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Hybrid Technologies (4260) · InitiativeLower stock-service mix and pricing, with expanded management metricsLatest M&A and Subsidiary Changes (2026-08-14): "Reframed"

Expanding orders and improving quality, with subscription-based services as the core business

First written in FY2022-Q1. 9 of 15 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-08-14.

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ProgressHeldSoftenedWorseAdvancedFY2022-Q2 – FY2024-Q2OtherFY2025-H1 – 2026-05-152022: 420222023: 420232024: 220242025: 220252026: 32026
Same theme, other companies
Expanding orders and improving quality, with subscription-based services as the core businessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

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  1. FY2025Lower stock-service mix and pricing, with expanded management metricsAnnual report

    「By increasing the number of Stock Services projects through the acquisition of new projects, adding personnel for existing customers, increasing the number of team lines through new projects, and improving Stock Services pricing by strengthening involvement from the upstream stages of projects, the Group will expand its market and accumulate expertise. It will also pursue sustainable growth as a corporate group by continuing to invest in securing personnel and acquiring new technologies.」

    The Stock Services revenue mix declined from 89% in the fiscal year ending September 2024 to 84% in the fiscal year ending September 2025. The number of projects increased to 59, while the average fee declined from ¥3.454 million to ¥3.293 million. The Group also indicated a policy of adding Flow Services metrics from the fiscal year ending September 2026.
  2. FY2025-H1Change in service mixAnnual report

    「Stock Services ¥1,459.158 million ¥1,312.810 million Flow Services ¥126.063 million ¥248.535 million Total ¥1,585.221 million ¥1,561.345 million」

    Stock Services revenue decreased from ¥1,459.158 million to ¥1,312.810 million year on year, while Flow Services revenue increased from ¥126.063 million to ¥248.535 million, resulting in a change in the service mix.
  3. FY2024-Q2AdvancedAnnual report

    「The Group provides clients with two types of services tailored to market and customer needs: Stock Services (quasi-mandate contracts) and Flow Services (contract-based services). Revenue from Stock Services, the Group’s main service, was ¥2,262.680 million in the fiscal year ended September 2022 and ¥2,705.849 million in the fiscal year ended September 2023. For the fiscal year ending September 2024, the Group forecasts revenue of ¥2,883.298 million, above the previous fiscal year’s actual result for the Group as a whole.」

    Stock Services revenue for the six months ended June was ¥1,459.158 million, exceeding ¥1,201.805 million in the same period of the previous year. The full-year forecast of ¥2,883.298 million was also maintained.
  4. FY2024-Q1AdvancedAnnual report

    「Revenue from Stock Services, the Group’s main service, was ¥2,262.680 million in the fiscal year ended September 2022 and ¥2,705.849 million in the fiscal year ended September 2023. For the fiscal year ending September 2024, the Group forecasts revenue of ¥2,883.298 million, above the previous fiscal year’s actual result for the Group as a whole.」

    Actual Stock Services revenue was ¥2,262.680 million and ¥2,705.849 million, with ¥2,883.298 million planned for the fiscal year ending September 2024.
  5. FY2023AdvancedAnnual report

    「The number of Stock Services projects increased by 20 from 49 at the end of the fiscal year ended September 2022 to 69 in the fiscal year ended September 2023, a substantial increase of 40.8% year on year. The average Stock Services fee decreased by ¥592,000 from ¥4.349 million at the end of the fiscal year ended September 2022 to ¥3.757 million, down 13.6% year on year.」

    The number of Stock Services projects increased from 49 to 69, while revenue increased from ¥2,262.680 million to ¥2,705.849 million. Meanwhile, the average fee declined from ¥4.349 million to ¥3.757 million, and the revenue mix declined from 94% to 93%.
  6. FY2023-Q3AdvancedAnnual report

    「Against this backdrop, the Group provides clients with two types of services tailored to market and customer needs: Stock Services (quasi-mandate contracts) and Flow Services (contract-based services). Revenue from Stock Services, the Group’s main service, was ¥1,511 million in the fiscal year ended September 2021 and ¥2,263 million in the fiscal year ended September 2022. In the nine-month period ended June 2023, revenue was ¥1,929 million, compared with ¥1,614 million in the same period of the previous year, remaining above the prior-year level for the Group as a whole.」

