Maintaining profitable high growth in Japan and North America while balancing growth and efficiency
First written in FY2016. 15 of 33 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Full-year revenue and operating profit declined, with growth and efficiency deterioratingAnnual report
「For the fiscal year under review, consolidated net sales were ¥23,917 million, down ¥1,197 million, or 4.8%, from the previous fiscal year; operating income was ¥574 million, down ¥981 million, or 63.1%; and ordinary income was ¥534 million, down ¥954 million, or 64.1%.」
Full-year revenue declined 4.8%, operating profit declined 63.1% and ordinary profit declined 64.1%, representing deterioration in both growth and profitability compared with the previous year's higher revenue and profit. - FY2026-H1Growth and efficiency deteriorated due to lower revenue and lower profit.Annual report
「For the current interim consolidated accounting period, the Group reported revenue of ¥11,610 million, down ¥207 million, or 1.8%, year on year; operating profit of ¥208 million, down ¥461 million, or 68.9%; ordinary profit of ¥130 million, down ¥534 million, or 80.4%; and interim net profit attributable to owners of the parent of ¥69 million, down ¥426 million, or 85.9%.」
Revenue declined 1.8% and operating profit declined 68.9%. Compared with the higher revenue and profit recorded in the previous interim period, the result represented deterioration in both growth and efficiency. - FY2025-H1AdvancedAnnual report
「Operating profit was ¥669 million, up 8.3% year on year, as the increase in revenue more than offset the higher cost of sales ratio and increase in selling, general and administrative expenses.」
In the interim period, higher revenue caused the cost of sales ratio to rise from 35.9% to 36.5% and selling, general and administrative expenses also increased, but operating profit rose 8.3% year on year. Concrete progress was demonstrated in balancing growth and profitability in terms of earnings. - FY2024Operating profit declined due to a higher cost of sales ratio and increased selling, general and administrative expenses, despite higher revenue.Annual report
「Operating profit was ¥1,746 million, down 13.7% from the previous consolidated fiscal year, as the increase in revenue was more than offset by a higher cost of sales ratio and an increase in selling, general and administrative expenses.」
Full-year revenue was ¥23,177 million, up 8.8% year on year, while operating profit declined 13.7%. Due to the higher cost of sales ratio and increased selling, general and administrative expenses, the balance between higher revenue and efficiency deteriorated in terms of profitability. - FY2024-Q3Operating profit continues to decline despite higher revenue, due to increases in the cost of sales ratio and selling, general and administrative expenses.Annual report
「For the first 3 quarters of the current consolidated fiscal year, the Group reported revenue of ¥16,993 million, up ¥1,369 million, or 8.8%, year on year; operating profit of ¥1,183 million, down ¥327 million, or 21.7%; ordinary profit of ¥1,225 million, down ¥317 million, or 20.6%; and net profit attributable to owners of the parent of ¥732 million, down ¥405 million, or 35.6%.」
Revenue increased 8.8% year on year, while operating profit declined 21.7%, ordinary profit declined 20.6% and net profit attributable to owners of the parent declined 35.6%, indicating continued deterioration in profitability despite higher revenue. - FY2024-Q2Operating profit continues to decline despite higher revenue, due to the weaker yen, a higher cost of sales ratio and increased selling, general and administrative expenses.Annual report
「Operating profit was ¥617 million, down 33.4% year on year, as the increase in revenue was more than offset by a higher cost of sales ratio, mainly due to the weaker yen, and an increase in selling, general and administrative expenses.」
Revenue increased 9.6% year on year, while operating profit declined 33.4%. Due to the weaker yen, a higher cost of sales ratio and increased selling, general and administrative expenses, the balance between growth and efficiency deteriorated in terms of profitability. - FY2024-Q1Revenue increased, but operating profit declined due to the weaker yen, a higher cost-of-sales ratio and higher SG&A expensesAnnual report
「Although net sales increased, operating profit was ¥346 million, down 30.5% year on year, as the weaker yen raised the cost-of-sales ratio and selling, general and administrative expenses increased.」
Revenue increased 7.5% year on year, while operating profit declined 30.5%. Due to a higher cost of sales ratio caused by the weaker yen and an increase in selling, general and administrative expenses, the balance between growth and efficiency deteriorated in terms of profitability. - FY2023-Q3Revenue increased, but operating profit continued to decline due to the weaker yen, lower reimbursement prices and higher costsAnnual report
