Lower Information Equipment Business Profit Due to Low-Margin Projects
First written in FY2018-Q3. 4 of 6 entries say "Mitigated", first in FY2018. Latest entry: FY2019.
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- FY2019DroppedAnnual report
「Segment profit was ¥290 million, down 7.7% year on year, due to the impact of lower revenue.」
There is no direct reference to the previously reported decline in profit caused by low-margin projects. The full-year decline in profit is attributed to lower revenue in the Information Equipment business. - FY2019-Q3MitigatedAnnual report
「Segment profit was ¥213 million, up 36.6% year on year, due to improved factory profitability and other factors.」
In the Information Equipment business, segment profit increased 36.6% year on year due to improved factory profitability and other factors, confirming the improvement from the decline caused by low-margin projects. - FY2019-Q2MitigatedAnnual report
「Segment profit increased by ¥89 million year on year to ¥124 million, due to improved factory profitability and other factors.」
In the Information Equipment business, segment profit increased by ¥89 million year on year due to improved factory profitability and other factors, marking an improvement from the decline caused by low-margin projects. - FY2019-Q1MitigatedAnnual report
「Segment profit increased by ¥140 million year on year to ¥104 million, due to the effect of higher revenue.」
In the Information Equipment business, segment profit increased by ¥140 million year on year due to the effect of higher revenue from sales of large projects in the previous period. - FY2018MitigatedAnnual report
「Segment profit was ¥314 million, up 3.1% year on year, as the effect of higher revenue outweighed the impact of some strategically won projects.」
Although the impact of some projects remains, the effect of higher revenue increased segment profit in the Information Equipment business by 3.1% year on year. - FY2018-Q3First statedAnnual report
「Segment profit was ¥156 million, down 36.0% year on year, due to the impact of some low-margin projects.」
The company states that some low-margin projects were a factor behind the decline in segment profit in the Information Equipment business.