Lower revenue and profit in the IoT business due to higher sales of car-sharing onboard units and lower sales of telematics onboard units
First written in FY2018-Q3. 4 of 30 entries say "Advanced", first in FY2025. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Full-year IoT revenue and profit growthAnnual report
「The IoT business posted higher sales and income as sales of D-Drive and Work Mate progressed steadily. For the current consolidated fiscal year, net sales were ¥1,024 million, up 20.6% year on year, and segment income was ¥277 million, compared with segment income of ¥57 million in the previous fiscal year.」
Strong sales of D-Drive and Work Mate drove full-year IoT revenue growth of 20.6%, and segment profit increased from ¥57 million to ¥277 million. - 2026-05-08AdvancedEarnings
「The IoT business posted higher sales and income year on year as sales of D-Drive and Work Mate progressed steadily. For the first nine months of the current consolidated fiscal year, net sales were ¥738 million, up 24.7% year on year, and segment income was ¥188 million, compared with segment income of ¥7 million in the same period of the previous year.」
D-Drive及びWork Mateの販売増加により、IoT事業の売上高及びセグメント損益が大きく改善した。 - FY2026-H1IoT revenue growth and swing to profitabilityAnnual report
「IoT operations recorded higher net sales and profit year on year as sales of D-Drive and Work Mate progressed steadily. During the interim consolidated accounting period, net sales were ¥565 million, up 96.5% year on year, and segment profit was ¥157 million, compared with a segment loss of ¥38 million in the previous interim consolidated accounting period.」
Strong sales of D-Drive and Work Mate drove a 96.5% year-on-year increase in IoT revenue, and the segment swung from a ¥38 million loss to a ¥157 million profit. - FY2025AdvancedAnnual report
「IoT revenue increased due to higher orders for D-Drive and Work Mate, and the segment swung from a loss in the previous fiscal year to a profit. As a result, revenue for the current consolidated fiscal year was ¥849 million, up 18.5% year on year, and segment profit was ¥57 million, compared with a segment loss of ¥38 million in the previous fiscal year.」
Higher D-Drive and Work Mate orders drove IoT revenue growth of 18.5%, and the segment swung from a ¥38 million loss to a ¥57 million profit. - FY2025-H1Loss narrowed despite lower revenue, due to increased orders and adoption of new servicesAnnual report
「In the IoT business, D-Drive orders increased, driving higher revenue. Work Mate adoption also continued to increase steadily, but IoT revenue for the interim consolidated accounting period declined because there were no contracts involving the installation of large-scale equipment, unlike in the previous interim consolidated accounting period. The segment loss narrowed from the previous interim consolidated accounting period because the increase in Work Mate adoption boosted revenue from high-margin cloud service usage fees. As a result, revenue for the interim consolidated accounting period was ¥287 million, down 5.0% year on year, and the segment loss was ¥38 million, compared with a segment loss of ¥51 million in the previous interim consolidated accounting period.」
D-Drive orders and Work Mate adoption increased, but the absence of contracts for large-scale equipment installations caused IoT revenue to decline 5.0%. Higher revenue from high-margin cloud service usage fees narrowed the segment loss from ¥51 million to ¥38 million. - FY2024New services drove revenue growth, but the full-year loss widenedAnnual report
「In the IoT business, increased Work Mate and D-Drive activity offset the decline in maintenance revenue caused by the suspension of telematics in-vehicle device shipments, resulting in higher revenue. Profitability, however, deteriorated, and the loss widened from the previous fiscal year due to a lower profit margin resulting from changes in the revenue mix and higher advertising expenses, among other factors. As a result, revenue for the current consolidated fiscal year was ¥716 million, up 21.0% year on year, and the segment loss was ¥38 million, compared with a segment loss of ¥37 million in the previous fiscal year.」
Increased Work Mate and D-Drive activity offset the decline in telematics in-vehicle device maintenance revenue, driving IoT revenue growth of 21.0%, while lower margins and higher advertising expenses, among other factors, widened the segment loss. - FY2024-Q3New services drove revenue growth, but the IoT loss continued to widenAnnual report
