Achieving a stable earnings base
First written in FY2016. 23 of 44 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-04.
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- FY2026WorsenedAnnual report
「In terms of earnings, utilization rates at production plants remained low through the first half due to measures to strengthen the quality-control system, preparations for the full-scale launch of the new Thailand plant and the restructuring of the production system. Although profitability improved substantially in the latest fourth quarter as higher-value-added products increased and various improvement measures began to bear fruit in the second half, operating profit was ¥2,788 million, a decrease of 26.8% from the previous fiscal year.」
Although profitability improved in the second half and fourth quarter, the full-year results continued to reflect the impact of low utilization from quality-control measures, the launch of the new Thailand plant and the restructuring of the production system. Operating profit declined 26.8% year on year. - FY2026-H1WorsenedAnnual report
「In terms of earnings, operating profit for the interim consolidated accounting period was ¥448 million, a decrease of 74.6% from the same period of the previous year, due mainly to low utilization rates at production plants resulting from measures to strengthen the quality-control system and preparations associated with the upgrade of the production system at the Thailand plant.」
Low utilization associated with efforts to strengthen the quality-control system and upgrade the production system at the Thailand plant resulted in operating profit of ¥448 million, down 74.6% year on year, worsening earnings performance. - FY2025AdvancedAnnual report
「In terms of earnings, in addition to the effect of higher revenue, although utilization rates at production plants remained low, operating profit was ¥3,807 million, an increase of 7.9% from the same period of the previous year, due to higher productivity and foreign-exchange effects.」
Despite continued low utilization at production plants, higher productivity and foreign-exchange effects resulted in operating profit of ¥3,807 million, up 7.9% year on year, improving earnings performance. - FY2025-H1AdvancedAnnual report
「In terms of earnings, although utilization rates at production plants remained low, operating profit for the interim consolidated accounting period was ¥1,766 million, an increase of 209.2% from the same period of the previous year, due to higher productivity and foreign-exchange effects.」
Despite low utilization rates at production plants, higher productivity and foreign-exchange effects resulted in operating profit of ¥1,766 million, up 209.2% year on year, improving earnings performance. - FY2024AdvancedAnnual report
「The following is an overview of the financial position, operating results and cash flows of the Group, comprising the Company and its consolidated subsidiaries, for the consolidated fiscal year under review.」
Revenue was ¥90,568 million, operating profit was ¥3,529 million, ordinary profit was ¥4,795 million and net income attributable to owners of the parent was ¥3,855 million, representing an improvement in earnings performance from the previous fiscal year. - FY2024-Q3Production recovery alongside flat earningsAnnual report
「Sales in the priority powertrain and driving-safety fields drove consolidated revenue to ¥66,970 million for the cumulative third quarter, an increase of 7.1% from the same quarter of the previous year. In terms of earnings, although orders recovered gradually and utilization at production plants was improving, operating profit was ¥2,123 million, down 0.6% year on year, due mainly to the low utilization rate through the cumulative second quarter.」
Sales and orders in priority fields and utilization at production plants are recovering, while cumulative operating profit declined 0.6% year on year. The earnings base reflects both recovery factors and flat earnings. - FY2024-Q2WorsenedAnnual report
「Sales in the priority powertrain and driving-safety fields drove consolidated revenue to ¥43,216 million for the cumulative second quarter, an increase of 5.4% from the same quarter of the previous year. In terms of earnings, although orders recovered gradually and utilization at production plants was improving, operating profit was ¥571 million, down 54.1% year on year, due mainly to the continued low level of utilization. Although operating profit declined, ordinary profit increased 8.0% to ¥1,677 million because the yen weakened against the US dollar and Thai baht, resulting in foreign-exchange gains of ¥1,029 million. In addition, quarterly net income attributable to owners of the parent was ¥759 million, down 28.9%, due mainly to the recognition of ¥216 million in business restructuring expenses related to structural reforms to improve production efficiency.」
