Achieving profitability in the total solutions business
First written in FY2023-Q1. 3 of 9 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2025.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Company determined that disclosure as a single Wire Business segment, following the scaling back of the Total Solutions Business in the previous fiscal year, would more appropriately reflect the Company's actual business operations.」
Regarding the target of making the Total Solutions Business profitable, the Company continues to disclose its operations as a single Wire Business segment following the scaling back of that business. - FY2025-H1RestatedAnnual report
「From the current interim accounting period, the Company has changed to a single segment, the Wire Business. This change was made because the Company determined that disclosure as a single Wire Business segment, following the scaling back of the Total Solutions Business in the previous fiscal year, would more appropriately reflect the Company's actual business operations.」
Regarding the target of making the Total Solutions Business profitable, the Company continues to disclose its operations as a single Wire Business segment following the scaling back of that business. - FY2025-Q1SoftenedAnnual report
「This change was made because we determined that disclosing the business as a single segment, the wire business, more appropriately reflects our actual management structure, following the downsizing of the total solutions business in the previous fiscal year.」
Regarding the target of making the Total Solutions Business profitable, this filing states not the specific status of achievement but that the business was scaled back in the previous fiscal year and the Company changed to a single segment. - FY2024MitigatedAnnual report
「As a result, revenue was ¥142.322 million, down 39.2% from the previous fiscal year, and the segment loss was ¥52.705 million, compared with a segment loss of ¥171.644 million in the previous fiscal year.」
The Total Solutions Business has not achieved profitability and sales have declined, but the segment loss narrowed from ¥171.644 million to ¥52.705 million. - FY2024-Q3MitigatedAnnual report
「In the Total Solutions business, smart-glass sales were strong, but sales of other systems continued to decline. Revenue was ¥140.726 million, down 30.6% from the same quarter of the previous year, and the segment recorded a loss of ¥66.406 million, compared with a segment loss of ¥110.538 million in the same quarter of the previous year.」
The profitability target has not been achieved and losses continue, but the segment loss narrowed from ¥110.538 million in the same period of the previous year to ¥66.406 million. Meanwhile, sales declined 30.6% year on year. - FY2024-Q2WorsenedAnnual report
「In the Total Solutions business, inquiries for nvEye’sⓇ, the remote-work support system, and other products declined. Revenue was ¥52.365 million, down 69.0% from the same quarter of the previous year, and the segment recorded a loss of ¥51.409 million, compared with a segment loss of ¥63.455 million in the same quarter of the previous year.」
Against the target of making the Total Solutions Business profitable, inquiries declined and sales fell 69.0% year on year. Although the segment loss narrowed, the business still incurred a loss of ¥51.409 million. - FY2024-Q1WorsenedAnnual report
「In the Total Solutions business, there were inquiries about smart glasses using nvEye’s (remote-support system), JSEEQ-CareⓇ (nursing-care support system), and other products. However, revenue was ¥33.342 million, down 68.7% from the same quarter of the previous year, and the segment recorded a loss of ¥31.116 million, compared with a segment loss of ¥17.338 million in the same quarter of the previous year.」
Against the target of making the Total Solutions Business profitable, sales declined 68.7% year on year despite receiving inquiries, while the segment loss widened from ¥17.338 million to ¥31.116 million. - FY2023-Q3WorsenedAnnual report
「Sales of nvEye’sⓇ, a remote work support system that can be installed on smart glasses, were strong. However, sales of the jSeeq-care care-site support system were weak, while higher purchase prices due to the weaker yen and delays in business negotiations caused by the rapid spread of COVID-19 delayed progress on sales discussions. As a result, revenue was ¥202.692 million, down 26.8% from the same quarter of the previous year, and the segment loss was ¥110.613 million, compared with a segment loss of ¥75.962 million in the same quarter of the previous year.」
Against the target of making the Total Solutions Business profitable, sales declined and the segment loss widened due to weak sales of jSeeq-care, yen depreciation and delays in business negotiations. - FY2023-Q1First statedAnnual report
「For other products as well, we are reviewing product concepts and working on renewals with the aim of making this business profitable.」
For the Total Solutions Business, the Company explicitly identifies profitability of other products as a target and describes reviewing product concepts and renewing the products as the means of achieving it.