Decline in Revenue and Slide into Operating and Net Losses
First written in FY2017-Q1. 12 of 34 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 7 of 25 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Revenue was ¥35,552 million, up ¥1,120 million year on year (¥34,432 million in the same period of the previous year, up 3.3%). In terms of earnings, operating profit was ¥1,618 million, up ¥335 million year on year (¥1,282 million, up 26.2%).」
Full-year revenue and operating profit increased, while ordinary profit was ¥1,853 million and profit attributable to owners of the parent was ¥945 million. - 2026-05-15AdvancedResults
「Fiscal year ending March 2026 35,552 3.3 1,618 26.2 1,853 18.3 945 26.1」
For the full year, sales increased, and operating income, ordinary income, and net income attributable to owners of the parent all increased. - FY2026-H1Lower revenue, higher operating profit and lower net profitAnnual report
「Revenue was ¥17,161 million, down ¥68 million from the same interim period of the previous year (¥17,229 million in the same interim period of the previous year, down 0.4%). Operating profit was ¥955 million, up ¥33 million from the same interim period of the previous year (¥922 million, up 3.6%). Interim profit attributable to owners of the parent was ¥572 million, down ¥187 million year on year (¥759 million, down 24.6%).」
Although revenue declined in the interim period, operating profit and ordinary profit increased, while interim profit attributable to owners of the parent declined due to impairment losses on manufacturing equipment and other factors. - FY2025Revenue growth, operating profit decline and net income growthAnnual report
「Revenue was ¥34,432 million, up ¥739 million year on year (¥33,692 million in the same period of the previous year, up 2.2%). In terms of earnings, operating profit was ¥1,282 million, down ¥48 million from the same period of the previous year (¥1,331 million, down 3.7%). Profit attributable to owners of the parent was ¥749 million, up ¥155 million year on year (¥594 million, up 26.2%).」
Full-year revenue increased, while operating profit and ordinary profit declined. Profit attributable to owners of the parent was ¥749 million, up from ¥594 million in the previous year. - FY2025-H1AdvancedAnnual report
「Revenue was ¥17,229 million, up ¥732 million from the same interim period of the previous year (¥16,497 million in the same interim period of the previous year, up 4.4%). In terms of earnings, despite upfront costs associated with launching new products and higher personnel expenses resulting from improved employee compensation, operating profit was ¥922 million, up ¥126 million from the same interim period of the previous year (¥795 million, up 16.0%), due to the positive effects of the weaker yen and price pass-through, as well as continued strong performance in the display-related business.」
For the interim period, revenue increased 4.4% year on year and operating profit increased 16.0%; interim profit attributable to owners of the parent also increased from ¥431 million to ¥759 million. - FY2024Full-year revenue decline, operating profit decline and net profit declineAnnual report
「Revenue was ¥33,692 million, down ¥477 million from the same period of the previous year, when the toner business performed particularly well (¥34,170 million in the same period of the previous year, down 1.4%).」
Full-year revenue fell 1.4%. Operating profit was ¥1,331 million, down ¥720 million, and profit attributable to owners of the parent was ¥594 million, down ¥857 million. - FY2024-Q3Lower revenue, lower operating profit and lower net profitAnnual report
「Revenue was ¥24,940 million, down ¥924 million from the same period of the previous year, when the toner business performed particularly well (¥25,865 million in the same period of the previous year, down 3.6%). In terms of earnings, operating profit was ¥977 million, down ¥849 million from the same period of the previous year (¥1,827 million, down 46.5%). Profit attributable to owners of the parent was also down ¥1,295 million year on year to ¥454 million (¥1,749 million, down 74.0%).」
For the first 3 quarters cumulatively, revenue, operating profit and profit attributable to owners of the parent were all below the levels of the same period of the previous year. - FY2024-Q2Lower revenue, lower operating profit and lower net profitAnnual report
「Revenue was ¥16,497 million, down ¥1,035 million from the same period of the previous year, when the toner business performed particularly well (¥17,532 million in the same period of the previous year, down 5.9%). Operating profit was ¥795 million, down ¥409 million year on year (¥1,205 million, down 34.0%). Profit attributable to owners of the parent was ¥431 million, down ¥823 million year on year (¥1,255 million, down 65.6%).」
For the first 2 quarters cumulatively, revenue fell 5.9%, operating profit fell 34.0% and profit attributable to owners of the parent fell 65.6%, resulting in continued declines in revenue, operating profit and net profit. - FY2024-Q1Lower revenue, lower operating profit and lower net profitAnnual report