Although sales and revenue in priority fields increased, utilization at production plants remained low. Operating profit declined 54.1% from the same quarter of the previous year and quarterly net income attributable to owners of the parent declined 28.9%. Foreign-exchange gains supported ordinary profit, but performance toward achieving a stable earnings base deteriorated. - FY2024-Q1WorsenedAnnual report
「Sales in the priority powertrain and driving-safety fields drove consolidated revenue to ¥21,127 million for the cumulative first quarter, an increase of 7.0% from the same quarter of the previous year. In terms of earnings, although orders recovered gradually, operating profit was ¥56 million, down 90.6% year on year, due mainly to low utilization at production plants resulting from the decline in orders in the previous fiscal year.」
Revenue increased 7.0% year on year, while operating profit was ¥56 million, down 90.6%, due to low utilization at production plants resulting from the decline in orders in the previous fiscal year, worsening earnings performance. - FY2023WorsenedAnnual report
「Amid a challenging business environment, sales in the priority powertrain and driving-safety fields increased, resulting in consolidated revenue of ¥83,840 million, an increase of 2.9% from the same period of the previous year. In terms of earnings, operating profit was ¥2,605 million, a decrease of 13.7%, due mainly to lower utilization rates at production plants and higher energy prices.」
Although revenue increased, operating profit declined 13.7% year on year, ordinary profit declined 20.6% and net income attributable to owners of the parent declined 43.0% due to lower utilization rates at production plants and higher energy prices, resulting in deterioration in earnings performance. - FY2023-Q3AdvancedAnnual report
「Amid a challenging business environment, sales in the priority powertrain and driving-safety fields increased, resulting in consolidated revenue of ¥62,555 million for the cumulative third quarter, an increase of 3.9% from the same quarter of the previous year. In terms of earnings, operating profit was ¥2,136 million, up 26.8% year on year, due to the increase in revenue, improved production efficiency and foreign-exchange movements. In addition, ordinary profit was ¥2,738 million, up 59.0%, due to the recognition of foreign-exchange gains from the weaker yen, and net income attributable to owners of the parent was ¥2,018 million, up 53.9%.」
Despite a challenging business environment, higher sales in priority fields, improved production efficiency and foreign-exchange movements increased revenue 3.9% year on year, operating profit 26.8%, ordinary profit 59.0% and net income attributable to owners of the parent 53.9%. - FY2023-Q2AdvancedAnnual report
「Amid a challenging business environment, sales in the priority powertrain and driving-safety fields increased, resulting in consolidated revenue of ¥40,988 million for the cumulative second quarter, an increase of 6.0% from the same quarter of the previous year. In terms of earnings, operating profit was ¥1,245 million, up 212.1% year on year, due to the increase in revenue, improved production efficiency and foreign-exchange movements.」
Despite a challenging business environment, higher sales in priority fields and improved production efficiency increased revenue 6.0% year on year. Operating profit was ¥1,245 million, up 212.1%, indicating progress toward a stable earnings base. - FY2023-Q1AdvancedAnnual report
「Amid sluggish automobile sales worldwide, consolidated revenue for the cumulative first quarter was ¥19,753 million, an increase of 1.4% from the same quarter of the previous year, due to growth in sales in China and higher revenue from foreign-exchange movements overseas. In terms of earnings, operating profit was ¥599 million, up 171.0% year on year, due mainly to the increase in revenue. In addition, ordinary profit was ¥663 million, up 221.9%, and quarterly net income attributable to owners of the parent was ¥432 million, up 557.9%, due mainly to the increase in operating profit.」
Despite sluggish automobile sales worldwide, revenue increased 1.4% year on year, operating profit increased 171.0%, ordinary profit increased 221.9% and quarterly net income attributable to owners of the parent increased 557.9%, due to growth in sales in China and higher revenue from foreign-exchange movements. - FY2022AdvancedAnnual report
