Substantial increases in revenue and operating profit in the Human Infrastructure Business
First written in FY2016-Q3. 8 of 22 entries say "Restated". Latest entry: FY2022-Q4.
No other company in this theme has enough history to compare yet.
- FY2022-Q4DroppedAnnual report
「Following the transfer of all shares and other interests in MDK Medical Co., Ltd., using the beginning of the first quarter of the previous fiscal year's second quarter as the deemed transfer date, the company excluded MDK Medical from the scope of consolidation and, from the first quarter of the current fiscal year, excluded the Human Infrastructure Business from its reportable segments.」
The Human Infrastructure business was removed from the reportable segments, and performance including the Automotive Wheel business has been consolidated into the Industry Infrastructure business. - FY2022-Q2Lower revenue and profit, plus an additional exclusive supply agreement for international racingAnnual report
「In the Automotive Wheel business, products for domestic and overseas aftermarket markets performed well at BBS Japan Co., Ltd., a subsidiary that manufactures and sells forged aluminum wheels. In addition, performance at its German subsidiary, BBS Motorsport GmbH, improved, resulting in revenue above the year-earlier level. Operating profit was below the year-earlier level because of higher selling, general and administrative expenses such as freight.」
Revenue increased on improved performance in the domestic and overseas aftermarket markets and at the German subsidiary, while operating profit declined because of higher selling, general and administrative expenses such as freight. New exclusive supply agreements for F1 and NASCAR were also disclosed. - FY2021-Q3The Automotive Wheel business shifted from higher revenue and lower profit to substantial profit growth after the transfer.Annual report
「At BBS Japan Co., Ltd., a subsidiary that manufactures and sells forged aluminum wheels, performance at its German subsidiary, BBS Motorsport GmbH, remained weak in the first half because of adjustments related to changes in vehicle models adopting its OEM products. However, domestic OEM supply to automakers and products for the aftermarket performed well, resulting in revenue above the year-earlier level. Operating profit was also substantially above the year-earlier level. Although depreciation expenses increased with the full-scale operation of new equipment and a new plant, higher production utilization reduced costs and selling, general and administrative expenses such as freight declined.」
The Automotive Wheel business recorded higher revenue on strong domestic OEM and aftermarket demand, while operating profit increased substantially as cost reductions from higher production utilization exceeded the depreciation expenses for new equipment and the new plant. - FY2021-Q2Higher revenue and lower profit for the Automotive Wheel business after the transferAnnual report
「At BBS Japan Co., Ltd., a subsidiary that manufactures and sells forged aluminum wheels, performance at its German subsidiary, BBS Motorsport GmbH, remained weak because of adjustments related to changes in vehicle models adopting its OEM products. However, domestic OEM supply to automakers and products for the aftermarket performed well, resulting in revenue above the year-earlier level. Operating profit was below the year-earlier level because higher depreciation expenses associated with the full-scale operation of new equipment and a new plant more than offset the decline in selling, general and administrative expenses such as freight.」
After the Automotive Wheel business was transferred to the Industry Infrastructure business, revenue increased in the domestic OEM and aftermarket markets, while profit declined because of depreciation expenses for new equipment and the new plant. - FY2021-Q1ReframedAnnual report
「From the first quarter of the current consolidated fiscal year, the Automotive Wheel business, formerly part of the Human Infrastructure business, has been transferred to the Industry Infrastructure business.」
The Automotive Wheel business, formerly covered in the Human Infrastructure business performance thread, was transferred to the Industry Infrastructure business. - FY2020WorsenedAnnual report
「Revenue was ¥11,000 million, down 12.7% year on year, and operating profit was ¥470 million, down 78.7%.」
The Human Infrastructure business shifted from higher revenue and profit in the previous fiscal year to lower revenue and profit for the full year, with the decline in operating profit widening to 78.7%. - FY2020-Q3WorsenedAnnual report
「In the Human Infrastructure business, overseas OEM supply to automakers performed well at BBS Japan Co., Ltd., a subsidiary that manufactures and sells forged aluminum wheels. However, the decline in global vehicle production became apparent because of the impact of COVID-19, while performance at its German subsidiary, BBS Motorsport GmbH, stagnated because of the timing of adjustments related to changes in vehicle models adopting its OEM products. As a result, revenue was below the year-earlier level. Operating profit was also substantially below the year-earlier level because of higher personnel expenses ahead of the full-scale operation of new equipment and a new plant, as well as higher depreciation expenses.」
Lower revenue and profit deepened because of the evident decline in global vehicle production, model-change adjustments at the German subsidiary, and costs related to new equipment and the new plant, despite strong overseas OEM supply. - FY2020-Q2RestatedAnnual report
「Revenue was ¥5,631 million, down 11.2% year on year, and operating profit was ¥430 million, down 67.1%.」
Although overseas OEM supply remained strong, the Human Infrastructure business continued to record lower revenue and profit because of model-change adjustments at the German subsidiary and costs incurred before the full-scale operation of new equipment and the new plant. - FY2020-Q1Shift to Lower Revenue and ProfitAnnual report
「In the Human Infrastructure business, overseas OEM supply to automakers and products for the aftermarket performed well at BBS Japan Co., Ltd., a subsidiary that manufactures and sells forged aluminum wheels. However, performance at its German subsidiary, BBS Motorsport GmbH, stagnated because of the timing of adjustments related to changes in vehicle models adopting its OEM products, resulting in revenue below the year-earlier level. Operating profit was also substantially below the year-earlier level because of temporary increases in personnel expenses, airfreight and other costs ahead of the full-scale operation of new equipment and a new plant.」
