Intensifying Competition and Lower Margins in the Korean Staffing Business
First written in FY2017-Q1. 19 of 24 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2027-H1.
Creek & River moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「In the interim consolidated period, the Korean creative business generated higher year-on-year revenue in both the television-industry staffing business and the original-comic distribution business. However, production costs for original comics continued to rise, and costs were recognized ahead of revenue at release, among other factors. Revenue was ¥1,612 million (115.0% year on year), and the segment loss (operating loss) was ¥24 million, compared with a segment loss of ¥16 million in the prior-year period.」
The Korea segment reported higher revenue, but its segment loss widened from ¥16 million to ¥24 million as production costs for original comics were recognized ahead of revenue. - 2026-10-08Worsenedgamebiz.jp
「売上高16億1200万円（同15.0％増）、セグメント損益（営業損益）2400万円の赤字（前年同期1600万円の赤字）となった。」
韓国クリエイティブ分野ではオリジナルコミックの制作コスト先行により、赤字額が前年同期の1,600万円から2,400万円へ拡大した。 - FY2026WorsenedAnnual report
「During the current consolidated fiscal year, the creative business in Korea reported revenue of ¥3,106 million, or 100.9% of the previous fiscal year, and a segment loss (operating loss) of ¥39 million, compared with a segment loss of ¥10 million in the previous fiscal year. Although staffing for TV broadcasters was showing signs of recovery, production costs for original comics were trending upward, and expenses were recognized ahead of revenue at release, among other factors.」
In the Korea business, staffing for TV broadcasters was showing signs of recovery, but the segment loss widened from ¥10 million to ¥39 million because production costs for original comics were incurred ahead of revenue. The decline in profitability in the Korea business has continued to materialize in results. Marked as quantified because it includes figures such as those for food, and as materialized because losses have already been incurred. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the creative business in Korea reported revenue of ¥1,402 million, or 88.9% of the same period of the previous year, and a segment loss (operating loss) of ¥16 million, compared with a segment loss of ¥11 million in the same period of the previous year.」
The Korean creative business reported lower revenue year on year, and the segment loss widened from ¥11 million to ¥16 million. - FY2025-H1MitigatedAnnual report
「The Company has built up a track record of staffing many video professionals in Korea's TV industry, but as the poor performance of Korean TV broadcasters has continued since the spread of COVID-19 and the number of active staffing assignments has trended downward, it reviewed its management structure in May 2024 and is pursuing new sales channels and new businesses. As a result, the creative business in Korea reported revenue of ¥1,577 million, or 92.3% of the same period of the previous year, and a segment loss (operating loss) of ¥11 million, compared with a segment loss of ¥14 million in the same period of the previous year.」
Although weak performance at Korean TV broadcasters and the decline in active staffing assignments continued, the management structure was reviewed and the segment loss narrowed from ¥14 million to ¥11 million. - FY2025-Q1WorsenedAnnual report
「As a result, the creative business in Korea reported revenue of ¥792 million, or 90.4% of the same period of the previous year, and a segment loss (operating loss) of ¥12 million, compared with a segment loss of ¥8 million in the same period of the previous year.」
Amid continued weak performance at Korean TV broadcasters and a downward trend in active staffing assignments, revenue fell below the same period of the previous year, and the segment loss widened from ¥8 million to ¥12 million. - FY2024WorsenedAnnual report
「The Company has built up a track record of staffing many video professionals in Korea's TV industry, but as the poor performance of Korean TV broadcasters has continued and the number of active staffing assignments has trended downward, it is pursuing new business development and restructuring to restore performance. As a result, the creative business in Korea reported revenue of ¥3,553 million, or 102.7% of the same period of the previous year, and a segment loss (operating loss) of ¥41 million, compared with a segment loss of ¥16 million in the same period of the previous year.」
Weak performance at Korean TV broadcasters and the downward trend in active staffing assignments continued, and the segment loss widened from ¥16 million to ¥41 million. - FY2024-Q3WorsenedAnnual report
「The Company has built up a track record of staffing many video professionals in Korea's TV industry, but as the poor performance of Korean TV broadcasters has continued and the number of active staffing assignments has trended downward, it is pursuing new business development and restructuring to restore performance.」
