Restoring Profitability Through New Product Launches, Production Efficiency Improvements and Cost Improvements
First written in FY2016. 15 of 36 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-07-30.
Fine Sinter moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
11 other companies' latest entry also says "Worsened".
- 2026-07-30WorsenedEarnings
「Operating income was ¥7 million, down 96.8% year on year, while ordinary loss was ¥77 million, compared with ordinary income of ¥134 million in the same quarter of the previous year.」
Although revenue increased, operating income fell sharply and ordinary income turned into an ordinary loss. - FY2026Operating and ordinary profit growth, but a wider net lossAnnual report
「For the fiscal year, revenue was ¥46,206 million, up 8.2% year on year, while operating profit was ¥1,195 million, an improvement of ¥512 million from the previous fiscal year. Ordinary profit was ¥754 million, an improvement of ¥281 million. Due mainly to a ¥2,191 million impairment loss on fixed assets associated with the reorganization of global production sites in line with the medium- to long-term strategy, net loss attributable to owners of the parent was ¥2,414 million.」
Revenue reached a record high, and operating profit and ordinary profit increased, but net loss attributable to owners of the parent widened to ¥2,414.973 million due to impairment losses associated with the reorganization of global production sites and other factors. - 2026-05-14OtherRevisions to earnings forecasts
「Revenue was ¥46,206 million, up 8.2% year on year, and operating income was ¥1,195 million, an increase of ¥512 million from the previous fiscal year. Ordinary income was ¥754 million, an increase of ¥281 million year on year. As a result of recording impairment losses on fixed assets of ¥2,191 million in connection with the global reorganization of production sites in line with our medium- to long-term strategy, the net loss attributable to owners of the parent was ¥2,414 million, compared with a net loss attributable to owners of the parent of ¥206 million in the previous fiscal year.」
Revenue, operating income and ordinary income improved, but impairment losses associated with the global reorganization of production sites caused the net loss attributable to owners of the parent to widen from the previous fiscal year. - FY2026-H1Key first-half profit measures returned to the blackAnnual report
「Against this backdrop, for the six months ended the current interim period, revenue was ¥23,039 million, up 10.5% year on year. Operating profit was ¥1,202 million, compared with an operating loss of ¥191 million in the same period of the previous year, and ordinary profit was ¥1,003 million, compared with an ordinary loss of ¥316 million. Interim net income attributable to owners of the parent was ¥925 million, including a ¥170 million gain on the sale of investment securities following the reduction of cross-shareholdings to improve capital efficiency, compared with an interim net loss attributable to owners of the parent of ¥1,159 million in the same period of the previous year. The key profit measures from operating profit onward all turned from losses in the same period of the previous year to profits.」
In the first half, revenue increased 10.5% year on year, while operating profit, ordinary profit, and interim net income attributable to owners of the parent all turned from losses in the same period of the previous year to profits. - FY2025Operating profit recovered, but net loss continuedAnnual report
「For the fiscal year, revenue was ¥42,720 million, up 0.8% year on year, while operating profit was ¥683 million, an improvement of ¥270 million from the previous fiscal year.」
Revenue increased 0.8% and operating profit rose to ¥683 million, while net loss attributable to owners of the parent continued at ¥206 million due to costs related to improper accounting and impairment losses associated with the reorganization of domestic sites, among other factors. - FY2025-H1WorsenedAnnual report
「For the six months ended the current interim period, revenue was ¥20,855 million, down 0.9% year on year. Due to lower sales volumes in the automotive sintered-products business and temporary factors in the current fiscal year, operating loss was ¥191 million, an deterioration of ¥257 million from the previous interim period. Ordinary loss was ¥316 million, an deterioration of ¥552 million from the previous interim period.」
Revenue fell 0.9% year on year, while operating profit turned from a profit of ¥65.85 million in the same period of the previous year to an operating loss of ¥191.28 million. Ordinary profit also deteriorated from a profit of ¥235.96 million to a loss of ¥316.55 million. - FY2024Full-year operating profit returned to the black, but loss attributable to owners of the parent continuedAnnual report
「For the fiscal year, revenue was ¥42,390 million, up 6.8% year on year, while operating profit was ¥413 million, an improvement of ¥1,454 million from the previous fiscal year.」
