Deterioration in performance due to lower sales and losses
First written in FY2017-Q2. 6 of 38 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-11-13.
The whole theme swung hardest in 2020: 8 of 28 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026AdvancedAnnual report
「Net sales for the fiscal year were ¥8,139 million, above the previous fiscal year and up 4.4% year on year. Operating income was ¥299 million, up 81.0%, ordinary income was ¥241 million, up 118.3%, and net income attributable to owners of the parent was ¥202 million, up 1.1%.」
Full-year net sales were ¥8,139 million, operating income was ¥299 million, and ordinary income was ¥241 million, with operating income and ordinary income substantially above the previous fiscal year. - FY2026-H1AdvancedAnnual report
「Net sales for the first-half period were ¥4,114 million, above the same period of the previous year and up 8.5% year on year. Operating income was ¥132 million, up 159.8%, and ordinary income was ¥103 million, up 316.6%. Net income attributable to owners of the parent was ¥86 million, down 55.8% year on year, due mainly to the absence of gains on sales of investment securities recorded in the same period of the previous year.」
Company-wide net sales were ¥4,114 million, operating income was ¥132 million, and ordinary income was ¥103 million, with operating income and ordinary income above the same period of the previous year. Meanwhile, net income attributable to owners of the parent declined due to the absence of gains on sales of investment securities. - FY2025-H1AdvancedAnnual report
「Operating income was ¥50 million, compared with an operating loss of ¥277 million in the same period of the previous year, and ordinary income was ¥24 million, compared with an ordinary loss of ¥277 million. Net income attributable to owners of the parent was ¥194 million, compared with a net loss attributable to owners of the parent of ¥192 million, due mainly to the recognition of gains on sales of investment securities.」
Company-wide operating and ordinary losses of ¥277 million each in the same period of the previous year turned into operating income of ¥50 million and ordinary income of ¥24 million. Net income attributable to owners of the parent also turned from a loss of ¥192 million into income of ¥194 million. - FY2024-Q3WorsenedAnnual report
「Net sales for the third quarter cumulative period were ¥5,438 million, below the same period of the previous year and down 5.7% year on year, due mainly to lower shipments of certain products. Operating loss was ¥578 million, compared with operating income of ¥251 million in the same period of the previous year, ordinary loss was ¥503 million, compared with ordinary income of ¥215 million, and net loss attributable to owners of the parent was ¥381 million, compared with net income attributable to owners of the parent of ¥168 million, due to lower net sales, reduced production volume, and persistently high prices for key raw materials and fuels.」
In the third-quarter cumulative period, net sales fell 5.7% year on year, and operating profit or loss, ordinary profit or loss, and profit or loss attributable to owners of the parent all turned from profits in the same period of the previous year into losses. - FY2024-Q2WorsenedAnnual report
「Net sales for the first-half cumulative period were ¥3,546 million, below the same period of the previous year and down 9.0% year on year, due mainly to lower shipments of certain products. In terms of profit and loss, operating loss was ¥277 million, compared with operating income of ¥216 million in the same period of the previous year, ordinary loss was ¥277 million, compared with ordinary income of ¥184 million, and net loss attributable to owners of the parent was ¥192 million, compared with net income attributable to owners of the parent of ¥159 million, due to lower net sales, reduced production volume, and persistently high prices for key raw materials and fuels.」
The first-half cumulative period recorded lower sales, with operating income, ordinary income, and income attributable to owners of the parent each turning into a loss. - FY2024-Q1First-quarter sales declined and turned to a lossAnnual report
「Net sales for the three months ended 30 June 2023 were ¥1,931 million, down 13.8% year on year, due to a decline in shipments of some products. In terms of income, the decline in net sales, lower production volume and persistently high prices for major raw materials and fuels resulted in an operating loss of ¥39 million, compared with operating income of ¥185 million in the same period of the previous year, an ordinary loss of ¥37 million, compared with ordinary income of ¥190 million, and a loss attributable to owners of the parent of ¥26 million, compared with profit attributable to owners of the parent of ¥136 million.」
First-quarter net sales fell 13.8% year on year, while operating income, ordinary income, and income attributable to owners of the parent each turned into a loss. - FY2023Full-year revenue decline and higher operating profitAnnual report
「Net sales for the fiscal year were ¥8,070 million, below the previous fiscal year and down 1.0% year on year, despite revising sales prices in response to surging prices for key raw materials and fuels, due mainly to lower shipments of certain products. Despite the impact of surging prices for key raw materials and fuels, operating income was ¥385 million, up 3.3% year on year, due to revised sales prices and cost reductions.」
