Lower profit in the Agricultural Equipment Business due to fewer sorting and grading plant deliveries and lower operating utilization
First written in FY2019-Q1. 10 of 23 entries say "Mitigated", first in FY2019-Q3. Latest entry: 2026-08-18.
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- FY2026-H1WorsenedAnnual report
「Revenue in the Agricultural Equipment segment declined from the same period of the previous year because sorting and grading plants for deciduous fruit and vegetable crops decreased. As a result, revenue was ¥5,140 million, down 16.5% year on year. In terms of earnings, the segment posted an operating loss of ¥204 million, compared with operating profit of ¥869 million in the same period of the previous year, due to the lower operating rate accompanying the decline in revenue and increased depreciation expense following completion of the new head office plant.」
The risk from declining sorting plant deliveries and a lower operating rate worsened, with revenue down 16.5% year on year and operating profit changing from profit in the same period of the previous year to an operating loss of ¥204 million. - FY2025-H1MitigatedAnnual report
「Revenue in the Agricultural Equipment segment declined from the same period of the previous year because sorting and grading plants for vegetable crops decreased, despite increases in plants for citrus and deciduous fruit crops. As a result, revenue was ¥6,155 million, down 6.7% year on year. In terms of earnings, operating profit was ¥869 million, down slightly by 0.4%, as the operating rate was maintained due to increased intersegment revenue.」
Revenue declined due to lower deliveries of sorting plants for vegetables, but the increase in internal revenue maintained the operating rate, limiting the decline in operating profit to a slight decrease. - FY2024-Q1MitigatedAnnual report
「Revenue in the Agricultural Equipment segment increased from the same period of the previous year because sorting and grading plants for vegetable crops increased. As a result, revenue was ¥2,616 million, up 23.1% year on year, and operating profit was ¥201 million, up 566.1%.」
Despite the risk of lower revenue and profit from the completion of equipment upgrades at large plants and the resulting decline in deliveries, increased deliveries for vegetables led to higher revenue and profit, so the impact of the risk did not come to the fore this quarter. - FY2023RestatedAnnual report
「As a result, revenue was ¥9,881 million, down 28.1% year on year, and operating profit was ¥933 million, down 46.6% year on year.」
Declining sorting plant deliveries and lower profit resulting from the completion of equipment upgrades at large plants continued for the full year. - FY2023-Q3RestatedAnnual report
「Revenue in the Agricultural Equipment segment declined significantly from the same period of the previous year because upgrades to large plants at sorting and grading facilities for citrus crops had largely run their course. As a result, revenue was ¥6,736 million, down 40.1% year on year, and operating profit was ¥532 million, down 68.2%.」
Declining sorting plant deliveries and lower profit resulting from the completion of equipment upgrades at large plants continue. Although the rates of revenue and profit decline narrowed from the previous quarter, lower revenue and profit continue. - FY2023-Q2RestatedAnnual report
「Revenue in the Agricultural Equipment segment declined significantly from the same period of the previous year because upgrades to large plants at sorting and grading facilities for citrus crops had largely run their course. As a result, revenue was ¥4,157 million, down 46.0% year on year, and operating profit was ¥189 million, down 85.4%.」
Declining sorting plant deliveries and lower profit resulting from the completion of equipment upgrades at large plants continue. Although the year-on-year rates of revenue and profit decline have narrowed from the first quarter, lower revenue and profit continue. - FY2023-Q1WorsenedAnnual report
「Revenue in the Agricultural Equipment segment declined sharply from the same period of the previous year because upgrades to large plants for citrus crops had largely run their course, despite increases in sorting and grading plants for deciduous fruit and vegetable crops. As a result, revenue was ¥2,125 million, down 49.9% year on year, and operating profit was ¥30 million, down 95.6%.」
The risk associated with declining sorting plant deliveries became more pronounced than through the previous quarter, resulting in a 49.9% year-on-year decline in revenue and a 95.6% decline in profit as the cycle of equipment upgrades at large citrus fruit plants ended. - FY2022MaterialisedAnnual report
「Revenue in the Agricultural Equipment segment declined from the previous consolidated fiscal year because deliveries of sorting and grading plants for citrus crops declined, despite increases in deliveries for deciduous fruit and vegetable crops. As a result, revenue was ¥13,734 million, down 1.1% from the previous fiscal year, and operating profit was ¥1,749 million, down 10.3%.」
Changes in the product mix of sorting plant deliveries resulted in lower revenue and profit for the full year, with the risk of lower profit from declining deliveries and a lower operating rate materializing again in the results. - FY2022-Q3MitigatedAnnual report
「Revenue in the Agricultural Equipment segment increased from the same period of the previous year because deliveries of sorting and grading plants for deciduous fruit and vegetable crops increased, despite a decline in deliveries for citrus crops. As a result, revenue was ¥11,255 million, up 12.0% year on year, and operating profit was ¥1,674 million, up 26.3%.」
Although the product mix of sorting plant deliveries has changed, increased deliveries for deciduous fruit and vegetables have kept the risk of lower profit from declining deliveries and a lower operating rate from coming to the fore this quarter, resulting in higher revenue and profit. - FY2022-Q1MitigatedAnnual report
