China segment returning to operating profitability
First written in FY2016. 9 of 37 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-10.
Kvk moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 3 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-08-10WorsenedResults
「セグメント利益又は 436,971 △55,908 3,765 384,827」
中国セグメント利益は前年同期の217,794千円から当四半期は55,908千円の損失となり、利益状況が悪化している。 - FY2026China business: higher revenue, lower profitAnnual report
「In China, revenue was ¥7,072 million, up 7.0% year on year, in line with the increase in intercompany sales. Segment profit was ¥248 million, down 30.0%, partly due to higher costs.」
The China business posted higher revenue due to increased intercompany sales, while segment profit declined 30.0% year on year due to higher costs. - FY2026-H1China business: higher revenue and higher profitAnnual report
「In China, revenue was ¥3,556 million, up 11.3% year on year, in line with the increase in intercompany sales. Segment profit was ¥289 million, up 143.4%, also reflecting the increase in revenue.」
The China business exceeded the year-earlier levels in both revenue and segment profit due to increased intercompany sales, shifting from its previous trend of lower revenue to higher revenue and higher profit. - FY2025China business: lower revenue but higher profitAnnual report
「In China, revenue was ¥6,609 million, down 3.6% year on year, due to a decline in intercompany sales. Segment profit was ¥355 million, up 6.2%.」
The China business posted lower revenue due to a decline in intercompany sales, while segment profit increased 6.2% year on year. - FY2025-H1WorsenedAnnual report
「In China, revenue was ¥3,196 million, down 9.6% year on year, as sales to external customers declined. Segment profit was ¥119 million, down 53.9%, in line with the decline in revenue.」
The China business posted lower revenue due to a decline in sales to external customers, while segment profit also deteriorated, falling 53.9% year on year. - FY2024WorsenedAnnual report
「In China, revenue was ¥6,855 million, down 1.1% year on year, as sales to external customers declined. Segment profit was ¥334 million, down 43.0%, in line with the decline in revenue.」
The China business posted lower revenue as sales to external customers declined, and segment profit also deteriorated, falling 43.0% year on year. - FY2024-Q3China business: lower revenue, lower profitAnnual report
「In China, despite focusing on sales activities, sales to external customers in China were ¥381 million, down 31.8% year on year, and total revenue, including intersegment internal sales, was ¥5,025 million, down 9.2%. Segment profit was ¥278 million, down 40.8%, due to the impact of foreign exchange and the decline in revenue.」
Although the company focused on sales activities, sales to external customers in China, segment revenue and segment profit all fell below the year-earlier levels. - FY2024-Q2China business continues to post lower revenue and higher profitAnnual report
「In China, revenue was ¥3,535 million, down 1.5% year on year, due to a decline in sales to external customers in China. Segment profit was ¥258 million, up 93.9%, following a review of intercompany transaction prices.」
The China business posted lower revenue due to a decline in sales to external customers in China, while segment profit rose 93.9% year on year following a review of intercompany transaction prices. - FY2024-Q1China business: lower revenue but substantially higher profitAnnual report
「In China, revenue was ¥1,779 million, down 1.8% year on year, as sales to external customers declined 33.7% year on year. Despite higher raw material prices and the impact of foreign exchange, segment profit was ¥150 million, up 254.4%, following a review of intercompany transaction prices prompted by the weaker yen.」
The China business posted lower revenue due to a decline in sales to external customers, while segment profit rose 254.4% year on year against the backdrop of a review of intercompany transaction prices prompted by the weaker yen. - FY2023AdvancedAnnual report
「In China, revenue was ¥6,932 million, up 19.9% year on year, due to a review of intercompany transaction prices prompted by the weaker yen. Despite higher raw material prices and the impact of foreign exchange, segment profit was ¥587 million, up 4,177.6%.」
Against the backdrop of a review of intercompany transaction prices prompted by the weaker yen, the China segment posted increases in both revenue and profit, with segment profit rising 4,177.6% year on year. - FY2023-Q3AdvancedAnnual report
「In China, revenue was ¥5,534 million, up 31.1% year on year, due to a review of intercompany transaction prices prompted by the weaker yen. Despite higher raw material prices and the impact of foreign exchange, operating profit was ¥470 million, up 5,267.4%.」
Against the backdrop of a review of intercompany transaction prices prompted by the weaker yen, the China business posted higher revenue, while operating profit improved, rising 5,267.4% year on year. - FY2023-Q2AdvancedAnnual report
「In China, revenue was ¥3,588 million, up 27.1% year on year, due to increased sales to external customers in China and a review of intercompany transaction prices. Despite higher raw material prices and the impact of foreign exchange, operating profit was ¥133 million, up 244.0%, as revenue increased.」
The China segment posted higher revenue due to increased sales to external customers in China and a review of intercompany transaction prices, while operating profit improved, rising 244.0% year on year. - FY2023-Q1AdvancedAnnual report
