Establishing Business Models for Growth Businesses and Creating Next-Generation New Businesses
First written in FY2019. 14 of 28 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-18.
56 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the smart agriculture field, the company maintained its leading share in the plant factory business and vegetable sales, while orders for contract research, consulting and test plants using technology developed through the business to optimize photosynthesis also remained firm.」
The company expanded its business from plant factories and vegetable sales into contract research, consulting and test plants using photosynthesis technology, resulting in full-year profitability for X-Tech as a whole. - FY2026-H1AdvancedAnnual report
「X-Tech as a whole achieved profitability, driven by the strong performance of the smart agriculture field. As a result, X-Tech reported sales of ¥3,876 million and operating profit of ¥43 million .」
The smart agriculture field drove X-Tech as a whole, enabling it to turn from an operating loss to operating profit and achieve profitability. The company maintained the leading share in the plant factory business and vegetable sales, and began receiving orders for contract research, consulting and test plants related to photosynthetic organisms. - FY2025AdvancedAnnual report
「In the smart agriculture field, the company secured earnings by advancing its high-value-added product strategy and continued to achieve profitability on a monthly basis from the latter half of the period. Although the plant factory market remains sluggish due to higher electricity costs and other factors, the company is working to establish proprietary services by applying the knowledge developed through its plant factory business to new businesses using photosynthetic organisms.」
Smart agriculture continued to achieve monthly profitability, and the company moved to the stage of applying knowledge accumulated through its plant factory business to new businesses using photosynthetic organisms. X-Tech's overall operating loss narrowed to ¥13 million. - FY2025-H1AdvancedAnnual report
「In the smart agriculture field, sales increased as a result of Farmship Co., Ltd., previously an equity-method affiliate, becoming a consolidated subsidiary. The company continues to develop a structure capable of providing research and development, production, sales and branding for plant-factory vegetables and food tech, and to build proprietary services aimed at realizing data-driven, highly profitable smart agriculture. As a result, X-Tech reported sales of ¥3,967 million and an operating loss of ¥86 million.」
X-Tech reported higher sales due to the consolidation of Farmship as a subsidiary. Sales rose 54.5% year on year, while the operating loss narrowed from ¥238 million in the same period of the previous year to ¥86 million. Development of the plant-factory vegetable and food tech value chain and proprietary services also continued. - FY2024WorsenedAnnual report
「In the smart agriculture field, orders remained sluggish due to higher electricity costs and other factors. However, in anticipation of entering a reinvestment phase from fiscal 2025 onward, the company has established a structure capable of providing research and development, production, sales and branding for plant-factory vegetables, and continues to build proprietary services aimed at realizing data-driven, highly profitable smart agriculture.」
While developing the smart agriculture business platform and building proprietary services, orders remained sluggish due to higher electricity costs and other factors. X-Tech reported sales of ¥6,106 million and an operating loss of ¥317 million. - FY2024-Q3WorsenedAnnual report
「In the smart agriculture field, orders remained sluggish due to higher electricity costs and other factors, but the company established a structure capable of providing research and development, production, sales and branding for plant-factory vegetables. It is working to build proprietary services aimed at realizing data-driven, highly profitable smart agriculture. As a result, X-Tech reported sales of ¥3,899 million and an operating loss of ¥311 million.」
While developing the smart agriculture business platform and building proprietary services, X-Tech saw orders remain sluggish due to higher electricity costs and other factors. Sales declined 3.1% year on year, and the operating loss widened from ¥193 million in the same period of the previous year to ¥311 million. - FY2024-Q2Development of the value-chain structure, with lower X-Tech sales and a wider lossAnnual report
「In the smart agriculture field, performance remained sluggish due to higher electricity and material costs, but the company established a structure based on value-chain functions covering the research and development, production, sales and branding of plant-factory vegetables. Going forward, it will provide proprietary services to companies entering the next-generation agriculture and food tech markets and work to build data-driven, highly profitable smart agriculture. As a result, X-Tech reported sales of ¥2,568 million and an operating loss of ¥238 million.」
The company stated that it had completed development of the structure for value-chain functions covering research and development, production, sales and branding in smart agriculture, and was expanding its initiatives into services for next-generation agriculture and food tech. Meanwhile, X-Tech reported a 6.9% year-on-year decline in sales, and its operating loss widened from ¥97 million in the same period of the previous year to ¥238 million. - FY2024-Q1Continued development of smart agriculture, but X-Tech sales declined and operating loss widenedAnnual report
「In the smart agriculture field, following the start of commercial operations at the next-generation plant factory “Block FARM,” the company focused on developing the value chain covering plant factory infrastructure, cultivation, sales and distribution. Going forward, it will establish new services for companies entering next-generation agriculture and food tech, and work to build data-driven, highly profitable smart agriculture. As a result, X-Tech reported sales of ¥978 million and an operating loss of ¥181 million.」
