Higher revenue and lower earnings in the automotive and construction machinery businesses, including the recovery of the Chinese market
First written in FY2018-Q1. 3 of 30 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Full-year higher sales and profit, with a sharp recovery in operating profitAnnual report
「Global EV production volumes continued to grow, and sales of suspension solenoid valves were strong. Sales of conventional products for internal-combustion engines also remained firm, resulting in segment net sales of ¥93.267 billion, up 6.5% year on year, and operating income of ¥3.082 billion, up 451.0%.」
The automotive and construction machinery business recorded higher revenue and profit for the full fiscal year, with operating profit recovering sharply by 451.0% year on year. - 2026-05-13AdvancedEarnings forecast revision
「Net sales rose 6.5% year on year to ¥93.267 billion, while operating income increased 451.0% to ¥3.082 billion.」
The automotive and construction machinery business posted greater revenue growth and higher operating income than in the previous fiscal year, with the improvement in performance shown in specific figures. - FY2026-H1AdvancedAnnual report
「Although the pace of automotive electrification has slowed, global EV production continues to grow. Sales of vehicle models equipped with our suspension solenoid valves were strong, resulting in segment sales of ¥45,945 million, up 3.6% year on year, and operating profit of ¥1,507 million, up 123.6%.」
Strong sales of EV-equipped models resulted in a 3.6% year-on-year increase in revenue and a 123.6% increase in operating profit. The decline in revenue and profit caused by reduced sales of conventional products amid the shift to electrification in the previous full fiscal year improved materially in the current interim consolidated accounting period. - FY2025Full-year lower sales and lower operating profitAnnual report
「As vehicle electrification progressed globally, sales of conventional products for internal combustion engines, such as seals and control valves, declined. The decline was particularly pronounced in Japan and Southeast Asia, resulting in segment revenue of ¥87.592 billion, down 3.2% from the previous fiscal year, and operating profit of ¥559 million, down 65.3%.」
Following higher sales and higher profit in the previous fiscal year, the business reported lower sales and a substantial decline in operating profit for the full year due to lower sales of legacy products associated with electrification. - FY2025-H1AdvancedAnnual report
「Sales in the Americas and other factors resulted in segment sales of ¥44,364 million, up 0.2% year on year. Operating profit was ¥674 million, compared with an operating loss of ¥141 million in the same period of the previous year, due to the product mix and other factors.」
Sales increased on higher sales in the Americas, and the business shifted from an operating loss to operating profit. The performance of the business serving the automotive and construction equipment industries improved specifically from the same period of the previous year. - FY2024Shift to revenue and earnings growthAnnual report
「Global automobile production continued to recover, and the foreign exchange translation effect also boosted sales. As a result, segment sales totaled ¥90,468 million, up 6.5% from the previous fiscal year, and operating profit was ¥1,611 million, up 17.7%.」
The business shifted from higher sales and lower operating profit or an operating loss through the previous quarter to higher sales and higher profit for the full year. - FY2024-Q3Higher sales continue, while the decline in operating profit widensAnnual report
「Global automobile production was gradually recovering, and foreign-exchange translation also had a positive effect. As a result, segment revenue was ¥67.616 billion, up 5.8% year on year. On the profit side, higher raw material prices and increased fixed costs reduced operating profit to ¥1.237 billion, down 31.3%.」
Sales continued to increase on the recovery in automobile production and the foreign exchange translation effect, but the decline in operating profit widened due to higher raw material prices and fixed costs. - FY2024-Q2RestatedAnnual report
「Global automobile production was gradually recovering, and the foreign-exchange translation benefit also had a significant positive impact. As a result, segment revenue was ¥44.275 billion, up 4.7% year on year. On the profit side, higher raw material prices and increased fixed costs resulted in an operating loss of ¥141 million, compared with operating profit of ¥1.072 billion in the previous year.」
