Declining Revenue from Highly Profitable Package Projects
First written in FY2017-Q1. 8 of 30 entries say "Restated". Latest entry: FY2025-H1.
0 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「The main factors were higher sales of EUC (custom development of related systems) and PP (program products) for the strategic university management system “GAKUEN” series and higher PP sales for the integrated information system for financial institutions “BankNeo.”」
Higher EUC and PP sales for the GAKUEN series and higher PP sales for BankNeo resulted in 13.8% revenue growth and 6.6% operating profit growth for the package business. The previous trend of lower sales from highly profitable projects has eased in actual results. - FY2024-Q3Higher revenue but lower operating profit, driven by higher GAKUEN revenue and lower BankNeo revenueAnnual report
「PP (program product) sales and implementation support services, among others, for the strategic university management systems “GAKUEN RX” and “UNIVERSAL PASSPORT RX” exceeded the previous year, but PP sales for the integrated information system for financial institutions “BankNeo” declined. Overall orders for the business remained steady.」
Although highly profitable GAKUEN-related sales and implementation support services, among others, increased, PP sales for BankNeo declined, resulting in higher revenue but a 2.1% decline in operating profit for the package business. The company said orders remained steady. - FY2024-Q2MitigatedAnnual report
「The business reported revenue of ¥2,255 million (up 9.9% year on year) and operating profit of ¥601 million (up 8.2%). The main factors were that, although PP (program product) sales for the integrated information system for financial institutions “BankNeo” declined slightly, PP sales and implementation support services for the strategic university management systems “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX” increased.」
Although PP sales for BankNeo declined slightly, higher PP sales and implementation support services for GAKUEN RX and GAKUEN UNIVERSAL PASSPORT RX resulted in higher revenue and operating profit for the package business. - FY2024-Q1MitigatedAnnual report
「The business reported revenue of ¥960 million (up 11.0% year on year) and operating profit of ¥147 million (up 11.4%). The main factor was that, although sales of PP (program products) for the integrated information system for financial institutions “BankNeo” were slightly below the previous year, sales of PP (program products) and implementation support services, among others, for the strategic university management systems “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX” each increased.」
Although PP sales for BankNeo were slightly below the previous year, higher sales of PP products and implementation support services, among others, for the GAKUEN series resulted in 11.0% revenue growth and 11.4% operating profit growth for the package business. The previous trend of lower sales from highly profitable projects has eased in actual results. - FY2023Full-year declines in revenue and operating profit despite larger order volumeAnnual report
「The business reported revenue of ¥4,489 million (down 2.4% year on year) and operating profit of ¥1,250 million (down 18.2%). The main factors were that, although sales of PP (program products) for the integrated information system for financial institutions “BankNeo” exceeded the previous year, sales of PP (program products) and implementation support services, among others, for the strategic university management systems “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX” (collectively, the “GAKUEN series”) declined. Overall order volume for the business increased from the end of the previous consolidated fiscal year and remained steady.」
Although lower sales of PP products and implementation support services for the GAKUEN series resulted in lower revenue and operating profit for the full year, overall order volume increased from the end of the previous fiscal year. - FY2023-Q3Narrower declines in revenue and operating profit; orders remained steadyAnnual report
「The business reported revenue of ¥2,996 million (down 0.9% year on year) and operating profit of ¥736 million (down 23.6%). The main factors were that, although sales of PP (program products) for the integrated information system for financial institutions “BankNeo” exceeded the previous year, sales of PP (program products) and implementation support services, among others, for the strategic university management systems “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX” (collectively, the “GAKUEN series”) declined. Overall orders for the business remained steady.」
The package business continued to report lower revenue and operating profit due to declines in PP sales and implementation support services for the GAKUEN series, but the year-on-year decline in revenue was 0.9% and the decline in operating profit was 23.6%, narrowing from the previous quarter. The company said orders remained steady. - FY2023-Q2WorsenedAnnual report
「The business reported revenue of ¥2,051 million (down 3.8% year on year) and operating profit of ¥555 million (down 29.3%). The main factors were that, although orders for both brands, the strategic university management systems “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX” and the integrated information system for financial institutions “BankNeo,” remained steady, sales of the highly profitable PP (program products) of both brands were concentrated in the same period of the previous year, while implementation support services and other services for the GAKUEN series declined.」
