Decline in Other business profit due to worsening transportation business profitability
First written in FY2020-Q3. 7 of 18 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Rengo moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 5 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In Other Businesses, revenue increased as price revisions in the transportation business contributed, but profit declined due to factors including higher labor costs. As a result, segment revenue was ¥39,425 million, representing 101.5% of the prior-year level, and operating profit was ¥1,367 million, representing 69.6%.」
Revenue increased following price revisions in the transportation business, while operating profit declined to 69.6% of the prior-year level due to factors including higher labor costs. - 2026-05-14WorsenedRevision of earnings forecasts
「Other businesses reported higher revenue due to price revisions in the transportation business, but income declined because of higher labor costs and other factors.」
In the transportation business, price revisions increased revenue, while higher labor costs and other factors reduced operating income to 69.6% of the previous year's level. - FY2026-H1WorsenedAnnual report
「In Other Businesses, revenue increased due to an increase in consolidated subsidiaries, but profit declined due to factors including higher labor costs in the transportation business. As a result, segment revenue was ¥19,291 million, representing 110.8% of the prior-year level, and operating profit was ¥630 million, representing 90.8%.」
Revenue increased due to an increase in consolidated subsidiaries, while operating profit reached 90.8% of the prior-year level due to factors including higher labor costs in the transportation business. - FY2025-H1MitigatedAnnual report
「In Other Businesses, revenue was largely unchanged from the previous year, but profit increased due to factors including improved profitability in the transportation business. As a result, segment revenue was ¥17,415 million, representing 100.0% of the prior-year level, and operating profit was ¥694 million, representing 138.2%.」
Due to factors including improved profitability in the transportation business, operating profit in Other Businesses reached 138.2% of the prior-year level while revenue remained largely unchanged. - FY2024WorsenedAnnual report
「In Other Businesses, revenue and profit declined due to factors including deteriorating profitability in the transportation business. As a result, segment revenue was ¥35,041 million, representing 99.1% of the prior-year level, and operating profit was ¥1,162 million, representing 87.4%.」
Despite the strength of carton-making machinery and other products seen in the previous quarter, revenue and profit declined for the full year due to factors including deteriorating profitability in the transportation business. - FY2024-Q3MitigatedAnnual report
「In Other Businesses, revenue and profit increased as carton-making machinery and other products remained solid. As a result, segment revenue was ¥26,118 million, representing 100.6% of the prior-year level, and operating profit was ¥1,018 million, representing 106.3%.」
Carton-making machinery and other products remained solid, resulting in higher revenue and profit in Other Businesses. This represents an improvement from the previous decline in profit caused by deteriorating profitability in the transportation business. - FY2024-Q2Profit Decline Due to Deteriorating Profitability in the Transportation Business and Other FactorsAnnual report
「In Other Businesses, revenue was largely unchanged from the previous year, but profit declined due to factors including deteriorating profitability in the transportation business. As a result, segment revenue was ¥17,415 million, representing 99.9% of the prior-year level, and operating profit was ¥502 million, representing 73.2%.」
Unlike the sluggish demand for carton-making machinery described in the previous quarter, this time deteriorating profitability in the transportation business and other factors were cited as the causes of the decline in profit in Other Businesses. - FY2024-Q1Lower Revenue and Profit Due to Sluggish Demand for Carton-Making MachineryAnnual report
「In Other Businesses, revenue and profit declined due to sluggish demand for carton-making machinery and other factors.」
The factors changed from the previous situation of lower profit due to price revisions in the nonwoven fabric business and higher raw material and fuel costs to lower revenue and profit due to sluggish demand for carton-making machinery and other factors. - FY2023-Q3RestatedAnnual report
「In Other Businesses, revenue increased due to price revisions in the nonwoven fabric business, but profit declined due to higher raw material and fuel prices. As a result, segment revenue was ¥25,961 million, representing 101.2% of the prior-year level, and operating profit was ¥958 million, representing 64.6%.」
In Other Businesses, higher revenue from price revisions in the nonwoven fabric business and lower profit due to higher raw material and fuel prices continued to coexist. - FY2023-Q2RestatedAnnual report