「For the cumulative third quarter of the current consolidated fiscal year, our group reported net sales of ¥15,624 million, up ¥1,646 million, or 11.8%, year on year; operating profit of ¥1,510 million, down ¥480 million, or 24.1%; ordinary profit of ¥1,543 million, down ¥411 million, or 21.1%; and quarterly net income attributable to owners of the parent of ¥1,138 million, down ¥495 million, or 30.3%.」
While net sales increased 11.8% year on year, operating profit declined 24.1%, ordinary profit declined 21.1% and quarterly net income attributable to owners of the parent declined 30.3%, with earnings continuing to deteriorate despite higher revenue. - FY2023-Q2Revenue increased, but operating profit continued to decline due to the weaker yen and higher costsAnnual report
「For the cumulative second quarter of the current consolidated fiscal year, our group reported net sales of ¥9,989 million, up ¥1,131 million, or 12.8%, year on year; operating profit of ¥927 million, down ¥131 million, or 12.4%; ordinary profit of ¥916 million, down ¥126 million, or 12.1%; and quarterly net income attributable to owners of the parent of ¥721 million, down ¥281 million, or 28.1%. Although net sales increased, operating profit was ¥927 million, down 12.4% year on year, as the weaker yen raised the cost-of-sales ratio and selling, general and administrative expenses increased.」
While net sales increased 12.8%, operating profit declined 12.4%. The rise in the cost-of-sales ratio due to the weaker yen and the increase in selling, general and administrative expenses were cited as factors behind the decline in operating profit despite higher revenue. - FY2023-Q1Revenue increased, but operating profit declined due to the weaker yen and other factorsAnnual report
「For the cumulative first quarter of the current consolidated fiscal year, our group reported net sales of ¥5,027 million, up ¥489 million, or 10.8%, year on year; operating profit of ¥498 million, down ¥55 million, or 10.1%; ordinary profit of ¥483 million, down ¥58 million, or 10.7%; and quarterly net income attributable to owners of the parent of ¥336 million, down ¥27 million, or 7.4%.」
While net sales increased 10.8% year on year, operating profit declined 10.1%, ordinary profit declined 10.7% and quarterly net income attributable to owners of the parent declined 7.4%, indicating a setback in achieving both growth and efficiency on the earnings side. - FY2022-Q3AdvancedAnnual report
「Although the cumulative third quarter of the current consolidated fiscal year continued to be affected by COVID-19, our group’s business environment improved. Net sales were ¥13,978 million, up ¥1,669 million, or 13.6%, year on year; operating profit was ¥1,991 million, up ¥422 million, or 26.9%; ordinary profit was ¥1,954 million, up ¥417 million, or 27.1%; and quarterly net income attributable to owners of the parent was ¥1,634 million, up ¥616 million, or 60.6%.」
Despite the continuing impact of COVID-19, net sales increased 13.6% and operating profit increased 26.9%, indicating quantitative progress in achieving both growth and profitability. - FY2022-Q2AdvancedAnnual report
「Although the cumulative second quarter of the current consolidated fiscal year continued to be affected by COVID-19, our group’s business environment improved. Net sales were ¥8,858 million, up ¥1,105 million, or 14.3%, year on year; operating profit was ¥1,058 million, up ¥234 million, or 28.4%; ordinary profit was ¥1,042 million, up ¥236 million, or 29.4%; and quarterly net income attributable to owners of the parent was ¥1,003 million, up ¥477 million, or 90.6%.」
Improvement in the business environment resulted in net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeding the previous year’s levels. - FY2022-Q1AdvancedAnnual report
「Although the cumulative first quarter of the current consolidated fiscal year continued to be affected by COVID-19, our group’s business environment began to recover. Net sales were ¥4,537 million, up ¥1,128 million, or 33.1%, year on year; operating profit was ¥554 million, up ¥312 million, or 129.0%; ordinary profit was ¥542 million, up ¥303 million, or 127.2%; and quarterly net income attributable to owners of the parent was ¥363 million, up ¥231 million, or 176.3%.」
Although the impact of COVID-19 remained, net sales, operating profit, ordinary profit and quarterly net income recovered significantly year on year, with renewed quantitative evidence of progress in growth and efficiency. - FY2021-Q3Revenue and profit declines due to COVID-19 continued into the third quarterAnnual report
「The global spread of COVID-19 significantly restricted our group’s economic activities during the cumulative third quarter of the current consolidated fiscal year. As a result, net sales were ¥12,308 million, down ¥1,198 million, or 8.9%, year on year; operating profit was ¥1,569 million, down ¥479 million, or 23.4%; ordinary profit was ¥1,537 million, down ¥457 million, or 22.9%; and quarterly net income attributable to owners of the parent was ¥1,017 million, down ¥438 million, or 30.1%.」
