Project completions pushed into the second half and delays in large-project schedules
First written in FY2016-Q2. 8 of 10 entries say "Materialised", first in FY2016-Q2. Latest entry: FY2023-Q1.
IDEA Consultants moved to the "Worse" side of this theme in 2016.
1 other company's latest entry also says "Materialised".
- FY2023-Q1MaterialisedAnnual report
「In overseas operations, the start of ordered projects was pushed back to the second quarter or later, resulting in revenue of ¥103 million, down ¥33 million, or 24.6%, from the same quarter of the previous year. Segment loss was ¥18 million, compared with segment profit of ¥12 million in the same quarter of the previous year, due to the decline in revenue.」
The postponement of the start of ordered projects until the second quarter or later materialized as lower revenue and a segment loss in overseas operations. - FY2020-Q3MaterialisedAnnual report
「Revenue fell by ¥925 million from the same quarter of the previous year to ¥5.262 billion, down 15.0%, mainly because overseas-related operations were suspended and completion was postponed in response to measures to prevent the spread of COVID-19, while revenue from disaster prevention and mitigation-related work, including work related to the July 2018 heavy rains in western Japan, and design and maintenance services for infrastructure facilities also declined. Segment profit fell by ¥268 million to ¥684 million, down 28.1%, mainly because of the revenue decline and other factors.」
The suspension of overseas-related operations and postponement of completion continued through the cumulative third quarter, materializing as lower revenue and lower profit in the construction consulting business. - FY2020-Q2MaterialisedAnnual report
「Although the completion of some projects expected to generate revenue during the second quarter of the current consolidated cumulative period was postponed because of temporary work suspensions and extensions to project schedules in response to measures to prevent the spread of COVID-19, the impact was limited. Revenue increased by ¥936 million year on year to ¥15.012 billion, up 6.7%, mainly because large projects involving environmental risk assessments for chemical substances and large-scale marine environmental surveys generated more revenue.」
Temporary work suspensions, extensions to project schedules and postponements of completion also occurred in the second quarter, but their impact on revenue was limited. - FY2020-Q1MaterialisedAnnual report
「Revenue fell by ¥601 million to ¥5.663 billion, down 9.6% from the same quarter of the previous year, mainly because the completion of some projects expected to generate revenue during the first quarter of the current consolidated cumulative period was postponed due to temporary suspensions of ongoing work and extensions to project schedules in response to measures to prevent the spread of COVID-19.」
Temporary work suspensions and extensions to project schedules in response to measures to prevent the spread of infection resulted in postponed project completion, which materialized as a decline in revenue. - FY2018-Q1MitigatedAnnual report
「Revenue increased by ¥105 million year on year to ¥4.644 billion, up 2.3%, mainly because revenue was recognized from a large-scale marine environmental survey and because design and maintenance services for infrastructure facilities increased.」
Revenue recognition was confirmed for the large-scale marine-related work that had previously not generated revenue because of suspension and other factors. - FY2017MitigatedAnnual report
「The environmental monitoring survey for the suspended large-scale marine construction project resumed, allowing the related revenue to be recognized.」
The survey related to the large-scale marine construction project, whose suspension had prevented revenue recognition in prior years, resumed and the related revenue was recognized. - FY2017-Q1MaterialisedAnnual report
「Although order intake and order backlog increased, revenue fell by ¥84 million year on year to ¥4.538 billion, down 1.8%, because more projects were not completed until the second quarter or later.」
The postponement of project completion until the second quarter or later materialized as a 1.8% year-on-year decline in revenue in the first quarter. - FY2016MaterialisedAnnual report
「Environmental monitoring surveys that had already been ordered could not be conducted or recognized as revenue because of the suspension of a large-scale marine construction project.」
The suspension of the large-scale marine construction project continued to prevent the environmental monitoring surveys already ordered from being conducted and their revenue from being recognized over the full fiscal year. - FY2016-Q3MaterialisedAnnual report
「Although order intake increased, revenue fell by ¥251 million year on year to ¥13.550 billion, down 1.8%, mainly because environmental monitoring surveys that had already been ordered could not be conducted or recognized as revenue after the suspension of a large-scale marine construction project, and because of downward changes in the value of radiation decontamination-related work due to lower volumes.」
The suspension of a large project resulted in surveys not being conducted and revenue not being recognized, while downward changes due to lower volumes in decontamination-related work also emerged as factors behind the revenue decline. - FY2016-Q2MaterialisedAnnual report
「Although order intake increased, revenue fell by ¥225 million year on year to ¥12.254 billion, down 1.8%, mainly because more projects were not completed until the second half or later and the schedules for large orders already received were pushed back.」
The timing of project completion and delays to the schedules of large projects were cited as having materialized as a decline in revenue.