Declining Revenue and Earnings
First written in FY2017-Q3. 9 of 35 entries say "Restated". Latest entry: 2026-08-06.
14 other companies' latest entry also says "Cited as achieved".
- 2026-08-06Cited as achievedEarnings
「As a result, net sales increased 8.8% year on year to ¥45,536 million, operating profit increased 60.7% to ¥2,979 million, ordinary profit increased 56.3% to ¥3,178 million, and quarterly net income attributable to owners of the parent increased 67.2% to ¥1,554 million.」
The company reported higher sales and income for the first quarter of the fiscal year ending March 2027. - FY2026AdvancedAnnual report
「Revenue increased 6.0% year on year to ¥195,783 million, operating profit increased 15.0% to ¥15,446 million, and ordinary profit increased 20.3% to ¥16,260 million.」
Revenue, operating profit and ordinary profit all increased, with operating profit reaching ¥15.4 billion, a record-high level. Meanwhile, net profit declined 5.0% as the extraordinary gain associated with the acquisition of shares in a subsidiary in the previous period fell away. - 2026-05-15OtherEarnings
「Net sales increased 6.0% year on year to ¥195,783 million, operating profit increased 15.0% to ¥15,446 million, and ordinary profit increased 20.3% to ¥16,260 million. However, net income attributable to owners of the parent declined 5.0% to ¥11,493 million, due to the absence of the extraordinary gain recognized in the previous fiscal year in connection with the acquisition of shares in a subsidiary.」
Net sales, operating profit and ordinary profit increased, while net income attributable to owners of the parent declined due to the absence of the extraordinary gain. - FY2026-H1Revenue and profit increased, but interim net profit declined as an extraordinary gain fell awayAnnual report
「As a result, revenue increased 8.5% year on year to ¥88,962 million, operating profit increased 30.2% to ¥5,292 million, and ordinary profit increased 26.8% to ¥5,620 million. Meanwhile, as the extraordinary gain associated with the acquisition of shares in a subsidiary recorded in the previous period fell away, interim net profit attributable to owners of the parent declined 34.3% to ¥3,424 million.」
Revenue, operating profit and ordinary profit increased, while interim net profit attributable to owners of the parent declined 34.3% as the extraordinary gain associated with the acquisition of shares in a subsidiary in the previous period fell away. - FY2025AdvancedAnnual report
「As a result, revenue increased 14.9% year on year to ¥184,683 million, operating profit increased 12.2% to ¥13,432 million, and ordinary profit increased 7.6% to ¥13,516 million.」
Following growth in both revenue and profit in the previous fiscal year, revenue increased 14.9%, operating profit 12.2% and ordinary profit 7.6%, continuing the improvement in full-year performance. - FY2025-H1Revenue increased, but operating profit and ordinary profit declinedAnnual report
「As a result, revenue increased 12.1% year on year to ¥81,983 million, while operating profit declined 14.8% to ¥4,063 million and ordinary profit declined 14.5% to ¥4,433 million. In addition, due to the recognition of an extraordinary gain on the acquisition of shares in a subsidiary, interim net profit attributable to owners of the parent increased 46.2% to ¥5,212 million.」
While revenue increased 12.1% due to the consolidation of a new subsidiary, price revisions and improved project pricing, operating profit and ordinary profit declined against the backdrop of higher depreciation expenses at a new plant and other factors. Interim net profit attributable to owners of the parent increased 46.2% due to an extraordinary gain on the acquisition of shares in a subsidiary. - FY2024-Q3AdvancedAnnual report
「As a result, revenue was ¥116,907 million, up 11.4% year on year; operating profit was ¥8,996 million, up 68.9%; ordinary profit was ¥9,506 million, up 55.9%; and quarterly net profit attributable to owners of the parent was ¥6,612 million, up 75.4%.」
From higher revenue and lower profit in the same quarter of the previous year, performance improved in the nine months ended 31 December, with revenue up 11.4%, operating profit up 68.9%, ordinary profit up 55.9% and quarterly net profit attributable to owners of the parent up 75.4%. - FY2024-Q2AdvancedAnnual report
「As a result, revenue was ¥73,163 million, up 11.5% year on year; operating profit was ¥4,771 million, up 119.8%; ordinary profit was ¥5,187 million, up 75.5%; and quarterly net profit attributable to owners of the parent was ¥3,564 million, up 109.9%.」
