Early recovery of upfront investments in the new plant, research and development, and talent acquisition
First written in FY2017. 8 of 26 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-11-13.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「On the profit front, initiatives to improve yields, reduce costs and enhance production efficiency are steadily contributing to improvement, but the process remains unfinished. The company will continue to make the institutionalization of improvement activities across all processes a key priority, and will strengthen the foundation for a return to profitability by continuing to improve yields, production efficiency and quality stability. As a result, net sales for the consolidated fiscal year under review were ¥263 million, up 23.3% from the previous fiscal year, while the operating loss was ¥129 million, compared with an operating loss of ¥145 million in the previous fiscal year.」
PIM net sales were ¥263 million, up 23.3% from the previous fiscal year, and the operating loss narrowed from ¥145 million to ¥129 million. The company is working to improve yields, reduce costs, enhance production efficiency and stabilize quality, but has not yet achieved profitability. - 2026-06-03AdvancedGeneral Meetings of Shareholders
「当連結会計年度においては自動車用ターボ部品及び高機能部品についても販売は順調に推移しました。」
PIMの販売増加により売上高は263百万円、前期比23.3％増となったが、営業損失129百万円で先行投資回収は未完了である。 - FY2026-H1MitigatedAnnual report
「Profitability remains under pressure, but we will continue working to improve productivity and stabilize quality through initiatives such as improving yields in the manufacturing process, stabilizing equipment operation, shortening changeover times, and reviewing work standards, with the aim of establishing a profitable business structure capable of operating independently. As a result, net sales for the interim consolidated accounting period under review were ¥127 million, up 9.1% year on year, while the operating loss was ¥59 million, compared with an operating loss of ¥64 million in the same period of the previous fiscal year.」
PIM remained in an operating loss position, but the operating loss narrowed from ¥64 million in the same period of the previous fiscal year to ¥59 million as the company worked to improve yields, stabilize equipment operation, shorten changeover times, and review work standards. Recovery of upfront investments and establishment of a profitable business structure remain incomplete. - FY2025WorsenedAnnual report
「In terms of profit, the operating loss widened for the full fiscal year due to increased costs associated with product launch and equipment maintenance.」
Although PIM net sales increased 54.3% from the previous fiscal year, the operating loss widened from ¥104 million to ¥145 million due to product launch, equipment maintenance and other costs, and the burden of recovering upfront investments continued. - FY2025-H1WorsenedAnnual report
「As a result, net sales for the interim consolidated accounting period under review were ¥116 million, up 63.2% year on year, while the operating loss was ¥64 million, compared with an operating loss of ¥39 million in the same period of the previous fiscal year.」
Although PIM net sales increased 63.2% year on year due to the resumption of mass-production shipments of automotive parts and other factors, the operating loss widened from ¥39 million to ¥64 million, worsening the earnings burden associated with recovering upfront investments. - FY2024WorsenedAnnual report
「In the PIM business, increased depreciation of development and mass-production equipment for automotive turbo components from the first quarter of the fiscal year under review resulted in a standalone operating loss for the PIM business.」
Regarding recovery of upfront investments, increased depreciation of equipment for automotive turbo components resulted in a ¥104 million operating loss for the PIM business. The company also recorded an impairment loss of ¥429 million on mass-production equipment and other assets. - FY2024-Q3WorsenedAnnual report
「In the PIM business, increased depreciation of development and mass-production equipment for automotive turbo components from the first quarter of the fiscal year under review resulted in a standalone operating loss. As a result, net sales for the 9-month period of the fiscal year under review were ¥98 million, down 18.8% year on year, and the operating loss was ¥73 million, compared with operating profit of ¥27 million in the same period of the previous fiscal year.」
Depreciation of development and mass-production equipment for automotive turbo components continued to increase, causing the standalone operating loss of the PIM business to widen to ¥73 million. The recovery of upfront investments continues to carry a cost burden. - FY2024-Q2WorsenedAnnual report
「In the PIM business, increased depreciation of development and mass-production equipment for automotive turbo components from the first quarter of the fiscal year under review resulted in a standalone operating loss of ¥39 million for the PIM business.」
Due to increased depreciation of development and mass-production equipment for automotive turbo components, the standalone operating loss of the PIM business reached ¥39 million. The loss widened from the ¥10 million operating loss in the previous quarter, and the recovery of upfront investments continues to carry a cost burden. - FY2024-Q1WorsenedAnnual report
「In the PIM business, increased depreciation of development and mass-production equipment for automotive turbo components resulted in a standalone operating loss of ¥10 million for the PIM business.」
Depreciation of development and mass-production equipment for automotive turbo components increased substantially, resulting in a standalone operating loss of ¥10 million for the PIM business. The recovery of upfront investments continues to carry a cost burden. - FY2021-Q3AdvancedAnnual report
「In terms of costs, selling, general and administrative expenses were substantially reduced by ¥114 million, or 11.8%, year on year during the 9-month period of the fiscal year under review.」
As part of cost management aimed at recovering upfront investments and strengthening financial soundness, selling, general and administrative expenses were reduced by ¥114 million, or 11.8%, year on year. - FY2020WorsenedAnnual report
「In addition, due to higher research and development expenses for the automotive parts business positioned as a core business for the next generation, depreciation of development equipment, and recruitment costs for executives, selling, general and administrative expenses reached a record high of ¥1,273 million, up ¥110 million from the previous fiscal year, and group consolidated operating profit decreased by ¥52 million.」
Expenses including research and development for the automotive parts business, development equipment, and the recruitment of executives increased, resulting in record-high selling, general and administrative expenses of ¥1,273 million, up ¥110 million from the previous fiscal year, and putting downward pressure on operating profit. - FY2020-Q3WorsenedAnnual report
「Meanwhile, expenses including research and development for the automotive parts business positioned as a core business for the next generation, depreciation of development equipment, and recruitment costs for executives increased by ¥120 million, or 14.2%, year on year, resulting in a ¥69 million decrease in group consolidated operating profit.」
