Cost increases from projects with significant development components
First written in FY2017-Q3. 8 of 13 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2023-Q3.
Taihei Machinery Works,Limited moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
1 other company's latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「In the first half, after-sales costs increased due to sales of new models with substantial development components. However, capital investment appetite in the woodworking industry has been improving, with business sentiment showing signs of recovery since last year's wood shock, and revenue increased as we were able to pass higher costs through to selling prices.」
The company continues to cite higher after-sales costs associated with sales of new models with substantial development components, while higher revenue resulted from passing higher costs through to selling prices. - FY2023-Q2MaterialisedAnnual report
「After-sales costs increased due to sales of new models with substantial development components. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥609 million, up 13.6% year on year, while operating profit was ¥104 million, down 15.0%.」
The increase in after-sales costs associated with sales of new models with substantial development components actually occurred and was reflected in lower operating profit in the Woodworking Machinery business. - FY2022WorsenedAnnual report
「In the Plywood Machinery business, sales increased year on year, but the business was unable to absorb rising costs and expenses related to front-loaded research and development through sales, resulting in an operating loss.」
The Plywood Machinery business was unable to absorb rising costs and front-loaded research and development expenses through sales, resulting in an operating loss. The burden of development-related expenses continues. - FY2022-Q3WorsenedAnnual report
「The operating loss was ¥143 million, compared with an operating loss of ¥37 million in the same quarter of the previous year, due to higher research and development expenses and procurement prices for raw materials, among other factors.」
Higher research and development expenses and procurement prices for raw materials combined to widen the Plywood Machinery business's operating loss from ¥37 million in the same period of the previous year to ¥143 million. - FY2022-Q2MaterialisedAnnual report
「In the Plywood Machinery business, orders have remained sluggish due to continued caution toward capital investment amid uncertainty over the market outlook, as well as the impact of restrictions on overseas travel.」
In the Plywood Machinery business, an operating loss of ¥243 million resulted from sluggish orders and higher research and development expenses, with the burden of development-related costs reflected in the results. - FY2020MaterialisedAnnual report
「Selling expenses, including promotional costs for exhibiting at Japan's largest woodworking machinery trade show, and research and development expenses increased.」
Higher promotional and research and development expenses were reflected as factors behind the loss in the Woodworking Machinery business. - FY2020-Q1MaterialisedAnnual report
「The operating loss was ¥49 million, compared with an operating loss of ¥52 million in the same quarter of the previous year, due to sluggish sales and higher development expenses, among other factors.」
Higher development expenses in the Woodworking Machinery business, together with sluggish sales, were reflected as factors behind the operating loss. - FY2019MaterialisedAnnual report
「Revenue for the consolidated fiscal year was ¥1,060 million, down 14.6% year on year, while operating profit was ¥39 million, down 61.2%, partly due to higher development expenses.」
Higher development expenses were reflected in lower profit in the Woodworking Machinery business. - FY2019-Q1MaterialisedAnnual report
「The operating loss was ¥52 million, compared with operating profit of ¥16 million in the same quarter of the previous year, due to lower sales and higher development expenses, among other factors.」
Higher development expenses, together with lower sales, were reflected in an operating loss in the Woodworking Machinery business. - FY2018-Q2MaterialisedAnnual report
「The cost ratio rose because sales struggled to grow as housing starts declined, and because there were many machines with substantial development components, among other factors.」
The higher cost ratio resulting from the large number of machines with substantial development components was reflected in an operating loss in the Woodworking Machinery business. - FY2018-Q1MaterialisedAnnual report
「Although efforts were made to reduce manufacturing costs, including material and subcontracting expenses, profit was ¥16 million, down 42.7% year on year, because many machines had substantial development components.」
The burden of having many machines with substantial development components was reflected in lower profit in the Woodworking Machinery business despite efforts to reduce manufacturing costs. - FY2017MitigatedAnnual report
「Costs also increased on projects with substantial development components, but through improved production efficiency and rigorous cost control leveraging economies of scale,」
Although higher costs on projects with substantial development components remained an issue, the impact was contained through improved production efficiency and cost control. - FY2017-Q3First statedAnnual report
「Costs also increased because there were many projects with substantial development components.」
In the Plywood Machinery business, the presence of many projects with substantial development components was identified as an actual earnings factor behind higher costs.