Declines in operating profit, ordinary profit and net income despite a slight increase in revenue
First written in FY2016-Q3. 9 of 31 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-06.
Hamamatsu Photonics K.K. moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 11 of 50 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedRevision of earnings forecasts
「Net sales and profits increased.」
Net sales increased 11.3%, while operating income, ordinary income, and quarterly net income attributable to owners of the parent increased by 33.1%, 38.5%, and 31.3%, respectively. The business shifted from the previous pattern of declining profits despite higher sales to one in which profits also increased. - FY2026-H1Higher revenue, lower operating profit, higher ordinary profit, lower net profitAnnual report
「Net sales increased by ¥5,751 million, or 5.4%, year on year to ¥112,496 million. In terms of profit, operating income declined by ¥754 million, or 7.0%, to ¥10,023 million, while ordinary income increased by ¥357 million, or 2.9%, to ¥12,484 million. Interim net income attributable to owners of the parent declined by ¥710 million, or 7.2%, to ¥9,224 million.」
Following higher sales but lower earnings in the same period of the previous year, the interim period saw continued sales growth, lower operating income and interim net income attributable to owners of the parent, and higher ordinary income, resulting in a mixed performance. - 2026-05-14OtherRevision of earnings forecasts
「Net sales increased by ¥5,751 million, or 5.4%, year on year to ¥112,496 million. In terms of profit, operating income declined by ¥754 million, or 7.0%, to ¥10,023 million, while ordinary income increased by ¥357 million, or 2.9%, to ¥12,484 million. Interim net income attributable to owners of the parent declined by ¥710 million, or 7.2%, to ¥9,224 million.」
While operating income and interim net income attributable to owners of the parent declined despite higher sales, ordinary income increased, resulting in divergent trends among the profit measures. - FY2025-H1WorsenedAnnual report
「Revenue increased by ¥2,758 million, or 2.7%, year on year to ¥106,745 million. Operating profit decreased by ¥9,286 million, or 46.3%, to ¥10,777 million; ordinary profit decreased by ¥9,394 million, or 43.7%, to ¥12,127 million; and interim net income attributable to owners of the parent decreased by ¥6,835 million, or 40.8%, to ¥9,935 million, resulting in higher revenue but lower profit.」
The company shifted from lower sales and earnings in the same period of the previous year to higher sales but lower earnings, with operating income, ordinary income and interim net income attributable to owners of the parent all declining substantially despite the increase in net sales. - FY2024-Q2WorsenedAnnual report
「Net sales declined by ¥7,631 million, or 6.8%, from the same period of the previous year to ¥103,986 million. Earnings also declined: operating income fell by ¥11,455 million, or 36.3%, to ¥20,064 million; ordinary income fell by ¥10,980 million, or 33.8%, to ¥21,521 million; and net income attributable to owners of the parent fell by ¥6,977 million, or 29.4%, to ¥16,771 million. The company posted lower sales and earnings.」
Following lower sales and earnings in the previous quarter, net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all declined in the cumulative first-half period. - FY2024-Q1WorsenedAnnual report
「Net sales declined by ¥1,651 million, or 3.0%, from the same period of the previous year to ¥53,512 million. Operating income declined by ¥4,027 million, or 26.0%, to ¥11,480 million; ordinary income declined by ¥3,904 million, or 24.9%, to ¥11,792 million; and net income attributable to owners of the parent declined by ¥2,374 million, or 21.0%, to ¥8,945 million.」
The company turned from higher sales and earnings in the same period of the previous year to lower sales and earnings in the current quarter, with net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all declining. - FY2023-Q3RestatedAnnual report
「Net sales increased by ¥12,724 million, or 8.4%, from the same period of the previous year to ¥164,488 million. Earnings also increased: operating income rose by ¥1,561 million, or 3.8%, to ¥42,956 million; ordinary income rose by ¥2,200 million, or 5.2%, to ¥44,811 million; and net income attributable to owners of the parent rose by ¥799 million, or 2.5%, to ¥32,471 million. The company posted higher sales and earnings.」
As in the previous quarter, net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year, and higher sales and earnings continued. - FY2023-Q2AdvancedAnnual report
「Net sales increased by ¥11,101 million, or 11.0%, from the same period of the previous year to ¥111,618 million. Earnings also increased: operating income rose by ¥3,422 million, or 12.2%, to ¥31,520 million; ordinary income rose by ¥3,857 million, or 13.5%, to ¥32,502 million; and net income attributable to owners of the parent rose by ¥2,407 million, or 11.3%, to ¥23,749 million. The company posted higher sales and earnings.」
