Profit-Focused Order Intake and Efficient Earnings Generation
First written in FY2016. 26 of 40 entries say "Advanced", first in FY2017. Latest entry: 2026-08-07.
The whole theme swung hardest in 2019: 1 of 9 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In addition to the effect of higher revenue, continued confirmation of profitability at the order-taking stage, cost and schedule management during construction, and appropriate responses to design changes and additional work improved the gross profit margin and increased gross profit. As a result, operating income was ¥5,827 million, up 58.4% from the previous consolidated fiscal year.」
The Company continued to confirm profitability at the order-taking stage and manage construction, schedules, design changes, and additional work. Operating income reached ¥5,827 million, up 58.4% year on year. - FY2026-H1AdvancedAnnual report
「In addition to higher revenue, continued company-wide cost controls from the order-taking stage during the interim consolidated accounting period increased gross profit and improved the margin year on year. As a result, operating income was ¥1,794 million, up 295.8%, ordinary income was ¥1,866 million, up 287.0%, and interim net income attributable to owners of the parent was ¥1,182 million, up 402.4%.」
The Company continued cost controls from the order-taking stage, resulting in operating income of ¥1,794 million, ordinary income of ¥1,866 million, and interim net income attributable to owners of the parent of ¥1,182 million, all substantially above the previous year. - FY2025Decline in full-year operating incomeAnnual report
「Revenue was limited to ¥67,216 million, down 6.5%, due to insufficient first-half revenue caused by a shortage of projects on hand that would contribute during the fiscal year, as well as delays in starting disaster recovery and reconstruction projects following the Noto Peninsula Earthquake. As a result, operating income was ¥3,679 million, down 15.5% from the previous consolidated fiscal year.」
A shortage of projects on hand at the beginning of the year and delays in starting recovery and reconstruction projects following the Noto Peninsula Earthquake caused revenue to decline 6.5% year on year and operating income to fall to ¥3,679 million, down 15.5%. - FY2025-H1Significant decline in interim profitAnnual report
「Gross profit fell 15.3% to ¥4,936 million from the same period of the previous year. Although the occurrence of unprofitable construction projects was contained, the Company did not win the high-margin large construction projects recorded in the previous year, and revenue declined. Selling, general and administrative expenses increased by ¥221 million from the previous year due to higher employee salaries and construction management system upgrade costs for operational improvements. As a result, operating income was ¥453 million, down 71.1%, ordinary income was ¥482 million, down 70.4%, and interim net income attributable to owners of the parent was ¥235 million, down 78.6%. From the second half onward, the Group will accelerate construction and reduce costs to secure orders and profits.」
Although the occurrence of unprofitable construction projects was contained, the absence of high-margin large projects, lower revenue, and higher selling, general and administrative expenses caused operating income and other profit measures to decline substantially year on year. Measures to accelerate construction and reduce costs from the second half onward are also stated. - FY2024Decline in full-year profitAnnual report
「Operating income was ¥4,356 million, down 20.1% from the previous consolidated fiscal year.」
Operating income for the consolidated fiscal year was ¥4,356 million, down 20.1% year on year. The cost ratio also deteriorated by 1.1 percentage points to 82.3%, and the amount charged to the provision for losses on construction contracts was ¥243 million. - FY2024-Q3Decline in profit due to unprofitable construction projects and other factorsAnnual report
「Gross profit fell 5.5% to ¥9,845 million from the same period of the previous year as some unprofitable construction projects reduced construction profitability. Selling, general and administrative expenses increased by ¥214 million from the same quarter of the previous year due to higher employee salaries resulting from improved compensation and costs to upgrade the construction management system for operational improvements, rising 3.6% to ¥6,243 million. As a result, operating income was ¥3,601 million, down 17.9%, ordinary income was ¥3,630 million, down 16.0%, and net income attributable to owners of the parent was ¥2,444 million, down 13.0%.」
Lower construction profitability from some unprofitable projects and higher selling, general and administrative expenses due to improved compensation and construction management system upgrade costs caused operating income and other profit measures to fall below the previous year. - FY2024-Q2AdvancedAnnual report
「Some unprofitable construction projects are now improving, and the gross profit margin improved by 2.0 percentage points, from 14.7% for the cumulative first quarter to 16.7% for the cumulative second quarter. The Group will continue to seek further improvement from the third quarter onward and will accelerate construction and reduce costs to secure profits.」
Some unprofitable construction projects have improved, and the gross profit margin rose from 14.7% to 16.7%, an improvement of 2.0 percentage points. Efforts to accelerate construction and reduce costs continued from the third quarter onward. - FY2024-Q1Decline in profit due to unprofitable construction projects and other factorsAnnual report
