Improvement in earnings structure
First written in FY2016. 16 of 39 entries say "Advanced", first in FY2016. Latest entry: 2026-11-13.
No other company in this theme has enough history to compare yet.
- FY2026Higher volume, revenue and operating income; lower ordinary income and net incomeAnnual report
「During the fiscal year, sales volume was 21,176 tonnes, up 6.3% year on year. Due mainly to high prices for copper, the primary raw material, revenue was ¥30,145 million, up 15.4%, and operating income was ¥2,694 million, up 46.8%. Derivative losses of ¥1,703 million arose on transactions used to hedge the risk of copper-price fluctuations, resulting in ordinary income of ¥1,028 million, down 27.2%, and net income of ¥742 million, down 23.1%.」
While sales volume, revenue and operating income increased, ordinary income and net income fell below the previous year due to larger derivative losses. - FY2026-H1Higher volume and revenue; lower operating income; lower ordinary income and net incomeAnnual report
「During the interim accounting period, sales volume was 10,668 tonnes, up 10.0% year on year. Revenue was ¥13,823 million, up 7.7%, while operating income was ¥733 million, down 31.0%. A derivative valuation loss of ¥300 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥436 million, down 44.9%, and interim net income of ¥299 million, down 44.9%.」
While sales volume and revenue exceeded the previous year, operating income, ordinary income and interim net income declined. - FY2025AdvancedAnnual report
「During the fiscal year, sales volume was 19,917 tonnes, down 2.1% year on year. As copper prices remained at high levels, revenue was ¥26,122 million, up 11.9%, and operating income was ¥1,835 million, up 52.9%. Derivative losses of ¥360 million and derivative valuation losses of ¥94 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥1,413 million, up 76.5%, and net income of ¥964 million, up 73.6%.」
Although sales volume declined, revenue, operating income, ordinary income and net income exceeded the previous year, improving earnings performance from the decline in revenue and earnings in FY2024. - FY2025-H1AdvancedAnnual report
「During the interim accounting period, sales volume was 9,697 tonnes, down 7.8% year on year. As copper prices remained at high levels, revenue was ¥12,834 million, up 8.6%, and operating income was ¥1,064 million, up 79.9%. Derivative losses of ¥285 million arose on transactions used to hedge the risk of copper-price fluctuations, resulting in ordinary income of ¥792 million, up 96.3%, and interim net income of ¥543 million, up 96.0%.」
Although sales volume declined, revenue, operating income, ordinary income and interim net income all exceeded the previous year, improving earnings performance from the decline in revenue and earnings in FY2024-H1. - FY2024WorsenedAnnual report
「During the fiscal year, sales volume was 20,342 tonnes, down 14.9% year on year, and revenue was ¥23,338 million, down 14.3%. In terms of earnings, operating income was ¥1,200 million, down 24.6%. Derivative losses of ¥248 million and derivative valuation losses of ¥201 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥801 million, down 46.8%, and net income of ¥555 million, down 46.1%.」
Sales volume, revenue, operating income, ordinary income and net income all fell below the previous year, and earnings deteriorated as hedging-related losses also arose. - FY2024-Q3WorsenedAnnual report
「During the nine months ended with the third quarter, sales volume was 15,383 tonnes, down 16.4% year on year, and revenue was ¥17,458 million, down 17.1%. In terms of earnings, operating income was ¥921 million, down 26.6%. Derivative losses of ¥145 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥806 million, down 43.4%, and quarterly net income of ¥555 million, down 43.1%.」
Sales volume, revenue, operating income, ordinary income and quarterly net income all fell below the previous year, indicating deterioration in earnings performance metrics. - FY2024-Q2WorsenedAnnual report
「During the six months ended with the second quarter, sales volume was 10,514 tonnes, down 15.9% year on year, and revenue was ¥11,813 million, down 18.0%. In terms of earnings, operating income was ¥591 million, down 39.8%. Derivative losses of ¥51 million and derivative valuation losses of ¥174 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥403 million, down 66.9%, and quarterly net income of ¥277 million, down 66.8%.」
Sales volume, revenue, operating income, ordinary income and quarterly net income all fell below the previous year, indicating deterioration in performance metrics related to the earnings structure. - FY2024-Q1Lower volume and revenue; lower operating income; lower ordinary income; lower net incomeAnnual report
「Against this backdrop, during the three months ended with the first quarter, sales volume was 5,753 tonnes, down 13.2% year on year, and revenue was ¥6,302 million, down 18.0%. In terms of earnings, operating income was ¥305 million, down 46.5%. Derivative gains of ¥90 million, derivative valuation gains of ¥18 million and derivative valuation losses of ¥126 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥321 million, down 62.3%, and quarterly net income of ¥221 million, down 62.0%.」
