Establishing a Robust Earnings Structure
First written in FY2016. 20 of 40 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026.
King Jim moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「A 1.1-percentage-point improvement in the gross profit margin and a 0.4-percentage-point improvement in the SG&A ratio resulted in operating profit of ¥1,128.91 million, up 109.9% year on year, and ordinary profit of ¥1,510.94 million, up 80.7%.」
Improved gross profit and SG&A margins resulted in sharp increases in operating and ordinary profit, demonstrating a measurable improvement in the earnings structure. - FY2026-H1AdvancedAnnual report
「In terms of earnings, a 1.4-percentage-point year-on-year improvement in the gross profit margin and lower SG&A expenses resulted in operating profit of ¥198.84 million, up 974.0% year on year, and ordinary profit of ¥382.80 million, up 111.5%.」
A 1.4-percentage-point year-on-year improvement in the gross profit margin and lower SG&A expenses led to sharp year-on-year increases in operating and ordinary profit. - FY2025AdvancedAnnual report
「A 1.3-percentage-point improvement in the gross profit margin and a 0.7-percentage-point improvement in the SG&A ratio resulted in operating profit of ¥537.71 million, compared with an operating loss of ¥241.88 million in the previous consolidated fiscal year, and ordinary profit of ¥836.24 million, up 541.9% year on year.」
Improved gross profit and SG&A margins resulted in a shift from an operating loss to operating profit, demonstrating a measurable improvement in the earnings structure. - FY2025-H1AdvancedAnnual report
「Higher sales, a 1.8-percentage-point year-on-year improvement in the gross profit margin and a 2.7-percentage-point improvement in the SG&A ratio resulted in operating profit of ¥18.51 million, compared with an operating loss of ¥780.99 million in the same period of the previous year, and ordinary profit of ¥180.98 million, compared with an ordinary loss of ¥505.19 million.」
Improved gross profit and SG&A margins resulted in a shift from operating and ordinary losses to operating and ordinary profit. - FY2024-Q3WorsenedAnnual report
「In terms of earnings, although price revisions improved the cost ratio, the improvement was limited by the yen's depreciation exceeding expectations. The processing of inventory of COVID-19-related products and higher SG&A expenses also resulted in an operating loss of ¥245.90 million, compared with operating profit of ¥81.41 million in the same period of the previous year; ordinary profit of ¥24.43 million, down 90.0% year on year; and a net loss attributable to owners of the parent of ¥73.89 million, compared with net profit of ¥65.05 million.」
Although price revisions improved the cost ratio, the Company swung to an operating loss and a net loss attributable to owners of the parent due to yen depreciation exceeding expectations, the processing of inventory of COVID-19-related products and higher SG&A expenses. - FY2024-Q2WorsenedAnnual report
「In terms of earnings, although price revisions improved the cost ratio, the improvement was limited by the yen's depreciation exceeding expectations. The processing of inventory of COVID-19-related products and higher SG&A expenses also contributed to an operating loss of ¥780.99 million, compared with a loss of ¥274.35 million in the same period of the previous year; an ordinary loss of ¥505.19 million, compared with a loss of ¥109.66 million; and a net loss attributable to owners of the parent of ¥425.99 million, compared with a loss of ¥197.36 million.」
Although price revisions improved the cost ratio, the operating, ordinary and net losses widened from the same period of the previous year due to yen depreciation, inventory processing and higher SG&A expenses. - FY2024-Q1WorsenedAnnual report
「In terms of earnings, although price revisions improved the cost ratio, the improvement was limited by the yen's depreciation exceeding expectations, and higher SG&A expenses also weighed on results. The Company recorded an operating loss of ¥388.50 million, compared with an operating loss of ¥87.10 million in the same period of the previous year; an ordinary loss of ¥215.70 million, compared with ordinary profit of ¥34.94 million; and a net loss attributable to owners of the parent of ¥229.12 million, compared with a net loss attributable to owners of the parent of ¥52.88 million.」
Although price revisions improved the cost ratio, the operating loss, ordinary loss and net loss worsened from the same period of the previous year due to the yen's depreciation and higher SG&A expenses. - FY2023WorsenedAnnual report
