Actual deterioration in profit margins and ordinary income
First written in FY2023. 6 of 12 entries say "Worsened", first in FY2024-Q1. Latest entry: FY2026.
Tecnisco moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 25 of 89 companies on the "Worse" side.
45 other companies' latest entry also says "Other".
- FY2026Full-year results turned profitableAnnual report
「Previous consolidated fiscal year Current consolidated fiscal year Gross profit margin 3.9% 40.5% Ordinary income or ordinary loss (△) △¥1,629,152 thousand ¥17,990 thousand」
The gross profit margin recovered significantly, and ordinary income/loss turned profitable for the full year. Net income attributable to owners of the parent was also ¥5,545 thousand, although an operating loss continued. - FY2026-H1Improvement in interim resultsAnnual report
「As a result, for the interim consolidated accounting period, net sales were ¥1,854.115 million, up 10.7% year on year; operating loss was ¥126.409 million, compared with an operating loss of ¥373.750 million in the same period of the previous year; ordinary loss was ¥98.570 million, compared with an ordinary loss of ¥421.333 million; and interim net loss attributable to owners of the parent was ¥102.689 million, compared with an interim net loss attributable to owners of the parent of ¥402.952 million.」
Net sales increased 10.7% year on year, while operating loss, ordinary loss and interim net loss attributable to owners of the parent all narrowed from the same period of the previous year. The company remained in the red. - FY2025WorsenedAnnual report
「Gross profit was ¥130.453 million, down 88.9% year on year, while the gross profit margin declined by 21.2 percentage points to 3.9%.」
Declining sales in the Chinese market, demand fluctuations for high-margin products sold to Europe and North America, and the disposal of heat sink-related inventory in the Chinese market caused the gross profit margin to decline from 25.1% to 3.9%, while operating loss and ordinary loss also increased. - FY2025-H1WorsenedAnnual report
「As a result, for the interim consolidated accounting period, net sales were ¥1,674.491 million, down 29.7% year on year; operating loss was ¥373.750 million, compared with an operating loss of ¥96.391 million in the same period of the previous year; ordinary loss was ¥421.333 million, compared with an ordinary loss of ¥92.518 million; and interim net loss attributable to owners of the parent was ¥402.952 million, compared with an interim net loss attributable to owners of the parent of ¥97.305 million.」
Net sales declined 29.7% year on year, while operating loss, ordinary loss and interim net loss attributable to owners of the parent all increased. - FY2024WorsenedAnnual report
「Previous consolidated fiscal year Current consolidated fiscal year Gross profit margin 36.5% 25.1% Ordinary income ¥329.351 million △¥318.634 million」
The gross profit margin declined, and ordinary income shifted from a profit to an ordinary loss. The decline in net sales, lower selling prices, demand fluctuations for high-margin products and impairment losses, among other factors, materialized in the current-period results. - FY2024-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales were ¥3,491.725 million, down 10.5% year on year; operating loss was ¥297.070 million, compared with operating income of ¥259.919 million in the same period of the previous year; ordinary loss was ¥208.775 million, compared with ordinary income of ¥252.587 million; and net loss attributable to owners of the parent was ¥180.268 million, compared with net income attributable to owners of the parent of ¥188.171 million.」
For the cumulative third quarter, net sales declined 10.5% year on year, and the Company recorded an operating loss of ¥297.070 million, ordinary loss of ¥208.775 million and net loss attributable to owners of the parent of ¥180.268 million. The results shifted from profit to loss across all measures compared with the same period of the previous year, and the deterioration in profitability continued and expanded. - FY2024-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales were ¥2,382.742 million, operating loss was ¥96.391 million, ordinary loss was ¥92.518 million, and interim net loss attributable to owners of the parent was ¥97.305 million.」
For the cumulative second quarter, the Company recorded an operating loss, ordinary loss and interim net loss attributable to owners of the parent, with the deterioration in profitability materializing as losses. - FY2024-Q1WorsenedAnnual report
「Although the higher operating rate at the Hiroshima plant and ongoing cost reduction efforts had an effect, they did not fully offset the decline in selling prices, and the profit margin declined slightly year on year.」
While cost reductions and the higher plant operating rate had a positive effect, they did not offset the decline in selling prices, and the decline in the profit margin continued. - FY2023First statedAnnual report
「54th consolidated fiscal year 55th consolidated fiscal year Gross profit margin 40.3% 36.5% Ordinary income ¥887.583 million ¥329.351 million」
For the key metrics, the figures show that the gross profit margin and ordinary income declined from the previous period.