Deterioration in First-Quarter Performance
First written in FY2017-Q1. . Latest entry: 2026-08-07.
The whole theme swung hardest in 2020: 6 of 18 companies on the "Worse" side.
11 other companies' latest entry also says "Other".
- 2026-08-07OtherEarnings
「Operating income rose to ¥519 million, compared with a profit of ¥29 million in the same period of the previous fiscal year, as the effects of structural reforms and cost-reduction initiatives emerged steadily while the company pursued 9 priority measures to achieve its medium-term goal of “earnings recovery and business growth,” in addition to the impact of higher sales.」
First-quarter operating income increased from ¥29 million in the same period of the previous fiscal year to ¥519 million. - FY2026Added evidence of higher profit and positive net income for FY2026 full-yearAnnual report
「Although net sales for the fiscal year were ¥87,149 million, down 7.6% year on year, operating income rose to ¥2,037 million, up 417.8%, as the effects of structural reforms and cost-reduction initiatives emerged while the company pursued 9 priority measures to achieve its medium-term goal of “earnings recovery and business growth.” Ordinary income rose to ¥2,122 million, up 314.7%, mainly because of the increase in operating income. Net income attributable to owners of the parent rose 19.0% to ¥2,480 million. Although the substantial gain on the sale of investment securities recorded in the previous fiscal year declined significantly, the increase in operating income made a major contribution, and the company also recorded a gain on the sale of property, plant and equipment associated with the sale of its Tennessee plant by its U.S. subsidiary.」
Although sales declined, operating income was ¥2,037 million, ordinary income was ¥2,122 million, and net income attributable to owners of the parent was ¥2,480 million, supported by structural reforms and cost-reduction initiatives. - FY2026-H1Added FY2026-H1 results showing a return to operating profitabilityAnnual report
「For the current interim consolidated period, net sales declined 8.5% year on year to ¥42,562 million. Operating income, however, turned a profit of ¥486 million, compared with a loss of ¥437 million in the same period of the prior year, as the effects of structural reforms and cost-reduction initiatives emerged while the company pursued 9 priority measures to achieve its medium-term objectives of recovery in performance and business growth. Ordinary income was ¥396 million, compared with an ordinary loss of ¥252 million in the same period of the prior year, as foreign exchange gains recorded in the prior-year period turned into foreign exchange losses. Interim net income attributable to owners of the parent was ¥989 million, down 45.7% year on year, despite the recognition of a gain on the sale of fixed assets related to the sale of a plant in Tennessee by the U.S. subsidiary, because the prior-year period included a substantial gain on the sale of investment securities.」
Although sales declined, operating income turned from a loss in the same period of the prior year to a profit of ¥486 million due to the effects of structural reforms and cost-reduction initiatives. Ordinary income also turned a profit of ¥396 million, while interim net income attributable to owners of the parent decreased to ¥989 million. - FY2025Added FY2025 full-year results showing a return to profitabilityAnnual report
「Although net sales declined to ¥94,341 million, down 5.4% year on year, operating income was ¥393 million, compared with ¥14 million in the prior year, due to the favorable impact of the weaker yen and improvements to the company's operating structure; ordinary income was ¥511 million, up 96.6%; and net income attributable to owners of the parent was ¥2,084 million, compared with a loss of ¥71 million in the prior year, due in part to gains on the sale of investment securities.」
Although sales declined, operating income and ordinary income improved, and net income attributable to owners of the parent turned a profit of ¥2,084 million due to gains on the sale of investment securities and other factors. - FY2025-H1Added first-half results showing lower sales, a wider operating loss, and a return to net profit due to extraordinary gainsAnnual report
「For the current interim consolidated period, net sales were ¥46,519 million, down 1.7% year on year; operating loss was ¥437 million, compared with a loss of ¥276 million in the same period of the prior year; ordinary loss was ¥252 million, compared with ordinary income of ¥208 million; and interim net income attributable to owners of the parent was ¥1,821 million, due in part to gains on the sale of investment securities of ¥3,515 million and an adjustment of corporate income taxes of ¥450 million, compared with a net loss of ¥1,114 million in the same period of the prior year.」
First-half sales declined, while operating loss was ¥437 million and ordinary loss was ¥252 million. However, interim net income attributable to owners of the parent was ¥1,821 million, due to gains on the sale of investment securities and other factors. - FY2024-Q3Added first nine-month results showing lower sales, a smaller operating loss, and a wider net lossAnnual report
