Year-on-Year Declines in Revenue and Profit
First written in FY2017-Q1. 10 of 39 entries say "Worsened", first in FY2019. Latest entry: 2026-08-12.
The whole theme swung hardest in 2023: 5 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026WorsenedAnnual report
「As described in “Part II. Business Overview, 4. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Overview of Financial Position and Operating Results,” the Group's results for the fiscal year were net sales of ¥5,474 million, down 3.0% year on year, operating loss of ¥222 million, compared with a ¥195 million loss in the prior year, ordinary loss of ¥122 million, compared with a ¥104 million loss, and net loss attributable to owners of the parent of ¥123 million, compared with a ¥107 million loss.」
Revenue declined, while the operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the previous fiscal year. - FY2026-H1Net sales and operating loss worsened, while ordinary loss and interim net loss attributable to owners of the parent narrowed.Annual report
「In addition to these conditions, fluctuations in foreign exchange translation rates affected results, and net sales for the six months ended 30 September were ¥2,782 million, down 3.3% from the prior interim consolidated accounting period. In terms of profit, in addition to lower net sales, the decline in the gross profit margin caused by lower factory operating rates due to reduced production, changes in the product mix and persistently high raw material prices resulted in an operating loss of ¥108 million, compared with a ¥97 million loss in the prior interim consolidated accounting period. In non-operating income and expenses, foreign exchange loss changed to foreign exchange gain. As a result, ordinary loss was ¥57 million, compared with an ¥88 million loss, and interim net loss attributable to owners of the parent was ¥64 million, compared with an ¥81 million loss.」
Net sales declined 3.3% year on year, and operating loss widened from ¥97 million to ¥108 million. However, ordinary loss narrowed from ¥88 million to ¥57 million and interim net loss attributable to owners of the parent narrowed from ¥81 million to ¥64 million, partly because foreign exchange loss changed to foreign exchange gain. - FY2025-H1WorsenedAnnual report
「Although the Company's price revisions contributed to higher profit, lower net sales, lower operating rates at the Company's and Chinese subsidiaries' factories, and persistently high manufacturing costs due to higher raw material prices weighed on results. Operating loss was ¥97 million, compared with a ¥0 million loss in the prior interim consolidated accounting period, ordinary loss was ¥88 million, compared with a ¥45 million profit, and interim net loss attributable to owners of the parent was ¥81 million, compared with a ¥119 million profit.」
Although the price revisions had a positive effect on profit, lower sales, lower operating rates at domestic and Chinese factories and persistently high manufacturing costs caused operating profit, ordinary profit and profit attributable to owners of the parent all to change to losses. - FY2024AdvancedAnnual report
「Although factors increasing profit included the domestic selling price revisions implemented since the year before last and changes in the product mix, lower sales and production and sluggishness in the China business weighed on results amid persistently high manufacturing costs. Operating loss was ¥115 million, compared with a ¥208 million loss in the prior year, and ordinary loss was ¥6 million, compared with a ¥124 million loss. The prior year included ¥80 million in extraordinary losses related to COVID-19 following the suspension of operations at a Chinese subsidiary due to the Shanghai lockdown. In the current year, the Company recorded a ¥76 million gain on liquidation of a subsidiary following the liquidation of Shanghai Fujik Trading Co., Ltd., formerly a consolidated subsidiary. As a result, net income attributable to owners of the parent was ¥90 million, compared with a ¥188 million loss.」
Operating loss narrowed from ¥208 million to ¥115 million, ordinary loss narrowed from ¥124 million to ¥6 million, and net income attributable to owners of the parent changed from a ¥188 million loss to a ¥90 million profit. - FY2024-Q3AdvancedAnnual report
