Improving ROE through higher gross profit and cost reductions
First written in FY2016. 28 of 39 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-11-12.
The whole theme swung hardest in 2019: 13 of 100 companies on the "Worse" side.
46 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In terms of earnings, although sales of logistics equipment declined substantially, the profit margin for lifestyle-related products improved slightly, partly due to the impact of selling price revisions. We also worked to reduce costs and cut various expenses. As a result, operating profit increased by ¥111,103 thousand versus the plan, ordinary profit by ¥126,750 thousand, and net profit by ¥260,221 thousand, due to the recording of a gain on the sale of investment securities as extraordinary income. ROE was 9.3%, reflecting the substantial outperformance of the earnings target.」
Selling price revisions, cost reductions and cuts in various expenses drove operating profit and ordinary profit above the plan. ROE was 9.3% versus the planned 3.6%. - 2026-06-01AdvancedGeneral Meeting of Shareholders
「販売価格改定等の影響で若干ながら利益率が向上した他、コストの低減と諸経費の節減等に努めました結果、営業利益は311百万円（対前期比2.1％増）、経常利益は346百万円（対前期比3.0％増）」
販売価格改定、コスト低減、諸経費節減により利益率および営業利益・経常利益が改善した。 - FY2026-H1Interim earnings declined as logistics equipment sales fellAnnual report
「In terms of earnings, although we worked to reduce costs and cut various expenses, the substantial decline in sales of logistics equipment resulted in operating profit of ¥148 million (down 48.0% year on year), ordinary profit of ¥160 million (down 48.4%), and interim net profit of ¥109 million (down 49.2%).」
Despite continued cost reductions and cuts in various expenses, operating profit, ordinary profit and interim net profit all fell below the same period of the previous year due to the substantial decline in sales of logistics equipment. - FY2025AdvancedAnnual report
「In terms of net sales, we made active sales efforts through home centers and specialist retailers for lifestyle-related products, including shovels, but sales remained sluggish due to the impact of selling price revisions and changes in consumer trends. For logistics equipment, although new orders were on a declining trend, sales progressed steadily because sales of orders received by the end of the previous fiscal year were concentrated in the first half. Nevertheless, sales were ¥51,761 thousand below the plan. In terms of earnings, in addition to increased sales of logistics equipment, we continued to work to reduce costs and cut various expenses amid soaring raw material and logistics costs. As a result, operating profit increased by ¥104,722 thousand versus the plan, ordinary profit by ¥76,647 thousand, and net profit by ¥52,649 thousand. ROE was 5.5%, reflecting the substantial outperformance of the earnings target.」
For the fiscal year ending March 2025, net sales were ¥51,761 thousand below the plan, while operating profit, ordinary profit and net profit exceeded the plan by ¥104,722 thousand, ¥76,647 thousand and ¥52,649 thousand, respectively. ROE was 5.5% versus the planned 4.7%. - FY2025-H1AdvancedAnnual report
「In terms of earnings, in addition to increased sales of logistics equipment, we continued to work to reduce costs and cut various expenses amid soaring raw material and logistics costs. As a result, operating profit was ¥286 million (¥221 million in the same period of the previous year), ordinary profit was ¥310 million (¥265 million), and interim net profit was ¥214 million (¥181 million).」
Despite continued cost reductions and cuts in various expenses amid soaring raw material and logistics costs, operating profit, ordinary profit and interim net profit all exceeded the same period of the previous year. - FY2024AdvancedAnnual report
「In terms of earnings, in addition to the recovery in sales of logistics equipment, we continued to work to reduce costs and cut various expenses amid soaring raw material and logistics costs. As a result, operating profit increased by ¥141,436 thousand versus the plan, ordinary profit by ¥170,104 thousand, and net profit by ¥142,544 thousand. ROE was 8.0%, reflecting the substantial outperformance of the earnings target.」
For the fiscal year ended March 2024, earnings exceeded the plan, and ROE was 8.0% versus the planned 4.7%. There was tangible progress in improving profitability through cost reductions and other measures. - FY2024-Q3AdvancedAnnual report
「In terms of earnings, net sales declined slightly, but we continued to work to reduce costs and cut various expenses amid soaring raw material and logistics costs. As a result, operating profit was ¥338 million (¥287 million in the same period of the previous year), ordinary profit was ¥391 million (¥306 million), and net profit for the quarter was ¥313 million (¥207 million).」