The full year recorded lower sales, while operating income rose 3.3% year on year due to revised sales prices and cost reductions. - FY2023-Q3Lower Nine-Month Sales and ProfitAnnual report
「Net sales for the third quarter cumulative period were ¥5,770 million, below the same period of the previous year and down 0.4% year on year, despite revising sales prices in response to surging prices for key raw materials and fuels, due mainly to lower shipments of certain products. Operating income was ¥251 million, down 16.8% year on year, ordinary income was ¥215 million, down 6.4%, and net income attributable to owners of the parent was ¥168 million, down 11.4%, due to lower net sales and surging prices for key raw materials and fuels.」
In the third-quarter cumulative period, net sales, operating income, ordinary income, and net income attributable to owners of the parent all declined from the higher sales and profits recorded in the same period of the previous year. - FY2023-Q2First-half cumulative period recorded higher sales, lower operating profit, and higher ordinary profitAnnual report
「Net sales for the first-half cumulative period were ¥3,895 million, above the same period of the previous year and up 3.7% year on year, as product demand recovered while activity restrictions related to COVID-19 were eased, in addition to sales prices being revised in response to surging prices for key raw materials and fuels, despite lower shipments of certain products. Although net sales increased due to recovering demand and revised sales prices, operating income was ¥216 million, down 3.1% year on year, due to the impact of surging prices for key raw materials and fuels. Ordinary income was ¥184 million, up 18.3%, and net income attributable to owners of the parent was ¥159 million, up 34.3%, because the syndicated loan fee recorded in non-operating expenses in the same period of the previous year was only minor in the current first-half cumulative period.」
Net sales rose 3.7% year on year, while operating income fell 3.1%. Ordinary income and net income attributable to owners of the parent increased due to the reduction in syndicated loan fees. - FY2023-Q1Continued higher revenue and profit in the first quarterAnnual report
「Net sales for the first quarter cumulative period were ¥2,239 million, above the same period of the previous year and up 18.8% year on year, as product demand recovered while activity restrictions related to COVID-19 were eased, in addition to sales prices being revised in response to surging prices for key raw materials and fuels. Despite the impact of higher prices for key raw materials and fuels, operating income was ¥185 million, up 28.4% year on year, ordinary income was ¥190 million, up 94.7%, and net income attributable to owners of the parent was ¥136 million, up 125.2%, owing to higher net sales from recovering demand and revised sales prices, as well as cost reductions from higher production volume.」
Against the backdrop of the continuing recovery in demand from the previous fiscal year, revised sales prices and cost reductions from higher production volume also contributed, resulting in higher sales and profits in the first quarter. - FY2022Higher sales and profits for the full year, with a return to profitabilityAnnual report
「Net sales for the fiscal year were ¥8,149 million, above the previous fiscal year and up 29.7% year on year, due to strong shipments of certain products and recovering product demand as economic activity, which had contracted due to COVID-19, began to recover. Despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and surging prices for key raw materials and fuels, operating income was ¥373 million, compared with an operating loss of ¥64 million in the previous fiscal year, ordinary income was ¥287 million, compared with an ordinary loss of ¥150 million, and net income attributable to owners of the parent was ¥265 million, compared with a net loss attributable to owners of the parent of ¥178 million, owing to higher net sales and increased production volume.」
For the fiscal year ending March 2022, operating income was ¥373 million, ordinary income was ¥287 million, and net income attributable to owners of the parent was ¥265 million, returning to profitability from operating, ordinary, and attributable net losses in the previous fiscal year. - FY2022-Q3Third-quarter cumulative period recorded higher sales and profits and returned to profitabilityAnnual report
「Net sales for the third quarter cumulative period were ¥5,791 million, above the same period of the previous year and up 34.6% year on year, due to strong shipments of certain products and recovering product demand as economic activity, which had contracted due to COVID-19, began to recover. Despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and surging prices for key raw materials and fuels, operating income was ¥301 million, compared with an operating loss of ¥154 million in the same period of the previous year, ordinary income was ¥229 million, compared with an ordinary loss of ¥224 million, and net income attributable to owners of the parent was ¥190 million, compared with a net loss attributable to owners of the parent of ¥255 million, owing to higher net sales and increased production volume.」
The third-quarter cumulative period recorded net sales of ¥5,791 million, operating income of ¥301 million, ordinary income of ¥229 million, and net income attributable to owners of the parent of ¥190 million, returning to profitability from losses in the same period of the previous year. - FY2022-Q2First-half cumulative period recorded higher sales and profits and returned to profitabilityAnnual report
