Decline in Orders, Sales and Profit Due to Large Projects Running Their Course, Etc.
First written in FY2016-Q3. 1 of 31 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2025.
1 other company's latest entry also says "Other".
- FY2025Full-year growth in orders and revenue, with substantial profit growth continuingAnnual report
「Orders for the fiscal year amounted to ¥63,504 million, up 23.7% year on year, due to strong performance in the power industry and sales of PCs and software to private-sector customers, as well as healthcare business related to medical information systems and disaster prevention and mitigation-related business. Revenue was ¥54,684 million, up 16.9%, due to an increase in new business opportunities resulting from stronger collaboration with Fujitsu Limited and its group companies, strong performance in disaster prevention and mitigation-related business and local-government business, including system standardization, and strong performance in the power industry and sales of PCs and software to private-sector customers. Operating profit was ¥3,428 million, up 83.8% year on year, reflecting higher revenue and improved gross profit margins in the office and solutions segments.」
The increase in orders, revenue and profit that continued from the previous fiscal year expanded on a full-year basis, with orders up 23.7%, revenue up 16.9% and operating profit up 83.8%. - FY2025-H1Continued increases in orders, revenue and profit in the first halfAnnual report
「Orders for the first half amounted to ¥28,362 million, up 19.8% year on year, due to strong performance in sales of PCs and software to the power industry and private-sector customers, as well as the healthcare business. Revenue was ¥27,971 million, up 5.1%, due to strong performance in the healthcare business and sales of PCs and software to private-sector customers. As revenue increased and the gross profit margin also improved, operating profit was ¥2,073 million, up 14.8% year on year, ordinary profit was ¥2,179 million, up 15.4%, and net profit for the first half was ¥1,510 million, up 17.5%.」
The increases in orders, revenue and profit that began in FY2024 continued through the first half, with orders up 19.8%, revenue up 5.1% and operating profit up 14.8%. - FY2024Continued full-year increases in orders, revenue and profitAnnual report
「Orders for the fiscal year amounted to ¥51,321 million, up 21.7% year on year, due to strong performance by disaster prevention and mitigation-related business and sales of PCs and software to private-sector customers. Revenue was ¥46,778 million, up 13.7%, supported by strong performance in the network, office and services segments, as well as contributions from special-demand projects. Operating profit was ¥1,865 million, up 48.0% year on year, ordinary profit was ¥2,059 million, up 44.2%, and net profit was ¥1,428 million, up 47.0%, due to higher revenue.」
The increase in orders, revenue and profit that continued from the previous fiscal year expanded on a full-year basis, with orders up 21.7%, revenue up 13.7% and operating profit up 48.0%. - FY2024-Q2Higher orders, revenue and profit continuedAnnual report
「Orders for the cumulative second quarter amounted to ¥23,681 million, up 22.2% year on year, due to increases in Wi-Fi access point installation projects for retailers and disaster prevention and mitigation and healthcare businesses. The network segment, including Wi-Fi access point installation projects for retailers and healthcare business, increased substantially. In addition, sales of PCs and software to private-sector customers increased, and the services segment, including support desk services, performed well, resulting in revenue of ¥26,604 million, up 13.5% year on year. Operating profit was ¥1,805 million, up 34.9% year on year, ordinary profit was ¥1,888 million, up 33.5%, and net profit for the quarter was ¥1,285 million, up 30.3%, reflecting higher revenue than in the same quarter of the previous year.」
Orders increased 22.2% and revenue increased 13.5%, while operating profit, ordinary profit and net profit for the quarter also increased year on year. The phase of higher orders, revenue and profit that began in FY2023-Q1 continued. - FY2024-Q1First-quarter increase in orders and revenue, with a return to profitabilityAnnual report
「As a result, orders for the cumulative first quarter amounted to ¥11,878 million, up 25.9% year on year, due to increases in Wi-Fi access point installation projects for retailers and disaster prevention and mitigation-related business. Revenue was ¥10,526 million, up 25.3% year on year, due to increases in Wi-Fi access point installation projects for retailers and sales of PCs and software to private-sector customers, as well as strong performance by the services segment, including support desk services. Due to the substantial year-on-year increase in revenue, operating profit was ¥199 million, compared with an operating loss of ¥80 million in the same quarter of the previous year, ordinary profit was ¥253 million, compared with an ordinary loss of ¥36 million, and net profit for the quarter was ¥163 million, compared with a net loss of ¥8 million.」
