Sharp increase in net sales and decline in profit margins
First written in FY2016-Q2. 9 of 31 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026-H1.
First Brothers moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2020: 15 of 56 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2026-H1Substantial revenue and earnings growthAnnual report
「Net sales were ¥10,499 million, up 95.3% year on year; operating income was ¥2,735 million, up 240.8%; ordinary income was ¥2,334 million, up 573.3%; and interim net income attributable to owners of the parent was ¥2,437 million, up 988.3%.」
Net sales, operating income, ordinary income and interim net income attributable to owners of the parent all increased year on year, resulting in higher sales and profits with particularly strong profit growth. - FY2025Higher Revenue and Significantly Higher ProfitAnnual report
「Net sales were ¥19,063 million, up 13.0% year on year; operating income was ¥5,295 million, up 86.6%; ordinary income was ¥4,433 million, up 102.1%; and net income attributable to owners of the parent was ¥1,749 million, up 23.5%.」
Compared with the substantial declines in sales and profits in the previous fiscal year, full-year net sales increased 13.0%, operating income 86.6%, ordinary income 102.1%, and net income attributable to owners of the parent 23.5%. - FY2025-H1Higher sales and operating income, lower ordinary income and higher net incomeAnnual report
「Net sales were ¥5,377 million, up 23.1% year on year; operating income was ¥802 million, up 33.1%; ordinary income was ¥346 million, down 8.3%; and interim net income attributable to owners of the parent was ¥223 million, up 24.8%.」
Net sales and operating income increased year on year, ordinary income declined, and interim net income attributable to owners of the parent increased. - FY2024-Q2WorsenedAnnual report
「As a result of advancing these businesses, for the six months ended the second quarter, net sales were ¥4,368 million, down 63.6% year on year; operating income was ¥603 million, down 80.3%; ordinary income was ¥377 million, down 86.1%; and net income attributable to owners of the parent was ¥179 million, down 91.9%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all declined substantially, due mainly to the absence of the large, high-margin real estate sale recorded in the year-earlier period. - FY2024-Q1Higher sales and substantially higher operating income alongside lower net income attributable to owners of the parentAnnual report
「As a result of advancing these businesses, for the three months ended the first quarter, net sales were ¥1,955 million, up 7.6% year on year; operating income was ¥240 million, up 1,899.0%; ordinary income was ¥129 million, compared with an ordinary loss of ¥100 million in the year-earlier period; and net income attributable to owners of the parent was ¥63 million, down 82.8%.」
Net sales and operating income increased, and ordinary income moved from loss in the year-earlier period to profit, while net income attributable to owners of the parent fell 82.8% due mainly to the absence of the gain on the sale of shares in an affiliate recognized in the year-earlier period. - FY2023-Q3Continued substantial growth in revenue and operating profitAnnual report
「As a result, for the nine months ended the third quarter, net sales were ¥16,040 million, up 48.1% year on year; operating income was ¥3,430 million, up 142.7%; ordinary income was ¥2,925 million, up 185.4%; and net income attributable to owners of the parent was ¥2,657 million, up 234.9%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the year-earlier period, and substantial growth in both sales and profits continued. - FY2023-Q2Shift to Substantial Revenue and Earnings GrowthAnnual report
「As a result, for the six months ended the second quarter, net sales were ¥11,987 million, up 39.4% year on year; operating income was ¥3,066 million, up 156.9%; ordinary income was ¥2,726 million, up 170.7%; and net income attributable to owners of the parent was ¥2,214 million, up 273.2%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all increased year on year, marking a shift from lower sales and profits in the year-earlier period to substantially higher sales and profits. - FY2023-Q1WorsenedAnnual report
「As a result, for the three months ended the first quarter, net sales were ¥1,817 million, down 71.4% year on year; operating income was ¥12 million, down 98.9%; ordinary loss was ¥100 million, compared with ordinary income of ¥1,043 million in the year-earlier period; and net income attributable to owners of the parent was ¥369 million, down 44.5%.」
Against a backdrop of limited property sales and other factors, net sales, operating income and net income attributable to owners of the parent fell below the year-earlier period, while ordinary income moved from profit of ¥1,043 million to a loss of ¥100 million. - FY2022-Q3Lower revenue and profit continuedAnnual report
