Operating Income Increases and Net Income Decreases Despite Declining Sales
First written in FY2016. 11 of 45 entries say "Reframed", first in FY2017-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 6 of 21 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2027-H1Revenue down; declines in all profit figures widenedAnnual report
「As a result, demand for cleaning services continued to decline amid lifestyle changes, including the shift toward more casual businesswear. In addition, customers were seen holding back on using cleaning services as rising prices heightened awareness of household financial pressures and increased the tendency to economize. Consequently, net sales were ¥2,976.505 million, a decrease of ¥153.645 million (4.9%) from the previous interim accounting period. With regard to profit, costs such as fuel and raw materials rose significantly due to the worsening situation in the Middle East. Operating profit was ¥247.025 million, a decrease of ¥62.362 million (20.2%) from the previous interim accounting period; ordinary profit was ¥288.554 million, a decrease of ¥66.884 million (18.8%); and interim net profit was ¥207.585 million, a decrease of ¥37.950 million (15.5%).」
Following the decline in revenue and decreases in all profit figures in the same period of the previous year, the interim accounting period also saw net sales decline 4.9%, operating profit decline 20.2%, ordinary profit decline 18.8% and interim net profit decline 15.5%. The significant increases in fuel and raw material costs resulting from the situation in the Middle East were identified as factors behind the decline in profit. - 2026-10-05Others.kabutan.jp
「きょくとう [<2300>](/stocks/2300/) [TSE Standard] announced its earnings at 14:00 during the afternoon session on October 5.」
The latest results added to the existing earnings trend were lower revenue, lower operating profit, lower ordinary profit and lower net profit for the first half of the fiscal year ending February 2027. - FY2026Full-year sales and all profit measures declinedAnnual report
「As a result, results for the fiscal year saw net sales of ¥5,244,187 thousand, down ¥136,437 thousand, or 2.5%, from the previous fiscal year. Due to increases in personnel expenses, POS register costs and other selling, general and administrative expenses, operating profit fell by ¥93,107 thousand, or 96.9%, to ¥2,942 thousand; ordinary profit fell by ¥86,338 thousand, or 47.4%, to ¥95,774 thousand; and net profit fell by ¥29,170 thousand, or 35.1%, to ¥53,880 thousand.」
After higher sales and higher profit across all measures in the previous fiscal year, the current fiscal year saw sales decline by 2.5%, while operating profit, ordinary profit and net profit all declined. - FY2026-H1Lower sales and lower profit across all measuresAnnual report
「As a result, results for the interim accounting period saw net sales of ¥3,130,151 thousand, down ¥52,689 thousand, or 1.7%, from the previous interim accounting period. Due to increases in personnel expenses, POS register costs and other selling, general and administrative expenses, operating profit fell by ¥65,603 thousand, or 17.5%, to ¥309,388 thousand; ordinary profit fell by ¥64,489 thousand, or 15.4%, to ¥355,439 thousand; and interim net profit fell by ¥47,157 thousand, or 16.1%, to ¥245,535 thousand.」
After higher sales and higher operating and other profit measures in the previous interim accounting period, the current interim accounting period saw sales decline by 1.7%, while operating profit, ordinary profit and interim net profit fell by 17.5%, 15.4% and 16.1%, respectively. The increase in selling, general and administrative expenses was cited as a factor behind the decline in profit. - FY2025Higher sales and higher operating and ordinary profit, but lower net profitAnnual report
「As a result, results for the fiscal year benefited from an increase in the number of laundry items received during the spring change-of-season period, the peak demand season of the year, as well as the contribution from the partial acquisition of a business implemented in the previous fiscal year. Net sales were ¥5,380,624 thousand, up ¥463,281 thousand, or 9.4%, from the previous fiscal year. Although raw material prices, personnel expenses and other costs increased, operating profit rose by ¥12,755 thousand, or 15.3%, to ¥96,050 thousand, and ordinary profit rose by ¥18,498 thousand, or 11.3%, to ¥182,112 thousand. Despite recording a gain of ¥46,998 thousand on the sale of fixed assets as an extraordinary gain, the Company recorded an impairment loss of ¥98,756 thousand and a surcharge of ¥15,000 thousand as extraordinary losses, among other items. As a result, net profit fell by ¥35,961 thousand, or 30.2%, to ¥83,050 thousand.」
After higher sales and a return to positive figures across all profit measures in the previous fiscal year, this fiscal year saw net sales rise 9.4%, operating profit 15.3% and ordinary profit 11.3%, while net profit fell 30.2% due to an impairment loss of ¥98,756 thousand, a surcharge of ¥15,000 thousand and other items. - FY2025-H1AdvancedAnnual report
