Track record of higher net sales, higher operating income and improved operating margin
First written in FY2016. 22 of 39 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-10.
- 2026-08-10AdvancedRevisions to earnings forecasts
「売上高、各段階利益とも、当社グループ創業以来の過去最高を更新しております。」
第1四半期の売上高、営業利益、経常利益、親会社株主に帰属する四半期純利益が、創業以来の過去最高となった実績を記載している。 - FY2026AdvancedAnnual report
「As a result of implementing these measures, revenue for the fiscal year was ¥30,087,881 thousand, up 50.6% from the previous fiscal year. In terms of earnings, the cost ratio improved significantly as エムジー株式会社, consolidated as a subsidiary in October 2024, contributed to earnings for the full year and sales of relatively high-value-added products increased. Operating profit was ¥7,733,176 thousand, up 174.5% from the previous fiscal year.」
Revenue was ¥30,087,881 thousand and operating profit was ¥7,733,176 thousand, both record highs. Revenue increased 50.6% and operating profit increased 174.5%. - FY2026-H1AdvancedAnnual report
「As a result, revenue for the interim consolidated accounting period was ¥12,133,074 thousand, up 33.9% year on year, a record high for an interim period. Operating profit was ¥2,756,462 thousand, up 167.6% year on year, also a record high for an interim period, due in part to the consolidation of エムジー株式会社 as a subsidiary in October last year and increased sales of relatively profitable products.」
Interim revenue was ¥12,133,074 thousand and operating profit was ¥2,756,462 thousand, both record highs for an interim period. Revenue was up 33.9% year on year and operating profit was up 167.6%. - FY2025AdvancedAnnual report
「Revenue for the fiscal year was ¥19,982,809 thousand, up 26.6% from the previous fiscal year, a record high for the Group. In terms of earnings, although some costs, including materials and labor costs, increased, the cost ratio improved significantly due to increased sales of high-value-added products. Operating profit was ¥2,817,252 thousand, up 167.7% from the previous fiscal year, achieving the operating profit target of ¥2.5 billion for the fiscal year ending March 2027 set in the Medium-Term Management Plan Master Plan 2022, two years ahead of schedule.」
Recorded record-high revenue of ¥19,982,809 thousand and operating profit of ¥2,817,252 thousand, achieving the ¥2.5 billion operating profit target two years ahead of schedule. - FY2025-H1AdvancedAnnual report
「As a result, revenue for the interim consolidated accounting period was ¥9,062,766 thousand, up 15.2% from the same interim period of the previous year, a record high for an interim period. Operating profit was ¥1,030,194 thousand, up 219.1% year on year, due in part to increased sales of relatively profitable products. Ordinary profit was ¥1,046,199 thousand, up 120.8% year on year, as non-operating income, including rental income from investment property, was recorded. Interim net income attributable to owners of the parent was ¥772,375 thousand, up 155.9% year on year.」
Interim revenue reached a record high, with revenue up 15.2%, operating profit up 219.1%, ordinary profit up 120.8%, and interim net income attributable to owners of the parent up 155.9%. - FY2024Full-year decline in revenue and profit confirmedAnnual report
「As a result of implementing these measures, revenue for the fiscal year was ¥15,785,742 thousand, down 3.1% from the previous fiscal year. In terms of earnings, the cost ratio increased because sales of high-value-added products declined and fixed costs could not be absorbed due to the decrease in revenue. Despite efforts to reduce selling, general and administrative expenses, operating profit was ¥1,052,374 thousand, down 24.3% from the previous fiscal year.」
For the full year, revenue decreased 3.1% and operating profit decreased 24.3%, confirming another year of declining revenue and profit following the previous fiscal year. Ordinary profit decreased 21.0%, and net income attributable to owners of the parent decreased 29.7%. - FY2024-Q3Revenue and profit continued to decline in the third quarterAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥11,845,885 thousand, down 8.2% year on year. In terms of earnings, the cost ratio increased because sales of high-value-added products declined and fixed costs could not be absorbed due to the decrease in revenue. Despite efforts to reduce selling, general and administrative expenses, operating profit was ¥642,989 thousand, down 44.2% year on year. Ordinary profit was ¥791,532 thousand, down 40.6% year on year, as non-operating income, including foreign exchange gains and rental income from investment property, was recorded. Net income attributable to owners of the parent was ¥397,487 thousand, down 57.8% year on year, as business restructuring losses, including retirement payments associated with workforce reductions at a subsidiary in Dalian, China, were recorded as extraordinary losses.」
