Certain projects in the overseas software business have become loss-making
First written in FY2017-Q2. 10 of 18 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 6 of 23 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For the fiscal year, revenue was at the same level as the previous year, while segment earnings increased, partly due to the effects of cost reductions in Europe.」
Revenue in the overseas Web platform business was broadly flat, but segment profit increased from ¥49 million to ¥206 million due in part to the effects of cost reductions in Europe, improving from the previous deterioration in profitability. - FY2023MitigatedAnnual report
「As a result, revenue and profit increased year on year, and the business returned to profitability.」
In the Web platform business, orders for in-vehicle infotainment in Europe increased, and revenue entered a recovery trend despite the impact of semiconductor shortages for TVs. Segment earnings turned profitable. - FY2022ReframedAnnual report
「During the fiscal year under review, losses in Europe expanded year on year due to delays in the full-scale launch of the market for in-vehicle infotainment. At other locations, royalty income associated with shipments of TVs equipped with the Company's browser increased. As a result, revenue increased year on year.」
The overseas business recorded higher revenue due to increased royalty income from TVs, and the segment loss narrowed, while losses in Europe expanded due to delays in the launch of the in-vehicle infotainment market. The business shifted to a structure in which improvements and deterioration coexisted across locations. - FY2022-Q3MitigatedAnnual report
「Revenue increased year on year due to higher royalty income associated with shipments of TVs equipped with the Company's browser.」
The overseas business recorded higher revenue due to increased royalty income from TVs, and the segment loss narrowed from ¥519 million in the previous period to ¥436 million. - FY2022-Q2MitigatedAnnual report
「Recently, revenue and earnings increased year on year due to higher royalty income from strong shipments of TVs equipped with the Company's browser.」
In the overseas business, higher royalty income from strong TV shipments improved revenue from ¥164 million to ¥261 million and narrowed the segment loss from ¥358 million to ¥281 million. - FY2022-Q1MitigatedAnnual report
「Recently, royalty income has been recovering as shipments of TVs and in-vehicle equipment equipped with the Company's browser have remained strong. The number of business discussions in the in-vehicle infotainment field is also steadily increasing, resulting in higher revenue and earnings year on year.」
In the overseas business, royalty income recovered on strong shipments of TVs and in-vehicle equipment, with revenue improving from ¥89 million to ¥120 million and the segment loss narrowing from ¥179 million to ¥146 million. - FY2021WorsenedAnnual report
「Overseas business | Previous fiscal year | Fiscal year under review | External customer revenue | ¥998 million | ¥430 million | -56.9% | Segment earnings (loss) | (¥85 million) | (¥587 million)」
Revenue from the overseas business declined 56.9% from ¥998 million to ¥430 million, while the segment loss widened from ¥85 million to ¥587 million. The results were affected by the failure to conclude a major project in the in-vehicle infotainment field and lower royalty income, among other factors. - FY2021-Q3WorsenedAnnual report
「For the segment's performance during the cumulative third quarter under review, revenue and earnings declined year on year due to the suspension of existing projects resulting from customers' plant shutdowns and other factors associated with the spread of COVID-19, lower royalty income resulting from reduced shipments of end products in key markets such as TVs and in-vehicle equipment, temporary stagnation in customers' business activities in the in-vehicle infotainment field, which we position as a major future growth area, and higher depreciation and amortization resulting from increased investment in product development.」
The overseas business continued to experience project suspensions caused by plant shutdowns, lower shipments of end products for TVs and in-vehicle equipment, stagnation in the in-vehicle infotainment field and higher depreciation and amortization. Revenue declined 46.0% year on year, and the segment loss widened from ¥301 million to ¥519 million. - FY2021-Q2WorsenedAnnual report
「Revenue and earnings declined year on year due to the suspension of existing projects resulting from customers' plant shutdowns and other factors associated with the spread of COVID-19, lower royalty income resulting from reduced shipments of end products in key markets such as TVs and in-vehicle equipment, stagnation in customers' business activities in the in-vehicle infotainment field, which we position as a major future growth area, and higher depreciation and amortization resulting from increased investment in product development.」
The overseas business recorded lower revenue and earnings as project suspensions caused by plant shutdowns, lower shipments of end products, stagnation in the in-vehicle infotainment field and higher depreciation and amortization occurred simultaneously. - FY2021-Q1WorsenedAnnual report
「For the segment's performance during the cumulative first quarter under review, revenue and earnings declined year on year due to the downsizing of certain projects and an increase in depreciation and amortization resulting from increased investment in product development.」
The overseas business recorded revenue of ¥89 million and a segment loss of ¥179 million, with revenue and earnings declining year on year due to the downsizing of certain projects and higher depreciation and amortization associated with product development investment. - FY2020WorsenedAnnual report
「For the segment's performance during the fiscal year under review, despite the contribution from the acquired NetRange MMH GmbH, revenue and earnings for the segment as a whole declined year on year due to acquisition-related expenses and delays in the progress of the in-vehicle multimedia content distribution platform business compared with initial expectations.」
The overseas business recorded revenue of ¥998 million and a segment loss of ¥85 million, turning from a profit of ¥84 million in the previous period to a loss. After the resolution of the previous unprofitable projects, acquisition-related expenses and delays in business progress were identified as new factors weighing on earnings. - FY2019MitigatedAnnual report
「For the segment's performance during the fiscal year under review, revenue declined year on year due to lower revenue from contract development in Europe, but segment profit increased as profitability improved through higher royalty income and cost reductions.」
The overseas business recorded lower revenue due to a decline in contract development revenue, but segment profit increased through higher royalty income and cost reductions, reducing the impact of profitability deterioration from unprofitable projects. - FY2018MitigatedAnnual report
「As the unprofitable projects that arose during the previous fiscal year were resolved and the business environment improved, revenue and earnings increased and the business turned profitable.」
The unprofitable projects in Europe were resolved, and the Europe and Americas business recorded higher revenue and earnings and turned profitable, reducing the impact of projects becoming loss-making. - FY2018-Q3MitigatedAnnual report
「At the European locations, the resolution of the unprofitable projects that arose during the previous fiscal year and the resulting improvement in the business environment led to higher revenue, further cost improvements and improved segment earnings.」
The resolution of the unprofitable projects in Europe and the progress in cost improvements were reconfirmed, and the segment loss in the Europe and Americas business narrowed from ¥243 million in the previous period to ¥34.35 million. - FY2018-Q2MitigatedAnnual report
「As the resolution of the unprofitable projects that arose at the European locations during the previous fiscal year led to cost improvements, revenue and earnings increased and segment earnings turned profitable.」
The resolution of the unprofitable projects in Europe and cost improvements progressed further, and segment earnings in the Europe and Americas business turned from a loss in the previous period to a profit of ¥32 million. - FY2018-Q1MitigatedAnnual report
「As the resolution of the unprofitable projects that arose at the European locations during the previous fiscal year progressed smoothly, the earnings of each location also improved.」
It is stated that the resolution of the unprofitable projects in Europe that arose during the previous fiscal year progressed smoothly, leading to improved earnings in the Europe and Americas business. - FY2017-Q3RestatedAnnual report
「Although operating costs were reduced, segment earnings deteriorated year on year due to the emergence of unprofitable projects in Europe.」
The risk previously described as certain projects becoming loss-making continues to be identified this time as unprofitable projects in Europe. - FY2017-Q2First statedAnnual report
「Although operating costs were reduced, segment earnings deteriorated year on year due to the impact of certain projects becoming loss-making.」
While operating costs were reduced, certain projects became loss-making, resulting in an actual deterioration in segment earnings for the overseas software business.