Improvement in Operating and Ordinary Profit Driven by Productivity Gains and a Decline in Net Profit
First written in FY2016. 3 of 44 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Return to lower full-year sales and an across-the-board swing to lossesAnnual report
「Net sales were ¥4,261 million, a decrease of ¥365 million year on year. In terms of earnings, the cost burden increased beyond the expected level due to persistently high energy prices and further upward pressure. Against this backdrop, housing starts declined amid rising housing prices and an upward trend in mortgage rates, and demand conditions remained challenging. Under these circumstances, we worked to strengthen production process controls and build an efficient production structure. We also began passing higher costs through to selling prices at the end of the fiscal year, but the period was too short for the resulting improvement in profitability to take effect. Accordingly, the Company recorded an operating loss of ¥101 million, compared with operating profit of ¥105 million in the previous fiscal year; an ordinary loss of ¥98 million, compared with ordinary profit of ¥104 million; and a net loss of ¥115 million, compared with net income of ¥70 million.」
For the full year, net sales decreased by ¥365 million from the previous fiscal year, and operating profit, ordinary profit, and net income all turned from profit in the previous fiscal year to losses. The main text also describes net sales as having increased year on year. - FY2026-H1Return to losses across the board amid declining revenueAnnual report
「However, as noted above, net sales were ¥2,215 million, down ¥221 million year on year, due largely to the decline in housing starts resulting from concerns over higher mortgage rates, in addition to rising housing prices against a backdrop of the weaker yen and persistently high material and energy prices. On the earnings front, the Company strengthened manufacturing process controls and pursued more efficient production in response to higher manufacturing costs and other factors. It also passed higher procurement costs resulting from the weaker yen through to selling prices, but the impact of lower sales was substantial. Gross profit was ¥376 million, down ¥104 million year on year; operating loss was ¥16 million, compared with operating income of ¥72 million in the previous fiscal year; ordinary loss was ¥6 million, compared with ordinary income of ¥72 million; and interim net loss was ¥10 million, compared with interim net income of ¥50 million.」
Operating income, ordinary income and interim net income all turned from higher earnings and profits in the year-earlier period to losses despite lower revenue. - FY2025AdvancedAnnual report
「Consequently, operating income was ¥105 million, compared with an operating loss of ¥63 million in the previous fiscal year; ordinary income was ¥104 million, compared with an ordinary loss of ¥54 million; and net income was ¥70 million, compared with a net loss of ¥65 million.」
The Company returned to profitability, moving from an operating loss, ordinary loss and net loss in the previous fiscal year to operating income of ¥105 million, ordinary income of ¥104 million and net income of ¥70 million. - FY2025-H1AdvancedAnnual report
「In terms of earnings, the company strengthened manufacturing process control and pursued more efficient production to address higher manufacturing costs, including those resulting from higher crude oil prices. It also passed on to selling prices the increases in product procurement costs resulting from the weaker yen. As a result, gross profit was ¥480 million, up ¥59 million year on year; operating profit was ¥72 million, up ¥61 million; ordinary profit was ¥72 million, up ¥57 million; and interim net income was ¥50 million, up ¥47 million.」
Revenue increased year on year, and operating income, ordinary income and interim net income all improved significantly. Following broad-based losses in the previous full fiscal year, the current interim accounting period saw higher earnings and a return to profitability. - FY2024Full-year revenue decline and a return to losses across the boardAnnual report
