High dependence on insurance-covered services
First written in FY2019. 5 of 9 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「In the fiscal year ending March 2026, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 80.5% of total company revenue,」
Dependence on services covered by insurance declined from 82.0% in the previous fiscal year to 80.5%. However, the Company states that the level remains high. - FY2025WorsenedAnnual report
「In the fiscal year ended March 2025, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 82.0% of total company revenue,」
The revenue mix for services covered by insurance rose from 81.3% in the previous fiscal year to 82.0%, indicating increased numerical dependence on the insurance system. - FY2024MitigatedAnnual report
「However, in the fiscal year ended March 2024, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 81.3% of total company revenue. If reimbursement rates or other fees are revised in a manner unfavorable to the Company, or if competition intensifies further, this could have a material impact on the Company's operating results and financial condition.」
The revenue mix for services covered by insurance declined from 82.3% in the previous fiscal year to 81.3%. However, the Company states that its level of dependence remains high. - FY2023MitigatedAnnual report
「However, in the fiscal year ended March 2023, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 82.3% of total company revenue,」
The revenue mix for services covered by insurance declined from 83.8% in the previous fiscal year to 82.3%, while services not covered by insurance accounted for 17.7%. However, the Company states that its level of dependence remains high. - FY2022MitigatedAnnual report
「However, in the fiscal year ended March 2022, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 83.8% of total company revenue. If reimbursement rates or other fees are revised in a manner unfavorable to the Company, or if competition intensifies further, this could have a material impact on the Company's operating results and financial condition.」
The revenue mix for services covered by insurance declined from 87.5% in the previous fiscal year to 83.8%, while services not covered by insurance accounted for 16.2%. However, the Company states that its level of dependence remains high. - FY2021-Q3RestatedAnnual report
「Following the mutually agreed termination, effective 30 June 2020, of the business alliance agreement with 星野リゾート, which had provided services including non-insurance-covered massage and SPA services, the massage company-operated business now provides only insurance-covered massage services.」
The company-operated business no longer has a channel for providing services not covered by insurance, reiterating the Company's structure of dependence on services covered by insurance. However, this filing does not provide a new figure for the percentage of dependence. - FY2021-Q1WorsenedAnnual report
「Following the mutually agreed termination, effective 30 June 2020, of the business alliance agreement with 星野リゾート, which had provided services including non-insurance-covered massage and SPA services, the massage company-operated business now provides only insurance-covered massage services.」
The massage company-operated business now provides only services covered by insurance, eliminating one channel for providing services not covered by insurance. This filing does not disclose the percentage of total company revenue dependent on such services. - FY2020MitigatedAnnual report
「In the fiscal year ended March 2020, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 92.6% of total company revenue,」
Dependence on services covered by insurance declined from 96.2% in the previous fiscal year to 92.6%. However, the Company itself states that the level remains high. - FY2019First statedAnnual report
「However, in the fiscal year ended March 2019, revenue from services covered by medical insurance and other healthcare insurance systems still accounted for a high 96.2% of total company revenue. If reimbursement rates or other fees are revised in a manner unfavorable to the Company, or if competition intensifies further, this could have a material impact on the Company's operating results and financial condition.」
While the Company also provides services not covered by insurance, it states that services covered by insurance accounted for 96.2% of revenue for the fiscal year.