Deterioration in earnings due to declining demand and a market slump
First written in FY2016. 18 of 38 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Futaba moved to the "Worse" side of this theme in 2016.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As a result, net sales for the fiscal year were ¥4,282 million, down 10.7% from the previous fiscal year. In terms of earnings, the operating loss was ¥228 million, compared with an operating loss of ¥129 million in the previous fiscal year.」
Against a backdrop of deteriorating demand and market conditions, net sales decreased 10.7% from the previous fiscal year and the operating loss widened from ¥129 million to ¥228 million. Net income returned to profitability due to gains on the sale of fixed assets, but operating performance continued to deteriorate. - FY2026-H1WorsenedAnnual report
「As a result, business performance for the interim consolidated accounting period was as follows. (Unit: ¥ million) Previous interim consolidated accounting period Current interim consolidated accounting period Change (%) Net sales 24,568 20,953 -14.7 Operating loss (△) △474 △1,125 - Ordinary loss (△) △357 △860 - Net loss attributable to owners of the parent (△) △1,273 △710 -」
Against a backdrop of deteriorating demand and market conditions, net sales decreased 14.7% year on year and the operating loss widened from ¥474 million to ¥1,125 million. The interim net loss attributable to owners of the parent narrowed, but operating performance deteriorated. - FY2025WorsenedAnnual report
「As a result, net sales for the fiscal year were ¥4,816 million, down 14.6% from the previous fiscal year. In terms of earnings, the operating loss was ¥1,292 million, compared with an operating loss of ¥1,141 million in the previous fiscal year.」
While the net loss attributable to owners of the parent narrowed due to structural reforms, net sales decreased 14.6% and the operating loss widened from ¥1,141 million to ¥1,292 million, as earnings deteriorated amid declining demand and a sluggish market. - FY2025-H1Lower sales alongside a narrower operating lossAnnual report
「Net sales 29,061 24,568 -15.5 Operating loss (△) △1,172 △474 - Net loss attributable to owners of the parent (△) △3,059 △1,273 -」
Company-wide net sales decreased 15.5% year on year, with electronic equipment down 34.0% and production equipment down 0.2%, while operating loss and interim net loss attributable to owners of the parent narrowed from the same period of the previous year due to structural reforms and other measures. The impact of declining demand and the termination of certain businesses was noted for composite modules, industrial radio controls and touch sensors. - FY2024-Q3Lower sales and a narrower operating loss alongside a wider net lossAnnual report
「Sales 45,147 42,251 △6.4 Operating loss (△) △1,858 △1,138 − Ordinary loss (△) △820 △24 − Quarterly net loss attributable to owners of the parent (△) △2,704 △3,438 −」
Sales decreased 6.4% year on year, while the operating and ordinary losses narrowed. The quarterly net loss attributable to owners of the parent widened from ¥2.704 billion to ¥3.438 billion, and impairment losses of ¥939 million and a business restructuring loss of ¥2.042 billion were recorded. - FY2024-Q2WorsenedAnnual report
「As a result, performance for the cumulative second quarter of the current consolidated fiscal year was as follows. (Unit: millions of yen) Cumulative second quarter of the previous consolidated fiscal year Cumulative second quarter of the current consolidated fiscal year Change rate (%) Sales 29,519 29,061 △1.6 Operating loss (△) △1,474 △1,172 − Ordinary profit 6 14 136.0 Quarterly net loss attributable to owners of the parent (△) △1,371 △3,059 −」
Sales decreased 1.6% year on year and the operating loss narrowed, while the quarterly net loss attributable to owners of the parent widened from ¥1.371 billion to ¥3.059 billion. An impairment loss of ¥908 million and a business restructuring loss of ¥1.947 billion were also recorded, with deterioration in demand and earnings occurring alongside structural reform costs. - FY2024-Q1Lower sales and a wider net loss alongside a narrower operating lossAnnual report
「Sales 14,007 13,856 △1.1 Operating loss (△) △1,048 △892 − Ordinary loss (△) △111 △146 − Quarterly net loss attributable to owners of the parent (△) △936 △1,211 −」
Sales decreased 1.1% year on year and the operating loss narrowed, while the ordinary loss and quarterly net loss attributable to owners of the parent widened. Impairment losses also increased from ¥534 million in the same period of the previous year to ¥662 million, as deterioration in earnings and asset values due to demand and market conditions continued. - FY2023WorsenedAnnual report
「As a result, sales for the current fiscal year were ¥60.326 billion, up 12.9% from the previous fiscal year. In terms of earnings, the operating loss was ¥2.387 billion, compared with an operating loss of ¥1.863 billion in the previous fiscal year. The ordinary loss was ¥1.134 billion, compared with an ordinary loss of ¥654 million, and the net loss attributable to owners of the parent was ¥3.499 billion due to the recognition of impairment losses, compared with a net loss attributable to owners of the parent of ¥2.668 billion in the previous fiscal year.」
