Revenue Growth and a Return to Operating Profitability
First written in FY2024. 9 of 13 entries say "Worsened", first in FY2026-H1. Latest entry: 2026-08-13.
Muscat Group moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 4 of 12 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Net sales were ¥4,129,746 thousand, up 38.3% year on year; gross profit was ¥2,213,345 thousand, up 37.4%; operating loss was ¥399,197 thousand, compared with operating profit of ¥88,007 thousand; adjusted EBITDA was negative ¥118,951 thousand, compared with ¥235,180 thousand; ordinary loss was ¥451,239 thousand, compared with ordinary profit of ¥95,287 thousand; and net loss attributable to owners of the parent was ¥368,608 thousand, compared with net income attributable to owners of the parent of ¥112,934 thousand.」
Although net sales increased, operating profit, ordinary profit, net income attributable to owners of the parent and adjusted EBITDA turned negative, indicating deteriorating profitability from the previous year’s operating profit and net income. - FY2026-H1WorsenedAnnual report
「Net sales were ¥1,607,331 thousand, up 34.2% year on year; gross profit was ¥873,199 thousand, up 29.5%; operating loss was ¥203,441 thousand, compared with operating profit of ¥17,581 thousand in the previous corresponding period; ordinary loss was ¥216,009 thousand, compared with ordinary profit of ¥14,719 thousand; and interim net loss attributable to owners of the parent was ¥186,338 thousand, compared with interim net income of ¥25,433 thousand.」
Although net sales increased, operating profit, ordinary profit and interim net income turned into losses, indicating deteriorating profitability from the previous year, when operating profitability had been maintained. - FY2025AdvancedAnnual report
「Net sales were ¥2,986,723 thousand, up 25.8% year on year; operating profit was ¥88,007 thousand, unchanged year on year; and net income attributable to owners of the parent was ¥112,934 thousand, up 2.7% year on year.」
Net sales and net income increased and operating profitability was maintained, while operating profit remained at approximately the previous year’s level. - FY2024First statedAnnual report
「Operating profit was ¥87,986 thousand, compared with an operating loss of ¥166,712 thousand in the previous corresponding period, resulting in a return to profitability.」
The results disclosed were a 29.5% increase in net sales, a return to operating profitability, and net income attributable to owners of the parent of ¥109,979 thousand.