Achieving a Highly Profitable Business Structure
First written in FY2016. 19 of 35 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-14.
Citizen Watch moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 9 of 54 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Consolidated results for fiscal 2025 showed higher revenue and operating profit, as the watch business performed well, particularly in North America, and the machine-tool business benefited from a gradual recovery in orders. ROE was 11.3%, achieving the medium-term management plan's target of 9.0% or higher on a sustained basis.」
Fiscal 2025 resulted in revenue of ¥346.8 billion, operating profit of ¥30.2 billion and ROE of 11.3%, maintaining achievement of the medium-term management plan's ROE target of 9.0% or higher. - 2026-05-13AdvancedEarnings
「For the cumulative consolidated period, consolidated operating results were driven mainly by strong performance in the watch and machine tools businesses. Net sales increased 9.4% year on year to ¥346.8 billion, while operating profit increased 46.9% to ¥30.2 billion, resulting in higher sales and profit.」
Consolidated net sales, operating profit, ordinary profit, and net income attributable to owners of the parent increased, marking progress in actual profitability. - FY2026-H1Higher operating profit but lower net profit due to extraordinary losses related to tariffsAnnual report
「Operating profit increased 5.3% year on year to ¥12.9 billion. Ordinary profit increased 32.0% to ¥16.1 billion, mainly due to higher foreign exchange gains, while interim profit attributable to owners of the parent fell 3.3% to ¥11.8 billion due to the recognition of prior-period tariffs and related provisions.」
Although operating profit and ordinary profit increased, interim profit attributable to owners of the parent declined due to the recognition of prior-period tariffs. - FY2025-H1WorsenedAnnual report
「Against this backdrop, consolidated results for the six months ended 30 September showed higher revenue but lower profit. The watch business remained firm, with revenue up 2.3% year on year to ¥156.5 billion, while operating profit fell 9.0% to ¥12.3 billion. Ordinary profit fell 29.6% to ¥12.2 billion, and interim profit attributable to owners of the parent fell 8.3% to ¥12.2 billion.」
Although revenue increased, operating profit, ordinary profit and interim profit attributable to owners of the parent all fell below the levels of the same period a year earlier, indicating deterioration in earnings performance. - FY2024AdvancedAnnual report
「Consolidated results for fiscal 2023 showed higher revenue and operating profit, as the watch business steadily increased sales. ROE was 9.7%, achieving the medium-term management plan's target of ROE of 8.0% or higher for the second consecutive year.」
Fiscal 2023 saw higher revenue and operating profit, with ROE of 9.7% achieving the medium-term management plan's target of ROE of 8.0% or higher for the second consecutive year. - FY2024-Q3AdvancedAnnual report
「Against this backdrop, consolidated results for the nine months ended 31 December increased, driven mainly by the firm performance of the watch business. Revenue was ¥238.8 billion, up 3.8% year on year, and operating profit was ¥23.4 billion, up 11.3%, resulting in higher revenue and operating profit. Ordinary profit was ¥27.4 billion, up 12.4%, while profit attributable to owners of the parent was ¥20.6 billion, up 5.0%, with both increasing year on year.」
Driven mainly by the firm performance of the watch business, consolidated revenue, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the levels of the same period a year earlier, indicating progress in earnings performance. - FY2024-Q2AdvancedAnnual report
「Against this backdrop, consolidated results for the six months ended 30 September increased, driven mainly by the firm performance of the watch business. Revenue was ¥152.9 billion, up 3.5% year on year, and operating profit was ¥13.5 billion, up 9.6%, resulting in higher revenue and operating profit. Ordinary profit was ¥17.4 billion, up 3.7%, while profit attributable to owners of the parent was ¥13.3 billion, up 5.9%, with both increasing year on year.」
