Dependence on Food-Related Revenue and No Improvement in Textile-Related Revenue
First written in FY2019. 7 of 9 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「Regarding the target of consolidated ordinary profit of at least ¥5.5 billion on a cumulative basis over the 3 years covered by the medium-term management plan "Shinyei Challenge Project 2026," through the fiscal year ending March 2027, the Group will continue without changing this target. Having positioned the fiscal year ending March 2027, the final year of the plan, as a year in which we aim to come as close as possible to the target, we will continue to secure stable earnings by building a competitive business portfolio.」
Food-related operations led the company, generating sales of ¥34,870 million and segment profit of ¥2,148 million, while business development operations remained loss-making. The challenge of building a competitive business portfolio, including reducing dependence on food-related operations, therefore remains. - FY2024RestatedAnnual report
「In food-related operations, we will pursue further business expansion based on a robust supply chain and drive the Shinyei Group forward as a growth driver.」
Given our dependence on food-related operations for revenue, we reaffirmed the policy of expanding food operations as a growth driver while establishing earnings bases in the materials, electronics and business development operations, with the aim of building a competitive business portfolio. - FY2023RestatedAnnual report
「Given the current dependence of our earnings structure on food-related operations, we aim to build a balanced business portfolio in which all segments expand their earnings, by strongly promoting further business expansion in food-related operations while having the materials, textile and electronics operations each establish and stabilize their earnings bases at an early stage.」
The Group continues to recognize its dependence on food-related operations for revenue as an existing challenge and aims to build a balanced business portfolio by establishing earnings bases in other segments. - FY2021RestatedAnnual report
「Although revenue from food-related operations, which were heavily affected by the spread of COVID-19, declined, the Group remains dependent on food-related operations for its revenue, and this remains a challenge. Accordingly, under the new medium-term management plan, "Shinyei Challenge Project 2023," covering the fiscal year ending March 2022 onward, we are pursuing initiatives aimed at creating a balanced business portfolio in which all segments expand their earnings.」
The Group continues to view its dependence on food-related operations for revenue as a company-wide challenge and aims under its new medium-term management plan to expand earnings across all segments and build a balanced business portfolio. - FY2021-Q2RestatedAnnual report
「Sales declined because the food-related business was affected by the COVID-19 pandemic and the textile-related business had withdrawn from underperforming businesses in the previous consolidated fiscal year, among other factors. Total sales were ¥18,416 million, down 10.0% year on year.」
As revenue dependence on food-related operations continues, declining revenue in the food business has weighed on company-wide sales. By contrast, the textile business is securing profits through fixed-cost reductions following the withdrawal from underperforming businesses. - FY2021-Q1Sales declined amid dependence on food, while textiles returned to profitabilityAnnual report
「The Group’s sales for the period declined because the food-related business was affected by the COVID-19 pandemic and the textile-related business had withdrawn from underperforming businesses in the previous consolidated fiscal year, among other factors. Total sales were ¥8,780 million, down 14.8% year on year.」
The food-related business was affected by the COVID-19 pandemic, causing company-wide sales to decline amid dependence on food. Meanwhile, the textile-related business improved from a loss in the same period of the previous year to a ¥10 million profit, due to its withdrawal from underperforming businesses and fixed-cost reductions. - FY2020RestatedAnnual report
「However, dependence on food-related earnings remains a challenge for the Group. To build the foundation for an early transformation into a company capable of consistently generating consolidated ordinary profit of at least ¥1 billion annually, regardless of the surrounding environment, the Group will pursue the following initiatives.」
The Group continued to recognize its dependence on food-related earnings as a company-wide challenge and indicated a policy of strengthening its earnings base in the Electronics-related, Materials-related and Textile-related businesses in parallel. - FY2020-Q3RestatedAnnual report
「During the first 9 months of the current consolidated fiscal year, there were no material changes to, or newly arising, business or financial challenges requiring action by the Group.」
The Company stated that there were no significant changes or new challenges among the issues requiring attention, including dependence on food-related earnings and the lack of improvement in textile-related earnings. - FY2019First statedAnnual report
「The Group’s challenges include its dependence on food-related earnings and the continued lack of improvement in earnings from its textile-related businesses.」
The Group explicitly identified its dependence on food-related earnings and the lack of improvement in textile-related earnings as company-wide challenges.