「Sales for automotive applications increased, resulting in consolidated revenue of ¥81,486 million, an increase of 16.5% from the same period of the previous year. In terms of earnings, despite the effects of higher raw-material costs, operating profit was ¥3,021 million, compared with an operating loss of ¥1,676 million in the same period of the previous year, due to higher revenue and improved production efficiency.」
Higher sales for automotive applications and improved production efficiency turned operating results from a loss of ¥1,676 million in the previous year to a profit of ¥3,021 million, indicating progress in improving the earnings structure. - FY2022-Q3AdvancedAnnual report
「Sales for automotive applications increased, resulting in consolidated revenue of ¥60,189 million for the cumulative third quarter, an increase of 19.7% from the same quarter of the previous year. In terms of earnings, despite the effects of higher raw-material costs, operating profit for the cumulative third quarter was ¥1,685 million, compared with an operating loss of ¥2,017 million in the same quarter of the previous year, due to higher revenue and improved production efficiency. In addition, ordinary profit was ¥1,722 million, compared with an ordinary loss of ¥1,761 million in the same quarter of the previous year, and quarterly net income attributable to owners of the parent was ¥1,311 million, compared with a quarterly net loss attributable to owners of the parent of ¥2,162 million.」
Higher sales for automotive applications and improved production efficiency turned operating results from a loss of ¥2,017 million in the same period of the previous year to a profit of ¥1,685 million. Ordinary results and results attributable to owners of the parent also turned from losses to profits. - FY2022-Q2AdvancedAnnual report
「Sales for automotive applications increased, resulting in consolidated revenue of ¥38,677 million for the cumulative second quarter, an increase of 20.5% from the same quarter of the previous year. In terms of earnings, despite the effects of higher raw-material costs, operating profit for the cumulative second quarter was ¥399 million, compared with an operating loss of ¥1,560 million in the same quarter of the previous year, due mainly to the increase in revenue.」
Higher sales for automotive applications increased revenue by 20.5% year on year, and operating results turned from a loss of ¥1,560 million in the same period of the previous year to a profit of ¥399 million. Performance toward achieving a stable earnings base recovered. - FY2022-Q1AdvancedAnnual report
「Sales for automotive applications increased, resulting in consolidated revenue of ¥19,481 million for the cumulative first quarter, an increase of 18.5% from the same quarter of the previous year. In terms of earnings, operating profit for the cumulative first quarter was ¥221 million, compared with an operating loss of ¥546 million in the same quarter of the previous year, due mainly to the increase in revenue.」
Higher sales for automotive applications increased revenue by 18.5% year on year, and operating results turned from a loss of ¥546 million in the same period of the previous year to a profit of ¥221 million. - FY2021WorsenedAnnual report
「Sales for automotive applications declined, resulting in consolidated revenue of ¥69,967 million, a decrease of 15.3% from the same period of the previous year. In terms of earnings, despite efforts to reduce fixed costs and other measures, operating loss was ¥1,676 million, compared with operating profit of ¥1,601 million in the same period of the previous year, due mainly to the decline in revenue.」
Despite efforts to reduce fixed costs and other measures, revenue declined 15.3% year on year due to lower sales for automotive applications, and operating results turned from profit in the previous year to a loss of ¥1,676 million. Performance toward achieving a stable earnings base deteriorated further. - FY2021-Q3WorsenedAnnual report
「Sales for automotive applications declined, resulting in consolidated revenue of ¥50,304 million for the cumulative third quarter, a decrease of 20.6% from the same quarter of the previous year. In terms of earnings, despite continued efforts to reduce fixed costs and other measures, operating loss for the cumulative third quarter was ¥2,017 million, compared with operating profit of ¥1,375 million in the same quarter of the previous year, due mainly to the decline in revenue. In addition, ordinary loss was ¥1,761 million, compared with ordinary profit of ¥1,443 million in the same quarter of the previous year, and quarterly net loss attributable to owners of the parent was ¥2,162 million, compared with quarterly net income attributable to owners of the parent of ¥610 million.」
