Maintaining and Improving Profits Despite Lower Revenue
First written in FY2016-Q2. 15 of 41 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-09-10.
Top Culture moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 105 companies on the "Worse" side.
13 other companies' latest entry also says "Cited as achieved".
- 2026-09-10Cited as achievedEarnings presentation
「Net sales 14,041 △3.8 13,250 △5.6 14,617 10.3 Operating profit △301 — △221 — 133 — Ordinary profit △351 — △284 — 103 —」
For the cumulative third quarter, net sales increased 10.3% year on year, while operating profit and ordinary profit turned from losses to profits. The results shifted from profit improvement despite lower revenue to increases in both revenue and profit. - FY2026-H1Return to operating and ordinary profitability despite lower revenue, with net profit driven by negative goodwillAnnual report
「As a result, for the interim consolidated accounting period, revenue was ¥9,398 million (101.0% of the prior-year period), operating profit was ¥142 million (compared with an operating loss of ¥111 million in the previous interim period), and ordinary profit was ¥113 million (compared with an ordinary loss of ¥149 million). Interim net profit attributable to owners of the parent was ¥812 million, due to the recognition of a gain on the bargain purchase of a subsidiary (compared with an interim net loss attributable to owners of the parent of ¥262 million in the previous interim period).」
Revenue was 101.0% of the prior-year period, while operating profit and ordinary profit recovered from losses to profitability. Interim net profit attributable to owners of the parent was ¥812 million, due to a gain on the bargain purchase of a subsidiary. - FY2025Narrower operating loss despite lower revenue, but wider net lossAnnual report
「As a result, for the fiscal year, consolidated revenue was ¥17,333 million (94.1% of the prior year), operating loss was ¥391 million (compared with an operating loss of ¥501 million in the prior year), ordinary loss was ¥476 million (compared with an ordinary loss of ¥577 million), and net loss attributable to owners of the parent was ¥731 million (compared with a net loss attributable to owners of the parent of ¥717 million in the prior year).」
Although revenue declined, operating loss and ordinary loss narrowed, while net loss attributable to owners of the parent widened from ¥717 million to ¥731 million. - FY2025-H1Narrower operating loss despite lower revenue, but wider net lossAnnual report
「As a result, for the interim consolidated accounting period, revenue was ¥9,302 million (95.0% of the prior-year period), operating loss was ¥111 million (compared with an operating loss of ¥162 million in the previous interim consolidated accounting period), ordinary loss was ¥149 million (compared with an ordinary loss of ¥192 million), and interim net loss attributable to owners of the parent was ¥262 million (compared with an interim net loss attributable to owners of the parent of ¥218 million).」
Revenue decreased to 95.0% of the prior-year period. Operating loss and ordinary loss narrowed, while interim net loss attributable to owners of the parent widened. - FY2024Narrower operating loss despite lower revenueAnnual report
「Although revenue fell below the prior year due to store closures, each profit measure exceeded the prior year.」
Full-year revenue decreased to 97.2% of the prior-year period, while operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the prior year. - FY2024-Q2Slight narrowing of operating loss despite lower revenueAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥9,792 million (95.4% of the prior-year period), operating loss was ¥162 million (compared with an operating loss of ¥166 million in the same quarter of the prior year), ordinary loss was ¥192 million (compared with an ordinary loss of ¥195 million), and quarterly net loss attributable to owners of the parent was ¥218 million (compared with a quarterly net loss attributable to owners of the parent of ¥244 million).」
Revenue decreased to 95.4% of the prior-year period and losses continued, but operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed slightly from the prior-year period. - FY2024-Q1WorsenedAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥5,073 million (94.0% of the prior-year period), operating loss was ¥31 million (compared with operating profit of ¥39 million in the prior-year period), ordinary loss was ¥48 million (compared with ordinary profit of ¥21 million), and quarterly net loss attributable to owners of the parent was ¥56 million (compared with quarterly net profit attributable to owners of the parent of ¥11 million).」
Revenue decreased to 94.0% of the prior-year period, and operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all turned into losses. - FY2023WorsenedAnnual report
「As a result, for the fiscal year, revenue was ¥18,953 million (90.7% of the prior year), operating loss was ¥802 million (compared with an operating loss of ¥154 million in the prior year), ordinary loss was ¥888 million (compared with an ordinary loss of ¥187 million), and net loss attributable to owners of the parent was ¥1,376 million (compared with a net loss attributable to owners of the parent of ¥272 million).」
Revenue decreased to 90.7% of the prior-year period, while operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the prior year. - FY2023-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥14,597 million (90.5% of the same quarter of the prior year), operating loss was ¥472 million (compared with operating profit of ¥109 million), ordinary loss was ¥519 million (compared with ordinary profit of ¥95 million), and quarterly net loss attributable to owners of the parent was ¥577 million (compared with quarterly net profit attributable to owners of the parent of ¥43 million).」
