Operating profit growth despite lower sales
First written in FY2016-Q2. 7 of 36 entries say "Worsened", first in FY2019-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 2 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026-H1Revenue and operating profit continue to increase, with revenue growth acceleratingAnnual report
「Total revenue increased to ¥7,634 million, an increase of ¥1,142 million, or 17.6%, year on year. In terms of earnings, the substantial increase in revenue had a significant positive effect, although the rise in the cost ratio caused by higher prices for raw materials and other items also had an impact. Operating profit increased by ¥390 million, or ¥14 million (3.9%) year on year.」
Revenue increased 17.6% and operating profit increased 3.9% year on year, with revenue growth and operating profit growth continuing. - FY2025Revenue growth and operating profit growth continue, with the increase in profit wideningAnnual report
「Total revenue increased to ¥12,715 million, up ¥622 million, or 5.1%, year on year. Higher revenue had a significant positive effect, although the company was also affected by soaring prices for various items including raw materials. Operating profit therefore increased by ¥105 million, or 9.4%, year on year to ¥1,222 million.」
Higher revenue and higher operating profit continued for the full year from the previous fiscal year, with revenue up 5.1% and operating profit up 9.4%. - FY2025-H1Higher revenue and higher operating profit continue, but the profit increase narrowsAnnual report
「Total revenue increased to ¥6,491 million, up ¥593 million, or 10.1%, year on year. Although higher revenue had a significant positive effect, the cost ratio also rose year on year as various material prices continued to soar. Operating profit nevertheless increased by ¥15 million, or 2.7%, year on year to ¥584 million.」
The pattern of higher revenue and higher operating profit continued year on year, but operating profit growth was limited to 2.7%, indicating the impact of a higher cost ratio caused by soaring material prices. - FY2024Full-year confirmation of the shift to higher revenue and higher operating profitAnnual report
「Total revenue increased to ¥12,092 million, up ¥960 million, or 8.6%, year on year. Although soaring prices for various materials and fuel continued, the impact of higher revenue and progress in revising product selling prices in response to soaring costs, together with an improvement in the earnings position of consolidated subsidiary Hamai Korea from the previous year, resulted in operating profit increasing by ¥96 million, or 9.4%, year on year to ¥1,117 million.」
From declining revenue and lower operating profit in the previous fiscal year, the current fiscal year produced higher revenue and higher operating profit, with revenue up 8.6% and operating profit up 9.4%. - FY2024-H1Continued shift to higher revenue and higher operating profitAnnual report
「Total revenue increased to ¥5,897 million, up ¥466 million, or 8.6%, year on year. Although various material and fuel prices remained high, the impact of higher revenue and progress in revising product selling prices in response to soaring costs contributed to operating profit increasing by ¥55 million, or 10.7%, year on year to ¥569 million.」
Revenue increased 8.6% year on year and operating profit increased 10.7%. Cumulative results for the first half shifted from lower operating profit despite higher revenue in FY2024 Q1 immediately prior to the current period to higher revenue and higher operating profit. - FY2024-Q1WorsenedAnnual report
「Revenue from brass turnings increased as the volume handled rose, bringing total revenue to ¥3,078 million, up ¥221 million, or 7.8%, year on year. Although revisions to product selling prices in response to soaring prices for materials including brass progressed, the cost ratio rose slightly year on year due to persistently high prices for various materials and fuel, as well as higher personnel and other expenses. Operating profit therefore fell by ¥11 million, or 3.1%, year on year to ¥344 million.」
Total revenue increased 7.8%, partly due to higher revenue from brass turnings as the volume handled rose, but operating profit fell 3.1% as material and fuel prices, personnel expenses and other costs increased, resulting in lower operating profit despite higher revenue. - FY2023WorsenedAnnual report
「Total revenue declined to ¥11,132 million, down ¥63 million, or 0.6%, year on year. Although the company revised product selling prices in response to soaring prices for materials including brass, operating profit was affected by a slight deterioration in the earnings position of consolidated subsidiary Hamai Korea from the previous year and higher expenses associated with the easing of activity restrictions. Operating profit therefore fell by ¥75 million, or 6.9%, year on year to ¥1,021 million.」
The decline in revenue and lower operating profit through the third quarter were also confirmed for the full year, with revenue down 0.6% and operating profit down 6.9%. - FY2023-Q3WorsenedAnnual report
「Revenue from brass turnings declined as the volume handled fell, bringing total revenue to ¥7,813 million, down ¥294 million, or 3.6%, year on year. Although the company revised product selling prices in response to soaring prices for materials including brass, operating profit was affected by lower revenue and higher expenses associated with the easing of activity restrictions. Operating profit therefore fell by ¥56 million, or 8.3%, year on year to ¥621 million.」
