Komori
Nihon Seiko (5729) · FactAdvancedLatest Earnings presentation (2026-08-06): "Worsened"

Growth in Operating Profit, Ordinary Profit and Net Income Despite Lower Revenue

First written in FY2017-Q3. 16 of 38 entries say "Advanced", first in FY2017. Latest entry: 2026-08-06.

38entries
10years
5from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q1 – FY2020AdvancedFY2021-Q1 – FY2022MitigatedFY2024-Q2 – FY2026-H12017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 320232024: 320242025: 220252026: 62026
Same theme, other companies
Profit Growth Amid Revenue DeclineA theme 125 companies write about · 2 as a headwind · 133 as a tailwind

The whole theme swung hardest in 2020: 24 of 107 companies on the "Worse" side.

8 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 125 companies compared. The sentences above are computed from all 125.
Full recordFilings, disclosures and news, newest first
  2. FY2026AdvancedAnnual report

    「For the fiscal year, net sales were ¥40,866 million, up 62.3% year on year; operating profit was ¥6,080 million, up 69.0%; ordinary profit was ¥6,025 million, up 70.6%; and net income attributable to owners of the parent was ¥4,214 million, up 71.6%.」

    Following substantial growth in both sales and profit in the previous fiscal year, growth continued, with net sales up 62.3%, operating profit up 69.0%, ordinary profit up 70.6%, and net income up 71.6%.
  4. FY2026-H1AdvancedAnnual report

    「Net sales were ¥20,839 million, up ¥9,980 million year on year, or 91.9%. As a result, operating profit was ¥4,802 million, up ¥3,878 million, or 419.7%. Ordinary profit was ¥4,755 million, up ¥3,873 million, or 438.9%, and interim net income was ¥3,301 million, up ¥2,697 million, or 445.9%.」

    For the interim consolidated period, net sales increased 91.9%, operating profit increased 419.7%, ordinary profit increased 438.9%, and interim net income increased 445.9%, representing substantial growth in both sales and profit.
  5. FY2025AdvancedAnnual report

    「For the fiscal year, net sales were ¥25,179 million, up 61.5% year on year; operating profit was ¥3,598 million, up 433.4%; ordinary profit was ¥3,531 million, up 400.0%; and net income attributable to owners of the parent was ¥2,456 million, up 388.5%.」

    Following declines in both sales and profit in the previous fiscal year, the current fiscal year delivered substantial growth in both, with net sales up 61.5%, operating profit up 433.4%, ordinary profit up 400.0%, and net income up 388.5%.
  6. FY2025-H1AdvancedAnnual report

    「Net sales were ¥10,859 million, up ¥2,975 million year on year, or 37.7%. As a result, operating profit was ¥924 million, up ¥716 million, or 344.5%. Ordinary profit was ¥882 million, up ¥648 million, or 276.7%, and interim net income was ¥604 million, up ¥443 million, or 274.5%.」

    Net sales increased 37.7% year on year, operating profit increased 344.5%, ordinary profit increased 276.7%, and interim net income increased 274.5%, marking a substantial shift from the previous fiscal year's declines in both sales and profit to strong growth in both.
  7. FY2024MitigatedAnnual report

    「For the fiscal year, net sales were ¥15,589 million, down 2.1% year on year; operating profit was ¥674 million, down 16.0%; ordinary profit was ¥706 million, down 10.8%; and net income attributable to owners of the parent was ¥502 million, up 4.3%.」

    For the full year, declines in sales, operating profit and ordinary profit continued, but the decline in operating profit narrowed from 58.1% for the nine months ended the third quarter to 16.0%, while net income attributable to owners of the parent increased 4.3%.
  8. FY2024-Q3MitigatedAnnual report

    「As a result, operating profit was ¥420 million, down ¥333 million year on year, or 44.2%.」

    For the nine months ended the third quarter, declines in both sales and profit continued, but the rate of decline in net sales narrowed from 8.4% in the previous quarter to 6.5%, while the rate of decline in operating profit narrowed from 65.8% to 44.2%. The rates of decline in ordinary profit and net income were 40.5% and 38.5%, respectively.
  9. FY2024-Q2MitigatedAnnual report

