Declines in operating income and ordinary income despite higher sales
First written in FY2016. 15 of 37 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-14.
Icom moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 11 of 49 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-14MitigatedEarnings
「Operating profit increased 182.3% year on year to ¥687 million, ordinary profit increased 182.0% to ¥967 million due in part to foreign exchange gains, and net income attributable to owners of the parent increased 166.2% to ¥696 million.」
From the previous period’s decline in sales and operating profit, the company shifted to higher operating profit, ordinary profit and quarterly net income in the quarter under review as sales increased. - FY2026Above-plan performance alongside year-on-year earnings declinesAnnual report
「Revenue was ¥3,695.9 million, ¥959 million above plan, or 102.7% of plan. Operating income was ¥2,913 million, ¥363 million above plan, or 114.3% of plan, and the operating margin also exceeded plan at 7.9%.」
Revenue, operating income and the operating margin exceeded the revised plan following the downward revision. However, year on year, revenue decreased 1.4%, operating income 21.7%, ordinary income 2.3% and net income 9.7%. - FY2026-H1WorsenedAnnual report
「Revenue for the interim consolidated accounting period was ¥1,701.2 million, down 5.0% year on year, and gross profit was ¥730.1 million, down 8.8%. Selling, general and administrative expenses increased ¥250 million to ¥664.7 million due mainly to higher personnel expenses, while operating income was ¥653 million, down 59.3%.」
Lower revenue and gross profit, together with higher selling, general and administrative expenses, resulted in a 59.3% decline in operating income. Ordinary income also decreased 31.4% and interim net income attributable to owners of the parent decreased 58.9%, marking deterioration in profitability from the previous interim period. - FY2025-H1Operating income broadly flat, lower ordinary income and net incomeAnnual report
「Revenue was ¥1,789.8 million, down 1.1% year on year, while gross profit was ¥804 million, up 3.5%. Selling, general and administrative expenses increased ¥264 million to ¥639.7 million due to higher personnel expenses, increased advertising and promotional activity and other factors. Operating income increased ¥5 million to ¥1,607 million, up 0.4% year on year. Ordinary income was ¥1,466 million, down 40.8%, due to foreign exchange losses and a decrease in equity-method investment income following the conversion of Comforce Co., Ltd. into a subsidiary. Interim net income attributable to owners of the parent was ¥1,050 million, down 42.4%.」
Revenue decreased 1.1%, gross profit increased 3.5% and operating income was broadly flat, up 0.4%. However, ordinary income decreased 40.8% and interim net income attributable to owners of the parent decreased 42.4% due to foreign exchange losses and lower equity-method investment income following the acquisition of Comforce as a subsidiary. - FY2024-Q3MitigatedAnnual report
「Revenue was ¥2,757.8 million, up 9.8% year on year, and gross profit was ¥1,208.1 million, up 16.2%. Selling, general and administrative expenses increased ¥809 million to ¥922.7 million due to higher personnel expenses, increased advertising and promotional activity, goodwill amortization and other factors. However, higher revenue resulted in operating income of ¥2,854 million, up 44.0%. Due to the recognition of ¥308 million in foreign exchange gains, ordinary income was ¥3,507 million, up 51.1%, and net income attributable to owners of the parent was ¥2,577 million, up 49.0%.」
Higher revenue resulted in increases in operating income, ordinary income and net income attributable to owners of the parent. Improvement from the trend of lower profit despite higher revenue seen in FY2022 has continued. - FY2024-Q2MitigatedAnnual report
「Higher revenue resulted in operating income of ¥1,601 million, up 88.3% year on year. Due to the recognition of ¥589 million in foreign exchange gains, ordinary income increased 56.6% to ¥2,478 million, and net income attributable to owners of the parent increased 52.2% to ¥1,822 million.」
In addition to a 10.7% increase in revenue, operating income, ordinary income and net income attributable to owners of the parent all increased. Improvement has continued from the full-year FY2022 period, when profit declined despite higher revenue. - FY2024-Q1MitigatedAnnual report
