Increasing Quantitative Significance of the Cross-Border E-Commerce Business and Its Classification as a Reportable Segment
First written in FY2022-Q2. 3 of 8 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2024-H1.
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- FY2024-H1DroppedAnnual report
「In addition, 24ABC株式会社 was absorbed by the Company effective 30 June 2024.」
The absorption of 24ABC株式会社 was completed on 30 June 2024. The reportable segments changed to domestic IT business and overseas IT business. - FY2024-Q1DroppedAnnual report
「The Group had previously reported the information systems business and cross-border e-commerce business as two segments. After reviewing the appropriate segmentation in light of future business development, it decided to change the reportable segments to domestic IT business, which provides IT services in Japan, and overseas IT business, which provides IT services mainly in China and Hong Kong, from the first quarter. The change reflects the policy of strengthening overseas operations by acquiring an information systems business for financial institutions in China and the planned absorption of 24ABC株式会社, which operates the cross-border e-commerce business, by the Company on 30 June 2024 because of deteriorating business conditions.」
The previous segmentation based on the quantitative importance of cross-border e-commerce ended, and the segments changed to domestic IT business and overseas IT business. Cross-border e-commerce was excluded as a separate segment because of deteriorating conditions and the planned absorption of 24ABC株式会社. - FY2023-Q3AdvancedAnnual report
「The cross-border e-commerce business is operated by 24ABC株式会社. Sales increased by ¥36.352 million year on year to ¥131.600 million, up 38.2%, while operating loss was ¥34.563 million, compared with ¥39.243 million in the previous year.」
Sales increased 38.2% year on year to ¥131.600 million, while the operating loss narrowed from ¥39.243 million to ¥34.563 million. - FY2023-Q2AdvancedAnnual report
「The cross-border e-commerce business is operated by 24ABC株式会社. Sales increased by ¥27.033 million year on year to ¥83.508 million, up 47.9%, but operating loss was ¥20.538 million, compared with ¥23.993 million in the previous year, due to higher cost of sales and selling, general and administrative expenses.」
Cumulative second-quarter sales increased 47.9% year on year, while the operating loss narrowed from ¥23.993 million to ¥20.538 million. - FY2023-Q1AdvancedAnnual report
「The cross-border e-commerce business is operated by 24ABC株式会社. Sales increased by ¥20.709 million year on year to ¥36.012 million, up 135.3%, but operating loss was ¥12.774 million, compared with ¥13.373 million in the previous year, due to higher cost of sales and selling, general and administrative expenses.」
Quarterly sales increased 135.3% year on year to ¥36.012 million, confirming the continued quantitative importance of the segment. An operating loss continued but narrowed from the previous year. - FY2022RestatedAnnual report
「Because the quantitative importance of the cross-border e-commerce business increased, the reportable segments were changed from this fiscal year to the information systems business and the cross-border e-commerce business.」
The annual report confirms the change to two reportable segments because of the increased quantitative importance of cross-border e-commerce. Sales were ¥127.322 million and segment loss was ¥50.720 million. - FY2022-Q3RestatedAnnual report
「The Group had previously reported only the information systems business as a reportable segment. Because the quantitative importance of the cross-border e-commerce business, previously disclosed as other, increased, the Group has reported the information systems business and cross-border e-commerce business as reportable segments since the first quarter of the fiscal year.」
The designation of cross-border e-commerce as a reportable segment due to its increased quantitative importance was reiterated. Cumulative third-quarter sales were ¥95.248 million and segment loss was ¥39.243 million. - FY2022-Q2First statedAnnual report
「The Group had previously reported only the information systems business as a reportable segment. Because the quantitative importance of the cross-border e-commerce business, previously disclosed as other, increased, the Group has reported the information systems business and cross-border e-commerce business as reportable segments since the first quarter of the fiscal year.」
The Group changed from reporting only the information systems business to reporting two segments, including cross-border e-commerce, because of its increased quantitative importance. Cross-border e-commerce sales were ¥56.475 million and segment loss was ¥23.993 million.