The company expanded its initiatives from commercial operations at Block FARM to developing the value chain covering infrastructure, cultivation, sales and distribution, as well as establishing new services for next-generation agriculture and food tech. Meanwhile, X-Tech reported a 23.6% year-on-year decline in sales, and its operating loss widened from ¥70 million in the same period of the previous year to ¥181 million. - FY2023AdvancedAnnual report
「Block FARM, a next-generation plant factory for spinach and the world's first closed-type artificial-light plant factory, was completed in May 2022. Early commercial-scale production was achieved through the knowledge accumulated to date.」
The company stated that early commercial-scale production at Block FARM was achieved after its completion in May 2022. It also described expansion into an IT business for medical institutions, a cloud-based AI service for pest control, and smart agriculture distribution and sales. - FY2023-Q3RestatedAnnual report
「In the Smart Agri field, the company continues to work toward full-scale spinach production at “Block FARM,” the next-generation plant factory completed in May 2022 and the world’s first enclosed, artificial-light plant factory to achieve mass production of spinach.」
In smart agriculture, one of the growth businesses, the company continued working toward full-scale spinach production based on Block FARM. - FY2023-Q2AdvancedAnnual report
「In the healthcare field, the Total Pack IT service, which provides a hospital's IT systems as a single package, remained strong. In the ICT field, sales of IT-related equipment remained firm, and sales of FlaRevo, the company's original video management system solution, also remained strong. In the smart agriculture field, the company continued working toward the commercial-scale production of spinach, the world's first at a closed-type artificial-light plant factory, at the next-generation plant factory “Block FARM,” completed in May 2022. As a result, X-Tech reported sales of ¥2,759 million and an operating loss of ¥97 million.」
X-Tech advanced specific business initiatives involving Total Pack IT, FlaRevo and Block FARM. Sales rose 29.6% year on year to ¥2,759 million, while the operating loss narrowed from ¥146 million in the same period of the previous year to ¥97 million. - FY2023-Q1AdvancedAnnual report
「In the Smart Agri field, the next-generation plant factory “Block FARM” was completed in May 2022, and the company is working to launch its production business as soon as possible.」
In smart agriculture, identified as a growth business, the next-generation plant factory “Block FARM” was completed in May 2022, and the company moved into the launch phase of its production business. - FY2022-Q3WorsenedAnnual report
「Meanwhile, performance in the smart agriculture field remained sluggish as the company focused on constructing its own plant factory in preparation for the transition to a production business. In the network systems field, new orders for factory management systems such as monitoring remained sluggish. As a result, sales were ¥3,527 million, down 39.9% year on year, and the company posted an operating loss of ¥192 million, compared with operating profit of ¥286 million in the same quarter of the previous year.」
ICT Systems reported a 39.9% year-on-year decline in sales and turned from operating profit to an operating loss of ¥192 million due to its focus on constructing its own plant factory and sluggish new orders for factory management systems. The growth business continued to deteriorate. - FY2022-Q2WorsenedAnnual report
「Meanwhile, performance in the smart agriculture field remained sluggish as it coincided with a preparation period for shifting the business model to a production business. In the network systems field, new orders for factory management systems such as monitoring remained sluggish. As a result, sales were ¥2,128 million, down 54.7% year on year, and the company posted an operating loss of ¥146 million, compared with operating profit of ¥371 million in the same quarter of the previous year.」
Due to the preparation period for the business model transition and sluggish new orders, ICT Systems reported a 54.7% year-on-year decline in sales and turned from operating profit to an operating loss of ¥146 million. - FY2022-Q1Growth business: lower sales and operating lossAnnual report
「Meanwhile, performance in the smart agriculture field remained sluggish as it coincided with a preparation period for shifting the business model to a production business. In the network systems field, demand for telework products entered a lull, and new orders for factory management systems such as monitoring remained sluggish. As a result, sales were ¥1,002 million, down 66.4% year on year, and the company posted an operating loss of ¥90 million, compared with operating profit of ¥334 million in the same quarter of the previous year.」
Due to preparations for the smart agriculture business model transition, a lull in telework demand and sluggish new orders for factory management systems, ICT Systems reported a 66.4% year-on-year decline in sales and turned from operating profit to an operating loss. - FY2021Full-year decline in growth business sales and operating profitAnnual report
「In the smart agriculture field, performance remained firm after a large-scale plant factory project was recorded in the first half of the fiscal year, but was sluggish in the second half as it coincided with a preparation period for shifting the business model to a production business. In the network systems field, the components business remained firm due to strong inquiries for telework products, but new orders for factory management systems such as monitoring remained sluggish. In the healthcare field, the supplies business was on an increasing trend, but the business related to in-hospital IT equipment remained sluggish. As a result, ICT Systems as a whole reported lower sales and lower operating profit.」
While large-scale smart agriculture projects and telework demand provided support, full-year ICT Systems sales were ¥7,605 million, down 18.1% from the previous fiscal year, and operating profit was ¥292 million, down 46.3%, resulting in lower sales and lower profit for the growth business. - FY2021-Q3Lower sales, broadly flat profitAnnual report