    「Net sales were ¥7,883 million, down ¥722 million year on year, or 8.4%. As a result, operating profit was ¥207 million, down ¥400 million, or 65.8%. Net income attributable to owners of the parent was ¥161 million, down ¥275 million, or 63.1%.」

    Although declines in both sales and profit continued year on year, the rates of decline in net sales and operating profit narrowed from 12.9% and 86.8% in the previous quarter to 8.4% and 65.8%, respectively.
  10. FY2024-Q1WorsenedAnnual report

    「As a result, first-quarter net sales were ¥3,800 million, down ¥562 million year on year, or 12.9%; operating profit was ¥52 million, down ¥345 million, or 86.8%; ordinary profit was ¥79 million, down ¥346 million, or 81.4%; and net income attributable to owners of the parent was ¥22 million, down ¥277 million, or 92.6%.」

    Net sales declined year on year, while operating profit declined 86.8%, ordinary profit declined 81.4%, and net income attributable to owners of the parent declined 92.6%; the decline in profit widened from the previous quarter.
  11. FY2023-Q3WorsenedAnnual report

    「Net sales were ¥12,322 million, down ¥531 million, or 4.1%, from the same nine-month cumulative period of the previous year. Cost of sales was ¥10,743 million, up ¥454 million, or 4.4%. Selling, general and administrative expenses were ¥824 million, up ¥60 million, or 7.9%. As a result, operating profit was ¥754 million, down ¥1,046 million, or 58.1%. Ordinary profit was ¥741 million, down ¥1,052 million, or 58.7%. Net income attributable to owners of the parent was ¥514 million, down ¥728 million, or 58.6%.」

    For the nine months ended the third quarter, the decline in both sales and profit deepened, with net sales down 4.1%, operating profit down 58.1%, ordinary profit down 58.7%, and net income down 58.6% year on year.
  12. FY2023-Q2WorsenedAnnual report

    「Net sales were ¥8,606 million, down ¥160 million year on year, or 1.8%. Cost of sales was ¥7,447 million, up ¥488 million, or 7.0%. Selling, general and administrative expenses were ¥550 million, up ¥44 million, or 8.8%. As a result, operating profit was ¥608 million, down ¥693 million, or 53.3%. Ordinary profit was ¥626 million, down ¥666 million, or 51.5%, and net income attributable to owners of the parent was ¥437 million, down ¥459 million, or 51.3%.」

    For the six months ended the second quarter, net sales declined 1.8%, operating profit declined 53.3%, ordinary profit declined 51.5%, and net income attributable to owners of the parent declined 51.3%, resulting in declines in both sales and profit.
  13. FY2023-Q1WorsenedAnnual report

    「As a result, first-quarter net sales were ¥4,362 million, up ¥100 million year on year, or 2.4%; operating profit was ¥397 million, down ¥294 million, or 42.6%; ordinary profit was ¥426 million, down ¥260 million, or 37.9%; and net income attributable to owners of the parent was ¥300 million, down ¥177 million, or 37.1%.」

    Net sales increased 2.4%, while operating profit declined 42.6%, ordinary profit declined 37.9%, and net income attributable to owners of the parent declined 37.1%, marking a shift to growth in sales but a decline in profit.
  14. FY2022AdvancedAnnual report

    「For the fiscal year, net sales were ¥17,097 million, up 52.0% year on year; operating profit was ¥2,191 million, up 83.4%; ordinary profit was ¥2,246 million, up 86.0%; and net income attributable to owners of the parent was ¥1,540 million, up 89.4%.」

    Net sales increased 52.0%, operating profit increased 83.4%, ordinary profit increased 86.0%, and net income increased 89.4%, representing substantial growth in both sales and profit.
  15. FY2022-Q3AdvancedAnnual report

    「Net sales were ¥12,853 million, up ¥5,139 million, or 66.6%, from the same nine-month cumulative period of the previous year. As a result, operating profit was ¥1,801 million, up ¥1,049 million, or 139.5%. Ordinary profit was ¥1,794 million, up ¥1,048 million, or 140.7%. Net income attributable to owners of the parent was ¥1,243 million, up ¥743 million, or 149.0%.」

