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Ryoyu Systems (4685) · InitiativeRestatedLatest Earnings (2026-10-30): "Worsened"

Improving productivity and project profitability

First written in FY2016. 11 of 28 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-10-30.

28entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2019-Q2 – FY2020AdvancedFY2022-Q1 – FY2022-Q3AdvancedFY2025-H12016: 220162017: 420172018: 420182019: 420192020: 420202021: 320212022: 120222023: 220232024: 220242025: 020252026: 22026
Same theme, other companies
Improving the Earnings Structure Through Higher Profitability by Contracted ProjectA theme 8 companies write about · 0 as a headwind · 8 as a tailwind

Ryoyu Systems moved to the "Worse" side of this theme in 2017.

The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-30WorsenedEarnings

    「昨今の技術変革への対応力・リテラシーの強化を含めた人材育成や若手の早期戦力化を目的とした要員配置等の施策に伴う販売費及び一般管理費の増加等により、営業利益19億45百万円(前年同期比 11.8%減)、経常利益20億45百万円(前年同期比 9.6%減)、親会社株主に帰属する中間純利益12億85百万円(前年同期比 19.3%減)となりました。」

    人材育成・要員配置等の施策に伴う販売費及び一般管理費の増加を要因として、営業利益、経常利益、親会社株主に帰属する中間純利益が前年同期比で減少している。
  2. FY2026RestatedAnnual report

    「During the fiscal year, we worked to thoroughly manage projects in large-scale systems development and expand orders in adjacent fields, deepen relationships with existing customers in areas such as analysis and design and AI, conduct proactive sales activities and promote business development in fields such as information security and generative AI, optimize personnel allocation, strengthen company-wide functions including quality improvement, and promote cybersecurity measures in our business operations.」

    The company continues project management and quality improvement for large-scale system development projects, but no milestones have been presented for completion of the initiative or for profitability improvements in individual projects.
  3. FY2025-H1AdvancedAnnual report

    「Earnings benefited from higher profits accompanying increased sales, improved productivity and other factors, resulting in operating income of ¥1,843 million (up 48.9% year on year), ordinary income of ¥1,862 million (up 49.1%) and interim net income attributable to owners of the parent of ¥1,241 million (up 55.3%).」

    Operating income, ordinary income and interim net income attributable to owners of the parent increased 48.9%, 49.1% and 55.3%, respectively, year on year, mainly due to improved productivity and other factors.
  4. FY2024-Q3RestatedAnnual report

    「During the third quarter of the fiscal year, we thoroughly managed large-scale development projects, conducted proactive sales activities and expanded orders in new fields such as low-code development, cloud, digital technologies and information security, as well as in analysis and design, and achieved the acquisition of new customers and the identification of new customer needs as a result.」

    Project management for large-scale development projects is continuing. As there is no disclosure indicating completion of individual productivity improvements or profitability improvements, substantive progress remains subject to reconfirmation.
  5. FY2024-Q2RestatedAnnual report

    「During the second quarter of the fiscal year, we worked to clarify the project execution structure and expand orders for large-scale development projects, conduct proactive sales activities in new fields such as low-code development, cloud, digital technologies and information security, develop management personnel capable of leading transformation and innovation, accelerate the review of our educational framework and reform of our personnel systems, and promote the development of internal systems to strengthen business process management.」

    The company is working to clarify the project execution structure for large-scale development projects, but no quantitative milestones have been presented for profitability improvements in individual projects or completion of the initiative.
  6. FY2024-Q1RestatedAnnual report

    「During the first quarter of the fiscal year, we worked to thoroughly manage projects and expand orders in large-scale development projects, conduct proactive sales activities using low-code development, cloud and digital technologies, develop management personnel capable of leading transformation and innovation, accelerate the review of our educational framework and reform of our personnel systems, and promote the development of internal systems to strengthen business process management.」

    The company continues to strengthen project management for large-scale development projects, but no milestones have been presented for completion of the initiative itself or for profitability improvements in individual projects.
  7. FY2022-Q3AdvancedAnnual report

