Operating Profit, Ordinary Profit and Net Income Decline Despite Sales Growth
First written in FY2016. 14 of 39 entries say "Reframed", first in FY2017-Q3. Latest entry: 2026-08-12.
Torex Semiconductor moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2020: 15 of 56 companies on the "Worse" side.
4 other companies' latest entry also says "Cited as achieved".
- 2026-08-12Cited as achievedEarnings
「As a result, for the first quarter of the current fiscal year, our group recorded revenue of ¥6,564 million, up 11.9% year on year; operating income of ¥885 million, up 436.3%; ordinary income of ¥1,113 million, an increase of ¥1,049 million year on year; and quarterly net income attributable to owners of the parent of ¥911 million, an increase of ¥875 million.」
The company reported substantial increases in operating income, ordinary income and quarterly net income attributable to owners of the parent, in addition to higher revenue. - FY2026ReframedAnnual report
「For the current consolidated fiscal year, net sales were ¥25,073 million, up 4.7% year on year. Operating income was ¥1,085 million, compared with an operating loss of ¥632 million in the year-earlier period; ordinary income was ¥1,268 million, compared with an ordinary loss of ¥820 million; and net income attributable to owners of the parent was ¥1,159 million, compared with a net loss attributable to owners of the parent of ¥2,358 million.」
From the previous year's decline in sales and losses across the main profit items, FY2026 saw net sales increase 4.7% and operating income, ordinary income and net income attributable to owners of the parent all return to profitability. - FY2026-H1ReframedAnnual report
「As a result, the Group's results for the current interim consolidated accounting period were net sales of ¥11,879 million, down 5.1% year on year; operating income of ¥414 million, up 23.1%; ordinary income of ¥381 million, up 444.6%; and interim net income attributable to owners of the parent of ¥336 million, compared with interim net income attributable to owners of the parent of ¥5 million in the year-earlier period.」
While net sales declined, operating income, ordinary income and interim net income attributable to owners of the parent increased. The pattern has shifted from the previous fiscal year's combination of declining sales and profits to a combination of declining sales and profit recovery. - FY2025RestatedAnnual report
「For the current consolidated fiscal year, net sales were ¥23,957 million, down 7.0% year on year. The operating loss was ¥632 million, compared with an operating loss of ¥1,778 million in the year-earlier period; the ordinary loss was ¥820 million, compared with an ordinary loss of ¥2,452 million; and the net loss attributable to owners of the parent was ¥2,358 million, compared with a net loss attributable to owners of the parent of ¥4,297 million.」
While net sales declined, the operating loss, ordinary loss and net loss attributable to owners of the parent narrowed from the previous year, again confirming the combination of declining sales and profit recovery. - FY2025-H1ReframedAnnual report
「As a result, the Group's results for the current interim consolidated accounting period were net sales of ¥12,524 million, down 5.5% from the same interim period of the previous year; operating income of ¥336 million, up 277.2%; ordinary income of ¥69 million, compared with an ordinary loss of ¥266 million in the same interim period of the previous year; and interim net income attributable to owners of the parent of ¥5 million, compared with an interim net loss attributable to owners of the parent of ¥199 million.」
While net sales declined from the same interim period of the previous year, operating income increased, and ordinary income and interim net income attributable to owners of the parent turned from losses to income. The pattern has shifted from broad-based deterioration in the main profit items through the previous fiscal year to a combination of declining sales and profit recovery. - FY2024WorsenedAnnual report
「For the current consolidated fiscal year, net sales were ¥25,751 million, down 19.4% year on year. The operating loss was ¥1,778 million, compared with operating income of ¥3,976 million in the year-earlier period; the ordinary loss was ¥2,452 million, compared with ordinary income of ¥3,981 million; and the net loss attributable to owners of the parent was ¥4,297 million, compared with net income attributable to owners of the parent of ¥2,179 million.」
Net sales, operating income, ordinary income and income attributable to owners of the parent all declined, with the main profit items turning to losses. - FY2024-Q3WorsenedAnnual report
「As a result, the Group's results for the third quarter of the current consolidated cumulative period were net sales of ¥19,557 million, down 22.0% year on year; an operating loss of ¥412 million, compared with operating income of ¥4,289 million in the year-earlier period; an ordinary loss of ¥902 million, compared with ordinary income of ¥4,268 million; and a net loss attributable to owners of the parent of ¥812 million, compared with net income attributable to owners of the parent of ¥2,973 million.」
Net sales declined 22.0%, while operating income, ordinary income and income attributable to owners of the parent all turned to losses. Operating, ordinary and net losses also widened compared with the previous cumulative quarter. - FY2024-Q2WorsenedAnnual report