Sales volume, revenue, operating income, ordinary income and quarterly net income all fell below the previous year. - FY2023Lower volume and higher revenue; lower operating income; slight increase in ordinary income; lower net incomeAnnual report
「During the fiscal year, sales volume was 23,894 tonnes, down 6.2% year on year, while revenue was ¥27,242 million, up 4.2%, because copper prices were higher than in the previous year. In terms of earnings, operating income was ¥1,591 million, down 32.7%. However, derivative valuation gains of ¥22 million, derivative losses of ¥34 million and derivative valuation losses of ¥90 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥1,505 million, up 0.1%, and net income of ¥1,031 million, down 2.5%.」
For the full year, sales volume declined while revenue increased against a backdrop of high copper prices. Operating income and net income declined, while ordinary income, including derivative gains and losses, edged up. - FY2023-Q3Lower volume and higher revenue; lower operating income; higher ordinary income; higher net incomeAnnual report
「As a result, during the nine months ended with the third quarter, sales volume was 18,411 tonnes, down 4.1% year on year, while revenue was ¥21,071 million, up 9.3%, because copper prices were higher than in the previous year. In terms of earnings, operating income was ¥1,255 million, down 25.7%. However, derivative gains of ¥156 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥1,425 million, up 14.1%, and quarterly net income of ¥976 million, up 14.8%.」
While sales volume declined, revenue increased against a backdrop of high copper prices. Operating income declined, but ordinary income and quarterly net income increased due to derivative gains, so the earnings items moved in different directions. - FY2023-Q2Lower volume and higher revenue; lower operating income; higher ordinary income; higher net incomeAnnual report
「As a result, during the six months ended with the second quarter, sales volume was 12,501 tonnes, down 3.4% year on year, while revenue was ¥14,413 million, up 12.6%, because copper prices were higher than in the previous year. In terms of earnings, operating income was ¥982 million, down 20.9%. However, derivative gains of ¥312 million and a derivative valuation loss of ¥86 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥1,219 million, up 1.8%, and quarterly net income of ¥835 million, up 2.4%.」
While sales volume and operating income fell below the previous year, revenue, ordinary income and quarterly net income increased. - FY2023-Q1Revenue, ordinary profit and net profit increased, while operating profit declinedAnnual report
「As a result, during the three months ended with the first quarter, sales volume was 6,628 tonnes, down 0.6% year on year, while revenue was ¥7,682 million, up 23.3%, because copper prices were higher than in the same quarter of the previous year. In terms of earnings, operating income was ¥572 million, down 22.5%. However, derivative gains of ¥47 million and derivative valuation gains of ¥223 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥851 million, up 38.8%, and quarterly net income of ¥583 million, up 39.7%.」
While sales volume and operating income fell below the previous year, revenue, ordinary income and quarterly net income increased. The increases in ordinary income and net income included derivative gains and valuation gains. - FY2022AdvancedAnnual report
「During the fiscal year, sales volume was 25,484 tonnes, up 20.3% year on year, and revenue was ¥26,137 million, up 67.3%. In terms of earnings, operating income increased to ¥2,365 million, up 43.0%, due mainly to higher sales volume. However, derivative losses of ¥562 million and derivative valuation losses of ¥313 million arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥1,503 million, up 148.0%, and net income of ¥1,058 million, up 154.4%.」
Sales volume, revenue, operating income, ordinary income and net income exceeded the previous year; ordinary income increased 148.0% and net income increased 154.4%. - FY2022-Q3AdvancedAnnual report
「As a result, during the nine months ended with the third quarter, sales volume was 19,197 tonnes, up 28.8% year on year, and revenue was ¥19,275 million, up 84.5%. In terms of earnings, operating income increased to ¥1,689 million, up 74.4%, due mainly to higher sales volume. However, derivative losses of ¥269 million, including ¥116 million in the third quarter, and derivative valuation losses of ¥182 million, including ¥177 million in the third quarter, arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥1,249 million, up 362.1%, and quarterly net income of ¥850 million, up 356.2%.」
During the nine months ended with the third quarter, sales volume, revenue, operating income, ordinary income and quarterly net income exceeded the previous year, indicating measurable improvement in earnings. - FY2022-Q2AdvancedAnnual report
