Year-on-year declines in sales and earnings
First written in FY2017-Q1. 17 of 38 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-08-06.
Fukoku moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 8 of 23 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「First quarter of the fiscal year ending March 2027 23,358 2.8 1,515 51.4 1,578 71.9 999 102.8」
Net sales increased year on year, as did operating profit, ordinary profit and net income attributable to owners of the parent. - FY2026WorsenedAnnual report
「Consolidated revenue increased 0.4% year on year to ¥90,025 million, as revenue from the Functional Products, Life Science and Hose businesses remained firm. Operating profit decreased 19.4% year on year to ¥3,806 million. Although the company pursued productivity improvements, rationalisation and initiatives to reflect costs in selling prices while revenue remained broadly in line with the previous year, it was unable to absorb increases in raw material and labour costs. In addition, operating profit was affected by the reversal of a one-off cost-of-sales reduction related to misconduct discovered at a consolidated subsidiary in November 2024.」
While revenue edged up, operating profit fell 19.4%, ordinary profit fell 15.4%, and net profit attributable to owners of the parent fell 61.0% to ¥1,144 million, indicating a deterioration in earnings from the previous fiscal year's growth in both revenue and earnings. - 2026-05-15WorsenedEarnings
「For the fiscal year ending March 2026, net sales were ¥90,025 million, operating profit was ¥3,806 million, ordinary profit was ¥3,864 million, and net income attributable to owners of the parent was ¥1,144 million. Operating profit decreased 19.4% year on year, ordinary profit decreased 15.4%, and net income attributable to owners of the parent decreased 61.0%.」
Although net sales increased, operating profit, ordinary profit and net income attributable to owners of the parent all declined year on year, indicating deterioration in earnings. - FY2026-H1WorsenedAnnual report
「Consolidated net sales fell 0.5% year on year to ¥4,437.2 billion, as sales in the antivibration business remained sluggish despite solid sales in the Functional Products, Life Science and Hose businesses, and as the company pursued selection and concentration in the Metal Processing business to improve profitability. Operating profit fell 24.8% to ¥1,549 million, as efforts to improve productivity, rationalize operations and reflect costs in selling prices were insufficient to absorb increases in raw material and labor costs. Ordinary profit fell 31.2% to ¥1,527 million due to the decline in operating profit and foreign exchange effects from the revaluation of assets and liabilities, while interim net income attributable to owners of the parent fell 38.5% to ¥948 million.」
Revenue fell 0.5% year on year, operating profit fell 24.8%, ordinary profit fell 31.2%, and interim net profit attributable to owners of the parent fell 38.5%, indicating a deterioration in performance from the previous fiscal year's growth in both revenue and earnings. - FY2025Higher net sales and operating profit alongside lower income attributable to owners of the parentAnnual report
「Consolidated net sales increased 0.9% year on year to ¥8,965.7 billion. Operating profit increased 29.5% to ¥4,721 million, and ordinary profit increased 11.6% to ¥4,569 million. Net income attributable to owners of the parent fell 3.9% to ¥2,931 million.」
Net sales, operating profit and ordinary profit increased year on year, while net income attributable to owners of the parent declined due to expenses related to improper conduct at Shanghai FUKOKU and impairment losses, among other factors. - FY2025-H1AdvancedAnnual report
「For the six months ended Q2, consolidated net sales increased 3.8% year on year to ¥4,458.5 billion. The company absorbed higher raw material and fuel costs through rationalization and the pass-through of costs into selling prices, resulting in operating profit of ¥2,060 million, up 94.5% year on year; ordinary profit of ¥2,221 million, up 59.8%; and interim net income attributable to owners of the parent of ¥1,542 million, up 47.2%.」
Net sales increased year on year, while operating profit, ordinary profit and interim net income attributable to owners of the parent also increased, indicating continued improvement in profitability from the previous fiscal year. - FY2024MitigatedAnnual report
