FY2017 Revenue and Profit Decline and Lower Profit Margins
First written in FY2017. . Latest entry: FY2026.
- FY2026All profit measures reached record highsAnnual report
「Consolidated net sales reached a record ¥27,995 million, up 2.4% year on year. As for earnings, operating income was ¥2,529 million, up 27.1% year on year; ordinary income was ¥2,961 million, up 64.8%; and net income attributable to owners of the parent was ¥1,990 million, up 66.6%. Each profit item also reached a record high.」
Building on the previous fiscal year’s record sales and higher operating income, sales, operating income, ordinary income and net income attributable to owners of the parent all reached record highs. - FY2025-H1Interim revenue and operating profit growth, lower ordinary profit and higher net incomeAnnual report
「As a result, consolidated net sales for the interim consolidated accounting period were ¥12,838 million, up 0.7% from the same period of the previous year. As for earnings, operating profit was ¥562 million, up 35.6% year on year, reflecting progress in passing higher costs through to product prices and the results of initiatives to improve productivity. Ordinary profit declined 4.2% year on year to ¥444 million due to foreign exchange losses caused by the rapid appreciation of the yen, among other factors. However, interim net profit attributable to owners of the parent rose 129.9% year on year to ¥230 million, owing to a decrease in extraordinary losses recorded in the same period of the previous year.」
Revenue and operating profit increased year on year, and interim profit attributable to owners of the parent also increased, but ordinary profit declined due to foreign exchange losses. - FY2024Full-year record revenue, higher operating profit and lower net incomeAnnual report
「Consolidated revenue for the fiscal year was ¥26,305 million, up 0.7% year on year. In terms of earnings, operating profit was ¥1,098 million, up 17.2%, ordinary profit was ¥1,120 million, down 8.4%, and profit attributable to owners of the parent was ¥182 million, down 76.1%.」
Following the trend through the nine months ended the third quarter of the previous fiscal year, which saw record revenue and lower operating profit, full-year revenue and operating profit increased, while profit attributable to owners of the parent declined. - FY2024-Q3Third-quarter record revenue, operating profit increase and net profit declineAnnual report
「As a result, consolidated revenue for the nine months ended was ¥19,718 million, up 1.2% year on year and a record high for a nine-month period, following the record set in the prior year. Operating profit was ¥752 million, up 50.2% year on year, and ordinary profit was ¥724 million, up 7.1%, due to progress in passing soaring material prices through to product selling prices and other factors. However, quarterly net profit attributable to owners of the parent was ¥199 million, down 48.1%, due to advisory fees related to the review of capital policy recognized as an extraordinary loss during the first-quarter consolidated accounting period.」
Revenue for the nine months ended the third quarter reached a new record, and operating profit and ordinary profit exceeded the same period of the previous year. However, profit attributable to owners of the parent declined due to the recognition of extraordinary losses for advisory fees. - FY2024-Q1First-quarter revenue growth, return to operating profitability and net lossAnnual report
「As a result, consolidated revenue for the three months ended the first quarter was ¥6,151 million, up 3.8% year on year. In terms of earnings, despite the continued impact of higher material prices, progress in passing higher costs through to product prices resulted in operating profit of ¥52 million, compared with an operating loss of ¥103 million in the same period of the previous year.」
Following revenue decline and an operating loss in the same period of the previous year, revenue increased in the first quarter and operating profit returned to a profit of ¥52 million. However, a net loss attributable to owners of the parent for the quarter of ¥99 million was recorded due to extraordinary losses. - FY2023-Q3Third-quarter record revenue and lower operating profitAnnual report
「Consolidated revenue for the nine months ended the third quarter was ¥19,492 million, up 12.2% year on year, setting a new record for the nine-month period ended the third quarter.」
Revenue for the nine months ended the third quarter reached a new record, but operating profit was ¥501 million, down 30.7% year on year. - FY2023-Q2Second-quarter revenue growth, operating profit decline and net profit declineAnnual report
「As a result, consolidated net sales for the cumulative second quarter of the current fiscal year amounted to ¥12,457 million, up 14.0% year on year. In terms of earnings, operating income was ¥135 million, down 55.7% year on year, as soaring material and electricity costs continued and the pass-through of these increases to product prices necessarily lagged behind.」
Following revenue and profit growth in the same period of the previous year, revenue growth was maintained for the six months ended the second quarter, while operating profit declined sharply. - FY2023-Q1Revenue growth and a shift to an operating lossAnnual report