「As a result, during the six months ended with the second quarter, sales volume was 12,939 tonnes, up 39.9% year on year, and revenue was ¥12,795 million, up 107.9%. In terms of earnings, operating income increased to ¥1,241 million, up 137.0%, due mainly to higher sales volume. Non-operating income and expenses included a derivative valuation gain of ¥104 million, a derivative loss of ¥152 million and a derivative valuation loss of ¥5 million, resulting in ordinary income of ¥1,197 million, up 1,330.2%, and quarterly net income of ¥815 million, up 1,153.3%.」
Sales volume, revenue, operating income, ordinary income and quarterly net income all significantly exceeded the previous year, indicating measurable progress in earnings. - FY2022-Q1AdvancedAnnual report
「As a result, during the three months ended with the first quarter, sales volume was 6,669 tonnes, up 33.2% year on year, and revenue was ¥6,229 million, up 92.8%. In terms of earnings, operating income increased to ¥738 million, up 293.3%, due mainly to higher sales volume. However, derivative losses of ¥142 million arose in the first quarter on transactions used to hedge copper-price risk, resulting in ordinary income of ¥613 million, compared with an ordinary loss of ¥93 million in the previous year, and quarterly net income of ¥417 million, compared with a quarterly net loss of ¥66 million in the previous year.」
Sales volume, revenue, operating income, ordinary income and quarterly net income improved substantially from the previous year. Although derivative losses arose, the results indicate measurable progress in earnings. - FY2021Lower volume and revenue; higher operating income; lower ordinary income and net incomeAnnual report
「As a result, during the fiscal year, the spread of the infection caused sales volume to fall to 21,192 tonnes, down 11.8% year on year, and revenue to ¥15,618 million, down 9.3%. In terms of earnings, operating income increased to ¥1,654 million, up 49.7%, due mainly to higher copper prices. However, derivative losses of ¥274 million in the fourth quarter and ¥858 million for the full year arose on transactions used to hedge copper-price risk, resulting in ordinary income of ¥606 million, down 59.4%, and net income of ¥415 million, down 59.5%.」
For the full year, sales volume and revenue declined while operating income increased; ordinary income and net income declined due to derivative losses. - FY2021-Q3Lower volume and revenue; higher operating income; lower ordinary income and net incomeAnnual report
「As a result, during the nine months ended with the third quarter, the spread of the infection caused sales volume to fall to 14,902 tonnes, down 18.3% year on year, and revenue to ¥10,445 million, down 20.6%. In terms of earnings, operating income increased to ¥968 million, up 14.5%, due mainly to higher copper prices. However, losses arose on derivative transactions used to hedge copper-price risk, resulting in ordinary income of ¥270 million, down 68.7%, and quarterly net income of ¥186 million, down 68.2%.」
While sales volume and revenue declined, operating income increased due mainly to higher copper prices. However, losses on derivative transactions caused ordinary income and quarterly net income to decline sharply. - FY2021-Q2Lower volume and revenue; slight decline in operating income; sharp decline in ordinary income and net incomeAnnual report
「As a result, during the six months ended with the second quarter, the spread of the infection caused sales volume to fall to 9,248 tonnes, down 24.6% year on year, and revenue to ¥6,155 million, down 32.0%. In terms of earnings, operating income was ¥523 million, down 0.1%, mainly due to lower sales volume. As copper prices rose, losses arose on derivative transactions used to hedge market risk, resulting in ordinary income of ¥83 million, down 88.4%, and quarterly net income of ¥65 million, down 86.6%.」
The spread of the infection reduced sales volume and revenue, while operating income was almost unchanged from the previous year; losses on hedging transactions caused ordinary income and quarterly net income to decline sharply. - FY2021-Q1Lower volume and revenue; lower operating income; ordinary loss and net lossAnnual report
「Due to the spread of the infection, sales volume was 5,005 tonnes, down 22.9% year on year, and revenue was ¥3,231 million, down 34.2%. In terms of earnings, operating income was ¥187 million, down 40.4%, mainly due to lower sales volume. As copper prices rose, losses arose on derivative transactions used to hedge market risk, resulting in an ordinary loss of ¥93 million, compared with ordinary income of ¥442 million in the previous year, and a quarterly net loss of ¥66 million, compared with quarterly net income of ¥297 million in the previous year.」
Due to the spread of COVID-19, sales volume, revenue and operating income fell below the previous year, while ordinary income and quarterly net income turned into losses. - FY2020Lower volume and revenue; lower operating income; higher ordinary income; higher net incomeAnnual report