Orders for GAKUEN RX, GAKUEN UNIVERSAL PASSPORT RX and BankNeo remained steady, but the concentration of highly profitable PP sales in the same period of the previous year and lower sales of implementation support services and other services for the GAKUEN series resulted in a 3.8% decline in revenue and a 29.3% decline in operating profit for the package business. - FY2023-Q1WorsenedAnnual report
「Although orders for both brands, the strategic university management systems “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX” (collectively, the “GAKUEN series”), and the integrated information systems for financial institutions “BankNeo,” remained steady, sales of the highly profitable PP (program products) of both brands were concentrated in the same period of the previous year, while sales of purchased products and other items related to implementation of the GAKUEN series declined.」
Orders for the GAKUEN series and BankNeo remained steady, but the concentration of PP sales in the same period of the previous year and lower sales of purchased products and other items related to implementation of the GAKUEN series resulted in a 12.9% decline in revenue and a 58.2% decline in operating profit for the package business. - FY2022-Q3RestatedAnnual report
「In this business, demand from existing customers to switch from the previous series to the new, highly profitable university PP (program product) series, “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX,” as well as efforts to acquire new customers for these series, moved forward from the originally expected schedule. In addition, the volume of orders for EUC (custom development of related systems) associated with their implementation increased, improving the profitability of the business as a whole. Further, work in progress for implementation support services and other services, for which revenue had previously been recognized upon customer acceptance, came to be recognized based on progress toward satisfaction of performance obligations under the Accounting Standard for Revenue Recognition, which began applying in the current fiscal year. As a result, revenue was ¥2,462 million (up 45.6% year on year) and operating profit was ¥602 million (up 343.5%).」
The progress seen in the previous quarter continued, including earlier-than-expected replacement demand from existing RX-series customers, earlier-than-expected new customer acquisition and an increase in orders for EUC related to implementation. The GAKUEN business reported revenue growth of 45.6% year on year and operating profit of ¥602 million. - FY2022-Q2AdvancedAnnual report
「In this business, demand from existing customers to switch from the previous series to the new, highly profitable university PP (program product) series, “GAKUEN RX” and “GAKUEN UNIVERSAL PASSPORT RX,” as well as efforts to acquire new customers for these series, moved forward from the originally expected schedule. In addition, the volume of orders for EUC (custom development of related systems) associated with their implementation increased, improving the profitability of the business as a whole. Further, work in progress for implementation support services and other services, for which revenue had previously been recognized upon customer acceptance, came to be recognized based on progress toward satisfaction of performance obligations under the Accounting Standard for Revenue Recognition, which began applying in the current fiscal year. As a result, revenue was ¥1,721 million (up 35.9% year on year) and operating profit was ¥498 million (up 185.8%).」
For GAKUEN RX and GAKUEN UNIVERSAL PASSPORT RX, demand from existing customers to switch products and new customer acquisition moved forward from the expected schedule, while orders for EUC related to implementation also increased. Revenue rose 35.9% year on year and operating profit rose 185.8%. - FY2022-Q1AdvancedAnnual report
「Next, in the GAKUEN business (development and sale of school business reform packages and related services), although EUC (custom development of related systems) and implementation support services, among others, were below the previous year, sales of purchased products and PP (program products) to universities, among others, each increased, resulting in revenue of ¥787 million (up 42.4% year on year) and operating profit of ¥169 million (compared with an operating loss of ¥11 million in the same period of the previous year).」
Driven by higher sales of PP products to universities and other areas, revenue from the GAKUEN business rose 42.4% year on year, while operating profit turned from a loss of ¥11 million to a profit of ¥169 million. - FY2021MitigatedAnnual report
「Although EUC (custom development of related systems) was below the previous year, sales of PP (program products) to universities, implementation support and maintenance services, among others, each increased, resulting in revenue of ¥3,216 million (up 5.2%) and operating profit of ¥856 million (up 20.4%).」
Sales of PP products to universities, previously a factor behind the decline in revenue, increased, as did implementation support and maintenance. The GAKUEN business reported higher revenue and operating profit, and the decline in highly profitable projects was less pronounced in actual results. - FY2021-Q3RestatedAnnual report
「Next, in the GAKUEN business (development and sale of school business reform packages and related services), sales of PP (program products) to universities and maintenance services exceeded the previous year, but sales of purchased products and EUC (custom development of related systems), among others, declined, resulting in revenue of ¥1,690 million (down 5.0% year on year) and operating profit of ¥135 million (down 10.6%).」