「Higher revenue resulted in operating income of ¥883 million, up 356.5% year on year. Due to the recognition of ¥406 million in foreign exchange gains, ordinary income increased 114.7% to ¥1,510 million, and net income attributable to owners of the parent increased 106.9% to ¥1,137 million.」
With revenue up 7.7% year on year, operating income, ordinary income and net income attributable to owners of the parent all increased. The trend of lower profit despite higher revenue seen in FY2022 eased during the quarter. - FY2023MitigatedAnnual report
「Operating income was ¥2,850 million, up 169.3% year on year, ordinary income was ¥3,262 million, up 107.2%, and net income attributable to owners of the parent was ¥2,574 million, up 135.4%.」
Compared with the decline in profit despite higher revenue seen in FY2022, FY2023 revenue increased 20.9%, operating income 169.3%, ordinary income 107.2% and net income 135.4%, with improvement at every profit level. - FY2023-Q3MitigatedAnnual report
「As a result, revenue, helped by the yen's depreciation against the assumed exchange rate, reached a record high for the first nine months of a fiscal year at ¥2,510.8 million, up 22.1% year on year. Gross profit was ¥1,039.9 million, up 20.3%. Selling, general and administrative expenses increased ¥778 million to ¥841.7 million. Operating income increased 96.6% to ¥1,981 million, ordinary income increased 81.9% to ¥2,321 million, and net income attributable to owners of the parent increased 123.9% to ¥1,729 million.」
Revenue, operating income, ordinary income and net income attributable to owners of the parent all increased year on year. Compared with the deterioration in profit despite higher revenue in the previous fiscal year, operating income increased 96.6%, ordinary income 81.9% and net income 123.9%. - FY2023-Q2MitigatedAnnual report
「As a result, revenue, helped by the yen's depreciation against the assumed exchange rate, reached a record high for an interim period at ¥1,635.6 million, up 17.9% year on year. Gross profit was ¥648.1 million, up 9.7%. Selling, general and administrative expenses increased ¥503 million to ¥563.1 million, while operating income increased 8.6% to ¥850 million. Due to the recognition of ¥591 million in foreign exchange gains, ordinary income increased 81.6% to ¥1,582 million, and net income attributable to owners of the parent increased 98.0% to ¥1,197 million.」
Revenue increased 17.9%, operating income 8.6%, ordinary income 81.6% and net income attributable to owners of the parent 98.0% year on year, improving from the decline in profit despite higher revenue seen in FY2022. - FY2023-Q1Higher revenue, lower operating income, ordinary income broadly flatAnnual report
「As a result, revenue was ¥803.5 million, up 9.3% year on year, while gross profit was ¥297.6 million, down 7.0%. Selling, general and administrative expenses increased ¥221 million to ¥278.2 million, and operating income decreased 69.8% to ¥193 million. However, ordinary income increased 0.2% to ¥703 million due to the recognition of ¥417 million in foreign exchange gains, and net income attributable to owners of the parent also increased 6.5% to ¥549 million.」
Revenue increased, while gross profit decreased due to higher raw-material prices and other factors, resulting in a 69.8% decline in operating income. Foreign exchange gains kept ordinary income broadly flat, while net income attributable to owners of the parent turned to growth. - FY2022WorsenedAnnual report
「As a result, revenue was ¥2,827.7 million, up 1.2% year on year, while gross profit was ¥1,137.1 million, down 2.6% due to higher prices for electronic components and other raw materials. Selling, general and administrative expenses increased 5.4% to ¥1,031.3 million due to higher R&D expenses, commission fees and other costs. Operating income was ¥1,058 million, down 44.0%, ordinary income was ¥1,574 million, down 30.3%, due in part to foreign exchange gains, and net income attributable to owners of the parent was ¥1,093 million, down 37.0%.」
Revenue increased 1.2%, while operating income decreased 44.0%, ordinary income decreased 30.3% and net income attributable to owners of the parent decreased 37.0% due to higher raw-material prices and selling, general and administrative expenses. Profit declined despite higher revenue for the full year. - FY2022-Q3MitigatedAnnual report
