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Waqoo (4937) · FactAdvancedLatest Earnings (2026-09-11): "Reframed"

Revenue composition centered on direct sales

First written in FY2022-Q1. 7 of 15 entries say "Reframed", first in FY2022. Latest entry: 2026-09-11.

15entries
5years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY2022-Q3RestatedFY2023-Q1 – FY2023-Q2ReframedFY2024-Q2 – FY20242022: 420222023: 320232024: 320242025: 220252026: 32026
Same theme, other companies
Revenue breakdown by domestic and overseas retail, e-commerce, and wholesaleA theme 16 companies write about · 0 as a headwind · 4 as a tailwind

Waqoo moved to the "Worse" side of this theme in 2026.

The whole theme swung hardest in 2026: 2 of 13 companies on the "Worse" side.

3 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 16 companies compared. The sentences above are computed from all 16.
Full recordFilings, disclosures and news, newest first
  1. FY2025AdvancedAnnual report

    「Direct sales ¥948.132 million Blood processing ¥364.405 million Raw-material sales ¥633.305 million Other ¥15.058 million Revenue from contracts with customers ¥1,960.902 million」

    D2C revenue remained centered on direct sales, while Medical Support revenue centered on blood processing and raw-material sales. Raw-material sales increased to ¥633.305 million from ¥347.674 million.
  2. FY2025-H1RestatedAnnual report

    「Direct sales ¥500.201 million Blood processing ¥153.075 million Raw-material sales ¥176.828 million Other ¥4.749 million Revenue from contracts with customers ¥834.854 million」

    The interim consolidated period continued to show direct sales in D2C and blood processing and raw-material sales in Medical Support.
  3. FY2024ReframedAnnual report

    「Direct sales ¥1,285.188 million Blood processing ¥279.400 million Raw-material sales ¥347.674 million Other ¥31.141 million Revenue from contracts with customers ¥1,943.404 million」

    In addition to direct sales, blood processing and raw-material sales became the main Medical Support revenue categories.
  4. FY2024-Q2ReframedAnnual report

    「Direct sales ¥689.623 million Blood processing ¥131.339 million Other ¥113.372 million Revenue from contracts with customers ¥934.335 million」

    Direct sales remained the largest revenue category, while blood-processing revenue of ¥131.339 million was added after Cellpro Japan was consolidated.
  5. FY2024-Q1RestatedAnnual report

    「Direct sales ¥360.364 million Other ¥21.145 million Revenue from contracts with customers ¥381.509 million Medical Support business ¥64.368 million」

    The first quarter continued to show direct-sales-centered D2C revenue alongside Medical Support revenue.
  6. FY2023ReframedAnnual report

    「Direct sales ¥1,517.043 million Other ¥42.766 million Revenue from contracts with customers ¥1,559.809 million Medical Support business ¥166.504 million」

    Direct sales continued to dominate D2C revenue, while Medical Support revenue was disclosed as ¥166.504 million in other revenue.
  7. FY2023-Q2RestatedAnnual report

    「Direct sales ¥829.864 million Other ¥29.816 million Revenue from contracts with customers ¥859.681 million」

    Direct sales accounted for most D2C revenue; including ¥40.978 million of other Medical Support revenue, total revenue from contracts with customers was ¥900.659 million.
  8. FY2023-Q1RestatedAnnual report

    「Direct sales ¥456.904 million Other ¥32.977 million Revenue from contracts with customers ¥489.882 million」

    First-quarter revenue from contracts with customers comprised ¥456.904 million from direct sales and ¥32.977 million from other sources.
  9. FY2022ReframedAnnual report

    「Direct sales ¥2,414.423 million Advertising production and ad operations ¥200.008 million Other ¥116.944 million Revenue from contracts with customers ¥2,731.376 million」

    The direct-sales-centered revenue mix added ¥200.008 million from advertising production and ad operations in the Medical Support business.
  10. FY2022-Q3RestatedAnnual report

    「Direct sales ¥1,910.565 million Other ¥138.016 million Revenue from contracts with customers ¥2,048.581 million」

    Direct sales accounted for most third-quarter cumulative-period revenue, while other revenue included sales from the new Medical Support business.
  11. FY2022-Q2RestatedAnnual report

    「Direct sales ¥1,346.330 million Other ¥71.927 million Revenue from contracts with customers ¥1,418.257 million」

    Second-quarter cumulative-period revenue comprised ¥1,346.330 million from direct sales and ¥71.927 million from other sources, with direct sales continuing to account for most revenue.
  12. FY2022-Q1First statedAnnual report

    「Direct sales ¥740.965 million Other ¥66.080 million Revenue from contracts with customers ¥807.046 million」

    Revenue from contracts with customers in the first-quarter cumulative period comprised ¥740.965 million from direct sales and ¥66.080 million from other sources.
Moved together

"Revenue Growth and Profit for the Nine Months Through Q3" moved the same way as this thread, in the same document, in 4 of its 15 moves.

432222★123456
  1. ★This thread
  2. 1Revenue Growth and Profit for the Nine Months Through Q34×
  3. 2Reliance on Interest-Bearing Debt and Rising Market Interest Rates3×
  4. 3Acquiring new customers through advertising expenses2×
  5. 4Reliance on a Major OEM Contract Manufacturer2×
  6. 5Decline in the Voting Rights Ratio of Major Shareholders2×
  7. 6Dilution of Share Value and Voting Rights Through the Exercise of Stock Acquisition Rights2×

★ 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 Waqoo yet. It last moved in the Earnings of 2026-09-11: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Revenue composition centered on direct sales | Waqoo Inc. (4937) | Komori