From higher revenue and higher operating profit through the previous quarter, cumulative revenue for the current quarter turned to a 3.6% decline and operating profit to an 8.3% decline, partly due to the lower volume of brass turnings handled. - FY2023-Q2Higher revenue and higher operating profit continue, but the profit increase narrowsAnnual report
「Total revenue increased to ¥5,430 million, up ¥39 million, or 0.7%, year on year. In terms of earnings, demand for the various valves mentioned above increased, and production was generally efficient. In addition, the company implemented various cost-reduction measures and revised product selling prices in response to soaring prices for materials including brass. Operating profit therefore increased by ¥36 million, or 7.7%, year on year to ¥513 million.」
The pattern of higher revenue and higher operating profit continued, but revenue growth was 0.7% and operating profit growth was 7.7%. - FY2023-Q1Higher revenue and higher operating profit continue, but the profit increase narrowsAnnual report
「Total revenue increased to ¥2,856 million, up ¥94 million, or 3.4%, year on year. Customers accepted price increases for some products in response to soaring prices for materials including brass. Efficient production supported by solid orders also contributed, resulting in operating profit increasing by ¥34 million, or 10.6%, year on year to ¥355 million.」
The pattern of higher revenue and higher operating profit continued, but the increase in operating profit narrowed from 155.1% in the same period of the previous year to 10.6%. - FY2022Significant expansion in higher revenue and higher operating profitAnnual report
「Total revenue increased to ¥11,195 million, up ¥1,737 million, or 18.4%, year on year. Efficient production supported by solid orders, efforts to improve the efficiency of corporate activities and reduce costs prompted by the COVID-19 situation, customer acceptance of price increases for some products in response to soaring prices for materials including brass, and improvements in the earnings position of consolidated subsidiary Hamai Korea resulted in operating profit increasing by ¥586 million, or 114.8%, year on year to ¥1,096 million.」
The pattern of higher revenue and higher operating profit continued for the full year, with revenue up 18.4% and operating profit up 114.8%. - FY2022-Q3Higher revenue and higher operating profit continue, with a wider profit increaseAnnual report
「Total revenue increased to ¥8,107 million, up ¥1,308 million, or 19.2%, year on year. Customers accepted price increases for some products in response to soaring prices for materials including brass. Efforts to improve the efficiency of corporate activities and reduce costs amid the COVID-19 situation, efficient production supported by solid orders, and improvements in the earnings position of consolidated subsidiary Hamai Korea resulted in operating profit increasing by ¥431 million, or 174.8%, year on year to ¥677 million.」
The pattern of higher revenue and higher operating profit continued, with revenue up 19.2% and operating profit up 174.8%. Price increases, efficiency improvements and cost reductions, efficient production, and improvements at Hamai Korea were cited as factors behind the profit increase. - FY2022-Q2Higher revenue and higher operating profit continue, with a wider profit increaseAnnual report
「Total revenue increased to ¥5,391 million, up ¥918 million, or 20.5%, year on year. Customers accepted price increases for some products in response to soaring prices for materials including brass. Efforts to improve the efficiency of corporate activities and reduce costs amid the COVID-19 situation, together with improvements in the earnings position of consolidated subsidiary Hamai Korea, resulted in operating profit increasing by ¥317 million, or 198.0%, year on year to ¥477 million.」
Higher revenue and higher operating profit continued from the same period of the previous year, with revenue up 20.5% and operating profit up 198.0%. - FY2022-Q1Significant expansion in higher revenue and higher operating profitAnnual report
「Total revenue increased to ¥2,761 million, up ¥493 million, or 21.8%, year on year. Although prices for materials including brass remained high, customers accepted price increases for some products. Efforts to improve the efficiency of corporate activities and reduce costs amid the COVID-19 situation, together with improvements in the earnings position of consolidated subsidiary Hamai Korea, resulted in operating profit increasing by ¥195 million, or 155.1%, year on year to ¥321 million.」
Revenue increased 21.8% and operating profit increased 155.1%, exceeding the higher revenue and higher operating profit recorded in the same period of the previous year. Price increases amid soaring material prices, efficiency improvements and cost reductions, and improvements at Hamai Korea were cited as factors behind the profit increase. - FY2021Higher revenue and higher operating profit continue, but profit growth is limited by rising costsAnnual report
