Declining project revenue due to prolonged implementation testing for smart factories and other projects
First written in FY2019-Q1. 8 of 12 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2024-Q2.
JMACS Japan moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2018: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 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.」
Inquiries for nvEye’s and other products have declined, and revenue is down 69.0% year on year, worsening the situation in which project revenue recognition fails to progress. - 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.」
Although there are inquiries, revenue is down 68.7% year on year and the segment loss has widened, so the situation in which project revenue recognition fails to progress has deteriorated again. - FY2023-Q1MitigatedAnnual report
「In the Total Solutions Business, both sales and inquiries for nvEye’s (remote support system) and JSEEQ-CareⓇ (care-site support system) were strong.」
In response to the previous stagnation in revenue recognition caused by prolonged implementation verification, sales of and inquiries about nvEye’s and JSEEQ-Care are performing well, easing the stagnation in project sales. - FY2022-Q3RestatedAnnual report
「In the total solutions business, net sales reached ¥276.719 million due to continued orders for smart glasses capable of supporting remote operations using nvEye’s and for JSEEQ-CareⓇ installed at nursing-care facilities and other sites,」
Despite the stagnation in revenue recognition caused by implementation verification and other factors, the company continues to recognize revenue from ongoing orders for smart glasses and JSEEQ-Care. - FY2022-Q2MitigatedAnnual report
「In the total solutions business, net sales reached ¥209.606 million due to increased orders for smart glasses capable of supporting remote operations and for JSEEQ-CareⓇ, whose installations at nursing-care facilities and other sites are increasing,」
In response to stagnation in revenue recognition caused by implementation verification and other factors, orders and installations of smart glasses and JSEEQ-Care have increased, bringing revenue to ¥209.606 million. - FY2022-Q1MitigatedAnnual report
「In the total solutions business, increased shipments of smart glasses and projects won resulted in revenue of ¥127.341 million, up 72.0% year on year」
In response to stagnation in revenue recognition caused by implementation verification and other factors, revenue is up 72.0% year on year due to increased smart-glass shipments and project wins, easing the stagnation in project sales. - FY2021MitigatedAnnual report
「In the total solutions business, shipments, led by smart glasses for remote work support, increased in response to the spread of COVID-19, bringing net sales to ¥406.050 million, up 146.0% from the previous fiscal year.」
In response to stagnation in revenue recognition caused by implementation verification and other factors, smart-glass shipments have increased and revenue is up 146.0% year on year, easing the stagnation in project sales. - FY2021-Q3MitigatedAnnual report
「In the total solutions business, orders for smart glasses increased amid the spread of COVID-19, and revenue reached ¥239.207 million, up 124.0% year on year, following completion of acceptance inspections for a large-scale project. Improved profitability through project management resulted in a segment loss of ¥60.688 million, compared with a segment loss of ¥123.377 million in the same period of the previous year.」
In response to stagnation in revenue recognition caused by implementation verification and other factors, revenue increased 124.0% year on year due to higher orders for smart glasses and the completion of acceptance testing for large projects, easing the stagnation in project sales. - FY2021-Q2MitigatedAnnual report
「In the total solutions business, orders for smart glasses increased amid the spread of COVID-19, and revenue reached ¥139.379 million, up 121.7% year on year, following completion of acceptance inspections for a large-scale project. Improved profitability through project management resulted in a segment loss of ¥50.536 million, compared with a segment loss of ¥90.918 million in the same period of the previous year.」
In response to stagnation in revenue recognition caused by prolonged implementation verification, revenue has increased due to higher orders for smart glasses and the completion of acceptance testing for large projects, easing the stagnation in project sales. - FY2021-Q1MitigatedAnnual report
「In the Total Solutions Business, the Company secured projects and orders for smart glasses increased, resulting in revenue of ¥74.031 million, up 97.9% year on year.」
In response to the previous issue of revenue recognition being delayed because implementation verification took time, project wins and orders have increased, and revenue is up 97.9% year on year. - FY2020-Q3MitigatedAnnual report
「In the total solutions business, orders increased, bringing net sales to ¥106.791 million, up 62.9% year on year.」
In the total solutions business, where revenue had previously declined because implementation verification was taking longer, orders have increased and revenue is up 62.9% year on year, indicating that the stagnation in project sales is easing. - FY2019-Q1First statedAnnual report
「Although projects exist, implementation verification has taken time and has declined overall, resulting in revenue of ¥17.983 million, down 11.1% year on year,」
The company states that, although projects exist in its total solutions business, implementation verification has taken time, holding back commercialization and revenue recognition, and revenue declined 11.1% year on year.