Earnings Dependence on Changes in Membership
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「All 3 principal segments are membership-based businesses, so membership fees account for most of their revenue. Because revenue growth is generally proportional to membership growth, steadily increasing membership is essential to business growth.」
The company continues to disclose its dependence on membership-fee revenue and membership in the 3 principal segments as important premises for business growth. - FY2022RestatedAnnual report
「All 3 principal segments are membership-based businesses, so membership fees account for most of their revenue. Because revenue growth is generally proportional to membership growth, steadily increasing membership is essential to business growth.」
The company continues to disclose its dependence on membership-fee revenue and membership in the 3 principal segments as important premises for business growth. - FY2021RestatedAnnual report
「All 3 principal segments are membership-based businesses, so membership fees account for most of their revenue. Because revenue growth is generally proportional to membership growth, steadily increasing membership is essential to business growth.」
The 3 principal segments are membership-based businesses whose primary revenue is membership fees, and the company continues to recognize membership growth as essential to business growth. - FY2020RestatedAnnual report
「All 3 principal segments are membership-based businesses, so membership fees account for most of their revenue. Because revenue growth is generally proportional to membership growth, steadily increasing membership is essential to business growth.」
The company reconfirms that dependence on membership-fee revenue and membership in its principal segments is an essential element of business growth. - FY2019RestatedAnnual report
「The Group's two principal businesses, the accounting services business and the consulting business, are both membership-based businesses, with monthly membership fees as their primary source of revenue. Accordingly, changes in membership in these businesses are a factor with a significant impact on operating performance.」
The company reiterates that monthly membership-fee revenue and membership in its principal businesses have a significant impact on operating performance. - FY2017RestatedAnnual report
「The Group's two principal businesses, the outsourcing business and the F&M Club business, are both membership-based businesses, with monthly membership fees as their primary source of revenue. Accordingly, changes in membership in these businesses are a factor with a significant impact on operating performance.」
The company reiterates that its two principal businesses are membership-based businesses whose revenue comes from monthly membership fees, and that changes in membership have a significant impact on operating performance. - FY2016First statedAnnual report
「The Group's two principal businesses, the outsourcing business and the F&M Club business, are both membership-based businesses, with monthly membership fees as their primary source of revenue. Accordingly, changes in membership in these businesses are a factor with a significant impact on operating performance.」
The two principal businesses derive their revenue from monthly membership fees, and the company specifically identifies changes in membership as a factor with a significant impact on operating performance.