「Consolidated net sales increased 7.9% year on year to ¥8,884.7 billion. The company absorbed higher raw material and fuel costs through rationalization and the pass-through of costs into selling prices, resulting in operating profit of ¥3,646 million, up 81.4% year on year; ordinary profit of ¥4,094 million, up 30.4%; and net income attributable to owners of the parent of ¥3,050 million, up 42.9%.」
Net sales, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the year-earlier period, representing further improvement in profitability following the previous year's growth in net sales and operating profit. - FY2024-Q3Higher net sales and operating profit alongside lower income attributable to owners of the parentAnnual report
「For the nine months ended Q3, the easing of the impact of production adjustments by automakers and foreign exchange effects resulted in consolidated net sales of ¥6,623.3 billion, up 9.3% year on year. The company absorbed higher raw material and fuel costs through rationalization and the pass-through of costs into selling prices, resulting in operating profit of ¥2,254 million, up 69.0%.」
Net sales and operating profit increased year on year, and ordinary profit also rose 4.6%, while quarterly net income attributable to owners of the parent fell 3.4% due to the reversal of one-off gains recorded in the year-earlier period. However, the company explained that it would have exceeded the year-earlier period excluding those gains. - FY2024-Q2RestatedAnnual report
「Consolidated net sales increased 10.2% year on year to ¥4,295.0 billion. The company absorbed higher raw material and fuel costs through rationalization and the pass-through of costs into selling prices, resulting in operating profit of ¥1,059 million, up 29.6%. Ordinary profit fell 23.2% to ¥1,390 million because the year-earlier period included one-off gains, including gains on the sale of fixed assets owned by a subsidiary. Quarterly net income attributable to owners of the parent fell 28.7% to ¥1,047 million, as the year-earlier period similarly included one-off gains, including a gain on termination of the retirement benefit plan resulting from changes to the company's retirement benefit system.」
Net sales and operating profit increased year on year, while ordinary profit and quarterly net income attributable to owners of the parent declined due to the reversal of one-off gains recorded in the year-earlier period, including gains on the sale of fixed assets and a gain on termination of the retirement benefit plan. The company continued to explain that results excluding those one-off gains would have exceeded the year-earlier period. - FY2024-Q1MitigatedAnnual report
「For the three months ended Q1, performance was affected by lower net sales resulting from production adjustments by automakers, but the translation impact of foreign exchange resulted in consolidated net sales of ¥2,150.6 billion, up 10.9% year on year. The company absorbed higher raw material and fuel costs through rationalization and the pass-through of costs into selling prices, resulting in operating profit of ¥667 million, up 49.1%. Ordinary profit fell 23.6% to ¥825 million because the year-earlier period included one-off gains, including gains on the sale of fixed assets owned by a subsidiary.」
Despite production adjustments by automakers and higher costs, net sales increased 10.9% year on year and operating profit increased 49.1%. Ordinary profit and net income declined due to the reversal of one-off gains recorded in the year-earlier period, but the company explained that both would have exceeded the year-earlier period excluding those gains. - FY2023MitigatedAnnual report
「Consolidated net sales increased 15.1% year on year to ¥8,231.8 billion. The company absorbed higher raw material, transportation and fuel costs through rationalization and the pass-through of costs into selling prices, resulting in operating profit of ¥2,010 million, up 14.9% year on year, ordinary profit of ¥3,139 million, up 24.4%, and net income attributable to owners of the parent of ¥2,135 million, up 2.4%.」
Net sales, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the year-earlier period, indicating improvement in operating performance from the previous period. - FY2023-Q3WorsenedAnnual report
「For the nine months ended Q3, performance was affected by lower net sales resulting from production adjustments by automakers, but the translation impact of foreign exchange resulted in consolidated net sales of ¥6,062.2 billion, up 12.0% year on year. Operating profit fell 26.2% to ¥1,334 million, as rationalization efforts and other measures were insufficient to offset higher raw material, transportation and fuel costs. Ordinary profit increased 0.2% to ¥2,493 million, while quarterly net income attributable to owners of the parent increased 1.9% to ¥1,911 million.」