「As a result, revenue was ¥2,057 million, up 8.7% year on year, and gross profit was ¥864.7 million, up 9.5%. Selling, general and administrative expenses increased ¥212 million to ¥763.9 million. However, higher revenue resulted in operating income of ¥1,008 million, up 114.7%, ordinary income of ¥1,276 million, up 134.3%, and net income attributable to owners of the parent of ¥772 million, up 196.4%.」
Revenue, operating income, ordinary income and net income attributable to owners of the parent all increased year on year. Operating income was ¥1,008 million, ordinary income was ¥1,276 million and net income was ¥772 million, marking continued improvement from the previous year's declines and losses. - FY2022-Q2MitigatedAnnual report
「As a result, revenue was ¥1,387.2 million, up 20.3% year on year, and gross profit was ¥591.1 million, up 25.4%. Selling, general and administrative expenses increased ¥133 million to ¥512.8 million. However, higher revenue resulted in operating income of ¥782 million, compared with an operating loss of ¥279 million in the same period of the previous year; ordinary income of ¥871 million, compared with an ordinary loss of ¥225 million; and net income attributable to owners of the parent of ¥605 million, compared with a quarterly net loss attributable to owners of the parent of ¥235 million.」
Operating income, ordinary income and net income all turned positive, compared with operating loss, ordinary loss and net loss in the same period of the previous year. Revenue also increased 20.3% year on year, easing the trend of profit deterioration despite higher revenue. - FY2022-Q1MitigatedAnnual report
「As a result, revenue was ¥735 million, up 44.3% year on year, and gross profit was ¥320.1 million, up 54.1%. Selling, general and administrative expenses increased ¥42 million to ¥256 million. However, higher revenue resulted in operating income of ¥640 million, compared with an operating loss of ¥440 million in the same period of the previous year; ordinary income of ¥701 million, compared with an ordinary loss of ¥386 million; and net income attributable to owners of the parent of ¥516 million, compared with a quarterly net loss attributable to owners of the parent of ¥353 million.」
Operating income, ordinary income and net income all turned positive, compared with operating loss, ordinary loss and net loss in the same period of the previous year. Revenue increased 44.3% and operating income was ¥640 million. - FY2021WorsenedAnnual report
「As a result, revenue was ¥2,794.1 million, down 8.5% year on year, and gross profit was ¥1,167.2 million, down 8.2%. Selling, general and administrative expenses decreased ¥637 million to ¥978.2 million due to cost reductions. However, lower revenue resulted in operating income of ¥1,889 million, down 17.9%, ordinary income of ¥2,259 million, down 11.1%, and net income attributable to owners of the parent of ¥1,736 million, down 10.0%.」
For the full year, revenue, operating income, ordinary income and net income attributable to owners of the parent all decreased year on year. Selling, general and administrative expenses declined due to cost reductions, but this did not offset the impact of lower revenue. - FY2021-Q3Cumulative profits maintained in positive territory despite continued revenue and profit declinesAnnual report
「As a result, revenue was ¥1,892.4 million, down 9.0% year on year, and gross profit was ¥789.7 million, down 9.5%. Selling, general and administrative expenses decreased ¥471 million to ¥742.7 million due to cost reductions. Operating income was ¥469 million, down 43.1%, ordinary income was ¥544 million, down 36.3%, and net income attributable to owners of the parent was ¥260 million, down 54.1%.」
Revenue, operating income, ordinary income and net income all decreased year on year. However, operating income improved from a cumulative operating loss at the end of the second quarter to ¥469 million in the first nine months, maintaining positive cumulative profits. - FY2021-Q2WorsenedAnnual report
「Although the results exceeded the figures announced in June, revenue was ¥1,152.9 million, down 19.3% year on year, and gross profit was ¥471.5 million, down 20.8%, partly due to the impact of foreign exchange rates.」
Revenue and gross profit decreased, resulting in an operating loss of ¥279 million, an ordinary loss of ¥225 million and a quarterly net loss attributable to owners of the parent of ¥235 million. Each profit level turned from profit in the same period of the previous year to loss. - FY2021-Q1WorsenedAnnual report