「Net sales for the first-half cumulative period were ¥3,757 million, above the same period of the previous year and up 38.1% year on year, due to strong shipments of certain products and recovering product demand as economic activity, which had contracted due to COVID-19, began to recover. Despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and surging prices for key raw materials and fuels, operating income was ¥223 million, compared with an operating loss of ¥78 million in the same period of the previous year, ordinary income was ¥156 million, compared with an ordinary loss of ¥120 million, and net income attributable to owners of the parent was ¥118 million, compared with a net loss attributable to owners of the parent of ¥129 million, owing to higher net sales and operating rates of facilities.」
The first-half cumulative period recorded net sales of ¥3,757 million, operating income of ¥223 million, ordinary income of ¥156 million, and net income attributable to owners of the parent of ¥118 million, returning to profitability from losses in the same period of the previous year. - FY2022-Q1First-Quarter Sales and Profit GrowthAnnual report
「Net sales for the first quarter cumulative period were ¥1,885 million, above the same period of the previous year and up 33.7% year on year, due to strong shipments of certain products and recovering product demand as economic activity, which had contracted due to COVID-19, began to recover. Despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and surging prices for key raw materials and fuels, operating income was ¥144 million, up 91.7% year on year, ordinary income was ¥97 million, up 32.2%, and net income attributable to owners of the parent was ¥60 million, up 13.6%, owing to higher net sales and operating rates of facilities.」
From the lower demand and profit levels in the first quarter of the previous fiscal year, the first quarter recorded net sales of ¥1,885 million, operating income of ¥144 million, ordinary income of ¥97 million, and net income attributable to owners of the parent of ¥60 million, resulting in higher sales and profits. - FY2021Full-year falls into the redAnnual report
「As a result, net sales for the fiscal year were ¥6,284 million, below the previous fiscal year and down 28.3% year on year, due mainly to the rapid contraction in economic activity caused by the global COVID-19 pandemic. Meanwhile, in terms of profit and loss, operating loss was ¥64 million, compared with operating income of ¥514 million in the previous fiscal year, ordinary loss was ¥150 million, compared with ordinary income of ¥512 million, and net loss attributable to owners of the parent was ¥178 million, compared with net income attributable to owners of the parent of ¥401 million, due to the substantial decline in net sales and lower operating rates of facilities.」
The cumulative-period losses continued through the full year, with net sales down 28.3% year on year and operating income, ordinary income, and net income attributable to owners of the parent all turning into losses. - FY2021-Q3Third-quarter cumulative period turned to a loss and the deficit widenedAnnual report
「As a result, net sales for the third quarter cumulative period were ¥4,301 million, below the same period of the previous year and down 34.6% year on year, due mainly to the rapid contraction in economic activity caused by the global COVID-19 pandemic. Meanwhile, in terms of profit and loss, operating loss was ¥154 million, compared with operating income of ¥325 million in the same period of the previous year, ordinary loss was ¥224 million, compared with ordinary income of ¥324 million, and net loss attributable to owners of the parent was ¥255 million, compared with net income attributable to owners of the parent of ¥270 million, due to the substantial decline in net sales and lower operating rates of facilities.」
Net sales for the third-quarter cumulative period fell 34.6% year on year, while operating income, ordinary income, and net income attributable to owners of the parent each turned into losses of ¥154 million, ¥224 million, and ¥255 million, respectively. - FY2021-Q2First-half cumulative period turned to a lossAnnual report
「Meanwhile, in terms of profit and loss, operating loss was ¥78 million, compared with operating income of ¥298 million in the same period of the previous year, ordinary loss was ¥120 million, compared with ordinary income of ¥291 million, and net loss attributable to owners of the parent was ¥129 million, compared with net income attributable to owners of the parent of ¥226 million, due to the substantial decline in net sales and lower operating rates of facilities.」
From recording profits in the first quarter, the first-half cumulative period turned to operating loss of ¥78 million, ordinary loss of ¥120 million, and net loss attributable to owners of the parent of ¥129 million. - FY2021-Q1First-quarter profit recorded amid COVID-19Annual report
「As a result, revenue for the cumulative first quarter was ¥1,410 million, operating income was ¥75 million, ordinary income was ¥74 million and net income attributable to owners of the parent was ¥53 million.」
Although the decline in demand due to COVID-19 is noted, net sales were ¥1,410 million, operating income was ¥75 million, ordinary income was ¥74 million, and net income attributable to owners of the parent was ¥53 million for the first quarter cumulative period. No comparative analysis with the same period of the previous year was conducted. - FY2020Full-year profit recorded in the first year of consolidationAnnual report
