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Sanoh Industrial (6584) · InitiativeWorsened

Sales Growth in China Through New Program Launches

First written in FY2017-Q2. 16 of 36 entries say "Worsened", first in FY2019. Latest entry: 2026-08-07.

36entries
11years
5from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2023-Q2 – 2026-08-072016: 12017: 420172018: 320182019: 420192020: 320202021: 420212022: 420222023: 320232024: 320242025: 120252026: 62026
Same theme, other companies
Launch and sales expansion of products for Chinese automakersA theme 3 companies write about · 0 as a headwind · 4 as a tailwind

Sanoh Industrial moved to the "Worse" side of this theme in 2023.

1 other company's latest entry also says "Worsened".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「China: Revenue was ¥10,988 million, down 15.6% year on year, due to continued weak sales by Japanese customers and the withdrawal from certain businesses. Although the decline in revenue affected profit, the reduction in personnel expenses from workforce restructuring carried out in the previous fiscal year and lower depreciation and amortization following the impairment loss recognized in the previous fiscal year reduced the operating loss to ¥348 million, compared with an operating loss of ¥963 million in the previous fiscal year.」

    In China, revenue declined 15.6% due to weak sales by Japanese customers and the withdrawal from certain businesses. The operating loss continued, although cost reductions narrowed the loss.
  2. FY2025WorsenedAnnual report

    「China: Revenue declined significantly to ¥13,012 million, down 26.4% year on year, as weak sales by Japanese customers continued. In terms of earnings, in addition to the decline in profit accompanying the substantial revenue decrease, higher fixed costs, including severance payments associated with workforce reductions, resulted in an operating loss of ¥963 million, compared with operating income of ¥824 million in the previous fiscal year.」

    In China, weak sales by Japanese customers continued, with revenue declining 26.4% and operating income turning from a profit into a ¥963 million loss.
  3. 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's business deteriorated from growth driven by new project launches and cost reductions to lower revenue, lower profit and an operating loss due to weak sales by Japanese customers, fluctuations in production volumes and personnel-reduction costs.
  4. FY2024WorsenedAnnual report

    「China: Revenue declined to ¥17,684 million, down 9.7% year on year, due to lower customer production volumes accompanying the accelerating shift to EVs. Although the company pursued cost controls in response to changes in production volumes and reductions in fixed costs, including personnel expenses, the impact of lower revenue was significant, and operating income declined to ¥824 million, down 33.5% year on year.」

    In China, customer production cuts resulting from the accelerating shift to EVs continued throughout the year, resulting in a 9.7% decline in revenue and a 33.5% decline in operating income.
  5. FY2024-Q3WorsenedAnnual report

    「China: Revenue declined to ¥12,354 million, down 17.2% year on year, due to lower customer production volumes accompanying the accelerating shift to EVs. Although the company pursued cost controls in response to changes in production volumes and reductions in fixed costs, including personnel expenses, the impact of lower revenue was significant, and operating income declined to ¥254 million, down 70.6% year on year.」

    In China, customer production volumes continued to decline as the shift to EVs accelerated, resulting in a 17.2% decline in revenue and a 70.6% decline in operating income. Cost controls and fixed-cost reductions were insufficient to offset the impact of lower revenue.
  6. FY2024-Q2WorsenedAnnual report

    「China: Revenue declined to ¥8.076 billion, down 8.0% year on year, as lower customer production volumes continued amid the accelerating shift to EVs. Despite cost controls to respond to fluctuations in production volumes and reductions in fixed costs, including labour costs, the impact of lower revenue was substantial, and operating profit declined to ¥91 million, down 56.3%.」

    In China, customer production volumes continued to decline as the shift to EVs accelerated, resulting in an 8.0% decline in revenue and a 56.3% decline in operating income. Cost controls and fixed-cost reductions were insufficient to offset the impact of lower revenue.
  7. FY2024-Q1WorsenedAnnual report

    「China: Revenue declined to ¥4.055 billion, down 17.0% year on year, due to lower customer sales volumes as the shift to EVs accelerated. Despite cost controls to respond to fluctuations in production volumes and reductions in fixed costs, including labour costs, the impact of lower revenue was substantial, resulting in operating profit of ¥69 million, down 77.2% year on year.」

