Differences in regional performance growth
First written in FY2017-Q1. 23 of 41 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-09-28.
Sanoh Industrial moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 4 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「Profitability deteriorated because of the impact of US tariff measures, unusual expenses related to import issues and higher costs associated with new launches, resulting in an operating loss of ¥327 million, compared with operating profit of ¥1.744 billion in the previous fiscal year.」
Japan, Europe and Asia secured operating profit, while North and South America changed to an operating loss and China continued to report an operating loss, widening the regional performance gap. - FY2026-H1RestatedAnnual report
「As a result, the financial position and operating results for the current interim consolidated accounting period are as follows.」
Regional performance gaps persisted. Japan reported higher revenue and profit from equipment and component sales related to new launches; North and South America reported higher profit despite lower revenue due to the foreign-exchange translation effect; Europe reported lower revenue and profit due to sluggish sales; China reported lower revenue due to weak sales at Japanese-affiliated customers but a narrower operating loss; and Asia reported slightly higher revenue and profit. - FY2025WorsenedAnnual report
「Europe: Revenue declined to ¥2,152.0 million, down 3.0% year on year, as lower sales due to sluggish sales volumes at European customers outweighed the foreign-exchange translation effect of the weaker yen. Delays in passing on higher material and labor costs amid inflation, together with higher fixed costs such as system-related expenses, resulted in an operating loss of ¥11.8 million, compared with operating profit of ¥91.1 million in the previous fiscal year. China: Revenue declined sharply to ¥1,301.2 million, down 26.4%, as the sales slump at Japanese-affiliated customers continued. In addition to lower profit associated with the substantial revenue decline, higher fixed costs including severance payments associated with workforce reductions resulted in an operating loss of ¥96.3 million, compared with operating profit of ¥82.4 million in the previous fiscal year.」
Europe and China changed to operating losses, while North and South America and Asia reported higher profit and Japan reported lower profit, widening the performance gap between regions. - FY2025-H1WorsenedAnnual report
「China: Revenue declined sharply to ¥613.7 million, down 24.0% year on year, as the sales slump at Japanese-affiliated customers accelerated. In addition to lower profit associated with lower revenue, cost controls in response to sharp fluctuations in production volumes and severance costs associated with workforce reductions resulted in an operating loss of ¥48.6 million, compared with operating profit of ¥9.1 million in the same period of the previous year.」
China reported sharply lower revenue, and operating profit changed from profit in the same period of the previous year to a loss of ¥48.6 million. North and South America and Asia, meanwhile, reported higher profit, widening the regional performance gap. - FY2024MitigatedAnnual report
「Japan reported operating profit of ¥208.3 million, North and South America ¥171.7 million, Europe ¥91.1 million and Asia ¥238.4 million. China, meanwhile, reported operating profit of ¥82.4 million.」
Japan, North and South America and Europe improved from losses or low levels in the previous fiscal year to operating profitability, with all regions reporting operating profit. China, however, reported lower revenue and profit due to customer production cuts associated with the shift to EVs, and regional differences remain. - FY2024-Q3WorsenedAnnual report
「④ China: Revenue declined to ¥1,235.4 million, down 17.2% year on year, due to lower customer production volumes associated with the accelerating shift to EVs. Although the Company pursued cost controls in response to fluctuations in production volumes and reduced fixed costs including labor costs, the impact of lower revenue was significant, resulting in operating profit of ¥25.4 million, down 70.6%.」
Japan, North and South America, Europe and Asia reported higher revenue and profit, while China reported sharply lower revenue and profit due to production cuts associated with the shift to EVs, causing the regional performance gap to widen again. - FY2024-Q2MitigatedAnnual report
「① Japan: Revenue increased to ¥1,449.8 million, up 15.0% year on year, as the impact of production cuts associated with semiconductor shortages and supply-chain disruptions diminished. In addition to higher revenue, stable operations and continued fixed-cost controls resulted in operating profit of ¥87.9 million, up 286.2%. ② North and South America: Customer production cuts associated with semiconductor shortages in North America showed signs of easing, and together with the foreign-exchange translation effect of the weaker yen, revenue increased to ¥2,781.6 million, up 26.9%. Operating profit was ¥53.5 million, compared with an operating loss of ¥215.8 million in the same period of the previous year, representing a substantial recovery from the prior-year operating deficit due to the effect of passing on higher costs and improving operating conditions.」
