Establishing a Stable Earnings Base and Reinstating Dividends
First written in FY2016. 26 of 40 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-09.
The whole theme swung hardest in 2017: 3 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Strengthening earnings capacity remains an issue in making continuous and stable dividend payments. To establish a stable management base, our group will work to expand orders through product development that meets customer needs, thoroughly reduce costs through more efficient management, and improve quality through the enhancement and transfer of technical expertise. We aim to strengthen our earnings capacity and continuously return profits to shareholders through dividends.」
The policy of maintaining a stable management base, strengthening earnings capacity and making continuing returns to shareholders remained unchanged. For the fiscal year, net sales were ¥18.473 billion, operating profit was ¥1.306 billion, ordinary profit was ¥1.186 billion, and net income attributable to owners of the parent was ¥637 million, indicating progress in full-year earnings. - FY2026-H1AdvancedAnnual report
「As net sales increased, operating profit rose to ¥468 million (up 46.6% year on year) and ordinary profit to ¥423 million (up 36.8%). However, under extraordinary losses, the company recorded ¥155 million in share-based compensation expense following the introduction of a share-based compensation plan for directors. As a result, interim net income attributable to owners of the parent was ¥137 million (down 36.2%).」
Operating profit and ordinary profit increased year on year, while interim net income attributable to owners of the parent declined because the company recorded ¥155 million in share-based compensation expense. Progress in operating and ordinary earnings toward establishing a stable profitable base was confirmed, but overall profit performance was uneven. - FY2025AdvancedAnnual report
「Strengthening earnings capacity remains an issue in making continuous and stable dividend payments. To establish a stable management base, our group will work to expand orders through product development that meets customer needs, thoroughly reduce costs through more efficient management, and improve quality through the enhancement and transfer of technical expertise. We aim to strengthen our earnings capacity and continuously return profits to shareholders through dividends.」
The policy of maintaining a stable management base and strengthening earnings capacity remained unchanged. For the fiscal year, net sales were ¥16.203 billion, operating profit was ¥692 million, ordinary profit was ¥646 million, and net income attributable to owners of the parent was ¥423 million, representing substantial improvement from the previous fiscal year. - FY2025-H1AdvancedAnnual report
「As net sales increased and the cost ratio improved, operating profit was ¥319 million (up 363.3% year on year), ordinary profit was ¥309 million (up 346.8%), and interim net income attributable to owners of the parent was ¥215 million (up 458.4%).」
On an interim basis, operating profit, ordinary profit and interim net income attributable to owners of the parent increased substantially from the same period of the previous year. The company identified higher net sales and an improved cost ratio as factors, confirming progress in earnings toward establishing a stable profitable base. However, no dividend resumption was reported. - FY2024-Q3WorsenedAnnual report
「Due to lower net sales and higher selling, general and administrative expenses, operating profit fell to ¥2 million (down 98.4% year on year) and ordinary profit to ¥7 million (down 94.9%). Quarterly net income attributable to owners of the parent turned to a loss of ¥25 million (net income attributable to owners of the parent of ¥110 million in the same period of the previous year).」
Operating profit and ordinary profit declined substantially from the same period of the previous year, while quarterly net income attributable to owners of the parent turned from a profit to a loss of ¥25 million. Earnings deteriorated relative to the goals of maintaining a stable profitable base and resuming dividends. - FY2024-Q2AdvancedAnnual report
「As net sales increased, operating profit was ¥68 million (up 78.9% year on year), ordinary profit was ¥69 million (up 35.6%), and quarterly net income attributable to owners of the parent was ¥38 million (up 25.3%).」
In the six months ended the second quarter, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased year on year, and the company remained profitable. Progress in earnings toward establishing a stable profitable base was confirmed. No dividend resumption was reported. - FY2024-Q1WorsenedAnnual report
「The operating loss was ¥37 million (operating profit of ¥20 million in the same period of the previous year), the ordinary loss was ¥27 million (ordinary profit of ¥26 million), and the quarterly net loss attributable to owners of the parent was ¥41 million (quarterly net income attributable to owners of the parent of ¥19 million).」
In the first quarter, operating profit, ordinary profit and quarterly net income attributable to owners of the parent turned from profits in the same period of the previous year to losses of ¥37 million, ¥27 million and ¥41 million, respectively. Earnings deteriorated relative to the goals of establishing a stable profitable base and resuming dividends. - FY2023AdvancedAnnual report
