Company-wide Earnings Pressure from Higher Cost-of-Sales Ratio and Sales Commissions
First written in FY2016-Q2. 18 of 35 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026-H1.
Taiyo Technolex moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 6 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Regarding profit and loss, although the decline in revenue from the industrial machinery systems business had a negative impact, lower personnel costs associated with the recruitment of voluntary retirees and higher gross profit margins in the printed circuit board, test systems and mirror polishing machine businesses resulted in operating profit of ¥83 million (an operating loss of ¥57 million in the previous fiscal year), ordinary profit of ¥79 million (an ordinary loss of ¥59 million), and interim net profit attributable to owners of the parent of ¥39 million (an interim net loss attributable to owners of the parent of ¥65 million).」
Lower personnel costs resulting from the recruitment of voluntary retirees and higher gross profit margins in 3 businesses improved operating profit and loss from a loss of ¥57 million to a profit of ¥83 million. - 2026-07-29MitigatedRevision of earnings forecasts
「損益については、テストシステム事業における売上高未達による影響はあったものの、人件費が当初予想を下回ったこと及び電子基板事業において売上高材料費率が想定を下回ったことから、営業損益、経常損益及び親会社株主に帰属する中間純損益は当初予想を上回る見込みであります。」
売上高未達の影響は残るものの、人件費と材料費率の下振れにより全社の損益圧迫が見込み上は緩和された。 - FY2025MitigatedAnnual report
「Regarding profit and loss, although the decline in revenue from the test systems business had a negative impact, lower personnel costs associated with the recruitment of voluntary retirees and the increase in revenue from the printed circuit board and industrial machinery systems businesses resulted in operating profit of ¥142 million (an operating loss of ¥54 million in the previous fiscal year).」
Although the impact of lower revenue from the test systems business remained, lower personnel costs and higher revenue from the printed circuit board and industrial machinery systems businesses improved operating profit and loss from a loss of ¥54 million to a profit of ¥142 million. - FY2025-H1WorsenedAnnual report
「Regarding profit and loss, although the higher gross profit margin in the printed circuit board business had a positive impact, the decline in revenue from the test systems business resulted in an operating loss of ¥57 million (an operating loss of ¥34 million in the previous fiscal year) and an ordinary loss of ¥59 million (an ordinary loss of ¥35 million).」
Although the higher gross profit margin in the printed circuit board business and certain extraordinary gains had a positive impact, the decline in revenue from the test systems business increased both the operating loss and ordinary loss from the previous fiscal year. - FY2024MitigatedAnnual report
「Although sales declined in the printed circuit board and industrial machinery systems businesses, sales increased in the test systems and mirror polishing machine businesses, resulting in higher revenue. Regarding profit and loss, although the decline in revenue from the printed circuit board and industrial machinery systems businesses had a negative impact, the increase in revenue from the test systems and mirror polishing machine businesses and the resulting decrease in the loss due to lower SG&A expenses, including personnel costs, resulted in an operating loss of ¥54 million (an operating loss of ¥141 million in the previous fiscal year)」
Higher revenue from the test systems and mirror polishing machine businesses and lower SG&A expenses, including personnel costs, reduced the operating loss from ¥141 million to ¥54 million. - FY2024-Q2MitigatedAnnual report
「Regarding profit and loss, although the increase in revenue from the test systems business and the decrease in SG&A expenses, including personnel and advertising costs, had a positive impact, the decline in revenue from the printed circuit board and industrial machinery systems businesses resulted in an operating loss of ¥34 million (an operating loss of ¥61 million in the same quarter of the previous year), an ordinary loss of ¥35 million (an ordinary loss of ¥41 million), and a quarterly net loss attributable to owners of the parent of ¥26 million (a quarterly net loss attributable to owners of the parent of ¥33 million).」
Although the decline in revenue from the printed circuit board and industrial machinery systems businesses remained a factor, higher revenue from the test systems business and lower personnel and advertising costs reduced the operating loss from ¥61 million to ¥34 million. - FY2024-Q1MitigatedAnnual report
「Regarding profit and loss, although the decline in revenue from the industrial machinery systems business had a negative impact, the increase in revenue from the test systems and mirror polishing machine businesses and the higher gross profit margin in the printed circuit board business resulted in operating profit of ¥1 million (an operating loss of ¥73 million in the same quarter of the previous year), ordinary profit of ¥3 million (an ordinary loss of ¥62 million), and quarterly net profit attributable to owners of the parent of ¥6 million (a quarterly net loss attributable to owners of the parent of ¥44 million).」
