First-quarter ordinary profit and net income turn profitable
First written in FY2017-Q1. 1 of 34 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 5 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Full-year decline in operating and ordinary profit, increase in net profitAnnual report
「Consolidated net sales were ¥67,450 million (net sales of ¥62,414 million in the same period of the previous year). The recording of provisions for doubtful accounts and other items in selling, general and administrative expenses resulted in operating income of ¥166 million (operating income of ¥302 million in the same period of the previous year) and ordinary income of ¥190 million (ordinary income of ¥330 million in the same period of the previous year). In addition, the recording of a gain on the sale of investment securities as extraordinary income and a provision for losses on the liquidation of an affiliated company as an extraordinary loss resulted in net income attributable to owners of the parent of ¥386 million (net income attributable to owners of the parent of ¥287 million in the same period of the previous year).」
Net sales increased, but operating income and ordinary income decreased due to the provision for doubtful accounts and other factors. Meanwhile, net income increased from ¥287 million to ¥386 million due to gains on sales of investment securities and other factors. - FY2026-H1Operating, ordinary and net income increased in the interim periodAnnual report
「In the seafood wholesale business, profitability improved partly as a result of logistics improvements. In the refrigerated warehousing business, increased revenue and greater operating efficiency resulted in operating profit of ¥275 million (operating profit of ¥66 million in the same period of the previous year), ordinary profit of ¥310 million (ordinary profit of ¥95 million), and interim net income attributable to owners of the parent of ¥216 million (¥74 million).」
Operating income, ordinary income and interim net income exceeded the levels of the same period of the previous year, supported by logistics improvements and greater operating efficiency in the refrigerated warehousing business. - FY2025Operating, ordinary and net income remained positive and increased for the full yearAnnual report
「Operating income was ¥302 million (operating income of ¥35 million in the same period of the previous year), and ordinary income was ¥330 million (ordinary income of ¥76 million in the same period of the previous year). In addition, the recording of compensation received and other items as extraordinary income and an impairment loss as an extraordinary loss resulted in net income attributable to owners of the parent of ¥287 million (net income attributable to owners of the parent of ¥204 million in the same period of the previous year).」
Operating income, ordinary income and net income all remained positive and increased from the same period of the previous year. - FY2025-H1Operating, ordinary and net income turned positive in the interim periodAnnual report
「The seafood wholesale business struggled as it was unable to pass on some costs, including logistics expenses, to sales. Meanwhile, strong performance in the refrigerated warehousing business resulted in operating income of ¥66 million (operating loss of ¥19 million in the same period of the previous year), ordinary income of ¥95 million (ordinary income of ¥15 million in the same period of the previous year), and interim net income attributable to owners of the parent of ¥74 million (interim net income attributable to owners of the parent of ¥21 million in the same period of the previous year).」
Although the seafood wholesale business struggled, strong performance in the refrigerated warehousing business kept operating income, ordinary income and interim net income above the levels of the same period of the previous year and in positive territory. - FY2024Profitability maintained for the full year, but earnings declinedAnnual report
「Operating income was ¥35 million (operating income of ¥183 million in the same period of the previous year), and ordinary income was ¥76 million (ordinary income of ¥225 million in the same period of the previous year). In addition, the recording of a gain on the sale of investment securities as extraordinary income and an impairment loss on shares of an affiliated company and other items as extraordinary losses resulted in net income attributable to owners of the parent of ¥204 million (net income attributable to owners of the parent of ¥223 million in the same period of the previous year).」
Operating income, ordinary income and net income all remained positive, but declined from the same period of the previous year. - FY2024-Q3Operating, ordinary and net income declined for the first nine months but remained positiveAnnual report
「Net sales were ¥45,169 million (net sales of ¥44,328 million in the same period of the previous year). In terms of earnings, although the refrigerated warehousing business made a significant contribution, gross profit declined sharply due to one-off losses on sales of scallops, salmon roe and other products resulting from factors including China's blanket ban on imports of Japanese seafood following the discharge of treated water from Tokyo Electric Power Company's Fukushima Daiichi Nuclear Power Station into the ocean. As a result, operating income was ¥5 million (operating income of ¥221 million in the same period of the previous year), ordinary income was ¥48 million (ordinary income of ¥267 million in the same period of the previous year), and quarterly net income attributable to owners of the parent was ¥182 million (quarterly net income attributable to owners of the parent of ¥280 million in the same period of the previous year), reflecting a gain on the sale of investment securities recorded as extraordinary income and an impairment loss on fixed assets recorded as an extraordinary loss.」
