Increase in profit before income taxes due to gains from investment limited partnership operations and equity in earnings of affiliates
First written in FY2020-Q1. 4 of 14 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2024-Q2.
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- FY2024-Q2RestatedAnnual report
「Profit before tax was ¥13,118 million, up 33.1% year on year. While operating profit for the first half of the fiscal year was up 22.2% year on year, profit before tax rose 33.1%. This was mainly because finance costs of ¥954 million, including ¥527 million in foreign exchange losses and other items, were recorded in the same period of the previous year.」
The rebound from finance costs arising mainly from foreign exchange losses in the same period of the previous year continued to be cited as the reason profit before tax rose 33.1%, exceeding the 22.2% increase in operating profit. - FY2024-Q1Profit before tax increased due to the absence of foreign exchange losses recorded in the previous yearAnnual report
「Profit before tax was ¥5,919 million, up 26.3% year on year. While operating profit for the first quarter of the fiscal year was up 14.5% year on year, profit before tax rose 26.3%. This was mainly because finance costs of ¥615 million, including ¥458 million in foreign exchange losses, were recorded in the same period of the previous year.」
Profit before tax rose 26.3%, compared with a 14.5% increase in operating profit, primarily due to the absence of foreign exchange losses and finance costs recorded in the same period of the previous year. - FY2023-Q3Profit before tax declined due to the absence of the gain on the sale of 2C2P recorded in the previous yearAnnual report
「Profit before tax was ¥15,955 million, down 47.7% year on year. While operating profit for the first nine months of the fiscal year was up 25.3% year on year, profit before tax fell 47.7%. This was mainly because a gain of ¥16,419 million on the sale of an equity-method investment was recorded in the same period of the previous year following the sale of all shares in 2C2P Pte. Ltd., which had been an equity-method affiliate at that time.」
Operating profit increased 25.3%, while profit before tax fell 47.7%. The main factor cited was the absence of the ¥16,419 million gain on the sale of 2C2P recorded in the same period of the previous year. - FY2023-Q2Foreign exchange losses and losses on management of investment business partnerships restrained profit before taxAnnual report
「Profit before tax was ¥9,856 million, up 13.4% year on year. While operating profit for the first half of the fiscal year was up 25.1% year on year, profit before tax rose 13.4%. This was mainly because finance income was ¥462 million, including ¥438 million in interest income, while finance costs were ¥954 million, including ¥527 million in foreign exchange losses and ¥288 million in losses on management of investment business partnerships.」
Profit before tax rose only 13.4%, compared with a 25.1% increase in operating profit. Foreign exchange losses of ¥527 million and losses on management of investment business partnerships of ¥288 million were identified as the main factors restraining growth, exceeding finance income from interest income. - FY2023-Q1Foreign exchange losses restrained growth in profit before taxAnnual report
「Profit before tax was ¥4,687 million, up 9.0% year on year. While operating profit for the first quarter of the fiscal year was up 23.7% year on year, profit before tax rose 9.0%. This was mainly because finance income was ¥234 million, including ¥208 million in interest income, while finance costs were ¥615 million, including ¥458 million in foreign exchange losses.」
Profit before tax rose only 9.0%, compared with a 23.7% increase in operating profit, primarily because finance costs, including foreign exchange losses, exceeded finance income from interest income. - FY2022AdvancedAnnual report
「Profit before tax amounted to ¥34,756.561 million, up 161.6% year on year. While operating profit for the current consolidated fiscal year increased 25.1% year on year, profit before tax increased 161.6%. This was mainly due to the recognition of finance income of ¥1,621.118 million, comprising foreign exchange gains of ¥1,022.366 million and investment partnership income of ¥371.034 million, and a gain on the sale of equity-method investments of ¥16,932.140 million resulting from the transfer of all shares in 2C2P Pte. Ltd., formerly an equity-method associate.」
The gain on the sale of all shares in 2C2P of ¥16,932 million and other factors resulted in a 161.6% increase in profit before tax, compared with a 25.1% increase in operating profit. - FY2022-Q3Gain on sale of 2C2P became a new driver of profit before taxAnnual report
