Profit Recovery Amid Declining Sales
First written in FY2016. . Latest entry: FY2026.
The whole theme swung hardest in 2020: 24 of 107 companies on the "Worse" side.
49 other companies' latest entry also says "Other".
- FY2026First consolidated full-year earnings disclosureAnnual report
「For the consolidated fiscal year, net sales were ¥132,817 million, operating profit was ¥8,732 million, ordinary profit was ¥9,954 million, and net income attributable to owners of the parent was ¥9,002 million.」
Following the acquisition of 株式会社本田 as a subsidiary, the company disclosed full-year consolidated results for the first time, recording net sales of ¥132,817 million, operating profit of ¥8,732 million, ordinary profit of ¥9,954 million and net income attributable to owners of the parent of ¥9,002 million. - FY2025Higher revenue and operating profit, but lower net incomeAnnual report
「Net sales for the fiscal year were ¥128,980 million, up 1.6% from the previous fiscal year; operating profit was ¥10,748 million, up 1.7%; ordinary profit was ¥11,878 million, up 2.0%; and net income was ¥8,327 million, down 8.4% year on year.」
In FY2025, net sales, operating profit and ordinary profit increased, while net income declined due to the decline from the previous fiscal year's gain on the reversal of asset retirement obligations. - FY2025-H1Higher revenue and profitsAnnual report
「As a result, net sales for the interim accounting period were ¥65,064 million, up 2.7% year on year; operating profit was ¥5,889 million, up 6.5%; ordinary profit was ¥6,446 million, up 5.9%; and interim net income was ¥4,393 million, up 5.1%.」
FY2025-H1 saw year-on-year increases in net sales, operating profit, ordinary profit and interim net income. - FY2024-Q3Revenue increased, but profit declines continued, with the magnitude of the declines narrowing.Annual report
「As a result, for the cumulative first three quarters, net sales were ¥93,346 million, up 2.5% year on year; operating profit was ¥7,952 million, down 8.5%; ordinary profit was ¥8,777 million, down 7.0%; and net income was ¥6,077 million, down 6.3%.」
Cumulative revenue for the first three quarters increased, but the decline in operating profit, ordinary profit and quarterly net income continued. However, the year-on-year decline was narrower than in the cumulative second quarter. - FY2024-Q2Despite higher revenue, operating income, ordinary income and net income decreased.Annual report
「As a result, revenue for the six months ended the second quarter was ¥63,332 million, up 1.8% year on year; operating income was ¥5,527 million, down 10.7%; ordinary income was ¥6,089 million, down 9.0%; and quarterly net income was ¥4,180 million, down 8.9%.」
In FY2024-Q2 cumulative, revenue increased 1.8% year on year, while operating income, ordinary income and quarterly net income all decreased. - FY2024-Q1Revenue increased, but profits decreased.Annual report
「As a result, revenue for the three months ended the first quarter was ¥31,634 million, up 2.2% year on year; operating income was ¥2,803 million, down 8.8%; ordinary income was ¥3,093 million, down 6.3%; and quarterly net income was ¥2,136 million, down 5.2%.」
In FY2024-Q1, revenue increased 2.2% year on year, while operating income, ordinary income and quarterly net income all decreased. - FY2023Full-year revenue and earnings declineAnnual report
「Revenue was ¥123,362 million, down 0.2% from the previous fiscal year; operating income was ¥11,095 million, down 9.3%; ordinary income was ¥12,240 million, down 7.4%; and net income was ¥8,528 million, down 23.2%.」
In FY2023, revenue, operating income, ordinary income and net income all fell below the previous fiscal year. Revenue was essentially flat, while higher utility costs, expenses related to new stores, lower gains on the sale of fixed assets and impairment losses pushed down profits. - FY2023-Q3Sales and profit declined year on yearAnnual report
「As a result of pursuing these initiatives, revenue for the nine months ended the third quarter was ¥91,082 million, down 0.3% year on year; operating income was ¥8,692 million, down 1.6%; ordinary income was ¥9,441 million, down 0.9%; and quarterly net income was ¥6,482 million, down 1.2%.」
For the nine months ended the third quarter, revenue, operating income, ordinary income and quarterly net income all decreased year on year, shifting from the previous situation of essentially flat revenue, higher ordinary income and slight declines in some profit measures to declines across all profit measures. - FY2023-Q2Revenue was essentially flat and ordinary income increased, while operating income and net income edged down.Annual report
「As a result of pursuing these initiatives, revenue for the six months ended the second quarter was ¥62,236 million, up 0.1% year on year; operating income was ¥6,192 million, down 0.4%; ordinary income was ¥6,692 million, up 0.5%; and quarterly net income was ¥4,589 million, down 0.1%.」
