Komori
Systena (2317) · RiskMitigated

Front-Loaded Launch Costs and Operating Losses in the Investment Development Business

First written in FY2017-Q2. 18 of 29 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2024.

29entries
9years
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2018-Q1 – FY2019WorsenedFY2020 – FY2021MitigatedFY2023-Q3 – FY20242016: 12017: 420172018: 420182019: 320192020: 320202021: 420212022: 420222023: 420232024: 22024
Same theme, other companies
Revenue Decline and Shift to an Operating Loss in the Investment Development BusinessA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024MitigatedAnnual report

    「As a result, sales in this business were ¥187 million, down 39.5% year on year, and operating profit was ¥33 million, compared with an operating loss of ¥0 million in the previous fiscal year.」

    Although the investment development business reported lower sales, it moved from an operating loss to operating profit of ¥33 million.
  2. FY2024-Q3MitigatedAnnual report

    「As a result, sales in this business were ¥143 million, down 44.5% year on year, and operating profit was ¥27 million, compared with an operating loss of ¥2 million in the same period of the previous year.」

    Although the investment development business reported lower sales, it moved from an operating loss of ¥2 million in the same period of the previous year to operating profit of ¥27 million.
  3. FY2024-Q2MitigatedAnnual report

    「As a result, sales in this business were ¥94 million, down 47.0% year on year, and operating profit was ¥12 million, compared with an operating loss of ¥19 million in the same period of the previous year.」

    Although the investment development business reported lower sales, it moved from an operating loss of ¥19 million in the same period of the previous year to operating profit of ¥12 million.
  4. FY2024-Q1MitigatedAnnual report

    「As a result, sales in this business were ¥48 million, up 44.9% year on year, and operating profit was ¥2 million, compared with an operating loss of ¥45 million in the same period of the previous year.」

    The investment development business reported higher sales, and moved from an operating loss of ¥45 million in the same period of the previous year to operating profit of ¥2 million.
  5. FY2023MitigatedAnnual report

    「As a result, sales in this business were ¥309 million, up 80.2% year on year, and the operating loss was ¥0 million, compared with an operating loss of ¥72 million in the previous fiscal year.」

    The investment development business reported a substantial increase in sales, and its operating loss narrowed from ¥72 million to ¥0 million.
  6. FY2023-Q3MitigatedAnnual report

    「As a result, sales in this business were ¥258 million, up 92.4% year on year, and the operating loss was ¥2 million, compared with an operating loss of ¥35 million in the same period of the previous year.」

    The investment development business reported higher sales, and its operating loss narrowed from ¥35 million in the same period of the previous year to ¥2 million.
  7. FY2023-Q2WorsenedAnnual report

    「As a result, sales in this business were ¥177 million, up 103.4% year on year, and the operating loss was ¥19 million, compared with an operating loss of ¥15 million in the same period of the previous year.」

    While sales in the investment development business increased substantially, its operating loss widened from ¥15 million in the same period of the previous year to ¥19 million.
  8. FY2023-Q1WorsenedAnnual report

    「As a result, sales in this business were ¥33 million, down 18.4% year on year, and the operating loss was ¥45 million, compared with an operating loss of ¥12 million in the same period of the previous year.」

    The investment development business reported lower sales, and its operating loss widened from ¥12 million in the same period of the previous year to ¥45 million.
  9. FY2022WorsenedAnnual report

    「As a result, sales in this business were ¥171 million, down 3.6% year on year, and the operating loss was ¥72 million, compared with an operating loss of ¥71 million in the previous fiscal year.」

    The investment development business reported lower sales, and its operating loss also widened from ¥71 million in the previous fiscal year to ¥72 million.
  10. FY2022-Q3MitigatedAnnual report

    「As a result, sales in this business were ¥134 million, up 4.0% year on year, and the operating loss was ¥35 million, compared with an operating loss of ¥62 million in the same period of the previous year.」

    Although the investment development business remained loss-making, sales increased and the operating loss narrowed from ¥62 million in the same period of the previous year to ¥35 million.
  11. FY2022-Q2MitigatedAnnual report

    「As a result, sales in this business were ¥87 million, up 0.5% year on year, and the operating loss was ¥15 million, compared with an operating loss of ¥35 million in the same period of the previous year.」

