Lower Sales and Operating Profit but Higher Ordinary Profit and Net Income Amid Yen Appreciation
First written in FY2017-Q3. 14 of 32 entries say "Reframed", first in FY2017. Latest entry: 2026-08-06.
The whole theme swung hardest in 2018: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- 2026-08-06ReframedRevision of earnings forecasts
「Operating income was ¥14.264 billion, up 17.1% year on year; ordinary income was ¥18.486 billion, up 63.3%; and net income attributable to owners of the parent was ¥13.333 billion, up 68.3%.」
The year-on-year increases in sales and profit reported for the previous fiscal year continued in the first quarter, with net sales, operating income, ordinary income and quarterly net income all exceeding the prior-year period. - FY2026AdvancedAnnual report
「For the consolidated fiscal year, sales were ¥560,728 million, up 4.0% year on year, operating income was ¥73,702 million, up 2.8%, ordinary income was ¥82,753 million, up 14.9%, and net income attributable to owners of the parent was ¥60,499 million, up 12.5%.」
The full-year results changed from the previous year's pattern of higher revenue and lower profit to higher revenue and profit, with revenue, operating profit, ordinary profit and net income attributable to owners of the parent all exceeding the previous year's levels. - FY2026-H1AdvancedAnnual report
「As a result, despite the downward pressure from yen appreciation, net sales for the interim consolidated accounting period rose 2.0% year on year to ¥256,342 million. Operating income rose 4.5% to ¥31,580 million, mainly due to higher sales. Ordinary income rose 10.4% to ¥31,349 million, and interim net income attributable to owners of the parent rose 10.9% to ¥23,630 million.」
The situation changed from a year-on-year decline in revenue and profit in the previous corresponding period, with revenue, operating profit, ordinary profit and interim net profit all increasing year on year despite the downward pressure from the stronger yen. - FY2025ReframedAnnual report
「For the consolidated fiscal year, revenue was ¥539,047 million, up 5.3% year on year, operating profit was ¥71,720 million, down 1.4%, ordinary profit was ¥72,018 million, down 6.3%, and net profit attributable to owners of the parent was ¥53,776 million, down 5.7%.」
The performance mix shifted from the previous fiscal year’s pattern of higher revenue and higher profit to one in which revenue increased while operating profit, ordinary profit and net profit declined. - FY2025-H1ReframedAnnual report
「As a result of these activities, performance for the current interim consolidated accounting period benefited from the exchange-rate tailwind from the yen's depreciation. Revenue was ¥251.247 billion, up 4.9% year on year. Operating profit was ¥30.221 billion, down 7.0%, as the company advanced growth investments in R&D and human resources for the future and was affected by production restraints. Ordinary profit was ¥28.408 billion, down 20.8%, and profit attributable to owners of the parent was ¥21.316 billion, down 19.7%.」
Compared with the higher-sales, higher-profit trend in the same period of the previous year, the earnings profile shifted to higher sales due to the effect of yen depreciation, while operating income, ordinary income and interim net income declined because of growth investment and production curbs. - FY2024AdvancedAnnual report
「For the fiscal year under review, sales increased 6.1% year on year to ¥511.895 billion, reflecting strong performance in Europe, India, Southeast Asia and other parts of Asia, as well as the boost from the yen's depreciation. Operating profit increased 6.6% to ¥72.753 billion, as the Company actively pursued growth investments in human resources, research and development, and capital expenditures, while working to improve profitability through price revisions and other measures.」
The full-year earnings profile shifted to higher net sales and operating income, alongside improved profitability from growth investment and price revisions. - FY2024-Q3AdvancedAnnual report
「As a result, partly reflecting the positive effect of yen depreciation, for the third quarter cumulative consolidated period, net sales rose 7.7% year on year to ¥365,623 million, operating income rose 10.8% to ¥50,747 million, ordinary income rose 9.5% to ¥52,913 million, and net income attributable to owners of the parent rose 8.7% to ¥39,055 million. All four figures reached record highs.」
Revenue, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all exceeded the year-earlier period, reaching record highs for the cumulative third quarter. - FY2024-Q2AdvancedAnnual report
