Comparison-Driven Decline in Large Projects in the Food Manufacturing Equipment-Related Business
First written in FY2017-Q2. 7 of 24 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024.
Warabeya Nichiyo Holdings moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Due to large projects in the food manufacturing equipment-related business, revenue was ¥2,143 million (up ¥1,635 million, or 322.2%, from the previous fiscal year), and operating profit was ¥173 million (compared with an operating loss of ¥76 million in the previous fiscal year).」
The food manufacturing equipment-related business, which had deteriorated due to the decline following the completion of large projects and lower transaction volume, recorded a 322.2% increase in full-year revenue due to large projects and turned from an operating loss to operating profit. - FY2023WorsenedAnnual report
「As transaction volume declined, revenue was ¥507 million (down ¥2,625 million, or 83.8%, from the previous fiscal year), while the business recorded an operating loss of ¥76 million (compared with operating profit of ¥85 million in the previous fiscal year).」
Revenue in the food manufacturing equipment-related business fell 83.8% due to lower transaction volume, and the business moved from operating profit to an operating loss. - FY2023-Q3WorsenedAnnual report
「As transaction volume declined, revenue was ¥331 million (down ¥1,517 million, or 82.1%, year on year), while the business recorded an operating loss of ¥66 million (compared with an operating loss of ¥13 million in the same period of the previous year).」
Transaction volume continued to decline in the food manufacturing equipment-related business, with the year-on-year decline in revenue widening to 82.1% and the operating loss widening from ¥13 million in the same period of the previous year to ¥66 million. - FY2023-Q2WorsenedAnnual report
「As transaction volume declined, revenue was ¥201 million (down ¥386 million, or 65.8%, year on year), while the business recorded an operating loss of ¥50 million (compared with an operating loss of ¥42 million in the same period of the previous year).」
Transaction volume continued to decline in the food manufacturing equipment-related business. Revenue fell 65.8% year on year, and the operating loss widened from ¥42 million in the same period of the previous year to ¥50 million. - FY2023-Q1WorsenedAnnual report
「As transaction volume declined, revenue was ¥152 million (down ¥185 million, or 54.9%, year on year), while the business recorded an operating loss of ¥20 million (compared with an operating loss of ¥26 million in the same period of the previous year).」
In the food manufacturing equipment-related business, revenue turned from a recovery driven by an increase in large projects in the previous fiscal year to a 54.9% year-on-year decline due to lower transaction volume. The operating loss narrowed from the same period of the previous year, but the business remained loss-making. - FY2022MitigatedAnnual report
「Due to an increase in large projects, revenue was ¥3,132 million (up ¥1,659 million, or 112.7%, from the previous fiscal year), and operating profit was ¥85 million (compared with an operating loss of ¥12 million in the previous fiscal year).」
In the food manufacturing equipment-related business, large projects increased, with revenue up 112.7% and operating income turning profitable from an operating loss in the previous year. The decline following the completion of large projects described previously was mitigated in terms of full-year results. - FY2022-Q3ReframedAnnual report
「Revenue was ¥1.849 billion, up ¥740 million, or 66.7%, year on year. Although higher revenue contributed positively, the business posted an operating loss of ¥13 million, compared with operating profit of ¥7 million in the same period of the previous year, due to the loss of a high-margin project recorded in the previous fiscal year.」
Although revenue in the food manufacturing equipment-related business increased 66.7% year on year, the business moved into an operating loss as high-margin projects rolled off. The wording has shifted from the previous explanation of a decline following the completion of large projects to worsening profitability due to the roll-off of high-margin projects. - FY2022-Q2WorsenedAnnual report
「Revenue was ¥588 million, down ¥64 million, or 9.9%, year on year. In terms of profit, the business posted an operating loss of ¥42 million, compared with an operating loss of ¥17 million in the same period of the previous year, due to the impact of lower revenue.」
The food manufacturing equipment-related business continued to experience declining revenue, with revenue down 9.9% and the operating loss widening from ¥17 million in the same period of the previous year to ¥42 million. - FY2022-Q1ReframedAnnual report
「Revenue was ¥337 million, up ¥15 million, or 4.9%, year on year. In terms of profit, the business posted an operating loss of ¥26 million, compared with an operating loss of ¥18 million in the same period of the previous year, due to lower sales to group companies.」
In the food manufacturing equipment-related business, the explanation has changed from the decline following previous large projects to an operating loss caused by lower sales to group companies. Revenue increased, but the operating loss continued. - FY2021RestatedAnnual report
「Due to the loss of a large project for external customers that had been recorded in the previous fiscal year and other factors, revenue was ¥1.473 billion, down ¥437 million, or 22.9%, from the previous fiscal year.」
The loss of the large project for external customers from the previous fiscal year continues to be cited as a factor behind the full-year decline in revenue. - FY2021-Q3RestatedAnnual report
「Due to the loss of a large project for external customers that had been recorded in the same period of the previous year and other factors, revenue was ¥1.109 billion, down ¥251 million, or 18.5%, year on year.」
The loss of the large project for external customers continues to be cited as a factor behind lower revenue. Revenue fell 18.5% year on year, following the same pattern of large-project loss seen through the previous quarter. - FY2021-Q2WorsenedAnnual report
「Due to the loss of a large project for external customers that had been recorded in the previous fiscal year and other factors, revenue was ¥653 million, down ¥519 million, or 44.3%, year on year.」
In the food manufacturing equipment-related business, the loss of the large project for external customers from the previous fiscal year continued, with revenue down 44.3% year on year. The revenue decline caused by the decline and loss of large projects has been quantified further. - FY2021-Q1WorsenedAnnual report
