Profit pressure from higher expenses associated with establishing a new plant
First written in FY2018-Q3. 2 of 4 entries say "Worsened", first in FY2018. Latest entry: FY2021.
Takizawa Ham moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2023: 8 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2021WorsenedAnnual report
「The cost-of-sales ratio deteriorated by 1.0 percentage point from the previous consolidated fiscal year to 83.3%, partly due to higher depreciation expenses.」
Partly due to higher depreciation expenses related to the new plant and other facilities, the cost-of-sales ratio deteriorated by 1.0 percentage point from 82.3% in the previous fiscal year to 83.3%. - FY2019RestatedAnnual report
「The company promoted cost reductions, including the consolidation and elimination of product lines, but the cost-of-sales ratio was 82.3%, roughly unchanged from the previous consolidated fiscal year due to higher depreciation expenses for the new plant.」
Higher depreciation expenses for the new plant continue to be cited as a factor weighing on earnings. - FY2018WorsenedAnnual report
「Although the company promoted cost reductions, including the consolidation and elimination of products, the cost-of-sales ratio worsened by 0.1 percentage points from the previous consolidated fiscal year to 82.3% due to higher depreciation and labor costs resulting from the construction of the new plant.」
Higher depreciation and labor costs resulting from the construction of a new plant have actually pushed the cost-of-sales ratio up to 82.3% and continue to weigh on earnings. - FY2018-Q3First statedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year increased to ¥2,658.0 million, up 5.7% year on year. In terms of earnings, although sales increased and efforts were made to reduce costs, higher expenses associated with establishing a new plant resulted in operating profit of ¥558 million, down 1.4% year on year, ordinary profit of ¥593 million, down 1.8%, and quarterly profit attributable to owners of the parent of ¥421 million, down 11.9%.」
Higher expenses associated with establishing a new plant were identified for the first time as a factor behind declines in operating profit and other earnings. Operating profit fell 1.4% year on year, ordinary profit fell 1.8%, and quarterly net income attributable to owners of the parent fell 11.9%.