「In China, revenue was ¥1,811 million, up 32.5% year on year, due to increased sales to external customers in China and higher intercompany transaction volume. Despite higher raw material prices and the impact of foreign exchange, operating profit was ¥42 million, up 3.4%, as revenue increased following a review of intercompany transaction prices.」
The China business posted higher revenue due to increased sales to external customers and intercompany transaction volume, while operating profit rose 3.4% year on year despite the impact of higher raw material prices and foreign exchange. - FY2022WorsenedAnnual report
「In terms of profit, the increase in manufacturing costs resulting from the sharp rise in raw material prices and the trend toward a weaker yen could not be fully absorbed through intercompany transaction prices, and segment profit was ¥13 million, down 95.1% year on year.」
The China segment posted higher revenue, but could not absorb the higher costs resulting from raw material prices and the weaker yen, causing segment profit to decline substantially, by 95.1% year on year. - FY2022-Q3China business: higher revenue but substantially lower profit, with external-customer sales increasingAnnual report
「In China, revenue was ¥4,223 million, up 40.6% year on year, due to increased intercompany transaction volume. Operating profit was ¥8 million, down 96.9%, due to higher manufacturing costs resulting from soaring raw material prices and the trend toward a weaker yen. Revenue from external customers in China was ¥523 million, up 65.7%, as the company conducted online business meetings and disseminated information via social media while working to secure new adoptions by distributors and at properties.」
The China business posted higher revenue due to increased intercompany transactions, but a substantial decline in profit owing to soaring raw material prices and the trend toward a weaker yen. Revenue from external customers in China increased through online business meetings, social media outreach and new adoptions. - FY2022-Q2China business: higher revenue but lower profit, with external-customer sales increasingAnnual report
「In China, revenue was ¥2,822 million, up 34.7% year on year. Operating profit was ¥38 million, down 83.9%, due to higher manufacturing costs resulting from foreign exchange and soaring raw material prices. Revenue from external customers in China was ¥324 million, up 92.7%, as the company conducted online business meetings and worked to secure new adoptions by distributors and at properties.」
The China business posted higher revenue but a substantial decline in profit due to higher manufacturing costs resulting from foreign exchange and soaring raw material prices. Revenue from external customers increased 92.7% year on year through online business meetings and new adoptions. - FY2022-Q1China business: higher revenue, lower profit; sales to external customers up 122.6%Annual report
「In China, revenue was ¥1,366 million, up 23.1% year on year, due to increased intercompany transaction volume. Operating profit was ¥40 million, down 67.8%, owing to higher raw material prices and the impact of foreign exchange. Revenue from external customers in China was ¥140 million, up 122.6%, as the company gradually resumed in-person sales while continuing online business meetings and worked to secure new adoptions by distributors and at properties.」
The China business posted higher revenue due to increased intercompany transaction volume, but lower profit owing to higher raw material prices and the impact of foreign exchange. Revenue from external customers in China increased substantially as online business meetings continued, in-person sales resumed, and new adoptions were secured. - FY2021China business: lower revenue, lower profit; sales to external customers up 60.2%Annual report
「As a result, employees found it difficult to commute to work, causing delays in some exports to the head office factory. Internal sales between segments consequently declined by ¥380 million, resulting in revenue of ¥4,081 million, down 5.5% from the previous fiscal year, and segment profit of ¥277 million, down 16.3%. During the period when the company refrained from visiting local customers in China due to the impact of COVID-19, it pursued online business negotiations. It gradually resumed in-person sales visits in the fourth quarter and worked to secure sales, resulting in sales to external customers of ¥382 million, up 60.2% from the previous fiscal year.」
While the China business posted lower revenue and profit due to movement restrictions in Dalian and other factors, sales to external customers in China rose 60.2% from the previous fiscal year following online business negotiations and the resumption of in-person sales visits. - FY2021-Q3China business: lower revenue, lower profit; sales to external customers continue to increaseAnnual report
「Revenue in China was ¥3,002 million, down 9.2% year on year, due to lower intercompany transaction volumes. Segment profit was ¥280 million, down 7.4% year on year, reflecting the decline in revenue. Meanwhile, although the company refrained from visiting customers locally in China due to the impact of COVID-19, sales to external customers in China rose to ¥315 million, up 51.4% year on year, as the company pursued online business negotiations and worked to secure sales.」