「However, the decline in housing starts for owner-occupied homes had a significant impact on the Company's sales, resulting in net sales of ¥4,521 million, down ¥521 million from the previous fiscal year. On the earnings front, the Company passed higher costs of sales, including higher manufacturing costs resulting from soaring crude oil prices, higher procurement costs resulting from the weaker yen and an additional ¥107 million inventory valuation loss recognized following a review of inventories held during the fiscal year to reduce inventory management costs, through to selling prices. The Company also worked to improve yield, strengthen process controls thoroughly and pursue more efficient production. Consequently, operating loss was ¥87 million, compared with operating income of ¥18 million in the previous fiscal year; ordinary loss was ¥54 million, compared with ordinary income of ¥55 million; and net loss was ¥65 million, compared with net income of ¥24 million.」
For the full year, net sales declined by ¥521 million from the previous fiscal year, and operating income, ordinary income and net income all turned from profits in the previous fiscal year to losses. A broad-based return to losses despite lower revenue was confirmed. - FY2024-Q3Broad-based earnings declines and a return to losses despite lower revenueAnnual report
「On the earnings front, the Company passed higher manufacturing costs resulting from soaring crude oil prices and higher procurement costs resulting from the weaker yen through to selling prices. Although it also tightened process controls and pursued more efficient production, gross profit was ¥587 million, down ¥17 million year on year; operating loss was ¥18 million, compared with operating income of ¥12 million in the year-earlier period; ordinary loss was ¥2 million, compared with ordinary income of ¥37 million; and quarterly net loss was ¥8 million, compared with quarterly net income of ¥24 million.」
Net sales declined by ¥481 million year on year, and gross profit also decreased. Operating income, ordinary income and net income all turned from profits in the year-earlier period to losses, resulting in broad-based earnings declines and a return to losses despite lower revenue. - FY2024-Q2Continued broad-based earnings declines amid lower revenue, with earnings levels falling sharplyAnnual report
「Against this backdrop, the Company worked to expand sales of its core products, the CERAM series and SHINTO Kawara S, develop new customers, promote its products through social media such as YouTube and LINE, and conduct remote sales activities using web-conferencing applications. Net sales were ¥2,322 million, down ¥368 million year on year. On the earnings front, the Company passed higher manufacturing costs resulting from soaring crude oil prices and higher procurement costs resulting from the weaker yen through to selling prices. Although it also tightened process controls and pursued more efficient production, gross profit was ¥413 million, down ¥31 million year on year; operating income was ¥3 million, down ¥41 million; ordinary income was ¥14 million, down ¥49 million; and quarterly net income was ¥2 million, down ¥40 million.」
Revenue declined, and gross profit, operating income, ordinary income and quarterly net income all fell below the year-earlier period. The earnings trend shifted from improved earnings despite lower revenue in the previous quarter to broad-based earnings declines despite lower revenue. - FY2024-Q1Lower operating income, ordinary income and net income despite lower revenueAnnual report
「Against this backdrop, the Company pursued proactive sales activities, including expanding sales of its core products, the CERAM series and SHINTO Kawara S, developing new customers, promoting its products through social media such as YouTube and LINE, and conducting remote sales using web-conferencing applications. As a result, net sales were ¥1,172 million, down ¥176 million year on year. On the earnings front, the Company passed higher manufacturing costs resulting from soaring crude oil prices and higher procurement costs resulting from the weaker yen through to selling prices. Although it also tightened process controls and pursued more efficient production, the impact of lower sales was substantial. Gross profit was ¥220 million, up ¥1 million year on year; operating income was ¥18 million, down ¥4 million; ordinary income was ¥23 million, down ¥6 million; and quarterly net income was ¥15 million, down ¥4 million.」
Revenue declined year on year and, although gross profit increased slightly, operating income, ordinary income and quarterly net income all decreased. The earnings pattern shifted from a recovery in full-year earnings in the previous fiscal year to lower earnings despite declining revenue in the current quarter. - FY2023Recovery in operating income, ordinary income and net income despite lower revenueAnnual report