Japan and North and South America improved to higher revenue and profit and operating profitability due to easing supply constraints, more stable operations and the passing on of higher costs. Europe and Asia also secured operating profitability, while China reported lower revenue and profit, and regional differences remain. - FY2024-Q1MitigatedAnnual report
「① Japan: Revenue increased to ¥691.6 million, up 17.3% year on year, as the impact of production cuts caused by semiconductor shortages and supply-chain disruptions diminished. In addition to higher revenue, stable operations and continued fixed-cost controls resulted in operating profit of ¥17.4 million, compared with an operating loss of ¥4.2 million in the same period of the previous year. ② North and South America: Customer production cuts associated with semiconductor shortages in North America showed signs of easing, and together with the foreign-exchange translation effect of the weaker yen, revenue increased to ¥1,307.3 million, up 29.0%. Operating performance improved as operating loss narrowed to ¥8.5 million, compared with ¥90.0 million in the same period of the previous year, due to the effect of passing on higher costs and improving operating conditions. ③ Europe: Revenue increased to ¥555.4 million, up 34.2%, due to production recovery from semiconductor shortages and supply-chain disruptions related to the Russia-Ukraine situation, as well as the impact of exchange-rate translation from the weaker yen. Profitability recovered as the Company made progress in passing on higher fixed costs, including soaring material costs, labor costs amid inflation, and production costs such as utilities. Operating profit was ¥22.1 million, compared with an operating loss of ¥1.8 million in the same period of the previous year. ④ China: Revenue declined to ¥405.5 million, down 17.0%, due to lower customer sales volumes associated with the accelerating shift to EVs. ⑤ Asia: Revenue increased to ¥684.8 million, up 14.2%, due to the foreign-exchange impact of the weaker yen and stable operations.」
Japan returned from an operating loss to profitability, Europe changed from an operating loss to operating profit, and North and South America’s operating loss narrowed from ¥90.0 million to ¥8.5 million. China, however, reported lower revenue and profit because of lower customer sales volumes associated with the shift to EVs. Regional differences have narrowed somewhat but remain. - FY2023-Q3WorsenedAnnual report
「② North and South America: Revenue increased to ¥3,041.8 million, up 29.7% year on year, due to higher actual production compared with the same period of the previous year despite fluctuations caused by semiconductor shortages, as well as the impact of exchange-rate translation from the weaker yen. Operating performance resulted in an operating loss of ¥336.8 million, compared with an operating loss of ¥74.7 million in the same period of the previous year, due to delays in passing on sharp increases in fixed costs, including higher transportation costs, inflation including material costs and higher labor costs amid labor shortages, as well as the adverse impact of higher fixed costs associated with production disruptions in North America.」
Asia reported higher profit, while Japan, North and South America, Europe and China either reported lower profit or operating losses. In particular, North and South America’s operating loss widened from ¥74.7 million to ¥336.8 million, widening the performance gap between regions. - FY2023-Q2WorsenedAnnual report
「② North and South America: Revenue increased to ¥1,898.6 million, up 16.8%, but actual revenue excluding the impact of exchange-rate translation from the weaker yen declined because of customer production cuts associated with semiconductor shortages in North America. Operating performance resulted in an operating loss of ¥217.2 million, compared with operating profit of ¥18.8 million in the same period of the previous year, as the operating deficit that began in the second half of the previous fiscal year widened due to delays in passing on sharp cost increases, including higher transportation costs, inflation including material costs and higher labor costs amid labor shortages.」
North and South America and Europe reported operating losses, while China and Asia also reported lower profit. Regional performance gaps and deterioration widened from the same period of the previous year, when profit improvement had been confirmed in all regions. - FY2023-Q1WorsenedAnnual report
