Improved Profitability in Thailand and the Benefit of Increased Sales in China
First written in FY2017-Q1. 9 of 34 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
Yorozu moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 4 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Fixed-cost reductions and higher profit from rationalization despite lower production in ChinaAnnual report
「Production volumes fell sharply in China and also declined in Thailand, Indonesia and other locations, resulting in revenue of ¥34,566 million, down 11.5% from the previous fiscal year. Despite the sharp decline in production volumes, operating profit increased by ¥833 million from the previous fiscal year to ¥892 million through fixed-cost reductions and the “Success 25V” rationalisation initiatives.」
The explanation shifted from the previous structure of rising production in China and improved profitability in Thailand to securing higher profit through fixed-cost reductions and rationalisation amid lower production in China, Thailand and Indonesia. - FY2026-H1Higher profit from rationalisation despite lower revenueAnnual report
「Revenue declined 23.1% year on year to ¥15,707 million as production volumes fell sharply in China and also declined in Thailand, Indonesia and other locations. Despite the sharp decline in production volumes, operating profit increased by ¥95 million year on year to ¥182 million as the company pursued rationalisation.」
In Asia, revenue declined sharply due to lower production volumes in China, Thailand, Indonesia and other locations, while operating profit increased by ¥95 million year on year to ¥182 million due to rationalisation. - FY2025WorsenedAnnual report
「Despite the effects of the weaker yen on foreign-exchange translation and other factors, revenue declined 20.9% from the previous fiscal year to ¥39,043 million, mainly due to the decrease in production volumes in China and other factors. Despite the effects of rationalisation and other factors, operating profit fell 96.2% from the previous fiscal year to ¥59 million due to the decrease in production volumes and other factors.」
In Asia, revenue declined 20.9% due to the decrease in production volumes in China and other factors, while operating profit also fell sharply from ¥1,539 million to ¥59 million. - FY2025-H1Lower Asia revenue, return to operating profitabilityAnnual report
「③ Asia: Despite the positive foreign-exchange translation impact from the weaker yen and other factors, revenue declined 12.6% from the same accounting period of the previous year to ¥20,417 million, mainly due to the decrease in production volumes in China and other factors. Operating profit increased by ¥837 million from the same accounting period of the previous year to ¥86 million.」
Asia revenue declined 12.6% due to the decrease in production volumes in China and other factors, but operating results improved from a loss in the same period of the previous year to a profit of ¥86 million. - FY2024WorsenedAnnual report
「Although revenue benefited from the translation impact of the weaker yen, it declined across Asia, mainly due to the decrease in production volumes in China, falling by ¥9,894 million from the previous fiscal year to ¥49,357 million. Despite the effects of rationalisation and other factors, operating profit declined 5.1% from the previous fiscal year to ¥1,539 million due to the decrease in production volumes and other factors.」
Asia revenue and operating profit both declined due to the decrease in production volumes in China. - FY2024-Q3WorsenedAnnual report
「③ Asia: Despite the positive translation impact from the weaker yen and other factors, revenue declined 22.6% year on year to ¥34,139 million, mainly due to the decrease in production volumes in China and other factors. Operating results deteriorated by ¥1,670 million year on year, resulting in an operating loss of ¥1,153 million, mainly due to the decrease in production volumes and other factors.」
Asia revenue declined 22.6% due to the decrease in production volumes in China and other factors, while operating results deteriorated by ¥1,670 million year on year, resulting in an operating loss of ¥1,153 million. - FY2024-Q2WorsenedAnnual report
「③ Asia: Despite the positive translation impact from the weaker yen and other factors, revenue declined 12.0% year on year to ¥23,353 million, mainly due to the decrease in production volumes in China and other factors. Operating results declined by ¥613 million year on year, resulting in an operating loss of ¥750 million, mainly due to the decrease in production volumes and other factors.」