「Gross profit was broadly in line with the previous year, although some unprofitable construction projects caused the cost ratio to rise. Selling, general and administrative expenses increased by ¥152 million from the same quarter of the previous year due to higher employee salaries resulting from improved compensation and costs to upgrade the construction management system for operational improvements. As a result, operating income was ¥256 million, down 25.9%, ordinary income was ¥325 million, down 25.3%, and net income attributable to owners of the parent was ¥176 million, down 29.0%. From the second quarter onward, the Group will accelerate construction and reduce costs to secure orders and profits and recover from this situation.」
Higher cost ratios from some unprofitable construction projects and higher selling, general and administrative expenses caused operating income and other profit measures to fall below the previous year. The Company also outlined recovery measures through accelerated construction and cost reductions from the second quarter onward. - FY2023AdvancedAnnual report
「Higher revenue and cost reductions resulted in operating income of ¥5,451 million, up 20.5% from the previous consolidated fiscal year.」
Higher revenue and cost reductions increased operating income to ¥5,451 million, up 20.5% year on year. - FY2023-Q3AdvancedAnnual report
「Selling, general and administrative expenses increased by ¥430 million from the same quarter of the previous year due to the introduction of a new sales management system, the upgrade of the construction management system, depreciation of the upgraded core system, and the resumption of activities suspended to prevent the spread of COVID-19. However, higher revenue and cost reductions resulted in operating income of ¥4,384 million, up 32.9%, ordinary income of ¥4,323 million, up 28.8%, and net income attributable to owners of the parent of ¥2,810 million, up 26.0%.」
Despite higher selling, general and administrative expenses related to system costs, higher revenue and cost reductions resulted in year-on-year increases in operating income, ordinary income, and net income attributable to owners of the parent. - FY2023-Q2AdvancedAnnual report
「Selling, general and administrative expenses increased by ¥160 million from the same quarter of the previous year due to the introduction of a new sales management system, depreciation of the upgraded core system, and the resumption of activities suspended the previous fiscal year to prevent the spread of COVID-19. However, higher revenue and cost reductions resulted in operating income of ¥2,067 million, up 50.4%, ordinary income of ¥2,137 million, up 50.9%, and net income attributable to owners of the parent of ¥1,349 million, up 43.8%.」
Despite higher expenses related to the introduction of systems, higher revenue and cost reductions resulted in operating income of ¥2,067 million, ordinary income of ¥2,137 million, and net income attributable to owners of the parent of ¥1,349 million, all above the previous year. - FY2023-Q1AdvancedAnnual report
「Selling, general and administrative expenses increased by ¥120 million from the same quarter of the previous year due to the introduction of a new sales management system, depreciation of the upgraded core system, and the resumption of activities that had been suspended the previous fiscal year to prevent the spread of COVID-19. However, higher revenue resulted in operating income of ¥345 million, up 10.4%, ordinary income of ¥436 million, up 29.2%, and net income attributable to owners of the parent of ¥248 million, up 16.2%.」
Despite higher expenses from the increase in systems-related costs, operating income of ¥345 million, ordinary income of ¥436 million, and net income attributable to owners of the parent of ¥248 million all exceeded the previous year due to higher revenue. - FY2022-Q3Decline in profit performanceAnnual report
「Selling, general and administrative expenses increased by ¥192 million, or 3.6%, to ¥5,598 million from the same quarter of the previous year. This reflected higher employee bonus levels while advancing work-style reform, increased research and development expenses, and higher travel expenses as activities restricted under COVID-19 measures gradually resumed. As a result, operating income was ¥3,298 million, down 19.4%, ordinary income was ¥3,357 million, down 18.8%, and net income attributable to owners of the parent was ¥2,229 million, down 19.0%.」
Higher selling, general and administrative expenses caused operating income, ordinary income, and net income attributable to owners of the parent to decline year on year. - FY2022-Q2Decline in profit performanceAnnual report
「Selling, general and administrative expenses increased by ¥296 million, or 8.2%, to ¥3,920 million from the same quarter of the previous year. This reflected higher employee bonus levels while advancing work-style reform, increased research and development expenses, and higher travel expenses as activities restricted under COVID-19 measures gradually resumed. As a result, operating income was ¥1,374 million, down 32.9%, ordinary income was ¥1,416 million, down 31.9%, and net income attributable to owners of the parent was ¥938 million, down 31.0%.」
Higher selling, general and administrative expenses caused operating income, ordinary income, and net income attributable to owners of the parent to decline year on year. - FY2022-Q1Decline in profit performanceAnnual report
「Revenue fell 2.1% to ¥13,438 million from the same quarter of the previous year due to delays in construction progress and a decline in completed portions of large construction projects recorded in the same quarter of the previous year. In terms of profit, lower revenue and higher selling, general and administrative expenses, reflecting the partial resumption of sales activities and research and development that had been restricted due to COVID-19 in the same quarter of the previous year, resulted in operating income of ¥313 million, down 54.9%, and ordinary income of ¥337 million, down 55.6%.」
