U.S. Subsidiary’s History of Losses
First written in FY2016. 17 of 35 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Seven Bank moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「FCTI, Inc.'s ordinary revenue, excluding intercompany ordinary revenue, accounted for more than 10% of consolidated ordinary revenue. Key income statement information: ① Ordinary revenue: ¥27,282 million ② Ordinary profit: ¥2,386 million ③ Net income: ¥2,326 million」
FCTI reported ordinary profit of ¥2,386 million and net income of ¥2,326 million, improving from losses in the previous fiscal year to profitability. - 2026-05-08MitigatedEarnings presentation
「The United States was profitable, significantly exceeding the plan」
The U.S. subsidiary reported a profit, compared with losses disclosed in prior years. - FY2024WorsenedAnnual report
「FCTI, Inc. reported ordinary revenue of ¥26,679 million, an ordinary loss of ¥1,953 million and a net loss of ¥6,674 million, due mainly to higher funding costs associated with rising US interest rates.」
FCTI, which returned to losses after achieving profitability, recorded an ordinary loss of ¥1,953 million and a net loss of ¥6,674 million for the full year. - FY2024-Q3WorsenedAnnual report
「FCTI, Inc.'s consolidated results for January through September 2023 were ordinary income of US$143.3 million, up 2.4% year on year, an ordinary loss of US$8.3 million, compared with an ordinary loss of US$1.5 million in the same period of the previous year, and a quarterly net loss of US$6.2 million, compared with a quarterly net loss of US$1.7 million, due mainly to higher funding costs resulting from policy rate increases.」
FCTI, which had returned to losses after achieving profitability, saw its losses widen further, worsening the US subsidiary's loss performance. - FY2024-Q2WorsenedAnnual report
「FCTI, Inc.'s consolidated results for January through June 2023 were ordinary income of US$94.8 million, up 2.8% year on year, an ordinary loss of US$5.0 million, compared with ordinary profit of US$1.1 million in the same period of the previous year, and an interim net loss of US$4.5 million, compared with interim net income of US$0.9 million, due to higher funding costs resulting from policy rate increases and other factors, despite cost reductions from removing low-profit ATMs.」
Losses became apparent again at FCTI, which had maintained profitability, resulting in an ordinary loss of $5.0 million and interim net loss of $4.5 million. - FY2024-Q1WorsenedAnnual report
「Although FCTI, Inc. reduced costs by removing low-profit ATMs, higher funding costs resulting from policy rate increases and other factors led to ordinary income of US$46.8 million, up 4.2% year on year, an ordinary loss of US$2.9 million, compared with ordinary profit of US$0.8 million in the same period of the previous year, and a quarterly net loss of US$2.4 million, compared with quarterly net income of US$0.5 million, for the consolidated period from January through March 2023.」
FCTI, which had maintained profitability, recorded an ordinary loss of $2.9 million and quarterly net loss of $2.4 million, with losses becoming apparent again. - FY2023WorsenedAnnual report
「Due to higher funding costs resulting from rising policy rates and other factors, ordinary revenue was $186.3 million, down 9.6% year on year, ordinary loss was $3.3 million, compared with ordinary profit of $16.4 million in the same period of the previous year, and net income was $0.0 million, down 99.9%.」
FCTI, which had maintained profitability, recorded an ordinary loss of $3.3 million for the full year, with losses at the US subsidiary becoming apparent again. - FY2023-Q3WorsenedAnnual report
「Although FCTI, Inc. reduced costs by removing low-profit ATMs installed outside U.S. Seven-Eleven stores, a measure implemented from the previous year, higher funding costs resulting from policy rate increases and other factors led to ordinary income of US$139.9 million, down 12.0% year on year, an ordinary loss of US$1.5 million, compared with ordinary profit of US$19.3 million in the same period of the previous year, and a quarterly net loss of US$1.7 million, compared with quarterly net income of US$18.8 million, for the consolidated period from January through September 2022.」
FCTI, which had maintained profitability, reported an ordinary loss and quarterly net loss, with losses at the US subsidiary becoming apparent again. - FY2023-Q2WorsenedAnnual report
