Komori
Masaru (1795) · FactReframed

Operating profit and ordinary profit increased despite declines in order intake and sales

First written in FY2016-Q3. 32 of 35 entries say "Reframed", first in FY2017-Q1. Latest entry: 2026-08-12.

35entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseReframedFY2017-Q1 – FY2022-Q2ReframedFY2022 – 2026-08-122016: 220162017: 420172018: 320182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 22026
Same theme, other companies
Earnings trend in which higher revenue and orders diverge from fluctuations in profitA theme 261 companies write about · 55 as a headwind · 76 as a tailwind

Masaru moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).

The whole theme swung hardest in 2020: 30 of 145 companies on the "Worse" side.

7 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 169 companies compared. The sentences above are computed from all 169.Comparing 200 of the theme's 301 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2025ReframedAnnual report

    「For the consolidated fiscal year, orders received were ¥12,760 million, up 44.6% year on year. Revenue was ¥10,647 million, up 19.0%. Operating profit was ¥638 million, up 56.6%; ordinary profit was ¥658 million, up 56.4%; and profit attributable to owners of the parent was ¥405 million, up 46.1%.」

    The performance profile has shifted from the previous fiscal year’s combination of lower orders, higher revenue, and lower profit to one in which orders received, revenue, operating profit, ordinary profit, and net profit all exceed the same period a year earlier.
  2. FY2025-H1ReframedAnnual report

    「For the six months ended 30 September, orders received were ¥7,979 million, up 93.4% from the same period a year earlier. Revenue was ¥5,720 million, up 22.8%. Operating profit was ¥420 million, up 6.8%; ordinary profit was ¥431 million, up 6.0%; and interim net profit attributable to owners of the parent was ¥276 million, up 2.0%.」

    Orders received, revenue, operating profit, ordinary profit, and interim net profit all increased year on year, marking a shift from the previous fiscal year’s combination of lower orders, higher revenue, and lower profit.
  3. FY2024ReframedAnnual report

    「For the consolidated fiscal year, orders received were ¥8,822 million, down 6.0% year on year. Revenue was ¥8,947 million, up 3.6%. Operating profit was ¥407 million, down 19.2%; ordinary profit was ¥421 million, down 19.3%; and profit attributable to owners of the parent was ¥277 million, down 19.5%.」

    The performance profile has shifted from growth in all items in the previous fiscal year to the coexistence of lower orders, higher revenue, and lower operating profit and other profit measures.
  4. FY2024-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥4,126 million, down 12.3% from the same period a year earlier. Revenue was ¥4,658 million, up 14.8%. Operating profit was ¥393 million, up 49.3%; ordinary profit was ¥407 million, up 50.0%; and profit attributable to owners of the parent was ¥270 million, up 51.9%.」

    Orders received declined 12.3% year on year, while revenue increased 14.8% and operating profit, ordinary profit, and profit attributable to owners of the parent each increased by approximately 50%. The performance profile has shifted to one in which lower orders coexist with higher revenue and profit.
  5. FY2024-Q1ReframedAnnual report

    「As a result, orders received during the first three months of the current fiscal year were ¥2,477 million, up 20.3% from the same period a year earlier. Revenue was ¥1,353 million, down 8.5%. Operating loss was ¥161 million, compared with an operating loss of ¥147 million in the same period a year earlier; ordinary loss was ¥156 million, compared with an ordinary loss of ¥144 million; and net loss attributable to owners of the parent was ¥112 million, compared with a net loss attributable to owners of the parent of ¥106 million.」

    Orders received increased 20.3% year on year, while revenue declined 8.5%, and operating loss, ordinary loss, and net loss attributable to owners of the parent all widened from the same period a year earlier.
  6. FY2023ReframedAnnual report

    「For the consolidated fiscal year, orders received were ¥9,390 million, up 17.4% year on year. Revenue was ¥8,635 million, up 24.1%. Operating profit was ¥504 million, up 154.1%; ordinary profit was ¥522 million, up 124.1%; and profit attributable to owners of the parent was ¥344 million, up 80.1%.」