Despite efforts to reduce fixed costs and other measures, revenue declined 20.6% from the same quarter of the previous year due to lower sales for automotive applications, and operating results, ordinary results and results attributable to owners of the parent all became losses. - FY2021-Q2WorsenedAnnual report
「Sales for automotive applications declined, resulting in consolidated revenue of ¥32,100 million for the cumulative second quarter, a decrease of 25.3% from the same quarter of the previous year. In terms of earnings, despite continued efforts to reduce fixed costs and other measures, operating loss for the cumulative second quarter was ¥1,560 million, compared with operating profit of ¥715 million in the same quarter of the previous year, due mainly to the decline in revenue.」
Despite continued efforts to reduce fixed costs and other measures, revenue declined 25.3% from the same quarter of the previous year due to lower sales for automotive applications, and operating results turned from profit in the same period of the previous year to a loss of ¥1,560 million. Performance toward achieving a stable earnings base deteriorated further. - FY2021-Q1WorsenedAnnual report
「Sales for automotive applications declined, resulting in consolidated revenue of ¥16,441 million for the cumulative first quarter, a decrease of 22.9% from the same period of the previous year. In terms of earnings, despite efforts to reduce fixed costs and other measures, operating loss for the cumulative first quarter was ¥546 million, compared with operating profit of ¥144 million in the same period of the previous year, due mainly to the decline in revenue.」
Following a decline in sales for automotive applications due to the spread of COVID-19, revenue declined 22.9% year on year and operating results turned from profit in the same period of the previous year to a loss of ¥546 million. Despite efforts to reduce fixed costs and other measures, earnings performance deteriorated further. - FY2020-Q3WorsenedAnnual report
「Although sales for automotive applications increased, sales of communications-related equipment, amusement products and other products declined. As a result, consolidated revenue for the cumulative third quarter was ¥63,383 million, a decrease of 6.4% from the same period of the previous year. In terms of earnings, operating profit was ¥1,375 million, down 52.9%, due mainly to lower revenue and the lower utilization rate of domestic production plants. In addition, ordinary profit was ¥1,443 million, down 51.8%, due mainly to the decrease in operating profit, and quarterly net income attributable to owners of the parent was ¥610 million, down 59.5%.」
Although sales for automotive applications increased, lower sales of communications-related equipment, amusement products and other products, together with lower utilization rates at domestic production plants, resulted in revenue declining 6.4% year on year, operating profit declining 52.9% and quarterly net income attributable to owners of the parent declining 59.5%, with earnings performance continuing to deteriorate. - FY2020-Q2WorsenedAnnual report
「Although sales for automotive applications increased, sales of communications-related equipment, amusement products and other products declined. As a result, consolidated revenue for the cumulative second quarter was ¥42,981 million, a decrease of 4.0% from the same period of the previous year. In terms of earnings, operating profit was ¥715 million, down 60.0%, due mainly to lower revenue and the lower utilization rate of domestic production plants. In addition, ordinary profit was ¥779 million, down 56.8%, and quarterly net income attributable to owners of the parent was ¥287 million, down 75.7%, due to the decrease in operating profit.」
Although sales for automotive applications increased, lower sales of communications-related equipment, amusement products and other products, together with lower utilization rates at domestic production plants, resulted in revenue declining 4.0% year on year, operating profit declining 60.0% and quarterly net income attributable to owners of the parent declining 75.7%, further worsening earnings performance. - FY2020-Q1WorsenedAnnual report
「Although sales for automotive applications increased, sales of communications-related equipment, amusement products and other products declined. As a result, consolidated revenue for the cumulative first quarter was ¥21,311 million, a decrease of 3.5% from the same period of the previous year. In terms of earnings, operating profit was ¥144 million, down 81.0%, due mainly to lower revenue and the lower utilization rate of domestic production plants. In addition, ordinary profit was ¥103 million, down 81.4%, while quarterly net loss attributable to owners of the parent was ¥74 million, compared with quarterly net income attributable to owners of the parent of ¥239 million in the same period of the previous year.」