「As a result, revenue for the consolidated fiscal year was ¥8,761 million, operating income was ¥514 million, ordinary income was ¥512 million and net income attributable to owners of the parent was ¥401 million.」
For the full-year results in the first year of preparing consolidated financial statements, the company recorded revenue, operating income, ordinary income and net income attributable to owners of the parent. - FY2020-Q3Profit recorded for the cumulative third quarterAnnual report
「As a result, revenue for the cumulative third quarter was ¥6,580 million, operating income was ¥325 million, ordinary income was ¥324 million and net income attributable to owners of the parent was ¥270 million.」
For the cumulative third quarter, the company recorded revenue of ¥6,580 million, operating income of ¥325 million, ordinary income of ¥324 million and net income attributable to owners of the parent of ¥270 million. - FY2020-Q2Profit recorded for the cumulative second quarterAnnual report
「As a result, revenue for the cumulative second quarter was ¥4,149 million, operating income was ¥298 million, ordinary income was ¥291 million and net income attributable to owners of the parent was ¥226 million.」
Although no year-on-year comparison was made because the company began preparing consolidated financial statements, it recorded revenue, operating income, ordinary income and net income attributable to owners of the parent for the cumulative second quarter. - FY2020-Q1Continued higher revenue and profit in the first quarterAnnual report
「As a result, despite the impact of ending sales of pigment-grade titanium oxide, increased production capacity for ultrafine titanium oxide contributed to revenue of ¥2,040 million for the cumulative first quarter, above the same period of the previous year and up 6.5% year on year. Despite higher raw material and fuel prices, the increase in revenue and other factors resulted in operating income of ¥204 million, up 22.7% year on year, ordinary income of ¥200 million, up 22.1%, and net income for the quarter of ¥159 million, up 0.1%.」
Despite the end of sales of pigment-grade titanium oxide and higher raw material and fuel prices, increased production capacity and higher revenue lifted first-quarter revenue, operating income and ordinary income above the same period of the previous year. - FY2019Substantial full-year improvement in revenue and earningsAnnual report
「As a result, shipment volumes of functional titanium oxide products and iron oxide increased substantially, bringing full-year revenue to ¥8,213 million, up 25.6% from the previous fiscal year. In terms of earnings, despite higher raw material and fuel prices, the substantial increase in revenue and higher facility operating rates resulted in operating income of ¥563 million, up 651.8%, ordinary income of ¥541 million, up 717.9%, and net income of ¥560 million, up 268.9%.」
Full-year revenue was ¥8,213 million, operating income was ¥563 million, ordinary income was ¥541 million and net income was ¥560 million, representing substantial improvement from the previous year. - FY2019-Q3Wider profit in the cumulative third quarterAnnual report
「As a result, shipment volumes of functional titanium oxide products and iron oxide increased substantially, bringing revenue for the cumulative third quarter to ¥5,943 million, up 26.7% year on year. In terms of earnings, despite higher raw material prices, the substantial increase in revenue and higher facility operating rates resulted in operating income of ¥374 million, compared with an operating loss of ¥33 million in the same period of the previous year, ordinary income of ¥363 million, compared with an ordinary loss of ¥42 million, and net income for the quarter of ¥348 million, compared with a net loss of ¥53 million.」
For the cumulative third quarter, revenue was ¥5,943 million, operating income was ¥374 million, ordinary income was ¥363 million and net income for the quarter was ¥348 million, representing a shift to profitability from the respective losses in the same period of the previous year. - FY2019-Q2Cumulative second-quarter shift to profitability and earnings improvementAnnual report
「In terms of earnings, despite higher raw material prices, the substantial increase in revenue and higher facility operating rates resulted in operating income of ¥246 million, compared with an operating loss of ¥44 million in the same period of the previous year, ordinary income of ¥236 million, compared with an ordinary loss of ¥62 million, and net income for the quarter of ¥217 million, compared with a net loss of ¥72 million.」
The cumulative second quarter shifted from operating, ordinary and net losses in the same period of the previous year to profits of ¥246 million, ¥236 million and ¥217 million, respectively. - FY2019-Q1Substantial first-quarter earnings improvementAnnual report
「As a result, shipment volumes of functional titanium oxide products and iron oxide increased substantially, bringing revenue for the cumulative first quarter to ¥1,915 million, up 22.5% year on year. In terms of earnings, despite higher raw material prices, the substantial increase in revenue and higher facility operating rates resulted in operating income of ¥166 million, compared with ¥11 million in the same period of the previous year, ordinary income of ¥164 million, compared with ¥6 million, and net income for the quarter of ¥159 million, compared with ¥2 million.」
