Revenue and profit growth in the Asian business driven by increased production of vehicle models ordered in China
First written in FY2019-Q1. 4 of 25 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2023: 4 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026FY2026 full-year Asia revenue decline and profit growthAnnual report
「Although new-vehicle launches contributed in China, revenue declined year on year. In addition, sales at OEMs that are customers in the ASEAN region were weak. As a result, revenue was ¥2,125.1 million, a decrease of ¥90.4 million from the previous consolidated fiscal year (−4.1%), but segment profit was ¥180.8 million, an increase of ¥31.0 million (+20.7%), due to the impact of excluding an unprofitable site from consolidation following the liquidation of its company and other factors.」
Although revenue declined due to weak sales in China and ASEAN, among other factors, segment profit in Asia increased 20.7% due to the liquidation of an unprofitable site and its exclusion from consolidation, among other factors. - FY2026-H1Lower revenue and profit in Asia in FY2026-H1Annual report
「(Asia) Mainly due to lower production volumes at major sales destinations in China, revenue was ¥899.5 million, a decrease of ¥201.2 million from the previous interim consolidated accounting period (−18.3%). Due to the impact of lower revenue, segment profit was ¥65.7 million, a decrease of ¥23.9 million (−26.7%).」
Lower production volumes at major sales destinations in China resulted in Asia segment revenue down 18.3% and profit down 26.7%. - FY2025Lower revenue and profit in Asia for FY2025Annual report
「While production volumes in the ASEAN region were trending toward recovery, the recovery in China was delayed by weak sales at major customers from the beginning of the fiscal year. Revenue was ¥2,215.6 million, a decrease of ¥497.6 million from the previous consolidated fiscal year (−18.3%), while segment profit was ¥149.8 million, a decrease of ¥232.3 million (−60.8%).」
While the ASEAN region continued to trend toward recovery, weak sales and delayed recovery at major customers in China resulted in Asia revenue down 18.3% and profit down 60.8% for the full year. - FY2025-H1Lower revenue and profit in Asia due to the EV shift in FY2025-H1Annual report
「Weak sales of vehicle models ordered by the Company, mainly in China, due to the shift toward electric vehicles resulted in revenue of ¥1,098.9 million, a decrease of ¥130.7 million from the previous interim consolidated accounting period (−10.6%). Segment profit was ¥89.1 million, a decrease of ¥73.1 million (−45.1%).」
Weak sales of ordered vehicle models accompanying the shift toward EVs in China resulted in revenue in the Asia segment down 10.6% and segment profit down 45.1%. - FY2024-Q3Lower revenue and profit in the Asia business in FY2024-Q3Annual report
「While production volumes in the ASEAN region were trending toward recovery, the recovery in China was delayed due to weak sales at major customers since the beginning of the fiscal year. Revenue was ¥1,882.1 million, a decrease of ¥287.4 million year on year (−13.2%), while segment profit was ¥244.4 million, a decrease of ¥44.2 million (−15.3%).」
Despite the recovery trend in the ASEAN region, weak sales and delayed recovery at major customers in China resulted in revenue down 13.2% and profit down 15.3% in the Asia business. - FY2024-Q2Lower revenue and higher profit in the Asia business in FY2024-Q2Annual report
「While production volumes at major customers in the ASEAN region continued to trend toward recovery, the recovery in China was delayed due to production cuts in the first quarter and weak sales at major customers. Revenue was ¥1,229.7 million, a decrease of ¥47.8 million year on year (−3.7%), but segment profit was ¥162.2 million, an increase of ¥2.5 million (+1.6%), due to rationalization activities, including a lower material-cost ratio, and foreign-exchange effects.」
Asia revenue declined 3.7% due to production cuts and weak sales in China, while segment profit increased 1.6% due to rationalization activities, including a lower material-cost ratio, and foreign-exchange effects. - FY2024-Q1Lower revenue and profit in the Asia business in FY2024-Q1Annual report
「Although production volumes at major customers increased in the ASEAN region, production volumes at major customers in China decreased due to the impact of the zero-COVID policy. Revenue was ¥640.0 million, a decrease of ¥84.5 million year on year (−11.7%), while segment profit was ¥99.7 million, a decrease of ¥30.5 million (−23.5%).」
