Operating, Ordinary and Net Losses Despite Maintaining Net Sales
First written in FY2016-Q3. 19 of 39 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-10-14.
The whole theme swung hardest in 2020: 25 of 89 companies on the "Worse" side.
6 other companies' latest entry also says "First stated".
- FY2026-H1AdvancedAnnual report
「As a result, revenue for the interim consolidated accounting period was ¥4,559.2 million, up 5.9% year on year; operating profit was ¥2,515 million, compared with an operating loss of ¥164 million in the same period of the previous year; ordinary profit was ¥2,582 million, compared with an ordinary loss of ¥227 million; and interim net income attributable to owners of the parent was ¥1,682 million, compared with an interim net loss attributable to owners of the parent of ¥177 million. As announced on 13 February 2026, progress was substantially ahead of the initial forecast, and ordinary profit reached a record high for an interim consolidated accounting period for the first time in 15 periods.」
Revenue increased 5.9%, and operating profit, ordinary profit and interim net income attributable to owners of the parent each shifted from a loss in the same period of the previous year to a profit. Ordinary profit reached a record high for an interim consolidated accounting period for the first time in 15 periods. - FY2025WorsenedAnnual report
「As a result, revenue for the fiscal year was ¥8,246.3 million, up 0.5% from the previous fiscal year; operating profit was ¥117 million, down 91.9%; ordinary loss was ¥220 million, compared with ordinary profit of ¥1,037 million in the previous fiscal year; and net loss attributable to owners of the parent was ¥203 million, compared with net income attributable to owners of the parent of ¥532 million in the previous fiscal year.」
While revenue increased slightly, operating profit declined 91.9%, and ordinary and net income attributable to owners of the parent each shifted from a profit to a loss. - FY2025-H1WorsenedAnnual report
「The Group’s results for the interim consolidated accounting period benefited from recovering domestic demand for raw materials supplied to major smelting companies and for water supply facilities and copper products. Sales volumes of both ingots and recycled materials increased, resulting in a 6.3% year-on-year increase in total sales volume and revenue of ¥4,306.4 million, up 21.6% year on year. However, in addition to lower margins, temporary costs of ¥156 million were incurred for due diligence, legal fees and other expenses related to the acquisition of California Metal-X, while a ¥107 million loss was incurred on trade receivables related to the substrate business pursued as a new business. As a result, operating loss was ¥164 million, compared with operating profit of ¥433 million in the same period of the previous year.」
While sales volume and revenue increased, lower margins, one-time costs and losses on trade receivables in the substrate business resulted in a shift to an operating loss, and ordinary and interim net losses were also recorded. - FY2024AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥8,207.0 million, down 2.9% from the previous fiscal year; operating profit was ¥1,450 million, up 172.1%; ordinary profit was ¥1,037 million, up 355.9%; and net income attributable to owners of the parent was ¥532 million, up 212.7%.」
Although revenue declined over the full year, operating profit, ordinary profit and net income attributable to owners of the parent all increased significantly, confirming full-year earnings improvement. - FY2024-Q3Revenue declined, but profit improved sharplyAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥5,775.9 million, down 6.1% year on year; operating profit was ¥1,499 million, up 588.3%; ordinary profit was ¥1,235 million, up 2,219.9%; and net income attributable to owners of the parent was ¥603 million, up 1,024.1%.」
While revenue declined 6.1% year on year, operating profit, ordinary profit and net income attributable to owners of the parent all increased significantly, representing earnings improvement without higher revenue. - FY2024-Q2AdvancedAnnual report
「The Group’s results for the cumulative second-quarter period were affected by lower demand in Japan for raw materials related to scheduled furnace repairs at major smelting companies and water supply facilities, as well as copper products. Sales volumes of both ingots and recycled materials declined, resulting in an 18.1% year-on-year decrease in total sales volume and revenue of ¥3,540.8 million, down 14.7% year on year. On the other hand, strengthening sales to existing overseas customers increased the sales mix of higher-margin products, expanding margins, and operating profit improved significantly to ¥433 million, up 277.1%. Although the foreign exchange gain or loss improved as the Group eliminated the gap between foreign-currency-denominated assets and liabilities created by stronger overseas sales and enhanced its foreign exchange hedging, the equity-method investee THAI KUROTANI CO., LTD. in Thailand, whose fiscal year ends in December, received a tax reassessment notice dated 28 March 2024 from the Thai tax authorities for ¥126,831 thousand baht in value-added tax and other items relating to prior years. As a result, the Group recorded an equity-method investment loss of ¥260 million. Ordinary profit was therefore ¥139 million, compared with an ordinary loss of ¥74 million in the same period of the previous year, and net income attributable to owners of the parent was ¥13 million, compared with a net loss attributable to owners of the parent of ¥33 million, representing only modest improvements relative to operating profit.」
