Increase in ordinary profit driven by lower raw material prices

「As a result, for the current interim accounting period, net sales were ¥16,436 million, up 4.4% year on year, operating profit was ¥1,479 million, up 5.5%, ordinary profit was ¥1,633 million, up 6.9%, and interim net profit was ¥1,094 million, down 34.3%.」

「As a result, revenue for the interim accounting period was ¥15.739 billion, operating profit was ¥1.402 billion, ordinary profit was ¥1.528 billion, and interim net profit was ¥1.664 billion. For reference, compared with the previous interim consolidated accounting period, revenue increased 0.1%, operating profit declined 11.5%, ordinary profit declined 8.5%, and interim net profit increased 49.4% due to extraordinary income associated with the absorption-type merger of QSO Industrial Co., Ltd., which had been a wholly owned subsidiary.」

「Revenue was ¥31.957 billion, down 0.2% from the previous fiscal year; operating profit was ¥3.046 billion, up 23.5%; ordinary profit was ¥3.184 billion, up 22.6%; net profit attributable to owners of the parent was ¥2.379 billion, up 41.5%; the operating margin was 9.5%; and ROE was 6.0%.」

「As a result, consolidated results for the interim period were net sales of ¥1,571.6 million (up 0.5% year on year), operating profit of ¥158.3 million (up 33.0%), ordinary profit of ¥166.9 million (up 32.6%), and interim net income attributable to owners of the parent of ¥111.4 million (up 37.8%).」

「Revenue was ¥32.008 billion, up 3.2% from the previous fiscal year; operating profit was ¥2.466 billion, up 12.9%; ordinary profit was ¥2.598 billion, up 14.6%; net profit attributable to owners of the parent was ¥1.681 billion, up 17.3%; the operating margin was 7.7%; and ROE was 4.4%.」

「As a result, consolidated results for the cumulative third quarter were net sales of ¥2,436.0 million (up 2.8% year on year), operating profit of ¥199.0 million (up 15.4%), ordinary profit of ¥211.8 million (up 15.1%), and quarterly net income attributable to owners of the parent of ¥138.3 million (up 15.4%).」

「As a result, consolidated results for the cumulative second quarter were net sales of ¥1,563.6 million (up 1.5% year on year), operating profit of ¥119.0 million (up 9.2%), ordinary profit of ¥125.9 million (up 7.3%), and quarterly net income attributable to owners of the parent of ¥80.8 million (up 4.5%).」

「As a result, consolidated results for the cumulative first quarter were net sales of ¥764.5 million (up 3.9% year on year), operating profit of ¥54.4 million (up 5.3%), ordinary profit of ¥58.1 million (up 5.5%), and quarterly net income attributable to owners of the parent of ¥35.7 million (down 2.1%).」

「Revenue was ¥31.008 billion, up 7.7% from the previous fiscal year; operating profit was ¥2.184 billion, up 2.1%; ordinary profit was ¥2.267 billion, down 0.9%; net profit attributable to owners of the parent was ¥1.433 billion, down 4.4%; the operating margin was 7.0%; and ROE was 3.8%.」

「As a result, consolidated results for the cumulative third quarter were net sales of ¥2,368.8 million (up 8.2% year on year), operating profit of ¥172.4 million (down 3.1%), ordinary profit of ¥184.0 million (down 2.9%), and quarterly net income attributable to owners of the parent of ¥119.9 million (down 4.4%).」

「As a result, consolidated results for the second-quarter cumulative period were revenue of ¥15.401 billion, up 9.7% year on year; operating profit of ¥1.090 billion, down 4.2%; ordinary profit of ¥1.174 billion, down 2.8%; and net profit attributable to owners of the parent of ¥773 million, down 1.5%.」

「As a result, consolidated results for the cumulative first quarter were net sales of ¥736.1 million (up 11.6% year on year), operating profit of ¥51.7 million (up 4.7%), ordinary profit of ¥55.0 million (up 4.0%), and quarterly net income attributable to owners of the parent of ¥36.5 million (up 10.7%).」

「Revenue was ¥28.789 billion, up 4.8% from the previous fiscal year; operating profit was ¥2.139 billion, down 16.6%; ordinary profit was ¥2.287 billion, down 14.8%; and net profit attributable to owners of the parent was ¥1.498 billion, down 19.7%.」

「As a result, for the cumulative third-quarter consolidated period, the Group reported sales of ¥21,885 million, up 5.2% year on year, operating profit of ¥1,780 million, down 12.5%, ordinary profit of ¥1,896 million, down 9.9%, and net profit attributable to owners of the parent of ¥1,254 million, down 14.7%.」

「As a result, for the cumulative second-quarter consolidated period, the Group reported sales of ¥14,042 million, up 4.7% year on year, operating profit of ¥1,138 million, down 8.4%, ordinary profit of ¥1,207 million, down 6.9%, and net profit attributable to owners of the parent of ¥785 million, down 15.2%.」