「However, the decline in housing starts for owner-occupied homes had a significant impact on the Company's sales, resulting in net sales of ¥5,042 million, down ¥377 million from the previous fiscal year. On the earnings front, the Company passed higher manufacturing costs resulting from soaring crude oil prices and higher procurement costs resulting from the weaker yen through to selling prices. In addition, as a result of improved yield, stricter process controls and more efficient production, the cost-of-sales ratio declined by 0.8 percentage points from the previous fiscal year to 84.1%. Consequently, operating income was ¥18 million, compared with a loss of ¥2 million in the previous fiscal year; ordinary income was ¥55 million, up ¥33 million; and net income was ¥24 million, compared with a loss of ¥1 million in the previous fiscal year.」
Despite lower revenue, operating income, ordinary income and net income improved from the low levels or losses recorded in the previous fiscal year, supported by selling-price revisions, improved yield, tighter process controls and more efficient production. - FY2023-Q3Return to operating profitability, higher ordinary income and higher net income despite lower revenueAnnual report
「Against this backdrop, the Company worked to expand sales of its core products, the CERAM series and SHINTO Kawara S, develop new customers, promote its products through social media such as YouTube and LINE, and conduct remote sales activities using web-conferencing applications. Net sales were ¥3,800 million, down ¥291 million year on year. On the earnings front, the Company passed higher manufacturing costs resulting from soaring crude oil prices and higher procurement costs resulting from the weaker yen through to selling prices. As a result of tighter process controls and more efficient production, gross profit was ¥605 million, down ¥16 million year on year; operating income was ¥12 million, compared with an operating loss of ¥6 million in the year-earlier period; ordinary income was ¥37 million, up ¥30 million; and net income was ¥24 million, up ¥21 million.」
Net sales declined by ¥291 million year on year, while operating income turned from a loss in the year-earlier period to a profit, and ordinary income and quarterly net income also increased. - FY2023-Q2Higher operating profit, higher ordinary profit and higher net income amid declining revenueAnnual report
「Against this backdrop, the company continued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers, as well as promoting its products through social media such as YouTube and LINE and conducting remote sales activities using web-conferencing applications. However, revenue was ¥2,691 million, down ¥127 million year on year. In terms of earnings, the company passed higher manufacturing costs due to rising crude oil prices and higher procurement costs due to the weaker yen through to selling prices. In addition, strengthened process management and efficient production resulted in gross profit of ¥445 million, unchanged year on year; operating profit of ¥44 million, up ¥23 million; ordinary profit of ¥63 million, up ¥32 million; and quarterly net income of ¥43 million, up ¥22 million.」
Revenue declined in the cumulative second quarter of the 60th fiscal year, while gross profit was broadly flat and operating income, ordinary income and net income all exceeded the year-earlier period. - FY2023-Q1Higher operating profit, higher ordinary profit and higher net income amid higher revenueAnnual report
「As a result, revenue increased year on year to ¥1,348 million, up ¥22 million. In terms of earnings, the company passed higher manufacturing costs due to rising crude oil prices and higher procurement costs due to the weaker yen through to selling prices. In addition, strengthened process management and efficient production resulted in gross profit of ¥218 million, down ¥7 million year on year; operating profit of ¥23 million, up ¥10 million; ordinary profit of ¥29 million, up ¥7 million; and quarterly net income of ¥19 million, up ¥5 million.」
Revenue increased year on year and gross profit declined, while operating profit, ordinary profit and quarterly net income increased. - FY2022Operating loss, lower ordinary profit and shift to a net loss amid higher revenueAnnual report
「Revenue increased year on year to ¥5,419 million, up ¥406 million. In terms of earnings, the company made every effort to improve factory utilization and yield in response to the sharp increase in procurement costs accompanying higher energy resource prices. However, it was unable to recover the higher costs, and the cost-of-sales ratio rose 1.4 percentage points from the previous fiscal year to 85.0%. As a result, the company posted an operating loss of ¥2 million, compared with operating profit of ¥19 million in the previous fiscal year; ordinary profit of ¥22 million, down ¥28 million; and a net loss of ¥1 million, compared with net income of ¥1 million.」
