Expansion of the Cultural Facilities Business through Museum Projects
First written in FY2017-Q2. 14 of 41 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2027-H1.
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- FY2027-H1AdvancedAnnual report
「In the cultural facilities business, both revenue and segment profit exceeded those of the previous year, partly due to an increase in projects, mainly for museums and corporate museums. As a result, revenue from the cultural facilities business was ¥487.5 million, up 28.2% year on year, and segment profit was ¥35 million, compared with a segment loss of ¥383 million in the previous year.」
Due to an increase in projects for museums, corporate museums and other facilities, revenue increased 28.2% and the business turned from a segment loss in the previous year to a profit of ¥35 million. - FY2026WorsenedAnnual report
「In the cultural facilities business, revenue declined due to lower orders in previous fiscal years and construction progress during the current fiscal year falling below expectations. The decline in revenue meant that fixed costs could not be covered, and both revenue and segment results fell below those of the previous consolidated fiscal year. As a result, revenue from the cultural facilities business was ¥892.9 million, down 10.0% year on year, and segment loss was ¥616 million, compared with a segment loss of ¥95 million in the previous consolidated fiscal year.」
Due to lower orders in previous fiscal years and construction progress falling short of expectations, the cultural facilities business saw revenue decrease 10.0%, while the segment loss widened from ¥95 million to ¥616 million. - FY2026-H1WorsenedAnnual report
「In the cultural facilities business, revenue declined due to lower orders in previous fiscal years and construction progress during the current fiscal year falling below expectations. The decline in revenue also meant that fixed costs could not be covered, and both revenue and segment profit fell below those of the previous year. As a result, revenue from the cultural facilities business was ¥380.2 million, down 26.2% year on year, and segment loss was ¥383 million, compared with segment profit of ¥30 million in the previous year.」
Due to lower orders in previous fiscal years and construction progress falling short of expectations, the cultural facilities business saw revenue decrease 26.2% and turned from profit in the previous year to a ¥383 million loss. - FY2025WorsenedAnnual report
「In the cultural facilities business, revenue was broadly in line with the plan, but profitability fell below the previous consolidated fiscal year because the improvement in profitability fell short of expectations. As a result, revenue from the cultural facilities business was ¥992.5 million, down 7.0% year on year, and segment loss was ¥95 million, compared with segment profit of ¥293 million in the previous consolidated fiscal year.」
The cultural facilities business saw revenue decrease 7.0% and turned from segment profit to a ¥95 million loss. - FY2025-H1AdvancedAnnual report
「In the cultural facilities business, revenue remained broadly in line with the previous year's level, but segment profit exceeded the previous year's level as the number of low-profitability projects trended down. As a result, revenue from the cultural facilities business was ¥514.9 million, up 4.0% year on year, and segment profit was ¥30 million, compared with a segment loss of ¥114 million in the previous year.」
As the number of low-profitability projects trended down, the cultural facilities business turned from a segment loss in the previous year to a profit of ¥30.25 million. Revenue also increased 4.0%. - FY2025-Q1AdvancedAnnual report
「In the cultural facilities business, both revenue and segment profit exceeded those of the same quarter of the previous year, partly because large-scale projects were completed and the number of low-profitability projects was trending down.」
Revenue increased 21.3% and segment profit increased 1,176.2% due to the completion of large-scale projects and a decline in low-profitability projects. - FY2024MitigatedAnnual report
「In the cultural facilities business, both revenue and segment profit exceeded those of the previous consolidated fiscal year, partly because highly profitable projects were recognized in the fourth quarter.」
From lower profit due to a decline in highly profitable projects in the previous year, results improved with the recognition of highly profitable projects in the fourth quarter, bringing full-year revenue to ¥1,067.2 million and segment profit to ¥293 million. - FY2024-Q3WorsenedAnnual report
「As a result, revenue from the cultural facilities business was ¥694.9 million, down 1.0% year on year, and segment loss was ¥93 million, compared with segment profit of ¥91 million in the same period of the previous year.」
Due to a decline in highly profitable projects, the cultural facilities business saw revenue decrease 1.0% and turned from profit in the previous year to a ¥93 million segment loss. - FY2024-Q2WorsenedAnnual report
