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Toell (3361) · FactLower revenue, higher operating profit and a significant recovery in net profit

Securing operating profit despite declining sales

First written in FY2016. 15 of 36 entries say "Restated". Latest entry: FY2026.

36entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q3 – FY2022-Q2OtherFY2024-Q1 – FY20262016: 320162017: 420172018: 320182019: 420192020: 420202021: 420212022: 420222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Profit Growth Despite Revenue DeclineA theme 29 companies write about · 1 as a headwind · 35 as a tailwind

The whole theme swung hardest in 2020: 7 of 15 companies on the "Worse" side.

7 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 29 companies compared. The sentences above are computed from all 29.
Full recordFilings, disclosures and news, newest first
  1. FY2026Lower revenue, higher operating profit and a significant recovery in net profitAnnual report

    「As a result, net sales for the current consolidated fiscal year were ¥27,039 million, down 1.3% from the previous consolidated fiscal year, operating income was ¥1,982 million, up 2.4%, ordinary income was ¥2,455 million, up 8.4%, and net income attributable to owners of the parent was ¥1,612 million, up 91.6%.」

    Overall, sales declined, while operating income and ordinary income increased, and net income attributable to owners of the parent rose 91.6% from the previous fiscal year, when the founder's special service payment was recorded.
  2. 2026-06-11OtherRevision of earnings forecasts

    「As a result, net sales for the current consolidated fiscal year were ¥27,039 million, down 1.3% from the previous consolidated fiscal year, operating income was ¥1,982 million, up 2.4%, ordinary income was ¥2,455 million, up 8.4%, and net income attributable to owners of the parent was ¥1,612 million, up 91.6%.」

    Net sales declined, while operating income, ordinary income and net income attributable to owners of the parent increased.
  3. FY2026-H1Lower sales and lower earnings, with recovery in interim net incomeAnnual report

    「As a result, for the six months, net sales were ¥11,588 million, down 2.2% year on year; operating income was ¥484 million, down 32.4%; ordinary income was ¥736 million, down 23.1%; and interim net income attributable to owners of the parent was ¥499 million, compared with an interim net loss attributable to owners of the parent of ¥29 million in the prior-year period.」

    Interim net income recovered from an interim net loss in the prior-year period, while net sales, operating income and ordinary income were below the prior-year period, resulting overall in lower sales and lower earnings.
  4. FY2025Higher sales but lower earnings, with lower net incomeAnnual report

    「As a result, for the fiscal year, net sales were ¥27,388 million, up 1.1% year on year; operating income was ¥1,936 million, down 15.2%; and ordinary income was ¥2,265 million, down 20.9%. In addition, because a founder's special service payment was recorded as an extraordinary loss in the first quarter, net income attributable to owners of the parent was ¥841 million, down 61.4% year on year.」

    For the full year, net sales increased 1.1%, while operating income fell 15.2%, ordinary income fell 20.9% and net income attributable to owners of the parent fell 61.4%.
  5. FY2025-H1Higher sales but lower earnings, with an interim net lossAnnual report

    「As a result, for the six months, net sales were ¥11,848 million, up 3.6% year on year; operating income was ¥717 million, down 9.5%; and ordinary income was ¥958 million, down 14.0%. In addition, because a ¥995 million founder's special service payment was recorded as an extraordinary loss, the interim net loss attributable to owners of the parent was ¥29 million, compared with interim net income attributable to owners of the parent of ¥781 million in the prior-year period.」

    The period changed from higher sales and higher earnings in the prior-year period to higher sales but lower earnings, resulting in an interim net loss attributable to owners of the parent due to the founder's special service payment.
  6. FY2024-Q3RestatedAnnual report

    「As a result, for the first nine months, net sales were ¥19,145 million, down 6.1% year on year; operating income was ¥1,499 million, up 3.6%; ordinary income was ¥1,888 million, up 14.6%; and net income attributable to owners of the parent was ¥1,282 million, up 19.2%.」

    Net sales fell 6.1% year on year, while operating income, ordinary income and net income attributable to owners of the parent increased, continuing the pattern of securing earnings despite lower sales.
  7. FY2024-Q2RestatedAnnual report

    「As a result, for the first six months, net sales were ¥11,432 million, down 9.4% year on year; operating income was ¥793 million, up 19.3%; ordinary income was ¥1,114 million, up 12.4%; and net income attributable to owners of the parent was ¥781 million, up 10.8%.」

    For the first six months as well, net sales declined year on year, while operating income, ordinary income and net income attributable to owners of the parent increased, continuing the pattern of securing earnings despite lower sales.
  8. FY2024-Q1RestatedAnnual report

