Revenue and Earnings Growth Despite Declining Orders
First written in FY2016-Q3. 19 of 39 entries say "Reframed", first in FY2016. Latest entry: 2026-10-09.
Akatsuki Eazima moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 29 of 143 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「As a result, for the six months ended the interim accounting period, order intake increased 18.3% year on year to ¥5,575 million, while net sales increased 5.6% to ¥4,712 million. In terms of earnings, due to the increase in gross profit, operating income increased 52.8% to ¥762 million and ordinary income increased 51.6% to ¥787 million. Interim net income also increased 58.5% to ¥557 million.」
The pattern has changed from increasing order intake but declining net sales in the previous period to the interim accounting period, in which both order intake and net sales increased, as did operating income, ordinary income and interim net income. - 2026-04-03ReframedEarnings
「Orders received amounted to ¥5.575 billion, up 18.3% year on year, while revenue amounted to ¥4.712 billion, up 5.6% year on year.」
Orders received, revenue and profit all increased from the same period of the previous year. - FY2025RestatedAnnual report
「Order intake was ¥10,203 million, up 19.3% year on year, and net sales were ¥9,135 million, up 3.5%. In terms of earnings, due to the increase in completed construction revenue and the higher construction profit margin, operating income increased 50.0% to ¥1,126 million and ordinary income increased 48.2% to ¥1,160 million.」
The pattern of order intake, net sales, operating income and ordinary income all increasing year on year continues. - FY2025-H1ReframedAnnual report
「As a result, for the six months ended the interim accounting period, order intake was ¥4,712 million, up 93.6% year on year, while net sales were ¥4,460 million, down 4.3%. In terms of earnings, due to the increase in gross profit, operating income increased 38.9% to ¥498 million and ordinary income increased 40.9% to ¥519 million. Interim net income also increased 41.2% to ¥351 million.」
The pattern has changed from declining order intake and increasing net sales in the previous period to the interim accounting period, in which order intake increased 93.6% while net sales declined 4.3%, and operating income, ordinary income and interim net income increased. - FY2024ReframedAnnual report
「Order intake was ¥8,555 million, up 1.3% year on year, and net sales were ¥8,825 million, up 33.0%. In terms of earnings, due to the increase in completed construction revenue and the higher construction profit margin, operating income increased 69.8% to ¥751 million and ordinary income increased 66.4% to ¥783 million. Net income for the year also increased 78.4% to ¥559 million.」
Although order intake increased while net sales and profits declined in the previous fiscal year, in the current fiscal year order intake, net sales, operating income, ordinary income and net income all increased. - FY2024-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, order intake was ¥4,370 million, down 22.1% year on year, while net sales were ¥6,794 million, up 60.2%. In terms of earnings, due to the increase in completed construction revenue, operating income increased 179.6% to ¥641 million and ordinary income increased 169.8% to ¥664 million. Net income for the quarter also increased 175.6% to ¥456 million.」
The pattern of declining order intake but increasing net sales, operating income, ordinary income and net income for the quarter continues. - FY2024-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, order intake was ¥2,433 million, down 34.5% year on year, while net sales were ¥4,659 million, up 71.5%. In terms of earnings, due to the increase in completed construction revenue, operating income increased 240.9% to ¥359 million and ordinary income increased 209.4% to ¥368 million. Net income for the quarter also increased 209.6% to ¥249 million.」
The disclosure continues the pattern seen in the previous quarter of order intake declining 34.5% while net sales increased 71.5% and operating income, ordinary income and net income for the quarter all increased year on year. - FY2024-Q1ReframedAnnual report
「As a result, for the three months ended the first quarter, order intake was ¥817 million, down 39.4% year on year, while net sales were ¥2,057 million, up 106.5%. In terms of earnings, due to the increase in completed construction revenue, operating income was ¥134 million and ordinary income was ¥139 million, with no year-on-year comparison available. Net income for the quarter was also ¥93 million, with no year-on-year comparison available.」
Order intake decreased 39.4%, while net sales increased 106.5%; operating income was ¥134 million, ordinary income was ¥139 million and net income for the quarter was ¥93 million. The pattern has changed from the low base of the previous year to one of lower orders, higher sales and reported profits. - FY2023RestatedAnnual report