「For the current consolidated fiscal year, the cost of sales ratio rose to 64.0% from 63.2% in the previous consolidated fiscal year, due to the sharp depreciation of the yen and soaring raw material prices. SG&A expenses represented 35.1% of sales, up 1.1 percentage points from 34.0% in the previous consolidated fiscal year, due to higher logistics and other costs.」
Although sales increased, higher cost of sales and SG&A ratios resulted in operating profit of ¥368.30 million, down 63.4% year on year. - FY2023-Q3WorsenedAnnual report
「In terms of earnings, the Company sought to secure profitability through product price revisions, but the sharp depreciation of the yen and soaring logistics and other costs, together with raw material prices remaining high, resulted in operating profit of ¥81.41 million, down 89.6% year on year, and ordinary profit of ¥245.40 million, down 74.8%.」
Although product prices were revised, operating profit and ordinary profit fell sharply year on year due to yen depreciation and persistently high logistics and raw material costs, and the earnings structure continued to deteriorate. - FY2023-Q2WorsenedAnnual report
「In terms of earnings, the sharp depreciation of the yen and soaring logistics and other costs, together with raw material prices remaining high, resulted in an operating loss of ¥274.35 million, compared with operating profit of ¥483.79 million in the same period of the previous year; an ordinary loss of ¥109.66 million, compared with ordinary profit of ¥626.66 million; and a net loss attributable to owners of the parent of ¥197.36 million, compared with net profit attributable to owners of the parent of ¥368.95 million.」
Against a backdrop of yen depreciation and persistently high logistics and raw material costs, operating profit, ordinary profit and net profit attributable to owners of the parent all turned into losses. - FY2023-Q1WorsenedAnnual report
「In terms of earnings, the sharp depreciation of the yen and soaring logistics and other costs, together with raw material prices remaining high, resulted in an operating loss of ¥87.10 million, compared with operating profit of ¥283.66 million in the same period of the previous year. Ordinary profit was ¥34.94 million, down 90.1% year on year, despite higher non-operating income, including foreign exchange gains. Net loss attributable to owners of the parent was ¥52.88 million, compared with net profit attributable to owners of the parent of ¥199.18 million in the same period of the previous year, due to the recognition of tax expenses.」
Against a backdrop of yen depreciation and persistently high logistics and raw material costs, the Company swung to an operating loss and a net loss attributable to owners of the parent, and its earnings structure continued to deteriorate. - FY2022WorsenedAnnual report
「For the current consolidated fiscal year, the cost of sales ratio rose to 63.2% from 60.2% in the previous consolidated fiscal year, due to the sharp depreciation of the yen and soaring raw material prices. SG&A expenses represented 34.0% of sales, up 0.9 percentage points from 33.1% in the previous consolidated fiscal year, due to higher logistics and other costs.」
The sharp depreciation of the yen and soaring raw material and logistics costs drove up the cost of sales and SG&A ratios, resulting in a 58.3% year-on-year decline in operating profit. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, sales were ¥26,345.69 million, down 2.1% year on year. Sales from Life on Products Co., Ltd. contributed from the current consolidated third quarter, but the impact of stockouts of files and other products caused by lockdowns at production plants in Southeast Asia, as well as stockouts of Tepra products due to the semiconductor shortage, weighed on sales. In terms of earnings, mainly due to the higher cost of sales ratio resulting from soaring raw material prices, operating profit was ¥781.46 million, down 64.1% year on year, ordinary profit was ¥974.77 million, down 59.4%, and net profit attributable to owners of the parent was ¥598.24 million, down 64.1%.」
Although Life on Products contributed, sales declined because of stockouts and soaring raw material prices, resulting in sharp year-on-year declines in operating profit, ordinary profit and net profit attributable to owners of the parent. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, sales were ¥16,302.06 million, down 1.7% year on year. In terms of earnings, mainly due to the higher cost of sales ratio, operating profit was ¥483.79 million, down 44.1% year on year, ordinary profit was ¥626.66 million, down 39.4%, and net profit attributable to owners of the parent was ¥368.95 million, down 46.6%.」