Higher revenue from the test systems and mirror polishing machine businesses and the higher gross profit margin in the printed circuit board business improved operating profit and loss from a loss of ¥73 million in the same quarter of the previous year to a profit of ¥1 million, while ordinary profit and loss and net profit and loss also turned profitable. - FY2023WorsenedAnnual report
「Regarding profit and loss, although the increase in revenue from the mirror polishing machine business and higher gross profit margins in the test systems and industrial machinery systems businesses had a positive impact, the decline in revenue from the printed circuit board business and higher SG&A expenses resulted in an operating loss of ¥141 million (an operating loss of ¥27 million in the previous fiscal year), an ordinary loss of ¥108 million (an ordinary profit of ¥45 million), and an annual net loss attributable to owners of the parent of ¥126 million (an annual net profit attributable to owners of the parent of ¥39 million).」
Although gross profit margins increased in some businesses and revenue rose in the polishing machine business, the decline in revenue from the printed circuit board business and higher SG&A expenses increased the operating loss from ¥27 million to ¥141 million. - FY2023-Q3WorsenedAnnual report
「Regarding profit and loss, although the increase in revenue from the mirror polishing machine business and the higher gross profit margin in the industrial machinery systems business had a positive impact, the decline in revenue from the printed circuit board and test systems businesses and higher SG&A expenses, including personnel costs, resulted in an operating loss of ¥138 million (an operating loss of ¥66 million in the same quarter of the previous year) and an ordinary loss of ¥113 million (an ordinary loss of ¥4 million).」
Although revenue and gross profit margins increased in some businesses, the decline in revenue from the printed circuit board and test systems businesses and higher SG&A expenses increased the operating loss from ¥66 million to ¥138 million and the ordinary loss from ¥4 million to ¥113 million. - FY2023-Q2WorsenedAnnual report
「Regarding profit and loss, although the increase in revenue from the printed circuit board and mirror polishing machine businesses had a positive impact, the decline in revenue from the test systems and industrial machinery systems businesses, lower gross profit margins in the printed circuit board and test systems businesses, and higher SG&A expenses, including personnel and advertising costs, resulted in an operating loss of ¥61 million (an operating loss of ¥24 million in the same quarter of the previous year), an ordinary loss of ¥41 million (an ordinary profit of ¥18 million), and a quarterly net loss attributable to owners of the parent of ¥33 million (a quarterly net profit attributable to owners of the parent of ¥10 million).」
Although revenue increased in some businesses, the decline in revenue from multiple businesses, lower gross profit margins, and higher SG&A expenses, including personnel and advertising costs, increased the operating loss from ¥24 million to ¥61 million. - FY2023-Q1WorsenedAnnual report
「Regarding profit and loss, although the increase in revenue from the industrial machinery systems business had a positive impact, the decline in revenue from the printed circuit board, test systems and mirror polishing machine businesses, the lower gross profit margin in the printed circuit board business, and higher SG&A expenses, including advertising costs, resulted in an operating loss of ¥73 million (an operating loss of ¥29 million in the same quarter of the previous year), an ordinary loss of ¥62 million (an ordinary loss of ¥9 million), and a quarterly net loss attributable to owners of the parent of ¥44 million (a quarterly net loss attributable to owners of the parent of ¥8 million).」
The decline in revenue from 3 businesses, the lower gross profit margin in the printed circuit board business, and higher SG&A expenses increased the company-wide operating loss from ¥29 million to ¥73 million. - FY2022-Q3WorsenedAnnual report
「Although higher sales in the electronic circuit board and mirror-surface polishing machine businesses had a positive impact, lower sales in the test systems business and higher selling, general and administrative expenses, including personnel expenses, resulted in an operating loss of ¥66 million, compared with ¥17 million in the same quarter of the previous year. Grant income, including employment adjustment subsidies, was recorded as non-operating income, resulting in an ordinary loss of ¥4 million, compared with ordinary profit of ¥80 million, and a net loss attributable to owners of the parent of ¥4 million, compared with net profit of ¥77 million.」
