Loss of Expected Revenues from the CRM Program and Discontinuation of Development
First written in FY2017-Q2. 2 of 3 entries say "Reframed", first in FY2017-Q3. Latest entry: FY2017.
ValueCommerce moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 21 of 48 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2017ReframedAnnual report
「During the current consolidated fiscal year, the Company decided to withdraw from the advertising business (including the ad network service) and the CRM business (the R∞ service) following a review of its business strategy.」
The description has changed from the loss of projected revenue and discontinuation of development for an individual CRM program to a broader strategic change, namely the decision to withdraw from part of the CRM business, including the R∞ service as a whole. - FY2017-Q3ReframedAnnual report
「This was mainly due to the recognition of impairment losses on the advertising business’s ad network service “ADPRESSO” and the CRM business’s marketing automation service “R∞,” among other factors, following a review of the business strategy aimed at developing and strengthening the services.」
The description has changed from the previous explanation of the loss of projected revenue and discontinuation of development for a specific program to a broader disclosure of a ¥300.417 million impairment loss on CRM business assets accompanying a review of the business strategy. - FY2017-Q2MaterialisedAnnual report
「In the CRM business, we decided to discontinue development of a program that was no longer expected to generate the revenue originally anticipated and recognized the resulting reduction in the asset group as an impairment loss of ¥25,832 thousand.」
Development of a CRM program was discontinued after its expected revenue became unattainable, resulting in an impairment loss of ¥25,832 thousand.