    「During the cumulative third-quarter consolidated period, although sales of system equipment declined, net sales were ¥21,110 million, broadly unchanged year on year (down 2.5%), reflecting the steady receipt of orders for system development projects and other factors. Earnings improved from the year-earlier period due to higher productivity in each system development project and other factors, with operating income of ¥1,440 million (up 9.4%), ordinary income of ¥1,548 million (up 16.6%) and net income attributable to owners of the parent of ¥1,029 million (up 29.0%).」

    While net sales declined 2.5% year on year due to lower sales of system equipment, operating income increased 9.4%, ordinary income increased 16.6% and net income attributable to owners of the parent increased 29.0%, reflecting higher productivity in each system development project and other factors.
  8. FY2022-Q2AdvancedAnnual report

    「During the second quarter, although sales of system equipment declined, net sales were ¥13,943 million, broadly unchanged year on year (down 0.6%), reflecting the steady receipt of orders for system development projects and other factors. Earnings improved from the year-earlier period due to higher productivity in each system development project and other factors, with operating income of ¥816 million (up 25.1%), ordinary income of ¥891 million (up 36.0%) and net income attributable to owners of the parent of ¥595 million (up 38.1%).」

    While net sales declined 0.6% year on year due to higher productivity in each system development project and other factors, operating income increased 25.1%, ordinary income increased 36.0% and net income attributable to owners of the parent increased 38.1%.
  9. FY2022-Q1AdvancedAnnual report

    「During the first quarter, net sales were ¥7,114 million, broadly unchanged year on year (up 0.5%), reflecting the steady receipt of orders for system development projects and other factors. Earnings improved from the year-earlier period due to higher productivity in each system development project and other factors, with operating income of ¥404 million (up 56.0%), ordinary income of ¥419 million (up 61.4%) and net income attributable to owners of the parent of ¥266 million (up 61.0%).」

    Operating income, ordinary income and net income attributable to owners of the parent improved year on year due to higher productivity in each system development project and other factors.
  10. FY2021-Q3WorsenedAnnual report

    「In the third quarter, net sales decreased to ¥21,654 million (¥23,270 million, down 6.9%) due to lower orders from major customers for system equipment sales and system development. Profit and loss decreased due to lower profit accompanying the decline in sales, lower capacity utilization, and the recognition of an extraordinary loss, specifically an impairment loss, following the decision to sell land and buildings held by the company, among other factors. Operating profit was ¥1,316 million (¥1,751 million, down 24.8%), ordinary profit was ¥1,327 million (¥1,764 million, down 24.8%), and net income attributable to owners of the parent was ¥798 million (¥1,191 million, down 33.0%).」

    Due to lower orders, a decline in the operating rate and the recording of impairment losses, cumulative third-quarter net sales decreased 6.9% year on year, operating income and ordinary income decreased 24.8%, and net income attributable to owners of the parent decreased 33.0%.
  11. FY2021-Q2WorsenedAnnual report

    「In the second quarter, net sales decreased to ¥14,032 million (¥15,132 million, down 7.3%) due to lower orders from major customers for system equipment sales and system development. Profit and loss decreased due to lower profit accompanying the decline in sales and lower capacity utilization, among other factors. Operating profit was ¥652 million (¥960 million, down 32.0%), ordinary profit was ¥655 million (¥970 million, down 32.5%), and net income attributable to owners of the parent was ¥431 million (¥643 million, down 32.9%).」

    Due to lower orders from major customers and lower capacity utilization, cumulative second-quarter net sales fell 7.3% year on year, operating profit fell 32.0%, ordinary profit fell 32.5%, and quarterly net income attributable to owners of the parent fell 32.9%.
  12. FY2021-Q1WorsenedAnnual report

