Delay in launching the services-related business
First written in FY2016. 4 of 10 entries say "Mitigated", first in FY2018. Latest entry: FY2021.
0 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The services business needs to implement measures to increase the stock base that supports its earnings.」
The company continues to pursue a policy of expanding the services business as an earnings base, but this filing does not newly state that the launch delay has been resolved. - FY2020MitigatedAnnual report
「In the services-related business, the stock base increased significantly as a result of the effects of ongoing efforts to improve quality and strengthen the organisational structure.」
The filing describes growth in the services-related stock base resulting from quality improvements and organisational strengthening, indicating improvement from the launch delay. - FY2020-Q2MitigatedAnnual report
「Regarding business performance, sales of existing products remained solid in the product-related business. In the services-related business, the effects of initiatives to improve quality and strengthen the organisational structure also began to emerge, resulting in steady growth in the stock base and revenue of ¥1,674 million, up 9.1% year on year.」
The filing states that the effects of quality improvements and organisational strengthening began to emerge in the services-related business, resulting in steady growth in the stock base, indicating improvement from the previous launch delay. - FY2020-Q1RestatedAnnual report
「Regarding business performance, both the product-related and services-related businesses grew, resulting in revenue of ¥812 million, up 8.3% year on year.」
The filing states that the services-related business also grew. Since it does not expressly state that the delay in launching the services business has newly been resolved, this is recorded as a reconfirmation of the existing mitigation. - FY2019MitigatedAnnual report
「In the services-related MSS business, the company completed the strengthening of its organisational structure and the transition to a high-margin business structure. In addition, steady growth in the customer base allowed the business to exceed its break-even point and transition to a profitable business.」
In response to the delay in launching the services business, the filing describes the completion of the MSS business’s structural transformation, growth in the customer base, and its transition to a profitable business after exceeding the break-even point. - FY2018MitigatedAnnual report
「The services-related business had generated an annual average loss of just under ¥200 million through the current fiscal year. However, as the growth in the customer base has reached a point where it can be projected, and to transition to a high-margin structure from the next fiscal year onward, the company increased its cost and operating burden during the current fiscal year and completed measures to establish a solid profit-generating structure from the second half of the next fiscal year.」
Although the services-related business continued to incur losses through the current fiscal year, the company states that growth in the customer base has become more predictable and that measures to transition to a high-margin structure have been implemented. The description has therefore progressed from the previous launch delay to an outlook for earnings improvement and a return to profitability. - FY2018-Q1Strengthening of services-related ordersAnnual report
「Regarding business performance, Secure Data Sanitization from VOTIRO (Israel), which has effectively become the de facto standard for the “Construction of Municipal Information Security Clouds” and “Enhancement of the Resilience of Municipal Information Systems,” continued to perform solidly in the product-related business, as it did in the previous fiscal year. In addition, orders, including services-related orders, remained solid, resulting in revenue of ¥1,312 million, up 44.0% year on year.」
The filing states that orders, including services-related orders, remained solid. However, it does not expressly state that the delay in launching the services business has been resolved. - FY2017RestatedAnnual report
「Although the transformation of the earnings structure is currently progressing, the launch of the services business needs to be accelerated to restore earnings quickly and achieve further growth.」
While the transformation of the earnings structure is progressing, accelerating the launch of the services business remains an issue that needs to be addressed. - FY2017-Q1Strengthening of services-related ordersAnnual report
「In addition to winning a large product-related project, orders, including services-related orders, remained solid, resulting in revenue of ¥911 million, up 23.7% year on year.」
The filing states that services-related orders remained solid. However, it does not expressly state that the previous delay in the launch has been resolved, so the progress is recorded on a limited basis. - FY2016First statedAnnual report
「The services-related business is currently getting off the ground steadily, although it is behind the original schedule.」
The company describes the services business as being behind the original schedule, an operating situation that has already arisen.