Operating-profit improvement and ordinary-profit deterioration amid lower sales
First written in FY2016. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 6 of 21 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Full-year sales decline, with increases in operating profit and ordinary profitAnnual report
「Operating profit increased by ¥114 million from the previous fiscal year to ¥1,560 million, mainly because selling, general and administrative expenses decreased. Ordinary profit increased by ¥451 million from the previous fiscal year to ¥2,078 million, mainly because non-operating income increased.」
Revenue was ¥13,275 million, down 11.1% year on year, while operating profit increased 7.9% due to lower SG&A expenses and ordinary profit increased 27.7% due in part to derivative valuation gains. - FY2026-H1First-Half Revenue Decline, Higher Operating Profit and Higher Ordinary ProfitAnnual report
「Revenue was ¥6,810 million, down 10.3% year on year. Operating profit was ¥992 million, up 11.3%, mainly because selling, general and administrative expenses decreased. Ordinary profit was ¥1,352 million, up 17.9%, mainly because the company recognized derivative valuation gains arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions. Interim net profit attributable to owners of the parent was ¥929 million, up 15.9%.」
In the first half, revenue declined, while operating profit increased 11.3% due to lower SG&A expenses and ordinary profit increased 17.9% due in part to derivative valuation gains. - FY2025Full-Year Revenue and Profit Decline, Lower Operating ProfitAnnual report
「Revenue was ¥14,936 million, down 11.4% year on year. Operating profit was ¥1,446 million, down 44.6%, mainly because higher procurement costs resulting from further increases in raw material and logistics costs, along with a review of the valuation of certain products, weighed on earnings.」
Full-year revenue declined, and operating profit decreased 44.6% year on year due to higher procurement costs and a review of product valuations. Ordinary profit also decreased 44.8%. - FY2025-H1First-Half Revenue and Profit Decline, with Ordinary Profit Supported by Foreign-Exchange Valuation GainsAnnual report
「Revenue was ¥7,595 million, down 12.6% year on year, mainly because higher resource and energy prices heightened customer companies' focus on cutting expenses, reducing demand for repeat orders and new projects for made-to-order products, namely uniforms original to each customer company, and because the start of the autumn/winter selling season was delayed by a prolonged period of warm weather. Operating profit was ¥891 million, down 46.1%, mainly because the decline in revenue reduced gross profit. Ordinary profit was ¥1,147 million, down 35.4%, mainly because the company recognized derivative valuation gains arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions. Interim net profit attributable to owners of the parent was ¥801 million, down 34.3%.」
In the first half, revenue, operating profit, ordinary profit and interim net profit all declined, while derivative valuation gains on forward exchange contracts supported ordinary profit. - FY2024Full-Year Revenue and Profit Decline, Higher Foreign-Exchange Valuation LossesAnnual report
「Revenue was ¥16,863 million, down 5.0% from the previous fiscal year. Operating profit was ¥2,610 million, down 15.5%. Although the previous fiscal year marked a record high, profit declined in the current fiscal year due to higher procurement costs, including further increases in raw material and logistics costs. Ordinary profit was ¥2,947 million, down 17.9%, mainly because derivative valuation losses arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions increased, among other factors.」
For the full year, revenue and operating profit declined, while ordinary profit decreased 17.9% amid an increase in derivative valuation losses. - FY2024-Q3Third-Quarter Revenue Decline, Lower Operating Profit, Higher Ordinary Profit and Higher Net ProfitAnnual report
「Operating profit was ¥2,006 million, down 3.7% from the same quarter of the previous year, as the effect of price increases was outweighed by the decline in revenue. Ordinary profit was ¥2,179 million, up 4.5%, mainly because derivative valuation losses arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased from the same quarter of the previous year. Quarterly net profit attributable to owners of the parent was ¥1,503 million, up 6.9%.」
Revenue decreased 5.2% year on year and operating profit decreased 3.7%, while ordinary profit increased 4.5% due in part to a decrease in derivative valuation losses, and quarterly net profit attributable to owners of the parent increased 6.9%. - FY2024-Q2Second-Quarter Revenue Decline, Higher Operating Profit and Higher Ordinary ProfitAnnual report
「Revenue was ¥8,693 million, down 4.3% year on year, as strong sales of brands including Z-DRAGON were offset by sluggish replacement demand owing to rising prices and weak sales of cold-weather clothing during the mild winter. Operating profit was ¥1,652 million, up 10.7%, mainly because of the price increases. Ordinary profit was ¥1,776 million, up 30.6%, mainly because the derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased from the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥1,220 million, up 34.4%.」