    「In the first quarter, net sales decreased to ¥7,080 million (¥7,386 million, down 4.1%) because orders from major customers for system equipment sales and other products declined. Profit and loss also decreased due to lower sales and higher costs for developing the internal system environment to improve productivity, among other factors. Operating profit was ¥259 million (¥379 million, down 31.6%), ordinary profit was ¥260 million (¥381 million, down 31.9%), and net income attributable to owners of the parent was ¥165 million (¥244 million, down 32.4%).」

    Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were below the same period of the previous year due to lower orders from major customers and higher costs for developing the internal system environment, among other factors.
  13. FY2020AdvancedAnnual report

    「Profit and loss improved due to rigorous project management and productivity gains on individual system development projects, among other factors. Operating profit was ¥2,582 million (¥2,301 million in the previous fiscal year, up 12.2%), ordinary profit was ¥2,595 million (¥2,305 million, up 12.6%), and net income attributable to owners of the parent was ¥1,680 million (¥1,512 million, up 11.1%).」

    Rigorous project management and productivity gains on individual system development projects led to year-on-year increases in operating profit, ordinary profit and net income attributable to owners of the parent.
  14. FY2020-Q3AdvancedAnnual report

    「Profit and loss improved substantially from the same period of the previous year due to rigorous project management and productivity gains on individual system development projects, in addition to higher sales. Operating profit was ¥1,751 million (¥1,269 million, up 37.9%), ordinary profit was ¥1,764 million (¥1,273 million, up 38.6%), and net income attributable to owners of the parent was ¥1,191 million (¥827 million, up 44.0%).」

    Rigorous project management and productivity gains on individual system development projects led to year-on-year increases of 37.9% in operating profit, 38.6% in ordinary profit and 44.0% in quarterly net income attributable to owners of the parent.
  15. FY2020-Q2AdvancedAnnual report

    「In the second quarter, net sales increased to ¥15,132 million (¥13,601 million, up 11.3%) due to increased orders for system equipment sales, including the switch to Windows 10 on personal computers, as well as steady orders for system development projects. Profit and loss also increased substantially from the same period of the previous year due to higher sales and productivity gains, among other factors. Operating profit was ¥960 million (¥729 million, up 31.7%), ordinary profit was ¥970 million (¥732 million, up 32.6%), and net income attributable to owners of the parent was ¥643 million (¥472 million, up 36.3%).」

    Increased orders for system equipment sales and system development projects, together with productivity gains, led to year-on-year increases of 31.7% in operating profit, 32.6% in ordinary profit and 36.3% in quarterly net income attributable to owners of the parent, indicating continued improvement in profitability.
  16. FY2020-Q1AdvancedAnnual report

    「In the first quarter, net sales increased to ¥7,386 million (¥6,653 million, up 11.0%) because orders from major customers for system equipment sales and system development increased. Profit and loss also benefited from higher sales and improved profitability through productivity gains, among other factors. Operating profit was ¥379 million (¥209 million, up 80.9%), ordinary profit was ¥381 million (¥211 million, up 80.8%), and net income attributable to owners of the parent was ¥244 million (¥110 million, up 121.7%).」

    Higher sales and improved profitability through productivity gains, among other factors, led to substantial year-on-year increases in operating profit, ordinary profit and quarterly net income attributable to owners of the parent.
  17. FY2019AdvancedAnnual report

    「Profit and loss benefited from the absence in the current fiscal year of the large construction loss incurred in the previous fiscal year, as well as higher sales and improved profitability through productivity gains. Operating profit was ¥2,301 million (¥1,642 million in the previous fiscal year, up 40.1%), ordinary profit was ¥2,305 million (¥1,651 million, up 39.6%), and net income attributable to owners of the parent was ¥1,512 million (¥1,188 million, up 27.3%).」

    The large construction loss incurred in the previous fiscal year did not recur in the current fiscal year, and together with improved profitability through productivity gains, this led to higher operating profit, ordinary profit and net income attributable to owners of the parent.
  18. FY2019-Q3AdvancedAnnual report

