Delayed Sales Progress at Major Customers
First written in FY2018-Q1. 4 of 10 entries say "Mitigated", first in FY2019. Latest entry: FY2022-Q3.
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- FY2022-Q3RestatedAnnual report
「For domestic operating companies, project orders remained solid, while measures were also taken to deliver offline research services online and change the research methodology, resulting in solid revenue and profit performance.」
Domestic project orders progressed steadily, online delivery and methodological changes for offline services advanced, and revenue and profit remained solid. - FY2022-Q1MitigatedAnnual report
「For domestic operating companies, project orders remained solid, while orders and implementation of offline services also progressed as the number of people infected with COVID-19 declined, resulting in solid revenue and profit performance.」
Solid progress in domestic project orders, together with progress in orders and implementation of offline services, has reduced the impact of project cancellations and postponements compared with the previous period. - FY2021-Q3MitigatedAnnual report
「For domestic operating companies, a certain level of recovery in project orders, together with strong performance in online delivery of service areas previously conducted mainly offline, including online in-depth interviews and online group interviews, enabled us to secure a certain level of earnings.」
Domestic project orders recovered to a certain extent, and the shift of offline research online also performed well, partially mitigating the impact of project delays and cancellations. However, the Insights business as a whole recorded lower revenue than in the same period of the previous year. - FY2021-Q1MitigatedAnnual report
「The number of projects has gradually recovered as offline research that had been cancelled or postponed to prevent the spread of infection began to resume subject to ensuring safety. However, the number of projects won fell below the previous year, and domestic research business revenue was below the level of the same quarter of the previous year, as customer companies' performance deteriorated due to the spread of the infection and the contraction of economic activity following the declaration of a state of emergency, while the timing of the infection's containment remained uncertain.」
The number of projects has gradually recovered as cancelled or postponed offline research resumed, partially mitigating the impact of restrictions on customer activity, but the number of projects won and revenue remain below the same period of the previous year. - FY2020-Q4WorsenedAnnual report
「Research budgets were reviewed and research projects were cancelled or postponed, mainly because customer companies' business activities were restricted.」
Restrictions on customer companies' activities actually resulted in research budget reviews and project cancellations and postponements, becoming factors behind the downside in domestic research business revenue. - FY2019MitigatedAnnual report
「The result exceeded the same period of the previous year, partly because some of the large projects whose revenue recognition had been delayed through the third quarter of 2019 were recognized.」
Some of the delayed large projects were recognized for the full fiscal year, partially eliminating the impact of delayed revenue recognition in the overseas research business. - FY2020-Q1WorsenedAnnual report
「Although some overseas operating companies continued to perform steadily, they remained below the level of the same quarter of the previous year, owing in part to further delays in recording large projects.」
The delays in recognizing large overseas projects have progressed further, and have emerged as a factor causing overseas business revenue to fall below the same period of the previous year. - FY2019-Q4MaterialisedAnnual report
「The business remained below the level of the same quarter of the previous year, mainly because the recognition of large projects scheduled for the second quarter was delayed.」
Delays in recognizing large overseas projects scheduled for the second quarter have in fact emerged as a factor causing research business revenue to fall below the same period of the previous year. - FY2019-Q3MaterialisedAnnual report
「The research business as a whole remained below the level of the same quarter of the previous year, mainly because large projects scheduled for completion in the first quarter were pushed back to the second quarter.」
Large projects scheduled for completion in the first quarter were pushed back to the second quarter, and this has in fact emerged as a factor behind revenue falling below the same period of the previous year. - FY2018-Q1First statedAnnual report
「At other operating companies, revenue was broadly at the same level as in the same period of the previous year, partly due to the impact of delays in sales progress at major customers.」
Delays in sales progress at major customers have in fact emerged as a factor keeping revenue at other operating companies broadly at the same level as in the same period of the previous year.