Southeast and South Asia profits pressured by pre-opening costs at Indian subsidiary
First written in FY2019-Q1. 6 of 11 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2024-Q1.
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- FY2024-Q1MitigatedAnnual report
「Revenue from specialty lubricants increased due to higher volumes resulting from increased automobile production and higher selling prices, while revenue from hot-melt adhesives increased due to expanded sales in India and Indonesia. As a result, external revenue from the segment was ¥1,679 million, up 31.6% year on year, and segment profit was ¥85 million, up 250.2%.」
Southeast and South Asia segment revenue increased 31.6% year on year and profit increased 250.2%, indicating that the impact of profit pressure on the regional business, including the Indian subsidiary, through the previous fiscal year has eased in terms of results. - FY2022MitigatedAnnual report
「As a result, segment revenue was ¥4,770 million, up 28.3% from the previous fiscal year, while segment profit was ¥86 million, compared with segment profit of ¥6 million in the previous fiscal year.」
In the Southeast and South Asia segment, including the Indian subsidiary, revenue increased 28.3% from the previous fiscal year and profit increased from ¥6 million to ¥86 million, easing the impact of profit pressure from initial costs. - FY2021WorsenedAnnual report
「As a result, segment revenue was ¥3,719 million, down 16.4% from the previous fiscal year, while segment profit was ¥6 million, down 95.7%.」
In the Southeast and South Asia segment, including the Indian subsidiary, revenue fell 16.4% and profit fell 95.7% to ¥6 million, with profit pressure from initial investment and sluggish activity intensifying. - FY2021-Q3WorsenedAnnual report
「As a result, segment revenue was ¥2,684 million, down 19.0% year on year, while segment profit was ¥3 million, down 97.3% year on year.」
In the Southeast and South Asia business, including the sluggish operations of the Indian subsidiary, segment profit fell 97.3% year on year to ¥3 million, and the decline widened from the previous quarter. - FY2021-Q2WorsenedAnnual report
「In addition, as the recently established Indian subsidiary recorded a pretax quarterly net loss, the quarterly net loss attributable to owners of the parent was ¥90 million, compared with quarterly net income attributable to owners of the parent of ¥341 million in the same period of the previous year.」
The pretax quarterly net loss at the recently established Indian subsidiary is explicitly identified as a factor behind the ¥90 million quarterly net loss attributable to owners of the parent. - FY2020WorsenedAnnual report
「As a result, segment revenue was ¥4,448 million, down 6.6% from the previous fiscal year, while segment profit was ¥143 million, down 59.3%, partly due to higher selling, general and administrative expenses at the Indian subsidiary.」
Selling, general and administrative expenses at the Indian subsidiary continued to increase, and Southeast and South Asia segment profit fell 59.3% year on year. - FY2020-Q3WorsenedAnnual report
「As a result, segment revenue was ¥3,313 million, down 6.9% year on year, while segment profit was ¥113 million, down 63.7% year on year, due to the incurrence of initial costs at the Indian subsidiary.」
As the Indian subsidiary continued to incur initial costs, Southeast and South Asia segment profit fell 63.7% year on year, with the decline widening further from the previous quarter. - FY2020-Q2WorsenedAnnual report
「As a result, segment revenue was ¥2,195 million, down 5.4% year on year, while segment profit was ¥81 million, down 62.5% year on year, due to the increase in the cost ratio resulting from the depreciation of the Indonesian rupiah against the US dollar and the incurrence of initial costs at the Indian subsidiary.」
As the Indian subsidiary continued to incur initial costs, the decline in segment profit widened to 62.5% year on year amid the increase in the cost ratio caused by the depreciation of the Indonesian rupiah and other factors. - FY2020-Q1MaterialisedAnnual report
「As a result, segment revenue was ¥1,121 million, down 3.3% year on year, while segment profit was ¥68 million, down 39.5% year on year, due to the increase in the cost ratio resulting from the depreciation of the Indonesian rupiah against the US dollar and the incurrence of initial costs at the Indian subsidiary.」
The Indian subsidiary continued to incur initial costs, and together with the increase in the cost ratio caused by the depreciation of the Indonesian rupiah, reduced segment profit by 39.5% year on year. - FY2019-Q2MaterialisedAnnual report
「As a result, segment revenue was ¥2,320 million, up 4.1% year on year, while segment profit was ¥215 million, down 12.7% year on year, due to the increase in the cost ratio resulting from the depreciation of the Indonesian rupiah and the incurrence of initial costs at the Indian subsidiary, among other factors.」
The Indian subsidiary continued to incur initial costs, and together with the increase in the cost ratio caused by the depreciation of the Indonesian rupiah, reduced Southeast and South Asia segment profit by 12.7% year on year. - FY2019-Q1MaterialisedAnnual report
「Segment profit was ¥112 million, down 14.2% year on year, due to a higher cost ratio resulting from the depreciation of the Indonesian rupiah against the US dollar and the recognition of start-up expenses at the Indian subsidiary, among other factors.」
The Indian subsidiary's initial costs were incurred, and together with the increase in the cost ratio caused by the depreciation of the Indonesian rupiah, reduced Southeast and South Asia segment profit by 14.2% year on year.