    「Profit and loss improved substantially from the same period of the previous year due to the completion of unprofitable construction projects in the previous fiscal year and productivity gains on individual system development projects, among other factors. Operating profit was ¥1,269 million (¥695 million, up 82.6%), ordinary profit was ¥1,273 million (¥705 million, up 80.6%), and net income attributable to owners of the parent was ¥827 million (¥578 million, up 43.0%).」

    In addition to the completion of unprofitable construction projects in the previous fiscal year, productivity gains on individual system development projects led to substantial year-on-year improvements in operating profit, ordinary profit and quarterly net income attributable to owners of the parent.
  19. FY2019-Q2AdvancedAnnual report

    「In the second quarter, net sales were broadly in line with the same period of the previous year at ¥13,601 million (¥13,580 million, up 0.2%) because orders from major customers remained stable. Profit and loss improved substantially from the same period of the previous year due to the completion of unprofitable construction projects in the previous fiscal year and productivity gains on individual system development projects, among other factors. Operating profit was ¥729 million (¥311 million, up 133.9%), ordinary profit was ¥732 million (¥318 million, up 129.5%), and net income attributable to owners of the parent was ¥472 million (¥185 million, up 154.2%).」

    In addition to the completion of unprofitable construction projects in the previous fiscal year, productivity gains on individual system development projects led to substantial year-on-year improvements in operating profit, ordinary profit and quarterly net income attributable to owners of the parent.
  20. FY2019-Q1Quarterly profit and loss improved year on yearAnnual report

    「Profit and loss improved from the same period of the previous year, when provisions for loss on construction contracts and other items were recognized for certain system development projects. Operating profit was ¥209 million (¥26 million, up 695.2%), ordinary profit was ¥211 million (¥27 million, up 665.9%), and net income attributable to owners of the parent was ¥110 million (¥2 million).」

    States that operating profit, ordinary profit and quarterly net income attributable to owners of the parent improved compared with the same period of the previous year, when provisions for loss on construction contracts and other items were recognized. This does not directly indicate progress in productivity gains.
  21. FY2018WorsenedAnnual report

    「Although profitability improved through productivity gains and other measures, lower sales and increased development costs for certain system development projects resulted in operating profit of ¥1,642 million (¥1,766 million in the previous fiscal year, down 7.0%) and ordinary profit of ¥1,651 million (¥1,783 million, down 7.4%).」

    Although profitability improved through productivity gains, operating profit and ordinary profit were below the previous fiscal year due to lower sales and higher system development costs.
  22. FY2018-Q3WorsenedAnnual report

    「In the third quarter, net sales decreased to ¥20,411 million (¥22,460 million, down 9.1%) because orders from major customers for system equipment sales and system development declined. Profit and loss decreased due to lower sales and the recognition of provisions for loss on construction contracts and valuation losses on work in process following increased development costs on certain system development projects, among other factors. Operating profit was ¥695 million (¥960 million, down 27.6%), ordinary profit was ¥705 million (¥978 million, down 27.9%), and net income attributable to owners of the parent was ¥578 million (¥646 million, down 10.6%).」

    Cumulative nine-month net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were below the same period of the previous year. In addition to lower orders, the recognition of provisions for loss on construction contracts and valuation losses on work in process following increased development costs for system development projects put pressure on profit.
  23. FY2018-Q2WorsenedAnnual report

    「In the second quarter, net sales decreased to ¥13,580 million (¥15,094 million, down 10.0%) because orders from major customers for system equipment sales and system development declined. Profit and loss also decreased due to lower sales and the recognition of provisions for loss on construction contracts and valuation losses on work in process following increased development costs on certain large-scale system development projects, among other factors. Operating profit was ¥311 million (¥639 million, down 51.2%), ordinary profit was ¥318 million (¥656 million, down 51.4%), and net income attributable to owners of the parent was ¥185 million (¥445 million, down 58.3%).」

    Due to lower orders and higher development costs for large-scale system development projects, net sales fell 10.0% year on year, operating profit fell 51.2%, ordinary profit fell 51.4%, and quarterly net income attributable to owners of the parent fell 58.3%.
  24. FY2018-Q1WorsenedAnnual report

