Dependence on the Talent Agency’s Earnings Power
First written in FY2021. 3 of 5 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2019: 7 of 29 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company has positioned its startup M&A brokerage service as a new pillar of growth in its medium-term management policy and is pursuing business expansion, but its revenue base remains heavily dependent on the human capital business at present.」
While recognizing that dependence on the human capital business remains substantial, the company has positioned its startup M&A brokerage service as a new pillar of growth and is diversifying its revenue sources. - FY2026-H1MitigatedAnnual report
「Based on this policy, the company shifted its sales strategy in the human capital business to focus on expanding contact with more job seekers and strengthened cross-selling centered on the open innovation business. As a result, revenue for the current interim consolidated accounting period amounted to ¥2.258278 billion, up 33.0% year on year.」
In addition to shifting the human capital business’s sales strategy, the company has promoted cross-selling centered on the open innovation business to expand its revenue base across multiple businesses. - FY2025MitigatedAnnual report
「Against the backdrop of its outstanding track record and brand strength in providing talent support to startups through its core talent-agency service, the group has expanded into open innovation services and the venture capital business.」
The company continues to pursue revenue diversification in response to its dependence on talent-agency revenue by expanding into open innovation and venture capital. - FY2022RestatedAnnual report
「While the group has continued to grow steadily, centered on its core talent-agency service, it remains highly dependent on the service’s profitability.」
The company continues to recognize its dependence on talent-agency revenue as an issue and is addressing it by developing adjacent areas and entering new businesses. - FY2021First statedAnnual report
「While the company has continued to grow steadily, centered on its core talent-agency service, it remains highly dependent on the service’s profitability. To support the company’s long-term development and build infrastructure to support growth industries, the company will pursue entry into and expansion of new businesses.」
The company identified its dependence on talent-agency revenue as an explicit issue and risk for the first time in a standalone disclosure, stating that it would address this through entry into and expansion of new businesses.