For the six months ended the second quarter, revenue increased 0.1% and ordinary income increased 0.5%, while operating income decreased 0.4% and quarterly net income decreased 0.1%. - FY2023-Q1Higher revenue and operating income year on yearAnnual report
「As a result of pursuing these initiatives, revenue for the three months ended the first quarter was ¥30,966 million, up 0.3% year on year; operating income was ¥3,072 million, up 5.6%; ordinary income was ¥3,302 million, up 3.3%; and quarterly net income was ¥2,254 million, up 2.0%.」
In the first quarter, revenue, operating income, ordinary income and quarterly net income all increased year on year. - FY2022Despite lower revenue, operating income and ordinary income reached record highs for the second consecutive fiscal year.Annual report
「Under these operating conditions, the company strengthened its efforts under three priority initiatives: "another challenge to grow revenue," "continued margin improvement and cost control" and "active investment for the future." As a result, both operating income and ordinary income reached record highs for the second consecutive fiscal year.」
Revenue decreased to ¥123,555 million, while operating income was ¥12,238 million and ordinary income was ¥13,224 million, with both reaching record highs for the second consecutive fiscal year, according to the company. - FY2022-Q3Despite lower revenue, operating income, ordinary income and net income increased.Annual report
「As a result of focusing on these initiatives and working to reduce selling, general and administrative expenses, total working hours and other costs, profitability improved and a high operating margin was secured. Revenue for the nine months ended the third quarter was ¥91,400 million, compared with ¥98,090 million in the same quarter of the previous year; operating income was ¥8,836 million, compared with ¥8,321 million; ordinary income was ¥9,528 million, compared with ¥9,307 million; and quarterly net income was ¥6,562 million, compared with ¥6,309 million.」
For the nine months ended the third quarter, revenue decreased from ¥98,090 million in the same period of the previous year to ¥91,400 million, while operating income, ordinary income and quarterly net income all exceeded the previous year's levels. - FY2022-Q2Despite lower revenue, operating income, ordinary income and net income increased, and the operating margin reached 10%.Annual report
「As a result of focusing on these initiatives and working to reduce selling, general and administrative expenses, total working hours and other costs, profitability improved and the operating margin rose further to 10.0%, entering double digits for the first time. First-half net income also reached a record high since listing for the third consecutive fiscal year.」
For the six months ended the second quarter, revenue was below the previous year's level, while operating income, ordinary income and quarterly net income increased. The operating margin was 10.0%, and first-half net income reached a record high since listing for the third consecutive fiscal year. - FY2022-Q1Sales and profit declined year on yearAnnual report
「As a result of pursuing these initiatives, revenue for the three months ended the first quarter was ¥30,862 million, compared with ¥34,165 million in the same quarter of the previous year; operating income was ¥2,909 million, compared with ¥3,175 million; ordinary income was ¥3,196 million, compared with ¥3,406 million; and quarterly net income was ¥2,210 million, compared with ¥2,354 million.」
In the current quarter after the application of the revenue recognition accounting standard, revenue, operating income, ordinary income and quarterly net income were all below the levels of the same quarter of the previous year. - FY2021New record high profit and higher revenue and operating income.Annual report
「For the fiscal year ended June 2021, amid a difficult economic environment resulting from the prolonged spread of COVID-19, the company carried out a sweeping reform of its earnings structure, steadily improved profitability and set a new record for profit.」
The company states that it set a new record for profit as a result of reforms to its earnings structure. Revenue was ¥132,499 million, operating income was ¥11,506 million and ordinary income was ¥12,773 million, while net income was ¥8,985 million, down 17.9% from the previous fiscal year. - FY2021-Q3Profit recorded in the nine months ended the third quarter under standalone financial statements.Annual report
「As a result, revenue for the nine months ended the third quarter was ¥98,090 million, operating income was ¥8,321 million, ordinary income was ¥9,307 million and quarterly net income was ¥6,309 million.」