Sales for automotive applications increased, but lower sales of communications-related equipment, amusement products and other products, together with lower utilization rates at domestic production plants, reduced operating profit by 81.0% year on year, resulting in a quarterly net loss attributable to owners of the parent. - FY2019WorsenedAnnual report
「In response to increased orders, mainly for automotive applications, the Group made capital investments to expand production capacity and continued to improve productivity. As a result, consolidated revenue was ¥90,230 million, an increase of 3.8% from the same period of the previous year. In terms of earnings, operating profit was ¥3,767 million, a decrease of 11.7%, due to the effects of foreign-exchange movements and lower utilization rates resulting from a temporary adjustment in the domestic supply-demand balance.」
Orders, production-capacity expansion and productivity improvements continued, but operating profit declined 11.7% year on year and net income attributable to owners of the parent was ¥2,015 million, down 44.6%, indicating deterioration in earnings performance. - FY2019-Q3Deteriorating profitabilityAnnual report
「Consolidated revenue for the cumulative third quarter was ¥67,734 million, an increase of 5.4% from the same period of the previous year. In terms of earnings, appreciation of the Chinese yuan and Thai baht against the US dollar pressured performance in China and Southeast Asia. As a result, operating profit was ¥2,919 million, a decrease of 11.9% from the same period of the previous year. In addition, ordinary profit was ¥2,993 million, down 5.3%, and quarterly net income attributable to owners of the parent was ¥1,507 million, down 42.7%, due to the decrease in operating profit.」
Orders for automotive applications, capital investment to expand production capacity and productivity improvements continued, but appreciation of the Chinese yuan and Thai baht pressured performance in China and Southeast Asia, resulting in year-on-year declines in operating profit, ordinary profit and quarterly net income attributable to owners of the parent. - FY2019-Q2Deteriorating profitabilityAnnual report
「In terms of earnings, appreciation of the Chinese yuan and Thai baht against the US dollar pressured performance in China and Southeast Asia. As a result, operating profit for the cumulative second quarter was ¥1,791 million, a decrease of 16.2% from the same period of the previous year. In addition, ordinary profit was ¥1,805 million, down 9.0%, and quarterly net income attributable to owners of the parent was ¥1,179 million, down 27.6%, due to the decrease in operating profit.」
Although revenue increased 6.6% year on year, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined due to pressure on performance in China and Southeast Asia from appreciation of the Chinese yuan and Thai baht, mainly in the automotive sector. - FY2019-Q1Deteriorating profitabilityAnnual report
「In terms of earnings, appreciation of the Chinese yuan and Thai baht against the US dollar pressured earnings in China and Southeast Asia. As a result, operating profit for the cumulative first quarter was ¥760 million, a decrease of 32.6% from the same period of the previous year. In addition, ordinary profit was ¥558 million, down 46.9%, and quarterly net income attributable to owners of the parent was ¥239 million, down 72.5%, due to the decrease in operating profit.」
Revenue increased 6.1% year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined due mainly to pressure on earnings in China and Southeast Asia from currency appreciation. - FY2018AdvancedAnnual report
「As a result, consolidated revenue was ¥86,894 million, an increase of 15.3% from the same period of the previous year. In terms of earnings, although earnings were affected by higher material prices, earnings improved steadily as a result of pursuing expanded production capacity and higher productivity simultaneously. Operating profit was ¥4,266 million, up 60.9% year on year, ordinary profit was ¥3,917 million, up 49.0%, and net income attributable to owners of the parent was ¥3,638 million, up 69.0%.」
Expanded production capacity and improved productivity increased revenue, operating profit, ordinary profit and net income attributable to owners of the parent, indicating progress toward a stable earnings base. - FY2018-Q3AdvancedAnnual report