「As a result, revenue for the first three months of the fiscal year was ¥509.4 million, down 27.2% year on year.」
Revenue decreased 27.2% year on year, and operating income turned from income of ¥424 million in the same period of the previous year to an operating loss of ¥440 million. Ordinary income also became a loss of ¥386 million. - FY2020WorsenedAnnual report
「Revenue had been tracking the plan through the end of the third quarter, supported by the effect of new amateur-radio communications equipment and growth in IP radio. However, the impact of COVID-19 in the fourth quarter led to weaker demand, including the postponement of large-scale events, and disruptions in overseas supply chains. As a result, revenue was ¥3,053.3 million, down ¥96.6 million, or 3.1%, from the plan. Operating income was ¥2,300 million, down ¥829 million, or 26.5%, from the plan due to the revenue shortfall.」
Although revenue increased for the full year, it was 3.1% below plan and operating income was 26.5% below plan. Operating income also turned to a 5.8% year-on-year decline. Weaker demand and supply delays caused by COVID-19 were reflected in full-year performance. - FY2020-Q3Higher operating income, lower ordinary income and net incomeAnnual report
「As a result, revenue for the first nine months of the fiscal year was ¥2,079 million, up 10.0% year on year, and gross profit was ¥872.3 million, up 4.9%. Selling, general and administrative expenses increased ¥357 million year on year to ¥789.9 million due to higher personnel expenses, R&D expenses and other costs. However, operating income increased 6.0% to ¥824 million as the growth in gross profit exceeded the increase in expenses. Despite ¥87 million in foreign exchange losses and other items, ordinary income was ¥854 million, down 15.7%, and net income attributable to owners of the parent was ¥568 million, down 20.0%.」
Revenue and operating income increased, while ordinary income decreased 15.7% and net income attributable to owners of the parent decreased 20.0% due to foreign exchange losses and other factors. The divergence between operating income and ordinary income and net income continues. - FY2020-Q2Higher operating income and ordinary income, lower net incomeAnnual report
「As a result, revenue for the first six months of the fiscal year was ¥1,428.6 million, up 13.0% year on year, and gross profit was ¥595 million, up 7.4%. Selling, general and administrative expenses increased ¥170 million year on year to ¥523.7 million due to higher personnel expenses, R&D expenses and other costs. However, operating income increased 51.0% to ¥713 million as the growth in gross profit exceeded the increase in expenses. Ordinary income was ¥605 million, up 1.1%, despite foreign exchange losses and other factors, while net income attributable to owners of the parent was ¥393 million, down 8.3% due to a higher tax burden.」
Revenue, operating income and ordinary income increased, while net income attributable to owners of the parent decreased 8.3% year on year due to the higher tax burden. The pattern has continued to shift from broad-based declines, including at the operating level, to improved operating and ordinary income with only net income declining. - FY2020-Q1Higher operating income, lower ordinary incomeAnnual report
「As a result, revenue for the first three months of the fiscal year was ¥699.6 million, up 17.0% year on year, and gross profit was ¥305.8 million, up 12.6%. Selling, general and administrative expenses increased ¥168 million year on year to ¥263.4 million due to higher personnel expenses, R&D expenses and other costs. However, operating income increased 69.4% to ¥424 million as the growth in gross profit exceeded the increase in expenses. Ordinary income was ¥341 million, down 1.4% year on year, due in part to the recognition of foreign exchange losses, while net income attributable to owners of the parent was ¥229 million, down 7.6%.」
Operating income increased 69.4% year on year due to higher revenue and an improved gross margin, while ordinary income decreased 1.4% and net income attributable to owners of the parent decreased 7.6% due to foreign exchange losses and other factors. The previous trend of declines across operating performance has shifted to a pattern of improved operating income but lower ordinary income and net income. - FY2019MitigatedAnnual report
