Improving Consolidated Performance and Corporate Value by Strengthening the Company's Business Foundation
First written in FY2016-Q2. 31 of 64 entries say "Advanced", first in FY2016-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「Foreign-exchange effects from the stronger Mexican peso in the North American market, together with higher raw-material prices and an unfavorable product mix, put pressure on earnings. However, in addition to volume-related profit from higher revenue, the Group pursued profit improvement through global cost-reduction activities. As a result, operating profit was roughly unchanged from the previous year. Ordinary profit and interim net income attributable to owners of the parent exceeded the previous year because the yen moved weaker than at the end of the previous fiscal year. As a result, revenue for the six months ended 30 June was ¥24,103 million, up 13.3% year on year; operating profit was ¥1,102 million, down 1.5%; ordinary profit was ¥1,104 million, up 24.2%; and interim net income attributable to owners of the parent was ¥653 million, up 9.9%.」
Revenue increased 13.3% year on year, ordinary profit increased 24.2% and interim net income attributable to owners of the parent increased 9.9%, indicating progress in revenue and profit including non-operating factors. However, operating profit declined 1.5% and remained roughly unchanged, while raw-material prices, the product mix and the stronger Mexican peso in North America continued to pressure earnings, so the disclosure does not indicate uniform improvement across performance. - FY2025WorsenedAnnual report
「Compared with the initial plan, environment-related demand increased, but revenue fell below plan because of lower demand related to North American automotive products and a slower-than-expected recovery in demand for European air-conditioning-related products. On the earnings side, although lower revenue reduced profit, operating profit and ordinary profit achieved plan as a result of an improved product mix from higher sales of high-value-added environment-related products and profit improvement from global cost-reduction activities. Net income attributable to owners of the parent fell below the initial plan because of quality-related expenses.」
Global cost reductions and an improved product mix from higher sales of high-value-added products enabled operating profit and ordinary profit to achieve plan, while revenue and net income attributable to owners of the parent fell short of plan, the latter because of quality-related expenses. Revenue was ¥44,441 million, operating profit was ¥2,600 million, ordinary profit was ¥2,441 million and net income attributable to owners of the parent was ¥1,514 million, indicating both improvement and deterioration against the overall objectives. - FY2025-H1WorsenedAnnual report
「Although revenue declined, the Group improved its product mix through stronger demand for high-value-added products, including environment-related products, and pursued profit improvement through global cost-reduction activities. As a result, operating profit exceeded the previous year. Ordinary profit fell below the previous year because the yen moved stronger than at the end of the previous fiscal year. Interim net income attributable to owners of the parent also fell below the previous year because the previous year included a gain on the sale of the former headquarters site, while no comparable extraordinary gain was recorded in the current period. As a result, revenue for the six months ended 30 June was ¥21,282 million, down 5.4% year on year; operating profit was ¥1,119 million, up 30.6%; ordinary profit was ¥888 million, down 22.3%; and interim net income attributable to owners of the parent was ¥595 million, down 69.0%.」
Under PROGRESS 2026, the Group continued to pursue its growth strategy, production strategy, efforts to strengthen its management platform and management that takes account of the cost of capital. Higher demand for high-value-added products, an improved product mix and cost reductions increased operating profit 30.6% year on year, while revenue declined 5.4%, ordinary profit declined 22.3% and interim net income attributable to owners of the parent declined 69.0%, indicating a mix of improvement and deterioration across performance. - FY2024-H1WorsenedAnnual report
「On the earnings side, the Group pursued cost-reduction activities and product-price revisions to address higher material costs. However, lower demand due to customer inventory adjustments, foreign-exchange effects from the stronger Mexican peso in the North American market and lower productivity at the Mexican plant put pressure on earnings. As a result, operating profit and ordinary profit fell below the previous year.」
Although the Group pursued cost reductions and product-price revisions, customer inventory adjustments, the stronger Mexican peso in North America and lower productivity at the Mexican plant put pressure on earnings. Revenue declined 0.2% year on year, operating profit declined 41.8% and ordinary profit declined 29.0%, indicating deterioration in the main operating and ordinary results. However, net income attributable to owners of the parent increased 71.6% due to a gain on the sale of the former headquarters site. - FY2024-Q1WorsenedAnnual report
