Deteriorating profitability of the U.S. coating systems business project
First written in FY2017. 11 of 17 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3MitigatedAnnual report
「The segment profit (ordinary profit) was ¥855 million, compared with a segment loss of ¥1,253 million in the same period of the previous year.」
The painting systems business turned from a segment loss of ¥1,253 million in the same period of the previous year to segment profit of ¥855 million. Losses related to deteriorating project profitability have improved in absolute terms. - FY2024-Q2MitigatedAnnual report
「The segment profit (ordinary profit) was ¥61 million, compared with a segment loss of ¥1,037 million in the same period of the previous year.」
The painting systems business turned from a segment loss of ¥1,037 million in the same period of the previous year to segment profit of ¥61 million. Losses related to deteriorating project profitability have improved in absolute terms. - FY2024-Q1MitigatedAnnual report
「The segment loss (ordinary loss) was ¥380 million, compared with a segment loss of ¥667 million in the same period of the previous year.」
The painting systems business segment loss narrowed from ¥667 million in the same period of the previous year to ¥380 million. Losses related to deteriorating project profitability have improved in absolute terms, but losses remain. - FY2022-Q3MitigatedAnnual report
「The segment loss (ordinary loss) was ¥31 million, compared with a segment loss (ordinary loss) of ¥1,473 million in the same period of the previous year.」
The painting systems business segment loss narrowed substantially from ¥1,473 million in the same period of the previous year to ¥31 million, indicating an improvement in losses related to deteriorating profitability in North American projects and elsewhere. - FY2022-Q2MitigatedAnnual report
「The segment loss (ordinary loss) was ¥409 million, compared with a segment loss (ordinary loss) of ¥1,056 million in the same period of the previous year.」
The painting systems business segment loss narrowed from ¥1,056 million in the same period of the previous year to ¥409 million. Although losses remain, losses related to deteriorating profitability in North American projects and elsewhere have improved in absolute terms. - FY2022-Q1MitigatedAnnual report
「The segment profit (ordinary profit) was ¥307 million, compared with a segment loss (ordinary loss) of ¥871 million in the same period of the previous year.」
The painting systems business turned from segment loss in the same period of the previous year to segment profit of ¥307 million, indicating an improvement in losses related to deteriorating project profitability in North America. - FY2020MitigatedAnnual report
「The impact of deteriorating profitability in a North American project in the second quarter of the previous fiscal year was eliminated, resulting in ¥2,814 million, an increase of ¥1,137 million year on year.」
The impact of deteriorating profitability in the North American project was eliminated, and the painting systems business recorded segment profit of ¥2,814 million. - FY2020-Q3MitigatedAnnual report
「The segment profit (ordinary profit) was ¥1,391 million, compared with a segment loss (ordinary loss) of ¥742 million in the same period of the previous year, as the impact of deteriorating profitability in a North American project during the second quarter of the previous fiscal year was eliminated.」
The impact of deteriorating profitability in the North American project during the same period of the previous year was eliminated, and the painting systems business recorded segment profit of ¥1,391 million. - FY2020-Q2MitigatedAnnual report
「The segment profit (ordinary profit) was ¥528 million, an increase of ¥3,363 million year on year, as the impact of deteriorating profitability in a North American project in the same period of the previous year was eliminated.」
The impact of deteriorating profitability in the North American project during the same period of the previous year was eliminated, and the painting systems business recorded segment profit of ¥528 million. - FY2020-Q1MitigatedAnnual report
「The segment loss (ordinary loss) was ¥290 million, a decrease of ¥159 million in the loss year on year.」
The painting systems business segment loss narrowed from ¥449 million in the same period of the previous year to ¥290 million. Losses related to the risk of deteriorating profitability in North American projects declined in absolute terms. - FY2019-Q3WorsenedAnnual report
「The segment loss (ordinary loss) was ¥742 million, an increase of ¥197 million in the loss year on year, due to deteriorating profitability recognized in the second-quarter consolidated results for a North American project different from the one in the same period of the previous year.」
The impact of deteriorating profitability recognized in another North American project continued, and the painting systems business segment loss increased by ¥197 million year on year to ¥742 million. - FY2019-Q2WorsenedAnnual report
「In terms of profit, profitability deteriorated in a North American project in the painting systems business that was different from the project in the same period of the previous year.」
Deteriorating profitability in the U.S. and North American painting systems business also occurred in another North American project, and the segment loss widened by ¥1,363 million year on year to ¥2,835 million. - FY2019-Q1MitigatedAnnual report
「The segment loss (ordinary loss) was ¥449 million, a decrease of ¥1,075 million in the loss year on year.」
Losses from deteriorating profitability in the U.S. painting systems business continued, but narrowed from ¥1,524 million in the same period of the previous year to ¥449 million. - FY2018-Q3WorsenedAnnual report
「The segment loss (ordinary loss) was ¥545 million, an increase of ¥414 million in the loss year on year, due mainly to the impact of deteriorating profitability in U.S. projects during the first half.」
The impact of deteriorating profitability in the U.S. painting systems project continued, and the segment loss increased by ¥414 million year on year to ¥545 million. - FY2018-Q2WorsenedAnnual report
「The segment loss (ordinary loss) was ¥1,472 million, an increase of ¥1,115 million in the loss year on year, due mainly to deteriorating profitability in U.S. projects.」
The deterioration in profitability of the U.S. painting systems project continued, and the segment loss increased by ¥1,115 million year on year to ¥1,472 million. - FY2018-Q1WorsenedAnnual report
「The segment loss (ordinary loss) was ¥1,524 million, an increase of ¥1,471 million in the loss year on year, due mainly to deteriorating profitability in U.S. projects.」
The deterioration in profitability of the U.S. painting systems project continued, and the segment loss widened from ¥53 million in the same period of the previous year to ¥1,524 million. - FY2017First statedAnnual report
「Gross profit on completed construction decreased by ¥4,413 million year on year to ¥28,157 million, due mainly to deteriorating profitability in painting systems projects in the United States.」
The company stated that deteriorating profitability in its U.S. painting systems projects had actually emerged as a factor behind the decline in full-year gross profit on completed construction.