Sales increased on the recovery in automobile production and the foreign exchange translation effect, while higher raw material prices and fixed costs resulted in a continuing operating loss, maintaining the combination of higher sales and an operating loss. - FY2024-Q1Revenue growth and a return to an operating lossAnnual report
「Global automobile production was gradually recovering, and segment revenue was ¥20.807 billion, up 2.3% year on year. On the profit side, higher raw material prices and electricity charges, among other factors, resulted in an operating loss of ¥459 million, compared with operating profit of ¥540 million in the previous year.」
Sales increased on the gradual recovery in automobile production, while higher raw material prices and electricity costs resulted in a shift from operating profit to an operating loss. - FY2023-Q3Higher sales continue, while the decline in operating profit narrowsAnnual report
「Although the business was affected by the continued global semiconductor shortage and lockdowns in major Chinese cities, among other factors, the foreign-exchange benefit from the weaker yen lifted segment revenue to ¥63.912 billion, up 6.7% year on year. However, higher raw material prices and increased electricity charges, among other factors, combined to reduce operating profit to ¥1.05 billion, down 31.3%.」
Sales shifted from a decline in the previous quarter to an increase, and although operating profit continued to decline, the decrease narrowed from 65.1% year on year to 31.3%. - FY2023-Q2Lower yen drives higher sales, but operating profit continues to declineAnnual report
「The weaker yen boosted sales, resulting in segment sales of ¥42,296 million, up 2.6% year on year. However, the combined effects of lower sales volumes, higher raw material prices and increased electricity costs resulted in operating profit of ¥561 million, down 65.1% year on year.」
Sales shifted from a decline in the previous quarter to an increase in the first half due to the weaker yen, but operating profit fell sharply due to lower sales volumes and higher costs. - FY2023-Q1Shift to lower revenue and profitAnnual report
「Global automobile production declined due to the conflict in Ukraine, the semiconductor shortage, lockdowns in major Chinese cities and the impact of COVID-19 in Southeast Asia, among other factors. As a result, segment revenue was ¥20.34 billion, down 7.5% year on year, and operating profit was ¥284 million, down 76.3%.」
Following higher sales and a substantial recovery in operating profit for the previous full year, the current quarter shifted to lower sales and lower profit due to the decline in automobile production resulting from the conflict in Ukraine, the semiconductor shortage, lockdowns in China and the impact of COVID-19 in Southeast Asia. - FY2022Full-year higher sales, with a substantial recovery in operating profitAnnual report
「Although global automobile production continued to trend downward due to the global semiconductor shortage and difficulties in procuring parts caused by the renewed spread of COVID-19, sales remained above the previous year's level. As a result, segment sales totaled ¥81,588 million, up 4.3% from the previous fiscal year, and operating profit was ¥2,027 million, up 120.2%.」
Despite the continuing decline in automobile production and difficulties in procuring parts, sales exceeded the previous year's level, resulting in 4.3% higher full-year sales and a 120.2% increase in operating profit. - FY2022-Q3Higher sales and continued recovery to operating profitability despite parts shortagesAnnual report
「Although global automobile production was trending downward due to the global shortage of semiconductors and other components, sales remained above the previous year. As a result, segment revenue was ¥59.878 billion, up 8.7% year on year, and operating profit was ¥1.53 billion, compared with an operating loss of ¥348 million in the previous year.」
Despite the downward trend in global automobile production due to parts supply shortages, sales exceeded the previous year's level, and higher sales and the recovery to operating profitability have continued. - FY2022-Q2Higher sales and continued recovery to operating profitabilityAnnual report
「Although the business was affected by the global shortage of semiconductors and other components, automobile production recovered in Europe, the United States and Asia as well as Japan, and sales of automotive products remained firm. As a result, segment revenue was ¥41.232 billion, up 28.5% year on year, and operating profit was ¥1.609 billion, compared with an operating loss of ¥2.061 billion in the previous year.」