「Total revenue increased to ¥9,458 million, up ¥1,182 million, or 14.3%, year on year. In terms of earnings, brass material prices, a major raw material cost, remained high, pushing up the cost ratio and significantly reducing profitability. However, customers accepted price increases, and efforts to improve the efficiency of corporate activities and reduce costs amid the COVID-19 situation, together with improvements in the earnings position of consolidated subsidiary Hamai Korea, including its return to profitability for the full year, resulted in operating profit increasing by ¥19 million, or 4.0%, year on year to ¥510 million.」
The shift to higher revenue and higher operating profit continued for the full year, but the increase in operating profit was limited to 4.0% as the surge in brass material prices pushed up the cost ratio. - FY2021-Q3WorsenedAnnual report
「Total revenue increased to ¥6,799 million, up ¥849 million, or 14.3%, year on year. In terms of earnings, brass material prices, a major raw material cost, remained high, pushing up the cost ratio and significantly reducing profitability. Although the company worked to improve the efficiency of corporate activities and reduce costs amid the COVID-19 situation, and sought to improve the earnings position of consolidated subsidiary Hamai Korea, operating profit fell by ¥102 million, or 29.3%, year on year to ¥246 million.」
Total revenue increased 14.3%, but operating profit fell 29.3% as the surge in brass material prices pushed up the cost ratio. The valve business also shifted from an operating profit in the same period of the previous year to an operating loss of ¥41.986 million, with profitability deteriorating further despite higher revenue. - FY2021-Q2WorsenedAnnual report
「Total revenue increased to ¥4,472 million, up ¥457 million, or 11.4%, year on year. Meanwhile, the sharp increase in brass material prices, a major raw material cost, pushed up the cost ratio and significantly reduced profitability. Although the company worked to improve the efficiency of corporate activities and reduce costs amid the COVID-19 situation, and sought to improve the earnings position of consolidated subsidiary Hamai Korea, operating profit fell by ¥47 million, or 23.0%, year on year to ¥160 million. As a result, revenue increased to ¥4,183 million, up 12.2% year on year, while the company posted an operating loss of ¥28 million, compared with an operating profit of ¥22 million in the same period of the previous year.」
Total revenue increased 11.4%, but operating profit fell 23.0% as the sharp rise in brass material prices pushed up the cost ratio. The valve business shifted from an operating profit in the same period of the previous year to an operating loss, indicating deteriorating profitability. - FY2021-Q1Higher revenue and higher operating profit continue, and the valve business returned to profitabilityAnnual report
「Revenue from brass turnings also increased as selling prices rose, bringing total revenue to ¥2,267 million, up ¥209 million, or 10.2%, year on year. In terms of earnings, although brass material prices, a major raw material cost, rose sharply, the company secured consolidated revenue above the previous year. In addition, efforts to improve the efficiency of corporate activities and reduce costs in light of the COVID-19 situation helped contain the increase in the cost ratio. The earnings position of consolidated subsidiary Hamai Korea also improved during the first quarter of the current fiscal year. Operating profit therefore increased by ¥126 million, or 130.0%, year on year.」
From declining revenue and lower operating profit in the first quarter of the previous fiscal year, the company posted revenue growth of 10.2% and operating profit growth of 130.0% in the current quarter. The valve business also shifted from an operating loss in the same period of the previous year to an operating profit. - FY2020Full-year confirmation of the shift to higher revenue and higher operating profitAnnual report
「Total revenue increased to ¥8,276 million, up ¥133 million, or 1.6%, year on year. In terms of earnings, the relatively high-margin high-pressure gas valve and gas-related equipment business performed well, while efforts to improve the efficiency of corporate activities in light of the COVID-19 situation also produced some benefits, including expense reductions. Operating profit therefore increased by ¥491 million, or 59.3%, year on year.」
The shift to higher revenue and higher operating profit seen in the second and third quarters was also confirmed for the full year, with revenue up 1.6% and operating profit up 59.3%. - FY2020-Q3Reversal to higher revenue and higher operating profit continuesAnnual report
「Revenue from brass turnings declined as both sales volume and selling prices fell, but total revenue increased to ¥5,950 million, up ¥81 million, or 1.4%, year on year. In terms of earnings, brass material prices, a major raw material cost, eased somewhat, and efforts to improve the efficiency of corporate activities in light of social and economic conditions produced some benefits. In addition, the earnings structure of consolidated subsidiary Hamai Korea showed signs of improvement. Operating profit therefore increased by ¥349 million, or 200.9%, year on year.」
From the period of declining revenue and lower operating profit through the previous period, revenue increased 1.4% and operating profit increased 200.9%. The company shifted from higher revenue and higher operating profit in the previous quarter to higher revenue and higher operating profit. - FY2020-Q2Reversal to lower revenue and higher operating profitAnnual report
