Profit pressure on businesses related to the Product Business Division from new product launch costs and declining sales volume
First written in FY2020-Q1. 4 of 11 entries say "Restated". Latest entry: FY2024-Q2.
Neturen moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2018: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the existing risks, including pressure on profits from new product launch costs and lower sales volumes. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the existing risks, including pressure on profits from new product launch costs and lower sales volumes. - FY2022MitigatedAnnual report
「As a result, revenue was ¥31,205 million, up 27.2% year on year, and operating profit was ¥1,317 million, up 92.2% year on year.」
The businesses related to the Products Division reported higher revenue and higher profit, and the pressure on profits from new product launch costs and lower sales volumes that became apparent in the previous fiscal year eased. - FY2022-Q2MitigatedAnnual report
「As a result, revenue was ¥14,345 million, up 36.0% year on year, and operating profit was ¥691 million, compared with an operating loss of ¥106 million in the same period of the previous year.」
In the businesses related to the Products Division, revenue increased 36.0% year on year, and the business turned from an operating loss of ¥106 million to operating profit of ¥691 million. The pressure on profits from lower sales volumes and other factors eased. - FY2022-Q1MitigatedAnnual report
「As a result, revenue was ¥7,007 million, up 41.3% year on year, and operating profit was ¥394 million, compared with an operating loss of ¥232 million in the same period of the previous year.」
In the businesses related to the Products Division, revenue increased 41.3% year on year, and the business turned from an operating loss of ¥232 million to operating profit of ¥394 million. The pressure on profits from new product launch costs and lower sales volumes eased during the current quarter. - FY2021-Q3MitigatedAnnual report
「As a result, although business conditions have steadily recovered, the impact of the sharp decline in orders in the first half remained significant. Revenue was ¥17,322 million, down 12.0% year on year, and, mainly due to the impact of lower revenue, operating profit was ¥266 million, down 24.3% year on year.」
Business conditions in the businesses related to the Products Division steadily recovered, and operating profit increased from ¥237 million for the cumulative second quarter to ¥266 million. However, revenue was down 12.0% and operating profit was down 24.3%, so the impact of lower revenue remained. - FY2021-Q2WorsenedAnnual report
「As a result, revenue was ¥10,544 million, down 22.4% year on year, and, mainly due to the impact of lower revenue, the company reported an operating loss of ¥106 million, compared with operating profit of ¥237 million in the same period of the previous year.」
In the businesses related to the Products Division, the impact of lower revenue resulted in a shift from operating profit to an operating loss. - FY2021-Q1WorsenedAnnual report
「Revenue from automotive-related products declined substantially from the same period of the previous year as demand fell worldwide under the severe impact of the COVID-19 pandemic.」
In the businesses related to the Products Division, weaker demand for automotive-related products led to a substantial decline in revenue and an operating loss of ¥232 million in the segment. - FY2020-Q3RestatedAnnual report
「Operating profit was ¥351 million, down 69.2% year on year, due mainly to the inability to fully offset lower sales volumes through fixed-cost reduction measures and higher costs associated with launching new products being rolled out for the related products, among other factors.」
The fixed-cost burden resulting from lower sales volumes and new product launch costs continues to materialise as a decline in operating profit in the businesses related to the Products Division. - FY2020-Q2RestatedAnnual report
「Operating profit was ¥237 million, down 73.7% year on year, due to the higher fixed-cost burden resulting from lower sales volumes and higher costs associated with launching new products currently being rolled out for related products.」
The pressure on profits from new product launch costs and the higher fixed-cost burden resulting from lower sales volumes continues to materialise as a decline in operating profit in the businesses related to the Products Division. - FY2020-Q1MaterialisedAnnual report
「As a result, revenue was ¥6,906 million, down 5.1% year on year, while operating profit was ¥125 million, down 76.2% year on year, due to higher costs associated with launching new products currently being rolled out for automotive and construction machinery parts, as well as a higher fixed-cost burden resulting from lower sales volumes of related products.」
The higher fixed-cost burden from new product launch costs and lower sales volumes materialised as a 76.2% decline in operating profit in the businesses related to the Products Division.