「The group’s orders for the consolidated fiscal year were ¥14.113 billion (down 10.7% from the previous consolidated fiscal year), and net sales were ¥12.593 billion (up 4.2%). In terms of earnings, net sales increased as orders for paper-converting machinery and contract manufacturing rose. Operating profit increased with net sales to ¥207 million (up 14.3% from the previous consolidated fiscal year). Ordinary profit was ¥217 million (up 9.2%), and net income attributable to owners of the parent was ¥167 million (up 16.5%).」
The policy of aiming to resume dividends remains unchanged. Net sales, operating profit, ordinary profit and net income attributable to owners of the parent all increased, and earnings improved over the full year. However, no dividends were paid for the fiscal year, so dividends have not yet been resumed. - FY2023-Q3AdvancedAnnual report
「Overall net sales increased, mainly because sales of contract manufacturing increased. As a result, the group’s operating profit was ¥134 million (¥70 million in the same period of the previous year), ordinary profit was ¥152 million (¥92 million), and quarterly net income attributable to owners of the parent was ¥110 million (¥86 million).」
Operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased from the same period of the previous year, and the company remained profitable. Quarterly earnings continued to improve toward establishing a stable profitable base, but no dividend resumption was reported. - FY2023-Q2AdvancedAnnual report
「As net sales increased, operating profit was ¥38 million (operating loss of ¥7 million in the same period of the previous year). Ordinary profit was ¥51 million (ordinary loss of ¥9 million), mainly because the company recorded ¥20 million in subsidy income, and quarterly net income attributable to owners of the parent was ¥30 million (quarterly net loss attributable to owners of the parent of ¥5 million).」
Operating profit, ordinary profit and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year to profits of ¥38 million, ¥51 million and ¥30 million, respectively. Profitability improved on a cumulative quarterly basis, but no dividend resumption was reported. - FY2023-Q1AdvancedAnnual report
「As net sales increased, operating profit was ¥20 million (operating loss of ¥46 million in the same period of the previous year), ordinary profit was ¥26 million (ordinary loss of ¥41 million), and quarterly net income attributable to owners of the parent was ¥19 million (quarterly net loss attributable to owners of the parent of ¥18 million).」
In the first quarter, operating profit, ordinary profit and quarterly net income attributable to owners of the parent turned from losses in the same period of the previous year to profits of ¥20 million, ¥26 million and ¥19 million, respectively. A return to profitability on a quarterly basis was confirmed as the company moved toward establishing a stable profitable base. No dividend resumption was reported. - FY2022-Q3AdvancedAnnual report
「Although sales of paper-converting machinery declined, sales of contract manufacturing and defense equipment increased, resulting in an overall increase in net sales. The group’s operating profit was ¥70 million (operating loss of ¥184 million in the same period of the previous year), ordinary profit was ¥92 million (ordinary loss of ¥183 million), and quarterly net income attributable to owners of the parent was ¥86 million (quarterly net loss attributable to owners of the parent of ¥217 million).」
In the nine months ended the third quarter, operating profit was ¥70 million, ordinary profit was ¥92 million, and quarterly net income attributable to owners of the parent was ¥86 million, with all three turning profitable from operating, ordinary and net losses in the same period of the previous year. Specific earnings improvement toward establishing a stable profitable base was confirmed, but no dividend resumption was reported. - FY2022-Q2AdvancedAnnual report
「Although sales of paper-converting machinery declined, sales of contract manufacturing and defense equipment increased, resulting in an overall increase in net sales. The group’s operating loss was ¥7 million (operating loss of ¥136 million in the same period of the previous year), the ordinary loss was ¥9 million (ordinary loss of ¥147 million), and the quarterly net loss attributable to owners of the parent was ¥5 million (quarterly net loss attributable to owners of the parent of ¥176 million).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed substantially from the same period of the previous year. However, operating, ordinary and net income remained negative in the six months ended the second quarter, and the goals of maintaining a stable profitable base and resuming dividends have not been achieved. - FY2022-Q1WorsenedAnnual report
「As net sales declined, the operating loss was ¥46 million (operating loss of ¥6 million in the same period of the previous year), the ordinary loss was ¥41 million (ordinary loss of ¥8 million), and the quarterly net loss attributable to owners of the parent was ¥18 million (quarterly net loss attributable to owners of the parent of ¥38 million).」
