Turning the Philippines Business Profitable Through Yield Management and Cost Reductions
First written in FY2017-Q1. 21 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-09-14.
The whole theme swung hardest in 2022: 4 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Revenue from external customers 1,805,469 Segment profit 165,930」
The Philippines segment increased from revenue of ¥1,556.389 million and segment profit of ¥119.315 million in the previous period to revenue of ¥1,805.469 million and segment profit of ¥165.930 million. Profitability is improving as revenue and profit increase. - FY2025WorsenedAnnual report
「Orders, particularly in the automotive sector, remained firm and revenue increased, but profitability declined due mainly to soaring raw material prices. As a result, revenue was ¥3,177 million, up 9.2% year on year, and operating profit was ¥243 million, down 30.0%.」
The Philippines business reported higher revenue from automotive-related orders, while operating profit fell 30.0% year on year due mainly to soaring raw material prices, resulting in deteriorating profitability. - FY2025-H1WorsenedAnnual report
「Revenue from external customers 1,556,389 Segment profit 119,315」
The Philippines segment reported higher revenue year on year, while segment profit declined from ¥210.563 million in the previous period to ¥119.315 million. - FY2024AdvancedAnnual report
「During the consolidated fiscal year, revenue increased due mainly to the recovery in orders, particularly in the automotive sector, which also led to a significant increase in profitability. As a result, revenue was ¥2,909 million, up 45.2% year on year, and operating profit was ¥347 million, up 335.7%.」
The Philippines business recorded revenue of ¥2,909 million, up 45.2% year on year, and operating profit of ¥347 million, up 335.7%, due to the recovery in automotive-related orders. Revenue and profit continued to increase from the previous consolidated fiscal year. - FY2024-Q3AdvancedAnnual report
「During the first nine months of the consolidated fiscal year, revenue increased due mainly to the recovery in orders, particularly in the automotive sector, which also led to a significant increase in profitability. As a result, revenue was ¥2,110 million, up 46.9% year on year, and operating profit was ¥296 million, up 487.6%.」
The Philippines business recorded revenue of ¥2,110 million, up 46.9% year on year, and operating profit of ¥296 million, up 487.6%, due to the recovery in automotive-related orders. Profit levels continued to improve following the increase in revenue and profit in the previous quarter. - FY2024-Q2AdvancedAnnual report
「During the first six months of the consolidated fiscal year, revenue increased due mainly to the recovery in orders, particularly in the automotive sector, which also led to a significant increase in profitability. As a result, revenue was ¥1,383 million, up 48.4% year on year, and operating profit was ¥210 million, up 498.1%.」
The Philippines business recorded revenue of ¥1,383 million, up 48.4% year on year, and operating profit of ¥210 million, up 498.1%, due to the recovery in automotive-related orders. Profit levels continued to improve following the increase in revenue and profit in the previous quarter. - FY2024-Q1AdvancedAnnual report
「During the first quarter of the consolidated fiscal year, revenue increased due mainly to the recovery in orders, particularly in the automotive sector, which also led to a significant increase in profitability. As a result, revenue was ¥610 million, up 31.6% year on year, and operating profit was ¥99 million, up 1,867.0%.」
The Philippines business recorded revenue of ¥610 million, up 31.6% year on year, and operating profit of ¥99 million, up 1,867.0%, due to the recovery in automotive-related orders. Profit levels continued to improve following the increases in revenue and profit in the previous consolidated fiscal year. - FY2023AdvancedAnnual report
「During the consolidated fiscal year, revenue increased due mainly to the recovery in orders, particularly for automotive-related products, and measures to improve profitability, including a review of the production structure, proved effective. As a result, revenue was ¥2,003 million, up 22.7% year on year, and operating profit was ¥79 million, up 18.6%.」
In the Philippines business, the recovery in orders for automotive-related products and the review of the production structure proved effective, resulting in revenue of ¥2,003 million and operating profit of ¥79 million. - FY2023-Q3AdvancedAnnual report
「② Philippines During the first nine months of the consolidated fiscal year, revenue increased due mainly to the recovery in orders, particularly for automotive-related products, and measures to improve profitability, including a review of the production structure, proved effective. As a result, revenue was ¥1,436 million, up 19.7% year on year, and operating profit was ¥50 million, up 100.9%.」
In the Philippines business, the recovery in orders for automotive-related products and measures to improve profitability, including a review of the production structure, proved effective, resulting in revenue of ¥1,436 million, up 19.7% year on year, and operating profit of ¥50 million, up 100.9%. - FY2023-Q2AdvancedAnnual report
「During the first six months of the consolidated fiscal year, revenue increased as orders, particularly for automotive-related products, recovered, and measures to improve profitability, including a review of the production structure, proved effective. As a result, revenue was ¥932 million, up 16.8% year on year, and operating profit was ¥35 million, up 8.7%.」
