Declining Revenue and Profit in the Agency Business
First written in FY2017-Q1. 3 of 7 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1ReframedAnnual report
「From the first quarter of the current consolidated fiscal year, the reported segments were reorganized by integrating the Media business and Agent business into the Human Resources Services business.」
The previous theme of lower revenue and profit in the Agent business alone is no longer disclosed separately following the integration of the reported segments. - FY2018-Q2RestatedAnnual report
「As a result, sales in this segment were ¥1,340 million, up 0.7% year on year, and segment profit was ¥461 million, up 860.5%.」
The Agent business continues to report higher revenue and profit, with sales up 0.7% year on year and segment profit up 860.5%. - FY2018-Q1Reversal to higher revenue and profitAnnual report
「As a result, sales in this segment were ¥887 million, up 22.7% year on year, and segment profit was ¥350 million, up 196.4%.」
The Agent business moved from lower revenue and a segment loss for the previous full fiscal year to higher revenue and profit in the cumulative first quarter. - FY2017WorsenedAnnual report
「As a result, sales in this segment were ¥2,593 million, down 8.7% year on year, and the segment recorded a loss of ¥84 million, compared with segment profit of ¥474 million in the previous year.」
The Agent business continued to report lower revenue and moved from segment profit to a segment loss of ¥84 million. - FY2017-Q3WorsenedAnnual report
「As a result, sales in this segment were ¥1,982 million, down 8.2% year on year, and segment profit was ¥9 million, down 97.4%.」
The Agent business continued to report lower revenue, and the year-on-year decline in segment profit widened from 84.3% to 97.4%. - FY2017-Q2WorsenedAnnual report
「As a result, sales in this segment were ¥1,331 million, down 8.9% year on year, and segment profit was ¥48 million, down 84.3%.」
The Agent business continued to report lower revenue, while the year-on-year decline in segment profit was 84.3%. - FY2017-Q1First statedAnnual report
「However, sales declined partly because the company focused on developing a record-high 352 new graduate employees and prioritized its management resources for the high-growth media business. As a result, sales in this segment were ¥723 million, down 15.2% year on year, and segment profit was ¥118 million, down 60.7%.」
The company reports a decline in revenue and profit in the Agent business, citing the prioritization of management resources for the Media business as one of the factors.