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Cmc (2185) · FactSystem Development posted higher profit despite lower revenue

Growth in Logistics-Related Projects and Decline in Profit

First written in FY2016-Q3. 2 of 20 entries say "Restated". Latest entry: FY2021.

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ProgressHeldSoftenedWorseOtherFY2016-Q3 – FY2017-Q3OtherFY2018-Q2 – FY20212016: 220162017: 320172018: 320182019: 420192020: 420202021: 42021
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Revenue and Profit Growth and Productivity Improvement in the System Development BusinessA theme 6 companies write about · 2 as a headwind · 3 as a tailwind

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  1. FY2021System Development posted higher profit despite lower revenueAnnual report

    「Revenue declined due to the transfer of projects within the Group, but operating profit increased as cost-cutting measures, including the reorganization of offices, reduced expenses.」

    The System Development business posted revenue of ¥1,777 million, down 6.0%, while operating profit was ¥201 million, up 3.4%.
  2. FY2021-Q3Lower revenue and profit due to a temporary decline in logistics-related system projectsAnnual report

    「Revenue ¥1,269 million ¥89 million decrease 6.6% decrease Temporary decline in logistics-related system projects. Operating profit ¥131 million ¥6 million decrease 4.4% decrease」

    Revenue in the System Development business declined 6.6% and operating profit declined 4.4% due to a temporary decline in logistics-related system projects.
  3. FY2021-Q2Lower revenue and profit due to a temporary decline in logistics system projectsAnnual report

    「Revenue ¥933 million ¥83 million decrease 8.2% decrease ・Temporary decline in logistics system projects. Operating profit ¥121 million ¥7 million decrease 6.0% decrease」

    Revenue and operating profit in the System Development business fell below the previous year's levels due to a temporary decline in logistics system projects.
  4. FY2021-Q1Lower revenue and profit due to fewer hardware sales projects and more low-margin projectsAnnual report

    「Revenue declined due to fewer hardware and peripheral equipment sales projects, while operating profit declined due to an increase in low-margin projects.」

    Revenue and operating profit in the System Development business fell below the previous year's levels due to fewer hardware and peripheral equipment sales projects and an increase in low-margin projects.
  5. FY2020System Development posted full-year declines in revenue and profit due to the demand reversal and delayed system investmentAnnual report

    「Revenue ¥1,890 million ¥451 million decrease 19.3% decrease ・Decline following the demand surge in the fourth quarter of the previous fiscal year. ・Decrease in orders due to delays in and reviews of major customers' system investments following the spread of COVID-19. Operating profit ¥194 million ¥5 million decrease 2.7% decrease」

    The System Development business posted lower revenue and profit due to the reversal of the previous year's demand surge and delays in and reviews of major customers' system investments caused by COVID-19.
  6. FY2020-Q3System Development posted lower revenue and profit due to the cancellation of a large projectAnnual report

    「Revenue ¥1,358 million ¥245 million decrease 15.3% decrease Decline due to the cancellation of an anticipated large project. Operating profit ¥137 million ¥10 million decrease 7.1% decrease」

    Revenue and operating profit in the System Development business fell below the previous year's levels due to the cancellation of an anticipated large project.
  7. FY2020-Q2System Development posted higher operating profit despite lower revenueAnnual report

    「Revenue ¥1,016 million ¥141 million decrease 12.2% decrease ・Decline following the demand surge in the fourth quarter of the previous fiscal year. ・Decrease in orders due to delays in and reviews of major customers' system investments following the spread of COVID-19. Operating profit ¥129 million ¥1 million increase 0.8% increase」

    The System Development business saw revenue decline following the previous year's demand surge, while operating profit edged up as an organizational change reduced SG&A expenses.
  8. FY2020-Q1Higher revenue and profit on growth in projects for manufacturers and educational institutions and lower SG&A expensesAnnual report

    「Revenue ¥426 million ¥33 million increase 8.4% increase ・Increase in system development projects for manufacturers and educational institutions in Japan. ・Reduction in SG&A expenses following an organizational change. Operating profit ¥47 million ¥34 million increase 269.7% increase」

    Revenue and operating profit in the System Development business both exceeded the previous year's levels due to an increase in projects for manufacturers and educational institutions and lower SG&A expenses following an organizational change.
  9. FY2019Acceleration in System Development's revenue and profit growthAnnual report

    「Revenue ¥2,342 million ¥353 million increase 17.7% increase Operating profit ¥200 million ¥86 million increase 75.8% increase」

    Full-year revenue and operating profit increased significantly due to growth in system development projects for government agencies and logistics-related projects in Japan and overseas.
  10. FY2019-Q3Acceleration in System Development's revenue and profit growthAnnual report

    「[System Development business]: Provides a range of services supporting customers' ICT strategies Revenue: ¥1,604 million (up ¥256 million year on year, or 19.0%) Operating profit: ¥148 million (up ¥85 million year on year, or 134.6%) Reason: ・Increase in system development projects for government agencies in Japan. ・Increase in logistics-related system development projects in Japan and overseas.」

