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Estic (6161) · FactLower margins due to a higher proportion of low-margin products

Profit Boost from High-Margin Products

First written in FY2018-Q3. 8 of 18 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.

18entries
9years
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018-Q3AdvancedFY2020-Q2 – FY2022-Q3OtherFY2024-Q3 – FY20262018: 120182019: 120192020: 120202021: 220212022: 320222023: 420232024: 420242025: 120252026: 12026
Same theme, other companies
Profit Improvement through High-Value-Added Product Sales and Production Efficiency ImprovementsA theme 60 companies write about · 1 as a headwind · 62 as a tailwind

3 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 60 companies compared. The sentences above are computed from all 60.
Full recordFilings, disclosures and news, newest first
  1. FY2026Lower margins due to a higher proportion of low-margin productsAnnual report

    「As revenue from the nutrunner and hand nutrunner products declined, the sales mix shifted toward the relatively low-margin screw fastening equipment products, resulting in operating profit of ¥1,574 million, down 3.8% year on year, and an operating margin of 19.6% (20.8% in the previous fiscal year).」

    The operating margin declined from 20.8% to 19.6% because revenue from the relatively high-margin nutrunner and hand nutrunner products declined, increasing the proportion of the relatively low-margin screw fastening equipment products.
  2. FY2026-H1Profit pressure from higher costs and failure to meet the planAnnual report

    「Profit performance was as follows. In addition to sales falling below the initial plan, the cost ratio increased due to higher raw material prices and labor expenses, while selling, general and administrative expenses also increased, resulting in operating profit of ¥579 million, down 7.1% year on year, and an operating margin of 16.5% (16.5% in the same period of the previous year).」

    The factors that had previously driven profit growth through contributions from high-margin product sales were offset by the failure to meet the plan, higher raw material prices and labor expenses, and increased SG&A expenses. The operating margin was unchanged at 16.5% from the same period of the previous year.
  3. FY2025-H1Decline in margins due to a higher proportion of low-margin productsAnnual report

    「Profit performance was as follows, reflecting the increased sales mix of the relatively low-margin screw fastening equipment products: operating profit of ¥623 million, down 5.5% year on year; an operating margin of 16.5% (20.3% in the same period of the previous year); ordinary profit of ¥655 million, down 5.0% year on year; and an ordinary margin of 17.3% (21.2% in the same period of the previous year).」

    The operating margin declined from 20.3% to 16.5% and the ordinary margin from 21.2% to 17.3% due to the increased sales mix of the relatively low-margin screw fastening equipment products.
  4. FY2025-Q1Decline in operating margin due to weak sales of major productsAnnual report

    「Due to weak sales of the nutrunner, hand nutrunner and screw fastening equipment products, operating profit declined 39.0% year on year to ¥164 million, and the operating margin was 12.9% (17.2% in the same period of the previous year).」

    The operating margin declined from 17.2% in the same period of the previous year to 12.9% due to weak sales of major products.
  5. FY2024Decline in operating marginAnnual report

    「Profit performance was as follows. Although fixed costs, including labor expenses, increased, sales increased as sales of the hand nutrunner and nutrunner products remained firm, resulting in operating profit of ¥1,490 million, up 0.4% year on year; an operating margin of 20.9% (22.1% in the previous fiscal year); ordinary profit of ¥1,550 million, up 1.1% year on year; and an ordinary margin of 21.8% (22.8% in the previous fiscal year).」

    Although profit increased on firm sales of high-margin products, the operating margin declined from 22.1% to 20.9% due to higher fixed costs, including labor expenses.
  6. FY2024-Q3Decline in operating margin due to higher labor expensesAnnual report

    「The gross margin increased as sales of the relatively high-margin nutrunner and hand nutrunner products remained firm, but operating profit declined 0.7% year on year to ¥1,026 million due to higher labor expenses, and the operating margin was 21.4% (22.5% in the same period of the previous year).」

    The gross margin increased on firm sales of high-margin products, but operating profit declined 0.7% year on year and the operating margin also decreased due to higher labor expenses.
  7. FY2024-Q2AdvancedAnnual report

    「Profit performance was as follows, reflecting firm sales of the relatively high-margin nutrunner and hand nutrunner products: operating profit of ¥659 million, up 21.7% year on year; an operating margin of 20.3% (19.2% in the same period of the previous year); ordinary profit of ¥690 million, up 19.9% year on year; and an ordinary margin of 21.2% (20.4% in the same period of the previous year).」

    Sales of the relatively high-margin nutrunner and hand nutrunner products remained firm, driving the operating margin up from 19.2% in the same period of the previous year to 20.3% and the ordinary margin up from 20.4% to 21.2%.
  8. FY2024-Q1Lower gross margins due to higher procurement costs and personnel expensesAnnual report