Although revenue increased in the printed circuit board and mirror polishing machine businesses, the decline in revenue from the test systems business and higher SG&A expenses, including personnel costs, increased the operating loss from ¥17 million to ¥66 million. - FY2022-Q2WorsenedAnnual report
「Although higher sales in the electronic circuit board and mirror-surface polishing machine businesses had a positive impact, lower sales in the test systems business and higher selling, general and administrative expenses, including personnel expenses, resulted in an operating loss of ¥24 million, compared with operating profit of ¥3 million in the same quarter of the previous year. Grant income, including employment adjustment subsidies, and other items were recorded as non-operating income, resulting in ordinary profit of ¥18 million, down 75.3% year on year, and net profit attributable to owners of the parent of ¥10 million, down 85.8%.」
Although higher sales in the electronic circuit board and mirror-surface polishing machine businesses were positive factors, lower sales in the test systems business and higher selling, general and administrative expenses, including personnel expenses, worsened operating profit and loss from profit of ¥3 million to a loss of ¥24 million. - FY2022-Q1WorsenedAnnual report
「Although higher sales in the electronic circuit board and mirror-surface polishing machine businesses had a positive impact, lower sales in the test systems and industrial machinery systems businesses and higher selling, general and administrative expenses, including personnel and research and development expenses, resulted in an operating loss of ¥29 million, compared with operating profit of ¥42 million in the same quarter of the previous year. Grant income, including employment adjustment subsidies, was recorded as non-operating income, resulting in an ordinary loss of ¥9 million, compared with ordinary profit of ¥94 million, and a net loss attributable to owners of the parent of ¥8 million, compared with net profit of ¥88 million.」
Although higher sales in the electronic circuit board and mirror-surface polishing machine businesses were positive factors, lower sales in the test systems and industrial machinery systems businesses and higher selling, general and administrative expenses, including personnel and research and development expenses, worsened operating profit and loss from profit of ¥42 million to a loss of ¥29 million. - FY2021-Q3MitigatedAnnual report
「Although lower sales in the mirror-surface polishing machine business had an adverse impact, higher gross profit margins in the electronic circuit board, test systems and industrial machinery systems businesses and lower selling, general and administrative expenses narrowed the loss, resulting in an operating loss of ¥17 million, compared with ¥284 million in the same quarter of the previous year. Grant income, including employment adjustment subsidies, recorded as non-operating income resulted in ordinary profit of ¥80 million, compared with an ordinary loss of ¥216 million. The absence of impairment losses and other items recorded in the second quarter of the previous consolidated fiscal period resulted in net profit attributable to owners of the parent of ¥77 million, compared with a net loss of ¥553 million.」
Although lower sales in the mirror-surface polishing machine business remained a negative factor, higher gross profit margins in 3 businesses, lower selling, general and administrative expenses, grant income and the absence of impairment losses narrowed the operating loss from ¥284 million to ¥17 million and brought ordinary profit and profit attributable to owners of the parent into positive territory. - FY2021-Q2MitigatedAnnual report
「Although lower sales in the mirror-surface polishing machine business had an adverse impact, higher gross profit margins in the electronic circuit board and test systems businesses and lower selling, general and administrative expenses, including personnel expenses, resulted in operating profit of ¥3 million, compared with an operating loss of ¥73 million in the same quarter of the previous year. Grant income, including employment adjustment subsidies, was recorded as non-operating income, resulting in ordinary profit of ¥74 million, compared with an ordinary loss of ¥63 million.」
Although sales declined in the mirror-surface polishing machine business, higher gross profit margins in the electronic circuit board and test systems businesses and lower selling, general and administrative expenses improved operating profit and loss from a loss of ¥73 million in the previous year to profit of ¥3 million. - FY2021-Q1MitigatedAnnual report
