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Japan PropTech (4054) · FactWorsened

A Stable Financial Base Supported by Low Churn and Recurring Revenue

First written in FY2020. 16 of 24 entries say "Restated". Latest entry: FY2026.

24entries
7years
5from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2020 – FY2021-Q3RestatedFY2022-Q1 – FY2022-Q3RestatedFY2023-Q1 – FY2023-Q3AdvancedFY2024 – FY20252020: 220202021: 420212022: 420222023: 320232024: 320242025: 120252026: 72026
Same theme, other companies
Subscription/Recurring Revenue Base and KPI ManagementA theme 113 companies write about · 2 as a headwind · 152 as a tailwind

5 other companies' latest entry also says "Worsened".

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.
Showing 14 of the 113 companies compared. The sentences above are computed from all 113.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「As a result, churn was 0.5% at the end of the fiscal year ended June 2026.」

    Churn rose from 0.4% in the previous fiscal year to 0.5%. Meanwhile, the company continues to describe a revenue structure centered on recurring revenue.
  2. FY2026-H1RestatedAnnual report

    「The cancellation rate has remained low and stable, allowing monthly usage fees to continue accumulating steadily.」

    Against a backdrop of low and stable churn, the company continues to describe the characteristics of a recurring-revenue model in which monthly fees build steadily.
  3. FY2025AdvancedAnnual report

    「The products and services provided through our real estate business support segment are highly valued for their convenience and continue to be used by customers, and churn stood at 0.4% at the end of the fiscal year ended June 2025. In addition, approximately 78% of our total revenue for the fiscal year ended June 2025 consisted of recurring revenue, substantially exceeding initial revenue.」

    Churn declined from 0.5% in the previous fiscal year to 0.4%, while the recurring-revenue ratio rose from approximately 73% to approximately 78%.
  4. FY2024AdvancedAnnual report

    「The products and services provided through the real estate business support segment are valued for their convenience and designed for continued use, and churn stood at 0.5% at the end of the fiscal year ended June 2024. In addition, approximately 73% of the Group's total revenue for the fiscal year ended June 2024 was recurring revenue, exceeding initial revenue from new customers and other sources.」

    Churn declined from 0.6% in the previous fiscal year to 0.5%, while the recurring-revenue ratio was maintained at approximately 73%.
  5. FY2024-Q3RestatedAnnual report

    「Churn has remained low and stable, and monthly fees consequently built steadily.」

    Against a backdrop of low and stable churn, the company continues to describe the characteristics of a recurring-revenue model in which monthly fees build steadily.
  6. FY2024-Q2RestatedAnnual report

    「Churn has remained low and stable, and monthly fees consequently built steadily.」

    Against a backdrop of low and stable churn, the company continues to describe a revenue structure in which monthly fees for its management solutions build steadily.
  7. FY2023AdvancedAnnual report

    「Churn stood at 0.6% at the end of the fiscal year ended June 2023. In addition, approximately 73% of the Group's total revenue for the fiscal year ended June 2023 was recurring revenue, exceeding initial revenue from new customers and other sources.」

    Churn was maintained at 0.6%, while the recurring-revenue ratio rose from approximately 65% in the previous fiscal year to approximately 73%.
  8. FY2023-Q3RestatedAnnual report

    「Churn has remained low and stable, and monthly fees consequently built steadily.」

    Against a backdrop of low and stable churn, the business continues to exhibit the characteristics of a recurring-revenue model, with monthly fees building steadily.
  9. FY2023-Q2RestatedAnnual report

    「Monthly subscription fees accumulated steadily because the churn rate has remained low and stable.」

    The business continues to exhibit the characteristics of a recurring-revenue model, with churn remaining low and stable and monthly fees building steadily.
  10. FY2023-Q1RestatedAnnual report

    「Meanwhile, monthly subscription fees accumulated steadily because the churn rate has remained low and stable.」

    The company continues to show the characteristics of stock-based revenue, with a low and stable churn rate and steadily accumulating monthly subscription fees.
  11. FY2022AdvancedAnnual report

    「As of the end of the fiscal year ended June 2022, the churn rate remained at 0.6%. In addition, approximately 65% of the company group’s total revenue in the fiscal year ended June 2022 was stock-based revenue, exceeding initial revenue from new customers and others.」