Revenue decreased to 90.5% of the prior-year period, and operating profit, ordinary profit and net profit all turned into losses, with lower revenue, lower profit and losses becoming more pronounced. - FY2023-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥10,265 million (90.1% of the prior-year period), operating loss was ¥166 million (compared with operating profit of ¥55 million in the same quarter of the prior year), ordinary loss was ¥195 million (compared with ordinary profit of ¥53 million), and quarterly net loss attributable to owners of the parent was ¥244 million (compared with quarterly net profit attributable to owners of the parent of ¥19 million).」
Revenue decreased to 90.1% of the prior-year period, and operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all turned into losses. - FY2023-Q1RestatedAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥5,396 million (89.7% of the prior-year period), operating profit was ¥39 million (25.5%), ordinary profit was ¥21 million (14.7%), and quarterly net profit attributable to owners of the parent was ¥11 million (9.2%).」
Revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the prior-year period, but net profit remained positive, reaffirming the pattern of lower revenue and lower profit while maintaining positive net profit. - FY2022-Q3Continued lower revenue and lower profit, but net profit remained positiveAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥16,124 million (compared with ¥20,613 million in the same quarter of the prior year), operating profit was ¥109 million (compared with operating profit of ¥476 million), ordinary profit was ¥95 million (compared with ordinary profit of ¥403 million), and quarterly net profit attributable to owners of the parent was ¥43 million (compared with a quarterly net loss attributable to owners of the parent of ¥1,788 million).」
Revenue, operating profit and ordinary profit fell below the same quarter of the prior year, but quarterly net profit attributable to owners of the parent was positive at ¥43 million, improving from the prior-year net loss. - FY2022-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥11,387 million (compared with ¥14,593 million in the same quarter of the prior year), operating profit was ¥55 million (compared with operating profit of ¥204 million), ordinary profit was ¥53 million (compared with ordinary profit of ¥203 million), and quarterly net profit attributable to owners of the parent was ¥19 million (compared with ¥157 million).」
Revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the same quarter of the prior year, progressing from the previous quarter's profit growth despite lower revenue to lower revenue and lower profit. - FY2022-Q1Higher operating and ordinary profit despite lower revenueAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥6,019 million (compared with ¥7,640 million in the same quarter of the prior year), operating profit was ¥153 million (compared with operating profit of ¥145 million), ordinary profit was ¥149 million (compared with ordinary profit of ¥135 million), and quarterly net profit attributable to owners of the parent was ¥126 million (unchanged from ¥126 million).」
While revenue was below the prior-year period, operating profit and ordinary profit increased, and quarterly net profit attributable to owners of the parent was unchanged. The figures reflect the application of the revenue recognition accounting standard. - FY2021WorsenedAnnual report
「As a result, for the fiscal year, revenue was ¥26,407 million (87.7% of the prior year), operating profit was ¥356 million (81.6%), ordinary profit was ¥276 million (57.9%), and net loss attributable to owners of the parent was ¥1,939 million (compared with net profit attributable to owners of the parent of ¥371 million in the prior year).」
Revenue, operating profit and ordinary profit fell below the prior-year period, while net profit attributable to owners of the parent turned into a ¥1,939 million loss. The company explained that a ¥2,144 million loss on withdrawal from the rental business had a significant impact on net loss. - FY2021-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥20,613 million (down 11.6% from the same quarter of the prior year), operating profit was ¥476 million (up 1.1%), ordinary profit was ¥403 million (down 18.0%), and quarterly net loss attributable to owners of the parent was ¥1,788 million (compared with quarterly net profit attributable to owners of the parent of ¥428 million in the same quarter of the prior year).」
Revenue declined 11.6% and ordinary profit fell 18.0%. Although operating profit increased, the company recorded a quarterly net loss attributable to owners of the parent of ¥1,788 million due to a loss on withdrawal from the rental business. - FY2021-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥14,593 million (down 8.6% from the same quarter of the prior year), operating profit was ¥204 million (down 40.6%), ordinary profit was ¥203 million (down 45.9%), and quarterly net profit attributable to owners of the parent was ¥157 million (down 51.6%).」
Revenue declined 8.6%, and operating profit, ordinary profit and quarterly net profit attributable to owners of the parent also fell below the prior-year period. The company shifted from the previous pattern of profit growth despite lower revenue to lower revenue and lower profit. - FY2021-Q1Continued Higher Earnings Despite Lower RevenueAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥7,640 million (97.5% of the prior-year period), operating profit was ¥145 million (175.9%), ordinary profit was ¥135 million (113.3%), and quarterly net profit attributable to owners of the parent was ¥126 million (115.6%).」