「As a result, revenue was ¥8,315 million, down ¥579 million from the same period of the previous year, when the toner business performed particularly well (¥8,894 million in the same period of the previous year, down 6.5%). In terms of earnings, the impact of lower revenue in the semiconductor-related business was absorbed by increased orders in the display-related business, which shares major production equipment. Although this was supplemented by the increasing penetration of price pass-through measures initiated in the previous consolidated fiscal year and the positive effect of the weaker yen, the adverse effects of lower revenue in the toner business and higher procurement prices for raw materials and fuel, together with increased upfront costs for launching new products, resulted in operating profit of ¥432 million, down ¥328 million from the same period of the previous year (¥761 million, down 43.2%). Profit attributable to owners of the parent was ¥341 million, down ¥808 million from the same period of the previous year (¥1,150 million, down 70.3%), due to the decline in ordinary profit and other factors, including the absence in the cumulative first quarter of the current consolidated fiscal year of the extraordinary gain on asset sales recorded in the cumulative first quarter of the previous consolidated fiscal year.」
Following the strong performance in the same period of the previous year, the first quarter saw lower revenue, lower operating profit and a substantial decline in profit attributable to owners of the parent. - FY2023AdvancedAnnual report
「Revenue was ¥34,170 million, up ¥1,384 million year on year (¥32,785 million in the same period of the previous year, up 4.2%). In response to these factors reducing earnings, the Company thoroughly implemented price increases across its businesses. The positive effect of higher overseas-related revenue, particularly in the toner business, added to this, resulting in operating profit of ¥2,052 million, up ¥69 million year on year (¥1,982 million, up 3.5%).」
Full-year revenue was ¥34,170 million and operating profit was ¥2,052 million, resulting in higher revenue and operating profit. On the other hand, ordinary profit was ¥2,151 million and profit attributable to owners of the parent was ¥1,451 million, both down year on year. - FY2023-Q3AdvancedAnnual report
「Revenue was ¥25,865 million, up ¥1,611 million year on year (¥24,254 million in the same period of the previous year, up 6.6%). Operating profit was ¥1,827 million, up ¥185 million year on year (¥1,641 million, up 11.3%).」
For the first 3 quarters cumulatively, revenue and operating profit increased, with operating profit up 11.3% year on year to ¥1,827 million. Ordinary profit was ¥1,932 million, down year on year, while profit attributable to owners of the parent increased to ¥1,749 million. - FY2023-Q2AdvancedAnnual report
「Net sales were ¥17,532 million, an increase of ¥1,878 million year on year, or 12.0%, compared with ¥15,653 million. On the earnings side, despite continued surges in raw-material and fuel prices, operating income increased by ¥153 million to ¥1,205 million, up 14.6% year on year, compared with ¥1,051 million, supported by price pass-through and the tailwind from the weaker yen.」
Revenue increased year on year, and operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the levels of the same period of the previous year. Net sales increased 12.0%, and operating income increased 14.6%. - FY2023-Q1AdvancedAnnual report
「Net sales were ¥8,894 million, an increase of ¥1,355 million from the same period of the previous year, or 18.0%, compared with ¥7,538 million. On the earnings side, operating income was ¥761 million, an increase of ¥334 million year on year, or 78.1%, compared with ¥427 million. Quarterly net income attributable to owners of the parent was ¥1,150 million, an increase of ¥733 million, or 175.9%, compared with ¥416 million.」
Revenue increased year on year, while operating income, ordinary income and quarterly net income attributable to owners of the parent all remained profitable and increased. - FY2022-Q3AdvancedAnnual report
「Net sales increased by ¥2,361 million from the same period of the previous year to ¥24,254 million, up 10.8%. On the earnings side, … operating income was ¥1,641 million, compared with an operating loss of ¥681 million in the same period of the previous year. … Ordinary income was … ¥1,992 million, compared with an ordinary loss of ¥513 million. … Quarterly net income attributable to owners of the parent was ¥1,458 million, compared with a loss of ¥1,478 million.」
For the nine months ended, revenue increased, and operating income, ordinary income and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year to profits. - FY2022-Q2AdvancedAnnual report
「Consolidated net sales increased by ¥1,702 million from the same period of the previous year to ¥15,653 million, up 12.2%.」
Operating income turned from a loss of ¥865 million in the same period of the previous year to income of ¥1,051 million, ordinary income from a loss of ¥812 million to income of ¥1,245 million, and quarterly net income attributable to owners of the parent from a loss of ¥1,674 million to income of ¥829 million. - FY2022-Q1AdvancedAnnual report
「Consolidated operating income was ¥427 million, compared with an operating loss of ¥438 million in the same period of the previous year. Ordinary income was ¥584 million, compared with an ordinary loss of ¥438 million. Quarterly net income attributable to owners of the parent was ¥416 million, compared with a loss of ¥645 million.」