「As a result, for the nine months ended the third quarter, net sales were ¥10,833 million, down 31.5% year on year; operating income was ¥1,413 million, down 54.6%; ordinary income was ¥1,024 million, down 61.6%; and net income attributable to owners of the parent was ¥793 million, down 56.1%.」
Against a backdrop of lower property-sale proceeds and gains on sales, among other factors, net sales, operating income, ordinary income and net income attributable to owners of the parent all fell below the year-earlier period. - FY2022-Q2WorsenedAnnual report
「As a result, for the six months ended the second quarter, net sales were ¥8,600 million, down 39.3% year on year; operating income was ¥1,193 million, down 58.4%; ordinary income was ¥1,007 million, down 61.5%; and net income attributable to owners of the parent was ¥593 million, down 66.0%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all fell below the year-earlier period, making the decline in both sales and profits clear. - FY2021-Q3Higher sales and profits, but lower profit attributable to owners of the parentAnnual report
「As a result, during the nine months ended the third quarter, both property-sale proceeds and gains on sales increased from the comparable cumulative period, while no gain on negative goodwill was recorded in the current cumulative period although one had been recorded in the comparable period. Net sales were ¥15,810 million, up 57.8% year on year; operating income was ¥3,113 million, up 57.3%; ordinary income was ¥2,668 million, up 88.2%; and net income attributable to owners of the parent was ¥1,808 million, down 11.3%.」
Higher property-sale proceeds and gains on sales increased net sales, operating income and ordinary income, while the absence of the gain on negative goodwill recorded in the year-earlier period caused net income attributable to owners of the parent to decline 11.3%. - FY2021-Q2Expansion of higher sales, higher profits and a return to profitabilityAnnual report
「Compared with the six months ended the second quarter of the previous fiscal year, property-sale proceeds and gains on sales both increased in the current period. As a result, among other factors, net sales were ¥14,176 million, up 609.6% year on year; operating income was ¥2,867 million, up 1,389.7%; ordinary income was ¥2,615 million, compared with an ordinary loss of ¥159 million in the year-earlier period; and net income attributable to owners of the parent was ¥1,748 million, compared with a net loss of ¥92 million in the year-earlier period.」
Higher property-sale proceeds and gains on sales, among other factors, caused net sales and each profit figure to substantially exceed the year-earlier period. Ordinary income and net income attributable to owners of the parent moved from loss in the year-earlier period to profit. - FY2021-Q1Higher sales and profits, with a return to profitabilityAnnual report
「While no properties were sold in the three months ended the first quarter of the previous fiscal year, certain properties were sold in the current period. As a result, among other factors, net sales were ¥2,303 million, up 150.7% year on year; operating income was ¥152 million, up 368.4%; ordinary income was ¥100 million, compared with an ordinary loss of ¥264 million in the year-earlier period; and net income attributable to owners of the parent was ¥60 million, compared with a net loss of ¥190 million in the year-earlier period.」
The sale of certain properties and other factors increased net sales and operating income, while ordinary income and net income attributable to owners of the parent moved from loss in the year-earlier period to profit. - FY2020Lower sales and profits alongside higher net incomeAnnual report
「As a result, for the fiscal year, net sales were ¥15,642 million, down 21.2% year on year; operating income was ¥2,541 million, down 26.6%; ordinary income was ¥1,816 million, down 35.4%; and net income attributable to owners of the parent was ¥2,313 million, up 5.9%.」
Net sales, operating income and ordinary income fell below the previous fiscal year, while net income attributable to owners of the parent increased 5.9% due to the gain on negative goodwill recognized upon the consolidation of Fuji Facility Service. - FY2020-Q3Return to higher revenue and earningsAnnual report
「As a result, net sales were ¥10,020 million, up 7.4% year on year; operating income was ¥1,979 million, up 57.0%; ordinary income was ¥1,418 million, up 131.4%; and net income attributable to owners of the parent was ¥2,038 million, up 428.9%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all increased year on year, marking a shift from the declining sales and profits seen through FY2020-Q2 to higher sales and profits. - FY2020-Q2RestatedAnnual report