Revenue decreased 4.3% year on year, while operating profit increased 10.7% due to price increases, ordinary profit increased 30.6% due in part to a decrease in derivative valuation losses, and quarterly net profit increased 34.4%. - FY2024-Q1First-Quarter Revenue Decline, Higher Operating Profit and Lower Ordinary ProfitAnnual report
「As a result, revenue for the cumulative three-month period ended the current first quarter was ¥4,481 million, down 7.9% year on year, partly because revenue had increased sharply in the same quarter of the previous year on front-loaded demand ahead of the October 2022 price increases. Operating profit was ¥876 million, up 23.4%, mainly because the gross margin improved from the same quarter of the previous year following the price increases despite higher purchase prices. Ordinary profit was ¥875 million, down 15.1%, mainly because a derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions was recorded. Profit for the quarter attributable to owners of the parent was ¥605 million, down 12.0%.」
Revenue fell 7.9% year on year because of the reaction to front-loaded demand ahead of the price increases, while operating profit rose 23.4% as the price increases improved the gross margin. Ordinary profit fell 15.1% and profit for the quarter fell 12.0% because a derivative valuation loss was recorded. - FY2023Full-Year Revenue Growth and Record Operating Profit, Lower Net ProfitAnnual report
「Although procurement costs rose because raw material and logistics costs increased and the yen depreciated, operating profit rose 39.4% year on year to ¥3,088 million, setting a new record high, as the company improved margins through price increases and reduced expenses. Ordinary profit was ¥3,591 million, up 19.1%, despite a derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions. Profit for the year attributable to owners of the parent was ¥2,455 million, down 13.4%, mainly because a gain on the sale of property, plant and equipment had been recorded in the previous consolidated fiscal year.」
Operating profit rose 39.4% as price increases improved margins and expenses were reduced, setting a new record high. However, profit for the year attributable to owners of the parent fell 13.4% because of the reversal of the previous year's gain on the sale of property, plant and equipment and other factors. - FY2023-Q3Third-Quarter Revenue Growth, Higher Operating Profit and Higher Ordinary Profit, Lower Net ProfitAnnual report
「Operating profit was ¥2,082 million, up 31.8% year on year, as the company maintained its margins through price increases and worked to reduce expenses. Ordinary profit was ¥2,085 million, up 11.0%, despite a derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions. Profit for the quarter attributable to owners of the parent was ¥1,406 million, down 4.8%.」
For the cumulative nine-month period, operating profit rose 31.8% year on year and ordinary profit rose 11.0% on the effect of price increases and expense reductions, while profit for the quarter attributable to owners of the parent fell 4.8%. - FY2023-Q2First-Half Revenue Growth, Higher Operating Profit and Higher Ordinary Profit, Lower Net ProfitAnnual report
「As a result, revenue for the cumulative six-month period ended the current second quarter was ¥9,080 million, up 7.9% year on year, owing to strong sales of the thermal gear brand FEVER GEAR ADVANCE, the effect of price increases from October 2022 and steady performance across the JICHODO, Jawin and Z-DRAGON brands as the company's initiatives delivered results. Operating profit was ¥1,492 million, up 25.0%, owing mainly to progress in reducing expenses, particularly logistics costs. Ordinary profit was ¥1,360 million, up 4.3%, despite a derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions. Profit for the quarter attributable to owners of the parent was ¥908 million, down 11.1%.」
Strong performance from FEVER GEAR ADVANCE, JICHODO, Jawin and Z-DRAGON and the effect of price increases resulted in higher revenue, operating profit and ordinary profit, while profit for the quarter attributable to owners of the parent declined because of derivative valuation losses and other factors. - FY2023-Q1First-Quarter Revenue Growth, Higher Operating Profit and Higher Ordinary ProfitAnnual report
「Although the gross margin declined slightly because purchase prices rose, operating profit was ¥710 million, up 46.6% year on year, owing mainly to efforts to consolidate product inventories in company-owned warehouses, improve operating efficiency and reduce expenses. Ordinary profit was ¥1,031 million, up 98.0%, mainly because the derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions increased as the yen depreciated. Profit for the quarter attributable to owners of the parent was ¥687 million, up 52.0%.」
Although the gross margin declined as purchase prices rose, operating profit increased 46.6% through inventory consolidation, improved operating efficiency and expense reductions, while ordinary profit increased 98.0% as valuation gains on forward exchange contracts increased, among other factors. - FY2022Full-year results updateAnnual report
