Mitigating the Risk of Low Profitability Through Project-Based Cost Forecasting and Labor-Hour Management
First written in FY2017. 5 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To avoid these risks, the Group is working to mitigate their impact on earnings by rigorously forecasting costs and managing labor hours for each project.」
The filing reiterates measures to mitigate the risk of reduced profitability through project-level cost forecasting and labor-hours management. - FY2023-Q3RestatedAnnual report
「Alongside the implementation of these key measures, we worked to make active investments to enhance the technological capabilities that form the core of our strengths, strengthen cooperation with partner companies, improve profitability, reinforce our organizational structure for developing new customers, and plan and develop business services.」
The filing states that initiatives to improve profitability are continuing, but does not report any new milestones achieved through project management or QCD improvements. - FY2022-Q3AdvancedAnnual report
「During the third quarter of the current consolidated fiscal year, the Group delivered a large-scale project, including product sales, as planned. In addition, the reduction in the cost of sales resulting from a review of project management and other measures proved effective, resulting in net sales of ¥666.372 million, up 105.6% year on year, and segment profit of ¥116.153 million, up 72.0% year on year.」
The filing reports that large-scale projects were delivered as planned and that a review of project management reduced the cost of sales, resulting in IT Solutions net sales and segment profit exceeding the levels in the same period of the previous year. It describes specific results from measures to address the risk of reduced profitability. - FY2022-Q2AdvancedAnnual report
「Since the previous fiscal year, the IT Solutions business has undertaken initiatives to improve QCD in its business processes. As a result of improved productivity, net sales amounted to ¥268.674 million, up 30.7% year on year, and segment profit amounted to ¥68.627 million, up 80.1% year on year.」
Continued improvements in QCD in business processes increased productivity, with IT Solutions net sales up 30.7% year on year and segment profit up 80.1%. - FY2022-Q1MitigatedAnnual report
「Since the previous fiscal year, the Group has undertaken initiatives to improve QCD in its business processes. As a result of improved productivity, net sales amounted to ¥167.440 million, up 27.1% year on year.」
The filing attributes improved productivity to better QCD in business processes and describes the resulting operational improvements related to addressing the risk of reduced profitability. - FY2021-Q3MitigatedAnnual report
「In addition, the Group will seek to improve profitability by reducing costs through the horizontal deployment of products and solutions, tightening profitability management through improvements in project management, and reviewing the allocation of human resources to system design and development.」
The filing states that the horizontal deployment of products and solutions, improvements in project management and a review of personnel allocation will continue as measures to improve profitability, and also reports an increase in segment profit for IT Solutions on a cumulative basis for the current quarter. - FY2021-Q2MitigatedAnnual report
「Strengthening the earnings base of the IT Solutions business ① IT Solutions The Group provides consulting, design, development, operation and maintenance services for corporate systems, supported by a stable base of long-standing, high-quality customers. It will seek to expand sales by deepening and broadening its business with these customers and developing new customers through the provision of IT solutions for various industries. In addition, the Group will seek to improve profitability by reducing costs through the horizontal deployment of products and solutions, tightening profitability management through improvements in project management, and reviewing the allocation of human resources to system design and development.」
In addition to the existing cost forecasting and labor-hours management, the filing identifies the horizontal deployment of products and solutions, improvements in project management and a review of personnel allocation as measures to address the risk of reduced profitability. - FY2021-Q1MitigatedAnnual report
「The operating loss was ¥9.336 million, compared with an operating loss of ¥24.624 million in the same period of the previous year, following a review of project management and other measures to reduce the cost of sales.」
In addition to the existing cost forecasting and labor-hours management, the Group reviewed project management and reduced the cost of sales, resulting in a narrower operating loss than in the same period of the previous year. - FY2020RestatedAnnual report
「To avoid these risks, the Group is working to mitigate their impact on earnings by rigorously forecasting costs and managing labor hours for each project.」
The filing continues to describe measures to mitigate the risk of reduced profitability through project-level cost forecasting and labor-hours management. - FY2020-Q3ReframedAnnual report
「The Group will standardize each process in project execution, from proposals through order acceptance, development and delivery, and seek to eliminate unprofitable projects through rigorous implementation of these standards. Specifically, it will strictly manage the basic areas of appropriate contracts, high profitability, stable quality and adherence to delivery schedules.」
In addition to the existing project-level cost forecasting and labor-hours management, the filing specifies process standardization from proposals through delivery, the elimination of unprofitable projects, and management of contracts, profitability, quality and delivery schedules as measures. - FY2019RestatedAnnual report
「To avoid these risks, the Group is working to mitigate their impact on earnings by rigorously forecasting costs and managing labor hours for each project.」
The filing continues to describe the policy of rigorously forecasting costs and managing labor hours for each project as a measure to address the risk of estimation errors and unprofitable system construction projects. - FY2018RestatedAnnual report
「To avoid these risks, the Group is working to mitigate their impact on earnings by rigorously forecasting costs and managing labor hours for each project.」
The filing continues to describe the policy of rigorously forecasting costs and managing labor hours for each project as a measure to address the risk of estimation errors and unprofitable system construction projects. - FY2017First statedAnnual report
「To avoid these risks, the Group is working to mitigate their impact on earnings by rigorously forecasting costs and managing labor hours for each project.」
The filing explicitly describes for the first time the measures of rigorously forecasting costs and managing labor hours for each project in response to estimation errors and unprofitable system construction projects.