Revenue increased, and operating profit turned from a loss in the previous fiscal year to a profit of ¥413 million. However, net loss attributable to owners of the parent was ¥593 million due to impairment losses and other factors. - FY2024-Q3Cumulative nine-month operating profit and profit attributable to owners of the parent were in the blackAnnual report
「Against this backdrop, for the nine months ended the current third quarter, revenue was ¥32,140 million, up 8.7% year on year, while operating profit was ¥353 million, an improvement of ¥1,492 million from the same period of the previous year. Ordinary profit was ¥295 million, an improvement of ¥1,412 million, due to factors including ¥151 million in foreign exchange gain from exchange-rate movements and gains on the sale of investment securities following the reduction of cross-shareholdings to improve capital efficiency. Quarterly net income attributable to owners of the parent was ¥83 million, an improvement of ¥1,035 million from the same period of the previous year.」
Operating profit turned from a loss of ¥1,139 million in the same period of the previous year to a profit of ¥353 million, while profit attributable to owners of the parent also turned from a loss of ¥952 million to a profit of ¥83 million. Following the return to first-half operating profitability, profitability was maintained for the nine months ended the third quarter. - FY2024-Q2First-half operating profit returned to the blackAnnual report
「Against this backdrop, for the six months ended the current second quarter, revenue was ¥21,045 million, up 7.2% year on year, while operating profit was ¥39 million, an improvement of ¥717 million from the same period of the previous year.」
Operating profit turned from a loss of ¥677 million in the same period of the previous year to a profit of ¥39 million for the six months ended the second quarter. The stated factors were a recovery in sales volumes in the automotive sintered-products business, price adjustments, improvements in the domestic earnings structure, and lower losses in the United States. - FY2024-Q1First-quarter loss narrowedAnnual report
「For the three months ended the current first quarter, revenue was ¥10,083 million, up 8.3% year on year, while operating loss was ¥365 million, an improvement of ¥396 million from the same quarter of the previous year. Ordinary loss was ¥132 million, an improvement of ¥361 million, mainly due to ¥240 million in foreign exchange gain from exchange-rate movements. Net loss attributable to owners of the parent was ¥92 million, an improvement of ¥355 million from the same quarter of the previous year.」
Revenue increased 8.3% year on year, while operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. However, losses continued at each level of earnings. - FY2023WorsenedAnnual report
「For the fiscal year, revenue was ¥39,674 million, up 1.8% year on year, while operating loss was ¥973 million, an deterioration of ¥1,409 million from the previous fiscal year.」
Revenue increased, while operating profit turned from a profit of ¥435 million in the previous fiscal year to a loss of ¥973 million. - FY2023-Q3WorsenedAnnual report
「For the nine months ended the current third quarter, revenue was ¥29,570 million, up 2.1% year on year, while operating loss was ¥1,139 million, an deterioration of ¥1,359 million from the same period of the previous year.」
Revenue increased 2.1% year on year, while operating profit turned from a profit of ¥220 million in the same period of the previous year to an operating loss of ¥1,139 million. Despite the recovery in earnings from new products and production-efficiency improvements, profitability deteriorated because of soaring raw material and energy prices, the semiconductor shortage, and lower sales volumes. - FY2023-Q2WorsenedAnnual report
「For the six months ended the current second quarter, revenue was ¥19,623 million, up 2.6% year on year, while operating loss was ¥677 million, an deterioration of ¥933 million from the same period of the previous year.」
Revenue increased 2.6%, while operating profit turned from a profit in the same period of the previous year to an operating loss of ¥677 million. Soaring raw material and energy prices, the semiconductor shortage, and exchange-rate movements are weighing on earnings. - FY2023-Q1WorsenedAnnual report
「For the three months ended the current first quarter, revenue was ¥9,309 million, down 5.4% year on year, while operating loss was ¥762 million, an deterioration of ¥1,025 million from the same quarter of the previous year.」
From a profit in the first quarter of the previous fiscal year, revenue fell 5.4% and operating loss was ¥762 million. The company states that the semiconductor shortage and soaring raw material and energy prices weighed on results. - FY2022Returned to profitability for the full yearAnnual report
「Against this backdrop, for the fiscal year, revenue was ¥38,957 million, up 12.5% year on year; operating profit was ¥435 million, up 105.8%; ordinary profit was ¥724 million, up 451.9%; and net income attributable to owners of the parent was ¥208 million, compared with a net loss attributable to owners of the parent of ¥225 million in the previous fiscal year.」