「As a result, the Group's results for the second quarter of the current consolidated cumulative period were net sales of ¥13,252 million, down 23.8% year on year; operating income of ¥89 million, down 97.4%; an ordinary loss of ¥266 million, compared with ordinary income of ¥3,531 million in the year-earlier period; and a net loss attributable to owners of the parent of ¥199 million, compared with net income attributable to owners of the parent of ¥2,461 million.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent deteriorated year on year, with ordinary income and income attributable to owners of the parent turning to losses. - FY2024-Q1WorsenedAnnual report
「As a result, the Group's results for the first quarter of the current consolidated cumulative period were net sales of ¥6,404 million, down 25.5% year on year; operating income of ¥222 million, down 87.2%; an ordinary loss of ¥12 million, compared with ordinary income of ¥1,757 million in the year-earlier period; and net income attributable to owners of the parent of ¥70 million, down 94.3%.」
Net sales, operating income and net income attributable to owners of the parent declined substantially, while ordinary income turned from income of ¥1,757 million in the year-earlier period to a loss of ¥12 million. - FY2023-Q3AdvancedAnnual report
「As a result, the Group's results for the third quarter of the current consolidated cumulative period were net sales of ¥25,083 million, up 9.4% year on year; operating income of ¥4,289 million, up 48.1%; ordinary income of ¥4,268 million, up 44.9%; and net income attributable to owners of the parent of ¥2,973 million, up 45.4%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent for the quarter all continued to exceed the year-earlier period through the nine months ended the third quarter, with the increases in each profit item also substantial. - FY2023-Q2AdvancedAnnual report
「As a result, the Group's results for the second quarter of the current consolidated cumulative period were net sales of ¥17,384 million, up 16.0% year on year; operating income of ¥3,410 million, up 91.2%; ordinary income of ¥3,531 million, up 93.2%; and net income attributable to owners of the parent of ¥2,461 million, up 93.5%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent for the quarter all exceeded the year-earlier period, with growth in the main profit items continuing through the six months ended the second quarter. - FY2023-Q1AdvancedAnnual report
「As a result, the Group's results for the first quarter of the current consolidated cumulative period were net sales of ¥8,593 million, up 22.5% year on year; operating income of ¥1,743 million, up 174.1%; ordinary income of ¥1,757 million, up 159.7%; and net income attributable to owners of the parent of ¥1,238 million, up 159.6%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent for the quarter all exceeded the year-earlier period, with the increases also widening. - FY2022AdvancedAnnual report
「For the current consolidated fiscal year, net sales were ¥30,864 million, up 30.2% year on year. Operating income was ¥3,897 million, up 222.3%; ordinary income was ¥4,124 million, up 241.9%; and net income attributable to owners of the parent was ¥3,157 million, up 238.2%.」
Net sales and all major profit items increased for a second consecutive year, with full-year growth of 30.2% in net sales, 222.3% in operating income, 241.9% in ordinary income and 238.2% in net income attributable to owners of the parent. - FY2022-Q3RestatedAnnual report
「As a result, the Group's results for the third quarter of the current consolidated cumulative period were net sales of ¥22,920 million, up 33.5% year on year; operating income of ¥2,897 million, up 317.6%; ordinary income of ¥2,946 million, up 459.9%; and net income attributable to owners of the parent of ¥2,044 million, up 426.6%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent for the quarter all continued to exceed the year-earlier period. - FY2022-Q2RestatedAnnual report
「As a result, the Group's results for the second quarter of the current consolidated cumulative period were net sales of ¥14,983 million, up ¥3,574 million year on year; operating income of ¥1,783 million, up ¥1,522 million; ordinary income of ¥1,828 million, up ¥1,650 million; and net income attributable to owners of the parent of ¥1,272 million, up ¥1,114 million.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent for the quarter all continued to exceed the year-earlier period. - FY2022-Q1RestatedAnnual report
「As a result, the Group's results for the first quarter of the current consolidated cumulative period were net sales of ¥7,013 million, up ¥1,155 million year on year; operating income of ¥636 million, up ¥440 million; ordinary income of ¥676 million, up ¥496 million; and net income attributable to owners of the parent of ¥476 million, up ¥308 million.」
In addition to net sales, operating income, ordinary income and net income attributable to owners of the parent for the quarter all exceeded the year-earlier period, continuing the trend of broad-based growth across the main performance indicators. - FY2021RestatedAnnual report
「For the fiscal year, revenue was ¥23,712 million, up 10.3% year on year. …Operating income was ¥1,209 million, up 78.3% year on year… Ordinary income was ¥1,206 million, up 78.4% year on year… Net income attributable to owners of the parent was ¥933 million, up 123.6% year on year.」
