Transformation into a High-Profit Business Structure
First written in FY2016. 21 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2018: 6 of 57 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「For the fiscal year, revenue was ¥20,084 million, up 0.9% from the previous fiscal year; operating profit was ¥1,813 million, up 31.3%; ordinary profit was ¥2,081 million, up 32.4%; and net profit was ¥1,505 million, up 29.7%.」
The company has set an operating margin of at least 10% as a management target. Based on ordinary profit of ¥2,081 million and revenue of ¥20,084 million for the fiscal year, the margin was approximately 10.4%, reaching the target level. - FY2026-H1AdvancedAnnual report
「As a result, for the interim accounting period, revenue was ¥6,977 million, up 6.6% year on year; operating profit was ¥339 million, up 226.8%; ordinary profit was ¥462 million, up 131.4%; and interim net profit was ¥311 million, up 149.8%.」
Revenue, operating profit, ordinary profit and interim net profit for the interim period all exceeded the same period of the previous year. Results improved from the decline in the previous interim period, indicating concrete progress in transforming the business into a highly profitable one. - FY2025-H1Decline in interim results and failure to meet profitability targetAnnual report
「As a result, for the interim accounting period, revenue was ¥6,544 million, down 14.8% year on year; operating profit was ¥103 million, down 78.7%; ordinary profit was ¥200 million, down 65.8%; and interim net profit was ¥124 million, down 68.6%.」
Revenue, operating profit, ordinary profit and interim net profit for the interim accounting period were all below the same period of the previous year. There is no disclosure indicating a transformation into a highly profitable business or achievement of an operating margin of at least 10%. - FY2024Full-year profit decline and failure to meet profitability targetAnnual report
「As its target management indicator, the company has set the securing of an ordinary profit margin of at least 10% as a management objective from the perspectives of profitability and management efficiency.」
The target of an operating margin of at least 10% remains in place. In the fiscal year, revenue declined 7.4% from the previous fiscal year and ordinary profit declined 21.9%, resulting in an operating margin of approximately 6.6%, below the target level. The company continues to pursue higher profitability by increasing the proportion of high-value-added models, strengthening its research and development division, and developing products in new fields. - FY2024-Q3Decline in cumulative nine-month resultsAnnual report
「As a result, for the cumulative nine-month period, revenue was ¥18,345 million, down 6.4% year on year; operating profit was ¥1,958 million, down 17.0%; ordinary profit was ¥2,119 million, down 15.9%; and net profit for the quarter was ¥1,499 million, down 17.8%.」
For the cumulative nine-month period, revenue, operating profit, ordinary profit and net profit for the quarter were all below the same period of the previous year. This does not indicate a transformation into a highly profitable business or completion of the target of achieving an operating margin of at least 10%. - FY2024-Q1AdvancedAnnual report
「As a result, for the cumulative first quarter, revenue was ¥1,301 million, up 12.0% year on year; operating loss was ¥514 million, a decrease of ¥37 million; ordinary loss was ¥447 million, a decrease of ¥36 million; and net loss for the quarter was ¥316 million, a decrease of ¥25 million.」
Revenue increased 12.0% year on year, while operating loss, ordinary loss and net loss for the quarter all narrowed from the same period of the previous year. However, the company remained loss-making, and this does not indicate a transformation into a highly profitable business or completion of the target of achieving an operating margin of at least 10%. - FY2023AdvancedAnnual report
「For the fiscal year, net sales were ¥21,212 million, up 0.6% from the previous fiscal year; operating profit was ¥1,447 million, up 6.2%; ordinary profit was ¥1,657 million, up 7.3%; and net profit was ¥1,210 million, up 12.7%.」
The target of an operating margin of at least 10% remains in place. Ordinary profit increased 7.3% from the previous fiscal year, and the operating margin improved to approximately 7.8%, but remained below 10%. - FY2023-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter, net sales were ¥19,603 million, up 4.9% year on year; operating profit was ¥2,358 million, up 14.0%; ordinary profit was ¥2,521 million, up 13.7%; and net profit for the quarter was ¥1,824 million, up 16.8%.」
For the cumulative third quarter, net sales, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year. As this did not indicate completion of the transformation into a highly profitable structure or achievement of the full-year ordinary profit margin target of at least 10%, it was treated as concrete progress in performance. - FY2023-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter, net sales were ¥7,355 million, up 16.4% year on year; operating profit was ¥356 million, up 204.4%; ordinary profit was ¥455 million, up 119.2%; and net profit for the quarter was ¥323 million, up 143.3%.」