    「Sales of the relatively high-margin nutrunner and hand nutrunner products remained firm, but the gross margin declined due to higher procurement costs and labor expenses,」

    Sales of high-margin products remained firm, but the gross margin declined from the equivalent of 46.7% in the same period of the previous year due to higher procurement costs and labor expenses, while the operating margin declined from 20.0% to 17.2%.
  9. FY2023AdvancedAnnual report

    「Although fixed costs, including personnel expenses, increased, higher sales resulting from firm sales of hand nut runners and nut runners led to higher revenue. Operating profit was ¥1,484 million, up 32.5% from the previous period, with an operating margin of 22.1% (19.5% in the previous period), while ordinary profit was ¥1,534 million, up 28.1%, with an ordinary profit margin of 22.8% (20.8% in the previous period).」

    Against a backdrop of firm sales of the relatively high-margin hand nut runners and nut runners, the operating margin increased from 19.5% to 22.1%.
  10. FY2023-Q3AdvancedAnnual report

    「As sales of the relatively high-margin nut runners and hand nut runners remained firm, the gross profit margin increased, and operating profit was ¥1,034 million, up 9.8% year on year, with an operating margin of 22.5% (21.5% in the same period of the previous year).」

    Firm sales of the relatively high-margin nut runners and hand nut runners lifted the operating margin from 21.5% in the same period of the previous year to 22.5%.
  11. FY2023-Q2High-margin products firm; slight increase in gross marginAnnual report

    「As sales of the relatively high-margin nut runners and hand nut runners remained firm, the gross profit margin increased slightly. However, due to higher personnel expenses, operating profit was ¥541 million, down 7.1% year on year, and the operating margin was 19.2% (20.8% in the same period of the previous year).」

    Sales of the relatively high-margin nut runners and hand nut runners remained firm, resulting in a slight increase in the gross profit margin. However, higher personnel expenses caused operating profit and the operating margin to fall below the previous year.
  12. FY2023-Q1Some high-margin products sluggishAnnual report

    「The gross profit margin declined as sales of the relatively high-margin nut runners remained sluggish,」

    Sales of the relatively high-margin nut runners became sluggish, and the gross profit margin declined from 25.3% in the same period of the previous year to 20.0%.
  13. FY2022-Q3AdvancedAnnual report

    「The gross profit margin increased as sales of the relatively high-margin nut runners and hand nut runners remained firm」

    Firm sales of the relatively high-margin nut runners and hand nut runners lifted the gross profit margin from 19.1% in the same period of the previous year to 21.5%.
  14. FY2022-Q2AdvancedAnnual report

    「The gross profit margin increased as sales of the relatively high-margin nut runners and hand nut runners remained firm」

    The filing states that firm sales of the relatively high-margin nut runners and hand nut runners lifted the gross profit margin from 17.7% in the same period of the previous year to 20.8%.
  15. FY2022-Q1AdvancedAnnual report

    「The gross profit margin increased as sales of the relatively high-margin nut runners and hand nut runners remained firm,」

    The filing states that firm sales of the relatively high-margin nut runners and hand nut runners contributed to the increase in the gross profit margin.
  16. FY2020AdvancedAnnual report

    「Hand nut runners and nut runners achieved slight year-on-year improvements in gross margin, while screw fastening equipment achieved a significant year-on-year improvement, resulting in a higher gross profit margin.」

    Gross margins improved for hand nut runners and nut runners, while screw fastening equipment achieved a significant improvement, resulting in a higher gross profit margin year on year.
  17. FY2020-Q2AdvancedAnnual report

    「Although fixed costs increased due to increased staffing, the increase in sales and improved margins on screw fastening equipment also contributed, with each profit figure exceeding budget and each profit margin remaining broadly in line with the previous year.」

    The filing states that improved margins on screw fastening equipment, together with higher sales, contributed to each profit figure exceeding budget.
  18. FY2018-Q3First statedAnnual report

    「Profit significantly exceeded the initial plan, as high-margin nut runners and hand nut runners remained firm.」

    The filing explains that firm sales of nut runners and hand nut runners were a factor in profit significantly exceeding the initial plan.
Moved together

"Significant Increase in Net Sales and Profit" moved the same way as this thread, in the same document, in 7 of its 18 moves.

765444★123456
  1. ★This thread
  2. 1Significant Increase in Net Sales and Profit7×
  3. 2North American market development through a U.S. subsidiary6×
  4. 3Growing demand for airless, electric hand nut runners5×
  5. 4Risk of Yen Appreciation and U.S. Dollar Exchange Rate Fluctuations4×
  6. 5Expanding Sales in the Thai and Mexican Markets4×
  7. 6Dependence on Specific Customers and Large Projects in the U.S. Market4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Estic's next results are scheduled for 2026-10-29. Read the earnings preview
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Profit Boost from High-Margin Products | ESTIC CORPORATION (6161) | Komori