Revenue and profit continued to decline for the cumulative third-quarter period, with revenue down 8.2%, operating profit down 44.2%, ordinary profit down 40.6%, and net income attributable to owners of the parent down 57.8%. - FY2024-Q2Second-quarter revenue and profit declineAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥7,864.504 million, down 8.4% from the same quarter of the previous year. In terms of earnings, sales of high-value-added products declined and the company was unable to absorb fixed costs because of the decline in revenue, causing the cost ratio to rise. Despite efforts to reduce selling, general and administrative expenses, operating profit was ¥322.824 million, down 54.5%.」
For the cumulative second-quarter period, revenue decreased 8.4% and operating profit decreased 54.5%, while ordinary profit decreased 45.5% and net income attributable to owners of the parent decreased 53.6%. - FY2024-Q1Sharp decline in revenue and profits in the first quarterAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥3,583.230 million, down 9.0% from the same quarter of the previous year. Operating profit was ¥22.116 million, down 90.3% as revenue declined. Ordinary profit was ¥111.812 million, down 65.0%, due to the recognition of non-operating income including foreign exchange gains and rental income from investment property. Profit attributable to owners of the parent was ¥31.757 million, down 86.2%.」
Revenue declined 9.0% year on year, while operating profit declined 90.3%, ordinary profit 65.0% and profit attributable to owners of the parent 86.2%. - FY2023Record revenue updated, shift to lower earningsAnnual report
「As a result of these initiatives, revenue for the consolidated fiscal year was ¥16,282.975 million, up 0.6% from the previous consolidated fiscal year, narrowly exceeding the record revenue set in the previous consolidated fiscal year. In terms of earnings, travel and transportation expenses and advertising expenses increased as the company strategically increased its participation in trade shows and domestic and overseas business travel, while electricity costs, packing expenses and freight charges also increased. Operating profit was ¥1,390.860 million, down 8.8%, ordinary profit was ¥1,606.788 million, down 2.1%, and profit attributable to owners of the parent was ¥1,082.326 million, down 5.9%.」
Revenue reached a record ¥16,282.975 million, while operating profit, ordinary profit and profit attributable to owners of the parent declined. - FY2023-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥12,905.767 million, up 10.4% from the same quarter of the previous year, setting a record high for cumulative third-quarter revenue since the company's founding. Operating profit was ¥1,151.687 million, up 6.1% as revenue increased. Ordinary profit was ¥1,331.842 million, up 15.6%, due to the recognition of non-operating income including foreign exchange gains and rental income from investment property, and profit attributable to owners of the parent was ¥941.008 million, up 23.4%, resulting in revenue and earnings growth from the same quarter of the previous year.」
Cumulative third-quarter revenue reached a record high since the company's founding, increasing 10.4%; operating profit increased 6.1%, ordinary profit 15.6% and profit attributable to owners of the parent 23.4%. - FY2023-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥8,581.611 million, up 12.9% from the same quarter of the previous year, setting a record high for cumulative second-quarter revenue since the company's founding. Operating profit was ¥708.787 million, up 9.9% as revenue increased. Ordinary profit was ¥869.413 million, up 31.4%, due to the recognition of non-operating income including foreign exchange gains and rental income from investment property. Profit attributable to owners of the parent was ¥649.800 million, up 52.1%.」