「Although lower sales in the mirror-surface polishing machine business had an adverse impact, higher gross profit margins in the electronic circuit board and test systems businesses and lower selling, general and administrative expenses, including personnel expenses, resulted in operating profit of ¥42 million, compared with an operating loss of ¥36 million in the same quarter of the previous year. Grant income, including employment adjustment subsidies, was recorded as non-operating income, resulting in ordinary profit of ¥94 million, compared with an ordinary loss of ¥35 million, and net profit attributable to owners of the parent of ¥88 million, compared with a net loss of ¥32 million.」
Although sales declined in the mirror-surface polishing machine business, higher gross profit margins in the electronic circuit board and test systems businesses, lower selling, general and administrative expenses and grant income improved company-wide profit and loss from an operating loss, ordinary loss and net loss in the previous year to profits. - FY2020WorsenedAnnual report
「As a result, consolidated sales were ¥3,175 million, down 18.5% year on year, a decrease of ¥721 million from the previous consolidated fiscal year. Although lower personnel expenses and travel and transportation expenses and the higher gross profit margin in the test systems business had a positive impact, lower sales and the lower gross profit margins in the industrial machinery systems and mirror-surface polishing machine businesses resulted in an operating loss of ¥425 million, compared with ¥113 million in the previous year.」
In addition to lower sales, the lower gross profit margins in the industrial machinery systems and mirror-surface polishing machine businesses caused the operating loss to widen from ¥113 million to ¥425 million. - FY2020-Q3WorsenedAnnual report
「Although lower selling, general and administrative expenses contributed to higher profit, lower sales in the test systems, electronic circuit board and mirror-surface polishing machine businesses and the lower gross profit resulted in an operating loss of ¥284 million, compared with ¥60 million in the same quarter of the previous year.」
Although lower selling, general and administrative expenses were a positive factor, lower sales in 3 businesses and lower gross profit widened the operating loss from ¥60 million to ¥284 million. - FY2020-Q2WorsenedAnnual report
「Although lower selling, general and administrative expenses contributed to higher profit, lower sales in the test systems and electronic circuit board businesses and the lower gross profit margin resulted in an operating loss of ¥73 million, compared with ¥65 million in the same quarter of the previous year, and an ordinary loss of ¥63 million, compared with ¥49 million.」
Although lower selling, general and administrative expenses were a positive factor, lower sales in the test systems and electronic circuit board businesses and the lower company-wide gross profit margin widened the operating loss from ¥65 million to ¥73 million and the ordinary loss from ¥49 million to ¥63 million. - FY2020-Q1WorsenedAnnual report
「Although the higher gross profit margin in the electronic circuit board business had a positive impact, lower sales in the test systems business and higher selling, general and administrative expenses resulted in an operating loss of ¥36 million, compared with ¥35 million in the same quarter of the previous year, an ordinary loss of ¥35 million, compared with ¥20 million, and a net loss attributable to owners of the parent of ¥32 million, compared with ¥15 million.」
Although the gross profit margin in the electronic circuit board business increased, lower test systems sales and higher selling, general and administrative expenses caused the operating loss, ordinary loss and loss attributable to owners of the parent to widen from the previous year. - FY2019WorsenedAnnual report
「Although higher sales in the mirror-surface polishing machine business had a positive impact, lower sales in the test systems, electronic circuit board and industrial machinery systems businesses and the lower gross profit margin resulted in an operating loss of ¥113 million, compared with operating profit of ¥122 million in the previous period.」
Lower sales in 3 businesses and the lower gross profit margin worsened company-wide operating profit and loss from profit of ¥122 million in the previous year to a loss of ¥113 million. - FY2019-Q3WorsenedAnnual report
「Lower sales in the test systems, electronic circuit board and industrial machinery systems businesses and the lower gross profit margin resulted in an operating loss of ¥60 million, compared with operating profit of ¥115 million in the same quarter of the previous year. Insurance proceeds and other items recorded as non-operating income in the first quarter of the consolidated fiscal period resulted in an ordinary loss of ¥36 million, compared with ordinary profit of ¥122 million.」
