Profitability Challenges from Depreciation Costs and Equipment Utilization Rates
First written in FY2018. 11 of 24 entries say "Mitigated", first in FY2022. Latest entry: FY2027-H1.
Ray moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「In the video equipment rental division, performance remained solid because a large equipment delivery project for a permanent exhibition was booked, while entertainment-related projects, including concerts, also continued to be carried out smoothly.」
The delivery of large equipment projects and continued execution of projects such as concerts kept equipment utilization and performance in the video equipment rental division solid, while profit-related issues from depreciation expenses and utilization rates continued to ease. - FY2026MitigatedAnnual report
「The Video Equipment Rental division continued to handle entertainment-related projects, including concerts. In addition, large exhibitions such as the Japan Mobility Show were held during the fiscal year, and operating performance remained strong. Performance in the Post-Production division also remained solid.」
The continuation and holding of concerts, entertainment projects and large exhibitions led to strong utilisation of video equipment and performance in the rental division, easing the profitability challenges arising from depreciation costs and utilisation rates. - FY2026-H1MitigatedAnnual report
「In the video equipment rental segment, exhibitions, concerts, and other events involving the operation of large-scale video equipment were held, and the segment performed strongly.」
Exhibitions, concerts and other events using large video equipment supported strong equipment utilisation and operating performance. The profitability challenges arising from depreciation costs and utilisation rates remained eased. - FY2025MitigatedAnnual report
「In the video equipment rental segment, entertainment-related projects such as concerts continued to be held, utilisation of video equipment remained firm throughout the year, and performance was strong.」
As events recovered, the situation in which depreciation costs and equipment utilisation rates posed profitability challenges continued to be eased in the Video Equipment Rental division. - FY2024MitigatedAnnual report
「In the video equipment rental segment, utilisation of large-screen video equipment and other equipment remained firm, particularly for concerts, exhibitions and event projects, and performance was strong.」
Utilisation of large video equipment was strong, and the situation in which depreciation costs and utilisation rates posed profitability challenges continued to be eased in the division. - FY2024-Q2RestatedAnnual report
「Performance in the Video Equipment Rental division remained strong as the entertainment-related market recovered steadily and utilisation of large video equipment was firm.」
The company reconfirms that utilisation of large video equipment and performance in the Video Equipment Rental division remain strong as the entertainment-related market recovers. - FY2024-Q1RestatedAnnual report
「Utilisation of large video equipment was also firm, and operating performance remained strong.」
Utilisation of large video equipment was firm, and the situation in which equipment utilisation rates posed a profitability challenge remained eased in the Video Equipment Rental division. - FY2023AdvancedAnnual report
「In the Video Equipment Rental division, the impact of COVID-19 eased and concerts and stage performances began to resume in earnest, resulting in strong utilisation of large video equipment and a significant recovery in operating performance.」
Utilisation of large video equipment was strong, with revenue in the Video Equipment Rental division increasing 24.9% year on year and operating profit increasing 230.7% year on year. Concrete full-year recovery has been demonstrated in the situation where equipment utilisation rates had posed a profitability challenge. - FY2023-Q3AdvancedAnnual report
「In the Video Equipment Rental segment, performance is recovering as the impact of COVID-19 has eased and concerts and stage performances have begun to fully resume, resulting in firm utilization of large video equipment and similar equipment.」
As the impact of the pandemic eased and events resumed, utilisation of large video equipment became firm, and the situation in which equipment utilisation rates posed a profitability challenge has eased to some extent. - FY2023-Q2MitigatedAnnual report
「In the video equipment rental segment, performance is showing signs of recovery as the impact of COVID-19 has eased and events, particularly concerts and stage performances, have begun to resume.」
The company states that performance in the Video Equipment Rental division is recovering as events resume. Although challenges relating to equipment utilisation rates and depreciation costs remain, the weakness seen through the previous fiscal year has eased to some extent. - FY2023-Q1RestatedAnnual report
「In the Video Equipment Rental division, concerts, stage performances and other activities were gradually resuming, but in-person events and exhibitions using large video equipment had not fully resumed. Although performance improved from the same period of the previous year, it remained weak.」
