Expanding the Overseas Customer Base and Building Recurring Revenue
First written in FY2018. 12 of 15 entries say "Advanced", first in FY2020. Latest entry: 2026-10-15.
The whole theme swung hardest in 2022: 4 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- 2026-10-15AdvancedEarnings
「MSR overseas-related surveys increased 33.5%」
Growth in overseas-related surveys was reported as a concrete result. - FY2027-H1AdvancedAnnual report
「On the revenue side, overseas-related research by MSR increased substantially by 33.5%, while subsidy and grant consulting in the consulting business increased 74.8%. Together with the increase in MSR's gross profit per unit, this resulted in a 9.8% increase in total direct-profit revenue.」
Overseas-related research increased 33.5%, and the expansion of overseas projects contributed to MSR's revenue growth. - 2026-07-10AdvancedEarnings
「MSR overseas-related surveys increased 22.6%」
Growth in overseas-related surveys was reported, while the development of monitor platforms and operations in overseas areas continued. - FY2026-H1AdvancedAnnual report
「On the production side, we will continue to improve and enhance productivity per report, while developing monitoring panels and operating processes in overseas regions where new inquiries are emerging.」
While overseas-related surveys stagnated due to shifts in survey timing, the company entered the stage of developing monitoring panels and operating processes in overseas regions where new inquiries are emerging. - FY2025AdvancedAnnual report
「In Taiwan, which achieved its first full-year profit since establishment in the fiscal year ended February 2021, profitability continued for 3 consecutive fiscal years from the fiscal year ended February 2023. Thailand also achieved profitability in the fiscal year ended February 2025.」
The Taiwanese subsidiary achieved profitability for 3 consecutive fiscal years from the fiscal year ended February 2023, while the Thai subsidiary achieved profitability in the fiscal year ended February 2025. - FY2025-H1AdvancedAnnual report
「MSR revenue increased for the second consecutive quarter, as the focus on expanding transactions under the current period’s policy of “rebuilding MSR” proved effective. Standard surveys increased 10.5%, while overseas-related surveys increased 29.7%.」
Overseas-related surveys increased 29.7% year on year, with the expansion of overseas projects specifically identified as a factor behind higher MSR revenue following the previous quarter. - FY2025-Q1AdvancedAnnual report
「In terms of revenue, compared with the first quarter of the previous fiscal year, all of standard surveys, overseas-related surveys and referral-plus-survey services increased, as MSR’s focus on expanding transactions under the current period’s policy of “rebuilding MSR” proved effective.」
Overseas-related surveys increased, and the expansion of overseas service projects was identified as a factor behind higher MSR revenue. - FY2024AdvancedAnnual report
「In Taiwan, which achieved its first full-year profit since establishment in the fiscal year ended February 2021, we have achieved profitability for 2 consecutive fiscal years and higher revenue and profits since the fiscal year ended February 2023.」
The Taiwanese subsidiary achieved profitability for 2 consecutive fiscal years and higher revenue and profits from the fiscal year ended February 2023, following its first full-year profit since establishment. The company also reported participation in MSPA and an increase in requests from overseas companies for surveys in Japan. - FY2024-Q3AdvancedAnnual report
「As expected, MSR revenue increased due to the expansion of overseas-related surveys and referral-plus-survey services, among other factors.」
The expansion of overseas-related surveys was specifically identified as a factor behind higher MSR revenue, demonstrating the expansion of the overseas customer and project base as a concrete performance driver. - FY2024-Q2AdvancedAnnual report
「Revenue increased due to the resumption of surveys of former business partners, the commencement of surveys of new business partners, responses to requests to change annual survey schedules, and the expansion of overseas-related surveys.」
The expansion of overseas-related surveys was cited as a factor behind the increase in MSR revenue, indicating growth in overseas service projects. - FY2022WorsenedAnnual report
「However, in Thailand in the fiscal year ended December 2021 and Taiwan in the fiscal year ended February 2022, both countries, as in Japan, experienced postponements or cancellations of MSR and consulting projects due to the spread of COVID-19, significantly affecting full-year results. Going forward, while monitoring COVID-19 measures in both countries and the resulting changes in the business environment, we will take steps such as reviewing the allocation of management resources across the overseas business as conditions warrant.」
While Taiwan achieved its first full-year profit since establishment in the previous fiscal year, infection-related postponements and cancellations occurred in both Thailand in the fiscal year ended December 2021 and Taiwan in the fiscal year ended February 2022, significantly affecting full-year results. - FY2021AdvancedAnnual report
「Accordingly, we had recently been working to increase orders for new projects by diversifying lead-generation channels and deploying personnel, with the aim of achieving full-year profitability as early as possible. In Taiwan, which has succeeded in containing COVID-19, we achieved the first full-year profit since establishment in the fiscal year ended February 2021. In Thailand, however, postponements or cancellations of MSR and consulting projects occurred in the fiscal year ended December 2020, as they did in Japan, due to the spread of COVID-19, having a significant impact on full-year results.」
The Taiwanese subsidiary achieved its first full-year profit since establishment, while in Thailand, the spread of COVID-19 led to postponements and cancellations, significantly affecting full-year results. - FY2020AdvancedAnnual report
「Accordingly, in Thailand and Taiwan, where recurring revenue from the accumulation of existing projects is gradually taking shape, both subsidiaries recorded profits in the second half of the fiscal years ended December 2019 and February 2020, respectively.」
Both the Thai and Taiwanese subsidiaries achieved second-half profitability, demonstrating tangible progress toward building recurring revenue and achieving profitability in the overseas business. - FY2019RestatedAnnual report
「In Thailand, where recurring revenue from the accumulation of existing projects is gradually taking shape, we will work to increase orders for new projects by diversifying our lead-generation channels, with a view to achieving profitability in the fiscal year ended December 2019. In Taiwan, inquiries from local companies are finally beginning to develop into projects, and we will seek to achieve profitability as early as possible by deploying personnel from Japan.」
The overseas business policy of achieving profitability in Thailand in the fiscal year ended December 2019, diversifying lead-generation channels and deploying personnel to Taiwan remains in place. - FY2018First statedAnnual report
「In Thailand, where recurring revenue from the accumulation of existing projects is gradually taking shape, we will work to increase orders for new projects by diversifying our lead-generation channels, with a view to achieving profitability in the fiscal year ended December 2019. In Taiwan, inquiries from local companies are finally beginning to develop into projects, and we will seek to achieve profitability as early as possible by deploying personnel from Japan.」
In Thailand, the targets are profitability in the fiscal year ended December 2019, increased orders for new projects and recurring revenue, while in Taiwan, the aim is to achieve profitability as early as possible by deploying personnel.