Strong domestic mat sales and a higher proportion of premium products
First written in FY2017-Q1. 15 of 33 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-08-12.
The Seima Holdings moved to the "Worse" side of this theme in 2018.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- 2026-08-12AdvancedEarnings
「Overall sales volumes increased, partly because of the boost from minor model changes to vehicles equipped with our floor mats.」
The effect of minor model changes to vehicle models using the company’s mats appeared as an increase in sales volumes. - FY2025Revenue increased, but profits decreased.Annual report
「Domestic sales of automotive floor mats increased shipment volumes due to strong sales of newly adopted vehicle models and to major customers. Overseas sales were affected by higher costs because, although BEV sales in Thailand, where the subsidiary is located, were recovering from the previous year, price pass-through did not progress sufficiently to offset higher labor and utility costs. As a result, revenue was ¥2,526 million, an increase of ¥56 million, or 2.3%, from the previous fiscal year, while operating profit was ¥214 million, a decrease of ¥56 million, or 20.9%.」
Although domestic sales to customers for newly adopted vehicle models and major customers increased net sales, higher overseas costs and delays in passing on those costs through prices resulted in lower profit. - FY2025-H1AdvancedAnnual report
「Domestic sales of automotive floor mats exceeded the previous year in shipment volume, supported by strong sales of newly adopted vehicle models. Overseas sales were sluggish in Southeast Asia due to slowing economic growth and persistently high auto loan interest rates, but export volumes increased among newly developed customers. As a result, partly reflecting the stronger dollar, net sales were ¥1,311 million, an increase of ¥196 million (17.6%) from the previous interim consolidated accounting period, while operating profit was ¥129 million, an increase of ¥19 million (17.7%).」
Growth in domestic sales of newly adopted vehicle models and overseas sales through newly developed customers resulted in a 17.6% increase in net sales and a 17.7% increase in operating profit in the mat business. - FY2024AdvancedAnnual report
「Domestic sales of automotive floor mats began for vehicles under new orders, while overseas sales increased in both shipments of products for new customers and products for battery electric vehicles (BEVs). Through production rationalization and expense reductions, revenue was ¥2,470 million, an increase of ¥681 million, or 38.1%, from the previous fiscal year, and operating profit was ¥271 million, an increase of ¥184 million, or 210.9%.」
The mat business increased net sales by 38.1% and operating profit by 210.9%, driven by sales of products for new customers and BEVs, production streamlining and expense reductions. - FY2024-Q3AdvancedAnnual report
「Sales of automotive floor mats increased in both Japan and overseas as shipment volumes benefited from the recovery in vehicle production accompanying the normalization of supply chains. Overseas sales to new customers increased, and the stronger dollar also contributed to higher revenue and profit. As a result, revenue was ¥1,786 million, an increase of ¥509 million, or 40.0%, from the same quarter of the previous year, and operating profit was ¥205 million, an increase of ¥153 million, or 298.2%.」
The mat business increased net sales by 40.0% and operating profit by 298.2%, driven by higher shipment volumes in Japan and overseas and growth in sales to new overseas customers. - FY2024-Q1AdvancedAnnual report
「As a result, net sales were ¥571 million, an increase of ¥182 million (46.8%) from the same quarter of the previous year, while operating profit was ¥63 million, an increase of ¥52 million (457.7%).」
Although the impact of production cuts continued in Japan, strong overseas sales resulted in a 46.8% increase in net sales and a 457.7% increase in operating profit in the mat business. - FY2023AdvancedAnnual report
「As a result, net sales were ¥1,789 million, an increase of ¥401 million (28.9%) from the previous consolidated fiscal year, while operating profit was ¥87 million, compared with operating profit of ¥4 million in the previous fiscal year.」
The mat business increased net sales by 28.9% and operating profit also rose, driven by the acquisition of new overseas customers, production streamlining and expense reductions. - FY2023-Q3AdvancedAnnual report
「Domestic sales of automotive floor mats declined in revenue as selling prices fell, although automakers were showing signs of recovery. Overseas sales increased in both shipments and revenue and profit as the company developed new sales channels. As a result, revenue was ¥1,276 million, an increase of ¥216 million, or 20.4%, from the same quarter of the previous year, and operating profit was ¥51 million, an increase of ¥50 million from the same quarter of the previous year, compared with operating profit of ¥0 million.」
Although the average selling price declined in domestic sales, the mat business increased net sales and returned to operating profit on the development of new overseas sales channels and higher shipment volumes. - FY2023-Q2AdvancedAnnual report
