Decline in public-sector sales following the loss of large-scale government projects
First written in FY2018-Q2. 12 of 22 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2018: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Public-sector market contract value was ¥5,146 million, up 36.9% from the previous fiscal year, and sales were ¥4,788 million, up 3.3% from the previous fiscal year.」
Despite the slowdown in the public sector caused by the lapse of large projects from government agencies in prior years and the completion of prefectural government security cloud projects, contract value and sales recovered and expanded through the acquisition of GIGA School Phase 2, local-government cybersecurity-strengthening and next-generation administrative DX projects. - FY2024WorsenedAnnual report
「On the other hand, sales were affected by a decline in new project wins following the pullback from a large government-agency project ordered in the previous period and the completion of the prefectural government Security Cloud project. As a result, public-sector market sales were ¥4,637 million, down 1.0% from the previous fiscal year.」
In addition to the reactionary decline following large projects from government agencies in the previous fiscal year, a decline in new project acquisitions became apparent as prefectural government security cloud projects reached completion, causing public-sector sales to fall below the previous year. - FY2024-Q3WorsenedAnnual report
「On the other hand, sales were affected by a decline in new project wins following the pullback from a large government-agency project ordered in the previous period and the completion of the prefectural government Security Cloud project. As a result, public-sector market sales were ¥3,421 million, down 1.7% year on year.」
In addition to the reactionary decline following large projects from government agencies, a decline in new project acquisitions became apparent as prefectural government security cloud projects reached completion, causing sales in the public-sector market to fall below the same period of the previous year. - FY2024-Q2MitigatedAnnual report
「In addition, government agencies acquired large projects, partly because they had already valued our products. As a result, sales in the public-sector market were ¥2,337 million, up 2.2% from the same period of the previous year.」
Despite the decline in public-sector sales due to the lapse of large projects in prior years, sales in the public-sector market increased 2.2% from the same period of the previous year, driven by the acquisition of large projects from government agencies and other factors. - FY2023MitigatedAnnual report
「In the public-sector market, the company focused on recognizing revenue from GIGA School Initiative projects carried over from prior periods and proposing solutions addressing the full-scale strengthening of cybersecurity measures for local governments that began in the current period. As a result, orders from local governments remained strong, and sales of i-FILTER and m-FILTER increased.」
Despite the decline in public-sector sales due to the lapse of large projects in prior years, recovery and expansion continued, driven by the recognition of sales from GIGA School projects and orders from local authorities. - FY2023-Q2MitigatedAnnual report
「Orders from local governments remained strong, and sales of i-FILTER and m-FILTER increased. As a result, public-sector market sales were ¥2,287 million, up 11.5% year on year.」
Although the decline in public-sector sales due to the lapse of large projects in prior years had been an issue, orders from local authorities performed strongly, and sales in the public-sector market increased 11.5% from the same period of the previous year. - FY2023-Q1MitigatedAnnual report
「Orders from government agencies and local governments remained strong, and sales of i-FILTER and m-FILTER increased. As a result, public-sector market sales were ¥1,017 million, up 37.8% year on year.」
Despite the decline in public-sector sales due to the lapse of large projects in prior years, sales in the public-sector market recovered and increased as orders from government agencies and local authorities performed strongly. - FY2022MitigatedAnnual report
「In addition, orders from government agencies and local authorities performed strongly, increasing sales of i-FILTER and m-FILTER. As a result, sales in the public-sector market were ¥4,046 million, or 168.0% of the previous fiscal year.」
Despite the decline in public-sector sales due to the lapse of large projects in prior years, sales in the public-sector market recovered significantly and expanded on the strength of orders from government agencies and local authorities. - FY2022-Q3MitigatedAnnual report
「Orders from government agencies and local governments remained strong, and i-FILTER sales increased. As a result, public-sector market sales were ¥3,026 million, or 186.4% of the same period of the previous year.」
Despite the decline in public-sector sales due to the lapse of large projects in prior years, orders from government agencies and local authorities performed strongly, and sales in the public-sector market recovered and expanded to 186.4% of the year-earlier level. - FY2021MitigatedAnnual report
「In the public-sector market, the company had already achieved strong recognition and market share as a domestic cybersecurity provider. Its track record and reliability were also highly regarded under the GIGA School Initiative, leading to a significant increase in orders for the i-FILTER series.」
For the public-sector market, where the lapse of large orders received in the previous year and the carryover of projects had been issues, orders for i-FILTER under the GIGA School Initiative increased, and full-year sales recovered and expanded to 126.0% of the year-earlier level. - FY2021-Q3MitigatedAnnual report
「As a result, sales in the public-sector market were ¥1,623.527 million, or 109.4% of the year-earlier level.」
For the public-sector market, where the reactionary decline in large orders received in the same period of the previous year had continued, cumulative sales in the first 3 quarters reached 109.4% of the year-earlier level, recovering from the decline. - FY2020WorsenedAnnual report