「Order intake increased 17.9% year on year to ¥8,449 million, while net sales decreased 9.5% to ¥6,637 million. In terms of earnings, due to the deterioration in the construction profit margin and delays in revenue recognition caused by the failure of construction progress to advance, extended construction periods and other factors, operating income decreased 37.7% to ¥442 million and ordinary income decreased 35.4% to ¥470 million.」
For the full fiscal year, the pattern of increasing order intake but declining net sales, operating income and ordinary income continues. - FY2023-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, order intake increased 28.6% year on year to ¥5,611 million, while net sales decreased 20.4% to ¥4,241 million. In terms of earnings, the construction profit margin deteriorated, and construction progress did not advance, causing the timing of revenue recognition to be delayed due to extended construction periods and other factors. Operating income decreased 45.6% to ¥229 million and ordinary income decreased 43.7% to ¥246 million. Net income for the quarter also decreased 43.4% to ¥165 million.」
The pattern of higher order intake but lower net sales, operating income, ordinary income and net income for the quarter continues. The year-on-year rates of decline have narrowed from the previous quarter. - FY2023-Q2ReframedAnnual report
「As a result, for the six months ended the second quarter, order intake increased 32.8% year on year to ¥3,714 million, while net sales decreased 30.5% to ¥2,716 million. In terms of earnings, the construction profit margin deteriorated, and construction progress did not advance, causing the timing of revenue recognition to be delayed due to extended construction periods and other factors. Operating income decreased 64.7% to ¥105 million and ordinary income decreased 61.6% to ¥119 million. Net income for the quarter also decreased 64.9% to ¥80 million.」
Order intake turned to a 32.8% year-on-year increase, while net sales, operating income, ordinary income and net income for the quarter declined, resulting in a pattern of higher orders coexisting with lower earnings. - FY2023-Q1WorsenedAnnual report
「As a result, for the three months ended the first quarter, order intake decreased 8.9% year on year to ¥1,348 million, while net sales also decreased 50.9% to ¥996 million. In terms of earnings, although the construction profit margin improved, operating income decreased 95.9% to ¥4 million and ordinary income decreased 89.4% to ¥12 million because construction progress did not advance and the timing of revenue recognition was delayed due to extended construction periods and other factors. Net income for the quarter also decreased 95.5% to ¥4 million.」
Order intake, net sales, operating income, ordinary income and net income for the quarter all declined year on year. Net sales decreased 50.9% and operating income decreased 95.9%. - FY2022WorsenedAnnual report
「As a result, for the fiscal year, order intake decreased 5.4% year on year to ¥7,166 million, while net sales also decreased 1.0% to ¥7,332 million. In terms of earnings, due in part to the deterioration in the construction profit margin, operating income decreased 25.8% to ¥710 million and ordinary income decreased 26.4% to ¥729 million. Net income for the year also decreased 26.6% to ¥491 million.」
Order intake, net sales, operating income, ordinary income and net income for the year all declined year on year, confirming the deterioration in full-year performance. - FY2022-Q3WorsenedAnnual report
「As a result, for the nine months ended the third quarter, order intake decreased 18.4% year on year to ¥4,362 million, while net sales also decreased 10.3% to ¥5,325 million. In terms of earnings, due in part to the deterioration in the construction profit margin, operating income decreased 52.8% to ¥421 million and ordinary income decreased 52.3% to ¥437 million. Net income for the quarter also decreased 53.3% to ¥292 million.」
As in the previous quarter, order intake, net sales, operating income, ordinary income and net income for the quarter all declined, and the rates of decline in operating income, ordinary income and net income for the quarter were greater than in the previous quarter. - FY2022-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, order intake decreased 19.6% year on year to ¥2,796 million, while net sales also decreased 6.7% to ¥3,910 million. In terms of earnings, due in part to the deterioration in the construction profit margin, operating income decreased 27.4% to ¥298 million and ordinary income decreased 28.6% to ¥310 million. Net income for the quarter also decreased 22.3% to ¥229 million.」
As in the previous quarter, the disclosure describes a pattern in which order intake, net sales, operating income, ordinary income and net income for the quarter all declined year on year. - FY2022-Q1ReframedAnnual report