「Although procurement costs rose because raw material costs and ocean freight rates increased and the yen depreciated, operating profit was ¥2,214 million, up 2.6% from the previous consolidated fiscal year, owing mainly to efforts to contain cost increases through a review of the production structure and reduce expenses centred on logistics costs through inventory optimisation. Ordinary profit was ¥3,016 million, up 34.3%, mainly because the derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions increased from the previous year. In addition, profit for the year attributable to owners of the parent was ¥2,835 million, up 83.6%, owing mainly to a gain on the sale of property, plant and equipment recorded as extraordinary income following the sale of certain property, plant and equipment to improve asset efficiency in light of expected increases in future maintenance and management costs and disaster risks. This set a new record high for profit.」
Although revenue fell 5.0% year on year, operating profit rose 2.6% and ordinary profit rose 34.3% through a review of the production structure, inventory optimisation and reductions in logistics expenses. Gains on sales of property, plant and equipment also contributed, and profit for the year attributable to owners of the parent rose 83.6% to a record high. - FY2022-Q3Third-Quarter Results Update with Lower Revenue, Higher Operating Profit and Higher Ordinary ProfitAnnual report
「Although procurement costs rose because raw material costs and ocean freight rates increased and the yen depreciated, operating profit was ¥1,579 million, up 11.0% year on year, owing to efforts to secure profit by reviewing the production structure and containing cost increases as much as possible, improving margins through measures such as limiting clearance sales, and reducing expenses centred on logistics costs by optimising inventories. Ordinary profit was ¥1,878 million, up 23.3%, mainly because the derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions increased from the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥1,476 million, up 38.4%.」
Although revenue fell 4.8% year on year, operating profit rose 11.0% and ordinary profit rose 23.3% owing to the review of the production structure, restraint of clearance sales, inventory optimisation and an increase in valuation gains on forward exchange contracts. - FY2022-Q2Lower Revenue, Higher Operating Profit and Higher Ordinary ProfitAnnual report
「Although procurement costs rose because raw material costs and ocean freight rates increased, operating profit was ¥1,193 million, up 12.6% year on year, owing mainly to cost reductions centred on logistics expenses as inventories were reduced. Ordinary profit was ¥1,303 million, up 30.1%, mainly because the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions improved from a derivative valuation loss in the same quarter of the previous year to a derivative valuation gain during the cumulative six-month period ended the current second quarter. Profit for the quarter attributable to owners of the parent was ¥1,021 million, up 53.7%.」
Although revenue fell 3.1% year on year, operating profit rose 12.6% on cost reductions centred on logistics expenses following inventory reduction, ordinary profit rose 30.1% as the valuation result on forward exchange contracts improved, and profit for the quarter rose 53.7%. - FY2022-Q1First-Quarter Results UpdateAnnual report
「Revenue was ¥3,861 million, down 6.0% year on year. Operating profit was ¥484 million, up 16.0%, mainly because logistics expenses were reduced through inventory reduction. Ordinary profit was ¥520 million, up 43.6%, mainly because the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions improved from a derivative valuation loss in the same quarter of the previous year to a derivative valuation gain during the cumulative three-month period ended the current first quarter. Profit for the quarter attributable to owners of the parent was ¥452 million, up 81.8%.」
In the first quarter, revenue declined, while operating profit rose 16.0% as logistics expenses were reduced through inventory reduction, ordinary profit rose 43.6% as the valuation result on forward exchange contracts improved, and net profit rose 81.8%. - FY2021Full-year results updateAnnual report
「Revenue decreased by ¥585 million from the previous consolidated fiscal year to ¥17,882 million. Gross profit increased by ¥222 million to ¥5,609 million, owing to an improved gross margin. Operating profit increased by ¥311 million to ¥2,158 million, mainly because selling, general and administrative expenses decreased. Ordinary profit decreased by ¥34 million to ¥2,245 million, mainly because non-operating income declined.」
Although revenue declined, operating profit increased because the gross margin improved and selling, general and administrative expenses decreased, while operating profit improved as ordinary profit declined. - FY2021-Q3Third-Quarter Results UpdateAnnual report
