Improving profitability, early elimination of accumulated losses and resumption of dividend payments
First written in FY2016. 27 of 41 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-30.
Nippon Avionics moved to the "Worse" side of this theme in 2017, 9 years before the typical company in this theme (2026).
The whole theme swung hardest in 2017: 3 of 15 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- 2026-07-30AdvancedEarnings
「As a result, the consolidated results of the Group for the first quarter of the current fiscal year were net sales of ¥8,304 million, up 64.9% year on year; operating profit of ¥1,727 million, up ¥1,145 million; ordinary profit of ¥1,684 million, up ¥1,120 million; and quarterly net income attributable to owners of the parent of ¥1,148 million, up ¥760 million.」
Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased year on year, demonstrating progress toward improved profitability. - FY2026AdvancedAnnual report
「As a result, consolidated results for the fiscal year were net sales of ¥29,194 million, up 45.1% year on year, operating profit of ¥5,515 million, up ¥2,719 million, ordinary profit of ¥5,358 million, up ¥2,647 million, and profit attributable to owners of the parent of ¥3,820 million, up ¥1,856 million.」
Net sales, operating profit, ordinary profit, and net profit increased significantly, and the disclosure described measurable progress toward improving profitability. - FY2026-H1AdvancedAnnual report
「As a result, consolidated results for the interim consolidated period were net sales of ¥12,703 million, up 39.5% year on year, operating profit of ¥1,977 million, up ¥828 million, ordinary profit of ¥1,902 million, up ¥802 million, and interim net profit attributable to owners of the parent of ¥1,300 million, up ¥565 million.」
Interim net sales increased 39.5% year on year, with operating profit of ¥1,977 million, ordinary profit of ¥1,902 million, and interim net profit of ¥1,300 million. The disclosure described measurable progress toward improving profitability. - FY2025AdvancedAnnual report
「As a result, consolidated results for the fiscal year were orders received of ¥27,438 million, up 25.3% year on year, net sales of ¥20,122 million, up 11.4%, operating profit of ¥2,796 million, up ¥617 million, and ordinary profit of ¥2,711 million, up ¥558 million.」
Orders received and net sales increased, resulting in operating profit of ¥2,796 million and ordinary profit of ¥2,711 million. Operating and ordinary profit increased further from the previous year, representing measurable progress toward improving profitability. - FY2025-H1AdvancedAnnual report
「Under these conditions, our Group worked to improve competitiveness and expand orders and sales by strengthening its R&D capabilities to create new products and solutions, its manufacturing capabilities to improve QCD, and its marketing capabilities to acquire new customers, while promoting stronger quality control through audits based on the three-realities principle (genba, genbutsu, and genjitsu). As a result, consolidated results for the interim consolidated period were net sales of ¥9,106 million, up 5.0% year on year, operating profit of ¥1,148 million, up ¥238 million, and ordinary profit of ¥1,099 million, up ¥203 million.」
The Company strengthened its R&D, manufacturing, and marketing capabilities and advanced quality control, resulting in net sales, operating profit, and ordinary profit exceeding the previous year. Interim net profit attributable to owners of the parent was ¥734 million, below the previous year due to higher tax expenses, but the operating and ordinary levels showed concrete progress toward improving profitability. - FY2024AdvancedAnnual report
「As a result, while steadily strengthening our capabilities, including achieving six consecutive periods of higher profit, we brought forward and completed the strengthening of our management foundation targeted under the current medium-term management plan, including establishing a business foundation, reforming the cost structure, improving financial strength, and changing employee awareness.」
The Company explained that it achieved six consecutive periods of higher profit and strengthened its management foundation ahead of the schedule set in the medium-term management plan. - FY2024-Q3AdvancedAnnual report
