Sharp deterioration in earnings from a toll-road project
First written in FY2018-Q3. 5 of 9 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2020: 4 of 20 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2020-Q3MitigatedAnnual report
「In terms of profitability, profit increased year on year due to the resolution of deteriorating profitability in orders for toll-road projects and improved profitability of systems for government agencies and public-sector bodies.」
Profit in the Information and Communications Systems business improved, mainly because the deteriorating profitability of orders for toll-road projects that had arisen in prior fiscal years was resolved. - FY2020-Q2MitigatedAnnual report
「In the Information and Communications Systems business, revenue declined due to lower orders from government agencies and public-sector bodies, but profit increased year on year due to the elimination of deteriorating profitability in orders for toll-road projects, among other factors.」
The deteriorating profitability of orders for toll-road projects, which had become apparent in prior fiscal years, was resolved, resulting in higher profit in the Information and Communications Systems business despite lower revenue. - FY2020-Q1MitigatedAnnual report
「In the Information and Communications Systems business, revenue declined due to lower orders from government agencies and public-sector bodies, but profit increased year on year due to the elimination of deteriorating profitability in orders for toll-road projects, among other factors.」
The deteriorating profitability of orders for toll-road projects, which had become apparent in prior fiscal years, was resolved, reducing the loss in the Information and Communications Systems business. - FY2019RestatedAnnual report
「Revenue for the consolidated fiscal year increased due to higher large-scale orders from government agencies and public-sector bodies and higher mobile-device unit sales. Ordinary profit increased despite the sharp deterioration in the profitability of orders for toll-road projects, mainly due to higher sales volume centered on municipal disaster-prevention administrative radio systems.」
Although the sharp deterioration in the profitability of orders for toll-road projects recurred during the fiscal year, overall profit increased due to higher sales volume centered on disaster-prevention administrative radio systems. - FY2019-Q3MaterialisedAnnual report
「Although profitability was affected by the sharp deterioration in the profitability of orders for toll-road projects, profit increased as a result of efforts to improve the profitability of solutions, including the municipal disaster-prevention administrative radio system.」
Although the sharp deterioration in the profitability of orders for toll-road projects recurred during the quarter, profit increased in the Information and Communications Systems business due to improved solution profitability. - FY2019-Q2MaterialisedAnnual report
「In the Information and Communications Systems business, revenue increased due to higher orders from government agencies and public-sector bodies, but profit declined due to the impact of the sharp deterioration in the profitability of orders for toll-road projects. Accordingly, revenue from the Information and Communications Systems business was ¥3,896 million, up 7.5% year on year, while operating profit was ¥0 million, compared with operating profit of ¥18 million in the same period of the previous year.」
The sharp deterioration in the profitability of orders for toll-road projects recurred during the quarter, and the Information and Communications Systems business posted operating profit of ¥0 million despite higher revenue. - FY2019-Q1MaterialisedAnnual report
「In the Information and Communications Systems business, revenue increased due to more orders from government agencies, but profit declined year on year due to a sharp deterioration in the profitability of orders for toll roads and active development investment in the municipal disaster-prevention administrative radio system and other products. As a result, revenue was ¥1,533 million, up 29.0% year on year, and operating loss was ¥174 million, compared with an operating loss of ¥65 million in the same period of the previous year.」
The sharp deterioration in the profitability of orders for toll-road projects recurred during the quarter, and the Information and Communications Systems business posted an operating loss of ¥174 million despite higher revenue. - FY2018MaterialisedAnnual report
「In addition, profit declined year on year due to the sharp deterioration in the profitability of orders for toll-road projects and aggressive development investment in municipal disaster-prevention administrative radio systems and IoT-related businesses, among other factors. Accordingly, revenue from the Information and Communications Systems business was ¥11,196 million, down 1.7% from the previous fiscal year, while operating profit was ¥695 million, down 12.4%.」
The sharp deterioration in the profitability of orders for toll-road projects continued to be reflected as a factor behind lower full-year profit in the Systems business, with operating profit down 12.4% year on year. - FY2018-Q3MaterialisedAnnual report
「In addition, profit declined year on year due to the sharp deterioration in the profitability of orders for toll-road projects and aggressive development investment in municipal disaster-prevention administrative radio systems, among other factors.」
For the first time, the sharp deterioration in the profitability of orders for toll-road projects was cited as a factor behind lower profit in the Information and Communications Systems business.