Improving profitability and growth
First written in FY2016. 13 of 39 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-11-13.
No other company in this theme has enough history to compare yet.
- FY2026RaisedAnnual report
「The ordinary profit target for the fiscal year ending March 2027 is ¥10 billion.」
The ordinary profit target was raised from ¥7.5 billion for the fiscal year ending March 2026 to ¥10 billion for the fiscal year ending March 2027. Actual ordinary profit for the fiscal year ending March 2026 was ¥5,636 million. - 2026-05-21SoftenedManagement Planning
「一方で、銅相場の変動リスクをヘッジするためのデリバティブ取引に係る損失を計上したことにより、経常利益および親会社株主に帰属する当期純利益は減益となり、結果として ROE は低下いたしました。」
2026年3月期のROEが6.7％となり、収益力・資本効率の評価において弱さが示された。一方、収益力強化を引き続き施策として掲げている。 - FY2026-H1WorsenedAnnual report
「For the six months ended the second quarter, revenue increased 12.0% year on year to ¥68,997 million, driven in part by higher sales volumes in the copper processing business following Mitani Copper Works Co., Ltd. becoming a consolidated subsidiary. Operating profit decreased 30.0% to ¥4,156 million because no gains from raw-material price differentials arose, unlike in the same period of the previous year. Ordinary profit decreased 36.8% to ¥2,980 million because a derivative valuation loss of ¥1,529 million was recorded, and interim net income attributable to owners of the parent decreased 30.4% to ¥2,018 million.」
Revenue and sales volumes in the copper processing business increased as Mitani Copper Works became a subsidiary, while operating profit, ordinary profit and interim net income declined year on year. - FY2025RaisedAnnual report
「The ordinary profit target for the fiscal year ending March 2026 is ¥7.5 billion.」
Actual ordinary profit for the fiscal year ending March 2025 was ¥8,383 million, exceeding the previous target of ¥6.5 billion. The new target for the fiscal year ending March 2026 is ¥7.5 billion, representing an increase in the target. - FY2025-H1AdvancedAnnual report
「For the six months ended the second quarter, revenue was ¥61,593 million, up 10.9% year on year, as copper prices remained in a high range. Operating profit increased 67.8% to ¥5,937 million. As non-operating expenses included derivative losses of ¥442 million and derivative valuation losses of ¥1,030 million, ordinary profit increased 71.6% to ¥4,714 million, and interim net income attributable to owners of the parent increased 76.1% to ¥2,899 million.」
Revenue, operating profit, ordinary profit and interim net income attributable to owners of the parent all increased year on year, with operating profit up 67.8%, ordinary profit up 71.6% and interim net income up 76.1%. - FY2024SoftenedAnnual report
「The ordinary profit target for the fiscal year ending March 2025 is ¥6.5 billion.」
Actual ordinary profit for the fiscal year ending March 2024 was ¥6,094 million, below the previously stated target of ¥6.6 billion. The new target for the fiscal year ending March 2025 is ¥6.5 billion, down from ¥6.6 billion. - FY2024-Q3WorsenedAnnual report
「Revenue for the nine months ended the third quarter was ¥83,871 million, down 11.6% year on year, as sales volumes in the copper processing business declined. Operating profit decreased 3.2% to ¥5,982 million. As non-operating income and expenses included derivative gains of ¥22 million, derivative valuation gains of ¥43 million, derivative losses of ¥372 million and derivative valuation losses of ¥461 million, ordinary profit decreased 29.6% to ¥5,485 million, and quarterly net income attributable to owners of the parent decreased 30.9% to ¥3,322 million.」
Against a backdrop of lower sales volumes in the copper processing business, revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined year on year. Ordinary profit declined 29.6% and quarterly net income declined 30.9%. - FY2024-Q2WorsenedAnnual report
「Revenue for the six months ended the second quarter was ¥55,545 million, down 13.7% year on year, as sales volumes in the copper processing business declined. Operating profit decreased 19.6% to ¥3,538 million. As non-operating income and expenses included derivative gains of ¥55 million, derivative valuation gains of ¥3 million, derivative losses of ¥219 million and derivative valuation losses of ¥812 million, ordinary profit decreased 57.2% to ¥2,747 million, and quarterly net income attributable to owners of the parent decreased 58.8% to ¥1,646 million.」
Against a backdrop of lower sales volumes in the copper processing business, revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined year on year. Ordinary profit declined particularly sharply, by 57.2%, and quarterly net income attributable to owners of the parent declined 58.8%, indicating continued deterioration in profitability and growth. - FY2024-Q1WorsenedAnnual report
「Against this operating environment, revenue for the three months ended the first quarter was ¥29,061 million, down 14.6% year on year, as sales volumes in the copper processing business declined. Operating profit decreased 39.7% to ¥1,741 million. As non-operating income and expenses included derivative gains of ¥240 million, derivative valuation gains of ¥185 million and derivative valuation losses of ¥338 million, ordinary profit decreased 56.0% to ¥1,938 million, and quarterly net income attributable to owners of the parent decreased 57.6% to ¥1,169 million.」