「Although factors increasing profit included the domestic selling price revisions implemented since the year before last and changes in the product mix, lower orders and the delayed recovery of the Chinese subsidiary weighed on results amid persistently high manufacturing costs. Operating loss was ¥33 million, compared with a ¥127 million loss in the prior-year period, and ordinary profit was ¥30 million, compared with an ¥83 million loss. The prior-year period included ¥80 million in extraordinary losses related to COVID-19 following the suspension of operations due to the Shanghai lockdown. In the second quarter, the Company recorded a ¥76 million gain on liquidation of a subsidiary following the liquidation of Shanghai Fujik Trading Co., Ltd., formerly a consolidated subsidiary. As a result, net income attributable to owners of the parent was ¥102 million, compared with a ¥134 million loss.」
Operating loss narrowed from ¥127 million in the prior-year period to ¥33 million, ordinary profit changed from an ¥83 million loss to a ¥30 million profit, and net income attributable to owners of the parent changed from a ¥134 million loss to a ¥102 million profit. - FY2024-Q2AdvancedAnnual report
「Although factors increasing profit included the domestic selling price revisions implemented since last autumn and changes in the product mix, high manufacturing costs, sluggish operating rates at domestic factories and the delayed recovery of the Chinese subsidiary weighed on results. Operating loss was ¥0 million, compared with a ¥95 million loss in the prior-year period, and ordinary profit was ¥45 million, compared with a ¥72 million loss. The prior-year period included ¥78 million in extraordinary losses related to COVID-19 following the suspension of operations due to the Shanghai lockdown. In the current quarter, the Company recorded a ¥76 million gain on liquidation of a subsidiary following completion of the liquidation procedures for Shanghai Fujik Trading Co., Ltd., formerly an overseas subsidiary. As a result, net income attributable to owners of the parent was ¥119 million, compared with a ¥116 million loss.」
Net sales increased 4.4% year on year, operating loss improved from ¥95 million to almost zero, ordinary loss changed to a ¥45 million profit, and net loss attributable to owners of the parent changed from a ¥116 million loss to a ¥119 million profit. - FY2024-Q1AdvancedAnnual report
「Although energy, raw material and other manufacturing costs remained elevated, profit-enhancing factors included the domestic selling price revisions implemented since last autumn and higher sales in the Japan segment. Changes in the product mix and higher factory operating rates also contributed, resulting in operating profit of ¥20 million, compared with a ¥54 million loss in the prior-year period, ordinary profit of ¥52 million, compared with a ¥32 million loss, and net income attributable to owners of the parent of ¥52 million, compared with a ¥27 million loss.」
Net sales increased 5.8% year on year, and operating profit, ordinary profit and net income attributable to owners of the parent all changed from losses in the prior-year period to profits. - FY2023-Q3Net sales increased and operating and ordinary losses narrowed, while net loss widened due to extraordinary losses.Annual report
「However, recovery in profit was delayed because the gross profit margin declined due to further increases in raw material and energy prices and changes in the product mix. Operating loss was ¥127 million, compared with a ¥139 million loss in the prior-year period, and ordinary loss was ¥83 million, compared with a ¥106 million loss. In addition, the Company recorded ¥80 million in fixed costs as an extraordinary loss for the approximately two-month suspension of operations at 4 Chinese subsidiaries due to the lockdown in the Shanghai region. As a result, net loss attributable to owners of the parent was ¥134 million, compared with a ¥112 million loss.」
Net sales increased, and operating and ordinary losses narrowed from the prior-year period. However, the gross profit margin continued to decline due to higher raw material and energy prices and other factors, and net loss attributable to owners of the parent widened because ¥80 million in fixed costs related to the Shanghai lockdown was recorded as an extraordinary loss. - FY2023-Q2WorsenedAnnual report
「In terms of profit, selling, general and administrative expenses remained low, but changes in the product mix and higher overall manufacturing costs, including raw material and energy costs, reduced the gross profit margin. Operating loss was ¥95 million, compared with a ¥78 million loss in the prior-year period, and ordinary loss was ¥72 million, compared with a ¥65 million loss. As disclosed in the notice titled “Recording of Extraordinary Losses and Revision of Consolidated Earnings Forecast” dated 10 November 2022, the Company recorded ¥78 million in fixed costs as extraordinary losses for the approximately two-month suspension of operations at 4 Chinese subsidiaries due to the lockdown in the Shanghai region. As a result, net loss attributable to owners of the parent was ¥116 million, compared with a ¥74 million loss in the prior-year period.」