    「In the first quarter, although orders from major customers remained at the same level as the same period of the previous year, orders from other customers were somewhat weak. As a result, net sales decreased to ¥7,031 million (¥7,136 million, down 1.5%). Profit and loss deteriorated mainly because development costs for system development increased. Operating profit was ¥26 million (¥67 million, down 60.9%), ordinary profit was ¥27 million (¥83 million, down 67.1%), and net income attributable to owners of the parent was ¥2 million (¥61 million, down 95.1%).」

    Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were below the same period of the previous year, mainly due to higher system development costs.
  25. FY2017RestatedAnnual report

    「Although higher sales and productivity gains were positive factors, ¥195 million in retirement benefit expenses was recognized in the first quarter because certain consolidated subsidiaries changed their method of calculating retirement benefit obligations from the simplified method to the standard method. As a result, operating profit was ¥1,766 million (¥1,808 million in the previous fiscal year, down 2.3%), and ordinary profit was ¥1,783 million (¥1,820 million, down 2.0%).」

    Continues to explain higher sales and productivity gains as factors supporting profit, while operating profit and ordinary profit were below the previous fiscal year due to ¥195 million in retirement benefit expenses.
  26. FY2017-Q3RestatedAnnual report

    「As a result, net sales increased from the same period of the previous year to ¥22,460 million (¥20,964 million, up 7.1%) due to increased orders from major customers for information system development and operations, among other factors. Profit and loss increased due to higher sales and productivity gains, but ¥195 million in retirement benefit expenses was recognized in the first quarter because certain consolidated subsidiaries changed their method of calculating retirement benefit obligations from the simplified method to the standard method. Operating profit was ¥960 million (¥1,043 million, down 8.0%), ordinary profit was ¥978 million (¥1,046 million, down 6.6%), and net income attributable to owners of the parent was ¥646 million (¥628 million, up 2.9%).」

    Continues to identify productivity gains as a factor behind higher profit. However, operating profit and ordinary profit were below the same period of the previous year due to the impact of ¥195 million in retirement benefit expenses recognized in the first quarter.
  27. FY2017-Q2RestatedAnnual report

    「Profit and loss increased due to higher sales and productivity gains in information system development and operations, among other factors. However, ¥195 million in retirement benefit expenses was recognized because certain consolidated subsidiaries changed their method of calculating retirement benefit obligations from the simplified method to the standard method. Operating profit was ¥639 million (¥661 million in the same period of the previous year, down 3.4% year on year), ordinary profit was ¥656 million (¥663 million, down 1.1%), and net income attributable to owners of the parent was ¥445 million (¥420 million, up 6.0%).」

    Continues to identify productivity gains in information system development and operations as a factor supporting higher profit, although operating profit and ordinary profit were below the same period of the previous year due to the recognition of retirement benefit expenses.
  28. FY2016First statedAnnual report

    「Profit and loss improved substantially due to higher sales, productivity gains in information system development and operations, improved project profitability through rigorous project management, and various measures previously implemented to strengthen the company’s operating foundation. Operating profit was ¥1,808 million (¥927 million in the same period of the previous year), ordinary profit was ¥1,820 million (¥936 million), and net income attributable to owners of the parent was ¥954 million (¥25 million).」

    Explains productivity gains, project management and measures to strengthen the operating foundation as factors behind improved profitability, and presents profit figures for the current and previous periods.
Moved together

"Risks of delays and defects in contract-based development" moved the same way as this thread, in the same document, in 6 of its 28 moves.

6532★1234
  1. ★This thread
  2. 1Risks of delays and defects in contract-based development6×
  3. 2Downside risks to earnings from a stronger yen and a slowdown in the global economy5×
  4. 3Responding to Cloud, Big Data and IoT3×
  5. 4Improvement in the ordinary profit margin and net income per share2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Ryoyu Systems's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-10-30: "Worsened".
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Improving productivity and project profitability | Ryoyu Systems Co.,Ltd. (4685) | Komori