Cumulative second-quarter revenue reached a record high since the company's founding, while revenue, operating profit, ordinary profit and profit attributable to owners of the parent exceeded the previous year's levels. - FY2023-Q1AdvancedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥3,936.467 million, up 10.1% from the same quarter of the previous year. Operating profit was ¥227.894 million, up 17.7% as revenue increased. Ordinary profit was ¥319.625 million, up 60.9%, due to the recognition of non-operating income including foreign exchange gains and rental income from investment property. Profit attributable to owners of the parent was ¥229.474 million, up 133.1%.」
In the first quarter, revenue increased 10.1%, operating profit 17.7%, ordinary profit 60.9% and profit attributable to owners of the parent 133.1%, representing further revenue and earnings growth from the previous year. - FY2022AdvancedAnnual report
「As a result of these initiatives, revenue for the consolidated fiscal year was ¥16,188.796 million, the highest since the company's founding. Operating profit was ¥1,524.792 million, ordinary profit was ¥1,641.303 million, and profit attributable to owners of the parent was ¥1,150.022 million.」
Revenue reached a record high since the company's founding at ¥16,188.796 million, with operating profit of ¥1,524.792 million, ordinary profit of ¥1,641.303 million and profit attributable to owners of the parent of ¥1,150.022 million. On a simple comparison with the previous fiscal year, both revenue and earnings increased. - FY2022-Q3AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29) and other standards have been applied from the first quarter of the current consolidated fiscal year, so no comparison with the same quarter of the previous year has been made. However, a simple comparison of actual results shows that revenue increased by ¥1,085.480 million, or 10.2%, from the same quarter of the previous year. Operating profit increased by ¥216.365 million, or 24.9%, ordinary profit increased by ¥209.662 million, or 22.2%, and profit attributable to owners of the parent increased by ¥196.684 million, or 34.8%, resulting in increases in both revenue and earnings from the same quarter of the previous year.」
The company explained that this was not a formal year-on-year comparison because of the adoption of the revenue recognition standard, but that a simple comparison showed increases in revenue, operating profit, ordinary profit and profit attributable to owners of the parent from the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29) and other standards have been applied from the first quarter of the current consolidated fiscal year, so no comparison with the same quarter of the previous year has been made. However, a simple comparison of actual results shows that revenue increased by ¥1,100.577 million, or 16.9%, from the same quarter of the previous year. Operating profit increased by ¥228.092 million, or 54.7%, ordinary profit increased by ¥162.639 million, or 32.6%, and profit attributable to owners of the parent increased by ¥156.103 million, or 57.6%. Revenue and earnings therefore recovered from the same quarter of the previous year, which had deteriorated due to the impact of COVID-19.」
The company explained that it did not make a formal year-on-year comparison because of the adoption of the accounting standard, but that a simple comparison showed increases in revenue, operating profit, ordinary profit and profit attributable to owners of the parent from the same period of the previous year, indicating further recovery. - FY2022-Q1Recovery from the previous yearAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year, so no comparison with the same quarter of the previous year has been made. However, a simple comparison of actual results shows that revenue increased by ¥818.601 million, or 29.7%, from the same quarter of the previous year. Since the same quarter of the previous year recorded an operating loss of ¥32.657 million, operating profit improved by ¥226.343 million. Ordinary profit increased by ¥185.385 million, or 1,402.0%, and profit attributable to owners of the parent increased by ¥97.296 million, or 8,474.3%. Revenue and earnings therefore recovered from the same quarter of the previous year, which had deteriorated significantly due to the impact of COVID-19.」
The company explained that it did not make a formal year-on-year comparison because of the adoption of the revenue recognition standard, but that a simple comparison showed recovery in both revenue and earnings from the same period of the previous year. - FY2021Full-year decline in revenue and profit confirmedAnnual report