From higher revenue and lower profit in the same quarter of the previous year, revenue increased 11.5%, operating profit 119.8%, ordinary profit 75.5% and quarterly net profit attributable to owners of the parent 109.9% in the six months ended 30 September. - FY2024-Q1AdvancedAnnual report
「As a result, revenue was ¥34,416 million, up 12.6% year on year; operating profit was ¥1,771 million, up 428.0%; ordinary profit was ¥2,049 million, up 130.8%; and quarterly net profit attributable to owners of the parent was ¥1,383 million, up 257.7%.」
From higher revenue and sharply lower profit in the same period of the previous year, the current quarter saw revenue increase 12.6%, operating profit increase 428.0%, ordinary profit increase 130.8% and quarterly net profit attributable to owners of the parent increase 257.7%. - FY2023Revenue increased, but profit declined due to higher raw material costsAnnual report
「As a result, revenue increased 10.5% year on year to ¥146,698 million. Meanwhile, due largely to the significant impact of surging raw material prices, operating profit declined 5.4% to ¥8,172 million and ordinary profit declined 3.8% to ¥9,056 million.」
While revenue increased 10.5%, operating profit and ordinary profit declined due to surging raw material prices and other factors, confirming a pattern of higher revenue but lower profit in the full-year results. - FY2023-Q3Revenue increased, but profit declined due to higher raw material costsAnnual report
「As a result, revenue was ¥104,985 million, up 9.5% year on year. Meanwhile, due in part to the significant impact of sharply higher raw material prices, operating profit was ¥5,326 million, down 21.5%, ordinary profit was ¥6,096 million, down 15.5%, and profit attributable to owners of the parent for the quarter was ¥3,769 million, down 25.1%.」
From declines in revenue and profit in the same period of the previous year, revenue turned to a 9.5% increase, while operating profit, ordinary profit and net profit declined due to surging raw material prices. - FY2023-Q2RestatedAnnual report
「As a result, revenue was ¥65,601 million, up 7.5% year on year. Meanwhile, due in part to the significant impact of sharply higher raw material prices, operating profit was ¥2,171 million, down 44.4%, ordinary profit was ¥2,955 million, down 27.2%, and profit attributable to owners of the parent for the quarter was ¥1,698 million, down 35.2%.」
In the six months ended 30 September, the pattern continued in which revenue increased while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent declined. - FY2023-Q1Revenue increased, but profit declined sharply due to higher raw material costsAnnual report
「As a result, revenue was ¥30,578 million, up 2.8% year on year. Meanwhile, due to the significant impact of sharply higher raw material prices, operating profit was ¥335 million, down 83.0%, ordinary profit was ¥888 million, down 56.9%, and profit attributable to owners of the parent for the quarter was ¥386 million, down 66.4%.」
While consolidated revenue increased 2.8% year on year, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all declined. - FY2022Turned to lower revenue and profit for the full yearAnnual report
「Revenue declined 3.7% year on year to ¥132,735 million. In addition, due to the impact of surging raw material prices, operating profit declined 30.0% to ¥8,637 million; ordinary profit declined 25.7% to ¥9,412 million; and net profit attributable to owners of the parent declined 25.1% to ¥6,607 million.」
From the high levels recorded in the previous fiscal year, full-year revenue, operating profit, ordinary profit and net profit declined against the backdrop of the loss of GIGA School Initiative projects, the COVID-19 pandemic and surging raw material prices. - FY2022-Q3Widening gap between revenue decline and profit declineAnnual report
「As sales from GIGA School Initiative projects recorded in the previous period fell away, revenue declined 6.1% year on year to ¥95,834 million. In addition, due to the impact of surging raw material prices, operating profit declined 27.7% to ¥6,786 million; ordinary profit declined 24.7% to ¥7,210 million; and quarterly net profit attributable to owners of the parent declined 19.8% to ¥5,031 million.」
From the decline in revenue and operating profit in the previous quarter-to-date period, the declines widened in the nine months ended 31 December, with revenue down 6.1% and operating profit down 27.7%. - FY2022-Q2Declines in revenue and profit continued and widenedAnnual report
「Revenue was ¥61,014 million, down 3.8% year on year; operating profit was ¥3,902 million, down 23.1%; ordinary profit was ¥4,059 million, down 22.2%; and quarterly net profit attributable to owners of the parent was ¥2,622 million, down 19.5%.」