For the nine months ended the third quarter after the transition to standalone financial statements, the company recorded revenue of ¥98,090 million, operating income of ¥8,321 million, ordinary income of ¥9,307 million and quarterly net income of ¥6,309 million. - FY2021-Q2Profit recorded in the six months ended the second quarter under standalone financial statements.Annual report
「As a result, revenue for the six months ended the second quarter was ¥67,140 million, operating income was ¥5,736 million, ordinary income was ¥6,238 million and quarterly net income was ¥4,047 million.」
For the six months ended the second quarter under standalone financial statements after the disappearance of consolidated subsidiaries, the company recorded revenue of ¥67,140 million, operating income of ¥5,736 million, ordinary income of ¥6,238 million and quarterly net income of ¥4,047 million. - FY2021-Q1Profit recorded in the first quarter under standalone financial statements.Annual report
「As a result, revenue for the three months ended the first quarter was ¥34,165 million, operating income was ¥3,175 million, ordinary income was ¥3,406 million and quarterly net income was ¥2,354 million.」
For the first quarter after the disappearance of consolidated subsidiaries and the transition to standalone financial statements, the company recorded revenue of ¥34,165 million, operating income of ¥3,175 million, ordinary income of ¥3,406 million and quarterly net income of ¥2,354 million. - FY2020Transition to standalone financial statements and higher revenue and profits.Annual report
「Revenue for the fiscal year was ¥124,909 million, up 4.9% from the previous fiscal year; operating income was ¥9,187 million, up 18.2%; ordinary income was ¥10,593 million, up 15.9%; and net income was ¥10,949 million, up 141.1%.」
Following the transition from consolidated to standalone financial statements as a result of the organizational restructuring, revenue, operating income, ordinary income and net income all increased during the fiscal year. - FY2020-Q3Revenue and operating and ordinary income increased, but the company posted a quarterly net loss due to extraordinary losses.Annual report
「As a result of pursuing these initiatives, revenue for the nine months ended the third quarter increased by ¥1,883 million from the same quarter of the previous year to ¥112,213 million, up 1.7% year on year. Operating income increased by ¥1,684 million to ¥7,381 million, up 29.6%, and ordinary income increased by ¥1,683 million to ¥8,319 million, up 25.4%. The company recorded a quarterly net loss attributable to owners of the parent of ¥487 million, as it recognized impairment losses, valuation losses on investment securities, losses on the sale of investment securities and other items as extraordinary losses, compared with quarterly net income attributable to owners of the parent of ¥2,652 million in the same quarter of the previous year.」
Revenue, operating income and ordinary income increased year on year, while the company posted a quarterly net loss attributable to owners of the parent of ¥487 million due to extraordinary losses, including impairment losses. - FY2020-Q2Revenue growth, operating profit growth, ordinary profit growth and substantial net income growthAnnual report
「As a result of pursuing these initiatives, revenue for the six months ended the second quarter increased by ¥1,194 million from the same quarter of the previous year to ¥76,087 million, up 1.6% year on year. Operating income increased by ¥1,427 million to ¥5,617 million, up 34.1%; ordinary income increased by ¥1,342 million to ¥6,205 million, up 27.6%; and net income attributable to owners of the parent increased by ¥2,347 million to ¥3,852 million, up 156.0%.」
For the six months ended the second quarter, revenue, operating income, ordinary income and net income attributable to owners of the parent all increased year on year. - FY2020-Q1Revenue, operating and ordinary income growth, with higher net incomeAnnual report
「As a result of pursuing these initiatives, revenue for the three months ended the first quarter increased by ¥932 million from the same quarter of the previous year to ¥37,706 million, up 2.5% year on year. Operating income increased by ¥750 million to ¥2,581 million, up 41.0%; ordinary income increased by ¥686 million to ¥2,832 million, up 32.0%; and net income attributable to owners of the parent increased by ¥466 million to ¥1,915 million, up 32.2%.」
In the first quarter, revenue increased 2.5%, operating income increased 41.0%, ordinary income increased 32.0% and net income attributable to owners of the parent increased 32.2%. - FY2019-Q3Revenue and ordinary income increased, while operating income and net income decreased due to impairment losses.Annual report