「① Japan: Revenue declined to ¥589.8 million, down 6.3% year on year, as production cuts caused by semiconductor shortages and supply-chain disruptions continued. In addition to the decline in value added associated with lower revenue, fixed costs increased as activities aimed at the future resumed with the normalization following the COVID-19 pandemic, resulting in an operating loss of ¥4.2 million, compared with operating profit of ¥68.7 million in the same period of the previous year. ② North and South America: Revenue increased to ¥868.7 million, up 5.9%, but actual revenue excluding the impact of exchange-rate translation from the weaker yen declined because of customer production cuts associated with semiconductor shortages in North America. Operating performance resulted in an operating loss of ¥91.6 million, compared with operating profit of ¥25.5 million in the same period of the previous year, as the operating deficit that began in the second half of the previous fiscal year continued amid actual lower revenue, disrupted logistics networks, soaring transportation costs, inflation including material costs and higher labor costs amid labor shortages. ③ Europe: Revenue declined to ¥558.9 million, down 5.1%, amid semiconductor shortages and supply-chain disruptions related to the Russia-Ukraine situation. In addition to lower profit associated with lower revenue, the operating loss of ¥2.0 million, compared with operating profit of ¥38.4 million in the same period of the previous year, reflected the inability to pass on higher material, production and labor costs. ④ China: Although revenue declined in some regions because of production stoppages and other effects of the zero-COVID policy, the impact of foreign-exchange translation due to the weaker yen offset this, resulting in revenue of ¥488.6 million, up 8.5%. Continued cost reductions also contributed to operating profit of ¥30.3 million, up 15.8%. ⑤ Asia: Revenue increased to ¥599.5 million, up 30.0%, due to increased production as output recovered from the spread of COVID-19. In addition to the effect of higher revenue, continued fixed-cost reduction initiatives, including labor costs, contributed to operating profit of ¥70.0 million, up 26.2%.」
China and Asia reported higher revenue and profit, while Japan, North and South America and Europe reported operating losses, widening the regional profit and loss gap. - FY2022WorsenedAnnual report
「Japan: Revenue declined to ¥2,489.7 million, down 8.9% year on year, as production cuts caused by supply problems involving semiconductors and resin materials continued. North and South America: Operating performance resulted in an operating loss of ¥172.9 million due to actual lower revenue, disrupted logistics networks, soaring transportation costs, inflation including material costs, and higher labor costs amid labor shortages. Europe: Operating profit was ¥2.5 million, down 96.8%.」
China and Asia reported higher profit, while Japan reported lower revenue, North and South America reported an operating loss, and Europe was approximately at breakeven. The performance gap between regions widened. - FY2022-Q3WorsenedAnnual report
「① Japan: Revenue declined to ¥1,845.3 million, down 6.9% year on year, due to production cuts caused by supply problems involving semiconductors and resin materials. ② North and South America: Although production declines caused by semiconductor shortages and disruption across the supply chain had an impact, recovery from production stoppages caused by the spread of COVID-19 in the same period of the previous year resulted in higher revenue of ¥2,344.5 million, up 6.8%. Operating performance resulted in an operating loss of ¥74.7 million, compared with an operating loss of ¥38.7 million in the same period of the previous year, due to disrupted logistics networks, soaring transportation costs, inflation including material costs, higher labor costs amid labor shortages and other factors. ③ Europe: Revenue increased to ¥1,599.3 million, up 9.4%. Although the effects of fixed-cost reductions continued, operating profit declined to ¥24.2 million, down 31.2%, due to sharp fluctuations in production volumes at automakers and surging raw-material prices. ④ China: Revenue was ¥1,387.2 million, up 2.6%, and operating profit was ¥108.9 million, up 40.2%. ⑤ Asia: Revenue was ¥1,368.7 million, up 37.9%, and operating profit was ¥139.5 million, up 597.4%.」
China and Asia reported higher revenue and profit, while Japan reported lower revenue, North and South America reported a wider operating loss, and Europe reported lower profit despite higher revenue. The performance gap between regions widened. - FY2022-Q2MitigatedAnnual report
「① Japan: Revenue was ¥1,192.5 million, up 5.0% year on year. Despite the impact of production cuts caused by supply problems involving semiconductors and resin materials, revenue recovered from the same period of the previous year, which was heavily affected by COVID-19, and increased. The continued effects of fixed-cost controls from the previous fiscal year also contributed, resulting in operating profit of ¥105.7 million, compared with an operating loss of ¥126.5 million in the same period of the previous year. ② North and South America: Although production cuts caused by shortages of semiconductors and resin materials had an impact, revenue increased to ¥1,626.2 million, up 29.6%, due to recovery from production stoppages caused by the spread of COVID-19 in the same period of the previous year. Despite higher transportation costs amid disruptions to ocean shipping, operating profit recovered to ¥18.8 million, compared with an operating loss of ¥95.4 million in the same period of the previous year, due to higher revenue and continued fixed-cost reductions. ③ Europe: Revenue