Profit decline due to the absence of extraordinary gains and financing costs
First written in FY2017-Q3. 14 of 38 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Interim net income due to gains on the sale of fixed assets and insurance proceedsAnnual report
「The Company recognized a gain on the sale of property, plant and equipment of ¥4,296.698 million and insurance proceeds received of ¥316.921 million as extraordinary income, and recognized a disaster-related loss of ¥351.912 million as an extraordinary loss.」
The Company recognized a ¥4,296.698 million gain on the sale of property, plant and equipment in the Shinkiba area and ¥316.921 million in insurance proceeds related to the minor fire at the Sakura Plant as extraordinary income, while also recognizing a disaster-related loss of ¥351.912 million. Despite continuing operating and ordinary losses, interim net income attributable to owners of the parent was ¥3,916.597 million. - FY2026Recognition of disaster-related and fraud-related extraordinary lossesAnnual report
「The loss from the disaster is the loss caused by a minor fire at our Sakura Plant on 1 November 2025. The other loss arose in connection with fraudulent conduct by an employee of a consolidated subsidiary.」
The Company recognized as extraordinary losses a disaster-related loss of ¥558.678 million arising from a minor fire at the Sakura Plant and a fraud-related loss of ¥26.334 million associated with fraudulent conduct by an employee of a consolidated subsidiary. - FY2026-H1Shift to an interim net loss following the disappearance of extraordinary incomeAnnual report
「Total extraordinary income 463,562 3,245 Interim net income or net loss attributable to owners of the parent (△) 330,055 △ 74,822」
Extraordinary income, including insurance proceeds received, declined from ¥463.562 million in the prior-year period to ¥3.245 million in the current interim period, and profit attributable to owners of the parent shifted from income of ¥330.055 million to a loss of ¥74.822 million. - FY2025-H1AdvancedAnnual report
「As a result, results for the six months ended the current interim consolidated accounting period were as follows: Revenue was ¥3,991.932 million (up 20.9% year on year), operating loss was ¥16.638 million (compared with a loss of ¥548.759 million in the prior-year period), ordinary loss was ¥47.185 million (compared with a loss of ¥507.845 million in the prior-year period), and interim net income attributable to owners of the parent was ¥330.055 million (compared with a loss of ¥551.522 million in the prior-year period).」
Revenue increased 20.9% year on year, operating and ordinary losses narrowed substantially, and profit attributable to owners of the parent shifted from a loss in the prior-year period to income of ¥330.055 million. However, a loss remained at the operating level. - FY2024WorsenedAnnual report
「Results for the consolidated fiscal year were as follows: revenue was ¥7,135.966 million, down 15.7% year on year; operating loss was ¥939.572 million, compared with a loss of ¥242.710 million in the prior-year period; ordinary loss was ¥891.337 million, compared with a loss of ¥223.993 million in the prior-year period; and net loss attributable to owners of the parent was ¥957.041 million, compared with a loss of ¥507.807 million in the prior-year period.」
Revenue fell 15.7% year on year, while operating loss, ordinary loss and net loss attributable to owners of the parent all increased from the prior fiscal year. - FY2024-Q3WorsenedAnnual report
「As a result, results for the nine months ended the third quarter of the current consolidated fiscal year were as follows: Revenue was ¥5,208.747 million (down 26.2% year on year), operating loss was ¥686.248 million (compared with operating income of ¥298.212 million in the prior-year period), ordinary loss was ¥633.828 million (compared with ordinary income of ¥330.597 million in the prior-year period), and net loss attributable to owners of the parent was ¥679.880 million (compared with net income of ¥89.769 million in the prior-year period).」
Revenue fell 26.2% year on year, and operating income, ordinary income and net income attributable to owners of the parent all shifted from profits in the prior-year period to losses. The deterioration in performance is shown in the figures. - FY2024-Q2WorsenedAnnual report
「As a result, for the six months ended 30 September of the current fiscal year, net sales were ¥3,303,048 thousand, down 28.7% year on year, operating loss was ¥548,759 thousand, compared with income of ¥142,694 thousand in the same period of the previous fiscal year, and ordinary loss was ¥507,845 thousand, compared with income of ¥187,038 thousand. Net loss attributable to owners of the parent was ¥551,522 thousand, compared with income of ¥57,797 thousand.」