In the Philippines business, the recovery in orders for automotive-related products and measures to improve profitability, including a review of the production structure, proved effective, resulting in revenue of ¥932 million, up 16.8% year on year, and operating profit of ¥35 million, up 8.7%. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year, revenue increased in yen terms, due mainly to the increase in yen-converted amounts resulting from the weaker yen. However, revenue in US dollar terms declined slightly because the recovery in orders, particularly for automotive-related products, was delayed. Although we pursued measures to improve profitability, including reviewing the production structure, we were affected by higher costs resulting from the advance hiring of personnel and rising energy prices. As a result, revenue was ¥463 million, up 9.6% year on year, and operating profit was ¥5 million, down 81.3%.」
Although the weaker yen increased yen-denominated revenue from the Philippines business, operating profit fell 81.3% year on year to ¥5 million due to the delayed recovery in automotive-related orders, higher personnel costs from advance hiring, and rising energy prices, resulting in deteriorating profitability. - FY2022AdvancedAnnual report
「During the consolidated fiscal year, we pursued measures to improve profitability, including strengthening order-taking activities focused on automotive-related products and reviewing the production structure. As a result, revenue was ¥1,633 million, up 15.0% year on year, and operating profit was ¥67 million, up 116.7%.」
In the Philippines business, efforts to strengthen order-taking activities for automotive-related products and review the production structure resulted in revenue of ¥1,633 million, up 15.0% year on year, and operating profit of ¥67 million, up 116.7%. - FY2022-Q3AdvancedAnnual report
「② Philippines During the first nine months of the current fiscal year, we pursued profitability improvement activities, including strengthening order activity centered on automotive-related products and reviewing the production structure. As a result, net sales were ¥1,199 million, up 16.5% year on year, and operating profit was ¥25 million, up 8.2%.」
Strengthening order-taking activities for automotive-related products and reviewing the production structure resulted in a 16.5% year-on-year increase in revenue from the Philippines business, operating profit of ¥25 million, and an 8.2% year-on-year increase in operating profit. - FY2022-Q2AdvancedAnnual report
「During the first six months of the current fiscal year, we pursued profitability improvement activities, including strengthening order activity centered on automotive-related products and reviewing the production structure. As a result, net sales were ¥798 million, up 22.7% year on year, and operating profit was ¥32 million, up 18,828.9%.」
Through stronger automotive-related order activity and a review of the production structure, the Philippines business recorded a 22.7% year-on-year increase in net sales and secured operating profit of ¥32 million. The profit level improved from operating profit of ¥0 million in the year-earlier period. - FY2022-Q1AdvancedAnnual report
「② Philippines During the first quarter of the current fiscal year, we pursued profitability improvement activities, including strengthening order activity centered on automotive-related products and reviewing the production structure. As a result, net sales were ¥423 million, up 46.9% year on year, and operating profit was ¥26 million, compared with an operating loss of ¥18 million in the year-earlier period.」
Through stronger automotive-related order activity and a review of the production structure, the Philippines business recorded a 46.9% year-on-year increase in net sales and moved from an operating loss of ¥18 million to operating profit of ¥26 million. - FY2021AdvancedAnnual report
「During the current consolidated fiscal year, we worked to strengthen order activity, centered on automotive-related products, which were on a recovery trend, and pursued profitability improvement activities. As a result, net sales were ¥1,420 million, up 30.7% year on year, and operating profit was ¥31 million, up 257.6%.」
The Philippines business recorded higher net sales and substantially higher profit through automotive-related order activity and profitability improvement activities. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, we worked to strengthen order activity, centered on automotive-related products, which were on a recovery trend, and enhance our production structure. However, deterioration in key material costs and other factors occurred, and we continued profitability improvement activities focused on key material costs to restore earnings power. As a result, net sales were ¥1,029 million, up 12.3% year on year, and operating profit was ¥23 million, down 61.0%.」
Efforts to strengthen automotive-related order activity and enhance the production structure resulted in a 12.3% year-on-year increase in net sales. Meanwhile, operating profit was ¥23 million, down 61.0% year on year, due to deterioration in key material costs and other factors, and profitability improvement activities are continuing. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, automotive-related orders were recovering, but deterioration in key material costs and other factors occurred. We worked on profitability improvement activities centered on key material costs with the aim of enhancing earnings power. As a result, net sales were ¥650 million, up 2.5% year on year, and operating profit was ¥0 million, down 99.6%.」
Although automotive-related orders were recovering, operating profit was ¥0 million due to deterioration in key material costs and other factors, down 99.6% year on year. Profitability improvement activities are continuing, but the profit level has declined substantially. - FY2021-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, we actively pursued orders, particularly for automotive products, for which demand was recovering, and worked to rapidly transition to normal operations following the easing of operating restrictions introduced in the fourth quarter of the previous fiscal year as measures against the spread of COVID-19. As a result, net sales were ¥287 million, up 4.6% year on year, and operating loss was ¥18 million, compared with an operating loss of ¥19 million in the year-earlier period.」
