Year-on-Year Declines in Revenue and Profit
First written in FY2017-Q1. 9 of 40 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 8 of 23 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2027-H1Shift from lower revenue and lower earnings to higher revenue and lower earningsAnnual report
「Although sales of auxiliary switches and I/O terminals decreased, sales of surge absorber terminal blocks and connectors increased, resulting in net sales of ¥1,972 million, up 3.3% year on year. In terms of profit, although net sales exceeded the same period of the previous year, operating profit was ¥86 million, down 36.1% year on year, ordinary profit was ¥124 million, down 22.0%, and interim net income was ¥92 million, down 19.0%, due to an increase in the cost of sales resulting from higher material costs.」
From the net sales and profit decreases in the same period of the previous year, net sales turned to a 3.3% year-on-year increase, while operating profit, ordinary profit and interim net income decreased year on year, resulting in higher sales but lower profit. - FY2026-H1Change from revenue growth and profit growth to revenue decline and profit declineAnnual report
「Net sales were ¥1,908 million, down 4.1% year on year. In terms of profit, as net sales fell below the same period of the previous year, while material costs rose and selling, general and administrative expenses increased, operating profit was ¥136 million, down 38.1% year on year, ordinary profit was ¥160 million, down 32.4%, and interim net income was ¥114 million, down 28.1%.」
Compared with the net sales and profit increases in the same period of the previous year, net sales, operating profit, ordinary profit and interim net income all decreased year on year. - FY2025Shift to higher revenue and lower profitAnnual report
「Net sales were ¥3,927 million, up 5.5% year on year. In terms of profit, although net sales exceeded the same period of the previous year, operating profit was ¥302 million, down 24.4% year on year, and ordinary profit was ¥346 million, down 18.5%, due to increases in the cost of sales and selling, general and administrative expenses.」
Although net sales increased, operating profit and ordinary profit decreased due to increases in the cost of sales and selling, general and administrative expenses, while net income also decreased 31.3% year on year. - FY2025-H1Net sales and profit increased, but interim net income decreased due to the reversal of the gain on sales of investment securities.Annual report
「In terms of profit, operating profit was ¥219 million, up 9.8% year on year, and ordinary profit was ¥236 million, up 11.0%, as net sales exceeded the same period of the previous year and manufacturing expenses decreased. Interim net income was ¥159 million, down 27.0% year on year, as a gain of ¥102 million on sales of investment securities was recorded in the same period of the previous year but did not arise during the current interim accounting period.」
Net sales were ¥1,990 million, up 9.1% year on year, and operating profit and ordinary profit also increased, while interim net income decreased 27.0% year on year because the ¥102 million gain on sales of investment securities recorded in the same period of the previous year did not arise. - FY2025-Q1Despite higher sales, operating income, ordinary income and net income declined, with the decline in net income widening due to the absence of the previous year's gain on sale of investment securitiesAnnual report
「Net sales were ¥979 million, up 2.1% year on year. Although net sales exceeded the year-earlier period, some selling, general and administrative expenses increased, resulting in operating income of ¥103 million, down 4.1% year on year. Ordinary income was ¥106 million, down 6.9%, due to lower subsidy income. Quarterly net income was ¥73 million, down 51.4% year on year. A ¥102 million gain on sale of investment securities had been recorded in the year-earlier period, but no such gain was recorded during the cumulative first-quarter period.」
Although net sales increased, operating profit, ordinary profit and quarterly net income decreased due to increases in selling, general and administrative expenses, a decrease in grant income, and the reversal of the gain on sales of investment securities recorded in the same period of the previous year. - FY2024Shifted to higher sales and earnings for the full year, with the gain on sale of investment securities accelerating net income growthAnnual report
