Failure to meet the profit plan due to lower profit margins
First written in FY2016. 17 of 40 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-10.
Shinden Hightex moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 13 of 60 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-08-10MitigatedType of presentation
「利益面では、市況改善による追い風に加え、新規ビジネスの立ち上がりや顧客需要の取り込みが進んだことから売上総利益が拡大し、各利益段階で増益となりました。」
前年同期比で営業利益、経常利益、親会社株主に帰属する四半期純利益が増加し、利益水準の低下が第1四半期には改善した。 - FY2026WorsenedAnnual report
「The Company revised its earnings forecast during the period based on progress in the first half and changes in market conditions. However, at the fiscal year-end, foreign exchange losses exceeded expectations due to increased demand for dollar-denominated funds to finance purchases amid soaring memory prices and an increase in dollar-denominated interest-bearing debt to secure funds for future business expansion. As a result, all profit indicators from ordinary profit downward fell below the previously announced forecast.」
Net sales, operating profit, ordinary profit and net profit for the year all fell below the previous year’s levels. Against the initial targets, ordinary profit was ¥523 million versus ¥1,200 million, and ROE was 4.7% versus 10.0%. - FY2026-H1WorsenedAnnual report
「As a result, net sales were ¥1,989.2 million, down 7.8% year on year; operating profit was ¥42.5 million, down 39.3%; ordinary profit was ¥25.4 million, down 39.8%; and interim net profit attributable to owners of the parent was ¥17.2 million, down 40.8%.」
Net sales, operating profit, ordinary profit and interim net profit attributable to owners of the parent all fell below the previous year’s levels, confirming the decline in earnings. - FY2025Sales forecast exceeded alongside shortfall against profit forecastsAnnual report
「Net sales increased 0.8%, or ¥34.5 million, from the initial forecast. Operating profit decreased 17.6%, or ¥29.9 million, and ordinary profit decreased 25.6%, or ¥32.0 million.」
While net sales exceeded the initial forecast, operating profit, ordinary profit and net profit attributable to owners of the parent fell below it. The shortfall against the profit plan has continued from the previous fiscal year in a different form. - FY2025-H1MitigatedAnnual report
「As a result, net sales were ¥2,156.3 million, up 7.0% year on year; operating profit was ¥69.9 million, up 238.1%; ordinary profit was ¥42.1 million, compared with an ordinary loss of ¥17.8 million in the previous year; and interim net profit attributable to owners of the parent was ¥29.1 million, compared with an interim net loss attributable to owners of the parent of ¥13.4 million.」
Earnings turned positive from ordinary loss and interim net loss in the previous year, while operating profit rose 238.1% year on year. Performance improved from the decline in earnings and shortfall against plan in the previous fiscal year. - FY2024WorsenedAnnual report
「Net sales decreased 6.0%, or ¥271.4 million, from the initial plan. Operating profit decreased 37.6%, or ¥71.5 million, and ordinary profit decreased 64.3%, or ¥90.0 million.」
For the fiscal year ending March 2024, net sales, operating profit, ordinary profit, profit attributable to owners of the parent and EPS all fell below the initial plan, confirming the shortfall against the profit plan. - FY2024-Q3WorsenedAnnual report
「As a result, net sales were ¥3,195.5 million, down 4.8% year on year; operating profit was ¥87.7 million, down 56.0%; ordinary profit was ¥46.0 million, down 60.0%; and quarterly net profit attributable to owners of the parent was ¥30.9 million, down 61.0%.」
In the cumulative nine-month period under review, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the previous year’s levels, confirming the decline in earnings. - FY2024-Q2WorsenedAnnual report
「As a result, net sales were ¥2,015.9 million, down 11.5% year on year; operating profit was ¥20.6 million, down 83.5%; ordinary loss was ¥17.8 million, compared with ordinary profit of ¥49.7 million in the same quarter of the previous year; and interim net loss attributable to owners of the parent was ¥13.4 million, compared with interim net profit attributable to owners of the parent of ¥34.1 million.」
Although operating profit was secured, it fell 83.5% year on year, while ordinary profit and profit attributable to owners of the parent turned from positive in the previous year to losses. - FY2024-Q1WorsenedAnnual report