「Domestic sales of automotive floor mats declined in both revenue and profit due to reduced production by automakers, while overseas sales increased in both shipments and revenue and profit as the company developed new sales channels. As a result, revenue was ¥792 million, an increase of ¥92 million, or 13.2%, from the same quarter of the previous year, and operating profit was ¥8 million, compared with an operating loss of ¥0 million in the same quarter of the previous year.」
Although domestic sales were affected by production cuts, the mat business increased net sales by 13.2% and returned to operating profit on the development of new overseas sales channels and higher shipment volumes. - FY2023-Q1AdvancedAnnual report
「Domestic sales of automotive floor mats declined in both net sales and operating profit due to automakers reducing production, while overseas sales increased in both net sales and operating profit, partly due to the stronger dollar. As a result, net sales were ¥389 million, an increase of ¥8 million (2.1%) from the same quarter of the previous year, while operating profit was ¥11 million, an increase of ¥7 million (176.1%).」
Although domestic sales declined in both net sales and operating profit, higher overseas sales increased net sales and operating profit, resulting in a 176.1% increase in operating profit for the mat business overall. - FY2022-Q3AdvancedAnnual report
「Domestic sales of automotive floor mats were affected by automakers' production cuts, but overseas sales increased as shipment volumes grew, resulting in higher revenue. The proportion of premium products also declined, lowering the average selling price, but the Company worked to improve production efficiency. As a result, net sales were ¥1,060 million, up ¥133 million, or 14.4%, from the same quarter of the previous year, and operating profit was ¥0 million, compared with an operating loss of ¥85 million in the same quarter of the previous year.」
Higher shipment volumes for overseas sales resulted in a 14.4% increase in net sales in the mat business. Operating profit also improved from a loss of ¥85 million in the same quarter of the previous year to ¥0 million. - FY2022-Q2AdvancedAnnual report
「As a result, net sales were ¥700 million, an increase of ¥7 million (1.1%) from the same quarter of the previous year, while the operating loss was ¥0 million, compared with an operating loss of ¥25 million in the same quarter of the previous year.」
The mat business reported a slight year-on-year increase in net sales, while the operating loss narrowed from ¥25 million to ¥0 million. - FY2022-Q1Returned to profitability despite lower revenueAnnual report
「As a result, net sales were ¥381 million, a decrease of ¥44 million (10.5%) from the same quarter of the previous year, while operating profit was ¥4 million, compared with an operating loss of ¥0 million in the same quarter of the previous year.」
The mat business reported lower net sales due to sluggish overseas sales, while operating profit improved to ¥4 million from an operating loss in the same quarter of the previous year. - FY2021WorsenedAnnual report
「As a result, net sales were ¥1,300 million, a decrease of ¥535 million (29.2%) from the previous consolidated fiscal year, while the operating loss was ¥103 million, compared with an operating loss of ¥99 million in the previous fiscal year.」
The mat business reported lower net sales and a wider operating loss due to declining shipment volumes and retirement costs related to restructuring. - FY2021-Q3WorsenedAnnual report
「Sales of automotive floor mats in Japan and overseas declined as shipment volumes fell. As a result, net sales were ¥927 million, down ¥464 million, or 33.4%, from the same quarter of the previous year, and the operating loss was ¥85 million, compared with an operating loss of ¥56 million in the same quarter of the previous year.」
A decline in shipment volumes resulted in a 33.4% year-on-year decline in net sales in the mat business, while the operating loss widened from ¥56 million to ¥85 million. - FY2021-Q2WorsenedAnnual report
「Sales of automotive floor mats in Japan and overseas declined as automakers suspended operations and sales fell. As a result, net sales were ¥692 million, down ¥250 million, or 26.5%, from the same quarter of the previous year, and the operating loss was ¥25 million, compared with an operating loss of ¥26 million in the same quarter of the previous year.」
The mat business reported lower net sales of ¥692 million versus ¥942 million in the same quarter of the previous year due to automakers suspending operations and declining sales. The operating loss was ¥25 million, and losses continued. - FY2021-Q1Lower revenue but a narrower operating lossAnnual report
「As a result, net sales were ¥425 million, a decrease of ¥35 million (7.6%) from the same quarter of the previous year, while the operating loss was ¥0 million, compared with an operating loss of ¥10 million in the same quarter of the previous year.」
