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i-mobile (6535) · RiskWorsened

Dependence on the Ad Network Business

First written in FY2015. 10 of 13 entries say "Worsened", first in FY2024-Q3. Latest entry: FY2026.

13entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2015 – FY2017WorsenedFY2024-Q3 – FY20262016: 22017: 120172018: 020182019: 020192020: 020202021: 020212022: 020222023: 020232024: 220242025: 220252026: 62026
Same theme, other companies
Risk of Business Concentration in the Internet Advertising MarketA theme 5 companies write about · 5 as a headwind · 0 as a tailwind

i-mobile moved to the "Worse" side of this theme in 2024.

1 other company's 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.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「However, as changes in consumer behavior and consumption patterns worldwide have altered the formats that are mainstream in internet advertising, growth in the ad network advertising market has relatively slowed, significantly affecting the company's ad network business.」

    The company continues to disclose a significant business impact from changes in advertising formats and slower market growth in connection with its dependence on the ad network business.
  2. FY2026-H1WorsenedAnnual report

    「As the mainstream formats for internet advertising have changed, growth in the ad network advertising market has slowed relatively, significantly affecting the company's business.」

    Regarding dependence on the ad network business, the company states that slower market growth resulting from changes in advertising formats has had a significant impact on its business.
  3. 2026-03-12WorsenedFinancial results

    「At the same time, the impact of reduced budgets from major customers in the ad network business and declining advertising expenditure across the industry continued, resulting in year-on-year declines in both revenue and segment profit.」

    The deterioration in earnings related to dependence on the ad network business continued in the interim period, resulting in a segment loss of ¥23 million.
  4. FY2025WorsenedAnnual report

    「Meanwhile, the decline in advertising budgets among major customers and others in the ad network business continued to have a significant impact on our earnings, resulting in year-on-year declines in both revenue and segment profit.」

    Regarding dependence on the core ad network business, declining advertising budgets among major customers and others continued throughout the year, resulting in internet advertising revenue of ¥2,411 million and segment profit of ¥153 million.
  5. FY2025-H1WorsenedAnnual report

    「Meanwhile, the decline in advertising budgets among our major customers and across the industry in the ad network business continued to have a significant impact on earnings, resulting in year-on-year declines in both revenue and segment profit.」

    The impact of declining advertising budgets continued into the interim period for the core ad network business, resulting in lower revenue and profit.
  6. FY2024WorsenedAnnual report

    「However, changes in people's behavior and consumption patterns worldwide have significantly affected the company's core ad network business, including through weak advertising rates, and conditions remain uncertain.」

    Regarding dependence on the ad network business, the company states that weak advertising rates and declining advertising budgets among major customers and across the industry had a significant impact on full-year earnings.
  7. FY2024-Q3WorsenedAnnual report

    「Meanwhile, the impact on the company's earnings of declining advertising budgets among its major customers and across the industry remains substantial, resulting in year-on-year decreases in both revenue and segment profit.」

    The ad network business was significantly affected by declining advertising budgets among major customers and across the industry, with the business dependence risk reflected in lower revenue and segment profit.
  8. FY2017RestatedAnnual report

    「The ad network-related business accounts for most of the Group's revenue.」

    The company continues to disclose its business structure in which the ad network-related business accounts for most of revenue.
  9. FY2016RestatedAnnual report

    「The ad network-related business accounts for most of the Group's revenue.」

    The company reiterates as a risk its business structure in which the ad network-related business accounts for most of revenue.
  10. FY2015First statedAnnual report

    「The ad network-related business accounts for most of the Group's revenue. The Group intends to further expand revenue by continuing to provide high-value-added services, but if a problem arises in the growth of the ad network-related business, it may affect the Group's business and performance.」

    The company discloses as a risk its business structure in which the core business accounts for most of revenue.
Moved together

"Stable, sustainable growth of the ad network-related business" moved the same way as this thread, in the same document, in 7 of its 13 moves.

754432★123456
  1. ★This thread
  2. 1Stable, sustainable growth of the ad network-related business7×
  3. 2Difficulty Securing Internet Advertising Revenue Due to Economic Deterioration5×
  4. 3Continued Business Creation and Expansion of Revenue Streams4×
  5. 4Failure to achieve the expected benefits of M&A and investments and financing, and investment recovery risk4×
  6. 5Dilution of Shareholder Value Through the Exercise of Stock Options3×
  7. 6Diversification of Internet Advertising Services2×

★ 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 i-mobile yet. It last moved in the General Meetings of Shareholders of 2026-09-30: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on the Ad Network Business | i-mobile Co.,Ltd. (6535) | Komori