Net sales increased 12.0% year on year due to the translation effect of the weaker yen, while operating profit declined 26.2% due to production adjustments by automakers and higher costs. Ordinary profit and quarterly net income attributable to owners of the parent increased slightly, but the company reported deterioration in operating profit. - FY2023-Q2WorsenedAnnual report
「Consolidated net sales increased 6.3% year on year to ¥3,897.1 billion. Operating profit fell 55.1% to ¥817 million, mainly due to higher raw material, transportation and fuel costs. Ordinary profit fell 14.8% to ¥1,811 million despite gains from the sale of fixed assets owned by a subsidiary and foreign exchange gains, as these were insufficient to offset the decline in operating profit. Quarterly net income attributable to owners of the parent fell 8.7% to ¥1,470 million, despite a gain on termination of the retirement benefit plan resulting from changes to the company's retirement benefit system.」
While net sales increased 6.3% year on year, operating profit fell 55.1%, ordinary profit fell 14.8% and quarterly net income attributable to owners of the parent fell 8.7%, indicating continued deterioration in profitability due to higher costs and other factors. - FY2023-Q1WorsenedAnnual report
「Against this operating backdrop, consolidated net sales increased 2.2% year on year to ¥1,938.9 billion. Operating profit fell 66.6% to ¥447 million, mainly due to higher raw material, transportation and fuel costs. Ordinary profit fell 22.6% to ¥1,080 million despite one-off gains from the sale of fixed assets owned by a subsidiary and foreign exchange gains, as these were insufficient to offset the decline in operating profit. Quarterly net income attributable to owners of the parent fell 0.6% to ¥861 million, despite a gain on termination of the retirement benefit plan resulting from changes to the company's retirement benefit system.」
While net sales increased, operating profit fell 66.6% year on year, ordinary profit fell 22.6% and quarterly net income attributable to owners of the parent fell 0.6%, indicating deterioration in profitability. - FY2022MitigatedAnnual report
「In addition to higher net sales, ongoing initiatives to strengthen the Group's overall business foundation and improve its production structure resulted in operating profit of ¥1,749 million, up 152.4% year on year; ordinary profit of ¥2,522 million, up 75.7%; and net income attributable to owners of the parent of ¥2,084 million, up 66.2%.」
Net sales increased 13.1% year on year and operating profit increased 152.4%, indicating improvement from the previous period's decline in net sales and profits caused by the COVID-19 pandemic. - FY2022-Q3MitigatedAnnual report
「Although production adjustments caused by semiconductor shortages at major customers, including automakers and parts manufacturers, and higher raw material and transportation costs pushed up manufacturing costs, the company secured operating profit of ¥1,808 million, compared with an operating loss of ¥304 million in the year-earlier period; ordinary profit of ¥2,487 million, compared with ¥270 million; and quarterly net income attributable to owners of the parent of ¥1,875 million, compared with ¥8 million.」
Despite production adjustments due to semiconductor shortages and higher raw material and transportation costs, operating profit changed from a loss of ¥304 million in the year-earlier period to a profit of ¥1,808 million; ordinary profit was ¥2,487 million; and quarterly net income attributable to owners of the parent was ¥1,875 million. - FY2022-Q2MitigatedAnnual report
「The company further advanced initiatives to streamline production processes and improve the efficiency of indirect operations. Operating profit was ¥1,820 million, compared with an operating loss of ¥899 million in the year-earlier period; ordinary profit was ¥2,125 million, compared with an ordinary loss of ¥525 million; and quarterly net income attributable to owners of the parent was ¥1,611 million, compared with a net loss of ¥451 million.」
Operating loss, ordinary loss and quarterly net loss attributable to owners of the parent in the year-earlier period all changed to profits in the current quarter, indicating the effect of improvement initiatives and the recovery in operating performance. - FY2022-Q1MitigatedAnnual report