    Revenue increased 19.0% and operating profit increased 134.6% on growth in system development projects for government agencies and logistics-related projects in Japan and overseas.
  11. FY2019-Q2Acceleration in System Development's revenue and profit growthAnnual report

    「[System Development business]: Provides a range of services supporting customers' ICT strategies Revenue: ¥1,158 million (up ¥154 million year on year, or 15.4%) Operating profit: ¥128 million (up ¥57 million year on year, or 81.5%) Reason: ・Increase in system development projects for government agencies in Japan. ・Increase in logistics-related system development projects in Japan and overseas.」

    Revenue and operating profit increased in the System Development business due to growth in system development projects for government agencies and logistics-related projects in Japan and overseas.
  12. FY2019-Q1System Development continues to post higher revenue and profit, with operating profit growth acceleratingAnnual report

    「[System Development business]: Provides a range of services supporting customers' ICT strategies Revenue: ¥393 million (up ¥1 million year on year, or 0.3%) Operating profit: ¥12 million (up ¥4 million year on year, or 62.7%) Reason: ・Increase in logistics-related system development projects in Japan and overseas.」

    Revenue and operating profit in the System Development business both exceeded the previous year's levels due to an increase in logistics-related system development projects. The operating profit growth rate accelerated from the previous first quarter.
  13. FY2018-Q3RestatedAnnual report

    「[System Development business]: Provides a range of services supporting customers' ICT strategies Revenue: ¥1,347 million (up ¥34 million year on year, or 2.6%) Operating profit: ¥63 million (up ¥21 million year on year, or 52.4%) Reason: Increase in contracted software development projects for material handling systems」

    Revenue and operating profit in the System Development business have continued to exceed the previous year's levels, driven by an increase in contracted software development projects for material handling systems.
  14. FY2018-Q2Higher revenue and operating profit on growth in material handling system development and maintenance projectsAnnual report

    「[System Development business]: Provides a range of services supporting customers' ICT strategies Revenue: ¥1,003 million (up ¥37 million year on year, or 3.9%) Operating profit: ¥70 million (up ¥21 million year on year, or 43.5%) Reason: Increase in contracted software development and system maintenance projects for material handling systems」

    Revenue and operating profit in the System Development business both exceeded the previous year's levels due to an increase in contracted software development and system maintenance projects for material handling systems.
  15. FY2018-Q1AdvancedAnnual report

    「[System Development business]: Provides a range of services supporting customers' ICT strategies Revenue: ¥391 million (up ¥70 million year on year, or 22.0%) Operating profit: ¥7 million (compared with an operating loss of ¥24 million in the same period of the previous year) Reason: Increase in contracted software development and system maintenance projects for material handling systems」

    The System Development business returned to profitability, moving from an operating loss of ¥24 million in the same period of the previous year to operating profit of ¥7 million, driven by an increase in contracted development and maintenance projects for material handling systems.
  16. FY2017-Q3Revenue and operating profit both increased on growth in energy-related projectsAnnual report

    「The System Development business benefited from an increase in contracted software development projects in the energy-related field. Revenue was ¥1,313 million, up ¥84 million, or 6.9%, year on year. Operating profit was ¥41 million, up ¥6 million, or 19.8%.」

    Revenue and operating profit in the System Development business both exceeded the previous year's levels, driven by an increase in contracted development projects in the energy-related field.
  17. FY2017-Q2More information and communications and food-related projects, but lower operating profitAnnual report

    「The System Development business, whose core activity is contracted software development, benefited from an increase in information and communications-related and food-related projects. Revenue was ¥966 million, up ¥33 million, or 3.6%, year on year. Operating profit was ¥49 million, down ¥13 million, or 21.1%.」

    Revenue increased on growth in projects in the System Development business, while operating profit declined 21.1% year on year.
  18. FY2017-Q1Operating loss widenedAnnual report

    「The System Development business, whose core activity is contracted software development, benefited from an increase in projects ordered by major customers. Revenue was ¥321 million, up ¥5 million, or 1.9%, year on year. Operating loss was ¥24 million, compared with an operating loss of ¥4 million in the same period of the previous year.」

    Revenue increased on growth in orders, but the operating loss widened from ¥4 million to ¥24 million year on year.
  19. FY2016RestatedAnnual report

    「The System Development business, whose core activity is contracted software development, benefited from an increase in logistics-related and public-sector projects. Revenue was ¥1,779 million, up ¥10 million, or 0.6%, year on year. Operating profit was ¥70 million, down ¥30 million, or 30.6%.」

    Projects increased in both the logistics-related and public sectors, resulting in a slight increase in revenue, while operating profit declined.
  20. FY2016-Q3First statedAnnual report

    「The System Development business, whose core activity is contracted software development, benefited from an increase in logistics-related projects. Revenue was ¥1,229 million, up ¥38 million, or 3.2%, year on year. Operating profit was ¥34 million, down ¥24 million, or 41.1%.」

    Revenue increased on growth in logistics-related projects, while operating profit declined from the previous year.
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Growth in Logistics-Related Projects and Decline in Profit | CMC CORPORATION (2185) | Komori