Improved Earnings and Profitability Despite Declining Revenue
First written in FY2017-Q1. 14 of 35 entries say "Advanced", first in FY2017. Latest entry: 2026-08-10.
The whole theme swung hardest in 2020: 24 of 105 companies on the "Worse" side.
21 other companies' latest entry also says "Advanced".
- 2026-08-10AdvancedEarnings
「The performance of our group during the first quarter of the current consolidated fiscal year increased in both revenue and profit compared with the same period of the previous fiscal year.」
Net sales, operating income, ordinary income, and net income attributable to owners of the parent exceeded the levels of the same period of the previous fiscal year. - FY2026RestatedAnnual report
「Although sales volume remained sluggish, ordinary income increased as we worked to secure profitability. Net income attributable to owners of the parent decreased due to the impact of gains on the sale of investment securities and other items recorded in the previous fiscal year.」
Although sales volume remained sluggish, net sales, operating income, and ordinary income increased, while net income attributable to owners of the parent declined because of the impact of gains on sales of investment securities and other items in the previous fiscal year. - FY2026-H1Higher operating and ordinary income alongside lower net income attributable to owners of the parentAnnual report
「Although sales volume of the group's main product, kraft paper bags, remained sluggish both domestically and overseas during the interim consolidated accounting period from 1 April 2025 to 30 September 2025, consolidated net sales were ¥11,972 million, an increase of ¥376 million from the year-earlier period. Operating income was ¥819 million, up ¥138 million year on year; ordinary income was ¥931 million, up ¥113 million; and interim net income attributable to owners of the parent was ¥651 million, down ¥121 million.」
Net sales, operating income, and ordinary income exceeded the year-earlier period, while interim net income attributable to owners of the parent fell below it, indicating uneven profit trends. - FY2025-H1AdvancedAnnual report
「Consolidated net sales were ¥11,595 million, an increase of ¥611 million from the year-earlier period. Operating income was ¥681 million, up ¥197 million year on year; ordinary income was ¥817 million, up ¥216 million; and interim net income attributable to owners of the parent was ¥772 million, up ¥325 million.」
Results turned from lower revenue and lower profits in the previous interim consolidated accounting period to higher revenue and higher profits in the current interim consolidated accounting period, with operating income, ordinary income, and interim net income attributable to owners of the parent all exceeding the year-earlier period. - FY2024Price revisions and cost controls lift net incomeAnnual report
「Although sales volume failed to recover beyond expectations, the company improved profitability through product price revisions and worked to control costs, resulting in higher net income attributable to owners of the parent.」
While consolidated net sales, operating income, and ordinary income declined, product price revisions improved profitability and cost controls resulted in higher net income attributable to owners of the parent year on year. - FY2024-Q3WorsenedAnnual report
「As a result, consolidated net sales were ¥16,254 million, a decrease of ¥695 million from the year-earlier period. Although the company worked to contain the increase in the cost ratio, operating income was ¥671 million, down ¥160 million year on year; ordinary income was ¥889 million, down ¥179 million; and net income attributable to owners of the parent was ¥686 million, down ¥75 million.」
Lower revenue and lower profits continued, with operating income, ordinary income, and quarterly net income attributable to owners of the parent below the year-earlier period despite efforts to contain the increase in the cost ratio. - FY2024-Q2WorsenedAnnual report
「As a result, consolidated net sales were ¥10,983 million, a decrease of ¥750 million from the year-earlier period. Although the company worked to contain the increase in the cost ratio caused by higher raw material and energy prices, operating income was ¥483 million, down ¥154 million year on year; ordinary income was ¥600 million, down ¥155 million; and net income attributable to owners of the parent was ¥447 million, down ¥82 million.」
From lower revenue and lower profits in the first quarter, the first half saw wider declines in both revenue and operating income, with profits declining despite efforts to contain the impact of higher raw material and energy prices. - FY2024-Q1WorsenedAnnual report
「Consolidated net sales were ¥5,098 million, a decrease of ¥265 million from the year-earlier period. The decline was primarily due to lower sales volume. In addition, higher expenses for depreciation of capital investments, persistently high general expenses, and incidental losses resulted in operating income of ¥197 million, down ¥61 million year on year; ordinary income of ¥288 million, down ¥66 million; and net income attributable to owners of the parent of ¥219 million, down ¥31 million.」
