Prolonged and widening losses in U.S. and U.K. operations
First written in FY2018. 14 of 19 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 6 of 23 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Segment profit was ¥1,664 million, up 125.8% year on year, achieving positive GMV growth while maintaining break-even.」
The US business generated full-year segment profit of ¥1,664 million, further mitigating the risk of prolonged and expanding losses. - FY2026-H1MitigatedAnnual report
「Core operating profit was ¥1.3 billion, an increase of ¥2.3 billion from the prior-year period, as the company maintained investment discipline while continuing to invest for growth. Segment profit was ¥873 million, compared with a segment loss of ¥1,368 million in the prior-year period.」
While continuing to invest for growth, the US business turned from a segment loss in the prior-year period to profit of ¥873 million, further mitigating the risk of prolonged and expanding losses. - FY2025MitigatedAnnual report
「Segment profit was ¥737 million, compared with a segment loss of ¥5,293 million in the prior-year period, as unit economics improved through enhancements to the product's core experience, marketing expenses became more efficient, and fixed costs were reviewed further. The segment achieved profitability in the current consolidated fiscal year.」
The risk of prolonged and expanding losses in the US business was mitigated by segment profit of ¥737 million and the achievement of full-year profitability. - FY2025-H1MitigatedAnnual report
「Meanwhile, further earnings improvements aimed at achieving break-even resulted in a monthly profit in December, and the segment loss improved to ¥1,368 million, compared with a segment loss of ¥2,137 million in the same period of the previous year.」
Although the US business continued to report a segment loss, the loss narrowed from the prior-year period as earnings improved, partially mitigating the risk of prolonged and expanding losses. - FY2024MitigatedAnnual report
「Following a review of marketing expenses and an organisational restructuring, the segment loss improved significantly to ¥5,293 million, compared with a loss of ¥8,758 million in the previous consolidated fiscal year.」
Although the US business remained loss-making, the loss narrowed from ¥8,758 million to ¥5,293 million following a review of marketing expenses and an organisational restructuring. - FY2024-Q3MitigatedAnnual report
「Continued disciplined investment and cost control resulted in the segment loss improving to ¥2,906 million, compared with a loss of ¥7,767 million in the same period of the previous year, continuing the improving trend.」
Although the US business remained loss-making, the segment loss narrowed by ¥4,861 million from the prior-year period, partially mitigating the risk of expanding losses. - FY2024-Q2MitigatedAnnual report
「Meanwhile, continued cost reviews as part of a leaner operating structure significantly improved the segment loss, which was ¥2,137 million, compared with a loss of ¥6,389 million in the same period of the previous year.」
Although the US business remained loss-making, the segment loss narrowed by ¥4,252 million from the prior-year period, partially mitigating the risk of prolonged and expanding losses. - FY2024-Q1MitigatedAnnual report
「Meanwhile, continued cost reviews as part of a leaner operating structure significantly improved the segment loss, which was ¥699 million, compared with a loss of ¥3,110 million in the same period of the previous year.」
Although the US business remained loss-making, the segment loss narrowed from ¥3,110 million in the prior-year period to ¥699 million following a review of expenses, partially mitigating the risk of expanding losses. - FY2023MitigatedAnnual report
「Meanwhile, after reviewing costs to create a leaner operating structure, the segment loss improved significantly to ¥8,804 million, compared with a loss of ¥12,135 million in the same period of the previous year.」
Although the US business remained loss-making, the loss narrowed by ¥3,331 million following a review of expenses, partially mitigating the risk of expanding losses. - FY2023-Q3MitigatedAnnual report
「Meanwhile, after reviewing costs to create a leaner operating structure, the segment loss was ¥7,628 million, compared with a loss of ¥9,748 million in the same period of the previous year.」
Although the US business remained loss-making, the segment loss narrowed from ¥9,748 million in the prior-year period to ¥7,628 million, partially mitigating the risk of prolonged and expanding losses. - FY2023-Q2WorsenedAnnual report
「In the US, revenue for the six-month period of the second quarter was ¥23,022 million, up 13.9% year on year, while the segment loss was ¥6,324 million, compared with a loss of ¥4,567 million in the same period of the previous year.」
The US segment loss widened from ¥4,567 million in the prior-year period to ¥6,324 million, and the risk of prolonged and expanding losses in the overseas business remained. - FY2023-Q1WorsenedAnnual report
「Segment profit or loss: Japan Region 7,854; US △2,971」
The US segment recorded a loss of ¥2,971 million in the first quarter, and the risk of prolonged losses in the overseas businesses remains. - FY2022WorsenedAnnual report
「Segment profit or loss: Japan Region 16,624; US △12,135」
The U.S. business recorded a segment loss of ¥12,135 million in the fiscal year ended June 2022, worsening the risk of prolonged and widening losses in the overseas businesses. - FY2021MitigatedAnnual report
「In addition to the Selling Fee, the company began collecting a Payment Processing Fee during the current fiscal year. This strengthened the revenue base and resulted in the first quarterly operating profit in the fourth quarter.」
The U.S. subsidiary recorded an ordinary loss of ¥5,132 million for the full fiscal year, leaving the risk of prolonged losses, while the introduction of payment processing fees resulted in its first quarterly operating profit, partly mitigating the profitability risk. - FY2019RestatedAnnual report
「Although the company expects losses to continue for a certain period after monetization due to investment in further service development and user-base expansion, if business expansion does not progress as expected and continuing advertising expenses, additional investment and other costs cause losses to continue for longer than expected or widen, the Group's business, results of operations and financial condition may be affected, and the amount of losses recognized in the short-term consolidated results may increase.」
The company continues to identify the continuation, prolongation and expansion of losses associated with investment in the overseas businesses as risks. - FY2018First statedAnnual report
「Although the company expects losses to continue for a certain period after monetization due to investment in further service development and user-base expansion, if business expansion does not progress as expected and continuing advertising expenses, additional investment and other costs cause losses in the U.S. and U.K. to continue for longer than expected or widen, the Group's business, results of operations and financial condition may be affected, and the amount of losses recognized in the short-term consolidated results may increase.」
The overseas businesses recorded no operating profit during the fiscal year, and the company explicitly identifies the continuation, prolongation and expansion of losses as risks.