While revenue and sales volume declined, operating profit increased 277.1% year on year due to the higher sales mix of higher-margin products and expanded margins, and ordinary loss and net loss attributable to owners of the parent each shifted to a profit. - FY2024-Q1AdvancedAnnual report
「The Group’s results for the cumulative first-quarter period were affected by scheduled furnace repairs at major smelting companies and lower demand for raw materials related to water supply facilities and copper products, among other factors. Sales volumes of both ingots and recycled materials declined, resulting in an overall 20.5% year-on-year decrease, and revenue declined to ¥1,774.5 million, down 16.1% year on year. On the other hand, margins expanded as the average yen-denominated cash copper price during the period remained 7.8% higher than in the same period of the previous year, and processing and sorting of recycled materials was promoted by revising the grades of procured materials. Operating profit rose to ¥231 million, up 157.6%; ordinary profit was ¥200 million, compared with an ordinary loss of ¥23 million in the same period of the previous year; and net income attributable to owners of the parent was ¥120 million, compared with a net loss attributable to owners of the parent of ¥21 million, with each showing an increase in profit.」
While sales volume and revenue declined, operating profit increased 157.6% year on year, and ordinary profit and net income attributable to owners of the parent each shifted from a loss in the same period of the previous year to a profit. - FY2023WorsenedAnnual report
「As a result, revenue for the fiscal year was ¥8,459.4 million, down 5.1% from the previous fiscal year; operating profit was ¥532 million, down 38.2%; ordinary profit was ¥227 million, down 75.7%; and net income attributable to owners of the parent was ¥170 million, down 68.9%.」
Revenue declined, and operating profit, ordinary profit and net income also declined significantly. Although the company remained profitable, earnings deteriorated from the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥6,152.6 million, down 6.0% year on year; operating profit was ¥217 million, down 85.6%; ordinary profit was ¥53 million, down 96.1%; and net income attributable to owners of the parent was ¥53 million, down 93.2%.」
Revenue declined 6.0% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent declined 85.6%, 96.1% and 93.2%, respectively. The trend has progressed from higher revenue and lower profit in the previous quarter to a sharp decline in profit accompanied by lower revenue. - FY2023-Q2RestatedAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥4,150.6 million, up 3.0% year on year; operating profit was ¥114 million, down 86.0%; ordinary loss was ¥74 million, compared with ordinary profit of ¥639 million in the same period of the previous year; and net loss attributable to owners of the parent was ¥33 million, compared with net income attributable to owners of the parent of ¥349 million in the same period of the previous year.」
While revenue increased 3.0% year on year, operating profit declined 86.0%, and the company shifted to an ordinary loss and a net loss attributable to owners of the parent. The difficult earnings environment has continued despite higher revenue. - FY2023-Q1Revenue increased, but operating profit declined sharply, resulting in ordinary and net lossesAnnual report
「As a result, revenue for the cumulative first-quarter period increased to ¥2,116.0 million, up 4.7% year on year, but margins narrowed due to tight supply and demand for raw materials. In addition, the occurrence of foreign exchange losses and other factors resulted in operating profit of ¥89 million, down 81.7%; ordinary loss of ¥23 million, compared with ordinary profit of ¥411 million in the same period of the previous year; and net loss attributable to owners of the parent of ¥21 million, compared with net income attributable to owners of the parent of ¥173 million in the same period of the previous year.」
While revenue increased 4.7%, operating profit declined 81.7%, and the company shifted to an ordinary loss and a net loss attributable to owners of the parent. - FY2022Revenue increased significantly, but profit declined sharplyAnnual report