The mat business reported lower net sales due to automakers suspending operations and other factors, but production streamlining and cost reductions narrowed the operating loss from ¥10 million in the same quarter of the previous year to ¥0 million. - FY2020WorsenedAnnual report
「In addition to weaker demand stemming from the recent global downturn in the automotive industry, the increase in sales of mats for mass-market vehicles such as kei cars and compact cars worsened the average selling price in the mat business. Personnel costs also rose, including through an increase in the provision for retirement benefits due to amendments to labor laws in Thailand, the production base, putting pressure on profit. As a result, net sales were ¥1,836 million, a decrease of ¥39 million (2.1%) from the previous consolidated fiscal year, while the operating loss was ¥99 million, compared with an operating loss of ¥10 million in the previous consolidated fiscal year.」
Sales of products for lower-priced mass-market vehicles, rising labor costs in Thailand and weaker demand widened the operating loss in the mat business from ¥10 million in the previous year to ¥99 million. - FY2020-Q3WorsenedAnnual report
「The proportion of lower-priced products, including those for kei cars and compact cars, increased further in Japan and overseas, worsening the average selling price. Rising personnel costs, including an increase in the provision for retirement benefits due to amendments to labor laws in Thailand, the production base, also put pressure on profit. As a result, net sales were ¥1,391 million, a decrease of ¥69 million (4.8%) from the same quarter of the previous year, while the operating loss was ¥56 million, compared with an operating loss of ¥1 million in the same quarter of the previous year.」
The proportion of lower-priced vehicle products increased further, worsening the average selling price, while rising labor costs in Thailand also weighed on results. The operating loss widened from ¥1 million in the same quarter of the previous year to ¥56 million. - FY2020-Q2WorsenedAnnual report
「Sales volumes in Japan and overseas increased, driven mainly by lower-priced products for kei cars and compact cars, resulting in higher net sales. However, rising personnel costs, including an increase in the provision for retirement benefits due to amendments to labor laws in Thailand, the production base, put pressure on profit. As a result, net sales were ¥942 million, an increase of ¥18 million (2.0%) from the same quarter of the previous year, while the operating loss was ¥26 million, compared with an operating loss of ¥10 million in the same quarter of the previous year.」
Although sales focused on lower-priced products resulted in higher net sales, rising labor costs in Thailand widened the operating loss from ¥10 million in the same quarter of the previous year to ¥26 million. - FY2020-Q1WorsenedAnnual report
「Sales in Japan and overseas focused on lower-priced products for vehicles. In addition, an increase in the provision for retirement benefits due to amendments to labor laws in Thailand, the production base, put pressure on profit. As a result, net sales were ¥460 million, a decrease of ¥11 million (2.5%) from the same quarter of the previous year, while the operating loss was ¥10 million, compared with an operating loss of ¥0 million in the same quarter of the previous year.」
Sales focused on lower-priced vehicle models, while an increase in the provision for retirement benefits following amendments to labor laws in Thailand also contributed to the mat business reporting lower net sales and an operating loss. - FY2019WorsenedAnnual report
「Net sales remained weak and the profit margin deteriorated as lower-priced products, including a higher proportion of floor mats for compact and kei cars, increased in Japan and overseas. As a result, net sales were ¥1,875 million, a decrease of ¥34 million (1.8%) from the previous consolidated fiscal year, while the operating loss was ¥10 million, compared with operating profit of ¥47 million in the previous consolidated fiscal year.」
The higher proportion of lower-priced products for compact and kei cars caused the profit margin to deteriorate, and the mat business turned to an operating loss for the full year. - FY2019-Q3WorsenedAnnual report
「Sales of low-priced vehicles such as mass-market and kei cars increased volumes, but lowered the average selling price and profit margin. As a result, net sales were ¥1,461 million, a decrease of ¥1 million (0.1%) from the same quarter of the previous year, while the operating loss was ¥1 million, compared with operating profit of ¥64 million in the same quarter of the previous year.」
Although volumes increased on higher sales of products for low-priced vehicles, the decline in the average selling price and profit margin caused the mat business to turn into an operating loss. - FY2019-Q2WorsenedAnnual report
「Sales of low-priced vehicles such as mass-market and kei cars increased, lowering the average selling price and causing the profit margin to deteriorate. As a result, net sales were ¥924 million, a decrease of ¥58 million (6.0%) from the same quarter of the previous year, while the operating loss was ¥10 million, compared with operating profit of ¥58 million in the same quarter of the previous year.」
