Net Sales, Profit and ROE: Track Record of Improvement
First written in FY2021. 4 of 20 entries say "Advanced", first in FY2024-Q1. Latest entry: 2026-08-06.
- 2026-08-06OtherFinancial Results Presentation
「Revenue up, but profit down year on year」
In the first quarter, net sales increased 4.0% year on year to ¥7,392 million, while operating income declined 44.9% and net income attributable to owners of the parent declined 49.1%. - FY2026Revenue up, profit down, ROE lowerAnnual report
「Revenue was ¥29,042 million, up 2.0% year on year. Operating profit was ¥1,830 million, down 2.8%, ordinary profit was ¥1,803 million, down 2.1%, and net income attributable to owners of the parent was ¥1,220 million, down 2.7%.」
Revenue increased, while operating profit, ordinary profit and net income attributable to owners of the parent declined. ROE was 8.3%, down 0.9 percentage points from the previous fiscal year. - FY2026-H1Revenue up, operating profit slightly higher, ordinary profit up, net income downAnnual report
「Under these conditions, for the current interim consolidated accounting period, the Group's consolidated revenue was ¥14,027 million, up 3.3% year on year. Key factors behind the increase included higher demand for decorative faucets in the non-residential sector, including hotels and restaurants, increased sales of ultra-fine bubble-related products, and increased sales of the pre-rinse faucet Prepash+, released last year, including the addition of 2 decorative models this fiscal year. Earnings were as follows: • Operating profit: ¥667 million (up 0.7% year on year) • Ordinary profit: ¥695 million (up 13.1% year on year) • Interim net income attributable to owners of the parent: ¥440 million (down 6.1% year on year)」
In the current interim period, revenue increased 3.3% year on year, operating profit increased 0.7%, and ordinary profit increased 13.1%, while interim net income attributable to owners of the parent fell 6.1%. The Company explains that earnings were broadly flat due to persistently high raw material costs and the recognition of one-off expenses. - FY2025Record-high revenue and lower earningsAnnual report
「Despite sluggish demand caused by the downturn in the housing market, revenue reached a record high of ¥28,465 million, up 3.4% year on year. However, raw material and procurement prices rose more than expected due to sharp exchange-rate fluctuations and other factors, while costs related to the 70th anniversary of the Company's founding temporarily increased. Operating profit was ¥1,883 million, down 4.6%, and ordinary profit was ¥1,842 million, down 6.7%.」
Revenue reached a record high, increasing 3.4% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent declined. The ordinary profit margin was 6.5% and ROE was 9.2%. - FY2025-H1Higher revenue and lower earningsAnnual report
「As a result, for the current interim consolidated accounting period, the Group's consolidated revenue remained firm at ¥13,581 million, up 3.1% year on year, driven by expanded sales of high-performance and high-value-added products, particularly ultra-fine bubble products and mixer faucets for vanity units, as well as the adoption of revised selling prices. However, demand remained sluggish due to the downturn in the housing market. On the earnings side, raw material and procurement prices rose more than expected due to sharp exchange-rate fluctuations, and costs related to the 70th anniversary of the Company's founding temporarily increased. Operating profit was ¥662 million, down 10.8%, ordinary profit was ¥615 million, down 16.8%, and interim net income attributable to owners of the parent was ¥469 million, down 3.4%.」
Revenue increased 3.1% due to expanded sales of high-performance and high-value-added products and the adoption of revised selling prices, but operating profit fell 10.8% and ordinary profit fell 16.8% due to higher raw material and procurement prices caused by exchange-rate fluctuations and a temporary increase in costs related to the 70th anniversary of the Company's founding. - FY2024AdvancedAnnual report
「Revenue remained firm, supported both by the adoption of revised selling prices and increased sales through existing distribution channels, reaching ¥27,532 million, up 3.6% year on year. Increased sales of high-performance and high-value-added products, together with efforts to improve production efficiency, resulted in operating profit of ¥1,975 million, up 117.9%, ordinary profit of ¥1,973 million, up 117.8%, and net income attributable to owners of the parent of ¥1,348 million, up 113.9%.」