    「As a result, for the first quarter, net sales were ¥5,868 million, down 11.2% year on year; operating income was ¥432 million, up 11.5%; ordinary income was ¥554 million, up 7.4%; and net income attributable to owners of the parent was ¥373 million, up 8.0%.」

    Overall, net sales fell 11.2% year on year, while operating income, ordinary income and net income attributable to owners of the parent all increased, continuing the pattern of securing earnings despite lower sales.
  9. FY2023AdvancedAnnual report

    「As a result, for the fiscal year, net sales were ¥27,871 million, up 7.5% year on year; operating income was ¥2,140 million, up 26.8%; ordinary income was ¥2,452 million, up 12.8%; and net income attributable to owners of the parent was ¥1,586 million, up 49.9%.」

    Sales and earnings increased for the full year, with net sales up 7.5%, operating income up 26.8%, ordinary income up 12.8% and net income attributable to owners of the parent up 49.9%.
  10. FY2023-Q3AdvancedAnnual report

    「As a result, for the first nine months, net sales were ¥20,399 million, up 11.9% year on year; operating income was ¥1,447 million, up 35.7%; ordinary income was ¥1,647 million, up 28.9%; and net income attributable to owners of the parent was ¥1,075 million, up 31.5%.」

    For the first nine months, net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the prior-year period, and higher sales and higher earnings continued.
  11. FY2023-Q2AdvancedAnnual report

    「As a result, for the first six months, net sales were ¥12,618 million, up 18.2% year on year; operating income was ¥664 million, up 19.6%; ordinary income was ¥991 million, up 39.5%; and net income attributable to owners of the parent was ¥704 million, up 51.0%.」

    For the first six months, net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the prior-year period, and higher sales and higher earnings continued.
  12. FY2023-Q1AdvancedAnnual report

    「As a result, for the first quarter, net sales were ¥6,610 million, up 23.5% year on year; operating income was ¥387 million, up 7.6%; ordinary income was ¥516 million, up 24.8%; and net income attributable to owners of the parent was ¥345 million, up 39.2%.」

    In the first quarter, net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the prior-year period, resulting in higher sales and higher earnings.
  13. FY2022Higher sales and higher operating income, but lower net incomeAnnual report

    「As a result, for the fiscal year, net sales were ¥25,921 million, an increase of ¥3,455 million year on year; operating income was ¥1,688 million, an increase of ¥2 million; ordinary income was ¥2,175 million, an increase of ¥294 million; and net income attributable to owners of the parent was ¥1,058 million, a decrease of ¥153 million.」

    For the full year, revenue, operating profit and ordinary profit increased, while profit attributable to owners of the parent decreased.
  14. FY2022-Q3AdvancedAnnual report

    「As a result, for the first nine months, net sales were ¥18,235 million, an increase of ¥2,326 million year on year; operating income was ¥1,066 million, an increase of ¥40 million; ordinary income was ¥1,278 million, an increase of ¥189 million; and net income attributable to owners of the parent was ¥817 million, an increase of ¥175 million.」

    Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the levels in the same period of the previous fiscal year, resulting in higher revenue and higher profit.
  15. FY2022-Q2RestatedAnnual report

    「As a result, for the first six months, net sales were ¥10,677 million, an increase of ¥951 million compared with the previous fiscal year; operating income was ¥555 million, an increase of ¥30 million; ordinary income was ¥710 million, an increase of ¥167 million; and net income attributable to owners of the parent was ¥466 million, an increase of ¥154 million.」

    Net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the previous fiscal year, resulting in higher sales and higher earnings.
  16. FY2022-Q1Higher revenue and profitsAnnual report

    「As a result, for the first quarter, net sales were ¥5,354 million, an increase of ¥387 million year on year; operating income was ¥360 million, an increase of ¥39 million; ordinary income was ¥413 million, an increase of ¥84 million; and net income attributable to owners of the parent was ¥248 million, an increase of ¥55 million.」

    The first quarter changed from lower sales but higher earnings in the previous fiscal year to higher sales and higher operating income, ordinary income and net income attributable to owners of the parent in the current quarter.
  17. FY2021Shift to Lower Revenue and Higher ProfitAnnual report

    「As a result, for the fiscal year, net sales were ¥22,465 million, down 2.4% year on year; operating income was ¥1,686 million, up 18.7%; ordinary income was ¥1,880 million, up 21.1%; and net income attributable to owners of the parent was ¥1,211 million, up 21.8%.」

    The performance pattern changed from lower sales and lower earnings in the previous fiscal year to lower sales but higher operating income, ordinary income and net income attributable to owners of the parent in the current fiscal year.
  18. FY2021-Q3RestatedAnnual report