Revenue fell 28.7% year on year, and operating income, ordinary income and net income attributable to owners of the parent all shifted from profits in the prior-year period to losses. The deterioration in performance is shown in specific figures. - FY2024-Q1WorsenedAnnual report
「As a result, for the three months ended 30 June of the current fiscal year, net sales were ¥1,621,068 thousand, down 30.9% year on year, operating loss was ¥215,346 thousand, compared with operating income of ¥124,578 thousand in the same period of the previous fiscal year, ordinary loss was ¥229,047 thousand, compared with ordinary income of ¥183,474 thousand, and net loss attributable to owners of the parent was ¥251,655 thousand, compared with net income attributable to owners of the parent of ¥115,884 thousand.」
Operating results, ordinary results and results attributable to owners of the parent all turned from profits in the same period of the previous fiscal year into losses in the current quarter. Net sales also decreased 30.9% year on year, demonstrating the deterioration in performance. - FY2023Substantial narrowing of operating and ordinary lossesAnnual report
「Net sales were ¥8,466,707 thousand, up 11.9% year on year, operating loss was ¥242,710 thousand, compared with a loss of ¥938,344 thousand in the previous fiscal year, and ordinary loss was ¥223,993 thousand, compared with a loss of ¥914,300 thousand. Net loss attributable to owners of the parent was ¥507,807 thousand, compared with a loss of ¥1,223,895 thousand.」
Net sales increased, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the previous fiscal year. However, losses continued at each level. - FY2023-Q3AdvancedAnnual report
「For the nine months ended 31 December of the current fiscal year, net sales were ¥7,059,416 thousand, up 28.3% year on year, operating income was ¥298,212 thousand, compared with a loss of ¥1,138,610 thousand in the same period of the previous fiscal year, and ordinary income was ¥330,597 thousand, compared with a loss of ¥1,180,383 thousand. Profit attributable to owners of the parent was ¥89,769 thousand, compared with a loss of ¥1,454,628 thousand.」
The shift from losses in the same period of the previous fiscal year to operating income, ordinary income and quarterly profit attributable to owners of the parent continued through the nine-month cumulative period, with net sales up 28.3% year on year. - FY2023-Q2AdvancedAnnual report
「As a result, for the six months ended 30 September of the current fiscal year, net sales were ¥4,634,101 thousand, up 29.7% year on year, operating income was ¥142,694 thousand, compared with an operating loss of ¥893,032 thousand in the same period of the previous fiscal year, ordinary income was ¥187,038 thousand, compared with an ordinary loss of ¥921,752 thousand, and profit attributable to owners of the parent was ¥57,797 thousand, compared with a net loss attributable to owners of the parent of ¥1,122,877 thousand.」
Net sales increased 29.7% year on year, and operating results, ordinary results and profit attributable to owners of the parent all turned from losses in the same period of the previous fiscal year into profits. This represents concrete progress in the recovery of profitability following the first quarter. - FY2023-Q1AdvancedAnnual report
「As a result, for the three months ended 30 June of the current fiscal year, net sales were ¥2,346,787 thousand, up 26.1% year on year, operating income was ¥124,578 thousand, compared with an operating loss of ¥300,854 thousand in the same period of the previous fiscal year, ordinary income was ¥183,474 thousand, compared with an ordinary loss of ¥313,398 thousand, and profit attributable to owners of the parent was ¥115,884 thousand, compared with a net loss attributable to owners of the parent of ¥400,964 thousand.」
Net sales increased 26.1% year on year, and operating results, ordinary results and profit attributable to owners of the parent all turned from losses in the same period of the previous fiscal year into profits. - FY2022Operating and ordinary losses narrow, but net loss continuesAnnual report
「Net sales were ¥7,565,844 thousand, up 4.9% year on year, operating loss was ¥938,344 thousand, compared with a loss of ¥2,536,034 thousand in the previous fiscal year, and ordinary loss was ¥914,300 thousand, compared with a loss of ¥2,310,837 thousand. Net loss attributable to owners of the parent was ¥1,223,895 thousand, compared with a loss of ¥1,558,504 thousand.」