Although net sales increased, operating loss and ordinary loss widened due to the decline in the gross profit margin resulting from higher overall manufacturing costs. In addition, the Company recorded ¥78 million in fixed costs associated with the suspension of operations at 4 Chinese subsidiaries as an extraordinary loss, causing net loss attributable to owners of the parent to widen. - FY2023-Q1Net sales increased, while ordinary loss and net loss narrowed.Annual report
「As a result, operating loss was ¥54 million, compared with a ¥54 million loss in the prior-year period, ordinary loss was ¥32 million, compared with a ¥42 million loss, and net loss attributable to owners of the parent was ¥27 million, compared with a ¥41 million loss.」
Net sales increased 7.1% year on year, while operating loss remained at roughly the same level. Ordinary loss narrowed from ¥42 million to ¥32 million, and net loss attributable to owners of the parent narrowed from ¥41 million to ¥27 million. - FY2022WorsenedAnnual report
「Lower net sales and production, higher raw material prices and lower profit at production subsidiaries in the Asia segment resulted in an operating loss of ¥212 million, compared with a ¥95 million profit in the prior year, an ordinary loss of ¥168 million, compared with a ¥146 million profit, and a net loss attributable to owners of the parent of ¥164 million, compared with a ¥137 million profit.」
Lower net sales and production, higher raw material prices and lower profit at Asian production subsidiaries caused operating profit, ordinary profit and profit attributable to owners of the parent all to change from profits to losses. - FY2022-Q3WorsenedAnnual report
「Although selling, general and administrative expenses were lower than in the prior-year period due to one-off expenses related to the new head office in the prior year, lower orders and restrictions on business activities in the current period, lower net sales and production and lower profit in the Asia segment weighed on results. Operating loss was ¥139 million, compared with a ¥125 million profit in the prior-year period, ordinary loss was ¥106 million, compared with a ¥167 million profit, and net loss attributable to owners of the parent was ¥112 million, compared with a ¥154 million profit.」
Although selling, general and administrative expenses were lower than in the prior-year period, lower net sales and production and lower profit in the Asia segment caused operating profit, ordinary profit and net income attributable to owners of the parent to change from profits in the prior-year period to losses. - FY2022-Q2WorsenedAnnual report
「Lower net sales and production, together with lower profit in the Asia segment, resulted in an operating loss of ¥78 million, compared with a ¥137 million profit in the prior-year period, an ordinary loss of ¥65 million, compared with a ¥166 million profit, and a net loss attributable to owners of the parent of ¥74 million, compared with a ¥151 million profit.」
Operating profit, ordinary profit and net income attributable to owners of the parent all changed from profits in the prior-year period to losses in the current quarter. - FY2022-Q1WorsenedAnnual report
「In terms of profit, as in the prior-year period, selling, general and administrative expenses remained low due to restrictions on business activities such as business travel and the cancellation of related domestic events. However, the significant year-on-year decline in net sales was a major factor reducing profit. Operating loss was ¥54 million, compared with a ¥124 million profit in the prior-year period, ordinary loss was ¥42 million, compared with a ¥144 million profit, and net loss attributable to owners of the parent was ¥41 million, compared with a ¥121 million profit.」
Due to the significant decline in net sales, operating profit, ordinary profit and net income attributable to owners of the parent all changed from profits in the prior-year period to losses. - FY2021AdvancedAnnual report
「Net sales were ¥5,830 million, down 3.6% year on year, operating profit was ¥95 million, up 122.5%, ordinary profit was ¥146 million, up 20.4%, and net income attributable to owners of the parent was ¥137 million, compared with a ¥25 million loss in the prior year.」
Although net sales declined, operating profit increased 122.5% year on year and ordinary profit increased 20.4%; net income attributable to owners of the parent also changed from a loss to a ¥137 million profit. - FY2021-Q3AdvancedAnnual report