Against a backdrop of lower sales volumes in the copper processing business, revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined year on year, indicating deterioration in profitability and growth. - FY2023RaisedAnnual report
「The ordinary profit target for the fiscal year ending March 2024 is ¥6.6 billion.」
The ordinary profit target was raised from ¥6.2 billion for fiscal 2022 to ¥6.6 billion for the fiscal year ending March 2024. Actual ordinary profit for the fiscal year ending March 2023 was ¥8,655 million. - FY2023-Q3Quarterly update of financial resultsAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥94,873 million, up 11.5% year on year, as copper prices were higher than in the same period of the previous year. Operating profit decreased 24.5% to ¥6,183 million. As non-operating income and expenses included derivative gains of ¥316 million and derivative valuation gains of ¥1,047 million, ordinary profit increased 30.8% to ¥7,793 million, and quarterly net income attributable to owners of the parent increased 33.4% to ¥4,810 million.」
Revenue, ordinary profit and quarterly net income attributable to owners of the parent increased year on year, while operating profit declined 24.5%. Including the derivative gains and valuation gains, improvement in earnings indicators and deterioration in operating profit are both recorded in relation to profitability and growth. - FY2023-Q2AdvancedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥64,341 million, up 14.5% year on year, as copper prices were higher than in the same period of the previous year. Operating profit decreased 24.3% to ¥4,400 million. As non-operating income and expenses included derivative gains of ¥772 million and derivative valuation gains of ¥1,234 million, ordinary profit increased 19.1% to ¥6,412 million, and quarterly net income attributable to owners of the parent increased 21.8% to ¥3,991 million.」
Revenue, ordinary profit and quarterly net income attributable to owners of the parent increased year on year. Operating profit, however, declined 24.3%, with both improvement and deterioration recorded in relation to profitability and growth. - FY2023-Q1AdvancedAnnual report
「As a result, revenue for the three months ended the first quarter was ¥34,024 million, up 22.6% year on year, as copper prices were higher than in the same quarter of the previous year. Operating profit decreased 10.8% to ¥2,885 million. As non-operating income and expenses included derivative gains of ¥101 million and derivative valuation gains of ¥1,354 million, ordinary profit increased 71.2% to ¥4,408 million, and quarterly net income attributable to owners of the parent increased 77.3% to ¥2,757 million.」
Revenue increased 22.6% year on year, ordinary profit increased 71.2% and quarterly net income attributable to owners of the parent increased 77.3%. Operating profit, however, declined 10.8%, and derivative gains and valuation gains are cited as factors behind the improvement in earnings indicators. - FY2022AchievedAnnual report
「The ordinary profit target for fiscal 2022 is ¥6.2 billion.」
Ordinary profit was ¥6,571 million against the fiscal 2022 target of ¥6.2 billion, exceeding the target. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥85,084 million, up 83.7% year on year, and operating profit increased 197.7% to ¥8,192 million, driven by the recovery in sales volumes in the copper processing business and the surge in copper prices. As non-operating expenses included derivative losses of ¥751 million, of which ¥479 million arose in the third quarter, and derivative valuation losses of ¥1,685 million, of which ¥1,280 million arose in the third quarter, ordinary profit was ¥5,960 million, compared with an ordinary loss of ¥639 million in the same period of the previous year, and quarterly net income attributable to owners of the parent was ¥3,605 million, compared with a quarterly net loss attributable to owners of the parent of ¥569 million.」
Against a backdrop of recovering sales volumes in the copper processing business and surging copper prices, revenue increased 83.7% year on year and operating profit increased 197.7%. Ordinary loss turned into ordinary profit, and quarterly net loss attributable to owners of the parent turned into net income, indicating measurable progress in profitability and growth. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥56,198 million, up 101.8% year on year, and operating profit increased 446.0% to ¥5,816 million, driven by the recovery in sales volumes in the copper processing business and the surge in copper prices. As non-operating income and expenses included derivative valuation gains of ¥104 million, derivative losses of ¥272 million and derivative valuation losses of ¥405 million, ordinary profit was ¥5,384 million, compared with an ordinary loss of ¥1,040 million in the same period of the previous year, and quarterly net income attributable to owners of the parent was ¥3,277 million, compared with a quarterly net loss attributable to owners of the parent of ¥759 million.」
Against a backdrop of recovering sales volumes in the copper processing business and surging copper prices, revenue increased 101.8% year on year and operating profit increased 446.0%. Ordinary loss turned into ordinary profit of ¥5,384 million, and net loss turned into quarterly net income of ¥3,277 million. - FY2022-Q1AdvancedAnnual report