The watch business remained firm, and consolidated revenue, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the levels of the same period a year earlier. - FY2024-Q1WorsenedAnnual report
「Against this backdrop, consolidated results for the three months ended 30 June showed higher revenue but lower profit. The core watch business remained firm, with revenue up 1.9% year on year to ¥72.6 billion, while operating profit declined 0.9% to ¥5.5 billion. Ordinary profit fell 6.5% to ¥8.0 billion, and profit attributable to owners of the parent fell 13.5% to ¥6.2 billion.」
Although revenue increased, operating profit, ordinary profit and profit attributable to owners of the parent all fell below the levels of the same period a year earlier, indicating deterioration in earnings performance. - FY2023AdvancedAnnual report
「While raising revenue, we will continue to improve profitability and aim to achieve revenue of ¥320.0 billion, an operating margin of 8.0% and ROE of 8.0% or higher on a sustained basis.」
The new medium-term management plan set new earnings targets of revenue of ¥320.0 billion, an operating margin of 8.0% and ROE of 8.0% or higher. Results for the fiscal year ended March 2023 were revenue of ¥301.3 billion, an operating margin of 7.9% and ROE of 9.6%. - FY2023-Q3AdvancedAnnual report
「Against this backdrop, consolidated results for the nine months ended 31 December increased, led by the core watch business. Revenue was ¥230.1 billion, up 6.8% year on year, and operating profit was ¥21.0 billion, up 7.1%, resulting in higher revenue and operating profit. Ordinary profit was ¥24.4 billion, up 9.5%, while profit attributable to owners of the parent was ¥19.6 billion, up 14.6%, with both increasing year on year.」
Growth, led by the core watch business, resulted in cumulative revenue of ¥230.1 billion, operating profit of ¥21.0 billion and profit attributable to owners of the parent of ¥19.6 billion, all exceeding the levels of the same period a year earlier. - FY2023-Q2AdvancedAnnual report
「Against this backdrop, consolidated results for the six months ended 30 September increased, led by the core watch business. Revenue was ¥147.6 billion, up 8.8% year on year, and operating profit was ¥12.3 billion, up 15.6%, resulting in higher revenue and operating profit. Ordinary profit was ¥16.8 billion, up 39.1%, while profit attributable to owners of the parent was ¥12.6 billion, up 28.1%, with both increasing year on year.」
Growth, led by the core watch business, resulted in operating profit of ¥12.3 billion, up 15.6% year on year. Ordinary profit of ¥16.8 billion and profit attributable to owners of the parent of ¥12.6 billion also exceeded the previous year's levels. - FY2023-Q1AdvancedAnnual report
「As a result, despite concerns about weaker consumer sentiment due to global inflation, the overall watch business posted revenue of ¥35.1 billion, up 21.1% year on year, supported by the weaker yen, accelerated efforts to strengthen e-commerce sales and the development of products suited to distribution. Operating profit increased 163.9% year on year to ¥3.9 billion, helped by higher revenue and ongoing efforts to improve profitability.」
Ongoing efforts to improve profitability in the watch business contributed to operating profit of ¥3.9 billion, up 163.9% year on year. - FY2022-Q3AdvancedAnnual report
「Against this backdrop, consolidated results for the nine months ended 31 December showed higher revenue and operating profit, supported by the recovery of the core watch and machine-tool businesses. Revenue was ¥215.6 billion, up 42.7% year on year, and operating profit was ¥19.6 billion, compared with an operating loss of ¥6.0 billion in the same period a year earlier. Ordinary profit was ¥22.3 billion, compared with an ordinary loss of ¥2.6 billion, while profit attributable to owners of the parent was ¥17.1 billion, compared with a loss attributable to owners of the parent of ¥21.9 billion in the same period a year earlier, with each measure improving year on year.」
The recovery of the core businesses resulted in operating profit of ¥19.6 billion, ordinary profit of ¥22.3 billion and profit attributable to owners of the parent of ¥17.1 billion, marking a return to profitability from the losses recorded in the same period a year earlier. - FY2022-Q2AdvancedAnnual report