Lower sales in multiple businesses and the lower gross profit margin worsened operating profit and loss from profit of ¥115 million in the previous year to a loss of ¥60 million. - FY2019-Q2WorsenedAnnual report
「The company posted an operating loss of ¥65 million, compared with operating profit of ¥22 million in the same quarter of the previous year, due to the lower gross profit margin and the impact of lower sales in the electronic circuit board, test systems and industrial machinery systems businesses.」
The lower gross profit margin and lower sales in multiple businesses worsened company-wide operating profit and loss from profit of ¥22 million in the same quarter of the previous year to a loss of ¥65 million. - FY2019-Q1MitigatedAnnual report
「Although the lower gross profit margin in the electronic circuit board business reduced profit, higher sales in the test systems business reduced the operating loss to ¥35 million, compared with ¥37 million in the same quarter of the previous year. Insurance proceeds and other items were recorded as non-operating income, resulting in an ordinary loss of ¥20 million, compared with ¥36 million, and a net loss attributable to owners of the parent of ¥15 million, compared with ¥34 million.」
Although the lower gross profit margin in the electronic circuit board business was a negative factor, higher sales in the test systems business and other factors narrowed the operating loss, ordinary loss and loss attributable to owners of the parent from the previous year. - FY2018MitigatedAnnual report
「Although lower sales in the trading, mirror-surface polishing machine and inspection systems businesses had an adverse impact, higher sales in the circuit-board inspection machine business and the higher gross profit margin in the electronic circuit board business resulted in operating profit of ¥122 million, compared with an operating loss of ¥29 million in the previous year, and ordinary profit of ¥130 million, up 495.6% year on year.」
Although lower sales in some businesses remained a negative factor, higher sales of circuit-board inspection machines and the higher gross profit margin in the electronic circuit board business improved company-wide profit and loss from an operating loss to operating profit of ¥122 million. - FY2018-Q3MitigatedAnnual report
「Although lower sales in the mirror-surface polishing machine and trading businesses and other businesses contributed to lower profit, higher sales in the circuit-board inspection machine business and higher gross profit margins in the electronic circuit board business resulted in operating profit of ¥115 million, compared with an operating loss of ¥58 million in the same quarter of the previous year. Ordinary profit was ¥122 million, compared with an ordinary loss of ¥14 million, and net profit attributable to owners of the parent was ¥68 million, compared with a net loss of ¥26 million.」
Although lower sales in some businesses remained a negative factor, higher sales of circuit-board inspection machines and the higher gross profit margin in the electronic circuit board business improved company-wide profit and loss from a loss in the previous year to a profit. - FY2018-Q2MitigatedAnnual report
「Although lower sales in the mirror-surface polishing machine and trading businesses and other businesses contributed to lower profit, higher sales in the circuit-board inspection machine business and higher gross profit margins in the electronic circuit board business resulted in operating profit of ¥22 million, compared with an operating loss of ¥89 million in the same quarter of the previous year. Ordinary profit was ¥30 million, compared with an ordinary loss of ¥64 million, and net profit attributable to owners of the parent was ¥14 million, compared with a net loss of ¥58 million.」
Higher sales of circuit-board inspection machines and the higher gross profit margin in the electronic circuit board business improved operating profit, ordinary profit and profit attributable to owners of the parent from losses in the previous year to profits. - FY2018-Q1MitigatedAnnual report
「Although lower sales had an adverse impact, higher gross profit margins, mainly in the electronic circuit board business, resulted in an operating loss of ¥37 million, compared with ¥59 million in the same quarter of the previous year, an ordinary loss of ¥36 million, compared with ¥59 million, and a net loss attributable to owners of the parent of ¥34 million, compared with ¥45 million.」
Although sales declined, higher gross profit margins in the electronic circuit board business narrowed the operating loss, ordinary loss and loss attributable to owners of the parent from the same quarter of the previous year. - FY2017-Q3WorsenedAnnual report
