TOWA's Continued Operating Profitability Through Direct-Sales Expansion and Expense Reductions
First written in FY2017-Q2. 5 of 11 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Tb Group moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 5 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Key financial information ① Revenue: ¥1,061.788 million ② Ordinary income (loss): loss of ¥22.485 million ③ Net income (loss): loss of ¥25.225 million ④ Net assets: negative ¥100.806 million」
TOWA CORPORATION shifted from ordinary income and net income in the previous fiscal year to an ordinary loss and a net loss, while negative net assets increased from ¥75.581 million to ¥100.806 million. - FY2025MitigatedAnnual report
「Key financial information ① Revenue: ¥1,301.374 million ② Ordinary income: ¥3.368 million ③ Net income: ¥2.108 million ④ Net assets: negative ¥75.581 million」
TOWA CORPORATION recorded ordinary income and net income, improving from losses in the previous fiscal year. Negative net assets amounted to ¥75.581 million, and the negative-net-assets position continued. - FY2024WorsenedAnnual report
「Revenue of TOWA CORPORATION, excluding intercompany revenue, accounts for more than 10% of consolidated revenue. It is also an insolvent consolidated subsidiary that has a material effect on the consolidated financial statements, with negative net assets of ¥77.689 million. Key financial information: ① Revenue: ¥1,370.961 million ② Ordinary income (loss): loss of ¥1.523 million ③ Net income (loss): loss of ¥9.597 million」
Negative net assets at TOWA CORPORATION increased from ¥68.091 million in the previous fiscal year to ¥77.689 million, while the company recorded an ordinary loss of ¥1.523 million and a net loss of ¥9.597 million. - FY2023WorsenedAnnual report
「Revenue of TOWA CORPORATION, excluding intercompany revenue, accounts for more than 10% of consolidated revenue. Although the voting rights ownership ratio is 50% or less, TOWA CORPORATION is treated as a subsidiary because it is effectively controlled. It is also an insolvent consolidated subsidiary that has a material effect on the consolidated financial statements, with negative net assets of ¥68.091 million.」
TOWA CORPORATION, previously described as maintaining operating profitability, recorded an ordinary loss of ¥19.970 million and a net loss of ¥22.805 million for the fiscal year, while negative net assets increased to ¥68.091 million. - FY2022WorsenedAnnual report
「Revenue of TOWA CORPORATION, excluding intercompany revenue, accounts for more than 10% of consolidated revenue. Although the voting rights ownership ratio is 50% or less, TOWA CORPORATION is treated as a subsidiary because it is effectively controlled. It is also an insolvent consolidated subsidiary that has a material effect on the consolidated financial statements, with negative net assets of ¥45.285 million.」
TOWA CORPORATION, previously described as maintaining operating profitability, recorded an ordinary loss and a net loss for the fiscal year, and disclosed negative net assets of ¥45.285 million. - FY2019WorsenedAnnual report
「In addition, following consideration of the bankruptcy of a TOWA CORPORATION distributor and the collectability of receivables from an equity-method affiliate, the company recorded an allowance for doubtful accounts as a non-operating expense.」
The bankruptcy of a TOWA CORPORATION distributor and the collectability of receivables from an affiliate emerged as factors affecting the annual results, and the company recorded an allowance for doubtful accounts. - FY2018-Q3RestatedAnnual report
「TOWA CORPORATION, a management partner of the Hikari Tsushin Group, has continued to generate an operating profit, driven by growth in its direct-sales division.」
The company reconfirms that TOWA CORPORATION has remained operating-profit positive, supported by growth in its direct-sales division. - FY2018-Q2RestatedAnnual report
「During the period, the operating-profit-positive companies were consolidated subsidiary TOWA CORPORATION and equity-method affiliate Hospital Net.」
The company confirms again this quarter that TOWA CORPORATION is operating-profit positive. - FY2017RestatedAnnual report
「TOWA CORPORATION, a management partner of the Hikari Tsushin Group, continued to secure an operating profit in the fiscal year, supported by growth in its direct-sales division and the effects of expense reductions.」
The company reconfirms in its annual results that TOWA CORPORATION secured an operating profit, supported by growth in its direct-sales division and expense reductions. - FY2017-Q3RestatedAnnual report
「TOWA CORPORATION, a management partner of the Hikari Tsushin Group, has also continued to generate an operating profit, supported by continued growth in its direct-sales division.」
The company reconfirms that TOWA CORPORATION has remained operating-profit positive, driven by growth in its direct-sales division. - FY2017-Q2First statedAnnual report
「TOWA CORPORATION, a management partner of the Hikari Tsushin Group, has remained profitable at the operating level due to growth in its direct-sales division and the effects of expense reductions.」
The company explains that TOWA CORPORATION has remained operating-profit positive, driven by growth in its direct-sales division and the effects of expense reductions.