Komori
Intertrade (3747) · RiskWorsened

Healthcare business remains loss-making

First written in FY2016. 24 of 36 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-11-12.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2018-Q1 – FY2023WorsenedFY2024-Q1 – 2026-11-122016: 12017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 120252026: 32026
Same theme, other companies
Healthcare business remains loss-makingA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

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

1 other company's latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「Sales of the IT Hanabiratake product have lagged behind plan, leaving revenue broadly flat at ¥55 million, or 100.8% of the year-earlier level. In terms of earnings, the segment loss deteriorated slightly to ¥25 million from ¥24 million a year earlier.」

    Revenue was broadly flat owing to delays in sales of IT Hanabiratake products, while the Healthcare segment loss widened to ¥25 million from ¥24 million. The risk of continued losses deteriorated slightly. It was determined that quantified was true and materialized was true.
  2. FY2025-H1WorsenedAnnual report

    「Sales of the IT Hanabiratake product as a food with function claims have lagged behind plan, resulting in revenue of ¥55 million, or 94.5% of the year-earlier level. In terms of earnings, the segment loss deteriorated slightly to ¥24 million from ¥22 million a year earlier owing to the effect of lower revenue and other factors.」

    Sales of foods with function claims lagged behind plan, resulting in lower revenue for the Healthcare business. The segment loss also widened to ¥24 million from ¥22 million, indicating a deterioration in the trend of continued losses.
  3. FY2024WorsenedAnnual report

    「Revenue from OEM production of maitake products declined from a year earlier, resulting in lower revenue of ¥105 million, or 73.2% of the year-earlier level. In terms of earnings, the segment loss deteriorated slightly to ¥51 million from ¥37 million a year earlier owing to the effect of lower revenue.」

    The Healthcare business posted lower revenue as OEM sales declined, and the segment loss widened to ¥51 million from ¥37 million a year earlier.
  4. FY2024-Q2WorsenedAnnual report

    「Revenue from OEM production of maitake products declined from a year earlier, resulting in lower revenue of ¥58 million, or 77.4% of the year-earlier level. In terms of earnings, despite the effect of lower revenue, the segment loss was limited to a slight deterioration, widening from ¥19 million a year earlier to ¥22 million, owing to reductions in selling, general and administrative expenses, including research and development costs.」

    The Healthcare business posted lower revenue as OEM sales declined, and the segment loss widened to ¥22 million from ¥19 million a year earlier. Despite reductions in selling, general and administrative expenses, including research and development costs, the risk of continued losses has materialized in the results.
  5. FY2024-Q1WorsenedAnnual report

    「Revenue from OEM production of maitake products declined from a year earlier, resulting in lower revenue of ¥31 million, or 82.0% of the year-earlier level. In terms of earnings, the segment loss widened from ¥9 million a year earlier to ¥11 million owing to the effect of lower revenue.」

    The Healthcare business posted lower revenue as OEM sales declined, and the segment loss widened to ¥11 million from ¥9 million a year earlier. The risk of continued losses has materialized in the results.
  6. FY2023MitigatedAnnual report

    「Strong sales of high-margin raw materials, together with continued efforts to reduce expenses, improved the segment loss to ¥37 million from ¥51 million in the previous fiscal year.」

    The Healthcare segment loss narrowed to ¥37 million from ¥51 million through strong raw-materials sales and expense reductions. However, the business remained loss-making.
  7. FY2023-Q3MitigatedAnnual report

    「Third-quarter revenue declined to ¥103 million, or 97.9% of the year-earlier level. In terms of earnings, the segment loss improved slightly to ¥33 million from ¥34 million a year earlier owing to the continued effect of expense reductions.」

    The Healthcare business posted lower revenue, but the segment loss narrowed slightly to ¥33 million from ¥34 million through continued expense reductions. The business remained loss-making.
  8. FY2023-Q2MitigatedAnnual report

    「In terms of earnings, the segment loss improved to ¥19 million from ¥24 million a year earlier as higher revenue and continued efforts to improve the earnings structure through expense reductions and other measures took effect.」