「In the IoT business, increased Work Mate and D-Drive activity offset the decline in maintenance revenue caused by the suspension of telematics in-vehicle device shipments, resulting in higher revenue. Profitability, however, deteriorated, and the loss widened from the same quarter of the previous year due to a lower profit margin resulting from changes in the revenue mix and higher advertising expenses, among other factors. As a result, revenue for the first nine months of the current consolidated fiscal year was ¥415 million, up 16.8% year on year, and the segment loss was ¥84 million, compared with a segment loss of ¥52 million in the same period of the previous year.」
Increased Work Mate and D-Drive activity drove IoT revenue growth of 16.8%, while lower margins and higher advertising expenses, among other factors, widened the segment loss from ¥52 million to ¥84 million. - FY2024-Q2New services drove revenue growth, but the loss continued to widenAnnual report
「In the IoT business, increased Work Mate and D-Drive activity offset the decline in maintenance revenue caused by the suspension of telematics in-vehicle device shipments, resulting in higher revenue. Profitability, however, deteriorated, and the loss widened from the same quarter of the previous year due to a lower profit margin resulting from changes in the revenue mix and higher advertising expenses, among other factors. As a result, revenue for the first six months of the current consolidated fiscal year was ¥303 million, up 48.4% year on year, and the segment loss was ¥51 million, compared with a segment loss of ¥30 million in the same period of the previous year.」
Increased Work Mate and D-Drive activity offset the decline in telematics in-vehicle device maintenance revenue, driving IoT revenue growth of 48.4%. However, lower margins and higher advertising expenses, among other factors, widened the segment loss from ¥30 million to ¥51 million. - FY2024-Q1Revenue maintained by new services, but loss widenedAnnual report
「In the IoT business, increased Work Mate and D-Drive activity offset the decline in maintenance revenue caused by the suspension of telematics in-vehicle device shipments, keeping revenue broadly in line with the same quarter of the previous year. Profitability, however, deteriorated, and the loss widened due to a lower profit margin resulting from changes in the revenue mix and higher advertising expenses, among other factors. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥103 million, down 2.9% year on year, and the segment loss was ¥46 million, compared with a segment loss of ¥12 million in the same quarter of the previous year.」
Increased Work Mate and D-Drive activity offset the decline in telematics in-vehicle device maintenance revenue, keeping revenue broadly stable, while lower margins and higher advertising expenses widened the segment loss from ¥12 million to ¥46 million. - FY2023Increased adoption but wider full-year IoT lossAnnual report
「Work Mate and D-Drive adoption continued to increase steadily due to the effects of active promotional activities and other factors, resulting in higher revenue. Profitability, however, deteriorated, and the loss widened from the previous fiscal year due to higher advertising expenses and depreciation of tangible and intangible fixed assets, among other factors.」
IoT revenue increased 15.1% year on year to ¥592 million due to increased Work Mate and D-Drive adoption, while the segment loss widened from ¥9 million to ¥37 million. - FY2023-Q3Increased Work Mate and D-Drive adoption, but wider lossAnnual report
「In the IoT business, in-vehicle device-related operations were broadly flat, while Work Mate and D-Drive adoption continued to increase steadily due to the effects of active promotional activities and other factors, resulting in higher revenue. Profitability, however, deteriorated, and the loss widened from the same quarter of the previous year due to higher advertising expenses and depreciation of tangible and intangible fixed assets, among other factors. As a result, revenue for the first nine months of the current consolidated fiscal year was ¥356 million, up 5.6% year on year, and the segment loss was ¥52 million, compared with a segment loss of ¥4 million in the same period of the previous year.」
IoT revenue increased 5.6% year on year due to increased Work Mate and D-Drive adoption, while the segment loss widened from ¥4 million to ¥52 million due to higher advertising and depreciation expenses, among other factors. - FY2023-Q2Revenue growth offset by wider loss due to higher advertising and depreciation expensesAnnual report
「In the IoT business, in-vehicle device-related operations were broadly flat, while Work Mate adoption continued to increase steadily due to the effects of active promotional activities and other factors, resulting in higher revenue. Profitability, however, deteriorated, and the loss widened from the same quarter of the previous year due to higher advertising expenses and depreciation of tangible and intangible fixed assets, among other factors.」