「As a result, net sales were ¥978.5 million, down 0.9% year on year; operating loss was ¥32.5 million, compared with operating profit of ¥46.5 million in the same quarter of the previous year; ordinary loss was ¥59.6 million, compared with ordinary loss of ¥6.5 million; and quarterly net loss attributable to owners of the parent was ¥41.6 million, compared with a quarterly net loss attributable to owners of the parent of ¥4.8 million.」
Although net sales were nearly unchanged from the previous year, the Company posted an operating loss due to the provision for allowance for doubtful accounts and other factors. Ordinary loss and quarterly net loss attributable to owners of the parent also widened from the previous year. - FY2023MitigatedAnnual report
「Operating profit increased 42.8%, or ¥67.2 million, from the initial plan. Ordinary profit increased 4.2%, or ¥5.2 million.」
For the fiscal year ending March 2023, net sales were 7.0% below the initial plan, but operating profit, ordinary profit, profit attributable to owners of the parent and EPS exceeded the initial plan, indicating an improvement from the shortfall against the profit plan. - FY2023-Q3MitigatedAnnual report
「As a result, net sales were ¥3,356.4 million, up 1.1% year on year; operating profit was ¥199.7 million, up 69.9%; ordinary profit was ¥115.0 million, up 23.8%; and quarterly net profit attributable to owners of the parent was ¥79.4 million, up 21.6%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the previous year’s levels, indicating an improvement from the decline in earnings through the previous quarter. - FY2023-Q2Higher operating profit, lower ordinary and net profit, and a return to positive earnings from lossesAnnual report
「Net sales were ¥2,277.1 million, up 2.4% year on year; operating profit was ¥125.3 million, up 59.3%; ordinary profit was ¥49.7 million, down 28.9%; and quarterly net profit attributable to owners of the parent was ¥34.1 million, down 31.0%.」
While net sales and operating profit exceeded the previous year’s levels, ordinary profit and quarterly net profit attributable to owners of the parent declined due to the impact of foreign exchange losses. However, earnings turned positive from a loss in the first quarter. - FY2023-Q1Higher operating profit alongside a slide into ordinary and net lossesAnnual report
「As a result, net sales were ¥987.7 million, down 11.4% year on year; operating profit was ¥46.5 million, up 23.8%; ordinary loss was ¥6.5 million, compared with ordinary profit of ¥353 million in the same quarter of the previous year; and quarterly net loss attributable to owners of the parent was ¥4.8 million, compared with net profit attributable to owners of the parent of ¥254 million.」
Although net sales declined, operating profit increased. Meanwhile, ordinary profit and quarterly net profit attributable to owners of the parent turned from positive in the same period of the previous year to losses due to foreign exchange losses. - FY2022MitigatedAnnual report
「Net sales increased 19.4%, or ¥705.8 million, from the initial plan. Operating profit increased 72.6%, or ¥63.1 million, and ordinary profit increased 36.3%, or ¥28.2 million.」
For the fiscal year ending March 2022, net sales, operating profit, ordinary profit and net profit attributable to owners of the parent all exceeded the initial plan, improving from the previous shortfall against the profit plan. - FY2022-Q3MitigatedAnnual report
「However, efforts to address higher purchase prices for various products, including semiconductor products, growth in the system products field and the resumption of the battery business for residential electricity storage systems contributed to earnings and increased gross profit. Operating profit therefore rose 94.6% year on year to ¥117.5 million.」
While net sales declined 8.2% year on year, operating profit rose 94.6% due to efforts to address higher purchase prices, growth in system products and the resumption of the battery business for residential energy storage systems. - FY2022-Q2MitigatedAnnual report
「Net sales were ¥2,223.2 million, down 6.5% year on year. However, efforts to address higher purchase prices for various products, including semiconductor products, growth in the system products field and the resumption of the battery business for residential electricity storage systems contributed to earnings and increased gross profit. Operating profit therefore rose 107.2% to ¥78.7 million, ordinary profit rose 70.9% to ¥69.9 million, and quarterly net profit attributable to owners of the parent rose 76.8% to ¥49.4 million.」