「On the earnings side, the Group pursued sales expansion, cost-reduction activities and product-price revisions to address higher material costs. However, the downturn in China, foreign-exchange effects from the stronger Mexican peso in the North American market and lower productivity at the Mexican plant put pressure on earnings. As a result, operating profit, ordinary profit and quarterly net income attributable to owners of the parent fell below the previous year. Revenue for the three months ended 30 June was ¥11,145 million, up 2.6% year on year; operating profit was ¥402 million, down 45.6%; ordinary profit was ¥523 million, down 30.2%; and quarterly net income attributable to owners of the parent was ¥346 million, down 34.1%.」
Under PROGRESS 2026, the Group continued to pursue its growth strategy, production strategy and efforts to strengthen its management platform. Revenue increased 2.6%, but operating profit declined 45.6%, ordinary profit declined 30.2% and quarterly net income attributable to owners of the parent declined 34.1%, quantifying deterioration in performance. - 2024-05-09WorsenedEarnings
「Although sales exceeded the prior-year period, operating profit, ordinary profit and quarterly profit attributable to owners of the parent fell below the prior-year period due to the downturn in the Chinese market, peso-related foreign-exchange movements in North America and deteriorating productivity at the Mexico plant.」
Sales exceeded the prior-year period, while operating profit, ordinary profit and quarterly profit attributable to owners of the parent deteriorated. - FY2023AdvancedAnnual report
「For the full year, revenue exceeded the previous year, helped by the recovery in demand in the North American automotive industry and foreign-exchange effects. Revenue was also achieved almost in line with the initial plan.」
Revenue was ¥44,758 million, up 2.6% year on year, and was almost in line with the revenue plan. Although profit declined from the previous year, operating profit, ordinary profit and net income attributable to owners of the parent achieved the initial plan, indicating progress toward the objectives. - FY2023-Q3AdvancedAnnual report
「On the earnings side, the impact of clearing order backlogs during the first half, customer inventory adjustments and the downturn in the Chinese market began to emerge. However, continued cost-reduction activities, lower logistics costs resulting from supply-chain improvements and product-price revisions to address higher material costs enabled operating profit, ordinary profit and quarterly net income attributable to owners of the parent to exceed the previous year. As a result, revenue for the nine months ended 30 September was ¥33,544 million, up 5.9% year on year; operating profit was ¥2,044 million, up 32.9%; ordinary profit was ¥2,206 million, up 21.7%; and quarterly net income attributable to owners of the parent was ¥1,633 million, up 38.6%.」
Although the Group was affected by the clearing of order backlogs, customer inventory adjustments and the downturn in China, cost reductions, lower logistics costs and product-price revisions lifted revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent above the prior-year period. Improvement in the main performance indicators was reflected in the nine-month results. - FY2023-Q2AdvancedAnnual report
「On the earnings side, higher revenue and cost-reduction activities, together with lower logistics costs resulting from supply-chain improvements and continued product-price revisions to address soaring copper prices, enabled operating profit, ordinary profit and quarterly net income attributable to owners of the parent to exceed the previous year. As a result, revenue for the six months ended 30 September was ¥22,539 million, up 12.2% year on year; operating profit was ¥1,472 million, up 69.0%; ordinary profit was ¥1,611 million, up 57.3%; and quarterly net income attributable to owners of the parent was ¥1,119 million, up 47.8%.」
Continued cost reductions, lower logistics costs from supply-chain improvements and product-price revisions resulted in revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeding the prior-year period. The main performance indicators show concrete improvement. - FY2023-Q1AdvancedAnnual report
「Results for the three months ended 30 June benefited from improvements in the supply of raw materials, including semiconductors, and continued efforts to strengthen global production and supply systems. As supply-chain conditions improved and order backlogs were reduced, sales increased, led by the wire-harness division, and revenue exceeded the previous year. On the earnings side, higher revenue, aggressive cost-reduction activities, control of selling, general and administrative expenses, lower logistics costs resulting from supply-chain improvements and continued product-price revisions to address higher material costs caused by soaring copper prices resulted in operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeding the previous year. As a result, revenue was ¥10,862 million, up 12.6% year on year; operating profit was ¥738 million, up 109.6%; ordinary profit was ¥749 million, up 78.1%; and quarterly net income attributable to owners of the parent was ¥525 million, up 76.9%.」
