Impact on recurring revenue from a decline in project-based service wins
First written in FY2022. 3 of 5 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-10-14.
Fixer moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「During the interim consolidated accounting period, the end of certain large projects that had contributed to revenue, including Expo-related projects, resulted in revenue of ¥293 million from project-based services, ¥789 million from resale and ¥318 million from managed services.」
The end of large projects resulted in project-based service revenue of ¥293 million. The volatility of project-based revenue has become evident in actual results. - FY2024RestatedAnnual report
「Therefore, if it becomes difficult to win project-based service engagements due to increased competition or stronger competitors, this will not only reduce flow-based revenue but could also affect the growth of managed services, which are stock-based or recurring-revenue services, thereby potentially affecting our business development, business results and financial position.」
The Company continues to disclose the risk that weaker project-based services could spill over into stock-based revenue. - FY2022First statedAnnual report
「If it becomes difficult to win project-based service engagements, this will not only reduce flow-based revenue but could also affect the growth of managed services, which are stock-based or recurring-revenue services.」
This is a knock-on risk arising from the business structure in which project-based services serve as the entry point to resale and managed services.