「Net sales were ¥3,723 million, up 0.4% year on year. In addition to higher net sales, lower costs for some selling, general and administrative expenses resulted in operating income of ¥399 million, up 13.9% year on year, and ordinary income of ¥425 million, up 13.7%. Net income was ¥349 million, up 33.3% year on year, due to a ¥104 million gain on sale of investment securities recorded as extraordinary income.」
The Company shifted from lower sales but higher earnings in the previous fiscal year to higher sales and earnings, with net sales, operating income, ordinary income and net income all increasing year on year. The ¥104 million gain on sale of investment securities accelerated net income growth. - FY2024-Q3Despite lower sales, operating income, ordinary income and net income increased, with the gain on sale of investment securities accelerating net income growthAnnual report
「Net sales were ¥2,747 million, down 1.8% year on year. Although net sales fell below the year-earlier period, lower costs for some selling, general and administrative expenses resulted in operating income of ¥296 million, up 10.6% year on year, and ordinary income of ¥314 million, up 8.0%. Quarterly net income was ¥290 million, up 42.2% year on year, due to a ¥104 million gain on sale of investment securities recorded as extraordinary income.」
Although net sales declined during the cumulative third-quarter period, operating income and ordinary income increased, while quarterly net income rose 42.2% year on year due to the ¥104 million gain on sale of investment securities. - FY2024-Q2Lower sales but higher operating income, ordinary income and net incomeAnnual report
「Net sales were ¥1,824 million, down 3.5% year on year. Although net sales fell below the year-earlier period, inventory buildup and lower costs for some selling, general and administrative expenses resulted in operating income of ¥200 million, up 5.1% year on year, and ordinary income of ¥213 million, up 2.7%. Quarterly net income was ¥218 million, up 50.1% year on year, due to a ¥102 million gain on sale of investment securities recorded as extraordinary income.」
During the cumulative second-quarter period, net sales declined 3.5% year on year, while operating income increased 5.1%, ordinary income increased 2.7% and quarterly net income increased 50.1%, resulting in lower sales but higher earnings. - FY2024-Q1Change from revenue growth and profit decline to revenue growth and profit growthAnnual report
「In terms of earnings, net sales exceeded the year-earlier period and some manufacturing expenses declined, resulting in operating income of ¥107 million, up 40.0% year on year, and ordinary income of ¥114 million, up 31.1%. Quarterly net income was ¥151 million, up 149.1% year on year, due to a ¥102 million gain on sale of investment securities recorded as extraordinary income.」
Net sales increased 1.4% year on year, while operating income, ordinary income and quarterly net income also increased, shifting from higher sales but lower earnings in the first quarter of the previous fiscal year to higher sales and earnings. - FY2023Full-year confirmation of lower sales and higher earningsAnnual report
「Net sales were ¥3,707 million, down 0.4% year on year. In terms of earnings, inventory buildup accompanying higher orders and lower costs for some manufacturing expenses resulted in operating income of ¥350 million, up 52.9% year on year, ordinary income of ¥374 million, up 36.6%, and net income of ¥262 million, up 37.3%.」
While net sales declined 0.4% year on year, operating income, ordinary income and net income increased, resulting in lower sales but higher earnings for the full year. - FY2023-Q3Shift to Profit Growth Despite Lower RevenueAnnual report
「Net sales were ¥2,798 million, down 1.0% year on year. In terms of earnings, inventory buildup accompanying higher orders and lower costs for some manufacturing expenses resulted in operating income of ¥268 million, up 60.7% year on year, ordinary income of ¥291 million, up 45.5%, and quarterly net income of ¥204 million, up 46.1%.」
While net sales declined year on year, operating income, ordinary income and quarterly net income increased, shifting from lower sales and earnings in the cumulative second-quarter period to lower sales but higher earnings. - FY2023-Q2Shifted from lower sales and earnings to higher sales and earnings year on yearAnnual report
