Delays in Winning New Projects and Insufficient Development Workload
First written in FY2023. 2 of 3 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3WorsenedAnnual report
「However, our response to changes in the recent market environment, including the post-COVID-19 period, and to diversifying customer needs was delayed as we sought to secure new orders. As a result, revenue was ¥647.156 million, down 1.4% from the same quarter of the previous year, and segment profit was ¥164.290 million, down 23.8%.」
In the E-Commerce business, delays in responding to changes in the market environment and diversifying customer needs continued, resulting in revenue down 1.4% and segment profit down 23.8%. - FY2024-Q2WorsenedAnnual report
「Although multiple development projects for Adobe Commerce, which was commercialized in the previous fiscal year, are progressing in the E-Commerce Business, we struggled to win new orders as investment previously directed toward online sales was also diverted to physical-store sales in the post-COVID environment. As a result, revenue for the cumulative second quarter was ¥428.399 million, down 3.3% year on year, while segment profit was ¥117.229 million, down 13.5%.」
While multiple Adobe Commerce projects progressed, difficulty in securing new orders continued, and revenue in the E-Commerce business decreased 3.3% and segment profit decreased 13.5%. - FY2023MaterialisedAnnual report
「Although many customers sought to launch new e-commerce sites, orders were delayed because efforts to win new projects did not progress, and projects for Adobe Commerce, which was launched as a business not dependent on development resources, were also slow to materialize. As a result, the Company was unable to secure sufficient development workload. Revenue in the E-Commerce business for the fiscal year was ¥916.023 million, down 24.2% year on year, while operating profit was ¥207.019 million, down 49.8%.」
Delays in orders from new project acquisition and in the conversion of Adobe Commerce opportunities into projects actually occurred, resulting in insufficient development workload and lower revenue and operating profit in the E-Commerce business.