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Takachiho Koheki (2676) · InitiativeElectromechanics profit declines due to yen depreciation and growth investments

Low-cost operations and lowering the break-even point

First written in FY2016. 8 of 16 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.

16entries
11years
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q3 – FY2018AdvancedFY2019-Q2 – FY2019OtherFY2020OtherFY2024-Q1 – FY20262016: 220162017: 220172018: 420182019: 220192020: 120202021: 020212022: 120222023: 220232024: 120242025: 020252026: 12026
Same theme, other companies
Improving Profitability by Selecting and Organizing Low-Margin Projects and Managing Costs Across the CompanyA theme 411 companies write about · 3 as a headwind · 436 as a tailwind

23 other companies' latest entry also says "Other".

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Showing 14 of the 189 companies compared. The sentences above are computed from all 189.Comparing 200 of the theme's 439 threads.
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  1. FY2026Electromechanics profit declines due to yen depreciation and growth investmentsAnnual report

    「Sales in the Electromechanics segment decreased 0.2% year on year to ¥14.358 billion, while operating profit fell 24.9% to ¥695 million, due to higher procurement costs resulting from the weaker yen and increased SG&A expenses from growth investments, including sales personnel.」

    In addition to procurement costs affected by the weaker yen, higher selling, general and administrative expenses from growth investments in sales personnel and other areas weighed on operating profit in the Electromechanics segment.
  2. FY2024-Q3The weaker yen and inventory valuation losses pressured earnings.Annual report

    「Mailing-system maintenance parts weighed on operating profit because of higher procurement costs resulting from the weaker yen and the recording of inventory valuation losses.」

    In addition to higher procurement costs for maintenance parts due to the weaker yen, the recording of inventory valuation losses was cited as a factor weighing on operating profit.
  3. FY2024-Q2Higher maintenance-parts costs due to the weaker yen continued.Annual report

    「Although sales progressed steadily because of higher maintenance revenue from access-control systems, an increase in the number of MSP service contracts and higher cloud-service revenue, higher procurement costs for mailing-system maintenance parts due to the weaker yen affected operating profit.」

    While sales growth from MSP services and other businesses continued, the situation in which higher procurement costs due to the weaker yen weigh on operating profit also continued.
  4. FY2024-Q1Higher procurement costs due to the weaker yen pressured earnings.Annual report

    「Although the number of MSP service contracts increased steadily and performance remained strong, higher procurement costs for mailing-system maintenance parts due to the weaker yen affected operating profit.」

    While MSP services continued to expand, higher procurement costs for maintenance parts due to the weaker yen became a factor behind the decline in operating profit.
  5. FY2023-Q1AdvancedAnnual report

    「In terms of earnings, in addition to the reasons described above, improvement in the gross profit margin drove operating profit up 215.0% year on year to ¥206 million. Ordinary profit rose 360.9% year on year to ¥431 million, partly because a foreign-exchange valuation gain was recorded on foreign-currency-denominated receivables.」

    Improvement in the gross profit margin contributed to a 215.0% year-on-year increase in operating profit, and the benefits of low-cost operations and margin improvement were reflected in quarterly results.
  6. FY2020The earnings improvement effect receded.Annual report

    「In terms of earnings, for the reasons described above, operating profit decreased 20.4% year on year to ¥788 million, while ordinary profit decreased 18.5% to ¥885 million.」

    Selling, general and administrative expenses increased from ¥4,117 million in the previous fiscal year to ¥4,333 million, and operating profit declined 20.4% year on year. The earnings improvement from cost reductions seen in previous years receded on a full-year basis.
  7. FY2019AdvancedAnnual report

    「In terms of earnings, strong domestic sales of the relatively high-margin systems segment and efforts to reduce selling, general and administrative expenses resulted in operating profit rising 49.1% year on year to ¥989 million.」

    Against a backdrop of high-margin systems sales and reductions in selling, general and administrative expenses, operating profit rose 49.1% year on year to ¥989 million.
  8. FY2019-Q3AdvancedAnnual report