    For the nine months ended the third quarter, net sales increased 66.6%, operating profit increased 139.5%, ordinary profit increased 140.7%, and net income attributable to owners of the parent increased 149.0%.
  16. FY2022-Q2AdvancedAnnual report

    「Net sales were ¥8,767 million, up ¥3,835 million year on year, or 77.8%. Cost of sales was ¥6,958 million, up ¥2,948 million, or 73.5%. Selling, general and administrative expenses were ¥506 million, up ¥69 million, or 15.9%. As a result, operating profit was ¥1,302 million, up ¥817 million, or 168.7%.」

    For the six months ended the second quarter, net sales increased 77.8% and operating profit increased 168.7%. Ordinary profit increased 166.6% and net income attributable to owners of the parent increased 166.2%, indicating further growth in both sales and profit.
  17. FY2022-Q1AdvancedAnnual report

    「As a result, first-quarter net sales were ¥4,262 million, up ¥1,711 million year on year, or 67.1%; operating profit was ¥692 million, up ¥405 million, or 141.6%; ordinary profit was ¥686 million, up ¥402 million, or 141.5%; and net income attributable to owners of the parent was ¥477 million, up ¥278 million, or 139.7%.」

    Net sales increased 67.1% year on year, while operating profit increased 141.6%, ordinary profit increased 141.5%, and net income attributable to owners of the parent increased 139.7%.
  18. FY2021AdvancedAnnual report

    「For the fiscal year, net sales were ¥11,247 million, up 3.1% year on year; operating profit was ¥1,194 million, up 166.4%; ordinary profit was ¥1,207 million, up 178.5%; and net income attributable to owners of the parent was ¥813 million, up 184.3%.」

    Following declines in both sales and profit in the previous fiscal year, the current fiscal year returned to growth in both sales and profit, with net sales up 3.1%, operating profit up 166.4%, ordinary profit up 178.5%, and net income up 184.3%.
  19. FY2021-Q3AdvancedAnnual report

    「Net sales were ¥7,713 million, down ¥434 million, or 5.3%, from the same nine-month cumulative period of the previous year. Cost of sales was ¥6,305 million, down ¥916 million, or 12.7%. Selling, general and administrative expenses were ¥656 million, down ¥50 million, or 7.1%. As a result, operating profit was ¥752 million, up ¥531 million, or 241.3%, from the same period of the previous year.」

    For the nine months ended the third quarter, net sales declined 5.3%, while operating profit increased 241.3%. Ordinary profit increased 256.4% and net income attributable to owners of the parent increased 271.6%.
  20. FY2021-Q2AdvancedAnnual report

    「Net sales were ¥4,931 million, down ¥606 million year on year, or 10.9%. Cost of sales was ¥4,010 million, down ¥918 million, or 18.6%. Selling, general and administrative expenses were ¥436 million, down ¥49 million, or 10.2%. As a result, operating profit was ¥484 million, up ¥361 million, or 292.8%.」

    For the six months ended the second quarter, net sales declined 10.9%, while operating profit increased 292.8%. Ordinary profit increased 373.4% and net income attributable to owners of the parent increased 465.5%, indicating further profit growth despite lower sales.
  21. FY2021-Q1AdvancedAnnual report

    「As a result, first-quarter net sales were ¥2,551 million, down ¥393 million year on year, or 13.4%; operating profit was ¥286 million, up ¥89 million, or 45.5%; ordinary profit was ¥284 million, up ¥99 million, or 53.7%; and net income attributable to owners of the parent was ¥199 million, up ¥74 million, or 60.0%.」

    While net sales declined 13.4% year on year, operating profit increased 45.5%, ordinary profit increased 53.7%, and net income attributable to owners of the parent increased 60.0%, confirming renewed profit growth despite lower sales.
  22. FY2020WorsenedAnnual report

    「For the fiscal year, net sales were ¥10,913 million, down 22.5% year on year; operating profit was ¥448 million, down 64.2%; ordinary profit was ¥433 million, down 64.5%; and net income attributable to owners of the parent was ¥286 million, down 65.5%.」