Following lower sales and an operating loss caused by sluggish automobile production through the previous quarter, sales increased 28.5% on the recovery in automobile production, and operating profit also returned to positive territory. - FY2022-Q1Substantial sales growth and recovery to operating profitabilityAnnual report
「Automotive production recovered in Japan as well as Europe, the United States and Asia, and sales of automotive products remained firm. As a result, segment revenue was ¥21.985 billion, up 72.4% year on year, and operating profit was ¥1.2 billion, compared with an operating loss of ¥1.929 billion in the previous year.」
Following substantial declines in sales and an operating loss through the previous quarter, sales increased 72.4% on the recovery in automobile production, and the business returned to an operating profit of ¥1,200 million. - FY2021-Q3Sales continued to decline, while operating loss narrowedAnnual report
「Although signs of recovery emerged worldwide following the Chinese market, the recovery was insufficient to offset the decline. Automotive products were broadly affected, resulting in segment revenue of ¥55.102 billion, down 16.7% year on year, and an operating loss of ¥348 million, compared with operating profit of ¥1.652 billion in the previous year.」
The business serving the automotive and construction equipment industries continued to report lower sales and lower profit, but the decline in sales narrowed from 28.3% in the previous quarter to 16.7%, and the operating loss also narrowed. - FY2021-Q2Lower sales and lower profit continue, with the operating loss wideningAnnual report
「Although the Chinese market recovered relatively quickly, the pace of recovery was slow worldwide, broadly affecting automotive products. Segment revenue was ¥32.081 billion, down 28.3% year on year, and the operating loss was ¥2.061 billion, compared with operating profit of ¥1.476 billion in the previous year.」
Although the Chinese market recovered relatively quickly, the global recovery was slow. The business serving the automotive and construction equipment industries continued to report lower sales and lower profit, and the decline from operating profit to an operating loss widened. - FY2021-Q1Lower sales and lower profit, with a shift to an operating lossAnnual report
「Automobile production worldwide fell sharply as the automotive industry continued to scale back or suspend operations and recovery remained slow. Automotive products were broadly affected, resulting in segment revenue of ¥12.755 billion, down 43.2% year on year, and an operating loss of ¥1.929 billion, compared with operating profit of ¥738 million in the previous year.」
The sharp decline in automobile production resulted in continued lower sales and lower profit in the business serving the automotive and construction equipment industries, with operating profit changing to an operating loss. - FY2020Full-year lower sales and lower profit, with the decline in operating profit wideningAnnual report
「Global automobile production, led by China, fell sharply, broadly affecting automotive products. As a result, segment sales were ¥86,648 million, down 9.1% from the previous fiscal year, and operating profit was ¥2,048 million, down 53.8%.」
The sharp decline in automobile production resulted in lower sales and lower profit for the full year, continuing the trend seen in the quarterly periods, and the decline in operating profit widened to 53.8%. - FY2020-Q3Lower sales and lower profit continue, with the decline in operating profit wideningAnnual report
「Global automobile production, including in China, declined, broadly affecting automotive products. As a result, segment revenue was ¥66.181 billion, down 9.5% year on year, and operating profit was ¥1.652 billion, down 61.7%.」
The business serving the automotive and construction equipment industries continued to report lower sales and lower profit. While the decline in sales was at the same level as in the previous quarter, the decline in operating profit widened from 46.2% to 61.7%. - FY2020-Q2Continued revenue and earnings decline; narrower earnings declineAnnual report
「As automotive products were broadly affected by the decline in global automobile production, segment revenue was ¥44.744 billion, down 9.5% year on year, and operating profit was ¥1.476 billion, down 46.2%.」
The business serving the automotive and construction equipment industries continued to report lower sales and lower profit, but the decline in sales narrowed from 11.3% in the first quarter to 9.5%, while the decline in operating profit narrowed from 50.5% to 46.2%. - FY2020-Q1Continued revenue and earnings decline; wider earnings declineAnnual report
「The business remained in a difficult environment, with the Chinese market continuing to decline from the previous fiscal year and the European market also sluggish. Segment sales were ¥22,464 million, down 11.3% year on year, and operating profit was ¥738 million, down 50.5% year on year.」
