Impact of acquisition-related costs and intangible asset amortization on laundry business profit
First written in FY2018-Q2. 5 of 17 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3MitigatedAnnual report
「Segment profit was ¥122 million, down 36.0% from ¥191 million in the same period of the previous year, due to higher selling expenses.」
Although profit declined year on year due to higher selling expenses, the segment recovered from the loss recorded in the cumulative period through the previous quarter and posted profit of ¥122 million. - FY2023-Q2WorsenedAnnual report
「As a result, revenue from this business was ¥6,396 million, down 2.4% from ¥6,553 million in the same period of the previous year. In addition to lower revenue and higher selling expenses, the segment posted a loss of ¥32 million, compared with segment profit of ¥229 million in the same period of the previous year.」
The domestic laundry business swung from a profit of ¥229 million in the same period of the previous year to a loss of ¥32 million, due to lower revenue and higher selling expenses. - FY2023-Q1MitigatedAnnual report
「Although revenue increased, segment loss was ¥43 million due to intangible asset amortization, compared with a segment loss of ¥110 million in the same period of the previous year.」
Although the impact of intangible asset amortization remained, domestic laundry business segment loss narrowed from ¥110 million in the same period of the previous year to ¥43 million. - FY2022-Q1WorsenedAnnual report
「As a result, revenue from this business was ¥2,427 million, down 18.8% from ¥2,988 million in the same period of the previous year. Segment loss was ¥110 million, compared with a segment loss of ¥78 million in the same period of the previous year, due to lower revenue.」
In the domestic laundry business, segment loss widened from ¥78 million in the same period of the previous year to ¥110 million due to lower revenue. - FY2021WorsenedAnnual report
「Segment profit was ¥178 million, down 83.4% from ¥1,073 million in the previous fiscal year, due to the impact of lower revenue and amortization of intangible assets.」
In the domestic laundry business, full-year segment profit decreased 83.4% due to lower revenue and intangible asset amortization. - FY2021-Q3WorsenedAnnual report
「In addition, segment profit was ¥175 million, down 66.8% from ¥529 million in the same period of the previous year, due to lower revenue and amortization of intangible assets.」
In the domestic laundry business, segment profit decreased 66.8% year on year due to lower revenue and the impact of intangible asset amortization, deepening the decline in profit. - FY2021-Q2WorsenedAnnual report
「In addition, segment profit was ¥12 million, down 97.7% from ¥528 million in the same period of the previous year, due to lower revenue and amortization of intangible assets.」
Domestic laundry business segment profit decreased to ¥12 million, down 97.7% year on year, due to lower revenue and the impact of intangible asset amortization. - FY2021-Q1Shift to a loss due to COVID-19Annual report
「As a result, revenue from this business was ¥2,988 million, down 35.0% from ¥4,594 million in the same period of the previous year. Segment loss was ¥78 million, compared with segment profit of ¥335 million in the same period of the previous year, due to lower revenue and amortization of intangible assets.」
Domestic laundry business revenue decreased 35.0% amid lower demand due to the COVID-19 pandemic, and the business shifted from segment profit in the same period of the previous year to a loss of ¥78 million, including intangible asset amortization. - FY2020Full-year revenue and profit declineAnnual report
「As a result, revenue from this business was ¥19,040 million, down 4.8% from ¥20,005 million in the previous fiscal year. Segment profit was ¥1,073 million, including amortization of intangible assets, down 17.9% from ¥1,306 million in the previous fiscal year.」
In the domestic laundry business, including post-acquisition intangible asset amortization, full-year revenue decreased 4.8% and segment profit decreased 17.9%. - FY2020-Q3RestatedAnnual report
「As a result, revenue from this business was ¥12,934 million, down 9.9% from ¥14,355 million in the same period of the previous year. Segment profit was ¥529 million, including amortization of intangible assets, down 45.7% from ¥975 million in the same period of the previous year.」
In the domestic laundry business, revenue decreased 9.9% year on year and segment profit, including intangible asset amortization, decreased 45.7%, resulting in continued declines in both revenue and profit. - FY2020-Q2Continued decline in revenue and profitAnnual report
「As a result, revenue from this business was ¥9,243 million, down 11.5% from ¥10,446 million in the same period of the previous year. Segment profit was ¥528 million, including amortization of intangible assets, down 37.2% from ¥840 million in the same period of the previous year.」
In the domestic laundry business, revenue decreased 11.5% year on year and segment profit, including intangible asset amortization, decreased 37.2%, resulting in continued declines in both revenue and profit. - FY2020-Q1Profit declined with lower revenueAnnual report
「As a result, revenue from this business was ¥4,594 million, down 20.8% from ¥5,799 million in the same period of the previous year. Segment profit was ¥335 million, including amortization of intangible assets, down 39.7% from ¥555 million in the same period of the previous year.」
In the domestic laundry business, the decline in profit, including post-acquisition intangible asset amortization, was disclosed as being accompanied by lower revenue due to the reversal of the previous year's performance and other factors, rather than being attributed to acquisition-related costs. - FY2019-Q3AdvancedAnnual report
「In the domestic laundry business, large-scale investment in new factories and equipment replacements remained active, driven by inbound demand and rising needs for labor saving and automation, as in the previous fiscal year. Sales of the core continuous batch washing machines remained firm. As a result, revenue from the business was ¥14,355 million, while segment profit was ¥975 million due to expenses related to the business combination and amortization of intangible assets.」
Segment profit in the domestic laundry business was ¥975 million, including various costs associated with the business combination and intangible asset amortization. - FY2019-Q2AdvancedAnnual report
「As a result, revenue from this business was ¥10,446 million, and segment profit, including amortization of intangible assets, was ¥840 million.」
Segment profit in the domestic laundry business was ¥840 million, including intangible asset amortization following the acquisition. - FY2019-Q1AdvancedAnnual report
「As a result, revenue from this business was ¥5,799 million, and segment profit, including amortization of intangible assets, was ¥555 million.」
The domestic laundry business recorded segment profit of ¥555 million, including intangible asset amortization following the acquisition. - FY2018-Q3AdvancedAnnual report
「Under these conditions, sales of the mainstay continuous batch washers remained steady, and revenue from this business was ¥8,471 million, while segment profit was ¥126 million due to various acquisition-related costs and amortization of intangible assets.」
While domestic laundry business revenue increased to ¥8,471 million, segment profit was ¥126 million, affected by acquisition-related costs and intangible asset amortization. - FY2018-Q2First statedAnnual report
「As a result, revenue from this business was ¥4,136 million, while segment profit was ¥43 million due to various acquisition-related costs and amortization of intangible assets.」
Domestic laundry business revenue was ¥4,136 million, while acquisition-related costs and amortization of acquired intangible assets resulted in segment profit of ¥43 million.