「Although lower sales in the Asia segment became a larger factor reducing profit, profit-enhancing factors in the Japan segment continued into the third quarter, including improved margins from the selling price revisions implemented the year before last, higher sales of household sewing thread, lower rent and lower expenses due to reduced external sales activity. As a result, operating profit was ¥125 million, up 116.3% year on year, ordinary profit was ¥167 million, up 30.9%, and net income attributable to owners of the parent was ¥154 million, up 122.9%.」
Although net sales declined, operating profit increased 116.3% year on year, ordinary profit increased 30.9%, and net income attributable to owners of the parent increased 122.9%, indicating continued improvement in profit. - FY2021-Q2AdvancedAnnual report
「In terms of profit, one-off expenses were incurred with the launch of operations at the Company's new head office this summer. However, improved margins from last year's selling price revisions, higher sales of household sewing thread, and lower expenses, including rent for the temporary head office and expenses related to reduced external sales activity, resulted in operating profit of ¥137 million, up 92.9% year on year, ordinary profit of ¥166 million, up 52.3%, and net income attributable to owners of the parent of ¥151 million, up 141.0%.」
Net sales declined 2.7% year on year, while operating profit was ¥137 million, ordinary profit was ¥166 million and net income attributable to owners of the parent was ¥151 million, all increasing year on year. - FY2021-Q1AdvancedAnnual report
「In addition to these factors, selling prices per unit increased following the selling price revisions implemented since last spring. As a result, net sales for the three months ended 30 June increased 7.4% year on year to ¥1,681 million. In terms of profit, in addition to higher net sales, improved margins from the aforementioned selling price revisions and lower selling, general and administrative expenses due to reduced sales activity and the cancellation of related domestic events contributed to operating profit of ¥124 million, compared with ¥10 million in the prior-year period, ordinary profit of ¥144 million, up 329.7% year on year, and net income attributable to owners of the parent of ¥121 million, up 541.3%.」
Net sales increased 7.4% year on year, operating profit rose from ¥10 million in the prior-year period to ¥124 million, ordinary profit increased 329.7%, and net income attributable to owners of the parent increased 541.3%. - FY2020Operating and ordinary profit returned to profitability and net loss narrowed despite lower net sales.Annual report
「Net sales were ¥6,050 million, down 5.5% year on year, operating profit was ¥42 million, compared with a ¥42 million loss in the prior year, ordinary profit was ¥121 million, up 296.2%, and net loss attributable to owners of the parent was ¥25 million, compared with a ¥216 million loss in the prior year.」
Although net sales declined, operating profit and ordinary profit returned to profitability, and net loss attributable to owners of the parent narrowed from ¥216 million to ¥25 million. - FY2020-Q3RestatedAnnual report
「Although lower net sales were a factor reducing profit, improved margins from the selling price revisions and lower selling, general and administrative expenses, including personnel expenses, resulted in operating profit of ¥58 million, compared with a ¥35 million loss in the prior-year period, ordinary profit of ¥127 million, up 437.4% year on year, and net income attributable to owners of the parent of ¥69 million, compared with a ¥224 million loss in the prior-year period.」
Although net sales declined, operating profit, ordinary profit and net income attributable to owners of the parent all improved from losses or low levels in the prior-year period due to improved margins from the selling price revisions and lower selling, general and administrative expenses. - FY2020-Q2Operating profit, ordinary profit and net income all improved from losses or low levels in the prior-year period.Annual report
「Although the recovery in net sales was slow, improved margins from the selling price revisions and lower selling, general and administrative expenses resulted in operating profit of ¥71 million, compared with a ¥12 million loss in the prior-year period, ordinary profit of ¥109 million, up 408.8% year on year, and net income attributable to owners of the parent of ¥62 million, compared with a ¥197 million loss in the prior-year period.」