From the previous year's decline in orders and revenue and loss-making position, the first quarter saw orders increase 25.9% and revenue increase 25.3%, with operating profit, ordinary profit and net profit for the quarter all returning to profitability. - FY2023Full-year increase in orders and revenue, with substantial profit growthAnnual report
「As a result, orders for the fiscal year amounted to ¥42,181 million, up 8.4% year on year, and revenue was ¥41,137 million, up 12.8%. Operating profit was ¥1,260 million, up 224.5% year on year, ordinary profit was ¥1,428 million, up 162.3%, and net profit was ¥971 million, up 196.7%.」
The company shifted from the previous fiscal year's decline in orders, substantial revenue decline and lower profit to full-year increases of 8.4% in orders, 12.8% in revenue and 224.5% in operating profit. - FY2023-Q3Higher orders, higher revenue and substantial profit growthAnnual report
「As a result, orders for the cumulative third quarter amounted to ¥30,848 million, up 9.6% year on year. Revenue was ¥30,794 million, up 12.1% year on year, due to increases in sales of PCs and software service products to local governments and system renewal projects, as well as strong performance by cloud services.」
Orders increased 9.6% year on year and revenue increased 12.1%, marking a shift from the previous fiscal year's decline in orders and revenue to increases in both. Profit also increased substantially. - FY2023-Q2Higher orders, higher revenue and substantial profit growthAnnual report
「As a result, orders for the cumulative second quarter amounted to ¥19,373 million, up 7.1% year on year. Although disaster prevention and mitigation-related business was below the level of the same quarter of the previous year, sales of PCs and software service products to local governments, network construction and other businesses performed well, and revenue increased to ¥23,440 million, up 10.7% year on year, supported also by growth in cloud services. As revenue increased and the gross profit margin also improved, operating profit was ¥1,338 million, up 69.8% year on year, ordinary profit was ¥1,413 million, up 66.7%, and net profit for the quarter was ¥986 million, up 75.2%.」
Orders increased 7.1% and revenue increased 10.7%, while operating profit, ordinary profit and net profit for the quarter also increased substantially year on year. - FY2023-Q1Higher orders, higher revenue and narrower lossesAnnual report
「As a result, orders for the cumulative first quarter amounted to ¥9,433 million, up 5.5% year on year. Revenue was ¥8,400 million, up 3.5% year on year, due to increases in the office segment from the installation of PCs for local governments and sales of network-related equipment, and in the services segment from the expansion of cloud services, including SaaS. As revenue increased and the gross profit margin also improved, operating loss was ¥80 million, compared with ¥182 million in the same quarter of the previous year, ordinary loss was ¥36 million, compared with ¥135 million, and net loss for the quarter was ¥8 million, compared with ¥107 million.」
Orders increased 5.5% year on year and revenue increased 3.5%, while operating, ordinary and net losses all narrowed from the levels recorded in the same quarter of the previous year. - FY2022Lower orders, substantial revenue decline and lower profit due to the loss of major projects and the completion of project cyclesAnnual report
「As a result, orders for the fiscal year amounted to ¥38,902 million, down 2.9% year on year, and revenue was ¥36,472 million, compared with ¥43,386 million in the previous fiscal year. Operating profit was ¥388 million, compared with ¥1,521 million in the previous fiscal year, ordinary profit was ¥544 million, compared with ¥1,657 million, and net profit was ¥327 million, compared with ¥1,108 million.」
Orders, revenue and profit declined substantially from the previous fiscal year due to the loss of major disaster prevention and mitigation projects, system renewal projects for automobile dealerships and GIGA School-related projects, as well as the completion of their project cycles. - FY2022-Q3Lower orders, substantial revenue decline and lower profitAnnual report
「As a result, orders for the cumulative third quarter amounted to ¥28,151 million, down 8.4% year on year, due to extensions caused by expected delivery delays and a decrease in system renewal projects. Revenue was ¥27,472 million, compared with ¥33,866 million in the same quarter of the previous year. Although the services segment, including the support desk and software support services, increased steadily, revenue was affected by declines in system renewal projects and disaster prevention and mitigation-related projects, as well as delivery delays. Despite efforts to maintain selling, general and administrative expenses, operating profit was ¥272 million, compared with ¥1,666 million in the same quarter of the previous year, ordinary profit was ¥400 million, compared with ¥1,787 million, and net profit for the quarter was ¥241 million, compared with ¥1,206 million, due to the substantial year-on-year decline in revenue and deterioration in the gross profit margin.」