「Net sales were ¥1,890 million, up 3.1% year on year. In terms of earnings, in addition to higher net sales, inventory buildup accompanying higher orders and lower costs for some manufacturing expenses resulted in operating income of ¥190 million, up 125.5% year on year, ordinary income of ¥207 million, up 80.1%, and quarterly net income of ¥145 million, up 79.6%.」
After the lower sales and earnings in the year-earlier cumulative second-quarter period, net sales, operating income, ordinary income and quarterly net income all increased year on year. - FY2023-Q1Higher sales but lower earnings confirmedAnnual report
「Net sales were ¥945 million, up 0.9% year on year. Although net sales exceeded the year-earlier period, rising material costs in manufacturing resulted in operating income of ¥76 million, down 11.4% year on year, ordinary income of ¥87 million, down 15.5%, and quarterly net income of ¥60 million, down 16.6%.」
While net sales increased year on year, operating income, ordinary income and quarterly net income all declined, resulting in higher sales but lower earnings. - FY2022Full-year higher sales but lower earnings confirmedAnnual report
「Net sales were ¥3,721 million, up 1.7% year on year. Although net sales exceeded the year-earlier period, increases in labor costs and manufacturing expenses resulted in operating income of ¥229 million, down 20.2% year on year, ordinary income of ¥274 million, down 10.6%, and net income of ¥191 million, down 6.9%.」
The higher sales but lower earnings recorded in the cumulative third-quarter period continued through the full year. Net sales increased, while operating income, ordinary income and net income declined year on year. - FY2022-Q3Shifted from lower sales and earnings in the cumulative second-quarter period to higher sales but lower earnings in the cumulative third-quarter periodAnnual report
「Net sales were ¥2,825 million, up 1.1% year on year. In terms of earnings, labor costs and manufacturing expenses increased, resulting in operating income of ¥166 million, down 38.4% year on year, ordinary income of ¥200 million, down 28.4%, and quarterly net income of ¥139 million, down 29.1%.」
While the cumulative second-quarter period saw lower sales and earnings, net sales turned to a 1.1% year-on-year increase in the cumulative third-quarter period. Operating income, ordinary income and quarterly net income, however, all declined year on year. - FY2022-Q2Shifted from higher sales and earnings in the first quarter to lower sales and earnings in the cumulative second-quarter periodAnnual report
「Net sales were ¥1,833 million, down 1.1% year on year. In terms of earnings, labor costs and manufacturing expenses increased, resulting in operating income of ¥84 million, down 54.0% year on year, ordinary income of ¥115 million, down 39.7%, and quarterly net income of ¥81 million, down 39.2%.」
After the year-on-year increases in sales and earnings in the first quarter, net sales, operating income, ordinary income and quarterly net income all declined year on year during the cumulative second-quarter period. - FY2022-Q1Shifted from lower sales and earnings for the full year to higher sales and earnings in the first quarterAnnual report
「Net sales were ¥937 million, up 1.3% year on year. As net sales exceeded the year-earlier period, operating income was ¥86 million, up 1.4% year on year, ordinary income was ¥103 million, up 12.5%, and quarterly net income was ¥72 million, up 11.4%.」
After the lower sales and earnings in the previous fiscal year, net sales, operating income, ordinary income and quarterly net income all increased year on year during the cumulative first-quarter period. - FY2021Full-year lower sales and earnings, a shift from the previous year's higher sales and earningsAnnual report
「Net sales were ¥3,659 million, down 7.2% year on year. As net sales fell below the year-earlier period, operating income was ¥287 million, down 23.8% year on year, ordinary income was ¥306 million, down 23.3%, and net income was ¥205 million, down 26.8%.」
After the higher sales and earnings in the previous fiscal year, net sales, operating income, ordinary income and net income all declined year on year. - FY2021-Q3Lower sales but higher operating and ordinary income, with lower quarterly net incomeAnnual report