「Under these conditions, our Group worked to strengthen competitiveness by enhancing its R&D capabilities to create new products and solutions, its manufacturing capabilities to improve QCD, and its marketing capabilities to acquire new customers, while promoting stronger quality control through audits based on the three-realities principle (genba, genbutsu, and genjitsu). As a result, consolidated results for the period were net sales of ¥13,253 million, up 5.0% year on year, operating profit of ¥1,509 million, up ¥364 million, ordinary profit of ¥1,490 million, up ¥362 million, and quarterly profit attributable to owners of the parent of ¥1,166 million, up ¥201 million, resulting in higher revenue and profit.」
While improving customer value, QCD, marketing capabilities, and quality control through three-realities-principle audits, net sales, operating profit, ordinary profit, and quarterly net profit all exceeded the previous year. - FY2024-Q2AdvancedAnnual report
「Consolidated results for the period were net sales of ¥8,669 million, up 10.3% year on year, operating profit of ¥910 million, up ¥332 million, ordinary profit of ¥896 million, up ¥331 million, and quarterly profit attributable to owners of the parent of ¥744 million, up ¥217 million, resulting in higher revenue and profit.」
Revenue and profit increased for the cumulative second-quarter period, with operating profit of ¥910 million, ordinary profit of ¥896 million, and quarterly profit attributable to owners of the parent of ¥744 million. Each profit item increased from the previous year, demonstrating measurable progress toward improving profitability. - FY2024-Q1AdvancedAnnual report
「As a result, consolidated net sales for the period were ¥3,605 million, up 10.5% year on year, while operating profit was ¥275 million, up ¥243 million, ordinary profit was ¥268 million, up ¥242 million, and quarterly profit attributable to owners of the parent was ¥128 million, up ¥191 million, resulting in higher revenue and profit.」
Revenue and profit increased in the first quarter, with operating profit of ¥275 million, ordinary profit of ¥268 million, and quarterly net profit of ¥128 million. Compared with operating profit of ¥32 million, ordinary profit of ¥26 million, and a net loss of ¥63 million in the previous year, this represented measurable progress toward improving profitability. - FY2023AdvancedAnnual report
「As a result, consolidated net sales for the year were ¥17,754 million, down 7.7% year on year, while operating profit was ¥1,951 million, up ¥100 million, ordinary profit was ¥1,925 million, up ¥119 million, and profit attributable to owners of the parent was ¥1,820 million, up ¥195 million. Operating profit margin, ordinary profit, ordinary profit margin, and profit margin attributable to owners of the parent all reached new highs since listing.」
Although revenue declined, operating profit was ¥1,951 million, ordinary profit was ¥1,925 million, and net profit was ¥1,820 million, with each profit item exceeding the previous year. Operating profit margin and other metrics reached new highs since listing, representing concrete progress toward improving profitability. - FY2023-Q3WorsenedAnnual report
「Consolidated results were net sales of ¥12,624 million, down 11.0% year on year, operating profit of ¥1,145 million, down ¥177 million, ordinary profit of ¥1,127 million, down ¥169 million, and quarterly profit attributable to owners of the parent of ¥965 million, down ¥160 million. Operating profit for the third quarter, October to December, increased by ¥195 million year on year to ¥566 million. Order backlog at the end of the third quarter increased by ¥1,383 million from the end of the second quarter to ¥12,568 million, up 49.2% year on year. Progress is in line with the full-year plan, so the consolidated earnings forecast remains unchanged.」
For the cumulative third-quarter period, net sales, operating profit, ordinary profit, and net profit were below the previous year, and cumulative results against the profitability improvement target deteriorated. Meanwhile, third-quarter operating profit and order backlog increased, and the Company explained that progress was in line with the full-year plan. - FY2023-Q2WorsenedAnnual report
「Consolidated results were net sales of ¥7,862 million, down 18.5% year on year, operating profit of ¥578 million, down ¥372 million, ordinary profit of ¥565 million, down ¥366 million, and quarterly profit attributable to owners of the parent of ¥527 million, down ¥346 million. Although each item declined year on year, profit is progressing in line with the full-year plan.」
Net sales, operating profit, ordinary profit, and quarterly net profit all declined from the same quarter of the previous year. The Company explained that each profit item was progressing in line with the full-year plan. - FY2023-Q1WorsenedAnnual report