    The performance profile has shifted from the coexistence of higher orders and revenue with lower profit through the previous quarter to one in which orders received, revenue, operating profit, ordinary profit, and net profit all exceed the same period a year earlier for the full fiscal year.
  7. FY2023-Q3ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥7,336 million, up 29.7% from the same period a year earlier. Revenue was ¥5,613 million, up 14.8%. Operating profit was ¥45 million, down 63.3%; ordinary profit was ¥56 million, down 58.9%; and profit attributable to owners of the parent was ¥26 million, down 67.4%.」

    Orders received and revenue increased year on year, while operating profit, ordinary profit, and profit attributable to owners of the parent declined substantially. The performance profile has shifted to one in which higher orders and revenue coexist with lower profit.
  8. FY2023-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥4,703 million, up 28.8% from the same period a year earlier. Revenue was ¥4,059 million, up 7.8%. Operating profit was ¥263 million, up 3.9%; ordinary profit was ¥271 million, up 2.6%; and profit attributable to owners of the parent was ¥178 million, down 1.1%.」

    Orders received, revenue, operating profit, and ordinary profit increased year on year, while profit attributable to owners of the parent declined 1.1%, indicating a shift in the previous performance profile.
  9. FY2023-Q1ReframedAnnual report

    「As a result, orders received during the first three months of the current fiscal year were ¥2,059 million, up 10.1% from the same period a year earlier. Revenue was ¥1,478 million, up 56.1%. Operating loss was ¥147 million, compared with an operating loss of ¥87 million in the same period a year earlier; ordinary loss was ¥144 million, compared with an ordinary loss of ¥82 million; and net loss attributable to owners of the parent was ¥106 million, compared with a net loss attributable to owners of the parent of ¥64 million.」

    Orders received and revenue increased year on year, while operating loss, ordinary loss, and net loss attributable to owners of the parent all widened. The performance profile has shifted from the previous period of lower revenue and profit to one in which higher revenue coexists with larger losses.
  10. FY2022ReframedAnnual report

    「For the consolidated fiscal year, orders received were ¥7,997 million, compared with ¥8,103 million in the same period a year earlier. Revenue was ¥6,959 million, compared with ¥7,794 million. Operating profit was ¥198 million, compared with ¥406 million; ordinary profit was ¥232 million, compared with ¥418 million; and profit attributable to owners of the parent was ¥191 million, compared with ¥321 million.」

    For the full fiscal year, orders received, revenue, operating profit, ordinary profit, and profit attributable to owners of the parent all fell below the same period a year earlier. The company attributed this to a lull in construction projects and fewer large-scale projects reaching completion.
  11. FY2022-Q3RestatedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥5,656 million, compared with ¥6,255 million in the same period a year earlier. Revenue was ¥4,890 million, compared with ¥4,961 million. Operating profit was ¥123 million, compared with ¥243 million; ordinary profit was ¥138 million, compared with ¥250 million; and profit attributable to owners of the parent was ¥82 million, compared with ¥182 million.」

    Orders received, revenue, operating profit, ordinary profit, and profit attributable to owners of the parent were all below the levels in the same period a year earlier.
  12. FY2022-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥3,652 million, compared with ¥3,835 million in the same period a year earlier. Revenue was ¥3,766 million, compared with ¥4,375 million. Operating profit was ¥253 million, compared with ¥385 million; ordinary profit was ¥264 million, compared with ¥391 million; and profit attributable to owners of the parent was ¥180 million, compared with ¥282 million.」

    Orders received, revenue, operating profit, ordinary profit, and profit attributable to owners of the parent were all below the levels in the same period a year earlier. Year-on-year percentage changes are not presented because of the application of the revenue recognition accounting standard.
  13. FY2022-Q1ReframedAnnual report

    「As a result, orders received during the first three months of the current fiscal year were ¥1,870 million, compared with ¥1,808 million in the same period a year earlier. Revenue was ¥947 million, compared with ¥721 million. Operating loss was ¥87 million, compared with an operating loss of ¥81 million; ordinary loss was ¥82 million, compared with an ordinary loss of ¥81 million; and net loss attributable to owners of the parent was ¥64 million, compared with a net loss attributable to owners of the parent of ¥48 million.」

    Orders received and revenue exceeded the same period a year earlier, while operating loss, ordinary loss, and net loss attributable to owners of the parent all widened, resulting in higher revenue alongside larger losses.
  14. FY2021-Q3ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥6,255 million, unchanged from the same period a year earlier. Revenue was ¥4,961 million, down 31.6%. Operating profit was ¥243 million, down 45.9%; ordinary profit was ¥250 million, down 42.5%; and profit attributable to owners of the parent was ¥182 million, down 38.4%.」