「Profit before tax for the quarter amounted to ¥30,500.544 million, up 189.8% year on year. While operating profit for the nine-month period of the current consolidated fiscal year increased 25.1% year on year, profit before tax increased 189.8%. This was mainly due to the recognition of finance income of ¥1,278.938 million, comprising foreign exchange gains of ¥769.288 million and investment partnership income of ¥426.077 million, and a gain on the sale of equity-method investments of ¥16,419.272 million resulting from the transfer of all shares in 2C2P Pte. Ltd., formerly an equity-method associate.」
While operating profit increased 25.1%, profit before tax increased 189.8%. Foreign exchange gains and investment partnership income, together with a ¥16,419.272 million gain on the sale of all shares in 2C2P, were identified as the main factors. - FY2022-Q2AdvancedAnnual report
「This was mainly due to the recognition of finance income of ¥551.127 million, comprising foreign exchange gains of ¥255.390 million and investment partnership income of ¥247.291 million.」
The Company disclosed that the recognition of finance income of ¥551.127 million, including foreign exchange gains and investment partnership income, drove the increase in profit before tax above the growth rate of operating profit. - FY2022-Q1AdvancedAnnual report
「This was mainly due to the recognition of finance income of ¥215.922 million, including ¥152.894 million in investment partnership income.」
Finance income of ¥215.922 million, including ¥152.894 million in investment partnership income, was recognized and drove the increase in profit before tax above the growth rate of operating profit. - FY2021WorsenedAnnual report
「Profit before tax amounted to ¥13,285.643 million, up 20.9% year on year. While operating profit for the current consolidated fiscal year increased 25.0% year on year, profit before tax increased 20.9%. This was mainly because share of profit of equity-method investees of ¥517.217 million had been recognized in the same period of the previous year.」
Compared with the 25.0% increase in operating profit, profit before tax increased only 20.9%, reflecting the reversal of the share of profit of equity-method investees recognized in the same period of the previous year over the full year. - FY2021-Q3WorsenedAnnual report
「Profit before tax for the quarter amounted to ¥10,526.081 million, up 25.1% year on year. While operating profit for the nine-month period of the current consolidated fiscal year increased 31.4% year on year, profit before tax increased 25.1%. This was mainly because share of profit of equity-method investees of ¥528.794 million had been recognized in the same period of the previous year.」
While operating profit increased 31.4%, profit before tax increased only 25.1%. The impact of the ¥528.794 million share of profit of equity-method investees recognized in the same period of the previous year was cited as a factor. - FY2021-Q1WorsenedAnnual report
「Profit before tax for the quarter amounted to ¥3,038.656 million, up 10.1% year on year. While operating profit for the first three-month period of the current consolidated fiscal year increased 48.3% year on year, profit before tax increased 10.1%. This was mainly because, in the same period of the previous year, finance income of ¥273.861 million, including investment partnership income of ¥223.449 million, and share of profit of equity-method investees of ¥427.402 million had been recognized.」
While operating profit increased 48.3%, profit before tax increased only 10.1%. Finance income amounted to ¥7.812 million and the share of loss of equity-method investees amounted to ¥21.909 million in the current period, as the investment partnership income and share of profit of equity-method investees recognized in the same period of the previous year were absent. - FY2020-Q3AdvancedAnnual report
「This was mainly due to finance income of ¥289.491 million, compared with ¥33.328 million in the same period of the previous year, resulting primarily from ¥261.961 million in investment partnership income, and the recognition of ¥528.794 million in share of profit of equity-method investees, compared with a share of loss of ¥9.266 million in the same period of the previous year.」
The Company disclosed that investment partnership income of ¥261.961 million and share of profit of equity-method investees of ¥528.794 million were factors driving profit before tax above the growth rate of operating profit. - FY2020-Q1First statedAnnual report
「This was mainly due to an increase in finance income to ¥278.538 million, from ¥12.792 million in the same period of the previous year, resulting from ¥223.449 million in investment partnership income, and the recognition of ¥427.402 million in share of profit of equity-method investees, compared with a share of loss of ¥43.034 million in the same period of the previous year.」
While operating profit increased only 0.2%, profit before tax for the quarter increased 41.0% year on year due to investment partnership income and share of profit of equity-method investees.