Following the increase in orders, revenue and profit through the previous fiscal year, orders and revenue declined substantially due to expected delivery delays and a decrease in projects, and all profit figures also declined. - FY2022-Q2Lower orders, lower revenue and lower profitAnnual report
「As a result, orders for the cumulative second quarter amounted to ¥18,091 million, down 15.2% year on year, due to extensions caused by expected delivery delays and a decrease in system renewal projects. Revenue was ¥21,169 million, compared with ¥26,788 million in the same quarter of the previous year. Although the services segment, including software support services, increased steadily, revenue was affected by declines in disaster prevention and mitigation-related projects and system renewal projects, as well as delivery delays. Operating profit was ¥788 million, ordinary profit was ¥848 million and net profit for the quarter was ¥563 million.」
Following the increase in orders, revenue and profit through the same quarter of the previous year, orders and revenue declined due to expected delivery delays and a decrease in system renewal projects and other projects. Operating profit and the other profit figures also declined from ¥1,916 million, ¥1,972 million and ¥1,346 million in the same quarter of the previous year. - FY2022-Q1Lower orders, flat revenue, losses widenedAnnual report
「As a result, orders received in the cumulative first quarter totaled ¥8,939 million, down 21.3% from the same quarter of the previous year, owing in part to a decline in the solutions segment accompanying a decrease in system development projects. Revenue totaled ¥8,116 million, compared with ¥8,119 million in the same quarter of the previous year, owing in part to the application of the accounting standard for revenue recognition.」
Following the increase in orders and revenue through the same quarter of the previous year, orders declined 21.3% year on year due to a decrease in system development projects and other factors, while revenue was ¥8,116 million, roughly unchanged from the same quarter of the previous year. Losses also widened. - FY2021-Q3Lower orders, higher revenue, substantial profit growthAnnual report
「As a result, orders received in the cumulative third quarter declined 5.9% year on year to ¥30,731 million. However, initiatives to meet demand for digitalization aimed at disaster prevention and mitigation in the public sector, including local governments and government agencies, continued to perform steadily. Revenue for the third quarter increased 11.4% year on year to ¥7,077 million, lifting cumulative third-quarter revenue 10.6% year on year to ¥33,866 million. As described above, strong third-quarter revenue increased cumulative revenue and, together with an improved gross margin, resulted in operating profit of ¥1,666 million (up 97.3% year on year), ordinary profit of ¥1,787 million (up 82.3% year on year) and quarterly net income of ¥1,206 million (up 87.3% year on year).」
Orders received changed from growth in the previous quarter to a 5.9% year-on-year decline, while revenue increased 10.6% and operating profit increased 97.3%, resulting in higher revenue and substantial profit growth. - FY2021-Q2Higher orders, revenue and profit continuedAnnual report
「As a result, in the cumulative second quarter, initiatives to provide disaster-prevention administrative radio systems, river information network implementation services and other offerings to meet demand for digitalization aimed at disaster prevention and mitigation, particularly among local governments and government agencies, performed steadily. Orders received totaled ¥21,335 million (up 2.2% from the same quarter of the previous year), and revenue totaled ¥26,788 million (up 10.4%). Continued efforts to maintain the gross margin resulted in operating profit of ¥1,916 million (up 52.6% year on year), ordinary profit of ¥1,972 million (up 51.1% year on year) and quarterly net income of ¥1,346 million (up 50.5% year on year).」
Growth in orders and revenue and substantial profit growth continued, with orders received up 2.2%, revenue up 10.4% and operating profit up 52.6%. - FY2020Full-year growth in orders and revenue, profit growth continuedAnnual report
「As a result, orders received for the fiscal year totaled ¥43,341 million (up 8.8% year on year), and revenue totaled ¥40,358 million (up 3.8% year on year). Operating profit was ¥943 million (up 21.5% year on year), ordinary profit was ¥1,089 million (up 23.2% year on year), and net income was ¥706 million (up 27.6% year on year).」
The increases in orders, revenue and profit seen at the quarterly stage were also confirmed for the full year, with orders received up 8.8%, revenue up 3.8% and operating profit up 21.5%. - FY2020-Q3Higher orders and revenue, substantial profit growth continuedAnnual report
