Construction Business: Higher Revenue and Profit and Increased Order Backlog
First written in FY2017-Q3. 8 of 21 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023-Q1.
Seibu Holdings moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2020: 4 of 28 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2023-Q1DroppedAnnual report
「The construction business segment was discontinued from the first quarter of the current consolidated fiscal year due to the exclusion of 西武建設株式会社 from the scope of consolidation.」
The former construction business segment was discontinued following the exclusion of 西武建設株式会社 from the scope of consolidation. - FY2022WorsenedAnnual report
「Operating revenue from the construction business decreased to ¥79,742 million, down ¥16,391 million, or 17.1%, from the previous fiscal year, due to the transfer of shares in 西武建材株式会社 and a decrease in intra-group construction work, among other factors. Operating income decreased to ¥3,903 million, down ¥155 million, or 3.8%, while operating income before depreciation decreased to ¥4,195 million, down ¥357 million, or 7.9%.」
The construction business recorded lower revenue and profit due to the transfer of shares in 西武建材株式会社 and a decrease in intra-group construction work, and the closing balance carried forward also decreased from ¥68,454 million to ¥58,033 million. - FY2022-Q3WorsenedAnnual report
「Operating revenue from the construction business decreased to ¥62,289 million, down ¥8,261 million, or 11.7%, from the same period of the previous year, due to the transfer of shares in 西武建材株式会社 and a decrease in intra-group construction work, among other factors. Operating income increased to ¥3,767 million, up ¥602 million, or 19.0%, due to improved profit margins, among other factors, while operating income before depreciation increased to ¥3,996 million, up ¥468 million, or 13.3%.」
The construction business recorded lower revenue due to the transfer of shares in 西武建材株式会社, while operating income increased due to improved profit margins. The closing balance carried forward decreased from ¥68,889 million in the same period of the previous year to ¥54,247 million. - FY2022-Q2WorsenedAnnual report
「Operating revenue from the construction business decreased to ¥41,687 million, down ¥4,626 million, or 10.0%, from the same period of the previous year, due to the transfer of shares in 西武建材株式会社 and a decrease in intra-group construction work, among other factors. Operating income was ¥1,809 million, broadly unchanged from the same period of the previous year, when operating income was ¥1,809 million, while operating income before depreciation decreased to ¥1,976 million, down ¥68 million, or 3.3%.」
The construction business recorded lower revenue due to the transfer of shares in 西武建材株式会社 and a decrease in intra-group construction work, while operating income before depreciation also decreased. The closing balance carried forward decreased from ¥71,022 million in the same period of the previous year to ¥61,720 million. - FY2022-Q1WorsenedAnnual report
「Operating revenue from the construction business decreased to ¥22,399 million, down ¥1,332 million, or 5.6%, from the same period of the previous year, due to the impact of applying the Revenue Recognition Accounting Standard and other standards at 西武建材株式会社 (Note), as well as a decrease in intra-group construction work. Operating income decreased to ¥808 million, down ¥165 million, or 17.0%, while operating income before depreciation decreased to ¥916 million, down ¥170 million, or 15.7%.」
The construction business recorded lower revenue and profit. While new orders during the period increased, the closing balance carried forward decreased from ¥66,598 million in the same period of the previous year to ¥59,854 million. - FY2021WorsenedAnnual report
「Operating revenue from the construction business decreased to ¥96,134 million, down ¥15,636 million, or 14.0%, from the previous fiscal year, due to a decline in construction progress associated with the COVID-19 pandemic, among other factors. Operating income decreased to ¥4,058 million, down ¥1,578 million, or 28.0%, while operating income before depreciation decreased to ¥4,552 million, down ¥1,535 million, or 25.2%.」
The construction business recorded lower revenue and profit, and the closing balance carried forward also decreased from ¥77,871 million to ¥68,454 million. - FY2021-Q3WorsenedAnnual report
「Opening balance carried forward 88,975 77,871 New orders during the period 45,568 41,913 Closing balance carried forward 81,107 68,889」
New orders during the period in the construction business decreased from ¥45,568 million in the same period of the previous year to ¥41,913 million, while the closing balance carried forward decreased from ¥81,107 million to ¥68,889 million. - FY2021-Q2WorsenedAnnual report