「Although FCTI, Inc. reduced costs by removing low-profit ATMs installed outside U.S. Seven-Eleven stores, a measure implemented from the previous year, higher funding costs resulting from policy rate increases and other factors led to ordinary income of US$92.1 million, down 13.7% year on year, ordinary profit of US$1.1 million, down 91.4%, and interim net income of US$0.9 million, down 92.9%, for the current cumulative second quarter.」
FCTI maintained profitability, but ordinary profit declined from $13.9 million to $1.1 million and interim net income from $13.5 million to $0.9 million compared with the same period of the previous year. - FY2023-Q1Maintained profitability, but lower earningsAnnual report
「For the consolidated period from January to March 2022, FCTI, Inc. reported ordinary revenue of $44.9 million, down 14.5% year on year, ordinary profit of $0.8 million, down 87.1%, and quarterly net income of $0.5 million, down 90.6%. Cost savings from the ongoing removal of low-profitability ATMs were offset by higher funding costs resulting from rising policy rates and other factors.」
FCTI maintained profitability, reporting ordinary profit of $0.8 million and quarterly net income of $0.5 million, but its earnings level declined sharply from the same period of the previous year. - FY2022MitigatedAnnual report
「For the consolidated period from January to December 2021, FCTI, Inc. reported ordinary revenue of $206.3 million, down 9.1% year on year, ordinary profit of $16.4 million, down 28.2%, and net income of $35.9 million, up 45.9%, due to the ongoing removal of low-profitability ATMs installed outside US 7-Eleven stores and a decline in ATM transaction volumes following the resurgence of COVID-19 infections from the third quarter onward.」
Although FCTI reported lower revenue and profit, it maintained profitability, with ordinary profit of $16.4 million and net income of $35.9 million. - FY2022-Q3MitigatedAnnual report
「For the consolidated period from January to September 2021, FCTI, Inc. reported ordinary revenue of $159.0 million, down 9.5% year on year, ordinary profit of $19.3 million, down 1.0%, and quarterly net income of $18.8 million, down 8.8%, due to the ongoing removal of low-profitability ATMs installed outside US 7-Eleven stores and a decline in ATM transaction volumes following the resurgence of COVID-19 infections from the third quarter onward.」
Although FCTI reported lower revenue and profit year on year, it maintained profitability, with ordinary profit of $19.3 million and quarterly net income of $18.8 million. - FY2022-Q2MitigatedAnnual report
「For the consolidated period from January to June 2021, FCTI, Inc. reported ordinary revenue of $106.8 million, down 8.6% year on year, ordinary profit of $13.9 million, up 2.7%, and interim net income of $13.5 million, up 0.4%, due to the ongoing removal of low-profitability ATMs installed outside US 7-Eleven stores and lower funding costs resulting from continued low policy rates.」
FCTI maintained profitability through the removal of low-profitability ATMs, lower funding costs and other measures, reporting ordinary profit of $13.9 million and interim net income of $13.5 million. - FY2022-Q1MitigatedAnnual report
「For the consolidated period from January to March 2021, FCTI, Inc. reported ordinary revenue of $52.6 million, down 9.4% year on year, ordinary profit of $6.3 million, up 45.0%, and quarterly net income of $6.1 million, up 45.4%, due to the ongoing removal of low-profitability ATMs installed outside US 7-Eleven stores and lower funding costs resulting from continued low policy rates.」
FCTI maintained and expanded profitability through the removal of low-profitability ATMs, lower funding costs and other measures, reporting ordinary profit of $6.3 million and quarterly net income of $6.1 million. - FY2021MitigatedAnnual report
「For the consolidated period from January to December 2020, FCTI, Inc. reported ordinary revenue of $227.0 million, down 10.6% year on year, ordinary profit of $22.8 million, up 263.2%, and net income of $24.6 million, up 268.5%, supported by the planned removal of low-profitability ATMs and lower funding costs following policy rate cuts.」
FCTI maintained and expanded profitability following the removal of low-profitability ATMs and other measures, reporting ordinary profit of $22.8 million and net income of $24.6 million. - FY2021-Q3MitigatedAnnual report
「For the consolidated period from January to September 2020, FCTI, Inc. reported ordinary revenue of $175 million, ordinary profit of $19 million and quarterly net income of $20 million, supported by the planned removal of low-profitability ATMs and lower funding costs following policy rate cuts.」
