Higher Personnel Costs and Wider Losses Associated with Establishing the Overseas Business Division
First written in FY2017-Q2. 15 of 21 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「Against this backdrop, we suspended the production and sales business for vegetable seedlings and potted flowers and sold agricultural supplies, including fertilizer and seeds, mainly in China, in cooperation with local partner companies. Going forward, we will develop a new operating structure for the post-COVID-19 period and review our business development in China's agricultural-related markets, which offer various possibilities.」
After suspending the production and sales business in China and shifting the focus to agricultural supplies sales, the overseas business segment loss narrowed from ¥37.099 million in the previous fiscal year to ¥21.384 million. - FY2022-Q2WorsenedAnnual report
「As a result, during the six months ended the second quarter of the current consolidated fiscal year, revenue was ¥27.755 million, up 161.4% year on year, and the segment loss (operating loss) was ¥20.208 million, compared with a segment loss of ¥18.804 million in the same period of the previous year.」
The overseas business generated higher revenue, while the segment loss widened from ¥18.804 million to ¥20.208 million. - FY2022-Q1MitigatedAnnual report
「As a result, during the three months ended the first quarter of the current consolidated fiscal year, revenue was ¥17.689 million, up 177.1% year on year, and the segment loss (operating loss) was ¥7.108 million, compared with a segment loss of ¥8.879 million in the same quarter of the previous year.」
Revenue from the overseas business increased, and the segment loss also narrowed from the same quarter of the previous year. - FY2021MitigatedAnnual report
「As a result, for the current consolidated fiscal year, revenue was ¥29.646 million, down 38.4% year on year, and the segment loss (operating loss) was ¥37.099 million, compared with a segment loss of ¥63.828 million in the previous fiscal year.」
Revenue declined due to reduced production and activity restrictions in China, while manufacturing costs fell as staffing and production facilities were reduced, narrowing the segment loss from the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「As a result, during the nine months ended the third quarter of the current consolidated fiscal year, revenue was ¥17.838 million, down 56.5% year on year, and the segment loss (operating loss) was ¥26.048 million, compared with a segment loss of ¥49.903 million in the same period of the previous year.」
Revenue from the overseas business declined 56.5% year on year, while the segment loss narrowed from ¥49.903 million to ¥26.048 million. Activity restrictions and sales curbs in China continued. - FY2021-Q2MitigatedAnnual report
「As a result, during the six months ended the second quarter of the current consolidated fiscal year, revenue was ¥10.619 million, down 64.8% year on year, and the segment loss (operating loss) was ¥18.804 million, compared with a segment loss of ¥26.650 million in the same period of the previous year.」
Revenue from the overseas business declined 64.8% year on year, while the segment loss narrowed from ¥26.650 million to ¥18.804 million. - FY2021-Q1MitigatedAnnual report
「As a result, during the three months ended the first quarter of the current consolidated fiscal year, revenue was ¥6.384 million, down 53.6% year on year, and the segment loss (operating loss) was ¥8.879 million, compared with a segment loss of ¥10.571 million in the same quarter of the previous year.」
Revenue from the overseas business declined 53.6% year on year, while the segment loss narrowed from ¥10.571 million in the same quarter of the previous year to ¥8.879 million. - FY2020-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, revenue was ¥41.012 million, up 173.7% year on year, due mainly to increased fertilizer sales as sales of fertilizer and cultivation systems using bag-type liquid fertilizer supply systems for the Chinese domestic market, launched in the previous fiscal year, moved into full-scale operation. Selling, general and administrative expenses increased due to higher staffing and other costs to promote the overseas business, resulting in a segment loss (operating loss) of ¥49.903 million, compared with a segment loss of ¥32.343 million in the same period of the previous year.」
Revenue increased substantially as fertilizer sales moved into full-scale operation, while selling, general and administrative expenses increased due to higher staffing and other costs to promote the overseas business, widening the segment loss. - FY2020-Q2WorsenedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, revenue was ¥30.178 million, up 125.7% year on year. Selling, general and administrative expenses increased due to higher staffing and other costs to promote the overseas business, resulting in a segment loss (operating loss) of ¥26.650 million, compared with a segment loss of ¥21.410 million in the same period of the previous year.」
The overseas business generated substantially higher revenue, while selling, general and administrative expenses increased due to higher staffing and other costs to promote the business, widening the segment loss. - FY2020-Q1MitigatedAnnual report
「Since the previous fiscal year, we have sold fertilizer and cultivation systems using bag-type liquid fertilizer supply systems for the Chinese domestic market. Increased fertilizer sales contributed to higher revenue. During the three months ended the first quarter of the current consolidated fiscal year, revenue was ¥13.786 million, up 567.8% year on year, and the segment loss (operating loss) was ¥10.571 million, compared with a segment loss of ¥11.656 million in the same quarter of the previous year.」
Revenue from the overseas business increased substantially, while the segment loss narrowed from the same quarter of the previous year. - FY2019MitigatedAnnual report
「For the current consolidated fiscal year, revenue was ¥29.304 million, up 58.8% year on year, and the segment loss (operating loss) was ¥42.425 million, compared with a segment loss of ¥47.850 million in the previous fiscal year.」
The overseas business generated higher revenue, and the segment loss also narrowed from the previous fiscal year. Sales of fertilizer and cultivation systems and trial introductions of enclosed seedling-growing facilities are under way. - FY2019-Q3MitigatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, revenue was ¥14.983 million, down 14.2% year on year, including ¥488 thousand equivalent to the profit on fertilizer sales transactions worth ¥8.057 million launched for the Chinese domestic market. The segment loss (operating loss) was ¥32.343 million, compared with a segment loss of ¥37.310 million in the same period of the previous year.」