Net sales increased, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the previous fiscal year. However, each loss continued. - FY2022-Q3Operating and ordinary losses narrowed, but net loss widenedAnnual report
「For the nine months ended 31 December of the current fiscal year, net sales were ¥5,500,793 thousand, up 1.3% year on year, operating loss was ¥1,138,610 thousand, compared with a loss of ¥2,067,947 thousand in the same period of the previous fiscal year, and ordinary loss was ¥1,180,383 thousand, compared with a loss of ¥1,959,283 thousand. Net loss attributable to owners of the parent was ¥1,454,628 thousand, compared with a loss of ¥1,286,181 thousand.」
Net sales increased 1.3%, and operating loss and ordinary loss narrowed from the same period of the previous fiscal year, while net loss attributable to owners of the parent increased. Improvement in performance varied by level of the income statement. - FY2022-Q2Losses continued to narrowAnnual report
「As a result, for the six months ended 30 September of the current fiscal year, net sales were ¥3,572,871 thousand, up 3.0% year on year, operating loss was ¥893,032 thousand, compared with an operating loss of ¥1,479,819 thousand in the same period of the previous fiscal year, and ordinary loss was ¥921,752 thousand, compared with an ordinary loss of ¥1,355,806 thousand. In addition, the recording of ¥120,332 thousand in costs related to the suspension of operations as an extraordinary loss, among other factors, resulted in a net loss attributable to owners of the parent of ¥1,122,877 thousand, compared with a net loss attributable to owners of the parent of ¥1,524,425 thousand.」
Net sales increased 3.0% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same period of the previous fiscal year. However, losses, including ¥120,332 thousand in costs related to the suspension of operations, continued. - FY2022-Q1Losses continued to narrowAnnual report
「As a result, for the three months ended 30 June of the current fiscal year, net sales were ¥1,861,641 thousand, up 10.5% year on year, operating loss was ¥300,854 thousand, compared with an operating loss of ¥828,607 thousand in the same period of the previous fiscal year, and ordinary loss was ¥313,398 thousand, compared with an ordinary loss of ¥687,342 thousand. In addition, the recording of ¥46,760 thousand in costs related to the suspension of operations as an extraordinary loss, among other factors, resulted in a net loss attributable to owners of the parent of ¥400,964 thousand, compared with a net loss attributable to owners of the parent of ¥787,302 thousand.」
Net sales increased 10.5% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same period of the previous fiscal year. However, losses and costs related to the suspension of operations remain. - FY2021Operating and ordinary losses narrow, but the Company falls into a net lossAnnual report
「The depreciation burden at the Sakura Plant remained substantial, resulting in an operating loss of ¥2,536,034 thousand, compared with a loss of ¥3,294,807 thousand in the previous fiscal year, and an ordinary loss of ¥2,310,837 thousand, compared with a loss of ¥3,342,859 thousand. Net loss attributable to owners of the parent was ¥1,558,504 thousand, compared with income of ¥1,667,087 thousand in the previous fiscal year.」
While operating loss and ordinary loss narrowed from the previous fiscal year, gains on the sale of fixed assets nearly disappeared, and profit attributable to owners of the parent fell from a profit of ¥1,667,087 thousand to a loss of ¥1,558,504 thousand. - FY2021-Q3WorsenedAnnual report
「Net sales were ¥5,428,803 thousand, down 7.2% year on year, operating loss was ¥2,067,947 thousand, compared with a loss of ¥1,999,357 thousand in the same period of the previous fiscal year, and ordinary loss was ¥1,959,283 thousand, compared with a loss of ¥1,892,305 thousand. Net loss attributable to owners of the parent was ¥1,286,181 thousand, compared with a loss of ¥1,361,355 thousand.」
Net sales decreased 7.2% year on year, and operating loss and ordinary loss increased from the same period of the previous fiscal year. Although net loss attributable to owners of the parent narrowed, losses at the operating and ordinary income levels worsened. - FY2021-Q2WorsenedAnnual report
「Net sales were ¥3,470,288 thousand, down 2.0% year on year, operating loss was ¥1,479,819 thousand, compared with an operating loss of ¥1,278,149 thousand in the same period of the previous fiscal year, and ordinary loss was ¥1,355,806 thousand, compared with an ordinary loss of ¥1,175,262 thousand. In addition, the recording of ¥107,076 thousand in costs related to the suspension of operations as an extraordinary loss, among other factors, resulted in a net loss attributable to owners of the parent of ¥1,524,425 thousand, compared with a net loss attributable to owners of the parent of ¥626,133 thousand.」
