Improvement in operating profit due to lower royalties at the China-based operations
First written in FY2016-Q3. 14 of 34 entries say "Mitigated", first in FY2019-Q3. Latest entry: 2026-10-14.
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- FY2026-H1MitigatedAnnual report
「In China, sales of power tool components were broadly in line with the previous fiscal year. Sales increased 4.1% year on year to ¥2.328 billion due to the impact of yen depreciation, while operating profit rose 18.1% to ¥124 million.」
The China operations saw higher revenue and higher profit, partly due to the weaker yen, while power tool components remained at the same level as in the previous fiscal year. - FY2025-H1MitigatedAnnual report
「In China, revenue from power tool components increased to ¥2,237 million, up 29.4% year on year, while operating profit was ¥105 million, up 401.3%.」
The China operations saw higher revenue due to an increase in power tool components, while operating profit also improved significantly, increasing 401.3% year on year. - FY2024-Q3MitigatedAnnual report
「In China, lower orders for power tool components resulted in revenue of ¥2,778 million, down 18.2% year on year, and operating profit of ¥61 million, down 75.4%.」
The China operations continued to see lower revenue and lower profit due to lower orders for power tool components, but the rates of decline in revenue and operating profit narrowed from 30.1% and 91.1%, respectively, in the previous quarter, moderating the deterioration from the previous quarter. - FY2024-Q2WorsenedAnnual report
「In China, lower orders for power tool components resulted in revenue of ¥1,729 million, down 30.1% year on year, and operating profit of ¥21 million, down 91.1%.」
The China operations saw revenue decline 30.1% and operating profit decline 91.1% due to lower orders for power tool components. - FY2024-Q1WorsenedAnnual report
「In China, lower orders for power tool components resulted in revenue of ¥943 million, down 41.7% year on year, and operating profit of ¥12 million, down 94.3%.」
The China operations saw revenue decline 41.7% due to lower orders for power tool components, while operating profit also declined 94.3% year on year. - FY2023WorsenedAnnual report
「In China, lower orders for power tool components resulted in revenue of ¥4,460 million, down 30.2% from the previous fiscal year, and operating profit of ¥300 million, down 50.9%.」
The China operations saw revenue decline 30.2% and operating profit decline 50.9% due to lower orders for power tool components. - FY2023-Q3WorsenedAnnual report
「In China, lower orders for power tool components resulted in revenue of ¥3,395 million, down 35.0% year on year, and operating profit of ¥249 million, down 53.9%.」
The China operations saw revenue decline 35.0% and operating profit decline 53.9% due to lower orders for power tool components, with the decline in revenue and profit continuing to deepen. - FY2023-Q2WorsenedAnnual report
「In China, lower orders for power tool components resulted in revenue of ¥2,475 million, down 28.8% year on year, and operating profit of ¥236 million, down 37.2%.」
The China operations saw lower revenue due to lower orders for power tool components, while operating profit also declined 37.2% year on year. - FY2023-Q1MitigatedAnnual report
「In China, although orders for power tool components declined, sales rose to ¥1.617 billion, up 0.1%, due to the impact of foreign exchange, and operating profit rose to ¥213 million, up 25.1%.」
Despite lower orders for power tool components, the China operations saw revenue increase 0.1% and operating profit increase 25.1%. The current disclosure does not cite lower royalties as a factor behind the increase in profit. - FY2022-Q3MitigatedAnnual report
「In China, sales rose to ¥5.219 billion, up 30.1% from the same quarter of the previous year, and operating profit rose to ¥541 million, up 12.6%, partly due to increased orders for power tool components and the impact of foreign exchange.」
The China operations saw revenue increase 30.1% and operating profit increase 12.6% on higher orders for power tool components and other factors, with the improvement from the previous fiscal year continuing. - FY2022-Q2MitigatedAnnual report
「In China, sales rose to ¥3.478 billion, up 39.1% year on year, and operating profit rose to ¥376 million, up 16.8%, partly due to increased orders for power tool components and the impact of foreign exchange.」
The China operations saw revenue increase 39.1% and operating profit increase 16.8% on higher orders for power tool components and other factors, with profit improvement continuing from the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「In China, sales rose to ¥1.616 billion, up 34.8% year on year, and operating profit rose to ¥170 million, up 8.0%, partly due to increased orders for power tool components and the impact of foreign exchange.」
The China operations saw revenue increase 34.8% and operating profit increase 8.0% on higher orders for power tool components. - FY2021MitigatedAnnual report
「In China, higher orders resulted in revenue of ¥5,661 million, up 63.4% from the previous fiscal year, and operating profit of ¥689 million, up 148.6%.」
The China operations saw revenue increase 63.4% and operating profit increase 148.6% on higher orders, improving from lower revenue and lower profit in the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「In China, higher orders resulted in revenue of ¥4,012 million, up 63.9% year on year, and operating profit of ¥481 million, up 254.7%.」
The China operations saw revenue increase 63.9% year on year and operating profit increase 254.7% on higher orders, with the improvement expanding from lower revenue and lower profit caused by lower orders in the previous fiscal year. - FY2021-Q2MitigatedAnnual report
「In China, higher orders for power tool components resulted in revenue of ¥2,500 million, up 30.7% year on year, and operating profit of ¥322 million, up 127.0%.」
The China operations saw revenue increase 30.7% year on year and operating profit increase 127.0% on higher orders for power tool components, improving from lower revenue and lower profit in the previous fiscal year. - FY2021-Q1MitigatedAnnual report
「In China, higher orders for power tool components resulted in revenue of ¥1,199 million, up 31.1% year on year, and operating profit of ¥158 million, up 129.9%.」
