Higher profit due to lower US aftermarket water-pump sales and lower personnel expenses
First written in FY2018-Q3. 12 of 30 entries say "Worsened", first in FY2019. Latest entry: 2026-11-13.
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- FY2026WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales declined as the company reviewed its customer base in the US market, while profit and loss was affected by higher tariff burdens and a temporary increase in costs related to consolidating warehouses to optimize logistics.」
Sales declined following a review of the customer base, while higher tariff burdens and one-time warehouse consolidation costs weighed on profit and loss. - 2026-05-18WorsenedResults
「GMB USA INC.において販売が増加した一方で、連結子会社のGMB NORTH AMERICA INC.において売上高については米国市場で販売先を見直すなどの対応により販売が減少し」
GMB USA INC.の販売増加を伴う一方、GMB NORTH AMERICA INC.の販売減少が継続した。 - FY2026-H1WorsenedAnnual report
「At consolidated subsidiary GMB USA INC., a manufacturing facility established in January 2023, sales increased. At consolidated subsidiary GMB NORTH AMERICA INC., sales declined as the company narrowed its customer base with a focus on profitability in the highly competitive US market, while profit and loss was affected by a temporary increase in costs related to consolidating warehouses to optimize logistics. As a result, net sales were ¥2,639 million, down 25.1% from the same interim period of the previous year, and the segment recorded a loss of ¥502 million, compared with a loss of ¥179 million in the same interim period of the previous year.」
Although sales by GMB USA INC. increased, the US segment recorded a 25.1% decrease in revenue and a wider loss of ¥502 million due to GMB NORTH AMERICA INC.'s narrower customer base and warehouse consolidation costs. - FY2025-H1Lower sales to major retailers and a narrower US segment lossAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales to major retailers declined in the highly competitive US market. Meanwhile, GMB USA INC., a manufacturing site established in January 2023, began sales despite the front-loaded spending of related expenses. As a result, sales were ¥3,526 million, up 0.1% from the same quarter of the previous year, and the segment recorded a loss of ¥179 million, compared with a loss of ¥226 million in the same quarter of the previous year.」
Although sales to major retailers continued to decline, the US segment loss narrowed due in part to the launch of sales by GMB USA INC. - FY2024-Q2MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales declined in transactions with major retailers in the highly competitive US market. However, the company was affected by higher selling prices and lower logistics costs, among other factors. As a result, sales were ¥3,521 million, down 14.7% from the same quarter of the previous year, and the segment recorded a loss of ¥226 million, compared with a loss of ¥549 million in the same quarter of the previous year.」
Although US aftermarket parts sales declined, the loss narrowed from ¥549 million in the same period of the previous year to ¥226 million due to higher selling prices and lower logistics costs. - FY2024-Q1MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., in transactions with major retailers in the highly competitive US market, the company was affected by higher selling prices and lower import tariffs and logistics costs. As a result, net sales were ¥1,777 million, down 10.2% year on year, and the segment recorded a loss of ¥148 million, compared with a loss of ¥273 million in the same quarter of the previous year.」
The US segment recorded lower revenue, while higher selling prices and lower import tariffs and logistics costs narrowed the loss from ¥273 million in the same period of the previous year to ¥148 million. - FY2023MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, while procurement costs temporarily improved due to refunds of import tariffs. As a result, net sales were ¥7,228 million, up 2.9%, and the segment recorded a loss of ¥719 million, compared with a loss of ¥1,186 million in the previous fiscal year.」
The US segment continued to face intense competition, deteriorating transaction profitability and persistently high logistics costs, but the loss narrowed from ¥1,186 million to ¥719 million due to higher revenue and a temporary improvement in procurement costs from import tariff refunds. - FY2023-Q3MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, and the company was affected by persistently high global logistics costs. However, procurement costs temporarily improved as a result of refunds of import tariffs. As a result, sales were ¥5,770 million, up 6.3% year on year, and the segment recorded a loss of ¥535 million, compared with a loss of ¥788 million in the same quarter of the previous year.」
The US segment recorded higher revenue, and the loss narrowed from ¥788 million in the same period of the previous year to ¥535 million. However, the competitive environment, deteriorating transaction profitability and persistently high logistics costs continued. - FY2023-Q2WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, and the company was also affected by persistently high global logistics costs. As a result, sales were ¥4,127 million, up 12.9% from the same quarter of the previous year, and the segment recorded a loss of ¥549 million, compared with a loss of ¥438 million in the same quarter of the previous year.」
Despite higher sales, the US aftermarket parts business recorded a wider loss due to the competitive environment, deteriorating transaction profitability and persistently high logistics costs. - FY2023-Q1WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, and the company was also affected by persistently high global logistics costs. As a result, sales were ¥1,978 million, down 3.0% from the same quarter of the previous year, and the segment recorded a loss of ¥273 million, compared with a loss of ¥62 million in the same quarter of the previous year.」