Weak performance at Korean TV broadcasters and the downward trend in active staffing assignments continued, and the Korea segment loss widened from ¥11 million in the same period of the previous year to ¥25 million. - FY2024-Q2WorsenedAnnual report
「The Company has built up a track record of staffing many video professionals in Korea's TV industry, but since the spread of COVID-19, the number of active staffing assignments has been trending downward as the performance of Korean TV broadcasters and other factors have deteriorated. As a result, the creative business in Korea reported revenue of ¥1,708 million, or 96.5% of the same period of the previous year, and a segment loss (operating loss) of ¥14 million, compared with a segment loss of ¥3 million in the same period of the previous year.」
The decline in active staffing assignments caused by weak performance at Korean TV broadcasters and other factors continued. In the cumulative FY2024-Q2, revenue fell below the same period of the previous year, and the segment loss widened from ¥3 million to ¥14 million. - FY2024-Q1WorsenedAnnual report
「The Company has built up a track record of staffing many video professionals in Korea's TV industry, but since the spread of COVID-19, the number of active staffing assignments has been trending downward as the performance of Korean TV broadcasters and other factors have deteriorated.」
The number of active staffing assignments has been trending downward due to weak performance at Korean TV broadcasters and other factors, and risks in the Korea business are continuing and worsening. - FY2023WorsenedAnnual report
「During the current consolidated fiscal year, the number of active staffing assignments declined due in part to the renewed spread of COVID-19, but the Company is rebuilding its structure to restore the business. As a result, the creative business in Korea reported revenue of ¥3,458 million, or 99.7% of the same period of the previous year, and a segment loss (operating loss) of ¥16 million, compared with segment profit of ¥0 million in the previous year.」
In the Korea business, the number of active staffing assignments declined due to the renewed spread of COVID-19, resulting in a segment loss of ¥16 million compared with break-even results in the previous year. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the number of active staffing assignments declined due in part to the renewed spread of COVID-19, although」
The number of active staffing assignments in the Korean creative business declined due in part to the renewed spread of COVID-19, resulting in a segment loss of ¥11 million. - FY2018-Q2MitigatedAnnual report
「In terms of profit, results exceeded those of the same period of the previous year, due in part to improved profit margins.」
In the Korea business, results exceeded those of the same period of the previous year as profit margins improved, and segment profit went from a loss of ¥1 million in the same period of the previous year to profit of ¥5 million. The risk related to the competitive environment continues to be disclosed. - FY2018-Q1MitigatedAnnual report
「The business continues to be affected by intensifying competition and other factors in the staffing business in South Korea. Although profit margins improved during the cumulative first quarter of the current consolidated fiscal year, they remain at a low level.」
Although the risk of lower profit margins from intensifying competition continues, the Company states that profit margins improved during the quarter. - FY2017RestatedAnnual report
「The business is being affected by intensifying competition and other factors in the staffing business in South Korea, and profit margins are trending downward.」
Continues to identify intensifying competition and the downward trend in profit margins in the Korean staffing business as risks. - FY2017-Q3WorsenedAnnual report
「While accurately meeting demand for creator staffing in the TV and video sector, the business is being affected by intensifying competition and other factors in the staffing business in South Korea, and profit margins are trending downward.」
Intensifying competition and the downward trend in profit margins continued, and Korea segment profit was ¥11 million, down 71.4% year on year. - FY2017-Q2WorsenedAnnual report
「While accurately meeting demand for creator staffing in the TV and video sector, the business is being affected by intensifying competition and other factors in the staffing business in South Korea, and profit margins are trending downward.」
Profit margin pressure from intensifying competition continued, and the Korea segment went from profit of ¥12 million in the same period of the previous year to a segment loss of ¥1 million. - FY2017-Q1First statedAnnual report
「The business is being affected by intensifying competition and other factors in the staffing business in South Korea, and profit margins are trending downward.」
States that intensifying competition is already affecting results in the form of lower profit margins.