Lower Profit Due to a Decline in the Sales Mix of High-Margin Products
First written in FY2021-Q1. 3 of 6 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2023: 5 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Under these circumstances, the Group reported higher sales and profit, supported by continued strong sales of semiconductor-related equipment and the impact of significant foreign exchange movements.」
The company explains that sales of semiconductor-related equipment remained strong, but provides no new description concerning the sales mix of high-margin products. - FY2022-Q1Increase in sales of high-margin semiconductor equipmentAnnual report
「In terms of earnings, sales increased and profit rose year on year because sales of large orders for FPD-related equipment at the Korean subsidiary had ended, while sales of relatively high-margin semiconductor-related equipment increased.」
Sales of high-margin semiconductor-related equipment increased from the same period of the previous year, contributing to higher profit year on year even after sales of the large FPD-related equipment orders ended. - FY2021RestatedAnnual report
「In terms of earnings, although sales increased, the relative decline in sales of high-margin semiconductor equipment and the impact of foreign exchange movements meant that profit increased year on year, but profit growth remained sluggish compared with sales growth.」
Although sales increased, including sales of FPD-related equipment, the relative decline in sales of high-margin semiconductor equipment continued to cause profit growth to fall short of sales growth for the full fiscal year. - FY2021-Q3RestatedAnnual report
「In terms of earnings, although sales increased due to large orders for FPD-related equipment, the relative decline in sales of high-margin semiconductor equipment meant that profit increased year on year, but profit growth was sluggish compared with sales growth.」
While large orders for FPD-related equipment drove higher sales, the relative decline in sales of high-margin semiconductor equipment has continued to cause profit growth to fall short of sales growth. - FY2021-Q2Continued decline in sales of high-margin semiconductor equipmentAnnual report
「In terms of earnings, although sales increased due to large orders for FPD-related equipment, sales of relatively high-margin semiconductor manufacturing equipment declined. As a result, profit increased year on year, but the rate of profit growth was sluggish compared with the rate of sales growth.」
Although large orders for FPD-related equipment drove higher sales, the decline in sales of high-margin semiconductor manufacturing equipment caused profit growth to fall short of sales growth. - FY2021-Q1First statedAnnual report
「In terms of earnings, the temporary decline in the sales mix of relatively high-margin equipment, such as wafer stockers compatible with N2 purging, pushed up the cost of sales, resulting in lower profit year on year.」
The sales mix of relatively high-margin products, including N2-purge-compatible wafer stockers, temporarily declined, leading to higher cost of sales and lower profit year on year.