Strengthening the Earnings Base through “Selection and Concentration”
First written in FY2016. 13 of 38 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
Okamoto Glass moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As a result, full-year consolidated results were net sales of ¥4,731 million, up 1.0% year on year, an ordinary loss of ¥82 million, compared with ordinary profit of ¥84 million in the previous consolidated fiscal year, and a net loss attributable to owners of the parent of ¥149 million, compared with net profit attributable to owners of the parent of ¥89 million in the previous consolidated fiscal year.」
Although net sales increased 1.0%, ordinary income and loss turned from a profit of ¥84 million to a loss of ¥82 million, and income and loss attributable to owners of the parent turned from a profit of ¥89 million to a loss of ¥149 million. - FY2026-H1WorsenedAnnual report
「As a result, consolidated results for the interim consolidated accounting period were net sales of ¥1,886 million, down 15.8% year on year, an ordinary loss of ¥307 million, compared with an ordinary loss of ¥89 million in the previous interim consolidated accounting period, and an interim net loss attributable to owners of the parent of ¥226 million, compared with an interim net loss attributable to owners of the parent of ¥81 million in the previous interim consolidated accounting period.」
Net sales decreased 15.8% year on year, while the ordinary loss expanded from ¥89 million to ¥307 million and the interim net loss attributable to owners of the parent expanded from ¥81 million to ¥226 million. The interim consolidated accounting period showed an adverse quantitative change relative to improvement of the earnings structure. - FY2025Operating profit up, ordinary profit downAnnual report
「As a result, full-year consolidated results were net sales of ¥4,686 million, up 2.3% year on year, ordinary profit of ¥84 million, down 42.1%, and profit attributable to owners of the parent of ¥89 million, down 12.7%.」
Net sales increased 2.3% and operating profit also increased from ¥61 million to ¥126 million, while ordinary profit decreased 42.1% and profit attributable to owners of the parent decreased 12.7%, resulting in a mix of improvement and deterioration. - FY2025-H1Smaller operating loss, but larger ordinary and net lossesAnnual report
「As a result, consolidated results for the interim consolidated accounting period were net sales of ¥2,240 million, up 10.0% year on year, an ordinary loss of ¥89 million, compared with an ordinary loss of ¥36 million in the previous interim consolidated accounting period, and an interim net loss attributable to owners of the parent of ¥81 million, compared with an interim net loss attributable to owners of the parent of ¥43 million in the previous interim consolidated accounting period.」
Net sales increased 10.0%, and the operating loss also narrowed from ¥79 million in the same period of the previous year to ¥25 million, while the ordinary loss expanded from ¥36 million to ¥89 million and the interim net loss attributable to owners of the parent expanded from ¥43 million to ¥81 million. The earnings-structure indicators were mixed, with both improvement and deterioration. - FY2024WorsenedAnnual report
「As a result, full-year consolidated results were net sales of ¥4,583 million, down 6.2% year on year, ordinary profit of ¥146 million, up 0.1%, and profit attributable to owners of the parent of ¥101 million, down 52.6%.」
While ordinary profit was essentially flat, net sales decreased 6.2% and profit attributable to owners of the parent also decreased 52.6%. The indicators for strengthening the earnings structure were mixed, but net sales and net profit deteriorated. - FY2024-Q3WorsenedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥3,062 million, down 20.3% year on year, an ordinary loss of ¥28 million, compared with ordinary profit of ¥171 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥45 million, compared with quarterly profit attributable to owners of the parent of ¥140 million in the same period of the previous year.」
For the cumulative third-quarter period, net sales decreased 20.3% year on year, while ordinary income and loss turned from a profit of ¥171 million to a loss of ¥28 million, and income and loss attributable to owners of the parent turned from a profit of ¥140 million to a loss of ¥45 million. The deterioration of the earnings structure is progressing quantitatively. - FY2024-Q2WorsenedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥2,035 million, down 22.4% year on year, an ordinary loss of ¥36 million, compared with ordinary profit of ¥165 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥43 million, compared with quarterly profit attributable to owners of the parent of ¥139 million in the same period of the previous year.」
Net sales decreased 22.4% year on year, and ordinary profit and quarterly profit attributable to owners of the parent turned into losses. The cumulative period of the current quarter showed an adverse quantitative change relative to the improvement of the earnings structure. - FY2024-Q1WorsenedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the first quarter were net sales of ¥996 million, down 20.9% year on year, an ordinary loss of ¥25 million, compared with ordinary profit of ¥68 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥23 million, compared with quarterly profit attributable to owners of the parent of ¥51 million in the same period of the previous year.」