IoT revenue increased 4.0% year on year to ¥204 million as Work Mate adoption increased, while the segment loss widened from ¥21 million to ¥30 million due to higher advertising and depreciation expenses, among other factors. - FY2023-Q1Work Mate revenue growth; narrower lossAnnual report
「In the IoT business, in-vehicle device-related operations were broadly flat, while Work Mate adoption continued to increase steadily due to the effects of active promotional activities and other factors. As a result, revenue increased and the loss narrowed from the same quarter of the previous year.」
In-vehicle device-related operations were broadly flat, while increased Work Mate adoption drove higher IoT revenue and narrowed the segment loss from ¥14 million in the same period of the previous year to ¥12 million. - FY2022-Q3Completion of successor-model development and start of shipments of new in-vehicle devicesAnnual report
「Development of the successor to the car-sharing in-vehicle device was completed during the third quarter, and shipments began as a new in-vehicle device.」
The company disclosed the completion of development of a successor model for the car-sharing in-vehicle device and the start of product shipments as the new in-vehicle device. Meanwhile, the impact of the suspension of telematics in-vehicle device shipments continues. - FY2022-Q2Revenue decline and swing to a loss due to continued shipment suspensions; increased Work Mate ordersAnnual report
「In the IoT business, orders for car-sharing in-vehicle devices increased, while Work Mate orders continued to rise steadily, partly due to the effects of active promotional activities. However, the significant impact of the suspension of telematics in-vehicle device shipments since the second quarter of the previous fiscal year caused revenue to decline, and the segment remained loss-making, as in the first quarter. As a result, revenue for the first six months of the current consolidated fiscal year was ¥196 million, down 29.3% year on year, and the segment loss was ¥21 million, compared with segment profit of ¥3 million in the same period of the previous year.」
Orders for car-sharing in-vehicle devices and Work Mate increased, but the IoT business saw revenue decline 29.3% due to the impact of the suspension of telematics in-vehicle device shipments, swinging from a ¥3 million profit to a ¥21 million loss. - FY2022-Q1Revenue declined and the business moved to a loss as the shipment suspension continued, while Work Mate revenue increased.Annual report
「In the IoT business, Work Mate generated higher revenue year on year, partly due to the effects of active promotional activities. However, revenue declined substantially because shipments of telematics in-vehicle devices have been suspended since the second quarter of the previous fiscal year. Profitability also fell below the same quarter of the previous year, resulting in a segment loss. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥90 million, down 52.0% year on year, and the segment loss was ¥14 million, compared with segment profit of ¥13 million in the same quarter of the previous year.」
Work Mate generated higher revenue due to the effects of promotional activities, but the continued suspension of telematics in-vehicle device shipments caused IoT revenue to decline 52.0% and the segment to swing from a profit to a ¥14 million loss. - FY2021Full-year revenue declined and the business moved to a loss due to the voluntary recall and shipment suspension.Annual report
「In the IoT business, revenue and segment profit fell substantially below the same period of the previous year due to fewer orders for in-vehicle car-sharing devices and the suspension of shipments of the relevant product after the voluntary recall of telematics devices began. As a result, revenue for the current consolidated fiscal year was ¥483 million (down 32.3% year on year), and the business reported a segment loss of ¥23 million (compared with segment profit of ¥91 million in the previous fiscal year).」
The IoT business reported a 32.3% decline in full-year revenue and turned to a segment loss of ¥23 million due to fewer orders for in-vehicle car-sharing devices and the suspension of shipments following the voluntary recall of telematics devices. - FY2021-Q3The IoT business moved to a loss on lower revenue due to the voluntary recall and shipment suspension.Annual report
「In the IoT business, revenue and segment profit fell substantially below the same quarter of the previous year due to fewer orders for in-vehicle car-sharing devices and the suspension of shipments of the relevant product after the voluntary recall of telematics devices began. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥388 million (down 31.8% year on year), and the business reported a segment loss of ¥16 million (compared with segment profit of ¥81 million in the same period of the previous year).」