While net sales declined, earnings improved due to efforts to address higher purchase prices, growth in system products and the resumption of the battery business for residential energy storage systems. Operating profit rose 107.2% year on year. - FY2022-Q1MitigatedAnnual report
「During the first quarter, the Company focused on meeting strong demand in the semiconductor products and display fields, compared with the same quarter of the previous year, which was affected by a marked slowdown in corporate activity. As a result, net sales were ¥1,114.8 million, up 18.2% year on year. In addition, gross profit increased as efforts to address higher purchase prices for various products, including semiconductor products, and increased sales of high-value-added products in the system products field contributed to earnings. Operating profit was ¥37.5 million, up 126.2%.」
Net sales and operating profit exceeded the previous year’s levels, while efforts to address higher purchase prices and increased sales of high-value-added products contributed to improved earnings. - FY2021MitigatedAnnual report
「Net sales were ¥1,088.4 million, or 28.5%, above the initial plan. Operating profit was ¥8.9 million, or 12.3%, above the initial plan, and ordinary profit was ¥23.2 million, or 49.6%, above the initial plan.」
All of net sales, operating profit, ordinary profit and net profit attributable to owners of the parent exceeded the initial plan for the fiscal year ending March 2021. - FY2021-Q3MitigatedAnnual report
「As a result, net sales were ¥3,618.7 million, up 9.1% year on year. Operating profit was ¥60.3 million, up 53.8%, due in part to higher gross profit and lower selling, general and administrative expenses. Ordinary profit was ¥61.9 million, up 233.4%, as interest expense declined due to lower dollar interest rates and foreign exchange gains increased substantially from the previous year. Quarterly net profit attributable to owners of the parent was ¥42.2 million, up 254.8%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the previous year’s levels, indicating an improvement from the shortfall against the profit plan and the decline in earnings. - FY2021-Q2MitigatedAnnual report
「As a result, net sales were ¥2,376.7 million, up 5.6% year on year. Operating profit was ¥37.9 million, up 32.8%, due in part to higher gross profit and lower selling, general and administrative expenses. Ordinary profit was ¥40.9 million, up 78.9%, due to lower interest expense resulting from lower dollar interest rates and higher foreign exchange gains. Quarterly net profit attributable to owners of the parent was ¥27.9 million, up 82.3%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all increased year on year, improving from the decline in earnings through the previous quarter. - FY2021-Q1WorsenedAnnual report
「As a result, sales of foreign-matter detection equipment remained at approximately the previous year’s level, but a marked decline in memory products for automotive and office equipment applications and in liquid-crystal modules brought net sales to ¥943.0 million, down 19.2% year on year. Despite efforts to reduce selling, general and administrative expenses, operating profit fell 21.1% to ¥16.6 million due to lower gross profit. Interest expense, included in non-operating expenses, declined as dollar interest rates fell, but foreign exchange gains decreased from the same quarter of the previous year, bringing ordinary profit to ¥17.6 million, down 23.4%.」
Net sales, operating profit and ordinary profit all fell below the previous year’s levels, declining 19.2%, 21.1% and 23.4%, respectively. - FY2020Sales plan achieved alongside shortfall against profit planAnnual report
「Net sales were ¥277.7 million, or 6.7%, above plan. Operating profit was ¥20.3 million, or 29.1%, below plan, and ordinary profit was ¥15.8 million, or 35.2%, below plan.」
Net sales exceeded plan due to new semiconductor and battery businesses, while the profit plan was missed due to inventory disposal, contraction of the core high-margin business and higher development costs. - FY2020-Q3WorsenedAnnual report
