Komori
Digital Hearts Holdings (3676) · RiskMaterialised

Performance Fluctuations Driven by Customer Development Plans and Individual Projects

First written in FY2016. 5 of 11 entries say "Materialised", first in FY2020. Latest entry: FY2025-H1.

11entries
9years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2017MaterialisedFY2020 – FY2021-Q3RestatedFY20222016: 320162017: 120172018: 020182019: 120192020: 320202021: 120212022: 120222023: 020232024: 12024
Same theme, other companies
Business Performance Fluctuations Due to System Investment Trends and Project Plan ChangesA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

Digital Hearts Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).

1 other company's latest entry also says "Materialised".

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. FY2025-H1MaterialisedAnnual report

    「Following a temporary decline in the profitability of a specific project due to a plan review by the client during the first quarter (April-June)」

    A plan review by the client actually caused the profitability of a specific project to decline temporarily, bringing to the surface the risk of project profitability volatility due to changes in the client's development plans.
  2. FY2022RestatedAnnual report

    「In contracted projects, it is difficult to completely eliminate risks arising from significant specification changes during development due to circumstances at the client company, or disagreements with the client regarding the deliverables. If such an event occurs and the project becomes unprofitable because the originally planned quality, cost and delivery schedule cannot be maintained, the Group's business or performance could be affected depending on the size of the project.」

    The disclosure reconfirms the risk that changes in client specifications or disagreements could prevent the maintenance of quality, cost and delivery schedules, making a project unprofitable.
  3. FY2021-Q3MaterialisedAnnual report

    「However, due to changes in customers’ development schedules associated with the spread of COVID-19 and difficult market conditions for amusement equipment, revenue from debugging services for the nine months ended the third quarter decreased 9.6% year on year to ¥9,633.430 million.」

    Changes in a client company's development schedule actually resulted in lower revenue affecting project-based debugging orders.
  4. FY2021-Q2MaterialisedAnnual report

    「However, as the spread of COVID-19 affected client companies, some title development was delayed or postponed. As a result, revenue from debugging services for the six months ended 30 September was ¥6,258.283 million, down 9.6% year on year.」

    Delays and postponements in a client company's title development actually resulted in a decline in debugging demand affecting project-based orders.
  5. FY2021-Q1MaterialisedAnnual report

    「However, some client companies experienced delays or postponements in title development, and demand for debugging, translation and localization temporarily declined due to the impact of lockdowns overseas and other factors. As a result, revenue from debugging services for the three months ended 30 June was ¥3,023.103 million, down 12.2% year on year.」

    Delays and postponements in a client company's title development actually occurred, resulting in a temporary decline in demand that affected project-based orders.
  6. FY2020MaterialisedAnnual report

    「Demand for outsourcing to the Group temporarily contracted because, among other factors, the COVID-19 pandemic caused some delays in customers’ development schedules.」

    The disclosure states that an event falling under project-based performance volatility risk occurred in the form of delays in a client company's development schedule.
  7. FY2019ReframedAnnual report

    「In contracted projects, it is difficult to completely eliminate risks arising from significant specification changes during development due to circumstances at the client company, or disagreements with the client regarding the deliverables. If such an event occurs and the project becomes unprofitable because the originally planned quality, cost and delivery schedule cannot be maintained, the Group's business or performance could be affected depending on the size of the project.」

    The risk arising from changes in clients' development plans has been made more specific as the risk that specification changes or disagreements could prevent the maintenance of quality, cost and delivery schedules, making a project unprofitable.
  8. FY2017RestatedAnnual report

    「The Group generally provides its user-debugging services after client companies have completed their development and production activities. Because orders are received on a project-by-project basis, significant changes in clients' development or production plans, or sudden increases or decreases in order volume, could affect the Group's performance.」

    Variations in clients' development and production plans and in project-based order volumes continue to be identified as factors causing performance volatility.
  9. FY2017-Q2RestatedAnnual report

    「In the gaming-machine market, regulations and other measures to curb the incentive to gamble have been introduced in stages for both pachinko and pachislot, significantly changing the industry's operating environment. Client companies' development schedules therefore remain fluid.」

    The disclosure continues to describe the fluidity of client companies' development schedules due to regulations and other measures in the gaming-machine market.
  10. FY2017-Q1RestatedAnnual report

    「In the gaming-machine market, regulations to curb the incentive to gamble have been introduced in stages for both pachinko and pachislot, significantly changing the industry's operating environment. Client companies' development schedules therefore remain fluid.」

    The fluidity of client companies' development schedules is again linked to tighter regulations in the gaming-machine market.
  11. FY2016First statedAnnual report

    「Because orders are received on a project-by-project basis for client companies' development projects, significant changes in their development or production plans, or sudden increases or decreases in order volume, could affect the Group's performance.」

    Project-based orders and changes in clients' development plans are identified as factors causing performance volatility.
Moved together

"Stagnation in Outsourcing Debugging Services" moved the same way as this thread, in the same document, in 5 of its 11 moves.

543222★123456
  1. ★This thread
  2. 1Stagnation in Outsourcing Debugging Services5×
  3. 2Dependence on the Entertainment Market4×
  4. 3Decline in Demand and Deterioration in Financial Condition Caused by COVID-193×
  5. 4Shareholder Returns Based on DOE2×
  6. 5Demand for Outsourced Debugging2×
  7. 6Rebuilding and Integration of the Creative Business2×

★ 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
Digital Hearts Holdings's next results are scheduled for 2026-11-05. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.