「As a result, results for the interim accounting period saw net sales of ¥3,182,840 thousand, up ¥320,666 thousand, or 11.2%, from the previous interim accounting period. Although raw material and energy costs increased, fixed costs were reduced through the benefits of various reforms and efficiency measures implemented on an ongoing basis. Operating profit increased by ¥41,774 thousand, or 12.5%, to ¥374,991 thousand; ordinary profit increased by ¥47,313 thousand, or 12.7%, to ¥419,928 thousand; and interim net profit increased by ¥63,405 thousand, or 27.7%, to ¥292,693 thousand.」
Net sales increased 11.2% year on year, while operating profit, ordinary profit and interim net profit increased by 12.5%, 12.7% and 27.7%, respectively. The Company cited fixed-cost reductions from reforms and efficiency measures as a factor supporting higher profits despite rising costs. - FY2025-Q1AdvancedAnnual report
「As a result, results for the cumulative first quarter saw net sales of ¥2,034,385 thousand, up ¥249,693 thousand, or 14.0%, from the same quarter of the previous year. Operating profit increased by ¥77,585 thousand, or 18.2%, to ¥504,862 thousand; ordinary profit increased by ¥81,361 thousand, or 18.1%, to ¥531,138 thousand; and quarterly net profit increased by ¥84,365 thousand, or 29.8%, to ¥367,358 thousand.」
Net sales increased 14.0% year on year, while operating profit, ordinary profit and quarterly net profit increased by 18.2%, 18.1% and 29.8%, respectively. The higher sales and higher profit across all measures seen since the first quarter and full year of the previous fiscal year continued to progress. - FY2024AdvancedAnnual report
「Net sales were ¥5,072,139 thousand, up ¥383,455 thousand, or 8.2%, from the previous fiscal year. Operating profit was ¥83,295 thousand, an increase of ¥261,213 thousand from the previous fiscal year's operating loss of ¥177,918 thousand. Ordinary profit was ¥163,613 thousand, an increase of ¥256,933 thousand from the previous fiscal year's ordinary loss of ¥93,319 thousand. Net profit was ¥119,012 thousand, an increase of ¥288,792 thousand from the previous fiscal year's net loss of ¥169,780 thousand.」
Net sales increased 8.2%, and operating profit, ordinary profit and net profit all changed from losses in the previous fiscal year to positive figures. - FY2024-Q3AdvancedAnnual report
「As a result, results for the cumulative third quarter saw net sales of ¥4,059,999 thousand, up ¥276,138 thousand, or 7.3%, from the same quarter of the previous year. Although raw material and energy costs increased, fixed costs were reduced through the benefits of various reforms and efficiency measures implemented on an ongoing basis. Operating profit increased by ¥166,709 thousand, or 182.1%, to ¥258,274 thousand; ordinary profit increased by ¥161,021 thousand, or 102.6%, to ¥317,886 thousand; and quarterly net profit increased by ¥79,613 thousand, or 73.2%, to ¥188,310 thousand.」
Net sales increased 7.3% year on year, while operating profit, ordinary profit and quarterly net profit increased by 182.1%, 102.6% and 73.2%, respectively. The higher sales and higher profit across all measures seen in the previous quarter made further progress. - FY2024-Q2AdvancedAnnual report
「As a result, results for the cumulative second quarter saw net sales of ¥2,944,735 thousand, up ¥189,889 thousand, or 6.9%, from the same quarter of the previous year. Although raw material and energy costs increased, fixed costs were reduced through the benefits of various reforms and efficiency measures implemented on an ongoing basis. Operating profit increased by ¥148,891 thousand, or 80.8%, to ¥333,216 thousand; ordinary profit increased by ¥147,031 thousand, or 65.2%, to ¥372,614 thousand; and quarterly net profit increased by ¥87,236 thousand, or 61.4%, to ¥229,288 thousand.」
Net sales increased 6.9% year on year, while operating profit, ordinary profit and quarterly net profit increased by 80.8%, 65.2% and 61.4%, respectively. The higher sales and higher profit across all measures seen in the previous quarter made further numerical progress. - FY2024-Q1Higher sales and higher profit across all measuresAnnual report
「As a result, results for the cumulative first quarter saw net sales of ¥1,832,639 thousand, up ¥93,839 thousand, or 5.4%, from the same quarter of the previous year. Operating profit increased by ¥77,521 thousand, or 22.2%, to ¥427,277 thousand; ordinary profit increased by ¥79,260 thousand, or 21.4%, to ¥449,776 thousand; and quarterly net profit increased by ¥36,460 thousand, or 14.8%, to ¥282,993 thousand.」
After lower sales and higher operating profit and other profit measures in the same period of the previous year, the first quarter saw sales increase by 5.4%, while operating profit, ordinary profit and quarterly net profit all increased. - FY2023ReframedAnnual report