「For the first nine months of the current consolidated cumulative period, net sales were ¥73,313 million, down 1.2% year on year; operating loss was ¥210 million, compared with a loss of ¥572 million in the same period of the prior year; ordinary income was ¥328 million, down 47.7%; and net loss attributable to owners of the parent was ¥972 million, compared with a net loss of ¥278 million.」
For the first nine months, sales declined, while operating loss narrowed from ¥572 million to ¥210 million. Ordinary income decreased to ¥328 million, and net loss attributable to owners of the parent widened to ¥972 million. - FY2024-Q2Added FY2024-Q2 cumulative results showing higher sales, a smaller operating loss, and a wider net lossAnnual report
「For the first six months of the current consolidated cumulative period, net sales were ¥47,332 million, up 3.2% year on year; operating loss was ¥276 million, compared with a loss of ¥1,137 million in the same period of the prior year; ordinary income was ¥208 million, up 183.0%; and net loss attributable to owners of the parent was ¥1,114 million, compared with a net loss of ¥562 million.」
Net sales increased to ¥47,332 million, operating loss narrowed from ¥1,137 million to ¥276 million, and ordinary income increased to ¥208 million. Net loss attributable to owners of the parent, however, widened to ¥1,114 million. - FY2024-Q1Added FY2024-Q1 results showing higher sales, a return to operating profit, and a wider net lossAnnual report
「For the first quarter of the current consolidated cumulative period, net sales were ¥24,127 million, up 7.9% year on year; operating income was ¥20 million, compared with a loss of ¥555 million in the same period of the prior year; ordinary income was ¥323 million, up 162.9%; and net loss attributable to owners of the parent was ¥908 million, compared with a net loss of ¥270 million.」
Net sales increased to ¥24,127 million, operating results turned from a loss of ¥555 million in the same period of the prior year to a profit of ¥20 million, and ordinary income was ¥323 million. However, net loss attributable to owners of the parent widened to ¥908 million due to special retirement payments and other costs associated with an early retirement program. - FY2023Added FY2023 full-year resultsAnnual report
「For the fiscal year, net sales were ¥99,730 million, up 17.1% year on year; operating loss was ¥770 million, compared with a loss of ¥70 million in the prior year; ordinary income was ¥28 million, down 95.4%; and net loss attributable to owners of the parent was ¥2,053 million, compared with a loss of ¥1,210 million, due in part to the reversal of deferred tax assets by the company.」
FY2023 full-year sales increased, while operating loss was ¥770 million, ordinary income was ¥28 million, and net loss attributable to owners of the parent was ¥2,053 million. - FY2023-Q3Added first nine-month resultsAnnual report
「For the first nine months of the current consolidated cumulative period, net sales were ¥74,210 million, up 16.9% year on year; operating loss was ¥572 million, compared with operating income of ¥97 million in the same period of the prior year; ordinary income was ¥628 million, up 10.0%; and net loss attributable to owners of the parent was ¥278 million, compared with a net loss of ¥274 million.」
For the first nine months, sales increased and ordinary income rose to ¥628 million, while operating income turned from profit of ¥97 million in the same period of the prior year to an operating loss of ¥572 million. Net loss attributable to owners of the parent was ¥278 million. - FY2023-Q2Added evidence of weaker cumulative second-quarter resultsAnnual report
「For the first six months of the current consolidated cumulative period, net sales were ¥45,859 million, up 6.0% year on year; operating loss was ¥1,137 million, compared with operating income of ¥238 million in the same period of the prior year; ordinary income was ¥73 million, down 87.3%; and net loss attributable to owners of the parent was ¥562 million, compared with a net loss of ¥63 million.」
Although net sales increased, operating income turned from profit in the same period of the prior year to an operating loss of ¥1,137 million, and net loss attributable to owners of the parent widened to ¥562 million. - FY2023-Q1Added FY2023-Q1 results showing deteriorating performanceAnnual report
「For the first quarter of the current consolidated cumulative period, net sales were ¥22,354 million, down 1.3% year on year; operating loss was ¥555 million, compared with operating income of ¥448 million in the same period of the prior year; ordinary income was ¥123 million, down 84.1%; and net loss attributable to owners of the parent was ¥270 million, compared with net income of ¥344 million.」
FY2023-Q1 saw lower sales, with operating income turning from profit in the same period of the prior year to an operating loss of ¥555 million, and net income attributable to owners of the parent turning to a loss of ¥270 million. - FY2022Added FY2022 full-year resultsAnnual report