Revenue increased, but the company was unable to recover the higher costs caused by rising energy resource prices. Operating profit turned into a loss, ordinary profit declined, and net income turned into a loss. - FY2022-Q3Operating loss, lower ordinary profit and return to net profitability amid higher revenueAnnual report
「Against this backdrop, the company pursued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers. To prevent the spread of COVID-19, it also promoted its products through social media such as YouTube and LINE and conducted remote sales activities using web-conferencing applications. As a result, revenue was ¥4,092 million, compared with ¥3,673 million in the same period of the previous year. In terms of earnings, the company worked to reduce costs by reviewing the factory operating schedule, strengthening process management and improving production efficiency. However, higher manufacturing costs due to rising fuel prices and other factors resulted in gross profit of ¥622 million, compared with ¥612 million; an operating loss of ¥6 million, compared with operating profit of ¥3 million; ordinary profit of ¥7 million, compared with ¥15 million; and quarterly net income of ¥3 million, compared with a quarterly net loss of ¥30 million.」
During the nine-month period, revenue increased, but operating profit turned from a profit in the same period of the previous year to a loss and ordinary profit declined. Meanwhile, quarterly net income turned from a loss in the same period of the previous year to a profit of ¥3 million. - FY2022-Q2Revenue growth, earnings growth across the board and return to profitabilityAnnual report
「Against this backdrop, the company pursued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers. To prevent the spread of COVID-19, it also promoted its products through social media such as YouTube and LINE and conducted remote sales activities using web-conferencing applications. As a result, revenue was ¥2,818 million, compared with ¥2,551 million in the same period of the previous year. In terms of earnings, although manufacturing costs rose due to higher fuel prices, strengthened process management, efficient production and a review of the factory operating schedule resulted in gross profit of ¥445 million, compared with ¥431 million; operating profit of ¥21 million, compared with ¥1 million; ordinary profit of ¥31 million, compared with ¥9 million; and quarterly net income of ¥20 million, compared with a quarterly net loss of ¥42 million.」
During the six-month period, revenue increased, gross profit, operating profit and ordinary profit rose, and quarterly net income turned from a loss in the same period of the previous year to a profit. - FY2022-Q1Quarterly return to profitabilityAnnual report
「As a result, revenue was ¥1,325 million, compared with revenue of ¥1,216 million in the same period of the previous year. In terms of earnings, although manufacturing costs rose due to higher fuel prices, strengthened process management, efficient production and a review of the factory operating schedule resulted in gross profit of ¥225 million, compared with ¥213 million; operating profit of ¥12 million, compared with an operating loss of ¥2 million; ordinary profit of ¥21 million, compared with ordinary profit of ¥0 million; and quarterly net income of ¥14 million, compared with a quarterly net loss of ¥62 million.」
In the first quarter of the 59th fiscal year, revenue increased, and operating profit, ordinary profit and quarterly net income improved from losses or low levels in the same period of the previous year to profits. - FY2021Full-year decline in revenue and earnings, with a sharp drop in net incomeAnnual report
「Against this backdrop, the company pursued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers. To prevent the spread of COVID-19, it also promoted its products through social media such as YouTube and LINE and conducted remote sales activities using web-conferencing applications. However, revenue declined year on year to ¥5,013 million, down ¥482 million. In terms of earnings, the closure in the first quarter of the Nifuku Factory, dedicated to J-shaped interlocking tiles, and the Head Office No. 2 Factory, dedicated to specialty tiles, following a review of the factory operating plan improved overall production efficiency. However, the significant impact of lower revenue resulted in operating profit of ¥19 million, down ¥12 million year on year; ordinary profit of ¥51 million, down ¥1 million; and net income of ¥1 million, down ¥21 million.」