Net sales decreased, and operating loss and ordinary loss increased from the same period of the previous fiscal year. The recording of costs related to the suspension of operations also contributed to a substantial increase in net loss attributable to owners of the parent from the same period of the previous fiscal year. - FY2021-Q1WorsenedAnnual report
「As a result, for the three months ended 30 June of the current fiscal year, net sales were ¥1,684,338 thousand, down 1.8% year on year, operating loss was ¥828,607 thousand, compared with an operating loss of ¥584,797 thousand in the same period of the previous fiscal year, and ordinary loss was ¥687,342 thousand, compared with an ordinary loss of ¥604,521 thousand. In addition, the Company recorded ¥64,872 thousand in costs related to the suspension of operations as an extraordinary loss, among other factors, resulting in a net loss attributable to owners of the parent of ¥787,302 thousand, compared with a net loss attributable to owners of the parent of ¥637,190 thousand.」
Net sales decreased year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all increased from the same period of the previous fiscal year. The Company also recorded ¥64,872 thousand in costs related to the suspension of operations. - FY2020Expansion of operating loss and return to net profitability due to extraordinary gainsAnnual report
「The depreciation burden at the Sakura Plant remained substantial, resulting in an operating loss of ¥3,294,807 thousand, compared with a loss of ¥2,719,392 thousand in the previous fiscal year, and an ordinary loss of ¥3,342,859 thousand, compared with a loss of ¥2,821,349 thousand. However, the sale of fixed assets conducted in March resulted in an extraordinary gain of ¥6,085,997 thousand, and profit attributable to owners of the parent was ¥1,667,087 thousand, up 1,642.0% year on year.」
While the depreciation burden at the Sakura Plant caused operating and ordinary losses to increase from the previous fiscal year, the gain of ¥6,085,997 thousand on the sale of fixed assets resulted in profit attributable to owners of the parent of ¥1,667,087 thousand. - FY2020-Q3Expansion of operating loss and contraction of ordinary and net lossesAnnual report
「For the nine months ended 31 December of the current fiscal year, sales of flooring particleboard and processed products remained firm, and production and sales at the Shinkiba Recycling Plant generally met the targets. However, delays in the production and sales of structural particleboard product "Kabe Musha" manufactured at the Sakura Plant resulted in net sales of ¥5,848,493 thousand, up 17.2% year on year, operating loss of ¥1,999,357 thousand, compared with a loss of ¥1,967,554 thousand in the same period of the previous fiscal year, ordinary loss of ¥1,892,305 thousand, compared with a loss of ¥2,019,304 thousand, and a net loss attributable to owners of the parent of ¥1,361,355 thousand, compared with a loss of ¥2,172,960 thousand.」
Net sales increased 17.2% year on year, and while operating loss expanded from the same period of the previous fiscal year, ordinary loss and net loss attributable to owners of the parent narrowed. - FY2020-Q2Losses continued to narrowAnnual report
「For the six months ended 30 September of the current fiscal year, sales of unfinished and processed flooring particleboard remained firm, and production and sales at the Shinkiba Recycling Plant generally met the targets. However, delays in the production and sales of the new structural particleboard product "Kabe Musha" manufactured at the Sakura Plant resulted in net sales of ¥3,541,443 thousand, up 18.3% year on year, operating loss of ¥1,278,149 thousand, compared with an operating loss of ¥1,512,172 thousand in the same period of the previous fiscal year, ordinary loss of ¥1,175,262 thousand, compared with an ordinary loss of ¥1,567,659 thousand, and a net loss attributable to owners of the parent of ¥626,133 thousand, compared with a net loss attributable to owners of the parent of ¥1,663,675 thousand.」
Net sales increased 18.3% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same period of the previous fiscal year. However, losses continued. - FY2020-Q1Narrower LossesAnnual report
