Developing an Asian advertising business through collaboration with CSK, zMessenger and SmartMetro
First written in FY2018-Q1. 7 of 19 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2AdvancedAnnual report
「Against this backdrop, at the end of July, the Company sold part of its shares in Roar Media, one of the investees of STRIDERS GLOBAL INVESTMENT PTE.LTD. that operates digital media platforms in Sri Lanka and Bangladesh, and recorded a capital gain as a result.」
The filing describes concrete results from the existing Asian digital media investment, including the partial sale of Roar Media shares and the realization of a capital gain. - FY2023-Q2No overseas-business revenue recorded after CSK's exclusion from consolidationAnnual report
「In Indonesia, PT. Citra Surya Komunikasi primarily operated an advertising agency business serving Japanese companies. However, during the three-month period ended 30 September of the previous fiscal year, part of the shares in consolidated subsidiary PT. Citra Surya Komunikasi was transferred, and the company was excluded from the scope of consolidation. As a result, no revenue was recorded for the overseas business for the six-month period ended 30 September, compared with revenue of ¥48 million in the same period of the previous year. Operating loss was ¥1 million, compared with an operating loss of ¥82 million in the same period of the previous year.」
After PT. Citra Surya Komunikasi was excluded from consolidation, no overseas-business revenue was recorded. Operating loss narrowed from ¥82 million in the same period of the previous year to ¥1 million. - FY2023-Q1No overseas-business revenue recorded after CSK's exclusion from consolidationAnnual report
「In Indonesia, PT. Citra Surya Komunikasi primarily operated an advertising agency business serving Japanese companies. However, during the three-month period ended 30 September of the previous fiscal year, part of the shares in consolidated subsidiary PT. Citra Surya Komunikasi was transferred, and the company was excluded from the scope of consolidation. As a result, no revenue was recorded for the overseas business for the three-month period ended 30 June, compared with revenue of ¥13 million in the same period of the previous year. Operating loss was ¥0 million, compared with an operating loss of ¥43 million in the same period of the previous year.」
After the partial transfer of PT. Citra Surya Komunikasi and its exclusion from consolidation, no overseas-business revenue was recorded, while operating loss narrowed from ¥43 million in the same period of the previous year to ¥0 million. - FY2022Overseas advertising business: full-year revenue decline and continued losses, transitioning to an investment business after CSK's exclusion from consolidationAnnual report
「Revenue from the overseas business for the fiscal year was ¥48 million, down 88.7% year on year, and operating loss was ¥84 million, compared with an operating loss of ¥40 million in the previous fiscal year. There was little change from the first half, or the six-month period ended 30 September.」
After the partial transfer of PT. Citra Surya Komunikasi and its exclusion from consolidation, the overseas business recorded full-year revenue of ¥48 million and an operating loss of ¥84 million, widening the loss from the previous year's operating loss of ¥40 million. - FY2022-Q3AdvancedAnnual report
「Roar Media, in which the company invested in October 2018 and which operates a digital media platform in Sri Lanka and Bangladesh, absorbed and merged with an affiliate operating Meta's exclusive advertising resale business in April 2021.」
The filing describes concrete progress in the existing Asian advertising and digital media investment, with Roar Media absorbing and merging with an affiliate that operated Meta's exclusive advertising resale business. - FY2022-Q2Overseas advertising business: sharp revenue decline and operating loss due to the impact of the infectious disease; CSK excluded from consolidationAnnual report
「For PT. Citra Surya Komunikasi, the consolidated results reflect the period from January through June 2021, with a three-month lag. As the COVID-19 situation in Indonesia worsened and had a significant impact on the overall social economy, revenue from the overseas business for the six-month period ended 30 September was ¥48 million, down 86.0% from the same period of the previous year, and operating loss was ¥82 million, compared with operating profit of ¥26 million in the same period of the previous year. In addition, during the three-month period ended 30 September, PT. Citra Surya Komunikasi, formerly a consolidated subsidiary, was excluded from the scope of consolidation following the transfer of part of its shares.」
The Indonesian advertising business recorded a sharp decline in revenue and an operating loss as the infectious disease worsened, and was excluded from the scope of consolidation following the transfer of part of the shares in CSK. - FY2022-Q1Overseas advertising business: sharp revenue decline and operating loss due to the resurgence of infectionsAnnual report
「The results of PT. Citra Surya Komunikasi are consolidated with a three-month lag and therefore reflect January to March 2021. As the COVID-19 situation in Indonesia worsened and had a significant impact on the overall socioeconomic environment, revenue from the overseas business for the three-month period ended in the first quarter was ¥13 million, down 92.4% year on year, and the operating loss was ¥43 million, compared with operating income of ¥9 million in the same quarter of the previous year.」
The Indonesian advertising business recorded a significant decline in revenue and moved into operating loss as the infectious disease worsened. - FY2021ReframedAnnual report
「In the overseas business, we will strengthen efforts to develop new customers and expand into businesses outside advertising in order to capture Indonesia's medium- to long-term economic growth as the country recovers from the COVID-19 shock.」
The Indonesian advertising business is broadening its scope from an advertising agency model focused on existing customers to one that includes developing new customers and expanding into businesses outside advertising. - FY2021-Q3Overseas advertising business: lower revenue and operating lossAnnual report
「The results of PT. Citra Surya Komunikasi are consolidated with a three-month lag and therefore reflect January to September 2020. Transactions with existing customers and others fell sharply because of the impact of COVID-19, resulting in revenue from the overseas business of ¥397 million for the nine-month period ended in the third quarter, down 37.9% year on year. Control of cost of sales and selling, general and administrative expenses resulted in an operating loss of ¥5 million, compared with operating income of ¥15 million in the same period of the previous year.」