Supply-chain improvements, the reduction of order backlogs, cost reductions, control of selling, general and administrative expenses, lower logistics costs and product-price revisions resulted in revenue growth of 12.6% year on year, operating profit growth of 109.6%, ordinary profit growth of 78.1% and growth of 76.9% in quarterly net income attributable to owners of the parent. The main performance indicators improved concretely. - 2023-05-09AdvancedEarnings
「For the three months ended 31 March, sales were ¥10,862 million, up 12.6% year on year, operating profit was ¥738 million, up 109.6%, ordinary profit was ¥749 million, up 78.1%, and quarterly profit attributable to owners of the parent was ¥525 million, up 76.9%.」
Sales and all profit measures exceeded the prior-year period, demonstrating improved consolidated results. - FY2022AdvancedAnnual report
「Against this backdrop, the Group pursued new customer acquisition for automotive, industrial-equipment and environment-related system products. It also actively secured raw materials and strengthened its global production and supply systems to address the resurgence of COVID-19 infections. As supply-chain conditions improved, sales increased, led by the wire-harness division, and the weaker yen provided an additional foreign-exchange tailwind, allowing revenue to exceed both the previous year and the initial plan. On the earnings side, in addition to higher revenue, the Group pursued aggressive cost-reduction activities and control of selling, general and administrative expenses, and revised product prices to address higher material costs caused by soaring copper prices and higher logistics costs.」
The Group pursued new customer acquisition, stronger production and supply systems, supply-chain improvements, cost reductions, control of selling, general and administrative expenses and product-price revisions. Revenue was ¥43,638 million, operating profit was ¥2,528 million, ordinary profit was ¥2,912 million and net income attributable to owners of the parent was ¥2,133 million, with the main indicators exceeding both the previous year and the initial plan. - FY2022-Q3AdvancedAnnual report
「Against this backdrop, the Group pursued new customer acquisition for automotive, industrial-equipment and environment-related system products, secured raw materials and actively strengthened its production and supply systems. As a result, sales increased, led by the wire-harness division, and the weaker yen provided an additional foreign-exchange tailwind, allowing revenue to exceed the previous year. On the earnings side, in addition to higher revenue, the Group pursued aggressive cost-reduction activities and control of selling, general and administrative expenses, and revised product prices to address higher material costs caused by soaring copper prices and higher logistics costs. Despite infection-related losses arising from the China lockdown and other extraordinary losses, including losses on the liquidation of affiliates, operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeded the previous year. As a result, revenue for the nine months ended 30 September was ¥31,686 million, up 14.8% year on year; operating profit was ¥1,538 million, up 67.3%; ordinary profit was ¥1,813 million, up 66.0%; and quarterly net income attributable to owners of the parent was ¥1,178 million, up 40.4%.」
New customer acquisition, stronger production and supply systems, cost reductions, control of selling, general and administrative expenses and product-price revisions resulted in revenue growth of 14.8% year on year, operating profit growth of 67.3%, ordinary profit growth of 66.0% and growth of 40.4% in quarterly net income attributable to owners of the parent. Extraordinary losses were incurred, but the main performance indicators continued to improve. - 2022-11-04AdvancedEarnings
「For the nine months ended 30 September, sales were ¥31,686 million, up 14.8% year on year, operating profit was ¥1,538 million, up 67.3%, ordinary profit was ¥1,813 million, up 66.0%, and profit attributable to owners of the parent was ¥1,178 million, up 40.4%.」
Sales and all three profit measures exceeded the prior-year period, demonstrating continued improvement in consolidated results. - FY2022-Q2AdvancedAnnual report
「Results for the six months ended 30 September were affected by production cuts and production adjustments in the automotive industry in Japan and overseas and by lockdowns in China. However, the Group pursued new customer acquisition for automotive, industrial-equipment and environment-related system products, while actively securing raw materials and strengthening its global production and supply systems. As a result, sales increased, led by the wire-harness division, and the weaker yen provided an additional foreign-exchange tailwind, allowing revenue to exceed the previous year.」
New customer acquisition and strengthened production and supply systems resulted in revenue of ¥20,088 million, up 8.5% year on year; operating profit of ¥871 million, up 7.6%; and ordinary profit of ¥1,024 million, up 7.2%. However, quarterly net income attributable to owners of the parent was ¥757 million, down 4.6%, due to infection-related losses associated with the China lockdown, so the disclosure does not indicate uniform improvement across all objectives. - FY2022-Q1WorsenedAnnual report