「As a result, consolidated net sales declined by ¥1,111 million year on year to ¥3,263 million. Although cost improvements had an effect, operating profit declined by ¥292 million to ¥32 million and ordinary profit declined by ¥289 million to ¥26 million. Quarterly earnings attributable to owners of the parent were a loss of ¥63 million, a decline of ¥242 million, after recording extraordinary income of ¥83 million from the transfer of the former Yamanashi Avionics Co., Ltd. site and income taxes and other taxes of ¥172 million. Results for the cumulative first-quarter consolidated period were in line with the plan.」
Although cost improvements had an effect, net sales, operating profit, and ordinary profit were below the previous year, and quarterly earnings attributable to owners of the parent were a loss of ¥63 million. Earnings for the quarter deteriorated against the profitability improvement target. - FY2022AdvancedAnnual report
「Although consolidated net sales declined by ¥964 million year on year to ¥19,230 million, down 4.8%, cost improvements increased gross profit, resulting in operating profit of ¥1,850 million, an increase of ¥487 million or 35.8%, and ordinary profit of ¥1,805 million, an increase of ¥515 million or 40.0%.」
Although revenue declined, cost improvements increased operating and ordinary profit, demonstrating measurable progress toward improving profitability. However, neither common nor preferred shares paid dividends during the year, and dividend payments had not resumed. - FY2022-Q3AdvancedAnnual report
「Although consolidated net sales declined by ¥287 million year on year to ¥14,180 million, down 2.0%, cost improvements increased gross profit and resulted in operating profit of ¥1,322 million, an increase of ¥541 million or 69.4%, and ordinary profit of ¥1,297 million, an increase of ¥583 million or 81.7%. Quarterly profit attributable to owners of the parent was ¥1,125 million, an increase of ¥497 million or 79.3%, as operating and ordinary profit increased.」
Although revenue declined, cost improvements resulted in operating profit of ¥1,322 million, ordinary profit of ¥1,297 million, and quarterly profit attributable to owners of the parent of ¥1,125 million, with profit increasing from the previous year. The disclosure described measurable progress toward improving profitability. - FY2022-Q2AdvancedAnnual report
「As a result, consolidated net sales increased by ¥505 million year on year to ¥9,648 million, up 5.5%. Although selling, general and administrative expenses increased due to research and development activities and other factors, higher net sales and efforts to improve costs resulted in operating profit of ¥950 million, an increase of ¥608 million or 177.7%, and ordinary profit of ¥932 million, an increase of ¥646 million or 226.6%. Quarterly profit attributable to owners of the parent was ¥873 million, an increase of ¥550 million or 170.2%, as operating and ordinary profit increased.」
In addition to higher revenue, cost improvements progressed, resulting in operating profit of ¥950 million, ordinary profit of ¥932 million, and quarterly profit attributable to owners of the parent of ¥873 million. Measurable progress toward improving profitability continued. - FY2022-Q1AdvancedAnnual report
「As a result, consolidated net sales increased by ¥675 million year on year to ¥4,374 million, up 18.3%. Although selling, general and administrative expenses increased due to research and development activities and other factors, higher net sales and efforts to improve costs resulted in operating profit of ¥325 million, an improvement of ¥366 million, and ordinary profit of ¥315 million, an improvement of ¥400 million. Quarterly profit attributable to owners of the parent was ¥179 million, an improvement of ¥353 million, as operating and ordinary earnings improved, marking a return to profitability.」
Net sales increased 18.3% year on year, resulting in operating profit of ¥325 million, ordinary profit of ¥315 million, and quarterly profit attributable to owners of the parent of ¥179 million. Operating, ordinary, and net earnings all turned from losses in the previous year to profits, representing measurable progress toward improving profitability. - FY2021AdvancedAnnual report
「Significantly exceeding the initial earnings forecast, consolidated net sales increased by ¥3,389 million year on year to ¥20,195 million, up 20.2%. In addition to higher net sales, efforts to improve costs and reduce miscellaneous expenses resulted in operating profit of ¥1,363 million, an increase of ¥1,279 million, and ordinary profit of ¥1,289 million, an increase of ¥1,264 million.」