「For the fiscal year, net sales were ¥85,155 million, down 2.2% year on year; operating loss was ¥70 million, compared with a loss of ¥790 million in the prior year; ordinary income was ¥616 million, compared with an ordinary loss of ¥581 million; and net loss attributable to owners of the parent was ¥1,210 million, compared with a loss of ¥3,081 million, due in part to the recognition of impairment losses on fixed assets by the company.」
Full-year net sales were ¥85,155 million, operating loss was ¥70 million, ordinary income was ¥616 million, and net loss attributable to owners of the parent was ¥1,210 million. Operating and ordinary results improved from the prior year, but the net loss continued. - FY2022-Q3Added first nine-month results showing recovery in performanceAnnual report
「For the first nine months of the current consolidated cumulative period, net sales were ¥63,467 million, up 3.3% year on year; operating income was ¥97 million, compared with an operating loss of ¥1,611 million in the same period of the prior year; ordinary income was ¥570 million, compared with an ordinary loss of ¥1,497 million; and net loss attributable to owners of the parent was ¥274 million, compared with a net loss of ¥2,340 million.」
Operating income and ordinary income recovered from losses in the same period of the prior year to ¥97 million and ¥570 million, respectively. Net sales also increased 3.3%, but net loss attributable to owners of the parent remained at ¥274 million. - FY2022-Q2Added first-half results showing recovery in performanceAnnual report
「For the first six months of the current consolidated cumulative period, net sales were ¥43,270 million, up 19.3% year on year; operating income was ¥238 million, compared with an operating loss of ¥2,025 million in the same period of the prior year; ordinary income was ¥583 million, compared with an ordinary loss of ¥2,048 million; and net loss attributable to owners of the parent was ¥63 million, compared with a net loss of ¥2,395 million.」
Operating income and ordinary income recovered from losses in the same period of the prior year to ¥238 million and ¥583 million, respectively, while net sales increased 19.3%. Net loss attributable to owners of the parent remained at ¥63 million. - FY2022-Q1Added FY2022-Q1 results showing recovery in performanceAnnual report
「For the first quarter of the current consolidated cumulative period, net sales were ¥22,649 million, up 19.1% year on year; operating income was ¥448 million, compared with an operating loss of ¥1,523 million in the same period of the prior year; ordinary income was ¥776 million, compared with an ordinary loss of ¥1,609 million; and net income attributable to owners of the parent was ¥344 million, compared with a net loss of ¥1,839 million.」
FY2022-Q1 shifted from lower sales and operating and net losses in the same period of the prior year to higher sales and profits, with net sales of ¥22,649 million, operating income of ¥448 million, ordinary income of ¥776 million, and net income attributable to owners of the parent of ¥344 million. - FY2021-Q3Added FY2021-Q3 cumulative results showing deteriorating performanceAnnual report
「For the first nine months of the current consolidated cumulative period, net sales were ¥61,439 million, down 27.0% year on year; operating loss was ¥1,611 million, compared with operating income of ¥2,077 million in the same period of the prior year; ordinary loss was ¥1,497 million, compared with ordinary income of ¥2,105 million; and net loss attributable to owners of the parent was ¥2,340 million, compared with net income of ¥1,357 million.」
FY2021-Q3 cumulative net sales were ¥61,439 million, operating loss was ¥1,611 million, ordinary loss was ¥1,497 million, and net loss attributable to owners of the parent was ¥2,340 million, resulting in a shift from profit in the same period of the prior year to a loss. - FY2021-Q2Added FY2021-Q2 cumulative results showing deteriorating performanceAnnual report
「For the first six months of the current consolidated cumulative period, net sales were ¥36,277 million, down 35.7% year on year; operating loss was ¥2,025 million, compared with operating income of ¥1,388 million in the same period of the prior year; ordinary loss was ¥2,048 million, compared with ordinary income of ¥1,390 million; and net loss attributable to owners of the parent was ¥2,395 million, compared with net income of ¥815 million.」
FY2021-Q2 cumulative net sales were ¥36,277 million, operating loss was ¥2,025 million, ordinary loss was ¥2,048 million, and net loss attributable to owners of the parent was ¥2,395 million, resulting in a shift from profit in the same period of the prior year to a loss. - FY2021-Q1Added FY2021-Q1 results showing deteriorating performanceAnnual report