「Results for the three months ended 30 June were affected by production cuts and production adjustments in the automotive industry in Japan and overseas. However, demand for growth areas such as industrial-equipment products remained firm, and the Group actively pursued product development and new customer acquisition in these areas. As a result, sales increased, led by the wire-harness division, and the weaker yen provided an additional foreign-exchange tailwind, allowing revenue to exceed the previous year. On the earnings side, despite aggressive cost-reduction activities, control of selling, general and administrative expenses and efforts to pass higher material costs caused by soaring copper prices through to product prices, operating profit, ordinary profit and quarterly net income attributable to owners of the parent fell below the previous year because of production cuts and production adjustments in the automotive industry, persistently high global logistics costs and lower factory utilization in Southeast Asia following a resurgence of COVID-19 infections. As a result, revenue was ¥9,647 million, up 4.1% year on year; operating profit was ¥352 million, down 29.6%; ordinary profit was ¥420 million, down 33.9%; and quarterly net income attributable to owners of the parent was ¥297 million, down 43.3%.」
Demand and revenue in growth areas increased, but production cuts and adjustments in the automotive industry, persistently high logistics costs and lower factory utilization in Southeast Asia caused operating profit, ordinary profit and quarterly net income attributable to owners of the parent to fall below the prior-year period. The deterioration in earnings against the objectives of strengthening the corporate foundation, expanding consolidated results and enhancing corporate value is quantified. - 2022-05-10WorsenedEarnings
「Despite proactive cost reductions, control of selling, general and administrative expenses and efforts to pass higher material costs caused by soaring copper prices through to product prices, operating profit, ordinary profit and profit attributable to owners of the parent fell below the prior-year period due to automakers' production cuts and production adjustments, persistently high global logistics costs and lower factory utilization in Southeast Asia caused by the resurgence of COVID-19.」
Although sales in growth fields exceeded the prior-year period, operating profit, ordinary profit and profit attributable to owners of the parent fell below the prior-year period. - FY2021AdvancedAnnual report
「On the earnings side, the Group pursued an improved product mix, aggressive cost-reduction activities and control of selling, general and administrative expenses. Despite the impact of copper prices and logistics costs, the effects on production and sales of operating restrictions at factories in Southeast Asia following a resurgence of COVID-19 infections, and production cuts by automakers caused by semiconductor shortages, operating profit, ordinary profit and net income attributable to owners of the parent exceeded both the previous year and the initial plan. As a result, revenue for the fiscal year was ¥36,952 million, up 17.7% year on year; operating profit was ¥1,104 million, up 45.1%; ordinary profit was ¥1,287 million, up 31.0%; and net income attributable to owners of the parent was ¥1,017 million, up 94.1%.」
The Group pursued product development and new customer acquisition, cost reductions and control of selling, general and administrative expenses, and revenue, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded both the previous year and the initial plan. Annual results concretely demonstrate progress toward strengthening the corporate foundation, expanding consolidated results and enhancing corporate value. - FY2021-Q3AdvancedAnnual report
「As a result of pursuing product development and new customer acquisition in areas such as automotive and industrial-equipment products, sales in the wire-harness and harness-processing machinery and parts divisions increased, and revenue exceeded the previous year. On the earnings side, the Group pursued an improved product mix, aggressive cost-reduction activities and control of selling, general and administrative expenses. Despite the impact of copper prices and logistics costs and the effects on production and sales of operating restrictions at factories in Southeast Asia following a resurgence of COVID-19 infections, operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeded the previous year. As a result, revenue for the nine months ended 31 December was ¥27,592 million, up 20.8% year on year; operating profit was ¥919 million, up 145.6%; ordinary profit was ¥1,092 million, up 106.8%; and quarterly net income attributable to owners of the parent was ¥839 million, up 272.0%.」
Product development and new customer acquisition in growth areas, an improved product mix, cost reductions and control of selling, general and administrative expenses resulted in revenue growth of 20.8% year on year, operating profit growth of 145.6%, ordinary profit growth of 106.8% and growth of 272.0% in quarterly net income attributable to owners of the parent. Improvement in the main performance indicators accelerated further from the previous quarter. - 2021-11-05AdvancedEarnings
