Risk of stagnation in the mutual aid business and an increase in withdrawals
First written in FY2019. . Latest entry: FY2026.
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- FY2026Continued decline in the balance of advances receivedAnnual report
「Change in advance receipts from prepaid specified transactions (decrease shown in parentheses)」
Advance receipts from prepaid specified transactions also decreased by ¥409,280 thousand in operating cash flow, and the balance of advance receipts related to the mutual-aid business continued to decline. - FY2026-H1Continued decline in the balance of advances receivedAnnual report
「Non-current liabilities were ¥26,918 million, down 0.6% from the end of the previous consolidated fiscal year. This was mainly due to a decrease in advance receipts from prepaid specified transactions.」
Advance receipts from prepaid specified transactions decreased by ¥165 million, from ¥25,718 million at the end of the previous fiscal year to ¥25,552 million, and the balance of advance receipts related to the mutual-aid business base continued to decline. - FY2025-H1Balance of advance receipts decreased during the interim periodAnnual report
「Non-current liabilities were ¥27,137 million, down 0.9% from the end of the previous consolidated fiscal year. This was mainly due to a decrease in advance receipts from prepaid specified transactions.」
Advance receipts from prepaid specified transactions decreased from ¥25,927,734 thousand to ¥25,793,634 thousand, and the balance of advance receipts related to the mutual-aid business base continued to decline. - FY2024Balance of advances received declinedAnnual report
「Decrease of ¥326 million in advance receipts from prepaid specified transactions」
Advance receipts from prepaid specified transactions related to the mutual-aid business decreased by ¥326 million year on year to ¥25,927 million. - FY2020Member-related metrics declinedAnnual report
「The number of services performed for mutual aid members was 3,029, with a value of ¥4,045 million, accounting for 34% of the group's total revenue.」
While the mutual aid business is an important operating base, the number and value of member services performed and their share of the revenue mix declined from the previous fiscal year. - FY2019First statedAnnual report
「The mutual aid business is an important foundation for securing the group's operating revenue. Although the group plans to continue promoting the business and work to increase the number of mutual aid members and the balance of advances received from members, if promotion of the mutual aid business does not proceed as planned for any reason, including an increase in withdrawals from the mutual aid program, this could affect the group's business operations, performance, financial condition and other matters.」
Although mutual aid-related revenue accounts for 35% of total revenue, the company identifies an increase in withdrawals and weak business promotion as risks that could affect performance.