Although net sales declined slightly, continued cost reductions and cuts in various expenses led operating profit, ordinary profit and net profit for the quarter to exceed the same period of the previous year. - FY2024-Q2AdvancedAnnual report
「In terms of earnings, in addition to the recovery in sales of logistics equipment, we continued to work to reduce costs and cut various expenses amid soaring raw material and logistics costs. As a result, operating profit was ¥221 million (¥107 million in the same period of the previous year), ordinary profit was ¥265 million (¥122 million), and net profit for the quarter was ¥181 million (¥81 million).」
Despite continued cost reductions and cuts in various expenses amid soaring raw material and logistics costs, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year. - FY2024-Q1AdvancedAnnual report
「In terms of earnings, amid soaring raw material and logistics costs, we revised selling prices and worked to reduce costs and cut various expenses. As a result, operating profit was ¥96 million (¥62 million in the same period of the previous year), ordinary profit was ¥135 million (¥75 million), and net profit for the quarter was ¥92 million (¥50 million).」
As a result of revising selling prices, reducing costs and cutting various expenses, first-quarter operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year. - FY2023AdvancedAnnual report
「In terms of earnings, we worked to reduce costs and cut various expenses amid soaring raw material and logistics costs. As a result, operating profit increased by ¥126,998 thousand versus the plan, ordinary profit by ¥135,085 thousand, and net profit by ¥95,242 thousand. ROE was 5.7%, reflecting the substantial outperformance of the earnings target.」
Continued cost reductions and cuts in various expenses led to earnings exceeding the plan. ROE was 5.7%, versus the planned 3.1%, although it declined from 6.6% in the previous fiscal year. - FY2023-Q3RestatedAnnual report
「In terms of earnings, although net sales increased, we worked to reduce costs and cut various expenses amid soaring raw material and logistics costs. Operating profit was ¥287 million (¥326 million in the same period of the previous year), ordinary profit was ¥306 million (¥348 million), and net profit for the quarter was ¥207 million (¥239 million).」
Despite continued cost reductions and cuts in various expenses amid soaring raw material and logistics costs, operating profit, ordinary profit and net profit for the quarter all fell below the same period of the previous year. - FY2023-Q2Earnings declined amid soaring costs despite continued cost reductionsAnnual report
「In terms of earnings, we worked to reduce costs and cut various expenses amid soaring raw material and logistics costs. Operating profit was ¥107 million (¥179 million in the same period of the previous year), ordinary profit was ¥122 million (¥193 million), and net profit for the quarter was ¥81 million (¥133 million).」
Despite continued cost reductions and cuts in various expenses amid soaring raw material and logistics costs, operating profit, ordinary profit and net profit for the quarter all fell below the same period of the previous year. - FY2023-Q1Earnings declined as raw material and logistics costs surged despite continued cost reductionsAnnual report
「In terms of earnings, we worked to reduce costs and cut various expenses amid soaring raw material and logistics costs. Operating profit was ¥62 million (¥110 million in the same period of the previous year), ordinary profit was ¥75 million (¥114 million), and net profit for the quarter was ¥50 million (¥78 million).」
Despite continued cost reductions and cuts in various expenses, operating profit, ordinary profit and net profit for the quarter all fell below the same period of the previous year due to soaring raw material and logistics costs. - FY2022AdvancedAnnual report
「Although difficult conditions continued due to the resurgence of COVID-19, we made the safety of our customers and employees our top priority and conducted as much sales activity as possible while continuing COVID-19 measures. In addition to promotional sales of shovels, scoops and other products, early orders for snow-removal products in preparation for snowfall from October onward and snowfall in various regions from December onward increased sales of snow-removal products. As a result, net sales exceeded the plan by ¥155.278 million. Profit also increased as promotional sales and sales of snow-removal products remained firm. Operating profit exceeded the plan by ¥145.842 million, ordinary profit by ¥158.648 million, and net profit by ¥114.121 million. ROE was 6.6% because profit significantly exceeded the target.」