    In China, conditions deteriorated from the previous expansion driven by new start-ups and new mass-production products to lower customer sales volumes and declines in both revenue and profit as the shift to EVs accelerated. Cost controls and fixed-cost reductions were implemented, but could not offset the impact of lower revenue.
  8. FY2023-Q3WorsenedAnnual report

    「China: Although production declined from April to May due to lockdowns under the zero-COVID policy, it subsequently recovered, and the foreign exchange translation effect of the weaker yen was also offset, resulting in revenue of ¥14.921 billion, up 7.6% year on year. Profitability began to recover as production recovered and fixed costs, including labour costs, were controlled, but the impact of lower production in the first half remained significant, and operating profit declined to ¥865 million, down 20.6%.」

    China recovered production after the lockdown and reported higher revenue, but the impact of lower production in the first half remained, resulting in a 20.6% year-on-year decline in operating profit.
  9. FY2023-Q2WorsenedAnnual report

    「China: Revenue declined to ¥8.779 billion, down 7.1% year on year, due to a sharp decline in production in April and May caused by the lockdown in Shanghai under the zero-COVID policy. Despite cost reductions through foreign exchange gains on materials due to the weaker yen and controls on labour costs, the impact of lower profit from the sharp decline in production was substantial, and operating profit declined to ¥209 million, down 72.3%.」

    In China, the sharp decline in production caused by the Shanghai lockdown reduced revenue, and operating profit declined 72.3% year on year despite ongoing cost reductions.
  10. FY2023-Q1AdvancedAnnual report

    「China: Although production stoppages associated with China's zero-COVID policy reduced revenue in some regions, the foreign exchange translation effect of the weaker yen offset the impact, resulting in revenue of ¥4.886 billion, up 8.5% year on year. Continued cost reductions also contributed, and operating profit increased to ¥303 million, up 15.8%.」

    In China, despite production stoppages in some regions and the foreign exchange translation effect of the weaker yen, continued cost reductions increased operating profit 15.8% year on year.
  11. FY2022AdvancedAnnual report

    「China: Revenue was ¥19.281 billion, down 1.1% from the previous fiscal year. Although revenue recovered from the impact of the spread of COVID-19, production was affected by supply problems for semiconductors and other components, leaving revenue at approximately the previous year's level. Continued cost reductions also contributed, and operating profit increased to ¥1.499 billion, up 2.7%.」

    Amid a slight decline in revenue due to supply problems, continued cost reductions increased operating profit 2.7%.
  12. FY2022-Q3AdvancedAnnual report

    「China: Revenue was ¥13.872 billion, up 2.6% year on year. Although production was affected by supply problems for semiconductors and other components, revenue was approximately at the same level as in the previous fiscal year, which was affected by COVID-19. Continued cost reductions also contributed, and operating profit increased to ¥1.089 billion, up 40.2%.」

    In China, despite ongoing supply problems for semiconductors and other components, continued cost reductions increased operating profit 40.2% year on year, advancing the improvement in profitability.
  13. FY2022-Q2AdvancedAnnual report

    「China: Revenue remained firm relative to other regions at ¥9.451 billion, up 17.4% year on year, and increased even against the same period of the previous year, which had recovered earlier from the spread of COVID-19. Cost reductions from narrowing the range of purchased items and controlling overtime also contributed, and operating profit increased to ¥755 million, up 118.9%.」

    The explanation of the China business shifted from a focus on new start-ups to cost reductions through narrowing the range of purchased items and controlling overtime, together with the recovery, and operating profit increased 118.9%.
  14. FY2022-Q1ReframedAnnual report

    「China: Although customer production declined due to semiconductor supply shortages, revenue increased to ¥4.502 billion, up 74.5% year on year, as customer operations recovered from the shutdowns caused by the spread of COVID-19 in the same period of the previous year. In addition to higher revenue, continued benefits from fixed-cost reductions implemented from the previous fiscal year resulted in operating profit of ¥262 million, compared with an operating loss of ¥68 million in the same period of the previous year.」

    The explanation of the China business has shifted its focus from growth through new start-ups to recovery following the pandemic-related shutdowns and the benefits of fixed-cost reductions.
  15. FY2021AdvancedAnnual report

