Upfront costs associated with preparing to open 4 new farms
First written in FY2021-Q1. 1 of 2 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2021-Q2.
S-Pool moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 7 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2021-Q2MaterialisedAnnual report
「Meanwhile, the opening of the farms was delayed at Nagakute Farm because of delays in administrative procedures caused by the state of emergency. As a result, some equipment sales were pushed back to the third quarter and beyond, but the accumulation of sales at other farms led to a substantial increase in revenue.」
For the farms being prepared for opening, delays in administrative procedures caused by the state of emergency resulted in a delay in the opening of Nagakute Farm, pushing some equipment sales back to the third quarter and beyond. - FY2021-Q1First statedAnnual report
「The employment support services for people with disabilities business reported a decline in earnings because of the substantial upfront cost burden associated with the 4 farms being prepared for opening.」
The company has newly disclosed that upfront costs related to the 4 farms being prepared for opening were incurred and became a factor behind the decline in operating profit in the Business Solutions segment.