Komori
Osg Corporation (6757) · InitiativeRestated

Transfer of the Supplier Plant and Promotion of Web Marketing

First written in FY2020-Q2. 3 of 5 entries say "Restated". Latest entry: FY2022-Q2.

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ProgressHeldSoftenedWorseRestatedFY2020-Q2 – FY2020AdvancedFY20212019: 220192020: 120202021: 22021
Same theme, other companies
Transfer of the supply structure and online promotions in the HOD water-delivery businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2022-Q2RestatedAnnual report

    「In the HOD (home-delivery water) business, bottled-water volumes increased as households used the product more frequently due to requests to refrain from going out. However, revenue recognized from sanitizing water at the time of bottled-water exchange declined in the first half, and the results of aggressive web promotion led to revenue of ¥679.197 million, down 3.0% year on year, and operating profit of ¥35.208 million, down 46.8%.」

    Although active web promotion continued, the HOD business reported lower revenue and lower profit due mainly to a decline in revenue recognized from disinfecting water sales.
  2. FY2021AdvancedAnnual report

    「The new plant's operation, a review of delivery efficiency and online sales initiatives resulted in sales of ¥1,380.708 million, up 1.0% year on year, and operating profit of ¥112.061 million, up 54.0%.」

    Moving beyond the previous explanation of higher costs from supplier transfers and web promotion, the company has advanced to an operating model using new plants, a review of delivery efficiency and online sales, and is reporting higher profits.
  3. FY2020RestatedAnnual report

    「As a result of the partial transfer of the supplier plant for bottled water and increased promotional expenses associated with the active expansion of web promotion, revenue was ¥1,366,373 thousand, up 0.9% year on year, and operating profit was ¥72,769 thousand, down 28.8%.」

    Reaffirming the explanation that the partial transfer of a supplier plant and increased promotional expenses associated with web promotion affected the full-year results of the HOD business.
  4. FY2020-Q3RestatedAnnual report

    「In the HOD (home-delivery water) business, the company focused on training sales employees and supporting existing franchisees, resulting in an increase in franchisee users. However, revenue was ¥1,079.718 million, down 1.1% year on year, and operating profit was ¥69.771 million, down 32.1%, due to the partial transfer of the plant supplying bottled water and higher promotional expenses associated with the aggressive promotion of web marketing.」

    Reaffirming the explanation that increased promotional expenses associated with the partial transfer of a supplier plant and the expansion of web promotion affected the HOD business results.
  5. FY2020-Q2First statedAnnual report

    「As a result of the partial transfer of the supplier plant for bottled water and increased promotional expenses associated with the active expansion of web promotion, revenue was ¥742,811 thousand, down 1.2% year on year, and operating profit was ¥73,777 thousand, down 8.2%.」

    In the HOD business, reporting the partial transfer of a supplier plant and web promotion as new operating elements, together with higher promotional expenses and declines in revenue and operating profit.
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