While revenue decreased to 97.5% of the prior-year period, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all increased, with profit growth despite lower revenue continuing. - FY2020Full-year profit expansion despite lower revenueAnnual report
「For the fiscal year, revenue was ¥30,127 million (96.6% of the prior year), operating profit was ¥436 million (250.6%), ordinary profit was ¥476 million (308.9%), and net profit attributable to owners of the parent was ¥371 million (273.1%).」
Although revenue declined 3.4%, operating profit, ordinary profit and net profit attributable to owners of the parent all increased significantly, confirming profit growth despite lower revenue on a full-year basis. - FY2020-Q3Expanded profits despite lower revenueAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥23,310 million (down 2.5% from the same quarter of the prior year), operating profit was ¥470 million (up 107.3%), ordinary profit was ¥491 million (up 123.3%), and quarterly net profit attributable to owners of the parent was ¥428 million (up 795.4%).」
While revenue decreased 2.5% from the prior-year period, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all increased significantly, with profit growth despite lower revenue expanding further from the previous quarter. - FY2020-Q2Higher operating, ordinary and net profit despite lower revenueAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥15,964 million (down 5.4% from the same quarter of the prior year), operating profit was ¥343 million (up 8.2%), ordinary profit was ¥376 million (up 28.8%), and quarterly net profit attributable to owners of the parent was ¥324 million (up 175.1%).」
While revenue declined 5.4%, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the prior-year period. - FY2020-Q1Higher ordinary and net profit, lower operating profit despite lower revenueAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥7,835 million (89.0% of the prior-year period), operating profit was ¥82 million (69.5%), ordinary profit was ¥119 million (113.7%), and quarterly net profit attributable to owners of the parent was ¥109 million (132.6%).」
Revenue and operating profit were below the prior-year period, while ordinary profit and quarterly net profit attributable to owners of the parent exceeded the prior-year period, showing divergent trends across profit items. - FY2019Full-year recovery to profitability despite lower revenueAnnual report
「As a result, for the fiscal year, revenue was ¥31,185 million (96.7% of the prior year), operating profit was ¥174 million (compared with an operating loss of ¥1,132 million in the prior year), ordinary profit was ¥154 million (compared with an ordinary loss of ¥1,199 million), and net profit attributable to owners of the parent was ¥135 million (compared with a net loss attributable to owners of the parent of ¥1,384 million).」
Although revenue declined 3.3%, operating profit, ordinary profit and net profit attributable to owners of the parent recovered to profitability, marking a full-year recovery from the prior-year losses. - FY2019-Q3Continued recovery to profitability despite lower revenueAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥23,905 million (down 1.0% from the same quarter of the prior year), operating profit was ¥227 million (compared with an operating loss of ¥874 million in the same quarter of the prior year), ordinary profit was ¥220 million (compared with an ordinary loss of ¥922 million), and quarterly net profit attributable to owners of the parent was ¥47 million (compared with a quarterly net loss attributable to owners of the parent of ¥1,401 million).」
Although revenue decreased 1.0% from the prior-year period, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent were all profitable, continuing the recovery from the prior-year losses. - FY2019-Q2Continued Revenue and Profit GrowthAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥16,884 million (up 3.0% from the same quarter of the prior year), operating profit was ¥317 million (compared with an operating loss of ¥448 million in the same quarter of the prior year), ordinary profit was ¥292 million (compared with an ordinary loss of ¥474 million), and quarterly net profit attributable to owners of the parent was ¥118 million (compared with a quarterly net loss attributable to owners of the parent of ¥902 million).」
Operating, ordinary and net losses in the second quarter of the prior year turned into profits, with revenue increasing 3.0% and the company recording operating profit of ¥317 million, ordinary profit of ¥292 million and quarterly net profit attributable to owners of the parent of ¥118 million. - FY2019-Q1Return to Revenue and Profit GrowthAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥8,806 million (102.0% of the prior-year period), operating profit was ¥118 million (119.6%), ordinary profit was ¥104 million (128.9%), and quarterly net profit attributable to owners of the parent was ¥82 million (418.9%).」
Operating and ordinary losses in the prior year turned into profits, and revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the prior-year period. - FY2018WorsenedAnnual report
「As a result, for the fiscal year, revenue was ¥32,257 million (103.2% of the prior year), operating loss was ¥1,132 million (compared with operating profit of ¥307 million in the prior year), ordinary loss was ¥1,199 million (compared with ordinary profit of ¥257 million), and net loss attributable to owners of the parent was ¥1,384 million (compared with net loss attributable to owners of the parent of ¥2,456 million in the prior year).」