Net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year, and higher sales and earnings continued. - FY2023-Q1AdvancedAnnual report
「Net sales increased by ¥8,135 million, or 17.3%, from the same period of the previous year to ¥55,163 million. Earnings also increased: operating income rose by ¥4,322 million, or 38.6%, to ¥15,507 million; ordinary income rose by ¥4,136 million, or 35.8%, to ¥15,697 million; and net income attributable to owners of the parent rose by ¥2,723 million, or 31.7%, to ¥11,320 million.」
Net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all increased year on year, and higher sales and earnings continued. - FY2022AdvancedAnnual report
「Earnings also increased: operating income rose by ¥22,664 million, or 66.0%, from the previous fiscal year to ¥56,983 million; ordinary income rose by ¥24,230 million, or 69.9%, to ¥58,879 million; and net income attributable to owners of the parent rose by ¥16,241 million, or 64.8%, to ¥41,295 million. As a result, both net sales and earnings reached record highs.」
The expansion from the higher sales and earnings through FY2021 continued, with net sales, operating income, ordinary income and income attributable to owners of the parent all reaching record highs. - FY2022-Q3AdvancedAnnual report
「Net sales increased by ¥29,897 million, or 24.5%, from the same period of the previous year to ¥151,763 million. Earnings also increased: operating income rose by ¥17,905 million, or 76.2%, to ¥41,394 million; ordinary income rose by ¥19,021 million, or 80.6%, to ¥42,611 million; and net income attributable to owners of the parent rose by ¥13,790 million, or 77.1%, to ¥31,672 million. The company posted higher sales and earnings.」
The company progressed further from the previous quarter’s higher sales and earnings, with net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent increasing substantially. - FY2022-Q2AdvancedAnnual report
「Net sales increased by ¥21,174 million, or 26.7%, from the same period of the previous year to ¥100,516 million. Earnings also increased: operating income rose by ¥13,705 million, or 95.2%, to ¥28,097 million; ordinary income rose by ¥14,248 million, or 99.0%, to ¥28,645 million; and net income attributable to owners of the parent rose by ¥10,556 million, or 97.9%, to ¥21,341 million. The company posted higher sales and earnings.」
The company progressed further from the previous quarter’s higher sales and earnings, with net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent increasing substantially. - FY2022-Q1AdvancedAnnual report
「Net sales increased by ¥10,598 million, or 29.1%, from the same period of the previous year to ¥47,028 million. Earnings also increased: operating income rose by ¥5,999 million, or 115.7%, to ¥11,185 million; ordinary income rose by ¥6,535 million, or 130.1%, to ¥11,561 million; and net income attributable to owners of the parent rose by ¥4,663 million, or 118.6%, to ¥8,596 million.」
The mixed performance in the first quarter of the previous fiscal year, with higher sales and operating income but lower ordinary income and net income, advanced to substantially higher sales and earnings in the first quarter of the current fiscal year, with all four metrics increasing. - FY2021AdvancedAnnual report
「Net sales increased by ¥28,774 million, or 20.5%, from the previous fiscal year to ¥169,026 million. Earnings also increased: operating income rose by ¥12,565 million, or 57.8%, to ¥34,318 million; ordinary income rose by ¥11,956 million, or 52.7%, to ¥34,648 million; and net income attributable to owners of the parent rose by ¥8,529 million, or 51.6%, to ¥25,053 million. Both net sales and earnings reached record highs.」
The company turned from lower sales and earnings through FY2020, with net sales, operating income, ordinary income and income attributable to owners of the parent all increasing. - FY2021-Q3RestatedAnnual report
「Net sales increased by ¥18,611 million, or 18.0%, from the same period of the previous year to ¥121,866 million. Earnings also increased: operating income rose by ¥7,388 million, or 45.9%, to ¥23,488 million; ordinary income rose by ¥6,924 million, or 41.6%, to ¥23,589 million; and net income attributable to owners of the parent rose by ¥5,705 million, or 46.9%, to ¥17,881 million. The company posted higher sales and earnings.」
The company again posted higher sales and earnings, with net sales, operating income, ordinary income and income attributable to owners of the parent all exceeding the same period of the previous year. The growth rates were 18.0% for net sales, 45.9% for operating income, 41.6% for ordinary income and 46.9% for net income. - FY2021-Q2Turnaround from declining revenue and earnings to revenue and earnings growthAnnual report
「Net sales increased by ¥6,366 million, or 8.7%, from the same period of the previous year to ¥79,342 million. Earnings also increased: operating income rose by ¥2,164 million, or 17.7%, to ¥14,392 million; ordinary income rose by ¥1,800 million, or 14.3%, to ¥14,396 million; and net income attributable to owners of the parent rose by ¥1,781 million, or 19.8%, to ¥10,784 million. The company posted higher sales and earnings.」
