Improvement in non-operating income and expenses due to lower interest rates and other factors
First written in FY2017-Q2. 12 of 25 entries say "Worsened", first in FY2019-Q3. Latest entry: FY2026.
Mikuni moved to the "Worse" side of this theme in 2019, 7 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Lower interest expense alongside foreign exchange lossesAnnual report
「Non-operating income decreased to ¥642 million, from ¥851 million in the previous consolidated fiscal year, down 24.5% year on year. Non-operating expenses increased to ¥1,483 million, from ¥1,037 million in the previous consolidated fiscal year, up 43.0% year on year.」
Interest expense decreased, while non-operating expenses increased due to a ¥420 million foreign exchange loss and other factors, resulting in a composition different from the previous improvement in the non-operating balance. - FY2024-Q3RestatedAnnual report
「Interest expense 540 629 Foreign exchange losses 48 2」
Interest expense increased from ¥540 million in the same period of the previous year to ¥629 million, while foreign exchange losses decreased from ¥48 million to ¥2 million, so the concurrent increase in interest expense and decrease in foreign exchange losses is continuing. - FY2024-Q2Concurrent increase in interest expense and decrease in foreign exchange lossesAnnual report
「Interest expense 344 399 Foreign exchange losses 160 36」
Interest expense increased from ¥344 million in the same period of the previous year to ¥399 million, while foreign exchange losses decreased from ¥160 million to ¥36 million. - FY2024-Q1WorsenedAnnual report
「Interest expense 162 190 Foreign exchange losses 38 77」
Compared with the same period of the previous year, interest expense increased from ¥162 million to ¥190 million, while foreign exchange losses increased from ¥38 million to ¥77 million. - FY2023-Q3WorsenedAnnual report
「Total non-operating income 394 408 Total non-operating expenses 664 671」
Non-operating income increased from ¥394 million in the same period of the previous year to ¥408 million, while non-operating expenses increased from ¥664 million to ¥671 million. Interest expense increased from ¥476 million to ¥540 million, and a ¥48 million foreign exchange loss was recorded. - FY2023-Q2WorsenedAnnual report
「Interest expense 314 344 Equity-method investment losses 100 － Foreign exchange losses － 160」
Equity-method investment losses were eliminated, while interest expense increased from ¥314 million in the same period of the previous year to ¥344 million, and a ¥160 million foreign exchange loss was recorded. The factors improving the non-operating balance have weakened. - FY2022MitigatedAnnual report
「Non-operating income decreased to ¥601 million, from ¥1,019 million in the previous consolidated fiscal year. Non-operating expenses also decreased to ¥782 million, from ¥991 million in the previous consolidated fiscal year. This was mainly because equity-method investment losses decreased.」
Non-operating income decreased, while non-operating expenses decreased from ¥991 million to ¥782 million, mainly due to a decrease in equity-method investment losses. - FY2022-Q3WorsenedAnnual report
「Total non-operating income 849 394 Total non-operating expenses 782 664」
Non-operating income decreased from ¥849 million in the same period of the previous year to ¥394 million, while non-operating expenses decreased from ¥782 million to ¥664 million. The contribution from non-operating income weakened. - FY2022-Q2Decrease in non-operating income and partial decrease in non-operating expensesAnnual report
「Total non-operating income 665 256 Total non-operating expenses 572 473」
Non-operating income decreased from ¥665 million in the same period of the previous year to ¥256 million, while non-operating expenses also decreased from ¥572 million to ¥473 million. The contribution from foreign exchange gains and grant income was smaller than in the same period of the previous year. - FY2022-Q1WorsenedAnnual report
「Non-operating income Interest income 13 4 Dividend income 65 75 Foreign exchange gains 102 － Non-operating expenses Interest expense 134 138 Equity-method investment losses 136 53 Foreign exchange losses － 4」
Equity-method investment losses decreased from ¥136 million to ¥53 million, while the ¥102 million foreign exchange gain disappeared and a ¥4 million foreign exchange loss was recorded. Interest expense also increased from ¥134 million to ¥138 million. The factors improving the non-operating balance have weakened. - FY2021MitigatedAnnual report
「This was mainly because grant income and foreign exchange gains were recognized during the consolidated fiscal year. Non-operating expenses also decreased to ¥991 million, from ¥1,091 million in the previous consolidated fiscal year.」
