Revenue Growth Driven by Increased Production at Indian Subsidiary
First written in FY2018-Q2. 8 of 14 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-09-28.
Sanoh Industrial moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Restated".
- 2026-09-28RestatedFinancial Results Presentation
「Asia also continued to perform steadily, with India in particular driving growth.」
The steady performance of Asia and India’s role as a growth driver were reaffirmed. - FY2025AdvancedAnnual report
「Sales increased to ¥28,561 million, up 2.5% from the previous fiscal year, as higher sales from the foreign exchange translation effect of the weaker yen and increased production at the Indian subsidiary exceeded lower sales resulting from weak markets in Thailand and Indonesia.」
Higher production at the Indian subsidiary more than offset the decline in revenue caused by weak markets in Thailand and Indonesia, resulting in a 2.5% year-on-year increase in sales across Asia. - FY2025-H1AdvancedAnnual report
「Sales increased to ¥14,127 million, up 6.3% year on year, as higher sales from the foreign exchange translation effect of the weaker yen and increased production at the Indian subsidiary exceeded lower sales resulting from weak markets in Thailand and Indonesia.」
Increased production at the Indian subsidiary offset lower sales resulting from weak markets in Thailand and Indonesia, resulting in a 6.3% increase in sales across Asia. - FY2024AdvancedAnnual report
「Sales increased to ¥27,875 million, up 11.7% from the previous fiscal year, due to the foreign exchange translation effect from the weaker yen and stable operating conditions. Although earnings were affected by fluctuations in material market prices and higher labor and energy costs resulting from inflation, the effect of higher sales offset these factors, and operating profit increased to ¥2,384 million, up 13.8% from the previous fiscal year.」
In Asia, sales and operating profit increased, with the effect of higher sales driving a 13.8% increase in operating profit despite rising costs. - FY2023-Q3AdvancedAnnual report
「⑤ Asia In addition to increased production as production recovered from the spread of COVID-19, the foreign exchange translation effect increased sales to ¥18,396 million, up 34.4% year on year. Although costs increased due to soaring material prices and responses to quality issues, the effect of higher sales resulted in operating profit of ¥1,497 million, up 7.3% year on year.」
In Asia, increased production as production recovered and the foreign exchange translation effect drove a 34.4% increase in sales, while operating profit rose 7.3% despite higher costs from soaring material prices and responses to quality issues. - FY2023-Q1AdvancedAnnual report
「In Asia, sales increased to ¥5,995 million, up 30.0% year on year, due to increased production as production recovered from the spread of COVID-19. In addition to the effect of higher sales, the continuing effects of activities to reduce fixed costs such as labor costs supported strong operating profit of ¥700 million, up 26.2% year on year.」
In Asia, sales increased 30.0% due to increased production as production recovered after the spread of COVID-19, while operating profit increased 26.2% with the additional benefit of fixed-cost reductions. - FY2022AdvancedAnnual report
「In Asia, sales amounted to ¥19,209 million, up 28.8% from the previous fiscal year, and ... recovered from the substantial production cuts experienced in the previous year, increasing across the region. The continuing effects of activities to reduce fixed costs such as labor costs also supported a recovery in operating profit to ¥1,851 million, up 150.2% from the previous fiscal year.」
In Asia, sales increased 28.8% and operating profit increased 150.2%, with the recovery progressing throughout the fiscal year and supported by the effects of fixed-cost reductions. - FY2022-Q3AdvancedAnnual report
「In Asia, sales amounted to ¥13,687 million, up 37.9% year on year. Although the region was affected by the spread of COVID-19, it recovered from the substantial production cuts experienced in the previous year, resulting in higher sales across the region. The continuing effects of activities to reduce fixed costs such as labor costs also drove a substantial increase in operating profit to ¥1,395 million, up 597.4% year on year.」
The Asian region, including India, recovered from the substantial production cuts in the previous year, with sales up 37.9% and operating profit up 597.4%. - FY2022-Q1AdvancedAnnual report
「In Asia, sales amounted to ¥4,610 million, up 24.9% year on year. Sales increased mainly at the Indian subsidiary, partly because the impact of the spread of COVID-19 was less significant than in the same period of the previous year. The continuing effects of reductions in fixed costs such as labor costs and structural reforms implemented in the previous fiscal year also contributed, and operating profit increased to ¥554 million, up 113.6% year on year.」
Sales in Asia increased, led by the Indian subsidiary, and operating profit rose 113.6% with the additional benefit of fixed-cost reductions and structural reforms. - FY2020-Q3WorsenedAnnual report
「India was affected by tighter environmental regulations and financial conditions, while Thailand and South Korea were also affected by the economic slowdown.」
Against the previous growth factors in Asia, including higher sales at the Indian subsidiary, the effects of tighter environmental regulations, financial conditions and an economic slowdown emerged as factors behind lower sales and profit in the Asian operations. - FY2020-Q2WorsenedAnnual report
「In Asia, sales amounted to ¥10,976 million, down 1.3% year on year, and operating profit amounted to ¥943 million, down 9.7%. The business was affected by a downturn in the Indian market due to tighter environmental regulations and other factors.」
Against the previous growth factors in Asia, including higher sales at the Indian subsidiary, a downturn in the Indian market due to tighter environmental regulations and other factors emerged as a factor behind lower sales and profit in Asia. - FY2020-Q1RestatedAnnual report
「In Asia, sales were largely in line with the same period of the previous year at ¥5,750 million, up 1.8% year on year, as higher sales at the Indian subsidiary offset lower sales resulting from reduced production by customers of the Korean subsidiary. However, operating profit declined to ¥622 million, down 4.5% year on year, due to higher labor and other costs.」
Higher sales at the Indian subsidiary offset lower sales resulting from reduced production by customers of the Korean subsidiary, increasing sales in Asia. - FY2018-Q3RestatedAnnual report
「Higher production volumes at Japanese-affiliated manufacturers contributed to higher sales at subsidiaries in Thailand and India. Revenue was ¥1,519.7 million, up 13.5% year on year, and operating profit was ¥160.6 million, up 47.6%, representing higher revenue and profit.」
Higher sales in Thailand and India, including at the Indian subsidiary, continued to be identified as factors behind higher sales and profit in the Asian operations. - FY2018-Q2First statedAnnual report
「Higher production volumes at Japanese-affiliated manufacturers contributed to higher sales at subsidiaries in Thailand and India. Revenue was ¥992.0 million, up 7.5% year on year, and operating profit was ¥103.2 million, up 19.7%, representing higher revenue and profit.」
Higher sales at the Indian subsidiary were identified for the first time as a factor behind higher sales and profit in the Asian operations.