Revenue and ordinary profit decline in the Korea segment
First written in FY2021-Q3. 5 of 15 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Shipments and acceptances of testing machines to a major South Korean automotive-related manufacturer increased. As a result, revenue and ordinary profit increased compared with the previous consolidated fiscal year.」
In the South Korea segment, revenue increased 11.6% year on year and ordinary profit increased 5.9% due to higher shipments and acceptances of testing machines. - 2026-05-29MitigatedGeneral Meeting of Shareholders
「韓国大手自動車関連メーカーへの試験機の出荷・検収が増加いたしました。」
韓国では売上高が前期比11.6％増加し、経常利益も5.9％増加した。 - FY2026-H1Lower sales, narrower profit growthAnnual report
「Shipments and acceptances of balancing machines and automatic shaft-bend straightening machines to a major South Korean automotive-related manufacturer declined. As a result, although revenue declined, ordinary profit increased compared with the previous interim consolidated accounting period because the cost of sales declined.」
In South Korea, revenue declined 2.4% from the previous interim period, while ordinary profit increased 5.6% due to the lower cost of sales. The business shifted from the substantial revenue and profit growth seen in the previous interim period to lower revenue and modest profit growth. - FY2025-H1MitigatedAnnual report
「Shipments and acceptances of balancing machines and automatic shaft-bend straightening machines to a major South Korean automotive-related manufacturer increased. As a result, revenue and ordinary profit increased compared with the previous interim consolidated accounting period.」
In South Korea, revenue increased 108.9% year on year and ordinary profit increased 150.6% due to higher shipments and acceptances of balancing machines and other products. - FY2024MitigatedAnnual report
「Shipments and acceptances of balancing machines to a major South Korean automotive-related manufacturer increased. As a result, revenue and ordinary profit increased compared with the previous consolidated fiscal year.」
In South Korea, revenue increased 13.7% year on year and ordinary profit increased 158.4% due to higher shipments and acceptances of balancing machines. - FY2024-Q3Wider profit growth despite lower revenueAnnual report
「Although shipments and acceptances of balancing machines to a major South Korean automotive-related manufacturer increased, contract manufacturing by our Group declined. As a result, although revenue declined, ordinary profit increased compared with the same quarter of the previous year due to the lower cost of sales. Revenue ¥884 million (9.2% decrease year on year) Ordinary profit ¥146 million (99.1% increase year on year)」
In South Korea, revenue declined due to the decline in contract manufacturing, while ordinary profit increased 99.1% year on year due to the lower cost of sales. - FY2024-Q2MitigatedAnnual report
「Although shipments and acceptances of balancing machines to a major South Korean automotive-related manufacturer increased, contract manufacturing by our Group declined. As a result, revenue increased and ordinary profit increased compared with the same quarter of the previous year.」
Revenue in the South Korea segment increased 3.5%, while ordinary profit increased 659.5% year on year to ¥76 million. - FY2024-Q1Continued revenue decline and profit growthAnnual report
「Although shipments and acceptances of balancing machines to a major South Korean automotive-related manufacturer increased, contract manufacturing by our Group declined. As a result, although revenue declined, ordinary profit increased compared with the same quarter of the previous year due to the lower cost of sales.」
In South Korea, revenue declined 9.2% year on year due to the decline in contract manufacturing, but ordinary profit increased from ¥0 million in the previous year to ¥38 million due to the lower cost of sales. - FY2023-Q3MitigatedAnnual report
「Shipments and acceptances of balancing machines to a major South Korean automotive-related manufacturer declined. The cost of sales also declined. As a result, although revenue declined, ordinary profit increased compared with the same quarter of the previous year. Revenue ¥973 million (2.2% decrease year on year) Ordinary profit ¥73 million (32.3% increase year on year)」
In South Korea, revenue declined due to lower shipments and acceptances of balancing machines, while ordinary profit increased 32.3% year on year due to the lower cost of sales. - FY2023-Q2WorsenedAnnual report
「Shipments and customer acceptance of both balancing machines and electric servo motor-type vibration testing machines for major Korean automotive-related manufacturers decreased. As a result, revenue and ordinary profit decreased from the same quarter of the previous year.」
In the South Korea segment, shipments and acceptances declined for both balancing machines and vibration testers, resulting in a 38.2% year-on-year decline in revenue and an 86.1% decline in ordinary profit. - FY2023-Q1WorsenedAnnual report
「Shipments and customer acceptance of both balancing machines and electric servo motor-type vibration testing machines for major Korean automotive-related manufacturers decreased. As a result, revenue and ordinary profit decreased from the same quarter of the previous year. Revenue ¥254 million (57.1% decrease from the same quarter of the previous year), ordinary profit ¥0 million (99.8% decrease from the same quarter of the previous year)」
In Korea, shipments and customer acceptance of both balancing machines and vibration testing machines decreased, resulting in a 57.1% decline in revenue and a 99.8% year-on-year decline in ordinary profit. - FY2022-Q3WorsenedAnnual report
「Shipments and customer acceptance of both balancing machines and electric servo motor-type vibration testing machines for major Korean automotive-related manufacturers decreased. As a result, revenue and ordinary profit decreased from the same quarter of the previous year. Revenue ¥995 million (25.0% decrease from the same quarter of the previous year) Ordinary profit ¥55 million (64.9% decrease from the same quarter of the previous year)」
In Korea, shipments and customer acceptance of both balancing machines and electric servo motor-type vibration testing machines decreased, resulting in a 25.0% decline in revenue and a 64.9% decline in ordinary profit. - FY2022-Q2WorsenedAnnual report
「Shipments and customer acceptance of both balancing machines and electric servo motor-type vibration testing machines for major Korean automotive-related manufacturers decreased. As a result, revenue and ordinary profit decreased from the same quarter of the previous year.」
In the Korea segment, shipments and customer acceptance of both balancing machines and electric servo motor-type vibration testing machines decreased, resulting in a 13.2% year-on-year decline in revenue and a 39.7% decline in ordinary profit. - FY2022-Q1Slight revenue increase, profit declineAnnual report
「Although shipments and customer acceptance of balancing machines for major Korean automotive-related manufacturers decreased, shipments and customer acceptance of electric servo motor-type vibration testing machines increased. As a result, revenue increased, but ordinary profit decreased from the same quarter of the previous year.」
In the Korea segment, revenue increased 1.8% year on year, while ordinary profit decreased 21.0%. The increase in vibration testing machines partly offset the decline in balancing machines. - FY2021-Q3First statedAnnual report
「Although shipments and customer acceptance of balancing machines and electric servo motor-type vibration testing machines for major Korean automotive-related manufacturers increased, shipments and customer acceptance of automatic shaft distortion correction machines decreased. As a result, revenue and ordinary profit decreased from the same quarter of the previous year. Revenue ¥1,327 million (10.0% decrease from the same quarter of the previous year) Ordinary profit ¥158 million (43.4% decrease from the same quarter of the previous year)」
It was newly disclosed that, in the Korea segment, revenue and ordinary profit decreased year on year because the decrease in shipments and customer acceptance of automatic shaft distortion correction machines outweighed the increase in shipments of balancing machines and other products.