「As a result, consolidated sales for the nine months ended 30 September were ¥27,592 million, up 20.8% year on year, operating profit was ¥919 million, up 145.6%, ordinary profit was ¥1,092 million, up 106.8%, and profit attributable to owners of the parent was ¥839 million, up 272.0%.」
Consolidated sales, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the prior-year period, demonstrating further improvement in cumulative results. - FY2021-Q2AdvancedAnnual report
「Results for the six months ended 30 September benefited from recovering demand in growth areas such as automotive and industrial-equipment products. As a result of actively pursuing product development and new customer acquisition in these areas, sales in the wire-harness and harness-processing machinery and parts divisions increased, and revenue exceeded the previous year. Higher revenue, an improved product mix, aggressive cost-reduction activities and control of selling, general and administrative expenses lifted operating profit above the previous year despite the impact of copper prices and logistics costs. Increases in foreign-exchange gains and gains on liquidation of affiliates also lifted ordinary profit and quarterly net income attributable to owners of the parent above the previous year. As a result, revenue was ¥18,509 million, up 21.0% year on year; operating profit was ¥809 million, up 260.2%; ordinary profit was ¥955 million, up 215.4%; and quarterly net income attributable to owners of the parent was ¥793 million, compared with ¥61 million in the same period a year earlier.」
Against a backdrop of recovering demand in growth areas, product development and new customer acquisition, an improved product mix, cost reductions and control of selling, general and administrative expenses, revenue increased 21.0% year on year, operating profit increased 260.2%, ordinary profit increased 215.4% and quarterly net income attributable to owners of the parent reached ¥793 million. Consolidated performance improved further from the previous quarter. - FY2021-Q1AdvancedAnnual report
「Results for the three months ended 30 June benefited from recovering demand in growth areas such as automotive and industrial-equipment products. As a result of actively pursuing product development and new customer acquisition in these areas, sales in the wire-harness and harness-processing machinery and parts divisions increased, and revenue exceeded the previous year. Higher revenue, an improved product mix, aggressive cost reductions and disciplined selling, general and administrative expenses also lifted operating profit above the previous year. As a result, revenue was ¥9,265 million, up 10.0% year on year; operating profit was ¥500 million, up 275.5%; ordinary profit was ¥636 million, up 403.7%; and quarterly net income attributable to owners of the parent was ¥523 million, up 847.2%.」
Recovering demand in growth areas, product development and new customer acquisition, an improved product mix, cost reductions and control of selling, general and administrative expenses lifted revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent above the prior-year period. The figures show substantial improvement in the main performance indicators. - FY2020-Q3WorsenedAnnual report
「The Group promoted measures including new system development and sales promotion in the new-energy field, but revenue fell below the previous year. On the earnings side, it sought to offset the impact of lower sales through aggressive cost reductions and cuts in selling, general and administrative expenses, but operating profit fell below the previous year.」
Although the Group pursued new system development, sales promotion, cost reductions and lower selling, general and administrative expenses, revenue declined 14.9% year on year, operating profit declined 42.9%, ordinary profit declined 19.3% and quarterly net income attributable to owners of the parent declined 37.9%. The deterioration in consolidated results continued to be reflected in the figures. - FY2020-Q2WorsenedAnnual report
「The Group promoted measures including new system development and sales promotion in the new-energy field, but revenue fell below the previous year. On the earnings side, it sought to offset the impact of lower sales through aggressive cost reductions and cuts in selling, general and administrative expenses, but operating profit fell below the previous year. As a result, revenue for the six months ended 30 September was ¥15,295 million, down 13.7% year on year; operating profit was ¥224 million, down 23.8%; ordinary profit was ¥302 million, up 47.2%; and quarterly net income attributable to owners of the parent was ¥61 million, up 33.7%.」
Although the Group pursued new system development, sales promotion, cost reductions and lower selling, general and administrative expenses, revenue declined 13.7% year on year and operating profit declined 23.8%. Higher income from subsidies and other sources and lower prior-period customs expenses increased ordinary profit and quarterly net income attributable to owners of the parent, but the overall objectives, including revenue and operating profit, deteriorated. - FY2020-Q1WorsenedAnnual report