Operating profit, ordinary profit and net profit attributable to owners of the parent declined year on year, primarily because of the higher cost of sales ratio. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, sales were ¥7,879.96 million, down 2.5% year on year. In terms of earnings, the decline in sales and increase in the SG&A ratio resulted in operating profit of ¥283.66 million, down 29.2% year on year, ordinary profit of ¥351.83 million, down 26.4%, and net profit attributable to owners of the parent of ¥199.18 million, down 33.7%.」
The decline in sales and increase in the SG&A ratio led to year-on-year declines in operating profit, ordinary profit and net profit attributable to owners of the parent. - FY2021AdvancedAnnual report
「For the current consolidated fiscal year, the cost of sales ratio was 60.2%, down 1.2 percentage points from 61.4% in the previous consolidated fiscal year.」
The cost of sales ratio fell 1.2 percentage points and the SG&A ratio fell 1.8 percentage points, resulting in operating profit of ¥2,416.80 million, up 96.1% year on year. - FY2021-Q3AdvancedAnnual report
「In terms of earnings, in addition to higher sales, the Company benefited from lower variable costs resulting from various cost-reduction projects and lower travel and other fixed costs as a result of promoting telework. Operating profit was ¥2,175.53 million, up 147.8% year on year, ordinary profit was ¥2,401.80 million, up 123.3%, and net profit attributable to owners of the parent was ¥1,666.65 million, up 118.8%.」
In addition to higher sales, savings in variable and fixed costs resulted in sharp year-on-year increases in operating profit, ordinary profit and net profit attributable to owners of the parent. - FY2021-Q2AdvancedAnnual report
「In terms of earnings, in addition to higher sales, the Company benefited from a stronger yen, lower variable costs resulting from various cost-reduction projects, and lower travel and other fixed costs as a result of promoting telework. Operating profit was ¥864.81 million, up 700.3% year on year, ordinary profit was ¥1,033.43 million, up 303.7%, and net profit attributable to owners of the parent was ¥691.20 million, up 331.1%.」
In addition to higher sales, savings in variable and fixed costs contributed to sharp year-on-year increases in operating profit, ordinary profit and net profit attributable to owners of the parent. - FY2021-Q1AdvancedAnnual report
「In terms of earnings, the increase in sales and declines in both the cost of sales ratio and SG&A ratio resulted in operating profit of ¥400.48 million, up 884.4% year on year, ordinary profit of ¥477.86 million, up 318.1%, and net profit attributable to owners of the parent of ¥300.45 million, up 971.9%.」
Against a backdrop of higher sales and lower cost of sales and SG&A ratios, operating profit, ordinary profit and net profit attributable to owners of the parent increased sharply year on year. - FY2020WorsenedAnnual report
「For the current consolidated fiscal year, the cost of sales ratio was 61.4%, down 0.2 percentage points from 61.6% in the previous consolidated fiscal year. SG&A expenses represented 34.9% of sales, up 0.6 percentage points from 34.3% in the previous consolidated fiscal year, due to the decline in sales.」
Although the cost of sales ratio improved slightly, the SG&A ratio rose, and operating profit was ¥1,232.59 million, down 11.6% year on year. - FY2020-Q3WorsenedAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, sales at the parent company remained firm, but sales at domestic subsidiaries remained weak. Consolidated sales were ¥24,743.38 million, down 1.6% year on year. In terms of earnings, the decline in sales caused the SG&A ratio to rise from the same period of the previous year. Operating profit was ¥878.06 million, down 12.0% year on year, and ordinary profit was ¥1,075.60 million, down 10.6%. Gain on sale of non-current assets was recorded as extraordinary income following the sale of land and buildings at the Company's former Sendai sales office. Net profit attributable to owners of the parent was ¥761.67 million, down 6.2% year on year.」
Against a backdrop of weak sales at domestic subsidiaries and a higher SG&A ratio, sales, operating profit, ordinary profit and net profit attributable to owners of the parent declined year on year. - FY2020-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, although the parent Company's net sales remained firm, net sales at domestic subsidiaries were sluggish, resulting in net sales of ¥15,291.27 million, down 2.6% year on year. On the earnings front, the decline in net sales caused the selling, general and administrative expense ratio to rise from the same period of the previous year. As a result, operating income was ¥108.05 million, down 60.8% year on year, and ordinary income was ¥255.99 million, down 40.2%.」