In the first quarter, operating income, ordinary income and quarterly net income attributable to owners of the parent returned to profitability at ¥427 million, ¥584 million and ¥416 million, respectively, from losses in the same period of the previous year. - FY2021-Q3Cumulative losses continued, while the third quarter returned to profitabilityAnnual report
「Although the three months of the third quarter returned to profitability from a substantial loss in the first half, for the nine months ended, operating income was a loss of ¥681 million, compared with a loss of ¥37 million in the same period of the previous year; ordinary income was a loss of ¥513 million, compared with a loss of ¥22 million; and quarterly net income attributable to owners of the parent was a loss of ¥1,478 million, compared with a loss of ¥263 million.」
Although the three months of the third quarter returned to profitability, for the nine months ended the company recorded an operating loss of ¥681 million, an ordinary loss of ¥513 million and a quarterly net loss attributable to owners of the parent of ¥1,478 million. - FY2021-Q2Declining revenue, widening operating and net lossesAnnual report
「Consolidated net sales declined by ¥1,609 million from the same period of the previous year to ¥13,950 million, down 10.3%. On the earnings side, operating income was a loss of ¥865 million, compared with income of ¥110 million in the same period of the previous year, and ordinary income was also a loss of ¥812 million, compared with income of ¥89 million. Quarterly net income attributable to owners of the parent was a loss of ¥1,674 million, compared with a loss of ¥183 million.」
For the six months ended, revenue declined, operating and ordinary income turned from profits in the same period of the previous year to losses, and the quarterly net loss attributable to owners of the parent widened. - FY2021-Q1Declining revenue, widening operating and net lossesAnnual report
「Net sales were ¥7,051 million, a decline of ¥606 million from the same period of the previous year, or 7.9%. On the earnings side, profits improved due to the effects of substantial expense reductions and lower fixed costs from the partial shutdown late last year of one of the four paper-machine production facilities. However, this was insufficient to offset the impact of lower sales. Operating income was a loss of ¥438 million, compared with a loss of ¥26 million in the same period of the previous year, and ordinary income was also a loss of ¥438 million, compared with a loss of ¥22 million. Quarterly net income attributable to owners of the parent was a loss of ¥645 million, compared with a loss of ¥97 million, after deferred tax assets were written down in anticipation of the impact of COVID-19 on full-year performance.」
Revenue declined year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened. - FY2020Full-year revenue decline and operating loss, while net income attributable to owners of the parent recoveredAnnual report
「Net sales declined by ¥2,444 million from the previous year to ¥30,995 million, down 7.3%. On the earnings side, despite company-wide cost-cutting measures and efforts to improve productivity, the impact of lower sales and higher fixed costs resulting from aggressive investment in the previous fiscal year caused operating income to be a loss of ¥64 million, compared with income of ¥672 million in the previous fiscal year. Ordinary income was a loss of ¥146 million, compared with income of ¥674 million. Net income attributable to owners of the parent was ¥510 million.」
For the full fiscal year, revenue declined and operating and ordinary income turned into losses. However, net income attributable to owners of the parent was ¥510 million, due to extraordinary income and other factors associated with the consolidation of 昌栄印刷 as a subsidiary. - FY2020-Q3Declining revenue, an operating loss and a widening net loss attributable to owners of the parentAnnual report
「Net sales declined by ¥1,693 million from the same period of the previous year to ¥23,257 million, down 6.8%. On the earnings side, despite company-wide cost-cutting measures and efforts to improve productivity, the impact of lower sales and higher fixed costs resulting from aggressive investment in the previous fiscal year caused operating income to be a loss of ¥37 million, compared with income of ¥397 million in the same period of the previous year. Ordinary income was a loss of ¥22 million, compared with income of ¥410 million, while quarterly net income attributable to owners of the parent was a loss of ¥263 million, compared with a loss of ¥116 million.」
For the nine months ended, revenue declined, operating and ordinary income turned from profits in the same period of the previous year to losses, and the quarterly net loss attributable to owners of the parent widened from ¥116 million to ¥263 million. - FY2020-Q2Revenue decline, lower operating income and continued net loss attributable to owners of the parentAnnual report
「Group-wide net sales declined by ¥886 million from the same period of the previous year to ¥15,560 million, down 5.4%. On the earnings side, although cost-reduction measures produced better-than-expected results, the impact of lower sales and higher fixed costs resulting from aggressive investment in the previous fiscal year caused operating income to decline by ¥194 million year on year to ¥110 million, down 63.8%. … Quarterly net income attributable to owners of the parent declined by ¥269 million to a loss of ¥183 million, compared with income of ¥85 million in the same period of the previous year.」