Net sales decreased 20.9% year on year, and ordinary profit and quarterly profit attributable to owners of the parent turned into losses of ¥25 million and ¥23 million, respectively. The current quarter therefore showed an adverse quantitative change relative to the improvement of the earnings structure. - FY2023Lower revenue and ordinary profit, but return to net profitabilityAnnual report
「As a result, full-year consolidated results were net sales of ¥4,886 million, down 3.6% year on year, ordinary profit of ¥146 million, down 8.5%, and profit attributable to owners of the parent of ¥214 million, compared with a net loss attributable to owners of the parent of ¥87 million in the previous consolidated fiscal year.」
Although net sales and ordinary profit decreased year on year, income and loss attributable to owners of the parent turned from a loss of ¥87 million to a profit of ¥214 million. The earnings-structure indicators were mixed, with both improvement and deterioration. - FY2023-Q3AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥3,844 million, up 6.2% year on year, ordinary profit of ¥171 million, compared with an ordinary loss of ¥21 million in the same period of the previous year, and quarterly profit attributable to owners of the parent of ¥140 million, compared with a quarterly loss attributable to owners of the parent of ¥252 million in the same period of the previous year.」
Net sales increased 6.2% year on year, and both ordinary income and loss and income and loss attributable to owners of the parent turned from losses in the same period of the previous year to profits. The figures show progress in improving the earnings structure. - FY2023-Q2AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥2,621 million, up 7.6% year on year, ordinary profit of ¥165 million, compared with an ordinary loss of ¥12 million in the same period of the previous year, and quarterly profit attributable to owners of the parent of ¥139 million, compared with a quarterly loss attributable to owners of the parent of ¥237 million in the same period of the previous year.」
Net sales increased 7.6% year on year, and both ordinary income and loss and income and loss attributable to owners of the parent turned from losses in the same period of the previous year to profits. Operating profit also increased from ¥84 million to ¥106 million, representing an improvement from the previous quarter’s “decline in operating profit.” - FY2023-Q1Higher ordinary and net profit, but lower operating profitAnnual report
「As a result, consolidated results for the cumulative consolidated period of the first quarter were net sales of ¥1,259 million, down 0.3% year on year, ordinary profit of ¥68 million, up 349.5%, and quarterly profit attributable to owners of the parent of ¥51 million, up 570.1%.」
Net sales declined slightly, and operating profit also decreased from ¥56 million to ¥19 million year on year, while ordinary profit and quarterly profit attributable to owners of the parent increased due to foreign exchange gains and other factors. The earnings improvement metrics were mixed. - FY2022AdvancedAnnual report
「As a result, full-year consolidated results were net sales of ¥5,069 million, up 15.0% year on year, ordinary profit of ¥159 million, compared with an ordinary loss of ¥684 million in the previous consolidated fiscal year, and a net loss attributable to owners of the parent of ¥87 million, compared with a net loss attributable to owners of the parent of ¥858 million in the previous consolidated fiscal year.」
Net sales increased 15.0%, and ordinary income and loss turned from a loss of ¥684 million to a profit of ¥159 million. The net loss attributable to owners of the parent also narrowed from ¥858 million to ¥87 million. - FY2022-Q3AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥3,620 million, up 11.2% year on year, an ordinary loss of ¥21 million, compared with an ordinary loss of ¥423 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥252 million, compared with a quarterly loss attributable to owners of the parent of ¥595 million in the same period of the previous year.」
Net sales increased 11.2% year on year, while the ordinary loss narrowed from ¥423 million to ¥21 million and the quarterly loss attributable to owners of the parent narrowed from ¥595 million to ¥252 million. Ordinary income and loss and net income and loss nevertheless remained in loss territory. - FY2022-Q2AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥2,437 million, up 17.7% year on year, an ordinary loss of ¥12 million, compared with an ordinary loss of ¥345 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥237 million, compared with a quarterly loss attributable to owners of the parent of ¥386 million in the same period of the previous year.」
Net sales increased 17.7%, while the ordinary loss narrowed from ¥345 million to ¥12 million and the quarterly loss attributable to owners of the parent narrowed from ¥386 million to ¥237 million. Ordinary income and loss and net income and loss nevertheless remained in loss territory. - FY2022-Q1AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the first quarter were net sales of ¥1,263 million, up 17.3% year on year, ordinary profit of ¥15 million, compared with an ordinary loss of ¥124 million in the same period of the previous year, and quarterly profit attributable to owners of the parent of ¥7 million, compared with a quarterly loss attributable to owners of the parent of ¥162 million in the same period of the previous year.」
Net sales increased 17.3% year on year, and both ordinary income and loss and income and loss attributable to owners of the parent turned from losses in the same period of the previous year to profits. The figures show specific progress in improving the earnings structure. - FY2021-Q3WorsenedAnnual report
「Consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥3,255 million, down 23.1% year on year, an ordinary loss of ¥423 million, compared with ordinary profit of ¥22 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥595 million, compared with quarterly profit attributable to owners of the parent of ¥41 million in the same period of the previous year.」
Net sales decreased 23.1% year on year, and ordinary profit and quarterly profit attributable to owners of the parent turned into substantial losses. The deterioration of the earnings structure expanded further in the cumulative third-quarter period. - FY2021-Q2WorsenedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥2,070 million, down 26.9% year on year, an ordinary loss of ¥345 million, compared with ordinary profit of ¥9 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥386 million, compared with quarterly profit attributable to owners of the parent of ¥32 million in the same period of the previous year.」
Net sales decreased 26.9% year on year, and ordinary profit and quarterly profit attributable to owners of the parent turned into losses of ¥345 million and ¥386 million, respectively. The deterioration of the earnings structure expanded further in the cumulative second-quarter period. - FY2021-Q1WorsenedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the first quarter were net sales of ¥1,076 million, down 15.6% year on year, an ordinary loss of ¥124 million, compared with an ordinary loss of ¥58 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥162 million, compared with a quarterly loss attributable to owners of the parent of ¥57 million in the same period of the previous year.」
Net sales decreased 15.6% year on year, while the ordinary loss expanded from ¥58 million to ¥124 million and the quarterly loss attributable to owners of the parent expanded from ¥57 million to ¥162 million. The deterioration of the earnings structure continued. - FY2020WorsenedAnnual report
「As a result, full-year consolidated results were net sales of ¥5,488 million, down 9.7% year on year, an ordinary loss of ¥186 million, compared with ordinary profit of ¥271 million in the previous consolidated fiscal year, and a net loss attributable to owners of the parent of ¥190 million, compared with net profit attributable to owners of the parent of ¥186 million in the previous consolidated fiscal year.」
Full-year net sales decreased 9.7%, while ordinary profit and profit attributable to owners of the parent turned into losses. - FY2020-Q3Continued sharp drop in profitAnnual report
「As a result, consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥4,235 million, down 12.9% year on year, ordinary profit of ¥22 million, down 93.5%, and quarterly profit attributable to owners of the parent of ¥41 million, down 82.7%.」
For the cumulative third-quarter period, net sales, ordinary profit, and quarterly profit attributable to owners of the parent decreased year on year. Ordinary profit fell 93.5% and net profit fell 82.7%. Adverse quantitative changes in the earnings structure continued. - FY2020-Q2Sharp drop in profitAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥2,833 million, down 11.2% year on year, ordinary profit of ¥9 million, down 94.7%, and quarterly profit attributable to owners of the parent of ¥32 million, down 67.3%.」
Net sales, ordinary profit, and quarterly profit attributable to owners of the parent decreased year on year. Ordinary profit fell sharply from ¥179 million to ¥9 million. However, the company remained profitable in the current quarter and did not return to a loss. - FY2020-Q1Return to a quarterly lossAnnual report
「As a result, consolidated results for the cumulative consolidated period of the first quarter were net sales of ¥1,276 million, down 19.3% year on year, an ordinary loss of ¥58 million, compared with ordinary profit of ¥81 million in the same period of the previous year, and a quarterly loss attributable to owners of the parent of ¥57 million, compared with quarterly profit attributable to owners of the parent of ¥30 million in the same period of the previous year.」
Ordinary profit and quarterly profit attributable to owners of the parent in the same period of the previous year turned into an ordinary loss and a quarterly loss attributable to owners of the parent, respectively, in the current quarter, representing an adverse quantitative change for the strengthening of the earnings structure. - FY2019AdvancedAnnual report
「As a result, full-year consolidated results were net sales of ¥6,078 million, up 5.0% year on year, ordinary profit of ¥271 million, up 154.3%, and profit attributable to owners of the parent of ¥186 million, up 123.3%.」
For the full year, net sales increased 5.0%, ordinary profit increased 154.3%, and profit attributable to owners of the parent increased 123.3%, demonstrating quantitative progress in earnings improvement. - FY2019-Q3AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥4,862 million, up 10.5% year on year, ordinary profit of ¥345 million, up 289.0%, and quarterly profit attributable to owners of the parent of ¥237 million, up 225.7%.」
For the cumulative third-quarter period, net sales, ordinary profit, and quarterly profit attributable to owners of the parent increased year on year, demonstrating quantitative progress in improving the earnings structure. - FY2019-Q2AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥3,190 million, up 9.1% year on year, ordinary profit of ¥179 million, up 322.2%, and quarterly profit attributable to owners of the parent of ¥100 million, up 201.5%.」