「For the first quarter of the current consolidated cumulative period, net sales were ¥19,021 million, down 31.2% year on year; operating loss was ¥1,523 million, compared with operating income of ¥641 million in the same period of the prior year; ordinary loss was ¥1,609 million, compared with ordinary income of ¥650 million; and net loss attributable to owners of the parent was ¥1,839 million, compared with net income of ¥276 million.」
FY2021-Q1 net sales were ¥19,021 million, operating loss was ¥1,523 million, ordinary loss was ¥1,609 million, and net loss attributable to owners of the parent was ¥1,839 million, resulting in a sharp shift from profit in the same period of the prior year to lower sales and a loss. - FY2020Added FY2020 full-year resultsAnnual report
「As a result, for the fiscal year, net sales were ¥112,081 million, down 5.5% year on year; operating income was ¥2,720 million, down 27.3%; ordinary income was ¥2,820 million, down 23.6%; and net income attributable to owners of the parent was ¥553 million, down 77.6%.」
FY2020 full-year net sales were ¥112,081 million, operating income was ¥2,720 million, ordinary income was ¥2,820 million, and net income attributable to owners of the parent was ¥553 million, resulting in lower sales and earnings. - FY2020-Q3Added evidence of weaker cumulative third-quarter resultsAnnual report
「For the cumulative third quarter of the current consolidated fiscal year, net sales were ¥84,166 million, down 6.4% year on year, operating profit was ¥2,077 million, down 34.5%, ordinary profit was ¥2,105 million, down 35.1%, and quarterly net profit attributable to owners of the parent was ¥1,357 million, down 41.1%.」
For the cumulative third quarter, net sales were ¥84,166 million, operating profit was ¥2,077 million, ordinary profit was ¥2,105 million and quarterly net profit attributable to owners of the parent was ¥1,357 million, representing lower sales and profit year on year. - FY2020-Q2Added evidence of weaker cumulative second-quarter resultsAnnual report
「For the cumulative second quarter of the current consolidated fiscal year, net sales were ¥56,387 million, down 5.6% year on year, operating profit was ¥1,388 million, down 18.4%, ordinary profit was ¥1,390 million, down 18.3%, and quarterly net profit attributable to owners of the parent was ¥815 million, down 27.3%.」
For the FY2020-Q2 cumulative period, net sales were ¥56,387 million, operating profit was ¥1,388 million, ordinary profit was ¥1,390 million and quarterly net profit attributable to owners of the parent was ¥815 million, representing lower sales and profit year on year. - FY2020-Q1Added evidence of weaker performance in FY2020-Q1Annual report
「For the cumulative first quarter of the current consolidated fiscal year, net sales were ¥27,657 million, down 9.8% year on year, operating profit was ¥641 million, down 40.3%, ordinary profit was ¥650 million, down 31.1%, and quarterly net profit attributable to owners of the parent was ¥276 million, down 56.7%.」
In FY2020-Q1, net sales were ¥27,657 million, operating profit was ¥641 million, ordinary profit was ¥650 million and quarterly net profit attributable to owners of the parent was ¥276 million, representing lower sales and profit year on year. - FY2019Added FY2019 full-year resultsAnnual report
「As a result, net sales for the consolidated fiscal year were ¥118,579 million, up 1.1% year on year, operating profit was ¥3,740 million, up 14.0%, ordinary profit was ¥3,691 million, up 8.5%, and net profit attributable to owners of the parent was ¥2,474 million, down 14.1%.」
For the full fiscal year, net sales were ¥118,579 million, operating profit was ¥3,740 million and ordinary profit was ¥3,691 million, representing higher sales and profit, while net profit attributable to owners of the parent was ¥2,474 million, down 14.1% year on year. - FY2019-Q3Added evidence of improved cumulative third-quarter resultsAnnual report
「For the cumulative third quarter of the current consolidated fiscal year, net sales were ¥89,908 million, up 4.9% year on year, operating profit was ¥3,172 million, up 45.2%, ordinary profit was ¥3,244 million, up 40.8%, and quarterly net profit attributable to owners of the parent was ¥2,303 million, up 47.4%.」
For the cumulative third quarter of the consolidated fiscal year, net sales were ¥89,908 million, operating profit was ¥3,172 million, ordinary profit was ¥3,244 million and quarterly net profit attributable to owners of the parent was ¥2,303 million, continuing the year-on-year increases in sales and profit. - FY2019-Q2Added cumulative second-quarter resultsAnnual report
「For the cumulative second quarter of the current consolidated fiscal year, net sales were ¥59,744 million, up 5.9% year on year, operating profit was ¥1,701 million, up 51.7%, ordinary profit was ¥1,701 million, up 58.1%, and quarterly net profit attributable to owners of the parent was ¥1,122 million, up 46.6%.」
For the cumulative second quarter, net sales were ¥59,744 million, operating profit was ¥1,701 million, ordinary profit was ¥1,701 million and quarterly net profit attributable to owners of the parent was ¥1,122 million, continuing the year-on-year increases in sales and profit. - FY2019-Q1Added FY2019-Q1 resultsAnnual report
