Komori
Nihon Flush (7820) · FactWorsened

China segment revenue increased while profit declined

First written in FY2018-Q1. 6 of 33 entries say "Worsened", first in FY2024-Q1. Latest entry: 2026-11-12.

33entries
10years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2018-Q3 – FY2021-Q1OtherFY2021-Q3 – FY2023-Q1WorsenedFY2024-Q3 – FY20252017: 220172018: 420182019: 420192020: 420202021: 420212022: 320222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
China segment turns profitableA theme 7 companies write about · 0 as a headwind · 6 as a tailwind

Nihon Flush moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).

The whole theme swung hardest in 2019: 3 of 7 companies on the "Worse" side.

1 other company's latest entry also says "Worsened".

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. 2026-11-12WorsenedResults

    「当中間連結会計期間の売上高は、87億91百万円(前年同期比14.4%減)、営業損失は、1億58百万円(前年同期は営業利益4億55百万円)」

    全社業績として減収・営業赤字となった。中国セグメントの個別数値ではないため、既存の中国業績スレッドへの直接更新ではなく、業績悪化を示す canonical event として記録した。
  2. FY2027-H1WorsenedAnnual report

    「In China, revenue was ¥4,130 million, down 25.9% year on year, and the company posted an operating loss of ¥719 million, compared with an operating loss of ¥152 million in the same period of the previous year.」

    The China segment reported a 25.9% year-on-year decline in revenue, while its operating loss widened from ¥152 million to ¥719 million. Performance in the China business deteriorated during the interim period.
  3. FY2026Full-year revenue declined, but the company achieved an operating profitAnnual report

    「As a result, revenue in China was ¥13,557 million, down 6.2% year on year, while operating profit was ¥326 million, compared with an operating loss of ¥234 million in the year-earlier period.」

    China segment full-year revenue declined 6.2%, while the segment returned to profitability, shifting from an operating loss of ¥234 million to operating profit of ¥326 million.
  4. 2026-05-15ReframedRevisions to earnings forecasts

    「中国について、売上高は、135億57百万円(前年同期比6.2%減)、営業利益は、3億26百万円(前年同期は営業損失2億34百万円)となりました。」

    中国セグメントは減収が続いた一方、営業損失から営業黒字へ転じた。
  5. FY2026-H1Interim revenue declined, while the operating loss narrowedAnnual report

    「In China, revenue was ¥5,577 million, down 5.1% year on year, while the operating loss was ¥152 million, compared with an operating loss of ¥161 million in the year-earlier period.」

    China segment revenue declined 5.1%, while the operating loss narrowed slightly from ¥161 million to ¥152 million. The segment continued to report lower revenue and remain in the red.
  6. FY2025WorsenedAnnual report

    「As a result, revenue in China was ¥14,454 million, down 7.8% year on year, while the operating loss was ¥234 million, compared with operating profit of ¥385 million in the year-earlier period.」

    For the full year, China segment revenue declined, and the segment shifted from operating profit of ¥385 million in the previous year to an operating loss of ¥234 million. The deterioration in the China business continued from the previous fiscal year.
  7. FY2025-H1WorsenedAnnual report

    「In China, revenue was ¥5,877 million, down 14.8% year on year, while the operating loss was ¥161 million, compared with operating profit of ¥279 million in the previous year.」

    In the interim period, China segment revenue declined 14.8%, and the segment shifted from operating profit of ¥279 million in the year-earlier period to an operating loss of ¥161 million.
  8. FY2024-Q3WorsenedAnnual report

    「In China, revenue was ¥11,589 million, down 11.5% year on year, while operating profit was ¥752 million, down 3.1%.」

    For the cumulative third quarter, China segment revenue declined 11.5% and operating profit declined 3.1%, with the rate of revenue decline widening from the cumulative second quarter.
  9. FY2024-Q2Cumulative second-quarter revenue declined, while operating profit edged downAnnual report

    「In China, revenue was ¥6,902 million, down 4.5% year on year, while operating profit was ¥279 million, down 0.3%.」

    For the cumulative second quarter, China segment revenue declined 4.5% and operating profit declined 0.3%, resulting in lower revenue and profit year on year.
  10. FY2024-Q1WorsenedAnnual report

    「In China, revenue was ¥2,092 million, down 21.4% year on year, while the operating loss was ¥154 million, compared with an operating loss of ¥18 million in the previous year.」

    China segment revenue declined 21.4% in the first quarter, and the operating loss widened from ¥18 million to ¥154 million.
  11. FY2023China operations: lower revenue and lower profit for the full yearAnnual report