「Revenue in the Agricultural Equipment segment increased sharply from the same period of the previous year because work progressed on several large sorting machines at sorting and grading plants for citrus crops. As a result, revenue was ¥4,238 million, up 116.7% year on year. In terms of earnings, operating profit was ¥694 million, compared with ¥52 million in the same period of the previous year, as the increase in revenue improved the operating rate.」
The business has shifted from lower revenue and profit in the previous year, caused by declining sorting plant deliveries and a lower operating rate, to substantially higher revenue and profit due to progress on several large-scale sorting machine projects and an improved operating rate. - FY2021MitigatedAnnual report
「Revenue from the agricultural equipment business increased from the previous consolidated fiscal year because deliveries of sorting plants for citrus fruit increased significantly, despite a decline in deliveries for vegetables.」
Although deliveries for some products remain lower, increased deliveries for citrus fruit and highly profitable projects have resulted in higher revenue and profit for the full year. - FY2021-Q3MitigatedAnnual report
「Revenue in the Agricultural Equipment segment increased from the same period of the previous year because deliveries of sorting and grading plants for citrus crops increased significantly, despite a decline in deliveries for vegetable crops. As a result, revenue was ¥10,051 million, up 7.1% year on year. In terms of earnings, operating profit was ¥1,325 million, up 56.5%, because there were many highly profitable projects.」
Despite the risk of lower profit from declining sorting plant deliveries, the agricultural equipment business generated higher revenue and profit due to increased deliveries for citrus fruit and highly profitable projects. - FY2021-Q2MitigatedAnnual report
「Revenue in the Agricultural Equipment segment declined sharply from the same period of the previous year because deliveries of sorting and grading plants for citrus and vegetable crops fell significantly, despite an increase in deliveries of sorting and grading plants for deciduous fruit crops. As a result, revenue was ¥3,848 million, down 39.3% year on year, and operating profit was ¥204 million, down 60.3%.」
The risk of lower revenue and profit from declining deliveries continues to materialize, although the rates of decline have narrowed from the first quarter's 54.0% decline in revenue and 92.2% decline in profit. - FY2021-Q1WorsenedAnnual report
「Revenue in the Agricultural Equipment segment declined sharply from the same period of the previous year because deliveries of sorting and grading plants for citrus and vegetable crops fell significantly, despite an increase in deliveries of sorting and grading plants for deciduous fruit crops. As a result, revenue was ¥1,955 million, down 54.0% year on year, and operating profit was ¥52 million, down 92.2%.」
The decline in revenue and profit caused by lower sorting plant deliveries re-emerged in the first quarter as a 54.0% year-on-year decline in revenue and a 92.2% decline in profit, worsening from the previous disclosure. - FY2020-Q3MaterialisedAnnual report
「Revenue from the Agricultural Equipment business declined year on year. Although deliveries of sorting and grading plants for deciduous fruit and citrus fruit increased, plants for vegetables declined significantly. Revenue was ¥9,386 million, down 12.1% year on year, and operating profit was ¥846 million, down 23.7% year on year.」
Changes in the product mix of sorting plant deliveries resulted in lower revenue and profit in the agricultural equipment business for the cumulative third quarter, with the risk of lower profit materializing again in the results. - FY2020-Q2MitigatedAnnual report
「Revenue from the Agricultural Equipment business increased year on year. Deliveries of sorting and grading plants for vegetables declined, but plants for citrus fruit and deciduous fruit increased. As a result, revenue was ¥6,341 million, up 13.5% year on year, and operating profit increased to ¥515 million, up 63.6% year on year, as capacity utilisation improved with the increase in revenue.」
Despite the risk of lower profit from declining sorting plant deliveries and a lower operating rate, the business generated higher revenue and profit this quarter due to increased deliveries and an improved operating rate. - FY2019-Q3MitigatedAnnual report
「Revenue from the agricultural equipment business declined from the same period of the previous year. Although deliveries of sorting plants for vegetables increased significantly, deliveries for deciduous fruit and citrus fruit declined significantly. As a result, revenue was ¥10,677 million, down 2.1% year on year, and operating profit was ¥1,109 million, down 17.4% year on year.」
Deliveries of sorting plants continue to decline, but the rates of revenue and profit decline have narrowed from 29.0% and 70.7% year on year, respectively, in the previous quarter. - FY2019-Q2RestatedAnnual report
「Revenue from the Agricultural Equipment business declined year on year. Although sorting and grading plants for vegetables increased, deliveries of plants for deciduous fruit and citrus fruit fell sharply. Consolidated revenue was ¥5,589 million, down 29.0% year on year, and operating profit was ¥315 million, down 70.7% year on year, as the fixed-cost burden increased due to lower capacity utilisation.」
The decline in deliveries of sorting plants and the resulting increase in the fixed-cost burden from the lower operating rate continued to materialize in the cumulative second-quarter results. - FY2019-Q1First statedAnnual report
「Revenue from the agricultural equipment business declined substantially from the same period of the previous year because deliveries of sorting plants for deciduous fruit and citrus fruit decreased significantly. As a result, consolidated revenue was ¥2,037 million, down 51.4% year on year, while operating profit was ¥86 million, down 78.4% year on year, as the lower operating rate increased the fixed-cost burden.」
The decline in deliveries of sorting plants and the resulting increase in the fixed-cost burden from the lower operating rate materialized as a 51.4% decline in revenue and a 78.4% decline in operating profit in the agricultural equipment business.