Profit Growth in the Infrastructure Business from Winning High-Margin Projects
First written in FY2018-Q2. 6 of 13 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026-H1.
Kanaden moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「As a result, the segment reported a ¥5,378 million increase in revenue, while ordinary profit increased by ¥201 million.」
The infrastructure business improved from lower profit due to large, low-margin projects in the previous fiscal year, posting higher revenue and a ¥201 million increase in profit in the current interim period. - FY2025-H1WorsenedAnnual report
「As a result, the segment reported a ¥707 million increase in revenue, but ordinary profit declined by ¥76 million because large-scale projects with low profit margins accounted for a high proportion of the business.」
The infrastructure business's profit trend changed from the previous increase driven by high-margin projects to lower profit due to a project mix weighted toward large, low-margin projects. - FY2023-Q1WorsenedAnnual report
「As a result, the segment reported a ¥1,612 million decline in revenue, while ordinary profit declined by ¥59 million.」
The infrastructure business changed from a period of higher profit driven by large projects and other factors to lower revenue and lower profit, against a backdrop of lost or postponed projects in the transportation field and restrained capital investment. - FY2021-Q3WorsenedAnnual report
「In the social systems field, government business remained steady, but declined as large projects from the previous fiscal year dropped out. Projects related to solar power generation, including megasolar projects, in the renewable energy business also declined.」
In the infrastructure business, the loss of large projects from the previous fiscal year and the continued decline in solar power generation projects resulted in a ¥152 million decrease in ordinary profit. - FY2021-Q2WorsenedAnnual report
「As a result, the segment reported a 21.1% decline in revenue, while ordinary profit declined by ¥8 million.」
The infrastructure business changed from a period of higher profit driven by large projects to lower revenue and lower profit. - FY2021-Q1The factor behind higher profit changed to LED projectsAnnual report
「As a result, the segment reported a 12.9% decline in revenue. Ordinary profit, however, increased by ¥47 million, as strong performance in LED lighting projects for railway operators more than offset the low-profit large-scale substation and power distribution equipment project that rolled off from the previous fiscal year.」
The factor behind higher profit in the infrastructure business was described as strong performance in LED lighting projects for railway operators, rather than the high-margin projects cited previously. - FY2020AdvancedAnnual report
「The infrastructure business posted profit of ¥562 million, up 34.0% year on year, due to an increase in large projects.」
The infrastructure business's profit increase from large projects became evident on a full-year basis, with ordinary profit up 34.0% year on year. - FY2020-Q2MitigatedAnnual report
「As a result, the segment reported substantial revenue growth of 49.0%, while ordinary profit increased by ¥33 million.」
After a period of lower profit due to a decline in high-margin projects in the previous fiscal year, the infrastructure business posted a ¥33 million increase in profit for the cumulative period of the current quarter. - FY2019WorsenedAnnual report
「The infrastructure business posted profit of ¥419 million, down 28.9% year on year, due to a decline in high-margin projects.」
The infrastructure business, which had benefited from high-margin solar power generation projects in the previous fiscal year, posted a 28.9% full-year decline in profit due to a decrease in high-margin projects. - FY2019-Q2WorsenedAnnual report
「As a result, the segment reported 11.7% revenue growth. Ordinary profit, however, declined by ¥76 million, reflecting the impact of the highly profitable solar power generation projects in the previous fiscal year.」
The infrastructure business changed from its previous increase in profit from high-margin projects to lower profit due to the reversal of the benefit from high-margin solar power generation projects in the previous fiscal year. - FY2018AdvancedAnnual report
「Ordinary profit increased by ¥67 million due to orders for high-margin projects.」
The increase in profit from orders for high-margin infrastructure projects is described together with the full-year increase of ¥67 million. - FY2018-Q3AdvancedAnnual report
「As a result, revenue for the business declined 2.3%, but ordinary profit increased by ¥152 million due to orders for high-margin projects.」
The increase in profit from orders for high-margin infrastructure projects is described specifically, including the ¥152 million increase. - FY2018-Q2First statedAnnual report
「As a result, revenue for the business declined 19.7%, but ordinary profit increased due to orders for high-margin projects.」
The disclosure separately mentions for the first time that, while the infrastructure business posted lower revenue, orders for high-margin projects resulted in higher ordinary profit.