Although sales increased 12.9%, the operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the previous fiscal year, with demand recovery occurring alongside deteriorating profitability. - FY2023-Q3WorsenedAnnual report
「Sales 39,299 45,147 14.9 Operating loss (△) △1,335 △1,858 − Ordinary loss (△) △727 △820 − Quarterly net loss attributable to owners of the parent (△) △1,839 △2,704 − Impairment loss ※ 771 ※ 1,087」
Although sales increased 14.9% year on year, the operating loss widened from ¥1.335 billion to ¥1.858 billion, and the quarterly net loss attributable to owners of the parent widened from ¥1.839 billion to ¥2.704 billion. Impairment losses also increased from ¥771 million to ¥1.087 billion, with demand recovery occurring alongside deterioration in earnings and asset values. - FY2023-Q2Recovery in sales alongside widening losses and impairment lossesAnnual report
「Sales 26,190 29,519 12.7 Operating loss (△) △788 △1,474 − Ordinary profit or ordinary loss (△) △483 6 − Quarterly net loss attributable to owners of the parent (△) △1,189 △1,371 −」
Although sales increased 12.7% year on year, the operating loss widened from ¥788 million to ¥1.474 billion, and the quarterly net loss attributable to owners of the parent also widened. An impairment loss of ¥833 million was recorded due to declining profitability, with demand recovery and deteriorating performance occurring concurrently. - FY2023-Q1WorsenedAnnual report
「For production equipment related to electronic devices, production equipment related to production equipment, the head office and other assets, the company reduced their carrying amounts to recoverable amounts after examining recoverability in light of the business environment and future outlook.」
Although sales increased 3.7% year on year, the operating loss widened from ¥80 million in the same period of the previous year to ¥1.048 billion, and the quarterly net loss attributable to owners of the parent was ¥936 million. An impairment loss of ¥534 million was also recorded against a backdrop of the business environment and declining profitability. - FY2022MitigatedAnnual report
「As a result, sales for the current fiscal year were ¥53.45 billion, up 9.5% from the previous fiscal year. In terms of earnings, the operating loss was ¥1.863 billion, compared with an operating loss of ¥3.517 billion in the previous fiscal year, narrowing the deficit.」
Although deteriorating performance due to weak demand remained and the operating deficit continued, sales increased 9.5% and the operating loss narrowed from ¥3.517 billion to ¥1.863 billion. - FY2022-Q3MitigatedAnnual report
「Sales 35,478 39,299 10.8 Operating loss (△) △2,666 △1,335 Ordinary loss (△) △2,314 △727 Quarterly net loss attributable to owners of the parent (△) △3,929 △1,839」
Sales increased 10.8% year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed, easing the impact of deteriorating performance due to weak demand. Meanwhile, an impairment loss of ¥771 million was also recorded due to declining profitability. - FY2022-Q2MitigatedAnnual report
「Sales 22,922 26,190 14.3 Operating loss (△) △2,037 △788」
Although the effects of market deterioration and weak demand remained, sales increased 14.3% year on year and the operating loss narrowed from ¥2.037 billion to ¥788 million. The impact of deteriorating performance due to lower demand eased compared with the same quarter of the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「Sales 11,032 13,512 22.5 Operating loss (△) △1,096 △80 − Ordinary profit or ordinary loss (△) △947 77 − Quarterly net profit or quarterly net loss attributable to owners of the parent (△) △1,589 63 −」
Against a backdrop of market recovery, sales increased 22.5% year on year, the operating loss narrowed from ¥1.096 billion to ¥80 million, and ordinary profit or loss and quarterly profit or loss attributable to owners of the parent improved from losses to profits. The impact of deteriorating performance due to weak demand eased during the quarter. - FY2021Full-year sales declined and losses continued, but the loss amounts and impairment losses narrowedAnnual report
「As a result, sales for the current fiscal year were ¥48.826 billion, down 14.7% from the previous fiscal year. In terms of earnings, the operating loss was ¥3.517 billion, compared with an operating loss of ¥3.698 billion in the previous fiscal year, and the ordinary loss was ¥2.513 billion, compared with an ordinary loss of ¥3.304 billion. The net loss attributable to owners of the parent was ¥5.43 billion, due to the recognition of impairment losses, compared with a net loss attributable to owners of the parent of ¥10.118 billion in the previous fiscal year.」
