Declining Service Profitability in the Communications Network Business and Deteriorating Future Cash Flows
First written in FY2017-Q1. 5 of 8 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2022.
0 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「As a result, revenue from the communications business was ¥50,764 million, up 5.4% year on year, and operating income was ¥5,367 million, up 18.4% year on year.」
Revenue and operating income in the communications business both increased year on year, with operating income reaching ¥5,367 million. This updates the improvement in profitability following the decline previously disclosed. - FY2022-Q3AdvancedAnnual report
「As a result, revenue from the communications business for the cumulative third quarter of the current consolidated fiscal year was ¥38,955 million, up 5.4% year on year, and operating income was ¥4,319 million, up 26.0% year on year.」
Revenue and operating income in the communications business both increased year on year, with operating income reaching ¥4,319 million. This updates the previously disclosed improvement in the communications business’s profitability. - FY2022-Q2MitigatedAnnual report
「As a result, revenue from the communications business for the cumulative second quarter of the current consolidated fiscal year was ¥25,258 million, up 5.7% year on year, and operating income was ¥2,790 million, up 37.5% year on year.」
Revenue and operating income in the communications business both increased year on year, with operating income reaching ¥2,790 million. This updates the improvement in the communications business’s profitability following the decline previously disclosed. - FY2018MitigatedAnnual report
「As a result, revenue from the communications business was ¥27,955 million and operating income was ¥2,390 million.」
The communications business recorded operating income of ¥2,390 million and continued to improve profitability from the operating loss previously recorded by the communications network business. - FY2017MitigatedAnnual report
「As a result, revenue from the communications network business was ¥32,385 million, up 7.6% from the previous consolidated fiscal year, and operating income was ¥1,748 million, compared with an operating loss of ¥614 million in the same period of the previous year.」
The communications network business moved from an operating loss in the previous fiscal year to operating income in the current fiscal year, improving the manifestation of the decline in profitability. - FY2017-Q3MitigatedAnnual report
「Meanwhile, amid the rapid expansion of the business, the communications network business experienced an increase in irrecoverable receivables, inventory valuation losses and impairment losses, mainly on software, in the previous consolidated fiscal year, and continued efforts to improve the situation during the first quarter of the current fiscal year.」
It indicates that issues including declining profitability arose in the previous fiscal year and that efforts to improve performance continued in the first quarter of the current fiscal year. - FY2016MaterialisedAnnual report
「In the “Communications Network Business” segment, we recorded an impairment loss of ¥546.818 million on assets related to certain services whose profitability had declined and whose future cash flows were expected to be negative.」
The decline in profitability and expected negative future cash flows have materialized as an actual impairment loss. - FY2017-Q1First statedAnnual report
「In the “Communications Network Business” segment, we recorded an impairment loss on assets related to certain services whose profitability had declined and whose future cash flows were expected to be negative.」
It indicates that the profitability of certain services had declined and that their future cash flows were expected to be negative, and that an impairment loss had been recorded on the related assets.