「As a result, results for the fiscal year saw net sales of ¥4,688,683 thousand, up ¥107,931 thousand, or 2.4%, from the previous fiscal year. Operating loss narrowed to ¥177,918 thousand from the previous fiscal year's operating loss of ¥442,505 thousand, and ordinary loss narrowed to ¥93,319 thousand from the previous fiscal year's ordinary loss of ¥371,822 thousand.」
After lower sales and widening losses through the previous fiscal year, this fiscal year saw sales increase by 2.4%, while operating loss and ordinary loss narrowed. However, losses continued at each level. - FY2023-Q3AdvancedAnnual report
「As a result, results for the cumulative third quarter saw net sales of ¥3,783,861 thousand, up ¥58,639 thousand, or 1.6%, from the same quarter of the previous year. Operating results changed from an operating loss of ¥166,937 thousand in the previous year to operating profit of ¥91,565 thousand, an increase of ¥258,502 thousand, partly due to the benefits of greater operating efficiency from the ongoing integration and consolidation of factories and stores. Ordinary profit increased by ¥249,425 thousand, or 1,091.8%, to ¥272,269 thousand, and quarterly net profit increased by ¥182,585 thousand, or 2,890.5%, to ¥188,902 thousand.」
After lower sales and an operating loss in the same period of the previous year, the cumulative third quarter saw sales increase by 1.6% and operating results turn positive at ¥91,565 thousand. Ordinary profit and quarterly net profit also increased, showing further numerical progress in the recovery. - FY2023-Q2AdvancedAnnual report
「As a result, results for the cumulative second quarter saw net sales of ¥2,754,846 thousand, up ¥64,435 thousand, or 2.4%, from the same quarter of the previous year. Operating results changed from an operating loss of ¥4,285 thousand in the previous year to operating profit of ¥184,325 thousand, an increase of ¥188,611 thousand, partly due to the benefits of greater operating efficiency from the ongoing integration and consolidation of factories and stores. Ordinary profit increased by ¥184,838 thousand, or 160.4%, to ¥300,109 thousand, partly because the Company recorded ¥74,526 thousand in employment adjustment subsidies as non-operating income for closures and reduced operating hours implemented as measures against COVID-19. Quarterly net profit increased by ¥122,751 thousand, or 172.7%, to ¥193,848 thousand.」
Net sales increased 2.4% year on year, and operating results changed from an operating loss to operating profit. Ordinary profit and quarterly net profit also increased substantially, marking further numerical progress in the recovery that began in the previous quarter. - FY2023-Q1ReframedAnnual report
「As a result, results for the cumulative first quarter saw net sales of ¥1,738,799 thousand, up ¥10,271 thousand, or 0.6%, from the same quarter of the previous year. Operating profit increased by ¥88,560 thousand, or 33.9%, to ¥349,755 thousand, partly due to the benefits of greater operating efficiency from the ongoing integration and consolidation of factories and stores. Ordinary profit increased by ¥87,401 thousand, or 27.3%, to ¥407,646 thousand, partly because the Company recorded ¥37,131 thousand in employment adjustment subsidies as non-operating income for closures and reduced operating hours implemented as measures against COVID-19. Quarterly net profit increased by ¥50,444 thousand, or 22.7%, to ¥272,338 thousand.」
After lower sales and broad-based profit increases in the first quarter of the previous fiscal year, this quarter saw sales increase by 0.6%, while operating profit, ordinary profit and quarterly net profit all increased. - FY2022AdvancedAnnual report
「As a result, results for the fiscal year saw net sales of ¥4,580,751 thousand, down ¥303,763 thousand, or 6.2%, from the previous fiscal year. Operating loss narrowed to ¥444,597 thousand from ¥624,435 thousand in the previous fiscal year, and ordinary loss narrowed to ¥202,662 thousand from ¥406,715 thousand, partly due to the benefits of greater operating efficiency from the integration and consolidation of factories and stores implemented since the previous fiscal year. The Company recorded investment securities valuation losses of ¥377,730 thousand and an impairment loss of ¥14,274 thousand as extraordinary losses, resulting in a net loss of ¥614,992 thousand, down from the previous fiscal year's net loss of ¥756,563 thousand.」
While net sales fell 6.2%, operating loss, ordinary loss and net loss all narrowed from the previous fiscal year. However, losses continued at each level. - FY2022-Q3RestatedAnnual report
「As a result, results for the cumulative third quarter saw net sales of ¥3,725,221 thousand, down ¥301,798 thousand, or 7.5%, from the same quarter of the previous year. Operating loss narrowed by ¥113,997 thousand to ¥166,937 thousand, compared with an operating loss of ¥280,934 thousand in the previous year, partly due to the benefits of greater operating efficiency from the integration and consolidation of factories and stores implemented since the previous fiscal year. Ordinary profit increased by ¥148,325 thousand to ¥22,844 thousand, compared with an ordinary loss of ¥125,480 thousand in the previous year, and quarterly net profit increased by ¥344,698 thousand to ¥6,316 thousand, compared with a quarterly net loss of ¥338,382 thousand in the previous year.」