The Asia business has shifted from higher revenue and profit for the full year in the previous consolidated fiscal year to lower revenue and profit in FY2024-Q1, against the backdrop of production cuts at major customers due to China's zero-COVID policy. - FY2023Higher revenue and profit in the Asia business for FY2023Annual report
「Although production volumes in China continued to decline, production volumes in the ASEAN region recovered. Revenue was ¥2,866.5 million, an increase of ¥63.4 million from the previous fiscal year (+2.3%), while segment profit was ¥392.1 million, an increase of ¥8.6 million (+2.3%).」
Despite continued declines in production volumes in China, the recovery in the ASEAN region resulted in higher revenue and profit for the Asia segment for the full year. - FY2023-Q3Higher revenue and profit in the Asia business in FY2023-Q3Annual report
「(Asia) Due to foreign-exchange effects from the weaker yen, revenue was ¥2,169.6 million, an increase of ¥281.4 million year on year (+14.9%), while segment profit was ¥288.6 million, an increase of ¥66.1 million (+29.7%).」
The business has shifted from lower revenue and profit due to parts supply issues in the previous quarter to higher revenue and profit driven by foreign-exchange effects from the weaker yen. - FY2023-Q2Added lower revenue and profit in the Asia business in FY2023-Q2Annual report
「Compared with the previous year, lower production volumes due to parts supply issues resulted in revenue of ¥1,277.5 million, a decrease of ¥75.1 million year on year (−5.6%), and segment profit of ¥159.7 million, a decrease of ¥19.9 million (−11.1%).」
The Asia business has shifted from the recovery in production at major customers in the previous fiscal year to lower revenue and profit against the backdrop of lower production volumes caused by parts supply issues. - FY2023-Q1Higher revenue and profit in the Asia business in FY2023-Q1Annual report
「The sale of molds for new vehicle models launched by major customers resulted in revenue of ¥724.5 million, an increase of ¥15.0 million year on year (+2.1%), and segment profit of ¥130.2 million, an increase of ¥20.1 million (+18.3%).」
The Asia segment recorded higher revenue and profit year on year due to the sale of molds for new vehicle models launched by major customers. - FY2022Lower revenue and profit for FY2022Annual report
「Due to lower production volumes at major customers compared with the previous year, revenue was ¥2,803.0 million, a decrease of ¥49.1 million from the previous fiscal year (−1.7%), while segment profit was ¥383.4 million, a decrease of ¥13.6 million.」
The Asia segment has shifted from the recovery phase in the previous fiscal year to lower revenue and profit for the full year due to lower production volumes at major customers. - FY2022-Q3Nine-month revenue decline and lower profitAnnual report
「(Asia) Production volumes at major customers decreased year on year, resulting in revenue of ¥1,888.1 million, a decrease of ¥58.9 million year on year (−3.0%), and segment profit of ¥222.5 million, a decrease of ¥4.2 million (−1.9%).」
The Asia segment has shifted from the higher revenue and profit seen through the previous quarter to lower revenue and profit due to decreased production volumes at major customers. - FY2022-Q2AdvancedAnnual report
「(Asia) Production volumes at major customers increased year on year, resulting in revenue of ¥1,352.7 million, an increase of ¥145.8 million (+12.1%), and segment profit of ¥179.7 million, an increase of ¥54.4 million (+43.5%).」
Higher revenue and profit continued in the Asia segment due to increased production volumes at major customers, with revenue up 12.1% and segment profit up 43.5%. - FY2022-Q1AdvancedAnnual report
「(Asia) Production volumes at major customers increased from the previous year, which was affected by COVID-19. Revenue was ¥709.5 million, an increase of ¥189.7 million year on year (+36.5%), while segment profit was ¥110.1 million, an increase of ¥65.1 million.」
Due to higher production volumes at major customers, revenue in the Asia segment increased 36.5% and segment profit increased by ¥65.1 million, recovering from lower revenue and profit in the previous fiscal year. - FY2021Added continued lower revenue and profit for FY2021Annual report
「Although production volumes at major customers were trending toward recovery, during the fiscal year, the spread of COVID-19 reduced customer production volumes. Revenue was ¥2,852.2 million, a decrease of ¥1,038.0 million from the previous fiscal year (−26.7%), while segment profit was ¥397.0 million, a decrease of ¥251.5 million.」