From higher revenue and lower operating profit in FY2022-Q1, all of revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent declined year on year in the six months ended 30 September. - FY2022-Q1Revenue increased, while operating profit, ordinary profit, and net income declinedAnnual report
「As a result, revenue was ¥29,748 million, up 1.0% year on year; operating profit was ¥1,970 million, down 5.2%; ordinary profit was ¥2,059 million, down 6.1%; and quarterly net profit attributable to owners of the parent was ¥1,152 million, down 2.7%.」
While consolidated revenue increased 1.0% year on year, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all declined. - FY2021Revenue and operating profit declined, while ordinary profit and net profit increasedAnnual report
「Revenue declined 1.1% year on year to ¥137,902 million, and operating profit declined 0.6% to ¥12,333 million. Meanwhile, ordinary profit increased 5.2% to ¥12,660 million, mainly due to the impact of foreign currency translation, and net profit attributable to owners of the parent increased 9.7% to ¥8,827 million.」
For the full year, revenue and operating profit declined, while ordinary profit and net profit attributable to owners of the parent increased due to foreign currency translation and other factors. - FY2021-Q3Sales edged up, but operating profit and net profit declinedAnnual report
「Against this backdrop, under the 2020 Medium-Term Management Plan launched in the fiscal year ended March 2018, the Group pursued various initiatives to create a next-generation business model, including strengthening the manufacture and sale of its core products, distribution and switchboards and their components, as well as establishing its overseas and new businesses at an early stage. During the nine months ended 31 December, despite the impact of the COVID-19 pandemic, revenue increased 0.2% year on year to ¥102,024 million, largely because sales in the information and communications-related distribution business grew substantially on the acquisition of projects involving the fifth-generation mobile communications system, 5G, and the GIGA School Initiative. However, operating profit declined 2.1% to ¥9,381 million as sales in the switchboard-related manufacturing business and electronic components-related business decreased. Ordinary profit increased 0.6% to ¥9,570 million, mainly due to higher rental income, while quarterly net profit attributable to owners of the parent declined 1.4% to ¥6,270 million, mainly because the gain on the extinguishment of shares in a merger recorded in the previous period did not recur.」
Consolidated revenue increased 0.2% year on year as the information and communications-related distribution business expanded on 5G and GIGA School Initiative projects, but operating profit and quarterly net profit attributable to owners of the parent declined due to lower sales in the switchboard-related manufacturing business and electronic components-related business. - FY2021-Q2RestatedAnnual report
「However, revenue declined due to the impact of the COVID-19 pandemic and the loss of product sales related to school air-conditioning systems that had been recorded in the same quarter of the previous year. Revenue was ¥63,443 million, down 2.2% year on year. Meanwhile, as personnel expenses and other costs declined more than expected, operating profit was ¥5,078 million, up 0.1%; ordinary profit was ¥5,219 million, up 7.6%; and quarterly net profit attributable to owners of the parent was ¥3,255 million, up 4.2%.」
Revenue declined due to the COVID-19 pandemic and the loss of sales of products related to school air-conditioning systems, while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent increased due to lower personnel expenses and other costs. - FY2021-Q1Lower Revenue, but Higher Operating Profit, Ordinary Profit and Net ProfitAnnual report
「However, revenue declined due to the impact of the COVID-19 pandemic and the loss of product sales related to school air-conditioning systems that had been recorded in the same quarter of the previous year. Revenue was ¥29,454 million, down 1.8% year on year. Meanwhile, as personnel expenses and other costs declined more than expected, operating profit was ¥2,079 million, up 10.3%; ordinary profit was ¥2,194 million, up 22.9%; and quarterly net profit attributable to owners of the parent was ¥1,184 million, up 31.4%.」
Revenue declined due to the COVID-19 pandemic and the loss of sales of products related to school air-conditioning systems, while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent increased due to lower personnel expenses and other costs. - FY2020AdvancedAnnual report
「Revenue was ¥139,421 million, up 19.2% year on year; operating profit was ¥12,402 million, up 91.6%; ordinary profit was ¥12,038 million, up 87.9%; and net profit attributable to owners of the parent was ¥8,048 million, up 98.9%.」
