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Toyo Denki Seizo K.K.(Toyo Electric Mfg.Co.,Ltd.) (6505) · FactHigher sales and a return to ordinary profit, with a narrower operating loss but lower net profit

First-Quarter Sales Decline and Losses Recorded

First written in FY2017-Q1. 1 of 9 entries say "Restated". Latest entry: FY2024-Q1.

9entries
8years
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ProgressHeldSoftenedWorseOtherFY2017-Q1 – FY2024-Q12016: 12017: 120172018: 120182019: 220192020: 120202021: 120212022: 120222023: 12023
Same theme, other companies
Earnings Progress Driven by Changes in Consolidated Net Sales and a Narrower Operating LossA theme 104 companies write about · 26 as a headwind · 69 as a tailwind

The whole theme swung hardest in 2020: 25 of 89 companies on the "Worse" side.

45 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 104 companies compared. The sentences above are computed from all 104.
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  1. FY2024-Q1Higher sales and a return to ordinary profit, with a narrower operating loss but lower net profitAnnual report

    「Revenue increased 5.6% year on year to ¥6,658 million. Operating income improved by ¥203 million year on year to an operating loss of ¥62 million. Ordinary income improved by ¥179 million to ¥176 million, while quarterly net income attributable to owners of the parent decreased 24.6% to ¥148 million.」

    In the first quarter, revenue increased and the operating loss narrowed. Ordinary income turned from a loss in the previous year to a profit of ¥176 million. However, quarterly net income attributable to owners of the parent decreased 24.6% year on year to ¥148 million.
  2. FY2023-Q1Revenue decline, but narrower operating and ordinary losses and higher net incomeAnnual report

    「Revenue decreased 6.6% year on year to ¥6,305 million. In terms of earnings, the operating loss improved by ¥73 million year on year to ¥266 million. Ordinary income improved by ¥142 million to an ordinary loss of ¥3 million, partly due to the impact of foreign exchange gains associated with the depreciation of the yen. Net income attributable to owners of the parent increased 72.2% to ¥196 million, partly due to gains on the sale of fixed assets and investment securities.」

    In the first quarter, revenue decreased, but the operating and ordinary losses narrowed from the previous year, while quarterly net income attributable to owners of the parent increased to ¥196 million.
  3. FY2022-Q1Revenue decline, operating and ordinary losses, while net profitability was maintainedAnnual report

    「Revenue decreased 14.0% year on year to ¥6,752 million. In terms of earnings, operating income decreased by ¥509 million year on year to an operating loss of ¥339 million, and ordinary income decreased by ¥410 million to an ordinary loss of ¥145 million. Net income attributable to owners of the parent decreased 63.8% to ¥114 million.」

    In the first quarter, revenue decreased 14.0% year on year, and operating income and ordinary income moved into loss. However, net income attributable to owners of the parent remained profitable at ¥114 million.
  4. FY2021-Q1Revenue decline, but a return to operating and ordinary profitability and higher net incomeAnnual report

    「Order intake decreased 18.4% year on year to ¥7,628 million. Revenue decreased 11.2% to ¥7,848 million. In terms of earnings, operating income improved by ¥221 million year on year to ¥169 million, ordinary income improved by ¥304 million to ¥265 million, and quarterly net income attributable to owners of the parent increased 245.9% to ¥315 million following efforts to reduce certain cross-shareholdings.」

    In the first quarter, order intake and revenue were below the previous year, while operating income was ¥169 million and ordinary income was ¥265 million, representing a return to profitability from losses in the previous year. Quarterly net income attributable to owners of the parent also increased to ¥315 million.
  5. FY2020-Q1First-quarter revenue growth with an operating loss continuing, a narrower ordinary loss and a return to net profitabilityAnnual report

    「Revenue increased 1.7% year on year to ¥8,841 million. In terms of earnings, the operating loss improved by ¥532 million year on year to ¥51 million, and the ordinary loss improved by ¥508 million to ¥39 million. Quarterly net income attributable to owners of the parent improved by ¥439 million to ¥91 million following efforts to reduce certain cross-shareholdings.」

    In the first quarter, revenue increased, and the operating and ordinary losses narrowed from the previous year. Quarterly net income attributable to owners of the parent was ¥91 million, representing a return to profitability from the loss recorded in the previous year.
  6. FY2019Full-year revenue decline and higher operating income, followed by lower ordinary income and an improvement in operating incomeAnnual report

    「Revenue decreased 3.2% year on year to ¥41,172 million. In terms of earnings, operating income increased 52.0% year on year to ¥557 million, ordinary income decreased 3.8% to ¥495 million, and net income attributable to owners of the parent decreased 0.3% to ¥690 million.」

    For the full year, revenue, ordinary income and net income were below the previous year, while operating income increased 52.0%, indicating improved operating profitability against a backdrop of improvement in the Industrial Business.
  7. FY2019-Q1First-quarter revenue growth with losses continuing, but narrower lossesAnnual report

    「Revenue increased 24.9% year on year to ¥8,689 million, as all of the Transportation, Industrial and Information Equipment businesses increased. In terms of earnings, the operating loss improved by ¥241 million year on year to ¥584 million, and the ordinary loss improved by ¥153 million to ¥548 million. Quarterly net income attributable to owners of the parent improved by ¥52 million to a loss of ¥348 million, due to the recognition of a ¥95 million gain on the sale of investment securities following the reduction of certain cross-shareholdings.」

    In the first quarter, revenue increased across all businesses, while operating income, ordinary income and net income remained in the red; the loss margins narrowed from the previous year.
  8. FY2018-Q1RestatedAnnual report

    「Revenue decreased 10.4% year on year to ¥6,958 million, due to declines in the Transportation and Industrial businesses. Operating income decreased by ¥292 million year on year to an operating loss of ¥826 million, while ordinary income decreased by ¥41 million to an ordinary loss of ¥701 million. However, quarterly net income attributable to owners of the parent improved by ¥51 million to a loss of ¥400 million, due to the recognition of a ¥168 million gain on the sale of investment securities following the reduction of certain cross-shareholdings.」

    In the first quarter, revenue decreased 10.4% year on year, and the Company recorded an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent. The operating loss widened from the previous year, while the quarterly net loss attributable to owners of the parent improved due to the gain on the sale of investment securities.
  9. FY2017-Q1First statedAnnual report

    「Revenue decreased 12.1% year on year to ¥7,767 million, mainly due to a decline in the Industrial Business. In terms of earnings, operating income decreased by ¥700 million year on year to an operating loss of ¥533 million. Ordinary income decreased by ¥781 million to an ordinary loss of ¥659 million, mainly due to the recognition of a ¥214 million foreign exchange loss associated with the appreciation of the yen. Net income attributable to owners of the parent decreased by ¥411 million to a quarterly net loss of ¥452 million.」

    In the first quarter, revenue decreased 12.1% year on year, and the Company recorded an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent.
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First-Quarter Sales Decline and Losses Recorded | TOYO DENKI SEIZO K.K.(TOYO ELECTRIC MFG.CO.,LTD.) (6505) | Komori