Declines in sales and profit due to delivery of low-margin projects contracted in prior periods
First written in FY2018-Q2. 4 of 5 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2020.
Dle moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 7 of 24 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「For a project involving the production of video content that the Company had been working on with the relevant parties since before the previous consolidated fiscal year, including considering how the content would be released, an inventory write-down was recognized, resulting in a loss.」
An inventory write-down was recognized for a video content project originating in prior years, and the effects of low-margin projects and collection risks were reflected in earnings. - FY2018MaterialisedAnnual report
「Although a large project was delivered, profit was negative because deliveries took place for certain low-margin projects contracted before the previous consolidated fiscal year. Compared with the previous consolidated fiscal year, however, sales increased and earnings improved.」
The delivery of low-margin projects contracted in prior periods continues to weigh on profit for the current fiscal year. - FY2018-Q4RestatedAnnual report
「Because deliveries were made during the period for certain low-margin projects contracted in the previous fiscal year or earlier, sales and profit decreased compared with the same quarter of the previous year.」
Deliveries of low-margin projects contracted in prior periods continued to take place, contributing to the decline in sales. - FY2018-Q3MaterialisedAnnual report
「Because deliveries were made during the period for certain low-margin projects contracted in the previous fiscal year or earlier, sales and profit decreased compared with the same quarter of the previous year.」
Deliveries of low-margin projects contracted in prior periods also took place during the current quarter, contributing to the decline in sales, while profit increased year on year. - FY2018-Q2MaterialisedAnnual report
「Because deliveries were made during the period for certain low-margin projects contracted in the previous fiscal year or earlier, sales and profit decreased compared with the same quarter of the previous year.」
Deliveries of low-margin projects contracted in prior periods actually took place, contributing to the year-on-year decline in sales and profit.