Business impact of deteriorating market conditions in the Nagoya area
First written in FY2021-Q2. 1 of 3 entries say "Restated". Latest entry: FY2022-Q3.
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- FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there have been no significant changes in the existing risks related to deteriorating market conditions and project cancellations in the Nagoya area. - FY2021Recovery through 5G and Kansai projects after cancellation of a Nagoya-area projectAnnual report
「Although the segment got off to a difficult start, with some projects cancelled in the Nagoya area from the beginning of the period, revenue and profit increased on the expansion of the 5G-related business and strong performance in local government projects in the Kansai region. As a result, revenue was ¥4,500 million, up 6.6% year on year, and segment profit (operating profit) was ¥562 million, up 13.8%.」
While the impact of deteriorating market conditions following the cancellation of a Nagoya-area project remained evident during the fiscal year, the segment posted higher revenue and profit on 5G-related business and projects for local governments in the Kansai area. - FY2021-Q2First statedAnnual report
「During the six-month period ended the second quarter, revenue was ¥2,085 million, a decrease of ¥32 million, or 1.5%, from the same period of the previous year. Segment profit was ¥272 million, a decrease of ¥9 million, or 3.4%. This was due to the impact of deteriorating market conditions, mainly in the Nagoya area, although performance generally remained strong in the Tokyo metropolitan and Osaka areas.」
The deterioration in market conditions in the Nagoya area is described specifically for the first time as a factor behind the decline in revenue and profit in the wide-area solutions business.