Decline in domestic orders and deterioration in profitability in the metal products business
First written in FY2019-Q3. 10 of 25 entries say "Worsened", first in FY2019. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「In the metal products business, while production and sales of new vehicles remained broadly stable, revenue was ¥8,273 million (up 5.3% from the previous consolidated fiscal year) and operating profit was ¥408 million (up 16.3%).」
As automotive production and sales remained broadly stable, revenue and operating profit in the metal products business increased, mitigating the previously identified risks of declining orders and deteriorating profitability. - 2026-05-07MitigatedRevisions to earnings forecasts
「In the metal products business, while production and sales of new vehicles remained broadly stable, revenue was ¥8,273 million (up 5.3% from the previous consolidated fiscal year) and operating profit was ¥408 million (up 16.3%).」
自動車生産・販売が安定した状況で、金属製品事業の売上高と営業利益が増加した。 - FY2026-H1MitigatedAnnual report
「In the metal products business, the recovery in demand accompanying the recovery in production, particularly of automotive parts, resulted in revenue of ¥4,056 million (up 5.4% from the previous interim consolidated period) and operating profit of ¥195 million (up 23.4%).」
The recovery in production, particularly of automotive parts, and the recovery in demand increased revenue and operating profit in the metal products business, mitigating the previously identified risks of declining orders and deteriorating profitability. - FY2025-H1Profit improvement despite lower ordersAnnual report
「In the Metal Products business, orders declined due to the impact of production and shipment suspensions by certain automakers, resulting in revenue of ¥3,847 million, down 2.7% from the previous interim consolidated accounting period, and operating income of ¥158 million, up 10.6%.」
Production and shipment stoppages at some automakers reduced orders and revenue, but operating profit increased 10.6% year on year, indicating divergent trends in orders and profitability. - FY2024WorsenedAnnual report
「In the Metal Products business, although the overseas subsidiaries recorded higher sales, orders at the domestic companies were affected by customer production adjustments and higher prices for raw materials, subcontracting, electricity, and other costs, resulting in net sales of ¥7,891 million, down 0.2% year on year, and operating profit of ¥269 million, down 46.9% year on year.」
Customer production adjustments and higher raw material, subcontracting, and electricity costs caused operating profit in the metal products business to decline 46.9% year on year. - FY2024-Q3WorsenedAnnual report
「In the Metal Products business, customer production adjustments and higher raw-material and other prices resulted in net sales of ¥5,991 million, up 2.0% year on year, and operating profit of ¥209 million, down 46.7% year on year.」
Customer production adjustments were cited in the metal products business, and operating profit declined 46.7% year on year alongside higher prices for raw materials and other inputs. - FY2024-Q1ReframedAnnual report
「In the Metal Products business, orders remained firm, but soaring raw-material and other prices resulted in net sales of ¥1,990 million, up 6.3% year on year, and operating profit of ¥57 million, down 58.2% year on year.」
Although the explanation shifted from declining orders to orders remaining firm, it also described deteriorating profitability, with operating profit declining due to soaring raw material and other prices. - FY2023RestatedAnnual report
「In the Metal Products business, orders remained firm, but higher raw-material and other prices resulted in net sales of ¥7,909 million, up 5.4% year on year, and operating profit of ¥507 million, down 20.1% year on year.」
The full-year results reconfirmed that, although orders remained firm, profit declined due to higher prices for raw materials and other inputs. - FY2023-Q3ReframedAnnual report
「In the Metal Products business, orders remained firm, but higher raw-material and other prices resulted in net sales of ¥5,871 million, up 4.1% year on year, and operating profit of ¥393 million, down 27.1% year on year.」
The explanation shifted from declining orders due to inventory adjustments and other factors to deteriorating profitability, with orders becoming firm while operating profit declined due to higher prices for raw materials and other inputs. - FY2023-Q2WorsenedAnnual report
「In the Metal Products business, orders declined due to inventory adjustments and other factors, while higher raw-material and other prices resulted in net sales of ¥3,784 million, down 0.4% year on year, and operating profit of ¥223 million, down 43.1% year on year.」
In the metal products business, orders declined due to inventory adjustments and other factors, while prices for raw materials and other inputs increased, resulting in year-on-year declines in revenue and operating profit. - FY2023-Q1WorsenedAnnual report
「In the metal products business, orders declined due to inventory adjustments and other factors, resulting in revenue of ¥1,871 million (down 3.0% year on year) and operating profit of ¥136 million (down 38.2%).」
Orders in the metal products business declined due to inventory adjustments and other factors, leading to year-on-year declines in revenue and operating profit. The risks of declining orders and deteriorating profitability again emerged in the results. - FY2022MitigatedAnnual report
「In the metal products business, firm orders resulted in revenue of ¥7,501 million (up 15.7% from the previous consolidated fiscal year) and operating profit of ¥635 million (up 42.8%).」
In the metal products business, orders remained firm despite the previously identified risks of declining orders and deteriorating profitability, resulting in increases in revenue and operating profit. - FY2022-Q3MitigatedAnnual report
「In the metal products business, firm orders resulted in revenue of ¥5,642 million (up 23.3% year on year) and operating profit of ¥539 million (up 142.8%).」
Orders remained firm despite the previously identified risks of declining orders and deteriorating profitability, and revenue and operating profit increased year on year. - FY2022-Q2MitigatedAnnual report
「In the metal products business, firm orders resulted in revenue of ¥3,798 million (up 34.6% year on year) and operating profit of ¥393 million (up 388.3%).」
Orders remained firm despite the previously identified risks of declining orders and deteriorating profitability, and revenue and operating profit increased year on year. - FY2022-Q1MitigatedAnnual report
