Revenue and profit declined in Q1 FY2021, with performance diverging by business
First written in FY2021-Q1. 2 of 4 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2024-Q1.
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- FY2024-Q1Both businesses shifted from higher revenue and profit to lower revenue and profit.Annual report
「As a result, revenue was ¥2.882 billion, down 13.4% year on year. Operating profit was ¥151 million, down 52.6% year on year. Despite factors including an increase in equity-method investment gains, ordinary profit was ¥264 million, down 37.7% year on year, due mainly to the decline in operating profit. Net profit attributable to owners of the parent was ¥177 million, down 39.0% year on year, due to the decline in ordinary profit.」
The first quarter turned from the higher revenue and higher profit recorded in the previous year to lower revenue and lower profit. The Machinery Parts business reported a 13.9% decline in revenue and a 42.4% decline in operating profit, while the Electrical Parts business reported declines of 12.3% and 18.9%, respectively, resulting in lower revenue and lower profit in both businesses. - FY2023-Q1AdvancedAnnual report
「As a result, revenue was ¥3.33 billion, up 15.5% year on year. Operating profit was ¥320 million, up 53.0% year on year. Ordinary profit was ¥423 million, up 50.5% year on year, due in part to higher non-operating income resulting from the increase in operating profit and the recognition of foreign exchange gains.」
FY2023-Q1 turned from the lower revenue and lower profit recorded in the previous year, with revenue up 15.5%, operating profit up 53.0% and ordinary profit up 50.5%. Both the Machinery Parts and Electrical Parts businesses reported higher revenue and higher profit. - FY2022-Q1AdvancedAnnual report
「As a result, revenue was ¥2.883 billion, up 15.6% year on year. In addition to higher revenue and a recovery in the operating rate, the cost of sales ratio improved due in part to the reversal of the impairment loss recorded in the previous fiscal year, resulting in operating profit of ¥209 million, up 384.3% year on year.」
FY2022-Q1 turned from the lower revenue and lower profit recorded in the previous year, with revenue up 15.6% and operating profit up 384.3%. - FY2021-Q1First statedAnnual report
「As a result, revenue was ¥2.495 billion, down 11.3% year on year. Although we actively pursued management improvement measures, including cost reduction activities, to mitigate the impact of COVID-19, the substantial decline in revenue resulted in operating profit of ¥43 million, down 72.1% year on year. As a result, revenue in the Machinery Parts business was ¥1.516 billion, down 0.4% year on year, while operating profit was ¥153 million, up 43.2%. As a result, revenue in the Electrical Parts business was ¥982 million, down 24.6% year on year, while operating profit was ¥20 million, down 88.7%.」
In FY2021-Q1, the company posted lower revenue and lower profit overall. The Machinery Parts business reported lower revenue but higher operating profit, while the Electrical Parts business recorded substantial declines in both revenue and profit, resulting in divergent performance by business.