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iRidge (3917) · FactReframed

Revenue growth contribution from large app development and release projects

First written in FY2017-Q3. 7 of 14 entries say "Reframed", first in FY2018-Q3. Latest entry: FY2021-Q2.

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5years
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ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2017ReframedFY2018-Q3 – FY20182016: 12017: 420172018: 320182019: 220192020: 42020
Same theme, other companies
Earnings fluctuation due to the pullback from a one-off large-scale system development projectA theme 2 companies write about · 1 as a headwind · 1 as a tailwind

0 other companies' latest entry also says "Reframed".

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  1. FY2021-Q2ReframedAnnual report

    「Although digital marketing-related business centred on app development in the core O2O area remained solid, revenue declined because large-scale development projects had been concentrated in the same period of the previous year and offline promotions decreased as a result of restrictions on going out due to the spread of COVID-19.」

    The explanation has changed from large-scale development project launches contributing to higher revenue to one in which the reaction to the concentration of large-scale project acceptance in the same period of the previous year and the decline in offline promotions resulted in lower revenue for the current cumulative quarter.
  2. FY2021-Q1AdvancedAnnual report

    「In the core O2O area, the cancellation of offline events and reductions in client-company budgets resulting from restrictions on going out due to the impact of COVID-19 were factors, but the larger scale and higher value added of development projects contributed to revenue.」

    The explanation of revenue growth from large-scale development projects has become more specific, adding the contribution from higher value added to the previous emphasis on larger projects.
  3. FY2020ReframedAnnual report

    「Revenue was progressing steadily through the third quarter (1 April 2019–31 December 2019) toward March, which is usually the month with the highest revenue recognition, with progress against the full-year earnings forecast at approximately 70% at the end of the third quarter. However, from February this year, some projects were affected by the cancellation of various event promotions and other measures to prevent the spread of COVID-19, and revenue for the fourth quarter (1 January 2020–31 March 2020) fell below expectations.」

    Revenue that had been progressing through the third quarter on the back of large-scale projects shifted in the fourth quarter to a level below expectations because of event cancellations and project postponements resulting from measures to prevent the spread of infection.
  4. FY2020-Q3ReframedAnnual report

    「Although some large projects slipped into the fourth quarter during the third-quarter consolidated accounting period, progress was broadly in line with plan.」

    Although revenue progress has advanced as large-scale projects continued to launch, some projects have slipped into the fourth quarter, delaying the timing of their revenue contribution.
  5. FY2020-Q2AdvancedAnnual report

    「Revenue for the cumulative second quarter was ¥2,426.984 million, representing progress of approximately 44% against the full-year earnings forecast, compared with approximately 15% at the end of the first quarter. This was due to the continued launch of large-scale projects during the second-quarter consolidated accounting period.」

    The company explained that continued launches of large-scale projects in the second quarter increased revenue progress against the full-year earnings forecast from approximately 15% at the end of the first quarter to approximately 44%.
  6. FY2020-Q1AdvancedAnnual report

    「Due to the increase in large projects, work in process at the end of the first quarter had accumulated to approximately 3 times the year-earlier level on a non-consolidated basis, and the projects are scheduled for release sequentially from the second quarter onward.」

    The company explained that the number of large-scale projects increased and that projects scheduled for sequential launch from the second quarter onward were accumulating as work in progress.
  7. FY2018ReframedAnnual report

    「In app development, consulting and related services, there were large-scale app development and release projects, but revenue declined year on year due to the factors described above.」

    The situation has changed from the previous pattern of large-scale projects contributing to higher revenue to one in which full-year revenue declines because projects take longer to complete and for other reasons, even when large-scale projects are secured.
  8. FY2019-Q1ReframedAnnual report

    「In app development, consulting and related services, there were large-scale app development and release projects in the second and third quarters, but revenue remained at the same level as in the year-earlier period due to the factors described above.」

    The explanation has changed from the previous pattern of large-scale projects contributing to higher revenue to one in which, despite the presence of large-scale projects, cumulative sales from app development, consulting and other businesses remained at about the year-earlier level.
  9. FY2018-Q4ReframedAnnual report

    「In app development, consulting and related services, large-scale app development and release projects in the second quarter contributed to higher revenue.」

    The situation has changed from the previous quarter's revenue decline caused by the absence of a large-scale project launch, with large-scale app development and launch projects contributing to higher revenue this quarter.
  10. FY2018-Q3ReframedAnnual report

    「Within revenue, app development, consulting and other businesses fell below the year-earlier level because no large-scale app development project was launched during the cumulative first quarter, unlike in the same period of the previous year.」

    The explanation has changed from large-scale app development projects contributing to higher revenue to the current-quarter situation, in which the absence of a large-scale project launch resulted in app development and consulting revenue falling below the year-earlier level.
  11. FY2017RestatedAnnual report

    「In app development, consulting and related services, large-scale projects and continued efforts to deepen relationships with customers contributed to higher revenue.」

    The company reconfirms the pattern in which large-scale app development projects and deeper engagement with existing customers contribute to higher revenue.
  12. FY2018-Q1RestatedAnnual report

    「As a result, revenue for the cumulative third quarter was ¥1,105.817 million, up 27.1% year on year, as the increase in users, large-scale app development projects and ongoing app marketing contributed to higher revenue.」

    The company continued to explain that large-scale app development projects contributed to higher revenue, while this time also citing ongoing app marketing as a revenue growth driver.
  13. FY2017-Q4RestatedAnnual report

    「As a result, revenue for the cumulative second quarter was ¥643.795 million, up 30.9% year on year, as the increase in users and large-scale app development and launch projects contributed to higher revenue.」

    The company continued to explain that large-scale app development and launch projects contributed to higher revenue.
  14. FY2017-Q3First statedAnnual report

    「Revenue for the cumulative first quarter was ¥375.398 million, up 63.5% year on year, as large-scale app development and launch projects contributed to the increase in revenue.」

    The company explained that large-scale app development and launch projects were a revenue growth driver in the first quarter.
Moved together

"Revenue growth alongside declining profit" moved the same way as this thread, in the same document, in 6 of its 14 moves.

665443★123456
  1. ★This thread
  2. 1Revenue growth alongside declining profit6×
  3. 2Dilution of equity value resulting from the exercise of stock acquisition rights6×
  4. 3Deterioration in Project Profitability Due to Changes in Acceptance Timing and Specifications5×
  5. 4Additional Investment in New Services and New Businesses and Delayed Monetization4×
  6. 5Increase in Work-in-Process Inventory and Project Releases from the Second Quarter Onward4×
  7. 6Early Increases in Recruitment, Personnel and In-House Development Costs3×

★ 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.

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Revenue growth contribution from large app development and release projects | iRidge,Inc. (3917) | Komori