Decline in Living business revenue due to lower solar power system sales
First written in FY2017-Q1. 3 of 8 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2018: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「Living business revenue was ¥11,928 million, up ¥1,021 million, or 9.4%, from the previous fiscal year, as LP gas shipments increased from the previous fiscal year and selling prices linked to procurement prices rose.」
The current-year explanation of Living business performance does not specifically mention the previously cited decline in solar power system sales, and instead reports higher revenue driven by increased LP gas shipments and higher selling prices. - FY2018-Q3Continued growth in Living business revenue and profitAnnual report
「In this segment, LP gas shipments increased from the same quarter of the previous year, and higher sales resulting from an increase in selling prices linked to procurement prices led to revenue of ¥8,134 million, up ¥856 million, or 11.8%, from the same quarter of the previous year. Gross profit also increased due to higher LP gas shipments, while lower expenses for improvements to LP gas facilities and related items resulted in segment profit, or operating profit, of ¥393 million, up ¥80 million, or 25.5%, from the same quarter of the previous year.」
Higher LP gas shipments and selling prices resulted in continued growth in Living business revenue and profit from the same quarter of the previous year. - FY2018-Q2Continued growth in Living business revenue and profitAnnual report
「In this segment, LP gas shipments declined slightly from the same quarter of the previous year, but higher sales resulting from an increase in selling prices linked to procurement prices led to revenue of ¥4,857 million, up ¥325 million, or 7.2%, from the same quarter of the previous year. In the LP gas direct-sales division, shipments and gross profit both increased. In addition, expenses for improvements to LP gas facilities and related items declined, resulting in segment profit, or operating profit, of ¥268 million, up ¥76 million, or 39.5%, from the same quarter of the previous year.」
Although LP gas shipments declined slightly, higher selling prices and increased shipments in the direct-sales division resulted in higher Living business revenue and profit. - FY2018-Q1Higher revenue and profit in the Living businessAnnual report
「In this segment, LP gas shipments declined slightly from the same quarter of the previous year, but higher sales resulting from an increase in selling prices linked to procurement prices led to revenue of ¥2,682 million, up ¥157 million, or 6.2%, from the same quarter of the previous year. In the LP gas direct-sales division, shipments and gross profit both increased. In addition, expenses for improvements to LP gas facilities and related items declined, resulting in segment profit, or operating profit, of ¥225 million, up ¥32 million, or 16.7%, from the same quarter of the previous year.」
The solar power system business, previously cited as a factor behind lower revenue, is not mentioned. The Living business recorded higher revenue and profit this quarter, mainly due to higher LP gas selling prices. - FY2017RestatedAnnual report
「In this segment, LP gas shipments increased, but selling prices linked to procurement prices declined, and solar power system sales fell substantially. Revenue was ¥10,906 million, down ¥1,245 million, or 10.2%, from the previous fiscal year.」
Although LP gas shipments increased, lower selling prices linked to procurement prices and the decline in solar power system sales resulted in lower full-year Living business revenue. - FY2017-Q3RestatedAnnual report
「In this segment, LP gas shipments increased from the same quarter of the previous year, but selling prices linked to procurement prices declined. Solar power system sales also decreased, resulting in revenue of ¥7,278 million, down ¥1,637 million, or 18.4%, from the same quarter of the previous year.」
The decline in solar power system sales and the decrease in selling prices linked to procurement prices continue to be cited as factors behind lower Living business revenue. - FY2017-Q2RestatedAnnual report
「In this segment, LP gas shipments increased from the same quarter of the previous year, but selling prices linked to procurement prices declined. Solar power system sales also decreased, resulting in revenue of ¥4,532 million, down ¥1,329 million, or 22.7%, from the same quarter of the previous year.」
The decline in solar power system sales continues to be cited, together with the decrease in selling prices linked to procurement prices, as a factor behind lower Living business revenue. - FY2017-Q1First statedAnnual report
「In terms of earnings, the decline in solar power system sales was substantial. Gross profit was ¥1,603 million, down ¥53 million, or 3.2%, from the same quarter of the previous year. Operating profit was ¥183 million, down ¥138 million, or 43.0%, due to higher costs for improvements to LP gas facilities.」
The decline in solar power system sales is cited as a factor behind the quarterly decreases in gross profit and operating profit.