Although sales continued to decline year on year, the operating loss narrowed, while ordinary profit and quarterly net profit remained positive. The results reconfirmed the recovery in profits despite lower sales seen in the previous quarter. - FY2022-Q2Operating loss narrowed and ordinary profit turned positive despite lower salesAnnual report
「As a result, results for the cumulative second quarter saw net sales of ¥2,690,410 thousand, down ¥221,910 thousand, or 7.6%, from the same quarter of the previous year. Operating loss narrowed by ¥42,519 thousand to ¥4,285 thousand, compared with an operating loss of ¥46,805 thousand in the previous year, partly due to the benefits of greater operating efficiency from the integration and consolidation of factories and stores implemented since the previous fiscal year. Ordinary profit increased by ¥76,744 thousand, or 199.2%, to ¥115,270 thousand, and quarterly net profit increased by ¥46,316 thousand, or 186.9%, to ¥71,097 thousand.」
While net sales fell 7.6% year on year, the operating loss narrowed and ordinary profit and quarterly net profit were positive. The results continued the previous quarter's trend of profit recovery despite lower sales, with the operating loss narrowing and ordinary profit turning positive. - FY2022-Q1ReframedAnnual report
「As a result, results for the cumulative first quarter saw net sales of ¥1,728,527 thousand, down ¥41,624 thousand, or 2.4%, from the same quarter of the previous year. Operating profit increased by ¥63,291 thousand, or 32.0%, to ¥261,195 thousand, partly due to the benefits of greater operating efficiency from the integration and consolidation of factories and stores implemented since the previous fiscal year. Ordinary profit increased by ¥97,348 thousand, or 43.7%, to ¥320,245 thousand, partly because the Company recorded ¥40,666 thousand in employment adjustment subsidies as non-operating income for closures and reduced operating hours implemented as measures against COVID-19. Quarterly net profit increased by ¥95,829 thousand, or 76.0%, to ¥221,893 thousand.」
Although net sales fell 2.4%, operating profit, ordinary profit and quarterly net profit all increased, helped by efficiency gains from the integration and consolidation of factories and stores and employment adjustment subsidies. Compared with the lower sales and broad-based profit declines in the previous fiscal year and same period, results shifted to profit recovery despite lower sales. - FY2021WorsenedAnnual report
「As a result, results for the fiscal year saw net sales of ¥4,884,515 thousand, down ¥1,734,020 thousand, or 26.2%, from the previous fiscal year. Operating loss was ¥624,435 thousand, a decline of ¥705,467 thousand from the previous fiscal year, when the Company recorded operating profit of ¥81,031 thousand, due to lower sales. Although the Company recorded ¥113,951 thousand in employment adjustment subsidies as non-operating income for closures and reduced operating hours implemented as measures against COVID-19, ordinary results changed from ordinary profit of ¥171,997 thousand in the previous fiscal year to an ordinary loss of ¥406,715 thousand, a decline of ¥578,712 thousand. The Company recorded an impairment loss of ¥176,591 thousand as an extraordinary loss, reversed part of its deferred tax assets and recorded ¥165,852 thousand in income taxes and other adjustments, resulting in a net loss of ¥756,563 thousand, a decline of ¥806,375 thousand from the previous fiscal year, when the Company recorded net profit of ¥49,811 thousand.」
Performance deteriorated further from the previous fiscal year's lower sales and declines in operating and ordinary profit. Net sales fell 26.2%, while operating loss was ¥624,435 thousand, ordinary loss was ¥406,715 thousand and net loss was ¥756,563 thousand. - FY2021-Q3WorsenedAnnual report
「As a result, results for the cumulative third quarter saw net sales of ¥4,027,020 thousand, down ¥1,284,984 thousand, or 24.2%, from the same quarter of the previous year. Operating loss was ¥280,934 thousand, a decline of ¥546,427 thousand from the previous year, when the Company recorded operating profit of ¥265,492 thousand, due to lower sales. Although the Company recorded ¥73,337 thousand in employment adjustment subsidies as non-operating income for closures and reduced operating hours implemented as measures against COVID-19, ordinary results changed from ordinary profit of ¥339,176 thousand in the previous year to an ordinary loss of ¥125,480 thousand, a decline of ¥464,656 thousand. The Company reversed part of its deferred tax assets and recorded ¥189,758 thousand in income taxes and other adjustments, resulting in a quarterly net loss of ¥338,382 thousand, a decline of ¥542,959 thousand from the previous year, when the Company recorded quarterly net profit of ¥204,577 thousand.」