    Following growth in both sales and profit in the previous fiscal year, the current fiscal year saw declines in both sales and profit, with net sales down 22.5%, operating profit down 64.2%, ordinary profit down 64.5%, and net income down 65.5%.
  23. FY2020-Q3WorsenedAnnual report

    「Net sales were ¥8,148 million, down ¥2,827 million, or 25.8%, from the same nine-month cumulative period of the previous year. Cost of sales was ¥7,221 million, down ¥1,932 million, or 21.1%. Selling, general and administrative expenses were ¥706 million, down ¥80 million, or 10.2%. As a result, operating profit was ¥220 million, down ¥814 million, or 78.7%, from the same period of the previous year. Non-operating income increased by ¥5 million to ¥30 million, while non-operating expenses declined by ¥3 million to ¥41 million. As a result, ordinary profit was ¥209 million, down ¥805 million, or 79.4%, from the same period of the previous year. Net income attributable to owners of the parent was ¥134 million, down ¥565 million, or 80.8%.」

    For the nine months ended the third quarter, net sales declined 25.8%, while operating profit, ordinary profit and net income attributable to owners of the parent declined 78.7%, 79.4% and 80.8%, respectively.
  24. FY2020-Q2WorsenedAnnual report

    「As a result, operating profit was ¥123 million, down ¥597 million, or 82.9%, from the previous consolidated fiscal year.」

    Operating profit for the six months ended the second quarter was ¥123 million, and the year-on-year decline widened from 49.9% in the previous quarter to 82.9%. Ordinary profit of ¥102 million and net income attributable to owners of the parent of ¥59 million also declined sharply, deepening the decline in both sales and profit.
  25. FY2020-Q1WorsenedAnnual report

    「As a result, first-quarter net sales were ¥2,945 million, down ¥717 million year on year, or 19.6%; operating profit was ¥197 million, down ¥196 million, or 49.9%; ordinary profit was ¥185 million, down ¥217 million, or 54.0%; and net income attributable to owners of the parent was ¥124 million, down ¥151 million, or 55.0%.」

    Following growth in both sales and profit in the same quarter of the previous year, the first quarter saw declines in both sales and profit, with net sales down 19.6%, operating profit down 49.9%, ordinary profit down 54.0%, and net income attributable to owners of the parent down 55.0%.
  26. FY2019WorsenedAnnual report

    「For the fiscal year, net sales were ¥14,083 million, down 3.1% year on year; operating profit was ¥1,252 million, down 11.9%; ordinary profit was ¥1,222 million, down 10.9%; and net income attributable to owners of the parent was ¥829 million, down 12.8%.」

    Following growth in both sales and profit in the previous fiscal year, net sales, operating profit, ordinary profit and net income attributable to owners of the parent all declined in the current fiscal year.
  27. FY2019-Q3WorsenedAnnual report

    「As a result, operating profit was ¥1,034 million, down ¥150 million, or 12.7%, from the previous consolidated fiscal year.」

    For the nine months ended the third quarter, net sales increased only 0.4% year on year, while operating profit declined 12.7%, ordinary profit declined 13.2%, and net income attributable to owners of the parent declined 15.4%, with the decline in profit continuing.
  28. FY2019-Q2WorsenedAnnual report

    「As a result, operating profit was ¥721 million, down ¥107 million, or 12.9%, from the previous consolidated fiscal year.」

    For the six months ended the second quarter, net sales increased 1.0% year on year, while operating profit declined 12.9%, ordinary profit declined 12.9%, and net income attributable to owners of the parent declined 16.2%, resulting in growth in sales but a decline in profit.
  29. FY2019-Q1WorsenedAnnual report

    「As a result, operating profit was ¥393 million, down ¥37 million year on year, or 8.8%.」

    In the quarter, net sales declined 0.3% year on year, operating profit declined 8.8%, ordinary profit declined 6.0%, and net income attributable to owners of the parent declined 12.8%, marking a shift from the period of growth in both sales and profit that had continued from the previous fiscal year to declines in both sales and profit.
  30. FY2018ReframedAnnual report