「During the six months ended the second quarter, as there were few property sales, net sales were ¥1,997.770 million, down 51.1% year on year; operating income was ¥192.482 million, down 53.8%; ordinary loss was ¥159.884 million, compared with ordinary income of ¥95.493 million in the year-earlier period; and net loss attributable to owners of the parent was ¥92.986 million, compared with net income of ¥12.656 million in the year-earlier period.」
The limited number of property sales caused net sales and operating income to decline year on year, while ordinary income and net income attributable to owners of the parent moved from profit in the year-earlier period to loss. - FY2020-Q1WorsenedAnnual report
「During the three months ended the first quarter, as there were no property sales, net sales were ¥918.947 million, down 72.2% year on year; operating income was ¥32.507 million, down 93.4%; ordinary loss was ¥264.496 million, compared with ordinary income of ¥305.184 million in the year-earlier period; and net loss attributable to owners of the parent was ¥190.160 million, compared with net income of ¥210.328 million in the year-earlier period.」
The absence of property sales led to substantial declines in net sales and operating income, while ordinary income and net income attributable to owners of the parent moved from profit to loss. - FY2019WorsenedAnnual report
「As a result, for the fiscal year, net sales were ¥19,838.417 million, down 9.3% year on year; operating income was ¥3,462.511 million, down 32.5%; ordinary income was ¥2,810.215 million, down 40.2%; and net income attributable to owners of the parent was ¥2,183.385 million, down 24.3%.」
Compared with higher sales and profits in the previous fiscal year, net sales, operating income, ordinary income and net income attributable to owners of the parent all declined for the full year. - FY2019-Q3RestatedAnnual report
「As a result, during the nine months ended the third quarter, both proceeds from property sales and gross profit on property sales were lower than in the year-earlier period. Net sales were ¥9,329.754 million, down 42.9% year on year; operating income was ¥1,260.795 million, down 59.7%; ordinary income was ¥612.860 million, down 78.6%; and net income attributable to owners of the parent was ¥385.345 million, down 78.6%.」
Lower property-sale proceeds and gross profit caused net sales, operating income, ordinary income and net income attributable to owners of the parent all to fall below the year-earlier period. The decline in both sales and profits from the previous quarter continued. - FY2019-Q2WorsenedAnnual report
「As a result, during the six months ended the second quarter, both proceeds from property sales and gross profit on property sales were lower than in the year-earlier period. Net sales were ¥4,081.741 million, down 71.1% year on year; operating income was ¥416.597 million, down 86.3%; ordinary income was ¥95.493 million, down 96.7%; and net income attributable to owners of the parent was ¥12.656 million, down 99.3%.」
Lower property-sale proceeds and gross profit caused net sales, operating income, ordinary income and net income attributable to owners of the parent all to fall below the year-earlier period, resulting in a substantial decline in both sales and profits. - FY2019-Q1Higher sales and substantially higher operating income alongside lower ordinary income and net incomeAnnual report
「As a result, in the three months ended the first quarter, net sales were ¥3,308.410 million, up 131.1% year on year; operating income was ¥493.785 million, up 10.6%; ordinary income was ¥305.184 million, down 21.2%; and net income attributable to owners of the parent was ¥210.328 million, down 19.3%.」
Net sales and operating income exceeded the year-earlier period, while ordinary income and net income attributable to owners of the parent fell below it. - FY2018-Q3Revenue and Profit Growth ContinuesAnnual report
「As a result, for the nine months ended the third quarter, net sales were ¥16,333.743 million, up 53.3% year on year; operating income was ¥3,124.994 million, up 69.2%; ordinary income was ¥2,859.384 million, up 79.5%; and net income attributable to owners of the parent was ¥1,798.480 million, up 66.8%.」
Revenue, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the corresponding figures for the previous year, sustaining growth in both revenue and profit. - FY2018-Q2Continued shift to revenue and profit growthAnnual report
「As a result, for the six months ended the second quarter, net sales were ¥14,131.078 million, up 40.4% year on year; operating income was ¥3,047.627 million, up 68.0%; ordinary income was ¥2,851.516 million, up 71.0%; and net income attributable to owners of the parent was ¥1,798.882 million, up 64.0%.」
As in the previous quarter, net sales, operating income, ordinary income and net income all exceeded the year-earlier period, confirming a pattern of higher sales and higher profits. - FY2018-Q1Shift from declining revenue and rising earningsAnnual report