increased to ¥1,132.3 million, up 25.5%, recovering from the production stoppages caused by the spread of COVID-19 in the previous fiscal year. The impact of supply-chain disruptions, including semiconductor shortages, was limited. Operating profit improved to ¥52.6 million, compared with an operating loss of ¥23.2 million in the same period of the previous year, despite the adverse impact of raw-material market conditions, as the effects of fixed-cost reductions continued. ④ China: Revenue increased steadily to ¥945.1 million, up 17.4%, and exceeded the level of the same period of the previous year, when China had recovered earlier than other regions from the impact of COVID-19. Cost reductions from narrowing the range of purchased items and curbing overtime also contributed, resulting in operating profit of ¥75.5 million, up 118.9%. ⑤ Asia: Revenue increased to ¥915.8 million, up 53.3%. Although India was affected by lower revenue associated with the spread of COVID-19, the recovery in other parts of Asia led to higher revenue for the region as a whole. Continued fixed-cost reduction initiatives, including labor costs, also contributed, with operating profit recovering to ¥100.3 million from an operating loss of ¥8.7 million in the previous fiscal year.」
All regions secured operating profit, with Japan, North and South America, Europe and Asia recovering to profitability from operating losses in the same period of the previous year. However, shortages of semiconductors and resin materials and disruptions to ocean shipping continued to have an impact. - FY2022-Q1RestatedAnnual report
「② North and South America: Revenue declined to ¥820.2 million, down 13.9% year on year, due to lower customer production caused by shortages of semiconductors and resin materials. ③ Europe: Revenue increased to ¥588.8 million, up 2.5%, due mainly to production recovery at the UK subsidiary, which had suspended operations in the same period of the previous year because of the spread of COVID-19. ④ China: Although lower customer production due to semiconductor shortages had an impact, recovery from customer shutdowns caused by the spread of COVID-19 in the same period of the previous year led to revenue of ¥450.2 million, up 74.5%.」
Regional performance gaps have persisted. North and South America reported lower revenue because of supply shortages, while Europe, China and Asia recovered from the impact of the infectious disease in the same period of the previous year. - FY2021MitigatedAnnual report
「The Company recovered, achieving a return to operating profitability in all regions, partly through the effects of fixed-cost reductions from the rationalization of unprofitable sites and structural reforms, as well as company-wide fixed-cost reduction initiatives.」
Although revenue still varied by region, all regions, namely Japan, North and South America, Europe, China and Asia, reported full-year operating profit, narrowing the interregional profit and loss gap seen through the previous year. - FY2021-Q3AdvancedAnnual report
「Europe: Revenue was ¥1,461.4 million, down 25.6% year on year, due to the economic contraction caused by the spread of COVID-19. Production has been recovering since the gradual lifting of lockdown restrictions in July 2020. The effects of structural reforms implemented since the previous year, reduced working hours, and fixed-cost reductions, including the use of government subsidy programs, contributed to operating profit of ¥35.1 million, enabling a return to operating profitability from an operating loss of ¥32.0 million in the same period of the previous year. China: Operations were temporarily suspended after the Lunar New Year holidays as COVID-19 spread, but recovered from April 2020 onward. Revenue was ¥1,352.6 million, up 2.2% year on year, and a strong recovery continued ahead of other regions. Measures including fixed-cost reductions and applications for government subsidies also contributed, resulting in operating profit of ¥77.7 million, up 148.8%.」
Although regional performance gaps remain, Europe returned to operating profitability from an operating loss in the same period of the previous year, while China continued to report higher revenue and profit. The factors cited for the improvement were the recovery in revenue, structural reforms, fixed-cost reductions and the use of government subsidy programs. - FY2021-Q2WorsenedAnnual report
「① Japan: Revenue declined to ¥1,135.2 million, down 37.0% year on year, due to the impact of customer shutdowns as COVID-19 spread. ② North and South America: Revenue declined sharply to ¥1,254.8 million, down 43.5%, due to production stoppages caused by COVID-19. ③ Europe: Revenue declined to ¥902.4 million, down 27.8%, amid the severe impact of the spread of COVID-19. ④ China: Revenue declined to ¥805.0 million, down 7.6%. ⑤ Asia: Revenue declined sharply to ¥597.4 million, down 45.6%, due mainly to the impact of customer production cuts caused by COVID-19.」
The infectious disease caused revenue to decline in all regions, namely Japan, North and South America, Europe, China and Asia. Japan, North and South America, Europe and Asia reported operating losses, while only China remained profitable. Regional performance gaps and overall deterioration emerged simultaneously. - FY2021-Q1WorsenedAnnual report