「Net sales were ¥2,796 million, down 3.6% year on year. In terms of earnings, net sales fell below the year-earlier period, but efforts to reduce manufacturing costs, selling, general and administrative expenses, and related costs, together with some expenses expected to be incurred from the fourth quarter onward, resulted in operating income of ¥271 million, up 5.6% year on year, ordinary income of ¥280 million, up 2.4%, and quarterly net income of ¥197 million, down 4.3%.」
Although net sales declined during the cumulative third-quarter period, operating income and ordinary income increased year on year due to cost reductions and the postponement of some expenses. Quarterly net income, however, declined year on year. - FY2021-Q2Lower revenue but higher profitAnnual report
「Net sales were ¥1,852 million, down 2.7% year on year. In terms of earnings, the Company worked to control manufacturing costs, selling, general and administrative expenses, and related costs. In addition, some expenses were expected to be incurred from the third quarter onward. As a result, operating income was ¥183 million, up 33.0% year on year, ordinary income was ¥191 million, up 24.2%, and quarterly net income was ¥133 million, up 11.5%.」
While net sales declined year on year, operating income, ordinary income and quarterly net income increased, resulting in lower sales but higher earnings. - FY2021-Q1Shifted from lower sales and earnings to higher sales and earnings year on yearAnnual report
「Net sales for the cumulative first-quarter period were ¥925 million, up 8.0% year on year. In terms of earnings, the Company worked to control manufacturing costs, selling, general and administrative expenses, and related costs. In addition, some expenses were expected to be incurred from the second quarter onward. As a result, operating income was ¥85 million, up 184.1% year on year, ordinary income was ¥92 million, up 141.7%, and quarterly net income was ¥65 million, up 123.4%.」
After the lower sales and earnings recorded in the first quarter of the previous fiscal year, net sales, operating income, ordinary income and quarterly net income all increased year on year. - FY2020Shifted from lower sales and earnings for the quarter to higher sales and earnings for the full yearAnnual report
「Net sales were ¥3,944 million, up 0.9% year on year. In terms of earnings, net sales exceeded the year-earlier period, resulting in operating income of ¥377 million, up 0.4% year on year, and ordinary income of ¥399 million, up 1.3%.」
Although net sales and earnings declined year on year during the cumulative first- through third-quarter periods, net sales, operating income, ordinary income and net income all increased year on year for the full year. - FY2020-Q3RestatedAnnual report
「Net sales were ¥2,899 million, down 0.5% year on year. In terms of earnings, net sales fell below the year-earlier period, resulting in operating income of ¥256 million, down 9.6% year on year, and ordinary income of ¥273 million, down 8.2%. Quarterly net income was ¥205 million, down 0.3% year on year, due to the ¥12 million reversal of the provision for losses on the dissolution of the employees' pension fund recorded as extraordinary income.」
Net sales, operating income, ordinary income and quarterly net income all declined year on year during the cumulative third-quarter period, indicating that the lower sales and earnings trend from the previous quarter continued. - FY2020-Q2RestatedAnnual report
「Net sales for the cumulative second-quarter period were ¥1,903 million, down 4.5% year on year. In terms of earnings, net sales fell below the year-earlier period, resulting in operating income of ¥138 million, down 34.4% year on year, and ordinary income of ¥154 million, down 30.0%. Quarterly net income was ¥119 million, down ¥30 million from the year-earlier period and down 20.5% year on year. A ¥12 million reversal of the provision for losses on the dissolution of the employees' pension fund was recorded as extraordinary income.」
The year-on-year declines in sales and earnings that followed the previous year's higher sales and earnings continued through the cumulative second-quarter period, with net sales, operating income, ordinary income and quarterly net income all declining year on year. - FY2020-Q1Shifted from higher sales and earnings to lower sales and earnings year on yearAnnual report
「Net sales for the cumulative first-quarter period were ¥856 million, down 14.5% year on year. In terms of earnings, as net sales fell below the year-earlier period, operating income was ¥30 million, down 74.6% year on year, ordinary income was ¥38 million, down 68.3%, and quarterly net income was ¥29 million, down 64.6%.」