「As a result, revenue for the fiscal year was ¥8,910.2 million, up 43.6% from the previous fiscal year; operating profit was ¥862 million, down 73.0%; ordinary profit was ¥936 million, down 55.3%; and net income attributable to owners of the parent was ¥547 million, down 59.6%.」
While revenue increased 43.6%, operating profit, ordinary profit and net income attributable to owners of the parent all declined significantly, with higher revenue and lower profit occurring at the same time over the full year. - FY2022-Q3Revenue increased, but profit continued to declineAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥6,545.4 million, up 52.2% year on year; operating profit was ¥1,514 million, down 44.9%; ordinary profit was ¥1,358 million, down 5.1%; and net income attributable to owners of the parent was ¥793 million, down 13.2%.」
While revenue increased 52.2% year on year, operating profit declined 44.9%, ordinary profit declined 5.1% and net income attributable to owners of the parent declined 13.2%, with higher revenue and lower profit continuing. - FY2022-Q2Revenue increased, but profit declinedAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥4,029.7 million, up 49.4% year on year; operating profit was ¥819 million, down 43.1%; ordinary profit was ¥639 million, down 3.3%; and net income attributable to owners of the parent was ¥349 million, down 20.3%.」
While revenue increased 49.4% year on year, operating profit declined 43.1%, ordinary profit declined 3.3% and net income attributable to owners of the parent declined 20.3%, with higher revenue and lower profit occurring at the same time. - FY2022-Q1AdvancedAnnual report
「Against this external backdrop, the price of copper, the Group’s principal product, fluctuated at elevated levels as positive and negative factors offset each other, including stronger inflation concerns stemming from expectations of an economic recovery and growing expectations of tapering, or a reduction in quantitative easing, mainly in the United States, as well as supply constraints and lower production caused by the renewed spread of COVID-19. As a result, the average yen-denominated copper price during the period was 50.8% higher than in the same period of the previous year. Although total sales volume declined slightly, ingot sales exceeded the previous year, resulting in revenue of ¥2,020.2 million for the cumulative first-quarter period, up 54.7% year on year; operating profit of ¥492 million, up 2.0%; ordinary profit of ¥411 million, up 50.6%; and net income attributable to owners of the parent of ¥173 million, up 3.4%.」
Revenue increased 54.7% year on year, operating profit increased 2.0%, ordinary profit increased 50.6% and net income attributable to owners of the parent increased 3.4%, indicating that earnings progressed from the previous year while remaining profitable. - FY2021AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥6,205.8 million, up 45.2% from the previous fiscal year; operating profit was ¥3,197 million, up 394.3%; ordinary profit was ¥2,096 million, up 273.3%; and net income attributable to owners of the parent was ¥1,353 million, up 257.9%.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased significantly from the previous fiscal year, with earnings improving at each level over the full year. - FY2021-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥4,300.5 million, up 40.3% year on year; operating profit was ¥2,746 million, up 2,629.5%; ordinary profit was ¥1,432 million, up 1,201.8%; and net income attributable to owners of the parent was ¥913 million, up 1,196.3%.」
Revenue increased 40.3% year on year, while operating profit, ordinary profit and quarterly net income also increased significantly. Earnings improvement progressed further from the previous quarter. - FY2021-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥2,696.8 million, up 30.6% year on year; operating profit was ¥1,440 million, up 287.1%; ordinary profit was ¥661 million, up 79.6%; and net income attributable to owners of the parent was ¥438 million, up 85.6%.」
Revenue increased 30.6% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent also increased year on year. - FY2021-Q1AdvancedAnnual report
「In addition, sales volumes of both ingots and scrap exceeded the previous year, resulting in revenue of ¥1,305.5 million for the cumulative first-quarter period, up 28.1% year on year; operating profit of ¥482 million, up 236.1%; ordinary profit of ¥273 million, up 129.5%; and net income attributable to owners of the parent of ¥167 million, up 166.1%.」
Sales volumes exceeded the previous year, and revenue increased 28.1%. Operating profit, ordinary profit and net income attributable to owners of the parent also increased significantly year on year, indicating continued progress in achieving profitability and improving earnings. - FY2020AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥4,275.2 million, down 15.6% from the previous fiscal year; operating profit was ¥646 million, compared with an operating loss of ¥244 million in the previous fiscal year; ordinary profit was ¥561 million, compared with an ordinary loss of ¥289 million; and net income attributable to owners of the parent was ¥378 million, compared with a net loss attributable to owners of the parent of ¥230 million.」