Against a backdrop of weak sales at domestic subsidiaries and a higher SG&A ratio, operating profit and ordinary profit fell sharply year on year. - FY2020-Q1WorsenedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, although the parent Company's net sales remained firm, net sales at domestic subsidiaries were sluggish, resulting in net sales of ¥7,252.82 million, down 0.4% year on year. On the earnings front, higher the cost-of-sales ratio and selling, general and administrative expenses resulted in operating income of ¥40.68 million, down 55.2% year on year, ordinary income of ¥114.29 million, down 35.1%, and quarterly net income attributable to owners of the parent of ¥28.03 million, down 69.3%.」
Against a backdrop of a higher cost-of-sales ratio and increased selling, general and administrative expenses, operating income, ordinary income and quarterly net income attributable to owners of the parent declined year on year, and deterioration in the earnings structure continued. - FY2019WorsenedAnnual report
「As a result, for the current consolidated fiscal year, net sales were ¥34,329.54 million, down 1.3% from the previous consolidated fiscal year. On the earnings front, although amortization of goodwill declined, selling, general and administrative expenses increased due to higher freight costs, rent and other expenses. As a result, operating income was ¥1,395.04 million, down 27.1% from the previous consolidated fiscal year, ordinary income was ¥1,636.94 million, down 21.6%, and net income attributable to owners of the parent was ¥963.04 million, down 31.4%.」
For the full fiscal year, operating income, ordinary income and net income attributable to owners of the parent declined, confirming a deterioration in the earnings structure against a backdrop of higher selling, general and administrative expenses due to freight costs, rent and other expenses and a higher cost-of-sales ratio. - FY2019-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales were ¥25,153.19 million, down 1.2% year on year. On the earnings front, although amortization of goodwill declined, selling, general and administrative expenses increased due to higher freight costs, rent and other expenses. As a result, operating income was ¥997.82 million, down 34.1% year on year, ordinary income was ¥1,202.75 million, down 27.2%, and quarterly net income attributable to owners of the parent was ¥811.84 million, down 29.9%.」
Against a backdrop of higher selling, general and administrative expenses due to increased freight costs, rent and other expenses, operating income, ordinary income and quarterly net income attributable to owners of the parent declined year on year, indicating that deterioration in the earnings structure continued and expanded. - FY2019-Q2WorsenedAnnual report
「On the earnings front, although amortization of goodwill declined, selling, general and administrative expenses increased due to higher freight costs, rent and other expenses. As a result, operating income was ¥275.39 million, down 48.8% year on year, ordinary income was ¥428.22 million, down 33.8%, and quarterly net income attributable to owners of the parent was ¥232.89 million, down 44.1%.」
Against a backdrop of higher selling, general and administrative expenses due to freight costs, rent and other expenses, operating income, ordinary income and quarterly net income attributable to owners of the parent declined year on year, indicating a deterioration in the earnings structure. - FY2019-Q1WorsenedAnnual report
「On the earnings front, although amortization of goodwill declined, selling, general and administrative expenses increased due to higher freight costs, rent and other expenses. As a result, operating income was ¥90.85 million, down 31.2% year on year, and ordinary income was ¥176.09 million, down 5.9%.」
Against a backdrop of higher selling, general and administrative expenses due to freight costs, rent and other expenses, operating income and ordinary income declined year on year, indicating a deterioration after the earnings improvement trend. - FY2018AdvancedAnnual report
「For the current consolidated fiscal year, the cost-of-sales ratio was 60.9%, a decline of 1.6 percentage points from 62.5% in the previous consolidated fiscal year.」
The cost-of-sales ratio declined 1.6 percentage points, while operating income rose 13.1% year on year to ¥1,912.61 million. The figures show progress in improving the earnings structure. - FY2018-Q3AdvancedAnnual report