「Although higher sales in the mirror-surface polishing machine business and a lower cost-of-sales ratio in the electronic circuit board business contributed to profit growth, the impact of lower sales, mainly in the circuit-board inspection machine business, resulted in an operating loss of ¥58 million, compared with ¥14 million in the same quarter of the previous year. Insurance surrender proceeds were recorded as non-operating income in the second quarter of the consolidated fiscal period and other factors resulted in an ordinary loss of ¥14 million, compared with ordinary profit of ¥10 million, and a net loss attributable to owners of the parent of ¥26 million, compared with ¥3 million.」
Although some businesses generated higher sales and the electronic circuit board business had a lower cost ratio, the company posted an operating loss, ordinary loss and loss attributable to owners of the parent, mainly due to lower sales in the circuit-board inspection machine business. - FY2017-Q2WorsenedAnnual report
「Although higher sales in the mirror-surface polishing machine business and a lower cost-of-sales ratio in the electronic circuit board business contributed to profit growth, the impact of lower sales, mainly in the circuit-board inspection business, resulted in an operating loss of ¥89 million, compared with ¥70 million in the same quarter of the previous year. Insurance surrender proceeds were recorded as non-operating income, resulting in an ordinary loss of ¥64 million, compared with ¥39 million, and a net loss attributable to owners of the parent of ¥58 million, compared with ¥47 million.」
Although some businesses generated higher sales and the electronic circuit board business had a lower cost ratio, lower sales in the circuit-board inspection business caused the operating loss, ordinary loss and loss attributable to owners of the parent to widen from the previous year. - FY2017-Q1WorsenedAnnual report
「Although higher sales in the mirror-surface polishing machine business and a lower cost-of-sales ratio in the electronic circuit board business contributed to profit growth, the impact of lower sales resulted primarily in an operating loss of ¥59 million, compared with an operating loss of ¥35 million in the same quarter of the previous year. Ordinary loss was ¥59 million, compared with ¥12 million, due to lower grant income, and net loss attributable to owners of the parent was ¥45 million, compared with ¥21 million.」
Although some businesses generated higher sales and the cost ratio declined, lower sales and lower grant income caused the operating loss, ordinary loss and loss attributable to owners of the parent to widen from the previous year. - FY2016MitigatedAnnual report
「Although selling, general and administrative expenses increased due to higher sales commissions in the circuit-board inspection machine business, higher sales and lower personnel expenses, including performance-linked bonuses, resulted in operating profit of ¥57 million, up 155.5% year on year. Grant income related to the Pioneering Industrial Technology Research and Development Support Project was recorded as non-operating income, resulting in ordinary profit of ¥93 million, up 118.6%.」
Although sales commissions continued to increase, higher sales, lower personnel expenses and grant income improved operating profit and ordinary profit. - FY2016-Q3MitigatedAnnual report
「Although selling, general and administrative expenses increased due to higher sales commissions in the circuit-board inspection machine business, the impact of higher sales in the circuit-board inspection machine and trading businesses and other factors reduced the operating loss to ¥14 million, compared with ¥96 million in the same quarter of the previous year. In addition, the company recorded grant income related to the Pioneering Industrial Technology Research and Development Support Project as non-operating income in the first quarter of the consolidated fiscal period, resulting in ordinary profit of ¥10 million, compared with an ordinary loss of ¥70 million, and a net loss attributable to owners of the parent of ¥3 million, compared with a net loss attributable to owners of the parent of ¥82 million in the same period.」
Although sales commissions continued to increase, the operating loss narrowed from ¥96 million to ¥14 million due to higher sales and other factors, while grant income helped the company achieve ordinary profitability. - FY2016-Q2First statedAnnual report
「Although higher sales in the circuit-board inspection machine and trading businesses contributed to profit growth, gross profit declined due to the higher cost-of-sales ratio in the electronic circuit board business and lower sales in the inspection systems business. In addition, selling, general and administrative expenses increased due to higher sales commissions in the circuit-board inspection machine business and other factors, resulting in an operating loss of ¥70 million, compared with an operating loss of ¥8 million in the same quarter of the previous year.」
Although some businesses generated higher sales, the company posted an operating loss due to the higher cost ratio, lower inspection systems sales and higher sales commissions.