Lower sales volume, together with higher expenses for depreciation of capital investments, general expenses, and incidental losses, resulted in lower revenue and lower profits. - FY2023-Q3WorsenedAnnual report
「Revenue increased as higher prices were passed through amid inflation. Although the company worked to contain the increase in the cost ratio, operating income was ¥831 million, down ¥279 million year on year; ordinary income was ¥1,068 million, down ¥211 million; and net income attributable to owners of the parent was ¥761 million, down ¥137 million.」
Although revenue increased through price pass-through, operating income and other measures remained below the year-earlier period despite efforts to contain the increase in the cost ratio, and the decline in profits widened from the previous quarter. - FY2023-Q2RestatedAnnual report
「Although the company worked to contain the increase in the cost ratio caused by higher raw material and energy prices, operating income was ¥638 million, down ¥103 million year on year; ordinary income was ¥756 million, down ¥70 million; and net income attributable to owners of the parent was ¥530 million, down ¥46 million.」
Despite higher revenue, operating income and other measures were below the year-earlier period even after efforts to contain the increase in the cost ratio caused by higher raw material and energy prices, and the pattern of higher revenue but lower profits continues. - FY2023-Q1WorsenedAnnual report
「Consolidated net sales were ¥5,364 million, an increase of ¥338 million from the year-earlier period. Although sales increased, higher raw material and energy prices raised the cost ratio. Operating income was ¥259 million, down ¥115 million year on year; ordinary income was ¥354 million, down ¥96 million; and net income attributable to owners of the parent was ¥251 million, down ¥64 million.」
Although revenue increased, higher raw material and energy prices raised the cost ratio, reducing operating income, ordinary income, and net income year on year. Results shifted from higher revenue and higher profits in the previous fiscal year to higher revenue and lower profits. - FY2022AdvancedAnnual report
「Consolidated net sales were ¥21,598 million, an increase of ¥1,660 million from the previous fiscal year. Operating income was ¥1,402 million, up ¥232 million year on year; ordinary income was ¥1,583 million, up ¥262 million; and net income attributable to owners of the parent was ¥1,102 million, up ¥201 million.」
Results recovered from lower revenue and lower profits in the previous fiscal year to higher revenue and higher profits for the full year, with the increases in operating income, ordinary income, and net income shown numerically. - FY2022-Q3AdvancedAnnual report
「Consolidated net sales were ¥16,135 million, an increase of ¥1,287 million from the year-earlier period. In profit terms, higher sales, the containment of the impact of higher resin raw material prices within a limited range, and continued expense controls resulted in operating income of ¥1,110 million, up ¥273 million year on year; ordinary income of ¥1,280 million, up ¥299 million; and net income attributable to owners of the parent of ¥899 million, up ¥221 million.」
Higher revenue and higher profits continued after the lower revenue and lower profits of the year-earlier period, including a ¥1,287 million increase in revenue and a ¥273 million increase in operating income. - FY2022-Q2AdvancedAnnual report
「Consolidated net sales were ¥10,849 million, an increase of ¥634 million from the year-earlier period. In profit terms, in addition to higher sales, the anticipated increase in resin raw material prices had not been significantly reflected through the second quarter, the increase in depreciation expense was delayed, and expense controls continued. Operating income was ¥741 million, up ¥126 million year on year; ordinary income was ¥826 million, up ¥134 million; and net income attributable to owners of the parent was ¥576 million, up ¥94 million.」
Results progressed from lower revenue and lower profits in the previous fiscal year to higher revenue and higher profits, including a ¥634 million increase in revenue and a ¥126 million increase in operating income. - FY2022-Q1AdvancedAnnual report
「Consolidated net sales were ¥5,026 million, an increase of ¥274 million from the year-earlier period. In profit terms, in addition to higher sales, the increase in resin raw material prices had not yet been significantly reflected in the first quarter, while expense controls continued. Operating income was ¥374 million, up ¥103 million year on year; ordinary income was ¥451 million, up ¥108 million; and net income attributable to owners of the parent was ¥315 million, up ¥78 million.」
Results turned from lower revenue and lower profits in the previous fiscal year to higher revenue and higher profits in the current quarter, including a ¥274 million increase in revenue and a ¥103 million increase in operating income. - FY2021-Q3WorsenedAnnual report
