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TRUST Holdings (3286) · FactWorsened

Operating loss in the RV business widens

First written in FY2021-Q3. 5 of 19 entries say "Worsened", first in FY2022-Q1. Latest entry: FY2026.

19entries
6years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2022-Q2 – FY2023OtherFY2024-Q1 – FY2025WorsenedFY2026-H1 – FY20262021: 220212022: 420222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Wider operating losses due to sales falling short of plan in the RV businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「In the RV business, the Company focused on the manufacture, sale, repair and renovation of campervans, but sales volumes for both new and used vehicles fell below plan, resulting in lower sales and profit year on year. As a result, net sales were ¥392.735 million, down 21.8% year on year, and the operating loss was ¥38.212 million, compared with operating profit of ¥27.398 million in the same period of the previous year.」

    Sales volumes for new and used vehicles fell below plan, and the RV business posted lower sales and turned operating profit in the same period of the previous year into an operating loss.
  2. FY2026-H1WorsenedAnnual report

    「As a result, net sales were ¥195.773 million, down 21.2% year on year, and the operating loss was ¥18.513 million, compared with operating profit of ¥6.670 million in the same period of the previous year.」

    The RV business posted lower sales and turned operating profit in the same period of the previous year into an operating loss.
  3. FY2025Higher sales, but operating profit declined due to surging raw material pricesAnnual report

    「In the RV business, the manufacture, sale, repair and renovation of campervans progressed steadily, resulting in higher sales year on year. However, the increase in raw material prices could not be absorbed, and profit declined. As a result, net sales were ¥502.068 million, up 17.0% year on year, and operating profit was ¥27.398 million, down 8.5% year on year.」

    The RV business posted higher sales, while operating profit declined 8.5% because it could not absorb surging raw material prices.
  4. FY2025-H1Higher sales, but operating profit declined as higher raw material costs were not absorbedAnnual report

    「As a result, sales increased year on year, but profit declined because the higher raw material costs could not be absorbed. Net sales were ¥248.592 million, up 34.8% year on year, and operating profit was ¥6.670 million, down 60.2% year on year.」

    The RV business posted higher sales, while operating profit declined 60.2% because it could not absorb higher raw material costs.
  5. FY2024Lower sales, but higher operating profitAnnual report

    「As a result, net sales were ¥429.296 million, down 3.6% year on year, and operating profit was ¥29.943 million, up 83.0% year on year.」

    The RV business posted lower sales, while operating profit increased 83.0% year on year.
  6. FY2024-Q3Lower sales, but continued growth in operating profitAnnual report

    「As a result, net sales were ¥261.498 million, down 18.4% year on year, and operating profit was ¥16.638 million, up 148.1% year on year.」

    The RV business posted lower sales, while operating profit increased 148.1% year on year.
  7. FY2024-Q2Lower sales, but higher operating profitAnnual report

    「As a result, net sales were ¥184.364 million, down 27.5% year on year, and operating profit was ¥16.762 million, up 131.6% year on year.」

    The RV business posted lower sales, while operating profit increased 131.6% year on year.
  8. FY2024-Q1Lower sales, but operating profit maintained and increasedAnnual report

    「As a result, net sales were ¥86.152 million, down 21.8% year on year, and operating profit was ¥698 thousand, up 239.1% year on year.」

    The RV business posted lower sales, while operating profit increased 239.1% year on year.
  9. FY2023AdvancedAnnual report

    「As a result, net sales were ¥445.461 million, down 39.7% year on year, and operating profit was ¥16.360 million, compared with an operating loss of ¥31.460 million in the same period of the previous year.」

    The RV business posted lower sales, but turned an operating loss in the same period of the previous year into operating profit.
  10. FY2023-Q3AdvancedAnnual report

    「As a result, net sales were ¥320.455 million, down 48.0% year on year, and operating profit was ¥6.707 million, compared with an operating loss of ¥32.615 million in the same period of the previous year.」

    The RV business posted lower sales, but turned an operating loss in the same period of the previous year into operating profit.
  11. FY2023-Q2AdvancedAnnual report

    「As a result, net sales were ¥254.241 million, down 41.3% year on year, and operating profit was ¥7.236 million, compared with an operating loss of ¥30.800 million in the same period of the previous year.」

    The RV business posted lower sales, but turned an operating loss in the same period of the previous year into operating profit.
  12. FY2023-Q1AdvancedAnnual report

    「As a result, net sales were ¥110.223 million, down 12.8% year on year, and operating profit was ¥205 thousand, compared with an operating loss of ¥50.602 million in the same period of the previous year.」

    The RV business posted lower sales, but turned an operating loss in the same period of the previous year into operating profit.
  13. FY2022MitigatedAnnual report

    「As a result, net sales were ¥739.168 million, up 74.5% year on year, and the operating loss was ¥31.460 million, compared with an operating loss of ¥169.506 million in the same period of the previous year.」

    The RV business posted a substantial increase in sales, while its operating loss also narrowed substantially from the same period of the previous year after the business was scaled back.
  14. FY2022-Q3MitigatedAnnual report

    「As a result, net sales were ¥616.769 million, up 107.4% year on year, and the operating loss was ¥32.615 million, compared with an operating loss of ¥108.785 million in the same period of the previous year.」

    The RV business posted a substantial increase in sales, and its operating loss also narrowed from the same period of the previous year.
  15. FY2022-Q2MitigatedAnnual report

    「As a result, net sales were ¥433.252 million, up 151.3% year on year, and the operating loss was ¥30.800 million, compared with an operating loss of ¥67.010 million in the same period of the previous year.」

    The RV business posted a substantial increase in sales, and its operating loss also narrowed from the same period of the previous year.
  16. FY2022-Q1WorsenedAnnual report

    「As a result, net sales were ¥126.378 million, up 131.1% year on year, and the operating loss was ¥50.602 million, compared with an operating loss of ¥44.074 million in the same period of the previous year.」

    The RV business posted a substantial increase in sales, while its operating loss widened from the same period of the previous year.
  17. FY2021-Q3First statedAnnual report

    「As a result, net sales were ¥297.397 million, up 76.1% year on year, and the operating loss was ¥108.785 million, compared with an operating loss of ¥27.324 million in the same period of the previous year.」

    The RV business posted higher sales, while its operating loss widened from ¥27.324 million in the same period of the previous year to ¥108.785 million.
Moved together

"Higher profit in the parking lot business" moved the same way as this thread, in the same document, in 9 of its 19 moves.

998776★123456
  1. ★This thread
  2. 1Higher profit in the parking lot business9×
  3. 2Real Estate and Related Businesses Turn Profitable9×
  4. 3Revenue Decline and Shift to an Operating Loss8×
  5. 4Sales of “Trust Partners”7×
  6. 5Delivery of 18 Units in Already-Completed Condominiums7×
  7. 6Scheduled Completion of 2 Newly Built Condominium Buildings6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for TRUST Holdings yet. It last moved in the Revision to the earnings forecast of 2026-08-10: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Operating loss in the RV business widens | TRUST Holdings Inc. (3286) | Komori