Although sales of the highly profitable PP products for universities exceeded the previous year, the GAKUEN business as a whole reported lower revenue and operating profit due to declines in purchased-product sales, EUC and other areas. - FY2021-Q2RestatedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), although PP (program products) sales to universities exceeded the previous year, procurement sales and implementation support services, among others, each generated lower revenue. Revenue fell 5.3% year on year to ¥1,266 million, and operating profit fell 8.1% to ¥174 million.」
PP sales to universities, which had previously been a factor behind lower revenue, continued to exceed the previous year. However, lower revenue from procurement sales and implementation support services, among others, resulted in lower revenue and profit for the GAKUEN business as a whole. - FY2021-Q1MitigatedAnnual report
「Although EUC (custom development of related systems) fell below the previous year, procurement sales, PP (program products) sales to universities and implementation support, among others, each generated higher revenue. Revenue increased 21.3% year on year to ¥553 million, and the operating loss narrowed to ¥11 million from ¥42 million.」
Higher revenue from highly profitable PP sales to universities and implementation support, among others, narrowed the GAKUEN business's operating loss from ¥42 million to ¥11 million. - FY2020MitigatedAnnual report
「In the GAKUEN business (sales of school administration reform packages and related services), PP (program products) sales to universities, EUC (custom development of related systems) and procurement sales, among others, each generated higher revenue. Revenue increased 18.2% to ¥3,058 million, and operating profit increased 123.7% to ¥711 million.」
PP sales to universities, which had previously been a factor behind lower revenue, generated higher revenue, and the GAKUEN business as a whole reported higher revenue and profit. - FY2020-Q3AdvancedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), PP (program products) sales to universities, procurement sales and implementation support, among others, each generated higher revenue. Revenue increased 32.8% year on year to ¥1,779 million, and results turned from an operating loss of ¥112 million to operating profit of ¥151 million.」
Higher revenue from highly profitable PP sales to universities drove a 32.8% year-on-year increase in GAKUEN business revenue, and operating results turned from a loss of ¥112 million to a profit of ¥151 million. - FY2020-Q2AdvancedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), although EUC (End User Computing: custom development of peripheral systems for packages) fell below the previous year, PP (program products) sales to universities, procurement sales and implementation support, among others, each generated higher revenue. Revenue increased 38.0% year on year to ¥1,337 million, and results turned from an operating loss to operating profit of ¥189 million.」
Higher revenue from highly profitable PP sales to universities drove a 38.0% year-on-year increase in GAKUEN business revenue, and operating results turned from a loss to profit of ¥189 million. - FY2020-Q1MitigatedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), although PP (program products) sales to universities and procurement sales exceeded the previous year, EUC (custom development of related systems) and implementation support, among others, each generated lower revenue. Revenue was essentially flat at ¥456 million, up 0.0% year on year, and the operating loss narrowed to ¥42 million from ¥43 million.」
Highly profitable PP sales to universities exceeded the previous year, and the GAKUEN business's operating loss narrowed slightly from ¥43 million to ¥42 million. - FY2019MitigatedAnnual report
「In the GAKUEN business (sales of school administration reform packages and related services), procurement sales, implementation support, EUC (custom development of related systems) and operation services, among others, each generated higher revenue. Revenue increased 14.7% to ¥2,586 million, and operating profit increased 24.8% to ¥317 million.」
Although individual trends in PP sales to universities were not described, the GAKUEN business as a whole generated higher revenue from implementation support, EUC and other services, turning to higher revenue and profit. - FY2019-Q3WorsenedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), although procurement sales, maintenance and implementation support, among others, exceeded the previous year, highly profitable PP (program products) sales to universities generated lower revenue. Revenue fell 0.1% year on year to ¥1,340 million, and results turned from operating profit of ¥9 million to an operating loss of ¥112 million.」
Lower revenue from highly profitable PP sales to universities continued, and the GAKUEN business turned from operating profit of ¥9 million in the same period of the previous year to an operating loss of ¥112 million. - FY2019-Q2WorsenedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), although implementation support, procurement sales and EUC (End User Computing: custom development of peripheral systems for packages), among others, exceeded the previous year, highly profitable PP (program products) sales to universities generated lower revenue. Revenue fell 1.9% year on year to ¥969 million, and results turned from operating profit of ¥62 million to an operating loss of ¥60 million.」
Lower revenue from highly profitable PP sales to universities continued, and the GAKUEN business turned from operating profit of ¥62 million in the same period of the previous year to an operating loss of ¥60 million. - FY2019-Q1RestatedAnnual report
「Next, in the GAKUEN business (development and sales of school administration reform packages and related services), although procurement sales, implementation support and EUC (custom development of related systems), among others, exceeded the previous year, highly profitable PP (program products) sales to universities generated lower revenue. Revenue increased 12.6% year on year to ¥456 million, while the operating loss widened to ¥43 million from ¥31 million.」
