Decrease in revenue for the fiscal year ended July 2020 due to completion of projects on hand and preparations for new projects
First written in FY2019. 2 of 16 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2Continued response to the concentration of existing project completionsAnnual report
「Against this backdrop, the Group's core construction business focused on further reducing construction costs and shortening construction periods to increase gross profit on completed construction contracts. It also pursued new orders for water supply and sewerage works commissioned by the Tokyo Metropolitan Government to offset the decline in construction volume resulting from the concentration of project completions in the consolidated fiscal year. In the construction business, order intake was ¥2,498.020 million, down 20.6% year on year, net sales were ¥1,959.716 million, up 5.0%, and segment profit (operating profit) was ¥227.890 million, up 63.3%.」
The company continues its response of securing new water supply and sewerage projects ordered by the Tokyo Metropolitan Government to compensate for the anticipated decline in construction volume resulting from the concentration of existing project completions during the current consolidated fiscal year. Orders received declined, while net sales and segment profit increased. - FY2023Full-year decline in orders, but increases in net sales and profitAnnual report
「In the construction business, orders received were ¥3,892 million, down 27.9% year on year; net sales were ¥4,410 million, up 24.3%; and segment profit (operating profit) was ¥244 million, up 62.4%.」
In the construction business, orders received declined, while net sales and segment profit increased, with the decline in orders coexisting with increases in net sales and profit. - FY2023-Q3Orders decline, but net sales and profit increaseAnnual report
「In the construction business, orders received were ¥3,578.696 million, down 19.6% year on year; net sales were ¥3,171.540 million, up 23.6%; and segment profit (operating profit) was ¥159.814 million, up 71.1%.」
In the construction business, orders received declined 19.6% year on year, while net sales increased 23.6% and segment profit increased 71.1%, indicating that the decline in orders coexisted with increases in net sales and profit. - FY2023-Q1Orders decline, but net sales increase and the business returns to profitabilityAnnual report
「In the construction business, orders received were ¥399.906 million, down 61.5% year on year; net sales were ¥913.319 million, up 26.8%; and segment profit (operating profit) was ¥72.605 million, compared with a segment loss of ¥11.751 million in the previous-year period.」
Construction business orders received declined 61.5% year on year, while net sales increased 26.8% and the business turned from a segment loss to segment profit of ¥72.605 million. - FY2022-Q3Sharp increase in orders, but declines in net sales and profitAnnual report
「In the construction business, orders received were ¥4,450.652 million, up 211.2% year on year; net sales were ¥2,564.938 million, down 5.5%; and segment profit (operating profit) was ¥93.426 million, down 58.7%.」
In the construction business, orders received increased substantially by 211.2% year on year, while net sales declined 5.5% and segment profit declined 58.7%, indicating that the recovery in orders coexisted with a decline in profit. - FY2022-Q2Orders and net sales increase, but profit continues to declineAnnual report
「Construction business: orders received were ¥2,161.232 million, up 266.3% year on year; net sales were ¥1,615.380 million, up 9.4%; and segment profit (operating profit) was ¥32.100 million, down 58.9%.」
In the construction business, orders received and net sales exceeded the previous-year period, with orders received up 266.3%, while segment profit declined 58.9%. - FY2022-Q1Construction orders and net sales recover, but profit deterioratesAnnual report
「Construction business: orders received were ¥1,038.828 million, up 1,671.5% year on year; net sales were ¥720.055 million, up 6.5%; and segment loss (operating loss) was ¥11.751 million, compared with segment profit of ¥33.467 million in the previous-year period.」
Following the period of restrained construction orders and declining net sales that continued through the previous fiscal year, first-quarter orders received increased 1,671.5% year on year and net sales increased 6.5%. Meanwhile, segment profit turned into an operating loss. - FY2021Continued decline in net sales due to restrained construction ordersAnnual report
「During the current consolidated fiscal year, there was no concentration of existing project completions; rather, the decline resulted from the company restraining orders for new projects.」