The company turned from lower sales and earnings in the same period of the previous year to higher sales and earnings, with net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all increasing. - FY2021-Q1Higher revenue and operating profit, but lower ordinary profit and net incomeAnnual report
「For the first quarter of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥1,937 million, or 5.6%, from the same period of the previous year to ¥36,430 million. Operating income increased by ¥171 million, or 3.4%, to ¥5,185 million, while ordinary income declined by ¥148 million, or 2.9%, to ¥5,025 million and net income attributable to owners of the parent declined by ¥17 million, or 0.5%, to ¥3,932 million.」
Following lower sales and earnings in the same period of the previous year, net sales and operating income turned to growth, while ordinary income and quarterly net income attributable to owners of the parent declined. - FY2020WorsenedAnnual report
「Net sales declined by ¥5,660 million, or 3.9%, from the previous fiscal year to ¥140,251 million. Earnings also declined: operating income fell by ¥3,650 million, or 14.4%, to ¥21,752 million; ordinary income fell by ¥3,584 million, or 13.6%, to ¥22,692 million; and net income attributable to owners of the parent fell by ¥3,395 million, or 17.0%, to ¥16,523 million. Regrettably, the company posted lower sales and earnings.」
The quarterly trend of lower sales and earnings was confirmed for the full fiscal year, with net sales, operating income, ordinary income and net income attributable to owners of the parent all below the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「Net sales declined by ¥4,769 million, or 4.4%, from the same period of the previous year to ¥103,254 million. Earnings also declined: operating income fell by ¥3,278 million, or 16.9%, to ¥16,100 million; ordinary income fell by ¥3,326 million, or 16.6%, to ¥16,664 million; and net income attributable to owners of the parent fell by ¥3,062 million, or 20.1%, to ¥12,175 million.」
The trend of lower sales and earnings through the previous quarter continued, with net sales, operating income, ordinary income and income attributable to owners of the parent all declining. - FY2020-Q2WorsenedAnnual report
「Net sales declined by ¥1,437 million, or 1.9%, from the same period of the previous year to ¥72,975 million. Earnings also declined: operating income fell by ¥1,779 million, or 12.7%, to ¥12,228 million; ordinary income fell by ¥1,753 million, or 12.2%, to ¥12,596 million; and net income attributable to owners of the parent fell by ¥1,874 million, or 17.2%, to ¥9,003 million.」
Following the previous quarter’s slight decline in sales and lower earnings, net sales declined by 1.9% in the current quarter, while operating income, ordinary income and net income attributable to owners of the parent continued to decline. - FY2020-Q1WorsenedAnnual report
「Net sales declined by ¥1,207 million, or 3.4%, from the same period of the previous year to ¥34,492 million. Earnings also declined: operating income fell by ¥1,002 million, or 16.7%, to ¥5,014 million; ordinary income fell by ¥1,031 million, or 16.6%, to ¥5,173 million; and net income attributable to owners of the parent fell by ¥922 million, or 18.9%, to ¥3,949 million.」
Following slight sales growth and lower earnings in the previous quarter, sales also declined in the current quarter, while the declines in operating income, ordinary income and quarterly net income attributable to owners of the parent widened. - FY2019-Q3WorsenedAnnual report
「For the first 9 months of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥381 million, or 0.4%, from the same period of the previous year to ¥108,024 million. Operating income declined by ¥2,057 million, or 9.6%, to ¥19,379 million; ordinary income declined by ¥1,934 million, or 8.8%, to ¥19,991 million; and net income attributable to owners of the parent declined by ¥774 million, or 4.8%, to ¥15,237 million.」
Net sales increased slightly, while operating income, ordinary income and quarterly net income attributable to owners of the parent all declined. The year-on-year decline in earnings widened. - FY2019-Q2RestatedAnnual report
「For the first half of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥1,338 million, or 1.8%, from the same period of the previous year to ¥74,413 million. Operating income declined by ¥928 million, or 6.2%, to ¥14,007 million and ordinary income declined by ¥808 million, or 5.3%, to ¥14,350 million, while net income attributable to owners of the parent increased by ¥65 million, or 0.6%, to ¥10,877 million.」
As in the previous quarter, the results were mixed: net sales increased, operating income and ordinary income declined, and quarterly net income attributable to owners of the parent increased. - FY2019-Q1A mixed performance emerged, with higher net sales and net income but lower operating income and ordinary incomeAnnual report