    The Healthcare segment loss narrowed to ¥19 million from ¥24 million a year earlier. However, the business remained loss-making.
  9. FY2023-Q1MitigatedAnnual report

    「Revenue ¥38 million (103.9% year on year) Segment loss ¥9 million (segment loss of ¥11 million in the year-earlier period)」

    The Healthcare segment loss narrowed to ¥9 million from ¥11 million a year earlier owing to higher revenue from OEM production of maitake products. However, the business remained loss-making.
  10. FY2022MitigatedAnnual report

    「In terms of earnings, gross profit increased as the number of inventory items subject to write-downs declined and the sales mix shifted toward the company's own products. As a result of efforts to reduce fixed costs, the segment loss improved by ¥32 million from the previous fiscal year to ¥51 million.」

    The Healthcare segment loss narrowed from ¥84 million to ¥51 million. However, the business remained loss-making.
  11. FY2022-Q3MitigatedAnnual report

    「Third-quarter revenue rose to ¥105 million, or 106.9% of the year-earlier level. Supported by higher revenue and the continued effect of expense reductions, the segment loss improved to ¥34 million from ¥53 million a year earlier.」

    The Healthcare segment loss narrowed to ¥34 million from ¥53 million a year earlier through higher revenue and continued expense reductions. However, the business remained loss-making. It was determined that quantified was true and materialized was true.
  12. FY2022-Q2MitigatedAnnual report

    「Second-quarter revenue declined to ¥68 million, or 94.4% of the year-earlier level. However, the segment loss improved to ¥24 million from ¥34 million a year earlier as the earnings structure continued to improve through expense reductions and other measures.」

    The Healthcare business posted lower revenue, but the segment loss narrowed to ¥24 million from ¥34 million a year earlier through expense reductions and other measures. The business remained loss-making.
  13. FY2022-Q1MitigatedAnnual report

    「The market for supplements addressing women's health issues, known as the femcare market, has been expanding. By promoting the benefits of IT Hanabiratake to menopausal women and increasing OEM transactions from a year earlier, revenue rose to ¥36 million, or 106.6% of the year-earlier level. In terms of earnings, the segment loss narrowed from ¥19 million to ¥11 million as higher revenue and continued efforts to improve the earnings structure through expense reductions took effect.」

    The Healthcare segment loss narrowed to ¥11 million from ¥19 million a year earlier through an increase in OEM transactions and improvements to the earnings structure, including expense reductions. However, the business remained loss-making.
  14. FY2021MitigatedAnnual report

    「In terms of earnings, the segment loss improved to ¥84 million from the previous fiscal year through efforts to reduce fixed costs and the streamlining of unprofitable businesses.」

    The Healthcare segment loss narrowed to ¥84 million from ¥118 million in the previous fiscal year through fixed-cost reductions and the streamlining of unprofitable businesses, but the business remained loss-making.
  15. FY2021-Q3MitigatedAnnual report

    「Following the sale of the mail-order business during the second quarter of the previous fiscal year and the narrowing of the product range in order to focus on developing the business as a raw-materials manufacturer, revenue declined to ¥99 million, or 63.0% of the year-earlier level. However, the segment loss improved to ¥53 million from ¥80 million a year earlier, owing to the streamlining of unprofitable businesses and other measures.」

    The Healthcare business posted lower revenue, but the segment loss narrowed to ¥53 million from ¥80 million a year earlier, owing to the streamlining of unprofitable businesses and other measures.
  16. FY2021-Q2MitigatedAnnual report

    「Following the sale of InterTrade Healthcare's mail-order business during the second quarter of the previous fiscal year, second-quarter revenue declined to ¥72 million, or 74.3% of the year-earlier level. However, the segment loss improved to ¥34 million from ¥61 million a year earlier, as the unprofitable division with a deteriorating earnings structure was divested.」

    Revenue continued to decline following the sale of the mail-order business, but the Healthcare segment loss narrowed to ¥34 million from ¥61 million a year earlier.
  17. FY2021-Q1MitigatedAnnual report