For the cumulative second quarter, net sales, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year. As this did not indicate completion of the full-year target of an ordinary profit margin of at least 10%, it was treated as concrete progress in performance. - FY2023-Q1AdvancedAnnual report
「As a result, for the cumulative first quarter, net sales were ¥1,161 million, up 2.8% year on year; the operating loss was ¥552 million, a reduction of ¥15 million; the ordinary loss was ¥484 million, a reduction of ¥24 million; and the net loss for the quarter was ¥342 million, a reduction of ¥19 million.」
Net sales increased 2.8% year on year, while the operating loss, ordinary loss and net loss for the quarter all narrowed from the same period of the previous year. The company remained loss-making, so this was not treated as completion of the transformation into a highly profitable structure or achievement of an ordinary profit margin of at least 10%. - FY2022Full-year decline in profit and net salesAnnual report
「At the same time, advance the transformation into a highly profitable structure」
While continuing to address the transformation into a highly profitable structure, full-year net sales declined 7.9% from the previous fiscal year, operating profit declined 32.2%, ordinary profit declined 24.6%, and net profit declined 26.8%. - FY2022-Q3Decline in profit and net salesAnnual report
「As a result, for the cumulative third quarter, net sales were ¥18,686 million, down 7.9% year on year; operating profit was ¥2,068 million, down 8.4%; ordinary profit was ¥2,217 million, down 3.1%; and net profit for the quarter was ¥1,561 million, down 5.1%.」
For the cumulative third quarter, net sales, operating profit, ordinary profit and net profit for the quarter all fell below the same period of the previous year. The disclosure does not indicate transformation into a highly profitable structure or achievement of an ordinary profit margin of at least 10%. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter, net sales were ¥6,319 million, up 0.3% year on year; operating profit was ¥117 million, compared with an operating loss of ¥67 million in the same quarter of the previous year; ordinary profit was ¥208 million, an increase of ¥204 million; and net profit for the quarter was ¥133 million, compared with a net loss for the quarter of ¥13 million in the same quarter of the previous year.」
The company shifted from an operating loss and net loss for the quarter in the same period of the previous year to operating profit and net profit for the quarter, while ordinary profit also increased. As this was not treated as completion of the transformation into a highly profitable structure or achievement of the full-year ordinary profit margin target of at least 10%, it was recorded as concrete progress in performance. - FY2022-Q1Increase in first-quarter lossesAnnual report
「As a result, for the cumulative first quarter, net sales were ¥1,130 million, down 7.2% year on year; the operating loss was ¥568 million, an increase of ¥9 million; the ordinary loss was ¥509 million, an increase of ¥1 million; and the net loss for the quarter was ¥362 million, an increase of ¥1 million.」
Net sales declined 7.2% year on year, while the operating loss, ordinary loss and net loss for the quarter all widened from the same period of the previous year. Regarding the transformation into a highly profitable structure, the quarter showed a setback in profit performance. - FY2021AdvancedAnnual report
「As its target management indicator, the company has set the securing of an ordinary profit margin of at least 10% as a management objective from the perspectives of profitability and management efficiency.」
The company continues to target an ordinary profit margin of at least 10%. Ordinary profit for the fiscal year was ¥2,047 million, and the ordinary profit margin improved substantially to approximately 8.9% from approximately 1.2% in the previous fiscal year, but it remained below the target level. - FY2021-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter, net sales were ¥20,283 million, up 10.7% year on year; operating profit was ¥2,257 million, up 57.8%; ordinary profit was ¥2,288 million, up 54.9%; and net profit for the quarter was ¥1,646 million, up 58.2%.」
For the cumulative third quarter, net sales, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year. The ordinary profit margin was calculated at approximately 11.3%, exceeding the target of at least 10% for the cumulative period, but this was not treated as completion of the full-year target. - FY2021-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter, net sales were ¥6,297 million, up 10.8% year on year; the operating loss was ¥67 million, a reduction of ¥278 million; ordinary profit was ¥3 million, an increase of ¥267 million; and the net loss for the quarter was ¥13 million, a reduction of ¥186 million.」
Net sales increased 10.8% year on year, while the operating loss and net loss for the quarter narrowed. Ordinary profit also turned from a loss in the same period of the previous year to a profit of ¥3 million. As this was not treated as achievement of the target ordinary profit margin of at least 10%, it was recorded as concrete progress in performance. - FY2021-Q1AdvancedAnnual report
「As a result, for the cumulative first quarter, net sales were ¥1,217 million, up 116.0% year on year; the operating loss was ¥558 million, a reduction of ¥228 million; the ordinary loss was ¥507 million, a reduction of ¥218 million; and the net loss for the quarter was ¥360 million, a reduction of ¥149 million.」