「As a result, for the three months ended the first quarter, order intake decreased 27.6% year on year to ¥1,480 million, while net sales increased 1.8% to ¥2,029 million. In terms of earnings, due in part to the deterioration in the construction profit margin, operating income decreased 15.5% to ¥112 million and ordinary income decreased 19.8% to ¥118 million. Net income for the quarter increased 0.1% to ¥100 million, due in part to lower tax expenses following the decision to discontinue bankruptcy proceedings for bankruptcy and rehabilitation claims and other claims, which allowed them to be treated as deductible expenses for tax purposes.」
Order intake declined while net sales rose slightly, but operating income and ordinary income declined due to the deterioration in the construction profit margin. Net income for the quarter increased only marginally due to lower tax expenses. - FY2021ReframedAnnual report
「As a result, for the fiscal year, order intake decreased 0.3% year on year to ¥7,575 million, while net sales also decreased 11.9% to ¥7,407 million. In terms of earnings, due in part to the decline in net sales, operating income decreased 7.5% to ¥957 million and ordinary income decreased 4.9% to ¥990 million. As no extraordinary loss from impairment losses on securities and other assets was recorded in the fiscal year, net income for the year increased 1.8% to ¥669 million.」
Order intake, net sales, operating income and ordinary income declined, while net income for the year increased because no extraordinary loss from impairment losses on securities and other assets was recorded. - FY2021-Q3ReframedAnnual report
「As a result, for the nine months ended the third quarter, order intake decreased 2.2% year on year to ¥5,346 million, while net sales also decreased 12.3% to ¥5,935 million. In terms of earnings, operating income decreased 0.8% to ¥892 million, but ordinary income increased 2.7% to ¥916 million due to an increase in non-operating income and expenses. Net income for the quarter also increased 12.6% to ¥627 million.」
Although order intake and net sales declined, the decrease in operating income was limited to 0.8%, while ordinary income and net income for the quarter increased due to the increase in non-operating income and expenses. - FY2021-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, order intake decreased 11.6% year on year to ¥3,476 million, while net sales also decreased 9.9% to ¥4,189 million. In terms of earnings, due in part to the decline in net sales and deterioration in the construction profit margin, operating income decreased 26.6% to ¥411 million and ordinary income decreased 23.5% to ¥434 million. Net income for the quarter also decreased 9.8% to ¥295 million.」
As in the previous quarter, the disclosure describes a pattern in which order intake, net sales, operating income, ordinary income and net income for the quarter all declined year on year. - FY2021-Q1ReframedAnnual report
「As a result, for the three months ended the first quarter, order intake decreased 0.3% year on year to ¥2,045 million, while net sales also decreased 8.7% to ¥1,994 million. In terms of earnings, due in part to the decline in net sales and deterioration in the construction profit margin, operating income decreased 45.2% to ¥133 million and ordinary income decreased 41.8% to ¥147 million. Net income for the quarter also decreased 43.4% to ¥100 million.」
The pattern has changed from the previous year, when order intake, net sales and profits all increased, to one in which order intake, net sales, operating income, ordinary income and net income for the quarter all declined. - FY2020RestatedAnnual report
「For the fiscal year, order intake increased 13.5% year on year to ¥7,599 million, while net sales also increased 10.7% to ¥8,411 million. In terms of earnings, due in part to the increase in net sales and the improvement in the construction profit margin, operating income increased 42.4% to ¥1,033 million and ordinary income increased 43.6% to ¥1,039 million. Net income for the year also increased 34.2% to ¥655 million.」
For the full fiscal year, order intake, net sales, operating income, ordinary income and net income all increased year on year, continuing the pattern of higher sales and higher earnings. - FY2020-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, order intake increased 28.9% year on year to ¥5,466 million, while net sales also increased 19.5% to ¥6,770 million. In terms of earnings, due in part to the increase in net sales and the improvement in the construction profit margin, operating income increased 40.7% to ¥902 million and ordinary income increased 40.6% to ¥895 million. Although an impairment loss on investment securities and other assets was recorded as an extraordinary loss, net income for the quarter increased 28.3% to ¥559 million.」
