Developing New Businesses into Earnings Pillars
First written in FY2016. 7 of 18 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Total revenue exceeded the same period of the previous year, mainly due to growth in contract manufacturing for client companies and contracted businesses related to vehicle batteries.」
For the new business and non-aftermarket areas, growth in contracted businesses related to vehicle batteries and other operations continued to be identified as a factor behind the increase in revenue. - FY2023AdvancedAnnual report
「In the IoT business, we are developing new products that leverage the IoT technologies cultivated to date, under the theme of integrating vehicle electronic control technology with IoT technology. During the consolidated fiscal year, we launched the CAC Cute product, which uses a Bluetooth-equipped externally mounted device linked to a smartphone to provide accurate lap-time measurement by magnetic sensor and display speed, driving line, and sector times using the smartphone's GPS function during circuit driving. We also launched MAMORU, a vehicle occupant left-behind prevention device certified by the Ministry of Land, Infrastructure, Transport and Tourism that works with a 360° communications-enabled drive recorder and a human-presence sensor to detect when someone has been left behind and issue an abnormality alert through the horn and email.」
Toward monetizing the new business, the company launched CAC Cute, which uses IoT technology, and MAMORU, certified by the Ministry of Land, Infrastructure, Transport and Tourism, advancing its existing IoT and EV initiatives into concrete products. - FY2022AdvancedAnnual report
「In the electric vehicle (EV) sector, ITOCHU Corporation applied as the lead company for the Ministry of the Environment's FY2021 demonstration project for battery-swappable EV development and sector coupling through the use of renewable energy, and we were selected as a joint implementer.」
The area identified as a core source of earnings for the new business took concrete shape through a demonstration project for battery-swappable EV trucks in addition to EV conversions, and the company was selected as a joint implementer. - FY2021AdvancedAnnual report
「As an achievement in the new business, we entered into a strategic collaboration in the EV business with XING Mobility, a Taiwanese EV startup, while advancing the EV conversion business in response to electric vehicles (EVs). In preparation for future demonstration tests, we are also conducting demonstration research on battery-swappable EV trucks with several partner companies.」
The areas identified as core sources of earnings for the new business expanded from a focus on IoT to EV conversions and battery-swappable EV trucks, among others, with specific progress indicated through strategic collaboration and demonstration research. - FY2020IoT business revenue declined due to development delaysAnnual report
「Outside the aftermarket, revenue from both contracted manufacturing and contracted development declined due to factors including production cuts by contracting manufacturers and revisions to development plans, while IoT revenue also declined year on year due to development delays.」
For the IoT-related business identified as a core source of earnings, revenue declined year on year due to development delays. - FY2020-Q3RestatedAnnual report
「Outside the aftermarket business, sales from both contract manufacturing and contract development declined sharply owing to production cuts by commissioning manufacturers, while IoT sales also declined year on year.」
For IoT, which had been identified as a core new business, the year-on-year decline in revenue has continued. - FY2020-Q2RestatedAnnual report
「Outside the aftermarket business, sales from contract manufacturing of engine parts, mufflers and other products increased, while IoT sales declined from the same period of the previous year.」
For IoT, which had been identified as a core new business, the year-on-year decline in revenue has continued. - FY2020-Q1Revenue from contracted IoT development and manufacturing declinedAnnual report
「Outside the aftermarket business, sales from contract manufacturing of engine parts, mufflers and other products increased, while sales from contract development and manufacturing of IoT products, superchargers for personal watercraft and other products declined from the same period of the previous year.」
For the IoT-related business, which had been treated as part of the new business, revenue from contracted development and manufacturing fell below the same period of the previous year. - FY2019SoftenedAnnual report
「Due to a discrepancy in the expected timing of revenue generation from the IoT vehicle communication device business, the core of the new business, the consolidated revenue plan was revised to ¥7,522 million and operating profit to ¥140 million.」
For the IoT vehicle communication device business identified as a core new business, the plan was revised due to a discrepancy in the expected timing of revenue generation, and current-period revenue fell below the previous period's level, when a major contract had been received. - FY2019-Q3RestatedAnnual report
「Sales of IoT in-vehicle communications devices declined compared with the same period of the previous year, when a large contract was received.」
For the IoT vehicle communication devices launched as a new business, the decline in revenue caused by the reversal of the major contract received in the same period of the previous year has continued. - FY2019-Q2RestatedAnnual report
「In addition, revenue from IoT vehicle communication devices declined from the same period of the previous year, when a major contract had been received.」
The decline in IoT vehicle communication device revenue caused by the reversal of the major contract received in the same period of the previous year has continued. - FY2019-Q1IoT vehicle communication device revenue declined following a major contract in the previous yearAnnual report
「In addition, revenue from IoT vehicle communication devices declined from the same period of the previous year, when a major contract had been received.」
Revenue from the IoT vehicle communication devices launched as a new business declined due to the reversal of the major contract received in the same period of the previous year. - FY2018AdvancedAnnual report
「As sales of IoT vehicle communication devices, which began in the current consolidated fiscal year, were strong, total revenue increased from the previous fiscal year.」
For the IoT-related business identified as a core source of earnings for the new business, sales after the launch of IoT vehicle communication devices were strong, and progress was also indicated in HBAS development and order acquisition activities. - FY2018-Q3AdvancedAnnual report
「As sales of IoT vehicle communication devices, which began in the current fiscal year, were strong,」
For the IoT-related business identified as a core source of earnings for the new business, sales of the IoT vehicle communication devices launched during the period were reported to be strong, indicating progress in sales following commercialization. - FY2018-Q2RestatedAnnual report
「As revenue from IoT vehicle communication devices, sales of which began in the current fiscal year, was newly added,」
Revenue from IoT vehicle communication devices, sales of which began in the current fiscal year, continues to be recognized in the IoT-related business. - FY2018-Q1AdvancedAnnual report
「As revenue from IoT vehicle communication devices, sales of which began in the current fiscal year, was newly added,」
For the IoT-related business identified as a core source of earnings for the new business, progress toward commercialization was indicated through the start of sales of IoT vehicle communication devices. - FY2017RestatedAnnual report
「③ We will develop new businesses into a core source of earnings.・We will pursue the full-scale development of IoT-related businesses.・We will pursue greater engine efficiency and develop engine applications outside the automotive sector.・We aim to commercialize initiatives toward the electrification of turbochargers.」
The company reiterated its goal of making new businesses a core source of earnings and identified IoT, greater engine efficiency, engine applications outside the automotive sector, and the electrification of turbochargers as specific areas of focus. - FY2016First statedAnnual report
「We will develop new businesses into a core source of earnings. We will work on the research and development of next-generation technologies.」
The company stated for the first time its goal of making new businesses a core source of earnings and its policy of pursuing research and development of next-generation technologies as the means to achieve it.