The non-operating balance improved through foreign exchange gains and grant income, compared with the previous increase in non-operating expenses attributable to interest expense and equity-method investment losses. - FY2021-Q3WorsenedAnnual report
「Interest expense 309 438 Equity-method investment losses 211 263」
Interest expense increased from ¥309 million in the same period of the previous year to ¥438 million, while equity-method investment losses increased from ¥211 million to ¥263 million, indicating that the increase in non-operating expenses is continuing. - FY2021-Q2RestatedAnnual report
「Interest expense 198 289 Equity-method investment losses 141 238」
Interest expense and equity-method investment losses exceeded the year-earlier levels, and non-operating expenses continued to trend higher. - FY2021-Q1WorsenedAnnual report
「Interest expense 107 134 Equity-method investment losses 97 136」
Compared with the year-earlier period, interest expense increased from ¥107 million to ¥134 million, while equity-method investment losses increased from ¥97 million to ¥136 million. - FY2020WorsenedAnnual report
「Non-operating income decreased to ¥539 million from ¥666 million in the previous consolidated fiscal year. Non-operating expenses increased to ¥1.091 billion from ¥688 million in the previous consolidated fiscal year.」
The explanation has shifted from an improvement in non-operating income and expenses due to improved financial income and expenses and other factors to a situation involving higher non-operating expenses. - FY2020-Q3WorsenedAnnual report
「Interest expense 325 309 Equity-method investment losses 144 211 Foreign exchange losses 40 63」
Interest expense decreased from ¥325 million in the year-earlier period to ¥309 million, while equity-method investment losses increased from ¥144 million to ¥211 million and foreign exchange losses increased from ¥40 million to ¥63 million. - FY2020-Q2WorsenedAnnual report
「Interest expense 196 198 Equity-method investment losses 123 141」
Interest expense increased from ¥196 million in the year-earlier period to ¥198 million, while equity-method investment losses increased from ¥123 million to ¥141 million. - FY2020-Q1WorsenedAnnual report
「Interest expense 92 107 Equity-method investment losses 74 97」
Under non-operating expenses, interest expense increased from ¥92 million in the year-earlier period to ¥107 million, while equity-method investment losses increased from ¥74 million to ¥97 million. - FY2019-Q3WorsenedAnnual report
「Including higher interest expense and other factors, ordinary profit was ¥3.18 billion, up 6.6% year on year.」
Unlike previous disclosures citing factors that improved non-operating income and expenses, this disclosure identifies higher interest expense as a factor suppressing ordinary profit. - FY2019-Q1ReframedAnnual report
「Although net finance income improved, the foreign exchange loss increased, and ordinary profit was ¥1.054 billion, up 13.6% year on year.」
The explanation of the improvement in non-operating income and expenses has changed from the previous description centered on dividends received and other factors to one that reports both improved financial income and expenses and increased foreign exchange losses. - FY2018-Q3RestatedAnnual report
「Including dividends received from affiliates, ordinary profit was ¥2.983 billion, up 47.9% year on year.」
Dividends received from affiliates continue to be cited as a factor behind the improvement in non-operating income and expenses. - FY2018-Q2ReframedAnnual report
「In addition to the yen weakening toward the end of the period and resulting in a foreign exchange gain, ordinary profit was supported by dividends received from an affiliate and amounted to ¥1.685 billion, up 38.4% year on year.」
Regarding the factors behind the improvement in non-operating income and expenses, the focus of the explanation has shifted from lower interest rates and improved financial income and expenses to foreign exchange gains from the weaker yen and dividends received from affiliates. - FY2017RestatedAnnual report
「Improved financial income and expenses resulted in ordinary profit of ¥3.469 billion, up 13.9% from the previous fiscal year.」
The explanation continues to state that improved financial income and expenses contributed to the increase in ordinary profit. - FY2017-Q3RestatedAnnual report
「Financial income and expenses improved, but foreign exchange losses were recorded,」
The disclosure continues to note improved financial income and expenses, while also reporting foreign exchange losses. - FY2017-Q2First statedAnnual report
「Non-operating income and expenses improved due to lower interest rates and other factors, resulting in ordinary profit of ¥1.217 billion, up 5.1% year on year.」
It states that improved non-operating income and expenses due to lower interest rates and other factors contributed to the increase in ordinary profit.