Deterioration in overseas food-service profitability due to protests in Hong Kong and other factors
First written in FY2020-Q3. 1 of 2 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020.
Watami moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 6 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「Revenue and profit both declined sharply due to the impact of consolidating Shanghai and Shenzhen and the impact of protests centred in the Hong Kong area. As a result, revenue in the overseas food-service business was ¥6,725 million, or 97.7% of the previous fiscal year, and the segment loss was ¥389 million, compared with segment profit of ¥161 million in the previous fiscal year.」
The impacts of consolidating Shanghai and Shenzhen and protests centred in the Hong Kong area became apparent over the full fiscal year, and the overseas food-service business turned from profit in the previous fiscal year to a loss of ¥389 million. - FY2020-Q3MaterialisedAnnual report
「Revenue and profit both declined sharply due to the impact of consolidating Shanghai and Shenzhen and the impact of protests centred in the Hong Kong area. As a result, revenue in the overseas food-service business was ¥5,079 million, or 94.7% of the year-earlier period, and the segment loss was ¥153 million, compared with segment profit of ¥139 million in the year-earlier period.」
The impacts of consolidating Shanghai and Shenzhen and protests centred in the Hong Kong area were reflected in the overseas food-service business’s revenue and profitability, with the business turning from profit in the year-earlier period to a loss. These facts are described as new risks.