Weakness in the Corporate Training Business Due to an Existing Customer’s Scale-Back of Its China Operations
First written in FY2017-Q2. 1 of 2 entries say "Restated". Latest entry: FY2017-Q3.
The whole theme swung hardest in 2018: 3 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「In the corporate training business, we worked to strengthen our sales structure by developing new customers and enhancing our customer follow-up system. However, difficult conditions continued, resulting in revenue of ¥164.171 million (down 12.6% year on year) and segment profit of ¥22.115 million (down 25.9% year on year).」
This filing does not restate the cause of existing customers scaling back their China operations, but the corporate training business remains in a difficult situation, with lower revenue and profit continuing. - FY2017-Q2First statedAnnual report
「The difficult situation continued due to existing customers scaling back their China operations and other factors. Revenue was ¥105.243 million, down 13.1% year on year, and segment profit was ¥9.419 million, down 39.0%.」
The corporate training business identifies the downsizing of existing customers' China operations and other factors as causes of the difficult situation, which is quantified as declines in revenue and segment profit.