Net sales remained roughly at the prior-year level, while operating profit, ordinary profit and net income attributable to owners of the parent all improved due to improved margins from the selling price revisions and lower selling, general and administrative expenses. - FY2020-Q1Operating profit and net income attributable to owners of the parent improved, while ordinary profit declined.Annual report
「In the Japan segment, the revision of selling prices improved the gross profit margin. However, lower profit at the Chinese subsidiary resulted in operating profit of ¥10 million, up 34.2% year on year, ordinary profit of ¥33 million, down 7.9%, and net income attributable to owners of the parent of ¥19 million, up 135.2%.」
Operating profit increased 34.2% year on year and net income attributable to owners of the parent increased 135.2%, while ordinary profit declined 7.9%, showing divergent trends among profit items. - FY2019WorsenedAnnual report
「In terms of profit, higher personnel expenses and increased expenses associated with rebuilding the Company's Tokyo branch and Kyoto head office reduced profit. However, the effects of rush demand before the price revisions, savings in sales promotion expenses and lower repair costs partly offset these factors. Operating loss was ¥42 million, compared with a ¥39 million loss in the prior year, and ordinary profit was ¥30 million, down 11.5% year on year. The prior year included ¥1,399 million in extraordinary gains, including gains on the sale of real estate at the former Tokyo branch and fixed assets held by a Chinese subsidiary. In the current year, the Company recorded ¥217 million in extraordinary losses, including relocation costs for temporary offices following the decision to rebuild the head office, impairment losses on fixed assets including the head office building, and expected demolition costs. As a result, net loss attributable to owners of the parent was ¥216 million, compared with profit of ¥990 million in the prior year.」
Net sales increased, but operating loss widened from ¥39 million to ¥42 million, and ordinary profit declined 11.5%. Due to the reversal of gains on the sale of fixed assets and head-office rebuilding-related costs, net income attributable to owners of the parent changed from a ¥990 million profit to a ¥216 million loss. - FY2019-Q3Operating loss, ordinary profit decline and net loss all worsened.Annual report
「In terms of profit, in addition to lower-profit factors such as declining sales in the Japan segment and increased expenses, including rent for temporary offices associated with rebuilding the Tokyo branch and Kyoto head office, higher expenses in the Asia segment also reduced profit. Operating loss was ¥35 million, compared with operating profit of ¥48 million in the prior-year period, and ordinary profit was ¥23 million, down 74.9% year on year. Net loss attributable to owners of the parent was ¥224 million, compared with profit of ¥59 million in the prior-year period. The prior-year period included a gain on the sale of fixed assets at a Chinese subsidiary, while the current period included ¥197 million in extraordinary losses for relocation costs for temporary offices following the decision to rebuild the head office, impairment losses on fixed assets including the head office building, and expected costs associated with demolition.」
Net sales edged down, but operating profit changed from a ¥48 million profit in the prior-year period to a ¥35 million loss, and ordinary profit declined 74.9%. Rebuilding-related costs, impairment losses and other factors resulted in a net loss attributable to owners of the parent of ¥224 million. - FY2019-Q2Net sales edged up, while operating loss, ordinary profit and net loss diverged.Annual report
「As a result, net sales for the six months ended 30 September were ¥3,189 million, up 0.3% year on year. In terms of profit, although higher profit in the Asia segment was maintained, lower sales in the Japan segment and increased expenses, including rent for temporary offices associated with rebuilding the Tokyo branch and Kyoto head office, resulted in an operating loss of ¥12 million, compared with operating profit of ¥17 million in the prior-year period. Ordinary profit was ¥21 million, down 51.4% year on year. Net loss attributable to owners of the parent was ¥197 million, compared with profit of ¥30 million in the prior-year period. In the prior-year period, the Company recorded a gain on the sale of fixed assets at a Chinese subsidiary, whereas in the current quarter it recorded ¥178 million in extraordinary losses, including relocation costs for temporary offices following the decision to rebuild the head office, impairment losses on fixed assets including the head office building, and expected costs associated with demolition.」