Net sales, operating profit, ordinary profit and net profit exceeded plan due to promotional sales and snowfall-related demand, while ROE was 6.6% versus the planned 3.1%. - FY2022-Q3Higher profit from promotional sales and snowfall-related demandAnnual report
「Promotional sales of shovels, scoops and other products, early orders for snow-removal products in preparation for snowfall from October onward, and snowfall in various regions in December increased sales of snow-removal products. As a result, operating profit was ¥326 million (same period of the previous year: ¥192 million), ordinary profit was ¥348 million (same period of the previous year: ¥228 million), and net profit for the quarter was ¥239 million (same period of the previous year: ¥141 million).」
Operating profit, ordinary profit and net profit for the quarter exceeded the same period of the previous year, driven by higher sales from promotional campaigns, early orders for snow-removal products and snowfall-related demand, rather than conventional cost reductions. - FY2022-Q2Higher sales and profit without cost-cutting measuresAnnual report
「In the previous period, personnel expenses fell substantially due to cuts in executive compensation, reductions in employee bonuses and other measures implemented in response to uncertainty caused by COVID-19. This period, these measures were not implemented, and variable costs such as freight increased with higher sales. Nevertheless, promotional sales of shovels, scoops and other products resulted in higher sales and profit. Operating profit was ¥179 million (same period of the previous year: ¥115 million), ordinary profit was ¥193 million (same period of the previous year: ¥147 million), and net profit for the quarter was ¥133 million (same period of the previous year: ¥88 million).」
Despite not implementing the reductions in executive compensation, bonuses and other costs carried out in the previous period, operating profit, ordinary profit and net profit for the quarter exceeded the same period of the previous year due to higher sales from promotional campaigns, even as variable costs increased. - FY2022-Q1Higher sales and profit without cost-cutting measuresAnnual report
「However, because these measures were not implemented this period and sales activities returned to normal except in some areas, personnel expenses and travel expenses increased. Nevertheless, promotional sales of shovels, scoops and other products resulted in higher sales and profit. Operating profit was ¥110 million (same period of the previous year: ¥50 million), ordinary profit was ¥114 million (same period of the previous year: ¥79 million), and net profit for the quarter was ¥78 million (same period of the previous year: ¥43 million).」
Despite not implementing the reductions in executive compensation, bonuses and other costs carried out in the previous period, operating profit, ordinary profit and net profit for the quarter exceeded the same period of the previous year as higher sales from promotional campaigns offset increases in personnel and travel expenses. No ROE figure was provided. - FY2021AdvancedAnnual report
「Although COVID-19 prevented us from organizing sufficient face-to-face sales activities, net sales exceeded the plan by ¥286.794 million due to higher sales from stay-at-home demand at mass retailers and strong snowfall-related demand from the Tohoku region to the Sea of Japan coast. Operating profit exceeded the plan by ¥92.910 million, reflecting higher profit from increased sales and lower travel expenses resulting from curtailed sales activities. ROE was 4.6% because profit significantly exceeded the target.」
In the fiscal year ended March 2021, net sales, operating profit, ordinary profit and net profit exceeded plan, while ROE was 4.6% versus the planned 2.2%. The gross profit margin also improved to 24.7%, marking tangible progress toward the goal of improving profitability. - FY2021-Q3AdvancedAnnual report
「Cuts in executive compensation and employee bonuses, lower personnel expenses resulting from voluntary restraint, and lower expenses related to sales activities resulted in operating profit of ¥192 million (same period of the previous year: ¥111 million). Non-operating income included ¥20 million in employment adjustment subsidies and other items, resulting in ordinary profit of ¥228 million (same period of the previous year: ¥134 million).」
Against a backdrop of reductions in executive compensation and bonuses, personnel expenses and sales-related expenses, operating profit and ordinary profit for the cumulative third quarter exceeded the same period of the previous year. - FY2021-Q2AdvancedAnnual report