Higher sales of products for low-priced vehicles reduced the average selling price and profit margin, causing the mat business to turn from operating profit in the same quarter of the previous year to an operating loss. - FY2019-Q1WorsenedAnnual report
「Sales in Japan and overseas consisted mainly of lower-priced products for mass-market and kei cars rather than premium products. As a result, net sales were ¥472 million, an increase of ¥9 million (2.1%) from the same quarter of the previous year, while the operating loss was ¥0 million, compared with operating profit of ¥25 million in the same quarter of the previous year.」
Sales focused on lower-priced products for mass-market and kei cars. Although net sales increased, operating profit turned into a loss from a profit in the previous year. - FY2018WorsenedAnnual report
「Sales in Japan and overseas remained weak because lower-priced products, including a higher proportion of floor mats for kei cars, accounted for most sales, and the profit margin deteriorated. As a result, net sales were ¥1,909 million, a decrease of ¥59 million (3.0%) from the previous consolidated fiscal year, while operating profit was ¥47 million, a decrease of ¥189 million (79.9%).」
The higher proportion of lower-priced products caused the profit margin to deteriorate, resulting in lower net sales and a 79.9% decline in operating profit in the mat business. - FY2018-Q3WorsenedAnnual report
「Sales in Japan and overseas remained weak because lower-priced products, including a higher proportion of floor mats for kei cars, accounted for most sales. As a result, net sales were ¥1,463 million, a decrease of ¥119 million (7.6%) from the same quarter of the previous year, while operating profit was ¥64 million, a decrease of ¥159 million (71.3%).」
Against a backdrop of a higher proportion of lower-priced products, the mat business reported lower net sales on a cumulative third-quarter basis, and the decline in operating profit widened. - FY2018-Q2WorsenedAnnual report
「Although shipment volumes in Japan and overseas exceeded those in the same quarter of the previous year, sales remained weak because lower-priced products, including a higher proportion of floor mats for kei cars, accounted for most sales. As a result, net sales were ¥983 million, a decrease of ¥101 million (9.4%) from the same quarter of the previous year, while operating profit was ¥58 million, a decrease of ¥95 million (62.0%).」
Although shipment volumes increased, the higher proportion of lower-priced products, including products for kei cars, resulted in lower net sales and a substantial decline in operating profit in the mat business. - FY2018-Q1WorsenedAnnual report
「Domestic and overseas sales consisted mainly of mats for existing vehicles, as there was no demand for mats for new vehicles. As a result, net sales were ¥463 million, a decrease of ¥117 million (20.2%) from the same quarter of the previous year, while operating profit was ¥25 million, a decrease of ¥53 million (67.2%).」
With no demand for mats for new vehicles, sales were limited to mats for existing vehicles, resulting in lower net sales and operating profit in Japan and overseas. - FY2017AdvancedAnnual report
「Sales of mats for new vehicle models in the premium category remained strong. As a result, net sales were ¥1,969 million, an increase of ¥10 million (0.5%) from the previous consolidated fiscal year, while operating profit was ¥236 million, an increase of ¥112 million (91.3%).」
The mat business posted higher net sales and substantially higher operating profit for the full year, driven by sales for new vehicle models in the premium category. - FY2017-Q3AdvancedAnnual report
「In Japan, new low-priced products contributed in addition to premium products, while sales in Southeast Asia rose significantly. As a result, net sales were ¥1,583 million, an increase of ¥152 million (10.7%) from the same quarter of the previous year, while operating profit was ¥223 million, an increase of ¥155 million (225.5%).」
In Japan, new low-priced products contributed in addition to premium products, while higher earnings in Southeast Asia drove further growth in net sales and operating profit in the mat business. - FY2017-Q2AdvancedAnnual report
「Sales of premium mats for new vehicle models in Japan remained strong, while overseas sales also performed steadily. As a result, net sales were ¥1,084 million, an increase of ¥175 million (19.3%) from the same quarter of the previous year, while operating profit was ¥154 million, an increase of ¥125 million (436.5%).」
In addition to strong domestic sales of premium products, overseas sales also performed steadily, driving higher net sales and operating profit in the cumulative second quarter. - FY2017-Q1First statedAnnual report
「Domestic sales in the mat business remained strong, and the sales mix of premium products increased. As a result, net sales were ¥580 million, an increase of ¥98 million (20.6%) from the same quarter of the previous year, while operating profit was ¥79 million, an increase of ¥59 million (313.9%).」
The mat business delivered higher net sales and operating profit, driven by strong domestic sales and a higher sales mix of premium products.