Improvement in Operating Profit and Net Income Despite Declining Revenue
First written in FY2016. 20 of 37 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
Nippon Avionics moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 105 companies on the "Worse" side.
21 other companies' latest entry also says "Advanced".
- 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.」
The company progressed from improving profits despite lower revenue to a period of significantly higher revenue and higher profits accompanied by increases in orders received and revenue. - 2026-05-12AdvancedRevisions to earnings forecasts
「As a result, the consolidated results of the Group 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 net income attributable to owners of the parent of ¥3,820 million, up ¥1,856 million.」
The Group progressed further from improving profit amid declining sales to a phase of higher sales and higher profit, with increases in operating profit, ordinary profit and net income. - 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.」
The company continued to progress from improving profits despite lower revenue to a period of higher revenue and higher profits in the interim period, accompanied by increases in revenue, operating income, ordinary income and interim net income. - FY2025ReframedAnnual report
「As a result, the consolidated results of the corporate group for the consolidated fiscal year were orders received of ¥27,438 million, up 25.3% year on year; revenue of ¥20,122 million, up 11.4%; and operating income of ¥2,796 million, up ¥617 million.」
The description changed from the previous “profit improvement despite lower revenue” to a period of higher revenue and higher profits accompanied by increases in orders received, revenue and operating income. - FY2025-H1AdvancedAnnual report
「As a result, the consolidated results of the group for the interim consolidated accounting period were revenue of ¥9,106 million, up 5.0% year on year, operating income of ¥1,148 million, up ¥238 million, and ordinary income of ¥1,099 million, up ¥203 million.」
Revenue increased year on year, and operating and ordinary income also increased. The company progressed from improving profits despite lower revenue to expanding profits accompanied by higher revenue, while interim net income declined by ¥9 million to ¥734 million due to higher tax expenses. - FY2024AdvancedAnnual report
「As a result, the consolidated results of the corporate group for the period were revenue of ¥18,055 million, up 1.7% year on year; operating income of ¥2,178 million, up ¥226 million; ordinary income of ¥2,152 million, up ¥227 million; and net income attributable to owners of the parent of ¥2,149 million, up ¥328 million, representing higher revenue and higher profits.」
Profit increased for the 6th consecutive period, with revenue of ¥18,055 million, operating income of ¥2,178 million, ordinary income of ¥2,152 million and net income of ¥2,149 million. - FY2024-Q3AdvancedAnnual report
「For the period, the consolidated results of the corporate group were revenue of ¥13,253 million, up 5.0% year on year; operating income of ¥1,509 million, up ¥364 million; ordinary income of ¥1,490 million, up ¥362 million; and quarterly net income attributable to owners of the parent of ¥1,166 million, up ¥201 million, representing higher revenue and higher profits.」
Revenue and profit increased year on year, with operating income, ordinary income and quarterly net income all increasing. - 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.」
The company moved from lower revenue and lower profits in the previous year to higher revenue and higher profits, with revenue of ¥8,669 million, operating income of ¥910 million, ordinary income of ¥896 million and quarterly net income of ¥744 million. - 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.」
The company moved from lower revenue and low profit levels in the previous year to higher revenue and higher profits, with revenue of ¥3,605 million, operating income of ¥275 million, ordinary income of ¥268 million and quarterly net income of ¥128 million. - FY2023AdvancedAnnual report
「Revenue was ¥17,754 million, down 7.7% year on year, while operating income was ¥1,951 million, up ¥100 million; ordinary income was ¥1,925 million, up ¥119 million; and net income attributable to owners of the parent was ¥1,820 million, up ¥195 million. Operating margin, ordinary income, ordinary income margin and net income margin attributable to owners of the parent all reached record highs since listing.」
Despite lower revenue, operating income, ordinary income and net income increased, and operating margin and other margins reached record highs since listing. The theme of improving profits despite lower revenue advanced concretely through record-high profit margins. - FY2023-Q3WorsenedAnnual report
「Consolidated results were revenue of ¥12,624 million, down 11.0% year on year; operating income of ¥1,145 million, down ¥177 million; ordinary income of ¥1,127 million, down ¥169 million; and quarterly net income attributable to owners of the parent of ¥965 million, down ¥160 million.」
Revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent for the cumulative third quarter all declined year on year, and results deteriorated from the previous period of higher revenue and higher profits. - 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.」
Revenue and profit declined from the same quarter of the previous year, and profit levels fell from the previous period of improving profits despite lower revenue. However, the company explained that progress was in line with the annual plan. - FY2023-Q1WorsenedAnnual report
「As a result, consolidated revenue decreased by ¥1,111 million from the same quarter of the previous year to ¥3,263 million. Although cost improvements had an effect, operating income decreased by ¥292 million to ¥32 million, and ordinary income decreased by ¥289 million to ¥26 million.」
Revenue decreased by ¥1,111 million year on year, and operating and ordinary income also declined significantly. The company moved from the previous period of higher revenue and higher profits to lower profit levels despite lower revenue. - 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%.」