    「As a result, revenue in China was ¥17,771 million, down 27.8% year on year, while operating profit was ¥1,096 million, down 69.9%.」

    For the full year, China segment revenue declined 27.8% and operating profit declined 69.9%, shifting from higher revenue and profit in the previous fiscal year to lower revenue and profit.
  12. FY2023-Q3China operations: lower revenue and lower profit for the first 3 quartersAnnual report

    「In China, revenue was ¥13,095 million, down 24.4% year on year, while segment profit (operating profit) was ¥776 million, down 72.2%.」

    For the cumulative third quarter, China segment revenue declined 24.4% and segment profit declined 72.2%, resulting in lower revenue and profit.
  13. FY2023-Q2ReframedAnnual report

    「In China, revenue declined 19.7% year on year to ¥7,231 million, while segment profit (operating profit) declined 76.6% to ¥280 million.」

    The China segment shifted from an operating loss in the first quarter to operating profit of ¥280 million for the cumulative second quarter, but revenue and profit declined year on year, with revenue down 19.7% and segment profit down 76.6%.
  14. FY2023-Q1China business reported lower revenue and an operating loss in the first quarterAnnual report

    「In China, revenue declined 22.3% year on year to ¥2,661 million, while segment loss (operating loss) was ¥18 million, compared with segment profit (operating profit) of ¥260 million in the year-earlier period.」

    The China segment shifted from higher revenue and an operating profit in the year-earlier period to a 22.3% decline in revenue and an operating loss of ¥18 million.
  15. FY2022-Q3China operations: higher revenue and higher profit for the first 3 quartersAnnual report

    「In China, revenue increased 29.0% year on year to ¥17,365 million, while segment profit (operating profit) increased 51.9% to ¥2,797 million.」

    For the cumulative third quarter, China segment revenue increased 29.0% and segment profit increased 51.9%, with higher revenue and profit continuing.
  16. FY2022-Q2China operations: higher revenue and higher profit for the first 2 quartersAnnual report

    「In China, revenue was ¥9,009 million, up 34.6% year on year, while segment profit (operating profit) was ¥1,196 million, up 74.6%.」

    For the cumulative second quarter, China segment revenue increased 34.6% and segment profit increased 74.6%, resulting in higher revenue and profit.
  17. FY2022-Q1China operations: higher revenue and a return to operating profitability in the first quarterAnnual report

    「In China, revenue was ¥3,423 million, up 87.7% year on year, while segment profit (operating profit) was ¥260 million, compared with a segment loss (operating loss) of ¥52 million in the previous year.」

    The China segment shifted from an operating loss of ¥52 million in the year-earlier period to operating profit of ¥260 million, while revenue also increased 87.7%.
  18. FY2021Full-year revenue and profit declinedAnnual report

    「As a result, revenue in China was ¥20,238 million, down 7.0% year on year, while segment profit (operating profit) was ¥3,090 million, down 11.1%.」

    For the full year, China segment revenue declined 7.0% and segment profit declined 11.1%, resulting in a shift to lower revenue and profit.
  19. FY2021-Q3Lower revenue and profit for the first nine monthsAnnual report

    「In China, revenue declined 10.3% year on year to ¥13,462 million, while segment profit (operating profit) declined 17.0% to ¥1,841 million.」

    For the cumulative third quarter, China segment revenue declined 10.3% and segment profit declined 17.0%, with lower revenue and profit continuing.
  20. FY2021-Q2ReframedAnnual report

    「In China, revenue was ¥6,693 million, down 15.0% year on year, while segment profit (operating profit) was ¥685 million, down 16.8%.」

    The China segment shifted from lower revenue and an operating loss in the first quarter to a situation in which it recorded operating profit of ¥685 million for the cumulative second quarter, despite lower revenue and profit.
  21. FY2021-Q1First-quarter results: lower revenue and operating lossAnnual report

    「In China, revenue declined 31.3% year on year to ¥1,823 million, while segment loss (operating loss) was ¥52 million.」

    China segment revenue declined 31.3% in the first quarter, resulting in a segment operating loss of ¥52 million.
  22. FY2020Full-year revenue and profit increasedAnnual report

    「In China, revenue increased 39.9% year on year to ¥21,773 million, while segment profit (operating profit) increased 52.0% to ¥3,476 million.」

    For the full year, China segment revenue increased 39.9% and segment profit increased 52.0%, resulting in higher revenue and profit for the second consecutive year.
  23. FY2020-Q3Revenue and profit increased in the first nine monthsAnnual report