「As a result, performance for the cumulative second quarter of the current consolidated fiscal year benefited partly from the yen's depreciation. Revenue was ¥239.514 billion, up 7.9% year on year; operating profit was ¥32.505 billion, up 12.4%; ordinary profit was ¥35.851 billion, up 8.2%; and profit attributable to owners of the parent was ¥26.55 billion, up 8.4%. All reached record highs.」
Sales, operating income, ordinary income and net income attributable to owners of the parent all increased year on year, reaching record highs for the cumulative second quarter in each case. - FY2024-Q1AdvancedAnnual report
「For the first-quarter cumulative consolidated period, revenue was ¥109.2 billion, up 10.7% year on year; operating profit was ¥13.249 billion, up 40.2%; ordinary profit was ¥15.656 billion, up 29.4%; and net income attributable to owners of the parent was ¥11.1 billion, up 27.8%. All reached record highs.」
Revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the year-earlier levels, reaching record highs for the cumulative first-quarter period. - FY2023AdvancedAnnual report
「Revenue was ¥482.24 billion, up 12.6% from the previous fiscal year; operating profit was ¥68.219 billion, up 6.9%; ordinary profit was ¥70.882 billion, up 8.1%; and profit attributable to owners of the parent was ¥52.048 billion, up 10.1%. The company achieved record results for the third consecutive fiscal year.」
For the full year, net sales, operating income, ordinary income, and net income attributable to owners of the parent all increased, achieving record-high results for the third consecutive fiscal year. - FY2023-Q3AdvancedAnnual report
「As a result, for the first 3 quarters of the current consolidated fiscal year, revenue was ¥339.472 billion, up 11.0% year on year; operating income was ¥45.78 billion, up 0.7%; ordinary income was ¥48.32 billion, up 3.6%; and net income attributable to owners of the parent was ¥35.922 billion, up 6.0%.」
For the cumulative third quarter, revenue, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all exceeded the year-earlier period, with higher revenue and profit continuing. - FY2023-Q2AdvancedAnnual report
「As a result, for the first 2 quarters of the current consolidated cumulative period, revenue was ¥221.893 billion, up 9.8% year on year; operating profit was ¥28.912 billion, up 0.3%; ordinary profit was ¥33.140 billion, up 12.9%; and net profit attributable to owners of the parent was ¥24.5 billion, up 19.6%.」
Revenue, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year, and are described as having reached record highs, also benefiting from the positive effect of foreign exchange movements. - FY2023-Q1ReframedAnnual report
「As a result, for the cumulative first quarter of the current fiscal year, net sales were ¥98.639 billion, up 4.6% year on year, operating profit was ¥9.449 billion, down 23.9%, ordinary profit was ¥12.1 billion, down 4.9%, and quarterly net profit attributable to owners of the parent was ¥8.685 billion, down 0.5%.」
Although revenue is increasing, the earnings mix is shifting toward lower operating profit, ordinary profit and profit attributable to owners of the parent. - FY2022AdvancedAnnual report
「For the current consolidated fiscal year, net sales were ¥428.175 billion, up 8.8% year on year, operating profit was ¥63.806 billion, up 28.3%, ordinary profit was ¥65.577 billion, up 35.6%, and net profit attributable to owners of the parent was ¥47.289 billion, up 31.0%.」
For the full year, sales, operating income, ordinary income, and net income attributable to owners of the parent all increased. - FY2022-Q3AdvancedAnnual report
「As a result, for the current third-quarter cumulative period, net sales were ¥305.858 billion (up 10.8% year on year), operating profit was ¥45.457 billion (up 38.9%), ordinary profit was ¥46.632 billion (up 43.5%), and profit attributable to owners of the parent was ¥33.877 billion (up 43.5%), achieving record-high results.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year, resulting in record-high performance for the cumulative third quarter. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended the second quarter, revenue was ¥202.067 billion, up 13.0% year on year; operating profit was ¥28.836 billion, up 46.8%; ordinary profit was ¥29.366 billion, up 50.9%; and profit attributable to owners of the parent was ¥20.485 billion, up 47.2%. The company achieved record-high results.」
Revenue, operating profit, ordinary profit, and profit attributable to owners of the parent all exceeded the year-earlier period, resulting in record performance for the cumulative second quarter. - FY2022-Q1AdvancedAnnual report
