Expansion of the Wiring-Harness Business and Return to Operating Profitability
First written in FY2020-Q1. 9 of 26 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2025: 3 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- 2026-08-07OtherFinancial results
「In wire harnesses, lower sales mainly due to the withdrawal from the wire harness business for Chinese EVs resulted in net sales of ¥5,139 million, down 3.7% year on year. Operating profit, however, increased 179.9% to ¥117 million due mainly to lower losses following the withdrawal from the China business.」
The withdrawal from the China EV business reduced sales, while operating profit increased due to lower losses, causing sales and profit to move in opposite directions. - FY2026Lower Sales but Higher Profit Following Withdrawal from ChinaAnnual report
「In wire harnesses, sales declined due to lower sales following the withdrawal from the China business, resulting in net sales of ¥20,935 million, down 12.5% year on year. Operating profit, however, increased 23.5% to ¥375 million, due mainly to higher sales of wire harnesses for motorcycles and outboard motors in Japan and lower losses following the withdrawal from the China business.」
Although sales declined following the withdrawal from the Chinese business, operating income increased due to lower losses and higher sales of products for motorcycles and outboard motors in Japan. - FY2026-H1WorsenedAnnual report
「In the wire harness business, sales of wire harnesses for Chinese EVs declined, but sales increased to ¥10,510 million, up 0.4% year on year, due to higher sales of wire harnesses for motorcycles and ships in Japan. Operating income was ¥138 million, down 35.7% year on year, due to deteriorating productivity associated with lower sales in Vietnam.」
Sales increased 0.4% due to higher sales of wire harnesses for motorcycles and ships in Japan, while operating income declined 35.7% due to lower sales of products for Chinese EVs and deteriorating productivity in Vietnam. - FY2025-H1WorsenedAnnual report
「In the wire harness business, sales decreased to ¥10,470 million, down 6.9% year on year, mainly due to lower sales of wire harnesses for motorcycles and ships. Operating income was ¥215 million, down 74.2% year on year, due to deteriorating profitability of products for Chinese EV manufacturers.」
In addition to lower sales of wire harnesses for motorcycles and ships, deteriorating profitability of products for Chinese EV manufacturers caused operating income to decline 74.2%. - FY2024Sales down, but profit upAnnual report
「In the wire harness business, sales decreased to ¥24,174 million, down 3.6% year on year, due to lower sales of wire harnesses for four-wheel vehicles and ships, while operating income increased to ¥1,613 million, up 12.5% year on year.」
Wire harness sales fell 3.6% due to lower sales, while operating income increased 12.5%, showing divergent trends in sales and profit. - FY2024-Q3Sales continued to decline, but profit increased as overseas plants stabilisedAnnual report
「In the wire harness business, revenue declined 9.8% year on year to ¥17,749 million due mainly to lower sales of wire harnesses for motorcycles and marine vessels, primarily in overseas markets. However, operating profit increased 5.3% to ¥1,365 million as operations at overseas plants stabilized.」
Although sales to overseas markets continued to decline, operating income increased 5.3% year on year as operations at overseas plants stabilised. - FY2024-Q2Sales down, but operating income upAnnual report
「In the wire harness business, sales decreased to ¥11,248 million, down 14.6% year on year, mainly due to lower sales of wire harnesses for four-wheel vehicles, while operating income increased to ¥833 million, up 6.2% year on year.」
Sales fell 14.6% due to lower sales of wire harnesses for four-wheel vehicles, while operating income increased 6.2%. - FY2024-Q1Sales down, but profit up on price pass-throughAnnual report
「In the wire harness business, sales decreased to ¥5,692 million, down 8.0% year on year, mainly due to lower sales of harnesses for four-wheel vehicles in China. However, operating income increased to ¥550 million, up 87.3% year on year, as the pass-through of higher production costs caused by COVID-19 progressed.」
Sales of harnesses for four-wheel vehicles in China fell 8.0%, while operating income increased 87.3% due to the pass-through of higher production costs. - FY2023-Q3AdvancedAnnual report
「In the wire harness business, sales were ¥19,687 million, up 37.5% year on year, and operating income was ¥1,296 million, compared with an operating loss of ¥647 million in the same period of the previous year, mainly due to increased sales of wire harnesses for four-wheel vehicles, particularly in overseas markets.」
Increased sales of wire harnesses for four-wheel vehicles, primarily in overseas markets, drove sales up 37.5%, and operating results turned from a ¥647 million loss in the same period of the previous year to profit of ¥1,296 million. - FY2023-Q2AdvancedAnnual report
「In the wire harness business, sales were ¥13,168 million, up 57.7% year on year, and operating income was ¥785 million, compared with an operating loss of ¥106 million in the same period of the previous year, mainly due to increased sales of wire harnesses for four-wheel vehicles.」
Increased sales of wire harnesses for four-wheel vehicles drove sales up 57.7%, and operating results turned from an operating loss in the same period of the previous year to operating income of ¥785 million. - FY2023-Q1AdvancedAnnual report
「In the wire harness business, sales were ¥6,184 million, up 33.2% year on year, and operating income was ¥294 million, up 46.9% year on year, due to growing demand for four-wheel vehicles in Japan and China and for ships and other products in North America.」
Growing demand for four-wheel vehicles in Japan and China and for ships and other products in North America drove sales up 33.2% and operating income up 46.9%, indicating progress in expanding sales and improving profitability. - FY2022WorsenedAnnual report
「In the wire harness business, revenue increased 49.2% year on year to ¥21,658 million due to higher sales of wire harnesses for four-wheeled vehicles and marine vessels. However, operating loss was ¥344 million, compared with operating profit of ¥380 million in the previous fiscal year, as expenses increased because replacement production was carried out in India, Japan and elsewhere to compensate for reduced production at the Vietnam plant.」