Delays in construction progress, a decline in completed portions of large projects, and higher selling, general and administrative expenses from the resumption of sales activities and research and development caused revenue, operating income, and ordinary income to fall below the previous year. - FY2021AdvancedAnnual report
「In addition to higher revenue from the previous fiscal year, improved construction margins resulted in operating income of ¥5,358 million, an increase of ¥454 million from the previous fiscal year.」
Higher revenue and improved construction margins increased operating income to ¥5,358 million, up ¥454 million year on year. - FY2021-Q3AdvancedAnnual report
「Orders received increased 3.9% to ¥51,273 million as foundation construction increased. Revenue increased 5.5% to ¥49,485 million, helped by higher orders and measures to accelerate construction. As revenue increased year on year, operating income was ¥4,090 million, up 12.0%, ordinary income was ¥4,135 million, up 11.8%, and net income attributable to owners of the parent was ¥2,751 million, up 12.2%.」
Higher foundation construction orders and measures to accelerate construction resulted in year-on-year increases in orders received, revenue, operating income, ordinary income, and net income attributable to owners of the parent. - FY2021-Q2AdvancedAnnual report
「Orders received increased 5.5% to ¥36,811 million as foundation construction increased. Revenue increased 7.9% to ¥30,767 million, helped by higher orders and measures to accelerate construction. As revenue increased year on year, operating income was ¥2,047 million, up 11.6%, ordinary income was ¥2,081 million, up 13.4%, and net income attributable to owners of the parent was ¥1,358 million, up 13.6%.」
Higher foundation construction orders, increased orders overall, and measures to accelerate construction led to year-on-year increases in orders received and revenue, with operating income of ¥2,047 million, ordinary income of ¥2,081 million, and net income attributable to owners of the parent of ¥1,358 million. - FY2021-Q1AdvancedAnnual report
「Orders received increased 5.5% to ¥18,988 million as foundation construction increased. Revenue increased 3.0% to ¥13,725 million, helped by higher orders and measures to accelerate construction. In addition to higher revenue, improved construction margins resulted in operating income of ¥694 million, up 28.5%, ordinary income of ¥760 million, up 41.1%, and net income attributable to owners of the parent of ¥487 million, up 45.9%.」
Higher foundation construction orders, measures to accelerate construction, and improved construction margins resulted in year-on-year growth in orders received, revenue, operating income, ordinary income, and net income attributable to owners of the parent. - FY2020AdvancedAnnual report
「Although selling, general and administrative expenses increased, higher revenue, profit-focused order-taking activities, and improved profitability on large construction projects carried over from prior years resulted in operating income of ¥4,903 million, an increase of ¥932 million from the previous fiscal year.」
Profit-focused order-taking activities and improved profitability on large construction projects increased operating income to ¥4,903 million, up ¥932 million year on year. - FY2020-Q3AdvancedAnnual report
「Orders received increased 6.4% to ¥49,336 million as orders for slope stabilization work, including disaster recovery projects, increased. Revenue increased 5.3% to ¥46,924 million as construction progressed in snow regions due to the mild winter. In addition to higher revenue, a substantial improvement in the profitability of large construction projects carried over from the previous fiscal year contributed to operating income of ¥3,653 million, up 35.2%, ordinary income of ¥3,698 million, up 35.9%, and net income attributable to owners of the parent of ¥2,452 million, up 38.8%.」
This records specific progress: orders for slope stabilization work increased, construction advanced due to the mild winter, and profitability on large projects improved, resulting in year-on-year growth in orders received, revenue, and all major profit measures. - FY2020-Q2AdvancedAnnual report
「As business progressed smoothly in line with the plan, orders received increased 2.9% to ¥34,898 million and revenue increased 7.0% to ¥28,510 million from the same quarter of the previous year. In addition to higher revenue, the expected improvement in the margin on large construction projects during the first half contributed to operating income of ¥1,834 million, up 67.3%, ordinary income of ¥1,836 million, up 67.7%, and net income attributable to owners of the parent of ¥1,195 million, up 78.8%.」
Orders received and revenue increased as planned, while improved margins on large construction projects also contributed to substantial year-on-year growth in operating income, ordinary income, and net income attributable to owners of the parent. - FY2020-Q1AdvancedAnnual report
「In addition to higher revenue from the same quarter of the previous year, improved profit margins resulted in operating income of ¥540 million, up 94.8%, ordinary income of ¥539 million, up 87.4%, and net income attributable to owners of the parent of ¥333 million, up 124.5%.」
This records specific earnings improvement, with operating income, ordinary income, and net income attributable to owners of the parent exceeding the previous year due to improved margins. - FY2019Decline in profit performanceAnnual report