「Revenue was ¥2,970 million, up 19.4% year on year, and gross profit was ¥1,278.4 million, up 21.6%. Selling, general and administrative expenses increased ¥617 million year on year to ¥1,034.1 million due to higher personnel expenses, R&D expenses and other costs. However, operating income increased 208.8% to ¥2,443 million as the growth in gross profit exceeded the increase in expenses.」
Operating income increased from ¥791 million in the previous fiscal year to ¥2,443 million, and revenue, operating income, ordinary income and net income attributable to owners of the parent all improved significantly. - FY2019-Q3MitigatedAnnual report
「As a result, revenue for the first nine months of the fiscal year was ¥1,890.5 million, up 12.3% year on year, and gross profit was ¥831.9 million, up 16.6%. Higher revenue and an improved gross margin resulted in operating income of ¥778 million, compared with an operating loss of ¥148 million in the same period of the previous year. Ordinary income was ¥1,014 million, up 825.1% year on year, due in part to the recognition of foreign exchange gains. Net income attributable to owners of the parent was ¥710 million, compared with a quarterly net loss attributable to owners of the parent of ¥39 million.」
Revenue increased 12.3% year on year, and operating income, ordinary income and net income attributable to owners of the parent all turned positive, compared with lower revenue, operating loss and quarterly net loss attributable to owners of the parent in the same period of the previous year. - FY2019-Q2MitigatedAnnual report
「As a result, revenue for the first six months of the fiscal year was ¥1,264.6 million, up 17.3% year on year, and gross profit was ¥553.9 million, up 23.0%. The effects of higher revenue and an improved gross margin resulted in operating income of ¥472 million, compared with an operating loss of ¥327 million in the same period of the previous year. Ordinary income was ¥599 million, compared with an ordinary loss of ¥130 million, due in part to increased foreign exchange gains. Net income attributable to owners of the parent was ¥429 million, compared with a quarterly net loss of ¥72 million.」
Revenue increased 17.3% year on year, and operating income, ordinary income and net income attributable to owners of the parent all turned positive, compared with lower revenue, operating loss, ordinary loss and net loss in the same period of the previous year. - FY2019-Q1MitigatedAnnual report
「As a result, revenue for the first three months of the fiscal year was ¥598 million, up 21.3% year on year, and gross profit was ¥271.6 million, up 30.8%. Higher revenue and an improved gross margin resulted in operating income of ¥250 million, compared with an operating loss of ¥305 million in the same period of the previous year. Ordinary income was ¥345 million, compared with an ordinary loss of ¥210 million, due in part to foreign exchange gains. Net income attributable to owners of the parent was ¥248 million, compared with a net loss attributable to owners of the parent of ¥95 million.」
Revenue increased and each profit level turned positive, compared with lower revenue, operating loss, ordinary loss and net loss in the same period of the previous year. - FY2018-Q3WorsenedAnnual report
「As a result, consolidated revenue for the first nine months of the fiscal year was ¥1,683.6 million, up 0.3% year on year. Due mainly to higher selling, general and administrative expenses, including personnel expenses and R&D expenses, the company recorded an operating loss of ¥148 million, compared with operating income of ¥92 million in the same period of the previous year. Ordinary income was ¥107 million, up 33.3% year on year, due in part to the recognition of foreign exchange gains.」
Revenue increased 0.3% year on year and ordinary income increased 33.3%, while operating income turned from income of ¥92 million in the same period of the previous year to a loss of ¥148 million. The decline in operating income and the shift to an operating loss continue. - FY2018-Q2WorsenedAnnual report
「Consolidated revenue for the first six months of the fiscal year was ¥1,078.4 million, down 8.8% year on year. Profit was affected by lower revenue and higher selling, general and administrative expenses, resulting in an operating loss of ¥327 million, compared with operating income of ¥298 million in the same period of the previous year, a deterioration of ¥625 million year on year.」