While net sales increased year on year, operating income, ordinary income and quarterly net income attributable to owners of the parent all declined from the same period of the previous year. However, each remained positive. - FY2024-Q2Operating results turned negative for the first half, while ordinary and net income declinedAnnual report
「In terms of earnings, the Group promoted rigorous profit management amid higher purchase prices, increased procurement costs, and higher selling, general and administrative expenses. However, it posted an operating loss of ¥19 million (operating income of ¥34 million in the same period of the previous year), ordinary income of ¥15 million (ordinary income of ¥74 million in the same period of the previous year), and quarterly net income attributable to owners of the parent of ¥21 million (quarterly net income attributable to owners of the parent of ¥116 million in the same period of the previous year).」
Although the Group promoted profit management, cumulative first-half results turned from operating income of ¥34 million to an operating loss of ¥19 million, while ordinary income and quarterly net income also declined from the same period of the previous year. - FY2024-Q1Profitability continued and net income increased in the first quarterAnnual report
「Under these circumstances, the Group's net sales were ¥13,610 million (net sales of ¥13,877 million in the same period of the previous year), operating income was ¥36 million (operating income of ¥32 million in the same period of the previous year), ordinary income was ¥75 million (ordinary income of ¥76 million in the same period of the previous year), and quarterly net income attributable to owners of the parent was ¥85 million (quarterly net income attributable to owners of the parent of ¥62 million in the same period of the previous year).」
While net sales declined year on year, operating income increased from ¥32 million to ¥36 million. Ordinary income edged down from ¥76 million to ¥75 million, but quarterly net income attributable to owners of the parent increased from ¥62 million to ¥85 million, and profitability continued. - FY2023-Q3Profitability continued and earnings increased for the first nine monthsAnnual report
「Under these circumstances, the Group's sales to business customers gradually recovered, bringing net sales to ¥44,328 million (net sales of ¥42,479 million in the same period of the previous year). The ability to pass some of the increases in purchase prices and procurement costs through to selling prices also contributed to operating income of ¥221 million (operating income of ¥162 million in the same period of the previous year) and ordinary income of ¥267 million (ordinary income of ¥199 million in the same period of the previous year). The recording of a gain on the sale of investment securities as extraordinary income resulted in quarterly net income attributable to owners of the parent of ¥280 million (quarterly net income attributable to owners of the parent of ¥170 million in the same period of the previous year).」
Recovery in sales to business customers and the passing through of part of procurement cost increases lifted operating income, ordinary income and quarterly net income attributable to owners of the parent above the same period of the previous year, while profitability continued. - FY2023-Q2Profitability continued and earnings increased for the first halfAnnual report
「The ability to pass some of the increases in purchase prices and procurement costs through to selling prices also contributed to operating income of ¥34 million (operating loss of ¥23 million in the same period of the previous year) and ordinary income of ¥74 million (ordinary income of ¥10 million in the same period of the previous year). The recording of a gain on the sale of investment securities as extraordinary income resulted in quarterly net income attributable to owners of the parent of ¥116 million (quarterly net income attributable to owners of the parent of ¥4 million in the same period of the previous year).」
For the first half, operating results turned from a loss of ¥23 million to income of ¥34 million, while ordinary income and quarterly net income attributable to owners of the parent also increased from the same period of the previous year. - FY2023-Q1Profitability continued and earnings increased in the first quarterAnnual report
「The ability to pass some of the increases in purchase prices and procurement costs through to selling prices also contributed to operating income of ¥32 million (operating income of ¥27 million in the same period of the previous year), ordinary income of ¥76 million (ordinary income of ¥64 million in the same period of the previous year), and quarterly net income attributable to owners of the parent of ¥62 million (quarterly net income attributable to owners of the parent of ¥52 million in the same period of the previous year).」
As in the same period of the previous year, operating income, ordinary income and quarterly net income attributable to owners of the parent were positive in the first quarter, and all increased from the same period of the previous year. - FY2022RestatedAnnual report
