Decline in operating profit due to higher SG&A expenses in the Europe segment
First written in FY2019-Q3. 1 of 20 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2025: 10 of 21 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Updated full-year results to reflect lower revenue and a return to operating profitabilityAnnual report
「Revenue in the Europe segment was ¥4.238 billion, down 2.3% from the previous fiscal year. Operating profit was ¥35 million, compared with an operating loss of ¥65 million in the previous fiscal year.」
The Europe segment reported lower revenue, while it swung from an operating loss of ¥65 million to operating profit of ¥35 million. - FY2026-H1Updated to reflect lower revenue and a return to operating profitability amid price competitionAnnual report
「Amid stagnation in the European economy, sales in local-currency terms declined due in part to price competition with European and Chinese companies.」
Revenue in the Europe segment declined in local-currency terms, while yen-denominated revenue fell 6.4% year on year and operating profit increased from ¥0 million in the previous year to ¥21 million. - FY2025Updated full-year results for the Europe segmentAnnual report
「Revenue in the Europe segment was ¥4.339 billion, up 4.6% from the previous consolidated fiscal year. The operating loss was ¥65 million, affected by a deterioration in the cost ratio and other factors, compared with an operating loss of ¥37 million in the previous consolidated fiscal year.」
Revenue in Europe increased 4.6%, while the operating loss widened from ¥37 million to ¥65 million due to a deterioration in the cost ratio and other factors. - FY2025-H1Updated second-quarter cumulative results for the Europe segmentAnnual report
「Although the stagnation in the European economy had bottomed out and signs of a gradual recovery were emerging, conditions in France, the principal market, were affected by a substantial decline in new housing starts in the core detached-home market and by stagnation in the movement of many properties in the first half of the second quarter due to the Paris Olympics. However, sales of IP network-compatible intercom systems remained strong as a result of active order-taking efforts in the apartment market and stronger solution proposals for the commercial market, leading to higher revenue in local-currency terms.」
Revenue in the Europe segment increased 12.5%, while operating profit declined 97.3% year on year due to a deterioration in the cost ratio and other factors. Despite stagnant market conditions in France, local-currency revenue increased as a result of stronger order-taking activities and solution proposals. - FY2024-Q3Updated third-quarter cumulative results for the Europe segmentAnnual report
「Although revenue in the Europe segment declined in local-currency terms, yen-denominated revenue was ¥2.979 billion, up 7.5% from the same period of the previous year on a consolidated cumulative basis due to foreign exchange movements. The operating loss was ¥77 million, compared with an operating loss of ¥35 million in the same period of the previous year.」
Yen-denominated revenue in the Europe segment increased 7.5% due to foreign exchange movements, while the operating loss widened from ¥35 million in the previous year to ¥77 million. - FY2024-Q2AdvancedAnnual report
「Revenue in the Europe segment increased in local-currency terms and also rose substantially in yen-denominated terms due to foreign exchange movements, reaching ¥1.959 billion, up 14.7% from the same period of the previous year on a consolidated cumulative basis. Operating profit was ¥17 million, compared with an operating loss of ¥31 million in the same period of the previous year.」
Revenue in the Europe segment increased 14.7%, and the segment swung from an operating loss of ¥31 million in the previous year to operating profit of ¥17 million. - FY2024-Q1Updated first-quarter cumulative results for the Europe segmentAnnual report
「As a result, although revenue in the Europe segment declined in local-currency terms, yen-denominated revenue was ¥947 million, up 3.5% from the same period of the previous year on a consolidated cumulative basis due to foreign exchange movements. The operating loss was ¥14 million, compared with an operating loss of ¥20 million in the same period of the previous year.」
The first-quarter cumulative results for the Europe segment have been updated. Revenue declined in local-currency terms, while yen-denominated revenue increased 3.5% due to foreign exchange movements, and the operating loss narrowed from ¥20 million in the previous year to ¥14 million. - FY2023-Q3Updated third-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue in the Europe segment was ¥2.772 billion, down 9.6% from the same period of the previous year on a consolidated cumulative basis. The operating loss was ¥35 million, partly due to lower revenue, compared with operating profit of ¥68 million in the same period of the previous year.」
The third-quarter cumulative results for the Europe segment show revenue down 9.6% and a shift from operating profit in the previous year to an operating loss. - FY2023-Q2Updated second-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue in the Europe segment was ¥1.708 billion, down 15.9% from the same period of the previous year on a consolidated cumulative basis. As revenue declined, the segment reported an operating loss of ¥31 million, compared with operating profit of ¥60 million in the same period of the previous year.」