For the six months ended, revenue declined and the substantial decrease in operating income continued, while quarterly net income attributable to owners of the parent turned from a profit in the same period of the previous year to a loss of ¥183 million. - FY2020-Q1A shift to an operating loss and a net loss attributable to owners of the parentAnnual report
「On the earnings side, cost-reduction measures, including containing the rise in electricity costs through the operation of cogeneration facilities, produced better-than-expected results. However, in addition to the impact of lower sales, higher fixed costs resulting from aggressive investment in the previous fiscal year caused operating income to decline by ¥287 million year on year to a loss of ¥26 million, compared with income of ¥260 million in the same period of the previous year. Ordinary income declined by ¥307 million year on year to a loss of ¥22 million, compared with income of ¥285 million, while quarterly net income attributable to owners of the parent declined by ¥197 million to a loss of ¥97 million, compared with income of ¥99 million.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent turned from profits in the same period of the previous year to losses of ¥26 million, ¥22 million and ¥97 million, respectively. - FY2019Full-year revenue decline, lower operating income and a shift to a net loss attributable to owners of the parentAnnual report
「Net sales declined by ¥1,207 million from the previous year to ¥33,439 million, down 3.5% from the previous fiscal year. … Operating income declined by ¥493 million from the previous fiscal year to ¥672 million, down 42.3%, while ordinary income declined by ¥427 million to ¥674 million, down 38.8%. … Net income attributable to owners of the parent was a loss of ¥2,032 million, compared with income of ¥413 million in the previous fiscal year.」
For the full fiscal year, in addition to lower revenue and operating income, net income attributable to owners of the parent turned from a profit in the previous fiscal year to a loss of ¥2,032 million. - FY2019-Q3Revenue decline, lower operating income and a shift to a net loss attributable to owners of the parentAnnual report
「Overall net sales declined by ¥1,420 million from the same period of the previous year to ¥24,951 million, down 5.4%. On the earnings side, in addition to the impact of lower sales, higher expenses from investment in equipment and employee training, as well as higher raw-material and fuel costs that had continued since the first half, also affected the third quarter. Operating income therefore declined by ¥723 million year on year to ¥397 million, down 64.6%. … Quarterly net income attributable to owners of the parent was … a loss of ¥116 million, compared with income of ¥685 million in the same period of the previous year.」
For the nine months ended, revenue declined and the substantial decrease in operating income continued, while quarterly net income attributable to owners of the parent turned from a profit of ¥685 million in the same period of the previous year to a loss of ¥116 million. - FY2019-Q2Continued declines in revenue and profitAnnual report
「Overall net sales declined by ¥1,078 million from the same period of the previous year to ¥16,447 million, down 6.2%. … Operating income declined by ¥366 million year on year to ¥305 million, down 54.6%, and … quarterly net income attributable to owners of the parent … declined by ¥356 million to ¥85 million, down 80.6%.」
For the six months ended, revenue declined and the decreases in operating income, ordinary income and quarterly net income attributable to owners of the parent continued. The underlying revenue decline, excluding the effect of aligning the China business's fiscal year-end, was ¥261 million, or 1.6%, according to the company. - FY2019-Q1Continued declines in revenue and profitAnnual report
「Net sales declined by ¥928 million from the same period of the previous year to ¥8,246 million, down 10.1%. After adjusting for the effect of aligning the China business's fiscal year-end in the same period of the previous year, the decline was limited to ¥112 million, or 1.3%. On the earnings side, operating income was ¥260 million, down ¥64 million from the same period of the previous year.」
Revenue declined even excluding the effect of aligning the China business's fiscal year-end, and operating income, ordinary income and quarterly net income attributable to owners of the parent all fell below the same period of the previous year. However, the company remained profitable during the period. - FY2018-Q3AdvancedAnnual report
「As a result, net sales for the fiscal year increased by ¥3,003 million from the same period of the previous year to ¥26,561 million, up 12.8% year on year, or 9.3% excluding the ¥814 million effect of aligning the China business's fiscal year-end with the end of March to improve business management and the accuracy of consolidated accounting. On the earnings side, operating income improved substantially, increasing by ¥886 million year on year to ¥1,183 million, up 299.4%, as strong sales, the growing effects of reduced electricity consumption and various cost-reduction measures amid sustained high production levels, and intensive efforts to further improve productivity all contributed. Quarterly net income attributable to owners of the parent also improved substantially, turning from a loss of ¥283 million in the same period of the previous year, which included ¥129 million in restructuring costs associated with reduced production at the US subsidiary, to a profit of ¥694 million, despite the recognition of an extraordinary loss of ¥77 million, mainly for the disposal of obsolete infrastructure and other fixed assets, amid a substantial improvement in ordinary income.」