Revenue decreased 8.8%, and operating income turned from profit in the same period of the previous year to an operating loss of ¥327 million. Ordinary loss and net loss attributable to owners of the parent improved year on year, but performance deteriorated at the operating level. - FY2018-Q1WorsenedAnnual report
「As a result, consolidated revenue for the first three months of the fiscal year was ¥493.1 million, down ¥107.8 million, or 17.9%, year on year. As a result, operating income was a loss of ¥305 million, down ¥516 million from the same period of the previous year.」
Revenue decreased 17.9%, and operating income turned from income of ¥210 million in the same period of the previous year to a loss of ¥305 million. Meanwhile, ordinary loss and net loss attributable to owners of the parent improved year on year due to foreign exchange gains. - FY2017WorsenedAnnual report
「As a result, consolidated revenue for the fiscal year was ¥2,409.2 million, down ¥278.2 million, or 10.4%, from the previous fiscal year. Operating income was ¥732 million, down ¥1,635 million, or 69.1%. Ordinary income was ¥724 million, down ¥1,627 million, or 69.2%. Net income attributable to owners of the parent was ¥473 million, down ¥1,186 million, or 71.5%.」
The deterioration in performance seen on a cumulative quarterly basis was confirmed for the full year. Revenue turned lower, and operating income, ordinary income and net income attributable to owners of the parent all declined significantly. - FY2017-Q3WorsenedAnnual report
「As a result, consolidated revenue for the first nine months of the fiscal year was ¥1,678.7 million, down ¥243.5 million, or 12.7%, year on year. Operating income was ¥92 million, down ¥1,251 million, or 93.1%. Ordinary income was ¥80 million, down ¥1,365 million, or 94.4%, year on year. Net income attributable to owners of the parent also decreased ¥1,119 million year on year to a loss of ¥161 million, due to the impact of tax-effect accounting for unrealized gains, compared with income of ¥957 million in the same period of the previous year.」
Revenue decreased 12.7%, operating income decreased 93.1%, and ordinary income decreased 94.4%, while net income attributable to owners of the parent turned from profit to a loss of ¥161 million. - FY2017-Q2WorsenedAnnual report
「As a result, consolidated revenue for the first six months of the fiscal year was ¥1,182 million, down ¥869 million, or 6.8%, year on year. Operating income was ¥298 million, down ¥528 million, or 63.9%. Ordinary income decreased ¥1,022 million year on year to a loss of ¥183 million due to the recognition of ¥469 million in foreign exchange valuation losses and other items, compared with ordinary income of ¥839 million in the same period of the previous year. Net income attributable to owners of the parent also decreased ¥905 million year on year to a loss of ¥353 million, compared with income of ¥552 million in the same period of the previous year.」
Revenue decreased 6.8% and operating income decreased 63.9%, while ordinary income and net income attributable to owners of the parent turned from profit in the same period of the previous year to loss. - FY2017-Q1WorsenedAnnual report
「Consolidated net sales for the cumulative first-quarter period rose to ¥6,010 million, an increase of ¥51 million, or 0.9%, from the same period of the previous year. However, operating income was strongly affected by yen appreciation and declined by ¥62 million, or 22.8%, to ¥210 million. In addition to the decline in operating income, the company incurred a foreign-exchange loss and other items, resulting in ordinary income declining by ¥639 million from the same period of the previous year to a loss of ¥217 million. Net income attributable to owners of the parent also declined by ¥439 million from the same period of the previous year to a loss of ¥176 million.」
Revenue increased 0.9%, while operating income decreased 22.8%, and ordinary income and net income attributable to owners of the parent turned from profit to loss. - FY2016First statedAnnual report
「Net sales rose to ¥26,874 million, an increase of ¥475 million, or 1.8%, from the same period of the previous year. However, the increase in operating expenses of ¥608 million could not be absorbed, and operating income declined by ¥133 million, or 5.3%, to ¥2,367 million.」
Ordinary income declined 21.2%, while net income attributable to owners of the parent declined 21.5%.