Net sales fell 24.2% year on year, and operating, ordinary and quarterly net results all changed from profit to loss. Compared with the lower sales and broad-based profit declines through the previous quarter, the decline in sales and deterioration in earnings widened further. - FY2021-Q2WorsenedAnnual report
「As a result, results for the cumulative second quarter saw net sales of ¥2,912,320 thousand, down ¥907,121 thousand, or 23.8%, from the same quarter of the previous year. Operating loss was ¥46,805 thousand, a decline of ¥397,960 thousand from the previous year, when the Company recorded operating profit of ¥351,155 thousand. Ordinary profit fell by ¥361,573 thousand, or 90.4%, to ¥38,526 thousand, and quarterly net profit fell by ¥206,487 thousand, or 89.3%, to ¥24,781 thousand.」
Net sales fell 23.8% year on year, and operating results changed from operating profit of ¥351,155 thousand to an operating loss of ¥46,805 thousand. Ordinary profit and quarterly net profit also fell by 90.4% and 89.3%, respectively, as the impact of lower sales and lower profits continued. - FY2021-Q1Significant deterioration, with lower sales and declines across all profit measuresAnnual report
「Net sales were ¥1,770,152 thousand, down ¥559,879 thousand, or 24.0%, from the same quarter of the previous year. Operating profit fell by ¥295,673 thousand, or 59.9%, to ¥197,903 thousand. Ordinary profit fell by ¥296,399 thousand, or 57.1%, to ¥222,896 thousand, and quarterly net profit fell by ¥183,754 thousand, or 59.3%, to ¥126,064 thousand.」
Following lower sales and declines in operating profit and other profit measures in the previous fiscal year, the decline widened in the first quarter, with net sales down 24.0%, operating profit down 59.9%, ordinary profit down 57.1% and quarterly net profit down 59.3%. - FY2020RestatedAnnual report
「As a result, despite implementing various measures, results for the fiscal year were affected by lower deliveries of heavy clothing due to the unusually warm winter; household spending shifting to the exceptionally long holiday period during the peak spring season; unsettled weather and a succession of record-breaking typhoons from the summer onward reducing opportunities for customers to bring in laundry; restrained household spending following the consumption tax increase; and people refraining from going out to avoid infection with the novel coronavirus. Net sales were ¥6,618,536 thousand, down ¥61,364 thousand, or 0.9%, from the previous fiscal year. Due to lower sales, the investment expenses described above, temporary expenses associated with the closure of unprofitable stores and the consolidation of factories and plants, and higher personnel expenses, operating profit fell by ¥140,393 thousand, or 63.4%, year on year to ¥81,031 thousand. Ordinary profit fell by ¥160,406 thousand, or 48.3%, to ¥171,997 thousand.」
For the full year, results confirmed declines in sales, operating profit and ordinary profit. Net sales fell by 0.9%, operating profit by 63.4% and ordinary profit by 48.3%. - FY2020-Q3RestatedAnnual report
「As a result, despite implementing various measures, results for the cumulative third quarter were affected by sluggish deliveries of heavy clothing, particularly coats, due to the unusually warm winter; household spending shifting to the exceptionally long holiday period during the peak spring season; and unsettled weather and a succession of record-breaking typhoons from the summer onward reducing opportunities for customers to bring in laundry. Net sales were ¥5,312,004 thousand, down ¥77,220 thousand, or 1.4%, from the same quarter of the previous year. Due to temporary expenses associated with the consolidation of plants and factories and the closure of unprofitable stores, as well as higher personnel expenses, operating profit fell by ¥152,169 thousand, or 36.4%, year on year to ¥265,492 thousand. Ordinary profit fell by ¥166,027 thousand, or 32.9%, to ¥339,176 thousand, and quarterly net profit fell by ¥100,790 thousand, or 33.0%, to ¥204,577 thousand.」
Net sales declined by 1.4%, while operating profit, ordinary profit and quarterly net profit all declined. As in the previous quarter, results again showed declines in all profit measures amid lower sales. - FY2020-Q2ReframedAnnual report
「As a result, despite implementing various measures, results for the cumulative second quarter were affected by sluggish deliveries of heavy clothing, particularly coats, due to the unusually warm winter. In addition, household spending shifted to the exceptionally long holiday period during the peak spring season, while unsettled weather and typhoons that hit the Kanto and western Japan regions in July and August reduced opportunities for customers to bring in laundry. Net sales were ¥3,819,442 thousand, down ¥102,630 thousand, or 2.6%, from the same quarter of the previous year. Although the Company worked to reduce expenses, including through plant consolidation and the closure of unprofitable stores, operating profit fell by ¥150,700 thousand, or 30.0%, year on year to ¥351,155 thousand, due to lower sales and higher personnel expenses. Ordinary profit fell by ¥150,011 thousand, or 27.3%, to ¥400,100 thousand, and quarterly net profit fell by ¥102,838 thousand, or 30.8%, to ¥231,268 thousand.」
