Insufficient acquisition of large-scale projects, including tie-up advertising
First written in FY2017-Q1. 5 of 9 entries say "Restated". Latest entry: FY2020-Q1.
0 other companies' latest entry also says "Reframed".
- FY2020-Q1ReframedAnnual report
「The Company also narrowed down projects after re-examining their profitability, including projects it had received continuously every year. Revenue was ¥425 million, down ¥63 million from the cumulative first quarter of the previous fiscal year.」
Rather than insufficient acquisition of major or recurring projects, the Company reported that it deliberately narrowed down projects based on a re-examination of their profitability, changing the significance of project acquisition as a theme. - FY2019DroppedAnnual report
「Advertising revenue also declined as the number of magazines carrying advertisements decreased. Advertising revenue was ¥94 million lower than in the previous consolidated fiscal year, at ¥676 million.」
No insufficient acquisition of major projects was explicitly cited. The decline in advertising revenue was attributed to a decrease in the number of magazines carrying advertisements. - FY2018-Q3RestatedAnnual report
「Electronic sales were ¥1,635 million, down ¥347 million from the first nine months of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of a large recurring project in the previous consolidated fiscal year also had an impact.」
The impact of major recurring projects lost in the previous fiscal year continues to be cited as a factor behind the decline in electronic sales, along with the impact of free navigation apps. - FY2018-Q2RestatedAnnual report
「Electronic sales were ¥1,097 million, down ¥254 million from the first six months of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of a large recurring project in the previous consolidated fiscal year also had an impact.」
The impact on revenue from losing major recurring projects continues to be reported, along with the impact of free navigation apps. - FY2018-Q1RestatedAnnual report
「In the electronics business, sales related to the Group's PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of large ongoing projects in the previous fiscal year also affected results. Net sales were ¥514 million, a decrease of ¥171 million from the cumulative first quarter of the previous fiscal year.」
The impact of losing major recurring projects continues to be cited as a factor behind the decline in electronic sales, along with lower PND sales due to free navigation apps. - FY2017RestatedAnnual report
「In electronic sales, revenue from Mapple Navi, a simplified navigation application for car navigation systems, declined substantially, mainly due to the impact of free navigation apps on smartphones and other devices and weak sales of minicars. In addition, the acquisition of new projects to offset the loss of major projects that had continued from earlier periods did not progress as expected.」
The situation in which the acquisition of new projects to offset the loss of major projects has not progressed as expected continues to be reported for the full year. - FY2017-Q3RestatedAnnual report
「In the electronics business, in addition to the decline in sales related to PNDs (basic car navigation systems), the acquisition of new projects to offset the loss of large projects that had been ongoing for some time did not progress as expected. Net sales were ¥1,983 million, a decrease of ¥474 million from the cumulative third quarter of the previous fiscal year.」
The loss of major projects and delays in acquiring new projects to offset them continue to be cited as factors behind the decline in electronic sales. - FY2017-Q2WorsenedAnnual report
「In the electronics business, in addition to the decline in sales related to PNDs (basic car navigation systems), the acquisition of new projects to offset the loss of large projects that had been ongoing for some time did not progress as expected. Net sales were ¥1,351 million, a decrease of ¥320 million from the cumulative second quarter of the previous fiscal year.」
In addition to the previously cited tie-up advertising and other projects, the Company reported this time that it lost major electronic sales projects and that the acquisition of new projects was delayed. - FY2017-Q1First statedAnnual report
「Advertising revenue decreased slightly because the Company was unable to secure major projects, including tie-up advertising.」
Advertising revenue decreased slightly because the Company was unable to secure major projects, including tie-up advertising.