「Against this backdrop, the Group's order intake also improved, and consolidated net sales were ¥1,897.8 billion, compared with ¥1,588.4 billion in the year-earlier period. Improvement initiatives, including streamlining production processes and increasing the efficiency of indirect operations, aimed at lowering the break-even sales level from the previous year, proved effective. Operating profit was ¥1,337 million, compared with ¥37 million; ordinary profit was ¥1,396 million, compared with ¥113 million; and quarterly net income attributable to owners of the parent was ¥866 million, compared with a loss of ¥23 million.」
The recovery in orders and the effect of improvement initiatives increased net sales and improved operating profit, ordinary profit and quarterly net income attributable to owners of the parent from the low levels or losses recorded in the year-earlier period. - FY2021MitigatedAnnual report
「Consolidated net sales fell 15.5% year on year to ¥6,321.4 billion. However, in response to the substantial decline in orders, the company worked to lower the break-even sales level, ... profitability steadily improved and the company returned to profitability.」
While net sales declined, operating profit was ¥693 million, ordinary profit was ¥1,435 million and net income attributable to owners of the parent was ¥1,254 million, representing improvement in profitability from the previous period's deterioration. - FY2021-Q3WorsenedAnnual report
「However, the decline in orders caused by the novel coronavirus infection through the second quarter was substantial, and consolidated net sales fell 20.2% year on year to ¥4,490.5 billion. Profitability has steadily improved through initiatives undertaken to build a business capable of generating profit even when net sales decline. Operating loss was ¥304 million, compared with operating profit of ¥752 million in the year-earlier period; ordinary profit fell 69.4% year on year to ¥270 million; and quarterly net income attributable to owners of the parent fell 98.7% to ¥8 million.」
Due to the impact of lower orders, cumulative net sales fell 20.2% year on year, operating profit changed from a profit in the year-earlier period to a loss of ¥304 million, ordinary profit fell 69.4%, and quarterly net income attributable to owners of the parent fell 98.7%. - FY2021-Q2WorsenedAnnual report
「In addition to the substantial decline in net sales, operating loss was ¥899 million, compared with operating profit of ¥739 million in the year-earlier period; ordinary loss was ¥525 million, compared with ordinary profit of ¥748 million; and quarterly net loss attributable to owners of the parent was ¥451 million, compared with profit of ¥715 million.」
Following the substantial decline in net sales, operating profit, ordinary profit and income attributable to owners of the parent all changed from profits in the year-earlier period to losses. - FY2021-Q1WorsenedAnnual report
「Against this backdrop, the Group's consolidated net sales fell 16.9% year on year to ¥1,588.4 billion. The Group implemented measures prioritizing employee safety in each region and adjusted production in response to lower orders, while also taking emergency measures to improve productivity and reduce fixed costs. However, these measures came too late to absorb the sharp decline in orders, resulting in operating profit of ¥37 million, down 92.3% year on year, and ordinary profit of ¥113 million, down 73.0%, aided by use of employment adjustment subsidies and other measures. Quarterly net income attributable to owners of the parent was a loss of ¥23 million after deducting income taxes and quarterly net income attributable to non-controlling interests, compared with a profit of ¥397 million in the year-earlier period.」
Against the backdrop of lower orders due to the COVID-19 pandemic, net sales fell 16.9%, operating profit fell 92.3% and ordinary profit fell 73.0%, while quarterly net income attributable to owners of the parent deteriorated to a loss of ¥23 million. - FY2020WorsenedAnnual report
「Consolidated net sales fell 4.0% year on year to ¥7,483.9 billion. In addition to lower net sales, higher costs including personnel expenses resulted in operating profit of ¥878 million, down 55.7% year on year, and ordinary profit of ¥979 million, down 53.5%.」
Net income attributable to owners of the parent changed from a loss of ¥2,690 million in the previous period to a profit of ¥309 million, while net sales, operating profit and ordinary profit declined. - FY2020-Q3WorsenedAnnual report
