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Miroku (7983) · FactOperating loss widened despite higher revenue

Three consecutive periods of declining revenue in the automotive-related business

First written in FY2016. 7 of 27 entries say "Restated". Latest entry: FY2024-Q1.

27entries
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ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q1OtherFY2019-Q1 – FY2020OtherFY2021-Q2 – FY2024-Q12017: 420172018: 320182019: 420192020: 320202021: 420212022: 420222023: 320232024: 2
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  1. FY2024-Q1Operating loss widened despite higher revenueAnnual report

    「Revenue in the Other business was ¥12.174 million, up 2.0% year on year, and segment loss (operating loss) was ¥4.028 million, compared with a loss of ¥0.451 million in the year-earlier period.」

    The Other business reported higher revenue year on year, while its operating loss widened from ¥0.451 million to ¥4.028 million.
  2. FY2023Lower revenue and narrower operating loss in the Other businessAnnual report

    「Revenue in the Other business was ¥47.615 million, down 1.3% from the previous period, and segment loss (operating loss) was ¥8.383 million, compared with a loss of ¥12.767 million in the previous period.」

    The Other business reported lower revenue, but its operating loss narrowed from ¥12.767 million in the previous period to ¥8.383 million.
  3. FY2023-Q3Lower revenue and narrower operating loss in the Other businessAnnual report

    「Revenue in the Other business was ¥34.952 million, down 7.3% year on year, and segment loss (operating loss) was ¥5.867 million, compared with a loss of ¥9.147 million in the year-earlier period.」

    The Other business reported lower revenue year on year, but its operating loss narrowed from ¥9.147 million in the year-earlier period to ¥5.867 million.
  4. FY2023-Q2Lower revenue and operating loss in the Other businessAnnual report

    「Revenue in the Other business was ¥23.429 million, down 13.1% year on year, and segment loss (operating loss) was ¥2.254 million, compared with segment profit of ¥0.172 million in the year-earlier period.」

    Following the change in segment classification, the Other business reported lower revenue year on year and shifted from operating profit to operating loss. The Other business includes the automotive-related, IT/IoT/AI and timber-related businesses, among others, and the figures do not represent the automotive-related business alone.
  5. FY2022Substantial decline in automotive-related sales volume and operating lossAnnual report

    「Within the Other business, sales volume in the automotive-related business fell substantially below the previous period. As a result, revenue in the Other business was ¥48.260 million and segment loss (operating loss) was ¥12.767 million.」

    Sales volume in the automotive-related business fell substantially below the previous period, and the Other business as a whole reported an operating loss of ¥12.767 million.
  6. FY2022-Q3RestatedAnnual report

    「Within the Other business, sales volume in the automotive-related business fell substantially below the year-earlier period. As a result, revenue in the Other business was ¥37.703 million and segment loss (operating loss) was ¥9.147 million.」

    Sales volume in the automotive-related business included in the “Other business” following the change in segment classification fell substantially below the year-earlier period. The Other business as a whole reported an operating loss of ¥9.147 million.
  7. FY2022-Q2Substantial decline in automotive-related sales volumeAnnual report

    「Within the Other business, sales volume in the automotive-related business fell substantially below the year-earlier period. As a result, revenue in the Other business was ¥26.962 million and segment profit (operating profit) was ¥0.172 million.」

    Sales volume in the automotive-related business fell substantially below the year-earlier period. Following the change in segment classification, it was disclosed under the “Other business,” which reported total revenue of ¥26.962 million and segment profit of ¥0.172 million.
  8. FY2022-Q1RestatedAnnual report

    「Within the Other business, sales volume in the automotive-related business fell below the year-earlier period. As a result, revenue in the Other business was ¥14.598 million and segment profit (operating profit) was ¥0.880 million.」

    For the automotive-related business, which had been reported as declining due to shortages of semiconductors and other components in the previous fiscal year, sales volume also fell below the year-earlier period in the current quarter.
  9. FY2021Lower revenue and profit due to shortages of semiconductor components and other partsAnnual report

    「Sales volume of high-value-added solid-wood steering wheels increased from the previous period, but other products declined due to shortages of semiconductors and other components from summer onward. As a result, revenue was ¥3,817.357 million, down 3.4% from the previous period, and segment profit (operating profit) was ¥2.167 million, down 8.2%.」

    Although sales volume of solid-wood steering wheels increased, other products declined due to shortages of semiconductors and other components, resulting in lower revenue and profit in the automotive-related business.
  10. FY2021-Q3RestatedAnnual report

    「As a result, revenue was ¥3,236.240 million, up 14.2% year on year, and segment profit (operating profit) was ¥2.386 million, up 28.4%.」

    As in the previous quarter, increased sales volumes of high-value-added solid-wood and 3D dry-transfer steering wheels resulted in continued higher revenue and profit in the automotive-related business.
  11. FY2021-Q2RestatedAnnual report

