Increase in Other segment profit due to higher rebates
First written in FY2019-Q1. 5 of 16 entries say "Restated". Latest entry: FY2024.
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- FY2024DroppedAnnual report
「Domestic manufacturing performed steadily, despite continued adverse conditions from surging raw material and energy costs, as the recovery in inbound tourism and seasonal special demand caused by the intense summer heat proved beneficial.」
The increase in rebates, which had been cited through the previous fiscal year as a factor behind Other segment profit, was not mentioned in the FY2024 explanation of Industry segment performance. - FY2024-Q2RestatedAnnual report
「As a result, net sales declined by ¥745 million, or 8.2% year on year, to ¥8.335 billion, while segment profit (gross profit) increased by ¥71 million, or 9.2%, to ¥845 million due in part to higher rebates related to agrochemical products.」
In the Industry segment, segment profit increased due in part to higher rebates related to agrochemical products, while net sales declined. The explanation of profit support from higher rebates in the new segment continued from the previous quarter. - FY2024-Q1Higher rebates reappeared in the new segmentAnnual report
「As a result, net sales declined by ¥429 million, or 9.3% year on year, to ¥4.175 billion, while segment profit (gross profit) increased by ¥29 million, or 7.5%, to ¥420 million due in part to higher rebates related to agrochemical products.」
While lower rebates and the disappearance of references to them continued in the former Other segment, higher rebates related to agrochemical products were again cited as a factor supporting profit in the new Industry segment. - FY2023WorsenedAnnual report
「Other fell below the previous consolidated fiscal year due to decreases in flowers, seeds and seedlings, and other products. As a result, net sales declined by ¥14 million, or 3.7% year on year, to ¥369 million, while segment profit (gross profit) declined by ¥0 million, or 0.3%, to ¥59 million.」
After lower revenue and higher profit through the third quarter, full-year revenue declined due to decreases in flowers, seeds and seedlings, and other products, while segment profit also turned lower. - FY2023-Q3DroppedAnnual report
「Other fell below the same quarter of the previous year due to decreases in flowers, seeds and seedlings, and other products. As a result, net sales declined by ¥5 million, or 1.7% year on year, to ¥313 million, while segment profit (gross profit) increased by ¥1 million, or 4.5%, to ¥38 million.」
There was no mention of rebates, which had been cited as a profit driver through the previous quarter; only the decrease in flowers, seeds and seedlings, and other products and the increase in profit were explained. - FY2023-Q2Rebates turned higherAnnual report
「Other fell below the same quarter of the previous year due to decreases in flowers, seeds and seedlings, and other products. As a result, net sales declined by ¥23 million, or 18.8% year on year, to ¥101 million, while segment profit (gross profit) increased by ¥1 million, or 5.0%, to ¥33 million due in part to higher rebates.」
While lower rebates had been cited as a factor behind the decline in profit in the previous quarter, higher rebates were again cited in the current quarter as a factor supporting profit. Net sales declined due to decreases in flowers, seeds and seedlings, and other products, while segment profit increased. - FY2023-Q1Lower rebates continuedAnnual report
「Other fell below the same quarter of the previous year due to decreases in flowers, seeds and seedlings, and other products. As a result, net sales declined by ¥3 million, or 18.5% year on year, to ¥16 million, while segment profit (gross profit) declined by ¥2 million, or 24.5%, to ¥8 million due in part to lower rebates.」
Following the second and third quarters of the previous fiscal year, lower rebates were cited as a factor behind the decline in Other segment profit. The decrease in flowers, seeds and seedlings, and other products also contributed, resulting in lower revenue and profit. - FY2022DroppedAnnual report
「Other operations fell below the previous consolidated fiscal year as pesticide usage declined due to weather conditions.」
The increase in rebates, which had been cited through the previous fiscal year as a factor behind the increase in profit, was not mentioned in the current year's explanation of Other segment performance. - FY2022-Q3RestatedAnnual report