Order intake, net sales, operating income, ordinary income and net income for the quarter all increased year on year, continuing the pattern of higher sales and higher earnings seen through the previous quarter. - FY2020-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, order intake increased 31.7% year on year to ¥3,930 million, while net sales increased 22.8% to ¥4,648 million. In terms of earnings, due in part to the increase in net sales and the improvement in the construction profit margin, operating income increased 51.1% to ¥561 million and ordinary income increased 52.0% to ¥568 million. Although an impairment loss on investment securities and other assets was recorded as an extraordinary loss, net income for the quarter increased 27.7% to ¥328 million.」
Order intake, net sales, operating income, ordinary income and net income for the quarter all increased year on year, reiterating the pattern of higher sales and higher earnings seen in the previous quarter. - FY2020-Q1ReframedAnnual report
「As a result, for the three months ended the first quarter, order intake increased 42.0% year on year to ¥2,051 million, while net sales also increased 36.2% to ¥2,185 million. In terms of earnings, due in part to the increase in net sales and the improvement in the construction profit margin, operating income increased 262.6% to ¥243 million and ordinary income increased 263.9% to ¥254 million. Net income for the quarter also increased 272.2% to ¥177 million.」
The pattern has changed from the previous fiscal year, when net sales and profits increased despite declining order intake, to one in which order intake, net sales, operating income, ordinary income and net income for the quarter all increased year on year. - FY2019RestatedAnnual report
「As a result, for the fiscal year, order intake decreased 19.9% year on year to ¥6,697 million, while net sales increased 9.2% to ¥7,595 million. In terms of earnings, due in part to the increase in net sales, operating income increased 18.6% to ¥725 million and ordinary income increased 15.8% to ¥724 million. Net income for the year also increased 27.1% to ¥488 million.」
For the full fiscal year, the disclosure describes a pattern of declining order intake but increasing net sales, operating income, ordinary income and net income. - FY2019-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, order intake decreased 18.6% year on year to ¥4,241 million, while net sales increased 22.5% to ¥5,664 million. In terms of earnings, due in part to the increase in net sales and the improvement in the construction profit margin, operating income increased 60.2% to ¥641 million and ordinary income increased 52.4% to ¥636 million. Net income for the quarter also increased 43.2% to ¥435 million.」
As in the previous quarter, the disclosure describes a pattern of declining order intake but increasing net sales, operating income, ordinary income and net income for the quarter. - FY2019-Q2ReframedAnnual report
「As a result, for the six months ended the second quarter, order intake decreased 18.6% year on year to ¥2,983 million, while net sales increased 21.6% to ¥3,786 million. In terms of earnings, due in part to the increase in net sales and the improvement in the construction profit margin, operating income increased 67.0% to ¥371 million and ordinary income increased 63.6% to ¥374 million. Net income for the quarter also increased 48.9% to ¥257 million.」
The pattern has changed from the previous quarter, when order intake and net sales increased but profits declined, to one in which order intake declined while net sales, operating income, ordinary income and net income for the quarter increased. - FY2019-Q1ReframedAnnual report
「As a result, for the three months ended the first quarter, order intake decreased 15.9% year on year to ¥1,445 million, while net sales increased 24.9% to ¥1,604 million. In terms of earnings, despite the increase in net sales, operating income decreased 14.0% to ¥67 million and ordinary income decreased 12.9% to ¥69 million due in part to the lower construction profit margin. Net income for the quarter also decreased 3.5% to ¥47 million.」
Although net sales increased while order intake declined, operating income, ordinary income and net income for the quarter all declined due in part to the lower construction profit margin. - FY2018RestatedAnnual report
「As a result, for the fiscal year, order intake increased 4.4% year on year to ¥8,359 million, while net sales decreased 14.1% to ¥6,954 million. In terms of earnings, due in part to the decline in net sales and the lower construction profit margin, operating income decreased 33.1% to ¥612 million and ordinary income decreased 32.9% to ¥625 million.」
The pattern previously shown on a quarterly basis, in which net sales and profits declined despite increasing order intake, is also described for the full fiscal year. - FY2018-Q3ReframedAnnual report
