Improving Profitability Through the Reorganization of the Information and Communications Business
First written in FY2018-Q3. 2 of 10 entries say "Restated". Latest entry: FY2021-Q1.
0 other companies' latest entry also says "Reframed".
- FY2021-Q1ReframedAnnual report
「From the three months ended the first quarter, Information & Communications has been included in the Other segment.」
The Information & Communications business was changed from an independent reportable segment to a classification included in Other, and segment information for the first quarter of the previous fiscal year is also presented under the revised classification. - FY2020Returned to a full-year lossAnnual report
「During the fiscal year, product demand for commercial printing declined due to the impact of COVID-19. As a result, consolidated net sales for the fiscal year were ¥6,233 million, down 10.3% year on year, while the segment loss (operating loss) was ¥377 million, compared with segment profit (operating profit) of ¥5,463 million in the previous fiscal year.」
Amid efforts to improve profitability following the restructuring, the Information & Communications business was affected by lower commercial printing demand resulting from COVID-19 and recorded a full-year operating loss of ¥377 million. - FY2020-Q3COVID-19-driven revenue decline and continuing cumulative lossesAnnual report
「During the third quarter of the current fiscal year, demand for commercial printing products decreased due to the impact of COVID-19. As a result, consolidated net sales for the third quarter of the current fiscal year were ¥4,382 million, down 10.6% year on year, and the segment loss (operating loss) was ¥275 million, compared with segment profit (operating profit) of ¥5,429 million in the same quarter of the previous year.」
The Information & Communications business recorded a cumulative operating loss of ¥275 million due to lower commercial printing demand resulting from COVID-19. - FY2020-Q2Demand declined after restructuring, resulting in a cumulative lossAnnual report
「During the second quarter of the current fiscal year, demand for commercial printing products decreased due to the impact of COVID-19. As a result, consolidated net sales for the second quarter of the current fiscal year were ¥3,148 million, down 6.3% year on year, and the segment loss (operating loss) was ¥98 million, compared with segment profit (operating profit) of ¥515 million in the same quarter of the previous year.」
Following quarterly profitability in the previous quarter, the Information & Communications business recorded an operating loss of ¥98 million for the six months ended the second quarter due to lower commercial printing demand resulting from COVID-19. - FY2020-Q1Quarterly profitability after restructuring, but profit declinedAnnual report
「During the nine months ended the first quarter, product demand entered its peak season and remained firm. As a result, consolidated net sales for the nine months ended the first quarter were ¥1,947 million, up 3.1% year on year, while segment profit (operating profit) was ¥32 million, down 95.0% year on year.」
Following the business restructuring in January 2019, demand in the Information & Communications business remained firm during the peak season, resulting in quarterly operating profit of ¥32 million. However, profit declined 95.0% year on year. - FY2019-Q3Sales decline continues after restructuring, but losses narrowAnnual report
「During the nine months ended the third quarter, net sales declined year on year due to the impact of the business restructuring carried out in January 2019. During the three months ended the third quarter, product demand also declined due to seasonal factors. As a result, consolidated net sales for the nine months ended the third quarter were ¥5,063 million, down 49.2% year on year. EBITDA was negative ¥114 million, compared with negative ¥260 million in the same period of the previous year, and the segment loss (operating loss) was ¥215 million, compared with a segment loss (operating loss) of ¥431 million in the same period of the previous year.」
Net sales fell 49.2% year on year due to the impact of the business restructuring in January 2019, while the operating loss narrowed from ¥431 million in the previous year to ¥215 million. - FY2019-Q2RestatedAnnual report
「During the cumulative six-month consolidated accounting period, sales decreased year on year due to the impact of the business restructuring in January 2019. In addition, during the second quarter consolidated accounting period, seasonal factors reduced demand and weighed on business profitability. As a result, consolidated net sales for the cumulative six-month period amounted to ¥3,601 million, down 48.5% year on year, EBITDA was negative ¥65 million, and segment loss (operating loss) amounted to ¥133 million.」
The impact of the January 2019 business restructuring continued, and Information and Communications sales fell 48.5% year on year. Meanwhile, operating loss narrowed from ¥245 million in the same period of the previous year to ¥133 million. - FY2019-Q1RestatedAnnual report
「日本写真印刷コミュニケーションズ㈱ transferred the Tokyo-area business, comprising the Tokyo-area commercial territory and its business platform, excluding certain operations, to a new company, 共同日本写真印刷㈱, through an absorption-type company split (abbreviated company split) dated 7 January 2019, and transferred 90% of the shares in that company to Kyodo Printing Co.,Ltd.」
The restructuring of the Information and Communications business carried out on 7 January 2019 involved an absorption-type company split of the Tokyo-area business and the transfer of 90% of it to Kyodo Printing Co.,Ltd. - FY2018AchievedAnnual report
「Information and Communications completed a business reorganization on 7 January 2019 aimed at improving business earnings.」
The restructuring of the Information and Communications business announced in September 2018 was completed on 7 January 2019. - FY2018-Q3First statedAnnual report
「Information and Communications announced business restructuring measures aimed at improving business profitability on 4 September 2018. The restructuring was scheduled to begin operations on 7 January 2019.」
Information and Communications announced business restructuring measures aimed at improving profitability and indicated that operations were scheduled to begin on 7 January 2019.