Review of PAGO’s Unprofitable Products and Operating Loss

「Tack labels generated revenue of ¥5,733 million, down 20.9% year on year and 19.8% on a local-currency basis. Operating loss was ¥535 million, compared with an operating loss of ¥245 million in the same period of the previous year.」

「Tack labels generated revenue of ¥3,649 million, down 26.3% year on year and 23.2% on a local-currency basis. Operating loss was ¥467 million, compared with an operating loss of ¥115 million in the same period of the previous year.」

「Tack labels generated revenue of ¥1,987 million, down 24.7% year on year and 21.5% on a local-currency basis. Operating loss was ¥191 million, compared with an operating loss of ¥6 million in the same period of the previous year.」

「(PAGO) Revenue was slightly below the previous year on a local-currency basis. In terms of earnings, the Company pursued initiatives aimed at achieving its medium-term management plan, but operating loss continued because sales remained sluggish. As a result, revenue was ¥7.252 billion, down 8.2% year on year, or 2.1% on a local-currency basis, while operating loss was ¥245 million, compared with an operating loss of ¥208 million in the same period of the previous year.」

「In terms of earnings, the Company pursued initiatives aimed at achieving its medium-term management plan, but operating loss continued because sales remained at approximately the previous year's level. As a result, revenue was ¥4.952 billion, down 5.4% year on year, or up 0.1% on a local-currency basis, while operating loss was ¥115 million, compared with an operating loss of ¥223 million in the same period of the previous year.」

「(PAGO) Tack labels generated revenue of ¥2.639 billion, down 2.8% year on year but up 3.4% on a local-currency basis. In terms of earnings, operating loss was ¥6 million, compared with an operating loss of ¥153 million in the same period of the previous year.」

「(PAGO) Tack labels generated revenue of ¥11.094 billion, down 4.1% year on year, or 6.8% on a local-currency basis. In terms of earnings, operating loss was ¥87 million, compared with an operating loss of ¥690 million in the previous fiscal year.」

「(PAGO) Tack labels generated revenue of ¥7.902 billion, down 5.1% year on year, or 9.6% on a local-currency basis. In terms of earnings, operating loss was ¥208 million, compared with an operating loss of ¥572 million in the same period of the previous year.」

「(PAGO) Tack labels generated revenue of ¥5.233 billion, down 6.9% year on year, or 13.9% on a local-currency basis. In terms of earnings, operating loss was ¥223 million, compared with an operating loss of ¥298 million in the same period of the previous year.」

「(PAGO) Tack labels generated revenue of ¥2.714 billion, down 8.8% year on year, or 17.1% on a local-currency basis. In terms of earnings, operating loss was ¥153 million, compared with an operating loss of ¥135 million in the same period of the previous year, due to lower sales.」

「(PAGO) Tack labels generated revenue of ¥12.450 billion, up 4.2% year on year but down 1.1% on a local-currency basis. In terms of earnings, operating loss was ¥942 million, compared with an operating loss of ¥1.346 billion in the previous fiscal year, due mainly to lower revenue.」

「Tack labels generated revenue of ¥8.973 billion, down 1.8% year on year, or 4.6% on a local-currency basis. In terms of earnings, operating loss was ¥744 million, compared with an operating loss of ¥1.101 billion in the same period of the previous year, due mainly to lower revenue.」

「Tack labels generated revenue of ¥6.058 billion, down 6.3% year on year, or 4.1% on a local-currency basis. In terms of earnings, operating loss was ¥413 million, compared with an operating loss of ¥802 million in the same period of the previous year, due mainly to lower revenue.」

「Tack labels generated revenue of ¥3.194 billion, up 0.2% year on year, or 5.3% on a local-currency basis. In terms of earnings, operating loss was ¥189 million, compared with an operating loss of ¥452 million in the same period of the previous year, due mainly to higher sales.」

「(PAGO) Tack labels generated revenue of ¥11.947 billion, down 24.0% year on year, or 15.1% on a local-currency basis, due to the review of unprofitable products and other factors. In terms of earnings, operating loss was ¥1.346 billion, compared with an operating loss of ¥933 million in the previous fiscal year, due mainly to lower revenue.」

「Tack labels generated revenue of ¥9.140 billion, down 21.1% year on year, or 12.2% on a local-currency basis, due to the review of unprofitable products and other factors. In terms of earnings, operating loss was ¥1.101 billion, compared with an operating loss of ¥734 million in the same period of the previous year, due mainly to lower revenue.」

「Tack labels generated revenue of ¥6.464 billion, down 17.6% year on year, or 11.3% on a local-currency basis, due to the review of unprofitable products and other factors. In terms of earnings, operating loss was ¥802 million, compared with an operating loss of ¥479 million in the same period of the previous year, due mainly to lower revenue.」

「Tack labels generated revenue of ¥3.186 billion, down 18.9% year on year, or 14.6% on a local-currency basis, due to the review of unprofitable products and other factors. In terms of earnings, operating loss was ¥452 million, compared with an operating loss of ¥300 million in the same period of the previous year, due mainly to lower revenue.」