For the full year, revenue, operating profit, ordinary profit and net income all fell below the previous fiscal year, with net income declining to ¥1 million. Meanwhile, the company continued to report improved production efficiency following the factory closures. - FY2021-Q3Operating profit turns positive and net loss recorded amid declining revenueAnnual report
「As a result, gross profit was ¥612 million, down ¥92 million year on year; operating profit was ¥3 million, compared with an operating loss of ¥3 million; ordinary profit was ¥15 million, up ¥3 million; and the company posted a quarterly net loss of ¥30 million, compared with quarterly net income of ¥5 million.」
During the nine-month period of the 58th fiscal year, revenue and gross profit declined, while operating profit turned from a loss in the same period of the previous year to a profit of ¥3 million and ordinary profit also increased. However, quarterly net income turned from a profit in the same period of the previous year to a loss of ¥30 million. - FY2021-Q2Sharp decline in operating profit and shift to a net loss amid declining revenueAnnual report
「Revenue was ¥2,551 million, down ¥450 million year on year. In terms of earnings, the Nifuku Factory, dedicated to J-shaped interlocking tiles, and the Head Office No. 2 Factory, dedicated to specialty tiles, were closed in the first quarter following a review of the factory operating plan. This improved overall production efficiency, enabling the cost-of-sales ratio for the six-month period to be maintained at 83.1%, up 1.0 percentage point from the same period of the previous year. However, the impact of lower revenue was significant, resulting in gross profit of ¥431 million, down ¥105 million year on year; operating profit of ¥1 million, down ¥43 million; ordinary profit of ¥9 million, down ¥47 million; and a quarterly net loss of ¥42 million, compared with quarterly net income of ¥37 million.」
During the six-month period of the 58th fiscal year, revenue, gross profit, operating profit and ordinary profit fell below the same period of the previous year, while quarterly net income turned from a profit in the same period of the previous year to a loss of ¥42 million. - FY2021-Q1Operating loss and net loss amid declining revenueAnnual report
「As a result, revenue was ¥1,216 million, down ¥304 million year on year. In terms of earnings, despite strengthened process management, efficient production, lower manufacturing costs due to falling fuel prices and a review of the factory operating schedule, gross profit was ¥213 million, down ¥40 million year on year; the company posted an operating loss of ¥2 million, compared with operating profit of ¥2 million; and ordinary profit was ¥0 million, down ¥10 million. The company had the Nifuku Factory, dedicated to J-shaped interlocking tiles, and the Head Office No. 2 Factory, dedicated to specialty tiles, but decided to close both factories to improve overall production efficiency by revising its factory operating plan. The resulting idle fixed assets were impaired in accordance with the accounting standard for impairment of fixed assets, and ¥70 million was recorded as an extraordinary loss, specifically an impairment loss. Consequently, the company posted a quarterly net loss of ¥62 million, compared with quarterly net income of ¥6 million in the same period of the previous year.」
In the first quarter of the 58th fiscal year, revenue declined by ¥304 million year on year, operating profit turned into a loss, and the company posted a quarterly net loss of ¥62 million, including an impairment loss of ¥70 million. The earnings pattern changed from operating profit and net income in the same period of the previous year to losses amid declining revenue. - FY2020Continued earnings growth and improved operating margin amid declining revenueAnnual report
「The company worked to reduce costs by taking advantage of a sharp decline in fuel procurement prices to lower raw material costs and by reducing bonuses, and also strengthened process management and improved production efficiency. As a result, the gross profit margin was 16.9%, compared with 15.1% in the previous fiscal year. Although revenue declined year on year, gross profit increased by ¥22 million to ¥933 million, compared with ¥910 million in the previous fiscal year.」
Full-year revenue declined by ¥526 million year on year, but the gross profit margin improved from 15.1% to 16.9%, while operating profit increased from ¥1 million to ¥32 million and net income from ¥17 million to ¥22 million. - FY2020-Q3Operating loss narrows and ordinary profit remains positive amid declining revenueAnnual report