「On the earnings front, lower the cost-of-sales ratio and other factors resulted in operating income of ¥1,514.74 million, up 25.2% year on year, ordinary income of ¥1,652.19 million, up 24.1%, and quarterly net income attributable to owners of the parent of ¥1,158.77 million, up 36.6%.」
Against a backdrop of lower the cost-of-sales ratio and other factors, operating income, ordinary income and quarterly net income attributable to owners of the parent for the cumulative third quarter increased year on year, with the figures demonstrating an improved earnings structure. - FY2018-Q2AdvancedAnnual report
「On the earnings front, lower the cost-of-sales ratio and other factors resulted in operating income of ¥538.22 million, up 170.3% year on year, and ordinary income of ¥647.20 million, up 129.1%.」
Against a backdrop of lower the cost-of-sales ratio and other factors, operating income and ordinary income increased substantially year on year, recovering from the deterioration in profitability shown in the immediately preceding quarter. - FY2018-Q1WorsenedAnnual report
「On the earnings front, selling, general and administrative expenses increased, resulting in operating income of ¥131.98 million, down 29.9% year on year. However, ordinary income was ¥187.15 million, down 6.1%, due to an increase in rental income, recorded as non-operating income.」
Primarily due to higher selling, general and administrative expenses, operating income fell 29.9% year on year and ordinary income fell 6.1%, with the figures indicating a temporary deterioration after the earnings improvement shown through the immediately preceding full fiscal year. - FY2017AdvancedAnnual report
「Lower the cost-of-sales ratio and lower selling, general and administrative expenses, mainly due to a decline in amortization of goodwill and development costs, resulted in operating income of ¥1,641.27 million, up 32.5% from the previous consolidated fiscal year, ordinary income of ¥1,828.06 million, up 39.2%, and net income attributable to owners of the parent of ¥1,204.00 million, up 48.8%.」
Operating income, ordinary income and net income attributable to owners of the parent increased year on year against a backdrop of lower the cost-of-sales ratio and selling, general and administrative expenses, with full-year figures demonstrating an improved earnings structure. - FY2017-Q3AdvancedAnnual report
「On the earnings front, lower the cost-of-sales ratio and lower selling, general and administrative expenses, mainly due to declines in development costs and amortization of goodwill, resulted in operating income of ¥1,163.76 million, up 47.2% year on year, ordinary income of ¥1,330.97 million, up 56.3%, and net income attributable to owners of the parent of ¥848.02 million, up 43.5%.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent increased year on year against a backdrop of lower the cost-of-sales ratio and selling, general and administrative expenses, with the figures demonstrating an improved earnings structure. - FY2017-Q2AdvancedAnnual report
「On the earnings front, the selling, general and administrative expense ratio declined, mainly because of lower advertising expenses, freight costs and amortization of goodwill. Operating income was ¥169.99 million, up 198.0% year on year, and ordinary income was ¥282.51 million, up 122.3%.」
Lower selling, general and administrative expenses as a percentage of sales led to substantial year-on-year increases in operating income and ordinary income. The figures show progress in improving the earnings structure. - FY2017-Q1AdvancedAnnual report
「On the earnings front, lower the cost-of-sales ratio and lower selling, general and administrative expenses resulted in operating income of ¥174.68 million, compared with an operating loss of ¥27.14 million in the same period of the previous year, ordinary income of ¥199.27 million, compared with an ordinary loss of ¥5.44 million, and net income attributable to owners of the parent of ¥10.96 million, compared with a net loss attributable to owners of the parent of ¥81.14 million in the same period of the previous year.」
Lower cost of sales and selling, general and administrative expenses resulted in a shift from an operating loss in the same period of the previous year to operating income. The figures show progress in improving the earnings structure. - FY2016First statedAnnual report
「In order to build a strong management foundation capable of supporting long-term growth, the Company aims for "Bold market expansion" and "Establishing a robust earnings structure"」
The Company has identified strengthening earning power through capital investment, expanded production capacity, new technologies and cost reductions as a priority.