Decline in Gross Margin Caused by High-Cost Projects
First written in FY2017-Q1. 6 of 8 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2019-Q2.
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2019-Q2MitigatedAnnual report
「Regarding profit and loss, in addition to the CTI Division continuing to generate substantial, high-margin license revenue, all divisions of BSR1 (the first growth engine) became profitable, while BSR2 (the second growth engine) narrowed its loss year on year, strengthening the earnings structure.」
The decline in the gross profit margin due to high-cost projects mentioned previously was no longer a primary explanation for the current quarter, as a result of substantial, high-margin license revenue and profitability across BSR1. - FY2019-Q1MitigatedAnnual report
「The gross profit margin improved at the CTI Division and consolidated subsidiary Glamo due to highly profitable license revenue and other factors.」
The gross profit margin improved due to highly profitable license revenue and other factors, and the decline in the margin due to high-cost projects mentioned previously was not cited in the explanation for the current quarter. - FY2018MitigatedAnnual report
「Revenue grew substantially, while highly profitable license revenue and other factors improved the gross profit margin.」
The gross profit margin improved due to highly profitable license revenue and other factors, and the decline in the margin due to high-cost projects mentioned previously was no longer a primary explanation for the current fiscal year. - FY2018-Q3MitigatedAnnual report
「Regarding profit and loss, the company achieved record operating profit for the cumulative third quarter of the current consolidated fiscal year as revenue grew substantially, the gross profit margin improved due to highly profitable license revenue and other factors in the CTI Division, and selling, general and administrative expenses were controlled relative to revenue growth.」
The gross profit margin improved due to highly profitable license revenue and other factors, and operating profit reached a record high as selling, general and administrative expenses were controlled. - FY2018-Q2MitigatedAnnual report
「Improvement in the gross profit margin from substantial license revenue in the CTI Division」
The description refers to an improvement in the gross profit margin from substantial license revenue rather than the decline due to high-cost projects mentioned previously. - FY2017-Q3RestatedAnnual report
「Regarding profit and loss, although the gross profit margin and selling, general and administrative expenses were broadly in line with the plan, the operating loss was below both the same quarter of the previous year and the initial plan because revenue fell short of the initial plan and research and development expenses were increased as planned from the same quarter of the previous year.」
The gross profit margin was described as having been broadly in line with the plan, and the decline attributed to high-cost projects in the previous quarter was not mentioned again. - FY2017-Q2MitigatedAnnual report
「Regarding profit and loss, the gross profit margin and selling, general and administrative expenses were broadly in line with the plan, and the operating loss was almost in line with the initial plan.」
The decline in the gross profit margin due to certain high-cost projects noted in the previous quarter was not mentioned in the current quarter, and the gross profit margin was described as being in line with the plan. - FY2017-Q1First statedAnnual report
「Regarding profit and loss, the gross profit margin declined because some projects had high costs, although」
Some projects had high costs, resulting in an actual decline in the gross profit margin.