    「Revenue declined to ¥34 million, or 62.8% of the same period of the previous year, due to the sale of the mail-order business during the second quarter of the previous fiscal year as the company focused on developing its business as an IT Hanabiratake manufacturer. On the profit-and-loss side, the segment loss improved from ¥30 million to ¥19 million as the company divested the business whose earnings structure had deteriorated and concentrated its management resources.」

    The decline in revenue following the sale of the mail-order business continued, but the Healthcare business segment loss narrowed from ¥30 million in the same period of the previous year to ¥19 million. The business remained loss-making.
  18. FY2020MitigatedAnnual report

    「Revenue ¥193 million (65.8% of the previous fiscal year) Segment loss ¥118 million (segment loss of ¥167 million in the previous fiscal year)」

    Revenue declined following the sale of the mail-order business, while the Healthcare business segment loss narrowed from ¥167 million to ¥118 million. The business remained loss-making.
  19. FY2020-Q3MitigatedAnnual report

    「Due to the sale of Intertrade Healthcare's mail-order business, third-quarter revenue was ¥157 million, or 70.2% of the same period of the previous year. On the profit-and-loss side, the segment loss improved to ¥80 million from the same period of the previous year as the company divested the business whose earnings structure had deteriorated and concentrated its management resources.」

    Healthcare revenue declined due to the sale of the mail-order business, but the segment loss narrowed from ¥116 million in the same period of the previous year to ¥80 million. The business remained loss-making.
  20. FY2020-Q2MitigatedAnnual report

    「Following the sale of Intertrade Healthcare’s mail-order business in order to focus on developing the business as an “IT Hanabiratake” manufacturer, second-quarter net sales were ¥97 million, or 66.0% of the year-earlier period. However, separating the business with a deteriorating earnings structure and concentrating management resources led to a slight improvement in profitability, with the segment loss narrowing to ¥61 million from the previous year.」

    The Healthcare business segment loss narrowed from ¥65 million in the same period of the previous year to ¥61 million, but the business remained loss-making.
  21. FY2020-Q1MitigatedAnnual report

    「On the profit-and-loss side, the segment loss improved slightly because advertising and promotional expenses and other costs were reduced further.」

    The Healthcare business segment loss narrowed from ¥35 million in the same period of the previous year to ¥30 million, but the business remained loss-making.
  22. FY2019MitigatedAnnual report

    「Revenue ¥293 million (114.0% of the previous fiscal year) Segment loss ¥167 million (segment loss of ¥176 million in the previous fiscal year)」

    Healthcare revenue increased to ¥293 million, and the segment loss narrowed from ¥176 million in the previous fiscal year to ¥167 million. However, the business remained loss-making.
  23. FY2019-Q3MitigatedAnnual report

    「In terms of earnings, the segment loss declined as gross profit increased with the expansion of sales of “IT maitake”-related products and research and development expenses for “IT maitake” decreased from the same period of the previous year.」

    The Healthcare business segment loss narrowed from ¥141 million in the same period of the previous year to ¥116 million, but the business remained loss-making.
  24. FY2019-Q2MitigatedAnnual report

    「Revenue ¥147 million (114.9% of the same period of the previous year) Segment loss ¥65 million (segment loss of ¥103 million in the same period of the previous year)」

    The Healthcare business segment loss narrowed from ¥103 million in the same period of the previous year to ¥65 million, but the business remained loss-making.
  25. FY2019-Q1MitigatedAnnual report

    「In terms of earnings, the segment loss declined substantially as sales of maitake-related products expanded and research and development expenses related to “IT maitake” decreased from the same period of the previous year.」

    The Healthcare business segment loss narrowed from ¥63 million in the same period of the previous year to ¥35 million, but the business remained loss-making.
  26. FY2018MitigatedAnnual report

    「Revenue ¥257 million (94.5% of the previous fiscal year) Segment loss ¥176 million (segment loss of ¥424 million in the previous fiscal year)」