    Although the investment development business remained loss-making, its operating loss narrowed from ¥35 million in the same period of the previous year to ¥15 million.
  12. FY2022-Q1MitigatedAnnual report

    「As a result, sales in this business were ¥40 million, down 10.1% year on year, and the operating loss was ¥12 million, compared with an operating loss of ¥15 million in the same period of the previous year.」

    Although the investment development business reported lower sales, its operating loss narrowed from ¥15 million in the same period of the previous year to ¥12 million.
  13. FY2021WorsenedAnnual report

    「As a result, sales in this business were ¥178 million, down 16.5% year on year, and the operating loss was ¥71 million, compared with an operating loss of ¥33 million in the previous fiscal year.」

    The investment development business reported lower sales, and its operating loss widened from ¥33 million to ¥71 million.
  14. FY2021-Q3WorsenedAnnual report

    「Despite advancing these initiatives, revenue from this business was ¥129 million, down 18.3% year on year, and the operating loss was ¥62 million, compared with an operating loss of ¥21 million in the same period of the previous year.」

    Revenue from the investment and incubation business declined year on year, while the operating loss widened from ¥21 million to ¥62 million.
  15. FY2021-Q2WorsenedAnnual report

    「As a result, revenue from this business was ¥86 million, down 20.4% year on year, and the operating loss was ¥35 million, compared with an operating loss of ¥8 million in the same period of the previous year.」

    Revenue from the investment and incubation business declined 20.4% year on year, while the operating loss widened from ¥8 million to ¥35 million.
  16. FY2020WorsenedAnnual report

    「As a result, revenue from this business was ¥213 million, down 43.4% from the previous fiscal year, and the operating loss was ¥33 million, compared with operating profit of ¥4 million in the previous fiscal year.」

    Revenue from the investment and incubation business declined, and the business swung from operating profit in the previous year to an operating loss.
  17. FY2020-Q3MitigatedAnnual report

    「As a result, revenue from this business was ¥158 million, down 40.8% year on year, and the operating loss was ¥21 million, compared with an operating loss of ¥26 million in the same period of the previous year.」

    Revenue from the investment and incubation business declined year on year, while the operating loss narrowed from ¥26 million in the same period of the previous year to ¥21 million.
  18. FY2020-Q2RestatedAnnual report

    「As a result, revenue from this business was ¥109 million, down 44.1% year on year, and the operating loss was ¥8 million, unchanged from the same period of the previous year.」

    Revenue from the investment and incubation business declined year on year, while the operating loss remained at ¥8 million.
  19. FY2019MitigatedAnnual report

    「As the business remained in the initial investment phase, it generated no revenue, compared with revenue of ¥5 million in the previous fiscal year, and recorded an operating loss of ¥3 million, compared with an operating loss of ¥19 million in the previous fiscal year.」

    Although the investment and incubation business remained in the initial investment phase with zero revenue, the operating loss narrowed from ¥19 million to ¥3 million.
  20. FY2019-Q3MitigatedAnnual report

    「In this business, 株式会社インターネットオブシングス is developing a data-utilization application, the Canbus. smartphone app, for Canbus. customers to enable IT-based management through IoT. We are pursuing the monetization of IoT services using this smartphone app and an IoT network based on LPWA, including LoRa. As the business remains in the investment phase for the next fiscal year, it generated no revenue, compared with revenue of ¥5 million in the same period of the previous year. The operating loss was ¥2 million, compared with an operating loss of ¥18 million in the same period of the previous year.」

    Although the investment phase and zero revenue continued, the operating loss narrowed from ¥18 million in the same period of the previous year to ¥2 million.
  21. FY2019-Q2MitigatedAnnual report

    「In this business, 株式会社インターネットオブシングス is developing a data-utilization application, the Canbus. smartphone app, for Canbus. customers to enable IT-based management through IoT. We are pursuing the monetization of IoT services using this smartphone app and an IoT network based on LPWA, including LoRa. As the business remains in the investment phase for the next fiscal year, it generated no revenue, compared with revenue of ¥4 million in the same period of the previous year. The operating loss was ¥1 million, compared with an operating loss of ¥13 million in the same period of the previous year.」