「Against this backdrop, for the 6-month cumulative period ended September 30, consolidated net sales were ¥135.7 billion, up 52.5% year on year, and operating profit was ¥10.6 billion, compared with an operating loss of ¥8.2 billion in the previous year, due to the recovery of the core watch and machine tools businesses, resulting in higher sales and profit. Ordinary profit was ¥12.0 billion, compared with an ordinary loss of ¥6.1 billion in the previous year, and profit attributable to owners of the parent was ¥9.8 billion, compared with a quarterly loss attributable to owners of the parent of ¥21.5 billion in the previous year, with both also increasing year on year.」
The recovery of the watch and machine tools businesses turned operating loss of ¥8.2 billion in the previous year into operating profit of ¥10.6 billion, while profit attributable to owners of the parent was ¥9.8 billion. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, for the 3-month cumulative period ended June 30, consolidated net sales were ¥65.7 billion, up 78.4% year on year, and operating profit was ¥4.2 billion, compared with an operating loss of ¥5.6 billion in the previous year, due to the recovery of the core watch and machine tools businesses, resulting in higher sales and profit. Ordinary profit was ¥5.0 billion, compared with an ordinary loss of ¥4.9 billion in the previous year, and profit attributable to owners of the parent was ¥4.3 billion, compared with a quarterly loss attributable to owners of the parent of ¥6.7 billion in the previous year, with both also increasing year on year.」
The recovery of the core businesses resulted in operating profit of ¥4.2 billion, ordinary profit of ¥5.0 billion and profit attributable to owners of the parent of ¥4.3 billion, turning losses in the previous year into profit. - FY2021-Q3WorsenedAnnual report
「Against this backdrop, for the 9-month cumulative period ended December 31, consolidated net sales were ¥151.1 billion, down 32.8% year on year, and operating loss was ¥6.0 billion, compared with operating profit of ¥11.2 billion in the previous year, resulting in lower sales and profit. Ordinary loss was ¥2.6 billion, compared with ordinary profit of ¥12.4 billion in the previous year. Loss attributable to owners of the parent was ¥21.9 billion, compared with profit attributable to owners of the parent of ¥7.0 billion in the previous year, mainly due to extraordinary losses associated with the solicitation of voluntary retirement at a consolidated subsidiary and the write-off of a portion of deferred tax assets, resulting in an adjustment of income taxes.」
For the 9-month cumulative period, net sales fell 32.8% year on year, operating loss was ¥6.0 billion, ordinary loss was ¥2.6 billion and loss attributable to owners of the parent was ¥21.9 billion, with profitability continuing to deteriorate. - FY2021-Q2WorsenedAnnual report
「For the 6-month cumulative period ended September 30, consolidated net sales were ¥88.9 billion, down 38.4% year on year, and operating loss was ¥8.2 billion, compared with operating profit of ¥5.7 billion in the previous year, resulting in lower sales and profit. Ordinary loss was ¥6.1 billion, compared with ordinary profit of ¥5.8 billion in the previous year. Loss attributable to owners of the parent was ¥21.5 billion, compared with profit attributable to owners of the parent of ¥3.5 billion in the previous year, mainly because, after carefully examining the recoverability of deferred tax assets in light of the outlook for future performance, a portion of the deferred tax assets was written off and an adjustment of ¥10.7 billion was recorded for income taxes.」
For the 6-month cumulative period, net sales fell 38.4% year on year, operating loss was ¥8.2 billion, ordinary loss was ¥6.1 billion and loss attributable to owners of the parent was ¥21.5 billion, resulting in further deterioration in profitability. - FY2021-Q1WorsenedAnnual report