    「As a result, for the first nine months, net sales were ¥15,908 million, down 4.8% year on year; operating income was ¥1,025 million, up 34.4%; ordinary income was ¥1,088 million, up 30.2%; and net income attributable to owners of the parent was ¥641 million, up 27.1%.」

    Net sales fell 4.8% year on year, while operating income, ordinary income and net income attributable to owners of the parent all increased, continuing the pattern of lower sales but higher earnings.
  19. FY2021-Q2RestatedAnnual report

    「As a result, for the first six months, net sales were ¥9,725 million, down 6.0% year on year; operating income was ¥525 million, up 58.5%; ordinary income was ¥542 million, up 52.3%; and net income attributable to owners of the parent was ¥311 million, up 50.2%.」

    Net sales fell 6.0% year on year, while operating income, ordinary income and net income attributable to owners of the parent all increased, continuing the pattern of lower sales but higher earnings.
  20. FY2021-Q1Lower revenue, higher earningsAnnual report

    「As a result, for the first quarter, net sales were ¥4,966 million, down 9.1% year on year; operating income was ¥320 million, up 73.5%; ordinary income was ¥328 million, up 70.8%; and net income attributable to owners of the parent was ¥192 million, up 79.0%.」

    Net sales fell 9.1% year on year, while operating income, ordinary income and net income attributable to owners of the parent increased, resulting in lower sales but higher earnings.
  21. FY2020Lower revenue and profitAnnual report

    「As a result, for the fiscal year, net sales were ¥23,016 million, down 2.9% year on year; operating income was ¥1,421 million, down 12.7%; ordinary income was ¥1,553 million, down 11.4%; and net income attributable to owners of the parent was ¥994 million, down 12.3%.」

    Net sales, operating income, ordinary income and net income attributable to owners of the parent all declined, resulting in lower sales and lower earnings for the full year.
  22. FY2020-Q3RestatedAnnual report

    「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥16,714 million, down 2.5% year on year, operating profit was ¥763 million, down 17.1%, ordinary profit was ¥836 million, down 15.4%, and quarterly profit attributable to owners of the parent was ¥504 million, down 18.7%.」

    Revenue, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all declined year on year, and the performance pattern of lower revenue and lower profit continues.
  23. FY2020-Q2RestatedAnnual report

    「As a result, revenue for the second quarter of the current consolidated fiscal year was ¥10,340 million, down 3.6% year on year, operating profit was ¥331 million, down 21.3%, ordinary profit was ¥356 million, down 26.7%, and quarterly profit attributable to owners of the parent was ¥207 million, down 31.3%.」

    Revenue, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all declined year on year, and the performance pattern of lower revenue and lower profit continues.
  24. FY2020-Q1Lower revenue and profitAnnual report

    「As a result, revenue for the first quarter of the current consolidated fiscal year was ¥5,462 million, down 0.8% year on year, operating profit was ¥184 million, down 39.0%, ordinary profit was ¥192 million, down 43.9%, and quarterly profit attributable to owners of the parent was ¥107 million, down 49.2%.」

    Revenue, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all declined year on year, resulting in lower revenue and lower profit, unlike the previous pattern of higher revenue or securing profit despite declining revenue.
  25. FY2019RestatedAnnual report

    「Revenue was ¥23,709 million, up 2.1% year on year, operating profit was ¥1,627 million, down 7.1%, and ordinary profit was ¥1,752 million, down 12.1%.」

    The full year also confirmed a performance pattern of increasing revenue alongside declines in operating profit, ordinary profit and profit attributable to owners of the parent.
  26. FY2019-Q3RestatedAnnual report

    「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥17,143 million, up 3.3% year on year, operating profit was ¥921 million, down 12.6%, ordinary profit was ¥988 million, down 19.0%, and quarterly profit attributable to owners of the parent was ¥620 million, down 10.9%.」

    The performance pattern of increasing revenue alongside declines in operating profit, ordinary profit and quarterly profit attributable to owners of the parent continues.
  27. FY2019-Q2RestatedAnnual report

    「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥10,721 million, up 7.3% year on year, operating profit was ¥421 million, down 19.9%, ordinary profit was ¥485 million, down 27.4%, and quarterly profit attributable to owners of the parent was ¥302 million, down 10.8%.」

    The second quarter also confirmed a performance pattern of increasing revenue alongside declines in operating profit, ordinary profit and quarterly profit attributable to owners of the parent.
  28. FY2019-Q1RestatedAnnual report

