Decline in Revenue from Offshore IT Development Services
First written in FY2022-Q1. . Latest entry: FY2025-H1.
1 other company's latest entry also says "Other".
- FY2025-H1Narrower Decline, with Continued Business ReductionAnnual report
「For this service, we worked to scale back the business in order to focus on SaaS services. As a result, revenue for the interim consolidated accounting period was ¥7.165 million, down 49.8% year on year.」
We continued to scale back IT offshore development services, and revenue declined 49.8% year on year. The rate of decrease narrowed from the 65.2% decline for the previous full fiscal year. - FY2024Wider decline; continued business contractionAnnual report
「For this service, we worked to scale back the business in order to focus on SaaS services. As a result, revenue was ¥24.346 million, down 65.2% from the previous consolidated fiscal year.」
We continued to scale back IT offshore development services to focus on SaaS, and revenue declined 65.2% year on year. - FY2024-H1Wider decline; continued business contractionAnnual report
「For this service, we worked to scale back the business in order to focus on SaaS services. As a result, revenue for the interim consolidated accounting period was ¥14.260 million, down 64.6% year on year.」
IT offshore development services declined 64.6% year on year under the policy of scaling back the business to focus on SaaS, with the rate of decrease widening further. - FY2024-Q1Wider decline; continued business contractionAnnual report
「Revenue from this service declined from the previous fiscal year because we focused on SaaS services and also sought to scale down this service. As a result, revenue for the cumulative first-quarter consolidated period was ¥11.825 million, down 46.8% year on year.」
IT offshore development services declined 46.8% year on year under the policy of scaling back the business, compared with a 19.7% decline for FY2023 as a whole, indicating a widening rate of decrease. - FY2023Wider decline; business contractionAnnual report
「Revenue from this service declined from the previous fiscal year because we focused on SaaS services and also sought to scale down this service. As a result, revenue was ¥69.961 million, down 19.7% from the previous consolidated fiscal year.」
Revenue from IT offshore development services declined from 15.4% year on year for the cumulative third quarter of FY2023 to 19.7% for the full fiscal year, widening the rate of decline. A policy to scale down the service was also explicitly stated. - FY2023-Q3Widening DeclineAnnual report
「For this service, lab-based development projects from existing customers remained relatively solid, while one-off contract development declined year on year, partly because we focused on SaaS services. As a result, revenue for the cumulative third-quarter consolidated period was ¥57.315 million, down 15.4% year on year.」
Revenue from IT offshore development services declined 15.4% year on year after a 0.8% increase in the first quarter and a 14.0% decline in the second quarter. Lab-based development remained relatively solid, but the decline in one-off contract development continued. - FY2023-Q2Turned from growth to declineAnnual report
「For this service, lab-based development projects from existing customers remained relatively solid, while one-off contract development declined year on year, partly because we focused on SaaS services. As a result, revenue for the cumulative second-quarter consolidated period was ¥40.227 million, down 14.0% year on year.」
Revenue from IT offshore development services turned from a 0.8% year-on-year increase in the first quarter to a 14.0% year-on-year decline. Lab-based development remained relatively solid, but one-off contract development declined. - FY2023-Q1Turned to growthAnnual report
「For this service, lab-based development projects from existing customers remained stable, resulting in revenue of ¥22.236 million for the cumulative first-quarter consolidated period, up 0.8% year on year.」
Revenue from IT offshore development services turned to a 0.8% year-on-year increase after declining 21.3% year on year and then narrowing the decline to 10.1% for the previous full fiscal year. - FY2022Further narrowing of the declineAnnual report
「For this service, lab-based development projects from existing customers remained stable. Meanwhile, one-off contract development declined, partly because we focused on SaaS services. As a result, revenue was ¥87.161 million, down 10.1% from the previous consolidated fiscal year.」
Revenue from IT offshore development services declined 10.1% year on year, but the rate of decline narrowed further from 10.4% in the previous quarter. - FY2022-Q3Further narrowing of the declineAnnual report
「For this service, lab-based development projects from existing customers remained stable. Meanwhile, one-off contract development declined year on year, partly because we focused on SaaS services. As a result, revenue for the cumulative third-quarter consolidated period was ¥67.763 million, down 10.4% year on year.」
Revenue from IT offshore development services declined 10.4% year on year, but the rate of decline narrowed from 11.0% for the cumulative second quarter. - FY2022-Q2Narrower declineAnnual report
「For this service, lab-based development projects from existing customers remained stable. Meanwhile, one-off contract development declined year on year, partly because we focused on SaaS services. As a result, revenue for the cumulative second-quarter consolidated period was ¥46.768 million, down 11.0% year on year.」
Revenue from IT offshore development services declined 11.0% year on year, but the rate of decline narrowed from 21.3% in the first quarter. - FY2022-Q1First statedAnnual report
「For this service, lab-based development projects from existing customers remained stable. Meanwhile, one-off contract development declined year on year, partly because we focused on SaaS services. As a result, revenue for the cumulative first-quarter consolidated period was ¥22.064 million, down 21.3% year on year.」
Lab-based development projects for existing customers remained stable, while one-off contract development declined against a backdrop of greater focus on SaaS services, resulting in a 21.3% year-on-year decline in revenue.