「As a result, during the fiscal year, sales volume was 24,022 tonnes, down 7.6% year on year, and revenue was ¥17,218 million, down 16.7%, because copper prices fell from the previous year. In terms of earnings, operating income was ¥1,104 million, down 11.4%, due mainly to lower sales volume and an inventory valuation loss resulting from the decline in copper prices. However, ordinary income was ¥1,492 million, up 19.0%, due to hedging transactions against copper-price fluctuations, and net income was ¥1,027 million, up 18.7%.」
While sales volume, revenue and operating income declined, ordinary income and net income increased due to non-operating income, including gains from hedging transactions. - FY2020-Q3Lower volume and revenue; lower operating income; lower ordinary income; lower net incomeAnnual report
「As a result, during the nine months ended with the third quarter, sales volume was 18,249 tonnes, down 6.8% year on year, and revenue was ¥13,159 million, down 17.3%, because copper prices fell from the previous year. In terms of earnings, operating income was ¥846 million, down 7.1%, while ordinary income was ¥863 million, down 13.8%, because derivative gains of ¥143 million were recorded to hedge the risk of raw-material prices, compared with ¥38 million in the previous year, and a derivative valuation loss of ¥134 million was recorded, compared with a valuation gain of ¥48 million in the previous year. Quarterly net income was ¥586 million, down 13.7%.」
Sales volume, revenue, operating income, ordinary income and quarterly net income all fell below the previous year. - FY2020-Q2Lower volume and revenue; higher operating income; higher ordinary income; higher net incomeAnnual report
「As a result, during the six months ended with the second quarter, sales volume was 12,271 tonnes, down 5.0% year on year, and revenue was ¥9,052 million, down 16.1%, because copper prices fell from the previous year. In terms of earnings, operating income was ¥524 million, up 2.1%, while ordinary income was ¥721 million, up 34.7%, because derivative gains of ¥157 million were recorded to hedge the risk of raw-material prices, compared with ¥38 million in the previous year, and a derivative valuation gain of ¥31 million was recorded, compared with a valuation loss of ¥20 million in the previous year. Quarterly net income was ¥487 million, up 33.7%.」
While sales volume and revenue fell below the previous year, operating income, ordinary income and quarterly net income exceeded the previous year. - FY2020-Q1Lower volume and revenue; lower operating income; higher ordinary income; higher net incomeAnnual report
「Sales volume was 6,492 tonnes, down 1.1% year on year, and revenue was ¥4,910 million, down 12.9%, because copper prices fell from the previous year. In terms of earnings, operating income was ¥315 million, down 6.3%, while ordinary income was ¥442 million, up 49.3%, because derivative gains of ¥50 million were recorded to hedge the risk of raw-material prices, compared with derivative losses of ¥58 million in the previous year, and a derivative valuation gain of ¥71 million was recorded, compared with ¥14 million in the previous year. Quarterly net income was ¥297 million, up 48.2%.」
While sales volume, revenue and operating income fell below the previous year, ordinary income and quarterly net income increased due to gains and valuation gains from hedging transactions. - FY2019Higher volume and revenue; lower operating income; higher ordinary income; lower net incomeAnnual report
「Sales volume was 26,008 tonnes, up 4.5% year on year, and revenue was ¥20,660 million, up 8.4%. In terms of earnings, operating income was ¥1,247 million, down 6.5%, while ordinary income was ¥1,254 million, up 4.5%, mainly because derivative gains of ¥33 million were recorded to hedge the risk of raw-material prices, compared with derivative losses of ¥228 million in the previous year, and a derivative valuation loss of ¥60 million was recorded, compared with a valuation gain of ¥86 million in the previous year. Net income was ¥865 million, down 5.9%.」
While sales volume and revenue increased, operating income and net income declined, whereas ordinary income increased, including the change in derivative gains and losses. - FY2019-Q3Lower operating income; higher ordinary incomeAnnual report
「As a result, during the nine months ended with the third quarter, sales volume was 19,575 tonnes, up 5.7% year on year, and revenue was ¥15,903 million, up 15.7%. In terms of earnings, operating income was ¥911 million, down 4.8%, as copper prices fell and a loss on raw-material price differences arose. Ordinary income was ¥1,001 million, up 57.3%, reflecting derivative gains of ¥38 million from hedging the risk of raw-material prices, compared with derivative losses of ¥212 million in the previous year, and a derivative valuation gain of ¥48 million, compared with a valuation loss of ¥117 million in the previous year. Quarterly net income was ¥679 million, up 44.5%.」
Sales volume, revenue, ordinary income and quarterly net income exceeded the previous year, while operating income declined. - FY2019-Q2Lower operating income; higher ordinary incomeAnnual report