「Other fell below the same quarter of the previous year due to decreases in flowers, seeds and seedlings, and other products. As a result, net sales declined by ¥12 million, or 3.9% year on year, to ¥318 million, while segment profit (gross profit) declined by ¥4 million, or 10.3%, to ¥37 million due in part to lower rebates.」
Following the previous quarter, decreases in flowers, seeds and seedlings, and other products, together with lower rebates, were cited as factors behind the Other segment's lower revenue and profit. - FY2022-Q2Rebates turned lowerAnnual report
「Other fell below the same quarter of the previous year due to decreases in flowers, seeds and seedlings, and other products. As a result, net sales declined by ¥9 million, or 6.8% year on year, to ¥124 million, while segment profit (gross profit) declined by ¥10 million, or 24.3%, to ¥32 million due in part to lower rebates.」
Rebates, which had previously been cited as a factor behind the increase in profit, became a factor behind the decline in profit in the second quarter, and the Other segment reported lower revenue and profit. - FY2022-Q1Higher rebates reappearedAnnual report
「Other exceeded the same quarter of the previous year due to the early delivery of pesticides and fertilizers. As a result, net sales increased by ¥2 million, or 17.0% year on year, to ¥20 million, while segment profit (gross profit) increased substantially by ¥6 million, or 117.3%, to ¥11 million due in part to higher rebates.」
The increase in rebates, which had disappeared from the previous report, was again cited as a factor behind the increase in profit, and the Other segment reported a substantial increase in profit. - FY2020-Q1DroppedAnnual report
「Other operations fell below the same quarter of the previous year due in part to lower pesticide usage for pesticides used in apple cultivation. As a result, revenue decreased by ¥18 million, or 38.5%, to ¥28 million, while segment profit (gross profit) decreased by ¥11 million, or 35.1%, to ¥20 million.」
The increase in rebates, which had been cited through the previous fiscal year as a factor behind the increase in Other segment profit, was not mentioned in the explanation of results for the first quarter. - FY2019RestatedAnnual report
「Other operations fell below the same period of the previous year due to lower pesticide demand resulting from the low incidence of pests and diseases associated with favorable summer weather. As a result, revenue decreased by ¥22 million, or 4.0%, to ¥538 million, while segment profit (gross profit) increased by ¥16 million, or 23.7%, to ¥85 million due in part to higher rebates.」
The full-year explanation also reports a pattern of lower revenue due to decreased demand for pesticides, while segment profit increased due in part to higher rebates. - FY2019-Q3RestatedAnnual report
「Other fell below the same quarter of the previous year because lower pest and disease incidence reduced demand for pesticides. As a result, net sales declined by ¥35 million, or 7.6%, to ¥423 million, while segment profit (gross profit) increased by ¥10 million, or 25.6%, to ¥49 million due in part to higher rebates.」
The Other segment reported lower revenue due to decreased demand for pesticides, while segment profit increased due in part to higher rebates. The increase in profit from higher rebates continues to be reported. - FY2019-Q2RestatedAnnual report
「Other exceeded the same quarter of the previous year as mild winter weather and low snowfall brought forward demand for pesticides. As a result, net sales increased by ¥3 million, or 2.1%, to ¥162 million, while segment profit (gross profit) increased by ¥14 million, or 31.4%, to ¥60 million due to higher rebates.」
The Other segment reported higher revenue as mild winter weather and low snowfall brought forward demand for pesticides, while segment profit also exceeded the same quarter of the previous year due to higher rebates. - FY2019-Q1First statedAnnual report
「Other exceeded the same quarter of the previous year, due in part to an increase in pesticides for apple cultivation. As a result, net sales increased by ¥3 million, or 8.0%, to ¥46 million, while segment profit (gross profit) increased by ¥14 million, or 85.7%, to ¥31 million due to higher rebates.」
The Other segment reported higher revenue due to an increase in pesticides for apple cultivation, while segment profit increased 85.7% year on year due to higher rebates.