Net sales were ¥20,195 million, operating profit was ¥1,363 million, and ordinary profit was ¥1,289 million, a significant improvement from operating profit of ¥83 million and ordinary profit of ¥25 million in the previous year. The disclosure described measurable progress toward improving profitability. - FY2021-Q3AdvancedAnnual report
「As a result, consolidated net sales increased by ¥3,143 million year on year to ¥14,468 million, up 27.8%. In addition to higher net sales, efforts to reduce miscellaneous expenses improved consolidated earnings, resulting in operating profit of ¥780 million, an improvement of ¥1,349 million, ordinary profit of ¥713 million, an improvement of ¥1,314 million, and quarterly profit attributable to owners of the parent of ¥628 million, an improvement of ¥1,263 million.」
Net sales increased 27.8% year on year, resulting in operating profit of ¥780 million, ordinary profit of ¥713 million, and quarterly profit attributable to owners of the parent of ¥628 million. This represented measurable progress toward improving profitability, with earnings turning from losses in the previous year to profits. - FY2021-Q2AdvancedAnnual report
「As a result, consolidated net sales increased by ¥1,435 million year on year to ¥9,143 million, up 18.6%. In addition to higher net sales, efforts to reduce miscellaneous expenses improved consolidated earnings, resulting in operating profit of ¥342 million, an improvement of ¥699 million, ordinary profit of ¥285 million, an improvement of ¥662 million, and quarterly profit attributable to owners of the parent of ¥323 million, an improvement of ¥721 million.」
Net sales increased 18.6% year on year, and operating earnings, ordinary earnings, and quarterly earnings attributable to owners of the parent all improved from losses to profits. This represents measurable progress toward improving profitability, but the achievement of resumed dividend payments was not stated. - FY2021-Q1AdvancedAnnual report
「As a result, consolidated net sales increased by ¥301 million year on year to ¥3,699 million, up 8.9%. In addition to higher net sales, efforts to reduce miscellaneous expenses improved consolidated earnings, resulting in an operating loss of ¥40 million, an improvement of ¥230 million, an ordinary loss of ¥84 million, an improvement of ¥197 million, and a quarterly loss attributable to owners of the parent of ¥174 million, an improvement of ¥120 million.」
Net sales increased 8.9% year on year, and reductions in miscellaneous expenses improved the operating loss from ¥271 million to ¥40 million and the ordinary loss from ¥282 million to ¥84 million. However, operating, ordinary, and quarterly net earnings all remained losses, and the results do not indicate that the profitability target or resumed dividend payments had been achieved. - FY2020AdvancedAnnual report
「As a result, consolidated net sales declined by ¥654 million year on year to ¥16,805 million, down 3.8%. However, efforts to improve costs and reduce miscellaneous expenses resulted in operating profit of ¥83 million, an improvement of ¥153 million, and ordinary profit of ¥25 million, an improvement of ¥181 million.」
Despite the decline in net sales, cost improvements and reductions in miscellaneous expenses improved operating earnings from a loss of ¥70 million to profit of ¥83 million, and ordinary earnings from a loss of ¥155 million to profit of ¥25 million. The policy continued to target an early resumption of dividend payments, but no dividends were paid for the year and dividend payments had not resumed. - FY2020-Q3AdvancedAnnual report
「Although net sales declined, efforts to improve costs and reduce miscellaneous expenses resulted in an operating loss of ¥568 million, an improvement of ¥169 million year on year, and an ordinary loss of ¥601 million, an improvement of ¥190 million. The quarterly loss attributable to owners of the parent was ¥635 million, an improvement of ¥465 million, due to the improvement in operating and ordinary earnings and a decrease in income taxes and other taxes from the previous year.」
Although net sales declined, cost improvements and reductions in miscellaneous expenses improved the operating loss, ordinary loss, and quarterly loss attributable to owners of the parent year on year. However, all remained losses, and the results do not indicate improved profitability or the resumption of dividend payments. - FY2020-Q2AdvancedAnnual report