「As a result, in the three months ended the first quarter, net sales were ¥1,431.393 million, down 32.9% year on year; operating income was ¥446.660 million, up 201.5%; ordinary income was ¥387.112 million, up 290.5%; and net income attributable to owners of the parent was ¥260.536 million, up 282.0%.」
The previous pattern of higher sales and lower profit margins changed to one in which net sales fell 32.9% year on year, while operating income, ordinary income and net income all increased substantially. - FY2017WorsenedAnnual report
「As a result, for the fiscal year, stable revenue from the income-producing real estate portfolio in the investment banking business increased, and proceeds from the sale of certain properties also rose. However, due mainly to a substantial decline in fee revenue in the investment management business, net sales were ¥18,766.472 million, up 28.5% year on year; operating income was ¥3,373.270 million, down 15.0%; ordinary income was ¥3,060.610 million, down 16.4%; and net income attributable to owners of the parent was ¥2,048.664 million, down 10.4%.」
While net sales increased 28.5%, operating income, ordinary income and net income attributable to owners of the parent all declined, confirming a full-year pattern of higher sales but lower profits. - FY2017-Q3WorsenedAnnual report
「As a result, during the nine months ended [the current third quarter], stable revenue expanded as the Company accumulated investments for its own account (income-producing real estate). However, due mainly to the low gains on sales of investments sold, net sales were ¥10,653.567 million, down 1.7% year on year; operating income was ¥1,847.368 million, down 32.2%; ordinary income was ¥1,593.106 million, down 35.8%; and net income attributable to owners of the parent was ¥1,078.176 million, down 22.8%.」
Although each profit figure exceeded the year-earlier period in the six months ended the second quarter, in the nine months ended the third quarter, net sales fell 1.7%, operating income fell 32.2%, ordinary income fell 35.8%, and net income attributable to owners of the parent fell 22.8%. The low gains on sales were cited as a factor behind the decline in profits. - FY2017-Q2SoftenedAnnual report
「As a result, for the six-month consolidated period under review, net sales were ¥10,067.757 million, up 19.1% year on year; operating profit was ¥1,814.015 million, up 5.0%; ordinary profit was ¥1,667.609 million, up 8.4%; and net profit attributable to owners of the parent was ¥1,096.975 million, up 28.6%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the year-earlier period, improving from the substantial declines in operating profit, ordinary profit and net profit in the previous quarter. However, the growth rate in operating profit was below that in net sales, so the pattern of lower profit margins remains. - FY2017-Q1WorsenedAnnual report
「As a result, for the three-month consolidated period under review, net sales were ¥2,131.781 million, up 12.5% year on year; operating profit was ¥148.134 million, down 61.4%; ordinary profit was ¥99.145 million, down 71.8%; and net profit attributable to owners of the parent was ¥68.198 million, down 67.1%.」
Net sales increased only 12.5% year on year, while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent declined substantially, making the trend of higher sales and lower profit margins even clearer. - FY2016RestatedAnnual report
「For the consolidated fiscal year under review, net sales increased substantially year on year, while profit margins declined.」
The pattern of substantially higher net sales alongside lower profit margins was also confirmed for the full fiscal year. Net sales increased 220.5% year on year, operating profit increased 40.0%, and net profit attributable to owners of the parent increased 37.7%. - FY2016-Q3RestatedAnnual report
「As a result, for the nine-month consolidated period under review, net sales were ¥10,837.627 million, up 165.2% year on year; operating profit was ¥2,725.562 million, down 4.4%; ordinary profit was ¥2,481.270 million, down 9.5%; and net profit attributable to owners of the parent was ¥1,396.781 million, down 13.3%. While net sales increased substantially year on year, profit margins declined.」
The trend of substantially higher net sales alongside lower profit margins continued. For the nine-month cumulative period, net sales were up 165.2% year on year, operating profit was down 4.4%, and net profit was down 13.3%. - FY2016-Q2First statedAnnual report
「As a result, for the six-month consolidated period under review, net sales were ¥8,454.704 million, up 176.1% year on year; operating profit was ¥1,727.914 million, down 24.1%; ordinary profit was ¥1,537.826 million, down 29.9%; and net profit attributable to owners of the parent was ¥853.246 million, down 31.1%. While net sales increased substantially year on year, profit margins declined.」
Net sales increased substantially, while operating profit, ordinary profit and net profit declined year on year, explicitly indicating lower profit margins.