Although the 14.7% decline in sales and losses caused by deteriorating market conditions continued, the operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the previous fiscal year. Impairment losses also decreased from ¥5.802 billion to ¥1.715 billion. - FY2021-Q3WorsenedAnnual report
「As a result, performance for the cumulative third quarter of the current consolidated fiscal year was as follows. Sales 44,236 35,478 △19.8 Operating loss (△) △1,394 △2,666 Ordinary loss (△) △1,203 △2,314 Quarterly net loss attributable to owners of the parent (△) △5,312 △3,929」
The impact of market deterioration and weak demand continued, resulting in sales down 19.8% year on year, an operating loss of ¥2.666 billion, and an ordinary loss of ¥2.314 billion. The operating loss also widened compared with the cumulative previous quarter. - FY2021-Q2WorsenedAnnual report
「For touch sensors, orders for core automotive applications continued to decline due to the effects of commoditization and customer shutdowns caused by the spread of COVID-19, and sales fell below the same period of the previous year. In Japan, equipment for mold and press dies remained sluggish as market weakness continued in the automotive and capital investment sectors. Sales of molding rationalization equipment also stagnated, and sales fell below the same period of the previous year.」
Demand remained weak across multiple areas, including automotive touch sensors and production equipment, resulting in company-wide sales of ¥22.922 billion, down 23.1% year on year, and an operating loss of ¥2.037 billion. Downward pressure on earnings from market deterioration continued. - FY2021-Q1WorsenedAnnual report
「As a result, sales for the cumulative first quarter of the current consolidated fiscal year were ¥11.032 billion, down 26.4% year on year. In terms of earnings, the operating loss was ¥1.096 billion, compared with an operating loss of ¥572 million in the same period of the previous year, and the ordinary loss was ¥947 million, compared with an ordinary loss of ¥640 million. The quarterly net loss attributable to owners of the parent was ¥1.589 billion, compared with a quarterly net loss attributable to owners of the parent of ¥761 million in the same period of the previous year.」
The impact of deteriorating market conditions worsened further from the previous quarter, resulting in sales down 26.4%, an operating loss of ¥1.096 billion, an ordinary loss of ¥947 million, and a quarterly net loss attributable to owners of the parent of ¥1.589 billion. - FY2020-Q3WorsenedAnnual report
「All applications remained weak, and sales fell below the same period of the previous year. As a result, sales for the cumulative third quarter of the current consolidated fiscal year were ¥44.236 billion, down 12.3% year on year. In terms of earnings, the operating loss was ¥1.394 billion, compared with an operating loss of ¥54 million in the same period of the previous year. The ordinary loss was ¥1.203 billion, compared with ordinary profit of ¥886 million, while the quarterly net loss attributable to owners of the parent was ¥5.312 billion, due to the recognition of impairment losses, compared with a quarterly net loss attributable to owners of the parent of ¥1.382 billion in the same period of the previous year. Impairment losses for the cumulative third quarter of the current consolidated fiscal year were ¥3,656 million.」
Fluorescent display tubes remained weak across all applications, resulting in company-wide sales down 12.3% year on year, an operating loss of ¥1.394 billion, a quarterly net loss attributable to owners of the parent of ¥5.312 billion, and impairment losses of ¥3.656 billion. The impact of weak demand and deteriorating performance expanded further from the previous quarter. - FY2020-Q2MaterialisedAnnual report
「As a result, sales for the cumulative second quarter of the current consolidated fiscal year were ¥29.807 billion, down 10.9% year on year. In terms of earnings, the operating loss was ¥760 million, compared with operating profit of ¥11 million in the same period of the previous year. The ordinary loss was ¥730 million, compared with ordinary profit of ¥908 million, while the quarterly net loss attributable to owners of the parent was ¥4.561 billion, due partly to the recognition of impairment losses, compared with quarterly net profit attributable to owners of the parent of ¥460 million in the same period of the previous year.」
The deteriorating market and weak demand resulted in sales down 10.9%, an operating loss of ¥760 million, and a quarterly net loss attributable to owners of the parent of ¥4.561 billion. An impairment loss of ¥3.523 billion was also recorded. - FY2020-Q1WorsenedAnnual report
「As a result, sales for the cumulative first quarter of the current consolidated fiscal year were ¥14.993 billion, down 7.7% year on year. In terms of earnings, the operating loss was ¥572 million, compared with an operating loss of ¥267 million in the same period of the previous year, and the ordinary loss was ¥640 million, compared with ordinary profit of ¥375 million. The quarterly net loss attributable to owners of the parent was ¥761 million, compared with quarterly net profit attributable to owners of the parent of ¥142 million in the same period of the previous year.」
