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Will Group (6089) · RiskReframed

Dependence on the Sales Outsourcing Business

First written in FY2016. 3 of 5 entries say "Mitigated", first in FY2017. Latest entry: FY2021.

5entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016MitigatedFY2017 – FY2020-Q32016: 120162017: 120172018: 120182019: 020192020: 120202021: 12021
Same theme, other companies
Sensitivity to Market Changes Due to a Single Business or SegmentA theme 90 companies write about · 89 as a headwind · 0 as a tailwind

Will Group moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).

The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.

5 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 90 companies compared. The sentences above are computed from all 90.
Full recordFilings, disclosures and news, newest first
  1. FY2021ReframedAnnual report

    「The three main areas of staffing services in the domestic WORK business, namely sales outsourcing, call-center outsourcing and factory outsourcing, accounted for 44.3% of consolidated revenue.」

    The risk was redefined from dependence on the sales outsourcing business alone to dependence on the combined total of the three main areas of the domestic WORK business. The company also stated its policy of reducing this dependence by developing nursing care, construction and overseas WORK as its next pillars.
  2. FY2020-Q3MitigatedAnnual report

    「The sales outsourcing business generated revenue of ¥17,547 million, up 5.5% year on year, and segment profit of ¥1,338 million, up 25.1%.」

    Revenue from the sales outsourcing business accounted for approximately 19.1% of consolidated revenue of ¥91,776 million, continuing the decline in dependence from 27.3% in FY2018.
  3. FY2018MitigatedAnnual report

    「The sales outsourcing business accounted for 27.3% of consolidated revenue for the current period.」

    Revenue dependence on the sales outsourcing business declined from 33.1% in the previous fiscal year to 27.3%.
  4. FY2017MitigatedAnnual report

    「The sales outsourcing business accounted for 33.1% of consolidated revenue for the current period.」

    Revenue dependence on the core business declined from 38.6% in the previous disclosure to 33.1%.
  5. FY2016First statedAnnual report

    「The group's current core business is sales outsourcing, which accounted for 38.6% of consolidated revenue for the current period.」

    The company identified as a risk the possibility that sales in its core business may decline amid intensifying competition and other factors, and that its dependence may continue if growth in other businesses does not proceed as planned.
Moved together

"Goal of growing the three core businesses into No. 1 players in their respective industries" moved the same way as this thread, in the same document, in 4 of its 5 moves.

433222★123456
  1. ★This thread
  2. 1Goal of growing the three core businesses into No. 1 players in their respective industries4×
  3. 2Expansion of Overseas Business Centered on ASEAN3×
  4. 3Establishing three businesses as new core pillars: healthcare and nursing care, internet and IoT, and overseas human resources services3×
  5. 4Stock acquisition rights for officers conditional on EBITDA exceeding ¥2 billion2×
  6. 5Recruitment and Development of Highly Specialized Staff2×
  7. 6Profit Distribution Targeting a Total Payout Ratio of 30% for the Fiscal Year Ending March 20202×

★ 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 Will Group yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on the Sales Outsourcing Business | WILL GROUP,INC. (6089) | Komori