「Operating profit was ¥1,423 million, up 3.8% year on year, mainly because logistics expenses, which had increased owing to inventory build-up in the same quarter of the previous year, were contained during the cumulative nine-month period ended the current third quarter. Ordinary profit was ¥1,523 million, down 16.1%, mainly because the derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased from the same quarter of the previous year, while a ¥153 million gain on sales of securities had been recorded in the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥1,066 million, down 14.4%.」
For the cumulative nine-month period, operating profit rose 3.8% year on year as logistics expenses were contained, while ordinary profit fell 16.1% and net profit fell 14.4% because derivative valuation gains decreased, among other factors. - FY2021-Q2First-Half Revenue Decline, Lower Operating Profit and Lower Ordinary ProfitAnnual report
「Operating profit was ¥1,060 million, down 5.7% year on year, mainly because of the impact of establishing a new warehouse to improve logistics productivity and efficiency and reduce logistics expenses over the medium to long term. Ordinary profit was ¥1,001 million, down 29.0%, mainly because a derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions was recorded during the cumulative six-month period ended the current second quarter, while a ¥150 million gain on sales of securities had been recorded in the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥664 million, down 30.6%.」
Operating profit fell 5.7% year on year because of the impact of establishing a new warehouse and other factors, ordinary profit fell 29.0% because of derivative valuation losses and other factors, and profit for the quarter fell 30.6%. - FY2020Full-year results updateAnnual report
「Revenue was ¥18,467 million, down 4.6% from the previous consolidated fiscal year. Operating profit was ¥1,847 million, down 27.5%, mainly because raw material costs increased and logistics expenses rose significantly as inventories increased. Ordinary profit was ¥2,279 million, down 16.9%, supported by derivative valuation gains arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions and gains on sales of securities.」
For the full year, revenue, operating profit and ordinary profit declined, while valuation gains on forward exchange contracts and gains on sales of securities supported ordinary profit. - FY2020-Q3Third-Quarter Results UpdateAnnual report
「Revenue was ¥12,936 million, down 4.2% year on year. Operating profit was ¥1,371 million, down 24.5%, mainly because raw material costs increased and logistics expenses rose as inventories were built up. Ordinary profit was ¥1,816 million, down 9.3%, mainly because derivative valuation gains arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions and gains on sales of securities increased significantly from the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥1,245 million, down 9.2%.」
For the cumulative nine-month period, revenue, operating profit, ordinary profit and net profit all declined, although valuation gains on forward exchange contracts and other factors supported ordinary profit. - FY2020-Q2First-Half Revenue Decline, Lower Operating Profit and Lower Ordinary ProfitAnnual report
「Revenue was ¥9,409 million, slightly below the same quarter of the previous year at 2.1% lower. Operating profit was ¥1,125 million, down 23.3%, mainly because selling, general and administrative expenses increased as logistics costs rose in connection with the strategic build-up of inventories under the “JICHODO in Full” initiative. Ordinary profit was ¥1,410 million, down 11.4%, mainly because operating profit declined. Profit for the quarter attributable to owners of the parent was ¥958 million, down 14.3%.」
For the cumulative six-month period, revenue fell 2.1% year on year, operating profit fell 23.3%, ordinary profit fell 11.4% and profit for the quarter attributable to owners of the parent fell 14.3%, resulting in lower revenue and profits. - FY2020-Q1First-Quarter Results UpdateAnnual report
「Revenue was ¥4,628 million, up 6.5% year on year. Operating profit was ¥473 million, down 13.1%, mainly because selling, general and administrative expenses increased as logistics costs rose with the increase in inventories, advertising and promotional expenses increased owing to proactive sales promotion aimed at future growth, and the cost of sales increased, including raw material costs. Ordinary profit was ¥672 million, up 7.4%, mainly because a ¥137 million gain on sales of securities was recorded. Profit for the quarter attributable to owners of the parent was ¥458 million, up 4.4%.」
In the first quarter, revenue increased, but operating profit declined because raw material, logistics and advertising and promotional expenses increased. Ordinary profit and profit for the quarter increased, supported by gains on sales of securities and other factors. - FY2019Full-year results updateAnnual report
「Revenue was ¥19,359 million, up 11.5% from the previous consolidated fiscal year. Operating profit was ¥2,548 million, down 12.2%, mainly because the cumulative cost of switching part of the transport of materials and products between the group and overseas factories from sea freight to air freight was approximately ¥270 million, and approximately ¥100 million was incurred for the repair, consolidation, dismantling and disposal of ageing equipment, among other factors. Ordinary profit was ¥2,744 million, down 13.2%, mainly because operating profit declined.」
