Management That Treats Securing Ordinary Income and Net Income as Its Overriding Imperative
First written in FY2018. 11 of 32 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-14.
Nichiryoku moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
10 other companies' latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「The objective metrics used to assess the achievement of the company’s management objectives are sales, operating profit, net profit and EPS (earnings per share), from the perspective of expanding earnings while prioritizing shareholder returns.」
With sales, operating profit, net profit and EPS as its metrics, the company reported a 22.9% decrease in sales, an operating loss of ¥420.577 million, a net loss of ¥133.134 million and negative EPS of ¥7.76 for the fiscal year. - FY2026-H1WorsenedAnnual report
「Ordinary loss of ¥222 million (ordinary loss of ¥81 million in the same interim period of the previous year)」
While prioritizing the securing of ordinary profit and net profit, the ordinary loss widened from ¥81 million in the same interim period of the previous year to ¥223 million. Meanwhile, interim net profit was ¥720 million, owing to a gain on the transfer of a business. - FY2025WorsenedAnnual report
「The objective metrics used to assess the achievement of the company’s management objectives are sales, operating profit, net profit and EPS (earnings per share), from the perspective of expanding earnings while prioritizing shareholder returns.」
With sales, operating profit, net profit and EPS as its metrics, the company reported a 21.4% decrease in sales, an operating loss of ¥98 million, a net loss of ¥271 million and negative EPS of ¥16.92 for the fiscal year. - FY2025-H1WorsenedAnnual report
「As a result, for the six-month interim accounting period, revenue was ¥1.119 billion, down 25.7% year on year, operating loss was ¥69 million, compared with operating profit of ¥172 million in the same period of the previous year, ordinary loss was ¥81 million, compared with ordinary profit of ¥138 million, and interim net loss was ¥74 million, compared with interim net income of ¥290 million.」
Despite the policy of prioritizing the securing of ordinary profit and net profit, the company reported an interim ordinary loss of ¥81.309 million and an interim net loss of ¥74.173 million. - FY2024-Q3AdvancedAnnual report
「As a result, for the first nine months, revenue was ¥2.184 billion, down 4.5% year on year, operating profit was ¥238 million, up 319.5%, ordinary profit was ¥196 million, compared with an ordinary loss of ¥8 million in the same period of the previous year, and quarterly net income was ¥337 million, compared with a quarterly net loss of ¥10 million.」
For the nine months ended, the company reported ordinary profit of ¥196.438 million and quarterly net profit of ¥337.205 million, turning a loss in the same period of the previous year into a profit. - FY2024-Q2AdvancedAnnual report
「As a result, for the first six months, revenue was ¥1.506 billion, up 1.4% year on year, operating profit was ¥172 million, compared with an operating loss of ¥8 million in the same period of the previous year, ordinary profit was ¥138 million, compared with an ordinary loss of ¥56 million, and quarterly net income was ¥290 million, compared with a quarterly net loss of ¥59 million.」
Under a policy focused on securing profits, the company reported ordinary profit of ¥138.66 million and quarterly net profit of ¥290.574 million for the six months ended, turning a loss in the same period of the previous year into a profit. - FY2024-Q1AdvancedAnnual report
「As a result, for the first cumulative quarter, revenue was ¥735 million, up 11.7% year on year, operating profit was ¥66 million, compared with an operating loss of ¥38 million in the same period of the previous year, ordinary profit was ¥49 million, compared with an ordinary loss of ¥57 million, and quarterly net income was ¥197 million, compared with a quarterly net loss of ¥63 million.」
Under a policy focused on securing profits, the company reported ordinary profit of ¥49 million and quarterly net profit of ¥197 million, turning a loss in the same period of the previous year into a profit. - FY2023ReframedAnnual report
「The objective indicators used to assess progress toward the company's management targets are revenue, operating income, net income and EPS, or earnings per share, in line with growth in earnings from the perspective of prioritizing shareholder returns.」
The company has moved from its previous explanation centered on EPS to explicitly presenting revenue, operating income, net income and EPS in parallel as indicators for assessing progress toward management targets. - FY2023-Q3WorsenedAnnual report
「As a result, for the first nine months, revenue was ¥2.285 billion, up 6.9% year on year, operating profit was ¥56 million, down 61.6%, ordinary loss was ¥8 million, compared with ordinary profit of ¥63 million in the same period of the previous year, and quarterly net loss was ¥10 million, compared with quarterly net income of ¥15 million.」