The IoT business reported a 31.8% decline in revenue and turned to a segment loss of ¥16 million due to fewer orders for in-vehicle car-sharing devices and the suspension of shipments following the voluntary recall of telematics devices. - FY2021-Q2The IoT business reported lower revenue and profit due to fewer orders following a voluntary product recall.Annual report
「In the IoT business, orders declined for in-vehicle car-sharing devices and telematics devices following the voluntary recall conducted in October 2020. In addition, depreciation of intangible fixed assets increased, resulting in lower revenue and profit year on year. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥277 million (down 28.9% year on year), and segment profit was ¥3 million (down 95.2% year on year).」
The IoT business reported revenue down 28.9% and segment profit down 95.2% due to fewer orders following the voluntary recall of telematics devices and higher depreciation expenses. - FY2021-Q1Revenue increased due to higher telematics orders, but profit declined because of depreciation and other expenses.Annual report
「In the IoT business, revenue increased year on year as orders for telematics devices continued to trend upward, despite a decline in shipments of in-vehicle car-sharing devices. Segment profit declined year on year due to changes in the sales mix and higher depreciation of intangible fixed assets, among other factors. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥187 million (up 22.0% year on year), and segment profit was ¥13 million (down 43.1% year on year).」
Although shipments of in-vehicle car-sharing devices declined, IoT business revenue increased 22.0% year on year due to higher orders for telematics devices. Meanwhile, segment profit declined 43.1% due to changes in the sales mix and higher depreciation of intangible fixed assets. - FY2020Full-year revenue increased, but profit declined due to higher sales promotion expenses.Annual report
「In the IoT business, sales of in-vehicle car-sharing devices scheduled for the fourth quarter were postponed to the following fiscal year due to the impact of the novel coronavirus disease. However, revenue increased year on year as orders for telematics devices recovered and results for Work Mate and ROOM CONCIER continued to grow steadily. Segment profit declined year on year as selling, general and administrative expenses increased due to the year-round effort to intensify sales promotion activities for new products, including Work Mate. As a result, revenue for the current consolidated fiscal year was ¥714 million (up 12.8% year on year), and segment profit was ¥91 million (down 25.7% year on year).」
Although sales of in-vehicle car-sharing devices were postponed, revenue in the IoT business increased due to the recovery in orders for telematics devices and growth in results for Work Mate and ROOM CONCIER. Segment profit declined as expenses for promoting sales of new products increased. - FY2020-Q3Profit declined due to higher sales and increased sales promotion expenses.Annual report
「In the IoT business, revenue increased year on year as sales of in-vehicle car-sharing devices increased and orders for telematics devices continued to recover. Segment profit declined year on year as selling, general and administrative expenses increased in line with intensified sales promotion activities for new products including Work Mate. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥570 million (up 26.6% year on year), and segment profit was ¥81 million (down 7.4% year on year).」
Revenue increased due to higher sales of in-vehicle car-sharing devices and the recovery in orders for telematics devices, while segment profit declined because selling, general and administrative expenses increased as sales promotion activities for new products such as Work Mate were intensified. - FY2020-Q2Revenue and profit growth continuedAnnual report
「In the IoT business, sales of in-vehicle car-sharing devices increased, and orders for telematics devices were also recovering. As a result, both revenue and segment profit increased year on year. Revenue for the cumulative second quarter of the current consolidated fiscal year was ¥390 million (up 29.4% year on year), and segment profit was ¥66 million (up 13.2% year on year).」
The IoT business reported higher revenue and profit, with revenue up 29.4% and segment profit up 13.2% year on year, driven by higher sales of in-vehicle car-sharing devices and a recovery trend in orders for telematics devices. - FY2020-Q1The IoT business returned to revenue and profit growth.Annual report