    The company maintained a churn rate of 0.6%, while the proportion of stock-based revenue rose from approximately 64% previously to approximately 65%.
  12. FY2022-Q3RestatedAnnual report

    「For the management solution, sales to new customers and resales to existing customers, including version upgrades and additional options, progressed smoothly. Monthly subscription fees also accumulated steadily, supported by expanded sales through IT introduction subsidies and growing demand to migrate Rent Revolution to its cloud version.」

    The company continues to explain a revenue structure in which monthly subscription fees accumulate steadily against a backdrop of new sales, resales to existing customers, IT introduction subsidies and migration to the cloud version.
  13. FY2022-Q2RestatedAnnual report

    「For the management solution, sales to new customers and resales to existing customers, including version upgrades, progressed smoothly. Monthly subscription fees also accumulated steadily, supported by expanded sales through IT introduction subsidies and growing demand to migrate Rent Revolution to its cloud version.」

    The company continues to show a revenue structure in which monthly subscription fees accumulate against a backdrop of new sales, resales to existing customers, IT introduction subsidies and migration to the cloud version.
  14. FY2022-Q1RestatedAnnual report

    「For the management solution, sales to new customers and resales to existing customers progressed smoothly. Monthly subscription fees also accumulated steadily, supported by expanded sales through IT introduction subsidies and growing demand to migrate Rent Revolution to its cloud version.」

    The company continues to explain the accumulation of monthly subscription fees against a backdrop of new sales, resales to existing customers, IT introduction subsidies and demand to migrate to the cloud version.
  15. FY2021AdvancedAnnual report

    「The products and services provided through the real estate business support business are designed for continued use because customers value their convenience. As of the end of the fiscal year ended June 2021, the churn rate remained at 0.6%. In addition, approximately 64% of the company’s total revenue in the fiscal year ended June 2021 was stock-based revenue, exceeding initial revenue from new customers and others.」

    The company maintained a churn rate of 0.6%, while the proportion of stock-based revenue rose from approximately 60% in the previous disclosure to approximately 64%.
  16. FY2021-Q3RestatedAnnual report

    「In addition, revenue from the management solution totaled ¥1,294,495 thousand.」

    The company continues to show revenue from management solutions and the accumulation of monthly subscription fees, supported by sales to new and existing customers, IT introduction subsidies and demand to migrate to the cloud version.
  17. FY2021-Q2RestatedAnnual report

    「A feature of the company’s business activities during the COVID-19 pandemic was the continued increase in cloud service projects in line with growing demand for telework.」

    The company continues to show that cloud service projects are increasing against a backdrop of demand for telework and that stock-based monthly subscription fees are accumulating steadily.
  18. FY2021-Q1RestatedAnnual report

    「Monthly subscription fees also accumulated steadily, supported by expanded sales through IT introduction subsidies and growing demand to migrate Rent Revolution to its cloud version.」

    The company explained that monthly subscription fees accumulated steadily against a backdrop of demand to migrate to the cloud version.
  19. FY2020First statedAnnual report

    「As of the end of the fiscal year ended June 2020, the churn rate remained at 0.6%. In addition, approximately 60% of the company’s total revenue in the fiscal year ended June 2019 was recurring revenue from existing customers, exceeding initial revenue from new customers and others.」

    The company described the quarterly average monthly churn rate and the proportion of recurring revenue from existing customers as characteristics of its business.
Moved together

"Expansion of the User Base and Customer Base of the Real Estate BB Platform" moved the same way as this thread, in the same document, in 5 of its 24 moves.

544333★123456
  1. ★This thread
  2. 1Expansion of the User Base and Customer Base of the Real Estate BB Platform5×
  3. 2Creating an Innovative Technology Platform for the Real Estate Sector4×
  4. 3Analytical services using property, tenant and transaction data4×
  5. 4Expanding the Customer Base and Upselling Through the Free “Real Estate BB” Platform3×
  6. 5Strengthening New Businesses Leveraging AI and Big Data3×
  7. 6Research and Development in Big Data, AI, Voice Recognition and Image Recognition3×

★ 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
No upcoming earnings preview for Japan PropTech yet. It last moved in the Management Planning of 2026-09-24: "Cited as achieved".
A Stable Financial Base Supported by Low Churn and Recurring Revenue | Japan PropTech Co.,Ltd. (4054) | Komori