While the China business overall posted lower revenue and profit due to lower intercompany transaction volumes, sales to external customers in China rose 51.4% year on year through online business negotiations. - FY2021-Q2China business: lower revenue, lower profit; sales to external customers continue to increaseAnnual report
「In China, revenue was ¥2,096 million, down 9.9% year on year, due to lower intercompany transaction volumes. Operating profit was ¥240 million, down 6.8% year on year, reflecting the decline in revenue. Sales to external customers in China were ¥168 million, up 20.8% year on year, following the pursuit of online business negotiations locally.」
While the China business overall posted lower revenue and profit due to lower intercompany transaction volumes, sales to external customers in China rose 20.8% year on year through online business negotiations. - FY2021-Q1China business: lower revenue, higher profit; sales to external customers declineAnnual report
「In China, revenue was ¥1,109 million, down 4.1% year on year, due to lower intercompany transaction volumes. Operating profit was ¥127 million, up 30.0% year on year, due to the yen’s appreciation, stable raw material prices and exemptions from social insurance premiums introduced as an economic measure in response to COVID-19. Sales to external customers in China were ¥63 million, down 5.7% year on year, reflecting the stagnation of economic activity caused by the spread of COVID-19 infections locally.」
While the China business posted lower revenue due to lower intercompany transaction volumes, profit increased as a result of the yen’s appreciation, stable raw material prices and exemptions from social insurance premiums. Sales to external customers in China declined due to the stagnation of economic activity caused by the pandemic. - FY2020China business: lower revenue, lower profit; sales to external customers increaseAnnual report
「In China, revenue was ¥4,318 million, down 12.3% from the previous fiscal year, and segment profit was ¥331 million, down 9.8%, due to lower sales volumes of single-handle faucets and stop valves, the main products of the Dalian factory, as sales in Japan focused on mixer faucets, as well as lower intercompany transaction prices resulting from the yen’s appreciation. Sales to external customers were ¥238 million, up 16.6% from the previous fiscal year. Although growth slowed somewhat in the fourth quarter, partly due to the spread of COVID-19, this followed efforts to strengthen sales activities, including improving the brand image through participation in the China International Kitchen & Bathroom Facilities Exhibition and promoting products to local Chinese distributors through the Dalian showroom.」
While the China business overall posted lower revenue and profit due to lower sales volumes of single-handle faucets and stop valves and the yen’s appreciation, sales to external customers increased 16.6% through the use of exhibitions and showrooms. - FY2020-Q3China business: lower revenue, lower profit; sales to external customers increaseAnnual report
「In China, revenue was ¥3,305 million, down 12.2% year on year, due to lower intercompany transaction volumes. Operating profit was ¥302 million, down 2.9% year on year, reflecting the decline in revenue. Meanwhile, sales to external customers in China rose to ¥208 million, up 25.1% year on year, following efforts to strengthen relationships with sales channels, including through product briefing sessions held at the showroom in Dalian.」
While the China business overall posted lower revenue and profit due to lower intercompany transaction volumes, sales to external customers in China increased following efforts to strengthen sales channels through the use of the showroom and product briefing sessions. - FY2020-Q2China business: lower revenue, higher profit; sales to external customers increaseAnnual report
「In China, revenue was ¥2,326 million, down 11.0% year on year, due to lower intercompany transaction volumes. Operating profit was ¥258 million, up 9.0% year on year, due to lower raw material prices and the yen’s appreciation. Sales to external customers in China were ¥139 million, up 50.7% year on year, following a focus on local sales activities.」
While lower intercompany transaction volumes resulted in lower revenue, operating profit increased due to lower raw material prices and the yen’s appreciation. Sales to external customers in China also increased. - FY2020-Q1China business: lower revenue, lower profit; sales to external customers increaseAnnual report
「In China, revenue was ¥1,156 million, down 10.0% year on year, and operating profit was ¥98 million, down 1.3%, with both declining due to lower intercompany transaction volumes. Sales to external customers in China were ¥67 million, up 61.0% year on year, following a focus on local sales activities.」
While the China business overall posted lower revenue and profit due to lower intercompany transaction volumes, sales to external customers in China rose 61.0% year on year. - FY2019-Q3AdvancedAnnual report
「In China, despite factors weighing on profit from surging raw material prices, a review of intercompany transaction prices resulted in revenue of ¥3,763 million, up 14.0% year on year, and segment profit of ¥311 million, compared with a loss of ¥64 million in the same period of the previous year.」
A review of intercompany transaction prices turned the China segment from a loss in the same period of the previous year to a profit of ¥311 million, while revenue also increased. - FY2019-Q2AdvancedAnnual report