    「In terms of earnings, although sales declined, strong domestic sales of the relatively high-margin systems segment and efforts to reduce selling, general and administrative expenses resulted in operating profit rising 43.1% year on year to ¥530 million.」

    Operating profit rose 43.1% year on year despite lower sales, driven by high-margin systems sales and reductions in selling, general and administrative expenses.
  9. FY2019-Q2AdvancedAnnual report

    「In terms of earnings, although sales declined, strong domestic sales of the relatively high-margin systems segment and efforts to reduce selling, general and administrative expenses resulted in operating profit rising 36.0% year on year to ¥287 million.」

    Against a backdrop of selling, general and administrative expense reductions and high-margin systems sales, operating profit rose 36.0% year on year despite lower sales.
  10. FY2019-Q1The benefits of cost reductions failed to offset the decline in sales.Annual report

    「In terms of earnings, despite efforts to improve the gross profit margin and reduce costs, the impact of lower sales could not be fully covered. Operating profit decreased by ¥33 million from the same period of the previous year, resulting in a loss of ¥50 million.」

    Although gross margin improvements and cost reductions continued, they were insufficient to absorb the impact of lower sales, and an operating loss was recorded.
  11. FY2018AdvancedAnnual report

    「Operating profit rose 32.6% year on year to ¥663 million, mainly because selling, general and administrative expenses decreased by ¥183 million.」

    Selling, general and administrative expenses were reduced by ¥183 million, and operating profit rose 32.6% year on year. The earnings improvement from low-cost operations is reflected in the full-year results.
  12. FY2018-Q3AdvancedAnnual report

    「In terms of earnings, operating profit rose 67.6% year on year to ¥370 million, mainly because selling, general and administrative expenses decreased by ¥153 million.」

    Selling, general and administrative expenses decreased by ¥153 million, and operating profit rose 67.6% year on year. Earnings improvement through cost reductions is progressing.
  13. FY2018-Q2AdvancedAnnual report

    「In terms of earnings, operating profit rose 66.7% year on year to ¥211 million, mainly because selling, general and administrative expenses decreased by ¥92 million.」

    Operating profit rose 66.7% year on year as selling, general and administrative expenses declined by ¥92 million, indicating progress in earnings improvement through cost reductions.
  14. FY2017-Q3AdvancedAnnual report

    「Regarding profit and loss, operating profit increased 43.2% year on year to ¥221 million, mainly because the company worked to improve its gross profit margin and reduce costs.」

    Improved gross margin and cost reductions were reflected in a measurable 43.2% year-on-year increase in operating profit.
  15. FY2017-Q1RestatedAnnual report

    「Although the company worked to improve its gross profit margin and reduce costs, these efforts were insufficient to offset the decline in revenue」

    The company continued to improve its gross margin and reduce costs, but stated that these measures were insufficient to offset the decline in revenue during the quarter.
  16. FY2016First statedAnnual report

    「Lowering the break-even point by increasing gross profit and reducing selling, general and administrative expenses」

    The company continues to reduce procurement costs for products, cut selling, general and administrative expenses, accelerate business processing and reduce inventories.
Moved together

"Creating new businesses and new markets" moved the same way as this thread, in the same document, in 6 of its 16 moves.

664422★123456
  1. ★This thread
  2. 1Creating new businesses and new markets6×
  3. 2Expanding the ASEAN fire protection systems business6×
  4. 3Increasing profitability in existing businesses4×
  5. 4Share repurchases to improve capital efficiency4×
  6. 5Foreign-currency purchases and foreign-exchange exposure2×
  7. 6Issuance of stock options to directors, audit and supervisory board members, and employees2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Takachiho Koheki's next results are scheduled for 2026-11-05. Read the earnings preview
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Low-cost operations and lowering the break-even point | TAKACHIHO KOHEKI CO.,LTD. (2676) | Komori