「Revenue from brass turnings declined as both sales volume and selling prices fell, bringing total revenue to ¥4,015 million, a decrease of ¥23 million, or 0.6%, year on year. In terms of earnings, brass material prices, a major raw material cost, eased somewhat. In addition, company-wide efforts to improve productivity and achieve ongoing cost reductions, as well as measures to improve the efficiency of corporate activities in light of the COVID-19 situation, produced benefits. Operating profit therefore increased by ¥208 million, or 124.6%, year on year.」
While revenue fell 0.6%, operating profit rose 124.6%, ordinary profit rose 115.7%, and net income attributable to owners of the parent rose 213.9%. The company has shifted from a pattern of declining revenue and lower operating profit to declining revenue and higher operating profit. The valve business also moved from an operating loss in the same period of the previous year to an operating profit. - FY2020-Q1Continued revenue and operating profit declines, with a wider decline in net profitAnnual report
「Total revenue was ¥2,058 million, a decrease of ¥34 million, or 1.7%, year on year. On the earnings side, despite company-wide efforts to improve productivity and continuously reduce costs, operating profit declined by ¥16 million, or 22.9%, year on year to ¥54 million due to the fixed-cost burden from labor costs and depreciation expenses associated with upfront investments in personnel and facility enhancements. Net income attributable to owners of the parent declined by ¥35 million, or 87.1%, year on year to ¥5 million, partly due to foreign exchange losses at a consolidated subsidiary.」
The pattern of declining revenue and lower operating profit continues. Operating profit fell 22.9% year on year, while net income attributable to owners of the parent fell 87.1%, partly due to foreign exchange losses at consolidated subsidiaries. - FY2019WorsenedAnnual report
「Revenue was ¥8,142 million, a decrease of ¥310 million, or 3.7%, year on year. On the earnings side, persistently high brass prices, along with lower sales of high-value-added products and higher costs for auxiliary materials and freight, resulted in operating profit declining by ¥172 million, or 35.9%, year on year to ¥308 million.」
The pattern shifted from higher revenue and lower operating profit in the previous fiscal year to lower revenue and lower operating profit in the current fiscal year, with the full-year decline in operating profit reaching 35.9%. - FY2019-Q3WorsenedAnnual report
「Total revenue was ¥5,869 million, a decrease of ¥175 million, or 2.9%, year on year. On the earnings side, despite company-wide efforts to improve productivity and continuously reduce costs, operating profit declined by ¥246 million, or 67.9%, year on year to ¥116 million, due to higher fixed costs, including labor costs and depreciation expenses, resulting from upfront investments in research and development for future business expansion, personnel and facility enhancements.」
The pattern of lower revenue and lower operating profit continued, with the year-on-year decline in operating profit widening to 67.9%. The valve business also shifted from operating profit to an operating loss of ¥168 million. - FY2019-Q2Sharp widening of revenue and operating profit declines, with the valve business turning loss-makingAnnual report
「Revenue was ¥4,039 million, a decrease of ¥98 million, or 2.4%, year on year. On the earnings side, despite company-wide efforts to improve productivity and reduce costs, operating profit declined by ¥183 million, or 66.4%, year on year to ¥92 million, due to higher fixed costs, including labor costs and depreciation expenses, resulting from upfront investments in research and development for future business expansion, personnel and facility enhancements.」
The pattern of lower revenue and lower operating profit continued, with the year-on-year decline in operating profit widening to 66.4%. The valve business also shifted from operating profit to an operating loss of ¥93 million. - FY2019-Q1Sharp widening of revenue and operating profit declinesAnnual report
「Total revenue was ¥2,093 million, a slight decrease of ¥24 million, or 1.2%, year on year. On the earnings side, despite company-wide efforts to improve productivity and reduce costs, operating profit declined by ¥111 million, or 61.1%, year on year to ¥71 million, due to higher fixed costs, including labor costs and depreciation expenses, resulting from upfront investments in research and development for future business expansion, personnel and facility enhancements.」
The pattern of lower revenue and lower operating profit seen in the previous year continued, accompanied by a sharp 61.1% decline in operating profit. - FY2018RestatedAnnual report
「Revenue exceeded the year-earlier level at ¥8,452 million, an increase of ¥137 million, or 1.7%, year on year. On the earnings side, despite company-wide efforts to improve productivity and reduce costs, operating profit declined by ¥55 million, or 10.4%, year on year to ¥481 million, due to surging prices for brass, the principal raw material, and higher depreciation expenses associated with capital investments made in the previous fiscal year.」