FCTI, which had continued to report losses, maintained and expanded profitability on a cumulative basis from January to September 2020, with ordinary profit of $19 million and quarterly net income of $20 million. - FY2021-Q2MitigatedAnnual report
「For the consolidated period from January to June 2020, FCTI, Inc. reported ordinary revenue of $117.0 million, ordinary profit of $13.5 million and interim net income of $13.4 million, supported by the planned removal of low-profitability ATMs and lower funding costs following policy rate cuts.」
FCTI, which had continued to report losses, maintained and expanded profitability on a cumulative basis from January to June 2020, with ordinary profit of $13.5 million and interim net income of $13.4 million. - FY2021-Q1MitigatedAnnual report
「For the consolidated period from January to March 2020, FCTI, Inc. reported ordinary revenue of $58.1 million, ordinary profit of $4.3 million and quarterly net income of $4.2 million.」
FCTI reported ordinary profit of $4.3 million and quarterly net income of $4.2 million from January to March 2020, maintaining profitability. - FY2020MitigatedAnnual report
「FCTI, Inc., a consolidated subsidiary, achieved stable operation of the ATMs installed at US 7-Eleven stores. For the consolidated period from January to December 2019, FCTI, Inc. reported ordinary revenue of $254.0 million, ordinary profit of $6.3 million and net income of $6.6 million.」
FCTI, which had remained loss-making, reported ordinary profit of $6.3 million and net income of $6.6 million from January to December 2019, achieving full-year profitability. - FY2020-Q3MitigatedAnnual report
「For the consolidated period from January to September 2019, FCTI, Inc. reported ordinary revenue of $192.3 million, ordinary profit of $2.2 million and quarterly net income of $2.3 million.」
FCTI, which had remained loss-making, reported ordinary profit of $2.2 million and quarterly net income of $2.3 million on a cumulative basis from January to September 2019, maintaining profitability. - FY2020-Q2WorsenedAnnual report
「For the consolidated period from January to June 2019, FCTI, Inc. reported ordinary revenue of $128.0 million, an ordinary loss of $0.6 million and interim net loss of $0.3 million.」
FCTI, which disclosed a return to profitability in the previous quarter, returned to losses from January to June 2019, recording an ordinary loss of $0.6 million and interim net loss of $0.3 million. - FY2020-Q1MitigatedAnnual report
「For the consolidated period from January to March 2019, FCTI, Inc. reported ordinary revenue of $63.4 million, ordinary profit of $1.3 million and quarterly net income of $1.2 million, returning to profitability.」
FCTI, which had remained loss-making, reported ordinary profit and quarterly net income from January to March 2019, partly reducing the risk associated with poor performance at the US subsidiary. - FY2019WorsenedAnnual report
「For the consolidated period from January to December 2018, FCTI reported ordinary revenue of $248.5 million and an ordinary loss of $8.7 million. In addition, an impairment loss on FCTI's fixed assets was recorded as an extraordinary loss, resulting in a net loss of $99.5 million for the year.」
For the full year, FCTI recorded an ordinary loss of $8.7 million and a net loss of $99.5 million, making the poor performance of the US subsidiary and the impairment burden apparent. - FY2019-Q3WorsenedAnnual report
「The company recognized a decline in the real value of its shares in FCTI, Inc., its consolidated US subsidiary, and PT.ABADI TAMBAH MULIA INTERNASIONAL, its consolidated Indonesian subsidiary, and recorded an investment loss on shares of affiliates of ¥21,756 million as an extraordinary loss. As a result, quarterly net income was ¥8,575 million, down 61.8%.」
For FCTI and ATMi, an investment loss on shares of affiliates of ¥21,756 million was recorded due to the decline in the real value of their shares, increasing the burden associated with poor performance at the overseas subsidiaries. - FY2019-Q2WorsenedAnnual report
「As the earnings of FCTI, Inc. and ATMi continued to fall below the initial plan, the company reviewed its future plans and recognized an impairment loss of ¥14,596 million as an extraordinary loss for the cumulative second quarter of the current fiscal year on fixed assets related to both companies, mainly goodwill arising from the acquisition of FCTI shares.」
Because the overseas business failed to meet its earnings plan, the company recognized an impairment loss of ¥14,596 million, including goodwill related to FCTI. Although ordinary revenue from the overseas business increased to ¥12,989 million, its ordinary loss was ¥2,061 million, indicating a widening loss and burden. - FY2019-Q1WorsenedAnnual report