    「For the fiscal year, net sales were ¥14,528 million, up 26.2% year on year; operating profit was ¥1,420 million, up 47.0%; ordinary profit was ¥1,372 million, up 43.6%; and net income attributable to owners of the parent was ¥951 million, up 47.5%.」

    The description of performance shifted from the previous pattern of profit growth despite lower sales to growth in both sales and profit, with net sales also increasing in the current fiscal year.
  31. FY2018-Q3AdvancedAnnual report

    「As a result, third-quarter net sales were ¥10,928 million, up ¥2,609 million year on year, or 31.4%; operating profit was ¥1,184 million, up ¥507 million, or 75.0%; ordinary profit was ¥1,168 million, up ¥504 million, or 75.9%; and net income attributable to owners of the parent was ¥827 million, up ¥372 million, or 82.0%.」

    Growth in both sales and profit continued in the third quarter, with net sales up 31.4%, operating profit up 75.0%, ordinary profit up 75.9%, and net income attributable to owners of the parent up 82.0%.
  32. FY2018-Q2AdvancedAnnual report

    「As a result, second-quarter net sales were ¥7,347 million, up ¥1,990 million year on year, or 37.2%; operating profit was ¥828 million, up ¥443 million, or 115.0%; ordinary profit was ¥818 million, up ¥482 million, or 143.6%; and net income attributable to owners of the parent was ¥585 million, up ¥353 million, or 152.3%.」

    Growth in both sales and profit continued in the second quarter, with net sales up 37.2%, operating profit up 115.0%, ordinary profit up 143.6%, and net income attributable to owners of the parent up 152.3%.
  33. FY2018-Q1AdvancedAnnual report

    「As a result, first-quarter net sales were ¥3,675 million, up ¥970 million year on year, or 35.9%; operating profit was ¥431 million, up ¥246 million, or 133.6%; ordinary profit was ¥427 million, up ¥275 million, or 181.5%; and net income attributable to owners of the parent was ¥316 million, up ¥211 million, or 200.8%.」

    Net sales increased 35.9% year on year, while operating profit increased 133.6%, ordinary profit increased 181.5%, and net income attributable to owners of the parent increased 200.8%. Performance shifted from profit growth despite lower full-year sales to growth in both sales and profit in the quarter.
  34. FY2017AdvancedAnnual report

    「As a result, consolidated net sales for the fiscal year were ¥11,511 million, down ¥286 million year on year, or 2.4%; operating profit was ¥966 million, up ¥434 million, or 81.5%; ordinary profit was ¥955 million, up ¥449 million, or 89.0%; and net income attributable to owners of the parent was ¥644 million, up ¥331 million, or 106.1%.」

    For the full year, net sales declined 2.4%, while operating profit increased 81.5%, ordinary profit increased 89.0%, and net income attributable to owners of the parent increased 106.1%.
  35. FY2017-Q3First statedAnnual report

    「As a result, third-quarter revenue decreased by ¥916 million, or 9.9%, year on year, to ¥8,318 million. Operating profit increased by ¥169 million, or 33.5%, to ¥677 million, ordinary profit increased by ¥164 million, or 32.8%, to ¥664 million, and profit attributable to owners of the parent increased by ¥133 million, or 41.6%, to ¥455 million.」

    Revenue declined 9.9% year on year, while operating profit, ordinary profit and profit attributable to owners of the parent all increased.
Moved together

"Deterioration in Profitability Due to Falling Antimony Prices" moved the same way as this thread, in the same document, in 27 of its 38 moves.

27272320187★123456
  1. ★This thread
  2. 1Deterioration in Profitability Due to Falling Antimony Prices27×
  3. 2Steady Demand for Metal Powders Used in Smartphones and Soft Magnetic Materials27×
  4. 3Lower Powder-Metallurgy Demand Due to Weakness in the Domestic Auto Market and Vehicle Fuel-Economy Scandals23×
  5. 4Earnings Volatility Due to Fluctuations in Nonferrous Metal Prices20×
  6. 5Strengthening Domestic and Overseas Sales and Developing the Chinese Market18×
  7. 6Risk of Production Adjustments and Declining Demand Due to COVID-197×

★ 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.

When this could move next
Nihon Seiko's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Earnings presentation of 2026-08-06: "Worsened".
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