Icom (6820) · FactMitigated
Domestic segment profit pressured by low margins on large government contract bids
First written in FY2023-Q1. 1 of 3 entries say "Dropped", first in FY2023-Q2. Latest entry: FY2024-Q3.
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Domestic segment profit pressured by low margins on large government contract bidsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2024-Q3MitigatedAnnual report
「In terms of profit, operating profit was ¥2,949 million, up 80.5% year on year, as the positive effect of higher revenue and the fading impact of the large previous-period tender for aviation radio communications equipment for government customers, which had reduced the margin, more than offset the increase in selling, general and administrative expenses, including higher personnel expenses.」
As the adverse impact of the previous period’s large government tender, which had reduced margins, faded in the current period, the positive effect of higher revenue more than offset the increase in SG&A expenses, resulting in an 80.5% year-on-year increase in operating profit in the Japan segment. - FY2023-Q2DroppedAnnual reportThis filing does not explicitly state that the low margin on a large government tender pressured domestic segment profit. It does state that sales increased due to deliveries under a large tender for aviation radio communications equipment.
- FY2023-Q1First statedAnnual report
「In terms of profit, the low margin on a large tender resulted in operating profit of ¥173 million, down 56.0% year on year.」
For the first time, the disclosure independently identifies the business fact that, although the company won a large tender for a domestic government contract, the low margin on the project resulted in a 56.0% year-on-year decrease in operating profit in the Japan segment.