    Although the investment phase continued, the operating loss narrowed from ¥13 million in the same period of the previous year to ¥1 million.
  22. FY2019-Q1MitigatedAnnual report

    「As a result, this business generated no revenue, compared with revenue of ¥0 million in the same period of the previous year. The operating loss was ¥0 million, compared with an operating loss of ¥9 million in the same period of the previous year.」

    The investment and incubation business generated no revenue, but the operating loss narrowed from ¥9 million in the same period of the previous year to ¥0 million.
  23. FY2018MitigatedAnnual report

    「This business, consisting of 2 subsidiaries established on 1 April 2016, continued to incur costs ahead of revenue, resulting in revenue of ¥5 million, up 133.9% from the previous fiscal year, and an operating loss of ¥19 million, compared with an operating loss of ¥99 million in the previous fiscal year.」

    Although costs and the operating deficit continued, the operating loss narrowed from ¥99 million in the previous fiscal year to ¥19 million.
  24. FY2018-Q3MitigatedAnnual report

    「This business, consisting of 2 subsidiaries established on 1 April 2016, continued to incur costs ahead of revenue, resulting in revenue of ¥5 million, up 302.3% year on year, and an operating loss of ¥18 million, compared with an operating loss of ¥65 million in the same period of the previous year.」

    Although costs and the operating deficit continued, the operating loss narrowed from ¥65 million in the same period of the previous year to ¥18 million.
  25. FY2018-Q2MitigatedAnnual report

    「This business, consisting of 2 subsidiaries established on 1 April last year, continued to incur costs ahead of revenue, resulting in revenue of ¥4 million, up 196.3% year on year, and an operating loss of ¥13 million, compared with an operating loss of ¥36 million in the same period of the previous year.」

    Although costs continued to be incurred ahead of revenue in the investment and incubation business, the operating loss narrowed from ¥36 million in the same period of the previous year to ¥13 million.
  26. FY2018-Q1MitigatedAnnual report

    「This business, consisting of 2 subsidiaries established on 1 April last year, continued to incur costs ahead of revenue, resulting in revenue of ¥0 million, down 52.8% year on year, and an operating loss of ¥9 million, compared with an operating loss of ¥17 million in the same period of the previous year.」

    Costs continued to be incurred ahead of revenue, but the operating loss in the investment and incubation business narrowed from ¥17 million in the same period of the previous year to ¥9 million.
  27. FY2017WorsenedAnnual report

    「This business, consisting of 3 subsidiaries established at the beginning of the fiscal year (株式会社インターネットオブシングス, 株式会社eペット, and 株式会社キャリアリンケージ), incurred start-up costs ahead of revenue, resulting in revenue of ¥2 million and an operating loss of ¥99 million.」

    The investment and incubation business recorded an operating loss of ¥99 million as start-up costs were incurred ahead of revenue.
  28. FY2017-Q3WorsenedAnnual report

    「This business, consisting of 3 subsidiaries established at the beginning of the fiscal year (株式会社インターネットオブシングス, 株式会社eペット, and 株式会社キャリアリンケージ), incurred start-up costs ahead of revenue, resulting in revenue of ¥1 million and an operating loss of ¥65 million.」

    The operating loss in the investment and incubation business increased from ¥36 million in the second quarter to ¥65 million.
  29. FY2017-Q2First statedAnnual report

    「As costs for launching the business were incurred ahead of revenue, revenue was ¥1 million and the operating loss was ¥36 million.」

    Start-up costs for the investment and incubation business conducted by 3 newly established subsidiaries were incurred ahead of revenue, resulting in an operating loss of ¥36 million against revenue of ¥1 million.
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"Becoming loss-making due to weak game title sales and release delays" moved the same way as this thread, in the same document, in 21 of its 29 moves.

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  1. ★This thread
  2. 1Becoming loss-making due to weak game title sales and release delays21×
  3. 2Overseas Business Investment Phase and Operating Losses17×
  4. 3Long-term focus on autonomous driving and telematics15×
  5. 4Replacement of business systems and capture of demand arising from legal and regulatory changes14×
  6. 5Streamlining Existing Game Titles and Allocating Resources to New Releases13×
  7. 6First-quarter revenue and profit growth12×

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