The second-quarter cumulative results for the Europe segment show revenue down 15.9% and a shift from operating profit in the previous year to an operating loss. - FY2023-Q1Updated first-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue in the Europe segment was ¥914 million, down 20.7% from the same period of the previous year on a consolidated cumulative basis. The segment reported an operating loss of ¥20 million, compared with operating profit of ¥65 million in the same period of the previous year.」
The first-quarter cumulative results for the Europe segment show revenue down 20.7% and a shift from operating profit in the previous year to an operating loss. - FY2022Updated full-year results for the Europe segmentAnnual report
「As a result, revenue was ¥3.969 billion, up 14.3% from the previous consolidated fiscal year. Operating profit was ¥61 million, down 42.9% year on year, due in part to higher personnel costs and other factors.」
The full-year results for the Europe segment show revenue up 14.3% year on year, while operating profit declined 42.9% due to higher personnel costs and other factors. - FY2022-Q3Updated third-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue was ¥3.066 billion, up 23.4% from the same period of the previous year on a consolidated cumulative basis. Operating profit was ¥68 million, down 22.7% year on year, due in part to higher personnel costs and ocean freight costs.」
The third-quarter cumulative results for the Europe segment show revenue up 23.4%, while operating profit declined 22.7% due to higher personnel costs, ocean freight costs and other factors. - FY2022-Q2Updated second-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue was ¥2.03 billion, up 37.5% from the same period of the previous year on a consolidated cumulative basis, and operating profit was ¥60 million, up 41.3% year on year.」
The second-quarter cumulative results for the Europe segment show revenue up 37.5% and operating profit up 41.3%. - FY2022-Q1Updated first-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue in the Europe segment was ¥1.152 billion, up 86.0% from the same period of the previous year on a consolidated cumulative basis. Operating profit was ¥65 million, compared with operating profit of ¥2 million in the same period of the previous year.」
The first-quarter cumulative results for the Europe segment show revenue up 86.0% and operating profit of ¥65 million. - FY2021-Q3Updated third-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue was ¥2.485 billion, down 7.0% from the same period of the previous year on a consolidated cumulative basis. Operating profit was ¥89 million, up 396.7% year on year, partly due to cost reductions and other factors.」
The third-quarter cumulative results for the Europe segment show revenue down 7.0% and operating profit up 396.7%. It states that profit increased due to business activities and cost reductions from the second quarter onward, despite lower revenue following restrictions on economic activity in the first quarter. - FY2021-Q2Updated second-quarter cumulative results for the Europe segmentAnnual report
「As a result, revenue was ¥1.476 billion, down 19.1% from the same period of the previous year on a consolidated cumulative basis. Operating profit was ¥42 million, down 1.4% year on year, partly due to cost reductions and other factors.」
The second-quarter cumulative results for the Europe segment have been updated to reflect a 19.1% year-on-year decline in revenue and a 1.4% decline in operating profit amid cost reductions and other factors. - FY2020Updated to full-year segment resultsAnnual report
「As a result, although revenue increased year on year in local-currency terms, it was affected by foreign exchange movements and came to ¥3.525 billion, down 4.5% from the previous consolidated fiscal year. Operating profit was ¥40 million, down 41.3% year on year, partly due to higher SG&A expenses and other factors.」
The full-year results have been updated to reflect higher revenue in local-currency terms but lower yen-denominated revenue due to foreign exchange movements, as well as lower operating profit due to higher SG&A expenses in the Europe segment. - FY2020-Q3Updated with cumulative third-quarter resultsAnnual report
「As a result, although revenue increased year on year in local-currency terms, it was affected by foreign exchange movements and came to ¥2.672 billion, down 2.7% from the same period of the previous year on a consolidated cumulative basis. Operating profit was ¥17 million, down 14.4% year on year, partly due to the impact of changes in intercompany transfer prices and other factors.」
For the Europe segment, the third-quarter cumulative results for yen-denominated revenue and operating profit, which were affected by foreign exchange movements despite growth in local-currency terms, have been updated. - FY2020-Q2Updated to reflect higher operating profitAnnual report
「Operating profit was ¥43 million, up 16.3% year on year, partly due to the impact of changes in intercompany transfer prices and other factors.」
It states that operating profit in the Europe segment increased 16.3% year on year amid the impact of changes in intercompany transfer prices and other factors. - FY2019-Q3First statedAnnual report
「As a result, despite higher revenue, operating profit was ¥20 million, down 55.4% year on year, partly due to higher SG&A expenses at アイホンＳ.Ａ.Ｓ. and other factors.」
This is the first time it has been recorded as a standalone theme that, in the Europe segment, operating profit declined 55.4% year on year despite higher revenue, due to higher SG&A expenses and other factors at the French subsidiary.