Despite lower revenue, gross profit increased due to cost improvements, and operating income, ordinary income and net income increased. Operating income improved from ¥1,363 million to ¥1,850 million, while ordinary income improved from ¥1,289 million to ¥1,805 million. - FY2022-Q3Profit Improvement Despite Lower RevenueAnnual report
「Although consolidated revenue decreased by ¥287 million from the same quarter of the previous year to ¥14,180 million, down 2.0% year on year, efforts to improve costs increased gross profit, resulting in operating income increasing by ¥541 million to ¥1,322 million, up 69.4%, and ordinary income increasing by ¥583 million to ¥1,297 million, up 81.7%.」
After profit improvement accompanied by higher revenue through the previous quarter, the third quarter saw gross profit increase and operating and ordinary income improve due to cost improvements despite lower revenue. - FY2022-Q2Profit improvement accompanied by higher revenueAnnual report
「As a result, consolidated revenue increased by ¥505 million from the same quarter of the previous year to ¥9,648 million, up 5.5% year on year. Although selling, general and administrative expenses increased due to research and development activities and other factors, the increase in revenue and efforts to improve costs resulted in operating income increasing by ¥608 million to ¥950 million, up 177.7% year on year, and ordinary income increasing by ¥646 million to ¥932 million, up 226.6%.」
The company shifted from its previous pattern of improving profits despite lower revenue to expanding operating and ordinary income accompanied by higher revenue and improved costs. - 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.」
From the previous situation of improving profits despite lower revenue, the company achieved positive operating income, ordinary income and net income this quarter, accompanied by higher revenue and improved costs. - 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.」
Revenue, operating income and ordinary income all improved significantly from the previous fiscal year. The company progressed from the previous pattern of improving profits despite lower revenue to expanding profits accompanied by higher revenue, improved costs and reduced various expenses. - 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.」
Although revenue increased 27.8% year on year, operating income and expenses, ordinary income and expenses, and quarterly net income and expenses attributable to owners of the parent all improved from losses in the previous year to profits. - FY2021-Q2AdvancedAnnual report
「Consolidated revenue increased by ¥1,435 million from the same quarter of the previous year to ¥9,143 million, up 18.6% year on year. In consolidated income and expenses, although selling, general and administrative expenses increased due to research and development activities and other factors, efforts to improve costs in addition to the increase in revenue resulted in operating income increasing by ¥699 million to ¥342 million and ordinary income increasing by ¥662 million to ¥285 million.」
Operating and ordinary income improved from losses in the same quarter of the previous year to ¥342 million and ¥285 million, respectively, due to higher revenue and reductions in various expenses. - FY2020AdvancedAnnual report
「In consolidated income and expenses, efforts to improve costs and reduce various expenses resulted in operating income improving by ¥153 million from the previous fiscal year to ¥83 million, and ordinary income improving by ¥181 million to ¥25 million.」
Although revenue declined 3.8% from the previous fiscal year, operating income improved from a loss to ¥83 million, and ordinary income improved from a loss to ¥25 million. - 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 revenue declined 5.6% year on year, operating loss, ordinary loss and quarterly net loss attributable to owners of the parent improved from the previous year. However, net income and expenses still represented a loss of ¥635 million. - 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 revenue declined 1.1% year on year, operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all improved from the previous year. However, operating, ordinary and net income and expenses remained in the red. - FY2020-Q1AdvancedAnnual report
「Operating loss improved by ¥304 million year on year to ¥271 million, and ordinary loss improved by ¥319 million to ¥282 million. In addition to the improvement in operating and ordinary income and expenses, lower income taxes and other taxes than in the same quarter of the previous year resulted in quarterly net loss attributable to owners of the parent improving by ¥478 million to ¥294 million.」
Although revenue declined 6.6% year on year, operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all improved from the previous year. - 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.」
Operating and ordinary losses improved from the previous year, but net income was limited to ¥22 million due to the effects of extraordinary income, extraordinary losses and tax effects. Although the accumulated deficit was eliminated, underlying operating income and expenses remained in the red. - FY2019-Q3WorsenedAnnual report
「Against this business backdrop, revenue for the third quarter of the consolidated cumulative period was ¥11,992 million, down ¥1,136 million, or 8.7%, from the same quarter of the previous year, due to lower electronic equipment revenue and the discontinuation of the printed circuit board business, despite an increase in information systems revenue.」
Although information systems revenue increased, consolidated revenue declined 8.7% year on year due to lower electronic equipment revenue and the discontinuation of the printed circuit board business. Operating loss was ¥738 million, ordinary loss was ¥791 million, and net loss was ¥1,101 million, resulting in deteriorating profitability. - FY2019-Q2WorsenedAnnual report
「Revenue in this segment was ¥2,905 million, down 16.8% from the same quarter of the previous year. Segment loss was ¥83 million, a deterioration of ¥336 million from the same quarter of the previous year.」