After higher sales in the same period of the previous year and mixed trends across profit items, the cumulative second quarter saw sales decline by 2.6%, while operating profit, ordinary profit and quarterly net profit all declined. - FY2020-Q1ReframedAnnual report
「As a result, despite implementing various measures, results for the cumulative first quarter were affected by the unusually warm winter, which led to sluggish deliveries of heavy clothing, particularly coats. In addition, the extended holiday period from the end of April had a considerable impact on customers holding back from bringing in laundry. Net sales were ¥2,330,031 thousand, down ¥129,432 thousand, or 5.3%, from the same quarter of the previous year. Although the Company worked to reduce expenses, including by closing unprofitable stores, operating profit fell by ¥112,558 thousand, or 18.6%, year on year to ¥493,576 thousand, due to lower sales and higher personnel expenses. Ordinary profit fell by ¥110,934 thousand, or 17.6%, to ¥519,295 thousand, and quarterly net profit fell by ¥81,273 thousand, or 20.8%, to ¥309,819 thousand.」
After recording higher sales and higher profits in the same period of the previous year, the Company recorded a 5.3% decline in sales this quarter, with operating profit, ordinary profit and quarterly net profit also declining. The Company cited the unusually warm winter, the extended holiday period, lower sales and higher personnel expenses as factors affecting performance. - FY2019ReframedAnnual report
「Net sales were ¥6,679.900 million, an increase of ¥43.032 million, or 0.6%, from the previous fiscal year. As a result of ongoing productivity improvements and cost-cutting efforts, including the closure of unprofitable stores, operating profit was ¥221.425 million, an increase of ¥21.650 million, or 10.8%, and ordinary profit was ¥332.403 million, an increase of ¥42.441 million, or 14.6%. Net income was ¥120.673 million, a decrease of ¥15.765 million, or 11.6%, due in part to the recording of an impairment loss of ¥103.373 million on a plant whose profitability had declined.」
The results shifted from declining sales, operating profit and ordinary profit in the previous fiscal year to increases in sales, operating profit and ordinary profit in the current fiscal year, while net income declined due to the impairment loss. - FY2019-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter were ¥5,389.224 million, a decrease of ¥7.001 million, or 0.1%, from the same period of the previous year, due to the effects of weather, including torrential rain in June and July, repeated typhoons and record heat. Operating profit was ¥417.662 million, a decrease of ¥30.388 million, or 6.8%, ordinary profit was ¥505.203 million, a decrease of ¥8.570 million, or 1.7%, and quarterly net income was ¥305.367 million, a decrease of ¥20.574 million, or 6.3%, due to increased personnel expenses, including those associated with assigning store managers under the new store manager system established in August 2017 in the previous fiscal year to company-operated stores and securing labor.」
Net sales declined 0.1%, and operating profit, ordinary profit and quarterly net income all declined. This reconfirms the performance pattern of declining sales and declines across all profit measures seen in the third quarter of the previous year. - FY2019-Q2ReframedAnnual report
「As a result, despite the effects of weather conditions, including torrential rain in June and July, repeated typhoons and record heat, net sales for the cumulative second quarter were ¥3,922.072 million, an increase of ¥33.008 million, or 0.8%, from the same period of the previous year. Personnel expenses increased, including as a result of assigning store managers under the new store manager system established in August 2017 in the previous fiscal year to company-operated stores. Operating profit was ¥501.855 million, a decrease of ¥0.654 million, or 0.1%, ordinary profit was ¥550.111 million, an increase of ¥10.348 million, or 1.9%, and quarterly net income was ¥334.106 million, a decrease of ¥10.907 million, or 3.2%, from the same period of the previous year.」
While net sales increased 0.8%, operating profit declined, ordinary profit increased and quarterly net income declined. Unlike the increase across all profit measures in the same period of the previous year and in the previous full-year results, the profit measures now moved in different directions. - FY2019-Q1ReframedAnnual report