    Orders received were broadly unchanged from the same period a year earlier, while revenue, operating profit, ordinary profit, and profit attributable to owners of the parent all declined.
  15. FY2021-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥3,835 million, down 0.6% from the same period a year earlier. Revenue was ¥4,375 million, down 24.0%. Operating profit was ¥385 million, down 19.4%; ordinary profit was ¥391 million, down 19.2%; and profit attributable to owners of the parent was ¥282 million, down 14.8%.」

    Orders received declined 0.6% year on year and revenue declined 24.0%, while operating profit, ordinary profit, and profit attributable to owners of the parent also declined. The performance profile has shifted from the previous period of higher revenue and profit to one of lower revenue and profit.
  16. FY2021-Q1ReframedAnnual report

    「As a result, orders received during the first three months of the current fiscal year were ¥1,808 million, down 13.4% from the same period a year earlier. Revenue was ¥721 million, up 84.0%. Operating loss was ¥81 million, compared with an operating loss of ¥183 million in the same period a year earlier; ordinary loss was ¥81 million, compared with an ordinary loss of ¥181 million; and net loss attributable to owners of the parent was ¥48 million, compared with a net loss attributable to owners of the parent of ¥132 million.」

    Orders received declined 13.4% year on year, while revenue increased 84.0%, and operating loss, ordinary loss, and net loss attributable to owners of the parent all narrowed from the same period a year earlier.
  17. FY2020ReframedAnnual report

    「During the consolidated fiscal year, the company implemented the following measures.」

    For the full fiscal year, orders received were ¥8,167 million, down 7.6% year on year due to a lull in large-scale projects, while revenue increased 25.4% to ¥11,409 million on carried-over construction work and additional work. Operating profit increased 44.9% to ¥730 million, and ordinary profit increased 25.0% to ¥643 million. The performance profile is shifting to one in which lower orders received coexist with higher revenue and profit.
  18. FY2020-Q3ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥6,257 million, down 7.1% from the same period a year earlier. Revenue was ¥7,256 million, up 23.5%. Operating profit was ¥451 million, up 81.3%; ordinary profit was ¥436 million, up 70.6%; and profit attributable to owners of the parent was ¥296 million, up 62.9%.」

    Orders received declined 7.1% year on year, while revenue increased 23.5%, and operating profit, ordinary profit, and profit attributable to owners of the parent increased 81.3%, 70.6%, and 62.9%, respectively.
  19. FY2020-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥3,859 million, down 9.4% from the same period a year earlier, as large-scale construction projects entered a lull. Revenue was ¥5,755 million, up 10.0%, supported by a high level of carried-over construction work from the previous fiscal year and an increase in additional work. As revenue increased, the operating margin improved, resulting in operating profit of ¥478 million, up 24.0%; ordinary profit of ¥484 million, up 24.0%; and profit attributable to owners of the parent of ¥331 million, up 19.1%.」

    Orders received declined 9.4% due to a lull in large-scale construction projects, while revenue increased 10.0% on carried-over construction work and additional work, and operating profit, ordinary profit, and profit attributable to owners of the parent also increased.
  20. FY2020-Q1ReframedAnnual report

    「As a result, orders received during the first three months of the current fiscal year were ¥2,087 million, down 1.7% from the same period a year earlier. Revenue was ¥392 million, down 21.7%. Operating loss was ¥183 million, compared with an operating loss of ¥173 million in the same period a year earlier; ordinary loss was ¥181 million, compared with an ordinary loss of ¥173 million; and net loss attributable to owners of the parent was ¥132 million, compared with a net loss attributable to owners of the parent of ¥118 million.」

    Orders received declined 1.7% year on year and revenue declined 21.7%, while operating loss, ordinary loss, and net loss attributable to owners of the parent all widened from the same period a year earlier.
  21. FY2019ReframedAnnual report

    「Orders received for the consolidated fiscal year declined 15.2% year on year to ¥8,842 million, while revenue increased 10.4% to ¥9,095 million. Delays in the launch of large-scale construction projects and in their completion also contributed, and both orders received and revenue fell below the initial forecast. Profit exceeded the initial forecast, with operating profit of ¥504 million, up 55.1%; ordinary profit of ¥514 million, up 56.3%; and profit attributable to owners of the parent of ¥366 million, up 41.0%.」