During the cumulative third quarter, net sales, operating profit, ordinary profit and net income attributable to owners of the parent remained below the previous year’s levels due to the impact of COVID-19. - FY2021-Q2Revenue and profit continued to decline due to COVID-19Annual report
「The global spread of COVID-19 significantly restricted our group’s economic activities during the cumulative second quarter of the current consolidated fiscal year. As a result, net sales were ¥7,753 million, down ¥1,029 million, or 11.7%, year on year; operating profit was ¥823 million, down ¥442 million, or 34.9%; ordinary profit was ¥806 million, down ¥417 million, or 34.1%; and quarterly net income attributable to owners of the parent was ¥526 million, down ¥395 million, or 42.9%.」
Due to the impact of COVID-19, net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all fell below the previous year’s levels, with revenue and profit declines continuing from the first quarter. - FY2021-Q1Revenue and profit declined due to COVID-19, with growth and efficiency deterioratingAnnual report
「The global spread of COVID-19 significantly restricted our group’s economic activities during the cumulative first quarter of the current consolidated fiscal year. As a result, net sales were ¥3,409 million, down ¥955 million, or 21.9%, year on year; operating profit was ¥242 million, down ¥404 million, or 62.5%; ordinary profit was ¥238 million, down ¥391 million, or 62.2%; and quarterly net income attributable to owners of the parent was ¥131 million, down ¥316 million, or 70.6%.」
Due to the impact of COVID-19, net sales, operating profit, ordinary profit and quarterly net income all fell below the previous year’s levels, representing a significant setback from the previous progress in growth and efficiency. - FY2020AdvancedAnnual report
「Operating profit was ¥2,644 million, up 18.3% from the previous consolidated fiscal year, due to higher net sales and a lower SG&A-to-sales ratio.」
For the full year, higher net sales and a lower SG&A-to-sales ratio occurred together, resulting in an 18.3% increase in operating profit. Specific full-year progress in achieving both growth and efficiency was reported. - FY2020-Q3AdvancedAnnual report
「Net sales were ¥13,507 million, up ¥1,465 million, or 12.2%, year on year; operating profit was ¥2,049 million, up ¥435 million, or 27.0%; ordinary profit was ¥1,995 million, up ¥389 million, or 24.2%; and quarterly net income attributable to owners of the parent was ¥1,456 million, up ¥324 million, or 28.7%. Operating profit was ¥2,049 million, up 27.0% year on year, due to higher net sales and a lower SG&A-to-sales ratio.」
For the cumulative third quarter, in addition to higher net sales, the SG&A-to-sales ratio declined from 57.3% to 56.3%, and operating profit increased 27.0% year on year. Specific progress in achieving both growth and efficiency was reported. - FY2020-Q2AdvancedAnnual report
「For the cumulative second quarter of the current consolidated fiscal year, the business group reported net sales of ¥8,782 million, up ¥1,231 million, or 16.3%, year on year; operating profit of ¥1,266 million, up ¥407 million, or 47.4%; ordinary profit of ¥1,223 million, up ¥391 million, or 47.1%; and quarterly net income attributable to owners of the parent of ¥922 million, up ¥327 million, or 55.1%.」
In the cumulative second quarter, in addition to higher net sales, operating profit increased 47.4%. The SG&A-to-sales ratio also declined from 59.6% in the same quarter of the previous year to 56.7%, indicating progress in achieving both growth and efficiency. - FY2020-Q1AdvancedAnnual report
「Operating profit was ¥646 million, up 41.1% year on year, due to higher net sales and a lower SG&A-to-sales ratio.」
Higher net sales and a lower SG&A-to-sales ratio resulted in a 41.1% year-on-year increase in operating profit. Specific progress in achieving both growth and efficiency was reported. - FY2019-Q3AdvancedAnnual report
「For the cumulative third quarter of the current consolidated fiscal year, the business group reported net sales of ¥12,041 million, up ¥1,396 million, or 13.1%, year on year; operating profit of ¥1,613 million, up ¥96 million, or 6.4%; ordinary profit of ¥1,605 million, up ¥137 million, or 9.3%; and quarterly net income attributable to owners of the parent of ¥1,132 million, up ¥158 million, or 16.3%. Operating profit was ¥1,613 million, up 6.4% year on year, as higher net sales and a lower SG&A-to-sales ratio outweighed the increase in the cost-of-sales ratio.」
Net sales increased 13.1% and operating profit increased 6.4%, while the SG&A-to-sales ratio declined from 58.2% to 57.3%. The cost-of-sales ratio rose, however, with growth and efficiency moving differently by expense category. - FY2019-Q2AdvancedAnnual report
「Operating profit was ¥859 million, up 5.6% year on year, as higher net sales and a lower SG&A-to-sales ratio outweighed the increase in the cost-of-sales ratio.」