Costs related to growth investments, including research and development for the automotive parts business, development equipment, and the recruitment of executives, increased by ¥120 million, or 14.2%, year on year, and operating profit decreased by ¥69 million. - FY2020-Q2Higher expenses and pressure on profits from growth investmentAnnual report
「Meanwhile, selling, general and administrative expenses increased by ¥100 million year on year, reflecting research and development expenses for the automotive parts business positioned as a core business for the next generation, depreciation of development equipment, and recruitment costs for mid-career executives. As the increase in selling, general and administrative expenses exceeded the increase in gross profit, group consolidated operating profit decreased by ¥40 million year on year.」
Costs related to growth investments, including research and development for the automotive parts business, development equipment, and the recruitment of executives, increased by ¥100 million year on year, reducing operating profit by ¥40 million year on year. - FY2019AdvancedAnnual report
「In the first year of this initiative, the consolidated fiscal year under review, group consolidated net sales grew strongly, increasing 10.7%, driven by two consecutive years of double-digit growth in the semiconductor materials business, up 21.7% year on year, and higher revenue in the PIM business, up 62.4%. Net sales came close to the ¥3 billion target set for 3 years later. Net income also improved to 1.54 times the previous fiscal year's level. From a financial perspective, borrowings decreased 11% from the previous fiscal year, while the EBITDA multiple, calculated as the number of years of borrowings divided by operating profit plus depreciation, improved from 5.8 years to 4.9 years. Management reform is progressing generally as planned.」
The company reported first-year progress toward recovering upfront investments and strengthening its financial position, with net sales approaching the ¥3 billion target for 3 years later, borrowings down 11%, and the EBITDA multiple improving from 5.8 years to 4.9 years. - FY2019-Q3RestatedAnnual report
「We have set minimum non-negotiable targets of revenue of ¥3 billion, operating profit of at least ¥300 million and an operating margin of at least 10% over the 3-year period through the fiscal year ending March 2021, including the first 3 quarters of the current fiscal year, and are pursuing management reform. At the same time, by maximizing EBITDA (operating profit plus depreciation), we are working to recover the major investment associated with construction of the new plant as soon as possible and build a solid financial base.」
The company continues to pursue its numerical targets through the fiscal year ending March 2021, EBITDA maximization and management reform to recover the major investment associated with construction of the new plant at an early stage. - FY2019-Q2RestatedAnnual report
「We have set minimum non-negotiable targets of revenue of ¥3 billion, operating profit of at least ¥300 million and an operating margin of at least 10% over the 3-year period through the fiscal year ending March 2021, including the first 2 quarters of the current fiscal year, and are pursuing management reform following a complete overhaul of our management structure. To recover the major investment associated with construction of the new plant as soon as possible, we are maximizing EBITDA (operating profit plus depreciation) and restraining investment.」
The company reaffirmed its numerical targets through the fiscal year ending March 2021 and its policies of maximizing EBITDA and restraining investment to recover the major investment associated with construction of the new plant at an early stage. - FY2019-Q1RaisedAnnual report
「We have set net sales of ¥3 billion, operating profit of ¥300 million, and an operating margin of at least 10% by the fiscal year ending March 2021 as minimum mandatory targets. To recover the major investment associated with construction of the new plant at an early stage, we will maximize EBITDA, defined as operating profit plus depreciation, and restrain investment.」
For the early recovery of upfront investments, the company established a specific framework comprising minimum mandatory targets for net sales, operating profit and operating margin through the fiscal year ending March 2021, together with EBITDA maximization and investment restraint. - FY2018RestatedAnnual report
「For our group, the early recovery of upfront investments in construction of the new plant, research and development for our future expansion and growth strategy, and the recruitment of immediately productive personnel has become an urgent priority.」
The early recovery of upfront investments in the new plant, research and development, and the recruitment of immediately productive personnel remains an urgent priority. - FY2018-Q3RestatedAnnual report
「Meanwhile, selling, general and administrative expenses totaled ¥850 million, up ¥99 million year on year, mainly due to higher research and development expenses for the future expansion and growth strategy and the recruitment of immediately productive personnel.」
Upfront investments in research and development and the recruitment of immediately productive personnel for future expansion and growth continued, resulting in a ¥99 million year-on-year increase in selling, general and administrative expenses. The completion of investment recovery was not disclosed. - FY2018-Q2RestatedAnnual report
「Meanwhile, selling, general and administrative expenses increased by ¥71 million year on year, mainly due to higher research and development expenses for the future expansion and growth strategy and the recruitment of immediately productive personnel.」
Upfront investments in research and development for the expansion and growth strategy and the recruitment of immediately productive personnel continued, resulting in a ¥71 million year-on-year increase in selling, general and administrative expenses. The completion of investment recovery was not disclosed. - FY2018-Q1RestatedAnnual report
「Meanwhile, selling, general and administrative expenses increased by ¥29 million year on year, mainly due to higher research and development expenses for the future expansion and growth strategy and the recruitment of immediately productive personnel.」
Upfront investments in the new plant, research and development, and talent acquisition continued, resulting in a ¥29 million year-on-year increase in selling, general and administrative expenses. No new disclosure was made regarding the achievement of investment recovery. - FY2017First statedAnnual report
「For our group, the early recovery of upfront investments in construction of the new plant, research and development for our future expansion and growth strategy, and the recruitment of immediately productive personnel has become an urgent priority.」
The company has, for the first time, explicitly identified the early recovery of upfront investments in construction of the new plant, PIM-focused research and development, and the recruitment of immediately productive personnel as an urgent priority.