「As a result, compared with the buoyant same quarter of the previous year, net sales were ¥3,317.6 million, down 5.3% year on year. Operating profit was ¥39.2 million, down 21.3%, due to a decline in gross profit.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the previous year’s levels, and earnings continued to decline. - FY2020-Q2Higher operating profit alongside increases in ordinary and net profitAnnual report
「Net sales were ¥2,251.4 million, down 2.1% year on year, and operating profit was ¥28.6 million, down 5.3%. Ordinary profit was ¥22.9 million, up 364.0%, and quarterly net profit attributable to owners of the parent was ¥15.3 million, up 355.7%.」
While net sales and operating profit fell below the previous year’s levels, ordinary profit and quarterly net profit attributable to owners of the parent increased substantially due to foreign exchange gains recognized for accounting purposes. - FY2020-Q1MitigatedAnnual report
「As a result, cumulative consolidated results for the first quarter were net sales of ¥1,167.8 million, up 5.0% year on year; operating profit of ¥21.0 million, up 391.4%; ordinary profit of ¥23.1 million, compared with an ordinary loss of ¥8.3 million in the same quarter of the previous year; and quarterly net profit attributable to owners of the parent of ¥15.8 million, compared with a quarterly net loss attributable to owners of the parent of ¥5.8 million.」
Earnings turned positive from ordinary loss and quarterly net loss attributable to owners of the parent in the same quarter of the previous year, while operating profit rose 391.4% year on year, resulting in an improvement in earnings. - FY2019WorsenedAnnual report
「Net sales were ¥489.7 million, or 9.6%, below plan; operating profit was ¥17.3 million, or 21.7%, below plan; and ordinary profit was ¥16.0 million, or 34.8%, below plan.」
For the fiscal year ending March 2019, net sales, operating profit, ordinary profit, net profit attributable to owners of the parent and EPS all fell short of plan. Full-year operating profit was ¥62.6 million, down 48.1% year on year. - FY2019-Q3WorsenedAnnual report
「For the first nine months of the fiscal year, cumulative consolidated results were net sales of ¥3,503.0 million, down 13.8% year on year; operating profit of ¥49.8 million, down 56.8%; ordinary profit of ¥24.0 million, down 74.5%; and quarterly net profit attributable to owners of the parent of ¥16.3 million, down 74.5%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the previous year’s levels, and earnings continued to decline from the previous quarter. - FY2019-Q2WorsenedAnnual report
「For the first six months of the fiscal year, cumulative consolidated results were net sales of ¥2,300.5 million, down 13.2% year on year; operating profit of ¥30.2 million, down 64.0%; ordinary profit of ¥4.9 million, down 93.3%; and quarterly net profit attributable to owners of the parent of ¥3.3 million, down 93.3%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all declined year on year, resulting in a substantial deterioration in earnings. - FY2019-Q1WorsenedAnnual report
「For the first quarter of the fiscal year, cumulative consolidated results were net sales of ¥1,112.6 million, down 3.0% year on year; operating profit of ¥4.2 million, down 86.2%; ordinary loss of ¥8.3 million, compared with ordinary profit of ¥28.9 million in the same quarter of the previous year; and quarterly net loss attributable to owners of the parent of ¥5.8 million, compared with quarterly net profit attributable to owners of the parent of ¥18.7 million.」
Ordinary profit and quarterly net profit attributable to owners of the parent turned from positive in the same quarter of the previous year to losses. Net sales and operating profit also fell below the previous year’s levels. - FY2018-Q3MitigatedAnnual report
「For the first nine months of the fiscal year, cumulative consolidated results were net sales of ¥4,065.2 million, up 25.4% year on year; operating profit of ¥115.3 million, up 315.5%; ordinary profit of ¥94.3 million, compared with an ordinary loss of ¥14.4 million in the same period of the previous year; and quarterly net profit attributable to owners of the parent of ¥64.1 million, compared with a quarterly net loss attributable to owners of the parent of ¥7.8 million.」
Ordinary profit and quarterly net profit attributable to owners of the parent turned positive in the cumulative period under review from ordinary loss and quarterly net loss in the same period of the previous year, and earnings continued to improve. - FY2018-Q2MitigatedAnnual report