「Although net sales declined, efforts to improve costs and reduce miscellaneous expenses resulted in an operating loss of ¥356 million, an improvement of ¥240 million year on year, and an ordinary loss of ¥376 million, an improvement of ¥250 million. The quarterly loss attributable to owners of the parent was ¥397 million, an improvement of ¥406 million, due to the improvement in operating and ordinary earnings and a decrease in income taxes and other taxes from the previous year.」
Although net sales declined, cost improvements and reductions in miscellaneous expenses improved the operating loss by ¥240 million, the ordinary loss by ¥250 million, and the quarterly loss attributable to owners of the parent by ¥406 million year on year. However, all operating, ordinary, and net earnings remained losses, and the achievement of resumed dividend payments was not stated. - FY2020-Q1AdvancedAnnual report
「Regarding earnings, although net sales declined, efforts to improve costs and reduce miscellaneous expenses resulted in an operating loss of ¥271 million, an improvement of ¥304 million year on year, and an ordinary loss of ¥282 million, an improvement of ¥319 million. The quarterly loss attributable to owners of the parent was ¥294 million, an improvement of ¥478 million, due to the improvement in operating and ordinary earnings and a decrease in income taxes and other taxes from the same quarter of the previous year.」
The operating loss, ordinary loss, and quarterly loss attributable to owners of the parent all improved year on year. However, the Company still reported losses, and there is no indication that dividend payments resumed after the elimination of accumulated losses. - FY2019AdvancedAnnual report
「Although we worked to improve costs and reduce miscellaneous expenses, the decline in net sales resulted in an operating loss of ¥70 million, an improvement of ¥638 million year on year, and an ordinary loss of ¥155 million, an improvement of ¥609 million. Profit attributable to owners of the parent was ¥22 million, a deterioration of ¥584 million year on year. Although ¥2,434 million in compensation received and other items was recorded as extraordinary income following the transfer of part of the site to JR Central after completion of demolition and site-clearing work at Yamanashi Avionics Co., Ltd., ¥621 million in losses on disposal of fixed assets and other items related to the demolition was recorded as extraordinary losses, and ¥1,635 million in income taxes and other taxes was recorded due to the reversal of deferred tax assets following a review of their recoverability.」
The operating loss improved from ¥709 million to ¥70 million, and the ordinary loss from ¥764 million to ¥155 million. Profit attributable to owners of the parent was ¥22 million. Retained earnings were ¥348 million and accumulated losses were eliminated, but losses remained at the operating and ordinary levels, and dividend payments had not resumed. - FY2019-Q3WorsenedAnnual report
「Regarding earnings, despite efforts to reduce miscellaneous expenses, the decline in net sales and cost deterioration on certain unprofitable projects resulted in an operating loss of ¥738 million, a deterioration of ¥67 million year on year, and an ordinary loss of ¥791 million, a deterioration of ¥91 million. The quarterly loss attributable to owners of the parent was ¥1,101 million, a deterioration of ¥1,592 million, because the ¥1,477 million compensation received and recorded as extraordinary income in the same quarter of the previous year was not recorded in the cumulative third-quarter consolidated period under review.」
Despite efforts to reduce miscellaneous expenses, the decline in net sales, cost deterioration on unprofitable projects, and the absence of compensation received in the previous year resulted in an operating loss of ¥738 million, an ordinary loss of ¥791 million, and a quarterly net loss of ¥1,101 million. Earnings performance toward improving profitability, eliminating accumulated losses, and resuming dividend payments deteriorated further. - FY2019-Q2WorsenedAnnual report
「Regarding earnings, despite efforts to reduce miscellaneous expenses, the decline in net sales and cost deterioration on certain unprofitable projects resulted in an operating loss of ¥597 million, a deterioration of ¥97 million year on year, and an ordinary loss of ¥626 million, a deterioration of ¥98 million. The quarterly loss attributable to owners of the parent was ¥804 million, a deterioration of ¥1,507 million, because the ¥1,477 million compensation received and recorded as extraordinary income in the same quarter of the previous year was not recorded in the cumulative second-quarter consolidated period under review.」
