Higher costs for the Bangladesh transmission line construction project
First written in FY2019-Q3. 1 of 3 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2024: 17 of 55 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Although profit increased in the Energy segment as the impact of higher costs for the Bangladesh transmission line project subsided, revenue fell 7.8% year on year to ¥249.3 billion and operating profit fell 44.1% to ¥6.6 billion, reflecting the impact of intensifying competition for optical-related products in China and other factors in the Information & Communications segment.」
Higher costs for the Bangladesh transmission line construction project became a factor supporting profit growth due to the reaction to costs incurred in the previous fiscal year, and their impact has continued to diminish. - FY2020-Q2MitigatedAnnual report
「Although the deficit narrowed as the impact of higher costs for the Bangladesh transmission line project in the previous consolidated fiscal year subsided, revenue fell 6.5% year on year to ¥167.4 billion due mainly to the impact of intensifying competition for optical-related products in China, while operating profit fell 38.1% to ¥4.4 billion.」
The impact of higher costs for the Bangladesh transmission line construction project was described as a smaller loss burden due to the reaction to the costs incurred in the previous fiscal year. The impact of this risk has diminished, but competition in optical products related to China remains intense. - FY2019-Q3First statedAnnual report
「Lower profit due to intensifying competition in domestic and overseas markets and higher costs for the Bangladesh transmission line construction project」
Higher costs for the Bangladesh transmission line construction project were specifically identified for the first time as a factor reducing profit at the Energy and Information Communications Company.