Achieving Profitability and Ensuring the Continuity of New Businesses
First written in FY2016. 8 of 22 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2023.
Traders Holdings moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2017: 6 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「With the completion of the liquidation of the overseas subsidiary PJB in April 2022, the Group completed the restructuring of all businesses that had become unprofitable.」
The company states that it has completed the restructuring of all unprofitable businesses, including the completion of PJB's liquidation, reducing the Group's internal exposure to the profitability and sustainability of new businesses. - FY2023-Q3MaterialisedAnnual report
「Extraordinary losses amounted to ¥69 million, up ¥42 million, or 158.7%, year on year. This resulted from the recognition of ¥61 million in provision for business restructuring losses and ¥8 million in costs related to relocating to the new head office, neither of which had been recorded in the same period of the previous year, while no provision for doubtful accounts or impairment loss on investment securities was recorded, compared with ¥14 million and ¥12 million, respectively, in the same period of the previous year.」
The company newly recognized ¥61 million in provision for business restructuring losses related to the restructuring of new and unprofitable businesses. - FY2022MitigatedAnnual report
「With the completion of the liquidation of the overseas subsidiary PJB in April 2022, the company was able to largely complete during the consolidated fiscal year under review its efforts, initiated in the previous consolidated fiscal year, to整理 unprofitable businesses in which investments had been made in the past without producing results. The company believes that it will not record substantial extraordinary losses related to these businesses going forward.」
The company indicated that, by restructuring unprofitable businesses, it had reduced the Group's internal exposure to the profitability and sustainability of existing new businesses and did not expect substantial extraordinary losses going forward. - FY2022-Q3RestatedAnnual report
「During the consolidated cumulative third quarter period under review, there were no material additions or changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material additions or changes regarding the profitability and sustainability of new businesses. - FY2022-Q1MitigatedAnnual report
「The company determined that the transferee was best suited to entrust with ZEエナジー's future business operations and strengthen its management base, and decided to transfer the shares to that individual.」
For ZEエナジー, which faced challenges regarding profitability and sustainability, the company disclosed measures to reduce the business continuity risk borne directly by the Group by transferring all shares and waiving its claims. - FY2021-Q3MaterialisedAnnual report
「Extraordinary income included a ¥70 million gain on the sale of shares in an affiliated company arising from the transfer of shares in ZEエナジー. Extraordinary losses amounted to ¥110 million, mainly due to the recognition of ¥65 million in provision for doubtful accounts and ¥41 million in provision for business restructuring losses related to the liquidation of the Indonesian subsidiary PT.PIALANG JEPANG BERJANGKA.」
The risk concerning the profitability and sustainability of new businesses materialized in the form of ¥65 million in provision for doubtful accounts and ¥41 million in provision for business restructuring losses associated with the liquidation of the Indonesian subsidiary. - FY2021-Q2MaterialisedAnnual report
「The impact of this liquidation on consolidated performance for the fiscal year ending March 2021 is expected to include ¥61 million in provision for doubtful accounts and ¥35 million in provision for business restructuring losses, both recognized as extraordinary losses.」
The risk concerning the profitability and sustainability of new businesses materialized in the form of the decision to liquidate the Indonesian subsidiary and the expected recognition of ¥61 million in provision for doubtful accounts and ¥35 million in provision for business restructuring losses. - FY2021-Q1MitigatedAnnual report
「The company decided that, to achieve further growth and technological improvement at ZEエナジー, it would contribute to enhancing the Group's overall corporate value by accepting external funding expected to generate synergies and establishing a new management structure, while allocating more management resources to the growing FX business and financial systems development business. Accordingly, it resolved to transfer part of the shares in question.」
For the renewable energy business, which had not yet achieved profitable operations, the company disclosed measures to accept external funding and a new management structure, remove it from the Group's consolidated scope, and reallocate resources to the FX and financial systems development businesses. - FY2020-Q3MitigatedAnnual report
「Operating revenue from this segment operated by ZEエナジー was ¥99.740 million, up ¥89.754 million, or 898.8%, year on year, while the segment loss was ¥228.027 million, compared with a loss of ¥306.191 million in the same period of the previous year.」
Although the renewable energy-related business remained in the red, operating revenue increased and the segment loss narrowed from ¥306.191 million to ¥228.027 million. - FY2020-Q2MitigatedAnnual report
「The segment operated by ZEエナジー reported operating revenue of ¥9.170 million, up ¥3.479 million, or 61.1%, from the same period of the previous year, and a segment loss of ¥143.103 million, compared with a loss of ¥197.388 million in the same period of the previous year.」
Although the renewable energy-related business remained in the red, its segment loss narrowed from ¥197.388 million in the same period of the previous year to ¥143.103 million. In addition, the systems development and systems consulting business shifted from a loss of ¥97.460 million in the same period of the previous year to a profit of ¥312.441 million. - FY2020-Q1Improvement in the Profitability of New BusinessesAnnual report
