Profit Decline Due to One-Time Payments and Capital Investment in Korea
First written in FY2017-Q2. 2 of 6 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2018DroppedAnnual reportThe current-period explanation of Korean performance cites weakness in demand from the IT-related industry and lower profit, but does not mention the one-time labor-cost payments recognized in the previous fiscal year.
- FY2018-Q3MitigatedAnnual report
「In Korea, demand from the automotive-related industry was flat and demand from the IT-related industry was weak, resulting in lower revenue, but profit increased because one-time labor-cost payments recognized in the same period of the previous year no longer occurred, among other factors.」
Although weakness in automotive- and IT-related demand remains in Korea, profit increased as the one-time labor-cost payments recognized in the same period of the previous year no longer occurred. - FY2018-Q2MitigatedAnnual report
「In Korea, demand from the automotive-related industry was flat and demand from the IT-related industry was weak, resulting in lower revenue, but profit increased because one-time labor-cost payments recognized in the same period of the previous year no longer occurred, among other factors.」
Although weakness in demand from the IT-related industry remains in Korea, the one-time labor-cost payments incurred in the same period of the previous year no longer occurred, resulting in higher profit and mitigating the previous risk of one-time payment burdens. - FY2017RestatedAnnual report
「In Korea, business with the automotive-related industry remained firm, while business with the IT-related industry was weak, leaving overall performance broadly flat. Across the Asia segment, revenue increased from the previous fiscal year as sales rose, led by core taps, but operating profit declined due to the impact of one-time labor-cost payments and other items in Korea.」
The recognition of one-time labor-cost payments and other items in Korea is cited as a factor behind the decline in full-year operating profit in the Asia segment. - FY2017-Q3RestatedAnnual report
「Across the Asia segment, revenue increased year on year as sales of carbide drills rose in addition to those of core taps, but operating profit declined due to the impact of one-time labor-cost payments and other items in Korea.」
The recognition of one-time labor-cost payments and other items in Korea continues to be cited as a factor behind the decline in operating profit. - FY2017-Q2MaterialisedAnnual report
「Although revenue increased in Korea, profit declined due to the impact of higher depreciation expenses from capital investment and the recognition of one-time payments resulting from a review and recalculation of overtime allowances and other items.」
It is stated for the first time that higher depreciation expenses associated with capital investment and the recognition of one-time payments and other items in Korea resulted in lower profit despite higher revenue.