「Operating income was ¥141 million (operating income of ¥132 million in the same period of the previous year), and ordinary income was ¥173 million (ordinary income of ¥189 million in the same period of the previous year). In addition, the recording of gains on the sale of investment securities and other items as extraordinary income resulted in net income attributable to owners of the parent of ¥264 million (net income attributable to owners of the parent of ¥518 million in the same period of the previous year).」
Operating income, ordinary income and net income remained positive for the full year, although ordinary income and net income declined from the previous year. - FY2022-Q3Operating income also turned positive for the first nine monthsAnnual report
「As a result, net sales were ¥53,125 million before applying the Accounting Standard for Revenue Recognition and ¥42,479 million after applying it (net sales of ¥50,977 million in the same period of the previous year). Operating income was ¥162 million (operating income of ¥144 million in the same period of the previous year), and ordinary income was ¥199 million (ordinary income of ¥202 million in the same period of the previous year). Quarterly net income attributable to owners of the parent was ¥170 million (quarterly net income attributable to owners of the parent of ¥532 million in the same period of the previous year).」
The cumulative first half still included an operating loss, but the cumulative first nine months produced operating income of ¥162 million, ordinary income of ¥199 million and quarterly net income attributable to owners of the parent of ¥170 million. Operating income increased from the same period of the previous year, ordinary income was broadly in line with the previous year, and net income declined from the same period of the previous year. - FY2022-Q2Ordinary and net income turned positive for the first half, while the operating loss continuedAnnual report
「The Group's net sales were ¥32,563 million before applying the Accounting Standard for Revenue Recognition and ¥26,168 million after applying it (net sales of ¥30,586 million in the same period of the previous year). After working to reduce selling costs and other expenses, the operating loss was ¥23 million (operating loss of ¥104 million in the same period of the previous year), ordinary income was ¥10 million (ordinary loss of ¥69 million in the same period of the previous year), and quarterly net income attributable to owners of the parent was ¥4 million (quarterly net loss attributable to owners of the parent of ¥60 million in the same period of the previous year).」
For the first half, the operating loss remained at ¥23 million but narrowed from the same period of the previous year, while results turned positive with ordinary income of ¥10 million and quarterly net income attributable to owners of the parent of ¥4 million. - FY2022-Q1Operating, ordinary and net income turned positive in the first quarterAnnual report
「Net sales were ¥13,109 million (net sales of ¥14,244 million in the same period of the previous year). Higher gross profit and lower selling costs resulted in operating income of ¥27 million (operating loss of ¥75 million in the same period of the previous year), ordinary income of ¥64 million (ordinary loss of ¥38 million in the same period of the previous year), and quarterly net income attributable to owners of the parent of ¥52 million (quarterly net loss attributable to owners of the parent of ¥44 million in the same period of the previous year).」
The first quarter turned from operating, ordinary and net losses in the same period of the previous year to operating income of ¥27 million, ordinary income of ¥64 million and quarterly net income attributable to owners of the parent of ¥52 million. - FY2021Operating, ordinary and net income turned profitable for the full yearAnnual report
「Operating income was ¥132 million (operating loss of ¥690 million in the same period of the previous year), and ordinary income was ¥189 million (ordinary loss of ¥674 million in the same period of the previous year). The Group recorded a gain on the sale of fixed assets of ¥964 million and a gain on the sale of investment securities of ¥26 million as extraordinary income, and an impairment loss of ¥407 million, a loss on cancellation of lease agreements of ¥73 million and business structure improvement expenses of ¥53 million as extraordinary losses. As a result, net income attributable to owners of the parent was ¥518 million (net loss attributable to owners of the parent of ¥690 million in the same period of the previous year).」
Following the return to profitability for the first nine months, the full year also produced operating income of ¥132 million, ordinary income of ¥189 million and net income of ¥518 million. - FY2021-Q3Operating income, ordinary income and net income turned profitable for the nine-month periodAnnual report
「Improved gross profit margins from more efficient sales supported by appropriate inventory levels and adaptation to changes in distribution channels, together with reductions in other expenses, resulted in operating income of ¥144 million (operating loss of ¥431 million in the same period of the previous year) and ordinary income of ¥202 million (ordinary loss of ¥411 million in the same period of the previous year). In addition, the Group recorded a gain on the sale of fixed assets of ¥964 million and a gain on the sale of investment securities of ¥26 million as extraordinary income, and an impairment loss of ¥392 million, a loss on cancellation of lease agreements of ¥71 million and business structure improvement expenses of ¥28 million as extraordinary losses during the consolidated third quarter. As a result, quarterly net income attributable to owners of the parent was ¥532 million (quarterly net loss attributable to owners of the parent of ¥421 million in the same period of the previous year).」