「In the metal products business, firm orders resulted in revenue of ¥1,930 million (up 38.6% year on year) and operating profit of ¥220 million (up 461.4%).」
Orders remained firm despite the previously identified risks of declining orders and deteriorating profitability, and revenue and operating profit increased year on year. - FY2021MitigatedAnnual report
「In the metal products business, orders continued to trend downward as economic activity contracted amid the spread of COVID-19, with a sharp drop in demand in the automotive industry, a major customer sector, forcing production cuts. As a result, revenue was ¥6,481 million (down 9.4% from the previous consolidated fiscal year) and operating profit was ¥445 million (up 9.8%).」
Although production cuts and lower orders in the automotive industry caused by COVID-19 continued, operating profit increased 9.8% year on year, indicating an improvement in profitability. - FY2021-Q3RestatedAnnual report
「In the metal products business, orders continued to trend downward as economic activity contracted amid the spread of COVID-19, with a sharp drop in demand in the automotive industry, a major customer sector, forcing production cuts. As a result, revenue was ¥4,575 million (down 14.6% year on year) and operating profit was ¥222 million (down 33.3%).」
Orders continued to decline due to production cuts in the automotive industry amid the spread of COVID-19. Revenue declined 14.6% and operating profit declined 33.3%. - FY2021-Q2WorsenedAnnual report
「In the metal products business, orders continued to trend downward as economic activity contracted amid the spread of COVID-19, with a sharp drop in demand in the automotive industry, a major customer sector, forcing production cuts. As a result, revenue was ¥2,821 million (down 20.0% year on year) and operating profit was ¥80 million (down 63.2%).」
Production cuts in the automotive industry caused by COVID-19 led to continued weakness in orders. Revenue declined 20.0% and operating profit declined 63.2%. - FY2021-Q1WorsenedAnnual report
「In the metal products business, orders continued to trend downward as economic activity contracted amid the spread of COVID-19, with production lines suspended and other disruptions in the automotive industry, a major customer sector. As a result, revenue was ¥1,393 million (down 16.1% year on year) and operating profit was ¥39 million (down 45.9%).」
The suspension of production lines and other disruptions in the automotive industry caused by COVID-19 led to lower orders in the metal products business. Revenue declined 16.1% and operating profit declined 45.9%. - FY2020WorsenedAnnual report
「In the metal products business, sales remained sluggish and revenue continued to trend downward. At domestic companies, higher selling, general and administrative expenses due to increased staffing, as well as M&A expenses incurred in acquiring 山添製作所, among other factors, resulted in revenue of ¥7,153 million (down 0.3% from the previous consolidated fiscal year) and operating profit of ¥405 million (down 21.5%).」
The metal products business continued to face sluggish sales, higher selling, general and administrative expenses due to increased staffing, and M&A expenses related to the acquisition of 山添製作所. Operating profit declined 21.5%. - FY2020-Q3RestatedAnnual report
「In the metal products business, sales remained sluggish and revenue continued to trend downward. At domestic companies, higher selling, general and administrative expenses due to increased staffing, as well as M&A expenses incurred in acquiring 山添製作所, among other factors, resulted in revenue of ¥5,356 million (down 0.8% year on year) and operating profit of ¥332 million (down 15.6%).」
The metal products business continued to face sluggish sales, higher selling, general and administrative expenses due to increased staffing, and M&A expenses related to the acquisition of 山添製作所, with both revenue and operating profit declining. - FY2020-Q2WorsenedAnnual report
「In the metal products business, revenue increased as a result of making 山添製作所 a subsidiary, although orders continued to trend downward. At domestic companies, higher selling, general and administrative expenses due to increased staffing, as well as M&A expenses incurred in acquiring 山添製作所, among other factors, resulted in revenue of ¥3,527 million (down 1.2% year on year) and operating profit of ¥219 million (down 15.9%).」
Although making 山添製作所 a subsidiary increased revenue, declining orders, higher selling, general and administrative expenses due to increased staffing, and M&A expenses resulted in revenue declining 1.2% and operating profit declining 15.9%. - FY2020-Q1WorsenedAnnual report
「In the metal products business, orders continued to trend downward. At domestic companies, higher selling, general and administrative expenses due to increased staffing, as well as M&A expenses incurred in acquiring 山添製作所, among other factors, resulted in revenue of ¥1,661 million (down 7.3% year on year) and operating profit of ¥72 million (down 45.7%).」
Orders in the metal products business continued to decline, while higher selling, general and administrative expenses due to increased staffing and M&A expenses related to the acquisition of 山添製作所 were additional factors. Revenue declined 7.3% and operating profit declined 45.7%. - FY2019WorsenedAnnual report
「In the metal products business, although revenue at overseas subsidiaries increased, orders at domestic companies continued to trend downward. Together with the decline in the gross profit margin and higher selling, general and administrative expenses due to increased staffing, this resulted in revenue of ¥7,173 million (down 0.6% from the previous consolidated fiscal year) and operating profit of ¥516 million (down 15.8%).」
The decline in domestic orders was reflected in full-year results, with revenue in the metal products business down 0.6% and operating profit down 15.8%. - FY2019-Q3First statedAnnual report
「In the metal products business, although revenue at overseas subsidiaries increased, orders at domestic companies continued to trend downward. Together with the decline in the gross profit margin and higher selling, general and administrative expenses due to increased staffing, this resulted in revenue of ¥5,401 million (up 0.3% year on year) and operating profit of ¥394 million (down 14.4% year on year).」
Declining orders at domestic companies, a lower gross profit margin, and higher selling, general and administrative expenses due to increased staffing were identified together for the first time as factors affecting profitability in the metal products business. Operating profit declined 14.4% year on year.