「Due to the loss of a large project for external customers that had been recorded in the previous fiscal year and other factors, revenue was ¥321 million, down ¥368 million, or 53.4%, year on year. The business posted an operating loss of ¥18 million, compared with an operating loss of ¥5 million in the same period of the previous year.」
The decline and loss of large projects again emerged as factors behind lower revenue in the food manufacturing equipment-related business, with revenue down 53.4% and the operating loss widening from the same period of the previous year. - FY2020MaterialisedAnnual report
「Revenue was ¥1.910 billion, down ¥479 million, or 20.1%, from the previous fiscal year. In terms of profit, the business posted an operating loss of ¥149 million, compared with operating profit of ¥392 million in the previous fiscal year, due to the recognition of an allowance for doubtful accounts on certain receivables and the decline following a large order for group companies in the previous fiscal year.」
The decline following the large order for group companies in the previous fiscal year also affected the full year, with the food manufacturing equipment-related business recording a 20.1% decrease in revenue and an operating loss of ¥149 million. - FY2020-Q3RestatedAnnual report
「Revenue was ¥1.360 billion, down ¥433 million, or 24.2%, year on year. In terms of profit, the business posted an operating loss of ¥214 million, compared with operating profit of ¥384 million in the same period of the previous year, due to the recognition of an allowance for doubtful accounts on certain receivables and the decline following a large order for group companies in the previous fiscal year.」
The decline following the large order for group companies in the previous fiscal year continued and is cited, together with the recognition of an allowance for doubtful accounts on certain receivables, as a cause of the operating loss. - FY2020-Q2MaterialisedAnnual report
「In terms of profit, the business posted an operating loss of ¥189 million, compared with operating profit of ¥345 million in the same period of the previous year, due to the recognition of an allowance for doubtful accounts on certain receivables and the decline following a large order for group companies in the previous fiscal year.」
The decline following the large order for group companies in the previous fiscal year also occurred in the cumulative second quarter of the 56th fiscal year, and, together with the recognition of an allowance for doubtful accounts on certain receivables, led to a swing to an operating loss. - FY2020-Q1MaterialisedAnnual report
「Revenue was ¥690 million, up ¥77 million, or 12.6%, year on year. In terms of profit, the business posted an operating loss of ¥5 million, compared with operating profit of ¥121 million in the same period of the previous year, due to the decline following a large order for group companies in the previous fiscal year.」
The decline following the large order for group companies in the previous fiscal year materialized in the first quarter of the 56th fiscal year, and the business swung to an operating loss despite increased revenue. - FY2019MitigatedAnnual report
「Due to increased sales of rice-cooking equipment and other products, revenue was ¥2.390 billion, up ¥691 million, or 40.7%, from the previous fiscal year, and operating profit was ¥392 million, up ¥106 million, or 37.0%.」
The business that had reported the decline following a large order in the same period of the previous year recorded a 40.7% increase in revenue and a 37.0% increase in operating profit for the full year due to increased sales of rice-cooking equipment and other products, easing the impact of the decline following the large order on results. - FY2019-Q3AdvancedAnnual report
「Revenue was ¥1.794 billion, up ¥558 million, or 45.2%, year on year. Operating profit was ¥384 million, up ¥159 million, or 70.9%, year on year, due to an increase in large projects.」
After a period in which the decline following a large order in the same period of the previous year was reported, the cumulative third quarter saw an increase in large projects, with revenue up 45.2% and operating profit up 70.9%. - FY2019-Q1Reversal in business conditionsAnnual report
「Due to strong performance in the food manufacturing equipment-related business, revenue was ¥1.920 billion, up ¥347 million, or 22.1%, year on year, and operating profit was ¥200 million, up ¥115 million, or 135.2%.」
In the food manufacturing equipment-related business, the disclosure has changed from directly stating the decline following a large order in the same period of the previous year to indicating strong performance, with revenue up 22.1% and operating profit up 135.2%. - FY2018RestatedAnnual report
「Despite the decline following a large order in the previous fiscal year in the food manufacturing equipment-related business, revenue was ¥6.788 billion, down ¥207 million, or 3.0%, from the previous fiscal year, due to strong performance in the temporary staffing business.」
The decline following the large order in the previous fiscal year in the food manufacturing equipment-related business is also cited for the full year. - FY2018-Q1ReframedAnnual report
「Operating profit was ¥85 million, down ¥50 million, or 37.1%, year on year, due in part to a decrease in high-margin projects in the food manufacturing equipment-related business.」
The stated cause of the decline in profit in the food manufacturing equipment-related business has changed from the decline following a large order in the same period of the previous year to a decrease in high-margin projects. - FY2017-Q3RestatedAnnual report
「Due to the decline following a large order in the same period of the previous year in the food manufacturing equipment-related business, revenue was ¥4.506 billion, down ¥1.407 billion, or 23.8%, year on year, and operating profit was ¥355 million, down ¥191 million, or 35.0%.」
The decline following the large order in the same period of the previous year also occurred in the cumulative third quarter, weighing on revenue and operating profit in the Other businesses. - FY2017-Q2First statedAnnual report
「Due to the decline following a large order recorded in the same period of the previous year in the food manufacturing equipment-related business, revenue was ¥3.029 billion, down ¥1.412 billion, or 31.8%, year on year, and operating profit was ¥263 million, down ¥287 million, or 52.1%.」
The disclosure states that the decline following the large order recorded in the same period of the previous year materialized in the current period, resulting in substantial decreases in revenue and operating profit.