The cumulative first nine months turned from an operating loss, ordinary loss and quarterly net loss in the same period of the previous year to operating income of ¥144 million, ordinary income of ¥202 million and quarterly net income attributable to owners of the parent of ¥532 million. - FY2021-Q2Losses narrowed for the first half, but remained in the redAnnual report
「The Group's net sales declined to ¥30,586 million (net sales of ¥34,298 million in the same period of the previous year) as volumes handled decreased year on year. Although it worked to reduce selling costs and other expenses, the operating loss was ¥104 million (operating loss of ¥180 million in the same period of the previous year), the ordinary loss was ¥69 million (ordinary loss of ¥156 million in the same period of the previous year), and the quarterly net loss attributable to owners of the parent was ¥60 million (quarterly net loss attributable to owners of the parent of ¥160 million in the same period of the previous year).」
While net sales declined, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. However, the cumulative first-half results remained in the red. - FY2021-Q1Operating, ordinary and net losses narrowed year on year in the first quarterAnnual report
「The Group's net sales declined to ¥14,244 million (net sales of ¥17,060 million in the same period of the previous year) as volumes handled decreased year on year. Although it worked to reduce selling costs and other expenses, the operating loss was ¥75 million (operating loss of ¥143 million in the same period of the previous year), the ordinary loss was ¥38 million (ordinary loss of ¥113 million in the same period of the previous year), and the quarterly net loss attributable to owners of the parent was ¥44 million (quarterly net loss attributable to owners of the parent of ¥114 million in the same period of the previous year).」
While net sales declined, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. - FY2020Losses widened significantly for the full yearAnnual report
「Net sales for the consolidated fiscal year declined 6.7% from the previous consolidated fiscal year to ¥71,658 million. The operating loss was ¥690 million (operating loss of ¥120 million in the previous fiscal year), the ordinary loss was ¥674 million (ordinary loss of ¥40 million in the previous fiscal year), and the loss attributable to owners of the parent was ¥690 million (loss of ¥64 million in the previous fiscal year).」
The losses that had widened during the first nine months continued through the full year, with the operating, ordinary and net losses all widening significantly from the previous year. - FY2020-Q3Losses widened significantly for the first nine monthsAnnual report
「As a result, the operating loss was ¥431 million (operating loss of ¥142 million in the same period of the previous year), the ordinary loss was ¥411 million (ordinary loss of ¥57 million in the same period of the previous year), and the quarterly net loss attributable to owners of the parent was ¥421 million (quarterly net loss attributable to owners of the parent of ¥65 million in the same period of the previous year).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened significantly from the same period of the previous year. - FY2020-Q2Losses narrowed for the first half, but remained in the redAnnual report
「In terms of earnings, gross profit declined with lower sales in the seafood wholesale business, while costs also increased due to the latest equipment at Toyosu Market. However, earnings improved in the consolidated second quarter (July to September 2019), and the Toyosu East Market cold-storage facility, which began operating in October of the previous year, contributed to earnings. As a result, the operating loss improved to ¥180 million from ¥271 million in the same period of the previous year, while the ordinary loss was ¥156 million (ordinary loss of ¥187 million in the same period of the previous year) and the quarterly net loss attributable to owners of the parent was ¥160 million (quarterly net loss attributable to owners of the parent of ¥195 million in the same period of the previous year).」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year, but the cumulative first-half results remained in the red. - FY2020-Q1Ordinary and net income turned into losses in the first quarterAnnual report
「The Group's net sales declined to ¥17,060 million (net sales of ¥19,234 million in the same period of the previous year) as the volume of frozen seafood handled decreased year on year. Although it worked to reduce selling costs and other expenses, the operating loss was ¥143 million (operating loss of ¥50 million in the same period of the previous year). As non-operating income declined from the previous fiscal year, the ordinary loss was ¥113 million (ordinary income of ¥7 million in the same period of the previous year), and the quarterly net loss attributable to owners of the parent was ¥114 million (quarterly net income attributable to owners of the parent of ¥2 million in the same period of the previous year).」