「In the cultural facilities business, both revenue and segment profit fell below those of the same quarter of the previous year due partly to a decline in highly profitable projects. As a result, revenue from the cultural facilities business was ¥495.0 million, down 9.1% year on year, and segment loss was ¥114 million, compared with segment profit of ¥227 million in the same period of the previous year.」
Although the decline in revenue narrowed from the first quarter, segment profit turned from profit in the same period of the previous year to a ¥114 million loss. - FY2024-Q1WorsenedAnnual report
「In the cultural facilities business, both revenue and segment profit fell below those of the same quarter of the previous year due partly to a decline in highly profitable projects.」
From a 6.7% decline in revenue and an 81.6% decline in segment profit in the previous full fiscal year, the first quarter saw revenue decrease 30.3% and segment profit decrease 96.9%, widening the declines in both revenue and profit. - FY2023WorsenedAnnual report
「In the cultural facilities business, both revenue and segment profit fell below those of the previous consolidated fiscal year due partly to a decline in highly profitable projects.」
Due to a decline in highly profitable projects, revenue decreased 6.7% and segment profit decreased 81.6%. - FY2023-Q3WorsenedAnnual report
「In the cultural facilities business, revenue was broadly in line with that of the same quarter of the previous year, but segment profit fell below the previous year's level due partly to a decline in highly profitable projects.」
Profit declined again due to a decrease in highly profitable projects, following the cumulative second quarter. In the cumulative third quarter, revenue decreased 2.7% and segment profit decreased 64.6%. - FY2023-Q2Narrower revenue decline, wider operating profit declineAnnual report
「In the cultural facilities business, revenue was broadly in line with that of the same quarter of the previous year, but segment profit fell below the previous year's level due partly to a decline in highly profitable projects. As a result, revenue from the cultural facilities business was ¥544.5 million, down 0.3% year on year, and segment profit was ¥22.7 million, down 25.5%.」
The decline in revenue narrowed to 0.3% year on year, while segment profit decreased 25.5% due to a decline in highly profitable projects. - FY2023-Q1WorsenedAnnual report
「In the cultural facilities business, revenue was broadly in line with that of the same quarter of the previous year, but segment profit fell below the previous year's level due partly to a decline in highly profitable projects.」
From revenue growth and higher segment profit in the previous full fiscal year, results changed to a 3.8% decline in revenue and a 16.3% decline in segment profit due to a decrease in highly profitable projects. - FY2022Profit decline despite revenue growthAnnual report
「In the cultural facilities business, revenue exceeded that of the previous consolidated fiscal year, but segment profit fell below it due partly to a decline in highly profitable projects.」
Revenue increased 9.1%, but segment profit decreased 1.0% due to a decline in highly profitable projects. - FY2022-Q3Narrower revenue growth accompanied by a narrower profit declineAnnual report
「In the cultural facilities business, revenue was broadly in line with that of the same quarter of the previous year, but segment profit fell below the previous year's level due partly to a decline in highly profitable projects.」
Revenue increased due to large-scale projects and other factors, while profit declined due to a decrease in highly profitable projects. Year on year, revenue increased 2.3% and segment profit decreased 27.3%, with both the revenue growth rate and the profit decline narrowing from the previous cumulative quarter. - FY2022-Q2Profit decline despite revenue growthAnnual report
「In the cultural facilities business, revenue was broadly in line with that of the same quarter of the previous year, but segment profit fell below the previous year's level due partly to a decline in highly profitable projects.」
From revenue and profit growth driven by an increase in large-scale projects in the previous quarter, cumulative second-quarter revenue increased 7.5% year on year, while segment profit decreased 33.9% due to a decline in highly profitable projects. - FY2022-Q1AdvancedAnnual report
「In the cultural facilities business, both revenue and segment profit exceeded those of the same quarter of the previous year, partly due to an increase in large-scale projects. As a result, revenue from the cultural facilities business was ¥396.8 million, up 10.8% year on year, and segment profit was ¥46.5 million, up 23.4%.」