While revenue declined 15.6%, each of operating, ordinary and net income shifted from a loss in the previous fiscal year to a profit. - FY2020-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥3,065.1 million, down 21.0% year on year; operating profit was ¥100 million, compared with an operating loss of ¥17 million in the same period of the previous year; ordinary profit was ¥110 million, compared with an ordinary loss of ¥55 million; and net income attributable to owners of the parent was ¥70 million, compared with a net loss attributable to owners of the parent of ¥44 million.」
While revenue declined 21.0% year on year, operating profit, ordinary profit and net income attributable to owners of the parent each shifted from a loss in the same period of the previous year to a profit. - FY2020-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥2,064.2 million, down 20.1% year on year; operating profit was ¥372 million, compared with an operating loss of ¥247 million in the same period of the previous year; ordinary profit was ¥368 million, compared with an ordinary loss of ¥261 million; and net income attributable to owners of the parent was ¥236 million, compared with a net loss attributable to owners of the parent of ¥182 million.」
While revenue declined 20.1% year on year, operating profit, ordinary profit and net income attributable to owners of the parent each shifted from a loss in the same period of the previous year to a profit. - FY2020-Q1AdvancedAnnual report
「However, partly because the average yen-denominated copper price during the period declined 9.7% year on year, revenue for the cumulative first-quarter period was ¥1,019.1 million, down 23.5% year on year; operating profit was ¥143 million, compared with an operating loss of ¥64 million in the same period of the previous year; ordinary profit was ¥118 million, compared with an ordinary loss of ¥80 million; and net income attributable to owners of the parent was ¥62 million, compared with a net loss attributable to owners of the parent of ¥54 million.」
While revenue declined 23.5% year on year, operating profit, ordinary profit and net income attributable to owners of the parent each shifted from a loss in the same period of the previous year to a profit. - FY2019-Q3Revenue down, cumulative losses continue at every stageAnnual report
「For the cumulative third-quarter period, revenue was ¥3,881.9 million, down 7.6% year on year; operating loss was ¥17 million, compared with operating profit of ¥1,084 million in the same period of the previous year; ordinary loss was ¥55 million, compared with ordinary profit of ¥1,047 million; and net loss attributable to owners of the parent was ¥44 million, compared with net income attributable to owners of the parent of ¥686 million.」
Revenue declined 7.6% year on year, and the cumulative third-quarter results remained in a state of having shifted from profit in the same period of the previous year to losses at the operating, ordinary and net income levels. - FY2019-Q2Revenue down, cumulative losses continue at every stageAnnual report
「As a result, for the six-month consolidated period of the second quarter, the Company reported revenue of ¥25.834 billion, down 7.8% year on year; an operating loss of ¥247 million, compared with operating profit of ¥969 million in the same quarter of the previous year; an ordinary loss of ¥261 million, compared with ordinary profit of ¥953 million; and a quarterly net loss attributable to owners of the parent of ¥182 million, compared with quarterly net profit attributable to owners of the parent of ¥627 million.」
The cumulative second-quarter results show a shift from profit in the same period of the previous year to operating, ordinary and net losses, while revenue also declined 7.8%. - FY2019-Q1Revenue down, turning to losses at every stageAnnual report
「For the nine-month consolidated period of the first quarter, the Company reported revenue of ¥13.326 billion, down 7.0% year on year; an operating loss of ¥64 million, compared with operating profit of ¥682 million in the same quarter of the previous year; an ordinary loss of ¥80 million, compared with ordinary profit of ¥678 million; and a quarterly net loss attributable to owners of the parent of ¥54 million, compared with quarterly net profit attributable to owners of the parent of ¥422 million.」
The Company moved from profits at each stage in the same quarter of the previous year to operating, ordinary and net losses, while revenue fell 7.0%. - FY2018Full-year results confirm higher revenue and lower profitsAnnual report