In the first quarter, which had recorded ordinary income and quarterly net income in the same period of the previous year, the operating loss widened, and results turned into an ordinary loss of ¥113 million and a quarterly net loss attributable to owners of the parent of ¥114 million. - FY2019Ordinary loss and net loss recorded for the full yearAnnual report
「Net sales for the consolidated fiscal year declined 2.5% from the previous consolidated fiscal year to ¥76,808 million. The operating loss was ¥120 million (operating loss of ¥235 million in the previous fiscal year), the ordinary loss was ¥40 million (ordinary income of ¥38 million in the previous fiscal year), and the loss attributable to owners of the parent was ¥64 million (income of ¥385 million in the previous fiscal year).」
Although the operating loss narrowed from the previous year, ordinary income and net income attributable to owners of the parent turned into losses for the full year. - FY2019-Q3Narrower operating loss, while ordinary and net losses continuedAnnual report
「Under these circumstances, the Group's net sales remained broadly in line with the previous year at ¥59,652 million (net sales of ¥60,006 million in the same period of the previous year). In terms of earnings, although improved margins in the wholesale business and the newly constructed cold-storage facility contributed to profits, this was insufficient to recover the losses incurred during the cumulative second quarter of the consolidated fiscal period (April to September 2018). In addition, relocation expenses were recorded, resulting in an operating loss of ¥142 million (operating loss of ¥243 million in the same period of the previous year), an ordinary loss of ¥57 million (ordinary income of ¥5 million in the same period of the previous year), and a quarterly net loss attributable to owners of the parent of ¥65 million (quarterly net income attributable to owners of the parent of ¥347 million in the same period of the previous year).」
While the operating loss narrowed from ¥243 million to ¥142 million year on year, ordinary income and quarterly net income attributable to owners of the parent remained in loss territory. - FY2019-Q2Ordinary income and net income turned negativeAnnual report
「In terms of earnings, the Group was unable to procure products as planned due to the effects of powerful typhoons, torrential rain, earthquakes and record-breaking heat that caused disasters across Japan. Higher logistics costs, relocation-related expenses including the closure of the cold-storage facility inside Tsukiji Market and the transfer of entrusted goods to the Toyosu cold-storage facility, and additional allowances for doubtful accounts and other factors resulted in an operating loss of ¥271 million (operating loss of ¥210 million in the same period of the previous year). The Group posted an ordinary loss of ¥187 million (ordinary income of ¥8 million in the same period of the previous year) and a quarterly net loss attributable to owners of the parent of ¥195 million (quarterly net income attributable to owners of the parent of ¥349 million in the same period of the previous year), as it did not record extraordinary income as it had in the previous year.」
Net sales increased year on year, but the operating loss widened from ¥210 million to ¥271 million, while ordinary income and quarterly net income attributable to owners of the parent both turned into losses. - FY2019-Q1Operating loss narrowed, while ordinary income and net income declined significantlyAnnual report
「The Group's net sales increased to ¥19,234 million (net sales of ¥18,186 million in the same period of the previous year). Although it worked to reduce selling costs and other expenses, it posted an operating loss of ¥50 million (operating loss of ¥72 million in the same period of the previous year), ordinary income of ¥7 million (ordinary income of ¥119 million in the same period of the previous year) due to compensation from the Tokyo Metropolitan Government for the delay in relocating to Toyosu Market and related expenses being recorded in non-operating income and expenses, and quarterly net income attributable to owners of the parent of ¥2 million (quarterly net income attributable to owners of the parent of ¥449 million in the same period of the previous year).」
Net sales increased, and the operating loss narrowed from ¥72 million to ¥50 million. Meanwhile, ordinary income declined from ¥119 million to ¥7 million, and quarterly net income declined from ¥449 million to ¥2 million. - FY2018-Q3Wider operating loss, with net income secured by compensation and subsidiesAnnual report
「The Group's net sales increased following the consolidation of 築地市川水産㈱ as a subsidiary, but declined volumes handled of frozen tuna, including bigeye and yellowfin tuna, and frozen seafood such as Chilean silver salmon limited the increase to ¥60,006 million (net sales of ¥59,292 million in the same period of the previous year). In terms of earnings, in addition to the impact of the aforementioned decline in sales, sales losses on frozen shellfish such as scallops also weighed on results, resulting in an operating loss of ¥243 million (operating loss of ¥33 million in the same period of the previous year). Ordinary income was ¥5 million (ordinary income of ¥31 million in the same period of the previous year), as compensation from the Tokyo Metropolitan Government for the delay in relocating to Toyosu Market and related expenses were recorded in non-operating income and expenses. Furthermore, the recording as extraordinary income of subsidies from the Ministry of the Environment and the Tokyo Metropolitan Government for the Toyosu cold-storage facility and other facilities designed to reduce environmental impact and constructed at Toyosu Market resulted in quarterly net income attributable to owners of the parent of ¥347 million (quarterly net income attributable to owners of the parent of ¥662 million in the same period of the previous year).」