「Against this backdrop, the Group's order intake showed a declining trend in each region and segment, and consolidated net sales fell 3.8% year on year to ¥5,628.8 billion. In addition to lower net sales, higher costs including personnel expenses resulted in operating profit of ¥752 million, down 61.3% year on year; ordinary profit of ¥883 million, down 58.1%; and quarterly net income attributable to owners of the parent of ¥688 million, down 47.2%.」
Net sales declined year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent also fell substantially. - FY2020-Q2WorsenedAnnual report
「In terms of profit and loss, in addition to lower revenue and higher personnel and other costs, operating profit decreased 53.3% year on year to ¥739 million, ordinary profit decreased 57.3% to ¥748 million, and quarterly net profit attributable to owners of the parent decreased 43.1% to ¥715 million.」
Net sales fell 2.4% year on year, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent also fell below the year-earlier period. - FY2020-Q1WorsenedAnnual report
「In addition to lower net sales, higher personnel cost ratios and foreign exchange losses contributed to operating profit of ¥483 million, down 43.4% year on year; ordinary profit of ¥420 million, down 57.9%; and quarterly net income attributable to owners of the parent of ¥397 million, down 37.4%.」
In addition to lower net sales, higher personnel cost ratios and foreign exchange losses caused operating profit, ordinary profit and quarterly net income attributable to owners of the parent to decline year on year. - FY2019WorsenedAnnual report
「Operating profit fell 29.7% year on year to ¥1,983 million and ordinary profit fell 23.7% to ¥2,107 million as market and foreign exchange conditions deteriorated due to US-China trade friction, material and personnel costs rose, the product mix of the core businesses changed, and manufacturing transfers and rationalization were delayed, among other factors. Net income attributable to owners of the parent was a loss of ¥2,690 million, mainly due to impairment losses on fixed assets and other items recognized in the Functional Products segment, compared with a loss of ¥243 million in the year-earlier period.」
Despite higher net sales, operating profit and ordinary profit declined, while the net loss attributable to owners of the parent widened from ¥243 million to ¥2,690 million. - FY2019-Q3WorsenedAnnual report
「Against this backdrop, the Group's order intake also remained firm, and consolidated net sales increased 4.3% year on year to ¥5,853.9 billion. Operating profit fell 13.1% to ¥1,942 million and ordinary profit fell 11.9% to ¥2,109 million as market and foreign exchange conditions deteriorated due to US-China trade friction, material and personnel costs rose, the product mix of the core businesses changed, and manufacturing transfers and rationalization were delayed, among other factors. Meanwhile, quarterly net income attributable to owners of the parent increased ¥1,658 million to ¥1,303 million because recall-related losses concerning defective hoses manufactured by a subsidiary had been recorded in the year-earlier period, compared with a loss of ¥355 million.」
Although net sales increased, operating profit and ordinary profit declined, indicating deterioration in underlying profitability distinct from the improvement in income attributable to owners of the parent caused by the reversal of recall-related losses. - FY2019-Q2MitigatedAnnual report
「As a result, consolidated net sales were ¥3,895.8 billion, up 5.3% year on year; operating profit was ¥1,583 million, up 6.5%; ordinary profit was ¥1,750 million, up 12.1%; and quarterly net income attributable to owners of the parent was ¥1,256 million, up 28.4%.」
Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased year on year, improving from the previous period's lower sales and profits and deterioration caused by recall-related losses. - FY2019-Q1MitigatedAnnual report
「Against this backdrop, the Group's order intake also remained firm. Consolidated net sales were ¥1,943.2 billion, up 5.2% year on year; operating profit was ¥854 million, up 0.5%; ordinary profit was ¥998 million, up 11.6%; and quarterly net income attributable to owners of the parent was ¥634 million, up 19.6%.」
Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased year on year, improving from the previous period's deterioration caused by recall-related losses and other factors. - FY2018WorsenedAnnual report