Despite strong overseas OEM and aftermarket demand, the business recorded lower revenue and profit because of model-change adjustments at the German subsidiary and temporary costs incurred before the full-scale operation of new equipment and the new plant. - FY2019AdvancedAnnual report
「In the Human Infrastructure business, OEM supply to automakers and products for the aftermarket performed well in Japan and overseas at BBS Japan Co., Ltd., a subsidiary that manufactures and sells forged aluminum wheels. In particular, significant increases in OEM supply to North America and sales to overseas aftermarket markets resulted in revenue and profit both exceeding the year-earlier levels. Revenue was ¥12,604 million, up 21.3% year on year, and operating profit was ¥2,207 million, up 16.6%.」
The Human Infrastructure business recorded substantial increases in revenue and profit for the full year, driven by significant growth in OEM supply to North America and overseas aftermarket markets. - FY2019-Q3RestatedAnnual report
「Revenue was ¥9,508 million, up 25.9% year on year, and operating profit was ¥1,883 million, up 43.6%.」
The sales and earnings growth of the Human Infrastructure Business is being reconfirmed, supported by OEM supplies, products for the domestic and overseas aftermarkets, and improved performance at the German subsidiary. - FY2019-Q2RestatedAnnual report
「Sales in this business were ¥6,340 million, up 46.0% year on year, and operating income was ¥1,308 million, up 99.5%.」
The substantial revenue and profit growth of the Human Infrastructure business is being reconfirmed, driven by OEM supply, domestic and overseas aftermarket demand, and growth at the German subsidiary. - FY2019-Q1RestatedAnnual report
「Sales in this business were ¥3,114 million, up 50.2% year on year, and operating income was ¥661 million, up 117.8%.」
The sales and earnings growth of the Human Infrastructure Business is being reconfirmed, supported by OEM supplies, products for the domestic and overseas aftermarkets, and improved performance at the German subsidiary. - FY2018-Q3RestatedAnnual report
「Sales in this business were ¥7,550 million, up 17.1% year on year, and operating income was ¥1,311 million, up 37.1%.」
The Human Infrastructure Business achieved higher sales and higher earnings for the cumulative third quarter, supported by OEM supplies and products for the domestic and overseas aftermarkets. - FY2018-Q2RestatedAnnual report
「In the Human Infrastructure Business, OEM supplies to automakers proceeded smoothly, while products for the profitable aftermarket performed well both in Japan and overseas. As a result, both sales and earnings exceeded the year-earlier period.」
The sales and earnings growth of the Human Infrastructure Business, supported by OEM supplies and products for the domestic and overseas aftermarkets, is being reconfirmed. - FY2018-Q1Turnaround to revenue and profit growthAnnual report
「In the Human Infrastructure Business, OEM supplies to automakers proceeded smoothly, while products for the profitable aftermarket performed well both in Japan and overseas. As a result, both sales and earnings exceeded the year-earlier period.」
The company shifted from higher sales but lower earnings in the previous fiscal year to higher sales and higher earnings, supported by OEM supplies and products for the domestic and overseas aftermarkets. - FY2017Higher sales but lower earnings for the full year as wellAnnual report
「In the Human Infrastructure Business, sales exceeded the year-earlier period as OEM supplies to various automakers remained solid. However, gross margin declined because of changes in the vehicle models adopting the OEM products.」
Sales increased on OEM supplies, while operating income for the full year remained below the year-earlier period due to the decline in gross margin caused by changes in the vehicle models adopting the OEM products. - FY2017-Q3Change in the factors behind the decline in earningsAnnual report
「In the Human Infrastructure Business, sales exceeded the year-earlier period as OEM supplies to various automakers and performance at the German subsidiary BBS Motorsport GmbH remained solid. However, gross margin declined because of changes in the vehicle models adopting the OEM products.」
Sales exceeded the year-earlier period, while operating income was ¥956 million, down 20.6%. The factor cited for the decline in gross margin was changes in the vehicle models adopting the OEM products, rather than the temporary production adjustments cited in the previous quarter. - FY2017-Q2Shift to revenue growth and profit declineAnnual report
「In the Human Infrastructure Business, aluminum forged wheels manufactured by subsidiary BBS Japan Co., Ltd. performed well, with strong OEM supplies to various automakers and performance at its German subsidiary BBS Motorsport GmbH. As a result, sales substantially exceeded the year-earlier period, but gross margin declined due to temporary production adjustments.」
Sales increased on OEM supplies, while gross margin declined due to temporary production adjustments, resulting in higher sales but lower segment operating income than in the year-earlier period. - FY2017-Q1RestatedAnnual report
「In the automotive forged wheel business, aluminum forged wheels manufactured by subsidiary BBS Japan Co., Ltd. performed well. As a result of solid OEM supplies to various automakers and strong performance at its German subsidiary BBS Motorsport GmbH, both sales and earnings exceeded the year-earlier period.」
Sales and earnings in the Human Infrastructure Business exceeded the year-earlier period, supported by OEM supplies and strong performance at the German subsidiary. - FY2016RestatedAnnual report
「Sales in this business were ¥8,146 million, up 34.8% year on year, and operating income was ¥1,308 million, up 29.4%.」
The full-year sales and earnings growth in the Human Infrastructure Business is being reconfirmed, together with the results of OEM sales, the aftermarket, and event initiatives. - FY2016-Q3First statedAnnual report
「In the automotive forged wheel business, aluminum forged wheels manufactured by subsidiary BBS Japan Co., Ltd. performed well. Sales of products for the profitable domestic aftermarket also increased, alongside OEM supplies to various automakers. As a result, both sales and earnings substantially exceeded the year-earlier period. Sales in this business were ¥6,131 million, up 37.7% year on year, and operating income was ¥1,204 million, up 52.6%.」
The Human Infrastructure Business achieved substantial sales and earnings growth, driven by OEM supplies and growth in products for the domestic aftermarket.