Komori
Visional (4194) · RiskWorsened

Delay in the new business reaching profitability and recovering its investment

First written in FY2021. 8 of 15 entries say "Worsened", first in FY2022-Q2. Latest entry: FY2026.

15entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2022-Q2 – FY2023-Q1MitigatedFY2023-Q2 – FY2024-Q3WorsenedFY2025-H1 – FY20262021: 12022: 420222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Uncertainty over Recovering Upfront Investments and Realizing Future ProfitsA theme 71 companies write about · 72 as a headwind · 0 as a tailwind

Visional moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).

The whole theme swung hardest in 2019: 6 of 25 companies on the "Worse" side.

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 71 companies compared. The sentences above are computed from all 71.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the fiscal year, segment revenue was ¥5,488 million, up 74.9% year on year, and segment loss was ¥2,434 million, compared with a segment loss of ¥1,691 million in the prior-year period.」

    Incubation revenue increased, while the segment loss widened from ¥1,691 million in the same period of the previous year to ¥2,434 million, and results relating to the profitability and investment recovery of new businesses deteriorated.
  2. FY2026-H1WorsenedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the first six months of the fiscal year, segment revenue was ¥2,467 million, up 121.1% year on year, and segment loss was ¥939 million, compared with a segment loss of ¥774 million in the prior-year period.」

    Incubation revenue increased, while the segment loss widened from ¥774 million in the same period of the previous year to ¥939 million, and results relating to profitability and investment recovery deteriorated further from the previous period of deterioration.
  3. FY2025WorsenedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the fiscal year, segment revenue was ¥3,139 million, up 41.4% year on year, and segment loss was ¥1,691 million, compared with a segment loss of ¥1,020 million in the prior-year period.」

    Incubation revenue increased, while the segment loss widened from ¥1,020 million in the same period of the previous year to ¥1,691 million, representing a deterioration from the previous period of improvement.
  4. FY2025-H1WorsenedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the first six months of the fiscal year, segment revenue was ¥1,115 million, down 9.9% year on year, and segment loss was ¥774 million, compared with a segment loss of ¥324 million in the prior-year period.」

    Incubation segment revenue decreased year on year, while the segment loss widened from ¥324 million in the same period of the previous year to ¥774 million. Results relating to the profitability and investment recovery of new businesses deteriorated from the previous period of improvement.
  5. FY2024-Q3MitigatedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the first nine months of the fiscal year, segment revenue was ¥1,689 million, down 3.9% year on year, and segment loss was ¥579 million, compared with a segment loss of ¥1,085 million in the prior-year period.」

    The Incubation segment loss narrowed from ¥1,085 million in the same period of the previous year to ¥579 million. Although the segment has not yet become profitable, concerns over expanding losses and investment recovery in the new businesses were alleviated from the previous fiscal year.
  6. FY2024-Q2MitigatedAnnual report

    「For each business in the Incubation segment, investments in personnel, development of new products, advertising and promotional activities, and other expenditures are made within the range of profits generated by the HR Tech segment. For the cumulative second quarter of the current consolidated fiscal year, segment revenue was ¥1,237 million, up 13.3% year on year, and the segment loss was ¥324 million, compared with a segment loss of ¥796 million in the same period of the previous year.」

    The Incubation segment loss narrowed from ¥796 million in the same period of the previous year to ¥324 million. Although the segment has not yet become profitable, concerns over expanding losses and investment recovery in the new businesses were alleviated from the previous fiscal year.
  7. FY2024-Q1MitigatedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the first quarter of the fiscal year, segment revenue was ¥689 million, up 39.3% year on year, and segment loss was ¥184 million, compared with a segment loss of ¥456 million in the prior-year period.」

    The Incubation segment loss narrowed from ¥456 million in the same period of the previous year to ¥184 million. Although the segment has not yet become profitable, improvement was evident from the phase of expanding losses in the new businesses.
  8. FY2023MitigatedAnnual report

    「For each business in the Incubation segment, investments in personnel, development of new products, advertising and promotional activities, and other expenditures are made within the range of profits generated by the HR Tech segment. For the current consolidated fiscal year, segment revenue was ¥2,460 million, up 22.9% year on year, and the segment loss was ¥1,401 million, compared with a segment loss of ¥1,649 million in the previous year.」