「As a result, orders received in the cumulative third quarter totaled ¥32,655 million, up ¥4,139 million, or 14.5%, from the same quarter of the previous year, owing to steady performance in disaster-prevention administrative radio projects, government and municipal business, and system development-related business. Revenue totaled ¥30,622 million, up ¥3,713 million, or 13.8%, owing to steady performance in disaster-prevention administrative radio projects, government and municipal business, and system renewals for automobile dealers. Higher revenue from the same quarter of the previous year and efforts to maintain the gross margin resulted in operating profit of ¥844 million (up 368.1% year on year), ordinary profit of ¥980 million (up 270.6% year on year) and quarterly net income of ¥644 million (up 354.7% year on year).」
Orders received increased 14.5% and revenue increased 13.8%, while operating profit, ordinary profit and quarterly net income also increased substantially from the same quarter of the previous year. The previous quarter's condition of higher orders and revenue with substantial profit growth continued. - FY2020-Q2Higher orders and revenue, substantial profit growthAnnual report
「Orders received in the cumulative second quarter totaled ¥20,874 million, up ¥2,475 million, or 13.5%, from the same quarter of the previous year, owing to steady performance in disaster-prevention administrative radio projects, government and municipal business, and system development-related business. Revenue totaled ¥24,267 million, up ¥4,162 million, or 20.7%, owing to steady performance in disaster-prevention administrative radio projects, government and municipal business, and system renewals for automobile dealers. Efforts to maintain the gross margin resulted in operating profit of ¥1,256 million (up 98.3% year on year), ordinary profit of ¥1,305 million (up 94.3% year on year) and quarterly net income of ¥895 million (up 104.4% year on year).」
Strong performance in disaster-prevention administrative radio systems, government and municipal business, system development-related business and system renewals for automobile dealers resulted in a 13.5% increase in orders received, a 20.7% increase in revenue and substantial growth in each profit measure. - FY2020-Q1Higher orders and revenue, losses narrowedAnnual report
「As a result, orders received in the cumulative first quarter totaled ¥10,986 million, up ¥2,236 million, or 25.6%, from the same quarter of the previous year, owing to steady performance in municipal business, disaster-prevention-related business and system development-related business. Revenue totaled ¥7,935 million, up ¥1,707 million, or 27.4%, from the same quarter of the previous year, owing to system renewals for automobile dealers, replacement demand following the end of Windows 7 support, and system modification projects related to the reduced tax rate. Operating loss was ¥250 million (same quarter of the previous year: ¥368 million), ordinary loss was ¥209 million (same quarter of the previous year: ¥345 million), and quarterly net loss was ¥144 million (same quarter of the previous year: ¥253 million).」
Orders received increased 25.6% and revenue increased 27.4%, while the operating loss and other losses narrowed from the same quarter of the previous year. This marked a new condition of higher orders and revenue with narrower losses, following the previous theme of business fluctuations including the completion and follow-on decline of major projects. - FY2019Full-year growth in orders and revenue, operating profit returned to the blackAnnual report
「As a result, orders received for the fiscal year totaled ¥39,852 million (up 7.7% year on year), and revenue totaled ¥38,880 million (up 11.0% year on year). Operating profit was ¥776 million (same period of the previous year: operating loss of ¥178 million).」
For the full year, orders received increased 7.7% and revenue increased 11.0%, while operating profit changed from a loss to a profit of ¥776 million. - FY2019-Q3Higher orders and revenue, operating profit returned to the blackAnnual report
「Orders received in the cumulative third quarter totaled ¥28,516 million, up ¥1,905 million, or 7.2%, from the same quarter of the previous year, owing in part to steady municipal business, disaster-prevention administrative radio systems and healthcare business. Revenue totaled ¥26,909 million, up ¥508 million, or 1.9%, from the cumulative period of the previous year. This was despite a follow-on decline from major projects recognized in the previous cumulative period, as replacement demand following the end of Windows 7 support and other factors contributed to growth. Operating profit was ¥180 million (same quarter of the previous year: operating loss of ¥240 million), ordinary profit was ¥264 million (same quarter of the previous year: ordinary loss of ¥137 million), and quarterly net income was ¥141 million (up 140.1% year on year), owing in part to rigorous project progress management, efforts to eliminate cost overruns and improved profitability.」
