Revenue decline in other businesses due to reduced orders associated with the change of era name
First written in FY2020-Q1. 1 of 3 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「As both the information systems business and the 2 subsidiaries posted higher sales, net sales were ¥1,807 million, up 7.6% year on year, and operating profit was ¥109 million, up 29.0%.」
After the period in which revenue declined due in part to customers holding back on orders following the change of era name, both the Information Systems Business and 2 subsidiaries recorded higher revenue for the full fiscal year. - FY2020-Q3Trend changed from a revenue decline to revenue growthAnnual report
「As both the information systems business and the 2 subsidiaries posted higher sales, net sales were ¥1,324 million, up 8.8% year on year, and operating profit was ¥73 million, up 65.8%.」
The Other Business, which recorded lower revenue in the previous year's first quarter due in part to customers holding back on orders following the change of era name, recorded higher revenue in both the Information Systems Business and 2 subsidiaries during the cumulative third quarter period of the current fiscal year. - FY2020-Q1First statedAnnual report
「The stagnation in sales at 2 subsidiaries, due in part to customers holding back orders following the change of era name and sluggish sales of inserting machines, resulted in revenue of ¥414 million, down 17.8% year on year, and operating profit of ¥15 million, down 64.9%.」
For the first time, the company identifies customers holding back on orders following the change of era name as a factor behind sluggish sales growth at 2 subsidiaries in the Other Business.