The China operations had lower revenue and lower profit in the previous fiscal year due to lower orders, but in the current quarter, higher orders for power tool components resulted in revenue increasing 31.1% and operating profit increasing 129.9%. - FY2020WorsenedAnnual report
「In China, orders declined, resulting in revenue of ¥3,464 million, down 5.8% year on year, and operating profit of ¥277 million, down 10.4%.」
The China operations saw lower revenue due to lower orders, while operating profit also declined 10.4%. - FY2020-Q3WorsenedAnnual report
「In China, revenue was ¥2,448 million, down 15.0% year on year, and operating profit was ¥135 million, down 44.9%, due to lower orders.」
The China operations saw revenue decline 15.0% and operating profit decline 44.9% due to lower orders, shifting from slightly higher revenue and lower profit amid higher orders in the previous quarter to lower revenue and lower profit. - FY2020-Q2WorsenedAnnual report
「In China, sales rose to ¥1.913 billion, up 0.9% year on year, due to increased orders, while operating profit fell to ¥142 million, down 5.3%.」
In China, revenue increased 0.9% year on year on higher orders, while operating profit declined 5.3%, indicating a shift from profit improvement driven by higher orders to a situation involving lower profit. - FY2020-Q1WorsenedAnnual report
「In China, sales declined to ¥914 million, down 10.4% year on year, and operating profit fell to ¥68 million, down 14.5%, due to lower orders for power tool components and resin molds.」
At the China operation, the explanation has changed from improved profit due to increased orders to sales down 10.4% and operating profit down 14.5% due to lower orders for power tool components and resin molds. - FY2019ReframedAnnual report
「In China, orders declined and sales fell to ¥3.678 billion, down 9.3% year on year, while operating profit rose to ¥309 million, up 24.4%, due to lower material costs.」
The factor behind the improvement in profit at the China operation has changed from increased orders and lower royalty payments to lower material costs. Orders and sales declined, but operating profit rose 24.4%. - FY2019-Q3MitigatedAnnual report
「In China, sales declined to ¥2.881 billion, down 8.9% year on year, due to lower orders, but operating profit rose to ¥246 million, up 17.8%.」
In China, sales declined 8.9% due to lower orders, while operating profit rose 17.8% year on year, indicating an improvement in profitability from the previous quarter's declines in both sales and profit. - FY2019-Q2WorsenedAnnual report
「In China, sales declined to ¥1.897 billion, down 16.3% year on year, due to the impact of foreign exchange and lower orders, while operating profit fell to ¥150 million, down 1.1%.」
At the China operation, sales fell 16.3% and operating profit fell 1.1% due to lower orders and other factors, and the explanation continues to be one of lower sales and profit rather than the previous improvement in profit due to increased orders. - FY2019-Q1WorsenedAnnual report
「In China, sales declined to ¥1.021 billion, down 14.3% year on year, and operating profit fell to ¥80 million, down 8.2%, due to lower orders for power tool components and resin molds.」
At the China operation, the explanation has changed from improved sales and operating profit due to increased orders to sales down 14.3% and operating profit down 8.2% due to lower orders. - FY2018-Q3RestatedAnnual report
「In China, sales rose to ¥3.114 billion, up 22.6% year on year, and operating profit rose to ¥209 million, up 83.4%, due to increased orders.」
The filing continues to report improved results at the China operation, with sales up 22.6% and operating profit up 83.4% due to increased orders. - FY2018-Q2Expansion of profit improvement in ChinaAnnual report
「In China, sales increased to ¥2.266 billion, up 36.1% year on year, due to the impact of foreign exchange and increased orders, while operating profit rose to ¥151 million, up 195.4%.」
At the China operation, the filing continues to explain the improvement in results as being due to increased orders and other factors rather than lower royalty payments, with operating profit up 195.4% year on year. - FY2018-Q1RestatedAnnual report
「In China, sales rose to ¥1.192 billion, up 81.1% year on year, due to increased orders for power tool components and resin molds, while operating profit rose to ¥87 million, compared with ¥4 million in the same quarter of the previous year.」
The filing continues to attribute the improvement in results at the China operation to increased orders for power tool components and resin molds rather than lower royalty payments. - FY2017ReframedAnnual report
「In China, orders increased for both molded products and molds, with sales rising to ¥3.805 billion, up 16.0% year on year, and operating profit rising to ¥204 million, up 333.2%.」
The explanation for the improvement in operating profit in China has changed from lower royalty payments to the actual results of increased orders for molded products and molds and a substantial increase in operating profit. - FY2017-Q3RestatedAnnual report
「In China, net sales declined to ¥2,589 million, down 8.1% year on year, because of foreign-exchange movements and lower orders, while operating profit rose to ¥114 million, up 99.4%.」
The filing states that sales in China declined while operating profit rose 99.4% from the same quarter of the previous year. However, the current quarterly report does not mention lower royalty payments as a factor behind the increase in operating profit. - FY2016RestatedAnnual report
「In China, net sales declined to ¥3,279 million, down 29.4% year on year, partly because of the impact of yen appreciation on foreign-currency translation, while operating profit rose to ¥47 million, up 62.9%, because royalty payments declined.」
The filing continues to cite lower royalty payments as a factor behind the improvement in operating profit in China, despite lower sales. - FY2016-Q3First statedAnnual report
「In China, sales declined to ¥2.818 billion, down 17.0% year on year, partly due to the impact of foreign exchange, but operating profit rose to ¥57 million, up 499.3%, due to lower royalty payments.」
The filing states that, despite lower sales, operating profit in the China segment increased due to lower royalty payments.