Deterioration in SYSKEN Group’s Earnings from Low-Margin Construction Projects
First written in FY2020-Q1. 3 of 7 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2024-Q1.
COMSYS Holdings moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2018: 3 of 13 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2024-Q1MaterialisedAnnual report
「As telecommunications operators reduced capital investment, the SYSKEN Group worked to expand orders from private-sector and government organizations. Orders received were ¥7,935 million (up 11.0% year on year) and net sales were ¥6,354 million (up 11.7% year on year). Although the group worked to improve productivity through greater operating efficiency, it recorded an operating loss of ¥70 million (year-on-year: —).」
In the SYSKEN Group, orders received and net sales increased, but despite efforts to improve operating efficiency, the group recorded an operating loss of ¥70 million, with deterioration in earnings once again reflected in its results. - FY2022-Q3AdvancedAnnual report
「Revenue was ¥21,883 million, up 3.6% year on year, and operating profit was ¥1,208 million, up 51.0%, due to productivity improvements from more efficient construction management, including completion of advanced wireless environment development and disaster recovery projects and the acceleration of schedules for large-scale solar power generation facility construction.」
In the SYSKEN Group, where earnings deterioration caused by low-margin construction projects had been reported previously, operating profit increased due to the completion of high-margin, large-scale projects, accelerated schedules and more efficient construction management. - FY2022-Q1MitigatedAnnual report
「The completion of large-scale electromagnetic induction projects, advanced wireless environment development projects and disaster recovery projects, as well as the acceleration of schedules for large-scale solar power generation facility projects, improved productivity through more efficient construction management. As a result, net sales were ¥7,175 million (up 23.4% year on year) and operating profit was ¥333 million (up 1055.7% year on year).」
In the SYSKEN Group, operating profit rose 1055.7% year on year due to the completion of large-scale projects, accelerated schedules and more efficient construction management, reducing the impact of earnings deterioration caused by low-margin construction projects. - FY2021MitigatedAnnual report
「Amid efforts to secure orders for facility construction projects and other work from telecommunications operators, the SYSKEN Group worked in the Kyushu area to complete advanced wireless environment development projects, large-scale solar power generation facility projects and disaster recovery projects, while improving productivity through more efficient construction management. As a result, orders received were ¥33,897 million (down 1.3% year on year) and net sales were ¥33,473 million (up 5.2% year on year). Operating profit rose to ¥1,982 million (up 54.4% year on year), due to the completion of large-scale projects with high profit margins and substantial cost reductions.」
Despite the deterioration in earnings caused by low-margin construction projects, operating profit increased 54.4% year on year due to the completion of large-scale, high-margin projects and cost reductions. - FY2021-Q3MitigatedAnnual report
「Orders received declined to ¥24,338 million (down 9.0% year on year) due to lower orders for large projects related to social systems and the impact of the COVID-19 pandemic. However, facility construction projects and other work in the NTT-related business progressed steadily, resulting in net sales of ¥21,132 million (up 2.2% year on year). Operating profit was ¥800 million (up 97.2% year on year), reflecting thorough control of operating budgets and cost-cutting measures.」
Although orders received remained down, the SYSKEN Group's operating profit improved substantially through operating budget control and cost-cutting measures, reducing the impact of earnings deterioration caused by low-margin construction projects. - FY2020-Q2MaterialisedAnnual report
「In addition to securing orders for facility construction projects from telecommunications operators, we worked to expand orders for electrical and plumbing work in large buildings, mainly in Kyushu and the Tokyo metropolitan area. However, the presence of low-margin construction projects meant that earnings fell short of expectations. As a result, orders received were ¥17.63 billion (year-on-year: —), net sales were ¥13.72 billion (year-on-year: —), and operating profit was ¥100 million (year-on-year: —).」
The impact of low-margin construction projects continued to be reflected in the SYSKEN Group's earnings, resulting in operating profit of ¥100 million. - FY2020-Q1MaterialisedAnnual report
「In addition to securing orders for facility construction projects from telecommunications operators, we worked to expand orders for electrical and plumbing work in large buildings, mainly in Kyushu and the Tokyo metropolitan area. However, the impact of low-margin construction projects meant that earnings fell short of expectations. As a result, orders received were ¥7.38 billion (year-on-year: —), net sales were ¥5.63 billion (year-on-year: —), and operating loss was ¥40 million (year-on-year: —).」
The impact of low-margin construction projects was reflected in the SYSKEN Group's earnings, resulting in an operating loss of ¥40 million.