The recovery in automotive demand and easing of operating restrictions resulted in a 4.6% year-on-year increase in net sales, while the operating loss narrowed slightly from ¥19 million to ¥18 million. However, the operating loss continued. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, demand for automotive products remained sluggish, and operating restrictions were implemented in the fourth quarter as measures against COVID-19. Consequently, net sales declined substantially from the year-earlier period, but we secured full-year operating profitability through improvement activities focused mainly on key materials. As a result, net sales were ¥1,086 million, down 19.6% year on year, and operating profit was ¥8 million, down 88.3%.」
The Philippines business maintained full-year operating profitability, but net sales declined 19.6% and operating profit declined 88.3% due to sluggish automotive demand and operating restrictions. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, spot orders declined from the year-earlier period and demand for automotive components also languished. We conducted cost improvement activities focused mainly on key materials. As a result, net sales were ¥916 million, down 15.8% year on year, and operating profit was ¥59 million, down 40.7%.」
The Philippines business continued to face sluggish spot orders and demand for automotive components. Although it conducted cost improvement activities focused mainly on key materials, net sales declined 15.8% year on year and operating profit declined 40.7%. - FY2020-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, spot orders declined from the year-earlier period, while component demand for automotive products also languished. We worked to improve profitability, focusing on yield improvement activities, with the aim of enhancing earnings power. As a result, net sales were ¥634 million, down 15.5% year on year, and operating profit was ¥40 million, down 55.8%.」
The Philippines business continued to face fewer spot orders and sluggish component demand for automotive products. Although yield improvement activities continued, net sales declined 15.5% year on year and operating profit declined 55.8%. - FY2020-Q1WorsenedAnnual report
「③ Philippines During the first quarter of the current fiscal year, spot orders declined from the previous fiscal year, while component demand for automotive products also languished. We worked to improve profitability, focusing on yield improvement activities, with the aim of enhancing earnings power. As a result, net sales were ¥275 million, down 24.1% year on year, and operating loss was ¥19 million, compared with operating profit of ¥16 million in the year-earlier period.」
The Philippines business recorded a 24.1% year-on-year decline in net sales due to fewer spot orders and sluggish component demand for automotive products, moving from operating profit of ¥16 million in the year-earlier period to an operating loss of ¥19 million. Profitability improvement activities, centered on yield improvement, are continuing. - FY2019AdvancedAnnual report
「During the current consolidated fiscal year, orders, particularly in the automotive sector, remained strong in the first half, and we actively secured spot orders, achieving high levels of net sales and operating profit above the year-earlier period. In the second half, however, component demand in the automotive sector languished and spot orders also declined, resulting in full-year net sales and operating profit at approximately the same levels as in the previous fiscal year. As a result, net sales were ¥1,351 million, up 5.4% year on year, and operating profit was ¥74 million, up 7.5%.」
Although automotive demand and spot orders languished in the second half, the Philippines business secured full-year net sales of ¥1,351 million and operating profit of ¥74 million, up 7.5% year on year. - FY2019-Q3AdvancedAnnual report
「During the first nine months of the current fiscal year, component demand remained steady, particularly for automotive products, and profitability improved significantly as a result of ongoing yield improvement activities addressing the factor behind deteriorating profitability in the year-earlier period. We achieved operating profit. As a result, net sales were ¥1,089 million, up 15.6% year on year, and operating profit was ¥100 million, up 161.0%.」
The Philippines business secured net sales of ¥1,089 million, up 15.6% year on year, and operating profit of ¥100 million through continued yield improvement activities. Operating profit was up 161.0% year on year and also increased from the previous quarter. - FY2019-Q2AdvancedAnnual report
「Component demand remained steady, particularly for automotive products, and profitability improved significantly as a result of ongoing yield improvement activities addressing the factor behind deteriorating profitability in the year-earlier period. We achieved a high level of operating profit. As a result, net sales were ¥750 million, up 19.9% year on year, and operating profit was ¥90 million, compared with an operating loss of ¥10 million in the year-earlier period.」
The Philippines business continued its yield improvement activities, moving from an operating loss of ¥10 million in the year-earlier period to operating profit of ¥90 million, with net sales up 19.9% year on year. Profit also increased from operating profit of ¥16 million in the previous quarter. - FY2019-Q1RestatedAnnual report