「Operating income was ¥3,970 million, a decrease of ¥129 million from the previous fiscal year.」
Although revenue increased year on year, operating income fell below the previous fiscal year because selling, general and administrative expenses increased. - FY2019-Q3AdvancedAnnual report
「Selling, general and administrative expenses increased by ¥211 million from the same quarter of the previous year. However, higher revenue and sales activities focused on profitability improved margins, resulting in operating income of ¥2,701 million, up 2.8%, ordinary income of ¥2,720 million, up 2.6%, and net income attributable to owners of the parent of ¥1,767 million, up 3.6%.」
Profit margins improved through sales activities focused on profitability, and operating income, ordinary income, and net income attributable to owners of the parent exceeded the previous year. This represents a recovery from the decline in profit results reported in the preceding quarter. - FY2019-Q2Decline in profit performanceAnnual report
「The Company maintained strong order-taking activities, as in the previous fiscal year. However, due to the impact of a large construction project received in the same quarter of the previous year, orders received fell to ¥33,900 million, down 3.3% year on year. Revenue rose 2.2% to ¥26,638 million, helped by a larger opening backlog of carried-over construction projects than in the previous year. Gross profit increased by ¥87 million from the same quarter of the previous year, but selling, general and administrative expenses increased by ¥113 million. As a result, operating income was ¥1,096 million, down 2.4%, ordinary income was ¥1,095 million, down 3.1%, and net income attributable to owners of the parent was ¥668 million, down 3.2%.」
Although order-taking remained strong, operating income, ordinary income, and net income attributable to owners of the parent declined year on year because selling, general and administrative expenses increased. - FY2018AdvancedAnnual report
「Orders received totaled ¥64,844 million, up 3.1% from the previous consolidated fiscal year, as a result of sales activities focused on profitability and the receipt of a large prime contract,」
In addition to sales activities focused on profitability, the Company won a large prime contract, bringing orders received to ¥64,844 million, up 3.1% year on year. Operating income also increased to ¥4,100 million. - FY2018-Q3AdvancedAnnual report
「As a result, the results for the nine-month period ended 31 December were as follows. 1. Orders received and revenue Orders received totaled ¥47,402 million, down 1.3% from the same period of the previous year, as a result of sales activities focused on profitability. Revenue totaled ¥43,590 million, up 10.1%, helped by a larger opening backlog of carried-over construction projects than in the previous year and efforts to accelerate construction. 2. Income As revenue increased year on year, operating income was ¥2,628 million, up 27.8%, ordinary income was ¥2,652 million, up 28.2%, and net income attributable to owners of the parent was ¥1,704 million, up 30.6%.」
This records specific progress from sales activities focused on profitability: revenue rose 10.1%, operating income 27.8%, ordinary income 28.2%, and net income attributable to owners of the parent 30.6% year on year. - FY2018-Q2AdvancedAnnual report
「As revenue increased from the same quarter of the previous year, operating income was ¥1,123 million, up 103.5%, ordinary income was ¥1,129 million, up 107.8%, and net income attributable to owners of the parent was ¥690 million, up 141.9%.」
This records specific earnings growth, with operating income, ordinary income, and net income attributable to owners of the parent all exceeding the previous year on higher revenue. - FY2018-Q1AdvancedAnnual report
「As revenue increased from the same quarter of the previous year, operating income was ¥117 million, up 38.5%, and ordinary income was ¥122 million, up 45.5%.」
This records a measurable improvement in operating income and ordinary income from the same quarter of the previous year, driven by higher revenue. - FY2017AdvancedAnnual report
「Although net sales declined year on year, operating income was ¥3,583 million, up 3.4% from the previous consolidated fiscal year, and ordinary income was ¥3,555 million, up 3.6%, supported by profit-focused order intake and cost-reduction measures.」
This records the concrete result that operating income and ordinary income exceeded the previous year despite lower net sales, owing to profit-focused order intake and cost-reduction measures. - FY2017-Q2RestatedAnnual report
「Under Medium-Term Management Plan [Step III] (FY2014–FY2016), the Group is pursuing efficient earnings generation」
Efficient earnings generation continues to be presented as a planned initiative. Although operating income and other profit measures declined year on year as revenue fell, no change to the initiative itself is stated. - FY2017-Q1RestatedAnnual report
「Under Medium-Term Management Plan [Step III] (fiscal 2014 to fiscal 2016), the Group is pursuing the theme of Nittoc’s “challenge” toward growth, while building business strategies and an organizational structure designed to secure earnings efficiently and anticipate future changes in the construction market.」
Efficient earnings generation is reiterated as an ongoing management issue under Step III. - FY2016First statedAnnual report
「As a result of focusing on profitability when accepting orders, the gross profit margin improved by approximately 0.3%.」
This describes an order intake policy focused on profitability rather than volume alone, and the resulting improvement in the gross profit margin for the year.