The pattern of simultaneous declines in revenue and the major profit items in the previous fiscal year shifted in FY2021 to one in which revenue, operating income, ordinary income and net income attributable to owners of the parent all increased for the full fiscal year. - FY2021-Q3ReframedAnnual report
「As a result, the group's results for the nine-month period ended [current third quarter] were revenue of ¥17,170 million, up 7.8% year on year; operating income of ¥693 million, up 29.7%; ordinary income of ¥526 million, up 1.4%; and quarterly net income attributable to owners of the parent of ¥388 million, up 33.5%.」
The pattern changed from higher revenue and lower operating income in the second quarter, with revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent all increasing year on year. - FY2021-Q2ReframedAnnual report
「As a result, the group's results for the six-month period ended [current second quarter] were revenue of ¥11,408 million, up 10.4% year on year; operating income of ¥260 million, down 21.0%; ordinary income of ¥177 million, down 36.2%; and quarterly net income attributable to owners of the parent of ¥157 million, up 0.0%.」
The pattern of simultaneous increases in the major profit items in the first quarter shifted in the second quarter to one in which revenue increased, operating income and ordinary income declined, and quarterly net income attributable to owners of the parent was unchanged. - FY2021-Q1ReframedAnnual report
「As a result, the group's results for the three-month period ended [current first quarter] were revenue of ¥5,858 million, up 22.1% year on year; operating income of ¥195 million, up 148.9%; ordinary income of ¥180 million, compared with ordinary income of ¥11 million in the same period of the previous year; and quarterly net income attributable to owners of the parent of ¥168 million, compared with ¥12 million in the same period of the previous year.」
The pattern of simultaneous declines in revenue and the major profit items in FY2020 shifted in the current first quarter to one in which revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2020WorsenedAnnual report
「For the fiscal year, revenue was ¥21,500 million, down ¥2,395 million, or 10.0%, from the previous fiscal year; operating income was ¥678 million, down ¥872 million, or 56.3%; ordinary income was ¥676 million, down ¥1,144 million, or 62.8%; and net income attributable to owners of the parent was ¥417 million, down ¥631 million, or 60.2%.」
Revenue, operating income, ordinary income and net income attributable to owners of the parent all declined, confirming a decline in the major profit items for the full fiscal year as well. - FY2020-Q3WorsenedAnnual report
「As a result, the group's results for the nine-month period ended [current third quarter] were revenue of ¥15,929 million, down 14.1% year on year; operating income of ¥534 million, down 67.8%; ordinary income of ¥518 million, down 73.7%; and quarterly net income attributable to owners of the parent of ¥290 million, down 73.3%.」
Revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent all declined substantially, and declines in the major profit items continued. - FY2020-Q2WorsenedAnnual report
「As a result, the group's results for the six-month period ended [current second quarter] were revenue of ¥10,331 million, down 17.1% year on year; operating income of ¥330 million, down 75.6%; ordinary income of ¥278 million, down 84.0%; and quarterly net income attributable to owners of the parent of ¥157 million, down 83.7%.」
Revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent all declined, with the year-on-year rates of decline also increasing. - FY2020-Q1ReframedAnnual report
「As a result, the group's results for the three-month period ended [current first quarter] were revenue of ¥4,797 million, down 22.7% year on year; operating income of ¥78 million, down 88.4%; ordinary income of ¥11 million, down 98.8%; and quarterly net income attributable to owners of the parent of ¥12 million, down 97.6%.」
The previous pattern of revenue growth accompanied by differing directions among profit items shifted to one in which revenue and all major profit items declined together. - FY2019-Q3RestatedAnnual report
「As a result, the group's results for the nine-month period ended [current third quarter] were revenue of ¥18,543 million, up 3.9% year on year; operating income of ¥1,662 million, up 1.4%; ordinary income of ¥1,969 million, up 15.0%; and quarterly net income attributable to owners of the parent of ¥1,087 million, up 36.9%.」
In addition to revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent also increased year on year, reconfirming a pattern in which all major profit items increased. - FY2019-Q2RestatedAnnual report
「As a result, the group's results for the six-month period ended [current second quarter] were revenue of ¥12,469 million, up 5.6% year on year; operating income of ¥1,351 million, up 23.9%; ordinary income of ¥1,742 million, up 57.4%; and quarterly net income attributable to owners of the parent of ¥965 million, up 92.5%.」
In addition to revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent also increased year on year, reconfirming a pattern in which all major profit items increased. - FY2019-Q1ReframedAnnual report
「As a result, the group's results for the three-month period ended [current first quarter] were revenue of ¥6,203 million, up 8.6% year on year; operating income of ¥675 million, up 48.3%; ordinary income of ¥923 million, up 98.3%; and quarterly net income attributable to owners of the parent of ¥496 million, up 112.1%.」