「The segment operated by ZEエナジー reported operating revenue of ¥3.628 million, up 34.8% year on year, and a segment operating loss of ¥67.898 million, compared with an operating loss of ¥91.250 million in the same period of the previous year. ③ Systems Development and Systems Consulting Business The segment operated by Nextop.Asia reported operating revenue of ¥298.760 million, up 62.9% year on year, and a segment operating profit of ¥74.519 million, compared with an operating loss of ¥48.385 million in the same period of the previous year.」
The renewable energy-related business narrowed its operating loss but remained in the red. Meanwhile, the systems development and systems consulting business reported higher revenue and shifted from an operating loss in the previous year to operating profit. - FY2019-Q3MaterialisedAnnual report
「ZEエナジー recorded an inventory valuation loss of ¥479.974 million on materials and supplies.」
The risk concerning the profitability and sustainability of the renewable energy business materialized in the form of a ¥479.974 million inventory valuation loss on materials and supplies removed from the Azumino project. - FY2019-Q2MitigatedAnnual report
「After comprehensively considering that specializing in ancillary businesses related to crypto-asset exchange would enable the company to avoid the business risks and additional costs of concentrating management resources on operating a crypto-asset exchange, the company determined that transferring the shares in question to Rakuten Card was the best course of action.」
To avoid the business risks and additional costs associated with operating a crypto-asset exchange, the company decided to sell its shares in みんなのビットコイン and specialize in ancillary businesses related to crypto-asset exchange. - FY2019-Q1MaterialisedAnnual report
「The segment operated by ZEエナジー reported operating revenue of ¥2.690 million, down 91.1% year on year, and a segment loss of ¥91.250 million, compared with an operating loss of ¥130.971 million in the same period of the previous year.」
The renewable energy-related business continued to record losses, and operating revenue declined 91.1% year on year. The risk concerning the profitability and sustainability of new businesses continues to be reflected in performance. - FY2018-Q3MaterialisedAnnual report
「Extraordinary losses amounted to ¥653.282 million, up ¥650.071 million year on year, consisting of ¥641.038 million in contract cancellation losses related to the cancellation of the contract to manufacture a woody biomass gasification power generation unit for the Azumino Biomass Energy Center, ¥7.269 million in provision for contract cancellation losses for removal costs and other expenses for the unit expected to arise from the fourth quarter onward, and other items.」
Losses related to the cancellation of contracts in the renewable energy-related business increased, including the recognition of ¥641.038 million in contract cancellation losses. - FY2018-Q2WorsenedAnnual report
「Extraordinary losses amounted to ¥646.900 million, consisting of ¥627.895 million in contract cancellation losses related to the cancellation of the contract to manufacture a woody biomass gasification power generation unit for the above-mentioned Azumino Biomass Energy Center, ¥14.029 million in provision for contract cancellation losses for removal costs and other expenses for the unit expected to arise from the third quarter onward, and other items.」
The risk concerning the profitability and sustainability of the renewable energy business expanded with the recognition of ¥627.895 million in contract cancellation losses and ¥14.029 million in provisions for removal costs and other expenses. - FY2018-Q1MaterialisedAnnual report
「Extraordinary losses amounted to ¥606.877 million, consisting of ¥556.877 million in contract cancellation losses related to the cancellation of the contract to manufacture a woody biomass gasification power generation unit for the above-mentioned Azumino Biomass Energy Center, and ¥50.000 million in provision for contract cancellation losses for removal costs and other expenses for the unit expected to arise from the second quarter onward.」
The risk concerning the sustainability and profitability of new businesses materialized in the form of the contract cancellation and recognition of ¥606.877 million in contract cancellation losses. - FY2017WorsenedAnnual report
「The segment operated by ZEエナジー reported operating revenue of ¥665.639 million, down 8.3% year on year, and a segment loss of ¥603.090 million, compared with operating profit of ¥81.000 million in the previous fiscal year.」
The renewable energy-related business shifted from operating profit in the previous fiscal year to a segment loss of ¥603.090 million, indicating a quantitative deterioration in the risk concerning the profitability of new businesses. - FY2017-Q3MaterialisedAnnual report
「The segment operated by ZEエナジー reported operating revenue of ¥610.989 million and a segment loss of ¥430.743 million, compared with operating profit of ¥29.227 million in the same period of the previous year.」
The risk concerning the profitability of new businesses and their sustainability materialized in the form of a substantial segment loss recorded by the renewable energy-related business. - FY2017-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the profitability and sustainability of new businesses. - FY2017-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the profitability and sustainability of new businesses. However, renewable energy-related businesses and other operations recorded a segment loss in the quarter under review. - FY2016First statedAnnual report
「However, new businesses may be discontinued without becoming profitable for various reasons. In such cases, the Group's business and performance could be adversely affected by the recognition of substantial impairment losses on fixed assets or business restructuring losses, among other factors.」
The company indicates the possibility of losses from failure to achieve profitability or from withdrawal as it launches new businesses, including ZEエナジー, overseas operations and systems development.