Lower profit in the Agricultural Equipment Business due to weaker profitability of large sorting and grading plants
First written in FY2018-Q1. 7 of 12 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2026.
Shibuya moved to the "Worse" side of this theme in 2026, 10 years after the typical company in this theme (2016).
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In terms of profit and loss, operating profit was ¥520 million, down 50.1% from the previous fiscal year, as some large plants involved low-profitability projects and the increase in depreciation following completion of the new head office factory also had an impact.」
The decline in profit caused by low-profitability projects at large plants reappeared in full-year results, while the depreciation burden following completion of the new head office factory also contributed, resulting in a 50.1% year-on-year decline in operating 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.」
Higher progress on large produce sorting machine projects and improved operating rates lifted operating profit in the agricultural equipment business from ¥52 million in the same period of the previous year to ¥694 million. The impact of the previously reported decline in profitability was not prominent in the explanation of results for the quarter. - FY2021MitigatedAnnual report
「As a result, revenue was ¥13,883 million, up 18.4% from the previous fiscal year. In terms of earnings, operating profit was ¥1,949 million, up 82.9%, because there were many highly profitable projects.」
Unlike the past risk of declining profitability at large plants and other facilities, there were many highly profitable projects, and revenue and profit increased for the full fiscal year. - FY2021-Q3MitigatedAnnual report
「As a result, revenue was ¥10,051 million, up 7.1% year on year. In terms of profit and loss, operating profit was ¥1,325 million, up 56.5% year on year, because there were many highly profitable projects.」
Unlike the past risk of declining profitability at large plants and other facilities, there were many highly profitable projects, and the agricultural equipment business reported increases in both revenue and profit. - FY2020MitigatedAnnual report
「In terms of profit and loss, operating profit increased to ¥1,065 million, up 6.2% from the previous fiscal year, because there were many highly profitable projects with a high concentration of technology.」
Unlike the decline in profitability of large plants seen in the past, operating profit in the agricultural equipment business increased for the full fiscal year due to highly profitable projects. - FY2018MaterialisedAnnual report
「Because some large plants involved projects with low profitability, operating profit declined to ¥1,415 million, down 7.0% from the previous fiscal year.」
The decline in profitability of large plants recurred for the full fiscal year, with operating profit in the agricultural equipment business down 7.0% year on year. - FY2018-Q2MitigatedAnnual report
「Revenue from the Agricultural Equipment business increased year on year. Sorting and grading plants for citrus fruit increased slightly, while plants for vegetables and deciduous fruit increased. As a result, consolidated revenue was ¥7,870 million, up 21.5% year on year, and operating profit was ¥1,075 million, up 24.1% year on year.」
There was no direct reference to the decline in profitability of large plants that actually occurred in the previous quarter, and the agricultural equipment business reported increases in both revenue and profit. - FY2018-Q1MaterialisedAnnual report
「As the large plants that contributed to the increase in revenue were not highly profitable, operating profit declined to ¥401 million, down 20.0% year on year.」
Low profitability at large plants was reflected in actual results, with operating profit in the agricultural equipment business down 20.0% year on year.