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Elements (5246) · RiskWorsened

Dependence on sales of LIQUID eKYC

First written in FY2022. 1 of 4 entries say "Softened", first in FY2023. Latest entry: FY2025.

4entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022SoftenedFY2023RestatedFY20242023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Reliance on Major Products and ServicesA theme 47 companies write about · 49 as a headwind · 0 as a tailwind

Elements moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.

The whole theme swung hardest in 2026: 5 of 29 companies on the "Worse" side.

2 other companies' latest entry also says "Worsened".

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 47 companies compared. The sentences above are computed from all 47.
Full recordFilings, disclosures and news, newest first
  1. FY2025WorsenedAnnual report

    「For the fiscal year ended November 2025, revenue from LIQUID eKYC and Polarify eKYC accounted for approximately 70% of total Group revenue.」

    Although dependence on specific services expanded to 2 services, the proportion of revenue dependent on them increased from approximately 60% in the previous fiscal year to approximately 70%.
  2. FY2024RestatedAnnual report

    「As of the end of November 2024, revenue from LIQUID eKYC accounted for approximately 60% of total Group revenue.」

    Dependence on LIQUID eKYC revenue was approximately 60%, confirming that the Group remained dependent on the service without a major shift from the previous year's level of more than 60%.
  3. FY2023SoftenedAnnual report

    「As of the end of November 2023, revenue from LIQUID eKYC accounted for more than 60% of total Group revenue.」

    Although dependence on the core service continued, the stated proportion declined from “more than 70%” as of the end of November 2022 to “more than 60%.”
  4. FY2022First statedAnnual report

    「As of the end of November 2022, revenue from LIQUID eKYC accounted for more than 70% of total Group revenue.」

    The Group disclosed the possibility that revenue from its core service could decline due to the emergence of competitors and amendments to the Act on Prevention of Transfer of Criminal Proceeds, among other factors.
Moved together

"Continued Operating Losses and Negative Operating Cash Flow" moved the same way as this thread, in the same document, in 2 of its 4 moves.

222★123
  1. ★This thread
  2. 1Continued Operating Losses and Negative Operating Cash Flow2×
  3. 2Negative Retained Earnings Carried Forward2×
  4. 3Dilution of per-share value from the exercise of stock options2×

★ 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
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News
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Dependence on sales of LIQUID eKYC | ELEMENTS,Inc. (5246) | Komori