「The Group promoted measures including new customer acquisition in its established automotive and industrial-equipment product businesses and the new-energy field in an effort to recover, but revenue fell below the previous fiscal year. On the earnings side, it sought to offset the impact of lower sales through aggressive cost reductions and cuts in selling, general and administrative expenses, but operating profit fell below the previous year. As a result, revenue for the three months ended 30 June was ¥8,421 million, down 4.0% year on year; operating profit was ¥133 million, down 35.9%; ordinary profit was ¥126 million, down 41.8%; and quarterly net income attributable to owners of the parent was ¥55 million, down 53.1%.」
Although the Group pursued new customer acquisition, cost reductions and lower selling, general and administrative expenses, revenue declined 4.0% year on year, operating profit declined 35.9%, ordinary profit declined 41.8% and quarterly net income attributable to owners of the parent declined 53.1%. Major performance indicators were below the prior-year period, indicating continued deterioration against the objectives of strengthening the corporate foundation, expanding consolidated results and enhancing corporate value. - FY2019WorsenedAnnual report
「As a result of measures including new customer acquisition in automotive and industrial-equipment products, sales in the wire-harness division increased. However, the Group could not offset lower sales in the harness-processing machinery and parts division, solar-power-related products and wire products, and revenue fell below plan, remaining roughly flat year on year. On the earnings side, despite lower sales of solar-power-related products, an unfavorable wire-harness product mix in North America, inventory adjustments and higher production costs resulting from wage increases in emerging economies, the Group pursued aggressive cost reductions and cuts in selling, general and administrative expenses, keeping operating profit roughly at the previous year’s level. Ordinary profit and net income attributable to owners of the parent exceeded the previous year because the business-structure improvement loss recorded in the previous fiscal year was no longer incurred, but both fell below plan.」
Wire-harness sales in growth areas increased, but consolidated revenue, ordinary profit and net income attributable to owners of the parent all fell below the earnings forecast. Operating profit was ¥855 million, down 1.2% year on year, indicating deterioration against the objectives of strengthening the corporate foundation, expanding consolidated results and enhancing corporate value. - FY2019-Q3AdvancedAnnual report
「Revenue was ¥26,855 million, down 1.2% year on year, while operating profit was ¥655 million, up 16.6%. Ordinary profit was ¥654 million, up 8.8%, and quarterly net income attributable to owners of the parent was ¥363 million, up 18.3%.」
While product development and new customer acquisition in growth areas and cost reductions continued, revenue declined 1.2% year on year. Operating profit increased 16.6%, ordinary profit increased 8.8% and quarterly net income attributable to owners of the parent increased 18.3%, demonstrating concrete improvement in earnings. - FY2019-Q2AdvancedAnnual report
「On the earnings side, the Group faced lower sales of solar-power-related products and higher production costs resulting from wage increases in emerging economies, but higher sales in the wire-harness division and aggressive cost reductions enabled it to increase operating profit. Meanwhile, foreign-exchange losses due to the stronger yen and non-operating expenses including prior-period customs duties were incurred. As a result, revenue for the six months ended 30 September was ¥17,726 million, up 0.1% year on year; operating profit was ¥294 million, up 18.8%; ordinary profit was ¥205 million, down 15.9%; and quarterly net income attributable to owners of the parent was ¥46 million, down 39.7%.」
Higher sales in the wire-harness division and cost reductions lifted operating profit to ¥294 million, up 18.8% year on year. However, foreign-exchange losses caused by the stronger yen and prior-period customs expenses reduced ordinary profit by 15.9% and quarterly net income attributable to owners of the parent by 39.7%, so the disclosure does not indicate uniform improvement across all objectives. - FY2019-Q1AdvancedAnnual report
「Against this backdrop, despite lower sales of solar-power-related products and certain wire-harness products, the Group actively pursued product development and new customer acquisition in growth areas such as automotive and industrial-equipment products. As a result, sales in the wire-harness and harness-processing machinery and parts divisions remained firm, and revenue increased from the first quarter of the previous fiscal year.」
As a result of product development and new customer acquisition in growth areas, cost reductions and lower selling, general and administrative expenses, revenue increased 2.7% year on year to ¥8,773 million and operating profit increased 381.5% to ¥208 million. Ordinary profit turned from a ¥22 million loss to a ¥217 million profit, while quarterly net income attributable to owners of the parent turned from a ¥113 million loss to income of ¥117 million, demonstrating concrete performance improvement. - FY2018AdvancedAnnual report