Although the business as a whole generated higher revenue, lower revenue from highly profitable PP sales to universities continued, and the operating loss widened from ¥31 million in the same period of the previous year to ¥43 million. - FY2018-Q3RestatedAnnual report
「Next, in the package business (development and sales of school administration reform packages and related services), although procurement sales and operation services fell below the previous year, highly profitable project categories such as EUC (End User Computing: custom development of peripheral systems for packages), implementation support and PP (program products) sales to universities generated higher revenue. Revenue increased 3.2% year on year to ¥1,341 million, and results turned from an operating loss of ¥43 million to operating profit of ¥9 million.」
Higher revenue from highly profitable EUC, implementation support and PP sales to universities continued, and the package business remained in the state of having turned from an operating loss in the same period of the previous year to operating profit. - FY2018-Q2Higher revenue and a return to profitability in highly profitable projectsAnnual report
「Next, in the package business (development and sales of school administration reform packages and related services), although procurement sales and operation services continued to trend lower in revenue than in the previous year, highly profitable project categories such as EUC (End User Computing: custom development of peripheral systems for packages), implementation support and PP (program products) sales to universities generated higher revenue. Revenue increased 11.4% year on year to ¥988 million, and results turned from an operating loss of ¥45 million to operating profit of ¥62 million.」
Higher revenue from highly profitable EUC, implementation support and PP sales to universities enabled the package business to turn from an operating loss in the same period of the previous year to operating profit. - FY2018-Q1RestatedAnnual report
「Next, in the package business (development and sales of school administration reform packages and related services), although procurement sales, operation services, PP (program products) sales to universities and implementation support fell below the previous year, EUC (custom development of related systems) and maintenance services generated higher revenue. Revenue fell 8.1% year on year to ¥405 million, and the operating loss narrowed to ¥31 million from ¥40 million.」
Lower revenue from PP sales to universities and implementation support continued, and package business revenue fell 8.1% year on year. However, higher revenue from EUC and maintenance services narrowed the operating loss from ¥40 million to ¥31 million. - FY2017RestatedAnnual report
「In the package business (sales of school administration reform packages and related services), although PP (program products) sales to universities and implementation support fell below the previous year, procurement sales, operation services, maintenance and EUC (custom development of related systems) each generated higher revenue. Revenue increased 7.4% to ¥2,274 million, and operating profit increased 0.1% to ¥218 million, resulting in higher revenue and profit.」
Although PP sales to universities and implementation support continued to generate lower revenue, higher revenue from EUC, operation and maintenance services, among others, resulted in higher revenue and profit for the package business as a whole. - FY2017-Q3RestatedAnnual report
「Next, in the package business (development and sales of school administration reform packages and related services), although procurement sales, operation services, PP (program products) sales to universities and implementation support fell below the previous year, highly profitable project categories such as EUC (End User Computing: custom development of peripheral systems for packages) generated lower revenue. Revenue fell 4.1% year on year to ¥1,300 million, and results turned to an operating loss of ¥43 million from operating profit of ¥50 million, resulting in lower revenue and profit.」
Lower revenue from highly profitable project categories continued. The year-on-year rate of revenue decline narrowed from 14.4% in the second quarter to 4.1%, but the operating loss remained. - FY2017-Q2WorsenedAnnual report
「Although procurement sales, operation services and maintenance services exceeded the previous year, highly profitable project categories such as EUC (End User Computing: custom development of peripheral systems for packages), implementation support and PP (program products) sales to universities generated lower revenue. Revenue fell 14.4% year on year to ¥887 million, and results turned to an operating loss of ¥45 million from operating profit of ¥122 million, resulting in lower revenue and profit.」
Lower revenue from highly profitable project categories continued, with the year-on-year rate of revenue decline widening from 10.1% to 14.4%, and results turning from operating profit to an operating loss. - FY2017-Q1First statedAnnual report
「Although procurement sales and maintenance services, among others, exceeded the previous year, highly profitable project categories such as EUC (custom development of related systems), PP (program products) sales to universities and implementation support generated lower revenue. Revenue fell 10.1% year on year to ¥440 million, and results turned to an operating loss of ¥40 million from operating profit of ¥58 million, resulting in lower revenue and profit.」
The package business turned from operating profit in the previous year to an operating loss due to lower revenue from highly profitable project categories.