Consolidated revenue was ¥7,794 million, down 12.6% year on year, while operating loss was ¥597 million, ordinary loss was ¥626 million, and net loss was ¥804 million. Profitability deteriorated partly because of lower electronic equipment revenue and the discontinuation of the printed circuit board business. - FY2019-Q1WorsenedAnnual report
「Against this business backdrop, revenue for the first quarter of the consolidated cumulative period was ¥3,639 million, down ¥211 million, or 5.5%, from the same quarter of the previous year, as the increase in information systems revenue was outweighed by the decline in electronic equipment revenue.」
Although information systems revenue increased, consolidated revenue declined 5.5% year on year due to lower electronic equipment revenue. Operating loss was ¥576 million, ordinary loss was ¥601 million, and quarterly net loss attributable to owners of the parent was ¥773 million, resulting in deteriorating profitability. - 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.」
Annual revenue declined 12.8% year on year to ¥18,707 million, while operating loss was ¥709 million and ordinary loss was ¥764 million, further weakening profitability at the operating and ordinary income levels. Net income of ¥606 million included ¥1,477 million in compensation from JR Tokai. - FY2018-Q3WorsenedAnnual report
「Regarding income and expenses, despite efforts to improve costs and other measures, the decline in revenue caused operating loss to deteriorate by ¥171 million year on year to ¥671 million, and ordinary loss to deteriorate by ¥141 million to ¥699 million. As announced on 7 July 2016 in the notice titled “Receipt of Compensation Related to the Removal of Property at a Consolidated Subsidiary, Transfer of the Printed Circuit Board Business, and Revision of Full-Year Earnings Forecast,” the company recorded ¥1,477 million in compensation related to the removal of property and other assets at a consolidated subsidiary as extraordinary income. As a result, quarterly net income attributable to owners of the parent was ¥491 million, a decrease of ¥1,191 million from the same quarter of the previous year.」
Revenue declined 5.7% year on year, resulting in an operating loss of ¥671 million and an ordinary loss of ¥699 million. Although quarterly net income was ¥491 million due to ¥1,477 million in compensation recorded as extraordinary income, profitability at the operating and ordinary income levels deteriorated. - 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.」
The decline in revenue caused operating loss and ordinary loss to increase from the same quarter of the previous year. Although quarterly net income attributable to owners of the parent was ¥702 million due to ¥1,477 million in compensation recorded as extraordinary income, income and expenses at the operating and ordinary income levels deteriorated. - 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.」
Revenue declined 10.9% year on year, while operating loss was ¥368 million, ordinary loss was ¥379 million, and quarterly net loss attributable to owners of the parent was ¥517 million. Operating, ordinary and net income all deteriorated from the previous period. - FY2017WorsenedAnnual report
「Consolidated revenue decreased by ¥1,478 million from the previous fiscal year to ¥21,442 million, down 6.5% year on year. In consolidated income and expenses, despite efforts to reduce expenses and other measures, the decline in revenue resulted in operating income deteriorating by ¥554 million from the previous fiscal year to ¥20 million, and ordinary loss deteriorating by ¥540 million to ¥60 million.」
Annual revenue declined, and operating income deteriorated from ¥574 million to ¥20 million, while ordinary income deteriorated from ¥479 million to an ordinary loss of ¥60 million. Although net income was ¥1,510 million due to compensation and other factors, profitability at the operating and ordinary income levels deteriorated. - FY2017-Q3WorsenedAnnual report
「Regarding income and expenses, despite efforts to improve costs and other measures, the decline in revenue 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, the company recorded ¥3,694 million in compensation for assets and other property removed by JR Tokai as extraordinary income, and ¥1,004 million in costs related to the transfer of the business and other expenses as extraordinary losses. As a result, quarterly net income attributable to owners of the parent was ¥1,682 million.」
Although operating loss and ordinary loss increased from the same period of the previous year, quarterly net income was ¥1,682 million due to compensation from JR Tokai. - FY2017-Q2WorsenedAnnual report
「Regarding income and expenses, the company recorded an operating loss of ¥103 million, compared with operating income of ¥48 million in the same quarter of the previous year, and an ordinary loss of ¥150 million, compared with ordinary income of ¥10 million, mainly because of the decline in revenue. However, the company recorded ¥3,694 million in compensation for assets and other property removed by JR Tokai as extraordinary income, and ¥1,004 million in costs related to the transfer of the business and other expenses as extraordinary losses. As a result, quarterly net income attributable to owners of the parent was ¥2,113 million.」
Although the company moved from operating and ordinary income in the same period of the previous year to operating and ordinary losses, quarterly net income was ¥2,113 million due to extraordinary income from compensation. - 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.」
Although revenue declined 11.1% year on year, operating loss and ordinary loss improved, and quarterly net income attributable to owners of the parent was ¥106 million. - FY2016First statedAnnual report
「Although revenue declined, operating income improved by ¥90 million year on year to ¥574 million, while ordinary income improved by ¥49 million to ¥479 million, reflecting efforts to reduce the cost of sales and expenses.」
Although consolidated revenue declined 10.8% year on year, operating income and ordinary income improved, and net income attributable to owners of the parent was ¥115 million.