Weak demand across multiple products resulted in sales down 7.7% year on year, an operating loss of ¥572 million, an ordinary loss of ¥640 million, and a quarterly net loss attributable to owners of the parent of ¥761 million. - FY2019MaterialisedAnnual report
「Ordinary profit was ¥1.46 billion, up 46.4% from the previous fiscal year, while the net loss attributable to owners of the parent was ¥16.015 billion due to the recognition of impairment losses, compared with net profit attributable to owners of the parent of ¥1.179 billion in the previous fiscal year.」
Weak demand and the business environment resulted in impairment losses of ¥17.287 billion and a net loss attributable to owners of the parent of ¥16.015 billion. - FY2019-Q3WorsenedAnnual report
「As a result, sales for the cumulative third quarter of the current consolidated fiscal year were ¥50.465 billion, down 3.2% year on year. In terms of earnings, the operating loss was ¥54 million, compared with operating profit of ¥390 million in the same period of the previous year. Ordinary profit was ¥886 million, down 19.1% year on year, while the quarterly net loss attributable to owners of the parent was ¥1.382 billion, due to the recognition of impairment losses, compared with quarterly net profit attributable to owners of the parent of ¥2.147 billion in the same period of the previous year.」
Amid continued weak product-specific demand, sales decreased 3.2% year on year, and operating profit or loss swung from profit in the same period of the previous year to a loss of ¥54 million. The recognition of ¥2.284 billion in impairment losses resulted in a quarterly net loss attributable to owners of the parent of ¥1.382 billion. Losses re-emerged after overall performance had improved through the previous quarter, and the impact worsened. - FY2019-Q2Continued product-specific demand weakness alongside a sharp decline in company-wide operating profitAnnual report
「Sales fell below the same period of the previous year because demand for both automotive and audio applications declined. Although automotive applications were at the same level as the same period of the previous year, sales fell below that period because demand for both video and communications equipment applications declined. As a result, sales for the cumulative second quarter of the current consolidated fiscal year were ¥33.439 billion, down 3.1% year on year. In terms of earnings, operating profit was ¥11 million, down 94.2% year on year.」
Product-specific demand remained weak for fluorescent display tubes, organic EL products and other products, while company-wide sales decreased 3.1% year on year and operating profit fell 94.2%. As the effects of weak demand and deteriorating performance have materialized, quantified and materialized are set to true. - FY2019-Q1Continued product-specific demand weakness alongside lower company-wide sales and improved earningsAnnual report
「Sales fell below the same period of the previous year because demand for both automotive and audio applications declined. Although automotive applications grew, sales fell below the same period of the previous year because video and communications equipment applications declined. Sales fell below the same period of the previous year because core applications for truck cranes and agriculture-related applications remained sluggish.」
Demand remained weak for fluorescent display tubes, organic EL products and industrial radio-control equipment, among others, and company-wide sales decreased 3.9% year on year. Meanwhile, ordinary profit or loss and quarterly profit or loss attributable to owners of the parent improved from losses in the same period of the previous year to profits. - FY2018Overall performance recovery alongside continued product-specific weaknessAnnual report
「As a result, sales for the current consolidated fiscal year were ¥69.353 billion, up 8.1% from the previous fiscal year. In terms of earnings, operating profit was ¥726 million, compared with an operating loss of ¥384 million in the previous fiscal year. Ordinary profit was ¥997 million, compared with an ordinary loss of ¥321 million, and net profit attributable to owners of the parent was ¥1.179 billion, compared with a net loss attributable to owners of the parent of ¥2.371 billion in the previous fiscal year.」
Although weakness remained in automotive organic EL products, some fluorescent display tube applications, and POS applications, full-year sales increased 8.1%, and operating, ordinary and profit or loss attributable to owners of the parent all improved from losses in the previous fiscal year to profits. - FY2018-Q3Product-specific demand remains weak while overall performance continues to improveAnnual report