「Opening balance carried forward 88,975 77,871 New orders during the period 34,071 26,768 Closing balance carried forward 87,807 71,022」
New orders during the period in the construction business decreased from ¥34,071 million in the same period of the previous year to ¥26,768 million, while the closing balance carried forward decreased from ¥87,807 million to ¥71,022 million. - FY2021-Q1WorsenedAnnual report
「Operating revenue from the construction business decreased to ¥23,732 million, down ¥1,083 million, or 4.4%, from the same period of the previous year, due to a decrease in construction work carried forward and a decline in construction progress associated with the COVID-19 pandemic, among other factors. Operating income decreased to ¥973 million, down ¥138 million, or 12.5%, while operating income before depreciation decreased to ¥1,086 million, down ¥128 million, or 10.6%.」
The construction business changed from higher revenue and profit in the same period of the previous year to lower revenue and profit, including a decline in construction progress due to COVID-19. - FY2020-Q3ReframedAnnual report
「As a result, operating revenue from the construction business increased to ¥76,389 million, up ¥800 million, or 1.1%, from the same period of the previous year. Operating income decreased to ¥3,510 million, down ¥146 million, or 4.0%, due to an increase in general and administrative expenses, among other factors.」
The business changed from higher revenue and profit in the previous quarter to higher revenue but lower profit in the current quarter due to an increase in general and administrative expenses, among other factors. The balance carried forward at the end of the period also decreased from ¥96,308 million in the same period of the previous year to ¥81,107 million. - FY2020-Q2AdvancedAnnual report
「As a result, operating revenue from the construction business increased to ¥50,111 million, up ¥1,881 million, or 3.9%, from the same period of the previous year. Operating income increased to ¥2,380 million, up ¥261 million, or 12.3%, while operating income before depreciation increased to ¥2,592 million, up ¥274 million, or 11.9%.」
The construction business recorded higher revenue and profit year on year. The balance carried forward at the end of the period was ¥87,807 million, below ¥100,045 million in the same period of the previous year. - FY2020-Q1AdvancedAnnual report
「As a result, operating revenue from the construction business increased to ¥24,815 million, up ¥4,526 million, or 22.3%, from the same period of the previous year. Operating income increased to ¥1,112 million, up ¥549 million, or 97.5%, while operating income before depreciation increased to ¥1,214 million, up ¥555 million, or 84.2%.」
The construction business recorded higher revenue and profit year on year. Meanwhile, the balance carried forward at the end of the period decreased from ¥104,580 million to ¥84,193 million. - FY2019-Q3RestatedAnnual report
「As a result, operating revenue from the construction business increased to ¥75,589 million, up ¥4,297 million, or 6.0%, from the same period of the previous year, due to an increase in construction work carried forward from the previous fiscal year. However, operating income decreased slightly to ¥3,656 million, down ¥5 million, or 0.1%, due to the reversal of high-margin construction work in the same period of the previous year, among other factors.」
The construction business recorded higher revenue due to an increase in construction work carried forward, while operating income edged down due to the reversal of high-margin construction work in the same period of the previous year. - FY2019-Q2ReframedAnnual report
「As a result, operating revenue from the construction business increased to ¥48,230 million, up ¥870 million, or 1.8%, from the same period of the previous year, due to an increase in construction work carried forward from the previous fiscal year. However, operating income decreased to ¥2,119 million, down ¥222 million, or 9.5%, and operating income before depreciation decreased to ¥2,317 million, down ¥207 million, or 8.2%, due to the reversal of high-margin construction work in the same period of the previous year, among other factors.」
The business changed from lower revenue and profit in the previous quarter to higher revenue but lower operating income and operating income before depreciation in the current quarter. - FY2019-Q1ReframedAnnual report
