Withdrawal from part of the video production business and fundamental business restructuring
First written in FY2017-Q4. 4 of 6 entries say "Restated". Latest entry: FY2019-Q2.
No other company in this theme has enough history to compare yet.
- FY2019-Q2RestatedAnnual report
「During the first quarter of the current fiscal year, the Company worked to increase awareness and foster the worldview of each IP through the continuation of TV and web series, and released the theatrical film 「若おかみは小学生！」 as a new film production. The film was selected for the Annecy International Animation Film Festival and won the Jury Award and Audience Award in the feature film category at the Bucheon International Animation Festival. Although net sales declined because fewer deliveries were made, profit increased from the same period of the previous fiscal year because many of the deliveries had high profit margins.」
The disclosure states that although the number of video content deliveries declined, profit increased year on year because deliveries had high profit margins. - FY2018RestatedAnnual report
「Although the business structure reforms implemented in the previous fiscal year resulted in the video production business becoming profitable, net sales and profit declined from the same period of the previous fiscal year because projects were narrowed down as part of a strategic review of the video production business and some low-profitability projects contracted in or before the previous fiscal year were delivered.」
The disclosure continues to explain the return to profitability following the business structure reforms and the narrowing of projects in the video production business. - FY2018-Q4RestatedAnnual report
「Although the business structure reforms implemented in the previous fiscal year resulted in the video production business becoming profitable, net sales and profit declined from the same period of the previous fiscal year because projects were narrowed down as part of a strategic review of the video production business and some low-profitability projects contracted in or before the previous fiscal year were delivered.」
The disclosure continues to describe the return to profitability following the business structure reforms and the strategic narrowing of projects in the video production business. - FY2018-Q3RestatedAnnual report
「Although the business structure reforms implemented in the previous fiscal year resulted in the video production business becoming profitable, net sales and profit declined from the same period of the previous fiscal year because projects were narrowed down as part of a strategic review of the video production business and some low-profitability projects contracted in or before the previous fiscal year were delivered.」
The disclosure continues to describe the return to profitability following the business structure reforms and the strategic narrowing of projects in the video production business. - FY2018-Q2AdvancedAnnual report
「Although the business structure reforms implemented in the previous fiscal year resulted in the video production business becoming profitable, net sales and profit declined from the same period of the previous fiscal year because projects were narrowed down as part of a strategic review of the video production business and some low-profitability projects contracted in or before the previous fiscal year were delivered.」
While the video production business became profitable following the business structure reforms implemented in the previous fiscal year, strategic project selection and delivery of low-profitability projects have continued. - FY2017-Q4First statedAnnual report
「The Company determined that fundamental restructuring of its business structure was necessary in light of the situation and recorded extraordinary losses, including costs for improving the business structure, impairment losses and valuation losses on shares of affiliated companies.」
The Company determined that fundamental restructuring of its business structure, including withdrawal from part of the video production business, was necessary and recorded related losses.