Although the quarterly net loss attributable to owners of the parent narrowed from the same period of the previous year, the operating loss and ordinary loss widened. Overall, earnings deteriorated relative to the goals of establishing a stable profitable base and resuming dividends. - FY2021WorsenedAnnual report
「Our group recognizes that securing a stable management base even in this environment is one of its strengths. At the same time, strengthening earnings capacity remains an issue as we work toward resuming dividend payments.」
The company recognized that it had secured a stable management base, while continuing to identify stronger earnings capacity as an issue on the path to resuming dividends. Operating profit fell 20.7% and net income attributable to owners of the parent fell 16.8% from the previous fiscal year, and no dividends were paid for the fiscal year. - FY2021-Q3WorsenedAnnual report
「Earnings deteriorated from the same period of the previous year, mainly because sales declined in the contract manufacturing and defense equipment segments. The operating loss was ¥184 million (operating loss of ¥24 million in the same period of the previous year), the ordinary loss was ¥183 million (ordinary loss of ¥42 million), and the quarterly net loss attributable to owners of the parent was ¥217 million (quarterly net loss attributable to owners of the parent of ¥70 million).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year. The company has not yet established a stable profitable base or resumed dividends. - FY2021-Q2WorsenedAnnual report
「Although sales of paper-converting machinery increased, sales of contract manufacturing, defense equipment and other products declined, resulting in an overall decrease in net sales. The group’s operating loss was ¥136 million (operating loss of ¥120 million in the same period of the previous year), the ordinary loss was ¥147 million (ordinary loss of ¥135 million), and the quarterly net loss attributable to owners of the parent was ¥176 million (quarterly net loss attributable to owners of the parent of ¥180 million).」
Although sales of paper-converting machinery increased, overall sales declined because sales of contract manufacturing, defense equipment and other products fell. The operating loss and ordinary loss widened from the same period of the previous year, while the quarterly net loss attributable to owners of the parent narrowed slightly. A stable profitable base has not yet been established. - FY2021-Q1AdvancedAnnual report
「As various expenses, including travel expenses, declined within selling, general and administrative expenses, the operating loss was ¥6 million (operating loss of ¥47 million in the same period of the previous year), the ordinary loss was ¥8 million (ordinary loss of ¥48 million), and the quarterly net loss attributable to owners of the parent was ¥38 million (quarterly net loss attributable to owners of the parent of ¥63 million).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. The company cited lower expenses, including travel expenses, within selling, general and administrative expenses as a factor, but has not yet returned to profitability or resumed dividends. - FY2020WorsenedAnnual report
「To establish a stable management base, our group will work to expand orders through product development that meets customer needs, thoroughly reduce costs through more efficient management, and improve quality through the enhancement and transfer of technical expertise, thereby strengthening our earnings capacity and aiming to resume dividend payments.」
The goals of maintaining a stable management base and resuming dividends, and the measures of product development, cost reductions and quality improvements, remained unchanged. However, operating profit fell 8.4% and ordinary profit fell 4.4% from the previous fiscal year, and no dividends were paid for the year, so stable earnings and resumed dividends have not been achieved. - FY2020-Q3AdvancedAnnual report
「As the performance of consolidated subsidiaries improved from the same period of the previous year, the operating loss was ¥24 million (operating loss of ¥143 million in the same period of the previous year), the ordinary loss was ¥42 million (ordinary loss of ¥165 million), and the quarterly net loss attributable to owners of the parent was ¥70 million (quarterly net loss attributable to owners of the parent of ¥202 million).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. The company has not yet returned to profitability or resumed dividends, but earnings improved because of factors including better performance at consolidated subsidiaries. - FY2020-Q2AdvancedAnnual report
「Although earnings deteriorated in the paper-converting machinery segment and other businesses because of lower net sales and higher selling, general and administrative expenses, consolidated subsidiaries improved their performance, mainly in the defense equipment and contract manufacturing segments. As a result, the group’s operating loss was ¥120 million (operating loss of ¥207 million in the same period of the previous year), the ordinary loss was ¥135 million (ordinary loss of ¥222 million), and the quarterly net loss attributable to owners of the parent was ¥180 million (quarterly net loss attributable to owners of the parent of ¥206 million).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. However, operating, ordinary and net income remained negative, and the goals of establishing a stable profitable base and resuming dividends have not been achieved. - FY2020-Q1AdvancedAnnual report