「③ ICT Systems [Consolidated net sales for the third quarter were ¥5,865 million, down 5.1% year on year, and operating profit was ¥286 million, up 0.4%] The smart agriculture field remained firm due to the recording of a large-scale plant factory project in the first half of the fiscal year. In the network systems field, the components business remained firm due to strong inquiries for telework products, but new orders for factory management systems such as monitoring remained sluggish. In the healthcare field, the supplies business was on an increasing trend, but the business related to in-hospital IT equipment remained sluggish.」
While large-scale plant factory projects and inquiries for telework products supported the business, ICT Systems as a whole reported a 5.1% year-on-year decline in sales, while operating profit increased only 0.4%. - FY2021-Q2AdvancedAnnual report
「③ ICT Systems [Consolidated net sales for the second quarter were ¥4,696 million, up 7.3% year on year, and operating profit was ¥371 million, up 46.0%] In the network systems field, the components business remained firm due to special demand for telework products, but new orders for factory management systems such as monitoring and RFID remained sluggish due to the impact of COVID-19. The supplies business for testing also remained sluggish in the healthcare field. Meanwhile, ICT Systems as a whole reported higher sales due to the recording of a large-scale plant factory project in the smart agriculture field, and operating profit also increased substantially.」
ICT Systems, identified as a growth business, recorded a large-scale plant factory project, resulting in a 7.3% year-on-year increase in sales and a 46.0% increase in operating profit. The figures demonstrate progress toward commercialization of smart agriculture. - FY2021-Q1AdvancedAnnual report
「③ ICT Systems [Consolidated net sales for the first quarter were ¥2,986 million, up 52.7% year on year, and operating profit was ¥334 million, up 356.6%] In the network systems field, new orders for factory management systems such as monitoring and RFID were delayed by the impact of COVID-19, while demand for the ICT components business, which had been performing well, entered a lull. In the healthcare field, the supplies business for testing remained sluggish. Meanwhile, ICT Systems as a whole reported a substantial increase in sales due to the recording of a large-scale plant factory project in the smart agriculture field. Operating profit also increased substantially, supported by the contribution from the smart agriculture field.」
The recording of a large-scale plant factory project in the smart agriculture field, identified as a growth business, drove a 52.7% year-on-year increase in ICT Systems sales and a 356.6% increase in operating profit. - FY2020AdvancedAnnual report
「ICT Facilities Systems [Consolidated net sales for the fiscal year were ¥10,990 million, up 24.0% from the previous fiscal year, and operating profit was ¥627 million, up 283.3%]」
ICT Facilities Systems, identified as a growth business, reported a 24.0% year-on-year increase in sales and a 283.3% increase in operating profit, driven by large-scale smart agriculture plant factory projects. - FY2020-Q3AdvancedAnnual report
「Meanwhile, demand for the smart agriculture business, particularly plant factories, which has now entered full-scale operation, remains strong, and orders are increasing. ③ ICT Facilities Systems [Consolidated net sales for the third quarter were ¥7,404 million, up 48.7% year on year, and operating profit was ¥311 million, compared with an operating loss of ¥122 million in the same quarter of the previous year] ICT network-related equipment in the information and communications and medical fields performed well. Building equipment-related equipment also performed well in the building systems field, supported by the buoyant construction market centered on major metropolitan areas. In addition, sales increased substantially as a result of recording a large-scale plant factory project in the smart agriculture field.」
Demand for the smart agriculture business remained strong and orders increased, while a large-scale plant factory project was recorded. ICT Facilities Systems reported a 48.7% year-on-year increase in sales, and operating profit turned from an operating loss in the same period of the previous year to profit of ¥311 million, demonstrating the progress of the growth businesses in numerical terms. - FY2020-Q2AdvancedAnnual report
「③ ICT Facilities Systems [Consolidated net sales for the second quarter were ¥5,238 million, up 67.3% year on year, and operating profit was ¥289 million, compared with an operating loss of ¥68 million in the same quarter of the previous year] ICT network-related equipment in the information and communications and medical fields performed well. Building equipment-related equipment also performed well, supported by the buoyant construction market centered on major metropolitan areas in the building systems field. In addition, sales increased substantially as a result of recording a large-scale plant factory project in the smart agriculture field.」
The recording of a large-scale plant factory project in the smart agriculture field drove a 67.3% year-on-year increase in ICT Facilities Systems sales, while operating profit turned from an operating loss in the same period of the previous year to profit of ¥289 million. This demonstrates concrete progress in the growth businesses. - FY2020-Q1AdvancedAnnual report
「In addition, sales increased substantially as a result of recording a large-scale plant factory project in the smart agriculture field.」
The company recorded a large-scale plant factory project in the smart agriculture field, identified as a growth business, contributing to a substantial increase in sales at ICT Facilities Systems. This represents specific progress in the business. - FY2019First statedAnnual report
「Establishing business models for growth businesses and creating next-generation new businesses. In the smart agriculture, healthcare and network businesses, the company aims to establish the businesses at an early stage through the timely allocation of management resources. It will also strengthen its business incubation capabilities by establishing an in-house development structure and seek to continuously create next-generation new businesses.」
The company identified smart agriculture, healthcare, network, and safety and security as growth and new business domains, and for the first time presented the policy of advancing commercialization through the allocation of management resources and an in-house development structure as an independent theme.