「As a result of these initiatives, revenue for the consolidated fiscal year was ¥14,818.029 million, down 5.8% from the previous consolidated fiscal year. Operating profit was ¥1,324.727 million, down 17.9%, ordinary profit was ¥1,431.741 million, down 15.2%, and profit attributable to owners of the parent was ¥983.885 million, down 14.7%.」
Due in part to the impact of COVID-19, revenue shifted from growth in the previous fiscal year to a decline, while operating profit, ordinary profit and profit attributable to owners of the parent also decreased. - FY2021-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥10,607.406 million, down 9.9% from the same quarter of the previous year. Due to the decline in revenue, operating profit was ¥869.136 million, down 33.8%. Ordinary profit was ¥942.366 million, down 30.2%, due to the recognition of non-operating income including subsidies and rental income from investment property. Profit attributable to owners of the parent was ¥565.926 million, down 38.3%.」
Revenue and earnings continued to decline year on year, although operating profit remained positive at ¥869.136 million. - FY2021-Q2Lower earnings while maintaining operating profitabilityAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥6,499.958 million, down 18.1% from the same quarter of the previous year. Due to the decline in revenue, operating profit was ¥416.950 million, down 55.8%. Ordinary profit was ¥498.875 million, down 46.6%, due to the recognition of non-operating income including subsidies and rental income from investment property. Profit attributable to owners of the parent was ¥271.044 million, down 56.5%.」
Revenue declined 18.1% year on year, and operating profit, ordinary profit and profit attributable to owners of the parent all declined, although operating profit remained positive. - FY2021-Q1Quarterly operating lossAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥2,757.715 million, down 32.8% from the same quarter of the previous year. Due to the decline in revenue, the company recorded an operating loss of ¥32.657 million, compared with operating profit of ¥524.253 million in the same quarter of the previous year. Ordinary profit was ¥13.223 million, down 97.4%, due to the recognition of non-operating income including subsidies and rental income from investment property. Profit attributable to owners of the parent was ¥1.148 million, down 99.7%.」
Compared with revenue and earnings growth in the same period of the previous year, revenue declined 32.8% in the current quarter and the company posted an operating loss. Ordinary profit and profit attributable to owners of the parent also declined significantly. - FY2020Full-year operating profit shifts to a declineAnnual report
「Revenue for the consolidated fiscal year was ¥15,729.674 million, up 1.5% from the previous consolidated fiscal year. Operating profit was ¥1,614.147 million, down 0.3%, ordinary profit was ¥1,688.833 million, down 3.8%, and profit attributable to owners of the parent was ¥1,152.840 million, down 6.5%.」
Revenue continued to increase for the full fiscal year, while operating profit, ordinary profit and profit attributable to owners of the parent declined. - FY2020-Q3Shift to higher operating profit and lower ordinary profitAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥11,777.578 million, up 0.5% from the same quarter of the previous year, and operating profit was ¥1,312.918 million, up 2.7%. Ordinary profit declined 3.4% to ¥1,349.420 million and profit attributable to owners of the parent declined 0.9% to ¥916.779 million, due in part to a decline in non-operating income resulting from lower foreign exchange gains.」
Revenue and operating profit increased year on year, while ordinary profit and profit attributable to owners of the parent declined. - FY2020-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥7,936.566 million, up 6.8% from the same quarter of the previous year. Operating profit was ¥944.010 million, up 18.6%, ordinary profit was ¥934.874 million, up 6.9%, and profit attributable to owners of the parent was ¥622.377 million, up 8.9%, resulting in revenue and earnings growth from the same quarter of the previous year.」
