Decline in Orders from Existing Customers
First written in FY2017-Q1. 9 of 14 entries say "Restated". Latest entry: FY2022.
Quantum Solutions moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 17 of 97 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「In the system solutions business, order intake declined 83.0% and the order backlog declined 79.0% because orders were reduced during the consolidated fiscal year in order to concentrate management resources on the EV business.」
Order intake in the system solutions business declined 83.0% and the order backlog declined 79.0%. The decline in existing orders has been quantified specifically as a reduction in orders accompanying the concentration of management resources on the EV business. - FY2021WorsenedAnnual report
「Sales in the system solutions business declined 81.2% year on year because, during the consolidated fiscal year, we were unable to secure new projects or new orders while existing revenue declined.」
In addition to the decline in existing revenue, the inability to secure new projects and new orders caused sales in the system solutions business to decline 81.2% year on year. - FY2020WorsenedAnnual report
「In the system solutions business, this was because we were unable to secure new projects or new orders while existing revenue declined.」
Due to lost new projects and a decrease in orders from existing customers, order intake declined 62.3% to ¥74,449 thousand and the order backlog declined 97.3% to ¥2,116 thousand, quantifying the decrease in orders. - FY2019RestatedAnnual report
「Revenue from external customers in contract development declined due to lost new projects, a decrease in orders from existing customers and other factors.」
The decrease in orders from existing customers is cited again, together with lost new projects, as a factor behind lower revenue from external customers in the system solutions business. - FY2019-Q3RestatedAnnual report
「Revenue from external customers in contract development declined due to lost new projects, a decrease in orders from existing customers and other factors.」
The decrease in orders from existing customers is cited again, together with lost new projects, as a factor behind lower revenue from external customers in the system solutions business. - FY2019-Q2RestatedAnnual report
「In this business, intersegment revenue increased because we developed a cryptocurrency exchange system used in the Group's fintech business, but revenue from external customers declined in contract development due to lost new projects and a decrease in orders from existing customers.」
The decrease in orders from existing customers continues to be cited as a factor behind lower revenue from external customers, with lost new projects added as another factor behind the decline. - FY2018RestatedAnnual report
「In contracted system development projects, we worked to secure and expand development resources and focused on increasing orders for high-margin projects, but revenue declined due to a decrease in orders from existing customers and a concentration of small-scale projects.」
The decline in orders from existing customers is cited again, together with the concentration of small-scale projects, as a factor behind lower revenue from contract development. - FY2018-Q3RestatedAnnual report
「Sales declined because orders from existing customers decreased and small projects became concentrated.」
The decrease in orders from existing customers and the concentration of small-scale projects are cited again as factors behind lower revenue in the system solutions business. - FY2018-Q2ReframedAnnual report
「In this business, revenue has been trending upward as we focused on marketing smartphone applications, but revenue from contract development declined due to a shift in the timing of customer acceptance.」
The explanation for the decline in contract-development revenue has changed from the previous reference to fewer orders from existing customers to a shift in the timing of customer acceptance as the factor in the current quarter. - FY2018-Q1RestatedAnnual report
「Revenue from contract development declined due to a decrease in orders from existing customers.」
The decline in orders from existing customers continues to be cited as a factor behind lower revenue from contract development. - FY2017RestatedAnnual report
「In contract projects, revenue has been trending downward in line with the decrease in orders.」
The decline in orders for contract projects continues to be cited as a factor behind lower revenue in the system solutions business. - FY2017-Q3RestatedAnnual report
「In contracted system development projects, we worked to secure and expand development resources and focused on increasing orders for high-margin projects, but revenue declined due to a decrease in orders from existing customers and a concentration of small-scale projects.」
The decline in orders from existing customers continues to be cited as a factor behind the revenue decline. A concentration of small-scale projects is also identified. - FY2017-Q2RestatedAnnual report
「In addition to the decline in orders from existing customers, the increase in the provision for allowance for doubtful accounts also contributed.」
The decline in orders from existing customers continues to be cited. In addition, the increase in the provision for doubtful accounts is identified as a performance factor. - FY2017-Q1MaterialisedAnnual report
「Although we also pursued new customer development in contract development, sales declined because the number of orders from existing customers fell.」
The decline in orders from existing customers has translated into lower sales in the System Solutions business. No numerical rate of decline in orders is provided.