Following growth in both revenue and profit in the previous fiscal year, revenue, operating profit, ordinary profit and net profit attributable to owners of the parent increased substantially further. - FY2020-Q3RestatedAnnual report
「In addition, as the October 2018 price revisions for the Company's products, together with 北川工業株式会社 and its subsidiaries, which became consolidated subsidiaries during the fourth quarter of the previous fiscal year, contributed to higher revenue and profit, revenue was ¥101,860 million, up 22.9% year on year; operating profit was ¥9,579 million, up 96.7%; ordinary profit was ¥9,512 million, up 98.7%; and net profit attributable to owners of the parent was ¥6,358 million, up 111.0%.」
Growth in both revenue and profit continued through the nine months ended 31 December, driven by the price revisions and the contribution from the 北川工業 Group. - FY2020-Q2RestatedAnnual report
「In addition, as the October 2018 price revisions for the Company's products, together with 北川工業株式会社 and its subsidiaries, which became consolidated subsidiaries during the fourth quarter of the previous fiscal year, contributed to higher revenue and profit, revenue was ¥64,887 million, up 25.4% year on year; operating profit was ¥5,072 million, up 149.9%; ordinary profit was ¥4,852 million, up 139.0%; and net profit attributable to owners of the parent was ¥3,124 million, up 164.5%.」
Growth in both revenue and profit continued through the six months ended 30 September, driven by the price revisions and the contribution from the 北川工業 Group. - FY2020-Q1RestatedAnnual report
「In addition, the October 2018 price revisions for the Company's products, together with 北川工業株式会社 and its subsidiaries, which became consolidated subsidiaries during the fourth quarter of the previous fiscal year, contributed to higher revenue and profit. As a result, revenue was ¥29,992 million, up 23.4% year on year; operating profit was ¥1,884 million, up 233.1%; and ordinary profit was ¥1,785 million, up 205.7%.」
Growth in both revenue and profit continued into the first quarter, driven by the price revisions and the contribution from the 北川工業 Group. - FY2019RestatedAnnual report
「Revenue was ¥116,984 million, up 8.2% year on year; operating profit was ¥6,472 million, up 12.5%; ordinary profit was ¥6,405 million, up 13.9%; and net profit attributable to owners of the parent was ¥4,046 million, up 40.4%.」
The full-year results confirmed a shift from the decline in profit through the previous fiscal year to growth in both revenue and profit. - FY2019-Q3RestatedAnnual report
「In addition, as sales increased in all 3 business segments, revenue was ¥82,852 million, up 6.2% year on year; operating profit was ¥4,870 million, up 27.6%; ordinary profit was ¥4,786 million, up 27.6%; and net profit attributable to owners of the parent was ¥3,013 million, up 100.5%.」
Consolidated growth in both revenue and profit, accompanied by higher sales in all 3 business segments, continued through the nine months ended 31 December. - FY2019-Q2Higher revenue and profit continuedAnnual report
「As a result, in addition to higher sales at NITTO KOGYO CORPORATION on a standalone basis, revenue from the information and communications-related distribution business remained firm. Revenue was ¥51,742 million, up 4.7% year on year; operating profit was ¥2,030 million, up 6.5%; ordinary profit was ¥2,030 million, up 10.2%; and net profit attributable to owners of the parent was ¥1,181 million, up 21.2%.」
After turning from the decline in profit that had continued since the previous fiscal year to growth in both revenue and profit, revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent continued to increase during the six months ended 30 September. - FY2019-Q1Turned to higher revenue and profitAnnual report
「Against this backdrop, the Group recorded higher sales at NITTO KOGYO CORPORATION on a standalone basis, albeit modestly, and higher sales in all 3 business segments. As a result, revenue was ¥24,311 million, up 6.3% year on year; operating profit was ¥565 million, up 11.7%; ordinary profit was ¥584 million, up 20.7%; and net profit attributable to owners of the parent was ¥141 million, up 134.6%.」
The Group has shifted from the decline in profit that continued through the previous fiscal year and previous quarter to consolidated growth in both revenue and profit, accompanied by higher sales in all 3 business segments. - FY2018Revenue turned higher, but declines in operating profit, ordinary profit and net profit continuedAnnual report