Despite the emphasis on securing ordinary income and net income, ordinary results and quarterly net results shifted from profits in the same period of the previous year to losses. - FY2023-Q2WorsenedAnnual report
「Quarterly net income or quarterly net loss per share (△) ¥0.04 △¥4.01」
While positioning EPS as an indicator for assessing progress toward management targets, the cumulative second-quarter period resulted in a quarterly net loss per share of ¥4.01, a shift from profit in the same period of the previous year to a loss. - FY2023-Q1Quarterly EPS is negativeAnnual report
「Quarterly net loss per share (△) or net income per share (yen) △3.73 △4.30 9.54」
While positioning EPS as an indicator for assessing progress toward management targets, the quarterly net loss per share was ¥4.30 in the first quarter, with the loss widening from ¥3.73 in the same period of the previous year. - FY2022ReframedAnnual report
「The objective indicator used to assess progress toward the company's management targets is EPS, or earnings per share, in line with growth in earnings from the perspective of prioritizing shareholder returns.」
The company has moved from the previous wording of making securing EPS the target to positioning EPS as the objective indicator for assessing progress toward management targets in the current fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, for the first nine months, revenue was ¥2.138 billion, up 14.1% year on year, operating profit was ¥148 million, compared with an operating loss of ¥75 million in the same period of the previous year, ordinary profit was ¥63 million, compared with an ordinary loss of ¥287 million, and quarterly net income was ¥15 million, compared with a quarterly net loss of ¥319 million.」
The cumulative third-quarter period produced ordinary income of ¥63.075 million and quarterly net income of ¥15.026 million, a shift from losses in the same period of the previous year to profits. - FY2022-Q2AdvancedAnnual report
「As a result, for the first six months, revenue was ¥1.408 billion, up 16.0% year on year, operating profit was ¥74 million, compared with an operating loss of ¥68 million in the same period of the previous year, ordinary profit was ¥12 million, compared with an ordinary loss of ¥106 million, and quarterly net income was ¥0 million, compared with a quarterly net loss of ¥87 million.」
The cumulative second-quarter period produced ordinary income of ¥12.415 million and quarterly net income of ¥466,000, a shift from losses in the same period of the previous year to profits. - FY2022-Q1Losses narrowed, but profitability has not been restoredAnnual report
「As a result, for the first cumulative quarter, revenue was ¥662 million, up 29.0% year on year, operating profit was ¥1 million, compared with an operating loss of ¥97 million in the same period of the previous year, ordinary loss was ¥35 million, compared with an ordinary loss of ¥115 million, and quarterly net loss was ¥47 million, compared with a quarterly net loss of ¥90 million.」
Although operating income returned to profitability, the company recorded an ordinary loss of ¥35.804 million and a quarterly net loss of ¥47.830 million, and has still not secured ordinary income or net income. Meanwhile, losses narrowed from the same period of the previous year. - FY2021RestatedAnnual report
「However, as the end of the COVID-19 pandemic remains unforeseeable, for the 56th fiscal year we will work toward securing EPS as our target.」
The company has positioned EPS as an indicator of shareholder returns and reconfirmed its policy of making securing EPS the target for the 56th fiscal year. - FY2021-Q3WorsenedAnnual report
「As a result, for the first nine months, revenue was ¥1.874 billion, down 19.0% year on year, operating loss was ¥75 million, compared with operating profit of ¥75 million in the same period of the previous year, ordinary loss was ¥287 million, compared with ordinary profit of ¥27 million, and quarterly net loss was ¥319 million, compared with quarterly net income of ¥90 million.」
Despite the policy of emphasizing the securing of ordinary income and net income, the cumulative third-quarter period resulted in an ordinary loss of ¥287.509 million and a quarterly net loss of ¥319.570 million. - FY2021-Q1WorsenedAnnual report
「The company recorded an ordinary loss of ¥115 million (an ordinary loss of ¥24 million in the same quarter of the previous year) and a quarterly net loss of ¥90 million (a quarterly net loss of ¥16 million in the same quarter of the previous year).」
Despite the policy of emphasizing the securing of profits, the quarter resulted in an ordinary loss of ¥115.459 million and a quarterly net loss of ¥90.471 million, with losses widening from the same quarter of the previous year. - FY2020ReframedAnnual report
