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Inaba Seisakusho (3421) · FactAdvanced

Improving the profitability of the office furniture business

First written in FY2018. 16 of 29 entries say "Advanced", first in FY2019-Q1. Latest entry: 2026-09-11.

29entries
9years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2020-Q2 – FY2021-Q3WorsenedFY2024-Q1 – FY20252018: 22019: 320192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Performance Trends in the Office-Related BusinessA theme 9 companies write about · 3 as a headwind · 5 as a tailwind

Inaba Seisakusho moved to the "Worse" side of this theme in 2024.

The whole theme swung hardest in 2020: 2 of 7 companies on the "Worse" side.

3 other companies' latest entry also says "Advanced".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「Revenue was ¥6,138 million, up 7.5% year on year, and segment profit was ¥138 million, compared with a loss of ¥69 million in the same period of the previous year.」

    The office furniture business generated higher revenue, and segment earnings shifted from a loss of ¥69 million in the same period of the previous year to a profit of ¥138 million.
  2. FY2025WorsenedAnnual report

    「As a result, revenue was ¥12,687 million, down 3.7% from the previous fiscal year, and segment profit was ¥318 million, down 12.5%.」

    Although market demand for relocations and refurbishments was strong, orders stalled due to price competition, resulting in lower revenue and profit in the office furniture business.
  3. FY2025-H1WorsenedAnnual report

    「As a result, revenue was ¥5,711 million, down 5.5% year on year, and the segment recorded a loss of ¥69 million, compared with a loss of ¥13 million in the same period of the previous year.」

    The office furniture business saw lower revenue, and the segment loss widened from ¥13 million in the same period of the previous year to ¥69 million. The company also cites stalled order acquisition due to price competition.
  4. FY2024WorsenedAnnual report

    「Demand for office renovations remained firm in the office furniture business. …As a result, revenue was ¥13,175 million, up 6.8% from the previous fiscal year, and segment profit was ¥364 million, down 35.1%.」

    Although the office furniture business generated higher revenue, segment profit declined from ¥561 million in the previous fiscal year to ¥364 million.
  5. FY2024-Q3WorsenedAnnual report

    「As a result, revenue was ¥10,250 million, up 7.2% year on year, and segment profit was ¥442 million, down 22.6% year on year.」

    Although the office furniture business generated higher revenue, segment profit declined 22.6% year on year, from ¥572 million to ¥442 million.
  6. FY2024-Q2WorsenedAnnual report

    「The segment recorded a loss of ¥13 million, compared with a profit of ¥81 million in the same period of the previous year, due to the impact of a higher cost ratio resulting from increased processing costs and other factors. Earnings declined by ¥94 million year on year.」

    Although the office furniture business generated higher revenue, segment earnings shifted from a profit of ¥81 million in the same period of the previous year to a loss of ¥13 million due to the higher cost ratio resulting from increased processing costs and other factors.
  7. FY2024-Q1WorsenedAnnual report

    「The office furniture business generated revenue of ¥3,114 million, up 14.9% year on year, an increase of ¥403 million from the same period of the previous year. Segment earnings were a loss of ¥38 million, compared with a profit of ¥21 million in the same period of the previous year, a ¥60 million decline year on year due to lower gross profit and higher personnel expenses and other costs.」

    Although the office furniture business generated higher revenue, segment earnings shifted from a profit of ¥21 million in the same period of the previous year to a loss of ¥38 million due to lower gross profit and higher personnel expenses and other costs.
  8. FY2023AdvancedAnnual report

    「The office furniture business reported revenue of ¥12,341 million, up 12.9% from the previous fiscal year, and segment profit of ¥561 million, compared with profit of ¥43 million in the previous fiscal year.」

    The office furniture business generated higher revenue, and segment profit increased by ¥518 million from ¥43 million to ¥561 million. Improved selling prices, a lower cost ratio and the resulting increase in gross profit from higher sales contributed to improved profitability.
  9. FY2023-Q3AdvancedAnnual report

    「The office furniture business reported revenue of ¥9,561 million, up 14.9% year on year, and segment profit of ¥572 million, compared with profit of ¥50 million in the same period of the previous year. Revenue increased by ¥1,238 million and profit increased by ¥521 million year on year.」

    The office furniture business generated higher revenue, and segment profit increased from ¥50 million in the same period of the previous year to ¥572 million. The company describes improved profitability from price pass-through, production and logistics cost reductions, and higher sales.
  10. FY2023-Q2AdvancedAnnual report