Asia revenue declined 12.0% due to the decrease in production volumes in China and other factors, while operating results declined by ¥613 million year on year, resulting in an operating loss of ¥750 million. - FY2024-Q1WorsenedAnnual report
「Net sales declined 8.4% year on year to ¥12,312 million, despite the translation impact of the weaker yen, due mainly to lower production volumes in China. Operating income was a loss of ¥463 million, a decline of ¥242 million from the same period of the previous year, due mainly to lower production volumes.」
Asia revenue declined 8.4% due to the decrease in production volumes in China and other factors, while the operating loss widened by ¥242 million year on year to ¥463 million. - FY2023Compensation income and other items offset lower productionAnnual report
「Although production declined across Asia, mainly due to lower production volumes in China, net sales increased 17.2% from the previous fiscal year to ¥59,252 million, owing to higher steel prices and the translation impact of the weaker yen. Despite lower production, operating profit increased 1.4% from the previous fiscal year to ¥1,622 million, due mainly to compensation for production equipment for projects that had reached the end of production.」
Although production declined, mainly in China, higher steel prices, the translation impact of the weaker yen and compensation for production equipment increased Asian operating profit 1.4%. - FY2023-Q3Lower profit due to higher sales and rising pricesAnnual report
「Asian sales increased 29.7% year on year to ¥44,119 million, owing to higher steel prices and the translation impact of the weaker yen. Operating profit declined 10.1% year on year to ¥516 million due to lower production and the impact of rising prices.」
Asian sales increased 29.7% due to higher steel prices and the translation impact of the weaker yen, while operating profit declined 10.1% due to lower production and rising prices. - FY2023-Q2WorsenedAnnual report
「Operating income was a loss of ¥137 million, a decline of ¥867 million from the same period of the previous year, due to lower production and the impact of rising prices.」
In Asia, operating income deteriorated from a profit in the same period of the previous year to a loss of ¥137 million due to lower production and rising prices. - FY2023-Q1WorsenedAnnual report
「Asian sales increased 21.9% year on year to ¥13,438 million, owing to higher steel prices and the translation impact of the weaker yen. Operating income was a loss of ¥221 million, a decline of ¥652 million from the same period of the previous year, due to production volumes being level with the previous year and the impact of rising prices.」
Sales increased due to higher steel prices and the translation impact of the weaker yen, but Asian operating income deteriorated from a profit in the previous year to a loss of ¥221 million due to rising prices and other factors. - FY2022AdvancedAnnual report
「Net sales increased 14.2% from the previous fiscal year to ¥50,541 million, owing to higher production volumes in Thailand and India and the translation impact of the weaker yen. Operating profit increased 13.7% from the previous fiscal year to ¥1,600 million, due mainly to the impact of higher sales.」
Higher production volumes in Thailand and India and the translation impact of the weaker yen increased Asian sales 14.2% and operating profit 13.7%. - FY2022-Q3AdvancedAnnual report
「Net sales declined 22.8% from the same period of the previous year to ¥29,337 million, due to substantial production cuts by customers in Thailand, China, India and Indonesia. Although operating income declined sharply by 96.3% from the same period of the previous year due to the impact of lower sales, the segment secured a profit of ¥39 million, mainly due to the recovery in China.」
Customer production cuts continued at all Asian sites, but the recovery in China enabled the segment to secure an operating profit of ¥39 million. - FY2022-Q2AdvancedAnnual report
「Net sales increased 37.8% year on year to ¥22,522 million, owing mainly to a substantial recovery in demand from customers in China. Operating profit improved ¥1,470 million from the operating loss in the same period of the previous year to a profit of ¥730 million, due to the impact of higher sales.」
A recovery in demand from major customers in China increased Asian sales 37.8%, and operating income improved from a loss in the same period of the previous year to a profit of ¥730 million. - FY2022-Q1AdvancedAnnual report
「Net sales increased 64.7% year on year to ¥11,025 million, owing mainly to a substantial recovery in demand from customers in China. Operating profit improved ¥1,097 million from the operating loss in the same period of the previous year to a profit of ¥431 million, due to the impact of higher sales.」