Despite efforts to reduce miscellaneous expenses, the decline in sales, cost deterioration on unprofitable projects, and the absence of compensation received in the previous year resulted in an operating loss of ¥597 million, an ordinary loss of ¥626 million, and a quarterly net loss of ¥804 million. Earnings performance toward improving profitability, eliminating accumulated losses, and resuming dividend payments deteriorated. - FY2019-Q1WorsenedAnnual report
「Regarding earnings, despite efforts to reduce miscellaneous expenses, the decline in net sales and the recognition of provisions for estimated future losses on projects with deteriorating costs resulted in an operating loss of ¥576 million, a deterioration of ¥207 million year on year, and an ordinary loss of ¥601 million, a deterioration of ¥222 million. The quarterly loss attributable to owners of the parent was ¥773 million, a deterioration of ¥255 million, due to an increase in income taxes and other taxes adjusted following the reversal of deferred tax assets.」
Despite efforts to reduce miscellaneous expenses, the operating loss, ordinary loss, and quarterly loss attributable to owners of the parent all widened year on year due to the decline in sales, provisions for projects with deteriorating costs, and the reversal of deferred tax assets. - FY2018WorsenedAnnual report
「Although we worked to improve costs and reduce miscellaneous expenses, the decline in net sales resulted in a consolidated operating loss of ¥709 million, a deterioration of ¥729 million year on year, and an ordinary loss of ¥764 million, a deterioration of ¥704 million.」
Earnings at the operating and ordinary levels deteriorated against the targets for the year. Net profit of ¥606 million included ¥1,477 million in compensation from JR Central, and dividend payments have not resumed. - FY2018SoftenedAnnual report
「Through these measures, we intend to achieve operational excellence, improve profitability, and resume dividend payments, and will work as one across the Group to achieve these goals.」
Although improving profitability and resuming dividend payments remained objectives, the target for fiscal 2020 net sales was reduced from the previous ¥25 billion to ¥24 billion, and the policy stated this time does not explicitly refer to the early elimination of accumulated losses. - FY2018-Q3WorsenedAnnual report
「Regarding earnings, despite efforts to improve costs and other factors, the decline in net sales resulted in an operating loss of ¥671 million, a deterioration of ¥171 million year on year, and an ordinary loss of ¥699 million, a deterioration of ¥141 million.」
Despite efforts to improve costs and other factors, both the operating and ordinary losses deteriorated year on year. Profit attributable to owners of the parent was ¥491 million, and accumulated losses in retained earnings narrowed from negative ¥1,030 million to negative ¥539 million, but earnings at the operating and ordinary levels deteriorated with respect to improving profitability. - FY2018-Q2WorsenedAnnual report
「Regarding earnings, despite efforts to improve costs and other factors, the decline in net sales resulted in an operating loss of ¥499 million, a deterioration of ¥395 million year on year, and an ordinary loss of ¥528 million, a deterioration of ¥378 million.」
Despite efforts to improve costs, the operating and ordinary losses widened year on year. Earnings performance toward improving profitability, eliminating accumulated losses, and resuming dividend payments continued to deteriorate. - FY2018-Q1WorsenedAnnual report
「Regarding earnings, despite efforts to improve costs and reduce miscellaneous expenses, the decline in net sales resulted in an operating loss of ¥368 million, a deterioration of ¥173 million year on year, and an ordinary loss of ¥379 million, a deterioration of ¥159 million. The quarterly loss attributable to owners of the parent was ¥517 million, a deterioration of ¥623 million, due to an increase in income taxes and other taxes adjusted following the reversal of deferred tax assets.」
Despite efforts to improve costs and reduce miscellaneous expenses, the operating and ordinary losses deteriorated year on year due to the decline in sales, and the quarterly net loss was ¥517 million. Earnings performance toward improving profitability, eliminating accumulated losses, and resuming dividend payments deteriorated. - FY2017RaisedAnnual report
