Uncertainty over Monetization and User Acquisition for Internet-Related Services
First written in FY2017. 15 of 22 entries say "Restated". Latest entry: 2026-08-06.
Asahi Net moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 6 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- 2026-08-06MaterialisedEarnings presentation
「manaba △１４」
売上高の前年同期比差異でmanabaの14百万円減収が示され、インターネット関連サービスの収益化・利用者獲得の不確実性が第1四半期にも実績化した。 - FY2026MaterialisedAnnual report
「Revenue from "manaba" for the fiscal year ending March 2026 was ¥560 million, down ¥16 million, or 2.9%, from the previous fiscal year.」
The uncertainty over monetisation and user acquisition for internet-related services materialised on an annual basis as a 2.9% year-on-year decline in manaba revenue. - FY2026-H1MaterialisedAnnual report
「Revenue from "manaba" for the six-month period was ¥290 million, down ¥2 million, or 0.7%, year on year.」
The uncertainty over revenue growth and user acquisition for internet-related services continued to materialise as a 0.7% year-on-year decline in manaba revenue. - FY2025-H1MaterialisedAnnual report
「Revenue from "manaba" for the six-month period was ¥292 million, down ¥20 million, or 6.4%, year on year.」
The uncertainty over revenue growth and user acquisition for internet-related services continued to materialise as a 6.4% year-on-year decline in manaba revenue. - FY2024MaterialisedAnnual report
「Revenue from "manaba" as of the end of March 2024 was ¥600 million, down ¥165 million, or 21.6%, year on year. The number of universities using manaba across all faculties declined by 7, resulting in lower revenue, because the reseller agreement with 株式会社レスポン ended at the end of March 2023 and cancellations occurred from April 2023 onward.」
The monetisation and user-acquisition risks for manaba arising from the end of the reseller agreement and university cancellations materialised on an annual basis as a 21.6% decline in revenue and a decrease in the number of universities using the service. - FY2024-Q3RestatedAnnual report
「Revenue declined because the reseller agreement with 株式会社レスポン ended at the end of March 2023 and seven universities cancelled their contracts from April 2023 onward.」
The decline in manaba revenue caused by the end of the reseller agreement with respon and cancellations by 7 universities has continued. This reconfirms the weakness in monetisation and user acquisition for related services identified in the previous quarter. - FY2024-Q2MaterialisedAnnual report
「Revenue from "manaba" in the second quarter was ¥312 million, down ¥82 million, or 20.8%, year on year. Revenue declined because the reseller agreement with 株式会社レスポン ended at the end of March 2023 and seven universities cancelled their contracts from April 2023 onward. The cancellations resulted from the expanded use of "Google Workspace" and "Microsoft 365" and the consolidation of these services with other services used within the universities.」
The risk of failing to acquire users and expand revenue from internet-related services materialised as a 20.8% decline in manaba revenue and cancellations by 7 universities. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2022RestatedAnnual report
「We plan to increase revenue per member while expanding our service membership by enhancing internet-related services other than our connectivity business. However, some internet-related services may take a considerable amount of time to commercialise or require substantial expenditure to develop.」
The risks of failing to monetise related services due to the time and costs required for commercialisation, user acquisition, and changes in the business environment have been reconfirmed. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2021RestatedAnnual report
「We plan to increase revenue per member while expanding our service membership by enhancing internet-related services other than our connectivity business. However, some internet-related services may take a considerable amount of time to commercialise or require substantial expenditure to develop.」
The risks of failing to monetise related services due to the time and costs required for commercialisation, user acquisition, and changes in the business environment have been reiterated. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2020RestatedAnnual report
「However, some internet-related services may take a considerable amount of time to commercialise or require substantial expenditure to develop. We also anticipate the possibility that, for some reason, our internet-related services may fail to acquire a sufficient number of users. In addition, unexpected changes may occur in the business environment for internet-related services.」
The risks of failing to monetise related services due to the time and costs required for commercialisation, user acquisition, and changes in the business environment have been reiterated. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the uncertainty over monetisation and user acquisition for internet-related services. - FY2019RestatedAnnual report
「However, some internet-related services may take a considerable amount of time to commercialise or require substantial expenditure to develop. We also anticipate the possibility that, for some reason, our internet-related services may fail to acquire a sufficient number of users. In addition, unexpected changes may occur in the business environment for internet-related services.」
The risks of failing to expand revenue from related services due to the time and costs required for commercialisation, user acquisition, and changes in the business environment have been reiterated. - FY2018RestatedAnnual report
「However, some internet-related services may take a considerable amount of time to commercialise or require substantial expenditure to develop. We also anticipate the possibility that, for some reason, our internet-related services may fail to acquire a sufficient number of users. In addition, unexpected changes may occur in the business environment for internet-related services. These factors may prevent us from expanding revenue from internet-related services as planned.」
The risks of failing to expand revenue from related services due to the time and costs required for commercialisation, user acquisition, and changes in the business environment have been reiterated. - FY2017First statedAnnual report
「We plan to increase revenue per member while expanding our service membership by enhancing internet-related services other than our connectivity business. However, some internet-related services may take a considerable amount of time to commercialise or require substantial expenditure to develop. We also anticipate the possibility that, for some reason, our internet-related services may fail to acquire a sufficient number of users. In addition, unexpected changes may occur in the business environment for internet-related services. These factors may prevent us from expanding revenue from internet-related services as planned.」
New risks have been disclosed for related services other than the connectivity business, including the time and costs required for commercialisation, failure to acquire users, and failure to expand revenue due to changes in the business environment.