Year-on-year increases in first-quarter cumulative net sales and profit
First written in FY2017-Q1. . Latest entry: FY2024-Q1.
- FY2024-Q1First-quarter results changed from higher revenue and higher operating profit, among other items, to lower revenue and lower profitAnnual report
「As a result, revenue for the cumulative first quarter was ¥59.338 billion, down 9.9% year on year. Although automobile production recovered mainly in Japan and capital equipment demand increased in some areas, overseas demand, including in China, declined in the industrial machinery, construction machinery and aftermarket sectors. In terms of profit, the company worked to pass higher raw material costs through to selling prices, automate and rationalize production lines, and reduce procurement costs, while the yen remained weak. However, in addition to the continued surge in raw material prices from the previous fiscal year, deteriorating operating rates in robots, hydraulic equipment and other areas had a significant impact. Operating profit was ¥1.183 billion, down 69.8%, ordinary profit was ¥754 million, down 77.1%, and net income attributable to owners of the parent was ¥356 million, down 83.9%.」
From the previous fiscal year’s first quarter, when revenue and operating profit increased, all of revenue, operating profit, ordinary profit and net income attributable to owners of the parent declined year on year in the current first quarter. - FY2023-Q1In the first quarter, revenue and operating profit increased, while ordinary profit and net income attributable to owners of the parent declinedAnnual report
「As a result, revenue for the cumulative first quarter was ¥65.825 billion, up 9.7% year on year. Although production adjustments in parts of the automobile and construction machinery sectors had an impact, demand in the industrial machinery and aftermarket sectors remained firm, particularly in North America and China, where sales of tools, robots and other products expanded. In terms of profit, despite the continued surge in raw material and energy prices from the previous fiscal year, the company benefited from improved operating rates from higher sales and production, passed higher raw material costs through to selling prices, improved productivity through automation and rationalization of production lines, and reduced procurement costs. With the yen remaining weak, operating profit was ¥3.912 billion, up 7.6%. However, ordinary profit was ¥3.292 billion, down 8.8%, and net income attributable to owners of the parent was ¥2.216 billion, down 6.9%, due to foreign exchange losses and higher interest payments during the period.」
In the first quarter, revenue and operating profit increased year on year, while ordinary profit and net income attributable to owners of the parent declined due to higher foreign exchange losses and interest payments. - FY2022-Q1First-quarter results reversed from lower revenue and lower profit to higher revenue and higher profitAnnual report
「Consolidated revenue for the cumulative first quarter was ¥59.995 billion, up 13.0% year on year. Of this, domestic revenue was ¥29.880 billion, up 8.9%, and overseas revenue was ¥30.114 billion, up 17.5%. In terms of profit, the company worked to pass higher raw material costs through to selling prices, improve productivity through automation and rationalization of production lines, and reduce procurement costs, while the yen remained weak. As a result, operating profit was ¥3.636 billion, up 50.5%, ordinary profit was ¥3.610 billion, up 57.3%, and net income attributable to owners of the parent was ¥2.379 billion, up 51.5%.」
From the previous fiscal year’s first quarter, when profit increased despite lower revenue, all of revenue, operating profit, ordinary profit and net income attributable to owners of the parent increased year on year this time. - FY2021-Q1First-quarter results changed to lower revenue but higher profitAnnual report
「Consolidated revenue for the cumulative first quarter was ¥53.072 billion, down 5.7% year on year. Of this, domestic revenue was ¥27.444 billion, down 8.4%, and overseas revenue was ¥25.627 billion, down 2.6%. However, in terms of profit, the company benefited from total cost reductions, including productivity gains from rationalization and greater in-house production implemented since the previous year, as well as lower selling, general and administrative expenses through more efficient operations. Operating profit was ¥2.416 billion, up 5.8%, ordinary profit was ¥2.295 billion, up 19.5%, and net income attributable to owners of the parent was ¥1.570 billion, up 51.9%.」
In the first quarter, revenue declined 5.7% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent increased as a result of total cost reductions. - FY2020-Q1First-quarter results changed from higher revenue and higher operating profit, among other items, to lower revenue and lower profitAnnual report
「Consolidated revenue for the cumulative first quarter was ¥56.290 billion, down 7.8% year on year. Of this, domestic revenue was ¥29.973 billion, down 8.5%, and overseas revenue was ¥26.317 billion, down 6.9%. Profit also declined, reflecting lower operating rates resulting from the decrease in revenue and other factors. Operating profit was ¥2.283 billion, down 33.4%, ordinary profit was ¥1.921 billion, down 37.4%, and net income attributable to owners of the parent was ¥1.033 billion, down 54.1%.」
From the previous fiscal year’s first quarter, when revenue, operating profit and ordinary profit increased, the current cumulative first quarter changed to a pattern in which revenue, operating profit, ordinary profit and net income attributable to owners of the parent all declined year on year. - FY2019-Q1In the first quarter, revenue and net income attributable to owners of the parent increased, while operating profit and ordinary profit declinedAnnual report
「As a result, consolidated revenue for the cumulative first quarter was ¥61.046 billion, up 1.1% year on year. Of this, domestic revenue was ¥32.766 billion, up 6.1%, and overseas revenue was ¥28.280 billion, down 4.1%. In terms of profit, higher raw material and energy costs, together with personnel expenses and other costs, weighed on earnings. Operating profit was ¥3.426 billion, down 11.9%, ordinary profit was ¥3.066 billion, down 6.7%, and net income attributable to owners of the parent was ¥2.253 billion, up 9.0%.」
From the previous fiscal year’s first quarter, when operating profit and ordinary profit increased while net income attributable to owners of the parent declined, the composition changed this time to lower operating profit and ordinary profit but higher net income attributable to owners of the parent. - FY2018-Q1Revenue, operating profit and ordinary profit increased, while net income attributable to owners of the parent declinedAnnual report
「As a result, consolidated revenue for the cumulative first quarter was ¥60.367 billion, up 10.4% year on year. Of this, domestic revenue was ¥30.890 billion, up 13.0%, and overseas revenue was ¥29.477 billion, up 7.9%. Operating profit was ¥3.889 billion, up 4.1%, ordinary profit was ¥3.286 billion, up 0.4%, and net income attributable to owners of the parent was ¥2.067 billion, down 22.5%.」
For the cumulative first quarter, revenue, operating profit and ordinary profit increased year on year, while net income attributable to owners of the parent declined 22.5%. - FY2017-Q1First statedAnnual report
「As a result, consolidated revenue for the cumulative first quarter was ¥54.665 billion, up 5.1% year on year. Of this, domestic revenue was ¥27.341 billion, down 1.6%, and overseas revenue was ¥27.323 billion, up 12.9%. Operating profit was ¥3.736 billion, up 10.4%, ordinary profit was ¥3.273 billion, up 52.1%, and net income attributable to owners of the parent was ¥2.665 billion, up 96.0%.」
For the cumulative first quarter, revenue rose 5.1%, operating profit 10.4%, ordinary profit 52.1%, and net income attributable to owners of the parent 96.0%.