「Demand for fluorescent display tubes in automotive and audio applications declined, automotive demand for organic EL displays fell sharply, and POS applications for composite modules remained sluggish. Meanwhile, sales for the cumulative third quarter of the current consolidated fiscal year were ¥52.117 billion, up 8.9% year on year, operating profit was ¥390 million, and quarterly net profit attributable to owners of the parent was ¥2.147 billion.」
Although weak demand continued for fluorescent display tubes, automotive organic EL products and POS applications, among others, sales increased 8.9%, and operating profit or loss and profit or loss attributable to owners of the parent improved from losses in the same period of the previous year to profits. - FY2018-Q2Product-specific demand remains weak while overall performance improvesAnnual report
「As a result, sales for the cumulative second quarter of the current consolidated fiscal year were ¥34.521 billion, up 6.8% year on year. In terms of earnings, operating profit was ¥189 million, compared with an operating loss of ¥96 million in the same period of the previous year; ordinary profit was ¥660 million, compared with an ordinary loss of ¥1.155 billion; and quarterly net profit attributable to owners of the parent was ¥452 million, compared with a quarterly net loss attributable to owners of the parent of ¥1.835 billion in the same period of the previous year.」
Although weakness continued in fluorescent display tube automotive applications, automotive organic EL products, and POS applications for composite modules, among others, company-wide sales increased 6.8%, and operating, ordinary and profit attributable to owners of the parent all improved from losses to profits compared with the same period of the previous year. - FY2018-Q1Continued weak demand by product and recovery in overall performanceAnnual report
「Sales fell below the same period of the previous year due to lower demand for automotive and video applications.」
Demand remained weak for fluorescent display tubes, automotive organic EL products, and POS applications for composite modules. Meanwhile, company-wide sales increased 5.0% year on year, and the quarterly net loss attributable to owners of the parent narrowed from ¥1,362 million to ¥355 million, while the operating loss widened from ¥249 million to ¥481 million. - FY2017MaterialisedAnnual report
「As a result, sales for the current consolidated fiscal year were ¥64.157 billion, down 8.1% from the previous fiscal year. In terms of earnings, the operating loss was ¥384 million, the ordinary loss was ¥321 million, and the net loss attributable to owners of the parent was ¥2.371 billion, due mainly to the recognition of impairment losses and business restructuring losses.」
Lower demand and market weakness resulted in an 8.1% decline in full-year sales, operating and ordinary losses, a net loss attributable to owners of the parent of ¥2,371 million, and impairment losses of ¥570 million, among other effects. - FY2017-Q3WorsenedAnnual report
「As a result, sales for the cumulative third quarter of the current consolidated fiscal year were ¥47.838 billion, down 8.4% year on year. Overseas sales were ¥30.395 billion, down 5.5%, while domestic sales were ¥17.443 billion, down 13.0%.」
The impact of weak demand continued, with sales down 8.4% year on year. Operating loss was ¥189 million, and the quarterly net loss attributable to owners of the parent was ¥592 million. - FY2017-Q2WorsenedAnnual report
「As a result, sales for the cumulative second quarter of the current consolidated fiscal year were ¥32.308 billion, down 8.0% year on year. Overseas sales were ¥20.5 billion, down 5.6%, while domestic sales were ¥11.807 billion, down 12.0%.」
The impact of weak demand continued, with sales down 8.0% year on year, the electronic equipment business down 15.4%, and the production equipment business down 12.1%. - FY2017-Q1WorsenedAnnual report
「Sales of fluorescent display tubes, for which demand is trending downward, continued to decline from the same period of the previous year. Sales of fluorescent display tube modules also fell below the same period of the previous year, as strong contract manufacturing operations in the United States were offset by sluggish growth in their core POS applications.」
Declining sales of fluorescent display tubes continued, compounded by weak demand for POS applications, wearables and other products. Group-wide sales decreased 8.1% year on year, and the net loss attributable to owners of the parent was ¥1,362 million. - FY2016First statedAnnual report
「Sales of fluorescent display tubes, for which demand is trending downward, decreased from the previous fiscal year. Although organic EL displays grew steadily in automotive applications, sales fell below the previous fiscal year as demand for communications equipment applications, including wearable products, was affected by weak demand.」
The electronic equipment business and overseas production equipment were also affected by market weakness. In the current fiscal year, the company recorded an impairment loss of ¥2.016 billion and a net loss attributable to owners of the parent of ¥1.946 billion.