Net sales increased 12.8% year on year, operating income was ¥1,183 million and ordinary income was ¥1,095 million, while quarterly net income attributable to owners of the parent turned from a loss of ¥283 million in the same period of the previous year to a profit of ¥694 million. - FY2018-Q2AdvancedAnnual report
「Net sales increased by ¥2,456 million from the same period of the previous year to ¥17,644 million, up 16.2% year on year, or 10.8% excluding the impact of the China business. On the earnings side, operating income was ¥720 million, a substantial improvement from the ¥65 million loss in the same period of the previous year, and returned to profitability. This reflected higher sales, an improved product mix, the effects of reduced electricity consumption and various cost-reduction measures implemented as planned, and intensive efforts to improve productivity in response to strong orders.」
Net sales increased 16.2% year on year, while operating income, ordinary income and quarterly net income attributable to owners of the parent returned to profitability at ¥720 million, ¥654 million and ¥448 million, respectively. - FY2018-Q1Revenue growth and return to profitabilityAnnual report
「Net sales increased by ¥1,806 million from the same period of the previous year to ¥9,203 million, up 24.4%. On the earnings side, operating income was ¥339 million, an increase of ¥428 million year on year, following the steady implementation of planned cost reductions in electricity and other expenses and fixed-cost controls, as well as efforts to improve productivity in response to strong orders.」
Operating income and quarterly net income attributable to owners of the parent recovered from losses in the same period of the previous year to ¥339 million and ¥191 million, respectively, in the first quarter, while net sales increased 24.4%. - FY2017Full-year profit returned to profitability, while revenue continued to declineAnnual report
「Consolidated operating income increased by ¥573 million from the same period of the previous year to ¥863 million, up 197.5%. … Operating income returned to profitability, rising from a loss of ¥18 million in the same period of the previous year to ¥465 million, an improvement of ¥483 million. Net income attributable to owners of the parent also returned to profitability, rising from a loss of ¥929 million in the same period of the previous year to ¥252 million, and」
Although net sales declined 3.4% year on year, operating income, ordinary income and net income attributable to owners of the parent all returned to profitability for the full fiscal year. - FY2017-Q3Operating and ordinary income returned to profitability, while the net loss attributable to owners of the parent continuedAnnual report
「Operating income increased by ¥237 million from the same period of the previous year to ¥296 million, up 404.9%. Ordinary income also improved substantially, increasing by ¥192 million year on year and returning to a profit of ¥91 million, despite the recognition of foreign-exchange losses, due to improved equity-method investment gains and losses related to the display business. Meanwhile, quarterly net income attributable to owners of the parent was a loss of ¥283 million, as an extraordinary loss associated with the reduction in production capacity at the US subsidiary was recognized while the company optimized its toner production structure worldwide. This represented an improvement of only ¥58 million from the same period of the previous year.」
For the cumulative period, net sales declined year on year, while operating and ordinary income returned to profitability. Quarterly net income attributable to owners of the parent remained a loss of ¥283 million. - FY2017-Q2Continued deterioration in performanceAnnual report
「Net sales declined by ¥1,777 million from the same period of the previous year to ¥15,188 million, down 10.5%. … Net sales for the six months ended … declined by ¥1,777 million from the same period of the previous year to ¥15,188 million, down 10.5%. On the earnings side, … operating income was a loss of ¥65 million … ordinary income was also … a loss of ¥144 million … quarterly net income attributable to owners of the parent was a loss of ¥371 million」
For the six months ended, revenue declined and operating, ordinary and net losses attributable to owners of the parent continued. The quarterly net loss attributable to owners of the parent was affected by an extraordinary loss associated with the reduction in production capacity at the US subsidiary. - FY2017-Q1First statedAnnual report
「Net sales declined by ¥999 million from the same period of the previous year to ¥7,397 million, down 11.9%. On the earnings side, operating income fell by ¥193 million year on year to an operating loss of ¥89 million, also affected by the decline in the translated yen value of the results of overseas consolidated subsidiaries due to the rapid appreciation of the yen.」
This shows deterioration in net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent in the first quarter.