Decline in sales due to termination of electricity wholesale partnership
First written in FY2017-Q1. 2 of 5 entries say "Restated". Latest entry: FY2018.
Remixpoint moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2018: 7 of 41 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThe current fiscal year's business conditions do not explicitly mention the revenue loss caused by the termination of the wholesale electricity partnership with a specific partner, which was described in prior fiscal years.
- FY2017ReframedAnnual report
「The Company pursued various measures, including reviewing its cost structure and developing agency sales channels, but the number of electricity supply-and-demand contracts and the contracted electricity volume both fell short of the initial plan due to intensified price competition with major electric utilities and other new electricity providers, as well as customers' cautiousness about switching contracts.」
The explanation has shifted from revenue losses caused by terminating transactions with a specific partner to shortfalls in contracts and contracted electricity volume caused by intensified price competition and customers' cautious stance toward switching. - FY2017-Q3RestatedAnnual report
「The Company actively pursued new retail electricity customers to make up for the loss of revenue from the electricity trading business generated from the Japan Logitec Cooperative until the business partnership was terminated in November 2015, but ultimately did not succeed in offsetting the loss.」
The Company stated that the loss of electricity trading revenue following the termination of the business partnership with the Japan Logitec Cooperative continued and had not been offset by developing new retail electricity customers. - FY2017-Q2RestatedAnnual report
「The Company actively pursued new retail electricity customers to make up for the loss of revenue from the electricity trading business generated from the Japan Logitec Cooperative until the business partnership was terminated in November 2015, but ultimately did not succeed in offsetting the loss.」
The Company stated that the loss of electricity trading revenue following the termination of the business partnership continued to weigh on performance and had not been offset by developing retail electricity customers. - FY2017-Q1MaterialisedAnnual report
「The decrease in revenue and profit compared with the first quarter of the previous fiscal year was mainly attributable to the loss, following the termination of the business partnership in November 2016, of revenue from wholesale electricity supply to the business partner in the electricity trading business. As a result, revenue was ¥107 million, down ¥2,208 million year on year, and the segment loss (operating loss) was ¥34 million, a decrease of ¥197 million year on year.」
The Company explained that the termination of the business partnership eliminated revenue from wholesale electricity supply, reducing revenue and profit in the energy-related business.