For the cumulative second quarter, higher net sales and a decline in the SG&A-to-sales ratio from 60.2% to 59.6% resulted in a 5.6% year-on-year increase in operating profit despite the higher cost-of-sales ratio. - FY2019-Q1Revenue increased, but operating and ordinary profit declined, indicating deterioration in efficiencyAnnual report
「For the cumulative first quarter of the current consolidated fiscal year, the business group reported net sales of ¥3,763 million, up ¥393 million, or 11.7%, year on year; operating profit of ¥458 million, down ¥1 million, or 0.3%; ordinary profit of ¥440 million, down ¥12 million, or 2.7%; and quarterly net income attributable to owners of the parent of ¥316 million, up ¥36 million, or 12.9%. Operating profit was ¥458 million, down 0.3% year on year, due to increases in the cost-of-sales ratio and SG&A-to-sales ratio.」
While net sales increased 11.7% year on year, operating profit declined 0.3% and ordinary profit declined 2.7%. Increases in the cost-of-sales ratio and SG&A-to-sales ratio were cited as factors behind the decline in operating profit. - FY2018-Q3Revenue and profit increased, but the SG&A-to-sales ratio deterioratedAnnual report
「Total selling, general and administrative expenses in Japan and the United States increased 9.2% year on year to ¥6,192 million. Salaries and allowances rose as personnel were added to strengthen sales capabilities, depreciation increased as more medical instruments were provided on loan to expand sales of new and existing products from the third quarter of the previous year, commissions increased as sales in the United States grew, and the yen-denominated amount of selling, general and administrative expenses in the United States increased due to the weaker yen, among other factors. The SG&A-to-sales ratio was 58.2%, compared with 57.3% in the same quarter of the previous year. Operating profit was ¥1,517 million, up 3.0% year on year, as the increase in net sales outweighed the rise in selling, general and administrative expenses.」
While operating profit increased 3.0% year on year due to higher net sales, the SG&A-to-sales ratio deteriorated from 57.3% to 58.2% because selling, general and administrative expenses increased. - FY2018-Q2Revenue increased, but operating profit declined, indicating deterioration in efficiencyAnnual report
「For the cumulative second quarter of the current consolidated fiscal year, the business group reported net sales of ¥6,614 million, up ¥218 million, or 3.4%, year on year; operating profit of ¥814 million, down ¥47 million, or 5.5%; ordinary profit of ¥782 million, up ¥24 million, or 3.3%; and quarterly net income attributable to owners of the parent of ¥487 million, up ¥7 million, or 1.5%.」
While net sales, ordinary profit and quarterly net income attributable to owners of the parent increased, operating profit declined 5.5% year on year. A temporary setback in achieving both growth and efficiency was evident in operating profit. - FY2018-Q1AdvancedAnnual report
「For the cumulative first quarter of the current consolidated fiscal year, the business group reported net sales of ¥3,369 million, up ¥139 million, or 4.3%, year on year; operating profit of ¥459 million, up ¥118 million, or 34.6%; ordinary profit of ¥452 million, up ¥124 million, or 38.0%; and quarterly net income attributable to owners of the parent of ¥280 million, up ¥70 million, or 33.3%.」
During the cumulative first quarter, net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the previous year’s levels, with operating profit up 34.6%. - FY2017AdvancedAnnual report
「Operating profit was ¥1,909 million, up 11.8% from the previous consolidated fiscal year, reflecting higher net sales and improvements in the cost-of-sales ratio and SG&A-to-sales ratio.」
For the full year, higher net sales and improvements in the cost-of-sales ratio and SG&A-to-sales ratio resulted in an 11.8% year-on-year increase in operating profit. Full-year results demonstrating both growth and efficiency were reported. - FY2017-Q3AdvancedAnnual report
「Operating profit was ¥1,472 million, up 21.0% year on year, reflecting higher net sales and improvements in the cost-of-sales ratio and SG&A-to-sales ratio.」
In addition to higher net sales, improvements in the cost-of-sales ratio and SG&A-to-sales ratio resulted in a 21.0% year-on-year increase in operating profit. Specific results demonstrating both growth and efficiency were reported. - FY2017-Q2AdvancedAnnual report
「Operating profit was ¥861 million, up 24.4% year on year, reflecting higher net sales and an improvement in the SG&A-to-sales ratio.」
For the cumulative second quarter, operating profit rose 24.4% year on year against a backdrop of higher net sales and an improved SG&A-to-sales ratio, demonstrating progress in achieving both growth and efficiency. - FY2016First statedAnnual report
「The company aims to accelerate its growth as a manufacturer, maintain profitable high growth not only in Japan but also in North America, and achieve both growth and efficiency.」
This indicates the simultaneous pursuit of growth, profitability and efficiency under the medium-term management plan.