    「As a result, revenue for the first quarter of the current consolidated fiscal year was ¥5,504 million, up 6.3% year on year, operating profit was ¥303 million, down 37.9%, ordinary profit was ¥342 million, down 38.3%, and quarterly profit attributable to owners of the parent was ¥211 million, down 42.7%.」

    The first quarter also confirmed a performance pattern of increasing revenue alongside declines in operating profit, ordinary profit and quarterly profit attributable to owners of the parent.
  29. FY2018-Q3Shift in the performance patternAnnual report

    「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥16,601 million, up 7.9% year on year, operating profit was ¥1,054 million, down 10.7%, ordinary profit was ¥1,220 million, down 7.0%, and quarterly profit attributable to owners of the parent was ¥696 million, down 15.4%.」

    The performance pattern has shifted from the previous pattern of securing profit despite declining revenue to one in which operating profit, ordinary profit and net profit decline despite increasing revenue.
  30. FY2018-Q2AdvancedAnnual report

    「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥9,992 million, up 5.1% year on year, operating profit was ¥526 million, up 1.2%, ordinary profit was ¥668 million, up 18.3%, and quarterly profit attributable to owners of the parent was ¥338 million, up 11.0%.」

    In the cumulative second quarter, revenue also increased 5.1% year on year, while operating profit, ordinary profit and quarterly profit attributable to owners of the parent all increased.
  31. FY2018-Q1AdvancedAnnual report

    「As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥5,180 million, up 3.2% year on year, operating profit was ¥488 million, up 62.5%, ordinary profit was ¥555 million, up 77.6%, and quarterly profit attributable to owners of the parent was ¥369 million, up 115.0%.」

    In the first quarter, revenue also increased 3.2% year on year, while operating profit, ordinary profit and quarterly profit attributable to owners of the parent increased 62.5%, 77.6% and 115.0%, respectively.
  32. FY2017AdvancedAnnual report

    「Revenue for the consolidated fiscal year was ¥21,906 million, down 3.5% year on year, operating profit was ¥1,964 million, up 4.8%, ordinary profit was ¥2,119 million, up 9.3%, and profit attributable to owners of the parent was ¥1,298 million, up 65.2%. Operating profit, ordinary profit and profit attributable to owners of the parent all reached record highs.」

    Revenue declined, while operating profit, ordinary profit and profit attributable to owners of the parent increased, reaching record highs in all 3 categories.
  33. FY2017-Q3RestatedAnnual report

    「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥15,386 million, down 6.2% year on year, operating profit was ¥1,180 million, up 16.9%, ordinary profit was ¥1,312 million, up 20.9%, and quarterly profit attributable to owners of the parent was ¥823 million, up 37.0%.」

    In the cumulative third quarter as well, the performance pattern continued, with revenue declining year on year while operating profit, ordinary profit and quarterly profit attributable to owners of the parent increased.
  34. FY2017-Q2RestatedAnnual report

    「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥9,507 million, down 8.9% year on year, operating profit was ¥520 million, up 16.9%, ordinary profit was ¥565 million, up 10.9%, and quarterly profit attributable to owners of the parent was ¥305 million, up 17.8%.」

    The cumulative second quarter also showed a performance pattern of declining revenue alongside increases in operating profit, ordinary profit and quarterly profit attributable to owners of the parent.
  35. FY2017-Q1RestatedAnnual report

    「As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥5,021 million, down 9.8% year on year, operating profit was ¥300 million, up 13.5%, ordinary profit was ¥313 million, down 7.6%, and quarterly profit attributable to owners of the parent was ¥171 million, down 9.8%.」

    The first quarter also showed a performance pattern of securing and increasing operating profit despite declining revenue.
  36. FY2016First statedAnnual report

    「Revenue for the consolidated fiscal year was ¥22,706 million, down 11.3% year on year, while operating profit was ¥1,874 million, up 3.0%.」

    The fiscal year ended April 2016 saw a decline in revenue, while operating profit increased.
Moved together

"Expanding and Growing the Water Business Foundation" moved the same way as this thread, in the same document, in 7 of its 36 moves.

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  1. ★This thread
  2. 1Expanding and Growing the Water Business Foundation7×
  3. 2Shareholder returns through share repurchases3×
  4. 3Uncertainty in the Overseas Economy and Business Environment Due to Developments Surrounding the Novel Infectious Disease3×
  5. 4Import Price and Exchange Rate Fluctuations and the Time Lag in Sales Price Revisions2×
  6. 5Aligning interests with shareholders and fostering a focus on corporate value through restricted stock compensation2×
  7. 6Consolidation of domestic water production at the Omachi plant2×

★ 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.

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Securing operating profit despite declining sales | Toell Co.,Ltd. (3361) | Komori