Short-term decline in net sales due to the decision not to renew certain unprofitable contracts
First written in FY2016-Q3. 2 of 4 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2018: 7 of 41 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「Revenue from services bundled with overseas travel insurance increased year on year amid favourable conditions created by the increase in the number of people travelling overseas.」
The short-term revenue decline from not renewing certain unprofitable contracts, which had been described through the previous fiscal year, is not explicitly mentioned in the current fiscal year's explanation of operating results or risk disclosures. - FY2017-Q1RestatedAnnual report
「However, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥664 million, down 10.5% from the previous fiscal year, due to the impact of not renewing certain contracts related to services bundled with overseas travel insurance last year and a decline in contract value for government-agency business compared with the previous fiscal year.」
The impact of not renewing certain unprofitable contracts and other contracts in the previous year continues to contribute to the first-quarter revenue decline in services bundled with overseas travel insurance. - FY2016RestatedAnnual report
「On the other hand, revenue from some services bundled with overseas travel insurance declined in the short term because certain unprofitable contracts were not renewed, resulting in total revenue of ¥2,509 million, down 0.9% from the previous fiscal year.」
The company confirmed for the full fiscal year that the decision not to renew unprofitable contracts was a factor behind the short-term decline in revenue from services bundled with overseas travel insurance. - FY2016-Q3First statedAnnual report
「Sales declined in the short term due to the decline in government and public-sector orders in the first quarter and the decision not to renew certain unprofitable contracts, amounting to ¥1,912 million, down 1.0% year on year.」
The decision not to renew certain unprofitable contracts became an actual factor behind the short-term revenue decline, with cumulative revenue totaling ¥1,912 million, down 1.0% year on year.