「Under uncertain conditions, cuts in executive compensation, reductions in employee bonuses, lower personnel expenses resulting from voluntary restraint, and lower expenses related to sales activities resulted in operating profit of ¥115 million (same period of the previous year: ¥99 million). Non-operating income included ¥20 million in employment adjustment subsidies and other items, resulting in ordinary profit of ¥147 million (same period of the previous year: ¥112 million). After recording a ¥14 million extraordinary loss related to COVID-19, net profit for the quarter was ¥88 million (same period of the previous year: ¥74 million).」
The company implemented reductions in executive compensation and bonuses, personnel expenses and sales-related expenses, and operating profit, ordinary profit and net profit for the cumulative second quarter all exceeded the same period of the previous year. - FY2021-Q1AdvancedAnnual report
「Under uncertain conditions, cuts in executive compensation, reductions in employee bonuses, lower personnel expenses resulting from voluntary restraint, and lower expenses related to sales activities resulted in operating profit of ¥50 million (same period of the previous year: ¥37 million). Non-operating income included ¥20 million in employment adjustment subsidies and other items, resulting in ordinary profit of ¥79 million (same period of the previous year: ¥43 million).」
Although net sales fell below the same period of the previous year, operating profit and ordinary profit exceeded it due to reductions in executive compensation and bonuses, personnel expenses and sales-related expenses. - FY2020Failure to meet plan and lower ROEAnnual report
「Net sales declined ¥815.214 million versus the plan due to slower sales at major customers caused by unfavorable weather, compounded by poor sales of snow-removal shovels and scoops resulting from a record warm winter. Although we worked to reduce costs and various expenses, operating profit declined ¥52.583 million versus the plan. ROE was 1.4% as profits fell significantly short of the target.」
Despite continued cost and expense reductions, net sales, operating profit and other measures fell below plan in the fiscal year ended March 2020, resulting in ROE of 1.4%. - FY2020-Q3Profit declined despite continued cost reductionsAnnual report
「Although we worked to reduce costs and various expenses, operating profit was ¥111 million (same period of the previous year: ¥163 million), ordinary profit was ¥134 million (same period of the previous year: ¥179 million), and net profit for the quarter was ¥87 million (same period of the previous year: ¥118 million).」
Although the company continued reducing costs and various expenses, operating profit, ordinary profit and net profit for the cumulative third quarter all fell below the same period of the previous year. - FY2020-Q2AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥99 million (same period of the previous year: ¥85 million), ordinary profit was ¥112 million (same period of the previous year: ¥99 million), and net profit for the quarter was ¥74 million (same period of the previous year: ¥65 million).」
As a result of continued cost and expense reductions, operating profit, ordinary profit and net profit for the cumulative second quarter all exceeded the same period of the previous year. - FY2020-Q1AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥37 million (same period of the previous year: ¥33 million), ordinary profit was ¥43 million (same period of the previous year: ¥42 million), and net profit for the quarter was ¥28 million (same period of the previous year: ¥27 million).」
The company continued reducing costs and various expenses, and operating profit, ordinary profit and net profit for the first quarter all exceeded the same period of the previous year. - FY2019-Q3AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥163 million (same period of the previous year: ¥82 million), ordinary profit was ¥179 million (same period of the previous year: ¥92 million), and net profit for the quarter was ¥118 million (same period of the previous year: ¥70 million).」
As a result of continued cost and expense reductions, operating profit, ordinary profit and net profit for the cumulative third quarter all exceeded the same period of the previous year. - FY2019-Q2AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥85 million (same period of the previous year: ¥71 million), ordinary profit was ¥99 million (same period of the previous year: ¥82 million), and net profit for the quarter was ¥65 million (same period of the previous year: ¥52 million).」
As a result of continued cost and expense reductions, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year, despite lower net sales. - FY2019-Q1AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥33 million (same period of the previous year: ¥10 million), ordinary profit was ¥42 million (same period of the previous year: ¥15 million), and net profit for the quarter was ¥27 million (same period of the previous year: ¥8 million).」