「Against this backdrop, for the 3-month cumulative period ended June 30, consolidated net sales were ¥36.8 billion, down 47.3% year on year, due mainly to declines in the core watch and machine tools businesses. Operating loss was ¥5.6 billion, compared with operating profit of ¥1.8 billion in the previous year, resulting in lower profit. Ordinary loss was ¥4.9 billion, compared with ordinary profit of ¥2.0 billion in the previous year, and loss attributable to owners of the parent was ¥6.7 billion, compared with profit attributable to owners of the parent of ¥0.9 billion in the previous year, with both also declining year on year.」
Declines in the core businesses due to the spread of COVID-19 and other factors resulted in net sales down 47.3% year on year, an operating loss of ¥5.6 billion and a loss attributable to owners of the parent of ¥6.7 billion, with profitability deteriorating further. - FY2020WorsenedAnnual report
「For the fiscal year, consolidated net sales were ¥278.5 billion, down 13.4% year on year, and operating profit was ¥6.1 billion, down 72.6%, resulting in lower sales and profit. Ordinary profit was ¥7.5 billion, down 71.7%, while loss attributable to owners of the parent was ¥16.6 billion, compared with profit attributable to owners of the parent of ¥13.3 billion in the previous fiscal year, due to the recognition of extraordinary losses. All three measures declined year on year.」
For the full year, the company recorded substantially lower sales and profit, including a loss attributable to owners of the parent of ¥16.6 billion. - FY2020-Q3WorsenedAnnual report
「Against this backdrop, for the 9-month cumulative period ended December 31, consolidated net sales were ¥224.9 billion, down 9.2% year on year, and operating profit was ¥11.2 billion, down 45.9%, resulting in lower sales and profit. Ordinary profit was ¥12.4 billion, down 46.6%, and profit attributable to owners of the parent was ¥7.0 billion, down 51.2%, with both also declining year on year.」
For the 9-month cumulative period, net sales, operating profit, ordinary profit and profit attributable to owners of the parent all fell below the previous year’s level, resulting in further deterioration in profitability. - FY2020-Q2WorsenedAnnual report
「Against this backdrop, for the 6-month cumulative period ended September 30, consolidated net sales were ¥144.4 billion, down 6.5% year on year, and operating profit was ¥5.7 billion, down 47.8%, resulting in lower sales and profit. Ordinary profit was ¥5.8 billion, down 55.1%, and profit attributable to owners of the parent was ¥3.5 billion, down 57.1%, with both also declining year on year.」
For the 6-month cumulative period, net sales, operating profit, ordinary profit and profit attributable to owners of the parent all fell below the previous year’s level, resulting in further deterioration in profitability. - FY2020-Q1WorsenedAnnual report
「For the 3-month cumulative period ended June 30, consolidated net sales were ¥69.9 billion, down 6.2% year on year, due mainly to declines in the core watch and machine tools businesses. Operating profit was ¥1.8 billion, down 59.9%, resulting in lower sales and profit. Ordinary profit was ¥2.0 billion, down 66.1%, and profit attributable to owners of the parent was ¥0.9 billion, down 76.8%, with both also declining year on year.」
Declines in the core businesses caused net sales, operating profit, ordinary profit and profit attributable to owners of the parent to fall below the previous year’s level, resulting in further deterioration in profitability. - FY2019-Q3WorsenedAnnual report
「For the 9-month cumulative period ended December 31, consolidated net sales were ¥247.7 billion, up 1.4% year on year, while operating profit was ¥20.7 billion, down 7.0%, resulting in higher sales but lower profit. Ordinary profit was ¥23.2 billion, down 1.4%, and profit attributable to owners of the parent was ¥14.3 billion, down 9.9%, with both also declining year on year.」
For the 9-month cumulative period, sales increased, while operating profit was ¥20.7 billion, ordinary profit was ¥23.2 billion and profit attributable to owners of the parent was ¥14.3 billion, with all three declining year on year. - FY2019-Q2WorsenedAnnual report
「For the 6-month cumulative period ended September 30, consolidated net sales were ¥154.4 billion, up 0.7% year on year, while operating profit was ¥10.9 billion, down 6.8%, resulting in higher sales but lower profit.」