    For the full fiscal year, orders received declined 15.2%, while revenue increased 10.4% and operating profit, ordinary profit, and profit attributable to owners of the parent all increased substantially. Orders received and revenue fell below the initial forecast due to delays in launching large-scale construction projects and in project completion, while profit exceeded the initial forecast.
  22. FY2019-Q3ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥6,738 million, down 14.2% from the same period a year earlier. Revenue was ¥5,875 million, up 17.5%. Operating profit was ¥249 million, up 189.1%; ordinary profit was ¥255 million, up 184.2%; and profit attributable to owners of the parent was ¥182 million, up 116.7%.」

    Orders received declined 14.2% year on year, while revenue increased 17.5%, and operating profit, ordinary profit, and profit attributable to owners of the parent all increased substantially.
  23. FY2019-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥4,259 million, down 22.7% from the same period a year earlier, partly because the schedules for large-scale projects were deferred. Revenue was ¥5,231 million, up 12.4%. Supported in part by strong performance at subsidiaries and exceeding the initial earnings forecast, operating profit was ¥386 million, up 26.9%; ordinary profit was ¥390 million, up 26.9%; and profit attributable to owners of the parent was ¥278 million, up 16.3%.」

    Orders received declined 22.7% year on year due to deferred schedules for large-scale projects, while revenue increased 12.4%, operating profit and ordinary profit each increased 26.9%, and profit attributable to owners of the parent increased 16.3%.
  24. FY2019-Q1ReframedAnnual report

    「As a result, in the first quarter, orders received were ¥2,124 million, down 23.9% from the same period a year earlier, as there were few large-scale projects. Revenue was ¥500 million, up 23.8%, as few projects are completed in the first quarter, which is the beginning of the fiscal year. Operating loss was ¥173 million, compared with an operating loss of ¥202 million in the same period a year earlier; ordinary loss was ¥173 million, compared with an ordinary loss of ¥201 million; and net loss attributable to owners of the parent was ¥118 million, compared with a net loss attributable to owners of the parent of ¥139 million.」

    Orders received declined 23.9% year on year due to the small number of large-scale projects, while revenue increased 23.8%. Operating loss, ordinary loss, and net loss attributable to owners of the parent all narrowed from the same period a year earlier.
  25. FY2018-Q3ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥7,857 million, up 7.0% from the same period a year earlier. Revenue was ¥5,002 million, down 7.7%. Due in part to the early completion of low-margin projects, operating profit was ¥86 million, down 72.9%; ordinary profit was ¥90 million, down 71.9%; and profit attributable to owners of the parent was ¥84 million, down 38.9%.」

    Orders received increased 7.0% year on year, while revenue declined 7.7%, and operating profit, ordinary profit, and profit attributable to owners of the parent all declined. The company attributed the decline in profit to the early completion of low-margin projects.
  26. FY2018-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥5,512 million, up 11.0% from the same period a year earlier. Revenue was ¥4,653 million, down 3.5%. Operating profit was ¥304 million, down 27.8%; ordinary profit was ¥307 million, down 26.9%; and profit attributable to owners of the parent was ¥239 million, up 9.5%.」

    Orders received increased 11.0% year on year, while revenue, operating profit, and ordinary profit declined; profit attributable to owners of the parent increased 9.5%.
  27. FY2018-Q1ReframedAnnual report

    「As a result, while focusing on the profitability of construction projects, the company sought a balanced mix of orders in both the new-build and renovation markets during the first quarter. Orders received were ¥2,791 million, up 0.2% from the same period a year earlier. Revenue was ¥404 million, down 33.5%, as construction volumes declined due to higher building costs. Operating loss was ¥202 million, compared with an operating loss of ¥116 million in the same period a year earlier; ordinary loss was ¥201 million, compared with an ordinary loss of ¥115 million; and net loss attributable to owners of the parent was ¥139 million, compared with a net loss attributable to owners of the parent of ¥73 million.」

    Orders received increased 0.2% year on year, while revenue declined 33.5%, and operating loss, ordinary loss, and net loss attributable to owners of the parent all widened from the same period a year earlier. The company attributed the decline in revenue to lower construction volumes resulting from higher building costs.
  28. FY2017ReframedAnnual report

