Entry into 「ネクシィーズ電力」 (Nexyz electricity retail business) and Development of a Recurring Revenue Base
First written in FY2017. 7 of 20 entries say "Restated". Latest entry: FY2024-Q2.
4 other companies' latest entry also says "Advanced".
- FY2024-Q2AdvancedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Company completed the transfer of customers to other companies that it had begun in the previous consolidated fiscal year. This measure resulted in a significant improvement in profit and loss. As a result, Other businesses reported revenue of ¥4 million, down 78.5% year on year, and segment profit of ¥1 million, compared with a segment loss of ¥19 million in the same quarter of the previous year.」
After completing the transfer of ネクシィーズ電力 (Nexyz Power) customers to other companies, the Company is reducing the scale of the business while turning Other businesses' profit and loss from a ¥19 million loss in the same period of the previous year to a ¥1 million profit. - FY2023AchievedAnnual report
「During the current consolidated fiscal year, the Company completed the transfer of customers to other companies that it had begun in the previous consolidated fiscal year, bringing the business reorganization to completion.」
For ネクシィーズ電力 (Nexyz Power), the Company completed the transfer of customers to other companies and states that the business reorganization has been completed. Revenue from Other businesses was ¥28 million, and the segment loss was ¥39 million. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Company completed the transfer of customers to other companies that it had begun in the previous consolidated fiscal year and is strategically reducing the scale of the business.」
For ネクシィーズ電力 (Nexyz Power), the Company continues to pursue its policy of strategically reducing the scale of the business even after completing the transfer of customers to other companies. - FY2023-Q2AdvancedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Company completed the transfer of customers to other companies that it had begun in the previous consolidated fiscal year. This measure resulted in a significant improvement in profit and loss.」
For ネクシィーズ電力 (Nexyz Power), the Company completed the transfer of customers to other companies that had been underway since the previous consolidated fiscal year, resulting in an improvement in profit and loss. - FY2023-Q1SoftenedAnnual report
「In Other, the Company provides retail electricity under the product name ネクシィーズ電力 (Nexyz Power). During the cumulative first quarter of the current consolidated fiscal year, it proceeded with transferring customers to other companies and reduced the scale of the business.」
Following the transfer of electricity supply operations to エコログ, the Company has continued transferring customers under its intermediary model and is reducing the scale of the ネクシィーズ電力 (Nexyz Power) business. - FY2022AdvancedAnnual report
「In May 2022, the Company entered into a business partnership agreement with 株式会社エコログ, transferred its electricity supply operations, and transitioned to a business model in which it handles only intermediary services. As a result, in the second half, the Company was largely unaffected by rising electricity costs, while intermediary fee income increased as it proceeded with the transfer of existing customers.」
The Company transferred its electricity supply operations to エコログ and transitioned to a model in which it handles only intermediary services. It is moving toward a stage in which the impact of rising electricity costs is contained and intermediary fee income is generated. - FY2022-Q3ReframedAnnual report
「During the nine-month period ended in the third quarter of the current consolidated fiscal year, electricity procurement prices continued to rise due to higher prices for energy resources such as crude oil and liquefied natural gas (LNG). In May 2022, the company entered into a business alliance agreement with 株式会社エコログ, transferred its electricity supply operations, and shifted to a business model under which it performs only intermediary services. As a result, revenue from intermediary fees increased as the transfer progressed.」
Amid continued increases in electricity procurement prices, the Company is transferring its electricity supply operations to 株式会社エコログ under a business partnership and transitioning to a business model in which it handles only intermediary services. - FY2022-Q2AdvancedAnnual report
「During the six-month period ended in the second quarter of the current consolidated fiscal year, electricity demand increased strongly. However, wholesale electricity market prices remained high as the global surge in prices for energy resources such as crude oil and liquefied natural gas (LNG) continued, resulting in higher cost of sales. As a result, the electricity retail business recorded revenue of ¥1,287 million, compared with revenue of ¥853 million in the same period of the previous year, and a segment loss of ¥160 million, compared with a segment loss of ¥447 million.」
Revenue increased from ¥853 million to ¥1,287 million as electricity demand rose, while the segment loss narrowed from ¥447 million to ¥160 million. However, cost of sales increased due to higher energy resource prices, and the business remained loss-making. - FY2022-Q1SoftenedAnnual report
「During the three-month period ended in the first quarter of the current consolidated fiscal year, the company restrained sales activities for new 「ネクシィーズ電力」 contracts and focused on the 「ネクシィーズ・ゼロ」 business. In the electricity market, procurement prices began rising ahead of their usual seasonal pattern due to higher fuel prices and increased operating costs for renewable energy, among other factors. In response, the company actively used fixed-price over-the-counter transactions, addressed climate change through insurance companies, and reviewed its terms and conditions with customers.」
