Special Demand from the Migration to Specified Radio Microphone Frequencies Peaks

「Ordinary profit increased with higher operating profit, despite the decline from the year-earlier quarter in gains on donations of fixed assets, consisting of new specified radio microphone equipment provided by the 700MHz Utilization Promotion Association pursuant to the amendment to the Radio Act, and the impact of foreign exchange losses and other factors.」

「Ordinary profit increased as a result of higher operating profit, although gains on donations of fixed assets, consisting of new specified radio microphone equipment provided by the 700MHz Utilization Promotion Association pursuant to the amendment to the Radio Act, declined from the previous consolidated fiscal year.」

「The audio equipment sales and installation business benefited from large-scale projects, led by the broadcasting station market, and revenue reached a record high for a cumulative third quarter. However, profit fell below the year-earlier quarter, mainly because of the significant impact of lower sales of specified radio microphones related to the amendment to the Radio Act.」

「The audio equipment sales and installation business benefited from large-scale projects, led by the broadcasting station market, and revenue reached a record high for a cumulative second quarter. However, profit fell below the year-earlier quarter, mainly because of the significant impact of lower sales of specified radio microphones related to the amendment to the Radio Act.」

「The audio equipment sales and installation business benefited from large-scale projects, led by the broadcasting station market, and revenue exceeded the year-earlier quarter. However, it struggled because the end of sales of specified radio microphones related to the amendment to the Radio Act had a significant impact on profit, while higher construction costs on certain large-scale installation projects reduced profit margins.」

「However, as 99% of the contracts for the frequency migration of specified radio microphones required by the amendment to the Radio Act were already complete and the special demand had peaked, revenue fell short of the year-earlier period.」

「During the cumulative third quarter of the fiscal year, ヒビノアークス株式会社, which became a consolidated subsidiary in the third quarter of the fiscal year ending March 2017, contributed to results. However, revenue was at the same level as in the year-earlier quarter due to the fading of special demand accompanying the frequency migration of specified radio microphones, the concentration of large-scale projects in the fourth quarter, project delivery delays and other factors.」

「The audio equipment sales and installation business posted lower revenue and profit due to the end of the special demand accompanying the frequency migration of specified radio microphones, as well as delays in the progress of certain large-scale installation projects.」

「However, as 99% of the contracts for the frequency migration of specified radio microphones required by the amendment to the Radio Act were already complete and the special demand had peaked, revenue fell short of the year-earlier period.」

「The impact of the special demand for the frequency migration of specified radio microphones reaching its peak was significant, with 98% of the contracts already complete, and revenue fell short of the year-earlier quarter.」

「With 95% of contracts for the frequency migration of specified radio microphones required by the amendment to the Radio Act already complete and special demand with a significant earnings contribution reaching its peak, revenue exceeded the year-earlier quarter due to contributions from a newly consolidated subsidiary, the acquisition of large-scale construction and sales projects, and strong activity in the concert and events market.」

「Contracts for the frequency migration of specified radio microphones required by the amendment to the Radio Act are already 90% complete, and the special demand that had continued since fiscal 2014 has peaked.」