「Net sales increased by ¥1,417 million, or 4.1%, from the same period of the previous year to ¥35,700 million. On the earnings front, operating income declined by ¥112 million, or 1.8%, to ¥6,017 million and ordinary income declined by ¥97 million, or 1.6%, to ¥6,205 million, while net income attributable to owners of the parent increased by ¥228 million, or 4.9%, to ¥4,871 million.」
After record-high net sales and earnings in the previous full fiscal year, the current quarter saw higher net sales and net income attributable to owners of the parent, while operating income and ordinary income declined. - FY2018Net sales and earnings both reached record highsAnnual report
「Net sales increased by ¥13,842 million, or 10.6%, from the same period of the previous year to ¥144,338 million. Earnings also increased: operating income rose by ¥4,414 million, or 19.3%, to ¥27,263 million; ordinary income rose by ¥4,050 million, or 16.8%, to ¥28,088 million; and net income attributable to owners of the parent rose by ¥3,444 million, or 19.4%, to ¥21,222 million. As a result, both net sales and earnings reached record highs.」
The previous pattern of slight sales growth and lower earnings ended, with net sales, operating income, ordinary income and net income attributable to owners of the parent all increasing in the current period. Both net sales and earnings reached record highs. - FY2018-Q3RestatedAnnual report
「For the first 9 months of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥11,697 million, or 12.2%, from the same period of the previous year to ¥107,642 million. Earnings also increased: operating income rose by ¥5,034 million, or 30.5%, to ¥21,518 million; ordinary income rose by ¥4,547 million, or 26.0%, to ¥22,007 million; and net income attributable to owners of the parent rose by ¥2,592 million, or 19.7%, to ¥15,730 million.」
As in the previous quarter, net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2018-Q2RestatedAnnual report
「For the first half of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥8,121 million, or 12.5%, from the same period of the previous year to ¥73,074 million. Earnings also increased: operating income rose by ¥3,833 million, or 34.3%, to ¥14,995 million; ordinary income rose by ¥3,239 million, or 27.0%, to ¥15,217 million; and net income attributable to owners of the parent rose by ¥1,511 million, or 17.0%, to ¥10,429 million.」
As in the previous period, net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2017-Q3RestatedAnnual report
「For the first 9 months of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥4,787 million, or 5.3%, from the same period of the previous year to ¥95,945 million. Earnings also increased: operating income rose by ¥755 million, or 4.8%, to ¥16,483 million; ordinary income rose by ¥2,020 million, or 13.1%, to ¥17,459 million; and net income attributable to owners of the parent rose by ¥2,013 million, or 18.1%, to ¥13,138 million.」
As in the previous quarter, net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2017-Q2Net sales and earnings both turned to year-on-year growthAnnual report
「For the first half of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥2,110 million, or 3.4%, from the same period of the previous year to ¥64,953 million. Earnings also increased: operating income rose by ¥60 million, or 0.5%, to ¥11,161 million; ordinary income rose by ¥789 million, or 7.1%, to ¥11,978 million; and net income attributable to owners of the parent rose by ¥1,035 million, or 13.1%, to ¥8,917 million.」
The previous pattern of higher net sales but lower earnings changed, with net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeding the same period of the previous year. - FY2017-Q1WorsenedAnnual report
「For the first quarter of the current fiscal year, the group’s consolidated results were as follows. Net sales increased by ¥158 million, or 0.5%, from the same period of the previous year to ¥29,981 million. On the earnings front, operating income declined by ¥723 million, or 14.4%, to ¥4,300 million; ordinary income declined by ¥307 million, or 6.0%, to ¥4,775 million; and net income attributable to owners of the parent declined by ¥114 million, or 3.1%, to ¥3,621 million.」
Net sales continued to increase, while operating income, ordinary income and net income attributable to owners of the parent all declined. Operating income fell by 14.4%. - FY2016-Q3First statedAnnual report
「Net sales were ¥91,157 million, an increase of ¥879 million, or 1.0%, from the same period of the previous year. On the earnings front, operating income declined by ¥2,482 million, or 13.6%, to ¥15,727 million; ordinary income declined by ¥3,860 million, or 20.0%, to ¥15,439 million; and net income attributable to owners of the parent declined by ¥1,911 million, or 14.7%, to ¥11,124 million.」
For the consolidated cumulative period, company-wide results show quantitatively that net sales increased while operating income, ordinary income and net income attributable to owners of the parent declined.