「From the perspective of prioritizing shareholder returns, we place importance on increasing EPS, or earnings per share, in line with growth in revenue and profit. However, as the end of the COVID-19 pandemic remains unforeseeable, for the 55th fiscal year we will work toward securing EPS as our target.」
In light of COVID-19, the company has changed from its previous specific targets of net income of ¥180 million and resuming dividend payments for the fiscal year ending March 2020 to stating that securing EPS is the target for the 55th fiscal year. - FY2020-Q3AdvancedAnnual report
「The company recorded ordinary income of ¥27 million. After recognizing ¥8 million in current income taxes, inhabitant taxes and enterprise taxes and a deferred income tax adjustment of negative ¥23 million, quarterly net income was ¥90 million, compared with a quarterly net loss of ¥17 million in the same quarter of the previous year.」
The company recorded ordinary income of ¥27.377 million and quarterly net income of ¥90.500 million, shifting from ordinary and net losses in the same quarter of the previous year to profits. - FY2020-Q2AdvancedAnnual report
「For the cumulative second-quarter period, the company reported revenue of ¥1.605 billion, up 3.9% year on year, operating income of ¥99 million, up 253.7%, ordinary income of ¥67 million, compared with an ordinary loss of ¥9 million in the same quarter of the previous year, and quarterly net income of ¥36 million, compared with a quarterly net loss of ¥8 million in the same quarter of the previous year.」
In line with the policy of making securing profits the highest priority, the cumulative second-quarter period produced ordinary income of ¥67.233 million and quarterly net income of ¥36.999 million, a shift from losses in the same period of the previous year to profits. - FY2020-Q1Ordinary loss and net loss recorded in the first quarterAnnual report
「The company recorded an ordinary loss of ¥24 million (ordinary income of ¥27 million in the same quarter of the previous year) and a quarterly net loss of ¥16 million (net income of ¥19 million in the same quarter of the previous year).」
Despite the policy of making securing profits the highest priority, the cumulative first-quarter period resulted in an ordinary loss of ¥24.233 million and a quarterly net loss of ¥16.469 million, a shift from profits to losses in the same quarter of the previous year. - FY2019RaisedAnnual report
「Although we have not established specific objective indicators, we recognize that restoring dividend payments for the fiscal year ending March 2020 is our highest priority, and will work toward the target of securing net income of ¥180 million for the fiscal year.」
The company has moved from its previous policy of not establishing quantitative indicators to setting specific targets of resuming dividend payments and achieving net income of ¥180 million by the fiscal year ending March 2020. - FY2019-Q3Losses narrowed, but profitability has not been restoredAnnual report
「The company recorded an ordinary loss of ¥22 million (an ordinary loss of ¥59 million in the same quarter of the previous year) and a quarterly net loss of ¥17 million (a quarterly net loss of ¥501 million in the same quarter of the previous year).」
Although the ordinary loss and quarterly net loss narrowed from the same period of the previous year, the company did not secure ordinary income or net income and continued to record losses. - FY2019-Q2Ordinary income and net income remain lossesAnnual report
「The company recorded an ordinary loss of ¥9 million (an ordinary loss of ¥13 million in the same quarter of the previous year) and a quarterly net loss of ¥8 million (a quarterly net loss of ¥15 million in the same quarter of the previous year).」
Although the losses narrowed from the same period of the previous year, the company did not secure ordinary income or quarterly net income in the cumulative second-quarter period, and recorded losses for both. - FY2019-Q1AdvancedAnnual report
「Revenue declined from the cumulative first quarter period of the previous year due to factors including a pronounced decline in construction prices for outdoor cemeteries and the increasing dispersion of potential buyers as a result of the proliferation of ossuary facilities, including automated facilities, particularly in Tokyo. However, the company secured profits by fundamentally reviewing its selling, general and administrative expenses.」
In line with the policy of making securing profits the highest priority, the company secured operating income, ordinary income and quarterly net income despite lower revenue by fundamentally reviewing selling, general and administrative expenses. - FY2018First statedAnnual report
「Although no specific objective indicators have been established for assessing progress toward management policies, strategies and targets, we recognize that securing ordinary income and net income is our highest priority.」
While no specific numerical targets or deadlines have been established, the company has explicitly identified securing ordinary income and net income as its most important management priority for the first time.