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Mti (9438) · FactRestated

Maintaining earnings through higher ARPU among smartphone paying members

First written in FY2016-Q3. 1 of 14 entries say "Restated". Latest entry: FY2020-Q2.

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ProgressHeldSoftenedWorseOtherFY2016-Q3 – FY2020-Q22016: 120162017: 420172018: 420182019: 320192020: 22020
Same theme, other companies
Deteriorating performance due to declining paying members for content servicesA theme 15 companies write about · 18 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2025: 10 of 11 companies on the "Worse" side.

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 15 companies compared. The sentences above are computed from all 15.
Full recordFilings, disclosures and news, newest first
  1. FY2020-Q2RestatedAnnual report

    「Continued efforts were made to improve average revenue per customer by strengthening the video content offering on music.jp, an integrated music, video, books and comics service site.」

    Amid a decline in members, the company continued efforts to improve average revenue per customer by strengthening the video content offering.
  2. FY2020-Q1From reporting actual higher ARPU to reporting continued initiatives to improve itAnnual report

    「Continue efforts to improve average revenue per customer (ARPU) by strengthening the video content offering on music.jp, an integrated music, video, books and comics service site」

    For the quarter, the disclosure describes continued efforts to improve ARPU through a stronger video content offering rather than reporting that ARPU had actually increased.
  3. FY2019-Q3ARPU continued to rise, but revenue and profit declinedAnnual report

    「Revenue was ¥20,427 million, down 8.0% year on year, as total paying members declined from the same period of the previous year despite the continued upward trend in average revenue per customer (ARPU). Gross profit also declined to ¥15,259 million, down 12.2% year on year, due to lower revenue.」

    Although the upward trend in ARPU continued, both revenue and gross profit declined year on year because total paying members decreased.
  4. FY2019-Q2ARPU continued to rise, but revenue and profit declinedAnnual report

    「Revenue was ¥13,932 million, down 8.1% year on year, as total paying members declined from the same period of the previous year despite the continued upward trend in average revenue per customer (ARPU). Gross profit also declined to ¥10,416 million, down 12.0% year on year, due to lower revenue.」

    Although ARPU continued to trend higher, revenue and gross profit declined year on year because total paying members decreased.
  5. FY2019-Q1Lower revenue and profit despite higher ARPUAnnual report

    「Revenue was ¥6,862 million, down 8.7% year on year, as total paying members declined from the same period of the previous year despite the continued upward trend in average revenue per customer (ARPU). Gross profit also declined to ¥5,229 million, down 11.8% year on year, due to lower revenue.」

    The upward trend in ARPU continued, but revenue and gross profit both declined because total paying members decreased.
  6. FY2018Lower revenue and profit despite higher ARPU and the subsidiary consolidation effectAnnual report

    「Revenue was ¥29,075 million, down 6.0% year on year. Although average revenue per customer continued to trend higher and the consolidation of 株式会社ビデオマーケット as a consolidated subsidiary in March 2017 contributed additional revenue, total paying members declined from the same period of the previous year.」

    Although higher ARPU and the revenue growth effect from consolidating Video Market provided support, they failed to offset the decline in total paying members, resulting in lower full-year revenue.
  7. FY2018-Q3Revenue and profit declined despite higher ARPU and the contribution from a newly consolidated subsidiaryAnnual report

    「Revenue was ¥22,199 million, down 3.9% year on year. Although average revenue per customer (ARPU) continued to trend higher and the consolidation of 株式会社ビデオマーケット as a consolidated subsidiary in March 2017 contributed additional revenue, total paying members declined from the same period of the previous year. Gross profit declined to ¥17,374 million, down 8.8% year on year, mainly because strengthening the video content offering increased cost of revenue.」

    Although higher ARPU and the addition of revenue from consolidating Video Market continued, they failed to offset the decline in members, resulting in lower revenue, while higher costs associated with strengthening the video content offering also reduced gross profit.
  8. FY2018-Q2Revenue was flat, but gross profit declinedAnnual report