「Against this backdrop, the Group's revenue increased to ¥108,080 million, up 1.4% from the previous fiscal year, due to higher sales at NITTO KOGYO CORPORATION on a non-consolidated basis and solid sales in the information and communications-related distribution business. However, due to deterioration in variable costs and other factors at NITTO KOGYO CORPORATION on a non-consolidated basis and continued weak performance by overseas subsidiaries, operating profit was ¥5,751 million, down 12.8% from the previous fiscal year; ordinary profit was ¥5,625 million, down 12.1%; and net profit attributable to owners of the parent was ¥2,883 million, down 36.0%.」
For the full year, consolidated revenue turned higher, while operating profit, ordinary profit and net profit attributable to owners of the parent continued to decline. - FY2018-Q3Revenue turned higher, but declines in operating profit, ordinary profit and net profit continuedAnnual report
「Against this backdrop, although the Group's construction and services business recorded lower sales, sales in the distribution board-related manufacturing business and the information and communications-related distribution business increased. As a result, revenue was ¥78,002 million, up 2.2% from the same quarter of the previous year. However, due to deterioration in variable costs and other factors at NITTO KOGYO CORPORATION on a non-consolidated basis and continued weak performance by overseas subsidiaries, operating profit was ¥3,815 million, down 14.6%, and ordinary profit was ¥3,751 million, down 13.8%. In addition, despite recording a gain on the sale of investment securities, quarterly net profit attributable to owners of the parent was ¥1,503 million, down 53.2%, due in part to the one-time amortization of goodwill related to Gathergates Group Pte Ltd.」
Although consolidated revenue increased due to higher sales in the distribution board-related manufacturing business and the information and communications-related distribution business, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent continued to decline. - FY2018-Q2Revenue turned from a decline to an increase, while profit continued to declineAnnual report
「Against this backdrop, although the Group's construction and services business recorded lower sales, sales in the distribution board-related manufacturing business increased slightly and sales in the information and communications-related distribution business increased. As a result, revenue was ¥49,433 million, up 1.2% from the same quarter of the previous year. However, due to deterioration in variable costs and other factors at NITTO KOGYO CORPORATION on a non-consolidated basis and continued weak performance by overseas subsidiaries, operating profit was ¥1,907 million, down 14.4%, and ordinary profit was ¥1,842 million, down 12.8%. In addition, quarterly net profit attributable to owners of the parent was ¥974 million, down 46.4%, due in part to the absence of the extraordinary gain recorded in the same quarter of the previous year.」
Revenue turned from a decline in the previous quarter to a 1.2% increase, while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent declined. - FY2018-Q1RestatedAnnual report
「Revenue was ¥22,875 million, down 2.6% from the same quarter of the previous year; operating profit was ¥506 million, down 12.6%; ordinary profit was ¥484 million, down 5.4%; and quarterly net profit attributable to owners of the parent was ¥60 million, down 88.5%, due in part to the absence of the extraordinary gain recorded in the same quarter of the previous year.」
Declines in both revenue and profit, which continued from the previous fiscal year, were also confirmed in the first-quarter results. - FY2017RestatedAnnual report
「Revenue was ¥106,627 million, down 1.7% from the previous fiscal year; operating profit was ¥6,598 million, down 41.4%; ordinary profit was ¥6,402 million, down 41.5%; and net profit attributable to owners of the parent was ¥4,506 million, down 39.1%.」
The annual results confirmed declines in both revenue and profit, with year-on-year figures reported for consolidated revenue, operating profit, ordinary profit and net profit attributable to owners of the parent. - FY2017-Q3First statedAnnual report
「However, as NITTO KOGYO CORPORATION on a non-consolidated basis recorded declines in both revenue and profit, revenue was ¥76,326 million, down 2.0% from the same quarter of the previous year; operating profit was ¥4,465 million, down 45.3%; ordinary profit was ¥4,351 million, down 45.2%; and quarterly net profit attributable to owners of the parent was ¥3,213 million, down 39.0%.」
For the cumulative third-quarter period, the company specifically reported year-on-year declines in consolidated revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent.