Automotive Products: Higher Revenue but a Significant Decline in Profitability; Industrial Materials: Profitability Improvement Following a Revenue Decline
First written in FY2016. 2 of 36 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-07.
1 other company's latest entry also says "Cited as achieved".
- 2026-08-07Cited as achievedEarnings
「In the first quarter of the current fiscal year, net sales were ¥3.068 billion, up 31.9% year on year; operating profit was ¥131 million, down 9.0%; ordinary profit was ¥141 million, up 18.0%; and profit attributable to owners of the parent was ¥102 million, up 40.9%.」
The first-quarter results showed higher sales, lower operating profit, higher ordinary profit and higher profit attributable to owners of the parent. - FY2026Higher Revenue and Significantly Higher ProfitAnnual report
「As a result, revenue for the consolidated fiscal year was ¥9,220 million (up 4.1% from the previous fiscal year), operating profit was ¥477 million (up 64.1%), ordinary profit was ¥492 million (up 74.8%), and net income attributable to owners of the parent was ¥334 million (up 80.3%).」
Full-year revenue increased 4.1% from the previous fiscal year, operating profit increased 64.1%, ordinary profit increased 74.8%, and net income attributable to owners of the parent increased 80.3%. - 2026-05-13Cited as achievedEarnings
「Net sales were ¥9.22 billion, up 4.1% year on year; operating profit was ¥477 million, up 64.1%; ordinary profit was ¥492 million, up 74.8%; and profit attributable to owners of the parent was ¥334 million, up 80.3%.」
The company reported another year of higher sales and profits, with operating profit, ordinary profit and profit attributable to owners of the parent all increasing substantially. - FY2026-H1Higher Revenue and Significantly Higher ProfitAnnual report
「As a result, revenue for the interim consolidated accounting period was ¥4,590 million (up 3.3% year on year), operating profit was ¥242 million (up 180.0%), ordinary profit was ¥234 million (up 303.2%), and interim net income attributable to owners of the parent was ¥144 million (up 315.2%).」
Revenue increased year on year, and operating profit, ordinary profit and interim net income attributable to owners of the parent all increased significantly. - FY2025Lower revenue, significant operating profit growth, higher ordinary profit and higher net incomeAnnual report
「As a result, revenue for the consolidated fiscal year was ¥8,857 million (down 2.5% from the previous fiscal year), operating profit was ¥290 million (up 95.3%), ordinary profit was ¥281 million (up 17.2%), and net income attributable to owners of the parent was ¥185 million (up 3.1%).」
Full-year revenue declined 2.5% from the previous fiscal year, while operating profit increased 95.3%, ordinary profit increased 17.2%, and net income attributable to owners of the parent increased 3.1%. Both the automotive products business and the industrial materials business recorded lower revenue, but segment profit remained positive. - FY2025-H1Higher revenue and operating income; lower ordinary and net incomeAnnual report
「As a result, revenue for the interim consolidated accounting period was ¥4,443 million (up 1.9% year on year), operating profit was ¥86 million (up 37.5%), ordinary profit was ¥58 million (down 63.4%), and interim net income attributable to owners of the parent was ¥34 million (down 62.0%).」
Revenue and operating profit increased year on year, while ordinary profit and interim net income attributable to owners of the parent declined. The decline in ordinary profit was attributed in part to ¥39 million in foreign-exchange losses. - FY2024-Q3Revenue growth and continued return to profitabilityAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥6,813 million (up 11.9% year on year), operating profit was ¥92 million (compared with an operating loss of ¥342 million in the same period of the previous year), ordinary profit was ¥159 million (compared with an ordinary loss of ¥262 million), and quarterly net income attributable to owners of the parent was ¥105 million (compared with a quarterly net loss attributable to owners of the parent of ¥243 million).」
From lower revenue, an operating loss, an ordinary loss and a net loss in the same period of the previous year, revenue increased 11.9%, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all remained profitable. - FY2024-Q2Higher revenue and return to profitabilityAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥4,360 million (up 9.7% year on year), operating profit was ¥63 million (compared with an operating loss of ¥239 million in the same period of the previous year), ordinary profit was ¥158 million (compared with an ordinary loss of ¥56 million), and net income attributable to owners of the parent was ¥91 million (compared with a net loss of ¥45 million).」
From lower revenue, an operating loss, an ordinary loss and a net loss in the same period of the previous year, revenue increased 9.7%, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent all returned to profitability. - FY2024-Q1Higher revenue and return to profitabilityAnnual report
「As a result, revenue for the first quarter of the current consolidated fiscal year was ¥2,180 million (up 13.8% year on year), operating profit was ¥49 million (compared with an operating loss of ¥100 million in the same period of the previous year), ordinary profit was ¥114 million (up 699.6%), and quarterly net income attributable to owners of the parent was ¥79 million (up 821.5%).」
The company shifted from an operating loss in the same period of the previous year to operating profit. Revenue increased 13.8%, ordinary profit increased 699.6%, and quarterly net income attributable to owners of the parent increased 821.5%. Revenue and profit recovered in the automotive products business, while the industrial materials business recorded lower revenue but higher profit. - FY2023-Q3WorsenedAnnual report
「Revenue was ¥6,088 million (down 2.0% year on year). In terms of earnings, although the company worked to improve margins by passing higher costs resulting from elevated raw-material prices and logistics costs through to selling prices, the persistent depreciation of the yen raised imported procurement costs. As a result, the company posted an operating loss of ¥342 million (compared with operating profit of ¥152 million in the same period of the previous year). It recorded ¥176 million in foreign-exchange gains from revaluing foreign-currency-denominated receivables and payables and other items as of the end of the second quarter, but the yen appreciated by the end of the third quarter, resulting in a foreign-exchange loss of ¥87 million. Accordingly, cumulative foreign-exchange gains for the nine months ended the third quarter were ¥88 million, and the company posted an ordinary loss of ¥262 million (compared with ordinary profit of ¥189 million in the same period of the previous year) and a quarterly net loss attributable to owners of the parent of ¥243 million (compared with quarterly net income attributable to owners of the parent of ¥110 million).」
From revenue and profit growth in the same period of the previous year, revenue declined 2.0%, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all turned into losses. The filing cites elevated raw-material and logistics costs, higher imported procurement costs due to yen depreciation, and recognized foreign-exchange losses as factors contributing to the deterioration in earnings. - FY2023-Q2Lower revenue, operating loss, ordinary loss and net lossAnnual report
「As a result, revenue was ¥3,973 million (down 5.1% year on year), operating loss was ¥239 million (compared with operating profit of ¥160 million in the same period of the previous year), ordinary loss was ¥56 million (compared with ordinary profit of ¥185 million), and quarterly net loss attributable to owners of the parent was ¥45 million (compared with quarterly net income attributable to owners of the parent of ¥121 million).」
From revenue growth and profitability in the same period of the previous year, revenue declined 5.1% and the company shifted to an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. - FY2023-Q1Lower revenue, operating loss and significant profit declineAnnual report
「Automakers suspended or reduced factory production due to the prolonged shortage of components, particularly semiconductors. Domestic new-vehicle sales fell significantly as delivery times for new vehicles lengthened. On the earnings side, amid rising raw-material prices, higher logistics costs due to container shortages, surging ocean freight rates and foreign-exchange fluctuations caused by the sharp depreciation of the yen, we made every effort to pass costs through to selling prices, after facing difficulty securing profits. As a result, revenue was ¥1,916 million (down 13.0% year on year), operating loss was ¥100 million (compared with operating profit of ¥125 million in the same period of the previous year), ordinary profit was ¥14 million (down 89.4%), and quarterly net income attributable to owners of the parent was ¥8 million (down 90.4%).」
Revenue fell 13.0% year on year due to the shortage of components, particularly semiconductors, and production suspensions and reductions by automakers, resulting in a shift to an operating loss. Ordinary profit and quarterly net income attributable to owners of the parent also declined significantly. - FY2022-Q3Continued year-on-year increases in revenue and earningsAnnual report
「As a result, revenue was ¥6,211 million (up 13.8% year on year), operating profit was ¥152 million (up 10.5%), ordinary profit was ¥189 million (up 40.3%), and quarterly net income attributable to owners of the parent was ¥110 million (up 62.9%).」
For the cumulative third quarter, revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year, with revenue and profit growth continuing. Both the automotive products business and the industrial materials business recorded higher revenue and profit. - FY2022-Q2Significant increases in revenue and profit year on yearAnnual report
「As a result, revenue was ¥4,188 million (up 25.8% year on year), operating profit was ¥160 million (up 1,326.5%), ordinary profit was ¥185 million (up 710.7%), and quarterly net income attributable to owners of the parent was ¥121 million (compared with a ¥1 million loss in the same period of the previous year).」
Revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all improved significantly from the low levels caused by COVID-19 in the same period of the previous year. - FY2022-Q1Significant increases in revenue and profit year on yearAnnual report
「As a result, revenue was ¥2,203 million (up 31.8% year on year), operating profit was ¥125 million (up 472.3%), ordinary profit was ¥136 million (up 434.8%), and quarterly net income attributable to owners of the parent was ¥89 million (up 953.0%).」
Revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased significantly from the substantial revenue and profit declines caused by COVID-19 in the same period of the previous year. - FY2021Full-year revenue and operating profit declined, but ordinary profit increasedAnnual report
「As a result, revenue was ¥7,701 million (down 4.9% from the previous fiscal year), operating profit was ¥231 million (down 6.8%), ordinary profit was ¥259 million (up 11.7%), and net income attributable to owners of the parent was ¥161 million (up 18.3%).」
For the full year, revenue and operating profit declined, while ordinary profit and net income attributable to owners of the parent increased. - FY2021-Q3Revenue and profit declined, but recovery began in OctoberAnnual report
「As a result, revenue was ¥5,459 million (down 8.8% year on year), operating profit was ¥137 million (down 33.2%), ordinary profit was ¥134 million (down 33.7%), and quarterly net income attributable to owners of the parent was ¥67 million (down 44.4%).」
For the cumulative third quarter, revenue and profit declined. However, it states that from October onward, the impact of production adjustments by automakers and other factors eased, and results recovered to approximately the level before the declaration of a state of emergency. The automotive products business recorded lower revenue and profit, while the industrial materials business recorded higher revenue but lower profit. - FY2021-Q2Revenue and profit declined, with a net loss amid COVID-19Annual report
「As a result, revenue was ¥3,329 million (down 18.5% year on year), operating profit was ¥11 million (down 94.1%), ordinary profit was ¥22 million (down 86.9%), and net loss attributable to owners of the parent was ¥1 million (compared with net income attributable to owners of the parent of ¥118 million in the same period of the previous year).」
Amid the impact of COVID-19, revenue, operating profit and ordinary profit declined significantly year on year, while quarterly net income attributable to owners of the parent turned into a loss. - FY2021-Q1Sharp declines in revenue and earnings due to COVID-19Annual report
「As a result, revenue was ¥1.671 billion, down 29.1% year on year; operating income was ¥21 million, down 85.5%; ordinary income was ¥25 million, down 81.2%; and net income attributable to owners of the parent was ¥8 million, down 90.5%.」
Against a backdrop of deteriorating demand due to COVID-19, revenue decreased 29.1% year on year, operating income decreased 85.5%, ordinary income decreased 81.2%, and net income attributable to owners of the parent decreased 90.5%. - FY2020Flat full-year revenue and lower earningsAnnual report
「Revenue was ¥8.097 billion, up 0.1% year on year; operating income was ¥248 million, down 18.9%; ordinary income was ¥232 million, down 34.7%; and net income attributable to owners of the parent was ¥136 million, down 47.3%.」
Full-year revenue was essentially flat, while operating income, ordinary income and net income attributable to owners of the parent decreased. Automotive accessories recorded lower revenue and earnings, while industrial materials recorded higher revenue and earnings, driven by K&M. - FY2020-Q3Revenue Growth and Profit DeclineAnnual report
「Revenue was ¥5.989 billion, up 0.2% year on year; operating income was ¥206 million, down 14.1%; ordinary income was ¥203 million, down 28.4%; and net income attributable to owners of the parent was ¥121 million, down 40.6%.」
Revenue increased slightly year on year, while operating income, ordinary income and net income attributable to owners of the parent decreased. Automotive accessories recorded lower revenue and earnings, while industrial materials recorded higher revenue and earnings, supported in part by sales contributed by K&M. - FY2020-Q2Higher revenue and operating income; lower ordinary and net incomeAnnual report
「Revenue was ¥4.087 billion, up 2.9% year on year; operating income was ¥191 million, up 16.0%; ordinary income was ¥174 million, down 23.1%; and net income attributable to owners of the parent was ¥118 million, down 22.2%.」
Revenue and operating income increased year on year, while ordinary income and net income attributable to owners of the parent decreased. Automotive accessories recorded lower revenue and earnings, while industrial materials recorded higher revenue and earnings. - FY2020-Q1Higher revenue and operating income; lower ordinary and net incomeAnnual report
「Revenue was ¥2.358 billion, up 21.1% year on year; operating income was ¥150 million, up 33.6%; ordinary income was ¥135 million, down 12.9%; and net income attributable to owners of the parent was ¥89 million, down 17.9%.」
Revenue and operating income increased year on year, while ordinary income and quarterly net income attributable to owners of the parent declined. - FY2019Lower revenue and higher earnings for the full yearAnnual report
「Revenue was ¥8.093 billion, down 0.1% year on year. Operating income was ¥306 million, up 13.1%. In addition, foreign exchange gains of ¥27 million were recorded as non-operating income, resulting in ordinary income of ¥355 million, up 50.9%, and net income attributable to owners of the parent of ¥259 million, up 36.8%.」
Full-year revenue decreased 0.1% year on year, while operating income, ordinary income and net income attributable to owners of the parent all increased. - FY2019-Q3Continued revenue decline and profit growthAnnual report
「As a result, revenue was ¥5.974 billion, down 0.2% year on year; operating income was ¥240 million, up 6.0%; ordinary income was ¥283 million, up 13.9%; and net income attributable to owners of the parent was ¥205 million, up 9.2%.」
Consolidated revenue decreased 0.2% year on year, while operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year. Automotive accessories recorded higher revenue and earnings, while industrial materials recorded lower revenue and earnings. - FY2019-Q2Declining revenue and higher profitAnnual report
「Revenue was ¥3.974 billion, down 0.5% year on year; operating income was ¥165 million, up 28.8%; ordinary income was ¥227 million, up 56.3%; and net income attributable to owners of the parent was ¥152 million, up 33.8%.」
Consolidated revenue decreased 0.5% year on year, while operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year. Automotive accessories recorded higher revenue and earnings, while industrial materials recorded lower revenue and earnings. - FY2019-Q1Continued year-on-year increases in revenue and earningsAnnual report
「Revenue was ¥1.947 billion, up 3.5% year on year; operating income was ¥112 million, up 60.8%; ordinary income was ¥155 million, up 93.4%; and net income attributable to owners of the parent was ¥108 million, up 100.8%.」
Revenue, operating income, ordinary income and net income attributable to owners of the parent all increased year on year. - FY2018Full-year revenue and profit growthAnnual report
「Revenue was ¥8.101 billion, up 17.2% year on year. Operating income was ¥270 million, up 53.4%. However, due to the impact of foreign exchange movements, foreign exchange losses of ¥45 million, or ¥50 million on a non-consolidated basis, were recorded as non-operating expenses. Ordinary income was ¥235 million, up 24.3%, and net income attributable to owners of the parent was ¥189 million, up 26.2%.」
For the full year, revenue, operating income, ordinary income and net income attributable to owners of the parent all increased. Automotive accessories generated revenue of ¥6.254 billion and operating income of ¥182 million, while industrial materials generated revenue of ¥1.846 billion and operating income of ¥88 million. - FY2018-Q3Revenue and Profit Growth ContinuesAnnual report
「As a result, revenue was ¥5.987 billion, up 21.5% year on year; operating income was ¥226 million, up 48.2%; ordinary income was ¥249 million, up 34.4%; and net income attributable to owners of the parent was ¥187 million, up 28.3%.」
For the cumulative third quarter, consolidated revenue, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year. In automotive accessories, revenue increased 27.1% and operating income increased 40.2%; in industrial materials, revenue increased 6.1% and operating income increased 62.9%. - FY2018-Q2Higher revenue and operating income year on yearAnnual report
「Revenue was ¥3.993 billion, up 23.7% year on year; operating income was ¥128 million, up 63.6%; ordinary income was ¥145 million, up 609.5%; and net income attributable to owners of the parent was ¥113 million, compared with ¥4 million in the same period of the previous year.」
Consolidated revenue, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year. In automotive accessories, revenue increased 31.3% and operating income increased 121.8%; in industrial materials, revenue increased 3.9% and operating income increased 20.9%. - FY2018-Q1Significant year-on-year improvementAnnual report
「Revenue was ¥1.882 billion, up 25.2% year on year; operating income was ¥70 million, up 538.8%; ordinary income was ¥80 million, compared with an ordinary loss of ¥33 million in the same period of the previous year; and net income attributable to owners of the parent was ¥54 million, compared with a net loss attributable to owners of the parent of ¥32 million.」
The company swung from operating, ordinary and quarterly net losses in the same period of the previous year to profits, while revenue increased 25.2%. Revenue and operating income exceeded the same period of the previous year in both automotive accessories and industrial materials. - FY2017Business performance recovered for the full fiscal yearAnnual report