Orders received increased 7.2% on municipal business, disaster-prevention administrative radio systems and healthcare business, among others, while replacement demand related to Windows 7 helped revenue increase 1.9% despite the follow-on decline from major projects. Operating profit and ordinary profit changed from losses in the same period of the previous year to profits. - FY2019-Q2Higher orders, slight revenue decline, profit increasedAnnual report
「Orders received in the cumulative second quarter totaled ¥18,399 million, up ¥322 million, or 1.8%, from the same quarter of the previous year, owing in part to steady municipal and healthcare businesses. Revenue totaled ¥20,104 million, down ¥116 million, or 0.6%, from the same quarter of the previous year. Although standalone equipment sales performed steadily, this was offset by a follow-on decline from the major projects recognized in the cumulative period of the previous year. Efforts to maintain the gross margin resulted in operating profit of ¥633 million (up 48.3% year on year), ordinary profit of ¥671 million (up 36.8% year on year) and quarterly net income of ¥437 million (up 40.8% year on year).」
Orders received increased 1.8% on municipal and healthcare businesses, among others, while revenue declined 0.6% owing to the follow-on effect of major projects. Maintaining the gross margin increased operating profit and other profit measures year on year. - FY2019-Q1Higher orders, follow-on revenue decline, losses continuedAnnual report
「As a result, orders received in the cumulative first quarter totaled ¥8,749 million, up ¥654 million, or 8.1%, from the same quarter of the previous year, owing to the acquisition of major projects for central monitoring systems and digital disaster-prevention administrative radio systems, as well as steady standalone equipment sales. Revenue totaled ¥6,228 million, down ¥1,417 million, or 18.5%, from the same quarter of the previous year, owing to a follow-on decline from the major projects recognized in the same quarter of the previous year.」
Orders received increased 8.1% year on year following the acquisition of major projects, while revenue declined 18.5% owing to the follow-on effect of major projects in the same period of the previous year. The operating loss, ordinary loss and quarterly net loss continued. - FY2018Higher orders, lower revenue, full-year operating lossAnnual report
「As a result, orders received for the fiscal year totaled ¥37,009 million (up 6.1% year on year), while revenue totaled ¥35,036 million (down 2.5% year on year). Operating loss was ¥178 million (same period of the previous year: operating profit of ¥346 million), ordinary loss was ¥50 million (same period of the previous year: ordinary profit of ¥474 million), and net income was ¥98 million (down 70.7% year on year).」
Orders received increased 6.1% year on year, while revenue declined 2.5%, and operating profit and ordinary profit changed to losses. - FY2018-Q3Higher orders, lower revenue, operating loss due to discontinued development projectAnnual report
「As a result, orders received in the cumulative third quarter totaled ¥26,610 million, up ¥1,054 million, or 4.1%, from the same quarter of the previous year. Revenue totaled ¥26,400 million, down ¥1,384 million, or 5.0%, from the same quarter of the previous year, as steady public-sector business in the electronic equipment and office equipment segments was offset by the postponement of renewal projects for existing systems and sluggish performance in disaster-prevention administrative radio systems and other products in the communications equipment segment.」
Orders received increased 4.1% year on year, while revenue declined 5.0%. Operating profit changed from ¥414 million in the same period of the previous year to an operating loss of ¥240 million. In addition to higher orders and lower revenue, costs were recognized in connection with discontinuing work on a development project. - FY2018-Q2Higher orders, lower revenue, profit down due to intensified competitionAnnual report
「Orders received in the cumulative second quarter totaled ¥18,076 million, up ¥763 million, or 4.4%, from the same quarter of the previous year. Revenue totaled ¥20,221 million, down ¥1,269 million, or 5.9%, from the same quarter of the previous year, as steady public-sector business in the electronic equipment segment was offset by sluggish performance in disaster-prevention administrative radio systems and other products in the communications equipment segment. Despite efforts to reduce selling, general and administrative expenses, lower revenue and a deterioration in the gross margin due in part to intensified competition resulted in operating profit of ¥427 million (down 56.1% year on year), ordinary profit of ¥491 million (down 52.3% year on year) and quarterly net income of ¥310 million (down 60.1% year on year).」
Orders received increased 4.4% from the same quarter of the previous year, while revenue declined 5.9%. Despite the benefits of lower selling, general and administrative expenses, operating profit, ordinary profit and quarterly net income all declined substantially owing to the deterioration in the gross margin. - FY2018-Q1Losses widened despite higher revenueAnnual report
