Establishing Standalone Profitability for the Environmental Business
First written in FY2017-Q2. 6 of 14 entries say "Restated". Latest entry: FY2020.
Kitabo moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「The company’s business segments are divided into two businesses: spinning and textiles.」
The previous goal of establishing and achieving standalone profitability in the environmental business is not stated in this filing. - FY2020-Q3WorsenedAnnual report
「Profit (loss) for the “Other” segment △¥1.303 million Elimination of intersegment transactions — Corporate expenses (Note) △¥56.426 million Operating loss (△) in the quarterly income statement △¥34.463 million」
The “Other” segment, which includes the environmental business, reported a loss of ¥1.303 million and did not achieve standalone profitability. - FY2020-Q2WorsenedAnnual report
「Profit (loss) for the “Other” segment △¥950 thousand Elimination of intersegment transactions — Corporate expenses (Note) △¥38.097 million Operating loss (△) in the quarterly income statement △¥19.988 million」
The “Other” segment, which includes the environmental business, reported a loss of ¥950 thousand, widening from ¥772 thousand in the same period of the previous year. - FY2019WorsenedAnnual report
「As a result, the environmental business reported revenue of ¥281 thousand for the fiscal year. Due to an inventory valuation loss of ¥2.079 million on products, it recorded an operating loss of ¥2.913 million, compared with an operating loss of ¥1.756 million in the previous fiscal year.」
Revenue in the environmental business fell 84.7%, and the operating loss widened from ¥1.756 million in the previous fiscal year to ¥2.913 million, representing a setback from the goal of establishing standalone profitability. - FY2019-Q3Loss narrowed, but profitability was not achievedAnnual report
「As a result, the environmental business reported revenue of ¥238 thousand, up 80.3% year on year, and an operating loss of ¥469 thousand for the cumulative third-quarter period, compared with an operating loss of ¥1.798 million in the same period of the previous year.」
Revenue in the environmental business increased 80.3% year on year, while the operating loss narrowed from ¥1.798 million to ¥469 thousand, but the business did not achieve standalone profitability. - FY2019-Q2Deficit continued after termination of the distributor agreement; shifted to product development based on joint researchAnnual report
「As a result, the environmental business reported revenue of ¥94 thousand, up 6.8% year on year, and an operating loss of ¥772 thousand for the cumulative second-quarter period, compared with an operating loss of ¥1.827 million in the same period of the previous year.」
The environmental business narrowed its operating loss from the previous year, but remained unprofitable, with revenue of ¥94 thousand and an operating loss of ¥772 thousand. After termination of the distributor agreement, the approach shifted toward product development based on joint research. - FY2019-Q1WorsenedAnnual report
「Since the previous fiscal year, we had switched our sales strategy to distributor sales and continued sales activities with Asahi Eito Co., Ltd. as our core distributor, but this did not lead to meaningful sales, and we terminated the core distributor agreement in June 2018. Going forward, we are being forced to restructure the business as a whole, beginning with a review of how our core Column product is handled.」
Distributor sales aimed at establishing standalone profitability in the environmental business failed to generate sales, so the primary distributor agreement was terminated and the entire business needed to be restructured. In the quarter, the environmental business had revenue of ¥43 thousand and an operating loss of ¥422 thousand. - FY2018RestatedAnnual report
「In the environmental business, we will continue joint research with the Japan Advanced Institute of Science and Technology, develop applications for the specialty powder and work to return the business to profitability.」
The goal of achieving standalone profitability in the environmental business remains in place. However, the business recorded an operating loss of ¥1.756 million in the fiscal year. - FY2018-Q3RestatedAnnual report
「In the environmental business, which focuses on “Column” (polyethylene containing a special powder), we changed our policy from the current fiscal year to entrusting sales to distributors and entered into a core distributor agreement with Asahi Eito Co., Ltd. However, no sales results emerged, and the company was unable to recognize any meaningful sales.」
Regarding the goal of establishing standalone profitability in the environmental business, firm sales had not been achieved even after the distributor agreement was signed, resulting in an operating loss of ¥1.798 million for the cumulative quarter. - FY2018-Q2RestatedAnnual report
「At the start of the current fiscal year, we switched to a policy of entrusting sales to distributors and signed a primary distributor agreement with Asahi Eito Co., Ltd. in June this year, but no results were recorded during the cumulative second-quarter period.」
The goal of establishing standalone profitability in the environmental business remains in place, but no results were recorded during the cumulative period, resulting in an operating loss of ¥1.827 million. - FY2018-Q1RestatedAnnual report
「Going forward, we will seek to expand the business through sales by distributors familiar with this industry.」
No change has been indicated in the goal of establishing standalone profitability in the environmental business. The business continued to report an operating loss of ¥1.149 million in the quarter and remains at the stage of expanding its operations through distributor sales. - FY2017RestatedAnnual report
「We will work to ensure that the environmental business generates a standalone profit.」
The goal of establishing standalone profitability in the environmental business remains in place, while an operating loss of ¥5.933 million was recorded for the fiscal year. - FY2017-Q3RestatedAnnual report
「We will work to ensure that the environmental business generates a standalone profit.」
The goal of establishing standalone profitability in the environmental business remains in place, but the business recorded an operating loss of ¥5.297 million in the third quarter. - FY2017-Q2First statedAnnual report
「We will work to ensure that the environmental business generates a standalone profit.」
For the first time, the Company explicitly stated its goal of establishing standalone profitability in the environmental business to eliminate material doubt about the going concern assumption.