Establishing the Remodeling Business as an Independent Segment
First written in FY2020-Q1. 2 of 7 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2021-Q3.
Avantia moved to the "Worse" side of this theme in 2021.
3 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, the remodeling business, which had previously been included in the detached housing business, was made a separate business and included in Other.」
The Company continues to classify and operate the remodeling business separately from the detached housing business under Other, both for disclosure and operational purposes. - FY2021-Q2WorsenedAnnual report
「For the first six months of the current consolidated fiscal year, net sales were ¥700 million, up 131.8% year on year, and operating income was ¥79 million, down 25.0%.」
Other recorded a substantial increase in revenue after the remodeling business was classified separately, while operating profit declined 25.0% year on year. - FY2021-Q1WorsenedAnnual report
「For the first quarter of the current consolidated fiscal year, revenue was ¥304 million, up 215.3% year on year, and the Company recorded an operating loss of ¥11 million, compared with operating profit of ¥30 million in the same period of the previous year.」
Other recorded a substantial increase in revenue after the remodeling business was classified separately, while the Company swung from operating profit in the same period of the previous year to an operating loss. - FY2020Full-year higher revenue and lower profit after separate classificationAnnual report
「For the current consolidated fiscal year, net sales were ¥945 million, up 92.4% year on year, and operating income was ¥148 million, down 12.0%.」
Other recorded a substantial increase in revenue after the remodeling business was classified separately, while operating profit declined 12.0% year on year. - FY2020-Q3Higher revenue and lower profit after separate classificationAnnual report
「From the first quarter of the current consolidated fiscal year, the remodeling business, which had previously been included in the detached housing business, was made a separate business. For the nine months ended the third quarter of the current consolidated fiscal year, revenue was ¥628 million, up 69.4% year on year, and operating profit was ¥64 million, down 49.7% year on year.」
Other recorded a substantial increase in revenue after the remodeling business was classified separately, while operating profit declined year on year. - FY2020-Q2AdvancedAnnual report
「For the first six months of the current consolidated fiscal year, net sales were ¥302 million, up 17.7% year on year, and operating income was ¥106 million, up 47.2%.」
The remodeling business, which was classified separately from the first quarter, was operated under Other and recorded higher revenue and higher profit in that category. - FY2020-Q1First statedAnnual report
「From the first quarter of the current consolidated fiscal year, the remodeling business, which had previously been included in the detached housing business, was made a separate business and included in Other. This change in segment composition was made in anticipation of future expansion of the remodeling business.」
In anticipation of future expansion of the remodeling business, the Company separated it from the detached housing business and classified it under Other from the first quarter.