Establishment of a Recurring Revenue Base
First written in FY2016. 8 of 17 entries say "Advanced", first in FY2020. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「In this environment, the brokerage-related business increased year on year, while the subleasing business achieved a slight year-on-year increase in the number of properties and a 3.3% increase in gross profit.」
The company reports that the subleasing business, the core of its recurring revenue base, saw a slight increase in the number of properties and a 3.3% year-on-year increase in gross profit. - FY2025AdvancedAnnual report
「In this environment, the brokerage-related business declined year on year, while the subleasing business achieved a slight year-on-year increase in the number of properties and a 12.7% increase in gross profit.」
The company reports that the subleasing business, the core of its recurring revenue base, saw a slight increase in the number of properties and a 12.7% year-on-year increase in gross profit. - FY2024AdvancedAnnual report
「In this environment, the brokerage-related business declined year on year, while the subleasing business achieved a slight year-on-year increase in the number of properties and a 27.5% increase in gross profit.」
The company reports that the subleasing business, the core of its recurring revenue base, saw a slight increase in the number of properties and a 27.5% year-on-year increase in gross profit. - FY2023AdvancedAnnual report
「In this environment, the brokerage-related business declined year on year, while the subleasing business achieved a slight year-on-year increase in the number of properties and a 13.3% increase in gross profit.」
The company reports that, in addition to a slight increase in the number of subleasing properties, gross profit rose 13.3% year on year. - FY2022AdvancedAnnual report
「Within the Group, the brokerage-related business declined year on year, while the subleasing business achieved a slight year-on-year increase in the number of properties and a 3.7% increase in gross profit.」
The number of subleasing properties increased slightly year on year, while gross profit improved from a 0.2% decline to a 3.7% increase. - FY2022-Q2Sublease business flat year on yearAnnual report
「Within the Group, the brokerage-related business declined year on year, while the subleasing business maintained year-on-year stability.」
The company explains that the subleasing business secured a year-on-year flat result for the cumulative second quarter, compared with a slight decline in gross profit for the full previous fiscal year. - FY2021Slight decline in sublease gross profitAnnual report
「Although our brokerage-related business declined year on year, the number of sublease properties increased slightly year on year, while gross profit decreased by 0.2%.」
The Group states that the number of sublease properties increased slightly year on year, while gross profit declined by 0.2%. - FY2021-Q2RestatedAnnual report
「Although our brokerage-related business increased year on year, the sublease business was flat year on year, while ordinary profit increased by 8.6% year on year.」
The Group continues to describe the sublease business as flat year on year, following the previous quarter. - FY2021-Q1Sublease business flat year on yearAnnual report
「Although our brokerage-related business increased year on year, we were able to maintain the sublease business at the same level as the previous year.」
The description changed from a slight increase in property count and gross profit in the previous period to maintaining the sublease business at the same year-on-year level in the current quarter. - FY2020AdvancedAnnual report
「Although our brokerage-related business declined year on year, the number of sublease properties increased slightly year on year and gross profit increased by approximately 5%.」
Despite the impact of COVID-19, the Group reported a slight year-on-year increase in sublease-property count and approximately 5% growth in gross profit. - FY2020-Q3WorsenedAnnual report
「If further requests for restraint continue at stationside stores and in shopping arcades, revenue from the sublease business may decline, potentially resulting in a substantial decrease in revenue and profit.」
The Group states that continued requests for restraint could reduce sublease revenue and lead to a substantial decrease in revenue and profit, putting pressure on its stable recurring-revenue base. - FY2019RestatedAnnual report
「We believe that establishing a solid recurring-revenue base that is not affected by economic conditions or companies’ willingness to open new outlets will lead to further improvement in performance in the next fiscal year.」
The Group continues to position its recurring-revenue base as a driver of improved performance in the next fiscal year. - FY2018Cited as achievedAnnual report
「During the fiscal year under review, we continued to pursue an aggressive sales stance, including increased hiring and promotional expenses, but were able to establish a solid recurring-revenue base that is not affected by economic conditions or companies’ willingness to open new outlets, which we believe will lead to further improvement in performance in the next fiscal year.」
The prior achievement of establishing a recurring-revenue base insulated from economic conditions and companies’ willingness to open new outlets is cited again in the full-year performance discussion. - FY2017Cited as achievedAnnual report
「During the fiscal year under review, we continued to pursue an aggressive sales stance, including increased hiring and promotional expenses, but were able to establish a solid recurring-revenue base that is not affected by economic conditions or companies’ willingness to open new outlets, which we believe will lead to further improvement in performance in the next fiscal year.」
The prior achievement of establishing a recurring-revenue base is cited again in the explanation of the year’s performance. - FY2016AchievedAnnual report
「As a result, during the fiscal year under review, we were able to establish a solid recurring-revenue base that is not affected by personal consumption, economic conditions or companies’ willingness to open new outlets.」
The Group explicitly states that it established a recurring-revenue base relatively insulated from economic conditions during the fiscal year under review.