For 「ネクシィーズ電力」, the company temporarily shifted its focus toward prioritizing the 「ネクシィーズ・ゼロ」 business by curbing sales activities for new contracts. At the same time, it implemented fixed-price over-the-counter transactions, addressed climate change through insurance companies, and reviewed its customer terms and conditions. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter of the current consolidated fiscal year, the company continued to conduct efficient sales activities by proposing 「ネクシィーズ電力」 alongside LED lighting, air-conditioning equipment, and other products offered through 「ネクシィーズ・ゼロ」. Although electricity procurement prices rose sharply during the six-month period ended in the second quarter, procurement prices subsequently stabilized and revenue recovered from April to June 2021. The number of contracts also continued to increase and remained generally firm.」
The company reported joint proposals with 「ネクシィーズ・ゼロ」, an increase in the number of contracts, stable electricity procurement prices, and a recovery in revenue from April through June. On a cumulative basis, however, the electricity retail business still recorded a segment loss of ¥403 million. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter of the current consolidated fiscal year, the company conducted efficient sales activities by proposing 「ネクシィーズ電力」 alongside LED lighting, air-conditioning equipment, and other products offered through 「ネクシィーズ・ゼロ」. The number of contracts continued to increase, generating recurring revenue. However, cost of sales rose significantly due to a sharp increase in procurement prices from December 2020 to January 2021. Procurement prices returned to normal levels from February 2021 onward. As a result, the electricity retail business recorded revenue of ¥853 million, up 9.7% year on year, and a segment loss of ¥447 million, compared with segment profit of ¥77 million in the same period of the previous year.」
While joint proposals with 「ネクシィーズ・ゼロ」 increased the number of contracts and recurring revenue, higher procurement prices caused the electricity retail business to swing from a profit to a ¥447 million loss. - FY2021-Q1AdvancedAnnual report
「The company is also seeking to increase users and strengthen its recurring revenue base over the medium to long term by offering 「ネクシィーズ電力」 to individuals as well as businesses.」
The company is expanding 「ネクシィーズ電力」 beyond its previous focus on businesses to include individuals, with the aim of increasing users and strengthening its recurring revenue base. - FY2020-Q1AdvancedAnnual report
「The company is also focusing on providing 「ネクシィーズ電力」 to strengthen its recurring revenue base over the medium to long term, and the number of contracts is increasing steadily.」
The company continues to provide 「ネクシィーズ電力」 to strengthen its recurring revenue base and reports progress in the form of an increase in the number of contracts. - FY2019RestatedAnnual report
「Because 「ネクシィーズ電力」 generates monthly electricity-charge revenue from customers, an increase in the number of customers enables the company to earn recurring, stable revenue.」
The company continues to pursue a policy of securing recurring, stable electricity-charge revenue through customer growth. - FY2019-Q2RestatedAnnual report
「The 「ネクシィーズ・ゼロ」 business provides 「ネクシィーズ・ゼロ」 and 「ネクシィーズ電力」, acquires users, and sells LED lighting and other products.」
The company continues to list 「ネクシィーズ電力」 as a service provided alongside 「ネクシィーズ・ゼロ」. - FY2018RestatedAnnual report
「The company is also pursuing stable revenue over the medium to long term by conducting sales of 「ネクシィーズ電力」, the electricity supply service launched in the previous consolidated fiscal year.」
The company reconfirmed its policy of continuing sales of 「ネクシィーズ電力」 and aiming to secure stable revenue over the medium to long term. - FY2018-Q3RestatedAnnual report
「The company is also pursuing stable revenue over the medium to long term by conducting sales of 「ネクシィーズ電力」, the electricity supply service launched in the previous consolidated fiscal year.」
The company is continuing sales of 「ネクシィーズ電力」, launched in the previous consolidated fiscal year, and aims to secure stable revenue over the medium to long term. - FY2018-Q2AdvancedAnnual report
「The company is also strengthening proposals for bundled plans with 「ネクシィーズ電力」 that enable customers to reduce their electricity costs further.」
The company is moving from continuing standalone sales of 「ネクシィーズ電力」 to strengthening proposals for bundled plans with 「ネクシィーズ・ゼロ」. - FY2018-Q1RestatedAnnual report
「At the same time, the company is focusing on sales of 「ネクシィーズ電力」, an electricity supply service launched in the previous consolidated fiscal year to secure stable revenue over the medium to long term.」
The company reconfirmed its policy of continuing sales of 「ネクシィーズ電力」 and aiming to secure stable revenue over the medium to long term. - FY2017First statedAnnual report
「The company has also newly entered the electricity retail business and will provide 「ネクシィーズ電力」, an electricity service that enables customers to reduce their expenses through energy savings. Because 「ネクシィーズ電力」 generates monthly electricity-charge revenue, the company aims to stabilize its operating base over the medium to long term by strengthening sales efforts going forward.」
The company has newly entered the electricity retail business and aims to stabilize its operating base over the medium to long term through customer cost savings and monthly electricity-charge revenue.