「For the cumulative first quarter of the current consolidated fiscal year, net sales were ¥30,652 million, up 7.8% year on year, operating profit was ¥1,073 million, up 57.5%, ordinary profit was ¥944 million, up 71.5%, and quarterly net profit attributable to owners of the parent was ¥638 million, up 39.8%.」
In FY2019-Q1, net sales were ¥30,652 million, operating profit was ¥1,073 million, ordinary profit was ¥944 million and quarterly net profit attributable to owners of the parent was ¥638 million, continuing the year-on-year increases in sales and profit. - FY2018Added evidence of higher sales and profit for FY2018 full-yearAnnual report
「As a result, net sales for the consolidated fiscal year were ¥117,339 million, up 6.4% year on year, operating profit was ¥3,281 million, up 22.9%, ordinary profit was ¥3,400 million, up 66.1%, and net profit attributable to owners of the parent was ¥2,878 million, up 83.6%.」
Following lower sales and profit in the previous fiscal year, the current fiscal year saw higher sales and profit, with net sales of ¥117,339 million, operating profit of ¥3,281 million, ordinary profit of ¥3,400 million and net profit attributable to owners of the parent of ¥2,878 million. - FY2018-Q3Added improved cumulative third-quarter resultsAnnual report
「For the cumulative third quarter of the current consolidated fiscal year, net sales were ¥85,711 million, up 4.8% year on year, operating profit was ¥2,185 million, up 32.6%, ordinary profit was ¥2,303 million, up 191.9%, and quarterly net profit attributable to owners of the parent was ¥1,563 million, compared with profit of ¥52 million in the same period of the previous year.」
The cumulative third quarter saw higher sales and profit, with ordinary profit of ¥2,303 million and quarterly net profit attributable to owners of the parent of ¥1,563 million. - FY2018-Q1Added recovery in performance in the first quarter of the following fiscal yearAnnual report
「For the cumulative first quarter of the current consolidated fiscal year, net sales were ¥28,439 million, up 2.1% year on year, operating profit was ¥681 million, up 56.8%, ordinary profit was ¥550 million, up 789.2%, and quarterly net profit attributable to owners of the parent was ¥456 million, compared with a loss of ¥307 million in the same period of the previous year.」
Compared with the previous fiscal year's first quarter, which saw lower sales, lower profit and a bottom-line loss, the current first quarter saw higher sales and profit and recorded quarterly net profit attributable to owners of the parent of ¥456 million. - FY2017Full-Year Results AddedAnnual report
「Net sales for the consolidated fiscal year were ¥110,275 million, down 8.2% year on year, due to lower domestic production and the impact of foreign exchange. Operating profit was ¥2,670 million, down 16.6%, ordinary profit was ¥2,047 million, down 25.5%, and net profit attributable to owners of the parent was ¥1,567 million, up 77.5%.」
Following the cumulative third-quarter results, the full-year results showed declines in net sales, operating profit and ordinary profit, together with a recovery in net profit attributable to owners of the parent to ¥1,567 million. - FY2017-Q3Added cumulative third-quarter resultsAnnual report
「Net sales were ¥81,767 million, down 7.3% year on year, and operating profit was ¥1,648 million, down 38.7%. However, as foreign exchange losses of ¥880 million were recorded as non-operating expenses due to the yen's appreciation, ordinary profit was ¥789 million, down 67.8%, and quarterly net profit attributable to owners of the parent was ¥52 million, down 96.7%.」
Following the cumulative first-half results, the cumulative third-quarter results also showed declines in net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent. - FY2017-Q2Added cumulative first-half resultsAnnual report
「Net sales were ¥54,571 million, down 7.5% year on year, and operating profit was ¥648 million, down 56.2%. However, as foreign exchange losses of ¥1,092 million were recorded as non-operating expenses due to the yen's appreciation, ordinary loss was ¥435 million, compared with ordinary profit of ¥1,510 million in the same period of the previous year, and the quarterly net loss attributable to owners of the parent was ¥872 million, compared with profit of ¥964 million.」
Following the first-quarter results, the cumulative second-quarter results also showed declines in net sales and operating profit, as well as an ordinary loss and a quarterly net loss attributable to owners of the parent. - FY2017-Q1First statedAnnual report
「Net sales were ¥27,848 million, down 3.9% year on year, operating profit was ¥434 million, down 17.0%, ordinary profit was ¥61 million, down 90.2% due to foreign exchange losses and other factors, and the quarterly net loss attributable to owners of the parent was ¥307 million, compared with profit of ¥299 million in the same period of the previous year.」
Net sales, operating profit and ordinary profit were below the same period of the previous year, and the company reported a quarterly net loss attributable to owners of the parent.