「As a result, revenue for the three months ended the first quarter was ¥27,762 million, up 90.4% year on year, and operating profit increased 1,749.6% to ¥3,235 million, driven by the recovery in sales volumes in the copper processing business and the surge in copper prices. As non-operating income and expenses included derivative valuation gains of ¥47 million, derivative losses of ¥461 million and derivative valuation losses of ¥326 million, ordinary profit was ¥2,575 million, compared with an ordinary loss of ¥1,289 million in the same quarter of the previous year, and quarterly net income attributable to owners of the parent was ¥1,555 million, compared with a quarterly net loss attributable to owners of the parent of ¥886 million.」
Against a backdrop of recovering sales volumes in the copper processing business and surging copper prices, revenue increased 90.4% year on year and operating profit increased 1,749.6%. Ordinary loss turned into ordinary profit of ¥2,575 million, and quarterly net loss attributable to owners of the parent turned into net income of ¥1,555 million. - FY2021WorsenedAnnual report
「The ordinary profit target for fiscal 2021 is ¥5 billion. Profitability and growth remain insufficient. Going forward, we intend to place even greater emphasis on developing new products and cultivating new markets.」
Although the ordinary profit target for fiscal 2021 was set at ¥5 billion, ordinary profit for the year was only ¥422 million and net income attributable to owners of the parent was only ¥174 million, again indicating insufficient profitability and growth. - FY2021-Q3WorsenedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥46,306 million, down 19.1% year on year, although copper prices were higher than in the same period of the previous year, because sales volumes in the copper processing business declined in the housing and construction, electrical and electronic equipment, and other sectors because of the impact of the spread of COVID-19. Operating profit decreased 14.3% to ¥2,752 million. Although copper prices rose and gains from raw-material price differentials were recorded, operating profit declined because of the impact of the spread of COVID-19. As derivative losses of ¥1,232 million and derivative valuation losses of ¥2,373 million were recorded as non-operating expenses, the company recorded an ordinary loss of ¥639 million, compared with ordinary profit of ¥3,407 million in the previous year, and a quarterly net loss attributable to owners of the parent of ¥569 million, compared with quarterly net income attributable to owners of the parent of ¥1,901 million.」
Because of the impact of the spread of COVID-19, revenue declined 19.1% year on year and operating profit declined 14.3%. The company recorded an ordinary loss of ¥639 million and a quarterly net loss attributable to owners of the parent of ¥569 million because of derivative losses and valuation losses. - FY2021-Q2WorsenedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥27,855 million, down 27.8% year on year, as sales volumes in the copper processing business declined in the housing and construction, electrical and electronic equipment, and other sectors because of the impact of the spread of COVID-19. Operating profit decreased 47.8% to ¥1,065 million. As derivative losses of ¥857 million and derivative valuation losses of ¥1,322 million were recorded as non-operating expenses, the company recorded an ordinary loss of ¥1,040 million, compared with ordinary profit of ¥2,734 million in the previous year, and a quarterly net loss attributable to owners of the parent of ¥759 million, compared with quarterly net income attributable to owners of the parent of ¥1,540 million.」
Against a backdrop of lower sales volumes caused by the spread of COVID-19, revenue declined 27.8% year on year and operating profit declined 47.8%, resulting in an ordinary loss of ¥1,040 million and a quarterly net loss attributable to owners of the parent of ¥759 million. - FY2021-Q1WorsenedAnnual report
「As a result, revenue for the three months ended the first quarter was ¥14,581 million, down 27.0% year on year, as sales volumes in the copper processing business declined in the housing and construction, electrical and electronic equipment, and other sectors because of the impact of the spread of COVID-19. Operating profit decreased 86.2% to ¥174 million. As derivative losses of ¥222 million and derivative valuation losses of ¥1,157 million were recorded as non-operating expenses, the company recorded an ordinary loss of ¥1,289 million, compared with ordinary profit of ¥1,752 million in the same quarter of the previous year, and a quarterly net loss attributable to owners of the parent of ¥886 million, compared with quarterly net income attributable to owners of the parent of ¥1,060 million.」
Lower demand resulting from the spread of COVID-19 and the recording of derivative losses and valuation losses reduced revenue and operating profit, resulting in an ordinary loss and a quarterly net loss attributable to owners of the parent. - FY2020SoftenedAnnual report