Net sales, ordinary profit, and quarterly profit attributable to owners of the parent increased year on year, demonstrating quantitative progress in earnings improvement. - FY2019-Q1AdvancedAnnual report
「Following the completion in May 2018 of inventorying reflector mirror substrates made of crystallised glass, production using 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, was discontinued, and a loss on disposal of property, plant and equipment of ¥33 million was recorded.」
The company implemented a specific change in its production structure by completing the inventorying of reflector mirror substrates made of crystallised glass and discontinuing production using 1 glass-melting furnace at the head office plant. - FY2018RestatedAnnual report
「To further strengthen the earnings structure, the Group is advancing ① optimal allocation of management resources, ② stabilisation of earnings from existing businesses, and ③ the early launch of new businesses.」
The company reiterates its policy of strengthening the earnings structure in 3 areas: allocation of management resources, existing businesses, and new businesses. - FY2018-Q3AdvancedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the third quarter were net sales of ¥4,399 million, up 15.4% year on year, ordinary profit of ¥88 million, up 113.0%, and quarterly profit attributable to owners of the parent of ¥72 million, up 94.3%.」
For the cumulative third-quarter period, net sales increased 15.4% year on year, ordinary profit increased 113.0%, and quarterly profit attributable to owners of the parent increased 94.3%, demonstrating quantitative progress in earnings improvement. - FY2018-Q2RestatedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the second quarter were net sales of ¥2,924 million, up 12.4% year on year, ordinary profit of ¥42 million, compared with an ordinary loss of ¥47 million in the same period of the previous year, and quarterly profit attributable to owners of the parent of ¥33 million, compared with a quarterly loss attributable to owners of the parent of ¥102 million in the same period of the previous year.」
Net sales increased 12.4% year on year, and both ordinary income and loss and income and loss attributable to owners of the parent turned from losses in the same period of the previous year to profits. The company continues to report earnings improvement, but no new companywide initiatives are presented. - FY2018-Q1RestatedAnnual report
「As a result, consolidated results for the cumulative consolidated period of the first quarter were net sales of ¥1,444 million, up 21.7% year on year, ordinary profit of ¥25 million, compared with an ordinary loss of ¥64 million in the same period of the previous year, and quarterly profit attributable to owners of the parent of ¥8 million, compared with a quarterly loss attributable to owners of the parent of ¥123 million in the same period of the previous year.」
In the first quarter, net sales increased 21.7% year on year, and both ordinary income and loss and income and loss attributable to owners of the parent turned from losses in the same period of the previous year to profits. The results of the earnings improvement are evident, but no new initiatives or phased milestones are described. - FY2017AdvancedAnnual report
「Profitability improved and operating profit returned to the black through fixed-cost reductions, including the shutdown in April 2016 of 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, that manufactured reflector mirrors (restarted in February 2017), and the shutdown in September 2016 of 1 glass-melting furnace that manufactured automotive products and other items, as well as improved operating rates at the glass-melting furnaces that remained in operation. In addition, higher sales of frit (glass powder) and silver mirrors (Hi-Silver®) contributed to the return to operating profitability.」
The company states that it achieved full-year operating profitability through furnace shutdowns, improved operating rates, and higher sales of new products. - FY2017-Q3RestatedAnnual report
「Profitability improved and operating profit returned to the black as fixed-cost reductions progressed, including through the shutdown of 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which manufactured reflector mirrors, in April 2016, and 1 glass-melting furnace that manufactured automotive products and other items in September 2016, while operating rates at the glass-melting furnaces that remained in operation improved.」
The company continues to report improved profitability and a return to operating profitability through the shutdown of 2 furnaces, fixed-cost reductions, and improved operating rates. - FY2017-Q2AdvancedAnnual report
「Profitability improved as fixed costs were reduced, including through the shutdown in April of 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which manufactured reflector mirrors, resulting in a return to operating profitability. In September, 1 glass-melting furnace at the head office plant that manufactured automotive products and other items was shut down for scheduled furnace repairs.」
Profitability improved through fixed-cost reductions and the shutdown of glass-melting furnaces, resulting in the specific progress of a return to operating profitability. - FY2016First statedAnnual report
「To further strengthen the earnings structure, the Group is advancing ① optimal allocation of management resources, ② stabilisation of earnings from existing businesses, and ③ the early launch of new businesses, with “selection and concentration” as its key principle.」
The companywide challenges are organised into 3 areas: allocation of management resources, existing businesses, and new businesses.