「As a result, for the nine months ended the third quarter, order intake increased 1.0% year on year to ¥5,211 million, while net sales decreased 21.8% to ¥4,622 million due to delays in the completion of certain large-scale construction projects. In terms of earnings, due to the decline in net sales, operating income decreased 42.7% to ¥400 million and ordinary income decreased 41.5% to ¥417 million. Net income for the quarter also decreased 37.7% to ¥304 million.」
The pattern has changed from declining order intake through the previous quarter to a 1.0% increase in order intake, while net sales, operating income, ordinary income and net income for the quarter declined due to construction delays. - FY2018-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, order intake decreased 8.7% year on year to ¥3,666 million, while net sales also decreased 20.4% to ¥3,114 million. In terms of earnings, due in part to the decline in net sales, operating income decreased 43.1% to ¥222 million and ordinary income decreased 42.3% to ¥228 million. Net income for the quarter also decreased 35.9% to ¥172 million.」
As in the previous quarter, the disclosure describes a pattern in which order intake, net sales, operating income, ordinary income and net income for the quarter all declined year on year. - FY2018-Q1ReframedAnnual report
「As a result, for the three months ended the first quarter, order intake decreased 21.7% year on year to ¥1,719 million, while net sales also decreased 22.8% to ¥1,285 million. In terms of earnings, due in part to the decline in net sales, operating income decreased 21.9% to ¥78 million and ordinary income decreased 19.7% to ¥80 million. Net income for the quarter also decreased 26.8% to ¥49 million.」
The pattern has changed from the previous one, in which net sales and profits increased despite declining orders, to one in which order intake, net sales, operating income, ordinary income and net income for the quarter all declined year on year. - FY2017-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, order intake decreased 15.6% year on year to ¥5,160 million, while net sales increased 2.8% to ¥5,913 million. In terms of earnings, due in part to the improvement in the construction profit margin, operating income increased 22.9% to ¥699 million and ordinary income increased 26.8% to ¥714 million. Net income for the quarter also increased 24.2% to ¥488 million.」
The disclosure again describes a pattern of order intake declining 15.6% while net sales, operating income, ordinary income and net income for the quarter increased. - FY2017-Q2ReframedAnnual report
「As a result, for the six months ended the second quarter, order intake decreased 17.7% year on year to ¥4,016 million, while net sales decreased 1.2% to ¥3,911 million. In terms of earnings, although the construction profit margin declined slightly, selling, general and administrative expenses decreased, resulting in operating income increasing 5.9% to ¥390 million and ordinary income increasing 7.5% to ¥396 million. Net income for the quarter also increased 4.4% to ¥269 million.」
Net sales also declined 1.2% in response to the decline in order intake, changing from the previous pattern of increasing net sales despite declining orders to a pattern of declining orders and net sales but increasing profits. - FY2017-Q1RestatedAnnual report
「As a result, for the cumulative first-quarter period, orders received decreased 14.3% year on year to ¥2,196 million, while revenue increased 9.0% to ¥1,663 million. In terms of earnings, operating profit increased 28.1% to ¥100 million and ordinary profit increased 38.2% to ¥100 million, mainly due to higher revenue and an improved construction profit margin.」
This quarter, too, the disclosure describes a pattern of declining order intake but increasing net sales, operating income and ordinary income. - FY2016ReframedAnnual report
「For the fiscal year, orders received increased 0.3% year on year to ¥8,192 million, and revenue also increased 11.0% to ¥7,818 million. In terms of earnings, operating profit increased 0.4% to ¥677 million and ordinary profit increased 0.9% to ¥681 million, mainly due to higher revenue.」
After orders received had declined in the previous period, they turned upward for the full year, increasing 0.3%, while revenue, operating profit and ordinary profit also increased. - FY2016-Q3First statedAnnual report
「Orders received decreased 12.7% year on year to ¥6,118 million, while revenue increased 8.4% to ¥5,752 million. In terms of earnings, operating profit increased 15.3% to ¥568 million and ordinary profit increased 15.1% to ¥563 million, mainly due to an improvement in the construction profit margin. Net income for the quarter also increased 28.0% to ¥393 million.」
Orders received decreased year on year, while revenue, operating profit, ordinary profit and net income for the quarter increased.