In the US aftermarket parts business, lower sales and deteriorating transaction profitability with major retailers were compounded by persistently high logistics costs, resulting in a wider loss. - FY2022WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased as a result of expanding the range of products handled, among other factors. However, expenses increased due to higher import tariffs and surging logistics costs, among other factors. As a result, sales were ¥7,025 million, up 14.9% from the previous fiscal year, and the segment recorded a loss of ¥1,186 million, compared with a loss of ¥256 million in the previous fiscal year.」
Although sales increased due to the expansion of the aftermarket product range, the US segment's loss widened substantially due to higher tariff and logistics costs. - FY2022-Q3WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased as a result of expanding the range of products handled, among other factors. However, expenses increased due to higher tariffs, among other factors. As a result, sales were ¥5,431 million, up 16.8% from the same quarter of the previous year, and the segment recorded a loss of ¥788 million, compared with a loss of ¥191 million in the same quarter of the previous year.」
The US segment recorded higher revenue due to the expansion of its product range, but the loss widened from ¥191 million to ¥788 million due to higher tariff costs and other factors. - FY2022-Q2WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased as a result of expanding the range of products handled, among other factors. However, expenses increased due to higher import tariffs, among other factors. As a result, sales were ¥3,655 million, up 21.6% from the same quarter of the previous year, and the segment recorded a loss of ¥438 million, compared with a loss of ¥169 million in the same quarter of the previous year.」
The US segment recorded higher revenue due to increased sales, but the loss widened due to higher costs resulting from increased import tariffs and other factors. - FY2022-Q1MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased due to the expansion of the product range and other factors. As a result, net sales were ¥2,039 million, up 23.2% year on year, and the segment recorded a loss of ¥62 million, compared with a loss of ¥119 million in the same quarter of the previous year.」
The US segment recorded a 23.2% increase in revenue due to the expansion of its product range, and the segment loss narrowed from ¥119 million to ¥62 million. - FY2021MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., the impact of the spread of COVID-19 was limited and sales progressed steadily in the US aftermarket parts market. However, profitability did not improve sufficiently amid intense competition. As a result, net sales were ¥6,115 million, up 31.9% from the previous fiscal year, and the segment recorded a loss of ¥256 million, compared with a loss of ¥790 million in the previous fiscal year.」
The US segment recorded higher revenue due to increased sales, and the loss narrowed from ¥790 million to ¥256 million. However, profitability did not improve sufficiently amid intense competition. - FY2021-Q3AdvancedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., the impact of the spread of COVID-19 was limited and sales progressed steadily in the US aftermarket parts market. However, profitability did not improve sufficiently amid intense competition. As a result, net sales were ¥4,649 million, up 36.1% year on year, and the segment recorded a loss of ¥191 million, compared with a loss of ¥448 million in the same quarter of the previous year.」
The US segment's sales increased 36.1% year on year, and the segment loss narrowed from ¥448 million in the same period of the previous year to ¥191 million. However, profitability did not improve sufficiently amid intense competition. - FY2021-Q2MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., the impact of the spread of COVID-19 was limited and sales progressed steadily in the US aftermarket parts market. However, profitability did not improve sufficiently amid intense competition. As a result, net sales were ¥3,006 million, up 41.5% year on year, and the segment recorded a loss of ¥169 million, compared with a loss of ¥479 million in the same quarter of the previous year.」
The US segment recorded a 41.5% increase in revenue, and the segment loss narrowed from ¥479 million to ¥169 million. However, profitability did not improve sufficiently amid intense competition. - FY2021-Q1Revenue growth from new customer acquisition; losses widened due to tariff costsAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., aftermarket water-pump sales increased due to the acquisition of new customers and other factors, while expenses increased due to higher tariffs. As a result, net sales were ¥1,655 million, up 38.3% year on year, and the segment recorded a loss of ¥119 million, compared with a loss of ¥34 million in the same quarter of the previous year.」
In the US, aftermarket water-pump sales increased through the acquisition of new customers, resulting in a 38.3% increase in revenue, while higher tariff-related expenses and other factors widened the loss from ¥34 million to ¥119 million. - FY2020WorsenedAnnual report
「Amid continued intense competition in the US aftermarket parts market, profitability in transactions with major customers continued to deteriorate from the previous fiscal year without improvement. In addition, expenses increased due to asset valuations and higher tariffs. As a result, net sales were ¥4,637 million, down 9.0% year on year, and the segment recorded a loss of ¥790 million, compared with a loss of ¥303 million in the previous fiscal year.」