「Against this backdrop, the company pursued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers. However, revenue declined year on year to ¥4,237 million, down ¥193 million. In terms of earnings, despite efforts to improve production efficiency, gross profit was ¥704 million, up ¥48 million year on year; the operating loss narrowed to ¥3 million from ¥34 million; ordinary profit was ¥11 million, up ¥3 million; and quarterly net income was ¥5 million, compared with a quarterly net loss of ¥0 million.」
During the nine-month period of the 57th fiscal year, revenue declined, while gross profit increased, the operating loss narrowed, and ordinary profit and quarterly net income improved from their loss levels in the same period of the previous year. - FY2020-Q2Increase across the board amid declining revenueAnnual report
「Against this backdrop, the company pursued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers. However, revenue declined year on year to ¥3,002 million, down ¥74 million. In terms of earnings, lower energy costs for fuel and other inputs and efforts to improve production efficiency resulted in gross profit of ¥536 million, up ¥53 million year on year; operating profit of ¥44 million, up ¥32 million; ordinary profit of ¥56 million, up ¥29 million; and quarterly net income of ¥37 million, up ¥14 million.」
During the six-month period of the 57th fiscal year, revenue declined year on year, while gross profit, operating profit, ordinary profit and quarterly net income all exceeded the same period of the previous year. - FY2020-Q1Quarterly revenue growth and return to profitabilityAnnual report
「Against this backdrop, the company continued to provide detailed shipping support for homes damaged by Typhoon No. 15, which made landfall in the Kanto region in September, and pursued active sales activities, including expanding sales of its main products, the CERAM series and SHINTO Kawara S, and developing new customers. As a result, revenue increased year on year to ¥1,520 million, up ¥117 million. In terms of earnings, higher revenue, improved productivity and lower energy costs for fuel and other inputs resulted in gross profit of ¥254 million, up ¥68 million year on year; operating profit of ¥2 million, compared with an operating loss of ¥46 million; ordinary profit of ¥10 million, compared with an ordinary loss of ¥42 million; and quarterly net income of ¥6 million, compared with a quarterly net loss of ¥32 million.」
In the first quarter of the 57th fiscal year, revenue increased, and operating profit, ordinary profit and quarterly net income turned from losses in the same period of the previous year to profits. - FY2019Full-year revenue growth and return to profitabilityAnnual report
「Revenue increased year on year to ¥6,021 million, up ¥262 million. In terms of earnings, cost reductions, including a review of the tile storage yards and the return of unnecessary leased land, resulted in operating profit of ¥1 million, compared with an operating loss of ¥61 million in the previous fiscal year; ordinary profit of ¥51 million, compared with an ordinary loss of ¥54 million; and net income of ¥17 million, compared with a net loss of ¥104 million.」
For the full 56th fiscal year, revenue increased, and operating profit, ordinary profit and net income each turned from losses in the previous fiscal year to profits. - FY2019-Q3Operating loss narrows and ordinary profit turns positive amid higher revenueAnnual report
「As a result of active sales activities, including expanding sales of the CERAM series and developing new customers, revenue increased year on year to ¥4,430 million, up ¥152 million. In terms of earnings, efforts to improve production efficiency resulted in gross profit of ¥656 million, down ¥6 million year on year; an operating loss of ¥34 million, compared with an operating loss of ¥52 million; ordinary profit of ¥8 million, compared with an ordinary loss of ¥40 million; and a quarterly net loss of ¥0 million, compared with a quarterly net loss of ¥33 million.」
During the nine-month period of the 56th fiscal year, revenue increased and, although gross profit declined, the operating loss narrowed and ordinary profit turned positive. The quarterly net loss also narrowed to ¥0 million. - FY2019-Q2Continued profit decline despite higher revenueAnnual report