Although revenue increased 3.2%, operating profit and ordinary profit turned into losses. Net loss narrowed from the prior year, but operating and ordinary losses were incurred despite higher revenue. - FY2018-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥24,143 million (up 1.9% from the same quarter of the prior year), while operating loss was ¥874 million (compared with operating profit of ¥121 million in the same quarter of the prior year), ordinary loss was ¥922 million (compared with ordinary profit of ¥85 million), and quarterly net loss attributable to owners of the parent was ¥1,401 million (compared with quarterly net profit attributable to owners of the parent of ¥26 million).」
While revenue increased 1.9% from the prior-year period, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all turned into losses, with profits deteriorating further despite higher revenue. - FY2018-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥16,390 million (down 0.1% from the same quarter of the prior year), while operating loss was ¥448 million (compared with operating profit of ¥381 million in the same quarter of the prior year), ordinary loss was ¥474 million (compared with ordinary profit of ¥360 million), and quarterly net loss attributable to owners of the parent was ¥902 million (compared with quarterly net profit attributable to owners of the parent of ¥227 million).」
Revenue was nearly flat, down 0.1% from the same quarter of the prior year, but operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all turned into losses. - FY2018-Q1Profit deterioration despite higher revenueAnnual report
「As a result, for the cumulative first quarter of the fiscal year, revenue was ¥8,635 million (100.3% of the prior-year period), operating profit was ¥99 million (90.9%), ordinary profit was ¥81 million (84.7%), and quarterly net profit attributable to owners of the parent was ¥19 million (37.8%).」
While revenue exceeded the prior-year period by 0.3%, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all declined, resulting in lower profit despite higher revenue, unlike the previous pattern of profit deterioration amid lower revenue. - FY2017WorsenedAnnual report
「As a result, for the fiscal year, revenue was ¥31,257 million (98.5% of the prior year), operating profit was ¥307 million (41.3%), ordinary profit was ¥257 million (36.8%), and net loss attributable to owners of the parent was ¥2,456 million (compared with net profit attributable to owners of the parent of ¥378 million in the prior year).」
In addition to lower revenue, operating profit and ordinary profit declined significantly, while net profit attributable to owners of the parent turned into a ¥2,456 million loss, marking a further deterioration from the previous pattern of maintaining or improving profits despite lower revenue. - FY2017-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the fiscal year, revenue was ¥23,703 million (97.5% of the prior-year period), operating profit was ¥121 million (23.8%), ordinary profit was ¥85 million (18.0%), and quarterly net profit attributable to owners of the parent was ¥26 million (11.4%).」
In addition to lower revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all declined significantly year on year, marking a further deterioration from the previous pattern of maintaining or improving profits despite lower revenue. - FY2017-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the fiscal year, revenue was ¥16,402 million (96.3% of the prior-year period), operating profit was ¥381 million (73.6%), ordinary profit was ¥360 million (73.4%), and quarterly net profit attributable to owners of the parent was ¥227 million (76.7%).」
Revenue decreased to 96.3% of the prior-year period, while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent also fell to the 73%–77% range, marking a deterioration from the previous pattern of maintaining or improving profits despite lower revenue. - FY2017-Q1WorsenedAnnual report
「As a result, for the first quarter of the current fiscal year, the Group reported revenue of ¥8,612 million, or 97.1% of the previous corresponding period, operating profit of ¥109 million, or 37.6%, ordinary profit of ¥96 million, or 35.9%, and profit attributable to owners of the parent of ¥52 million, or 29.3%.」
Revenue decreased to 97.1% of the prior-year period, while operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all declined significantly, marking a further deterioration from the previous pattern of maintaining or improving profits despite lower revenue. - FY2016-Q3RestatedAnnual report
「As a result, for the first nine months of the current fiscal year, the Group reported revenue of ¥24,306 million, or 96.4% of the previous corresponding period, operating profit of ¥511 million, or 100.3%, ordinary profit of ¥473 million, or 104.2%, and profit attributable to owners of the parent of ¥229 million, or 106.6%.」
Revenue remained below the previous corresponding period, while operating profit, ordinary profit and profit attributable to owners of the parent continued to exceed the previous corresponding period. - FY2016-Q2First statedAnnual report
「As a result, for the first six months of the current fiscal year, the Group reported revenue of ¥17,035 million, or 97.6% of the previous corresponding period, operating profit of ¥518 million, or 100.4%, ordinary profit of ¥491 million, or 101.7%, and profit attributable to owners of the parent of ¥296 million, or 122.1%.」
While revenue was below the previous corresponding period, operating profit, ordinary profit and profit attributable to owners of the parent exceeded the previous corresponding period.