「Improved earnings, mainly from higher sales at consolidated subsidiaries, reduced the operating loss to ¥47 million (¥95 million in the same period of the previous year), the ordinary loss to ¥48 million (¥94 million), and the quarterly net loss attributable to owners of the parent to ¥63 million (¥80 million).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. However, the company has not yet established a stable profitable base. - FY2019WorsenedAnnual report
「To establish a stable management base, our group will work to expand orders through product development that meets customer needs, and thoroughly reduce costs and improve quality by further increasing management efficiency, thereby strengthening our earnings capacity and aiming to resume dividend payments.」
The goals of maintaining a stable management base and resuming dividends remain unchanged. However, orders declined 17.8% year on year, net sales fell 15.1%, operating profit fell 38.9%, ordinary profit fell 47.7%, and net income attributable to owners of the parent fell 83.9%, indicating deterioration in earnings. The company nevertheless secured a profit for the full year. - FY2019-Q3WorsenedAnnual report
「Although sales of defense equipment increased because Kanto Aviation Instrument Co., Ltd. was consolidated from the beginning of the period, sales of paper-converting machinery and contract manufacturing declined from the same period of the previous year. As a result, the operating loss was ¥143 million, broadly unchanged (operating loss of ¥148 million in the same period of the previous year). The ordinary loss was ¥165 million (ordinary loss of ¥151 million), and the quarterly net loss attributable to owners of the parent was ¥202 million (net income attributable to owners of the parent of ¥243 million in the same period of the previous year, reflecting a ¥383 million gain on the recognition of negative goodwill, among other factors).」
Although the operating loss narrowed slightly year on year, the ordinary loss widened, and quarterly net income attributable to owners of the parent turned from a profit in the same period of the previous year to a loss. A stable profitable base has not yet been established. - FY2019-Q2WorsenedAnnual report
「Although net sales and gross profit increased because Kanto Aviation Instrument Co., Ltd. was consolidated from the beginning of the period, the company could not absorb the increase in selling, general and administrative expenses. The operating loss was ¥207 million (operating loss of ¥140 million in the same period of the previous year), and the ordinary loss was ¥222 million (ordinary loss of ¥140 million). The quarterly net loss attributable to owners of the parent was ¥206 million (net income attributable to owners of the parent of ¥258 million in the same period of the previous year, reflecting a ¥383 million gain on the recognition of negative goodwill, among other factors).」
Although net sales and gross profit increased, the operating loss and ordinary loss widened from the same period of the previous year because the company could not absorb the increase in selling, general and administrative expenses. Quarterly net income attributable to owners of the parent also turned from a profit in the same period of the previous year to a loss of ¥206 million. - FY2019-Q1WorsenedAnnual report
「Although net sales and gross profit increased because Kanto Aviation Instrument Co., Ltd. became a consolidated subsidiary, the company could not absorb the increase in selling, general and administrative expenses. The operating loss was ¥95 million (operating loss of ¥48 million in the same period of the previous year), the ordinary loss was ¥94 million (ordinary loss of ¥39 million), and the quarterly net loss attributable to owners of the parent was ¥80 million (quarterly net loss attributable to owners of the parent of ¥17 million).」
Net sales and gross profit increased following the consolidation of Kanto Aviation Instrument, but the company could not absorb the increase in selling, general and administrative expenses. The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year. Results deteriorated relative to the goal of establishing a stable profitable base. - FY2018-Q3WorsenedAnnual report
「Although net sales increased from the same period of the previous year because Kanto Aviation Instrument Co., Ltd. became a consolidated subsidiary, the operating loss was ¥148 million (operating loss of ¥67 million in the same period of the previous year) and the ordinary loss was ¥151 million (ordinary loss of ¥74 million) because of higher costs, including advisory fees and research and development expenses. Net income attributable to owners of the parent was ¥243 million (quarterly net loss attributable to owners of the parent of ¥99 million in the same period of the previous year), mainly reflecting a ¥383 million gain on the recognition of negative goodwill.」
Although net income attributable to owners of the parent was positive because of the gain on the recognition of negative goodwill, the operating loss widened from ¥67 million to ¥148 million and the ordinary loss from ¥74 million to ¥151 million. Performance deteriorated in terms of establishing a stable profitable base. - FY2018-Q2WorsenedAnnual report