「As a result of active sales activities, including expanding sales of the CERAM series and developing new customers, revenue increased year on year to ¥3,077 million, up ¥38 million. In terms of earnings, despite efforts to improve production efficiency, gross profit was ¥483 million, down ¥46 million year on year; operating profit was ¥11 million, down ¥30 million; ordinary profit was ¥26 million, down ¥24 million; and quarterly net income was ¥22 million, down ¥11 million, due mainly to crude oil prices remaining higher than in the same period of the previous year.」
Revenue turned to year-on-year growth, while gross profit, operating profit, ordinary profit and quarterly net income all fell below the same period of the previous year. - FY2019-Q1RestatedAnnual report
「In terms of earnings, although efforts were made to improve production efficiency, gross profit was ¥185 million, down ¥64 million year on year; operating loss was ¥46 million, compared with operating profit of ¥9 million in the previous fiscal year; ordinary loss was ¥42 million, compared with ordinary profit of ¥15 million; and net loss for the quarter was ¥32 million, compared with net income of ¥9 million, owing to higher energy costs resulting from the rise in crude oil prices and other factors.」
In the first quarter of the 56th fiscal year, revenue and gross profit fell below the same period of the previous year, while operating profit, ordinary profit and quarterly net income turned from profits in the same period of the previous year to losses. Quarterly losses have continued following the full-year return to losses in the previous fiscal year. - FY2018Full-year falls into the redAnnual report
「Revenue declined year on year to ¥5,758 million, down ¥534 million. In terms of earnings, lower revenue and other factors resulted in an operating loss of ¥61 million, compared with operating profit of ¥92 million in the previous fiscal year; an ordinary loss of ¥54 million, compared with ordinary profit of ¥115 million; and a net loss of ¥104 million, compared with net income of ¥76 million.」
For the full 55th fiscal year, in addition to declining revenue, operating profit, ordinary profit and net income each turned from a profit in the previous fiscal year to a loss, confirming the return to losses. - FY2018-Q3Nine-month period falls into the redAnnual report
「In terms of sales, the company pursued active sales activities, including expanding sales of its main product, the CERAM series, and developing new customers. However, revenue declined year on year to ¥4,278 million, down ¥400 million, due mainly to the continued low level of housing starts for detached homes. In terms of earnings, despite efforts to improve production efficiency, the impact of lower revenue resulted in gross profit of ¥663 million, down ¥222 million; an operating loss of ¥52 million, compared with operating profit of ¥107 million in the same period of the previous year; an ordinary loss of ¥40 million, compared with ordinary profit of ¥127 million; and a quarterly net loss of ¥33 million, compared with quarterly net income of ¥84 million.」
During the nine-month period of the 55th fiscal year, in addition to declining revenue, operating profit, ordinary profit and quarterly net income all turned from profits in the same period of the previous year to losses. - FY2018-Q2RestatedAnnual report
「Accordingly, revenue was ¥3,038 million, down ¥244 million year on year; gross profit was ¥529 million, down ¥145 million; operating profit was ¥42 million, down ¥107 million; ordinary profit was ¥50 million, down ¥113 million; and quarterly net income was ¥34 million, down ¥80 million.」
During the six-month period, revenue, gross profit, operating profit, ordinary profit and quarterly net income all fell below the same period of the previous year, resulting in an earnings pattern of declines across the board. - FY2018-Q1Quarterly decline in earnings across the boardAnnual report
「In terms of earnings, operating profit, ordinary profit and quarterly net income all fell below the previous fiscal year due to lower revenue and other factors. Accordingly, revenue was ¥1,444 million, down ¥159 million year on year; gross profit was ¥250 million, down ¥68 million; operating profit was ¥9 million, down ¥38 million; ordinary profit was ¥15 million, down ¥35 million; and quarterly net income was ¥9 million, down ¥24 million.」
Although gross profit and operating profit exceeded the same period of the previous year in the first quarter of the previous year, during the current first quarter, revenue, gross profit, operating profit, ordinary profit and quarterly net income all fell below the same period of the previous year. - FY2017Full-year decline in revenue and earningsAnnual report