「As a result, for the current consolidated fiscal year, revenue from the core automotive floor-mat business was ¥6.912 billion, up 3.2% year on year, despite the Kumamoto earthquake in April last year and the fuel-economy data falsification issue involving kei cars. Orders began to recover from the middle of the fiscal year, and new-vehicle sales by automakers also contributed. In terms of earnings, the dollar-yen exchange rate fluctuated sharply during the year, moving from a rapid appreciation of the yen after the UK's June referendum decision to leave the EU to a sharp depreciation after the US presidential election in November. However, the average exchange rate during the year was stronger for the yen than in the previous year. Operating income was ¥176 million, up 157.3%; ordinary income was ¥189 million, up 366.4%; and net income attributable to owners of the parent was ¥150 million, up 476.2%.」
For the full year, revenue increased 3.2% year on year, operating income increased 157.3%, ordinary income increased 366.4%, and net income attributable to owners of the parent increased 476.2%, representing an earnings recovery from the sharp decline in earnings in the previous fiscal year. - FY2017-Q3Business recoveryAnnual report
「As a result, for the third quarter of the current consolidated cumulative period, revenue was ¥4,926 million, down 1.1% year on year. Sales of the core automotive floor-mat business were sluggish in the first quarter but performed well from the second quarter onward. Operating income was ¥153 million, up 93.5%, supported by higher sales from the second quarter onward and the effects of foreign exchange. In addition, the yen, which had strengthened sharply after the UK's decision to leave the EU, turned weaker following the US presidential election. The resulting foreign exchange gains from period-end translation of foreign-currency-denominated receivables and payables contributed to ordinary income of ¥185 million, up 115.0%, and net income attributable to owners of the parent of ¥146 million, up 71.8%.」
Cumulative revenue was down just 1.1% year on year, while operating income, ordinary income and net income attributable to owners of the parent were significantly higher than in the same period of the previous year, indicating a recovery in earnings. Operating income increased in both automotive accessories and industrial materials. - FY2017-Q2Continued deterioration in performance with partial recoveryAnnual report
「As a result, for the second quarter of the current consolidated cumulative period, revenue was ¥3,228 million, down 5.0% year on year, and operating income was ¥78 million, down 23.6%. At the ordinary income level and below, the rapid appreciation of the yen following the UK's decision to leave the EU in late June 2016, together with the yen remaining at those elevated levels thereafter, led to foreign exchange losses from period-end translation of foreign-currency-denominated receivables and payables being recorded as non-operating expenses. Ordinary income was therefore ¥20 million, down 80.4% year on year, and net income attributable to owners of the parent was ¥4 million, down 96.0%. From the second quarter, some orders began to recover, and the effect of new-vehicle sales also contributed, resulting in revenue of ¥2,330 million, down 7.2% year on year, and operating income of ¥33 million, down 58.7%. Revenue in industrial materials was ¥897 million, up 1.2%, and operating income was ¥45 million, up 103.0%, owing mainly to strong sales of materials for refrigerators and steady orders for sewer-repair materials.」
On a consolidated basis, revenue, operating income, ordinary income and net income were below the same period of the previous year, and the deterioration in performance continued. However, some orders in automotive accessories began to recover from the second quarter, while revenue in industrial materials increased 1.2% and operating income increased 103.0%. - FY2017-Q1WorsenedAnnual report
「Revenue was ¥1,503 million, down 12.6% year on year, and operating income was ¥10 million, down 85.8%. At the ordinary income level and below, the sharp appreciation of the yen as of the settlement date resulted in foreign exchange losses being recorded as non-operating expenses following period-end translation of foreign-currency-denominated receivables and payables. Consequently, the company posted an ordinary loss of ¥33 million, compared with ordinary income of ¥92 million in the same period of the previous year, and a net loss attributable to owners of the parent of ¥32 million, compared with net income attributable to owners of the parent of ¥89 million.」
Revenue and operating income decreased year on year, and the company swung to an ordinary loss and a net loss attributable to owners of the parent. - FY2016First statedAnnual report
「Revenue was ¥6,695 million, up 2.7% year on year, operating income was ¥68 million, down 58.7%, ordinary income was ¥40 million, down 81.8%, and net income attributable to owners of the parent was ¥26 million, down 86.7%.」
Revenue from automotive products was ¥4,954 million, up 5.0% year on year, while revenue from industrial materials was ¥1,741 million, down 3.2%. In industrial materials, operating income improved from an operating loss of ¥10 million in the previous fiscal year to ¥23 million following a cost review of unprofitable products.