A recovery in demand from major customers in China increased Asian sales 64.7%, and operating income improved from a loss in the same period of the previous year to a profit of ¥431 million. - FY2021WorsenedAnnual report
「Net sales declined 15.8% from the previous fiscal year to ¥44,240 million and operating profit declined 35.6% to ¥1,407 million, due to substantial production cuts by customers in Thailand, India and Indonesia and the resulting impact of lower sales.」
Substantial production cuts by customers in Thailand, India and Indonesia reduced both Asian sales and operating profit. - FY2021-Q3WorsenedAnnual report
「③ Asia: Net sales declined 22.8% from the same period of the previous year to ¥29,337 million, due to substantial production cuts by customers in Thailand, China, India and Indonesia. Although operating income declined sharply by 96.3% from the same period of the previous year due to the impact of lower sales, the segment secured a profit of ¥39 million, mainly due to the recovery in China.」
Customer production cuts continued at all sites in Thailand, China, India and Indonesia, reducing Asian sales 22.8% and operating profit 96.3% year on year. The segment nevertheless secured a profit of ¥39 million due to the recovery in China. - FY2021-Q2Asian segment turns loss-making due to lower production across all regionsAnnual report
「Asian net sales declined 35.3% from the same period of the previous year to ¥16,346 million, due to substantial production cuts by customers in Thailand, China, India and Indonesia. Operating income was a loss of ¥739 million, due to the impact of lower sales.」
Production cuts, previously concentrated in China and Thailand through the previous quarter, spread to all sites in Thailand, China, India and Indonesia, resulting in a 35.3% decline in sales and an operating loss of ¥739 million. - FY2021-Q1Lower sales and profit due to lower production across all regionsAnnual report
「Net sales declined 46.0% from the same period of the previous year to ¥6,692 million, due to substantial production cuts by customers in Thailand, China, India and Indonesia. Operating income was a loss of ¥666 million, due to the impact of lower sales.」
Production cuts, previously concentrated in China and Thailand, spread to substantial customer production reductions at all sites in Thailand, China, India and Indonesia, worsening Asian sales and operating income. - FY2020-Q3Continued lower sales and profit due to lower production in China and ThailandAnnual report
「Net sales declined 13.5% year on year to ¥37,993 million and operating profit declined 53.8% to ¥1,072 million, due mainly to a substantial decrease in production and sales volumes at major customers in China and Thailand.」
Production and sales volumes at major customers in China and Thailand declined substantially, reducing both Asian sales and operating profit. - FY2020-Q2Lower sales and profit due to lower production in China and ThailandAnnual report
「Net sales declined 14.3% year on year to ¥25,250 million and operating profit declined 56.3% to ¥593 million, due mainly to a substantial decrease in production and sales volumes at major customers in China and Thailand.」
Lower production and sales volumes at major customers in China and Thailand reduced both Asian sales and operating profit. - FY2020-Q1Lower sales and profit due to lower production in China and ThailandAnnual report
「Net sales declined 17.3% year on year to ¥12,391 million and operating profit declined 69.0% to ¥240 million, due mainly to lower production and sales volumes at major customers in China and Thailand.」
Lower production and sales volumes at major customers in China and Thailand reduced both Asian sales and operating profit. - FY2019AdvancedAnnual report
「Although production and sales volumes in China fell below the previous year, the Group's sales in Asia increased 5.5% from the previous fiscal year to ¥59,392 million, owing mainly to increased production of SUVs by major customers and higher sales of dies and equipment associated with the launch of new vehicles at the Indonesian site. In terms of earnings, operating profit increased 10.9% from the previous fiscal year to ¥3,668 million, due to higher profit from increased production in China as well as improved profitability in Thailand.」
In addition to higher production in China and improved profitability in Thailand, increased SUV production and the launch of new vehicles in Indonesia contributed to full-year growth in Asian sales and operating profit. - FY2019-Q3AdvancedAnnual report
