Widening Losses in the Cross-Border E-Commerce Business and a Subsidiary's Negative Net Worth
First written in FY2022. 3 of 5 entries say "Softened", first in FY2023-Q1. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1MaterialisedAnnual report
「24ABC株式会社 operates a cross-border e-commerce business targeting China, but the business environment has made expansion difficult because of Chinese import restrictions resulting from the discharge of treated water from the nuclear power plant and the consequent decline in customers' willingness to purchase.」
Chinese import restrictions and weaker customer willingness to purchase were identified as actual factors making expansion of the cross-border e-commerce business difficult, adding specific drivers to the existing risk of continued losses. - FY2023-Q3SoftenedAnnual report
「Operating loss was ¥34.563 million, compared with a loss of ¥39.243 million in the previous year.」
The operating loss continued but narrowed by ¥4.680 million year on year, further weakening the prior trend of widening losses. - FY2023-Q2SoftenedAnnual report
「Operating loss was ¥20.538 million, compared with a loss of ¥23.993 million in the previous year.」
The business remained loss-making, but the loss narrowed by ¥3.455 million year on year. - FY2023-Q1SoftenedAnnual report
「Operating loss was ¥12.774 million, compared with a loss of ¥13.373 million in the previous year.」
The operating loss continued but narrowed by ¥0.599 million year on year, weakening the prior trend of widening losses. - FY2022First statedAnnual report
「Segment loss in the cross-border e-commerce business widened by ¥37.807 million year on year to ¥50.720 million. 24ABC㈱ was insolvent, with negative net assets of ¥81.275 million as of 31 December 2022.」
The annual report first disclosed, with specific figures, the widening loss in cross-border e-commerce and the negative net assets of consolidated subsidiary 24ABC.