「In terms of earnings, although earnings were affected by higher raw-material prices, earnings improved steadily as a result of pursuing expanded production capacity and higher productivity simultaneously. Operating profit for the cumulative third quarter was ¥3,315 million, an increase of 110.7% from the same period of the previous year. In addition, ordinary profit was ¥3,162 million, up 120.5%, and quarterly net income attributable to owners of the parent was ¥2,632 million, up 98.6%, as operating profit improved.」
As a result of expanding production capacity and improving productivity, operating profit was ¥3,315 million, up 110.7% year on year. Ordinary profit and quarterly net income attributable to owners of the parent also increased. - FY2018-Q2AdvancedAnnual report
「In terms of earnings, although earnings were affected by higher raw-material prices, operating profit for the cumulative second quarter was ¥2,136 million, an increase of 148.4% from the same period of the previous year, as all domestic and overseas plants maintained high utilization rates and earnings improvement progressed through higher productivity.」
Earnings improvement progressed through the maintenance of high utilization rates at all domestic and overseas plants and improved productivity. Operating profit was ¥2,136 million, up 148.4% year on year. - FY2018-Q1AdvancedAnnual report
「In terms of earnings, Japan, China and Southeast Asia, where we have production sites, all posted substantial profit growth of more than 2 times the previous year's level, due to expanded production capacity at overseas plants and improved productivity at domestic plants. As a result, operating profit for the cumulative first quarter was ¥1,128 million, an increase of 229.1% from the same period of the previous year.」
Expanded capacity at overseas plants and improved productivity at domestic plants resulted in profit growth of more than 2 times the previous year's level in Japan, China and Southeast Asia. Operating profit was ¥1,128 million, up 229.1% year on year. - FY2017AdvancedAnnual report
「In terms of earnings, earnings improved in all regional segments due to higher revenue and fixed-cost reductions resulting from domestic management rationalization pursued since the previous fiscal year. Operating profit was ¥2,652 million, 6.9 times the level of the same period of the previous year.」
While pursuing a stronger, sustainable and stable earnings base, earnings improved in all regional segments and operating profit increased to ¥2,652 million. - FY2017-Q3AdvancedAnnual report
「In terms of earnings, earnings improved in all regional segments through domestic management rationalization, improved overseas yields and fixed-cost reductions, which have been pursued since the previous fiscal year. Operating profit was ¥1,573 million, compared with an operating loss of ¥220 million in the same period of the previous year.」
Earnings improved in all regional segments through domestic rationalization, improved overseas yields and fixed-cost reductions, and operating results turned from a loss in the same period of the previous year to operating profit of ¥1,573 million. - FY2017-Q2AdvancedAnnual report
「In terms of earnings, earnings improved steadily in all regions as a result of measures including domestic management rationalization, overseas fixed-cost reductions and improved yields. Operating profit was ¥860 million, compared with an operating loss of ¥502 million in the same period of the previous year.」
Earnings improved in all regions through domestic management rationalization, overseas fixed-cost reductions and improved yields, and operating results turned from a loss in the same period of the previous year to a profit of ¥860 million. - FY2017-Q1AdvancedAnnual report
「In terms of earnings, profit improvement from the domestic management rationalization measures implemented in the previous fiscal year, including the consolidation of production sites and the solicitation of voluntary retirements, as well as the optimization of overseas production systems, progressed steadily. Operating profit was ¥342 million, compared with an operating loss of ¥283 million in the same period of the previous year.」
Earnings improved through domestic rationalization measures and the optimization of overseas production systems, and operating results turned from a loss in the same period of the previous year to a profit of ¥342 million. - FY2016First statedAnnual report
「In this environment, we will focus on the automotive and communications device markets and pursue sales growth overseas. Under this sales strategy, we will earnestly address the management challenges outlined below and work to achieve a stable earnings base.」
The company has identified stabilizing its earnings base as a management priority, with stronger production capacity, cost competitiveness and quality capabilities as the means to achieve it.