For the full year, revenue rose 11.5%, while operating profit and ordinary profit declined because of the cost of switching to air freight and expenses related to ageing equipment. - FY2019-Q3Higher Revenue and Lower Operating Profit, Higher Ordinary ProfitAnnual report
「Revenue was ¥13,501 million, up 13.9% year on year. Operating profit was ¥1,817 million, down 6.6%, mainly because the cost of switching the transport of materials and products between the group and overseas factories from sea freight to air freight to recover delivery delays amounted to approximately ¥240 million on a cumulative basis, and distribution costs also increased. Ordinary profit was ¥2,002 million, up 7.8%, mainly because the derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased significantly from the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥1,372 million, up 5.5%.」
For the cumulative nine-month period, revenue rose 13.9%, while operating profit fell 6.6% because of the cost of switching to air freight and higher distribution costs. Ordinary profit rose 7.8% and profit for the quarter rose 5.5% because derivative valuation losses decreased. - FY2019-Q2First-Half Revenue Growth, Slight Operating Profit Decline and Lower Ordinary ProfitAnnual report
「Revenue was ¥9,611 million, up 15.5% year on year. Operating profit was ¥1,467 million, down 0.3%, slightly below the same quarter of the previous year, mainly because the cost of switching the transport of materials and products between the group and overseas factories from sea freight to air freight to recover delivery delays amounted to approximately ¥200 million on a cumulative six-month basis. Ordinary profit was ¥1,593 million, down 10.2%, mainly because gains on sales of securities recorded in the same quarter of the previous year decreased significantly.」
For the cumulative six-month period, revenue rose 15.5%, while operating profit fell 0.3% and ordinary profit fell 10.2% because of the cost of switching to air freight. - FY2019-Q1Quarterly results updateAnnual report
「As a result, revenue for the cumulative three-month period ended the current first quarter was ¥4,346 million, up 23.5% year on year, significantly exceeding the same quarter of the previous year, owing mainly to strong sales of the Z-DRAGON brand and the contribution of Lionya Co., Ltd., which became a subsidiary during the previous consolidated fiscal year. Operating profit was ¥544 million, up 21.0%, owing to higher revenue. Ordinary profit was ¥625 million, down 6.3%, mainly because gains on sales of securities decreased. Profit for the quarter attributable to owners of the parent was ¥439 million, down 9.3%.」
In the first quarter, revenue and operating profit increased on strong Z-DRAGON sales and the contribution from Lionya, while ordinary profit and profit for the quarter declined because gains on sales of securities decreased. - FY2018Higher Revenue, Lower Operating Profit and Lower Ordinary ProfitAnnual report
「Revenue was ¥17,359 million, up 1.6% from the previous consolidated fiscal year. Operating profit was ¥2,904 million, down 4.0%, mainly because procurement costs increased due to the impact of environmental regulations in China and other factors, resulting in a slight decline in the gross margin. Ordinary profit was ¥3,163 million, down 18.3%, mainly because the derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased significantly from the previous consolidated fiscal year.」
For the full year, revenue increased, while operating profit declined because procurement costs rose and ordinary profit declined because derivative valuation gains decreased. - FY2018-Q3Higher revenue and operating profit, lower ordinary profitAnnual report
「Revenue was ¥11,857 million, up 2.3% year on year. Although the gross margin declined slightly because manufacturing costs increased, operating profit rose 1.1% to ¥1,945 million as selling, general and administrative expenses were contained, resulting in higher revenue and operating profit. Ordinary profit was ¥1,856 million, down 32.7%, mainly because a ¥336 million derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions was recorded as a non-operating expense.」
For the cumulative nine-month period, revenue and operating profit increased, while ordinary profit and profit for the quarter attributable to owners of the parent declined because manufacturing costs rose and a derivative valuation loss was recorded. - FY2018-Q2Quarterly results updateAnnual report
「Revenue was ¥8,321 million, up 2.8% year on year. Although the gross margin declined slightly because sales of low-priced products increased, operating profit rose 2.8% to ¥1,471 million, supported by the containment of selling, general and administrative expenses, resulting in higher revenue and operating profit. Ordinary profit was ¥1,774 million, down 31.5%, mainly because the derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased significantly from the same quarter of the previous year. Profit for the quarter attributable to owners of the parent was ¥1,270 million, down 33.0%.」
For the cumulative six-month period, revenue and operating profit increased, while ordinary profit and profit for the quarter attributable to owners of the parent declined because derivative valuation gains decreased. - FY2018-Q1Quarterly results updateAnnual report