「On the earnings side, the Group faced lower sales of solar-power-related products, an unfavorable product mix caused by inventory adjustments and higher production costs resulting from wage increases in emerging economies. However, higher sales in the harness-processing machinery and parts, wire-harness and wire divisions, together with cost reductions including aggressive cost reductions and lower selling, general and administrative expenses, enabled the Group to increase operating profit, ordinary profit and net income attributable to owners of the parent from the previous fiscal year, although it did not achieve plan.」
For the fiscal year, operating profit was ¥865 million, up 80.2% year on year; ordinary profit was ¥861 million, up 26.7%; and net income attributable to owners of the parent was ¥449 million, up 13.5%, representing concrete profit improvement from the previous fiscal year. However, revenue, operating profit, ordinary profit and net income all fell below the earnings forecast, so the overall objectives were not achieved. - FY2018-Q3AdvancedAnnual report
「On the earnings side, the Group faced lower sales of solar-power-related products, an unfavorable product mix caused by inventory adjustments and higher production costs resulting from production-site reorganization expenses and wage increases in emerging economies. However, higher revenue in the wire-harness and wire divisions, aggressive cost reductions and cuts in selling, general and administrative expenses led to a sharp increase in operating profit. Ordinary profit and quarterly net income attributable to owners of the parent also increased as a result of higher operating profit and stable foreign-exchange rates. As a result, revenue for the nine months ended 31 December was ¥27,192 million, down 0.1% year on year; operating profit was ¥562 million, up 49.8%; ordinary profit was ¥601 million, up 47.1%; and quarterly net income attributable to owners of the parent was ¥307 million, up 46.8%.」
Despite continued headwinds from lower sales of solar-power-related products and higher production costs, higher sales in the wire-harness and wire divisions, cost reductions and lower selling, general and administrative expenses resulted in operating profit of ¥562 million, up 49.8% year on year. Ordinary profit was ¥601 million and quarterly net income attributable to owners of the parent was ¥307 million, demonstrating concrete performance improvement toward the objectives of strengthening the corporate foundation, expanding consolidated results and enhancing corporate value. - FY2018-Q2AdvancedAnnual report
「As a result, revenue for the six months ended 30 September was ¥17,710 million, down 1.8% year on year, and operating profit was ¥248 million, down 3.4%. Ordinary profit was ¥244 million, down 1.3%, while quarterly net income attributable to owners of the parent was ¥76 million, up 58.2%.」
Revenue, operating profit and ordinary profit were below the prior-year period, while operating profit recovered from the first-quarter loss and quarterly net income attributable to owners of the parent increased 58.2% year on year. Revenue for the six-month period exceeded the earnings forecast, but net income fell short, indicating partial performance recovery rather than achievement of the overall objectives. - FY2018-Q1WorsenedAnnual report
「As a result, revenue for the three months ended 30 June was ¥8,545 million, down 3.8% year on year, and operating profit was ¥43 million, down 51.5%. Ordinary loss was ¥22 million, compared with ordinary profit of ¥75 million in the same period a year earlier, and quarterly net loss attributable to owners of the parent was ¥113 million, compared with quarterly net income attributable to owners of the parent of ¥5 million a year earlier.」
Although measures including product development and new customer acquisition continued, revenue declined 3.8% year on year and operating profit declined 51.5%. The Group recorded an ordinary loss and a quarterly net loss attributable to owners of the parent, further quantifying deterioration against the objectives of strengthening the corporate foundation, expanding consolidated results and enhancing corporate value. - FY2017WorsenedAnnual report
「The Group advanced initiatives including product development and new customer acquisition in areas such as automotive and industrial equipment products. Although revenue exceeded plan despite delays in the timing of the transition to new products at the start of the fiscal year, operating income, ordinary income and net income attributable to owners of the parent fell short of plan due to lower sales of photovoltaic power-generation-related products, an unfavorable product mix caused by delays in the transition to new products and inventory adjustments in the second half, and higher production costs resulting from orders exceeding production capacity for automotive and industrial equipment products and the reorganization and transfer of production sites.」
As a result of advancing product development and new customer acquisition, revenue exceeded plan, while operating income, ordinary income and net income attributable to owners of the parent fell short of plan. Operating income was ¥480 million, down 60.4% from the previous fiscal year, and the operating margin was 1.3%, quantifying deterioration in performance against the objectives of strengthening the operating base, expanding consolidated performance and enhancing corporate value. - FY2017-Q3WorsenedAnnual report
