Downturn in the Cleaning Division’s Performance Due to Store Closures by a Major Business Partner
First written in FY2020-Q1. 5 of 12 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2023-Q2.
Interlife Holdings moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 6 of 28 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2023-Q2MitigatedAnnual report
「Results remained above the same quarter of the previous year, owing to an increase in orders for cleaning services and steady progress on public works projects, among other factors.」
The cleaning and maintenance business, which had been underperforming because of store closures and suspensions of operations by major customers, exceeded the same period of the previous year as orders for cleaning services increased and public works projects progressed. - FY2023-Q1MitigatedAnnual report
「Performance exceeded the same quarter of the previous year due to a trend toward increased cleaning services, mainly for the amusement and food-service industries, winning tenders for public construction projects, and improved profit margins through collaboration between the two companies.」
Although the cleaning segment was underperforming because of store closures and suspensions of operations by major customers, cleaning services for the amusement and restaurant industries were increasing, and the facilities and maintenance business exceeded the same period of the previous year. - FY2022MitigatedAnnual report
「Orders for cleaning and other services from restaurants and amusement facilities were recovering, but results fell below the same period of the previous year, partly because many of the projects were small.」
Although orders for cleaning services were recovering from the decline caused by store closures and suspensions of operations, many projects were small, and full-year results remained below the same period of the previous year. - FY2022-Q2WorsenedAnnual report
「Although air-conditioning-related maintenance services were recovering, the impact of store closures and voluntary restraints on business operations by customer stores following the reissuance of the state of emergency was substantial, and results remained below the same quarter of the previous year.」
Air-conditioning-related maintenance services were recovering, but the substantial impact of customer store closures and voluntary restraints on business operations following the reissuance of the state of emergency caused the cleaning and maintenance business to remain below the same period of the previous year. - FY2022-Q1RestatedAnnual report
「Facility Management Co., Ltd. was affected by the suspension of operations and voluntary restraints on business operations at stores operated by major customers, and remained below the level of the same quarter of the previous year.」
The suspension of operations and voluntary restraints on business operations at stores operated by major customers have continued to drive year-on-year underperformance in the cleaning and maintenance business. - FY2021WorsenedAnnual report
「At Facility Management Co., Ltd., contract cancellations increased in cleaning and maintenance services because of the closure of stores operated by major customers and other factors, and results fell below the same period of the previous year.」
Contract cancellations increased following the closure of stores operated by major customers, expanding the factors behind the full-year underperformance of cleaning and maintenance services. - FY2021-Q3WorsenedAnnual report
「At Facility Management Co., Ltd., contract cancellations increased in cleaning and maintenance services because of the closure of stores operated by major customers and other factors, and performance remained below the same quarter of the previous year.」
In addition to the previous decline in cleaning and repair services caused by store closures, contract cancellations increased following the closure of stores operated by major customers, expanding the factors behind the underperformance. - FY2021-Q2WorsenedAnnual report
「At Facility Management Co., Ltd., contract cancellations by major customers, mainly affecting cleaning services, resulted in performance remaining below the same quarter of the previous year.」
In addition to the previous decline in cleaning services caused by store closures, contract cancellations by major customers occurred, expanding the factors behind the cleaning segment's underperformance. - FY2021-Q1RestatedAnnual report
「Facility Management Co., Ltd.'s cleaning segment was affected by major customer stores being subject to requests to suspend operations and voluntary restraints on business operations, and remained below the level of the same quarter of the previous year.」
The cleaning segment's underperformance caused by requests to suspend operations and voluntary restraints on business operations at major customer stores has continued. The impact of COVID-19 is also cited as a new cross-company risk. - FY2020-Q3WorsenedAnnual report
「At Facility Management Co., Ltd., net sales fell substantially below the same quarter of the previous year because of declines in cleaning and repair services following the closure of customer stores.」
In addition to a decline in cleaning services caused by customer store closures, repair services also declined, resulting in net sales falling substantially below the same period of the previous year. - FY2020-Q2RestatedAnnual report
「Although air-conditioning overhauls remained solid at Facility Management Co., Ltd., net sales fell below the same quarter of the previous year because of a decline in cleaning services following the closure of customer stores.」
The decline in cleaning services caused by store closures by major customers and the resulting year-on-year decline in sales have continued. Air-conditioning overhauls remained solid. - FY2020-Q1First statedAnnual report
「Facility Management Co., Ltd. was affected by the closure of stores operated by major customers in its cleaning segment and remained below the level of the same quarter of the previous year.」
The company states that store closures by major customers actually resulted in the cleaning segment falling below the same period of the previous year.