Widening Losses in the Development Phase of Asian Operations
First written in FY2018-Q1. 2 of 6 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2023-Q1.
Access moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 4 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2023-Q1ReframedAnnual report
「Working with its local subsidiaries in Germany, China and South Korea, in domestic and overseas markets」
The former standalone loss of the Asia business is no longer disclosed, and the overseas locations including China and South Korea have been incorporated into the Web platform business. - FY2019-Q1ReframedAnnual report
「The company has established local subsidiaries in Germany, China and South Korea and provides IoT solutions and other services to the smart device and consumer electronics-related markets overseas.」
The former standalone disclosure of the Asia business was changed to an “overseas business” segment combining China and South Korea with Germany, so the loss of the Asia business is no longer presented separately. - FY2018MitigatedAnnual report
「Overall, revenue increased and profitability improved compared with the previous fiscal year, but the segment did not achieve the planned return to profitability.」
Revenue from the Asia business increased from ¥119 million to ¥665 million, while the segment loss narrowed from ¥119 million to ¥72 million, but the plan to return to profitability was not achieved. - FY2018-Q3WorsenedAnnual report
「For the cumulative third quarter under review, revenue increased year on year but the loss widened. The main factor was higher costs associated with the expansion of ACCESS tech's business, while the other locations generally showed improving profitability.」
Revenue from the Asia business was ¥428 million, up 95.7% year on year, while the segment loss widened from ¥95.72 million in the same period of the previous fiscal year to ¥99.24 million, and also widened from the ¥60 million loss in the previous cumulative second quarter. Higher costs associated with the expansion of ACCESS tech's business were cited as the main factor. - FY2018-Q2WorsenedAnnual report
「For the cumulative second quarter under review, revenue increased year on year but the loss widened. The main factor was higher costs associated with the expansion of ACCESS NOA's business, while the other locations generally showed improving profitability.」
Revenue from the Asia business increased, while the segment loss widened from ¥38 million in the same period of the previous fiscal year to ¥60 million. Higher costs associated with the expansion of ACCESS NOA's business were cited as the main factor, while the other locations were said to be showing improving profitability. - FY2018-Q1First statedAnnual report
「Revenue increased year on year due to factors including the start of consolidation of ACCESS NOA, but the business is still in the development phase and the loss widened.」
Revenue from the Asia business was ¥97 million, up 53.9% year on year, due in part to the start of consolidation of ACCESS NOA, while the segment loss widened from ¥26 million to ¥75 million.