「Although the Group continued initiatives including product development and new customer acquisition in areas such as automotive and industrial equipment products, operating income, ordinary income and quarterly net income continued to fall short of plan due to lower revenue from photovoltaic power-generation-related products and an unfavorable product mix. As a result, revenue for the nine-month period ended in the third quarter was ¥27,211 million, down 2.2% year on year, operating income was ¥375 million, down 60.0%, ordinary income was ¥408 million, down 48.9%, and net income attributable to owners of the parent was ¥209 million, compared with a ¥17 million quarterly net loss attributable to owners of the parent in the same period of the previous year.」
Although the Group continued its product development and new customer acquisition initiatives, profit remained below plan. Operating income fell 60.0% year on year and ordinary income fell 48.9%, quantifying a sharper deterioration in profitability than in the previous quarter. - FY2017-Q2WorsenedAnnual report
「Against this backdrop, revenue exceeded plan as a result of initiatives including product development and new customer acquisition in areas such as automotive and industrial equipment products. On the profit front, however, operating income, ordinary income and quarterly net income fell short of plan due to lower revenue from photovoltaic power-generation-related products and an unfavorable product mix. As a result, revenue for the six-month period ended in the second quarter was ¥18,037 million, down 4.8% year on year, operating income was ¥257 million, down 55.0%, ordinary income was ¥247 million, down 45.6%, and net income attributable to owners of the parent was ¥48 million, up 28.9%.」
Revenue exceeded plan as a result of product development and new customer acquisition initiatives, while operating income, ordinary income and quarterly net income fell short of plan due to lower sales of photovoltaic power-generation-related products and an unfavorable product mix. Revenue, operating income and ordinary income also declined year on year, so the disclosure continues to indicate deterioration against the overall performance objectives. - FY2017-Q1WorsenedAnnual report
「Against this backdrop, based on its Growth Strategy, Production Strategy and Strengthening of the Management Foundation, the Group promoted product development and new customer acquisition in fields such as energy, automotive and industrial equipment products, pursued cost reductions thoroughly and advanced other initiatives, strengthened its business foundation, expanded consolidated results and worked to enhance corporate value. As a result, revenue for the three months ended in the first quarter of the current fiscal year was ¥8,879 million, down 8.0% year on year, operating income was ¥89 million, down 67.9%, ordinary income was ¥75 million, down 65.2%, and net income attributable to owners of the parent was ¥5 million, compared with a ¥33 million net loss attributable to owners of the parent in the same period of the previous year.」
The objectives of strengthening the business foundation, expanding consolidated results and enhancing corporate value, together with the related initiatives, continued. However, revenue fell 8.0% year on year, operating income fell 67.9% and ordinary income fell 65.2%, marking a shift from improvement to deterioration in operating performance. No withdrawal or downward revision of the objectives was disclosed. - FY2016-Q3AdvancedAnnual report
「Against this backdrop, the Group pursued initiatives including accelerating product development and new customer development in fields such as new energy and automotive applications, implementing thorough cost reductions, and addressing foreign-exchange risk. Through these efforts, it sought to strengthen its corporate structure, expand consolidated results and enhance corporate value. As a result, revenue for the nine-month period ended in the current third quarter was ¥27,830 million, down 9.8% year on year, while operating income was ¥938 million, up 192.6% year on year.」
Although revenue declined as the group continued its existing initiatives, operating profit increased 192.6% year on year. However, the quarterly net loss attributable to owners of the parent was ¥17 million due to the recognition of a business structure improvement loss, so the disclosure does not indicate that the overall objectives were achieved. - FY2016-Q2First statedAnnual report
「Against this backdrop, the Group promoted product development and new customer acquisition in fields such as new energy and automotive applications, pursued cost reductions thoroughly, and implemented foreign-exchange measures. Through these initiatives, it worked to strengthen its business foundation, expand consolidated performance and enhance corporate value.」
The Group identified strengthening its business foundation, expanding consolidated performance and enhancing corporate value as integrated objectives, to be achieved through product development and new customer acquisition in the new-energy and automotive fields, cost reductions and foreign-exchange measures.