「As a result, for the first quarter of the cumulative consolidated period, net sales were ¥94,298 million, up 17.6% year on year; operating income was ¥12,418 million, up 104.1%; ordinary income was ¥12,727 million, up 105.6%; and net income attributable to owners of the parent was ¥8,726 million, up 109.7%, achieving record-high results.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year, and the cumulative first-quarter results were reported to be record high. - FY2021AdvancedAnnual report
「For the current consolidated fiscal year, revenue was ¥393.499 billion, up 2.1% from the previous fiscal year, operating profit was ¥49.742 billion, up 18.9%, ordinary profit was ¥48.378 billion, up 13.4%, and net profit attributable to owners of the parent was ¥36.097 billion, up 13.6%.」
For the full year, revenue, operating income, ordinary income and profit attributable to owners of the parent all exceeded the previous year. - FY2021-Q3RestatedAnnual report
「For the cumulative third quarter, revenue was ¥276.053 billion, down 1.1% year on year, reflecting the impact of the spread of COVID-19, while operating profit was ¥32.718 billion, up 17.0%, ordinary profit was ¥32.494 billion, up 12.9%, and profit attributable to owners of the parent was ¥23.611 billion, up 10.4%, owing to expense controls and careful selection of investments, among other factors.」
The performance structure continues in which revenue declines due to the spread of the infection, while operating profit, ordinary profit and net profit increase year on year. - FY2021-Q2ReframedAnnual report
「For the first 2 quarters of the fiscal year, revenue was ¥178.765 billion, down 4.1% year on year, due to the impact of the spread of COVID-19. However, through thorough expense reductions and restrained investment, operating profit rose 9.9% to ¥19.638 billion, ordinary profit rose 7.6% to ¥19.459 billion, and quarterly net income attributable to owners of the parent rose 5.1% to ¥13.916 billion.」
Although revenue declined due to the impact of COVID-19, the business shifted to a structure in which operating profit, ordinary profit and net profit increased year on year through expense reductions and restrained investment. - FY2021-Q1ReframedAnnual report
「Regarding results for the cumulative period of the first quarter of the current consolidated fiscal year, revenue was ¥80.176 billion, down 0.7% year on year, due to the impact of the spread of the novel coronavirus, despite recovering demand in regions showing signs of recovery. However, through rigorous expense control and other measures, operating profit was ¥6.085 billion, up 36.3% year on year, ordinary profit was ¥6.191 billion, up 38.2%, and quarterly net profit attributable to owners of the parent was ¥4.160 billion, up 22.0%.」
While sales declined slightly owing to the impact of the novel coronavirus, the business mix has shifted toward higher operating profit, ordinary profit and net profit year on year, supported by cost controls and a recovery in regional demand. - FY2020ReframedAnnual report
「Although business remained solid through the third quarter of the consolidated fiscal year, supported by resilient demand in Japan despite an economic slowdown in China, demand declined amid growing uncertainty in the global economy, including the US-China trade friction, and was also affected by the global spread of the novel coronavirus. Revenue was ¥385.443 billion, down 1.5% year on year; operating profit was ¥41.845 billion, down 5.9%; ordinary profit was ¥42.669 billion, down 6.1%; and net income attributable to owners of the parent was ¥31.766 billion, down 2.3%.」
The earnings mix has shifted from revenue and profit growth through the third quarter to lower full-year revenue and profit due to uncertainty in the global economy and the impact of COVID-19. - FY2020-Q3ReframedAnnual report
「Although the results for the nine-month period ended 31 December were affected by a gradual slowdown in China’s economy and sluggish semiconductor market conditions, net sales increased 0.3% year on year to ¥279.103 billion, operating profit increased 1.4% to ¥27.958 billion, ordinary profit increased 1.2% to ¥28.793 billion, and net profit attributable to owners of the parent increased 9.8% to ¥21.383 billion.」
Sales, operating profit, ordinary profit and net profit attributable to owners of the parent all increased year on year, representing a change from the composition in the previous quarter, which included a decline in ordinary profit. - FY2020-Q2ReframedAnnual report
「Although the results were affected by a gradual economic slowdown in China and weak semiconductor market conditions, solid demand in Japan and other factors resulted in revenue of ¥186.479 billion, up 2.0% year on year, operating profit of ¥17.869 billion, up 2.5%, ordinary profit of ¥18.082 billion, down 3.2%, and net profit attributable to owners of the parent of ¥13.246 billion, up 2.6%.」