「The group's main business is the manufacture and sale of industrial packaging materials, which is susceptible to domestic production trends. Its results for the nine months ended the third quarter showed lower revenue and lower profits year on year. Net sales were ¥14,847 million, a decrease of ¥1,335 million from the year-earlier period. Operating income was ¥837 million, down ¥202 million year on year; ordinary income was ¥980 million, down ¥198 million; and net income attributable to owners of the parent was ¥678 million, down ¥155 million.」
Lower revenue and lower profits continued, with revenue down ¥1,335 million, operating income down ¥202 million, ordinary income down ¥198 million, and quarterly net income attributable to owners of the parent down ¥155 million from the year-earlier period. - FY2021-Q2WorsenedAnnual report
「The group's results for the six months ended the second quarter showed lower revenue and lower profits year on year. Net sales were ¥10,214 million, a decrease of ¥682 million from the year-earlier period. Operating income was ¥615 million, down ¥72 million year on year; ordinary income was ¥692 million, down ¥66 million; and net income attributable to owners of the parent was ¥481 million, down ¥51 million.」
Revenue and profit declines continued from the first quarter, with both the decline in revenue and the decline in operating income widening. - FY2021-Q1WorsenedAnnual report
「Results for the three months ended the first quarter included consolidated net sales of ¥4,751 million, a decrease of ¥134 million from the year-earlier period. Operating income was ¥271 million, down ¥24 million year on year; ordinary income was ¥342 million, down ¥18 million; and net income attributable to owners of the parent was ¥237 million, down ¥15 million.」
The trend of lower revenue and lower profits from the previous fiscal year continued, with net sales, operating income, ordinary income, and net income attributable to owners of the parent all below the year-earlier period. - FY2020WorsenedAnnual report
「As a result, the group's results showed lower revenue and lower profits year on year.」
After revenue and profit growth through the previous fiscal year, results turned to lower revenue and lower profits, with net sales of ¥21,434 million, operating income of ¥1,361 million, ordinary income of ¥1,505 million, and net income attributable to owners of the parent of ¥1,035 million. - FY2020-Q3WorsenedAnnual report
「The group's results for the nine months ended the third quarter included net sales of ¥16,183 million, a decrease of ¥259 million from the year-earlier period. Operating income was ¥1,039 million, down ¥108 million year on year; ordinary income was ¥1,179 million, down ¥102 million; and net income attributable to owners of the parent was ¥834 million, down ¥68 million.」
The earnings profile shifted from higher revenue but lower profits in the previous quarter to lower revenue and lower profits in the current quarter, with the declines in operating income, ordinary income, and net income attributable to owners of the parent also shown numerically. - FY2020-Q2ReframedAnnual report
「The group's results for the six months ended the second quarter included net sales of ¥10,897 million, an increase of ¥102 million from the year-earlier period. Operating income was ¥688 million, down ¥22 million year on year; ordinary income was ¥758 million, down ¥20 million; and net income attributable to owners of the parent was ¥533 million, down ¥8 million.」
The earnings profile is shifting from lower revenue and lower profits in the previous quarter to lower profits despite higher revenue in the current quarter. - FY2020-Q1WorsenedAnnual report
「The group's results for the three months ended the first quarter reflected sluggish sales overall amid economic conditions. Consolidated net sales were ¥4,885 million, a decrease of ¥39 million from the year-earlier period. Profit declined because of lower revenue and higher raw material prices than in the year-earlier period. Operating income was ¥296 million, down ¥30 million year on year; ordinary income was ¥361 million, down ¥19 million; and net income attributable to owners of the parent was ¥252 million, down ¥10 million.」
The earnings profile is shifting from the revenue and profit growth that continued through the previous fiscal year to lower profits amid declining revenue and higher raw material prices. - FY2019AdvancedAnnual report
「The group's results for the fiscal year reflected higher revenue and higher profits year on year, supported by generally steady domestic production in the materials industry, efforts to contain the impact of higher raw material prices, continued strong overseas operations, improved non-operating income and expenses, and a decrease in extraordinary losses.」
For the full year, revenue and profits increased, with net sales of ¥21,819 million, operating income of ¥1,522 million, ordinary income of ¥1,669 million, and net income attributable to owners of the parent of ¥1,154 million. - FY2019-Q3AdvancedAnnual report
「The group's results for the nine months ended the third quarter were generally steady across its companies. Net sales were ¥16,443 million, an increase of ¥856 million from the year-earlier period. Operating income was ¥1,147 million, up ¥50 million year on year; ordinary income was ¥1,281 million, up ¥62 million; and net income attributable to owners of the parent was ¥903 million, up ¥77 million.」