    The Incubation segment loss narrowed from ¥1,649 million in the same period of the previous year to ¥1,401 million. Although the segment has not yet become profitable, improvement was evident from the phase of expanding losses.
  9. FY2023-Q3MitigatedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the first nine months of the fiscal year, segment revenue was ¥1,758 million, up 21.9% year on year, and segment loss was ¥1,085 million, compared with a segment loss of ¥1,206 million in the prior-year period.」

    The Incubation segment loss narrowed from ¥1,206 million in the same period of the previous year to ¥1,085 million. Although the segment has not yet become profitable, improvement was evident from the phase of expanding losses in the new businesses.
  10. FY2023-Q2MitigatedAnnual report

    「For each business in the Incubation segment, we invest in talent, develop new products and conduct advertising and promotional activities within the profit generated by the HR Tech segment. For the first six months of the fiscal year, segment revenue was ¥1,092 million, up 23.7% year on year, and segment loss was ¥796 million, compared with a segment loss of ¥821 million in the prior-year period.」

    Incubation segment revenue increased, while the segment loss narrowed by ¥25 million from ¥821 million in the same period of the previous year to ¥796 million. Although the segment has not yet become profitable, some improvement was evident from the phase of expanding losses in the new businesses.
  11. FY2023-Q1WorsenedAnnual report

    「For the cumulative first quarter of the current consolidated fiscal year, segment revenue was ¥495 million, up 19.8% year on year, and the segment loss was ¥456 million, compared with a segment loss of ¥405 million in the same period of the previous year.」

    The Incubation segment loss widened from ¥405 million in the same period of the previous year to ¥456 million, and the deterioration in results relating to the profitability and investment recovery of new businesses continued.
  12. FY2022WorsenedAnnual report

    「For each business in the Incubation segment, investments in personnel, development of new products, advertising and promotional activities, and other expenditures are made within the range of profits generated by the HR Tech segment. For the current consolidated fiscal year, segment revenue was ¥2,002 million, up 34.8% year on year, and the segment loss was ¥1,649 million, compared with a segment loss of ¥863 million in the previous year.」

    The Incubation segment loss widened from ¥863 million in the same period of the previous year to ¥1,649 million, and the deterioration in results relating to the profitability and investment recovery of new businesses continued.
  13. FY2022-Q3WorsenedAnnual report

    「For the cumulative third quarter of the current consolidated fiscal year, segment revenue was ¥1,442 million, up 38.6% year on year, and the segment loss was ¥1,206 million, compared with a segment loss of ¥564 million in the same period of the previous year.」

    The Incubation segment loss widened from ¥821 million in the previous cumulative quarter to ¥1,206 million, and also widened from ¥564 million in the same period of the previous year. Although the deterioration in results relating to the profitability and investment recovery of new businesses continued, an inability to recover investments itself was not mentioned.
  14. FY2022-Q2WorsenedAnnual report

    「For the cumulative second quarter of the current consolidated fiscal year, segment revenue was ¥883 million, up 30.7% year on year, and the segment loss was ¥821 million, compared with a segment loss of ¥329 million in the same period of the previous year.」

    The Incubation segment loss widened from ¥329 million in the same period of the previous year to ¥821 million, indicating a deterioration in results relating to the profitability and investment recovery of new businesses.
  15. FY2021First statedAnnual report

    「At present, many of the new businesses have not yet achieved profitability. If the expansion and growth of these businesses do not progress as initially projected, the Group may be unable to recover its investment, which could affect its performance.」

    On the premise that many new businesses are not yet profitable, it indicates the risks of delayed growth and inability to recover investments.
Moved together

"Investment recovery and goodwill impairment risks associated with M&A and other transactions" moved the same way as this thread, in the same document, in 12 of its 15 moves.

1286655★123456
  1. ★This thread
  2. 1Investment recovery and goodwill impairment risks associated with M&A and other transactions12×
  3. 2Dilution of Share Value Due to Exercise of Share Acquisition Rights8×
  4. 3Recovery in the BizReach business and expansion of the network6×
  5. 4Expansion of HRMOS ARR, customer count and ARPU6×
  6. 5Expansion of HRMOS features and rollout in the recruitment management market5×
  7. 6Increase in churn rate due to hiring restraint by recruiting companies5×

★ 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
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Delay in the new business reaching profitability and recovering its investment | Visional,Inc. (4194) | Komori