    「As a result, orders received for the consolidated fiscal year were ¥9,016 million, down 1.3% year on year and below the initial forecast, while revenue was ¥8,789 million, down 8.4% but above the initial forecast. Profit exceeded the initial forecast, with operating profit of ¥431 million, down 26.5%, and ordinary profit of ¥459 million, down 20.7%. Profit attributable to owners of the parent, including an extraordinary loss from the disposal of the former head office in connection with the construction of a new head office, was ¥216 million, down 42.5%.」

    For the full fiscal year, orders received, revenue, operating profit, ordinary profit, and profit attributable to owners of the parent all fell below the same period a year earlier, while all except orders received exceeded the initial forecast.
  29. FY2017-Q3ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥7,340 million, up 2.9% from the same period a year earlier. Revenue was ¥5,416 million, down 1.7%. Operating profit was ¥318 million, up 34.1%; ordinary profit was ¥319 million, up 38.0%; and profit attributable to owners of the parent was ¥137 million, down 1.3%.」

    Orders received increased year on year, while revenue declined. Operating profit and ordinary profit increased, whereas profit attributable to owners of the parent declined.
  30. FY2017-Q2ReframedAnnual report

    「As a result, orders received during the first six months of the current fiscal year were ¥4,965 million, down 3.8% from the same period a year earlier. Revenue was ¥4,820 million, up 0.7%. Operating profit was ¥421 million, up 35.4%; ordinary profit was ¥420 million, up 37.2%; and profit attributable to owners of the parent was ¥218 million, up 13.2%.」

    Orders received declined, while revenue edged up, and operating profit, ordinary profit, and profit attributable to owners of the parent all exceeded the same period a year earlier.
  31. FY2017-Q1ReframedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥2,785 million, up 10.8% from the same period a year earlier. Revenue was ¥608 million, up 86.4%. Operating loss was ¥116 million, compared with an operating loss of ¥167 million in the same period a year earlier; ordinary loss was ¥115 million, compared with an ordinary loss of ¥168 million; and net loss attributable to owners of the parent was ¥73 million, compared with a net loss attributable to owners of the parent of ¥167 million.」

    Compared with the full-year trend of declining orders received and revenue alongside higher profits, the current quarter saw orders received and revenue increase, while operating loss, ordinary loss, and net loss narrowed.
  32. FY2016RestatedAnnual report

    「As a result, orders received for the consolidated fiscal year were ¥9,134 million, down 9.1% year on year, and revenue was ¥9,598 million, down 3.8% and below the initial forecast. Profit exceeded the initial forecast, with operating profit of ¥586 million, up 37.0%, ordinary profit of ¥579 million, up 38.9%, and profit attributable to owners of the parent of ¥377 million, up 122.4%.」

    For the full fiscal year, orders received and revenue declined, while operating profit, ordinary profit, and profit attributable to owners of the parent increased.
  33. FY2016-Q3First statedAnnual report

    「As a result, orders received during the first nine months of the current fiscal year were ¥7,133 million, down 7.4% from the same period a year earlier. Revenue was ¥5,509 million, down 17.6%, as many projects were completed later than scheduled. Operating profit was ¥237 million, up 17.7%, and ordinary profit was ¥231 million, up 20.5%.」

    It reported that orders received and revenue were below the same period a year earlier, while operating profit and ordinary profit were higher.
Moved together

"Sharp Increase in Orders and Improved Profitability in the Facilities Construction Business" moved the same way as this thread, in the same document, in 21 of its 35 moves.

212018171716★123456
  1. ★This thread
  2. 1Sharp Increase in Orders and Improved Profitability in the Facilities Construction Business21×
  3. 2Slowing corporate earnings due to a stronger yen, lower stock prices, and weak private consumption20×
  4. 3Declining demand due to a reduction in large-scale development projects following the Tokyo Olympics and population decline18×
  5. 4Rising Construction Costs Driven by Tight Skilled-Labor Markets and Demand for Higher Quality17×
  6. 5Operating cash outflow due to an increase in trade receivables17×
  7. 6Concern over destabilization overseas and further yen appreciation16×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Masaru's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Results of 2026-08-12: "Reframed".
News
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