As a result of continued cost and expense reductions, operating profit, ordinary profit and net profit for the quarter all exceeded the same period of the previous year, despite lower net sales. - FY2018AdvancedAnnual report
「Gross profit for the fiscal year increased ¥155 million from the previous fiscal year to ¥2,008 million, up 8.4%. The gross profit margin also increased 0.3 percentage points from the previous fiscal year to 23.8%, as the company worked to reduce costs despite higher raw material prices.」
As a result of continued cost reductions, the gross profit margin improved to 23.8%. Operating profit also increased to ¥119 million (previous period: ¥27 million), and ROE rose from 0.8% to 3.2%. - FY2018-Q3AdvancedAnnual report
「Alongside efforts to reduce costs and various expenses, we also worked to strengthen our earnings base. Operating profit was ¥82 million (same period of the previous year: ¥15 million), ordinary profit was ¥92 million (same period of the previous year: ¥26 million), and net profit for the quarter was ¥70 million (same period of the previous year: ¥10 million).」
As a result of reducing costs and various expenses and strengthening the earnings base, operating profit, ordinary profit and net profit for the cumulative third quarter all exceeded the same period of the previous year. - FY2018-Q2AdvancedAnnual report
「Alongside efforts to reduce costs and various expenses, we also worked to strengthen our earnings base. Operating profit was ¥71 million (same period of the previous year: ¥17 million), ordinary profit was ¥82 million (same period of the previous year: ¥25 million), and net profit for the quarter was ¥52 million (same period of the previous year: ¥12 million).」
As a result of reducing costs and various expenses and strengthening the earnings base, operating profit, ordinary profit and net profit for the cumulative second quarter all exceeded the same period of the previous year. - FY2018-Q1AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥10 million (same period of the previous year: ¥5 million), ordinary profit was ¥15 million (same period of the previous year: ¥6 million), and net profit for the quarter was ¥8 million (same period of the previous year: ¥2 million).」
As a result of continued cost and expense reductions, operating profit, ordinary profit and net profit for the first quarter all exceeded the same period of the previous year. - FY2017AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥27 million (operating loss of ¥26 million in the previous period), ordinary profit was ¥45 million (previous period: ¥36 million), and net profit was ¥22 million (previous period: ¥10 million).」
As a result of continued cost and expense reductions, operating profit for the fiscal year turned from an operating loss in the previous year into a profit of ¥27 million, while ordinary profit and net profit also exceeded the previous year. - FY2017-Q3AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥15 million (operating loss of ¥41 million in the same period of the previous year), ordinary profit was ¥26 million (ordinary loss of ¥5 million in the same period of the previous year), and net profit for the quarter was ¥10 million (net loss for the quarter of ¥11 million in the same period of the previous year).」
As a result of efforts to reduce costs and various expenses, operating profit, ordinary profit and net profit for the cumulative third quarter all turned profitable from losses in the same period of the previous year. - FY2017-Q2AdvancedAnnual report
「As a result of efforts to reduce costs and various expenses, operating profit was ¥17 million (same period of the previous year: ¥11 million), ordinary profit was ¥25 million (same period of the previous year: ¥15 million), and net profit for the quarter was ¥12 million (same period of the previous year: ¥5 million).」
Alongside efforts to reduce costs and various expenses, operating profit, ordinary profit and net profit for the cumulative second quarter exceeded the same period of the previous year. No ROE figure itself was provided. - FY2017-Q1RestatedAnnual report
「Although we worked to reduce costs and cut various expenses」
The company continued reducing costs and various expenses, but profit was below the same period of the previous year in the quarter under review. - FY2016First statedAnnual report
「While working to expand sales channels and improve gross profit, we will also work to reduce selling, general and administrative expenses, promote rational and efficient management, improve ROE (return on equity) and increase returns to shareholders.」
The company aims to improve ROE and shareholder returns through expanded sales channels, higher gross profit, lower selling, general and administrative expenses, and greater rationalization and efficiency.