「In terms of earnings, amid continued increases in material prices, the company was unable to pass higher costs through to product prices quickly enough, resulting in an operating loss of ¥103 million, compared with operating profit of ¥188 million in the same period of the previous year. Although foreign exchange gains increased due to the weaker yen under non-operating income, ordinary profit was ¥57 million, down 75.1% year on year, and profit attributable to owners of the parent for the quarter was ¥50 million, down 68.9%.」
Operating results turned from operating profit of ¥188 million in the same period of the previous year to an operating loss of ¥103 million. Ordinary profit fell 75.1% year on year, and profit attributable to owners of the parent for the quarter fell 68.9%. - FY2022-Q3Continued shift to third-quarter revenue and operating profit growthAnnual report
「Operating profit was ¥722 million, up 108.1% year on year, ordinary profit was ¥963 million, up 53.2%, and profit attributable to owners of the parent for the quarter was ¥683 million, up 68.0%.」
Operating profit, ordinary profit and profit attributable to owners of the parent for the nine months ended the third quarter all increased from the same period of the previous year. - FY2022-Q2Continued shift to second-quarter revenue and profit growthAnnual report
「Operating profit was ¥305 million, up 233.0% year on year, ordinary profit was ¥369 million, up 148.5%, and profit attributable to owners of the parent for the quarter was ¥245 million, compared with ¥19 million in the same period of the previous year.」
Following the sharp profit decline in the same period of the previous year, operating profit, ordinary profit and profit attributable to owners of the parent for the six months ended the second quarter all increased. - FY2022-Q1Shift from lower sales and profits in the first quarter to higher sales and profitsAnnual report
「As a result, although sales in the power equipment systems business declined, consolidated net sales for the three months ended the first quarter increased 19.4% year on year to ¥5,388 million, driven by substantial growth in xEV capacitors in the capacitor and module business.」
Following revenue decline and an operating loss in the same period of the previous year, revenue increased due to growth in capacitors for xEVs, and operating profit returned to a profit of ¥188 million. - FY2021Shift to full-year revenue decline and lower operating profitAnnual report
「Consolidated revenue for the fiscal year was ¥21,827 million, down 7.5% year on year. In terms of earnings, operating profit was ¥698 million, down 40.9%, and ordinary profit was ¥1,109 million, down 19.1%.」
Following full-year revenue and profit growth in FY2020, FY2021 shifted to revenue decline and lower operating profit. - FY2021-Q3Continued revenue and profit declines in the third quarterAnnual report
「Consolidated revenue was ¥15,776 million, down 8.9% year on year. In terms of earnings, due to the decline in revenue, operating profit was ¥347 million, down 53.6% year on year, ordinary profit was ¥628 million, down 30.2%, and profit attributable to owners of the parent for the quarter was ¥406 million, down 1.2%.」
Following revenue and profit growth in the same period of the previous year, revenue declined for the nine months ended the third quarter, and operating profit, ordinary profit and profit attributable to owners of the parent for the quarter all fell below the previous year’s levels. - FY2021-Q2Second-quarter revenue decline and sharp profit decrease despite avoiding lossesAnnual report
「In terms of earnings, the decline in revenue resulted in operating profit of ¥91 million, down 78.0% year on year, ordinary profit of ¥148 million, down 71.8%, and profit attributable to owners of the parent for the quarter of ¥19 million, down 92.8%.」
Although the six months ended the second quarter remained profitable, as in the same period of the previous year, operating profit, ordinary profit and profit attributable to owners of the parent for the quarter all declined sharply due to the decrease in revenue. - FY2021-Q1Lower first-quarter revenue and a shift to a lossAnnual report
「In terms of earnings, due to the decline in revenue, operating loss was ¥87 million, compared with operating profit of ¥126 million in the same period of the previous year, ordinary loss was ¥60 million, compared with ordinary profit of ¥159 million, and net loss attributable to owners of the parent for the quarter was ¥169 million, compared with profit attributable to owners of the parent of ¥4 million.」
Following revenue growth and lower operating profit in FY2020-Q1, FY2021-Q1 saw operating profit, ordinary profit and profit attributable to owners of the parent for the quarter all turn to losses as revenue declined. - FY2020Shift to full-year revenue and profit growthAnnual report
「As a result, consolidated net sales for the fiscal year amounted to ¥23,597 million, up 8.4% from the previous fiscal year. In terms of earnings, operating income was ¥1,182 million, up 6.2%, ordinary income was ¥1,371 million, up 5.3%, and net income attributable to owners of the parent was ¥704 million, up 1.2%. The company therefore largely achieved its initial plan.」
