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Citizen Watch (7762) · InitiativeAdvanced

Profit-Focused Sales Strategy for the Device Business

First written in FY2019-Q1. 11 of 23 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-08-14.

23entries
9years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2020-Q1 – FY2021-Q3WorsenedFY2023-Q1 – FY2023AdvancedFY2025-H1 – 2026-08-142018: 220182019: 320192020: 420202021: 320212022: 320222023: 320232024: 220242025: 020252026: 32026
Same theme, other companies
Concentrating Management Resources on the Device BusinessA theme 7 companies write about · 1 as a headwind · 7 as a tailwind

5 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-14AdvancedEarnings

    「For the Devices business as a whole, net sales increased 19.5% year on year to ¥17.6 billion, while operating profit increased 235.9% to ¥1.3 billion, resulting in higher sales and profit.」

    The Devices business’s higher sales and profit marked progress in the results of initiatives focused on profitability.
  2. FY2026AdvancedAnnual report

    「The Devices Business overall posted sales of ¥63.4 billion, up 0.2% year on year, and operating profit of ¥3.7 billion, up 26.9% year on year.」

    In fiscal 2025, the Devices Business posted a slight increase in sales and operating profit of ¥3.7 billion, up 26.9% year on year, reflecting improved profitability.
  3. 2026-05-13AdvancedEarnings

    「For the Devices business as a whole, net sales increased 0.2% year on year to ¥63.4 billion, while operating profit increased 26.9% to ¥3.7 billion, resulting in higher sales and profit.」

    The Devices business posted higher profit against a backdrop of initiatives focused on profitability and fixed-cost reductions.
  4. FY2025-H1AdvancedAnnual report

    「As a result, the device business posted revenue of ¥20.7 billion, down 6.4% year on year, but operating profit increased 44.8% to ¥0.5 billion as fixed costs were reduced.」

    As part of its profit-focused initiatives, the Company reduced fixed costs, and the Devices Business posted a 44.8% year-on-year increase in operating profit despite lower sales.
  5. FY2024-Q3RestatedAnnual report

    「As a result, the device business posted revenue of ¥32.5 billion, down 4.9% year on year, but operating profit increased to ¥0.4 billion as fixed costs were reduced, compared with an operating loss of ¥0.1 billion in the same period a year earlier, resulting in lower revenue but higher profit.」

    The Company reconfirmed the effectiveness of existing measures, as continued fixed-cost reductions enabled the Devices Business to return to operating profit from an operating loss in the same period of the previous year.
  6. FY2024-Q2AdvancedAnnual report

    「As a result, the device business posted revenue of ¥22.1 billion, down 3.2% year on year, but operating profit increased 1,708.2% to ¥0.4 billion as fixed costs were reduced.」

    As a result of reducing fixed costs, the Devices Business posted operating profit of ¥400 million despite lower sales, improving from an operating loss in the same period of the previous year.
  7. FY2023WorsenedAnnual report

    「As a result, the Devices Business overall posted sales of ¥44.7 billion, down 10.6% year on year, and an operating loss of ¥800 million, compared with operating profit of ¥2.8 billion in the same period of the previous year, resulting in lower sales and profit.」

    Despite pursuing a profit-focused sales strategy and structural reforms, the Devices Business saw lower sales and deteriorated from operating profit of ¥2.8 billion to an operating loss of ¥800 million.
  8. FY2023-Q3WorsenedAnnual report

    「As a result, the Devices Business overall posted sales of ¥34.1 billion, down 9.7% year on year, and an operating loss of ¥100 million, compared with operating profit of ¥2.1 billion in the same period of the previous year, resulting in lower sales and profit.」

    The Devices Business posted a 9.7% year-on-year decline in sales and deteriorated from operating profit of ¥2.1 billion in the same period of the previous year to an operating loss of ¥100 million.
  9. FY2023-Q2WorsenedAnnual report

    「As a result, the Devices Business overall posted sales of ¥22.9 billion, down 10.3% year on year, and operating profit of ¥0 billion, down 98.5% year on year, resulting in lower sales and profit.」

    The Devices Business posted sales of ¥22.9 billion, down 10.3% year on year, and operating profit of ¥0 billion, deteriorating to a 98.5% year-on-year decline.
  10. FY2023-Q1WorsenedAnnual report

    「As a result, sales in the Devices Business overall fell to ¥10.9 billion, down 16.4% year on year, and the Business posted an operating loss of ¥0 billion, compared with operating profit of ¥900 million in the same period of the previous year.」

    The Devices Business posted sales of ¥10.9 billion, down 16.4% year on year, deteriorating from operating profit of ¥900 million to an operating loss of ¥0 billion.
  11. FY2022-Q3AdvancedAnnual report

    「As a result, sales in the Devices Business overall increased to ¥37.8 billion, up 13.9% year on year. Operating profit increased to ¥2.1 billion, compared with an operating loss of ¥700 million in the same period of the previous year, helped by the recovery in sales.」

    The Devices Business posted sales of ¥37.8 billion and operating profit of ¥2.1 billion, returning to profitability from an operating loss in the same period of the previous year.
  12. FY2022-Q2AdvancedAnnual report

    「As a result, sales in the Devices Business overall increased to ¥25.5 billion, up 19.7% year on year. Operating profit increased to ¥1.5 billion, compared with an operating loss of ¥1 billion in the same period of the previous year, helped by the recovery in sales.」

    The Devices Business posted sales of ¥25.5 billion and operating profit of ¥1.5 billion, returning to profitability from an operating loss in the same period of the previous year.
  13. FY2022-Q1AdvancedAnnual report

