Improving profit margins by increasing the sales mix of high value-added products
First written in FY2016. 11 of 35 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
Tacmina moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2025: 3 of 26 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Operating profit increased despite a lower contribution margin, due to lower selling, general and administrative expensesAnnual report
「Gross profit declined to ¥31 million, down 0.6% year on year, as the contribution margin ratio fell with the change in the sales mix. Meanwhile, SG&A expenses increased due in part to ongoing wage increases and proactive investment in sales promotion and research and development, but fees paid to overseas distributors declined. As a result, operating profit increased to ¥1,630 million, up 1.7% year on year.」
The explanation previously cited a higher sales mix of high-value-added products as the main factor. Although gross profit declined due to the lower contribution margin ratio resulting from a change in the sales mix, the decrease in fees paid to overseas distributors contributed to higher operating profit. - 2026-05-11WorsenedEarnings
「利益面につきましては、売上構成の変化に伴い限界利益率が低下し、売上総利益は51億59百万円（同0.6％減）と減少しました。」
前回の限界利益率上昇を主因とする説明から、今回は売上構成の変化に伴う限界利益率低下と売上総利益減少へ変化した。 - FY2026-H1Higher sales increased gross profit and absorbed the increase in SG&A expensesAnnual report
「Higher sales contributed to an increase in gross profit, which rose to ¥2,568 million, up 3.6% year on year. SG&A expenses also increased due to ongoing wage increases, proactive investment in sales promotion and research and development, and other factors, but the increase was absorbed by higher gross profit, resulting in operating profit of ¥800 million, up 3.3% year on year.」
The explanation previously cited a higher sales mix of high-value-added products as the main factor. This time, the company explained that higher sales absorbed the increase in SG&A expenses, increasing gross profit and operating profit. - FY2025AdvancedAnnual report
「The higher contribution margin ratio accompanying the change in the sales mix increased gross profit, and gross profit increased to ¥5,190 million, up 3.9% year on year. SG&A expenses also increased due to wage increases and more active corporate activity, but the increase was absorbed by higher gross profit, resulting in operating profit of ¥1,603 million, up 1.3% year on year.」
The higher contribution margin ratio resulting from the change in the sales mix increased gross profit, which absorbed the increase in SG&A expenses due to wage increases and other factors, resulting in higher operating profit. - FY2024AdvancedAnnual report
「As the impact of higher prices for purchased components and other items was absorbed through higher sales, gross profit increased to ¥514 million, up 11.5% year on year.」
The impact of higher prices for purchased components and other items was absorbed through higher sales, and gross profit increased 11.5% year on year. - FY2024-Q3RestatedAnnual report
「Although the company was affected by soaring prices for purchased components and other items, higher sales absorbed the impact, and gross profit increased to ¥3,545 million, up 14.4% year on year.」
The company reconfirmed that the impact of soaring purchased component prices was absorbed through higher sales, resulting in a 14.4% year-on-year increase in gross profit. - FY2024-Q2Higher sales absorbed the impact of soaring component pricesAnnual report
「Although the company was affected by soaring prices for purchased components and other items, higher sales absorbed the impact, and gross profit increased to ¥2,269 million, up 15.0% year on year.」
The explanation previously cited a higher sales mix of high-value-added products as the direct factor. This time, the company explained that the impact of soaring purchased component prices was absorbed through higher sales, increasing gross profit. - FY2024-Q1AdvancedAnnual report
「In terms of profit, although the company was affected by soaring prices for purchased components and other items, gross profit increased to ¥988 million, up 17.2% year on year, due in part to higher overseas sales, where high-value-added products account for a large proportion.」
Despite soaring prices for purchased components and other items, gross profit increased 17.2% year on year due to higher overseas sales, where high-value-added products account for a large proportion. - FY2023-Q3RestatedAnnual report
「Although the company was affected by higher prices for purchased components and other items, it absorbed the impact through profit growth accompanying higher sales and other factors, and gross profit increased to ¥3,099 million, up 6.7% year on year.」
Although costs increased due to higher prices for purchased components and other items, the impact was absorbed through profit growth accompanying higher sales and other factors, and gross profit increased 6.7% year on year. - FY2023-Q2Higher sales absorbed the increase in purchased component pricesAnnual report
「Although the company was partly affected by higher prices for purchased components and other items, it absorbed the impact through profit growth accompanying higher sales and other factors, and gross profit increased to ¥1,974 million, up 8.1% year on year.」
Although higher prices for purchased components and other items increased costs, the impact was absorbed through profit growth accompanying higher sales and other factors, and gross profit increased 8.1% year on year. - FY2023-Q1Profit margins deteriorated due to a lower contribution margin ratio and higher SG&A expensesAnnual report