    「Operations recovered from April 2020 onward, with revenue of ¥19.491 billion, up 3.1% year on year, marking a strong recovery that continued ahead of other regions. Measures including fixed-cost reductions and applications for government subsidy programmes also contributed, and operating profit increased to ¥1.460 billion, up 80.6%.」

    China recovered after the temporary suspension of operations and reported higher revenue and profit for the full year. In addition to new start-ups, fixed-cost reduction measures and applications for government subsidy programmes were cited as factors supporting the improvement.
  16. FY2021-Q3AdvancedAnnual report

    「China: Although operations were temporarily suspended after the Lunar New Year holiday amid the spread of COVID-19, they recovered from April 2020 onward. Revenue was ¥13.526 billion, up 2.2% year on year, marking a strong recovery that continued ahead of other regions. Measures including fixed-cost reductions and applications for government subsidy programmes also contributed, and operating profit increased to ¥777 million, up 148.8%.」

    China recovered after the temporary suspension of operations, with revenue up 2.2% year on year and operating profit up 148.8%. Fixed-cost reduction measures and applications for government subsidy programmes contributed to the results.
  17. FY2021-Q2ReframedAnnual report

    「China: Production was temporarily suspended amid the spread of COVID-19, but recovered from the second quarter onward. Revenue was ¥8.050 billion, down 7.6% year on year. Efforts to reduce fixed costs, including applications for government subsidy programmes, resulted in operating profit of ¥345 million, up 35.2%.」

    In China, the focus of the explanation shifted from revenue growth through new start-ups to the recovery following the temporary production stoppage caused by the pandemic and fixed-cost reductions, including applications for government subsidies. Revenue declined, but operating profit increased 35.2%.
  18. FY2021-Q1WorsenedAnnual report

    「China: Revenue declined to ¥2.580 billion, down 33.7% year on year, due to the impact of a temporary production stoppage accompanying the spread of COVID-19. Despite controlling fixed costs, including labour costs, the decline in production resulted in an operating loss of ¥68 million.」

    In China, the previous trend of higher revenue and profit from new products and new mass-production products gave way to a 33.7% decline in revenue and a shift to an operating loss following a temporary production stoppage due to the pandemic.
  19. FY2020-Q3AdvancedAnnual report

    「China: Revenue was ¥13.240 billion, up 20.1% year on year, and operating profit was ¥312 million, up 145.4%. The start-up of new products and fixed-cost controls contributed to higher revenue and profit.」

    In China, the start-up of new products and fixed-cost controls lifted both revenue and operating profit above the levels of the same period of the previous year, confirming tangible improvement in profitability.
  20. FY2020-Q2AdvancedAnnual report

    「China: Revenue was ¥8.716 billion, up 21.3% year on year, and operating profit was ¥255 million, up 43.5%. The start-up of new mass-production products and fixed-cost reductions contributed to the results.」

    In China, the start-up of new mass-production products and fixed-cost reductions contributed to revenue and operating profit exceeding the levels of the same period of the previous year.
  21. FY2020-Q1SoftenedAnnual report

    「Revenue increased to ¥3.895 billion, up 11.9% year on year, due to higher customer production volumes and revenue growth from new start-ups. However, operating profit declined to ¥57 million, down 34.9%, due to higher fixed costs, including labour costs.」

    In China, revenue growth from new start-ups and other factors continued, but operating profit declined 34.9% year on year, and weakness in profitability persisted.
  22. FY2019WorsenedAnnual report

    「China: Revenue increased to ¥15.357 billion, up 9.4% year on year, due to higher customer production volumes and revenue growth from new start-ups. However, operating profit declined to ¥72 million, down 80.2%, due to higher fixed costs, including labour costs.」

    In China, revenue growth from new start-ups and other factors continued, while operating profit declined 80.2% due to higher fixed costs, including labour costs, making the weakness in full-year profitability even clearer.
  23. FY2019-Q3SoftenedAnnual report

    「Revenue increased to ¥11.022 billion, up 10.6% year on year, due to higher customer production volumes and revenue growth from new start-ups. However, operating profit declined to ¥127 million, down 63.2%, due to higher fixed costs, including labour costs.」

    In China, revenue growth from new start-ups and other factors continued, but operating profit declined 63.2% due to higher fixed costs, including labour costs, further weakening the earnings contribution from revenue growth.
  24. FY2019-Q2RestatedAnnual report