    The Healthcare business segment loss narrowed from ¥424 million in the previous fiscal year to ¥176 million, but the business remained loss-making.
  27. FY2018-Q3MitigatedAnnual report

    「On the profit-and-loss side, the segment loss narrowed due to an improved sales mix through the company's own products, a significant decrease in research and development expenses related to research on IT Hanabiratake, and the effect of an inventory write-down recorded in the same period of the previous year.」

    The Healthcare business segment loss narrowed from ¥304 million in the same period of the previous year to ¥141 million, but the business remained loss-making.
  28. FY2018-Q2MitigatedAnnual report

    「On the profit-and-loss side, the segment loss narrowed as a result of an improved sales mix through the company's own products and lower research and development expenses related to research on IT Hanabiratake compared with the same period of the previous year.」

    The Healthcare business segment loss narrowed from ¥127 million in the same period of the previous year to ¥103 million, but the business remained loss-making.
  29. FY2018-Q1MitigatedAnnual report

    「On the profit-and-loss side, the segment loss improved slightly because research and development expenses related to research on IT Hanabiratake decreased from the same period of the previous year.」

    The Healthcare business segment loss narrowed slightly from ¥66 million in the same period of the previous year to ¥63 million.
  30. FY2017WorsenedAnnual report

    「On the profit-and-loss side, the segment loss was ¥424 million, reflecting higher upfront investment, including research and development expenses for joint research and the formulation of Hanabiratake products in the People's Republic of Bangladesh, as well as an inventory write-down during the fiscal year because raw-material sales did not progress as planned at the beginning of the year.」

    The Healthcare business segment loss widened from ¥185 million in the previous fiscal year to ¥424 million. The increase in upfront investment and an inventory write-down due to raw-material sales falling short of plan affected results.
  31. FY2017-Q3WorsenedAnnual report

    「On the profit-and-loss side, the segment loss increased due to higher upfront investment, including research and development expenses for joint research and the formulation of Hanabiratake products in the People's Republic of Bangladesh, as well as an inventory write-down in the third quarter because raw-material sales did not progress as initially planned.」

    The Healthcare business segment loss widened from ¥147 million in the same period of the previous year to ¥304 million. The increase in research and development and upfront investment, together with an inventory write-down caused by raw-material sales falling short of plan, affected results.
  32. FY2017-Q2WorsenedAnnual report

    「On the profit-and-loss side, the segment loss increased due to higher research and development expenses associated with industry-academia-government joint research with Tokyo Women's Medical University and the National Institute of Advanced Industrial Science and Technology, as well as upfront investment toward the formulation of Hanabiratake products in the People's Republic of Bangladesh.」

    The Healthcare business segment loss widened from ¥95 million in the same period of the previous year to ¥127 million.
  33. FY2017-Q1WorsenedAnnual report

    「Segment loss ¥66 million (segment loss of ¥55 million in the same period of the previous year)」

    Healthcare revenue increased, but the segment loss widened from ¥55 million in the same period of the previous year to ¥66 million.
  34. FY2016First statedAnnual report

    「Revenue ¥240 million (130.0% of the previous fiscal year)  Segment loss ¥185 million (segment loss of ¥354 million in the previous fiscal year)」

    Although revenue increased, the Healthcare business recorded a segment loss of ¥185 million.
Moved together

"Expanding sales of Hanabiratake products, centered on the βeauty Glucan brand" moved the same way as this thread, in the same document, in 20 of its 36 moves.

201615141312★123456
  1. ★This thread
  2. 1Expanding sales of Hanabiratake products, centered on the βeauty Glucan brand20×
  3. 2Building a revenue base through expanded sales of GroupMAN@IT e²16×
  4. 3Operating loss and negative retained earnings15×
  5. 4Business solutions business: dependence on spot projects, declining revenue and losses14×
  6. 5Stable growth and transition to a renewed growth phase through a better-balanced business portfolio13×
  7. 6Concentration on the IT Hanabiratake business following the sale of the healthcare mail-order business12×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Intertrade's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-11-12: "Worsened".
News
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