「As a result, net sales for the cumulative first quarter were ¥2,459.463 million, an increase of ¥77.079 million, or 3.2%, from the same quarter of the previous year, as the spring clothing-change season arrived earlier than usual partly due to weather conditions. Although personnel expenses increased, including as a result of assigning store managers under the new store manager system established in August 2017 to 99 company-operated stores, operating profit was ¥606.135 million, an increase of ¥19.379 million, or 3.3%, ordinary profit was ¥630.230 million, an increase of ¥25.687 million, or 4.2%, and quarterly net income was ¥391.092 million, an increase of ¥16.673 million, or 4.5%, from the same quarter of the previous year.」
Net sales shifted from a decline in the same period of the previous year to a 3.2% increase, while operating profit, ordinary profit and quarterly net income all increased. - FY2018ReframedAnnual report
「Net sales were ¥6,636.867 million, a decrease of ¥166.604 million, or 2.4%, from the previous fiscal year. Operating profit was ¥199.775 million, a decrease of ¥161.610 million, or 44.7%, and ordinary profit was ¥289.962 million, a decrease of ¥156.961 million, or 35.1%. Net income was ¥136.438 million, an increase of ¥42.341 million, or 45.0%, from the previous fiscal year.」
Net sales, operating profit and ordinary profit declined, while net income increased. Compared with the previous quarter, when all profit measures declined, the full-year results shifted to a pattern in which the profit measures moved in different directions. - FY2018-Q3All profit measures shifted to declinesAnnual report
「As a result, net sales for the cumulative third quarter were ¥5,396.226 million, a decrease of ¥104.515 million, or 1.9%, from the same period of the previous year, due to sluggish demand caused by unfavorable weather, including typhoons in summer and record rainfall, in addition to the previously noted declining trend in total demand for cleaning services. Despite efforts to reduce costs through ongoing productivity improvements and the closure of unprofitable stores, operating profit was ¥448.050 million, a decrease of ¥71.175 million, or 13.7%, ordinary profit was ¥513.773 million, a decrease of ¥63.526 million, or 11.0%, and quarterly net income was ¥325.941 million, a decrease of ¥6.902 million, or 2.1%, from the same period of the previous year.」
Net sales declined 1.9%, and operating profit, ordinary profit and quarterly net income all declined. The results shifted from the previous quarter, which included an increase in net income, to a decline across all profit measures. - FY2018-Q2ReframedAnnual report
「As a result, net sales for the cumulative second quarter were ¥3,889.064 million, a decrease of ¥72.300 million, or 1.8%, from the same period of the previous year. This reflected the 13-store decrease from the end of the same cumulative quarter of the previous year and sluggish demand due to unfavorable weather, including typhoons in summer and record rainfall. Despite efforts to reduce costs through ongoing productivity improvements, the closure of unprofitable stores and reductions in personnel expenses, operating profit was ¥502.509 million, a decrease of ¥0.470 million, or 0.1%, and ordinary profit was ¥539.763 million, a decrease of ¥3.494 million, or 0.6%. Quarterly net income was ¥345.014 million, an increase of ¥31.725 million, or 10.1%, due in part to the recording of a gain on the sale of property, plant and equipment.」
Net sales declined 1.8%, and operating profit and ordinary profit also declined slightly, while quarterly net income increased due to gains on the sale of property, plant and equipment and other factors. The results shifted from the previous pattern of increases in operating profit, ordinary profit and net income despite declining sales, with the profit measures now moving in different directions. - FY2018-Q1RestatedAnnual report
「As a result, net sales for the cumulative first quarter were ¥2,382.384 million, a decrease of ¥18.248 million, or 0.8%, from the same quarter of the previous year, partly because the number of stores had decreased by 19 from the end of the same cumulative quarter of the previous year, as described above. Continued efforts to improve productivity at plants and facilities, the closure of unprofitable stores and cost-cutting measures, including the review of operating hours and the introduction of regular closing days in the previous fiscal year, were effective. Consequently, operating profit was ¥586.755 million, an increase of ¥56.567 million, or 10.7%, ordinary profit was ¥604.542 million, an increase of ¥56.708 million, or 10.4%, and quarterly net income was ¥374.419 million, an increase of ¥57.816 million, or 18.3%, from the same quarter of the previous year.」
While the decline in the number of stores reduced net sales by 0.8%, cost-cutting measures increased operating profit, ordinary profit and quarterly net income, reconfirming the previous performance pattern. - FY2017RestatedAnnual report
