Building a more profitable structure by converting fixed costs to variable costs and reducing expenses
First written in FY2016. 17 of 36 entries say "Restated". Latest entry: 2026-08-07.
Okamoto Industries moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
91 other companies' latest entry also says "Advanced".
- 2026-08-07AdvancedEarnings
「Operating profit was ¥1,549 million, up 90.3% year on year, ordinary profit was ¥2,534 million, up 100.4%, and net income attributable to owners of the parent was ¥1,775 million, up 270.9%.」
Key profit figures increased sharply year on year due to price revisions, aggressive order-taking, yen depreciation and a stabilization in the rise of antimony prices. - FY2026WorsenedAnnual report
「The company continued to reduce inventory and cut costs, but operating profit was ¥6,248 million, down 28.2% year on year.」
While the company continued to reduce inventory and cut costs, operating profit declined substantially, with external cost and demand pressures on the earnings base reflected in actual results. - FY2026-H1WorsenedAnnual report
「Operating profit was ¥2,503 million, down 49.1% year on year; ordinary profit was ¥3,384 million, down 32.5%; and interim net income attributable to owners of the parent was ¥1,943 million, down 34.8%. The decline in profit was mainly attributable to an impact of approximately ¥8 per US dollar from the stronger yen, the continued impact of higher prices for flame retardants (antimony) caused by China's restrictions on rare metals used in raw materials, and the stagnation of the Chinese economy.」
While the company advanced investments in a new core business system and factory automation, key profit measures declined because of the stronger yen, higher antimony prices and the stagnation of the Chinese economy, with external pressure on the earnings base reflected in actual results. - FY2025WorsenedAnnual report
「Under these circumstances, as a manufacturing company, we recognize that increasing production and sales volumes in line with market demand and improving operating efficiency are essential to address deteriorating market conditions caused by the volatile international situation and the prolonged surge in raw material prices, and to improve profitability.」
Although the company continued to reduce inventory and cut costs, operating profit declined 13.3%, and addressing higher raw material prices and deteriorating market conditions remains an ongoing challenge. - FY2025-H1WorsenedAnnual report
「Operating profit was ¥4,919 million, up 3.2% year on year; ordinary profit was ¥5,015 million, down 16.5%; and interim net income attributable to owners of the parent was ¥2,980 million, down 34.9% year on year, partly because tax expenses related to the corporate reorganization had decreased in the same period of the previous year.」
While operating profit increased, ordinary profit and interim net income attributable to owners of the parent declined, so indicators of earnings strength did not improve uniformly. - FY2024AdvancedAnnual report
「The company continued to reduce inventories and costs, and operating profit was ¥10,040 million, up 45.5% year on year.」
The company continued to reduce inventory and cut costs, resulting in a 45.5% year-on-year increase in operating profit. Efforts to strengthen its earnings base are translating into improved performance. - FY2024-Q3AdvancedAnnual report
「The company worked to review raw material procurement costs and rationalize and improve production efficiency in order to strengthen competitiveness. As a result, during the first 3 quarters of the current fiscal year, operating profit was ¥8,018 million, up 49.7% year on year, ordinary profit was ¥9,487 million, up 51.1%, and quarterly profit attributable to owners of the parent was ¥7,005 million, up 77.9%.」
The company reviewed raw material procurement costs and pursued production rationalization and efficiency improvements, resulting in operating profit, ordinary profit and quarterly profit attributable to owners of the parent exceeding the year-earlier levels. - FY2024-Q2AdvancedAnnual report
「The company implemented active domestic and overseas sales activities and price revisions in response to higher costs, while thoroughly improving operations to ensure stable procurement of raw materials and increase productivity.」
The company pursued price revisions in response to higher costs, stable procurement of raw materials and productivity improvements, and operating profit rose 53.6% year on year. The company describes both measures to strengthen its earnings base and improved performance. - FY2023WorsenedAnnual report
「Although the company continued to reduce inventories and costs, operating profit was ¥6,898 million, down 8.5% year on year.」
While continuing to reduce inventories and costs, the company’s operating profit declined 8.5% year on year, as external cost pressures on its earnings base continued. - FY2023-Q3WorsenedAnnual report
「The company pursued price pass-through for the significant increases in raw material prices and energy costs, worked to maintain flexible and responsive production for orders involving a wider range of products and smaller lots, sought to improve asset efficiency by reducing inventories, and, in the Household Products business, worked to expand sales in response to changes in market conditions arising from climate change while improving logistics efficiency to reduce costs. As a result, operating profit was ¥5,356 million, down 21.5% year on year, ordinary profit was ¥6,279 million, down 23.3%, and quarterly profit attributable to owners of the parent was ¥3,938 million, down 27.1%, due to persistently high raw material prices and higher fuel costs.」
Although the company pursued price pass-through, inventory reductions and improvements in logistics efficiency, key profit indicators declined year on year due to higher raw material prices and fuel costs, with continued pressure on its earnings base. - FY2023-Q2WorsenedAnnual report
「Operating profit was ¥3,103 million, down 31.3% year on year, ordinary profit was ¥3,977 million, down 23.4%, and quarterly profit attributable to owners of the parent was ¥2,517 million, down 22.8%, due to higher energy and raw material prices.」
While continuing to reduce costs and improve production efficiency, the company saw key profit indicators decline year on year due to higher energy and raw material prices. - FY2023-Q1WorsenedAnnual report
「Operating profit was ¥1,812 million, down 28.4% year on year, ordinary profit was ¥2,563 million, down 13.8%, and quarterly profit attributable to owners of the parent was ¥1,626 million, down 11.2%, due to the sharp rise in raw material prices.」
Although the company continued to reduce costs and take other measures to build a more resilient earnings base, key profit indicators declined year on year due to the sharp rise in raw material prices. - FY2022RestatedAnnual report