「Although net sales increased from the same period of the previous year because Kanto Aviation Instrument Co., Ltd. became a consolidated subsidiary, the operating loss was ¥140 million (operating loss of ¥122 million in the same period of the previous year) and the ordinary loss was ¥140 million (ordinary loss of ¥127 million) because of higher costs, including advisory fees and research and development expenses. Net income attributable to owners of the parent was ¥258 million (quarterly net loss attributable to owners of the parent of ¥136 million in the same period of the previous year), reflecting a ¥383 million gain on the recognition of negative goodwill.」
Although net sales increased, the operating loss and ordinary loss widened from the same period of the previous year because of higher costs, including advisory fees and research and development expenses. Net income attributable to owners of the parent was positive because of the gain on the recognition of negative goodwill. - FY2018-Q1AdvancedAnnual report
「As the cost ratio improved from the same period of the previous year, the operating loss was ¥48 million (operating loss of ¥87 million in the same period of the previous year), the ordinary loss was ¥39 million (ordinary loss of ¥81 million), and the quarterly net loss attributable to owners of the parent was ¥17 million (quarterly net loss attributable to owners of the parent of ¥84 million).」
Although the company has not yet returned to profitability, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. - FY2017AdvancedAnnual report
「To establish a stable profitable base, our group will work to expand orders by promoting the development of new products that meet customer needs and by anticipating customers’ needs for differentiation. We will also work to further improve management efficiency, reduce costs and thoroughly improve quality, strengthen our corporate foundation by further increasing earnings, and aim to resume dividend payments. Although net sales increased from the previous consolidated fiscal year, the operating profit was ¥152 million (up 72.5% year on year), ordinary profit was ¥134 million (up 81.7%), and net income attributable to owners of the parent was ¥93 million (up 53.8%).」
The goals of maintaining a stable profitable base and resuming dividends remain unchanged. Operating profit, ordinary profit and net income attributable to owners of the parent all increased from the previous fiscal year, and the company remained profitable for the full year. Dividends, however, have not yet been resumed. - FY2017-Q3AdvancedAnnual report
「Although net sales declined from the same period of the previous year, the operating loss was ¥67 million (operating loss of ¥108 million in the same period of the previous year), the ordinary loss was ¥74 million (ordinary loss of ¥121 million), and the quarterly net loss attributable to owners of the parent was ¥99 million (quarterly net loss attributable to owners of the parent of ¥121 million), mainly because the cost ratio improved.」
Although the company has not yet returned to profitability, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent narrowed from the same period of the previous year, mainly because the cost ratio improved. - FY2017-Q2AdvancedAnnual report
「Although net sales declined from the same period of the previous year, the operating loss was ¥122 million (operating loss of ¥161 million in the same period of the previous year), the ordinary loss was ¥127 million (ordinary loss of ¥173 million), and the quarterly net loss attributable to owners of the parent was ¥136 million (quarterly net loss attributable to owners of the parent of ¥170 million), mainly because the cost ratio improved.」
Although the company has not yet returned to profitability, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. - FY2017-Q1AdvancedAnnual report
「Although the company remained in the red, the operating loss was ¥87 million (operating loss of ¥116 million in the same period of the previous year), the ordinary loss was ¥81 million (ordinary loss of ¥116 million), and the quarterly net loss attributable to owners of the parent was ¥84 million (quarterly net loss attributable to owners of the parent of ¥120 million), mainly because the cost ratio improved from the same period of the previous year.」
The company has not yet returned to profitability, but the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year, mainly because the cost ratio improved. - FY2016First statedAnnual report
「To establish a stable profitable base, our group will work to expand orders by promoting the development of new products that meet customer needs and by anticipating customers’ needs for differentiation. We will also work to further improve management efficiency, reduce costs and thoroughly improve quality, strengthen our corporate foundation by further increasing earnings, and aim to resume dividend payments.」
The company explicitly stated its goals of establishing a stable profitable base and resuming dividends. It identified new product development, order expansion, improved management efficiency, cost reductions and quality improvements as the means of achieving them.