In the cumulative second quarter, revenue increased 6.8%, operating profit 18.6%, ordinary profit 6.9% and profit attributable to owners of the parent 8.9%, resulting in revenue and earnings growth from the previous year. - FY2020-Q1AdvancedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥4,101.168 million, up 16.0% from the same quarter of the previous year. In terms of earnings, growth in sales of highly profitable products resulted in operating profit of ¥524.253 million, up 88.9%, ordinary profit of ¥517.842 million, up 77.8%, and profit attributable to owners of the parent of ¥345.091 million, up 126.3%, with all profit categories showing substantial growth from the same quarter of the previous year.」
In the first quarter, revenue increased 16.0%, operating profit 88.9%, ordinary profit 77.8% and profit attributable to owners of the parent 126.3%, representing further revenue and earnings growth from the previous year. - FY2019AdvancedAnnual report
「As a result of these initiatives, revenue for the consolidated fiscal year was ¥15,502.383 million, up 14.4% from the previous consolidated fiscal year, setting a record high since the company's founding. In terms of earnings, growth in sales of highly profitable products resulted in operating profit of ¥1,619.058 million, up 73.9%, and ordinary profit of ¥1,754.742 million, up 66.5%, representing substantial earnings growth. Profit attributable to owners of the parent was ¥1,232.548 million, up 34.8%.」
Revenue reached a record high since the company's founding, increasing 14.4%; operating profit increased 73.9%, ordinary profit 66.5% and profit attributable to owners of the parent 34.8%. - FY2019-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥11,714.674 million, up 15.6% from the same quarter of the previous year. In terms of earnings, growth in sales of highly profitable products resulted in operating profit of ¥1,278.529 million, up 81.9%, and ordinary profit of ¥1,397.059 million, up 66.8%, representing substantial earnings growth. Profit attributable to owners of the parent was ¥925.199 million, up 18.8%.」
In the cumulative third quarter, revenue increased 15.6%, operating profit 81.9%, ordinary profit 66.8% and profit attributable to owners of the parent 18.8%, representing further revenue and earnings growth. - FY2019-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥7,433.723 million, up 10.6% from the same quarter of the previous year. In terms of earnings, growth in sales of highly profitable products resulted in operating profit of ¥796.284 million, up 76.8%, and ordinary profit of ¥874.849 million, up 80.5%, representing substantial earnings growth.」
In the cumulative second quarter, revenue increased 10.6%, operating profit 76.8% and ordinary profit 80.5%, marking further revenue and earnings growth from the previous year. - FY2019-Q1AdvancedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥3,535.716 million, up 7.2% from the same quarter of the previous year. In terms of earnings, sales of highly profitable products grew, resulting in operating profit of ¥277.487 million, up 108.0% and approximately double the previous year's level. Ordinary profit also rose significantly to ¥291.293 million, up 93.1%. Meanwhile, profit attributable to owners of the parent was ¥152.487 million, down 52.9%. The decrease was due to the recognition in the same quarter of the previous year of ¥255.690 million in extraordinary income, a gain on step acquisition associated with the conversion of DATA PIXEL SAS into a subsidiary.」
Revenue increased 7.2%, operating profit increased 108.0% and ordinary profit increased 93.1%, representing improvement from the same period of the previous year at the operating and ordinary profit levels. Profit attributable to owners of the parent declined due to the reversal of extraordinary income recognized in the same period of the previous year. - FY2018-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥10,138.195 million, up 8.7% from the same quarter of the previous year. In terms of earnings, sales of highly profitable products stalled, resulting in operating profit of ¥702.969 million, down 22.2%, and ordinary profit of ¥837.786 million, down 15.8%. Profit attributable to owners of the parent was ¥778.858 million, up 17.5%, due to the recognition as extraordinary income of a gain on step acquisition associated with the conversion of DATA PIXEL SAS into a subsidiary.」
As in the second quarter, revenue increased while operating profit and ordinary profit declined, whereas profit attributable to owners of the parent increased due to a gain on step acquisition of DATA PIXEL SAS shares. - FY2018-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥6,721.590 million, up 7.4% from the same quarter of the previous year. In terms of earnings, sales of highly profitable products stalled, resulting in operating profit of ¥450.366 million, down 31.4%, and ordinary profit of ¥484.755 million, down 27.3%. Profit attributable to owners of the parent was ¥540.994 million, up 27.2%, due to the recognition as extraordinary income of a gain on step acquisition associated with the additional acquisition of shares in DATA PIXEL SAS.」
