Exclusion from consolidation of four companies in the Lifestyle and Business Solutions business due to share transfers
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2023: 2 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「In terms of revenue, sales to external customers decreased by ¥1,001 million year on year, or 1.3%, to ¥74,570 million, due mainly to a decline in home security service revenue following the merger of Kanden Security of Society Co., Ltd. into OPTAGE Inc., as well as the exclusion of 4 companies from the scope of consolidation due to share transfers conducted in the previous fiscal year.」
The transfer of the home security business and the exclusion of 4 companies from consolidation following share transfers in the previous fiscal year continue to be cited as factors affecting revenue in the lifestyle and business solutions business. - FY2024-Q1First statedAnnual report
「Following the exclusion of 4 companies from the scope of consolidation due mainly to share transfers conducted in the previous fiscal year, sales to external customers decreased by ¥3,452 million year on year, or 10.0%, to ¥31,199 million. Including intersegment sales, sales decreased by ¥4,654 million, or 10.3%, to ¥40,592 million.」
The exclusion of 4 companies from the scope of consolidation in the lifestyle and business solutions business following share transfers conducted in the previous fiscal year was cited for the first time as an independent theme.