Improving margins through manufacturing gross profit, development profitability and SG&A management
First written in FY2024. 3 of 5 entries say "Worsened", first in 2026-04-28. Latest entry: 2026-07-29.
- 2026-07-29WorsenedEarnings
「Research and development expenses were ¥16,978 million, up 19.2% year on year, due to continued high levels of development investment for advanced development, in addition to prototype-related activities associated with the launch of new mass-produced products for data centers and automotive applications in North America from the second half onward.」
Research and development expenses increased as the company launched new mass-produced products and continued investing in advanced development, contributing to the recording of an operating loss. - FY2026WorsenedAnnual report
「主に、比較的粗利率の低い新製品の量産が始まったことにより、製品原価率が上昇し、売上総利益が減少しました。」
新製品量産により売上原価率が44.9％から55.3％へ上昇し、売上総利益は13.6％減、営業利益率は13.3％から6.2％へ低下した。 - 2026-04-28WorsenedRevision of earnings forecasts
「Cost of sales was ¥111,057 million, up 31.2% from the previous consolidated fiscal year, while gross profit was ¥89,777 million, down 13.6%. This was due to an increase in the product cost ratio following the start of mass production of new products with relatively low gross margins. Selling, general and administrative expenses were ¥77,423 million, down 1.9%. They were broadly in line with the previous consolidated fiscal year because investment in development for advanced development and other purposes continued at a high level.」
The start of mass production of new products with low gross margins increased the product cost ratio and reduced gross profit. Investment in advanced development also continued at a high level. - FY2026-H1Higher cost ratio due to new-product mass productionAnnual report
「これは、比較的粗利率の低い新規品の量産が始まったことによる製品原価率の上昇、先行開発のための開発投資を継続していること等によるものです。」
新規品の量産開始に伴う製品原価率の上昇と先行開発投資の継続が、営業利益減少の要因として記載されている。 - FY2024First statedAnnual report
「また、営業利益拡大への施策としては、従来に引き続き製造粗利益の改善、開発収支の改善、販売管理費の適正な管理等に取り組んでいきます。」
製造粗利益、開発収支、販売管理費を通じて営業利益を拡大する施策を、第二の変革における課題として明示している。