For the cumulative first quarter, net sales increased 116.0% year on year, while the operating loss, ordinary loss and net loss for the quarter all narrowed from the same period of the previous year. The company remained loss-making, so this was not treated as achievement of the transformation into a highly profitable structure. - FY2020Decrease in ordinary profitAnnual report
「As its target management indicator, the company has set the securing of an ordinary profit margin of at least 10% as a management objective from the perspectives of profitability and management efficiency.」
The company continues to target an ordinary profit margin of at least 10%, while ordinary profit was ¥222 million, down 64.1% from the previous fiscal year. - FY2020-Q3Decline in operating profit and ordinary profitAnnual report
「As a result, for the cumulative third quarter, net sales were ¥18,314 million, up 1.2% year on year; operating profit was ¥1,430 million, down 25.0%; ordinary profit was ¥1,477 million, down 25.0%; and net profit for the quarter was ¥1,040 million, down 22.7%.」
While net sales increased 1.2% year on year, operating profit and ordinary profit declined 25.0%, and net profit for the quarter declined 22.7%. Regarding the transformation into a highly profitable structure, the disclosure indicates a setback in profit performance from the same period of the previous year. - FY2020-Q2Expansion of operating and ordinary lossesAnnual report
「As a result, for the cumulative second quarter, net sales were ¥5,686 million, down 1.5% year on year; the operating loss was ¥346 million, an increase of ¥160 million; the ordinary loss was ¥264 million, an increase of ¥168 million; and the net loss for the quarter was ¥200 million, an increase of ¥66 million.」
Net sales declined 1.5% year on year, while the operating loss, ordinary loss and net loss for the quarter all widened from the same period of the previous year. Regarding the transformation into a highly profitable structure, the quarter showed an increase in losses. - FY2020-Q1AdvancedAnnual report
「As a result, for the cumulative first quarter, net sales were ¥563 million, down 24.9% year on year; the operating loss was ¥787 million, a reduction of ¥41 million; the ordinary loss was ¥726 million, a reduction of ¥45 million; and the net loss for the quarter was ¥510 million, a reduction of ¥37 million.」
While net sales declined 24.9% year on year, the operating loss, ordinary loss and net loss for the quarter all narrowed from the same period of the previous year. The company remained loss-making, so this was not treated as achievement of the transformation into a highly profitable structure. - FY2019Decline in the ordinary profit marginAnnual report
「The company has set the securing of an ordinary profit margin of at least 10% as a management objective from the perspectives of profitability and management efficiency. The ordinary profit margin for the fiscal year was 3.3%. The company will work to secure an ordinary profit margin of at least 10% by strengthening its development division, developing products other than heating equipment, and transforming the business into a highly profitable structure.」
Against the target ordinary profit margin of at least 10%, the result for the fiscal year was 3.3%, down from 4.7% in the previous fiscal year. The policy of pursuing the target by strengthening the development division and developing products other than heating equipment remains unchanged. - FY2019-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter, net sales were ¥18,101 million, down 0.3% year on year; operating profit was ¥1,906 million, up 2.8%; ordinary profit was ¥1,971 million, up 3.6%; and net profit for the quarter was ¥1,345 million, down 2.5%.」
For the cumulative third quarter, net sales and net profit for the quarter were below the same period of the previous year, while operating profit and ordinary profit exceeded it. The increase in operating profit and ordinary profit was recorded as concrete progress in performance. - FY2019-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter, net sales were ¥5,773 million, up 19.2% year on year; the operating loss was ¥185 million, a reduction of ¥88 million; the ordinary loss was ¥95 million, a reduction of ¥95 million; and the net loss for the quarter was ¥134 million, a reduction of ¥14 million.」
Net sales increased 19.2% year on year, while the operating loss, ordinary loss and net loss for the quarter all narrowed from the same period of the previous year. The company remained loss-making, so this was not treated as completion of the transformation into a highly profitable structure. - FY2019-Q1Expansion of operating and ordinary lossesAnnual report
「In the first quarter, exports of oil heating equipment remained strong, resulting in net sales exceeding the results for the same period of the previous year by ¥307 million and gross profit exceeding them by ¥50 million. However, depreciation expenses increased by ¥84 million because the useful life of the distribution center in Izumi, Minami-ku, Niigata City was shortened following its renovation, and selling, general and administrative expenses increased by ¥123 million. As a result, for the cumulative first quarter, net sales were ¥750 million, up 69.4% year on year; the operating loss was ¥829 million, an increase of ¥73 million; the ordinary loss was ¥771 million, an increase of ¥68 million; and the net loss for the quarter was ¥548 million, an increase of ¥57 million.」