「As a result, during the six months ended with the second quarter, sales volume was 12,913 tonnes, up 1.6% year on year, and revenue was ¥10,785 million, up 19.0%, because copper prices were higher than in the previous year. In terms of earnings, operating income was ¥513 million, down 16.3%, while ordinary income was ¥535 million, up 14.3%, mainly because derivative gains of ¥38 million were recorded to hedge the risk of raw-material prices. Quarterly net income was ¥364 million, up 3.3%.」
Sales volume, revenue, ordinary income and quarterly net income exceeded the previous year, while operating income declined, so improvement in the earnings structure varied by item. - FY2019-Q1AdvancedAnnual report
「Sales volume was 6,563 tonnes, down 7.5% year on year, but revenue was ¥5,634 million, up 17.9%, because copper prices were higher than in the same quarter of the previous year. In terms of earnings, operating income was ¥336 million, up 50.7%, while ordinary income was ¥296 million, up 44.8%, mainly because derivative losses of ¥58 million were recorded to hedge the risk of raw-material prices. Quarterly net income was ¥200 million, up 39.8%.」
While sales volume declined year on year, revenue, operating income, ordinary income and quarterly net income all increased, indicating measurable improvement in earnings. - FY2018AdvancedAnnual report
「Sales volume was 24,894 tonnes, down 10.9% year on year, but revenue was ¥19,064 million, up 20.6%, because copper prices were higher than in the previous year. In terms of earnings, operating income was ¥1,333 million, up 44.3%, while ordinary income was ¥1,200 million, up 57.2%, mainly because derivative losses of ¥228 million were recorded to hedge the risk of raw-material prices. Net income was ¥919 million, up 69.6%.」
Although sales volume declined, revenue, operating income, ordinary income and net income exceeded the previous year against a backdrop of higher copper prices, indicating measurable progress in improving the earnings structure. - FY2018-Q3AdvancedAnnual report
「Sales volume was 18,526 tonnes, down 9.1% year on year, but revenue was ¥13,743 million, up 25.5%, because copper prices were higher than in the same quarter of the previous year. In terms of earnings, operating income was ¥957 million, up 70.0%, while ordinary income was ¥636 million, up 67.5%, mainly because derivative losses of ¥212 million were recorded to hedge the risk of raw-material prices. Quarterly net income was ¥470 million, up 73.9%.」
While sales volume declined year on year, revenue, operating income, ordinary income and quarterly net income increased against a backdrop of higher copper prices, indicating measurable improvement in earnings. - FY2018-Q2AdvancedAnnual report
「Sales volume was 12,709 tonnes, down 5.4% year on year, but revenue was ¥9,064 million, up 26.1%, because copper prices were higher than in the same quarter of the previous year. In terms of earnings, operating income was ¥613 million, up 99.7%, while ordinary income was ¥468 million, up 34.0%, mainly because derivative losses of ¥98 million were recorded to hedge the risk of raw-material prices. Quarterly net income was ¥353 million, up 43.0%.」
Although sales volume declined, revenue increased against a backdrop of higher copper prices, and operating income, ordinary income and quarterly net income also increased year on year. The results indicate measurable improvement in earnings. - FY2018-Q1AdvancedAnnual report
「In terms of earnings, operating income was ¥223 million, up 60.1% year on year, while ordinary income was ¥204 million, up 16.0%, mainly because a derivative valuation loss of ¥52 million was recorded to hedge the risk of raw-material prices. Quarterly net income was ¥143 million, up 15.5%.」
Operating income, ordinary income and quarterly net income increased year on year in the first quarter, indicating measurable improvement in earnings. No new specific measures were described. - FY2017AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥15,806 million, up 2.8% year on year, and operating income was ¥924 million, compared with operating income of ¥38 million in the previous year. Ordinary income was ¥763 million, up 83.3% year on year, mainly because derivative losses of ¥217 million were recorded on derivative transactions used to hedge against fluctuations in raw-material prices, compared with derivative gains of ¥188 million in the previous year.」
The company strengthened its operating capacity and management foundation through OEM orders and personnel support, resulting in higher revenue, operating income and ordinary income than in the same period of the previous year. - FY2016AdvancedAnnual report
「Against this backdrop, we focused on improving our earnings structure as follows. (i) To improve management efficiency, we merged with 大阪黄銅株式会社. (ii) To establish an optimal division of labor with our sister company サンエツ金属株式会社 through the allocation of product categories, we transferred our electronic materials business, part of our copper and copper-alloy operations, to サンエツ金属株式会社. (iii) At our Sakai Plant, we began producing copper and copper-alloy products ordered from our sister company サンエツ金属株式会社 on an OEM basis.」
Specific measures were implemented, including a merger, a business transfer and the launch of OEM production.