「The overseas business reported ordinary revenue of ¥6,063 million, up 195.9%, and an ordinary loss of ¥1,251 million, down 58.1%. FCTI, Inc., a consolidated subsidiary, completed the replacement and installation of ATMs at US 7-Eleven stores, which began in August 2017, in March 2018. Total transaction volumes increased, primarily due to the increase in installed ATMs, but higher ordinary expenses, including ATM replacement and installation costs, resulted in higher revenue but lower profit.」
Even after installation at US 7-Eleven stores was completed, the overseas business recorded an ordinary loss of ¥1,251 million due to ATM replacement and installation costs and other expenses, widening the loss from the same period of the previous year. - FY2018WorsenedAnnual report
「The overseas business reported ordinary revenue of ¥10,907 million, up 28.3%, and an ordinary loss of ¥4,183 million, down 92.7%. FCTI, Inc., a consolidated subsidiary, began replacing and installing ATMs at US 7-Eleven stores in August 2017. Total transaction volumes increased, primarily due to the increase in installed ATMs, but higher ordinary expenses, including ATM replacement and installation costs, resulted in higher revenue but lower profit.」
The overseas business, including FCTI, saw increases in installed ATMs and transaction volumes, but recorded an ordinary loss of ¥4,183 million due to replacement and installation costs and other expenses. - FY2018-Q3WorsenedAnnual report
「For the consolidated period from January to September 2017, FCTI, Inc. reported ordinary revenue of $56.7 million, an ordinary loss of $13.3 million and quarterly net loss of $8.5 million.」
FCTI remained loss-making, with its ordinary loss and quarterly net loss widening from $3.6 million and $2.4 million, respectively, in the same period of the previous year to $13.3 million and $8.5 million. - FY2018-Q2WorsenedAnnual report
「For the consolidated period from January to June 2017, FCTI, Inc. reported ordinary revenue of $35.9 million, an ordinary loss of $7.6 million and interim net loss of $4.9 million.」
FCTI remained loss-making, with its ordinary loss and interim net loss widening from $1.9 million and $1.3 million, respectively, in the same period of the previous year to $7.6 million and $4.9 million. - FY2018-Q1WorsenedAnnual report
「For the consolidated period from January to March 2017, FCTI, Inc. reported ordinary revenue of $17.8 million, an ordinary loss of $3.5 million and quarterly net loss of $2.2 million.」
FCTI remained loss-making, with its ordinary loss and quarterly net loss widening from $1.0 million and $0.6 million, respectively, in the same period of the previous year to $3.5 million and $2.2 million. - FY2017WorsenedAnnual report
「For the consolidated period from January to December 2016, FCTI, Inc. reported ordinary revenue of $77.6 million, an ordinary loss of $6.6 million and net loss of $4.3 million.」
FCTI remained loss-making, with its ordinary loss widening from $2.0 million in the previous year to $6.6 million and its net loss from $1.5 million to $4.3 million. - FY2017-Q3RestatedAnnual report
「For the consolidated period from January to September 2016, FCTI, Inc. reported ordinary revenue of $59.4 million, an ordinary loss of $3.6 million and quarterly net loss of $2.4 million.」
FCTI remained loss-making on a cumulative basis from January to September 2016, with ordinary and quarterly net losses, indicating that the US subsidiary's losses continued. - FY2017-Q2RestatedAnnual report
「For the consolidated period from January to June 2016, FCTI, Inc. reported ordinary revenue of $38.9 million, an ordinary loss of $1.9 million and interim net loss of $1.3 million.」
FCTI reported ordinary and interim net losses, indicating that poor performance at the US subsidiary continued. - FY2017-Q1RestatedAnnual report
「For the consolidated period from January to March 2016, FCTI, Inc. reported ordinary revenue of $19.2 million, an ordinary loss of $1.0 million and quarterly net loss of $0.6 million.」
The company disclosed that FCTI remained loss-making from January to March 2016. It stated that there were no significant changes in the risk factors. - FY2016MaterialisedAnnual report
「FCTI, Inc.'s consolidated results for January through December 2015 were ordinary income of US$78.5 million, an ordinary loss of US$2.0 million and a net loss of US$1.5 million.」
While identifying poor performance at overseas subsidiaries as a risk, the company reported an actual loss for FCTI in the fiscal year.