「① Japan: Revenue declined to ¥432.7 million, down 51.9% year on year, due to the impact of customer shutdowns as COVID-19 spread. ② North and South America: Revenue declined to ¥953.0 million, down 14.8%, amid temporary production stoppages caused by COVID-19. ③ Europe: Revenue declined to ¥574.5 million, down 9.3%, due mainly to the continued shutdown of the UK subsidiary as COVID-19 spread. ④ China: Revenue declined to ¥258.0 million, down 33.7%, due to the impact of temporary production stoppages as COVID-19 spread, and the segment reported an operating loss of ¥6.8 million. ⑤ Asia: Revenue declined to ¥369.0 million, down 35.8%, due mainly to the impact of production stoppages at the Indian subsidiary related to COVID-19.」
All regions, namely Japan, North and South America, Europe, China and Asia, experienced operating or production stoppages and lower revenue due to the infectious disease, resulting in pronounced regional performance gaps and deterioration. - FY2020-Q3RestatedAnnual report
「① Japan: Revenue was ¥2,658.9 million, down 0.3% year on year, and operating profit was ¥213.2 million, up 109.0%. ② North and South America: Revenue was ¥3,155.9 million, down 3.2%, and operating profit was ¥71.9 million, down 41.1%. ③ Europe: Revenue was ¥1,963.8 million, up 12.8%, and the operating loss was ¥32.0 million, compared with an operating loss of ¥139.5 million in the same period of the previous year. ④ China: Revenue was ¥1,324.0 million, up 20.1%, and operating profit was ¥31.2 million, up 145.4%. ⑤ Asia: Revenue was ¥1,626.3 million, down 2.4%, and operating profit was ¥147.9 million, down 8.0%.」
Japan, China and Europe improved, while North and South America and Asia reported lower revenue and profit. Performance gaps between regions have persisted. - FY2020-Q2RestatedAnnual report
「① Japan: Revenue was ¥1,802.7 million, up 6.0% year on year, and operating profit was ¥144.3 million, up 268.9%. ② North and South America: Revenue was ¥2,222.3 million, up 1.1%, and operating profit was ¥56.8 million, down 49.8%. ③ Europe: Revenue was ¥1,250.3 million, down 1.5%, and the operating loss was ¥7.5 million, compared with an operating loss of ¥26.0 million in the same period of the previous year. ④ China: Revenue was ¥871.6 million, up 21.3%, and operating profit was ¥25.5 million, up 43.5%. ⑤ Asia: Revenue was ¥1,097.6 million, down 1.3%, and operating profit was ¥94.3 million, down 9.7%.」
Japan and China reported higher revenue and profit, while North and South America and Asia reported lower profit, and Europe’s operating loss narrowed. Performance gaps between regions have persisted. - FY2020-Q1RestatedAnnual report
「For the cumulative first quarter, revenue increased mainly in China and Japan due to new launches and higher customer production volumes, but profit declined in North and South America, China and Asia because of higher material prices and labor and other costs.」
Japan and Europe either increased operating profit or maintained operating profitability, while North and South America, China and Asia reported lower profit. Performance gaps between regions have persisted. - FY2019WorsenedAnnual report
「Revenue increased mainly in Asia and China due to new launches and higher customer production volumes, but profit declined in Europe and China because of higher fixed costs, including labor costs. In addition, profit declined in North and South America because of lower revenue in Mexico.」
Asia reported higher revenue and profit, while North and South America reported lower revenue and profit. Europe’s operating loss widened from ¥1.02 billion to ¥3.23 billion, and China reported higher revenue but a 80.2% decline in operating profit. - FY2019-Q3WorsenedAnnual report
「For the cumulative third quarter, revenue increased mainly in Asia and China due to new launches and higher customer production volumes, but profit declined in Europe and China because of higher fixed costs, including labor costs. In addition, profit declined in North and South America because of lower revenue in Mexico.」
Revenue increased mainly in Asia and China, while North and South America saw lower revenue due to lower revenue in Mexico, Europe reported a wider operating loss, and China reported higher revenue but lower profit. The performance gap between regions widened further. - FY2019-Q2WorsenedAnnual report
「For the cumulative second quarter, revenue increased mainly in Asia and China due to new launches and higher customer production volumes, but profit declined in Europe and China because of higher material prices and fixed costs, including labor costs. In addition, profit declined in North and South America because of lower revenue in Mexico.」
Japan and Asia reported higher profit, while Europe’s operating loss widened and China and North and South America reported lower profit. Performance gaps between regions have persisted. - FY2019-Q1WorsenedAnnual report
「For the cumulative first quarter, revenue increased mainly in Asia and Europe due to new launches and higher customer production volumes, but profit declined in Asia, Europe and China because of higher material prices and fixed costs, including labor costs. In addition, profit declined in North and South America because of lower revenue in the United States and Mexico.」
