous year, and segment profit of ¥371,229 thousand, up 51.8%.」
Stronger handling of high-margin products and control of selling, general and administrative expenses resulted in a 51.8% year-on-year increase in segment profit in the reuse business. - FY2020-Q2WorsenedAnnual report
「Operating revenue was ¥1,781,569 thousand, up 3.5% from the same quarter of the previous year, and segment profit was ¥156,271 thousand, down 1.8%, as aggressive investment in advertising expenses during the peak purchasing season increased purchases.」
While aggressive investment in advertising expenses increased revenue, segment profit in the reuse business declined 1.8% from the same period of the previous year. - FY2020-Q1WorsenedAnnual report
「The company aggressively invested in product-acquisition costs, mainly advertising expenses, during the peak purchasing season, maintained stable management of gross margin and other areas, and strengthened its handling of high-margin products such as bundled items and hobby goods. As a result, operating revenue was ¥838,540 thousand, up 0.2% from the same quarter of the previous year, while segment profit was ¥53,708 thousand, down 23.3%.」
Although the company aggressively invested in advertising expenses, managed gross margin, and strengthened high-margin products, segment profit in the reuse business declined 23.3% from the same quarter of the previous year. - FY2019AdvancedAnnual report
「In addition, through measures including the appropriate deployment of product-acquisition costs, mainly advertising expenses, during the peak purchasing season; maintaining stable pricing management, including gross margin; and strengthening the handling of high-margin products such as bundled items and hobby goods, the company aims to achieve steady growth」
The company continued earnings-improvement measures combining product-acquisition costs, pricing management, and high-margin products, and segment profit in the online reuse business increased 9.7% from the same period of the previous year. - FY2019-Q3MitigatedAnnual report
「The number of purchases increased following improvements to the application website, while efforts to reduce selling costs resulted in operating revenue of ¥2,610,370 thousand, up 0.7% year on year, and operating profit of ¥244,632 thousand, up 19.9% year on year.」
The company continues to document improvements in the previously deteriorated earnings structure of the online reuse business through website improvements and selling-cost reductions. - FY2019-Q2MitigatedAnnual report
「Following a review of the service website of a partner company, operating revenue was ¥1,720,820 thousand, down 1.0% year on year, while operating profit increased 15.2% year on year to ¥159,179 thousand due to lower payment processing fees.」
Operating profit in the online reuse business increased 15.2% from the same quarter of the previous year due to lower payment processing fees, documenting an improvement in the earnings structure. - FY2019-Q1MitigatedAnnual report
「The company implemented measures including improvements to its service website for smartphones and worked to reduce selling costs. As a result, operating revenue was ¥837,107 thousand, down 0.9% from the same quarter of the previous year, while operating profit was ¥70,025 thousand, up 25.6%.」
Although revenue in the online reuse business declined slightly, operating profit increased 25.6% year on year due to selling-cost reductions and other factors, indicating an improvement in the previously deteriorated earnings structure. - FY2018-Q3WorsenedAnnual report
「Against this backdrop, the company worked to acquire new customers by strengthening incentives, improving its service website to reflect existing customers’ needs and increase repeat purchases, and diversifying sales channels centered on its own website, including Amazon, Yahoo! Shopping, and Rakuten Ichiba. It also implemented measures including the appropriate deployment of product-acquisition costs, mainly advertising expenses, during the peak purchasing season; maintaining stable pricing management, including gross margin; and strengthening the handling of high-margin products such as bundled items and hobby goods. However, profit declined in the third quarter due to higher Amazon selling fees and head office relocation costs, among other factors.」
Despite continuing measures related to customer acquisition, pricing management, and high-margin products, the online reuse business deteriorated from operating profit of ¥37,905 thousand in the same period of the previous year to an operating loss of ¥4,664 thousand due to higher Amazon selling fees and head office relocation costs, among other factors. - FY2018-Q2WorsenedAnnual report
「The company worked to acquire new customers by strengthening incentives, improving its service website to reflect existing customers’ needs and increase repeat purchases, and diversifying sales channels centered on its own website, including Amazon, Yahoo! Shopping, and Rakuten Ichiba. It also implemented measures including the appropriate deployment of product-acquisition costs, mainly advertising expenses, during the peak purchasing season; maintaining stable pricing management, including gross margin; and strengthening the handling of high-margin products such as bundled items and hobby goods. However, profit declined in the second quarter due to higher Amazon selling fees and head office relocation costs, among other factors.」
Despite implementing various customer-acquisition and earnings-improvement measures, the online reuse business posted an operating loss for the six months ended the second quarter due to higher Amazon selling fees and head office relocation costs, among other factors. - FY2018-Q1WorsenedAnnual report
「Although the company implemented these measures, profit declined in the first quarter due to higher Amazon selling fees and head office relocation costs, among other factors.」
Despite implementing customer-acquisition and earnings-improvement measures, the online reuse business deteriorated from operating profit in the same period of the previous year to an operating loss due to higher Amazon selling fees and head office relocation costs, among other factors. - FY2017MitigatedAnnual report
「Entering the fourth quarter, competition eased and purchase CPA was optimized, with performance recovering to the previous year’s level as of September 2017. Excessive spending on purchasing-related advertising was also curbed, and the earnings structure is now recovering. In the first through third quarters, the company had used “purchase amount” as an internal KPI, which resulted in overpaying and a decline in gross margin. In the fourth quarter, however, it substantially revised this approach and successfully achieved both exceeding the previous year’s number of applications and controlling the purchase amount, which equaled the procurement cost.」
For purchase CPA, advertising expenses, and gross margin, which had deteriorated due to changes in the competitive environment, the company revised advertising spending and KPIs in the fourth quarter, documenting both a recovery in its earnings structure and control of application volumes and procurement costs. - FY2017-Q3WorsenedAnnual report
「However, in the third quarter, changes in the competitive environment for online mail-in purchasing led the company to increase fixed costs by aggressively investing in advertising expenses. In addition, misjudgments in controlling purchase prices led to a decline in gross margin. As a result, segment revenue was ¥2,592,388 thousand, down 1.8% from the same quarter of the previous year, and operating profit was ¥37,905 thousand, down 76.1%.」
While increasing advertising expenses in response to the competitive environment, the online reuse business saw a significant decline in profit due to higher fixed costs and a lower gross margin. - FY2017-Q2RestatedAnnual report
「The company implemented measures including the efficient deployment of product-acquisition costs, mainly advertising expenses, during the peak purchasing season; appropriate pricing management through planned gross-margin targets; and strengthening the handling of high-margin products such as bundled items and hobby goods.」
The company continues measures to improve its earnings structure, focusing on product-acquisition costs, pricing management, and high-margin products. - FY2017-Q1RestatedAnnual report
「The company implemented measures including the appropriate deployment of product-acquisition costs, mainly advertising expenses, during the peak purchasing season; maintaining stable pricing management, including gross margin; and strengthening the handling of high-margin products such as bundled items and hobby goods.」
The company is implementing measures to improve its earnings structure through advertising expenses, pricing management, and the handling of high-margin products. - FY2016First statedAnnual report
「The company will improve customer acquisition by enhancing the functions of its own website, expand sales and purchasing, and reduce costs arising from external dependencies.」
The company aims to strengthen its earnings base by improving productivity at its product centers, reviewing delivery methods, and reviewing fixed costs.