「Ordinary profit is the objective indicator used to assess the achievement of the Group’s management targets. However, as the spread of COVID-19 has restricted travel and movement worldwide, consumption and corporate economic activity have remained sluggish. The Group is also concerned that sales volumes may decline going forward and that plants may be temporarily closed to adjust production because of lower demand. As the timing of containment remains uncertain and it is difficult to reasonably calculate earnings forecasts, the ordinary profit target for fiscal 2020 is currently undetermined.」
Ordinary profit is used as the objective indicator for the management target, while the ordinary profit target for fiscal 2020 was left undetermined because of the spread of COVID-19. - FY2020-Q3Quarterly update of financial resultsAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥57,244 million, down 12.0% year on year, as copper prices were lower than in the same period of the previous year. Operating profit decreased 15.2% to ¥3,210 million, as copper prices fell during the period and losses from raw-material price differentials were recorded. Ordinary profit decreased 19.9% to ¥3,407 million. Although derivative gains increased to ¥143 million from ¥57 million, derivative valuation gains were limited to ¥65 million, compared with ¥228 million, and a derivative valuation loss of ¥134 million was recorded, whereas none occurred in the previous year. Quarterly net income attributable to owners of the parent decreased 21.5% to ¥1,901 million.」
Revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined 12.0%, 15.2%, 19.9% and 21.5%, respectively, year on year. Sales volume in the copper processing business also declined 7.8%, and precision components recorded a segment loss of ¥69 million, while piping and plating recorded higher revenue and profit. - FY2020-Q2Quarterly update of financial resultsAnnual report
「As a result, revenue for the six months ended the second quarter was ¥38,605 million, down 11.4% year on year, as copper prices were lower than in the same period of the previous year. Operating profit decreased 11.2% to ¥2,041 million, as copper prices fell during the period. Ordinary profit increased 10.4% to ¥2,734 million, as derivative gains of ¥157 million, compared with ¥38 million in the previous year, and derivative valuation gains of ¥453 million, compared with ¥63 million, were recorded. Quarterly net income attributable to owners of the parent increased 8.2% to ¥1,540 million.」
Although revenue and operating profit declined year on year, ordinary profit and quarterly net income attributable to owners of the parent increased because of higher derivative gains and valuation gains. Sales volume in the copper processing business declined 7.4%, and precision components recorded a segment loss of ¥24 million, while piping and plating recorded a 7.5% increase in revenue and a 16.1% increase in segment profit. - FY2020-Q1Quarterly update of financial resultsAnnual report
「As a result, revenue for the three months ended the first quarter was ¥19,987 million, down 10.6% year on year, as copper prices were lower than in the same quarter of the previous year. Operating profit increased 2.2% to ¥1,266 million. Ordinary profit increased 51.5% to ¥1,752 million, as a derivative gain of ¥50 million and a derivative valuation gain of ¥372 million were recorded, compared with a derivative loss of ¥58 million and a derivative valuation loss of ¥69 million in the same quarter of the previous year. Quarterly net income attributable to owners of the parent increased 65.2% to ¥1,060 million.」
Although revenue declined 10.6% year on year, operating profit increased 2.2%, ordinary profit increased 51.5% and quarterly net income attributable to owners of the parent increased 65.2%. Profitability improved despite lower revenue. - FY2019-Q3Quarterly update of financial resultsAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥65,040 million, up 6.6% year on year. Operating profit decreased 17.3% to ¥3,786 million, as copper prices fell during the period and losses from raw-material price differentials were recorded. Ordinary profit increased 10.3% to ¥4,255 million, as no derivative loss for hedging raw-material price risk, amounting to ¥212 million in the previous year, was recorded, a derivative gain of ¥57 million was recognised, no derivative valuation loss of ¥603 million recorded in the previous year occurred, and a derivative valuation gain of ¥228 million was recognised. Quarterly net income attributable to owners of the parent increased 1.3% to ¥2,422 million.」
Revenue increased 6.6% year on year and ordinary profit increased 10.3%, while operating profit declined 17.3% because of losses from raw-material price differentials caused by falling copper prices. Higher revenue and ordinary profit, alongside lower operating profit, are both recorded in relation to profitability and growth. - FY2019-Q2Quarterly update of financial resultsAnnual report