「Operating revenue from the construction business decreased to ¥20,288 million, down ¥3,246 million, or 13.8%, from the same period of the previous year, due to progress on a large-scale construction project in the construction business in the same period of the previous year, among other factors. Despite efforts to improve profit margins, operating income decreased to ¥563 million, down ¥63 million, or 10.1%, due to lower revenue, while operating income before depreciation decreased to ¥659 million, down ¥55 million, or 7.8%.」
The construction business recorded lower revenue and profit, while new orders during the period were ¥17,655 million and the balance carried forward at the end of the period was ¥104,580 million, indicating an increase in the order backlog. - FY2018RestatedAnnual report
「However, operating revenue from the construction business decreased to ¥100,002 million, down ¥14,993 million, or 13.0%, from the previous fiscal year, due to the presence of a large-scale construction project in the construction business in the previous fiscal year, among other factors, while operating income decreased to ¥4,752 million, down ¥5,073 million, or 51.6%.」
Both annual operating revenue and operating income in the construction business decreased due to the reversal of the previous fiscal year's large-scale construction project. - FY2018-Q3ReframedAnnual report
「However, operating revenue from the construction business decreased to ¥71,291 million, down ¥5,555 million, or 7.2%, from the same period of the previous year, due to the presence of a large-scale construction project in the construction business in the same period of the previous year, among other factors. Operating income decreased to ¥3,661 million, down ¥965 million, or 20.9%, while operating income before depreciation decreased to ¥3,946 million, down ¥955 million, or 19.5%.」
The business changed from lower revenue but higher operating income and operating income before depreciation in the previous quarter to lower revenue and profit in the current quarter. - FY2018-Q2ReframedAnnual report
「Operating revenue from the construction business decreased to ¥47,359 million, down ¥206 million, or 0.4%, from the same period of the previous year, due to a decrease in landscaping contract work, among other factors. However, operating income increased to ¥2,341 million, up ¥374 million, or 19.1%, and operating income before depreciation increased to ¥2,525 million, up ¥380 million, or 17.7%, due to improved profit margins on civil engineering work in the construction business, among other factors.」
The business changed from higher revenue but lower profit in the previous quarter to lower revenue but higher operating income and operating income before depreciation in the current quarter. - FY2018-Q1ReframedAnnual report
「As a result, operating revenue from the construction business increased to ¥23,535 million, up ¥576 million, or 2.5%, from the same period of the previous year. However, operating income decreased to ¥626 million, down ¥168 million, or 21.2%, and operating income before depreciation decreased to ¥715 million, down ¥164 million, or 18.7%, due to the presence of a high-margin renovation project in the construction business in the same period of the previous year, among other factors.」
The business changed from higher revenue and profit in the previous fiscal year to higher revenue but lower operating income and operating income before depreciation in the current quarter. New orders also decreased from ¥20,264 million in the same period of the previous year to ¥13,185 million. - FY2017RestatedAnnual report
「Operating revenue from the construction business increased to ¥114,996 million, up ¥10,012 million, or 9.5%, from the previous fiscal year, due to increases in civil engineering and renovation work in the construction business, as well as landscaping contract work. Operating income increased to ¥9,825 million, up ¥6,130 million, or 165.9%, due in addition to higher revenue to the completion of a civil engineering project with a temporarily high profit margin, among other factors.」
The construction business recorded higher revenue and profit for the full fiscal year. - FY2017-Q3First statedAnnual report
「Operating revenue from the construction business increased to ¥76,846 million, up ¥7,993 million, or 11.6%, from the same period of the previous year, due to increases in civil engineering and renovation work in the construction business, as well as landscaping contract work. Operating income increased to ¥4,627 million, up ¥3,227 million, or 230.5%, while operating income before depreciation increased to ¥4,901 million, up ¥3,250 million, or 196.8%.」
Operating revenue and operating income in the construction business exceeded the same period of the previous year, driven by increases in civil engineering, renovation and landscaping contract work.