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Silicon Studio Corp. (3907) · InitiativeRestated

Transfer of operations for low-profitability titles and concentration of resources on 4 new titles

First written in FY2016-Q3. 7 of 18 entries say "Restated". Latest entry: FY2021.

18entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2019-Q2 – FY2019AdvancedFY2020-Q2 – FY2020RestatedFY2021-Q2 – FY20212016: 120162017: 420172018: 420182019: 220192020: 420202021: 220212022: 1
Same theme, other companies
Structural Earnings Improvement Through a Review of the Game Product PortfolioA theme 12 companies write about · 0 as a headwind · 13 as a tailwind

The whole theme swung hardest in 2019: 1 of 10 companies on the "Worse" side.

3 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2021RestatedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous fiscal year, and was recorded in the Other segment.」

    After withdrawing from its independently operated content business, the company continued its collaboration titles and recorded profit in the Other segment.
  2. FY2021-Q2RestatedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous fiscal year, and was recorded in the Other segment.」

    After withdrawing from its independently operated content business, the company continued its collaboration titles and recorded a small profit in the Other segment.
  3. FY2020AdvancedAnnual report

    「Other consists of income from content titles operated in collaboration with other companies, continuing from the previous consolidated fiscal year. As the importance of the content business declined from the previous consolidated fiscal year, it was excluded from the reportable segments and included in Other. As a result, revenue was ¥83 million, down 32.1% year on year, and segment profit was ¥5 million, down 44.1% from the previous fiscal year.」

    After withdrawing from its independently operated content business, the company continued its collaboration titles and recorded segment profit of ¥5 million in Other.
  4. FY2020-Q3AdvancedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous fiscal year, and was recorded in the Other segment.」

    The collaboration titles continuing after the withdrawal from the content business generated profit of ¥4 million in the Other segment.
  5. FY2020-Q2AdvancedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous fiscal year, and was recorded in the Other segment.」

    The collaboration titles continuing after the withdrawal from the content business generated profit of ¥2 million in the Other segment.
  6. FY2020-Q1RestatedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous fiscal year, and was recorded in the Other segment.」

    After withdrawing from its independently operated content business, the company continued its collaboration titles and recorded a small profit in the Other segment.
  7. FY2019AdvancedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous consolidated fiscal year, and was recorded in the Other segment. As a result, revenue was ¥122 million, down 66.3% year on year, and segment profit was ¥9 million, compared with a loss of ¥749 million in the previous fiscal year.」

    The collaboration titles remaining after the withdrawal from the content business generated segment profit of ¥9 million in the Other segment.
  8. FY2019-Q2AdvancedAnnual report

    「Some profit was generated by content titles operated in collaboration with other companies, continuing from the previous fiscal year, and was recorded in the Other segment.」

    The collaboration titles retained after the withdrawal from the content business generated a small profit, which was recorded in the Other segment.
  9. FY2018ReframedAnnual report

    「Accordingly, as of 30 November 2018, we had withdrawn from the content business except for certain titles operated in collaboration with other companies.」

    The company shifted from measures involving the transfer of low-profitability titles and concentration on new titles to withdrawing from its independently operated content business while retaining collaboration titles.
  10. FY2018-Q3RestatedAnnual report

    「We concluded that continuing the content business independently would be difficult. As part of this process, on 4 July 2018, through a company split (simplified incorporation-type company split) and the transfer of shares and other interests in the newly established company, we transferred part of the content business relating to game content development and operation held by us to the newly established company, and then transferred 90% of the shares in the newly established company to CREEK & RIVER Co.,Ltd.」

    The company reconfirmed its policy of carrying out a company split and share transfer based on the conclusion that continuing the content business independently would be difficult.
  11. FY2018-Q2ReframedAnnual report

    「We concluded that continuing the proprietary game content production business independently would be difficult because intensifying competition in the market, longer game development periods and rising development costs would have a significant impact on our performance relative to the scale of our business. As part of this process, on 4 July 2018, through a company split (simplified incorporation-type company split) and the transfer of shares and other interests in the newly established company, we transferred part of the content business relating to game content development and operation held by us to the newly established company, and on the same day transferred 90% of the shares in the newly established company to CREEK & RIVER Co.,Ltd.」

    The policy was substantially restructured from transferring existing titles and concentrating on new titles to splitting off part of the content business and transferring 90% of the shares.
  12. FY2018-Q1RestatedAnnual report

    「In the content business, we focused on initiatives to improve sales of existing game titles and on developing new game titles planned for release from the second quarter onward.」

    Continues to focus on improving existing titles and developing new titles scheduled for release from the second quarter onward.
  13. FY2017RestatedAnnual report

    「We will do our utmost to build an efficient operating structure and develop titles mainly on a contract or collaboration basis, thereby limiting the impact of fluctuations in performance and securing stable profits.」

    After transferring its existing proprietary titles, the company continues to pursue a policy of focusing on contract and collaboration titles and seeking stable profits.
  14. FY2017-Q3SoftenedAnnual report

    「However, the transfer of the two titles 「刻のイシュタリア」 and 「逆襲のファンタジカ」 to 株式会社S&Mゲームス, together with the postponement of several contents scheduled for release in the third quarter to the fourth quarter or later to improve quality, resulted in performance below plan.」

    The transfer of the 2 existing titles was completed, but multiple new content offerings scheduled for the third quarter were postponed until the fourth quarter or later to improve quality.
  15. FY2017-Q2AdvancedAnnual report

    「In the content business, we transferred the 2 existing mobile games Toki no Ishitaria and Gyakushu no Fantasica to S&Mゲームス, a subsidiary of the Mynavi Group, and will focus on multiple new content businesses scheduled for release from the third quarter onward.」

    The transfer of the 2 existing titles was completed, and the company gave concrete form to a policy of concentrating resources on multiple new content offerings scheduled from the third quarter onward.
  16. FY2017-Q1RestatedAnnual report

    「Going forward, we will take measures to release multiple contents scheduled for release from the third quarter onward as planned and further improve their profitability.」

    Continues its policy of releasing multiple new content offerings from the third quarter onward and improving profitability.
  17. FY2016ReframedAnnual report

    「Going forward, we will do our utmost to build an efficient operating structure and develop titles mainly through collaboration, thereby limiting the impact of fluctuations in performance and securing stable profits.」

    The policy was restructured from the previous focus on concentrating resources on 4 new titles to developing collaboration titles and establishing an efficient operating structure.
  18. FY2016-Q3First statedAnnual report

    「We are transferring the operations of titles whose profitability has deteriorated while concentrating resources on 4 new titles scheduled for release.」

    The company has given concrete form to a policy of transferring operations from existing titles whose profitability has deteriorated and allocating management resources to 4 new titles scheduled for release.
Moved together

"Decline in revenue and operating, ordinary and quarterly net losses attributable to owners of the parent" moved the same way as this thread, in the same document, in 5 of its 18 moves.

555433★123456
  1. ★This thread
  2. 1Decline in revenue and operating, ordinary and quarterly net losses attributable to owners of the parent5×
  3. 2Consideration of new financing to stabilize the financial base5×
  4. 3Material doubt regarding going concern and cash-flow concerns5×
  5. 4Stagnant sales and provisions for loss on contracts in progress due to longer development periods4×
  6. 5Business foundation for staffing and employment placement services3×
  7. 6Decline in Cash and Cash Equivalents3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Silicon Studio Corp. yet.
News
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Transfer of operations for low-profitability titles and concentration of resources on 4 new titles | Silicon Studio Corp. (3907) | Komori