「As a result, revenue for the six months ended the second quarter was ¥43,585 million, up 10.9% year on year, as copper prices were higher than in the same period of the previous year. Operating profit decreased 16.7% to ¥2,299 million, as copper prices fell during the second quarter. Ordinary profit increased 1.0% to ¥2,477 million, as no derivative loss for hedging raw-material price risk, amounting to ¥98 million in the previous year, was recorded and derivative valuation losses were limited to ¥20 million, compared with ¥283 million in the previous year. Quarterly net income attributable to owners of the parent decreased 6.3% to ¥1,423 million.」
Revenue increased 10.9% year on year and ordinary profit increased 1.0%, while operating profit declined 16.7% because of falling copper prices and quarterly net income attributable to owners of the parent declined 6.3%. Higher revenue and deterioration in earnings are both recorded in relation to profitability and growth. - FY2019-Q1AdvancedAnnual report
「As a result, revenue for the three months ended the first quarter was ¥22,351 million, up 12.3% year on year, as copper prices were higher than in the same quarter of the previous year. Operating profit increased 2.7% to ¥1,239 million. Ordinary profit decreased 2.9% to ¥1,157 million, as derivative losses of ¥58 million and derivative valuation losses of ¥69 million were recorded, compared with derivative valuation losses of ¥66 million in the same quarter of the previous year. Net income attributable to owners of the parent decreased 14.4% to ¥642 million.」
Although revenue and operating profit increased year on year, ordinary profit and quarterly net income attributable to owners of the parent declined because of derivative losses and valuation losses, with both progress and deterioration in profitability and growth recorded. - FY2018AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥83,421 million, up 22.4% year on year, as copper prices remained at a higher average level than in the previous fiscal year. Operating profit increased 38.3% to ¥6,058 million, owing to gains from price differentials arising from higher copper prices. Ordinary profit increased 48.3% to ¥5,897 million, as derivative losses of ¥316 million were recorded, compared with derivative losses of ¥574 million in the previous fiscal year. Net income attributable to owners of the parent increased 47.8% to ¥3,636 million. Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all reached record highs.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all reached record highs, indicating measurable progress in profitability and growth. - FY2018-Q3AdvancedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥61,002 million, up 26.6% year on year, as copper prices remained at a higher average level than in the same period of the previous year. Operating profit increased 86.6% to ¥4,576 million.」
Revenue increased 26.6% year on year and operating profit increased 86.6%. Sales volume in the copper processing business also increased 1.2% to 80,241 tonnes, indicating measurable progress in profitability and growth. - FY2018-Q2AdvancedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥39,289 million, up 24.1% year on year, as copper prices were higher than in the same quarter of the previous year. Operating profit increased 112.3% to ¥2,760 million, as copper prices rose in the second quarter.」
Revenue increased 24.1% year on year and operating profit increased 112.3%. Sales volume in the copper processing business also increased 2.4% to 53,416 tonnes, indicating measurable progress in profitability and growth. - FY2018-Q1AdvancedAnnual report
「As a result, revenue for the three months ended the first quarter was ¥19,895 million, up 24.8% year on year, as copper prices were higher than in the same quarter of the previous year. Operating profit increased 109.3% to ¥1,207 million, as no loss from raw-material price differentials caused by falling copper prices, which occurred in the same quarter of the previous year, was recorded in the current first quarter.」
In the first quarter, revenue increased 24.8% year on year and operating profit increased 109.3%, indicating measurable progress in profitability and growth. - FY2017AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥68,131 million, down 0.5% year on year. However, operating profit increased 141.1% to ¥4,380 million, as the rise and sharp increase in copper prices from November generated gains from raw-material price differentials.」
Although revenue declined slightly, operating profit increased 141.1% year on year, indicating measurable progress in profitability. The company stated that gains from raw-material price differentials were a contributing factor. - FY2017-Q3AdvancedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥48,203 million, down 7.9% year on year, as copper prices remained at a lower average level than in the same period of the previous year. However, operating profit increased 70.4% to ¥2,452 million, as sales volumes in the copper processing business increased.」
Although revenue declined, operating profit increased 70.4% year on year on higher sales volumes in the copper processing business, indicating measurable progress in profitability and growth. - FY2016First statedAnnual report
「Profitability and growth remain insufficient. Going forward, we intend to place even greater emphasis on developing new products and cultivating new markets.」
The company recognises insufficient profitability and growth and has identified new product development and new market development as priorities going forward.