    「Revenue was ¥15,162 million, down 0.8% year on year and flat. Although total paying members declined from the same period of the previous year, average revenue per customer (ARPU) continued to trend higher, and revenue was also added following the consolidation of 株式会社ビデオマーケット as a consolidated subsidiary in March 2017. Gross profit declined to ¥11,837 million, down 7.4% year on year, mainly because the expansion of the video content offering increased cost of revenue.」

    Higher ARPU and the addition of revenue from consolidating Video Market offset the decline in members, leaving revenue flat, while gross profit declined because strengthening the video content offering increased costs.
  9. FY2018-Q1Revenue was flat on higher ARPU and the subsidiary consolidation effect, but profit declined due to higher costsAnnual report

    「Revenue was ¥7,517 million, down 1.6% year on year and essentially flat. Although total paying members declined from the previous fiscal year, average revenue per customer (ARPU) continued to trend higher, and revenue was also added following the consolidation of 株式会社ビデオマーケット as a consolidated subsidiary in March 2017. Gross profit declined to ¥5,926 million, down 6.8% year on year, as cost of revenue increased with the expansion of the video streaming content offering.」

    Higher ARPU and the addition of revenue from consolidating Video Market offset the decline in members, leaving revenue essentially flat, while gross profit declined because the expansion of the video streaming content offering increased cost of revenue.
  10. FY2017ARPU continued to rise, but revenue and profit declinedAnnual report

    「Although ARPU continued to rise and revenue benefited from the consolidation of 株式会社ビデオマーケット as a subsidiary, revenue fell 5.8% year on year to ¥30,933 million and gross profit fell 8.0% to ¥25,288 million, mainly due to the decline in total paid subscribers.」

    Although higher ARPU and the addition of revenue from consolidating Video Market continued, they failed to offset the decline in total paying members, resulting in lower revenue and profit for the full year.
  11. FY2017-Q3Revenue and profit declined despite higher ARPU and the contribution from a newly consolidated subsidiaryAnnual report

    「Although revenue benefited from the upward trend in ARPU among smartphone paid subscribers and the consolidation of 株式会社ビデオマーケット as a subsidiary, total paid subscribers declined year on year. As a result, revenue fell 7.3% to ¥23,096 million, while gross profit fell 9.2% to ¥19,057 million.」

    Higher ARPU and the addition of revenue from the consolidation of ビデオマーケット could not offset the decline in total paid subscribers, resulting in lower revenue and profit.
  12. FY2017-Q2ARPU continued to rise, but revenue and profit declinedAnnual report

    「Although the upward trend in ARPU among smartphone paid subscribers continued, centered on music.jp, whose video streaming offerings had been enhanced, total paid subscribers declined from the previous fiscal year. As a result, revenue fell 10.1% year on year to ¥15,285 million, while gross profit fell 11.0% to ¥12,780 million.」

    ARPU continued to rise but could not offset the decline in total paid subscribers, and both revenue and gross profit fell year on year.
  13. FY2017-Q1Revenue declined despite continued ARPU growthAnnual report

    「Although the upward trend in ARPU among smartphone paid subscribers continued, centered on music.jp, whose video streaming offerings had been enhanced, total paid subscribers declined from the previous fiscal year. As a result, revenue fell 10.6% year on year to ¥7,637 million, while gross profit fell 11.4% to ¥6,362 million.」

    The upward trend in ARPU continued, but revenue and gross profit declined due to the decrease in subscriber numbers.
  14. FY2016-Q3First statedAnnual report

    「Although total paid subscribers declined year on year, revenue was broadly flat at ¥24,919 million, up 0.2% year on year, and gross profit was also broadly flat at ¥20,990 million, up 0.3%, as the upward trend in ARPU among smartphone paid subscribers continued for the core services.」

    The company stated that higher ARPU among smartphone paid subscribers supported revenue and gross profit despite the decline in subscriber numbers.
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