「For the three months ended 30 June of the current fiscal year, sales of unfinished and processed particleboard remained firm, and production and sales at the Shinkiba Recycling Plant generally met the targets. However, delays in the production and sales of the structural particleboard product "Kabe Musha" manufactured at the Sakura Plant resulted in net sales of ¥1,715,152 thousand, up 29.3% year on year, operating loss of ¥584,797 thousand, compared with an operating loss of ¥821,510 thousand in the same period of the previous fiscal year, ordinary loss of ¥604,521 thousand, compared with an ordinary loss of ¥849,668 thousand, and a net loss attributable to owners of the parent of ¥637,190 thousand, compared with a net loss attributable to owners of the parent of ¥898,640 thousand.」
Net sales increased 29.3% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same period of the previous fiscal year. However, losses continued due to delays in the production and sales of the new product at the Sakura Plant. - FY2019Expansion of operating loss and recovery in net income due to gains on the sale of fixed assetsAnnual report
「Following the start of depreciation associated with the Sakura Plant's commencement of operations, operating loss was ¥2,719,392 thousand, compared with a loss of ¥877,164 thousand in the previous fiscal year, and ordinary loss was ¥2,821,349 thousand, compared with a loss of ¥972,821 thousand. However, the sale of fixed assets conducted at the end of the fiscal year resulted in an extraordinary gain of ¥3,199,900 thousand, and profit attributable to owners of the parent was ¥95,702 thousand, compared with a loss of ¥1,402,877 thousand in the previous fiscal year.」
While the depreciation burden at the Sakura Plant caused operating and ordinary losses to increase from the previous fiscal year, the gain of ¥3,199,900 thousand on the sale of fixed assets turned profit attributable to owners of the parent into a profit. - FY2019-Q3WorsenedAnnual report
「For the nine months ended 31 December of the current fiscal year, net sales were ¥4,990,729 thousand, up 11.0% year on year, operating loss was ¥1,967,554 thousand, compared with a loss of ¥237,845 thousand in the same period of the previous fiscal year, and ordinary loss was ¥2,019,304 thousand, compared with a loss of ¥296,531 thousand. Net loss attributable to owners of the parent was ¥2,172,960 thousand, compared with a loss of ¥411,339 thousand.」
While net sales increased 11.0% year on year, operating loss, ordinary loss and net loss attributable to owners of the parent all increased substantially from the same period of the previous fiscal year. The Wood Environmental Solutions business posted an operating loss of ¥1,972,650 thousand due to the depreciation burden at the Sakura Plant. - FY2019-Q2WorsenedAnnual report
「The start of depreciation associated with the Sakura Plant increased cost of sales, resulting in an operating loss of ¥1,512,172 thousand, compared with operating income of ¥280,349 thousand in the same period of the previous fiscal year, an ordinary loss of ¥1,567,659 thousand, compared with ordinary income of ¥241,189 thousand, and a net loss attributable to owners of the parent of ¥1,663,675 thousand, compared with net income attributable to owners of the parent of ¥142,772 thousand.」
Operating income, ordinary income and profit attributable to owners of the parent all turned from profits in the same period of the previous fiscal year into substantial losses. The increase in cost of sales due to depreciation related to the Sakura Plant has emerged as a specific factor behind the decline in profit. - FY2019-Q1WorsenedAnnual report
「For the three months ended 30 June of the current fiscal year, sales of unfinished and processed products remained firm. Production and sales at the Shinkiba Recycling Plant met the targets, but the transfer of personnel and production equipment from the Shinkiba Recycling Plant to the Sakura Plant caused a temporary suspension of operations and production delays. Net sales were ¥1,326,985 thousand, down 15.6% year on year. The start of depreciation associated with the Sakura Plant increased cost of sales, resulting in an operating loss of ¥821,510 thousand, compared with operating income of ¥167,372 thousand in the same period of the previous fiscal year, an ordinary loss of ¥849,668 thousand, compared with ordinary income of ¥148,846 thousand, and a net loss attributable to owners of the parent of ¥898,640 thousand, compared with net income attributable to owners of the parent of ¥93,763 thousand.」
Net sales decreased 15.6% year on year, and operating income, ordinary income and profit attributable to owners of the parent all turned from profits in the same period of the previous fiscal year into losses. Production delays associated with the transfer to the Sakura Plant and the depreciation burden continue to emerge as specific factors behind the decline in profit. - FY2018WorsenedAnnual report
