Achieving Full-Year Earnings Forecasts Against a Backdrop of Contracted Projects and Advance Payments
First written in FY2020-Q1. 2 of 4 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020.
The whole theme swung hardest in 2020: 3 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2020SoftenedAnnual report
「Although 49 projects, a quarterly record, were concluded in the fourth quarter of the consolidated fiscal year, this was insufficient to recover to the level of the earnings forecast.」
The company concluded a record 49 projects in the fourth quarter, and commissioned projects and advance payments also recovered, but it did not achieve its full-year earnings forecast. - FY2020-Q3AdvancedAnnual report
「However, the advance-payment balance, a leading indicator of future results, reached a record high of ¥550.686 million, indicating that commissioned projects remain plentiful. The direct impact of COVID-19 was also considered limited at this time because it was concentrated in specific projects involving industries such as food service and tourism. Projects whose consideration had been suspended or stalled also began to resume sequentially from June, and the company was in a position to expect a sufficient number of contracts to be concluded in the fourth quarter of the consolidated fiscal year.」
The advance-payment balance reached a record high of ¥550.686 million, up from ¥548.498 million at the end of the previous quarter. The resumption of suspended or stalled projects from June onward and expectations for contracts to be concluded in the fourth quarter were presented as factors supporting recovery in full-year results. - FY2020-Q2AdvancedAnnual report
「The advance-payment balance, which serves as a reference indicator for the order backlog, also continued to increase, from ¥353.104 million at the end of the previous consolidated fiscal year, to ¥466.716 million at the end of the first quarter of the current consolidated fiscal year and ¥548.498 million at the end of the second quarter.」
The advance-payment balance continued to increase from ¥353.104 million to ¥466.716 million and then ¥548.498 million, providing concrete evidence of continued growth in the order backlog. Despite the delay in first-quarter results, this was presented as a factor supporting achievement of the full-year earnings forecast. - FY2020-Q1First statedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, the number of contracted engagements had increased substantially from the end of the previous consolidated fiscal year, and large engagements were also progressing smoothly. In addition, the balance of advance payments, a reference indicator for the order backlog, stood at ¥466,716 thousand, an increase of ¥169,802 thousand, or 57.2%, year on year. Accordingly, the company believes that it can sufficiently recover and achieve its full-year earnings forecasts.」
Although quarterly results declined significantly, the company has for the first time explicitly stated its view that it can recover and achieve its full-year earnings forecast, based on the increase in commissioned projects, progress on large projects, and an advance-payment balance of ¥466.716 million, up 57.2% year on year.