Revenue increased 3.6% year on year, operating profit increased 117.9%, ordinary profit increased 117.8%, and net income attributable to owners of the parent increased 113.9%, representing a substantial improvement from the previous period of declining profit. The ordinary profit margin was 7.2% and ROE was 10.8%. - FY2024-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter of the current fiscal year, the Group's consolidated revenue remained firm, supported both by the adoption of revised selling prices and increased sales through existing distribution channels, reaching ¥20,364 million, up 4.5% year on year. Increased sales of high-performance and high-value-added products, together with efforts to improve production efficiency, resulted in operating profit of ¥1,473 million, up 216.3%, ordinary profit of ¥1,458 million, up 223.9%, and net income attributable to owners of the parent of ¥971 million, up 231.0%, representing substantial profit growth.」
The adoption of revised selling prices, increased sales through existing distribution channels, higher revenue from high-value-added products and improved production efficiency resulted in revenue growth of 4.5% year on year, operating profit growth of 216.3%, ordinary profit growth of 223.9%, and net income attributable to owners of the parent growth of 231.0%. - FY2024-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter of the current fiscal year, the Group's consolidated revenue was ¥13,170 million, up 4.2% year on year. As the revisions to the manufacturers' suggested retail prices for some products implemented from April 2022 had taken full effect, operating profit was ¥743 million, up 614.6%, ordinary profit was ¥739 million, up 728.0%, and net income attributable to owners of the parent was ¥485 million, compared with a net loss attributable to owners of the parent of ¥32 million in the same period of the previous year.」
First-half revenue increased 4.2% year on year, operating profit and ordinary profit rose substantially, and net income attributable to owners of the parent moved from a loss in the same period of the previous year to a profit. The filing explicitly identifies the adoption of revised selling prices as a factor behind the improvement in profit. - FY2024-Q1AdvancedAnnual report
「As a result, for the first quarter of the current fiscal year, the Group's consolidated revenue was ¥6,811 million, up 6.0% year on year. The revisions to the manufacturers' suggested retail prices for some products implemented from April 2022 had taken full effect, resulting in operating profit of ¥296 million, up 202.4%, ordinary profit of ¥301 million, up 212.6%, and net income attributable to owners of the parent of ¥209 million, up 485.4%.」
Revenue increased 6.0% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent all improved substantially. The filing explicitly identifies the adoption of revised selling prices as a factor behind the improvement in profit. - FY2023Revenue up, profit down, ROE lowerAnnual report
「Revenue was ¥26,564 million, up 15.5% year on year. Operating profit was ¥906 million, down 38.6%, ordinary profit was ¥906 million, down 39.3%, and net income attributable to owners of the parent was ¥630 million, down 36.9%.」
Revenue increased substantially, while operating profit, ordinary profit and net income attributable to owners of the parent declined. The ordinary profit margin was 3.4% and ROE was 5.4%, both lower than in the previous fiscal year. - FY2023-Q3Revenue up, profit decline continuesAnnual report
「Revenue was ¥19,489 million, up 14.3% year on year, due to efforts to strengthen sales of high-value-added products, including the Design Faucet Series and high-performance products, as well as the transfer of 水生活製作所 and 美山鋳造株式会社 from equity-method affiliates to consolidated subsidiaries. Raw material and procurement prices rose more than expected amid the rapid depreciation of the yen and soaring prices, and temporary increases in advertising expenses to raise awareness of the Company also weighed on earnings. Operating profit was ¥465 million, down 58.9%, ordinary profit was ¥450 million, down 60.9%, and net income attributable to owners of the parent was ¥293 million, down 61.5%.」
For the cumulative third quarter, revenue increased 14.3% year on year, while operating profit fell 58.9%, ordinary profit fell 60.9%, and net income attributable to owners of the parent fell 61.5%. The filing cites soaring raw material and procurement prices and a temporary increase in advertising expenses as factors behind the decline in profit. - FY2023-Q2Revenue up, profit sharply lower, quarterly lossAnnual report
