Subscription-Based Recurring Revenue Foundation
First written in FY2019. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2019: 1 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2024Slight decrease in recurring revenue ratioAnnual report
「Of total revenue, ¥8,251 million, or 98.6%, consists of revenue that will continue to be recognized in the following fiscal year as long as the contracts are not canceled, thereby establishing a stable revenue base for the Group.」
Recurring revenue totaled ¥8,251 million, or 98.6% of total revenue. The ratio declined slightly from 98.7% in the previous consolidated fiscal year, but the company continues to present it as a recurring revenue base. - FY2023AdvancedAnnual report
「Of total revenue, ¥6,689 million, or 98.7%, consists of revenue that will continue to be recognized in the following fiscal year as long as the contracts are not canceled, thereby establishing a stable revenue base for the Group.」
Recurring revenue totaled ¥6,689 million, or 98.7% of total revenue, up from 98.6% in the previous consolidated fiscal year. - FY2022AdvancedAnnual report
「Of total revenue, ¥5,566 million, or 98.6%, consists of revenue that will continue to be recognized in the following fiscal year as long as the contracts are not canceled, thereby establishing a stable revenue base for the Group.」
Recurring revenue totaled ¥5,566 million, or 98.6% of total revenue, up from 97.4% in the previous consolidated fiscal year. - FY2021AdvancedAnnual report
「Of total revenue, ¥4,717 million, or 97.4%, consists of revenue that will continue to be recognized in the following fiscal year as long as the contracts are not canceled, thereby establishing a stable revenue base for the Group.」
Recurring revenue totaled ¥4,717 million, or 97.4% of total revenue, updating the ratio of the subscription-based revenue base. - FY2020AdvancedAnnual report
「Of total revenue, ¥4,033 million, or 97.1%, consists of revenue that will continue to be recognized in the following fiscal year as long as the contracts are not canceled, thereby establishing a stable revenue base for the Group.」
Recurring revenue totaled ¥4,033 million, or 97.1% of total revenue, quantifying the subscription-based revenue base. - FY2019First statedAnnual report
「HENNGE One is a service with the stability that revenue will exceed the previous fiscal year's level as long as new and additional contract value does not fall below the value of cancellations, and that enables the company to pursue stable growth on this revenue base.」
The company explains that its annual fixed-fee billing model, under which contract revenue accumulates as long as customers do not cancel, supports business stability.