Continued Losses from Upfront Investment
First written in FY2020. 9 of 18 entries say "Mitigated", first in FY2023-Q1. Latest entry: 2026-08-13.
The whole theme swung hardest in 2017: 3 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-08-13MitigatedEarnings presentation
「We are generating stable profits even as we strengthen growth investments」
The company indicates that it is securing adjusted operating income while pursuing growth investments, and does not describe a continuing loss position associated with upfront investment. - FY2025MitigatedAnnual report
「Operating profit was ¥1,431.874 million, compared with ¥260.915 million in the previous fiscal year; ordinary profit was ¥1,380.506 million, compared with ¥184.413 million; and net profit attributable to owners of the parent was ¥1,099.057 million, compared with ¥320.732 million.」
Operating profit, ordinary profit, and net profit attributable to owners of the parent remained positive, and the amounts of profit increased from the previous fiscal year. - FY2025-H1MitigatedAnnual report
「Operating profit was ¥884.702 million, compared with ¥90.148 million in the same period of the previous year; ordinary profit was ¥844.431 million, compared with ¥60.798 million; and interim net profit attributable to owners of the parent was ¥641.109 million, compared with ¥54.092 million.」
Operating profit, ordinary profit, and interim net profit attributable to owners of the parent were all positive in the current interim consolidated accounting period, and losses associated with upfront investment were not continuing. - FY2024MitigatedAnnual report
「Operating profit was ¥260.915 million, compared with an operating loss of ¥881.423 million in the previous fiscal year; ordinary profit was ¥184.413 million, compared with an ordinary loss of ¥938.343 million; and net profit attributable to owners of the parent was ¥320.732 million, compared with a net loss attributable to owners of the parent of ¥2,108.610 million.」
Although losses associated with upfront investment are identified as an ongoing risk, operating profit, ordinary profit, and net profit attributable to owners of the parent were all positive in the current consolidated fiscal year. - FY2024-Q2MitigatedAnnual report
「Operating profit was ¥90.148 million, compared with an operating loss of ¥209.984 million in the same quarter of the previous year; ordinary profit was ¥60.798 million, compared with an ordinary loss of ¥220.430 million; and quarterly net profit attributable to owners of the parent was ¥54.092 million, compared with a quarterly net loss attributable to owners of the parent of ¥267.657 million.」
While losses were recorded in the same quarter of the previous year, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent were all positive in the cumulative second-quarter period. - FY2024-Q1MitigatedAnnual report
「As a result, the Group's ARR (Note 6) at the end of the first quarter of the current consolidated cumulative period was ¥8,402.539 million, while its results for the period were revenue of ¥2,531.780 million, up 29.7% year on year, an operating loss of ¥26.441 million, compared with an operating loss of ¥147.651 million in the same quarter of the previous year, an ordinary loss of ¥27.670 million, compared with an ordinary loss of ¥139.383 million, and a quarterly net loss attributable to owners of the parent of ¥16.233 million, compared with a quarterly net loss attributable to owners of the parent of ¥128.926 million.」
Although losses continued, the operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. - FY2023WorsenedAnnual report
「The operating loss was ¥881.423 million, compared with an operating loss of ¥882.541 million in the previous fiscal year; the ordinary loss was ¥938.343 million, compared with an ordinary loss of ¥983.503 million; and the net loss attributable to owners of the parent was ¥2,108.610 million, compared with a net loss attributable to owners of the parent of ¥930.777 million.」
While the operating loss and ordinary loss narrowed slightly, the net loss attributable to owners of the parent widened from ¥930.777 million in the previous fiscal year to ¥2,108.610 million due to impairment losses and other items. - FY2023-Q3MitigatedAnnual report
「As a result, the Group's ARR (Note 6) at the end of the third quarter of the current consolidated cumulative period was ¥7,603.077 million, while its results for the period were revenue of ¥6,310.827 million, an operating loss of ¥548.137 million, an ordinary loss of ¥591.745 million, and a quarterly net loss attributable to owners of the parent of ¥647.921 million.」
Although losses continued, the operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent all narrowed compared with the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「As a result, the Group's ARR (Note 6) at the end of the second quarter of the current consolidated cumulative period was ¥7,293.256 million, while its results for the period were revenue of ¥4,100.273 million, up 13.4% year on year, an operating loss of ¥209.984 million, compared with an operating loss of ¥303.291 million in the same quarter of the previous year, an ordinary loss of ¥220.430 million, compared with an ordinary loss of ¥351.098 million, and a quarterly net loss attributable to owners of the parent of ¥267.657 million, compared with a quarterly net loss attributable to owners of the parent of ¥340.039 million.」
Although losses continued, the operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. - FY2023-Q1MitigatedAnnual report