In the Asia business, production volumes at customers were trending toward recovery, but the full year ended with lower revenue and profit due to the impact of production cuts caused by the spread of COVID-19. - FY2021-Q3Lower revenue and profit continue in the third quarterAnnual report
「(Asia) Although production volumes at major customers were trending toward recovery, during the nine months ended the third quarter, the spread of COVID-19 reduced customer production volumes. Revenue was ¥1,947.1 million, a decrease of ¥1,001.7 million year on year (−34.0%), while segment profit was ¥226.7 million, a decrease of ¥300.9 million (−57.0%).」
In the Asia business, although production volumes at major customers were trending toward recovery, production cuts due to the spread of COVID-19 resulted in revenue down 34.0% and segment profit down 57.0%. - FY2021-Q2RestatedAnnual report
「Mainly in China, lower customer production volumes due to the spread of COVID-19 resulted in revenue of ¥1,206.8 million, a decrease of ¥763.4 million year on year (−38.7%), and segment profit of ¥125.2 million, a decrease of ¥237.2 million (−65.4%).」
As in the previous quarter, lower production volumes at customers, mainly in China, due to the spread of COVID-19 have resulted in lower revenue and profit in the Asia business. - FY2021-Q1Lower revenue and profit in the Asia business due to the impact of COVID-19Annual report
「(Asia) Mainly in China, the spread of COVID-19 reduced customers' production volumes. As a result, revenue was ¥519.8 million, a decrease of ¥420.9 million year on year (−44.7%), while segment profit was ¥45.0 million, a decrease of ¥114.9 million (−71.9%).」
Due to lower production volumes at customers, mainly in China, lower revenue and profit continued in the Asia segment, with revenue down 44.7% and segment profit down 71.9%. - FY2020-Q3RestatedAnnual report
「Due to sluggish new-vehicle sales in China, revenue was ¥2,948.8 million, a decrease of ¥547.9 million year on year (−15.7%), while segment profit was ¥527.7 million, a decrease of ¥148.6 million (−22.0%).」
Lower revenue and profit continued due to sluggish new-vehicle sales in China, with revenue down 15.7% and segment profit down 22.0%. - FY2020-Q2RestatedAnnual report
「In China, production cuts for vehicle models ordered by the Company occurred amid market conditions in which market expansion was losing momentum and demand was sluggish. As a result, revenue in the Asia segment was ¥1,970.2 million, a decrease of ¥412.8 million year on year (−17.3%), while segment profit was ¥362.4 million, a decrease of ¥94.7 million (−20.7%).」
As in the previous quarter, the Asia business recorded lower revenue and profit due to production cuts for ordered vehicle models. - FY2020-Q1Asia business shifts from higher revenue and profit to lower revenue and profitAnnual report
「(Asia) Due to production cuts for vehicle models ordered by the Company, revenue was ¥940.8 million, a decrease of ¥204.2 million year on year (−17.8%), while segment profit was ¥159.9 million, a decrease of ¥71.8 million (−31.0%).」
The performance of the Asia business has changed from the higher revenue and profit driven by new start-ups in China and Thailand reported through the previous quarter to lower revenue and profit due to production cuts for ordered vehicle models. - FY2019-Q3AdvancedAnnual report
「Due to the impact of new start-ups in China and Thailand, revenue was ¥3,496.7 million, an increase of ¥187.4 million year on year (+5.7%), while segment profit was ¥676.3 million, an increase of ¥38.8 million (+6.1%).」
Due to the impact of new start-ups in China and Thailand, revenue in the Asia segment increased 5.7% and segment profit increased 6.1%. - FY2019-Q2AdvancedAnnual report
「Although growth in the Chinese market is losing momentum, new-vehicle sales in the first half remained above the previous year's level. In this market environment, revenue for the cumulative period was ¥23,831 million, up ¥3,801 million (19.0%) from the same period of the previous year, and segment profit was ¥4,572 million, up ¥952 million (26.3%).」
Against the backdrop of sales of vehicle models ordered in China, first-half revenue in the Asia segment increased 19.0% and segment profit increased 26.3%. - FY2019-Q1First statedAnnual report
「Driven by increased production of vehicle models ordered in China, revenue was ¥11,450 million, up ¥1,943 million (20.4%) from the same quarter of the previous year, and segment profit was ¥2,318 million, up ¥642 million (38.3%).」
Against the backdrop of increased production of vehicle models ordered in China, revenue and segment profit in the Asia segment increased year on year.