Komori
Fukoku (5185) · RiskWorsened

Profit pressure in the functional products business due to delays in the transfer between subsidiaries

First written in FY2019-Q2. 3 of 4 entries say "Worsened", first in FY2019-Q3. Latest entry: FY2020.

4entries
3years
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019-Q2WorsenedFY2019-Q3 – FY20202018: 120182019: 220192020: 12020
Same theme, other companies
Pressure on Functional Products Business Profit from Delays in Transfers Between SubsidiariesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2020WorsenedAnnual report

    「As orders slowed, the product mix shifted toward a lower proportion of relatively high-margin products, while the company faced higher material and labor cost ratios. These factors coincided with delays in structural reforms and rationalization at headquarters, delays in transfers between sites and other factors, resulting in operating profit falling 55.7% year on year to ¥878 million」

    Delays in structural reforms and rationalization at headquarters and in transfers between sites, combined with higher material and labor costs and other factors, continue to emerge as causes of a substantial decline in operating profit.
  2. FY2019WorsenedAnnual report

    「Segment profit fell 34.8% year on year to ¥1,658 million due to higher material and labor costs, delays in transferring manufacturing between subsidiaries, delays in rationalization, the impact of foreign exchange fluctuations and other factors.」

    Delays in rationalization were added to delays in transferring manufacturing between subsidiaries, and segment profit in the functional products business fell 34.8% year on year.
  3. FY2019-Q3WorsenedAnnual report

    「In the functional products business, revenue fell 17.0% year on year to ¥1,595 million due to higher material and labor costs, delays in transferring manufacturing between subsidiaries, delays in rationalization and the impact of foreign exchange fluctuations.」

    In addition to the previously cited delays in transfers between subsidiaries, delays in rationalization were explicitly identified, and segment profit in the functional products business fell 17.0% year on year.
  4. FY2019-Q2First statedAnnual report

    「Segment profit fell 4.9% year on year to ¥1,231 million due to delays in transfers between subsidiaries, the impact of foreign exchange rates and other factors.」

    In the functional products business, delays in transfers between subsidiaries are mentioned for the first time as a factor behind the 4.9% year-on-year decline in segment profit, alongside the impact of foreign exchange rates and other factors.
Moved together

"Burden from upfront investment and rising costs" moved the same way as this thread, in the same document, in 3 of its 4 moves.

332222★123456
  1. ★This thread
  2. 1Burden from upfront investment and rising costs3×
  3. 2Year-on-year declines in sales and earnings3×
  4. 3Uncertainty from the UK's withdrawal from the EU, the Chinese and emerging-market economies, and geopolitical risks2×
  5. 4Pressure to respond to the automotive industry's new competitive structure2×
  6. 5Dependence on External Suppliers for Raw Materials and Parts and Rising Prices2×
  7. 6Impairment of Fixed Assets Due to Declining Profitability2×

★ 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.

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Fukoku's next results are scheduled for 2026-11-05. Read the earnings preview
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