Although performance in the Video Equipment Rental division improved year on year, in-person events and other activities using large video equipment had not fully resumed, and the company reconfirms the challenge of low equipment utilisation rates and weak operating performance. - FY2022MitigatedAnnual report
「The Video Equipment Rental division was significantly affected by COVID-19, and difficult business conditions continued. Following the easing of restrictions on activities from October 2021 and the beginning of the resumption of in-person events, exhibitions, concerts, stage performances and other activities, performance recovered compared with the previous fiscal year, but remained weak.」
Performance in the Video Equipment Rental division recovered from the previous fiscal year as restrictions on activities were eased and in-person events and other activities resumed, but equipment utilisation and operating performance remained weak, leaving the challenge of improving equipment utilisation rates. - FY2022-Q3RestatedAnnual report
「Meanwhile, in the video equipment rental segment, which was affected by COVID-19, live events, exhibitions, concerts and stage performances, among others, using large-screen video equipment had not fully resumed during the cumulative third-quarter consolidated period, and performance remained weak.」
Demand for in-person events and other activities using large video equipment has not fully recovered, and the company reconfirms the situation in which equipment utilisation rates and operating performance remain weak. - FY2022-Q2RestatedAnnual report
「The Video Equipment Rental division was significantly affected by COVID-19. Demand for in-person events, exhibitions, concerts, stage performances and other activities using large video equipment did not recover, equipment utilisation remained low, and operating performance remained weak.」
Regarding the business structure in which depreciation costs and utilisation rates pose profitability challenges, the low utilisation of large video equipment and weak operating performance have persisted because demand for in-person events and other activities has not recovered. - FY2022-Q1RestatedAnnual report
「The Video Equipment Rental division was affected by the continued curtailment of events, exhibitions, concerts, stage performances and other activities due to COVID-19. Utilisation of video equipment, particularly large video equipment, remained low, resulting in weak operating performance.」
Events and other activities continued to be curtailed, and low utilisation, particularly of large video equipment, and weak performance in the division persisted. - FY2021WorsenedAnnual report
「In the video equipment rental segment, the year-round suspension of events, exhibitions, concerts and stage performances, among others, due to the impact of COVID-19 resulted in weak utilisation of video equipment, particularly large-screen equipment, and sluggish performance.」
Regarding the business structure in which the depreciation burden and equipment utilisation rates pose profitability challenges, the low utilisation of large video equipment and weak operating results have emerged in practice as events were voluntarily curtailed throughout the year. - FY2021-Q3RestatedAnnual report
「Like the SP and Events segment, the video equipment rental segment has not reached a full-scale resumption of events, exhibitions, concerts and stage performances, among others. Although there is demand for streamed concerts and similar offerings, utilisation of video equipment, particularly large-screen equipment, has remained weak, and performance remains sluggish.」
As events and other activities have yet to fully resume, large video equipment continues to have low utilisation, and equipment utilisation rates remain a profitability challenge. - FY2021-Q2WorsenedAnnual report
「Like the SP and Events segment, the video equipment rental segment continued to be affected by calls to refrain from holding events, exhibitions, concerts and stage performances, among others. Utilisation remained weak, particularly for large-screen video equipment, and performance remained sluggish.」
Regarding the business structure in which the depreciation burden and equipment utilisation rates pose profitability challenges, the low utilisation of large video equipment and weak operating results have emerged in practice as events were voluntarily curtailed. - FY2020RestatedAnnual report
「Like the Technical Solutions business, it operates on a contract basis, but depreciation costs account for a large proportion of costs, and the utilisation rates of various types of equipment are a profitability challenge.」
The company reconfirms the business structure in which the substantial depreciation burden and equipment utilisation rates pose profitability challenges. - FY2018First statedAnnual report
「The Technical Solutions business provides production and video processing technologies using digital video equipment. Like the Advertising Solutions business, it operates on a contract basis, but depreciation costs account for a large proportion of costs, and the utilisation rates of various types of equipment are a profitability challenge.」
The company identifies as a new business risk the structural challenge in the Technical Solutions business whereby the substantial depreciation burden and equipment utilisation rates affect profitability.