Improving Gross Profit Margins by Ending Domestic Palatinose Production and Switching to Imports
First written in FY2017-Q1. 3 of 6 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2021: 2 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「In the Food Science Business, sales of Palatinose and Palatinit were somewhat sluggish, but the margin for Palatinose improved and operating income exceeded the previous consolidated fiscal year.」
Although Palatinose sales were sluggish, operating income in the Food Science Business exceeded the previous fiscal year due to margin improvement, recovering from the previous decline in profit caused by higher purchase prices. - FY2019-Q2Profit decline due to higher purchase prices for PalatinoseAnnual report
「In the Food Science business, sales of Palatinose and Palatinit remained strong, but operating profit fell below the level of the same period of the previous year due to higher procurement costs for Palatinose and other factors.」
Although margin improvement following the switch to imported Palatinose had previously been reported, operating income fell below the year-earlier period this quarter due to higher purchase prices and other factors. - FY2017RestatedAnnual report
「In the Food Science Business, overall performance was somewhat sluggish, but margins for Palatinose and Palatinit improved, and operating income exceeded the previous fiscal year.」
We have reaffirmed the improved margins for Palatinose and Palatinit. - FY2017-Q3RestatedAnnual report
「In the Food Science Business, overall performance was somewhat sluggish, but operating income exceeded the year-earlier period, helped by stable purchase prices for Palatinose and an improved margin for Palatinit.」
We have reaffirmed the improved profitability of the Food Science Business, including stable purchase prices for Palatinose and improved margins. - FY2017-Q2RestatedAnnual report
「In the Food Science Business, the gross margin improved as Palatinose sales exceeded the year-earlier period and purchase prices remained stable.」
We continue to report stable purchase prices for Palatinose and an improved gross margin. - FY2017-Q1First statedAnnual report
「Although sales of Palatinose were below the year-earlier period, the gross margin improved after domestic production ended and we switched to imports.」
Domestic production of Palatinose ended and was switched to imports, improving the gross margin.