    「Sales volumes of high-value-added solid-wood and 3D dry-transfer steering wheels increased from the year-earlier period. As a result, revenue was ¥2,240.149 million, up 12.2% year on year, and segment profit (operating profit) was ¥2.947 million, up 105.2%.」

    As in the previous quarter, higher sales of solid-wood and 3D dry-transfer steering wheels resulted in continued higher revenue and profit in the automotive-related business.
  12. FY2021-Q1AdvancedAnnual report

    「Sales volumes of high-value-added solid-wood and 3D dry-transfer steering wheels increased from the year-earlier period. As a result, revenue was ¥1,164.300 million, up 20.3% year on year, and segment profit (operating profit) was ¥2.079 million, up 652.5%.」

    The automotive-related business shifted from lower revenue and profit through the previous period to revenue growth of 20.3% and segment profit growth of 652.5% due to increased sales of solid-wood and 3D dry-transfer steering wheels.
  13. FY2020Automotive-related business reports lower revenue and profit due to the impact of COVID-19Annual report

    「As a result, revenue was ¥3,953.710 million, down 5.1% from the previous period, and segment profit (operating profit) was ¥2.361 million, down 50.0%.」

    Although sales volumes of solid-wood and 3D dry-transfer steering wheels increased, the automotive-related business reported lower revenue and profit due to a substantial decline in partial-wood products.
  14. FY2020-Q3Automotive-related business reports lower revenue and profit due to the impact of COVID-19Annual report

    「In wooden steering wheels, sales of high-value-added all-wood steering wheels exceeded the same period of the previous year, but sales of partial-wood steering wheels for vehicles manufactured overseas fell sharply due to the spread of COVID-19. As a result, both sales and profit declined year on year. Sales were ¥2,833,893 thousand, down 10.7% year on year, and segment profit (operating profit) was ¥1,858 thousand, down 51.3%.」

    Although sales of solid-wood steering wheels increased, the automotive-related business continued to report lower revenue and profit, shifting from a trend of higher revenue due to lower sales of partial-wood products for vehicles produced overseas.
  15. FY2020-Q2Continued shift from a trend of higher revenue to lower revenue and profitAnnual report

    「販売数量において、主力の木製ステアリングハンドルの販売が前年同期を下回ったため、売上高及び利益とも前年同期比で減少しております。その結果、売上高は1,996,818千円(前年同期比8.0%減)、セグメント利益(営業利益)は1,436千円(前年同期比38.1%減)となりました。」

    The automotive-related business continued to report lower revenue and profit due to declining sales of its core wooden steering wheels, following the trend of higher revenue driven by new products and other factors through the previous period.
  16. FY2020-Q1Shift from a trend of higher revenue to lower revenue and profitAnnual report

    「3Dドライ転写ステアリングハンドルの販売数量は前年同期を上回りましたが、木製ステアリングハンドルや全周革ステアリングハンドルの販売数量が減少したため、売上高及び利益ともに前年同期を下回りました。その結果、売上高は967,502千円(前年同期比11.4%減)、セグメント利益(営業利益)は276千円(前年同期比67.0%減)となりました。」

    Although sales of 3D dry-transfer steering wheels increased, the automotive-related business shifted from the substantial revenue growth reported in the year-earlier period to lower revenue and profit due to lower sales of wooden and all-around leather steering wheels.
  17. FY2019-Q3Profit continued to decline despite a substantial increase in revenueAnnual report

    「付加価値の高い純木製ステアリングハンドルの販売は前年同期比で半減したものの、3Dドライ転写や部分ウッド、全周革等のステアリングハンドルの販売は好調に推移しました。しかしながら、利益面につきましては、純木製ステアリングハンドルの販売減が大きく影響しました。その結果、売上高は3,173,723千円(前年同期比38.4%増)、セグメント利益(営業利益)は3,819千円(前年同期比42.5%減)となりました。」

    Revenue increased substantially on sales of partial-wood, all-around leather and other products, while profit continued to decline as sales of solid-wood steering wheels halved.
  18. FY2019-Q2Profit decline widened despite a substantial increase in revenueAnnual report

    「昨年度から生産開始した部分ウッドステアリングハンドル及び全周革ステアリングハンドルは生産も安定し、好調な販売を継続しております。一方、付加価値の高い純木製ステアリングハンドルの販売が減少したことから、利益面につきましては前年同期比で減少しております。その結果、売上高は2,170,982千円(前年同期比46.4%増)、セグメント利益(営業利益)は2,319千円(前年同期比60.2%減)となりました。」

    Revenue increased 46.4% on sales of partial-wood and all-around leather steering wheels, while segment profit declined 60.2% due to lower sales of solid-wood steering wheels.
  19. FY2019-Q1Profit declined as solid-wood sales halved despite strong sales of new productsAnnual report

    「昨年度から生産開始した部分ウッドステアリングハンドル及び全周革ステアリングハンドルが順調に推移したことから、売上高は前年同期を上回りました。しかしながら利益面においては、付加価値の高い純木製ステアリングハンドルの販売が半減したことが大きく影響しました。その結果、売上高は1,091,441千円(前年同期比81.2%増)、セグメント利益(営業利益)は836千円(前年同期比77.2%減)となりました。」

