Revenue fluctuations due to the non-award of a major local inhabitant tax contract
First written in FY2018-Q1. 2 of 6 entries say "Restated". Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2DroppedAnnual report
「There were no significant changes during the six-month period to the business and financial issues that the Group needs to address as a priority.」
The decline in orders for large contracts mentioned in the previous quarter was not referred to in the current quarter's performance explanation, which instead explained a decline in revenue related to the onboarding of new customers. - FY2024-Q1Recurrence of a decline in orders for large contractsAnnual report
「Compared with the same quarter of the previous year, the number of payroll-processing employees increased, while orders for large-scale projects decreased. As a result, BPO revenue was ¥318.250 million, up 0.8% year on year, and the operating loss was ¥52.205 million, compared with an operating loss of ¥40.491 million in the same quarter of the previous year.」
The fact that orders for large contracts were lower than in the same period of the previous year is again cited as a factor behind the limited growth in BPO revenue and the widening operating loss. - FY2018RestatedAnnual report
「The absence of orders for the large year-end tax adjustment services contract that had been conducted continuously through the previous year, together with the fact that demand related to the My Number system had run its course after its introduction, resulted in total revenue of ¥970,243 thousand, up 0.0% from the previous fiscal year.」
The company continues to cite the failure to win a large recurring contract as a factor behind revenue fluctuations, now in relation to year-end tax adjustment services. - FY2018-Q3ReframedAnnual report
「The absence of orders for the large year-end tax adjustment services contract that had been conducted continuously through the previous year, together with the fact that demand related to the My Number system had run its course after its introduction, resulted in total revenue of ¥702,704 thousand, down 8.7% year on year.」
The specific subject of the revenue fluctuation factor has changed from the failure to win a large resident-tax services contract to the failure to win a large year-end tax adjustment services contract. It was linked to the existing thread because the theme remains revenue fluctuation due to the failure to win a recurring contract. - FY2018-Q2RestatedAnnual report
「Compared with the same quarter of the previous year, orders from new customers increased for payroll processing, resident tax and year-end tax adjustments. However, total net sales were ¥367.164 million, down 3.4% year on year, due to the absence of orders for a large resident tax project that had been handled continuously through the previous year and the end of the initial surge in demand related to the My Number system following its introduction.」
The failure to win the large resident-tax services contract that had continued through the previous year continues to be cited as a factor behind the decline in revenue. - FY2018-Q1First statedAnnual report
「Revenue from payroll-related services and resident tax and year-end tax adjustment services increased from the same quarter of the previous year as orders from new customers progressed. However, the absence of orders for a large resident tax services project that had been conducted continuously through last year, together with demand related to My Number reaching maturity after the system's introduction, resulted in total revenue of ¥199.947 million, down 11.8% year on year.」
While orders from new customers progressed, the failure to win the large resident-tax services contract that had continued through the previous year was mentioned independently for the first time as a factor behind the decline in revenue for the current quarter.