Net sales edged up, but operating profit changed from a ¥17 million profit in the prior-year period to a ¥12 million loss, and ordinary profit declined 51.4%. In addition, rebuilding-related costs and impairment losses resulted in a net loss attributable to owners of the parent of ¥197 million. - FY2019-Q1Net sales edged up, while operating profit declined, ordinary profit increased, and net income fell sharply.Annual report
「Against this backdrop, group companies in Japan and overseas addressed their respective challenges, but net sales for the three months ended 30 June were limited to ¥1,577 million, up 0.4% year on year. In terms of profit, profitability in the Asia segment was generally recovering, but lower profitability in the Japan segment due to declining sales also affected results. Operating profit was ¥7 million, down 9.3% year on year, while ordinary profit was ¥36 million, up 14.5%. Net income attributable to owners of the parent was limited to ¥8 million, down 76.8% year on year, partly because the prior-year period included a gain on the sale of fixed assets at a Chinese subsidiary.」
Net sales increased 0.4% year on year, operating profit declined 9.3%, ordinary profit increased 14.5%, and net income attributable to owners of the parent declined 76.8%, showing divergent trends among profit items. The decline in net income reflects the reversal of the gain on the sale of fixed assets at a Chinese subsidiary recorded in the prior-year period. - FY2018Net sales edged up, while operating profit and ordinary profit declined; net income increased sharply due to the sale of fixed assets.Annual report
「Although the foreign exchange translation rate moved in favor of the yen, net sales for the fiscal year were limited to ¥6,352 million, up 0.4% year on year. In terms of profit, the Asia segment generally trended toward higher profit in line with the increase in net sales. In the Japan segment, however, operating loss was ¥39 million, compared with operating profit of ¥20 million in the prior year, due to changes in the product mix and one-off expenses such as repair costs. Ordinary profit was ¥34 million, down 42.4% year on year. The Company recorded a ¥1,362 million gain on the sale of fixed assets, including a ¥1,325 million gain on the sale of the land and building of its former Tokyo branch, which had been transferred to promote the effective use of management resources. As a result, net income attributable to owners of the parent was ¥990 million, compared with profit of ¥28 million in the prior year.」
Net sales turned slightly higher, while operating profit changed from a profit to a loss of ¥39 million and ordinary profit declined 42.4%. Net income attributable to owners of the parent increased to ¥990 million due to gains on the sale of fixed assets, including the land and building of the former Tokyo branch. - FY2018-Q3Net sales, operating profit, ordinary profit and net income all declined.Annual report
「As a result, net sales for the nine months ended 31 December were ¥4,811 million, down 0.1% year on year. In terms of profit, higher profit in the Asia segment, supported by the recovery in profitability at the Chinese subsidiary and higher sales in Vietnam and Thailand, as well as the effect of expense reductions, was offset by sluggish domestic sales and a higher cost ratio. Operating profit was ¥48 million, down 14.6% year on year, and ordinary profit was ¥94 million, down 15.7%. Net income attributable to owners of the parent was ¥59 million, down 13.4% year on year. Although gains on the sale of fixed assets at a Chinese subsidiary were recorded in the first quarter, corporate income taxes and profit attributable to non-controlling interests also increased as a result.」
The previous increase in net income attributable to owners of the parent through the prior quarter changed to year-on-year declines in net sales, operating profit, ordinary profit and net income attributable to owners of the parent. - FY2018-Q2The increase in net income despite declines in net sales, operating profit and ordinary profit continued.Annual report
「Against this backdrop, group companies continued to address their respective challenges in restoring profitability. However, production of apparel for the Japanese market was cautious except in some areas, and the handmade handicrafts business also remained sluggish. Net sales for the six months ended 30 September were therefore ¥3,180 million, down 2.0% year on year. In terms of profit, the Asia segment recorded higher profit due to a recovery in profitability at the Chinese production subsidiary and higher sales in Thailand and Vietnam. However, lower sales and a higher cost ratio in the Japan segment weighed on results, with operating profit at ¥17 million, down 7.3% year on year, and ordinary profit at ¥44 million, down 7.8%. In addition, partly due to the gain on the sale of fixed assets at a Chinese subsidiary recorded in the first quarter, net income attributable to owners of the parent increased 41.9% year on year to ¥30 million.」