    「As a result, sales in the Devices Business overall increased to ¥13.1 billion, up 25.7% year on year. Operating profit increased to ¥900 million, compared with an operating loss of ¥700 million in the same period of the previous year, helped by the recovery in sales.」

    The Devices Business posted sales of ¥13.1 billion, up 25.7% year on year, and operating profit of ¥900 million, returning to profitability from an operating loss in the same period of the previous year.
  14. FY2021-Q3WorsenedAnnual report

    「Although the company advanced initiatives to improve profitability, including structural reforms involving the selection and concentration of products, it recorded an operating loss of ¥700 million, compared with operating profit of ¥1.2 billion in the same period of the previous year.」

    Although the Company pursued structural reforms, including a profit-focused sales strategy and product selection and concentration, the Devices Business deteriorated from operating profit of ¥1.2 billion in the same period of the previous year to an operating loss of ¥700 million.
  15. FY2021-Q2WorsenedAnnual report

    「Although the company advanced initiatives to improve profitability, including structural reforms involving the selection and concentration of products, it recorded an operating loss of ¥1.0 billion, compared with operating profit of ¥700 million in the same period of the previous year.」

    Although the Company pursued structural reforms, including product selection and concentration, the Devices Business posted an operating loss of ¥1 billion, deteriorating from operating profit in the same period of the previous year.
  16. FY2021-Q1WorsenedAnnual report

    「The device business recorded lower revenue of ¥10.4 billion, down 28.1% year on year. Although the company advanced initiatives to improve profitability, including structural reforms and the selection and concentration of products, the business recorded an operating loss of ¥700 million, compared with operating profit of ¥300 million in the same period of the previous year.」

    In addition to its profit-focused sales strategy, the Company pursued structural reforms and product selection and concentration, but the Devices Business posted sales of ¥10.4 billion and an operating loss of ¥700 million.
  17. FY2020WorsenedAnnual report

    「Operating profit fell to ¥900 million, down 63.6% year on year, as the impact of lower sales was significant despite the focus on a profit-focused sales strategy.」

    The Devices Business continued its profit-focused sales strategy but could not offset the decline in sales, resulting in a 63.6% year-on-year decline in operating profit.
  18. FY2020-Q3WorsenedAnnual report

    「As a result, in the Devices Business overall, sales fell to ¥43.9 billion, down 7.3% year on year, mainly due to lower sales of opto-devices. Operating profit fell to ¥1.2 billion, down 54.5% year on year, as the impact of lower sales was significant despite the focus on a profit-focused sales strategy.」

    The Devices Business continued its profit-focused sales strategy but could not offset the decline in sales, resulting in a 54.5% year-on-year decline in operating profit.
  19. FY2020-Q2WorsenedAnnual report

    「As a result, in the Devices Business overall, sales fell to ¥29.3 billion, down 7.1% year on year, mainly due to lower sales of opto-devices. Operating profit fell to ¥700 million, down 51.9% year on year, as the impact of lower sales was significant despite the focus on a profit-focused sales strategy.」

    The Devices Business continued its profit-focused sales strategy but could not offset the decline in sales, resulting in a 51.9% year-on-year decline in operating profit.
  20. FY2020-Q1WorsenedAnnual report

    「In the Devices Business overall, sales fell to ¥14.5 billion, down 6.6% year on year, mainly due to lower sales of opto-devices. Operating profit fell to ¥300 million, down 51.1% year on year, as the focus on a profit-focused sales strategy was insufficient to offset the decline in sales.」

    The Devices Business continued its profit-focused sales strategy but could not offset the decline in sales, resulting in a 51.1% year-on-year decline in operating profit.
  21. FY2019-Q3AdvancedAnnual report

    「As a result, although sales of precision-machined components increased, this was insufficient to offset declines in other products, and total sales for the Devices Business fell to ¥47.4 billion, down 5.9% year on year. Operating profit, however, increased to ¥2.8 billion, up 14.7% year on year, as the Company focused on a profit-focused sales strategy.」

    The Devices Business continued its profit-focused sales strategy and posted operating profit of ¥2.8 billion, up 14.7% year on year despite lower sales.
  22. FY2019-Q2AdvancedAnnual report

    「Operating profit increased to ¥1.5 billion, up 2.3% year on year, as the Company focused on a profit-focused sales strategy.」

    The Devices Business continued its profit-focused sales strategy, with operating profit of ¥1.5 billion, up 2.3% year on year.
  23. FY2019-Q1First statedAnnual report

    「Operating profit increased to ¥700 million, up 15.3% year on year, as the Company focused on a profit-focused sales strategy.」

    The Company reported operating profit of ¥700 million, up 15.3% year on year, as a result of focusing on a profit-focused sales strategy in the Devices Business rather than pursuing price and sales volume alone.
Moved together

"Brand Building and Multi-Brand Strategy in the Watch Business" moved the same way as this thread, in the same document, in 16 of its 23 moves.

161614131110★123456
  1. ★This thread
  2. 1Brand Building and Multi-Brand Strategy in the Watch Business16×
  3. 2Top Market Share in Automatic Lathes and Establishment of a New Manufacturing Company16×
  4. 3Achieving a Highly Profitable Business Structure14×
  5. 4Global niche expansion centered on commercial and photo printers13×
  6. 5Dependence on Overseas Sales and Regional Economic and Political Conditions11×
  7. 6Growth Investment and Strengthening Marketing Capabilities10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Citizen Watch yet. It last moved in the Earnings of 2026-08-14: "Advanced".
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Profit-Focused Sales Strategy for the Device Business | Citizen Watch Co.,Ltd. (7762) | Komori