「Our Group will strengthen competitiveness and differentiation in its two segments, information systems and electronic equipment, and under its medium-term management plan will target fiscal 2020 net sales of ¥25 billion, operating profit of ¥1.5 billion, and net income of ¥1 billion. Through these measures, we intend to achieve operational excellence, improve profitability, eliminate accumulated losses at an early stage, and resume dividend payments, and will work as one across the Group to achieve these goals.」
In addition to the previous goals of improving profitability, eliminating accumulated losses, and resuming dividend payments, the Company stated for the first time medium-term targets with a deadline and specific figures: fiscal 2020 net sales of ¥25 billion, operating profit of ¥1.5 billion, and net income of ¥1 billion. - FY2017-Q3WorsenedAnnual report
「Regarding earnings, the decline in net sales and other factors resulted in an operating loss of ¥500 million, compared with an operating loss of ¥79 million in the same quarter of the previous year, and an ordinary loss of ¥557 million, compared with an ordinary loss of ¥141 million. However, we recorded ¥3,694 million in compensation for assets and other items removed from JR Central as extraordinary income, and ¥1,004 million in costs related to the transfer of the business and other items as extraordinary losses. As a result, quarterly profit attributable to owners of the parent was ¥1,682 million, compared with a quarterly loss attributable to owners of the parent of ¥442 million in the same quarter of the previous year.」
The operating and ordinary losses widened year on year. Quarterly profit included extraordinary income and expenses such as compensation payments, and does not indicate improved profitability, elimination of accumulated losses, or the resumption of dividend payments. - FY2017-Q2AdvancedAnnual report
「Regarding earnings, the decline in net sales and other factors resulted in an operating loss of ¥103 million, compared with operating profit of ¥48 million in the same quarter of the previous year, and an ordinary loss of ¥150 million, compared with ordinary profit of ¥10 million. However, we recorded ¥3,694 million in compensation for assets and other items removed from JR Central as extraordinary income, and ¥1,004 million in costs related to the transfer of the business and other items as extraordinary losses. As a result, quarterly profit attributable to owners of the parent was ¥2,113 million, compared with a quarterly loss attributable to owners of the parent of ¥129 million in the same quarter of the previous year.」
Quarterly profit was ¥2,113 million, and retained earnings improved from negative ¥2,540 million at the end of the previous consolidated fiscal year to negative ¥427 million. However, the Company reported operating and ordinary losses, and the result included extraordinary income from compensation payments. This does not indicate that accumulated losses were eliminated or that dividend payments were resumed. - FY2017-Q1AdvancedAnnual report
「Although net sales declined, cost improvements and reductions in miscellaneous expenses improved the operating loss by ¥115 million year on year to ¥195 million, and the ordinary loss by ¥108 million to ¥219 million. Profit attributable to owners of the parent was ¥106 million, an improvement of ¥602 million year on year, due to a decrease in income taxes and other taxes adjusted following a review of the recoverability of deferred tax assets.」
Cost improvements and reductions in miscellaneous expenses improved the operating and ordinary losses year on year, while quarterly profit attributable to owners of the parent was ¥106 million. This does not indicate that accumulated losses were eliminated or that dividend payments were resumed. - FY2016First statedAnnual report
「We will improve QCD (quality, cost and delivery), promote the creation of customer value, and strengthen our technological foundation. While maintaining our information systems business serving the defense and space products sectors as a core business, we will develop distinctive businesses for private-sector demand. Based on these policies, we intend to improve profitability, eliminate accumulated losses at an early stage, and resume dividend payments, and will work as one across the Group to achieve these goals.」
Recorded for the first time as management objectives: improving profitability, eliminating accumulated losses, and resuming dividend payments.