Revenue increased 22.5% year on year, and operating income, ordinary income and net income for the quarter all increased substantially. - FY2018Full-year earnings improvementAnnual report
「As a result, shipment volumes of lithium titanate and iron oxide increased, bringing revenue for the fiscal year to ¥6,540 million, above the previous fiscal year and up 3.5%. Operating income was ¥74 million, up 95.7%, and ordinary income was ¥66 million, up 173.2%.」
After recording losses on a cumulative quarterly basis, the company reported higher full-year revenue and recorded operating income, ordinary income and net income. - FY2018-Q3Revenue increased, but losses narrowedAnnual report
「As a result, shipment volumes of lithium titanate and iron oxide increased, bringing revenue for the cumulative third quarter to ¥4,691 million, 2.2% above the same period of the previous year. In terms of earnings, although revenue increased, the company reported an operating loss of ¥33 million, compared with an operating loss of ¥44 million in the same period of the previous year, an ordinary loss of ¥42 million, compared with an ordinary loss of ¥53 million, and a net loss for the quarter of ¥53 million, compared with a net loss of ¥61 million, due to the costs of FDA review for overseas expansion, compliance with European REACH requirements, and higher raw material and fuel prices.」
Revenue increased 2.2% year on year, and the operating, ordinary and net losses for the quarter all narrowed from the same period of the previous year, although losses continued to be recorded. - FY2018-Q2Revenue increased, but losses widenedAnnual report
「Although revenue increased, the company reported an operating loss of ¥44 million, compared with an operating loss of ¥40 million in the same period of the previous year, an ordinary loss of ¥62 million, compared with an ordinary loss of ¥53 million, and a net loss for the quarter of ¥72 million, compared with a net loss of ¥60 million, due to the costs of FDA review for overseas expansion, compliance with European REACH requirements, and higher raw material costs.」
Revenue increased 7.0% year on year, while the operating loss, ordinary loss and net loss for the quarter all widened from the same period of the previous year. - FY2018-Q1Revenue increased, but profits declined substantiallyAnnual report
「In terms of profit and loss, although revenue increased, operating income was ¥11 million, down 60.3% year on year, ordinary income was ¥6 million, down 77.6%, and quarterly net income was ¥2 million, down 91.9%, due to increases in research and development expenses and raw material costs, among other factors.」
Revenue increased 0.8% year on year, while operating income, ordinary income and net income for the quarter all declined substantially, indicating deterioration in earnings. However, the quarter remained profitable rather than loss-making. - FY2017Full-year shift from losses to profitsAnnual report
「Although revenue increased, lower facility operating rates and higher miscellaneous expenses reduced operating income to ¥38 million, down 78.4% from the previous fiscal year, and ordinary income to ¥24 million, down 82.8%. The company also recorded impairment losses and losses on the disposal of fixed assets as extraordinary losses. However, because the obligation to repay the subsidy received from the Ministry of Economy, Trade and Industry for the installation of lithium titanate facilities expired, subsidy income was recorded as an extraordinary gain, resulting in net income of ¥145 million, up 17.4% from the previous fiscal year.」
After recording losses in the cumulative second and third quarters, the company recorded full-year operating income of ¥38 million, ordinary income of ¥24 million and net income of ¥145 million. Operating income and ordinary income, however, declined substantially year on year. - FY2017-Q3RestatedAnnual report
「Due to lower revenue, a decline in the operating rate of facilities and higher miscellaneous expenses, the operating loss was ¥44 million, compared with operating income of ¥102 million in the same period of the previous year, the ordinary loss was ¥53 million, compared with ordinary income of ¥85 million, and the net loss for the quarter was ¥61 million, compared with net income of ¥77 million.」
The decline in revenue and the recognition of operating, ordinary and net losses for the quarter continued through the cumulative third quarter. - FY2017-Q2First statedAnnual report
「As a result, despite such achievements as the decision to adopt new ultrafine titanium oxide products, shipment volumes of lithium titanate declined substantially. Revenue for the cumulative second quarter was therefore ¥2,887 million, down 9.3% year on year. In terms of earnings, the operating loss was ¥40 million, compared with operating income of ¥73 million in the same period of the previous year, the ordinary loss was ¥53 million, compared with ordinary income of ¥58 million, and the net loss for the quarter was ¥60 million, compared with net income of ¥52 million, due to lower revenue, a decline in the operating rate of facilities and higher miscellaneous expenses.」
Alongside the decline in revenue, the filing reported a shift from operating income, ordinary income and net income for the quarter in the same period of the previous year to an operating loss of ¥40 million, an ordinary loss of ¥53 million and a net loss for the quarter of ¥60 million, respectively.