CSK's Indonesian advertising business saw transactions with existing customers and others fall sharply due to the infectious disease, resulting in lower revenue and a move into operating loss. - FY2021-Q2Overseas advertising business: higher operating profit despite lower revenueAnnual report
「The results of PT. Citra Surya Komunikasi are consolidated with a three-month lag and therefore reflect January to June 2020. Transactions with existing customers and others were sluggish because of the impact of COVID-19, resulting in revenue from the overseas business of ¥350 million for the six-month period ended in the second quarter, down 22.8% year on year. However, control of cost of sales and selling, general and administrative expenses resulted in operating income of ¥26 million, up 238.6% year on year.」
CSK's Indonesian advertising business experienced sluggish transactions due to the COVID-19 pandemic, resulting in lower revenue, but operating profit increased year on year as costs were controlled. - FY2020Lower revenue and lower profit for the full yearAnnual report
「Revenue remained broadly in line with the previous fiscal year, but gross profit margins at major customers declined across the board. As a result, revenue from the overseas business for the fiscal year was ¥876 million, down 1.4% year on year, and operating profit was ¥28 million, down 38.3% year on year.」
CSK's Indonesian advertising business broadly maintained revenue, but full-year profit declined due to lower gross profit margins at major customers. - FY2020-Q2Cumulative revenue and profit decline, but operating profitability restoredAnnual report
「Although the annual plan assumes revenue and profit above the previous year's levels and progress is in line with the plan on an annual basis, fluctuations in the revenue and profit plans of major customers in the first quarter resulted in revenue from the overseas business of ¥453 million for the six-month period ended in the second quarter, down 11.2% from the same period of the previous year, and operating income of ¥7 million, down 74.7%.」
Although CSK's Indonesian advertising business recorded lower revenue and operating profit year on year, operating profit recovered to ¥7 million for the six-month period from an operating loss in the first quarter. The filing states that the business is progressing in line with the full-year plan. - FY2020-Q1Quarterly revenue decline and operating loss, but annual plan progressingAnnual report
「In the overseas business, PT. Citra Surya Komunikasi operates primarily as an advertising agency for Japanese companies in the Republic of Indonesia. Although the business is progressing in line with the annual plan, which assumes revenue and profit above the previous year's levels, quarterly fluctuations in the revenue and profit plans of major customers resulted in revenue of ¥170 million for the three-month period ended in the first quarter, down 32.9% from the same quarter of the previous year, and an operating loss of ¥7 million, compared with operating income of ¥18 million in the same quarter of the previous year.」
Although CSK's Indonesian advertising business is progressing in line with the full-year plan, quarterly revenue declined and the business moved from operating profit to operating loss. - FY2019-Q3AdvancedAnnual report
「In the overseas business, PT. Citra Surya Komunikasi operates primarily as an advertising agency for Japanese companies in the Republic of Indonesia. Although the depreciation of the Indonesian rupiah had eased, local companies were increasingly restricting advertising and promotional expenditures ahead of the presidential election scheduled for April this year. Revenue from the overseas business for the nine-month period ended in the third quarter was ¥672 million, up 136.1% year on year, and operating income was ¥35 million, up 380.2%.」
The Indonesian advertising business conducted through CSK generated revenue of ¥672 million and operating profit of ¥35 million, both up year on year. - FY2019-Q2AdvancedAnnual report
「Although transactions with existing customers grew steadily, procurement costs from overseas rose due to the depreciation of the Indonesian rupiah. Revenue from the overseas business for the six-month period ended 30 September was ¥510 million, and operating profit was ¥31 million.」
Transactions with existing customers grew in the Indonesian advertising business conducted through CSK, generating overseas-business revenue of ¥510 million and operating profit of ¥31 million. - FY2019-Q1AdvancedAnnual report
「As transactions with existing customers grew steadily, revenue from the overseas business for the three-month period ended 30 June was ¥254 million, and operating profit was ¥18 million.」
Transactions with existing customers grew in the Indonesian advertising business conducted through CSK, generating overseas-business revenue of ¥254 million and operating profit of ¥18 million. - FY2018-Q3AdvancedAnnual report
「We proposed store development using new materials to existing Japanese corporate customers and conducted event advertising for local companies. As a result, revenue from the overseas-related business for the nine-month period ended 31 December was ¥284 million, and operating profit was ¥7 million.」
In the Indonesian advertising business conducted through CSK, the company proposed store development to existing customers and conducted event advertising for local companies, recording revenue of ¥284 million and operating profit of ¥7 million. - FY2018-Q2AdvancedAnnual report
「PT. Citra Surya Komunikasi had a funding need, and we determined that our investment would enable us to expand a digital advertising business in Indonesia and South Asia, leveraging the technology of zMessenger, our partner company in Sri Lanka, and thereby improve earnings power.」
The investment in and acquisition of CSK as a subsidiary were completed, giving concrete form to the development of digital advertising businesses in Indonesia and South Asia using zMessenger's technological capabilities. - FY2018-Q1First statedAnnual report
「The subscription to CSK's third-party capital increase is intended to establish a business alliance among zMessenger, a digital advertising company collaborating with SmartMetro, CSK and the Company, to develop transit advertising in Sri Lanka and digital advertising in Indonesia using zMessenger's technology on CSK's existing customer base. We are also considering establishing a joint venture among the 3 companies in the future.」
The company first detailed its plan to develop transit advertising in Sri Lanka and digital advertising in Indonesia through collaboration with CSK, zMessenger and SmartMetro, including consideration of a future 3-party joint venture.