The performance mix changed from declines in all indicators in the previous quarter: revenue, operating income and net income attributable to owners of the parent increased, while ordinary income decreased. - FY2020-Q1ReframedAnnual report
「However, the results for the current first-quarter cumulative period were affected by a gradual slowdown in China's economy, weak semiconductor market conditions, and the reaction to large projects in the previous year. Net sales were ¥80.76 billion (down 5.7% year on year), operating profit was ¥4.463 billion (down 22.2%), ordinary profit was ¥4.481 billion (down 31.9%), and profit attributable to owners of the parent was ¥3.411 billion (down 21.6%).」
The trend of higher revenue and higher profit seen in the first quarter of the previous fiscal year has changed, with revenue, operating profit, ordinary profit and net income all declining year on year against a backdrop of the slowdown in the Chinese economy, weak semiconductor market conditions and the absence of large projects. - FY2019-Q3RestatedAnnual report
「For the first 3 quarters of the fiscal year, revenue was ¥278.218 billion, up 5.7% year on year, operating profit was ¥27.568 billion, up 8.4%, ordinary profit was ¥28.457 billion, up 10.9%, and quarterly net income attributable to owners of the parent was ¥19.479 billion, up 8.0%.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year, confirming the continuation of higher revenue and profit from the previous quarter. - FY2019-Q2RestatedAnnual report
「For the cumulative second quarter, revenue was ¥182.854 billion, up 6.3% year on year, operating profit was ¥17.438 billion, up 10.7%, ordinary profit was ¥18.671 billion, up 19.6%, and profit attributable to owners of the parent was ¥12.916 billion, up 14.1%.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year, confirming the continuation of higher revenue and profit from the previous quarter. - FY2019-Q1ReframedAnnual report
「For the first-quarter cumulative consolidated period, revenue was ¥85.655 billion, up 13.0% year on year; operating profit was ¥5.739 billion, up 47.7%; ordinary profit was ¥6.576 billion, up 83.0%; and net income attributable to owners of the parent was ¥4.352 billion, up 79.2%.」
The pattern of higher revenue and lower profit in the first quarter of the previous fiscal year changed, and in the first quarter under review, revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year. - FY2018-Q2ReframedAnnual report
「For the six months ended the second quarter, revenue was ¥172.066 billion, up 11.2% year on year; operating profit was ¥15.748 billion, up 3.3%; ordinary profit was ¥15.617 billion, up 7.1%; and quarterly profit attributable to owners of the parent was ¥11.321 billion, up 9.6%.」
The composition has changed from higher sales and lower profit in the previous quarter, and for the cumulative second quarter, net sales, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year. - FY2018-Q1ReframedAnnual report
「As a result, for the first 3 months of the current consolidated fiscal year, revenue was ¥75.803 billion, up 8.7% year on year, while operating income was ¥3.884 billion, down 13.8%; ordinary income was ¥3.593 billion, down 13.5%; and net income attributable to owners of the parent was ¥2.428 billion, down 21.3%.」
Compared with the previous fiscal year's results, in which the main profit indicators increased for the full year, the results for the first quarter are described as showing a composition in which sales increased while operating profit, ordinary profit and net profit attributable to owners of the parent declined. - FY2017ReframedAnnual report
「As a result, although domestic and overseas sales increased, the stronger yen compared with the previous fiscal year affected results. Revenue was ¥342.479 billion, up 0.1% from the previous fiscal year, operating profit was ¥37.089 billion, up 3.9%, ordinary profit was ¥37.039 billion, up 6.3%, and net income attributable to owners of the parent was ¥26.473 billion, up 10.8%.」
The composition of lower revenue and operating profit but higher ordinary profit and net profit in the third quarter has shifted to increases in all major profit indicators year on year for the full year. - FY2017-Q3First statedAnnual report
「Net sales were ¥236,314 million, down 2.0% year on year. Operating profit was ¥21,945 million, down 1.3%, while ordinary profit was ¥22,578 million, up 1.4%, and net income attributable to owners of the parent was ¥15,827 million, up 3.6%.」
The performance profile was first summarized as lower net sales and operating profit, but higher ordinary profit and net income attributable to owners of the parent, reflecting the impact of the stronger yen.