「For the first six months of the fiscal year, cumulative consolidated results were net sales of ¥2,649.1 million, up 25.0% year on year; operating profit of ¥83.9 million, compared with an operating loss of ¥17.0 million in the same period of the previous year; ordinary profit of ¥73.6 million, compared with an ordinary loss of ¥41.2 million; and quarterly net profit attributable to owners of the parent of ¥50.2 million, compared with a quarterly net loss attributable to owners of the parent of ¥27.2 million.」
Operating profit, ordinary profit and profit attributable to owners of the parent all turned positive in the cumulative period under review from losses in the same period of the previous year, and the improvement in performance continued. - FY2018-Q1MitigatedAnnual report
「For the first quarter of the fiscal year, cumulative consolidated results were net sales of ¥1,146.7 million, up 10.2% year on year; operating profit of ¥30.9 million, up 633.7%; ordinary profit of ¥28.9 million, compared with an ordinary loss of ¥9.8 million in the same quarter of the previous year; and net profit attributable to owners of the parent of ¥18.7 million, compared with a net loss attributable to owners of the parent of ¥4.9 million.」
Ordinary profit and quarterly net profit turned positive this quarter from ordinary loss and quarterly net loss attributable to owners of the parent in the same quarter of the previous year, indicating an improvement in performance. - FY2017MitigatedAnnual report
「For the consolidated fiscal year, revenue was ¥44,440 million, down 10.0% year on year, operating profit was ¥838 million, up 128.9%, ordinary profit was ¥502 million, up 199.0%, and net income attributable to owners of the parent was ¥362 million, up 402.5%.」
Although a loss was recorded on a cumulative quarterly basis, operating profit, ordinary profit and profit attributable to owners of the parent were all positive for the full year, and earnings recovered from the previous fiscal year. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, revenue was ¥32,413 million, down 15.6% year on year, operating profit was ¥277 million, down 38.5%, ordinary loss was ¥144 million, compared with ordinary profit of ¥278 million in the same period of the previous year, and net loss attributable to owners of the parent was ¥78 million, compared with net income attributable to owners of the parent of ¥158 million.」
Although operating profit was secured, it declined year on year, while ordinary loss and net loss attributable to owners of the parent continued. No new change was indicated in the failure to meet the profit plan or the lower profit level. - FY2017-Q2WorsenedAnnual report
「During the cumulative second quarter, revenue was ¥21,186 million, down 18.6% year on year, operating loss was ¥170 million, compared with operating profit of ¥315 million in the same period of the previous year, ordinary loss was ¥412 million, compared with ordinary profit of ¥197 million, and net loss attributable to owners of the parent was ¥272 million, compared with net income attributable to owners of the parent of ¥117 million.」
Revenue declined 18.6%, while operating profit, ordinary profit and profit attributable to owners of the parent all shifted from profit in the same period of the previous year to loss. Following the previous quarterly report, deterioration in performance was confirmed numerically. - FY2017-Q1WorsenedAnnual report
「During the cumulative first quarter, revenue was ¥10,408 million, down 16.2% year on year, operating profit was ¥42 million, down 64.8%, ordinary loss was ¥98 million, compared with ordinary profit of ¥29 million in the same quarter of the previous year, and net loss attributable to owners of the parent was ¥49 million, compared with net income attributable to owners of the parent of ¥14 million in the same quarter of the previous year.」
Revenue and operating profit declined, while ordinary profit and profit attributable to owners of the parent both shifted from profit in the same quarter of the previous year to loss. - FY2016First statedAnnual report
「However, due in part to lower profit margins, the result fell substantially short of the initial profit plan.」
Although revenue increased, operating profit, ordinary profit and net income attributable to owners of the parent all declined year on year.