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