「In China, despite factors weighing on profit from surging raw material prices, a review of intercompany transaction prices resulted in revenue of ¥2,614 million, up 14.7% year on year, and segment profit of ¥236 million, up 1,734.9%. Sales to external customers rose to ¥92 million, up 45.8% year on year, following efforts to strengthen sales through increased staffing in China.」
A review of intercompany transaction prices and stronger sales efforts supported by increased staffing in China resulted in higher revenue and sharply higher profit in the China segment. Sales to external customers also increased. - FY2019-Q1AdvancedAnnual report
「In China, despite factors weighing on profit from surging raw material prices and exchange rates, a review of intercompany transaction prices resulted in revenue of ¥1,285 million, up 11.0% year on year, and operating profit of ¥99 million, up 512.0%, with both increasing. Sales to external customers in China were ¥41 million, up 49.2% year on year, following a focus on local sales activities.」
A review of intercompany transaction prices and local sales activities in China resulted in higher revenue and a 512.0% year-on-year improvement in operating profit. Sales to external customers in China also rose 49.2% year on year. - FY2018WorsenedAnnual report
「In China, a review of prices for Japan resulted in higher export sales, and revenue rose to ¥4,338 million, up 8.3% from the previous fiscal year. However, the company was unable to absorb higher manufacturing costs resulting from the global rise in raw material prices, and recorded an operating loss of ¥53 million, compared with operating profit of ¥183 million in the previous fiscal year.」
While the China business posted higher revenue, it was unable to absorb higher manufacturing costs resulting from rising raw material prices and shifted from operating profit to an operating loss. - FY2018-Q3WorsenedAnnual report
「In China, following a review of selling prices, revenue was ¥3,300 million, up 6.6% year on year. However, higher manufacturing costs due to surging raw material prices and lower production volumes resulted in an operating loss of ¥64 million, compared with operating profit of ¥246 million in the same period of the previous year.」
While the China business posted higher revenue, higher costs caused by surging raw material prices and lower production volumes resulted in a shift from operating profit in the same period of the previous year to an operating loss. - FY2018-Q2China business continues to post higher revenue and sharply lower profitAnnual report
「In China, following a review of selling prices, revenue was ¥2,279 million, up 6.4% year on year. However, operating profit was ¥12 million, down 95.5% year on year, due to higher manufacturing costs resulting from surging raw material prices and the yen’s depreciation.」
The China business posted higher revenue following a review of selling prices, while operating profit fell 95.5% year on year due to surging raw material prices and the yen’s depreciation. - FY2018-Q1China business: higher revenue, sharply lower profitAnnual report
「In China, revenue was ¥1,157 million, up 1.0% year on year and broadly level with the previous year. However, operating profit was ¥16 million, down 89.2% year on year, due to surging raw material prices.」
While the China business secured higher revenue, operating profit fell 89.2% year on year due to surging raw material prices. - FY2017WorsenedAnnual report
「In China, revenue was ¥4,007 million, down 16.1% from the previous fiscal year, due to lower export sales to Japan. Operating profit was ¥183 million, down 51.4% from the previous fiscal year, reflecting the decline in revenue.」
The China business continued to suffer from lower export sales to Japan, resulting in full-year declines of 16.1% in revenue and 51.4% in operating profit. - FY2017-Q3China business: lower revenue, lower profitAnnual report
「In China, revenue was ¥3,095 million, down 17.0% year on year, due to lower export sales to Japan. Operating profit was ¥246 million, down 2.7% year on year.」
The China business saw revenue decline 17.0% year on year and operating profit decline 2.7% due to lower export sales to Japan. - FY2017-Q2AdvancedAnnual report
「In China, revenue was ¥2,142 million, down 16.4% year on year, due to lower export sales to Japan. Meanwhile, following a review of selling prices, operating profit was ¥288 million, up 57.1% year on year.」
While export sales declined, the China business increased operating profit by 57.1% year on year following a review of selling prices. - FY2017-Q1AdvancedAnnual report
「In China, revenue was ¥1,146 million, down 16.2% year on year, due to lower export sales to Japan. However, group-wide cost reduction efforts resulted in operating profit of ¥150 million, up 249.7% year on year.」
The China business maintained an operating profit, with operating profit up 249.7% year on year. - FY2016First statedAnnual report
「In China, revenue was ¥4,775 million, down 1.2% from the previous fiscal year, due to lower export sales to Japan. Meanwhile, following a review of selling prices and cost reductions, operating profit was ¥377 million, compared with an operating loss of ¥139 million in the previous fiscal year.」
The company stated that the China business turned from an operating loss in the previous fiscal year to an operating profit through a review of selling prices and cost reductions.