The continued decline in China, combined with the sluggish European market, resulted in lower sales and lower profit in the business serving the automotive and construction equipment industries. The decline in operating profit reached 50.5%. - FY2019Full-year revenue and earnings declineAnnual report
「Although the construction equipment market remained firm, sales of automotive products slowed sharply in China, Europe and other markets. As a result, segment revenue was ¥95.282 billion, down 3.9% from the previous fiscal year, and operating profit was ¥4.433 billion, down 33.0%, due to lower sales and higher variable costs, among other factors.」
While the construction equipment market remained firm, the sharp slowdown in automotive sales resulted in lower sales and lower profit for the full year, following higher sales and lower profit through the quarterly periods. - FY2019-Q3Shift to lower revenue and profitAnnual report
「Although the construction equipment market remained firm, sales of automotive products slowed sharply from the latter half of the third quarter, resulting in segment sales of ¥73,151 million, down 1.0% year on year. Operating profit was ¥4,310 million, down 19.2% year on year, due to lower sales and higher variable costs and other factors.」
While the construction equipment market remained firm, the sharp slowdown in automotive sales shifted the business from higher sales and lower profit to lower sales and lower profit, and the decline in operating profit widened. - FY2019-Q2Higher sales continue, while the decline in profit widensAnnual report
「Sales of automotive products remained firm in the US and European markets, and the construction equipment market continued to be strong. Segment sales totaled ¥49,459 million, up 1.7% year on year. Operating profit was ¥2,744 million, down 16.8% year on year, due to higher variable and labor costs and other factors.」
Sales continued to increase on strong automotive sales in the US and Europe and the robust construction equipment market, but the decline in profit widened to 16.8% year on year due to higher variable and labor costs and other factors. - FY2019-Q1Higher sales continue, while the decline in profit widensAnnual report
「Sales of automotive products remained firm in Japan and the US, and the construction equipment market was also strong. Segment sales totaled ¥25,339 million, up 5.8% year on year. Operating profit was ¥1,490 million, down 15.4% year on year, due to the product mix, higher labor costs and other factors.」
Sales continued to increase on strong automotive sales in Japan and the US and the robust construction equipment market, while higher costs resulting from the product mix and increased labor costs led to lower profit. The decline in profit widened from 2.5% in the previous cumulative quarter to 15.4%. - FY2018-Q3Higher sales continue, while the decline in profit narrowsAnnual report
「Sales of automotive products remained firm in Japan, China and Europe, and the construction equipment market was also strong. Segment sales totaled ¥73,893 million, up 11.4% year on year. Operating profit was ¥5,336 million, down 2.5% year on year.」
Sales continued to increase on strong automotive sales in Japan, China and Europe and the robust construction equipment market, while operating profit declined. The decline in profit narrowed from 5.1% in the cumulative second quarter to 2.5%. - FY2018-Q2Stronger revenue growth and a narrower decline in profitAnnual report
「Sales of automotive products remained firm, including in the Chinese and Southeast Asian markets, and the construction equipment market was also strong. Segment sales totaled ¥48,638 million, up 11.8% year on year. Operating profit was ¥3,297 million, down 5.1% year on year.」
Strong automotive sales, including in China and Southeast Asia, and the robust construction equipment market drove higher sales, with sales up 11.8% year on year. Operating profit fell 5.1%, and the business continues to report higher sales but lower profit. - FY2018-Q1First statedAnnual report
「Sales of automotive products remained firm, while the Chinese market, including construction equipment, also recovered. As a result, segment sales totaled ¥23,947 million, up 8.4% year on year. Operating profit was ¥1,761 million, down 11.4% year on year.」
Sales increased on firm sales of automotive products and the recovery of the Chinese market, while operating profit declined year on year. These results were first identified as the quarterly performance of the business serving the automotive and construction equipment industries.