While net sales increased 69.4% year on year and gross profit also increased, the operating loss, ordinary loss and net loss for the quarter all widened from the same period of the previous year because of higher depreciation expenses associated with the renovation of the distribution center and increases in selling, general and administrative expenses. Regarding the transformation into a highly profitable structure, the quarter showed an increase in losses. - FY2018AdvancedAnnual report
「The company has set the securing of an ordinary profit margin of at least 10% as a management objective from the perspectives of profitability and management efficiency. The ordinary profit margin for the fiscal year was 4.7%. The company will work to secure an ordinary profit margin of at least 10% by strengthening its development division, developing products other than heating equipment, and transforming the business into a highly profitable structure.」
The company explicitly states that the ordinary profit margin for the fiscal year was 4.7%, showing the gap versus the target of at least 10%, and describes its policy of pursuing the target by strengthening the development division and developing products other than heating equipment. - FY2018-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter, net sales were ¥18,158 million, up 5.4% year on year; operating profit was ¥1,855 million, up 12.1%; ordinary profit was ¥1,902 million, up 9.9%; and net profit for the quarter was ¥1,380 million, up 23.1%.」
Net sales, operating profit, ordinary profit and net profit for the quarter all increased year on year, and the company shifted from operating and ordinary losses in the previous quarter to recording profits. This was treated as concrete progress in performance, rather than completion of the transformation into a highly profitable structure. - FY2018-Q2Expansion of operating and ordinary lossesAnnual report
「As a result, for the cumulative second quarter, net sales were ¥4,843 million, up 2.6% year on year; the operating loss was ¥273 million, an increase of ¥43 million; the ordinary loss was ¥191 million, an increase of ¥72 million; and the net loss for the quarter was ¥148 million, a reduction of ¥19 million.」
While net sales increased 2.6% year on year, the operating loss and ordinary loss increased from the same period of the previous year. Regarding the transformation into a highly profitable structure, the performance showed an increase in losses. - FY2018-Q1AdvancedAnnual report
「As a result, for the cumulative first quarter, net sales were ¥443 million, up 674.3% year on year; the operating loss was ¥755 million, a reduction of ¥29 million; the ordinary loss was ¥702 million, a reduction of ¥37 million; and the net loss for the quarter was ¥490 million, a reduction of ¥100 million.」
For the cumulative first quarter, net sales increased 674.3% year on year, while the operating loss, ordinary loss and net loss for the quarter all narrowed from the same period of the previous year. The company remained loss-making, so this did not indicate completion of the transformation into a highly profitable structure. - FY2017RestatedAnnual report
「As its target management indicator, the company has set the securing of an ordinary profit margin of at least 10% as a management objective from the perspectives of profitability and management efficiency.」
Regarding the transformation into a highly profitable structure, the company explicitly states its management objective of an ordinary profit margin of at least 10%. - FY2017-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter, net sales were ¥17,223 million, up 6.9% year on year; operating profit was ¥1,655 million, up 21.2%; ordinary profit was ¥1,730 million, up 22.9%; and net profit for the quarter was ¥1,121 million, up 11.9%.」
For the cumulative third quarter, net sales, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year. This was treated as concrete progress in performance, rather than completion of the transformation into a highly profitable structure. - FY2017-Q2AdvancedAnnual report
「Profit also exceeded the results for the same period of the previous year, as the company worked to reduce expenses. As a result, for the cumulative second quarter, net sales were ¥4,722 million, up 2.9% year on year; the operating loss was ¥229 million, a reduction of ¥138 million; the ordinary loss was ¥118 million, a reduction of ¥184 million; and the net loss for the quarter was ¥168 million, a reduction of ¥31 million.」
Profit exceeded the same period of the previous year as a result of expense reductions, and the operating loss, ordinary loss and net loss all narrowed from the same period of the previous year. However, the company remained loss-making, so this was not treated as completion of the transformation into a highly profitable structure. - FY2016First statedAnnual report
「Transforming the business into a highly profitable structure」
The company has identified transforming the business into a highly profitable structure as a challenge in an environment where expanding the oil heating equipment market is difficult.