「As a result, for the cumulative second quarter of the current fiscal year, the Group's consolidated revenue was ¥12,633 million, up 14.2% year on year, due to efforts to strengthen sales of high-value-added products, including the Design Faucet Series and high-performance products, as well as the transfer of 水生活製作所 and 美山鋳造株式会社 from equity-method affiliates to consolidated subsidiaries. Raw material and procurement prices rose more than expected amid the rapid depreciation of the yen and soaring prices, and revisions to selling prices were slow to take hold despite efforts to promote them. Operating profit was ¥103 million, down 85.0%, and ordinary profit was ¥89 million, down 87.3%. The Company recorded an extraordinary loss related to the expansion and renovation of its Gifu plant, resulting in a net loss attributable to owners of the parent of ¥32 million, compared with net income attributable to owners of the parent of ¥464 million in the same period of the previous year.」
Revenue increased 14.2% year on year, while operating profit fell 85.0% and ordinary profit fell 87.3%, resulting in a quarterly net loss attributable to owners of the parent of ¥32 million. The filing cites soaring raw material and procurement prices, slow adoption of revised selling prices, and an extraordinary loss related to the expansion and renovation of the Gifu plant as factors. - FY2023-Q1Revenue up, operating profit sharply lowerAnnual report
「As a result, for the first quarter of the current fiscal year, the Group's consolidated revenue was ¥6,423 million, up 15.0% year on year, due to efforts to strengthen sales of high-value-added products, including the Design Faucet Series and high-performance products, as well as the transfer of 水生活製作所 and 美山鋳造株式会社 from equity-method affiliates to consolidated subsidiaries. Although the list prices recommended by manufacturers for some products were revised from April 2022, the revisions to selling prices were slow to take hold and could not fully offset the impact of soaring raw material costs. Operating profit was ¥97 million, down 72.4%, ordinary profit was ¥96 million, down 71.1%, and net income attributable to owners of the parent was ¥35 million, down 83.1%.」
In the first quarter, revenue increased 15.0% year on year, while operating profit fell 72.4%, ordinary profit fell 71.1%, and net income attributable to owners of the parent fell 83.1%. - FY2022Higher Revenue, Lower ProfitAnnual report
「Revenue was ¥22,999 million, up 3.7% year on year. Operating profit was ¥1,477 million, down 8.4%, ordinary profit was ¥1,492 million, down 6.3%, and net income attributable to owners of the parent was ¥999 million, down 0.1%.」
Revenue increased, while operating profit, ordinary profit and net income attributable to owners of the parent declined. The ordinary profit margin was 6.5% and ROE was 9.2%. - FY2022-Q3RestatedAnnual report
「As a result, the Group's consolidated results for the cumulative third quarter ended period under review were sales of ¥17,049 million, up 6.3% year on year. In terms of earnings, severe cost conditions continued due to prolonged price increases for copper alloys and aluminum ingots, a yen depreciation trend in exchange rates, and higher ocean freight rates, but operating profit was ¥1,135 million, up 5.2% year on year, ordinary profit was ¥1,152 million, up 8.1%, and net income attributable to owners of the parent was ¥761 million, up 16.3%, due to higher sales and initiatives to improve productivity, among other factors.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent for the cumulative third quarter all exceeded the same period of the previous year. - FY2022-Q2RestatedAnnual report
「Revenue was ¥11,058 million, up 6.7% year on year. Although cost conditions remained challenging due to more than six months of rising prices for copper alloys and aluminum ingots, a weaker yen and higher ocean freight rates, efforts to increase revenue and improve productivity resulted in operating profit of ¥692 million, up 6.6%, ordinary profit of ¥705 million, up 7.4%, and net income attributable to owners of the parent of ¥464 million, up 1.5%.」
First-half revenue, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2022-Q1RestatedAnnual report
「As a result, for the first quarter of the current fiscal year, the Group's consolidated revenue was ¥5,587 million. Operating profit was ¥354 million, ordinary profit was ¥333 million, and net income attributable to owners of the parent was ¥211 million, due mainly to increased revenue and improved productivity.」
First-quarter revenue was ¥5,587 million, operating profit was ¥354 million, ordinary profit was ¥333 million, and net income attributable to owners of the parent was ¥211 million. No year-on-year comparison was made because financial statements for the same quarter of the previous year were unavailable. - FY2021First statedAnnual report
「Revenue was ¥22,182 million, up 3.9% year on year. Operating profit was ¥1,612 million, up 48.1%, ordinary profit was ¥1,593 million, up 45.4%, and net income attributable to owners of the parent was ¥1,000 million, up 37.7%.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the previous fiscal year, while ROE was 10.3%.