Construction, Early Completion and Safe Release of the Next-Generation Core System
First written in FY2017. 8 of 18 entries say "Advanced", first in FY2020. Latest entry: FY2023.
81 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「In line with the medium-term management plan, the company invested in systems aimed at improving operational efficiency and services. As a result, system investment for the current consolidated fiscal year amounted to ¥11.6 billion.」
The company continued system investment in line with its medium-term management plan and disclosed investment of ¥11.6 billion for the year. - FY2023-Q3Expenses continued to increase due to depreciation of the new collections systemAnnual report
「General expenses increased by ¥1.8 billion year on year to ¥105.8 billion, mainly due to higher property-related expenses and data-processing costs, including depreciation of the new collections system.」
General expenses increased by ¥1.8 billion year on year due to higher data-processing costs, including depreciation of the new collections system. - FY2023-Q2Strategic system investment continuesAnnual report
「This was attributable to strategic system investment contributing to the company's growth and the acquisition of intangible fixed assets, including software.」
Continued strategic system investment supporting growth, including software acquisitions, was a factor contributing to cash outflows from investing activities. - FY2022-Q3AdvancedAnnual report
「General expenses decreased by ¥6.4 billion year on year to ¥103.9 billion. In addition to the decrease attributable to one-off factors, the reduction reflected the benefits of process innovation initiatives, including expanding the scope of online card statements and optimising IT costs.」
Expanding the scope of online card statements and optimising IT costs reduced general expenses by ¥6.4 billion year on year. - FY2022-Q2AdvancedAnnual report
「General expenses decreased by ¥5.3 billion year on year to ¥69.7 billion. In addition to a decrease attributable to one-off factors, we offset the increase in expenses associated with higher transaction volume and other factors by further accelerating process innovation initiatives, including expanding the scope of Web-based card statements and optimising IT costs.」
To optimise costs after the new core system went into operation, the company expanded the scope of online card statements and optimised IT costs, reducing general expenses by ¥5.3 billion year on year. - FY2022-Q1AdvancedAnnual report
「General expenses decreased by ¥2.6 billion year on year to ¥34.7 billion. We offset the increase in expenses associated with higher transaction volume and other factors by further accelerating process innovation initiatives, including the launch of Web-based card statements for major partners, resulting in a level broadly in line with the previous year excluding one-off factors related to the points-reward business.」
To control costs after the system went into operation, the company implemented measures including the introduction of online card statements, reducing general expenses by ¥2.6 billion year on year. - FY2021AdvancedAnnual report
「General expenses decreased by ¥400 million year on year, while excluding one-off factors, the decrease was ¥3.2 billion year on year, reflecting the success of cost controls through process innovation.」
The full-year results show that cost controls through process innovation were effective, with general expenses excluding one-off factors decreasing by ¥3.2 billion year on year. - FY2021-Q3AdvancedAnnual report
「General expenses increased by ¥1.9 billion year on year. However, excluding the one-off factor related to the points-reward programme (a ¥4.3 billion increase), general expenses decreased by ¥2.3 billion year on year, partly due to the benefits of process innovation.」
Excluding the ¥4.3 billion one-off factor from the points-reward programme, general expenses decreased by ¥2.3 billion year on year, partly due to the benefits of process innovation. - FY2021-Q2AdvancedAnnual report
「General expenses increased by ¥2.4 billion year on year. However, excluding the one-off factor related to the points-reward programme (¥4.5 billion), general expenses decreased year on year, partly due to the benefits of process innovation.」
Excluding the one-off factor related to the points-reward programme, general expenses decreased year on year, partly due to the benefits of process innovation. - FY2020AdvancedAnnual report
「Depreciation and amortisation expenses related to the core system increased by ¥4.5 billion year on year, but as a result of efforts to implement process innovation, the increase in general expenses was limited to ¥3.3 billion.」
Although the increase in depreciation and amortisation expenses continued after the new core system went into operation, the company states that process innovation limited the increase in general expenses to ¥3.3 billion. - FY2020-Q3Costs continued to increase after launchAnnual report
「Although credit-related expenses decreased, general expenses and other costs increased in connection with the operation of the new core system, resulting in an overall increase in operating expenses.」
The increase in general expenses and other costs continued through the cumulative third-quarter period after the new core system went into operation. - FY2020-Q2Costs continued to increase after launchAnnual report
「Although credit-related expenses decreased, general expenses and other costs increased in connection with the operation of the new core system, resulting in an overall increase in operating expenses.」
The increase in general expenses and other costs continued into the second quarter after the new core system went into operation. - FY2020-Q1Costs continued to increase after launchAnnual report
「Although credit-related expenses decreased, general expenses and other costs increased in connection with the operation of the new core system, resulting in an overall increase in operating expenses.」
General expenses and other costs continued to increase after the new core system went into operation. - FY2019Post-launch additional system investment planAnnual report
「To achieve its new medium-term management policy, the company plans to rapidly develop and invest in systems for new strategies, products and services. Planned system investment for the one-year period following the end of the current consolidated fiscal year is approximately ¥10.7 billion.」
Following the launch of the new core system, the company has outlined an additional investment plan of approximately ¥10.7 billion for new strategies, products and services, in addition to addressing higher system costs. - FY2019-Q3Higher costs after launchAnnual report
「The new core system, which was being developed to enable high-volume, high-speed processing and provide competitive services, was launched on 26 August 2018. In light of the increase in system costs, we will work to optimise costs by improving operational efficiency through the use of the system's functions and fundamentally reviewing business processes. Although credit-related expenses decreased, general expenses increased due to higher data-processing costs associated with the operation of the new core system, resulting in an overall increase in operating expenses.」
The company reports that general expenses increased after the new core system was launched, mainly due to higher data-processing costs. ¥7.233 billion was also recorded as an extraordinary loss for system migration-related expenses, and the focus has now shifted to cost optimisation through greater operational efficiency and a review of business processes. - FY2019-Q2AchievedAnnual report
「The next-generation core system described in the previous fiscal year's securities report under “(8) System Risks,” hereinafter referred to as the new core system, was launched on 26 August 2018. The new core system, which was developed to enable high-volume, high-speed processing and provide competitive services, among other objectives, was launched on 26 August 2018. Going forward, in light of rising system costs, we will work to optimize costs by improving operational efficiency using the system's functions and fundamentally reviewing our business processes.」
The next-generation core system, which had been under construction, was successfully launched on 26 August 2018. The focus has now shifted to improving operational efficiency, reviewing business processes and optimizing costs in light of rising system costs. - FY2019-Q1ReframedAnnual report
「We are currently focusing on the safe and reliable launch of the next-generation core system, which is being developed to enable high-volume, high-speed processing and provide competitive services, among other objectives. In light of the prospect of higher system costs after the launch, we will work to optimize costs by improving operational efficiency using the system's functions and fundamentally reviewing our business processes.」
The wording has shifted from the previous emphasis on early completion of the next-generation core system to prioritizing a safe and reliable launch, with cost optimization through improved operational efficiency and a fundamental review of business processes after launch newly specified. - FY2017First statedAnnual report
「We are currently building the next-generation core system to enable high-volume, high-speed processing and provide competitive services, among other objectives, and will focus on completing the system early and launching it securely.」
The next-generation core system is under construction, with investment of ¥19,888 million during the current fiscal year. Although the planned completion date and investment amount have not been determined, estimated planned investment is approximately ¥140,000 million assuming completion in fiscal 2017.