Revenue growth continued, as did increases in operating income, ordinary income, and net income attributable to owners of the parent, demonstrating the improvement in results numerically. - FY2019-Q2AdvancedAnnual report
「The group's results for the six months ended the second quarter included net sales of ¥10,794 million, an increase of ¥404 million from the year-earlier period. Operating income was ¥710 million, up ¥25 million year on year; ordinary income was ¥778 million, up ¥26 million; and net income attributable to owners of the parent was ¥541 million, up ¥43 million.」
Revenue growth continued, as did increases in operating income, ordinary income, and net income attributable to owners of the parent, demonstrating the improvement in results numerically. - FY2019-Q1ReframedAnnual report
「The group's results for the six months ended the first quarter grew as all group companies increased sales. Consolidated net sales were ¥4,925 million, an increase of ¥188 million from the year-earlier period. Although the gross profit margin declined in some areas, group-wide operating income was ¥327 million, up ¥18 million year on year; ordinary income was ¥381 million, up ¥15 million; and net income attributable to owners of the parent was ¥262 million, up ¥9 million.」
The earnings profile is shifting from improving profits amid declining revenue to simultaneous revenue and profit growth. - FY2018-Q3AdvancedAnnual report
「The group's results for the nine months ended the third quarter were generally steady across its companies. Net sales were ¥15,586 million, an increase of ¥719 million from the year-earlier period. Operating income was ¥1,097 million, up ¥184 million year on year; ordinary income was ¥1,219 million, up ¥214 million; and net income attributable to owners of the parent was ¥825 million, up ¥149 million.」
Revenue turned higher, while the increases in operating income, ordinary income, and net income attributable to owners of the parent were also larger year on year. - FY2018-Q2AdvancedAnnual report
「Net sales were ¥10,390 million, an increase of ¥349 million from the year-earlier period. Operating income was ¥685 million, up ¥83 million year on year; ordinary income was ¥752 million, up ¥104 million; and net income attributable to owners of the parent was ¥498 million, up ¥68 million.」
Revenue turned higher, and operating income, ordinary income, and net income attributable to owners of the parent all exceeded the year-earlier period. - FY2018-Q1AdvancedAnnual report
「Earnings were as follows after cost reductions: operating profit of ¥308 million, an increase of ¥97 million from the same period a year earlier; ordinary profit of ¥366 million, an increase of ¥111 million; and profit attributable to owners of the parent of ¥253 million, an increase of ¥89 million.」
In addition to higher revenue, lower costs lifted operating income, ordinary income, and net income attributable to owners of the parent above the year-earlier period. - FY2017AdvancedAnnual report
「Although revenue declined slightly year on year, profit increased. …Operating profit of ¥1,195 million, an increase of ¥96 million from the previous period; ordinary profit of ¥1,298 million, an increase of ¥118 million」
The pattern of profit growth despite lower revenue was also confirmed for the full year, with operating profit up 8.8% and ordinary profit up 10.1%. - FY2017-Q3Wider profit growthAnnual report
「However, earnings were as follows after broad-based cost reductions: operating profit of ¥912 million, an increase of ¥133 million from the same period a year earlier; ordinary profit of ¥1,005 million, an increase of ¥147 million; and profit attributable to owners of the parent of ¥675 million, an increase of ¥91 million.」
Profit growth despite lower revenue continued, with the year-on-year increase in operating profit widening from ¥16 million in the previous quarter to ¥133 million. - FY2017-Q2RestatedAnnual report
「For the cumulative consolidated second quarter, revenue was ¥10,040 million, a decrease of ¥454 million from the same period a year earlier, partly due to the stronger yen. However, earnings were as follows: operating profit of ¥601 million, an increase of ¥16 million year on year; ordinary profit of ¥647 million, an increase of ¥23 million; and profit attributable to owners of the parent of ¥430 million, an increase of ¥11 million.」
The company continues to show a pattern of operating profit, ordinary profit and profit attributable to owners of the parent exceeding the year-earlier levels despite lower revenue. - FY2017-Q1First statedAnnual report
「However, earnings were as follows: operating profit of ¥211 million, an increase of ¥18 million from the same period a year earlier; ordinary profit of ¥254 million, an increase of ¥28 million; and profit attributable to owners of the parent of ¥164 million, an increase of ¥14 million.」
Although revenue declined, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the year-earlier levels.