Failure to meet profit plan due to cost overruns in launching a soil-washing plant
First written in FY2018-Q2. 1 of 4 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020MitigatedAnnual report
「At the Yatomi Recycling Center, the higher operating rate of the soil-washing facilities increased the cost-saving benefits from processing, enabling an improvement in profit margins.」
It was stated that the higher operating rate at the Yatomi Recycling Center generated processing cost savings and improved profit margins, offsetting the pressure on profit from past start-up costs and delays in raising the operating rate. - FY2018MaterialisedAnnual report
「In addition, the second half of the fiscal year was a period between major orders, and revenue remained weak. As a result, although the company secured a slight increase in revenue, operating profit declined by more than 10%, and both revenue and profit fell well below the initial forecasts.」
It was stated that the gap between major orders, costs related to the new plant, and the failure to meet the initial revenue and profit forecasts actually occurred in the full-year results. - FY2018-Q3WorsenedAnnual report
「The rise in the operating rate of the new soil-contamination remediation plant completed at the beginning of the fiscal year was delayed, start-up costs were higher than expected, and revenue fell below plan as the company entered a gap between major orders, resulting in lower revenue and lower profit.」
In addition to the failure to meet the profit plan due to the previously indicated cost overruns in start-up expenses, the delayed rise in the new plant's operating rate and the failure to meet the revenue plan resulted in lower revenue and lower profit, as stated. - FY2018-Q2First statedAnnual report
「At 株式会社ダイセキ環境ソリューション, whose primary business is soil-contamination remediation, revenue was broadly in line with plan, but start-up costs for the new soil-contamination remediation plant completed at the beginning of the fiscal year were higher than expected, resulting in profit falling below plan.」
It was stated that start-up costs for the new soil-contamination remediation plant completed at the beginning of the fiscal year were higher than expected, while revenue was broadly in line with plan and profit fell below plan.