Downsizing of the Fiber-Optic Broadband Line Setup Agency Service
First written in FY2017-Q1. 1 of 4 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019DroppedAnnual report
「The IT-related business, which develops, manufactures and sells digital consumer electronics and PC peripherals, builds, installs and maintains network infrastructure, and provides data recovery services」
The optical-fiber broadband setup agency service described previously is not explicitly mentioned in the current year's business and performance description. The IT-related services described include network infrastructure, data recovery and Apartment Wi-Fi. - FY2017-Q3WorsenedAnnual report
「We worked to expand Apartment Wi-Fi, a free Wi-Fi internet service for residents of rental apartment buildings. However, the decline in revenue from the optical-fiber broadband setup agency service, which is contracting as penetration increases, could not be fully offset. Net sales were ¥909 million, down 47.3% year on year, and the segment posted an operating loss of ¥32 million, compared with operating profit of ¥270 million in the same period of the previous year.」
The year-on-year decline in revenue from the optical-fiber broadband setup agency service widened to 47.3%, and the services business turned from operating profit in the same period of the previous year to an operating loss. - FY2017-Q2RestatedAnnual report
「However, the decline in revenue from the optical-fiber broadband setup agency service, which is contracting as penetration increases, could not be fully offset. Net sales were ¥687 million, down 39.7% year on year, and operating profit was ¥17 million, down 89.9%.」
The contraction of the optical-fiber broadband setup agency service and its impact on business performance continue. - FY2017-Q1First statedAnnual report
「However, the decline in revenue from the optical-fiber broadband setup agency service, which is contracting as penetration increases, could not be fully offset. Net sales were ¥385 million, down 32.2% year on year, and operating profit was ¥12 million, down 85.0%.」
The contraction of the existing service has materialized in actual results as declines in net sales and operating profit.