Losses recognized due to カンナート's front-loaded service development
First written in FY2019-Q1. 5 of 8 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2024-Q1.
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- FY2024-Q1MitigatedAnnual report
「The delivery of several large EC support projects resulted in a substantial year-on-year increase in consolidated group operating profit.」
The delivery of large projects by カンナート社 indicates an improvement in earnings against the pressure on profit from front-loaded service development, integration and other costs incurred previously. - FY2021MitigatedAnnual report
「Due in part to a substantial increase in revenue from EC support projects at 株式会社カンナート」
Revenue from EC support projects and other sources increased substantially at カンナート社, indicating an improvement in business earnings against the previously cited factor of losses from front-loaded service development and integration costs. - FY2021-Q2MaterialisedAnnual report
「In the EC support business of 株式会社カンナート, a subsidiary of the Company (hereinafter, "カンナート社"), investment to expand into new business areas has been front-loaded.」
At カンナート社, front-loaded investment to expand into new business areas was a factor behind lower profit, and segment profit in the EC marketing business fell below the year-earlier level. - FY2021-Q1MitigatedAnnual report
「株式会社カンナート (hereinafter, “カンナート社”), a company subsidiary primarily promoting the e-commerce support business, recorded sales above the level of the same period of the previous year as a result of an increase in e-commerce support projects and its active efforts in system development.」
At カンナート社, revenue exceeded the year-earlier level because of increased project volume and efforts in system development, and improvement is continuing in response to losses from front-loaded development and integration costs. - FY2020MitigatedAnnual report
「At カンナート社, increased project volume and the Company's active efforts in system development enabled it to achieve its highest revenue and profit since its founding.」
The issue of front-loaded losses from service development and integration costs after the acquisition was followed by record-high revenue and profit since founding, driven by increased project volume and system development. - FY2020-Q2MitigatedAnnual report
「In addition to web production and e-commerce support, カンナート社 has demonstrated strengths in various system development projects. E-commerce support projects have become notably larger, and both sales and profit have performed steadily.」
For カンナート社, the disclosure describes growing project sizes and steady progress in revenue and profit in relation to the risk of losses from front-loaded service development and integration costs after the acquisition. - FY2020-Q1MaterialisedAnnual report
「In addition, with respect to 株式会社カンナート, which was acquired on 4 September 2018 (hereinafter, "カンナート社"), and its subsidiaries, relocation costs were recognized ahead of schedule as their operations were consolidated at the Company's head office.」
Relocation costs associated with consolidating the head offices of カンナート社 and its subsidiaries were recognized ahead of schedule, resulting in integration costs after the acquisition. - FY2019-Q1MaterialisedAnnual report
「Meanwhile, in the business of カンナート社, development costs incurred ahead of the service launch with UFHD社 and the recognition of revenue from commissioned projects are concentrated at the end of the fiscal year. As a result, the first quarter of the current fiscal year recorded an operating loss of ¥19 million on a cumulative consolidated basis.」
カンナート社 actually incurred an operating loss of ¥19 million because development costs for services for UFHD社 were incurred ahead of revenue, while revenue from commissioned projects was concentrated at the fiscal year-end.