Although the previous consolidated fiscal year saw lower revenue but higher profit, revenue increased 10.8% and segment profit increased 23.4% in the first quarter due to an increase in large-scale projects, resulting in both revenue and profit growth. - FY2021Profit growth continued despite full-year revenue declineAnnual report
「In the cultural facilities business, revenue was slightly below that of the previous consolidated fiscal year, while segment profit exceeded the previous consolidated fiscal year, partly due to an increase in large-scale projects. As a result, revenue from the cultural facilities business was ¥925.0 million, down 6.1% year on year, and segment profit was ¥38.8 million, up 63.3%.」
From revenue growth and substantial profit growth in the cumulative third quarter, full-year revenue turned to a 6.1% decline, while segment profit increased 63.3%, supported by an increase in large-scale projects. - FY2021-Q3AdvancedAnnual report
「In the cultural facilities business, both revenue and segment profit exceeded those of the same quarter of the previous year, partly due to an increase in large-scale projects. As a result, revenue from the cultural facilities business was ¥705.1 million, up 3.5% year on year, and segment profit was ¥35.4 million, up 310.2%.」
From a 6.9% decline in revenue and a 61.8% increase in segment profit in the cumulative second quarter, cumulative third-quarter revenue increased 3.5% and segment profit increased 310.2%. Revenue also turned to growth, supported by an increase in large-scale projects. - FY2021-Q2MitigatedAnnual report
「In the cultural facilities business, revenue fell below that of the same quarter of the previous year due partly to delays in large-scale projects. However, segment profit exceeded that of the same quarter of the previous year, partly because there were more highly profitable projects. As a result, revenue from the cultural facilities business was ¥507.9 million, down 6.9% year on year, and segment profit was ¥46.0 million, up 61.8%.」
From a decline of 8.6% in revenue and 16.3% in segment profit in the first quarter, the revenue decline narrowed to 6.9% and segment profit turned to a 61.8% increase. - FY2021-Q1MitigatedAnnual report
「In the cultural facilities business, both revenue and segment profit fell below those of the same quarter of the previous year, partly because there were fewer large-scale projects. As a result, revenue from the cultural facilities business was ¥358.2 million, down 8.6% year on year, and segment profit was ¥37.7 million, down 16.3%.」
Although the decline in revenue and profit due to fewer large-scale projects continued, the declines narrowed from 35.1% in revenue and 58.6% in operating profit in the same period of the previous year. - FY2020WorsenedAnnual report
「In the cultural facilities business, both revenue and operating profit fell below those of the previous consolidated fiscal year, partly because there were fewer large-scale projects.」
Due to a decline in large-scale projects, full-year revenue decreased 9.5% and operating profit decreased 62.9%. - FY2020-Q3Narrower revenue decline, wider operating profit declineAnnual report
「In the cultural facilities business, both revenue and operating profit fell below those of the same quarter of the previous year, partly because there were fewer large-scale projects than in the previous fiscal year. As a result, revenue from the cultural facilities business was ¥681.2 million, down 18.0% year on year, and operating profit was ¥8.6 million, down 84.9%.」
The year-on-year decline in revenue and profit continued. The decline in revenue narrowed from 22.5% in the cumulative second quarter to 18.0%, while the decline in operating profit widened from 63.1% to 84.9%. - FY2020-Q2Narrower revenue decline, wider operating profit declineAnnual report
「In the cultural facilities business, both revenue and operating profit fell below those of the same quarter of the previous year, partly because there were fewer large-scale projects than in the previous fiscal year. As a result, revenue from the cultural facilities business was ¥545.3 million, down 22.5% year on year, and operating profit was ¥28.4 million, down 63.1%.」
The year-on-year decline in revenue and profit continued. The decline in revenue narrowed from 35.1% in the first quarter to 22.5%, while the decline in operating profit widened from 58.6% to 63.1%. - FY2020-Q1WorsenedAnnual report
「In the cultural facilities business, both revenue and operating profit fell below those of the same quarter of the previous year due to weakness in public investment overall and fewer large-scale projects than in the previous fiscal year.」
Due to weakness in public investment and a decline in large-scale projects, revenue decreased 35.1% year on year and operating profit decreased 58.6%. - FY2019-Q3RestatedAnnual report
「In the cultural facilities business, public investment overall remained firm. Both revenue and operating profit exceeded those of the same quarter of the previous year, partly because there were more large-scale projects.」