Although net sales increased, operating profit was ¥10.9 billion, down 6.8% year on year, indicating deterioration in profitability. - FY2019-Q1AdvancedAnnual report
「Operating profit increased to ¥4.5 billion, up 18.5% year on year, due to strong performance in the machine tools business and improved profitability in the devices business. Ordinary profit was ¥5.9 billion, up 30.8%, and profit attributable to owners of the parent was ¥3.9 billion, up 47.9%, with both also increasing year on year.」
Strong performance in the machine tools business and improved profitability in the devices business resulted in operating profit of ¥4.5 billion, ordinary profit of ¥5.9 billion and profit attributable to owners of the parent of ¥3.9 billion, all exceeding the previous year’s level. - FY2018AdvancedAnnual report
「For the fiscal year, consolidated net sales were ¥320.0 billion, up 2.4% year on year, and operating profit was ¥24.9 billion, up 15.9%, resulting in higher sales and profit. Ordinary profit was ¥26.6 billion, up 21.3%, and profit attributable to owners of the parent was ¥19.3 billion, up 16.5%, with both also increasing year on year.」
For the full year, operating profit was ¥24.9 billion, ordinary profit was ¥26.6 billion and profit attributable to owners of the parent was ¥19.3 billion, with profit increasing from the previous year. - FY2018-Q3AdvancedAnnual report
「For the 9-month cumulative period ended December 31, consolidated net sales were ¥244.2 billion, up 2.5% year on year, and operating profit was ¥22.2 billion, up 22.4%, resulting in higher sales and profit. Ordinary profit was ¥23.6 billion, up 29.0%, and profit attributable to owners of the parent was ¥15.9 billion, up 36.1%, with both also increasing year on year.」
For the 9-month cumulative period, net sales were ¥244.2 billion, operating profit was ¥22.2 billion, ordinary profit was ¥23.6 billion and profit attributable to owners of the parent was ¥15.9 billion, resulting in higher sales and profit year on year. - FY2018-Q2AdvancedAnnual report
「For the 6-month cumulative period ended September 30, consolidated net sales were ¥153.3 billion, down 0.9% year on year, and operating profit was ¥11.7 billion, up 10.1%, resulting in lower sales but higher profit. Ordinary profit was ¥12.6 billion, up 52.8%, and profit attributable to owners of the parent was ¥8.2 billion, up 56.6%, with both also increasing year on year.」
Despite lower sales, operating profit was ¥11.7 billion, ordinary profit was ¥12.6 billion and profit attributable to owners of the parent was ¥8.2 billion, with profit exceeding the previous year’s level. - FY2018-Q1AdvancedAnnual report
「Operating profit increased due to progress in reducing fixed costs, despite lower sales. As a result, across the watch business, net sales were ¥36.3 billion, down 2.4% year on year, while operating profit was ¥2.6 billion, up 16.5% year on year, resulting in lower sales but higher profit.」
The company reduced fixed costs, and the watch business posted operating profit of ¥2.6 billion, up 16.5% year on year despite lower sales. - FY2017-Q3RestatedAnnual report
「We will advance manufacturing innovation and strengthen profitability in order to establish a highly profitable business structure.」
The company reaffirms its policy of achieving a highly profitable business structure through manufacturing innovation. - FY2017-Q2RestatedAnnual report
「We will advance manufacturing innovation and strengthen profitability in order to establish a highly profitable business structure.」
The company reaffirms its policy of achieving a highly profitable business structure through manufacturing innovation. - FY2017-Q1RestatedAnnual report
「We will advance manufacturing innovation and strengthen profitability in order to establish a highly profitable business structure.」
The company continues to adopt a highly profitable business structure and the strengthening of profitability through manufacturing innovation as its basic policies. - FY2016First statedAnnual report
「We will advance manufacturing innovation and strengthen profitability in order to establish a highly profitable business structure.」
The company states that it will strengthen profitability through manufacturing innovation, with the goal of establishing a highly profitable business structure.