Following revenue growth and lower operating profit in FY2019, FY2020 saw revenue and operating profit increase, while profit attributable to owners of the parent also rose to ¥704 million. - FY2020-Q3Higher third-quarter revenue, lower profitAnnual report
「In terms of earnings, the impact of changes in the product mix and increased costs from upfront investment resulted in operating profit of ¥748 million, down 2.2% year on year, ordinary profit of ¥901 million, down 4.6%, and profit attributable to owners of the parent for the quarter of ¥411 million, down 17.6%.」
Although revenue increased for the nine months ended the third quarter, operating profit, ordinary profit and profit attributable to owners of the parent for the quarter declined due to changes in the product mix and increased costs from upfront investment, among other factors. - FY2020-Q2Second-quarter shift to revenue growth and lower profitAnnual report
「In terms of earnings, the impact of upfront investment for future growth and deteriorating profitability in some products resulted in operating profit of ¥417 million, down 14.4% year on year. Ordinary profit, affected by the yen’s appreciation and other factors, was ¥526 million, down 19.8%, while profit attributable to owners of the parent for the quarter was ¥269 million, down 37.8%.」
For the six months ended the second quarter, revenue increased 10.5% year on year, while operating profit, ordinary profit and profit attributable to owners of the parent for the quarter were below the same period of the previous year. - FY2020-Q1First-quarter shift to revenue growth and lower profitAnnual report
「In terms of earnings, the impact of upfront investment for future growth, deteriorating profitability in some products and the yen’s appreciation resulted in operating profit of ¥126 million, down 38.8% year on year, ordinary profit of ¥159 million, down 49.2%, and profit attributable to owners of the parent for the quarter of ¥4 million, down 97.9%.」
Following revenue and profit growth in FY2019-Q1, FY2020-Q1 saw revenue increase while operating profit, ordinary profit and profit attributable to owners of the parent for the quarter fell below the same period of the previous year. - FY2019Full-year revenue growth, operating profit decline and net profit recoveryAnnual report
「Consolidated revenue was ¥21,761 million, up 7.9% year on year. Operating profit was ¥1,114 million, down 8.6%, and ordinary profit was ¥1,302 million, down 13.4%, due to higher costs resulting from soaring material prices, lower prices amid intensifying market competition and other factors. Net profit attributable to owners of the parent was ¥696 million, up 699.9% year on year.」
Following the third quarter’s revenue growth, lower operating profit and decline in net income, the full-year results maintained revenue growth and lower operating profit, while net income increased 699.9% year on year. - FY2019-Q3Higher third-quarter revenue, lower profitAnnual report
「Consolidated revenue was ¥15,966 million, up 6.8% year on year. In terms of earnings, the increase in the cost ratio resulting from changes in the product mix and higher material costs led to operating profit of ¥765 million, down 1.4%, ordinary profit of ¥944 million, down 8.2%, and profit attributable to owners of the parent for the quarter of ¥499 million, down 56.0%.」
Although the cumulative third-quarter results turned to revenue growth from the declines in revenue and profit in FY2018, operating profit, ordinary profit and profit attributable to owners of the parent for the quarter were below the same period of the previous year. - FY2019-Q1First-quarter results turned to higher revenue and higher profitAnnual report
「Operating profit was ¥207 million, up 191.6% year on year, ordinary profit was ¥313 million, up 89.0%, and quarterly net profit attributable to owners of the parent was ¥200 million, up 128.1%, due to increased sales centered on Power Equipment Systems.」
Following the previous full fiscal year’s declines in revenue and profit and sharp fall in net income, operating profit, ordinary profit and profit attributable to owners of the parent for the first quarter increased year on year. - FY2018Declining revenue and profit, with a continued sharp drop in net incomeAnnual report
「Consolidated revenue was ¥20,168 million, down 3.7% year on year. In terms of earnings, in addition to the decline in sales volume, increased selling, general and administrative expenses and other factors resulted in operating profit of ¥1,219 million, down 16.3%, and ordinary profit of ¥1,504 million, down 14.8%.」
In FY2018, revenue, operating profit and ordinary profit all fell below the previous year’s levels, while profit attributable to owners of the parent fell 90.6% year on year to ¥87 million. - FY2017First statedAnnual report
「Revenue was ¥20,933 million, down 3.7% year on year. The cost of sales ratio was 72.1%, up 2.5 percentage points, operating margin was 7.0%, down 2.8 percentage points, and profit attributable to owners of the parent was ¥925 million, down 26.2%.」
The full-year FY2017 results show that consolidated revenue, operating margin and profit attributable to owners of the parent were below the previous year’s levels.