「The Group's operating performance resulted in higher net sales but lower profits.」
Net sales increased 6.5% year on year, while operating profit fell 8.9% and ordinary profit fell 18.0%; net income attributable to owners of the parent was a loss of ¥243 million due to recall-related losses and other factors. - FY2018-Q3WorsenedAnnual report
「Against this backdrop, the Group's order intake also remained firm, and consolidated net sales rose 7.7% year on year to ¥5,612 million. Operating profit increased 7.5% to ¥2,234 million and ordinary profit rose 11.2% to ¥2,392 million, but quarterly net income attributable to owners of the parent was a loss of ¥355 million due to recognition of recall-related losses concerning defective hoses manufactured by a subsidiary, compared with a profit of ¥1,472 million in the year-earlier period.」
Net sales, operating profit and ordinary profit increased year on year, while quarterly net income attributable to owners of the parent deteriorated from a profit of ¥1,472 million to a loss of ¥355 million due to recall-related losses. - FY2018-Q2RestatedAnnual report
「Against this backdrop, the Group's order intake also remained firm, and consolidated net sales increased 5.5% year on year to ¥3,700 million. Operating profit fell 2.4% to ¥1,486 million due to higher expenses, including amortization and personnel costs, but ordinary profit rose 25.1% to ¥1,561 million due in part to lower foreign exchange losses, while quarterly net income attributable to owners of the parent rose 11.2% to ¥978 million.」
While maintaining year-on-year growth in net sales, ordinary profit and quarterly net income attributable to owners of the parent, operating profit declined due to higher amortization and personnel costs, among other factors. - FY2018-Q1AdvancedAnnual report
「The Group's order intake also remained generally solid. Consolidated net sales were ¥1,847.5 billion, up 5.0% year on year; operating profit was ¥850 million, up 1.7%; ordinary profit was ¥894 million, up 45.2%; and net income attributable to owners of the parent was ¥530 million, up 27.9%.」
Net sales and profits increased year on year, with net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all rising. - FY2017SoftenedAnnual report
「The Group's operating performance resulted in lower net sales and lower profits.」
For the full year, net sales and operating profit declined, while net income attributable to owners of the parent increased 8.6% year on year, representing some improvement from the across-the-board profit declines seen in the quarterly reports. - FY2017-Q3RestatedAnnual report
「The Group's order intake remained firm in the automotive-related business, but consolidated net sales fell 4.8% year on year to ¥5,207.5 billion due to sluggish growth in construction machinery and other areas and the translation impact of the stronger yen. Operating profit fell 27.9% to ¥2,079 million due to higher manufacturing and administrative costs and the burden of the hose business in Thailand. Ordinary profit fell 30.3% to ¥2,152 million, and net income attributable to owners of the parent fell 31.8% to ¥1,472 million.」
For the nine months, net sales, operating profit, ordinary profit and net income attributable to owners of the parent were all below the year-earlier period. - FY2017-Q2RestatedAnnual report
「Consolidated net sales were ¥3,507.3 billion, down 4.8% year on year. Operating profit fell 26.8% to ¥1,522 million due to higher global amortization and SG&A expense ratios and the burden of the hose business in Thailand. In addition, foreign exchange gains and losses exerted downward pressure, resulting in ordinary profit of ¥1,248 million, down 40.8%, and net income attributable to owners of the parent of ¥880 million, down 38.4%.」
In the first half, net sales, operating profit, ordinary profit and net income attributable to owners of the parent were also below the year-earlier period. - FY2017-Q1First statedAnnual report
「Consolidated net sales were ¥1,758.7 billion, down 4.3% year on year. Operating profit fell 28.8% to ¥836 million, affected by higher global amortization expenses and the burden of the hose business in Thailand. In addition, foreign exchange gains and losses exerted downward pressure, resulting in ordinary profit of ¥615 million, down 50.0%, and net income attributable to owners of the parent of ¥414 million, down 47.7%.」
Net sales, operating profit, ordinary profit and net income attributable to owners of the parent all fell below the year-earlier quarter.