    「In China, revenue was ¥14,965 million, up 46.0% year on year, while segment profit (operating profit) was ¥2,217 million, up 62.1%.」

    For the cumulative third quarter, China segment revenue increased 46.0% and segment profit increased 62.1%, resulting in higher revenue and profit.
  24. FY2020-Q2Higher revenue and profit for the first six monthsAnnual report

    「In China, revenue was ¥7,870 million, up 43.1% year on year, while segment profit (operating profit) was ¥823 million, up 23.3%.」

    For the cumulative second quarter, China segment revenue increased 43.1% and segment profit increased 23.3%.
  25. FY2020-Q1First-quarter revenue and profit increasedAnnual report

    「In China, revenue was ¥2,653 million, up 42.0% year on year, while segment profit (operating profit) was ¥223 million, up 70.9%.」

    In the first quarter, China segment revenue increased 42.0% and segment profit increased 70.9%, changing from the higher revenue but lower profit recorded in the year-earlier period to increases in both revenue and profit.
  26. FY2019Full-year revenue and profit increasedAnnual report

    「As a result, revenue in China was ¥15,562 million, up 30.9% year on year, while segment profit (operating profit) was ¥2,287 million, up 14.7%.」

    For the full year, China segment revenue increased 30.9% and segment profit increased 14.7%, resulting in higher revenue and profit.
  27. FY2019-Q3Cumulative third-quarter results: higher sales but lower profitAnnual report

    「China (¥ thousand) 10,253,606 124.7 1,367,736」

    China segment revenue for the cumulative third quarter was ¥10,253,606 thousand, or 124.7% of the year-earlier period, while segment profit was ¥1,367,736 thousand, below the ¥1,467,961 thousand recorded in the year-earlier period.
  28. FY2019-Q2Higher revenue and profit for the first six monthsAnnual report

    「China (¥ thousands) 5,500,234 126.2% / Segment profit 668,268」

    For the cumulative second quarter, China segment revenue increased 126.2% year on year, while segment profit also increased from ¥655,909 thousand in the year-earlier period to ¥668,268 thousand.
  29. FY2019-Q1Revenue growth but profit decline in the first quarterAnnual report

    「In China, revenue increased 19.2% year on year to ¥1,878 million, while segment profit (operating profit) declined 13.9% to ¥130 million.」

    China segment revenue increased 19.2% year on year in the first quarter, while segment profit declined 13.9%.
  30. FY2018Full-year revenue and profit increasedAnnual report

    「In China, revenue increased 31.6% year on year to ¥11,885 million, while segment profit (operating profit) increased 25.1% to ¥1,993 million.」

    For the full year, China segment revenue and segment profit both exceeded the year-earlier levels, resulting in higher revenue and profit.
  31. FY2018-Q3RestatedAnnual report

    「China (¥ thousand) 8,222,474 145.9; segment profit 1,467,961」

    For the cumulative third quarter, China segment revenue was ¥8,222,474 thousand, or 145.9% of the year-earlier period, and segment profit was ¥1,467,961 thousand, marking continued increases in both revenue and profit.
  32. FY2018-Q2ReframedAnnual report

    「China (¥ thousand) 4,359,983 132.9; segment profit 655,909」

    The trend of higher revenue but lower profit in the first quarter changed in the cumulative second quarter, when China segment revenue reached 132.9% of the year-earlier period and segment profit rose to ¥655,909 thousand, with both revenue and profit exceeding the year-earlier levels.
  33. FY2018-Q1First statedAnnual report

    「China (¥ thousand) 1,564,003 113.3; segment profit 152,154」

    China segment revenue for the cumulative first quarter was ¥1,564,003 thousand, or 113.3% of the year-earlier period, while segment profit was ¥152,154 thousand, down from ¥193,334 thousand in the year-earlier period.
Moved together

"China operations as a pillar of the growth strategy, delivering high growth" moved the same way as this thread, in the same document, in 6 of its 33 moves.

644332★123456
  1. ★This thread
  2. 1China operations as a pillar of the growth strategy, delivering high growth6×
  3. 2Orders and the order backlog increased in China4×
  4. 3Declining domestic housing demand due to the declining birthrate and aging population4×
  5. 4Regional polarization and rising inventories in China's property market, with sluggish housing starts3×
  6. 5Disruption to economic activity, production and supply chains caused by COVID-193×
  7. 6Increase in China's trade receivables balance and collection risk2×

★ 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 Nihon Flush yet. It last moved in the Results of 2026-11-12: "Worsened".
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