「Operating profit was ¥449 million, down 4.1% year on year, mainly because the gross margin declined slightly as sales of low-margin made-to-order products manufactured in Japan increased and men's casual sales remained sluggish. Ordinary profit was ¥668 million, up 106.4%, mainly because the derivative valuation result on the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions changed from a valuation loss in the same quarter of the previous year to a valuation gain in the current quarter. Profit for the quarter attributable to owners of the parent was ¥484 million, up 83.8%.」
Although revenue increased, operating profit declined because of the lower gross margin. Ordinary profit and profit for the quarter attributable to owners of the parent increased, supported by valuation gains on forward exchange contracts and other factors. - FY2017Revenue and Profit Growth; New Record Operating ProfitAnnual report
「Revenue was ¥17,089 million, up 2.9% from the previous consolidated fiscal year. Operating profit was ¥3,026 million, up 16.0%, owing to an improved gross margin and a lower selling, general and administrative expense ratio, setting a new record operating profit for the first time in 26 years.」
For the full year, revenue turned upward and operating profit also increased. Operating profit set a new record high for the first time in 26 years. - FY2017-Q3Quarterly results updateAnnual report
「Revenue was ¥11,596 million, slightly above the previous year at 0.4% higher year on year. Operating profit was ¥1,923 million, up 13.4%, owing to an improved gross margin and lower selling, general and administrative expenses. Ordinary profit was ¥2,759 million, up 405.0%, mainly because a ¥707 million derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions was recorded as non-operating income. Profit for the quarter attributable to owners of the parent was ¥1,994 million, up 834.4%, resulting in higher revenue and profits for the cumulative nine-month period ended the current third quarter.」
For the cumulative nine-month period, revenue turned up 0.4% year on year, while operating profit rose 13.4%, ordinary profit rose 405.0% and profit for the quarter attributable to owners of the parent rose 834.4%, resulting in higher revenue and profits. - FY2017-Q2Quarterly results updateAnnual report
「Operating profit was ¥1,432 million, up 13.7% year on year, as profit margins improved owing to higher gross profit from increased sales of footwear, medical white coats and care wear, as well as improved profitability in the men's casual business, among other factors. Ordinary profit was ¥2,591 million, up 185.9%, mainly because a ¥1,055 million derivative valuation gain arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions was recorded as non-operating income. Profit for the quarter attributable to owners of the parent was ¥1,895 million, up 266.7%.」
Revenue was ¥8,098 million, down 2.0% year on year, while operating profit rose 13.7%, ordinary profit rose 185.9% and profit for the quarter attributable to owners of the parent rose 266.7%. - FY2017-Q1Quarterly results updateAnnual report
「As described above, the decline in revenue resulted from the reaction to front-loaded demand ahead of the previous year's price revision and had been anticipated from the outset, so full-year results are expected to be in line with the plan. Operating profit was ¥468 million, up 1.1% from the same quarter of the previous year, as profit margins improved owing to higher gross profit from increased sales of footwear, medical white coats and care wear, as well as an improved gross margin accompanying the transformation of the men's casual business model, despite lower revenue. Ordinary profit was ¥323 million, up 121.7%, mainly because the derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased from the same quarter of the previous year.」
Revenue fell 17.2% year on year because of the reaction to front-loaded demand ahead of the previous year's price revision, while operating profit rose 1.1% and ordinary profit rose 121.7%. The quarterly results have been updated to reflect the coexistence of lower revenue and improved profits. - FY2016First statedAnnual report
「Revenue was ¥16,601 million, down 2.4% from the previous consolidated fiscal year. Operating profit was ¥2,609 million, up 31.7%, owing mainly to an improved gross margin following price revisions, further improvement in the gross margin as the company advanced the transformation of its men's casual business model, and a lower selling, general and administrative expense ratio. Ordinary profit was ¥1,003 million, down 72.8%, mainly because a ¥1,866 million derivative valuation loss arising from the fair value measurement of forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions was recorded as a non-operating expense following the sharp appreciation of the yen from the beginning of 2016.」
Although revenue declined, operating profit improved on price revisions, the transformation of the business model and a lower selling, general and administrative expense ratio, while ordinary profit fell sharply because of derivative valuation losses on foreign exchange contracts.