    「Revenue increased to ¥7.184 billion, up 11.1% year on year, due to higher customer production volumes and revenue growth from new start-ups. However, operating profit declined to ¥178 million, down 3.4%, due to higher fixed costs, including labour costs.」

    In China, revenue growth from new start-ups and other factors continued, while the pattern of declining operating profit due to higher fixed costs, including labour costs, also continued.
  25. FY2019-Q1SoftenedAnnual report

    「Revenue increased to ¥3.480 billion, up 5.2% year on year, due to higher customer production volumes and revenue growth from new start-ups. However, operating profit declined to ¥87 million, down 55.6%, due to higher material prices and fixed costs, including labour costs.」

    In China, revenue growth from new start-ups continued, but the decline in operating profit widened to 55.6% due to higher material prices, labour costs and other expenses.
  26. FY2018-Q3RestatedAnnual report

    「Revenue increased to ¥9.967 billion, up 13.1% year on year, due to higher customer production volumes. However, operating profit declined to ¥346 million, down 19.9%, as higher labour costs associated with increased production and costs incurred ahead of time for process efficiency improvements weighed on results.」

    In China, revenue growth continued, while the pattern of declining operating profit due to process efficiency improvement costs and labour costs incurred ahead of time also continued. New start-ups themselves were not explicitly mentioned this time either.
  27. FY2018-Q2SoftenedAnnual report

    「Revenue increased to ¥6.466 billion, up 7.0% year on year, due to higher customer production volumes. However, operating profit declined to ¥184 million, down 53.2%, as higher labour costs associated with increased production and costs incurred ahead of time for process efficiency improvements weighed on results.」

    In China, revenue growth continued, but labour costs associated with higher production and process efficiency improvement costs were incurred ahead of time, resulting in a 53.2% decline in operating profit. The earnings contribution from revenue growth through new start-ups weakened further.
  28. FY2018-Q1SoftenedAnnual report

    「China's economy showed signs of recovery due to the effects of various government policies, and higher customer production volumes resulted in revenue of ¥3.308 billion, up 4.0% year on year. However, operating profit declined to ¥196 million, down 11.6%, due to higher fixed costs, including labour costs.」

    In China, revenue growth continued, but the explanation for the quarter focused on higher customer production volumes rather than new start-ups, and operating profit declined due to higher fixed costs.
  29. FY2017SoftenedAnnual report

    「Revenue increased to ¥12.325 billion, up 8.7% year on year, due to higher customer production and sales volumes and revenue growth from new start-ups. Operating profit declined to ¥325 million, down 43.3% year on year, due to higher fixed costs and quality-related costs associated with new start-ups.」

    In China, revenue growth from new start-ups continued, but profit declined due to higher fixed costs and quality-related costs, weakening the earnings contribution from revenue growth.
  30. FY2017-Q3RestatedAnnual report

    「Revenue increased to ¥8.810 billion, up 14.9% year on year, and operating profit increased to ¥432 million, up 30.0%, due to higher customer production and sales volumes and revenue growth from new start-ups.」

    In China, revenue growth from higher customer production and sales volumes and new start-ups continued.
  31. FY2017-Q2First statedAnnual report

    「Revenue was ¥6.040 billion, up 23.1% year on year, and operating profit was ¥393 million, up 300.8%, due to higher customer production and sales volumes and revenue growth from new start-ups.」

    In China, higher customer production and sales volumes, along with new start-ups, were cited as factors driving revenue growth.
Moved together

"Generation of Operating Cash Flow and Reduction of Borrowings" moved the same way as this thread, in the same document, in 25 of its 36 moves.

252218181312★123456
  1. ★This thread
  2. 1Generation of Operating Cash Flow and Reduction of Borrowings25×
  3. 2Higher Revenue and Improved Operating Profit22×
  4. 3Differences in regional performance growth18×
  5. 4Impact of Exchange-Rate Fluctuations on Overseas Business Earnings18×
  6. 5Slower Growth in North American Vehicle Sales13×
  7. 6Raw-Material Price Volatility12×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Sanoh Industrial yet. It last moved in the Financial results briefing materials of 2026-08-07: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Sales Growth in China Through New Program Launches | Sanoh Industrial Co.,Ltd. (6584) | Komori