As in the first quarter, revenue increased while operating profit and ordinary profit declined. The increase in profit attributable to owners of the parent was due to a gain on step acquisition of DATA PIXEL SAS shares. - FY2018-Q1Revenue growth accompanied by a shift to lower operating profitAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥3,297.132 million, up 3.1% from the same quarter of the previous year. In terms of earnings, sales of highly profitable products stalled, resulting in operating profit of ¥133.424 million, down 59.2%, and ordinary profit of ¥150.887 million, down 50.1%. Profit attributable to owners of the parent was ¥323.572 million, up 96.8%, due to the recognition as extraordinary income of a gain on step acquisition associated with the additional acquisition of shares in DATA PIXEL SAS.」
Revenue increased, while operating profit and ordinary profit fell below the same period of the previous year. The increase in profit attributable to owners of the parent was attributed to extraordinary income from a gain on step acquisition of DATA PIXEL SAS shares. - FY2017AdvancedAnnual report
「As a result of these initiatives, revenue for the consolidated fiscal year was ¥12,644.339 million, up 3.8% from the previous consolidated fiscal year. In addition to the increase in revenue, strong sales of highly profitable products contributed to operating profit of ¥1,065.368 million, up 14.5%, ordinary profit of ¥1,164.808 million, up 20.4%, and profit attributable to owners of the parent of ¥800.674 million, up 45.5%, achieving both revenue and earnings growth.」
For the full fiscal year, revenue, operating profit, ordinary profit and profit attributable to owners of the parent exceeded the previous year, achieving both revenue and earnings growth. - FY2017-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥9,327.807 million, up 4.6% from the same quarter of the previous year. Due to the increase in revenue, operating profit was ¥903.690 million, up 38.4%, ordinary profit was ¥994.929 million, up 40.1%, and profit attributable to owners of the parent was ¥662.723 million, up 78.3%.」
Revenue and earnings increased in the cumulative third quarter, with revenue, operating profit, ordinary profit and profit attributable to owners of the parent exceeding the same period of the previous year. - FY2017-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥6,260.354 million, up 6.0% from the same quarter of the previous year. Due to the increase in revenue, operating profit was ¥656.303 million, up 51.4%, ordinary profit was ¥666.814 million, up 44.3%, and profit attributable to owners of the parent was ¥425.294 million, up 68.5%.」
Revenue and earnings increased in the cumulative second quarter, with revenue, operating profit, ordinary profit and profit attributable to owners of the parent exceeding the same period of the previous year. - FY2017-Q1AdvancedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year increased in both the Precision Machinery and Optical Products segments, reaching ¥3,196.538 million, up 16.1% from the same quarter of the previous year. Due to the increase in revenue, operating profit was ¥326.636 million, up 75.3%, ordinary profit was ¥302.397 million, up 49.8%, and profit attributable to owners of the parent was ¥164.436 million, up 52.4%.」
Revenue, operating profit, ordinary profit and profit attributable to owners of the parent increased year on year in the first quarter. - FY2016First statedAnnual report
「As a result of these initiatives, revenue for the consolidated fiscal year was ¥12,182.898 million, up 5.8% from the previous consolidated fiscal year. In terms of earnings, the cost ratio declined as sales of highly profitable products remained strong and the company pursued expense reductions. Operating profit was ¥930.263 million, up 69.5%, ordinary profit was ¥967.258 million, up 50.0%, and profit attributable to owners of the parent was ¥550.287 million, up 81.2%, achieving both revenue and earnings growth.」
The company explained that operating profit increased year on year and that the cost ratio improved by 1.9 percentage points year on year.