After the higher sales and earnings recorded in the first quarter of the previous fiscal year, net sales, operating income, ordinary income and quarterly net income all declined year on year. - FY2019RestatedAnnual report
「In terms of earnings, personnel expenses increased, but efforts to reduce one-time expenses associated with the expansion of the Minami-Kusatsu Plant and to lower manufacturing costs resulted in operating income of ¥376 million, up 29.4% year on year, ordinary income of ¥394 million, up 26.5%, and net income of ¥277 million, up 14.1%.」
Net sales were ¥3,909 million, operating income was ¥376 million, ordinary income was ¥394 million and net income was ¥277 million, confirming a second consecutive year of higher sales and earnings. - FY2019-Q3RestatedAnnual report
「Net sales were ¥2,915 million, up 3.1% year on year. In terms of earnings, in addition to higher net sales, one-time expenses related to the expansion of the Minami-Kusatsu Plant declined. As a result, operating income was ¥283 million, up 34.4% year on year, ordinary income was ¥297 million, up 32.6%, and quarterly net income was ¥206 million, up 15.1%.」
Net sales, operating income, ordinary income and quarterly net income all increased year on year, with higher sales and earnings continuing through the cumulative third-quarter period from the previous fiscal year. - FY2019-Q2RestatedAnnual report
「Net sales for the cumulative second-quarter period were ¥1,993 million, up 5.1% year on year. In terms of earnings, in addition to higher net sales, the Company reduced one-time expenses related to the expansion of the Minami-Kusatsu Plant and worked to cut costs. As a result, operating income was ¥210 million, up 73.1% year on year, ordinary income was ¥220 million, up 65.3%, and quarterly net income was ¥150 million, up 29.7%.」
Net sales, operating income, ordinary income and quarterly net income all increased year on year, with higher sales and earnings continuing through the cumulative second-quarter period from the previous fiscal year. - FY2019-Q1Net sales and all earnings increased year on year, while the growth rates for operating income and ordinary income acceleratedAnnual report
「Net sales for the cumulative first-quarter period were ¥1,001 million, up 5.3% year on year. In terms of earnings, in addition to higher net sales, the Company reduced one-time expenses related to the expansion of the Minami-Kusatsu Plant and worked to cut costs. As a result, operating income was ¥118 million, up 74.0% year on year, ordinary income was ¥120 million, up 62.5%, and quarterly net income was ¥82 million, up 5.9%.」
Net sales, operating income, ordinary income and quarterly net income all increased year on year. This marked a second consecutive quarter of higher sales and earnings following the first quarter of the previous fiscal year. The growth rates for operating income and ordinary income were well above those of the year-earlier period, while net income growth was limited to 5.9%. - FY2018Continued growth in net sales, but year-on-year declines in earningsAnnual report
「In terms of earnings, net sales exceeded the year-earlier period, but operating income was ¥290 million, down 34.6% year on year, ordinary income was ¥311 million, down 33.3%, and net income was ¥242 million, down 20.1%, due to increases in depreciation and other expenses associated with the expansion of the Minami-Kusatsu Plant.」
While net sales were ¥3,899 million, up 3.4% year on year, operating income, ordinary income and net income declined due to increases in depreciation and other expenses associated with the plant expansion. - FY2018-Q3RestatedAnnual report
「Net sales for the cumulative third-quarter period were ¥2,827 million, up 0.7% year on year. In terms of earnings, operating expenses including depreciation increased due to the expansion of the Minami-Kusatsu Plant, resulting in operating income of ¥211 million, down 34.4% year on year, and ordinary income of ¥224 million, down 33.3%. Quarterly net income was ¥179 million, down 20.5% year on year. A ¥48 million provision for losses on the dissolution of the employees' pension fund was recorded as an extraordinary loss, but gains on sales of investment securities of ¥63 million and a gain on sale of land of ¥20 million were recorded as extraordinary income.」