From a loss in the previous fiscal year caused by the spread of COVID-19, full-year profit attributable to owners of the parent recovered to a profit of ¥208 million. Revenue increased 12.5% and operating profit increased 105.8%. - FY2022-Q3Cumulative nine-month results remained in the blackAnnual report
「Against this backdrop, revenue for the nine months ended the current third quarter was ¥28,957 million, an increase of ¥4,415 million, or 18.0%, from the same period of the previous year. Operating profit was ¥220 million, an improvement of ¥721 million; ordinary profit was ¥428 million, an improvement of ¥1,034 million; and quarterly net income attributable to owners of the parent was ¥50 million, an improvement of ¥766 million, in each case compared with the same period of the previous year.」
From operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent in the same period of the previous year, the nine months ended the third quarter recovered to operating profit of ¥220 million, ordinary profit of ¥428 million, and quarterly net income attributable to owners of the parent of ¥50 million. Profitability was maintained following the six months ended the second quarter. - FY2022-Q2Cumulative first-half results remained in the blackAnnual report
「Against this backdrop, revenue for the six months ended the current second quarter was ¥19,120 million, an increase of ¥4,498 million, or 30.8%, from the same period of the previous year. Operating profit was ¥255 million, an improvement of ¥1,591 million; ordinary profit was ¥424 million, an improvement of ¥1,810 million; and net income attributable to owners of the parent was ¥248 million, an improvement of ¥1,427 million, in each case compared with the same period of the previous year.」
From the operating loss in the same period of the previous year caused by the spread of COVID-19, the six months ended the second quarter recovered to operating profit of ¥255 million, ordinary profit of ¥424 million, and interim net income attributable to owners of the parent of ¥248 million. Revenue also increased 30.8%. - FY2022-Q1Returned to profitability in the first quarterAnnual report
「Against this backdrop, revenue for the three months ended the current first quarter was ¥9,824 million, an increase of ¥4,077 million, or 71.0%, from the same quarter of the previous year. Operating profit was ¥253 million, an improvement of ¥1,970 million; ordinary profit was ¥498 million, an improvement of ¥2,098 million; and net income attributable to owners of the parent was ¥394 million, an improvement of ¥1,667 million, in each case compared with the same quarter of the previous year.」
From the substantial revenue decline and loss caused by the spread of COVID-19 in the same quarter of the previous year, the company recovered in the first quarter to revenue growth of 71.0%, operating profit of ¥253 million, ordinary profit of ¥498 million, and quarterly net income attributable to owners of the parent of ¥394 million. - FY2021WorsenedAnnual report
「As a result, for the fiscal year, revenue was ¥34,606 million, down 14.2% year on year; operating profit was ¥181 million, down 86.0%; ordinary profit was ¥131 million, down 86.8%; and net loss attributable to owners of the parent was ¥225 million, a decline of ¥777 million from the previous fiscal year.」
Full-year revenue fell 14.2% and operating profit fell 86.0% amid the spread of COVID-19 and other factors, while profit attributable to owners of the parent was a loss of ¥225 million. - FY2021-Q3Third-quarter standalone profit growth continued, but cumulative results remained in the redAnnual report
「In the three months of the current third quarter, revenue was ¥9,909 million, down 1.3% year on year, while operating profit was ¥825 million, up 190.6% year on year, marking an increase from the same quarter of the previous year for the second consecutive quarter.」
Operating profit increased year on year in the third quarter alone, following the second quarter, rising 190.6% year on year. However, for the nine months ended the third quarter, revenue fell 19.9%, operating loss was ¥520 million, and net loss attributable to owners of the parent was ¥716 million, leaving cumulative results in the red. - FY2021-Q2Performance recovered in the second quarterAnnual report
「Revenue for the 3-month second quarter was ¥8,862 million, down 14.2% from the same quarter of the previous year, while operating profit rose 68.9% to ¥371 million. Compared with the first quarter, both revenue and profit recovered substantially.」
Operating profit recovered from a loss in the first quarter to ¥371 million on a standalone second-quarter basis. However, for the cumulative 6-month period, revenue fell 29.0%, with an operating loss of ¥1,345 million, an ordinary loss of ¥1,385 million and a quarterly net loss attributable to owners of the parent of ¥1,178 million, leaving cumulative performance deteriorated. - FY2021-Q1WorsenedAnnual report
「Revenue for the first quarter of the fiscal year was ¥5,746 million, down ¥4,487 million, or 43.8%, from the same quarter of the previous year. The company posted an operating loss of ¥1,717 million, an ordinary loss of ¥1,599 million and a quarterly net loss attributable to owners of the parent of ¥1,272 million, compared with declines of ¥1,933 million, ¥1,738 million and ¥1,272 million, respectively, from the same quarter of the previous year.」