「As a result, revenue for the consolidated fiscal year was ¥56.791 billion, up 7.4% year on year, while operating profit was ¥745 million, down 64.5%; ordinary profit was ¥676 million, down 59.7%; and net profit for the year attributable to owners of the parent was ¥462 million, down 55.4%.」
For the full year, revenue increased, while operating profit, ordinary profit and net profit for the year attributable to owners of the parent declined substantially. - FY2018-Q3Revenue up, profit decline continuesAnnual report
「The Group reported revenue of ¥42.026 billion, up 7.0% year on year; operating profit of ¥1.084 billion, down 35.5%; ordinary profit of ¥1.047 billion, down 18.4%; and quarterly net profit attributable to owners of the parent of ¥686 million, down 10.5%.」
Revenue rose 7.0% year on year, while operating profit fell 35.5%, ordinary profit fell 18.4%, and quarterly net profit attributable to owners of the parent fell 10.5%, resulting in revenue growth alongside lower profits for the second consecutive quarter. - FY2018-Q2Revenue up, operating profit downAnnual report
「The Group reported revenue of ¥28.031 billion, up 10.4% year on year; operating profit of ¥969 million, down 28.8%; ordinary profit of ¥953 million, down 0.3%; and quarterly net profit attributable to owners of the parent of ¥627 million, up 9.7%.」
Revenue and quarterly net profit attributable to owners of the parent increased, while operating profit fell 28.8% and ordinary profit fell 0.3%, resulting in mixed earnings trends after the previous period’s growth in profit. - FY2018-Q1AdvancedAnnual report
「For the nine-month consolidated period of the first quarter, the Company reported revenue of ¥14.332 billion, up 30.5% year on year; operating profit of ¥682 million, up 88.7%; ordinary profit of ¥678 million, compared with ordinary profit of ¥24 million in the same quarter of the previous year; and quarterly net profit attributable to owners of the parent of ¥422 million, compared with ¥12 million.」
Revenue rose 30.5% year on year and operating profit rose 88.7%, while ordinary profit and quarterly net profit also increased substantially. The return to profitability and improvement in earnings that began in the previous period have progressed further. - FY2017-Q3AdvancedAnnual report
「The Company reported revenue of ¥39.279 billion, up 20.3% year on year; operating profit of ¥1.680 billion, compared with an operating loss of ¥397 million in the same quarter of the previous year; ordinary profit of ¥1.283 billion, compared with an ordinary loss of ¥319 million; and quarterly net profit attributable to owners of the parent of ¥766 million, compared with a quarterly net loss attributable to owners of the parent of ¥287 million.」
The Company moved from losses at each stage in the same quarter of the previous year to operating profit, ordinary profit and quarterly net profit, while revenue rose 20.3% year on year. - FY2017-Q2AdvancedAnnual report
「The Group reported revenue of ¥25.389 billion, up 18.2% year on year; operating profit of ¥1.361 billion, compared with an operating loss of ¥481 million in the same quarter of the previous year; ordinary profit of ¥956 million, compared with an ordinary loss of ¥433 million; and quarterly net profit attributable to owners of the parent of ¥572 million, compared with a quarterly net loss attributable to owners of the parent of ¥346 million.」
The Company moved from operating, ordinary and net losses in the same quarter of the previous year to operating profit of ¥1.361 billion, ordinary profit of ¥956 million and quarterly net profit of ¥572 million. Revenue also rose 18.2%. - FY2017-Q1AdvancedAnnual report
「For the nine-month consolidated period of the first quarter, the Company reported revenue of ¥10.982 billion, up 5.9% year on year; operating profit of ¥361 million, compared with an operating loss of ¥77 million in the same quarter of the previous year; ordinary profit of ¥24 million, compared with an ordinary loss of ¥67 million; and quarterly net profit attributable to owners of the parent of ¥12 million, compared with a quarterly net loss attributable to owners of the parent of ¥53 million.」
The Company moved from operating, ordinary and net losses in the same quarter of the previous year to profits at each stage this quarter. Revenue also rose 5.9% year on year. - FY2016RestatedAnnual report
「As a result, revenue for the consolidated fiscal year was ¥42.955 billion, with an operating loss of ¥592 million, an ordinary loss of ¥458 million, and a net loss for the year attributable to owners of the parent of ¥389 million.」
Following the disclosure of losses for the cumulative quarter, the full-year results also show that revenue was secured despite operating, ordinary and net losses. - FY2016-Q3First statedAnnual report
「As a result, the Company reported revenue of ¥32.639 billion, an operating loss of ¥397 million, an ordinary loss of ¥319 million, and a quarterly net loss attributable to owners of the parent of ¥287 million.」
The results for the nine-month consolidated period of the third quarter state revenue and profit or loss at each stage.