Delays in project launches in the public-sector market due to disasters and large-scale events

「However, because large projects had also been booked in the previous fiscal year, both bookings and contract execution volume for the consolidated fiscal year under review fell below the previous fiscal year.」

「Under these circumstances, the leasing and installment-sales business sought to strengthen its consultation-based sales approach, which it has pursued for some time. However, the delayed launch of public-sector projects from the beginning of the period affected results, and contract execution volume during the cumulative third quarter of the consolidated fiscal year under review was below the level of the same period of the previous year.」

「Although the company sought to strengthen its consultation-based sales approach, which it has pursued for some time, contract execution volume during the cumulative second quarter of the consolidated fiscal year under review was below the level of the same period of the previous year, partly because the launch of projects in the public-sector market, a major customer segment, was delayed.」

「In addition to delays in the launch of public-sector projects due to the Kumamoto Earthquake and the Ise-Shima G7 Summit, the private-sector market included the recognition of a large distribution-industry project in the same period of the previous year. As a result, contract execution volume during the cumulative first quarter of the consolidated fiscal year under review was below the level of the same period of the previous year.」