「③ Philippines During the first quarter of the current fiscal year, component demand remained steady, particularly for automotive products, and yields, which had been a factor behind deteriorating profitability in the year-earlier period, improved. As a result, we achieved operating profitability. Net sales were ¥362 million, up 12.1% year on year, and operating profit was ¥16 million, compared with an operating loss of ¥6 million in the year-earlier period.」
The yield improvements and return to operating profitability observed through the previous quarter continued during the quarter, with the business moving from an operating loss of ¥6 million in the year-earlier period to operating profit of ¥16 million. This was reported as the continuation of profitability, rather than the achievement of a new stage. - FY2018-Q3AdvancedAnnual report
「During the first nine months of the current fiscal year, component demand remained steady, particularly for automotive products. Yields, which had been a factor behind deteriorating profitability in the first half, also improved during the third quarter, resulting in a return to operating profitability during the first nine months. As a result, net sales were ¥942 million, down 0.2% year on year, and operating profit was ¥38 million, down 64.9%.」
Yields, which had been a factor behind deteriorating profitability in the first half, improved during the third quarter, and the Philippines business returned to operating profitability. Operating profit was ¥38 million, down 64.9% year on year. - FY2018-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, component demand remained steady, particularly for automotive products, and net sales were secured at approximately the same level as in the year-earlier period. However, temporary yield declines in some manufacturing processes prevented us from securing operating profit during the period. As a result, net sales were ¥625 million, up 0.8% year on year, and operating loss was ¥10 million, compared with operating profit of ¥70 million in the year-earlier period.」
Although automotive demand and net sales remained steady, operating profit could not be secured due to a temporary decline in yields in some processes, deteriorating from operating profit of ¥70 million in the year-earlier period to an operating loss of ¥10 million. - FY2018-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, orders remained strong, particularly for automotive products, and net sales exceeded the year-earlier level. However, yields declined in some manufacturing processes, preventing us from securing operating profit during the period. As a result, net sales were ¥323 million, up 10.5% year on year, and operating loss was ¥6 million, compared with operating profit of ¥30 million in the year-earlier period.」
Although automotive orders and net sales increased, operating profit could not be secured due to lower yields in some processes, deteriorating from operating profit of ¥30 million in the year-earlier period to an operating loss of ¥6 million. - FY2017RestatedAnnual report
「③ Philippines During the current consolidated fiscal year, we strengthened our earnings structure by thoroughly managing yields in the plating process, which had been the primary cause of deteriorating profitability in the previous fiscal year, and working to reduce costs through improved productivity. Although net sales declined year on year, we secured operating profit above the year-earlier level. As a result, net sales were ¥1,279 million, down 6.1% year on year, and operating profit was ¥97 million, up 5.5%.」
The Philippines business continued to manage yields and reduce costs through improved productivity. Although net sales declined, it secured operating profit of ¥97 million, up 5.5% year on year. - FY2017-Q3AdvancedAnnual report
「During the first nine months of the current fiscal year, we strengthened our earnings structure by thoroughly managing yields in the plating process, which had been the primary cause of deteriorating profitability in the previous fiscal year, and working to reduce costs through improved productivity. Although net sales declined year on year, we secured operating profit above the year-earlier level. As a result, net sales were ¥943 million, down 8.8% year on year, and operating profit was ¥109 million, up 42.2%.」
We continued to thoroughly manage yields in the plating process and reduce costs through improved productivity. Operating profit was ¥109 million, up 42.2% year on year, representing further profit growth following the strengthening of the earnings structure in the previous quarter. - FY2017-Q2AdvancedAnnual report
「During the first six months of the current fiscal year, we strengthened our earnings structure by thoroughly managing yields in the plating process, which had been the primary cause of deteriorating profitability in the previous fiscal year, and working to reduce costs through improved productivity. Although net sales declined year on year, we secured operating profit above the year-earlier level. As a result, net sales were ¥620 million, down 18.3% year on year, and operating profit was ¥70 million, up 188.3%.」
We continued to thoroughly manage yields in the plating process and reduce costs through improved productivity, strengthening the earnings structure of the Philippines business. Operating profit was ¥70 million, up 188.3% year on year, representing further profit growth following the return to profitability in the previous quarter. - FY2017-Q1First statedAnnual report
「During the first quarter of the current fiscal year, we achieved a return to profitability despite lower net sales year on year by thoroughly managing yields in the plating process, which had been the primary cause of deteriorating profitability in the previous fiscal year, and working to reduce costs by improving productivity.」
As a result of thoroughly managing yields in the plating process, which had been the primary cause of deteriorating profitability in the previous fiscal year, and pursuing cost reductions through improved productivity, the Philippines business achieved a return to profitability.