Increase in depreciation expense weighing on carrier business profit
First written in FY2020-Q1. 3 of 17 entries say "Restated". Latest entry: 2026-05-15.
Powdertech moved to the "Worse" side of this theme in 2026.
3 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedEarnings presentation materials
「While we anticipate higher sales volumes and selling prices in the functional materials business, we forecast ordinary profit of ¥530 million, a decline of ¥50 million from FY2025, owing mainly to higher expenses such as personnel expenses and depreciation.」
Higher depreciation is explicitly identified as a factor weighing on FY2026 profit and offsetting the expected increases in sales volumes and selling prices. - FY2026-H1Interim-period increase in depreciation expensesAnnual report
「Depreciation expenses ¥333.710 million ¥339.566 million」
Depreciation expenses for the interim consolidated accounting period under review were ¥339.566 million, up from ¥333.710 million in the same period of the previous year. - FY2025Full-year increase in depreciation expenses recurs as a burden on profitAnnual report
「Although net sales increased 8.8% from the previous fiscal year to ¥8,081 million, the segment benefited from the normalization of inventories, which had been somewhat excessive in the previous fiscal year, but faced cost increases from higher raw material prices, personnel expenses and depreciation expenses. As a result, segment profit was essentially flat at ¥874 million, up 0.1%.」
The Functional Materials Business posted higher sales, but segment profit rose only 0.1% year on year due to higher costs, including depreciation expenses. - FY2025-H1Slight increase in interim-period depreciation expensesAnnual report
「Depreciation expenses ¥328.842 million ¥333.710 million」
Depreciation expenses for the interim consolidated accounting period under review were ¥333.710 million, up from ¥328.842 million in the same period of the previous year. - FY2024Decrease in full-year depreciation expenseAnnual report
「Depreciation expenses ¥841.069 million ¥676.749 million」
Depreciation expenses fell from ¥841.069 million in the previous fiscal year to ¥676.749 million, so the previously cited profit burden from higher depreciation expenses did not continue in the full-year figures. - FY2024-Q3Depreciation expense continues to declineAnnual report
「Depreciation expenses for the cumulative nine-month period under review, including amortization of intangible fixed assets, were as follows. Depreciation expenses ¥622.308 million ¥500.856 million」
Depreciation expenses for the cumulative nine-month period fell from ¥622.308 million in the same period of the previous year to ¥500.856 million. - FY2024-Q2Year-on-year decrease in depreciation expenseAnnual report
「Depreciation expenses ¥411.219 million ¥328.842 million」
Depreciation expenses for the cumulative six-month period fell from ¥411.219 million in the same period of the previous year to ¥328.842 million. - FY2024-Q1Higher fixed costs per unit due to production adjustments become a burden on profitAnnual report
「In this segment, net sales were ¥1,993 million, up 5.6% year on year, as the company pursued appropriate sales prices for electrophotographic carriers in response to higher energy and raw material prices and increased sales of new functional materials. Segment profit was ¥269 million, down 9.5% year on year, as production adjustments to reduce inventories increased fixed costs per unit and raised the cost of sales.」
In the Functional Materials Business during the quarter, higher fixed costs per unit associated with production adjustments to reduce inventories, rather than the previously cited increase in depreciation expenses, were identified as the main cause of lower profit. - FY2023Higher depreciation expenses continue to weigh on profitAnnual report
「In terms of earnings, consolidated operating profit was ¥700 million, down 37.2% from the previous fiscal year, due to higher energy and raw material prices and increased depreciation expenses. Consolidated ordinary profit, including non-operating income and expenses, was ¥741 million, down 34.7%.」
Depreciation expenses increased from ¥741.134 million in the previous fiscal year to ¥841.069 million, becoming a factor reducing operating profit and ordinary profit along with energy and raw material prices. - FY2023-Q3Higher depreciation expenses continue to weigh on profitAnnual report
「In this segment, net sales were ¥5,958 million, up 8.6% year on year, due to a recovery in demand for electrophotographic carriers. Segment profit was ¥971 million, down 15.8% year on year, mainly due to higher energy and raw material prices and increased depreciation expenses.」
The Functional Materials Business posted higher sales as demand for carriers recovered, but higher energy and raw material prices and increased depreciation expenses continued to reduce segment profit. - FY2023-Q2RestatedAnnual report
「In this segment, net sales were ¥3,864 million, up 8.7% year on year, due to a recovery in demand for electrophotographic carriers. Segment profit was ¥614 million, down 13.7% year on year, mainly due to higher energy and raw material prices and increased depreciation expenses.」
While demand for carriers recovered, higher energy and raw material prices and increased depreciation expenses reduced profit in the Functional Materials Business. - FY2023-Q1Higher depreciation expenses recur in the quarterAnnual report
「In this segment, net sales were ¥1,887 million, up 6.5% year on year, due to a recovery in demand for electrophotographic carriers. Segment profit was ¥297 million, down 11.7% year on year, mainly due to higher energy and raw material prices and increased depreciation expenses.」
In the Functional Materials Business, demand for carriers recovered, while higher energy and raw material prices and increased depreciation expenses reduced segment profit. - FY2022Decrease in full-year depreciation expenseAnnual report
「Depreciation expenses fell from ¥812.377 million in the previous consolidated fiscal year to ¥741.134 million in the fiscal year under review.」
Depreciation expenses fell from ¥812.377 million in the previous year to ¥741.134 million, so the previously cited profit burden from higher depreciation expenses did not continue in the full-year figures. - FY2022-Q3Year-on-year decrease in depreciation expenseAnnual report
「Depreciation expenses ¥601.281 million ¥540.655 million」
Depreciation expenses for the cumulative nine-month period fell from ¥601.281 million in the same period of the previous year to ¥540.655 million, so the previously cited profit burden from higher depreciation expenses did not continue in the figures for this period. - FY2020-Q3RestatedAnnual report
「Segment profit was ¥1,504 million, up 9.8% year on year, despite higher depreciation expenses and raw material and energy prices, due to lower cost of sales associated with increased sales of new products and the securing of product inventories ahead of equipment maintenance in the fourth quarter.」
In the Carrier Business, higher depreciation expenses, together with increases in raw material and energy prices, continued to be identified as factors weighing on profit, but were offset by lower cost of sales associated with increased product sales and inventory buildup. - FY2020-Q2RestatedAnnual report
「Segment profit was ¥1,033 million, up 16.4% year on year, as higher depreciation expenses and raw material and energy prices were offset by profit from higher sales volumes and cost reductions.」
In the Carrier Business, higher depreciation expenses, together with increases in raw material and energy prices, continued to be identified as factors weighing on profit, but were offset by profit from higher sales volumes and cost reductions. - FY2020-Q1First statedAnnual report
「Segment profit was ¥518 million, up 7.9% year on year, as higher depreciation expenses and raw material and energy prices were offset by profit from higher sales volumes and cost reductions.」
In the Carrier Business, higher depreciation expenses, together with increases in raw material and energy prices, were identified as factors weighing on profit, but were offset by profit from higher sales volumes and cost reductions.