    The automotive-related business reported a substantial increase in revenue, supported by sales of partial-wood and all-around leather steering wheels, but shifted to lower profit as sales of solid-wood steering wheels halved.
  20. FY2018Revenue growth achieved for the first time in 5 periodsAnnual report

    「In the fiscal year ended October 2018, wooden steering wheels, which added partial-wood models to the previous solid-wood models, reported higher revenue for the first time in 5 periods. Combined with higher revenue from 3D dry-transfer steering wheels and all-around leather steering wheels, total revenue shifted to a substantial increase.」

    In the automotive-related business, wooden steering wheels reported higher revenue for the first time in 5 periods, while partial-wood, 3D dry-transfer and all-around leather products contributed to the increase in revenue.
  21. FY2018-Q3Shift from higher revenue and profit to higher revenue but lower profitAnnual report

    「純木製ステアリングハンドルの販売数量は前年同期並みであったものの、3Dドライ転写ハンドル及び1月から生産開始された全周革ステアリングハンドルが順調に推移したことから、売上高は前年同期を上回りました。利益面につきましては、付加価値の高い製品の販売が減少したことから前年同期を下回りました。その結果、売上高は2,293,016千円(前年同期比45.3%増)、セグメント利益(営業利益)は6,645千円(前年同期比11.0%減)となりました。」

    Revenue in the automotive-related business increased 45.3% year on year, but segment profit declined 11.0% due to lower sales of high-value-added products, marking a shift from the higher revenue and profit reported through the previous quarter to higher revenue but lower profit.
  22. FY2018-Q2AdvancedAnnual report

    「Although unit sales of 3D dry-transfer steering wheels declined, both sales and profit exceeded the same period of the previous year due to higher unit sales of all-wood steering wheels and the smooth progress of all-around leather steering wheels, whose production began in January. As a result, sales were ¥1,482.665 million, up 31.0% year on year, and segment profit (operating profit) was ¥5.826 million, up 27.8%.」

    In the automotive-related business, the decline in 3D dry-transfer steering wheels was offset by increases in solid-wood steering wheels and the start of production of all-around leather steering wheels. Revenue increased 31.0% and segment profit increased 27.8%.
  23. FY2018-Q1RestatedAnnual report

    「Although sales volume of solid-wood steering wheels slightly exceeded the year-earlier period, sales volume of 3D dry-transfer steering wheels fell below the year-earlier period. Against this backdrop, sales of high-value-added products remained firm and production of new products began, resulting in higher revenue and profit than in the year-earlier period. Revenue was ¥602.503 million, up 5.3% year on year, and segment profit (operating profit) was ¥3.661 million, up 68.0%.」

    Sales volume of solid-wood steering wheels exceeded the year-earlier period, and the start of production of new products also contributed, resulting in continued higher revenue and profit in the automotive-related business.
  24. FY2017-Q3RestatedAnnual report

    「Although sales volumes of our core solid-wood steering wheels declined, sales volumes of 3D dry-transfer steering wheels and other products remained stable, and price revisions were implemented for some products from December last year. As a result, both revenue and profit exceeded the year-earlier period. Revenue was ¥1,577.890 million, up 17.7% year on year, and segment profit (operating profit) was ¥7.469 million, up 17.8%.」

    The decline in solid-wood steering wheels was offset by stable volumes of 3D dry-transfer steering wheels and other products and price revisions, and the automotive-related business continued to report higher revenue and profit.
  25. FY2017-Q2RestatedAnnual report

    「Although unit sales of the core all-wood steering wheel continued to decline, both sales and profit exceeded the same period of the previous year due to higher unit sales of 3D dry-transfer steering wheels and other products and price revisions implemented for some products from December last year. As a result, sales were ¥1,132.154 million, up 33.3% year on year, and segment profit (operating profit) was ¥4.560 million, up 4.7%.」

    As in the previous quarter, the decline in solid-wood steering wheels was offset by increases in 3D dry-transfer steering wheels and other products, resulting in year-on-year increases in revenue and profit in the automotive-related business.
  26. FY2017-Q1Return to revenue growthAnnual report

    「Although sales of all-wood steering wheels declined, sales exceeded the same period of the previous year because unit sales of 3D dry-transfer steering wheels and other products increased.」

    For the automotive-related business, which had reported declining revenue for 3 consecutive periods through the previous period, sales of solid-wood steering wheels decreased, but quarterly revenue exceeded the year-earlier period due to increases in 3D dry-transfer steering wheels and other products.
  27. FY2016First statedAnnual report

    「The automotive-related business was forced to report a decline in revenue for the third consecutive period, although the impact of transferring production of vehicle models using our products overseas, one of the contributing factors, has begun to subside.」

    The automotive-related business reported three consecutive periods of declining revenue, while the impact of transferring production overseas had begun to subside.
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Three consecutive periods of declining revenue in the automotive-related business | Miroku Corporation (7983) | Komori