Lower profit margins due to the rising overseas sales ratio
First written in FY2026-H1. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
The whole theme swung hardest in 2023: 18 of 62 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Operating profit, ordinary profit and net profit attributable to owners of the parent all exceeded the previous fiscal year's levels, as the Group advanced the pass-through of various cost increases and benefited from higher North American sales and a weaker yen. Each profit metric also reached a record high.」
Although there were concerns that the higher overseas sales ratio would lower profit margins, higher sales in North America, price pass-through and yen depreciation resulted in record-high profit at each level, offsetting the impact on profit for the year. - FY2026-H1First statedAnnual report
「Operating profit declined because, in addition to lower profit margins accompanying the increase in the overseas sales ratio, SG&A expenses such as personnel expenses associated with investments in human capital and growth, and research and development expenses, increased, although」
The decline in profit margins associated with the higher overseas sales ratio was explicitly identified for the first time as an independent factor behind the decline in operating profit and actually affected operating profit in the current interim period.