New Testing Initiatives Failed to Meet Student-Use and Cost-Control Targets
First written in FY2018-Q3. 3 of 8 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025WorsenedAnnual report
「Although we attempted to scale back operations in fields where profitability was not expected and resume venue-based mock tests that had been suspended during the fiscal year, sales did not recover.」
Sales did not recover despite attempting to resume venue-based mock tests, and the segment loss remained substantial at ¥927 million. - FY2025-H1WorsenedAnnual report
「Amid a difficult outlook for the education-related business because of higher raw-material costs, we focused on streaming course lectures, but this did not generate sales contributions commensurate with production costs. As a result, sales were ¥579 million, down 17.0% year on year, and segment loss, or operating loss, was ¥665 million, compared with ¥263 million in the previous year.」
Lecture-video streaming continued to fail to generate sales commensurate with production costs, and segment loss widened from ¥263 million to ¥665 million. - FY2024-Q3MaterialisedAnnual report
「Amid a difficult outlook for the education-related business because of higher raw-material costs, we focused on streaming winter-course lectures, but this did not generate sales contributions commensurate with production costs. Sales of educational materials, in-school tests and cram-school tests also fell below the previous year, causing the operating loss to widen.」
Video streaming for winter courses also failed to generate sales commensurate with production costs, while lower educational-material and test sales continued. - FY2024-Q2MaterialisedAnnual report
「Although we focused on streaming lecture videos, this did not generate sales contributions commensurate with production costs. Sales of educational materials, in-school tests and cram-school tests also fell below the previous year, causing the operating loss to widen.」
The company actually failed to generate sales contributions commensurate with video-streaming production costs. Lower sales of educational materials and tests also caused segment loss to widen from ¥99 million to ¥263 million. - FY2020RestatedAnnual report
「Sales and profit both fell below the previous year because product costs had risen sharply, production costs for new products substantially exceeded expectations and, following a comparison of investment amounts and the recoverable amount over the full investment period, production costs with a cost nature were amortized.」
The company continues to report excess production costs and amortization of production costs for new education-related products as factors weighing on performance. - FY2020-Q3RestatedAnnual report
「Sales and profit both fell below the previous year because product costs had risen sharply, production costs for new products substantially exceeded expectations and, following a comparison of investment amounts and the recoverable amount over the full investment period, production costs with a cost nature were amortized.」
The company continues to report excess production costs and amortization of production costs for new education-related products as factors weighing on performance. - FY2020-Q2MaterialisedAnnual report
「Sales and profit both fell below the previous year because product costs had risen sharply, production costs for new products substantially exceeded expectations and, following a comparison of investment amounts and the recoverable amount over the full investment period, production costs with a cost nature were amortized.」
Production costs for new education-related products substantially exceeded expectations, and production costs were amortized based on a comparison with the recoverable amount. - FY2018-Q3First statedAnnual report
「For these new initiatives in the testing field, the number of students using them fell short of the initial forecast during the third quarter, and cost controls have not produced the expected savings. Their contribution to performance therefore remains limited, but we will analyze the causes and take necessary measures to improve the situation.」
The company states that use of the new testing initiatives was below the initial forecast, cost controls did not produce the expected savings, and their contribution to performance remained limited.