Net sales, operating profit and ordinary profit declined year on year, while net income attributable to owners of the parent increased 41.9% year on year due to gains on the sale of fixed assets at a Chinese subsidiary and other factors. - FY2018-Q1Net income increased despite declines in net sales, operating profit and ordinary profit.Annual report
「Against this backdrop, group companies continued to steadily address their respective challenges in restoring profitability. However, production of apparel for the Japanese market remained constrained, and fluctuations in foreign exchange translation rates during the quarter also affected results. Net sales for the three months ended 30 June therefore came to ¥1,570 million, down 2.3% year on year. In terms of profit, in addition to lower profit at the Chinese production subsidiary, higher cost ratios resulting from lower operating rates at domestic factories and other factors caused operating profit to fall to ¥8 million, down 73.0% year on year, and ordinary profit to ¥31 million, down 18.2%. Net income attributable to owners of the parent, however, increased 70.1% year on year to ¥34 million, partly due to gains on the sale of fixed assets at a Chinese subsidiary.」
Net sales, operating profit and ordinary profit declined year on year, while net income attributable to owners of the parent increased 70.1% year on year due to gains on the sale of fixed assets at a Chinese subsidiary and other factors. - FY2017-Q3Operating and ordinary profit increased despite lower net sales, while only net income declined.Annual report
「Against this backdrop, production of apparel for the Japanese market remained on a declining trend, order volumes for sewing thread in Japan and China remained sluggish, and the prior-year period included advance orders placed before the domestic price revisions for industrial sewing thread. In addition, the exchange rate used to translate the Chinese yuan affected results. As a result, net sales for the nine months ended 31 December were ¥4,817 million, down 8.1% year on year. In terms of profit, although conditions varied among group companies in Japan and overseas, various measures to improve profitability, including price revisions for industrial sewing thread and reductions in selling, general and administrative expenses, began to produce results. Operating profit was ¥56 million, up 101.9% year on year, and ordinary profit was ¥112 million, up 51.1%. However, net income attributable to owners of the parent was ¥68 million, down 4.0%, due to increases in corporate income taxes and profit attributable to non-controlling interests.」
Net sales declined 8.1% year on year, while operating profit and ordinary profit increased and net income attributable to owners of the parent declined 4.0%. Results shifted from uniform declines in sales and profit to divergent trends among profit items. - FY2017-Q2RestatedAnnual report
「In terms of profit, profitability has been improving, supported by the previously mentioned price revisions for industrial sewing thread in Japan and various measures to improve business profitability. However, the increase in the elimination of unrealized gains associated with improved profit margins resulting from the yen's appreciation, among other factors, meant that operating profit was ¥18 million, down 58.5% year on year, ordinary profit was ¥48 million, down 13.1%, and net income attributable to owners of the parent was ¥21 million, down 48.1%.」
Although profitability was improving, operating profit, ordinary profit and net income attributable to owners of the parent all declined year on year. - FY2017-Q1First statedAnnual report
「In terms of profit, improvement factors included the price revisions for industrial sewing thread in Japan implemented last year. However, due to lower net sales and lower profit from the China business, operating profit was ¥30 million, down 53.0% year on year, ordinary profit was ¥39 million, down 49.2%, and net income attributable to owners of the parent was ¥20 million, down 55.6%.」
The performance data shows year-on-year declines in net sales, operating profit, ordinary profit and net income attributable to owners of the parent.