Revenue and profit decline in FY2020-Q3, with performance diverging by business segment
First written in FY2020-Q3. 2 of 4 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2023-Q3.
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- FY2023-Q3AdvancedAnnual report
「As a result, the Group's net sales increased 11.0% year on year to ¥9,812 million. Although results were affected by higher raw material prices and utility costs, operating profit increased 17.1% to ¥872 million, owing to higher net sales, lower depreciation and a reduced ratio of selling, general and administrative expenses, among other factors.」
For the nine months ended the third quarter, the Group achieved higher revenue and profit, with net sales increasing 11.0% and operating profit increasing 17.1%. Despite the impact of higher raw material and utility costs, increased sales and other factors lifted profit. - FY2022-Q3AdvancedAnnual report
「As a result, the Group's net sales increased 23.0% year on year to ¥8,837 million. Operating profit increased 664.2% to ¥744 million, owing to higher operating rates resulting from increased net sales, an improved cost-of-sales ratio from cost-reduction activities, and tighter cost management through the budget-versus-actual management system.」
After turning around from lower revenue and profit in the previous corresponding quarter, net sales for the nine months ended the third quarter increased 23.0% and operating profit increased 664.2%. Both the Machinery Components Business and the Electrical Components Business also achieved higher revenue and profit. - FY2021-Q3Revenue and profit declines continued, with both businesses reporting lower revenue and profitAnnual report
「As a result, the Group's net sales decreased 18.3% year on year to ¥7,182 million. Although the Group actively pursued management-improvement measures, including stricter profit management through product selection and concentration and cost-reduction activities, the decline in net sales resulted in operating profit decreasing 80.1% to ¥97 million.」
For the nine months ended the third quarter, net sales decreased 18.3% and operating profit decreased 80.1%. Net sales and operating profit in the Machinery Components Business decreased 13.8% and 20.9%, respectively, while those in the Electrical Components Business decreased 24.2% and 68.5%, respectively. Both businesses experienced lower revenue and profit. - FY2020-Q3First statedAnnual report
「Although the Group advanced measures to expand sales, including developing customers at trade shows and expanding sales opportunities by strengthening its marketing functions, overseas capital investment remained substantially subdued, and some products were affected by the prolonged US-China trade conflict. As a result, net sales decreased 7.6% year on year to ¥8,790 million. Although the Group continued cost-reduction measures, including tighter profitability management and improved production efficiency, the decline in net sales resulted in operating profit decreasing 46.0% to ¥490 million. Net sales in the Machinery Components Business decreased 11.5% to ¥4,865 million, and operating profit decreased 61.2% to ¥353 million. Net sales in the Electrical Components Business decreased 2.0% to ¥3,964 million, while operating profit increased 41.0% to ¥563 million.」
For the nine months ended the third quarter, net sales decreased 7.6%, operating profit decreased 46.0%, ordinary profit decreased 37.1% and profit attributable to owners of the parent decreased 36.2%. The Machinery Components Business experienced lower revenue and profit, while the Electrical Components Business achieved higher operating profit despite lower revenue, and performance continued to diverge by business.