Profit declined in North and South America excluding Japan, Europe, China and Asia, widening the performance gap between regions from the previous quarter. - FY2018-Q3RestatedAnnual report
「The decline in profit in North and South America and Japan exceeded the recovery in Europe and improvement in Asia. Revenue was ¥102,602 million, up 4.1% year on year, while operating profit was ¥3,602 million, down 23.8%, resulting in higher revenue but lower profit.」
The performance gap among regions continued, with Europe and Asia improving while North and South America and Japan posted lower profit. - FY2018-Q2RestatedAnnual report
「For the six months ended September 2023, the decline in profit in North and South America and Japan exceeded the recovery in Europe. Revenue was ¥68,349 million, up 3.7% year on year, while operating profit was ¥2,997 million, down 20.6%, resulting in higher revenue but lower profit.」
Europe narrowed its operating loss and Asia posted higher profit, while Japan, North and South America and China posted lower operating profit. The performance gap among regions continued in a different form. - FY2018-Q1RestatedAnnual report
「Japan: Revenue was ¥8,331 million, up 2.6% year on year, due to higher customer production volumes and other factors, but operating profit fell to ¥245 million, down 23.5%, mainly due to higher fixed costs including personnel and equipment expenses. Europe: In addition to lower variable costs including material costs at the German subsidiary, the recovery of the Russian subsidiary and continued strong performance by the U.K. subsidiary contributed to operating profit of ¥266 million, compared with an operating loss of ¥58 million in the same period of the previous year. Asia: Higher production volumes for existing and new models contributed to higher sales at subsidiaries in Thailand and Indonesia. Across the region, revenue was ¥5,104 million, up 8.8% year on year, and operating profit was ¥693 million, up 30.5%, resulting in higher revenue and higher profit.」
Europe recovered from an operating loss to operating profit, and Asia also posted higher profit, while operating profit declined in Japan, North and South America and China. The performance gap among regions continued in a different form. - FY2017WorsenedAnnual report
「Although growth in automobile sales in North America showed signs of slowing, profit increased to ¥3,985 million, up 19.3% year on year, due to higher production and sales volumes at the company’s customers and other factors. In addition, operating profit in Europe was an operating loss of ¥1,193 million, compared with operating profit of ¥56 million in the previous year, as personnel and outsourcing costs increased due to production disruptions involving newly launched products at the German subsidiary. In China, revenue rose 8.7% to ¥12,325 million, but operating profit fell 43.3% to ¥325 million.」
While North and South America and Asia secured higher profit, Europe shifted from operating profit to an operating loss of ¥1,193 million, and China’s profit declined despite higher revenue, widening the performance gap among regions. - FY2017-Q3WorsenedAnnual report
「Although growth in automobile sales in North and South America showed signs of slowing, profit increased to ¥2,961 million, up 41.9% year on year, due to higher production and sales volumes at the company’s customers and other factors. In addition, operating profit in Europe was an operating loss of ¥1,023 million, compared with operating profit of ¥417 million in the previous year, as personnel and outsourcing costs increased due to production disruptions involving newly launched products at the German subsidiary.」
While North and South America, China and Asia maintained higher profit, Europe’s operating loss expanded from operating profit in the previous year, widening the performance gap among regions. - FY2017-Q2WorsenedAnnual report
「Higher revenue and operating profit in North and South America, Asia and China offset the deterioration in Europe. Revenue was ¥65,915 million, up 3.4% year on year, and operating profit was ¥3,776 million, up 28.2%, resulting in higher revenue and higher profit.」
Differences in performance by region continued. While North and South America, China and Asia grew, Europe posted an operating loss due to deteriorating performance. - FY2017-Q1First statedAnnual report
「In North and South America, revenue rose 11.4% year on year to ¥11,816 million and operating profit rose 207.0% to ¥1,443 million due to higher customer production volumes, the foreign exchange impact of a stronger dollar and weaker peso, and other factors, resulting in higher revenue and higher profit. In China, higher customer production volumes resulted in revenue of ¥3,181 million, up 51.8%, and operating profit of ¥222 million, compared with operating profit of ¥5 million in the previous year, resulting in higher revenue and higher profit.」
While North and South America, China and Asia grew, Japan weakened due to lower customer production volumes, and Europe weakened due to new production launch costs and other factors.