「As a result, for the cumulative first-quarter consolidated period, the Group reported sales of ¥6,600 million, up 4.3% year on year, operating profit of ¥501 million, up 1.8%, ordinary profit of ¥529 million, up 1.3%, and net profit attributable to owners of the parent of ¥330 million, down 17.2%.」

「Revenue was ¥27.512 billion, up 14.3% from the previous fiscal year; operating profit was ¥2.598 billion, down 2.4%; ordinary profit was ¥2.683 billion, down 1.4%; and net profit attributable to owners of the parent was ¥1.866 billion, up 4.3%.」

「As a result, the Group's consolidated results for the third-quarter cumulative period were revenue of ¥20.837 billion, up 14.3% year on year; operating profit of ¥2.062 billion, up 0.7%; ordinary profit of ¥2.106 billion, up 2.4%; and net profit attributable to owners of the parent of ¥1.472 billion, up 6.7%.」

「As a result, the Group's consolidated results for the second-quarter cumulative period were revenue of ¥13.425 billion, up 10.3% year on year; operating profit of ¥1.259 billion, up 0.1%; ordinary profit of ¥1.299 billion, up 2.5%; and net profit attributable to owners of the parent of ¥927 million, up 9.2%.」

「In the first quarter, revenue from the water supply equipment business declined, but revenue from the housing equipment business included sales from Maezawa Living Solutions Co., Ltd., which became a consolidated subsidiary in March of the previous fiscal year, resulting in a 11.6% year-on-year increase in revenue to ¥6.329 billion. In terms of profit, although lower raw material prices and price revisions improved margins, ordinary profit declined 12.1% year on year to ¥523 million due to higher selling, general and administrative expenses resulting from the consolidation of the subsidiary.」

「Revenue declined 2.7% from the previous fiscal year to ¥24.077 billion due to a decrease in new housing starts, while ordinary profit rose 6.0% to ¥2.722 billion, supported by the effects of price revisions and other factors.」

「As a result, sales declined 1.6% year on year to ¥18,222 million, while ordinary profit increased 6.8% to ¥2,057 million owing to lower material prices and the effect of product price revisions.」

「As a result, the Company finished above its consolidated earnings forecast for the second quarter of the fiscal year ending March 2020, announced on 14 May 2019. Revenue increased 2.0% year on year to ¥12.175 billion, while ordinary profit rose 8.1% to ¥1.267 billion.」

「As a result, revenue increased 3.3% year on year to ¥5.669 billion, while ordinary profit rose 23.3% to ¥595 million.」

「Revenue declined 0.1% from the previous fiscal year to ¥24.733 billion and ordinary profit fell 5.5% to ¥2.568 billion. However, the Company reduced costs through improvements to production processes and the consolidation of logistics bases, while also making progress in reducing fixed costs in indirect departments, enabling it to exceed its initial ordinary profit target of ¥2.485 billion.」

「However, due to the maturation of new products, intensifying competition with major manufacturers and higher raw material costs, sales declined 1.1% year on year to ¥18,523 million and ordinary profit declined 11.1% to ¥1,926 million.」

「Against this backdrop, the Group sought to maintain a stable share in its water supply equipment business and expand the scale of its housing equipment business through sales activities in regional core cities. However, due to the end of the cycle for new products, intensifying competition with major manufacturers and rising raw material costs, revenue declined 2.3% year on year to ¥11.940 billion, while ordinary profit fell 17.1% to ¥1.172 billion.」

「However, due to the maturation of new products, intensifying competition with major manufacturers and higher raw material costs, sales declined 2.9% year on year to ¥5,488 million and ordinary profit declined 24.3% to ¥482 million.」

「Revenue increased 3.3% from the previous fiscal year to ¥24.764 billion, and operating profit rose 2.8% to ¥2.599 billion. Ordinary profit, however, declined 2.3% to ¥2.716 billion due to lower non-operating income, while net profit attributable to owners of the parent increased 9.5% to ¥1.857 billion due to lower extraordinary losses.」

「As a result, revenue increased 3.5% year on year to ¥18.735 billion, and operating profit rose 3.4% to ¥2.095 billion. Ordinary profit, however, declined 1.4% year on year to ¥2.167 billion due to lower non-operating income, while net profit attributable to owners of the parent increased 12.4% to ¥1.469 billion due to lower extraordinary losses.」

「As a result, revenue increased 5.2% year on year to ¥12.218 billion, while ordinary profit rose 3.9% to ¥1.414 billion.」

「As a result, revenue increased 6.9% year on year to ¥5.654 billion, while ordinary profit rose 20.5% to ¥638 million.」

「Revenue increased 1.1% from the previous fiscal year to ¥23.972 billion, remaining largely flat, while ordinary profit rose 27.1% to ¥2.780 billion, due mainly to lower manufacturing costs, including raw materials.」

「Revenue increased 0.4% year on year to ¥18.107 billion, remaining largely flat, while ordinary profit rose 27.1% to ¥2.197 billion, due mainly to lower manufacturing costs, including raw materials.」

「Net sales decreased 0.4% year on year to ¥11,616 million, but ordinary profit increased 35.2% to ¥1,361 million, as raw material prices remained below the levels assumed at the beginning of the period.」