「As a result, the Group's ARR (Note 6) for the first quarter of the current consolidated cumulative period was ¥6,858.051 million, while its results for the period were revenue of ¥1,952.501 million, up 10.9% year on year, an operating loss of ¥147.651 million, compared with an operating loss of ¥180.373 million in the same quarter of the previous year, an ordinary loss of ¥139.383 million, compared with an ordinary loss of ¥196.300 million, and a quarterly net loss attributable to owners of the parent of ¥128.926 million, compared with a quarterly net loss attributable to owners of the parent of ¥184.811 million.」
Although losses continued, the operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. - FY2022WorsenedAnnual report
「As a result, the Group's ARR at the end of the current consolidated cumulative period was ¥6,638.342 million. Revenue was ¥7,295.234 million, up 34.0% year on year, while the operating loss was ¥882.541 million, compared with operating profit of ¥170.616 million in the previous fiscal year; the ordinary loss was ¥983.503 million, compared with an ordinary loss of ¥105.786 million; and the net loss attributable to owners of the parent was ¥930.777 million, compared with a net loss attributable to owners of the parent of ¥106.650 million.」
While revenue increased, upfront investments in sales, personnel expansion, and other areas resulted in an operating loss of ¥882.541 million and a net loss attributable to owners of the parent of ¥930.777 million, with losses widening from the previous fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, the Group's ARR (Note 6) at the end of the second quarter of the current consolidated cumulative period was ¥6,638.796 million, while its results for the period were revenue of ¥3,616.944 million, an operating loss of ¥303.291 million, an ordinary loss of ¥351.098 million, and a quarterly net loss attributable to owners of the parent of ¥340.039 million.」
While undertaking initiatives such as strengthening sales and increasing headcount, the company recorded an operating loss of ¥303.291 million and a quarterly net loss attributable to owners of the parent of ¥340.039 million, disclosing the continuation of losses associated with upfront investment. - FY2022-Q1RestatedAnnual report
「As a result, the Group's ARR (Note 6) for the first quarter of the current consolidated cumulative period was ¥6,377.440 million, while its results for the period were revenue of ¥1,760.796 million, an operating loss of ¥180.373 million, an ordinary loss of ¥196.300 million, and a quarterly net loss attributable to owners of the parent of ¥184.811 million.」
While undertaking initiatives such as strengthening sales and increasing headcount, the company recorded an operating loss of ¥180.373 million and a quarterly net loss attributable to owners of the parent of ¥184.811 million, disclosing the continuation of losses. - FY2021RestatedAnnual report
「Since its establishment, the Group has recorded a net loss in every fiscal year and intends to continue making substantial investments in sales and marketing, the development of KARTE, and other areas to expand its business.」
While operating profit was ¥170.616 million, the company recorded a net loss attributable to owners of the parent of ¥106.650 million due to listing-related expenses and other items, citing the continuation of upfront investment and final losses. - FY2021-Q3RestatedAnnual report
「Operating profit was ¥13.847 million, compared with an ordinary loss of ¥1,114.369 million in the same period of the previous year, due to the recording of listing-related expenses as temporary costs associated with the listing on the Tokyo Stock Exchange's Mothers market. In addition, an impairment loss on investment securities was recorded mainly as an extraordinary loss, resulting in a quarterly net loss of ¥59.287 million, compared with a quarterly net loss of ¥1,166.088 million in the same period of the previous year.」
While ordinary profit was positive, the company recorded a quarterly net loss of ¥59.287 million due to listing-related expenses and impairment losses on investment securities, with the final loss continuing. - FY2021-Q2RestatedAnnual report
「This was mainly due to the recognition of a quarterly net loss before income taxes of ¥141.604 million, reflecting upfront investments including increased advertising and personnel expenses for acquiring new customers, as well as an increase in trade receivables of ¥62.229 million and a decrease in accounts payable and other payables of ¥64.901 million, which resulted in cash outflows, together with the recognition of ¥200.417 million in listing-related expenses and ¥70.283 million in impairment losses on investment securities, and an increase of ¥35.193 million in unpaid consumption taxes and other factors.」
The company states that it recorded a pretax quarterly net loss of ¥141.604 million after making upfront investments, including advertising and personnel expenses, to acquire new customers. - FY2021-Q1RestatedAnnual report
「On the other hand, operating expenses related to the listing were recorded as temporary costs associated with the listing on the Tokyo Stock Exchange's Mothers market, resulting in an ordinary loss of ¥161.196 million. In addition, an impairment loss on investment securities was recorded mainly as an extraordinary loss, resulting in a quarterly net loss of ¥232.429 million.」
The company recorded a quarterly net loss of ¥232.429 million and cites losses arising from listing-related expenses and impairment losses on investment securities. - FY2020MaterialisedAnnual report
「Since its establishment, the company has recorded a net loss in every fiscal year and intends to continue making substantial investments in sales and marketing, the development of KARTE, and other areas to expand its business.」
The company recorded a net loss of ¥1,207.388 million for the fiscal year ended September 2020 and indicated a policy of continuing upfront investment in advertising, personnel, and other expenses.