「On the other hand, in addition to the decline caused by the reaction to large orders that had driven sales in the previous fiscal year, the revision of projects under negotiation, following the inclusion of a ¥231.8 billion supplementary budget proposal approved by the Cabinet in December 2019 for the GIGA School Initiative, means that projects expected to be secured in the current fiscal year are expected to be carried forward to the next fiscal year and beyond.」
The reactionary decline in large orders received in the previous year continued, compounded by revisions to projects associated with the GIGA School Initiative and the expected carryover of projects to the following fiscal year and beyond. - FY2020-Q3RestatedAnnual report
「In the public-sector market, new orders for the core products i-FILTER and m-FILTER progressed to a certain extent in addition to continuing projects from the previous fiscal year. However, due to the reactionary decline in large orders that had driven sales in the same period of the previous year, sales in the public-sector market as a whole declined from the same period of the previous year. As a result, sales in the public-sector market were ¥1,486.191 million, or 89.8% of the year-earlier level.」
Although orders for continuing and new projects progressed, the reactionary decline in large orders received in the same period of the previous year continued, and sales in the public-sector market reached 89.8% of the year-earlier level. - FY2020-Q2WorsenedAnnual report
「In the public-sector market, the company continued to win projects, mainly ongoing projects carried over from the previous consolidated fiscal year, for its core products i-FILTER and m-FILTER. However, public-sector market sales as a whole declined from the same period of the previous year because of a pullback from the large orders that had driven sales in the prior-year period.」
The reactionary decline in large orders received in the same period of the previous year continued, and sales in the public-sector market were ¥970.463 million, or 87.5% of the year-earlier level. - FY2020-Q1WorsenedAnnual report
「In the public-sector market, orders progressed mainly for continuing projects from the previous fiscal year, and sales of the core products i-FILTER and FinalCode performed steadily. However, due to the reactionary decline in large orders that had driven sales in the same period of the previous year, the public-sector market as a whole lagged behind the same period of the previous year. As a result, sales in the public-sector market were ¥383.198 million, or 93.7% of the year-earlier level.」
Although orders for continuing projects and sales of core products progressed, the public-sector market lagged behind due to the reactionary decline in large orders received in the same period of the previous year, with sales reaching 93.7% of the year-earlier level. - FY2019AdvancedAnnual report
「In the public-sector market, we have established strong recognition and market share as a vendor specialising in protection against internal information leakage. This track record and reliability were recognised, driving sales of i-FILTER Ver.10 and m-FILTER Ver.5, which provide advanced security measures, including protection against targeted attacks as well as internal information leakage. Ahead of the corporate market, we were able to strengthen our presence in this market as a comprehensive security solutions vendor. As a result, sales in the public-sector market were ¥2,191.579 million, or 126.5% of the year-earlier level.」
It states that public-sector sales recovered from the decline caused by the lapse of large projects in the previous year, and that the company strengthened its presence as a comprehensive security solutions vendor in the public-sector market through sales of i-FILTER Ver.10 and m-FILTER Ver.5. - FY2019-Q3MitigatedAnnual report
「As a result, public-sector market sales were ¥1,655.124 million, or 132.7% of the same period of the previous year.」
Although the decline in public-sector sales caused by the lapse of large projects and special-demand factors had been an issue, cumulative sales to the public sector in the first 3 quarters reached 132.7% of the year-earlier level, indicating further recovery. - FY2019-Q2MitigatedAnnual report
「As a result, public-sector market sales were ¥1,108.813 million, or 120.2% of the same period of the previous year.」
Although the decline in public-sector sales caused by the lapse of large projects and special-demand factors in the same period of the previous year had been an issue, cumulative sales to the public sector in the first half reached 120.2% of the year-earlier level, recovering from the decline. - FY2019-Q1MitigatedAnnual report
「In the public-sector market, although the same period of the previous year included special demand led by the Ministry of Internal Affairs and Communications for security enhancement, sales of the core products “i-FILTER” and “m-FILTER” remained firm and offset the loss of that special demand.」
Although special demand led by the Ministry of Internal Affairs and Communications in the prior-year period fell away, sales of i-FILTER and m-FILTER offset the impact, and public-sector revenue was 96.2% of the prior-year period. - FY2018WorsenedAnnual report
「In the public-sector market during the previous consolidated fiscal year, the Company secured large government projects and benefited from special demand from local governments. Although revenue from these projects subsequently fell away, the initiatives described above produced steady growth in the corporate market, enabling the Company to secure higher revenue and earnings.」
The loss of large government projects and special demand from local governments continued to weigh on full-year public-sector revenue, but growth in the corporate market enabled the Company as a whole to secure higher revenue and earnings. - FY2018-Q3WorsenedAnnual report
「As a result, public-sector revenue was ¥1,247.392 million, or 81.9% of the prior-year period.」
Public-sector revenue was ¥1,247.392 million, or 81.9% of the prior-year period, down further from 84.2% of the prior-year period reported in the previous quarterly report. - FY2018-Q2First statedAnnual report
「Although project acquisitions remained solid, they were insufficient to offset the loss of large government projects acquired in the prior-year period. As a result, public-sector revenue was ¥922.572 million, or 84.2% of the prior-year period.」
Although acquisitions of public-sector projects themselves remained solid, they did not offset the loss of large government projects from the prior-year period, resulting in public-sector revenue of 84.2% of the prior-year period.