「Although higher sales increased profit, gross profit rose only slightly to ¥843 million, up 0.5% year on year, due to the decline in the contribution margin ratio and a reactionary decrease following the increase in profit from applying the revenue recognition accounting standard and other standards in the same quarter of the previous year. In addition, SG&A expenses were returning to pre-pandemic levels as corporate activity recovered, and increased by more than the slight increase in gross profit. As a result, operating profit declined to ¥131 million, down 3.6% year on year, and ordinary profit declined to ¥141 million, down 4.8%.」
Although sales increased and high-value-added products were sold, the momentum of profit improvement weakened as the contribution margin ratio declined and SG&A expenses returned to pre-pandemic levels. - FY2022AdvancedAnnual report
「The increase in the sales mix of high-value-added products such as the “Smooth Flow Pump” improved the gross profit margin, and gross profit increased to ¥4,067 million, up 17.1% year on year.」
The improvement in the gross profit margin from the higher sales mix of high-value-added products continued for the full year, and gross profit increased 17.1% year on year. - FY2022-Q3AdvancedAnnual report
「The increase in the sales mix of high-value-added products such as the “Smooth Flow Pump” improved the gross profit margin, and gross profit increased to ¥2,905 million, up 14.8% year on year.」
The improvement in the gross profit margin from the higher sales mix of high-value-added products continued, and gross profit increased 14.8% year on year. - FY2022-Q2AdvancedAnnual report
「The increase in the sales mix of high-value-added products such as the “Smooth Flow Pump” improved the gross profit margin, and gross profit increased to ¥1,826 million, up 10.8% year on year.」
The higher sales mix of high-value-added products improved the gross profit margin, and gross profit increased 10.8% year on year. - FY2022-Q1AdvancedAnnual report
「The proportion of sales from high-value-added products such as the “Smooth Flow Pump” increased, improving the profit margin. In addition, the application of the revenue recognition accounting standard and other standards increased profit, and gross profit increased to ¥839 million, up 6.2% year on year.」
The higher sales mix of high-value-added products improved the profit margin, and the impact of applying the revenue recognition accounting standard also contributed, resulting in a 6.2% year-on-year increase in gross profit. - FY2021Gross profit declined due to an inventory valuation lossAnnual report
「In addition to the impact of lower sales, the recognition of an inventory valuation loss had a significant impact, and gross profit declined to ¥250 million, down 6.7% year on year.」
The explanation changed from the improvement in profit margins through sales growth of high-value-added products through the previous period. This period, in addition to lower sales, the recognition of an inventory valuation loss pushed down gross profit. - FY2021-Q3Gross margin deteriorated due to a higher fixed-cost ratio and other factorsAnnual report
「In addition to lower sales, the deterioration in the gross profit margin resulting from the higher fixed-cost ratio and other factors caused gross profit to decline to ¥2,531 million, down 9.1% year on year.」
In addition to lower sales, the deterioration in the gross profit margin due to the higher fixed-cost ratio and other factors continued, and gross profit declined 9.1% year on year. - FY2021-Q2Gross margin deteriorated due to a higher fixed-cost ratio and lower salesAnnual report
「In addition to lower sales, the deterioration in the gross profit margin accompanying the higher fixed-cost ratio caused gross profit to decline to ¥1,648 million, down 11.4% year on year.」
In addition to lower sales, the deterioration in the gross profit margin accompanying the higher fixed-cost ratio continued, and gross profit declined 11.4% year on year. - FY2021-Q1Profit margins deteriorated as the fixed-cost ratio increasedAnnual report
「In addition to lower sales, the deterioration in the profit margin accompanying the higher fixed-cost ratio caused gross profit to decline to ¥790 million, down 8.6% year on year.」
Following the previous period's decline in the gross margin due to a higher fixed-cost ratio and lower sales, gross profit also declined this quarter because of deterioration in the profit margin accompanying the higher fixed-cost ratio and lower sales. - FY2020Gross margin declined due to a higher fixed-cost ratio and lower salesAnnual report
「Gross profit declined to ¥433 million, down 10.4% year on year, as the gross profit margin fell due to the higher fixed-cost ratio and lower sales had a significant impact.」
The explanation changed from the previous period, when sales growth of high-value-added products was the main factor. This period, the higher fixed-cost ratio and lower sales reduced both the gross profit margin and gross profit. - FY2020-Q3Gross profit declined due to a change in the sales mix and lower salesAnnual report
「In terms of profit, the change in the sales mix reduced the profit margin, while lower sales also had a significant impact, and gross profit declined to ¥2,783 million, down 12.8% year on year.」
The explanation changed from the previous quarter's increase in the cost ratio. This time, gross profit declined 12.8% year on year due to lower margins resulting from a change in the sales mix and lower sales. - FY2020-Q2Gross profit declined as the cost ratio increasedAnnual report
「In terms of profit, in addition to the increase in the cost ratio, lower sales had a significant impact, and gross profit declined to ¥1,861 million, down 5.1% year on year.」
The explanation changed from the previous quarter's maintenance of the cost ratio. This time, the cost ratio increased, and gross profit declined 5.1% year on year due to the combination of lower sales and the higher cost ratio. - FY2020-Q1Gross profit declined despite maintaining the cost ratio, due to lower salesAnnual report
「Although the cost ratio was maintained at about the same level as in the same quarter of the previous year, lower sales weighed on results, and gross profit declined to ¥865 million, down 3.5% year on year.」