「Net sales were ¥6,803 million, a decrease of ¥64 million, or 0.9%, from the previous year. Cost-cutting measures were effective, resulting in operating profit of ¥361 million, an increase of ¥221 million, or 158.8%, and ordinary profit of ¥446 million, an increase of ¥216 million, or 94.3%. Net income was ¥94 million, an increase of ¥38 million, or 70.5%, despite the recording of an impairment loss of ¥243 million on an unprofitable division.」
The full-year results reconfirm the performance pattern in which net sales decline while operating profit, ordinary profit and net income all increase through cost reductions. - FY2017-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter were ¥5,500.741 million, a decrease of ¥65.071 million, or 1.2%, from the same period of the previous year, due to the 26-store decrease from the end of the same cumulative quarter of the previous year and the effects of unfavorable weather in the second quarter. Although expenses related to capital investment increased, continued efforts to improve productivity at plants and facilities and operating efficiency, together with the closure of unprofitable stores and reviews of operating hours, reduced the cost of sales and selling, general and administrative expenses. Consequently, operating profit was ¥519.226 million, an increase of ¥199.087 million, or 62.2%, ordinary profit was ¥577.300 million, an increase of ¥190.934 million, or 49.4%, and quarterly net income was ¥332.844 million, an increase of ¥101.461 million, or 43.9%, from the same period of the previous year.」
While net sales declined 1.2%, operating profit, ordinary profit and quarterly net income all increased. This reconfirms the performance pattern of containing costs and increasing all profit measures despite declining sales. - FY2017-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter were ¥3,961.364 million, a decrease of ¥50.579 million, or 1.3%, from the same period of the previous year, due to the 32-store decrease from the end of the same cumulative quarter of the previous year, as described above, as well as unfavorable weather. Although expenses related to capital investment increased, continued efforts to improve productivity at plants and facilities, the closure of unprofitable stores and reviews of operating hours reduced the cost of sales and selling, general and administrative expenses. Consequently, operating profit was ¥502.980 million, an increase of ¥148.059 million, or 41.7%, ordinary profit was ¥543.257 million, an increase of ¥145.428 million, or 36.6%, and quarterly net income was ¥313.289 million, an increase of ¥73.492 million, or 30.6%, from the same period of the previous year.」
While net sales declined 1.3%, operating profit, ordinary profit and quarterly net income all increased. This reconfirms the performance pattern identified in the previous quarter, in which all profit measures increased despite declining sales. - FY2017-Q1ReframedAnnual report
「As a result, net sales for the cumulative first quarter were ¥2,400.632 million, a decrease of ¥30.750 million, or 1.3%, from the same quarter of the previous year, partly because the number of stores had decreased by 38 from the end of the same cumulative quarter of the previous year, as described above. Although expenses related to capital investment increased, continued efforts to improve productivity at plants and facilities and the closure of unprofitable stores reduced the cost of sales and selling, general and administrative expenses. Consequently, operating profit was ¥530.187 million, an increase of ¥53.197 million, or 11.2%, ordinary profit was ¥547.834 million, an increase of ¥52.158 million, or 10.5%, and quarterly net income was ¥316.602 million, an increase of ¥17.693 million, or 5.9%, from the same quarter of the previous year.」
While net sales declined 1.3%, operating profit, ordinary profit and quarterly net income all increased. The results shifted from the previous full-year pattern, which included a decline in net income, to an increase across all profit measures in the quarter. - FY2016First statedAnnual report
「Net sales were ¥6,868.230 million, a decrease of ¥95.594 million, or 1.4%, from the same period of the previous year. Operating profit was ¥139.613 million, an increase of ¥17.243 million, or 14.1%, and ordinary profit was ¥230.065 million, an increase of ¥17.885 million, or 8.4%. Net income was ¥55.174 million, a decrease of ¥120.679 million, or 68.6%, from the previous year. In the previous fiscal year, the company recorded a gain on the sale of property, plant and equipment of ¥127.602 million as extraordinary income, whereas in the current fiscal year it recorded an impairment loss of ¥58.553 million on idle assets and unprofitable divisions as an extraordinary loss, among other factors.」
For the current fiscal year, the company states that net sales declined while operating profit and ordinary profit increased, and net income declined due to impairment losses and other factors.