「The company will further reduce fixed costs and expenses and strengthen its earnings base so that it can continue to generate solid profit, even if the business environment changes due to fluctuations in crude oil prices, foreign exchange rates and other factors.」
The company continues its policy of strengthening its earnings base by reducing fixed costs and expenses in response to changes in the business environment caused by crude oil prices, foreign exchange rates and other factors. - FY2022-Q3AdvancedAnnual report
「Operating profit was ¥6,820 million, up 13.2% year on year, ordinary profit was ¥8,186 million, up 14.5%, and quarterly profit attributable to owners of the parent was ¥5,403 million, up 13.7%, due to the higher operating rate of the plants.」
Higher plant operating rates increased operating profit, ordinary profit and quarterly profit attributable to owners of the parent year on year, demonstrating progress in building a more resilient earnings base through actual results. - FY2022-Q2AdvancedAnnual report
「Operating profit was ¥4,520 million, up 41.4% year on year, ordinary profit was ¥5,194 million, up 35.0%, and quarterly profit attributable to owners of the parent was ¥3,262 million, up 27.6%, due to the higher operating rate of the plants.」
Higher plant operating rates increased operating profit, ordinary profit and quarterly profit attributable to owners of the parent year on year. - FY2022-Q1AdvancedAnnual report
「Operating profit was ¥2,532 million, up 31.7% year on year, ordinary profit was ¥2,972 million, up 23.0%, and profit attributable to owners of the parent was ¥1,830 million, up 11.3%, due to the higher operating rate of the plants.」
Higher plant operating rates increased operating profit, ordinary profit and quarterly profit attributable to owners of the parent, demonstrating progress in building a more resilient earnings base through actual results. - FY2021AdvancedAnnual report
「This fiscal year, operating profit was ¥8,269 million, up 12.6% year on year, reflecting the restoration of the Fukushima Plant and the continued reduction of inventories and costs.」
Operating profit rose 12.6% year on year as the company continued to reduce inventories and costs, with the restoration of the Fukushima Plant also contributing. - FY2021-Q1RestatedAnnual report
「The Group worked to improve production efficiency and reduce inventories while conducting production and sales activities.」
The company continues measures to maintain its earnings base by improving production efficiency and reducing inventories in response to lower operating rates caused by the COVID-19 pandemic. - FY2020-Q3RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through group-wide 3S activities, quality improvement, cost reductions, resource conservation and waste reduction. - FY2020-Q2RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues 3S activities, quality improvement, resource conservation and waste reduction as measures to strengthen its earnings base. - FY2020-Q1RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through group-wide 3S activities, quality improvement and cost reductions. - FY2019RestatedAnnual report
「Even if revenue fluctuates due to business risks such as changes in crude oil prices and foreign exchange rates, the company aims to further convert fixed costs to variable costs and reduce expenses, thereby transforming its cost structure so that it can consistently generate solid profit.」
The company continues to seek, through the conversion of fixed costs to variable costs and expense reductions, to transform its cost structure so that it can secure profit even when revenue fluctuates. - FY2019-Q3RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through group-wide 3S activities, quality improvement, cost reductions, resource conservation and waste reduction. - FY2019-Q2RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through 3S activities, quality improvement and cost reductions. - FY2019-Q1RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through 3S activities, quality improvement and cost reductions. - FY2018RestatedAnnual report
「Even if revenue declines, the company aims to further convert fixed costs to variable costs and reduce expenses, thereby transforming its cost structure so that it can consistently generate solid profit.」
The company continues to seek, through the conversion of fixed costs to variable costs and expense reductions, to transform its cost structure so that it can secure profit even when revenue declines. - FY2018-Q3RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through group-wide 3S activities, quality improvement and cost reductions. - FY2018-Q2RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues to strengthen its earnings base through 3S activities, quality improvement and cost reductions. - FY2018-Q1RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues 3S activities, quality improvement and cost reductions as measures to strengthen its earnings base. - FY2017RestatedAnnual report
「Even if revenue declines, the company aims to further convert fixed costs to variable costs and reduce expenses, thereby transforming its cost structure so that it can consistently generate solid profit.」
The company continues to seek, through the conversion of fixed costs to variable costs and expense reductions, to transform its cost structure so that it can generate profit even when revenue declines. - FY2017-Q3RestatedAnnual report
「The company has worked to improve profit margins by further increasing production efficiency at manufacturing sites and reducing and reviewing sales costs.」
The company continues to improve profit margins by increasing production efficiency and reducing and reviewing sales costs. - FY2017-Q2RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs, and is also strengthening its efforts to address environmental issues, including promoting resource conservation and reducing waste.」
The group continues 3S activities, quality improvement and cost reductions as measures to strengthen its earnings base. - FY2017-Q1RestatedAnnual report
「To strengthen its earnings base, the group, including its headquarters, plants, branches, sales offices and subsidiaries, is working to fully implement and continue 3S activities (sorting, setting in order and cleaning), while striving to improve quality and reduce costs.」
The group continues 3S activities, quality improvement and cost reductions as measures to strengthen its earnings base. - FY2016First statedAnnual report
「Even if revenue declines, the company aims to further convert fixed costs to variable costs and reduce expenses, thereby transforming its cost structure so that it can consistently generate solid profit.」
The company describes measures to review its fixed-cost and expense structure in order to secure profit even when revenue declines.