Sluggish Video Cloud customer growth and lower revenue and profit due to a decline in the number of sales consultants
First written in FY2024-Q2. 4 of 8 entries say "Worsened", first in FY2024-Q3. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「New Video Cloud customer acquisitions fell below plan, while SG&A expenses, including costs related to the launch of new services and M&A-related expenses, increased ahead of schedule. As a result, revenue and profit declined in line with the revision to the earnings forecast announced during the period.」
Full-year revenue and profit declined as new Video Cloud customer acquisitions fell below plan and personnel were reassigned to the subscription-based new service, while M&A-related expenses were incurred ahead of schedule. - 2026-05-15RestatedEarnings
「During the current third-quarter consolidated accounting period, sales initially progressed favorably as we focused on selling website production and Raise-related services. However, sales growth stalled due to factors including a decline in the number of sales consultants.」
The company continues to state that it focused on website production and Raise-related services while sales growth stalled due to factors including a decline in sales consultants. - FY2026-H1Continued revenue decline, higher profitAnnual report
「As a result, revenue for the interim accounting period was ¥1,286.842 million, down 1.1% year on year; operating profit was ¥165.211 million, up 49.5%; ordinary profit was ¥169.941 million, up 45.5%; and interim net income was ¥115.142 million, up 48.2%.」
While revenue continued to decline year on year, operating profit, ordinary profit and interim net income all increased. - FY2025Continued revenue decline, recovery in operating profitAnnual report
「As a result, revenue for the fiscal year was ¥2,685.382 million, down 2.7% year on year; operating profit was ¥334.167 million, up 1.5%; ordinary profit was ¥345.576 million, up 1.1%; and net income was ¥233.710 million, down 2.2%.」
Revenue continued to decline due to sluggish Video Cloud acquisitions, while operating profit and ordinary profit increased year on year due to lower SG&A expenses and other factors. - FY2025-H1WorsenedAnnual report
「Although the Company proposed new services using subsidies, orders remained sluggish because the adoption rate was substantially below expectations. As a result, revenue and each profit measure during the interim accounting period were weaker than expected. Revenue for the interim accounting period was ¥1,301.207 million, down 3.9% year on year; operating profit was ¥110.542 million, down 34.3%; ordinary profit was ¥116.782 million, down 33.3%; and interim net income was ¥77.706 million, down 32.2%.」
In addition to the decline in the number of sales consultants, the Company reported sluggish orders due to the lower adoption rate of its subsidy-based services, with revenue and each profit measure declining year on year in the interim period. - FY2024WorsenedAnnual report
「As a result, revenue for the fiscal year was ¥2,761.203 million, down 5.2% year on year; operating profit was ¥329.301 million, down 55.4%; ordinary profit was ¥341.736 million, down 54.0%; and net income was ¥238.888 million, down 53.2%.」
The full-year results confirmed lower revenue and profit and a shortfall against plan through Q3, with revenue, operating profit, ordinary profit and net income each declining year on year. - FY2024-Q3WorsenedAnnual report
「Performance for the cumulative nine-month period was lower year on year in both revenue and profit, as Video Cloud customer acquisition remained sluggish due in part to a decline in the number of sales consultants. Revenue was slightly below plan. Profit at each stage was substantially below plan because, although fixed costs increased year on year, revenue declined and the operating margin deteriorated more than expected.」
Lower revenue and profit continued year on year, while higher fixed costs and lower revenue caused the operating profit margin to deteriorate more than expected, widening the shortfall against plan for each profit measure from the second quarter's "broadly in line with plan." - FY2024-Q2First statedAnnual report
「Performance during the cumulative second quarter period was lower in both revenue and profit year on year, as acquisitions of Video Cloud customers remained sluggish due partly to the decline in the number of sales consultants. Revenue tracked slightly below plan, and each profit measure was pressured by the decline in revenue, although the final results were broadly in line with plan.」
Video Cloud acquisitions remained sluggish due partly to the decline in the number of sales consultants and other factors. Revenue was slightly below plan and declined year on year, as did profit, while the final results were broadly in line with plan.