    「The office furniture business reported revenue of ¥5,499 million, up 13.8% year on year, and segment profit of ¥81 million, compared with a loss of ¥203 million in the same period of the previous year. Revenue increased by ¥666 million year on year due to improved selling prices and other factors. Profit increased by ¥285 million year on year because the increase in gross profit resulting from higher sales and a lower cost ratio absorbed the increase in selling, general and administrative expenses, including higher personnel expenses.」

    The office furniture business generated higher revenue due to improved selling prices and other factors, and segment earnings shifted from a loss of ¥203 million in the same period of the previous year to a profit of ¥81 million. The increase in gross profit from a lower cost ratio and higher sales absorbed the increase in selling, general and administrative expenses.
  11. FY2023-Q1AdvancedAnnual report

    「The office furniture business reported revenue of ¥2,711 million, up 9.2% year on year, and segment profit of ¥21 million, compared with a loss of ¥26 million in the same period of the previous year. Revenue increased by ¥228 million year on year due to the effect of price revisions. Profit increased by ¥48 million year on year because the increase in gross profit resulting from higher sales and other factors absorbed the increase in selling, general and administrative expenses, including personnel expenses.」

    The office furniture business generated higher revenue due to the effect of price revisions and other factors, and segment earnings shifted from a loss of ¥26 million in the same period of the previous year to a profit of ¥21 million.
  12. FY2022WorsenedAnnual report

    「The office furniture business reported full-year revenue of ¥10,933 million, down 4.4% from the previous fiscal year, and segment profit of ¥43 million, down 89.0%. Although the company actively developed proposal-based sales, revenue declined due to the pullback from large projects related to the “GIGA School Initiative” recorded in the same period of the previous year. Profit declined due to lower sales and deteriorating profit margins.」

    The office furniture business saw full-year revenue decline, while segment profit fell sharply from ¥391 million to ¥43 million.
  13. FY2022-Q3WorsenedAnnual report

    「Profit declined due to lower sales and deteriorating profit margins.」

    The office furniture business saw lower revenue due to the pullback from large projects related to the GIGA School Initiative, while deteriorating profit margins also contributed to an 89.3% year-on-year decline in profit.
  14. FY2022-Q2WorsenedAnnual report

    「For the cumulative second quarter of the current consolidated fiscal year, revenue was ¥4,833 million, down 12.9% year on year, and the segment recorded a loss of ¥203 million, compared with a profit of ¥148 million in the same period of the previous year. Revenue declined from the same period of the previous year due in part to the pullback from large projects related to the “GIGA School Initiative” recorded in the previous period. Profit declined year on year due to lower sales and deteriorating profit margins.」

    The office furniture business saw lower revenue due to the pullback from large projects related to the GIGA School Initiative and other factors, while segment earnings deteriorated from a profit of ¥148 million in the same period of the previous year to a loss of ¥203 million.
  15. FY2022-Q1WorsenedAnnual report

    「The office furniture business reported revenue of ¥2,482 million, up 0.2% year on year, and a segment loss of ¥26 million, compared with a loss of ¥18 million in the same period of the previous year. Profit declined from the same period of the previous year due to higher personnel expenses and other factors.」

    Office furniture revenue increased only slightly, while the segment loss widened from ¥18 million to ¥26 million due to higher personnel expenses and other factors.
  16. FY2021-Q3AdvancedAnnual report

    「As a result, revenue increased by ¥712 million from the same period of the previous year to ¥9,238 million, up 8.4% year on year. Segment profit increased by ¥343 million to ¥472 million, up 267.6% year on year, due to higher sales and improved gross margins.」

    The office furniture business generated higher revenue, and segment profit increased from ¥128 million in the same period of the previous year to ¥472 million. Profitability improved further due to higher sales and improved gross margins.
  17. FY2021-Q2AdvancedAnnual report

    「As a result, segment revenue was ¥5,548 million, up 11.2% year on year, an increase of ¥559 million from the same period of the previous year. Segment profit was ¥148 million, compared with a loss of ¥106 million in the same period of the previous year, an increase of ¥254 million year on year due to higher sales and improved gross margins.」

    The office furniture business generated higher revenue, and segment earnings shifted from a loss of ¥106 million in the same period of the previous year to a profit of ¥148 million. The company cites higher sales and improved gross margins as factors.
  18. FY2021-Q1AdvancedAnnual report

    「Segment loss improved by ¥49 million year on year to ¥18 million, compared with a loss of ¥67 million in the same period of the previous year, due to higher sales and lower costs.」

    Office furniture revenue increased, and the segment loss narrowed from ¥67 million in the same period of the previous year to ¥18 million.
  19. FY2020AdvancedAnnual report

    「Segment profit increased to ¥137 million from ¥97 million in losses in the previous fiscal year, driven by price revisions and controls on selling, general and administrative expenses, among other factors, improving profitability.」

