Decline in Profit Due to Higher Costs on Overseas Transportation Projects
First written in FY2018-Q3. 2 of 6 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2020-Q2.
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- FY2020-Q2DroppedAnnual report
「Segment profit was ¥1,017 million, down 3.9% year on year, mainly because business for domestic private railway operators declined.」
There is no direct reference to higher costs on overseas projects. The decline in profit in the Transportation business is attributed mainly to lower business with domestic private railway operators. - FY2020-Q1MitigatedAnnual report
「Segment profit was ¥354 million, up 659.6% year on year, as business for domestic private railway operators and China increased, while overseas projects with substantial development components that had been ordered before the previous year reached a major milestone.」
In the Transportation business, overseas projects with substantial development components reached a major milestone, while increased business for domestic private railway operators and China also drove a 659.6% year-on-year increase in segment profit. - FY2019DroppedAnnual report
「Segment profit was ¥2,427 million, down 5.9% year on year, as business for domestic customers increased while business for China declined.」
There is no direct reference to the previously reported higher costs on some overseas projects. The full-year decline in profit is attributed to lower sales to China. - FY2019-Q1MaterialisedAnnual report
「Segment profit was ¥46 million, down 70.9% year on year, because costs increased on some overseas projects.」
Higher costs on some overseas projects also occurred in the first quarter, resulting in a 70.9% year-on-year decline in segment profit in the Transportation business. - FY2018RestatedAnnual report
「Segment profit was ¥2,578 million, down 16.2% year on year, because costs increased on some overseas projects.」
Higher costs on some overseas projects also occurred for the full year, resulting in a 16.2% year-on-year decline in segment profit in the Transportation business. - FY2018-Q3MaterialisedAnnual report
「Segment profit was ¥1,372 million, down 21.1% year on year, because costs increased on some overseas projects.」
The company states that costs actually increased on some overseas transportation projects, resulting in a 21.1% year-on-year decline in segment profit in the Transportation business.