「In terms of sales, the company pursued active sales activities, including expanding sales of its main product, the CERAM series, and developing new customers. However, revenue declined year on year due to the continued low level of housing starts for detached homes and lower solar-related sales. In terms of earnings, operating profit, ordinary profit and net income all fell below the previous fiscal year due to lower revenue and other factors. Accordingly, revenue was ¥6,293 million, down 8.0% year on year; operating profit was ¥92 million, down 43.6%; ordinary profit was ¥115 million, down 36.9%; and net income was ¥76 million, down 32.8%.」
The earnings pattern changed from an increase across the board amid declining revenue during the nine-month period to revenue, operating profit, ordinary profit and net income all falling below the previous fiscal year for the full year. - FY2017-Q3Increase across the board amid declining revenueAnnual report
「In terms of sales, the company pursued sales activities leveraging the strengths of its main products, including the CERAM series and SHINTO Kawara S, a stone-coated sheet-metal roofing product for renovations. However, revenue declined year on year due to lower solar-related sales and other factors. In terms of earnings, despite the impact of lower revenue, efforts to improve production efficiency resulted in gross profit, operating profit, ordinary profit and quarterly net income all exceeding the same period of the previous year. Accordingly, revenue was ¥4,678 million, down ¥454 million year on year; gross profit was ¥885 million, up ¥24 million; operating profit was ¥107 million, up ¥21 million; ordinary profit was ¥127 million, up ¥28 million; and quarterly net income was ¥84 million, up ¥16 million.」
Revenue declined year on year due to lower solar-related sales and other factors, but gross profit, operating profit, ordinary profit and quarterly net income all exceeded the same period of the previous year. The earnings pattern has changed from a decline across the board in the preceding cumulative quarter to this result. - FY2017-Q2Earnings pattern shifts to declines across the boardAnnual report
「In terms of profit, we worked to improve production efficiency, but the impact of lower revenue caused gross profit, operating profit, ordinary profit, and quarterly net profit all to fall below the levels of the same period of the previous year. As a result, revenue was ¥3,282 million, down ¥371 million year on year; gross profit was ¥675 million, down ¥4 million; operating profit was ¥149 million, down ¥7 million; ordinary profit was ¥164 million, down ¥4 million; and quarterly net profit was ¥114 million, down ¥7 million.」
Although gross profit and operating profit exceeded the same period of the previous year in the preceding quarter, during the six-month period, revenue, gross profit, operating profit, ordinary profit and quarterly net income all declined year on year. - FY2017-Q1Update to quarterly earnings patternAnnual report
「In terms of sales, the company conducted sales activities leveraging the strengths of its main products, including the CERAM series and SHINTO Kawara S, a stone-coated sheet-metal roofing product for renovations. However, revenue declined year on year due to the reversal of rush demand associated with the prolonged consumption tax increase and other factors. In terms of earnings, although revenue declined, gross profit and operating profit exceeded the same period of the previous year due to production efficiencies and other factors, while ordinary profit and quarterly net income fell below the same period of the previous year. Accordingly, revenue was ¥1,604 million, down ¥107 million year on year; gross profit was ¥318 million, up ¥20 million; operating profit was ¥48 million, unchanged; ordinary profit was ¥51 million, down ¥2 million; and quarterly net income was ¥33 million, down ¥10 million.」
The company reported quarterly results in which revenue, ordinary profit and quarterly net income declined year on year, while gross profit and operating profit increased. - FY2016First statedAnnual report
「Operating profit and ordinary profit exceeded the previous fiscal year due to productivity gains, while net income fell below the previous fiscal year. Accordingly, revenue was ¥6,839 million, up 0.1% year on year; operating profit was ¥163 million, up 308.2%; ordinary profit was ¥182 million, up 202.2%; and net income was ¥114 million, down 22.5%.」
The company reported that operating profit and ordinary profit increased due to productivity gains, while net income declined due to impairment losses and other factors.