「In the IoT business, sales of in-vehicle car-sharing devices increased, while orders for telematics devices also gradually recovered. As a result, both revenue and segment profit increased year on year. Revenue for the cumulative first quarter of the current consolidated fiscal year was ¥153 million (up 49.1% year on year), and segment profit was ¥24 million (up 419.3% year on year).」
Higher sales of in-vehicle car-sharing devices and a recovery in orders for telematics devices resulted in IoT business revenue of ¥153 million, up 49.1% year on year, and segment profit of ¥24 million, up 419.3%. - FY2019Revenue declined but profit increased amid delays in rolling out new products.Annual report
「In the IoT business, orders for in-vehicle car-sharing devices increased, but revenue declined year on year due to the significant impact of the decline in telematics devices, compounded by delays in rolling out some new products. Segment profit increased year on year as the margin rose due to changes in the sales mix. As a result, revenue for the current consolidated fiscal year was ¥633 million (down 4.9% year on year), and segment profit was ¥123 million (up 38.6% year on year).」
Although orders for in-vehicle car-sharing devices increased, revenue declined due to the decline in telematics devices and delays in rolling out some new products. Segment profit increased 38.6% as margins rose. - FY2019-Q3Higher car-sharing orders continued to drive profit growth despite lower revenue.Annual report
「In the IoT business, orders for in-vehicle car-sharing devices continued to increase, but the impact of the decline in telematics devices was significant, resulting in lower revenue year on year. Segment profit increased year on year as the margin rose due to changes in the sales mix. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥450 million (down 12.2% year on year), and segment profit was ¥87 million (up 6.4% year on year).」
Orders for in-vehicle car-sharing devices continued to increase, but the substantial decline in telematics devices caused revenue to fall. Meanwhile, segment profit increased 6.4% year on year as the margin rose due to changes in the sales mix. - FY2019-Q2Profit increased as higher car-sharing orders offset the decline in revenue.Annual report
「In the IoT business, increased orders for in-vehicle car-sharing devices offset the decline in telematics devices, keeping revenue broadly in line with the same quarter of the previous year. Segment profit increased year on year as the margin rose due to changes in the sales mix. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥302 million (down 3.1% year on year), and segment profit was ¥58 million (up 44.2% year on year).」
Higher orders for in-vehicle car-sharing devices offset the decline in telematics devices, and segment profit increased 44.2% year on year. - FY2019-Q1RestatedAnnual report
「In the IoT business, sales of in-vehicle car-sharing devices increased, but the impact of lower sales of telematics devices was significant, resulting in lower revenue and profit year on year. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥103 million (down 25.7% year on year), and segment profit was ¥4 million (down 66.8% year on year).」
Although sales of in-vehicle car-sharing devices increased, the continued decline in sales of telematics devices had a significant impact, resulting in lower revenue and profit in the IoT business. - FY2018RestatedAnnual report
「In the IoT business, orders for factory IoT solution projects were secured from multiple companies, contributing to revenue growth. However, the impact of lower sales of telematics devices was significant, resulting in lower revenue and profit year on year. As a result, revenue for the current consolidated fiscal year was ¥666 million (down 6.2% year on year), and segment profit was ¥89 million (down 23.0% year on year).」
Although orders were secured for factory IoT solutions, lower sales of telematics devices caused the IoT business to report lower revenue and profit for the full year. - FY2018-Q3First statedAnnual report
「In the IoT business, sales of in-vehicle car-sharing devices increased, but the impact of lower sales of telematics devices in the first half was significant, resulting in lower revenue and profit year on year. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥513 million (down 5.2% year on year), and segment profit was ¥82 million (down 20.7% year on year).」
Although sales of in-vehicle car-sharing devices increased, the IoT business reported lower revenue and profit year on year due to the impact of lower sales of telematics devices. Revenue was ¥513 million and segment profit was ¥82 million.