Revenue and operating profit in the cultural facilities business have continued to exceed the previous year's levels, supported by firm public investment and an increase in large-scale projects. - FY2019-Q2RestatedAnnual report
「In the cultural facilities business, both revenue and operating profit exceeded those of the same quarter of the previous year, partly because there were more large-scale projects. As a result, revenue from the cultural facilities business was ¥703.6 million, up 26.4% year on year, and operating profit was ¥77.1 million, up 82.0%.」
Revenue and operating profit in the cultural facilities business have continued to exceed the previous year's levels, supported by large-scale projects. - FY2019-Q1MitigatedAnnual report
「In the cultural facilities business, both revenue and operating profit exceeded those of the same quarter of the previous year, partly because there were more large-scale projects. As a result, revenue from the cultural facilities business was ¥604 million, up 33.1% year on year, and operating profit was ¥108.9 million, up 61.6%.」
Although the previous full fiscal year saw revenue growth but lower profit, revenue increased 33.1% and operating profit increased 61.6% in the first quarter, due to an increase in large-scale projects. - FY2018Full-year revenue growth and profit decline confirmedAnnual report
「The cultural facilities business handled many projects for museums, science museums and other facilities, and revenue exceeded that of the previous consolidated fiscal year. However, profitability fell short, and operating profit was below the previous consolidated fiscal year.」
Following the explanation of lower revenue and profit due to a decline in large-scale projects, full-year revenue turned to a 0.9% increase, while operating profit decreased 14.4%. - FY2018-Q3Narrower revenue decline, wider operating profit declineAnnual report
「Although the company handled many projects for museums, science museums and other facilities, both revenue and operating profit fell below the same quarter of the previous year, partly because there were fewer large-scale projects.」
The decline in revenue and operating profit has continued due to a decline in large-scale projects. Year on year, the decline in revenue narrowed slightly to 16.7%, while the decline in operating profit widened to 56.3%. - FY2018-Q2WorsenedAnnual report
「Although the company handled many projects for museums, science museums and other facilities, both revenue and operating profit fell below the same quarter of the previous year, partly because there were fewer large-scale projects.」
Although the company handled projects for museums, science museums and other facilities, revenue from the cultural facilities business decreased 17.9% and operating profit decreased 42.5% due to a decline in large-scale projects. - FY2018-Q1RestatedAnnual report
「In the cultural facilities business, performance remained solid as the company handled a large number of new-build and renovation projects for museums, with net sales and operating profit remaining roughly in line with the same quarter of the previous year.」
The company continues to explain that it is handling new museum renovation projects and steadily operating its cultural facilities business. Revenue decreased 0.6% year on year, while operating profit increased 9.1%. - FY2017RestatedAnnual report
「In the cultural facilities business, net sales and operating profit exceeded the previous fiscal year due to solid overall public investment and the handling of a large number of highly profitable projects, among other factors.」
The explanation continues to attribute growth in net sales and operating profit in the cultural facilities business to solid public investment and highly profitable projects. - FY2017-Q3RestatedAnnual report
「In the cultural facilities business, overall public investment remained firm, and the company handled a large number of new-build and renovation projects for various museums, resulting in higher net sales and operating profit than in the same quarter of the previous year. As a result, net sales in the cultural facilities business were ¥8,604 million, up 15.6% year on year, and operating profit was ¥772 million, up 232.5%.」
The explanation continues to cite the large number of new-build and renovation projects for various museums, against a backdrop of solid public investment, as the reason for higher net sales and operating profit. - FY2017-Q2First statedAnnual report
「In the cultural facilities business, overall public investment declined moderately, but the company handled a large number of projects for various museums, resulting in higher net sales and operating profit than in the same quarter of the previous year. As a result, net sales in the cultural facilities business were ¥6,781 million, up 9.7% year on year, and operating profit was ¥737 million, up 36.4%.」
Despite the decline in public investment, the company handled a large number of projects for various museums and increased net sales and operating profit.