While net sales continued to increase year on year, operating income, ordinary income and quarterly net income all declined year on year due to depreciation and other expenses associated with the plant expansion. - FY2018-Q2Continued growth in net sales, but year-on-year declines in earningsAnnual report
「Against this backdrop, the Company focused its sales activities domestically on the electric power, general industrial, and railway and rolling stock industries, and overseas on Southeast Asia and countries in the Middle East. Although sales of drop-type fault indicators and semaphore indicators for overseas substation equipment declined, sales of surge absorber terminal blocks and LED indicator lamps for substation equipment increased. As a result, net sales for the cumulative second-quarter period were ¥1,896 million, up 0.3% year on year. In terms of earnings, operating expenses including depreciation increased due to the expansion of the Minami-Kusatsu Plant, resulting in operating income of ¥121 million, down 41.1% year on year, and ordinary income of ¥133 million, down 38.9%. Quarterly net income was ¥115 million, down 20.4% year on year. A ¥48 million provision for losses on the dissolution of the employees' pension fund was recorded as an extraordinary loss, but gains on sales of investment securities of ¥63 million and a gain on sale of land of ¥20 million were recorded as extraordinary income.」
While net sales remained up 0.3% year on year, operating income, ordinary income and quarterly net income all declined year on year due to depreciation and other expenses associated with the plant expansion. - FY2018-Q1Shifted from a year-on-year decrease to an increaseAnnual report
「Net sales for the cumulative first-quarter period were ¥951 million, up 5.1% year on year. In terms of earnings, depreciation and other expenses increased due to the expansion of the Minami-Kusatsu Plant, but because net sales exceeded the year-earlier period, operating income was ¥68 million, up 5.4% year on year, ordinary income was ¥74 million, up 6.2%, and quarterly net income was ¥77 million, up 70.6%.」
Net sales, operating income, ordinary income and quarterly net income all increased year on year, turning from the year-on-year declines that had continued through the previous fiscal year to increases. - FY2017RestatedAnnual report
「Net sales were ¥3,769 million, down 5.8% year on year. In terms of earnings, in addition to lower net sales, expenses including personnel costs increased. As a result, operating income was ¥444 million, down 26.5% year on year, ordinary income was ¥467 million, down 25.9%, and net income was ¥304 million, down 23.8%.」
It states that, for the full year, net sales, operating income, ordinary income and net income were all below the year-earlier period. - FY2017-Q3RestatedAnnual report
「Revenue for the cumulative third quarter was ¥2,806 million, down 4.0% year on year. In terms of earnings, operating income was ¥322 million, down 26.9% year on year, ordinary income was ¥336 million, down 26.8%, and quarterly net income was ¥225 million, down 19.5%, as revenue fell below the year-earlier level and personnel and other expenses increased.」
It states that, for the cumulative third-quarter period, net sales, operating income, ordinary income and quarterly net income were all below the year-earlier period. - FY2017-Q2RestatedAnnual report
「Revenue for the cumulative second quarter was ¥1,890 million, down 2.5% year on year. In terms of earnings, operating income was ¥206 million, down 27.5% year on year, ordinary income was ¥217 million, down 27.7%, and quarterly net income was ¥145 million, down 24.2%, as revenue fell below the year-earlier level and personnel and other expenses increased.」
The note states that, even in the cumulative second quarter, revenue, operating income, ordinary income and quarterly net income were all below the year-earlier levels. - FY2017-Q1First statedAnnual report
「Revenue was ¥905 million, down 4.6% year on year. In terms of earnings, operating income was ¥64 million, down 43.9% year on year, ordinary income was ¥69 million, down 43.3%, and quarterly net income was ¥45 million, down 40.2%, as revenue fell below the year-earlier level and personnel and other expenses increased.」
For the cumulative first quarter, the note states that revenue, operating income, ordinary income and quarterly net income were all below the year-earlier levels.