「Revenue for the nine months ended the third quarter increased by ¥225 million from the same quarter of the previous year to ¥110,329 million, up 0.2% year on year. Meanwhile, operating income decreased by ¥53 million to ¥5,696 million, down 0.9%, while ordinary income increased by ¥397 million to ¥6,636 million, up 6.4%. However, net income attributable to owners of the parent decreased by ¥1,292 million to ¥2,652 million, down 32.8%, because a ¥2,472 million impairment loss related to the Home Center Chiba store was recorded as an extraordinary loss in the second quarter.」
For the nine months ended the third quarter, revenue increased 0.2% and ordinary income increased 6.4%, while operating income decreased 0.9% and net income attributable to owners of the parent decreased 32.8% due to the impairment loss related to the Chiba store. - FY2019-Q2Revenue increased and operating and ordinary income rose, while net income decreased due to impairment losses.Annual report
「Revenue for the six months ended the second quarter increased by ¥197 million from the same quarter of the previous year to ¥74,892 million, up 0.3% year on year. Operating income increased by ¥27 million to ¥4,190 million, up 0.7%, and ordinary income increased by ¥406 million to ¥4,863 million, up 9.1%. However, net income attributable to owners of the parent decreased by ¥1,283 million to ¥1,504 million, down 46.0%, due to the recognition of a ¥2,472 million impairment loss related to the Home Center Chiba store as an extraordinary loss.」
For the six months ended the second quarter, revenue, operating income and ordinary income increased year on year, while net income attributable to owners of the parent decreased 46.0% due to an impairment loss related to the Chiba store. - FY2019-Q1Revenue was essentially flat, while profits increased.Annual report
「Under these circumstances, revenue for the three months ended the first quarter decreased by ¥4 million from the same quarter of the previous year to ¥36,774 million, down 0.0% year on year. Operating income increased by ¥81 million to ¥1,831 million, up 4.7%; ordinary income increased by ¥400 million to ¥2,146 million, up 22.9%; and net income attributable to owners of the parent increased by ¥300 million to ¥1,449 million, up 26.1%.」
In the first quarter, revenue was essentially flat, down 0.0% year on year, while operating income increased 4.7%, ordinary income increased 22.9% and net income attributable to owners of the parent increased 26.1%. - FY2018Full-year revenue declined, while operating and ordinary income increased and net income decreased.Annual report
「Although the company pursued these initiatives, revenue for the consolidated fiscal year decreased by ¥6,258 million from the previous consolidated fiscal year to ¥148,676 million, down 4.0%. Meanwhile, the gross profit margin improved as a result of structural reforms, and selling, general and administrative expenses decreased by ¥968 million, or 2.5%, due in part to a reduction in total working hours. As a result, operating income increased by ¥586 million to ¥7,981 million, up 7.9%, and ordinary income increased by ¥778 million to ¥8,800 million, up 9.7%.」
Full-year revenue decreased 4.0%, while operating income increased 7.9% and ordinary income increased 9.7% due to the improvement in the gross profit margin from structural reforms and lower selling, general and administrative expenses. Net income decreased 8.7% due to special factors and impairment losses. - FY2018-Q3Revenue declined, while operating and ordinary income increased and net income decreased.Annual report
「Revenue for the nine months ended the third quarter decreased by ¥4,476 million from the same quarter of the previous year to ¥110,103 million, down 3.9% year on year. Operating income increased by ¥658 million to ¥5,749 million, up 12.9%; ordinary income increased by ¥301 million to ¥6,238 million, up 5.1%; and net income attributable to owners of the parent decreased by ¥1,049 million to ¥3,944 million, down 21.0%.」
For the nine months ended the third quarter, revenue decreased 3.9%, while operating income and ordinary income increased; net income attributable to owners of the parent decreased 21.0%. - FY2018-Q2Lower sales but higher operating income, ordinary income and net incomeAnnual report
「As a result, revenue for the six months ended the second quarter decreased by ¥2,448 million from the same quarter of the previous year to ¥74,695 million, down 3.2% year on year. Operating income increased by ¥629 million to ¥4,163 million, up 17.8%; ordinary income increased by ¥252 million to ¥4,456 million, up 6.0%; and net income attributable to owners of the parent increased by ¥25 million to ¥2,788 million, up 0.9%.」
Revenue decreased 3.2% year on year, while operating income increased 17.8%, ordinary income increased 6.0% and net income attributable to owners of the parent increased 0.9%. - FY2018-Q1Lower sales but higher operating income, ordinary income and net incomeAnnual report