    Office furniture segment profit shifted from a loss of ¥97 million in the previous fiscal year to a profit of ¥137 million, indicating progress in improving profitability.
  20. FY2020-Q3AdvancedAnnual report

    「In the office furniture business, the company continued to actively propose new office environments in response to workplace reforms and growing interest in health, but revenue declined from the same period of the previous year. Profit increased year on year because the increase in gross profit resulting from price revisions implemented in the second half of the previous consolidated fiscal year absorbed the increase in selling, general and administrative expenses caused by higher personnel expenses to strengthen sales capabilities. The business reported revenue of ¥8,526 million, down 2.1% year on year, and segment profit of ¥128 million, up 935.9% year on year.」

    Although office furniture revenue declined, the increase in gross profit from price revisions in the second half of the previous consolidated fiscal year absorbed the increase in selling, general and administrative expenses, improving segment profit to ¥128 million, up 935.9% year on year.
  21. FY2020-Q2AdvancedAnnual report

    「In the office furniture business, the company continued to actively propose new office environments in response to workplace reforms and growing interest in health, but revenue declined from the same period of the previous year. In terms of earnings, profit margins improved as a result of efforts toward rationalization and cost reductions, and the loss narrowed from the same period of the previous year. The business reported revenue of ¥4,989 million, down 1.7% year on year, and a segment loss of ¥106 million, compared with a segment loss of ¥223 million in the same period of the previous year.」

    Although office furniture revenue declined, the segment loss narrowed from ¥223 million to ¥106 million due to rationalization and cost reductions, improving profit margins.
  22. FY2020-Q1WorsenedAnnual report

    「In the first quarter of the current consolidated fiscal year, the segment reported revenue of ¥2,439 million, down 3.8% year on year, and a segment loss of ¥67 million, compared with a segment loss of ¥64 million in the same period of the previous year.」

    Office furniture revenue declined, and the segment loss widened from ¥64 million to ¥67 million. The company cites price competition, weakening demand for secondary relocations and higher personnel expenses.
  23. FY2019-Q3WorsenedAnnual report

    「The segment reported revenue of ¥8,712 million, up 1.7% year on year, and segment profit of ¥12 million, down 83.8% year on year.」

    The office furniture business generated higher revenue, but segment profit fell sharply from ¥76 million in the same period of the previous year to ¥12 million. The company cites higher costs associated with opening new sales locations, system investments and new product sales.
  24. FY2019-Q2AdvancedAnnual report

    「The segment reported revenue of ¥5,076 million, up 6.4% year on year, and a segment loss of ¥223 million, compared with a segment loss of ¥232 million in the same period of the previous year.」

    Office furniture revenue increased 6.4% year on year, while the segment loss narrowed from ¥232 million to ¥223 million.
  25. FY2019-Q1AdvancedAnnual report

    「As a result, the segment reported revenue of ¥2,537 million, up 7.7% year on year, and a segment loss of ¥64 million, compared with a segment loss of ¥106 million in the same period of the previous year. Revenue and profit both increased from the cumulative second quarter of the previous year due to improved profit margins resulting from higher sales and cost reductions.」

    Office furniture revenue increased 7.7% year on year, while the segment loss narrowed from ¥106 million to ¥64 million. The company describes improved profit margins from higher sales and cost reductions.
  26. FY2018First statedAnnual report

    「As a result, the segment reported revenue of ¥11,342 million, up 6.9% from the previous fiscal year, and segment profit of ¥85 million, compared with a segment loss of ¥54 million in the previous fiscal year. Both revenue and profit increased from the previous consolidated fiscal year.」

    The office furniture business generated higher revenue, and segment profit shifted from a loss of ¥54 million in the previous fiscal year to a profit of ¥85 million.
Moved together

"Revenue and profit growth and improved profit margins" moved the same way as this thread, in the same document, in 17 of its 29 moves.

171511888★123456
  1. ★This thread
  2. 1Revenue and profit growth and improved profit margins17×
  3. 2Improving Capital Efficiency and Building a More Profitable Corporate Structure15×
  4. 3Cash generated from operating activities11×
  5. 4Uncertainty arising from overseas economic conditions, resource prices, exchange rates and stock prices8×
  6. 5Strengthening the Supply Capacity and Improving Productivity of Steel Storage Sheds8×
  7. 6Surging Prices of Raw Materials, Including Steel Sheet8×

★ 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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No upcoming earnings preview for Inaba Seisakusho yet. It last moved in the Earnings of 2026-09-11: "Advanced".
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Improving the profitability of the office furniture business | INABA SEISAKUSHO Co.,Ltd. (3421) | Komori