Construction and Information & Communications Businesses Fall Short of Plan
First written in FY2017-Q3. 5 of 10 entries say "Worsened", first in FY2017. Latest entry: FY2020.
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- FY2020ReframedAnnual report
「In the construction business segment, the Group's core business, 株式会社日商インターライフ and 株式会社システムエンジニアリング continued to perform steadily by capturing strong construction demand in the Tokyo metropolitan area. However, this was insufficient to offset revenue from ファンライフ・デザイン株式会社, which was integrated in the previous fiscal year. In addition, revenue fell below the same period of the previous year because the real estate segment did not benefit from large real estate brokerage projects such as those secured in the previous fiscal year.」
The focus has shifted from the previous description of shortfalls against plan in multiple businesses to a structure in which 日商インターライフ and システムエンジニアリング are performing steadily, while the inability to offset revenue following the integration of ファンライフ・デザイン and the lack of real estate brokerage projects are driving the overall revenue decline. - FY2019WorsenedAnnual report
「Revenue fell substantially below plan in other segments as well, due to weak mobile phone sales, sluggish growth in the staffing business, and further weakness in sales of used amusement machines.」
The report stated that full-year revenue fell substantially below plan due to weakness in multiple segments, indicating that the shortfall against plan had broadened. - FY2019-Q3WorsenedAnnual report
「株式会社日商インターライフ progressed with the completion of large projects and improvements in profit margins, but addressing longer construction periods resulting from the increasing scale of projects remained a challenge, and performance was below plan. 株式会社システムエンジニアリング performed steadily as orders for large projects were secured within the period in addition to the completion of projects ordered in the previous fiscal year. ファンライフ・デザイン株式会社 continued to perform below the previous year's results due to the impact of tighter regulation in the amusement industry.」
システムエンジニアリング continued to make steady progress, while 日商インターライフ fell below plan because of the challenge of addressing longer construction periods as projects increased in scale. ファンライフ・デザイン also continued to fall below the previous year's results. - FY2019-Q2MitigatedAnnual report
「At 株式会社日商インターライフ, some projects shifted into a different period, but the completion of large projects and improvements in profit margins progressed, and performance was broadly in line with plan. At 株式会社システムエンジニアリング, in addition to completing projects ordered in the previous fiscal year, orders for large projects secured within the current period resulted in performance above the previous year's results. ファンライフ・デザイン株式会社 continued to perform below the previous year's results due to the impact of tighter regulation in the amusement industry, as described above. ファシリティーマネジメント株式会社 and 玉紘工業株式会社 focused on expanding plumbing work through collaboration between the two companies and maintenance services requiring technical expertise, and performance was at approximately the previous year's level.」
日商インターライフ was broadly in line with plan, while システムエンジニアリング exceeded the previous year's results, partially easing the shortfall against plan previously reported for multiple companies. Meanwhile, the weak performance of ファンライフ・デザイン continued, and the issue was not fully resolved. - FY2019-Q1WorsenedAnnual report
「Meanwhile, ファンライフ・デザイン株式会社 continued to be affected by tighter regulation in the amusement industry, with continued declines in order volume due to postponements and cancellations of store renovation and other construction work, resulting in performance below plan. ファシリティーマネジメント株式会社 and 玉紘工業株式会社 are focusing on expanding plumbing work through collaboration between the two companies and maintenance services requiring technical expertise, but revenue was below plan.」
The shortfall against plan at ファンライフ・デザイン, which had been confirmed through the previous quarter, continued, while revenue at ファシリティーマネジメント and 玉紘工業 was also reported to have fallen short of plan. - FY2018-Q3WorsenedAnnual report
「However, during the third quarter, ファンライフ・デザイン株式会社 in the construction business was affected by tighter regulation in the amusement industry, and continued postponements and cancellations of store renovation and other construction work resulted in performance below plan.」
While the previous quarter reported that the construction business was above plan, postponements and cancellations of store renovation and other construction work continued at ファンライフ・デザイン this quarter, and the shortfall against plan was again explicitly reported. - FY2018-Q2MitigatedAnnual report
「Against this backdrop, the construction business, a core business, exceeded plan as large projects were completed and orders were secured within the period. In addition, the real estate business contributed by bringing forward the sale of properties held for sale that had been scheduled for the second half, resulting in performance above the same quarter of the previous year.」
For the construction business, which was reported to have fallen short of plan in the previous fiscal year, the completion of large projects and orders secured within the period progressed, resulting in performance above plan. - FY2018-Q1MitigatedAnnual report
「株式会社システムエンジニアリング exceeded its initial plan, driven by steady orders for scheduled projects and increased orders in the Maintenance Services Department, and revenue exceeded the same quarter of the previous year.」
For the construction business, which was reported to have fallen short of plan in the previous fiscal year, orders and progress above plan were reported for 日商インターライフ, ファンライフ・デザイン and システムエンジニアリング, indicating a partial improvement in the shortfall against plan. Revenue from the information and communications business remained below the same period of the previous year, and no full resolution was reported. - FY2017WorsenedAnnual report
「In particular, in the fourth quarter, the number of orders declined because projects were cancelled or postponed, resulting in performance below plan.」
In the construction business, ファンライフ・デザイン fell below plan in the fourth quarter. The information and communications business also recorded sales and operating profit below the previous year. - FY2017-Q3First statedAnnual report
「During the cumulative consolidated third quarter under review, the construction and information and communications businesses fell below plan.」
While advancing the four priority measures of the medium-term management plan, the company has stated for the first time that the construction and information and communications businesses fell below plan.