Against the backdrop of production stoppages and operating adjustments due to the spread of COVID-19, revenue fell 43.8%, and the company posted an operating loss of ¥1,717 million, an ordinary loss of ¥1,599 million and a quarterly net loss attributable to owners of the parent of ¥1,272 million. - FY2020WorsenedAnnual report
「Against this backdrop, revenue for the consolidated fiscal year was ¥40,322 million, down 0.4% from the previous fiscal year. Operating profit fell 24.2% to ¥1,301 million, ordinary profit fell 35.7% to ¥991 million and net income attributable to owners of the parent fell 32.3% to ¥552 million.」
Revenue edged down, while operating profit, ordinary profit and net income attributable to owners of the parent all declined. Earnings were pressured by the slowdown in markets in China and Thailand, COVID-19, difficulties securing personnel and high equipment utilization in the United States, and domestic quality assurance costs. - FY2020-Q3WorsenedAnnual report
「Revenue for the first 9 months of the fiscal year was ¥30,598 million, up ¥625 million, or 2.1%, from the same period of the previous year. Operating profit fell ¥309 million, or 30.0%, to ¥720 million, ordinary profit fell ¥343 million, or 38.6%, to ¥544 million, and quarterly net income attributable to owners of the parent fell ¥155 million, or 44.7%, to ¥192 million.」
Revenue rose 2.1%, while operating profit fell 30.0%, ordinary profit fell 38.6% and quarterly net income attributable to owners of the parent fell 44.7%. Revenue increased and profit declined for the second consecutive quarter, with the deterioration in profitability widening. - FY2020-Q2WorsenedAnnual report
「Revenue for the first 6 months of the fiscal year was ¥20,562 million, up ¥971 million, or 5.0%, from the same period of the previous year. Operating profit fell ¥166 million, or 27.6%, to ¥436 million, ordinary profit fell ¥253 million, or 47.9%, to ¥275 million due to higher foreign exchange losses and other factors, and net income attributable to owners of the parent fell ¥138 million, or 83.9%, to ¥26 million.」
Revenue rose 5.0%, while operating profit fell 27.6%, ordinary profit fell 47.9% and quarterly net income attributable to owners of the parent fell 83.9%. Although new products increased revenue, earnings were pressured by the slowdown in the Chinese market, production losses at the U.S. subsidiary, domestic quality assurance costs and higher foreign exchange losses. - FY2020-Q1WorsenedAnnual report
「In the first three months of the current fiscal year, net sales were ¥10,233 million, an increase of ¥524 million, or 5.4%, from the same period of the previous year. Operating income was ¥216 million, a decrease of ¥17 million, or 7.6%. Ordinary income was ¥138 million, a decrease of ¥78 million, or 36.2%, mainly due to the increase in foreign exchange losses. Net income attributable to owners of the parent was ¥0 million, a decrease of ¥24 million, or 99.4%.」
Revenue rose 5.4%, while operating profit fell 7.6%, ordinary profit fell 36.2% and quarterly net income attributable to owners of the parent fell 99.4%. Although new products increased revenue, earnings were pressured by the slowdown in the Chinese subsidiary's market, difficulties securing personnel at the U.S. subsidiary and quality assurance costs at domestic subsidiaries. - FY2019WorsenedAnnual report
「Revenue rose 3.9% year on year to ¥40,501 million, while operating profit fell 4.4% to ¥1,716 million, ordinary profit fell 3.3% to ¥1,540 million and net income attributable to owners of the parent rose 76.7% to ¥816 million.」
Revenue increased, but operating profit and ordinary profit declined. The company states that soaring market prices for raw materials, domestic new product launch costs and quality losses, and production inefficiencies caused by difficulties securing personnel at the U.S. subsidiary pressured earnings. - FY2019-Q3WorsenedAnnual report
「As a result, revenue for the first 9 months of the fiscal year was ¥29,973 million, up ¥996 million, or 3.4%, from the same period of the previous year. Operating profit fell ¥92 million, or 8.2%, to ¥1,029 million, ordinary profit fell ¥150 million, or 14.5%, to ¥887 million, and net income attributable to owners of the parent fell ¥23 million, or 6.4%, to ¥347 million.」
Although revenue increased, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined year on year. Profitability deteriorated again after operating and ordinary profit growth resumed in the previous quarter. - FY2019-Q1Operating and ordinary profit growth resumedAnnual report
「As a result, revenue for the first quarter of the fiscal year was ¥9,709 million, up ¥584 million, or 6.4%, from the same quarter of the previous year. Operating profit rose ¥32 million, or 15.9%, to ¥234 million, and ordinary profit rose ¥36 million, or 20.3%, to ¥217 million. However, net income attributable to owners of the parent fell ¥48 million, or 66.5%, to ¥24 million, as profit increased at subsidiaries with high non-controlling interests.」
