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MS&Consulting (6555) · FactIncrease in third-quarter orders due to order timing shifts

Fluctuations in Quarterly Sales Mix Due to Changes in the Delivery Timing of Certain MSR Projects

First written in FY2018-Q4. . Latest entry: FY2023-Q3.

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ProgressHeldSoftenedWorseOtherFY2018-Q4 – FY2023-Q32018: 120182019: 120192020: 120202021: 020212022: 020222023: 1
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  1. FY2023-Q3Increase in third-quarter orders due to order timing shiftsAnnual report

    「Orders received increased 10.9% year on year in the third quarter, partly reflecting orders carried over from the second quarter, and were up 4.7% compared with the cumulative total for the third quarter of the previous year.」

    Orders carried over from the second quarter affected orders received in the third quarter, which increased 10.9% year on year, or 4.7% on a cumulative basis.
  2. FY2020Delayed order lead times and cancellation of surveys and trainingAnnual report

    「However, because orders received during the period fell short of expectations due to delays in order lead times, and consulting, training and some surveys were cancelled following requests to refrain from gatherings and going out amid the spread of COVID-19, revenue came in below budget.」

    It is explained that delayed order lead times and the cancellation of surveys and training amid the spread of COVID-19 affected the period's revenue mix and results.
  3. FY2019Confirmation of delays in implementation into the following consolidated fiscal yearAnnual report

    「Although collaboration with ぐるなび社 steadily progressed, MSR revenue in Japan declined 0.9% year on year because the decline in the value retention rate among existing customers, amid the lingering impact from the first half, when projects were cancelled or postponed due to earthquakes and torrential rain, included the postponement of some projects into the following consolidated fiscal year during the fourth quarter of the current consolidated fiscal year.」

    It is explained that the postponement of certain MSR projects into the following consolidated fiscal year led to a decline in the value retention rate among existing customers and a decrease in domestic MSR revenue.
  4. FY2018-Q4First statedAnnual report

    「This was affected by changes for certain customers that received MSR deliveries in the fourth quarter of the previous consolidated fiscal year, with deliveries scheduled for the third quarter of the current consolidated fiscal year instead.」

    It is stated that changes in the delivery timing of MSR for certain customers, from the fourth quarter of the previous fiscal year to the third quarter of the current fiscal year, affected the increase in the number of surveys. The relevant projects are described as having relatively low survey unit prices and gross margins.
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Fluctuations in Quarterly Sales Mix Due to Changes in the Delivery Timing of Certain MSR Projects | MS&Consulting Co.,Ltd. (6555) | Komori