「In Other Businesses, revenue increased due to price revisions in the nonwoven fabric business, but profit declined due to higher raw material and fuel prices. As a result, segment revenue was ¥17,424 million, representing 102.6% of the prior-year level, and operating profit was ¥686 million, representing 70.1%.」
In Other Businesses, higher revenue from price revisions in the nonwoven fabric business and lower profit due to higher raw material and fuel prices continued to coexist. - FY2023-Q1Profit Decline Due to Nonwoven Fabric Price Revisions and Higher Raw Material and Fuel CostsAnnual report
「In Other Businesses, revenue increased due to price revisions in the nonwoven fabric business, but profit declined due to higher raw material and fuel prices. As a result, segment revenue was ¥8,493 million, representing 106.6% of the prior-year level, and operating profit was ¥310 million, representing 64.3%.」
The previous improvement factors, namely improved profitability in the transportation business and a recovery in demand for carton-making machinery, changed to higher revenue from price revisions in the nonwoven fabric business and lower profit due to higher raw material and fuel prices. - FY2022-Q3MitigatedAnnual report
「In Other Businesses, revenue and profit increased as demand for carton-making machinery and other products recovered. As a result, segment revenue was ¥25,665 million, representing 105.1% of the prior-year level, and operating profit was ¥1,482 million, representing 104.4%.」
Other Businesses continued to improve from the previous decline in profit caused by deteriorating profitability in the transportation business, with revenue and profit increasing on the recovery in demand for carton-making machinery and other products. - FY2022-Q2MitigatedAnnual report
「In Other Businesses, revenue and profit increased due to improved profitability in the transportation business as cargo volumes recovered, as well as a recovery in demand for carton-making machinery and other products. As a result, segment revenue was ¥16,986 million, representing 105.1% of the prior-year level, and operating profit was ¥978 million, representing 120.9%.」
In addition to improved profitability in the transportation business as cargo volumes recovered, the recovery in demand for carton-making machinery and other products also contributed to higher revenue and profit in Other Businesses. - FY2022-Q1MitigatedAnnual report
「In Other Businesses, revenue and profit increased as profitability in the transportation business improved with the recovery in cargo volumes. As a result, segment revenue was ¥7,965 million, representing 106.2% of the prior-year level, and operating profit was ¥482 million, representing 130.6%.」
As cargo volumes recovered, profitability in the transportation business improved, resulting in higher revenue and profit in Other Businesses. - FY2021-Q3WorsenedAnnual report
「In Other Businesses, revenue and profit declined due to factors including deteriorating profitability in the transportation business resulting from lower cargo volumes. As a result, segment revenue was ¥24,431 million, down 5.2% year on year, and operating profit was ¥1,419 million, down 20.8%.」
Profitability in the transportation business continued to deteriorate as cargo volumes declined, with the impact expanding to a 5.2% decline in revenue and a 20.8% decline in operating profit in Other Businesses. - FY2021-Q2WorsenedAnnual report
「In Other Businesses, revenue and profit declined due to factors including deteriorating profitability in the transportation business resulting from lower cargo volumes. As a result, segment revenue was ¥16,167 million, down 6.5% year on year, and operating profit was ¥809 million, down 25.7%.」
Profitability in the transportation business continued to deteriorate as cargo volumes declined, with the impact expanding to a 6.5% decline in revenue and a 25.7% decline in operating profit in Other Businesses. - FY2021-Q1WorsenedAnnual report
「In Other Businesses, demand in the transportation business remained sluggish, resulting in lower revenue and profit. As a result, segment revenue was ¥7,502 million, down 9.3% year on year, and operating profit was ¥369 million, down 31.2%.」
In addition to deteriorating profitability in the transportation business, sluggish demand was identified as a factor, with the impact expanding to a 9.3% decline in revenue and a 31.2% decline in operating profit in Other Businesses. - FY2020-Q3First statedAnnual report
「In Other Businesses, revenue increased, but profit declined due to factors including deteriorating profitability in the transportation business, resulting in higher revenue but lower profit. As a result, segment revenue was ¥25,780 million, up 2.1% year on year, and operating profit was ¥1,792 million, down 3.7%.」
In Other Businesses, revenue increased, while operating profit declined 3.7% year on year due to factors including deteriorating profitability in the transportation business.