Impact on Sales from Reduced Transactions with Major Customers
First written in FY2017-Q3. 3 of 5 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2018: 3 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「As a result, although the decline in large-volume transactions from the previous fiscal year affected results through the second quarter, revenue in this business segment rose 0.3% from the previous fiscal year to ¥139.458 billion, supported by efforts to recover revenue and the contribution from M&A.」
Although the impact of the decline in large-volume transactions continued through the second quarter, revenue subsequently increased 0.3% year on year, and the impact was cited less prominently as a past factor. - FY2018-Q3RestatedAnnual report
「In addition to the contribution from Tomo-Ya Japanese Food Trading Pte.Ltd. (Singapore), which joined the group in January of the previous fiscal year, we worked to acquire new customers and expand our share of existing customers. However, partly because the impact of the decline in large-volume transactions from the previous fiscal year continued through the second quarter, revenue in this business segment increased marginally to ¥103.353 billion, up 0.0% year on year, while operating profit was ¥1.328 billion, down 19.9%.」
The company continues to state that the impact of the decline in large-volume transactions from the previous fiscal year continued through the second quarter. Revenue increased 0.0% year on year, while operating profit declined 19.9%. - FY2018-Q2RestatedAnnual report
「As a result, although Tomo-Ya Japanese Food Trading Pte.Ltd. (Singapore), which joined the Group in January of the previous fiscal year, contributed, sales in this business segment declined 0.3% year on year to ¥68.796 billion, while operating profit declined 18.8% to ¥890 million, mainly because the impact of reduced major transactions from the previous fiscal year continued through the first half.」
The decline in large-volume transactions from the previous fiscal year continued through the first half of the current fiscal year and affected revenue and operating profit in the distributor business. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, although M&A conducted in the previous fiscal year contributed, sales declined to ¥50.720 billion, down 3.5% year on year, due to the continued impact through the first half of reduced major transactions from the previous fiscal year and the reaction to the previous fiscal year's leap year.」
The company indicated that the decline in large-volume transactions from the previous fiscal year would continue to affect results through the first half of the current fiscal year, and continues to cite it as a factor behind the decline in revenue. - FY2017-Q3First statedAnnual report
「As a result, although the M&A transactions conducted in the previous fiscal year—the acquisition of ㈱プレストサンケー商会 in April and Marukawa Trading(S)Pte.Ltd. in December—contributed to results, revenue in this business segment declined due to the impact of the earthquake, a decrease in transactions with major customers and the elimination of unprofitable transactions, to ¥103.326 billion, down 3.0% year on year.」
A decline in transactions with major customers is cited, alongside the earthquake and the elimination of unprofitable transactions, as a factor behind the decline in revenue in the distributor business.