「As a result, orders received in the cumulative first quarter totaled ¥8,095 million, up ¥218 million, or 2.8%, from the same quarter of the previous year. Revenue totaled ¥7,645 million, up ¥914 million, or 13.6%, owing in part to growth in public-sector business in the electronic equipment segment. Despite higher revenue, the deterioration in the gross margin caused by intensified competition and other factors resulted in an operating loss of ¥372 million, an ordinary loss of ¥340 million and a quarterly net loss of ¥250 million.」
Orders received increased 2.8% and revenue increased 13.6%, while the operating loss, ordinary loss and quarterly net loss all widened from the same period of the previous year. The business shifted from declining revenue following the completion of major projects to widening losses amid higher revenue and intensified competition. - FY2017-Q3Higher orders, slight revenue decline, operating profit down due to development cost overrunsAnnual report
「Orders received in the cumulative third quarter totaled ¥25,556 million, up ¥749 million, or 3.0%, from the same quarter of the previous year, as the public-sector business performed steadily during the quarter. Revenue totaled ¥27,785 million, down ¥50 million, or 0.2%, from the same quarter of the previous year, despite the recognition of major disaster-prevention business projects. Operating profit declined to ¥414 million (down 9.3% year on year) owing in part to cost overruns on certain system development projects during the third quarter, but the recognition of extraordinary gains from the sale of fixed assets resulted in ordinary profit of ¥505 million (down 7.1% year on year) and quarterly net income of ¥376 million (up 29.2% year on year).」
Orders received increased 3.0% year on year on public-sector business, while revenue declined 0.2% despite the recognition of major disaster-prevention projects. Operating profit and ordinary profit declined owing in part to cost overruns on system development projects, but quarterly net income increased 29.2% on gains from the sale of fixed assets. - FY2017-Q2Profit increased despite continued revenue declinesAnnual report
「Orders received in the cumulative second quarter totaled ¥17,312 million, down ¥12 million, or 0.1%, from the same quarter of the previous year. Revenue totaled ¥21,490 million, down ¥886 million, or 4.0%, from the same quarter of the previous year, despite growth in apparel solutions and the recognition of major disaster-prevention business projects, owing to the completion of discussions on the digitization of fire and emergency radio systems. Although revenue declined, operating profit was ¥971 million (up 5.5% year on year), ordinary profit was ¥1,030 million (up 5.5% year on year), and quarterly net income was ¥778 million (up 40.7% year on year), owing to lower outsourcing costs as in-house production advanced during the second quarter and the recognition of extraordinary gains from the sale of fixed assets.」
While the completion of discussions on the digitization of fire and emergency radio systems continued to reduce orders received and revenue, operating profit, ordinary profit and quarterly net income increased year on year. This marked a shift from the previous trend of declining profit to profit growth despite lower revenue. - FY2017-Q1WorsenedAnnual report
「Orders received in the cumulative first quarter totaled ¥7,876 million, down ¥867 million, or 9.9%, from the same quarter of the previous year. Revenue totaled ¥6,731 million, as growth in the education and apparel solutions businesses was offset by the completion of discussions on the digitization of fire and emergency radio systems, resulting in a decline of ¥743 million, or 10.0%, from the same quarter of the previous year.」
The completion of discussions on the digitization of fire and emergency radio systems continued to weigh on revenue, resulting in year-on-year declines in orders received and revenue. The operating loss increased from ¥239 million to ¥308 million, and the quarterly net loss from ¥152 million to ¥210 million, from the same quarter of the previous year. - FY2016-Q3First statedAnnual report
「Orders received totaled ¥24,806 million, down ¥9,042 million, or 26.7%, from the same quarter of the previous year. This was despite major projects involving disaster-prevention administrative radio systems and the solutions business, as discussions on the digitization of fire and emergency radio systems and system renewals for automobile dealers had largely run their course, and the power business declined. Revenue totaled ¥27,836 million, down ¥6,616 million, or 19.2%, from the same quarter of the previous year, owing to a substantial decline from the second quarter onward in projects related to the digitization of fire and emergency radio systems, the completion of system projects for automobile dealers, and a decline in the power business.」
Orders received and revenue declined year on year against a backdrop of completed major projects and a decline in the power business. Operating profit of ¥456 million, ordinary profit of ¥544 million and quarterly net income of ¥291 million also declined year on year.