    Revenue from Stock Services increased from ¥1,614 million in the same period of the previous year to ¥1,929 million, indicating continued expansion of the main service.
  7. FY2023-Q2AdvancedAnnual report

    「Stock services ¥988.688 million ¥1,201.805 million Flow services ¥62.447 million ¥118.426 million Total ¥1,051.135 million ¥1,320.231 million」

    Revenue from stock services for the 6-month period increased from ¥988.688 million in the same period of the previous year to ¥1,201.805 million, confirming the expansion of the core service in the figures.
  8. FY2023-Q1AdvancedAnnual report

    「In these circumstances, our Group provides clients with 2 types of services according to market and customer needs: “stock services (quasi-mandate type)” and “flow services (contracting type).” Revenue from our core stock services was ¥1,511 million in the fiscal year ended September 2021 and ¥2,263 million in the fiscal year ended September 2022. For the fiscal year ending September 2023, we expect revenue of ¥2,861 million, exceeding the previous fiscal year's level for the Group as a whole.」

    Shows that revenue from stock services increased from ¥1,511 million in the fiscal year ended September 2021 to ¥2,263 million in the fiscal year ended September 2022, with ¥2,861 million planned for the fiscal year ending September 2023.
  9. FY2022AdvancedAnnual report

    「Stock services accounted for 89% of our Group's revenue in the fiscal year ended September 2021 and 94% in the fiscal year ended September 2022. We intend to continue increasing the proportion of revenue from stock services. The number of stock services and the average price per stock service are therefore important metrics.」

    The stock-service mix increased from 89% to 94%, and the number of services and average price were identified as important metrics. Actual results were 58 services and an average price of ¥3.3 million, up from 57 services and ¥2.2 million in the previous fiscal year.
  10. FY2022-Q3AdvancedAnnual report

    「Our Group evaluates revenue from hybrid services across 2 categories, stock services and flow services. A breakdown of revenue by service is as follows.」

    Revenue from stock services increased from ¥1,027.360 million in the same period of the previous year to ¥1,614.471 million, while revenue from flow services declined from ¥167.474 million to ¥93.572 million. The expansion of revenue centered on stock services can be confirmed from the figures.
  11. FY2022-Q2AdvancedAnnual report

    「Our Group evaluates revenue from hybrid services across 2 categories, stock services and flow services. A breakdown of revenue by service is as follows.」

    Revenue from stock services increased from ¥617.115 million to ¥988.688 million, while revenue from flow services declined from ¥125.743 million to ¥62.447 million. The expansion of stock services can be confirmed from the revenue breakdown, but the achievement levels for the number of orders, average order value and quality are not expressly stated.
  12. FY2022-Q1First statedAnnual report

    「Amid these conditions, our Group completed its initial public offering on the Tokyo Stock Exchange on 23 December 2021. We worked to promote order-taking activities in our core stock-based services business and to increase the number of orders, average order value and quality.」

    Positions stock-based services as the core business and seeks to promote order-taking activities and improve the number of orders, average order value and quality.
Moved together

"Revenue Growth and Return to Operating and Quarterly Profitability" moved the same way as this thread, in the same document, in 7 of its 15 moves.

776544★123456
  1. ★This thread
  2. 1Revenue Growth and Return to Operating and Quarterly Profitability7×
  3. 2Startup Support and Enhanced Services for Growth Markets through Hybrid Technologies Capital7×
  4. 3Tokyo Stock Exchange Mothers Listing and Capital Raising through New Share Issuance6×
  5. 4Business Expansion through Investment in Equipment and Human Resources, M&A and Business Alliances5×
  6. 5Strengthening the Recruitment and Development of IT Talent in Japan and Vietnam4×
  7. 6Uncertainty over the outlook due to new COVID-19 variants4×

★ 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 Hybrid Technologies yet. It last moved in the M&A and Subsidiary Changes of 2026-08-14: "Reframed".
News
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Expanding orders and improving quality, with subscription-based services as the core business | Hybrid Technologies Co.,Ltd. (4260) | Komori