「For the current fiscal year, sales of unfinished boards and processed products remained firm, but the temporary suspension of operations associated with transferring personnel and production equipment to the Sakura Plant had an impact. Net sales were ¥5,921,658 thousand, down 0.5% year on year. Following the start of depreciation associated with the Sakura Plant's commencement of operations, operating loss was ¥877,164 thousand, compared with operating income of ¥653,274 thousand in the previous fiscal year, and ordinary loss was ¥972,821 thousand, compared with ordinary income of ¥485,938 thousand.」
While net sales declined slightly, the temporary suspension associated with the transfer and start-up of the Sakura Plant and the depreciation burden caused operating and ordinary results to turn from profit to substantial losses. - FY2018-Q3WorsenedAnnual report
「For the nine months ended 31 December of the current fiscal year, net sales were ¥4,495,993 thousand, up 3.7% year on year, operating loss was ¥237,845 thousand, compared with operating income of ¥442,811 thousand in the same period of the previous fiscal year, and ordinary loss was ¥296,531 thousand, compared with ordinary income of ¥297,568 thousand. Net loss attributable to owners of the parent was ¥411,339 thousand, compared with net income of ¥161,985 thousand in the same period of the previous fiscal year.」
While net sales increased, operating income, ordinary income and profit attributable to owners of the parent all turned into losses. The Company explained that the Wood Environmental Solutions business recorded a segment loss of ¥223,998 thousand due to the depreciation burden in the first year after the Sakura Plant began operations. - FY2018-Q2Continued profit growthAnnual report
「For the six months ended 30 September of the current fiscal year, net sales were ¥3,018,679 thousand, up 11.2% year on year, operating income was ¥280,349 thousand, up 10.9%, and ordinary income was ¥241,189 thousand, up 99.5%. Profit attributable to owners of the parent was ¥142,772 thousand, up 224.5%.」
Unlike the decline in profit caused by the disappearance of extraordinary gains and financing costs, among other factors, described for the previous fiscal year, net sales, operating income, ordinary income and profit attributable to owners of the parent all increased year on year for the six-month cumulative period. - FY2018-Q1Shift from factors describing a decline in profit to actual profit growthAnnual report
「For the three months ended 30 June of the current fiscal year, net sales were ¥1,571,377 thousand, up 18.5% year on year, operating income was ¥167,372 thousand, up 107.8% year on year, and ordinary income was ¥148,846 thousand, up 95.0%. Profit attributable to owners of the parent was ¥93,763 thousand, up 120.7%.」
Unlike the decline in profit caused by the disappearance of extraordinary gains and financing costs, among other factors, described for the previous fiscal year, net sales, operating income, ordinary income and profit attributable to owners of the parent all increased year on year in the current quarter. - FY2017RestatedAnnual report
「While net sales increased to ¥5,950,589 thousand, up 5.9% year on year, and operating income increased to ¥653,274 thousand, up 21.8%, ordinary income decreased to ¥485,938 thousand, down 6.0%, due to interest expense of ¥50,842 thousand and financing costs of ¥139,393 thousand associated with borrowings for construction of the new plant, among other factors.」
Borrowings and financing costs associated with construction of the new plant, together with interest expense, reduced ordinary income. Following a change in the tax-effect accounting classification, profit attributable to owners of the parent was ¥217,512 thousand, down 57.1% year on year. - FY2017-Q3First statedAnnual report
「For the nine months ended 31 December of the current fiscal year, net sales were ¥4,334,133 thousand, up 2.1% year on year, operating income was ¥442,811 thousand, down 2.6%, and ordinary income was ¥297,568 thousand, down 32.3%. Profit attributable to owners of the parent was ¥161,985 thousand, down 63.3%, mainly because the special factor of ¥137,450 thousand in reversal of provision for directors' retirement benefits, which had been recorded as an extraordinary gain in the previous fiscal year, no longer existed.」
While net sales increased, operating income, ordinary income and profit attributable to owners of the parent decreased. The decline in ordinary income was 32.3%, and the decline in profit attributable to owners of the parent was 63.3%. The disappearance of the special factor of ¥137,450 thousand in reversal of provision for directors' retirement benefits from the previous fiscal year is cited as an explanation.