The US segment continued to face intense competition and deteriorating profitability with major customers, while asset valuation expenses and tariff costs also increased, widening the loss from ¥303 million to ¥790 million. - FY2020-Q3RestatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., amid continued intense competition in the US aftermarket parts market, profitability in transactions with major customers continued to deteriorate from the previous fiscal year without improvement. In addition, expenses related to the valuation of accounts receivable and inventories increased. As a result, net sales were ¥3,416 million, down 14.1% year on year, and the segment recorded a loss of ¥448 million, compared with profit of ¥197 million in the same quarter of the previous year.」
Intense competition in the US aftermarket parts market, deteriorating profitability with major customers, and higher valuation expenses for accounts receivable and inventories continued, resulting in a segment loss of ¥448 million. - FY2020-Q2WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., amid continued intense competition in the US aftermarket parts market, profitability in transactions with major customers remained unimproved from the previous fiscal year. In addition, expenses associated with the valuation of trade receivables and inventories increased. As a result, sales were ¥2,124 million, down 15.1% year on year, and the segment recorded a loss of ¥479 million, compared with a profit of ¥69 million in the same quarter of the previous year.」
The US segment turned from profit in the same period of the previous year to a loss of ¥479 million due to lower aftermarket parts sales, deteriorating profitability with major customers, and higher valuation expenses for accounts receivable and inventories. - FY2020-Q1WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., aftermarket water-pump sales declined and the company was affected by additional tariffs on products sourced from China. As a result, net sales were ¥1,197 million, down 6.0%, and the segment recorded a loss of ¥34 million, compared with a loss of ¥1 million in the same quarter of the previous year.」
The US segment was affected by lower aftermarket water-pump sales and additional tariffs on Chinese products, with the loss widening from ¥1 million in the same period of the previous year to ¥34 million. - FY2019WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of replacement water pumps, tensioners, idlers and bearings declined. In addition, profitability in transactions with major retailers deteriorated in the highly competitive US market. As a result, sales were ¥5,095 million, down 24.4% year on year, and the segment recorded a loss of ¥303 million, compared with a profit of ¥141 million in the previous fiscal year.」
Lower US aftermarket parts sales and deteriorating transaction profitability with major retailers caused the business to turn from profit to a loss of ¥303 million for the full year. - FY2019-Q3AdvancedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of aftermarket water pumps and tensioners, idlers and bearings declined, while cost reductions and other measures were implemented. As a result, net sales were ¥3,977 million, down 22.4%, and segment profit was ¥197 million, up 135.8%.」
In the US, revenue continued to decline due to lower aftermarket parts sales, while cost reductions resulted in segment profit of ¥197 million, up 135.8% year on year. Profitability improved. - FY2019-Q2AdvancedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of aftermarket water pumps and tensioners, idlers and bearings declined, while cost reductions and other measures were implemented. As a result, net sales were ¥2,503 million, down 28.2%, and segment profit was ¥69 million, compared with a loss of ¥16 million in the same quarter of the previous year.」
In the US, lower aftermarket parts sales resulted in lower revenue, while cost reductions turned the segment loss in the same period of the previous year into segment profit of ¥69 million. - FY2019-Q1Lower revenue and reduced lossesAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of aftermarket water pumps and tensioners, idlers and bearings declined, while cost reductions and other measures were implemented. As a result, net sales were ¥1,273 million, down 32.6%, and the segment recorded a loss of ¥1 million, compared with a loss of ¥8 million in the same quarter of the previous year.」
In the US, lower aftermarket parts sales resulted in lower revenue, while cost reductions narrowed the segment loss from ¥8 million in the same period of the previous year to ¥1 million. - FY2018AdvancedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of aftermarket water pumps declined, while personnel expenses and other costs also decreased. As a result, net sales were ¥6,742 million, down 13.1%, and segment profit was ¥141 million, up 1,027.3%.」
In the US, aftermarket water-pump sales continued to decline, while lower personnel expenses and other costs drove a 1,027.3% year-on-year increase in full-year segment profit. - FY2018-Q3First statedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of aftermarket water pumps declined, while personnel expenses and other costs also decreased. As a result, net sales were ¥5,125 million, down 6.9%, and segment profit was ¥83 million, up 392.2%.」
The decline in aftermarket water-pump sales in the US segment, alongside a 392.2% year-on-year increase in segment profit due to lower personnel expenses and other costs, was recorded for the first time as a standalone theme.