The company explained that gross profit was pushed down by lower sales, despite maintaining a cost ratio similar to that of the same period of the previous year, rather than by an increase in the sales mix of high-value-added products. - FY2019AdvancedAnnual report
「Higher sales of higher-value-added products, led by the “Smooth Flow Pump,” made a significant contribution to higher earnings. Gross profit therefore increased to ¥692 million, up 20.0%.」
The expansion of sales of high-value-added products made a significant contribution to earnings growth, and gross profit increased 20.0% year on year. - FY2019-Q3AdvancedAnnual report
「Higher sales of higher-value-added products, led by the “Smooth Flow Pump,” made a significant contribution to higher earnings, and gross profit increased to ¥3,192 million, up 33.3%.」
Higher sales of higher-value-added products made a significant contribution to higher earnings, and gross profit increased 33.3% year on year. - FY2019-Q2AdvancedAnnual report
「Higher sales of higher-value-added products, led by the “Smooth Flow Pump,” made a significant contribution to higher earnings, and gross profit increased to ¥1,960 million, up 24.2%.」
Higher sales of higher-value-added products contributed to higher earnings, and gross profit increased 24.2% year on year. - FY2019-Q1AdvancedAnnual report
「In terms of earnings, in addition to the effect of higher sales, the gross profit margin improved as the sales mix shifted toward higher-value-added products, led by the “Smooth Flow Pump.” Gross profit therefore increased to ¥896 million, up 21.8% year on year.」
Margin improvement from the higher sales mix of higher-value-added products continued, and gross profit increased 21.8% year on year. - FY2018Full-year gross profit increased as the mix of higher-value-added products roseAnnual report
「Although net sales declined, gross profit increased to ¥18 million, up 0.5% year on year, as the gross profit margin improved due to the higher sales mix of higher-value-added products.」
Despite lower sales, margins improved as the mix of higher-value-added products increased, and gross profit rose 0.5% year on year. - FY2018-Q3Gross margin rose as the proportion of higher-value-added products increasedAnnual report
「Although sales related to ballast water treatment equipment declined, the gross profit margin improved as the sales mix shifted toward the higher-value-added “Smooth Flow Pump.” As a result, the decline in gross profit was limited.」
The company explained that, despite declining sales, the higher sales mix of the Smooth Flow Pump improved margins and limited the decline in gross profit. - FY2018-Q2Higher earnings driven by increased sales and an improved gross marginAnnual report
「In terms of earnings, gross profit increased as a result of higher sales and an improved gross profit margin, while selling, general and administrative expenses rose only slightly. Operating profit therefore increased to ¥314 million, up 31.8% year on year, ordinary profit to ¥337 million, up 20.5%, and net profit attributable to owners of the parent for the quarter to ¥248 million, up 26.6%.」
Whereas the previous explanation directly attributed higher earnings to a higher mix of higher-value-added products, this time the company cited higher sales, an improved gross profit margin and only a slight increase in selling, general and administrative expenses. - FY2018-Q1Gross margin rose with contributions from higher-value-added productsAnnual report
「In terms of earnings, the overall gross profit margin rose as higher-value-added products, led by the “Smooth Flow Pump,” contributed to higher sales. Gross profit therefore increased to ¥735 million, up 19.3% year on year.」
The contribution of higher-value-added products raised the gross profit margin, and gross profit increased 19.3% year on year. - FY2017The higher mix of higher-value-added products again contributed to margin improvementAnnual report
「Earnings increased as the gross profit margin improved due to the higher sales mix of higher-value-added products, led by the “Smooth Flow Pump,” in addition to higher net sales.」
Following the explanation that lower-margin projects reduced margins in the first quarter and that higher sales improved margins in the third quarter, the company attributed full-year margin improvement to the higher mix of higher-value-added products. - FY2017-Q3Higher sales became the driver of gross margin improvementAnnual report
「In terms of earnings, the gross profit margin improved as sales increased. Operating profit increased to ¥540 million, up 69.1% year on year, ordinary profit to ¥594 million, up 53.4%, and net profit attributable to owners of the parent for the quarter to ¥411 million, up 57.7%, with all three measures increasing.」
Whereas the previous fiscal year's explanation specifically cited a higher mix of higher-value-added products, this quarter the company attributed higher earnings to the improvement in the gross profit margin accompanying higher sales. - FY2017-Q1Lower margins due to low-gross-margin projectsAnnual report
「Because the increase was concentrated in low-gross-margin projects, the overall gross profit margin declined. Gross profit increased less than sales, reaching only ¥616 million, up 3.6% year on year.」
Unlike the prior fiscal year's explanation that the product mix of higher-value-added products improved margins, the increase in low-gross-margin projects depressed the gross profit margin this quarter. - FY2016First statedAnnual report
「Earnings increased as the gross profit margin improved due to the higher sales mix of higher-value-added products, led by the “Smooth Flow Pump (high-precision diaphragm pump),” in addition to higher net sales.」
The explanation for the fiscal year attributed higher earnings and improved margins to the sales mix of higher-value-added products.