「As a result, revenue for the three months ended the first quarter decreased by ¥630 million from the same quarter of the previous year to ¥36,778 million, down 1.7% year on year. Operating income increased by ¥496 million to ¥1,749 million, up 39.6%; ordinary income increased by ¥207 million to ¥1,745 million, up 13.5%; and net income attributable to owners of the parent increased by ¥170 million to ¥1,148 million, up 17.5%.」
In the first quarter, revenue decreased 1.7% year on year, while operating income increased 39.6%, ordinary income increased 13.5% and net income attributable to owners of the parent increased 17.5%. - FY2017Full-year revenue and operating income declined, while net income increased.Annual report
「Revenue decreased by ¥3,802 million from the previous consolidated fiscal year to ¥154,934 million, down 2.4% year on year. As a result, operating income decreased by ¥311 million to ¥7,395 million, down 4.0%. Net income attributable to owners of the parent increased by ¥676 million to ¥6,130 million, up 12.4%.」
For the full year, revenue and operating income decreased, while net income attributable to owners of the parent increased due to gains on the reversal of asset retirement obligations related to the acquisition of store sites and other factors. - FY2017-Q3Net income attributable to owners of the parent increased due to extraordinary income despite lower revenue and operating income.Annual report
「Although the company pursued the initiatives described above, revenue for the nine months ended the third quarter decreased by ¥2,762 million from the same quarter of the previous year to ¥114,579 million, down 2.4% year on year. Gasoline sales volumes declined due to intensified competition with nearby stores, while customer visits remained sluggish due to unsettled weather and other factors. In addition, the number of operating days was 3 days fewer than in the same quarter of the previous year because the fiscal year-end inventory-count date was changed to the beginning of the current fiscal year and the previous year was a leap year.」
For the nine months ended the third quarter, revenue decreased 2.4% and operating income decreased 9.0%, while ordinary income decreased 8.9%. Meanwhile, net income attributable to owners of the parent increased 17.6% due to a ¥1,608 million gain on the reversal of asset retirement obligations related to the acquisition of store sites. - FY2017-Q2Sales and profit declined year on yearAnnual report
「Revenue decreased by ¥2,818 million from the same quarter of the previous year to ¥77,144 million, down 3.5% year on year, affected by lower gasoline selling prices following the decline in crude oil prices, a drop in customer visits due to unsettled weather, and the fact that the number of operating days was 2 days fewer than in the same quarter of the previous year because the fiscal year-end inventory-count date was changed to the beginning of the current fiscal year. As a result, operating income decreased by ¥688 million to ¥3,534 million, down 16.3% year on year; ordinary income decreased by ¥709 million to ¥4,204 million, down 14.4%; and net income attributable to owners of the parent decreased by ¥448 million to ¥2,762 million, down 14.0%.」
In the six months ended the second quarter, revenue, operating income, ordinary income and net income attributable to owners of the parent all decreased year on year. - FY2017-Q1Sales and profit declined year on yearAnnual report
「Revenue decreased by ¥1,560 million from the same quarter of the previous year to ¥37,409 million, down 4.0% year on year. In addition, as selling, general and administrative expenses increased, mainly due to sales promotion expenses, taxes and dues, operating income decreased by ¥422 million to ¥1,253 million, down 25.2% year on year; ordinary income decreased by ¥424 million to ¥1,538 million, down 21.6%; and net income attributable to owners of the parent decreased by ¥298 million to ¥977 million, down 23.4%.」
From the previous year's situation of profit recovery amid declining revenue, revenue, operating income, ordinary income and net income all decreased year on year in the current quarter. - FY2016First statedAnnual report
「Revenue decreased by ¥3,614 million from the previous consolidated fiscal year to ¥158,737 million, down 2.2% year on year, partly due to the decline in gasoline selling prices following the fall in crude oil prices. Meanwhile, as gross profit improved and selling, general and administrative expenses decreased, operating income increased by ¥918 million from the previous consolidated fiscal year to ¥7,706 million, up 13.5% year on year」
As the FY2016 performance baseline, revenue decreased, while operating income, ordinary income and net income attributable to owners of the parent increased.