「The Group's sales in Asia increased 10.5% year on year to ¥43,933 million, owing mainly to higher production in China. Operating profit increased 34.1% year on year to ¥2,324 million, due to higher profit from increased production in China as well as improved profitability in Thailand.」
Higher production in China and improved profitability in Thailand increased both Asian sales and operating profit, with the rate of operating profit growth accelerating from the previous quarter. - FY2019-Q2AdvancedAnnual report
「The Group's sales in Asia increased 12.8% year on year to ¥29,450 million, owing mainly to higher production in China. Operating profit increased 9.3% year on year to ¥1,358 million, due mainly to improved profitability in Thailand.」
Higher production in China and improved profitability in Thailand increased both Asian sales and operating profit year on year. - FY2019-Q1AdvancedAnnual report
「The Group's sales in Asia increased 17.3% year on year to ¥14,979 million, owing mainly to higher production in China. Operating profit increased 17.4% year on year to ¥776 million, due mainly to improved profitability in Thailand.」
Higher production in China and improved profitability in Thailand increased both Asian sales and operating profit year on year. - FY2018-Q3Widening decline in Asian profit despite higher production in ChinaAnnual report
「Despite lower production in Thailand and Indonesia, net sales increased 5.7% year on year to ¥39,747 million, owing mainly to higher production in China. Operating profit declined 20.7% year on year to ¥1,732 million, due mainly to lower production in countries other than China.」
Asian sales increased due to higher production in China, while operating profit declined 20.7% due to lower production in countries other than China, widening the decline from the previous quarter. - FY2018-Q2Lower production in India and Indonesia results in lower Asian profit despite higher production in ChinaAnnual report
「Despite lower production in Thailand, India and Indonesia, net sales increased 1.8% year on year to ¥26,101 million, owing mainly to higher production in China. Operating profit declined 13.9% year on year to ¥1,243 million, due mainly to the impact of lower production in India and Indonesia.」
Asian sales increased due to higher production in China, while operating profit declined due to lower production in India and Indonesia. - FY2018-Q1Higher production in China and lower production in Thailand result in lower Asian operating profitAnnual report
「Despite lower production in Thailand and Indonesia and the impact of the stronger yen, net sales increased 4.9% year on year to ¥12,774 million, owing mainly to higher production in China. Operating profit declined 9.1% year on year to ¥660 million, due mainly to the impact of lower production in Thailand.」
Asian sales increased due mainly to higher production in China, while operating profit declined due to lower production in Thailand. - FY2017Growth in local-currency terms but lower profit after yen translationAnnual report
「Operating profit increased in local-currency terms in China, Thailand and India, but declined 0.5% year on year to ¥3,545 million due to the impact of the stronger yen.」
Profit growth in local-currency terms in China, Thailand and India continued, but Asian operating profit declined after translation into yen due to the stronger yen. - FY2017-Q3RestatedAnnual report
「Although sales increased in local-currency terms in China and India, net sales declined 9.4% year on year to ¥37,621 million due to lower production in Thailand and the impact of the stronger yen. Operating profit increased 16.8% year on year to ¥2,185 million, owing mainly to improved profitability in Thailand.」
Improved profitability in Thailand continued to contribute to operating profit, while Asian sales declined due to lower production in Thailand and the stronger yen. - FY2017-Q2Some changes in the factors contributing to resultsAnnual report
「Although sales increased in local-currency terms in China and India, net sales declined 4.1% year on year to ¥25,638 million due to lower production in Thailand and the impact of the stronger yen on yen translation. Operating profit increased 85.9% year on year to ¥1,443 million, owing mainly to improved profitability in Thailand.」
Improved profitability in Thailand continued, while higher sales in China were limited to local-currency terms, and total sales in Asia declined due to lower production in Thailand and the impact of the stronger yen. - FY2017-Q1First statedAnnual report
「Operating profit increased approximately 5.5 times to ¥726 million, owing to improved profitability in Thailand and the effect of higher sales in China.」
The disclosure states that improved profitability in Thailand and higher sales in China contributed to operating profit in the Asia segment.