Sales increased 49.2%, but the business swung from operating income to an operating loss of ¥344 million due to alternative production costs at the Vietnam plant. - FY2022-Q3WorsenedAnnual report
「In the wire harness business, sales increased to ¥14,317 million, up 52.1% year on year, due to higher sales of wire harnesses for four-wheel vehicles and other products. However, the business recorded an operating loss of ¥647 million, compared with an operating loss of ¥20 million in the same period of the previous year, due to substantial alternative production costs.」
Sales increased 52.1% due to higher sales of wire harnesses for four-wheel vehicles and other products, but the operating loss widened from ¥20 million to ¥647 million due to substantial alternative production costs. - FY2022-Q2MitigatedAnnual report
「In the wire harness business, sales increased to ¥8,349 million, up 56.7% year on year, due to higher sales of wire harnesses for motorcycles and ships in Japan. However, the business posted an operating loss of ¥106 million, compared with an operating loss of ¥244 million in the same period of the previous year, as costs for catch-up production at the Vietnam plant increased due to the lockdown.」
Sales increased 56.7% due to higher sales, and the operating loss narrowed from ¥244 million in the same period of the previous year to ¥106 million, but the Vietnam plant lockdown resulted in a continuing operating deficit. - FY2022-Q1MitigatedAnnual report
「In the wire harness business, sales were ¥4,641 million, up 122.1% year on year, and operating income was ¥200 million, compared with an operating loss of ¥220 million in the same period of the previous year, as sales recovered from the decline in four-wheel and motorcycle markets in Japan and Vietnam caused by the impact of COVID-19.」
The wire harness business recovered from lower sales in the Japanese and Vietnamese markets, with sales increasing 122.1% and operating results turning from an operating loss in the same period of the previous year to operating income of ¥200 million. - FY2021WorsenedAnnual report
「In the wire harness business, sales were ¥14,512 million, down 4.7% year on year, and operating income was ¥380 million, down 39.6% year on year, mainly due to lower sales of wire harnesses for motorcycles.」
The wire harness business saw full-year sales decline 4.7% and operating income decline 39.6% due to lower sales of motorcycle products, reversing the improvement in profitability seen in the previous fiscal year. - FY2021-Q3Loss narrowed significantly, but the same period of the previous year was profitableAnnual report
「In the wire harness business, sales were ¥9,414 million, down 17.0% year on year, and an operating loss of ¥20 million was recorded, compared with operating income of ¥449 million in the same period of the previous year, due to lower sales of wire harnesses for motorcycles and other products.」
Wire harness sales fell 17.0% year on year, resulting in an operating loss of ¥20 million versus operating income of ¥449 million in the same period of the previous year. However, the loss narrowed from the ¥244 million operating loss recorded through the previous quarter. - FY2021-Q2WorsenedAnnual report
「In the wire harness business, a decline in sales of wire harnesses for two-wheel vehicles and outboard motors in the Japanese and Vietnamese markets due to the impact of COVID-19 resulted in net sales of ¥5,329 million, down 26.3% year on year, and an operating loss of ¥244 million, compared with operating income of ¥284 million in the same period of the previous year.」
Due to lower sales in the Japanese and Vietnamese markets, wire harness sales fell 26.3%, and the business swung from operating income of ¥284 million to an operating loss of ¥244 million. - FY2021-Q1WorsenedAnnual report
「In the wire harness business, a decline in sales caused by weak demand in the four-wheel and two-wheel vehicle markets in Japan and Vietnam due to the impact of COVID-19 resulted in net sales of ¥2,089 million, down 41.0% year on year, and an operating loss of ¥220 million, compared with operating income of ¥167 million in the same period of the previous year.」
Sales fell 41.0% due to weak demand, and the business swung from operating income of ¥167 million in the same period of the previous year to an operating loss of ¥220 million. The trend of expanding wire harness sales and turning operating profitable has deteriorated. - FY2020AdvancedAnnual report
「In the wire harness business, revenue was ¥15,220 million, up 0.9% year on year, and operating profit was ¥630 million, up 45.3%, due to higher overseas sales of wire harnesses for motorcycles and improved productivity following the reorganization of production bases.」
The wire harness business recorded full-year operating income of ¥630 million, up 45.3% year on year, against a backdrop of increased sales and the reorganisation of production sites. - FY2020-Q3AdvancedAnnual report
「In the wire harness business, sales were ¥11,340 million, up 1.8% year on year, and operating income was ¥449 million, up 94.0% year on year, mainly due to increased sales of wire harnesses for motorcycles and other products.」
Increased sales of wire harnesses for motorcycles and other products drove sales up 1.8% and operating income up 94.0%, indicating continued improvement in the wire harness business's profitability. - FY2020-Q2AdvancedAnnual report
「In the wire harness business, sales were ¥7,232 million, up 2.8% year on year, and operating income was ¥284 million, up 668.9% year on year, mainly due to increased sales of wire harnesses for ships and improved productivity at overseas subsidiaries.」
Sales growth and improved productivity at overseas subsidiaries continued in the wire harness business, resulting in cumulative operating income of ¥284 million, up 668.9% year on year. - FY2020-Q1First statedAnnual report
「In the wire harness business, sales of ¥3,541 million, up 1.2% year on year, and operating income of ¥167 million, compared with an operating loss of ¥15 million in the same period of the previous year, were recorded, mainly due to increased sales of wire harnesses for ships and improved productivity at overseas subsidiaries.」
The newly separately reported wire harness business turned from an operating loss in the same period of the previous year to operating income of ¥167 million, driven by increased sales of products for ships and improved productivity at overseas subsidiaries.