Revenue, operating profit and ordinary profit increased year on year, improving at the operating and ordinary profit levels from the decline in the previous fiscal year. However, net income attributable to owners of the parent declined because of higher profit at subsidiaries with high non-controlling interests. - FY2018-Q3RestatedAnnual report
「As a result, revenue for the first 9 months of the fiscal year was ¥28,976 million, up ¥1,108 million, or 4.0%, from the same period of the previous year. Operating profit fell ¥432 million, or 27.8%, to ¥1,121 million, ordinary profit fell ¥394 million, or 27.5%, to ¥1,037 million, and net income attributable to owners of the parent fell ¥383 million, or 50.8%, to ¥371 million, due mainly to the impact of the write-down of deferred tax assets following tax reforms in the United States.」
Revenue rose 4.0%, while operating profit fell 27.8%, ordinary profit fell 27.5% and net income attributable to owners of the parent fell 50.8%. Earnings continued to be pressured by production preparation costs and higher market prices for raw materials, while net income was also affected by the write-down of deferred tax assets following U.S. tax reform. - FY2018-Q2RestatedAnnual report
「As a result, revenue for the first 6 months of the fiscal year was ¥18,877 million, up ¥359 million, or 1.9%, from the same period of the previous year. Operating profit fell ¥427 million, or 43.8%, to ¥548 million, ordinary profit fell ¥262 million, or 34.7%, to ¥492 million, and net income attributable to owners of the parent fell ¥132 million, or 38.7%, to ¥210 million.」
Revenue rose 1.9%, while operating profit, ordinary profit and net income attributable to owners of the parent declined year on year. Earnings continued to be pressured by production preparation costs and higher market prices for raw materials. - FY2018-Q1WorsenedAnnual report
「As a result, revenue for the first quarter of the fiscal year was ¥9,125 million, down ¥79 million, or 0.9%, from the same quarter of the previous year. Operating profit fell ¥290 million, or 59.0%, to ¥202 million, ordinary profit fell ¥132 million, or 42.3%, to ¥180 million, and net income attributable to owners of the parent fell ¥70 million, or 49.2%, to ¥72 million.」
Unlike the profit growth from cost improvements and other measures reported through the previous quarter, operating profit, ordinary profit and net income attributable to owners of the parent declined year on year in the first quarter. The company cites higher production preparation costs in the United States and rising raw material prices as contributing factors. - FY2017-Q3RestatedAnnual report
「Segment profit, or operating profit, increased due to the results of cost-improvement activities and declines in raw material and energy prices.」
Although consolidated revenue, operating profit, ordinary profit and net income attributable to owners of the parent declined year on year, segment profit in the powder metallurgy products business increased due to cost-improvement activities and lower raw material and energy prices. - FY2017-Q2RestatedAnnual report
「Segment profit, or operating profit, increased due to the results of cost-improvement activities and declines in raw material and energy prices.」
Although consolidated revenue and operating profit declined, cost-improvement activities and lower raw material and energy prices contributed to higher segment profit in the powder metallurgy products business. The company indicates that the factors driving earnings improvement are continuing. - FY2017-Q1RestatedAnnual report
「As a result, revenue for the first quarter of the fiscal year was ¥9,204 million, down ¥254 million, or 2.7%, from the same quarter of the previous year. Operating profit rose ¥121 million, or 32.7%, to ¥492 million, reflecting the results of cost-improvement activities and declines in raw material prices. Ordinary profit, however, fell ¥38 million, or 10.9%, to ¥313 million, due mainly to higher foreign exchange losses resulting from the stronger yen. Net income attributable to owners of the parent fell ¥3 million, or 2.5%, to ¥142 million.」
Revenue fell 2.7% year on year, but operating profit rose 32.7% due to cost-improvement activities and lower raw material prices. Ordinary profit and net income attributable to owners of the parent declined because of higher foreign exchange losses resulting from the stronger yen. - FY2016First statedAnnual report
「Against this backdrop, the group's performance for the consolidated fiscal year was as follows. Revenue edged up 1.6% year on year to ¥38,447 million, while operating profit rose 90.2% to ¥2,244 million, ordinary profit increased 72.6% to ¥2,029 million and net income attributable to owners of the parent increased 82.4% to ¥1,002 million. Earnings benefited from the contribution of new product launches, mainly overseas, the establishment of a highly efficient domestic production system, cost improvements from loss-reduction activities, and lower energy costs resulting from declines in raw material prices and crude oil prices.」
The company states that new product launches, a highly efficient production system, loss-reduction activities and lower raw material and energy costs contributed to earnings for the period.