In addition to revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent also increased year on year, changing the previous pattern of differing directions by profit item to one in which all major profit items increased. - FY2018ReframedAnnual report
「As a result, the group's results for the fiscal year were revenue of ¥23,996 million, up 11.3% year on year; operating income of ¥2,212 million, up 76.8%; ordinary income of ¥1,998 million, up 120.6%; and net income attributable to owners of the parent of ¥902 million, down 69.2%.」
For the full fiscal year, revenue, operating income and ordinary income increased, while net income attributable to owners of the parent declined due to the absence of the previous fiscal year's gain on negative goodwill and other factors. The previous pattern of overall profit declines shifted to one in which the direction varies by profit item. - FY2018-Q3RestatedAnnual report
「As a result, the group's results for the nine-month period ended [current third quarter] were revenue of ¥17,845 million, up 13.0% year on year; operating income of ¥1,640 million, up 89.0%; ordinary income of ¥1,713 million, up 158.6%; and quarterly net income attributable to owners of the parent of ¥794 million, down 71.8%.」
Revenue, operating income and ordinary income increased, while quarterly net income attributable to owners of the parent declined, continuing the pattern of differing directions by profit item. - FY2018-Q2ReframedAnnual report
「As a result, the group's results for the six-month period ended [current second quarter] were revenue of ¥11,808 million, up 14.5% year on year; operating income of ¥1,090 million, up 181.6%; ordinary income of ¥1,107 million, compared with an ordinary loss of ¥257 million in the same period of the previous year; and quarterly net income attributable to owners of the parent of ¥501 million, down 78.5%.」
Revenue and operating income increased, and ordinary income moved from a loss to a profit, while quarterly net income attributable to owners of the parent declined. The pattern continues to vary by profit item. - FY2018-Q1ReframedAnnual report
「As a result, the group's results for the three-month period ended [current first quarter] were revenue of ¥5,713 million, up 9.3% year on year; operating income of ¥455 million, up 123.1%; ordinary income of ¥465 million, compared with an ordinary loss of ¥384 million in the same period of the previous year; and quarterly net income attributable to owners of the parent of ¥234 million, down 89.4%.」
Revenue increased, operating income rose, and ordinary income moved from a loss to a profit, while quarterly net income attributable to owners of the parent declined. This again demonstrates a pattern in which the direction varies by profit item. - FY2017-Q3ReframedAnnual report
「As a result, the group's results for the nine-month period ended [current third quarter] were revenue of ¥15,786 million, up 100.4% year on year; operating income of ¥867 million, down 15.3%; ordinary income of ¥645 million, down 38.7%; and quarterly net income attributable to owners of the parent of ¥2,821 million, up 295.5%.」
Revenue and net income attributable to owners of the parent increased, while operating income and ordinary income declined. The previous pattern of overall profit declines accompanying revenue growth has shifted to one in which the direction varies by profit item. - FY2017-Q2RestatedAnnual report
「As a result, the group's results for the six-month period ended [current second quarter] were revenue of ¥10,313 million, up 93.5% year on year; operating income of ¥387 million, down 48.1%; ordinary loss of ¥266 million, compared with ordinary income of ¥761 million in the same period of the previous year; and quarterly net income attributable to owners of the parent of ¥2,332 million, up 348.8%.」
While revenue and net income attributable to owners of the parent increased due to the consolidation of PTS and other factors, operating income declined and the ordinary loss continued. - FY2017-Q1Change from ordinary income to ordinary lossAnnual report
「As a result, the group's results for the three-month period ended [current first quarter] were revenue of ¥5,227 million, up 100.1% year on year; operating income of ¥204 million, down 43.9%; ordinary loss of ¥384 million, compared with ordinary income of ¥387 million in the same period of the previous year; and quarterly net income attributable to owners of the parent of ¥2,209 million, up 756.3%.」
Revenue increased substantially, while operating income declined and ordinary income moved into loss. Quarterly net income attributable to owners of the parent increased substantially due to a gain on negative goodwill and other factors. - FY2016First statedAnnual report
「Revenue was ¥10,621 million, up 6.5% year on year, mainly due to the yen's depreciation against the US dollar. Selling, general and administrative expenses increased from the previous fiscal year, resulting in a decline in operating income to ¥1,139 million, down 15.6% year on year. Due to foreign exchange losses and other factors, ordinary income was ¥970 million, down 42.2%, while net income attributable to owners of the parent was ¥580 million, down 53.5%.」
Revenue increased during the period, while profit declined due to higher SG&A expenses, foreign exchange losses and other factors.