For the full fiscal year, revenue increased while operating profit declined due to surging raw material prices and higher depreciation expenses. - FY2018-Q3Revenue and operating profit continue to move in opposite directions, but the decline in operating profit is narrowingAnnual report
「Revenue exceeded the year-earlier level at ¥6,044 million, an increase of ¥133 million, or 2.3%, year on year. On the earnings side, despite a focus on reducing manufacturing costs, operating profit declined by ¥2 million, or 0.7%, year on year to ¥362 million, due to surging prices for brass, the principal raw material, along with higher costs for auxiliary materials and freight.」
Revenue increased, while operating profit continued to decline due to higher costs for raw materials, auxiliary materials and freight. However, the year-on-year decline in operating profit narrowed to 0.7%. - FY2018-Q2Shift to revenue growth and operating profit declineAnnual report
「Revenue was ¥4,137 million, an increase of ¥22 million, or 0.6%, year on year. On the earnings side, persistently high brass prices, along with increases in auxiliary materials, freight and other costs, resulted in operating profit declining by ¥86 million, or 23.8%, year on year to ¥276 million.」
From the previous quarter's revenue and operating profit declines, the current quarter shifted to revenue growth but continued operating profit decline due to higher costs for raw materials, auxiliary materials, freight and other items. - FY2018-Q1Continued revenue and operating profit declinesAnnual report
「Revenue was ¥2,117 million, a decrease of ¥53 million, or 2.5%, year on year. Earnings also deteriorated, with operating profit declining by ¥44 million, or 19.5%, year on year to ¥182 million, due to persistently high brass prices, along with increases in auxiliary materials, freight and other costs.」
The pattern shifted from higher revenue and lower operating profit for the previous full fiscal year to lower revenue and lower operating profit in the current quarter, with both revenue and operating profit below the year-earlier levels. - FY2017RestatedAnnual report
「Consolidated revenue was ¥8,315 million, an increase of ¥777 million, or 10.3%, from the previous fiscal year. On the earnings side, the cost ratio increased mainly because of higher prices for brass, a major raw material. Consolidated operating profit was ¥536 million, a decrease of ¥220 million, or 29.1%, from the previous fiscal year.」
The pattern of higher revenue and lower operating profit seen through the previous quarter was also confirmed for the full fiscal year. Revenue increased, while operating profit declined against the backdrop of a higher cost ratio resulting from rising brass prices. - FY2017-Q3RestatedAnnual report
「Revenue was ¥5,911 million, an increase of ¥483 million, or 8.9%, year on year. On the earnings side, the cost ratio increased mainly because of higher prices for brass, a major raw material. Operating profit was ¥364 million, a decrease of ¥123 million, or 25.2%, year on year.」
The pattern of higher revenue and lower operating profit seen in the previous quarter continued through the cumulative third quarter. Revenue increased, while operating profit declined against the backdrop of a higher cost ratio resulting from rising brass prices. - FY2017-Q2Shift to revenue growth and operating profit declineAnnual report
「Revenue was ¥4,114 million, an increase of ¥340 million, or 9.0%, year on year. On the earnings side, the cost ratio increased mainly because of higher prices for brass, a major raw material. Operating profit was ¥363 million, a decrease of ¥18 million, or 4.8%, year on year.」
The pattern has shifted from lower revenue and higher operating profit through the previous fiscal year to higher revenue but lower operating profit in the current quarter, as a result of rising raw material prices. - FY2016RestatedAnnual report
「Consolidated revenue was ¥7,537 million, a decrease of ¥119 million, or 1.6%, from the previous fiscal year. On the earnings side, the cost ratio declined because brass prices, a major raw material, remained low and the company worked to reduce various expenses. Consolidated operating profit was ¥757 million, an increase of ¥130 million, or 20.8%, from the previous fiscal year.」
For the full fiscal year, revenue declined while operating profit increased against the backdrop of a lower cost ratio resulting from lower brass prices and reductions in various expenses. - FY2016-Q3RestatedAnnual report
「Total revenue was ¥5,427 million, a decrease of ¥84 million, or 1.5%, year on year. On the earnings side, the cost ratio declined as brass prices, a major raw material, eased somewhat from last year's highs. Operating profit was ¥487 million, an increase of ¥116 million, or 31.3%, year on year.」
Revenue declined year on year, while operating profit increased against the backdrop of a lower cost ratio resulting from the easing of brass prices. - FY2016-Q2First statedAnnual report
「Revenue was ¥3,773 million, a decrease of ¥23 million, or 0.6%, year on year. On the earnings side, the cost ratio declined slightly as brass prices, a major raw material, eased somewhat from last year's highs. Operating profit was ¥381 million, an increase of ¥87 million, or 29.6%, year on year.」
Revenue declined year on year, while operating profit increased against the backdrop of a lower cost ratio.