Unlike the concentration of existing project completions in the previous fiscal year, orders received in the construction business declined ¥1,629 million, or 70.3% year on year, in the current fiscal year because the company restrained orders for new projects. - FY2021-Q3Continued declines in construction orders, net sales and profitAnnual report
「In the construction business, orders received were ¥1,430.264 million, down 68.7% year on year; net sales were ¥2,714.102 million, down 10.7%; and segment profit (operating profit) was ¥226.427 million, down 34.4%.」
In the construction business, orders received, net sales and segment profit all fell below the previous-year period, confirming a continued decline from the previous quarter. - FY2021-Q2Continued decline in construction business net sales in the second quarterAnnual report
「Construction business: orders received were ¥590.073 million, down 68.2% year on year; net sales were ¥1,475.926 million, down 15.6%; and segment profit (operating profit) was ¥78.096 million, down 73.0%.」
For the cumulative second quarter, construction business orders received declined 68.2% year on year, net sales declined 15.6% and segment profit declined 73.0%. The current text does not directly explain a causal relationship with the completion of existing projects or preparations for new projects described in the previous fiscal year. - FY2021-Q1Continued decline in net sales in the first quarterAnnual report
「As a result, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥955.397 million, down 18.4% year on year.」
Following the previous fiscal year, when net sales declined due to the concentration of existing project completions and the preparation period for new projects, net sales in the first quarter also declined 18.4% year on year. The current text does not directly link the decline to those causes. - FY2020MaterialisedAnnual report
「During the current fiscal year, net sales declined due in part to the concentration of projects involving the necessary preparation work. Net sales for the current consolidated fiscal year declined by ¥788 million, or 13.2%, from the previous consolidated fiscal year to ¥5,187 million.」
The concentration of existing project completions and the preparation period for newly awarded projects resulted in an actual decline in construction volume and net sales, with net sales down 13.2% year on year. - FY2020-Q3MaterialisedAnnual report
「In the construction business, the company continued efforts to reduce construction costs and shorten project execution periods in order to increase gross profit on completed construction contracts. It also focused on securing new water supply and sewerage projects in Tokyo to compensate for the decline in construction volume resulting from the concentration of existing project completions during the current fiscal year.」
The concentration of existing project completions anticipated in the previous fiscal year actually occurred, and the company focused on securing new orders to compensate for the resulting decline in construction volume. Net sales in the construction business were ¥3,038.848 million, down 5.2% year on year. - FY2020-Q2Continued decline in net sales in the second quarterAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥2,375.303 million, down 17.6% year on year.」
Cumulative net sales for the second quarter of the fiscal year ending July 2020 declined 17.6% year on year. The text does not directly explain a causal relationship with the completion of existing projects or the preparation period for new projects. - FY2020-Q1Decline in net sales in the first quarterAnnual report
「As a result, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥1,170.417 million, down 16.1% year on year.」
Net sales in the first quarter of the fiscal year ending July 2020 declined 16.1% year on year. The text does not directly link this decline to the completion of existing projects or the preparation period for new projects. - FY2019First statedAnnual report
「The water supply and sewerage projects ordered by the Tokyo Metropolitan Government, which the company has been executing over an extended period, are expected to account for approximately half of the existing projects completed in the fiscal year ending July 2020. Meanwhile, it is expected to take approximately 6 months of preparation before newly awarded projects become fully operational. Accordingly, net sales for the fiscal year ending July 2020 are expected to decline substantially from the fiscal year ended July 2019, and gross profit on completed construction contracts is also expected to decline in line with the decrease in net sales.」
Approximately half of the existing projects were expected to be completed in the fiscal year ending July 2020, while approximately 6 months would be required before newly awarded projects became fully operational, clearly indicating an expected decline in net sales and gross profit on completed construction contracts for the fiscal year.