Smart Ring Business Becoming a Separate Reportable Segment Due to Increased Quantitative Significance
First written in FY2020-Q1. 10 of 15 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1ReframedAnnual report
「From the current interim consolidated accounting period, because the Global Business and Smart Ring Business became quantitatively less significant, we changed the presentation method so that they are reported as Other rather than as reportable segments.」
The smart ring business was changed from a separate reportable segment to the Other business segment due to a decline in quantitative materiality. - FY2025AdvancedAnnual report
「For the current consolidated fiscal year, net sales were ¥539 million, up 165.2% year on year, and ordinary loss was ¥417 million, compared with an ordinary loss of ¥1,124 million in the previous consolidated fiscal year.」
The smart ring business reported higher revenue due to Expo 2025 Osaka-Kansai, mall locations, the resumption of sales at consumer electronics retailers and OEM supply for digital wallets, among other factors. Ordinary loss narrowed from ¥1,124 million to ¥417 million. - FY2024AdvancedAnnual report
「Following the business alliance with NTT DOCOMO in April 2024, we began sales at 125 Docomo Shops. In July 2024, we also completed development of functionality supporting contactless payments using cards such as Visa, which many transportation operators, including railways and buses, have announced plans to introduce.」
Started sales at 125 stores through the business alliance with NTT DOCOMO and completed development of contactless payment functionality for cards such as Visa. Together with the Expo 2025 Osaka-Kansai welcome campaign, this expanded adoption touchpoints and applications. - FY2024-Q2AdvancedAnnual report
「As part of its adoption for Expo 2025 Osaka-Kansai, we conducted a welcome campaign together with the Japan Association for the 2025 World Exposition and announced the winners of prizes for 40,000 people.」
For the smart ring, conducted a welcome campaign as part of its adoption for Expo 2025 Osaka-Kansai and progressed to announcing the winners for 40,000 people. Activities to raise awareness and promote adoption are being put into practice. - FY2024-Q1AdvancedAnnual report
「Together with the Japan Association for the 2025 World Exposition, we were able to announce the adoption of our product for Expo 2025 Osaka-Kansai. We will work to raise awareness to promote wider adoption of the smart ring business and contribute to the promotion of cashless payments, an area in which Japan lags other developed countries.」
For the smart ring, announced its adoption for Expo 2025 Osaka-Kansai and indicated its use to promote wider adoption and cashless payments. - FY2023Revenue Growth and Smaller LossesAnnual report
「For the current consolidated fiscal year, net sales were ¥197 million, up 5.8% year on year, and ordinary loss was ¥1,009 million, compared with an ordinary loss of ¥1,224 million in the previous consolidated fiscal year.」
The smart ring business reported higher revenue, while ordinary loss narrowed from ¥1,224 million to ¥1,009 million. However, sales volume has not reached a level sufficient to cover promotional expenses and fixed costs. - FY2023-Q3AdvancedAnnual report
「From May 2023, we expanded the number of consumer electronics retail stores carrying our products from 2 to 7.」
Expanded the number of consumer electronics retail stores selling the smart ring from 2 to 7. - FY2023-Q2WorsenedAnnual report
「For the first 2 quarters of the current fiscal year, net sales were ¥82 million, down 33.3% year on year, and ordinary loss was ¥628 million, compared with an ordinary loss of ¥533 million in the same period of the previous year.」
The smart ring business continued to report lower revenue, and ordinary loss also widened from the same period of the previous year. - FY2023-Q1Declining revenue and widening lossAnnual report
「For the first quarter of the current fiscal year, net sales were ¥37 million, down 56.1% year on year, and ordinary loss was ¥432 million, compared with an ordinary loss of ¥128 million in the same period of the previous year.」
The smart ring business recorded a 56.1% year-on-year decline in revenue, while ordinary loss widened from ¥128 million to ¥432 million. At the same time, we are strengthening sales at major consumer electronics retailers and e-commerce marketplaces and assigning dedicated sales staff. - FY2022AdvancedAnnual report
「From August 2022, we began sales through major consumer electronics retailers and major e-commerce marketplaces, and also launched subscription plans around the same time to expand sales. In September 2022, we began taking advance orders for a new silver ring color.」
Expanded smart ring distribution to major consumer electronics retailers and e-commerce marketplaces, and began subscription plans and advance sales of a new color. Net sales were ¥186 million, while ordinary loss was ¥1,224 million. - FY2022-Q3AdvancedAnnual report
「In May 2022, we raised funds for future business expansion through a third-party allotment of shares to parties outside our group. The proceeds were intended to strengthen relationships, including alliances, with parties outside our group and stabilize our financial base. We plan to pursue collaboration with business partners across a wide range of fields, including finance, housing and construction, information and communications, retail and distribution, and healthcare.」
In the smart ring business, raised funds through a third-party allotment of shares and established a policy of pursuing alliances and collaboration with business partners. - FY2022-Q2AdvancedAnnual report
「From March 2022, we opened a pop-up space at Hakata Hankyu to raise awareness. In the same month, in conjunction with the smart lock "Bitlock," we announced a key function following the payment function.」
For the smart ring, expanded its applications by opening a pop-up at Hakata Hankyu and announcing a key function, following payment functionality, through integration with Bitlock. - FY2022-Q1AdvancedAnnual report
「We began general sales in the Japanese market on 1 October 2021. In November of the same year, we launched a new white ring, bringing the color lineup to 2 colors. In addition to our own e-commerce site, we began sales at 10 locations nationwide, including Beauty Connection GINZA, ReFa BOUTIQUE OMOTESANDO and Tsutaya Bookstore outlets, working to raise awareness in regional areas.」
Began general sales of the smart ring in Japan, established a 2-color lineup by adding white, and developed 10 sales channels nationwide. - FY2020-Q2AdvancedAnnual report
「In February 2020, we established the new Japanese corporation 株式会社EVERING to manufacture and sell ring-shaped devices and import and sell related products.」
In the smart ring business, established the Japanese corporation EVERING and put in place a structure for manufacturing and sales, as well as the import and sale of related products. - FY2020-Q1First statedAnnual report
「From the first quarter of the current fiscal year, we changed the presentation of the smart ring business, which had previously been included in the Other business segment, to disclose it as a reportable segment because its quantitative materiality had increased.」
Changed the smart ring business from the Other business segment to a separate reportable segment due to increased quantitative materiality.