Revenue from the overseas business declined, while fertilizer sales were launched and the segment loss narrowed from ¥37.310 million to ¥32.343 million. - FY2019-Q2MitigatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, revenue was ¥13.372 million, down 4.9% year on year, including ¥488 thousand equivalent to the profit on fertilizer sales transactions worth ¥8.057 million launched for the Chinese domestic market. The segment loss (operating loss) was ¥21.410 million, compared with a segment loss of ¥25.276 million in the same period of the previous year.」
Fertilizer sales for the Chinese domestic market were launched, and the overseas business segment loss narrowed from ¥25.276 million in the same quarter of the previous year to ¥21.410 million. - FY2019-Q1MitigatedAnnual report
「During the three months ended the first quarter of the current consolidated fiscal year, revenue was ¥2.064 million, down 28.3% year on year, and the segment loss (operating loss) was ¥11.656 million, compared with a segment loss of ¥13.869 million in the same quarter of the previous year.」
Revenue from the overseas business declined, while the segment loss narrowed from the same quarter of the previous year. Preparations continued for the seedling business in Beijing, China, and the start of sales in South Korea. - FY2018MitigatedAnnual report
「Revenue for the consolidated fiscal year was ¥18.450 million, down 1.4% year on year, while segment loss (operating loss) was ¥47.850 million, compared with segment loss of ¥55.241 million in the previous fiscal year.」
Revenue from the overseas business declined, but the segment loss narrowed from ¥55.241 million to ¥47.850 million. - FY2018-Q3MitigatedAnnual report
「Revenue for the cumulative third quarter of the current consolidated fiscal year was ¥17.467 million, up 7.9% year on year, while segment loss (operating loss) was ¥37.310 million, compared with segment loss of ¥47.282 million in the same quarter of the previous year.」
Revenue from the overseas business increased, while the segment loss narrowed from ¥47.282 million in the same quarter of the previous year to ¥37.310 million. - FY2018-Q2MitigatedAnnual report
「At the joint venture newly established in Beijing, China, in December 2017, preparations are under way for full-scale business development in China. We continue to actively pursue technology development, agricultural market research mainly in China, market development and other activities aimed at expanding the overseas business, led by the overseas business division. During the six months ended the second quarter of the current consolidated fiscal year, revenue was ¥14.067 million, down 1.3% year on year, and the segment loss (operating loss) was ¥25.276 million, compared with a segment loss of ¥31.459 million in the same period of the previous year.」
Revenue from the overseas business decreased 1.3% year on year, while the segment loss narrowed from ¥31.459 million to ¥25.276 million. - FY2018-Q1MitigatedAnnual report
「In addition, the company newly established a joint venture in Beijing, China, in December 2017 and proceeded with preparations for full-scale business development in China. It also continued to actively pursue technology development, agricultural market research and market development, primarily in China, through its overseas business division. Revenue for the cumulative first quarter of the current consolidated fiscal year was ¥2.881 million, up 15.0% year on year, while segment loss (operating loss) was ¥13.869 million, compared with segment loss of ¥19.256 million in the same quarter of the previous year.」
While advancing the full-scale development of the overseas business, including the establishment of a joint venture in Beijing, China, the overseas business segment loss narrowed from the same quarter of the previous year. - FY2017WorsenedAnnual report
「From the current consolidated fiscal year, we established an overseas business division and increased staff to strengthen technology development, agricultural market research mainly in China, market development and other activities in preparation for the full-scale development of the overseas business. The segment loss (operating loss) for the current consolidated fiscal year was ¥55.241 million, compared with a segment loss of ¥9.094 million in the previous fiscal year.」
As initiatives to fully develop the overseas business continued following the establishment of the overseas business division and the increase in staff, the segment loss widened substantially year on year. - FY2017-Q3WorsenedAnnual report
「This business segment operates a controlled-environment horticulture business in Shandong Province, China, focused mainly on producing vegetable and flower seedlings, potted flowers (cyclamens), and fresh produce such as tomatoes, as well as conducting trials for production technology development. In addition, the company established an overseas business division in the current consolidated fiscal year and is actively pursuing technology development, agricultural market research and market development, primarily in China, to expand its overseas business. Revenue for the cumulative third quarter of the current consolidated fiscal year was ¥16.187 million, up 0.3% year on year, while segment loss (operating loss) was ¥47.282 million, compared with segment loss of ¥11.080 million in the same quarter of the previous year.」
While the newly established overseas business division and business expansion activities continued, the segment loss widened from ¥11.080 million in the same quarter of the previous year to ¥47.282 million. The current disclosure does not identify higher personnel expenses as a direct factor behind the wider loss. - FY2017-Q2First statedAnnual report
「As personnel expenses and other costs increased following the establishment of the overseas business division, the segment loss (operating loss) was ¥31.459 million, compared with a segment loss of ¥10.482 million in the same quarter of the previous year.」
Personnel expenses and other costs actually increased following the establishment of the overseas business division, and the overseas business segment loss widened from ¥10.482 million in the same quarter of the previous year to ¥31.459 million.