Net sales edged up, while the operating loss widened from ¥33 million to ¥243 million. Compensation for the delayed relocation and subsidies kept ordinary income and quarterly net income in positive territory, although net income declined from the same period of the previous year. - FY2018-Q2Operating loss widens, while compensation and subsidies return ordinary and net profit to profitabilityAnnual report
「The Group's net sales increased to ¥37,253 million (net sales of ¥35,676 million in the same period of the previous year). However, due to higher selling costs and other factors, it posted an operating loss of ¥210 million (operating loss of ¥162 million in the same period of the previous year). Ordinary income was ¥8 million (ordinary loss of ¥121 million in the same period of the previous year), as compensation from the Tokyo Metropolitan Government for the delay in relocating to Toyosu Market and related expenses were recorded in non-operating income and expenses. In addition, the recording as extraordinary income of subsidies from the Ministry of the Environment and the Tokyo Metropolitan Government for the Toyosu cold-storage facility and other facilities constructed at Toyosu Market resulted in quarterly net income attributable to owners of the parent of ¥349 million (quarterly net loss attributable to owners of the parent of ¥123 million in the same period of the previous year).」
Net sales increased, but the operating loss widened from ¥162 million to ¥210 million. Meanwhile, compensation for the delayed relocation and subsidy income resulted in ordinary income of ¥8 million and quarterly net income attributable to owners of the parent of ¥349 million. - FY2018-Q1Operating loss widens, while compensation and subsidies increase ordinary and net profitAnnual report
「The group’s revenue increased to ¥18,186 million (¥17,712 million in the prior-year period), but the operating loss widened to ¥72 million (¥3 million in the prior-year period) due to higher selling costs and other factors. Compensation from the Tokyo Metropolitan Government related to the postponement of the relocation to Toyosu Market, together with related expenses, was recorded in non-operating income and expenses, resulting in ordinary profit of ¥119 million (¥19 million in the prior-year period). In addition, subsidies from the Ministry of the Environment and the Tokyo Metropolitan Government for the Toyosu cold-storage facility and other facilities constructed at Toyosu Market were recorded as extraordinary income, resulting in quarterly net profit attributable to owners of the parent of ¥449 million (¥17 million in the prior-year period).」
Revenue increased, but the operating loss widened from ¥3 million to ¥72 million. Compensation for the relocation postponement and subsidy income resulted in ordinary profit of ¥119 million and quarterly net profit of ¥449 million. - FY2017Full-year operating loss, with net profit secured by extraordinary gainsAnnual report
「The operating loss was ¥51 million (operating profit of ¥242 million in the prior-year period), while reductions in interest expense and other factors resulted in ordinary profit of ¥18 million (¥292 million in the prior-year period). The recording of a ¥633 million gain on the sale of investment securities as an extraordinary gain resulted in full-year net profit attributable to owners of the parent of ¥649 million (¥974 million in the prior-year period).」
For the full year, the company shifted from operating profit to an operating loss, and ordinary profit also declined significantly, while net profit attributable to owners of the parent was secured by the gain on the sale of investment securities. - FY2017-Q3Net profit increased on gains from the sale of investment securities despite continued operating lossesAnnual report
「Revenue declined to ¥59,292 million (¥59,955 million in the prior-year period) due to lower transaction volume in the wholesale seafood business, lower margins and deteriorating earnings at the Tsukiji market cold-storage facility. The company reported an operating loss of ¥33 million (operating profit of ¥210 million in the prior-year period). Reductions in interest expense and other factors resulted in ordinary profit of ¥31 million (¥240 million in the prior-year period). The recording of a ¥633 million gain on the sale of investment securities as an extraordinary gain resulted in quarterly net profit attributable to owners of the parent of ¥662 million (¥204 million in the prior-year period).」
Although an operating loss continued after the cumulative second quarter, ordinary profit was positive, and quarterly net profit attributable to owners of the parent was ¥662 million, supported by a ¥633 million gain on the sale of investment securities. - FY2017-Q2Return to a loss for the cumulative second quarterAnnual report
「The group’s revenue declined to ¥35,676 million (¥37,275 million in the prior-year period) due to lower transaction volume. Selling, general and administrative expenses decreased as a result of efforts to reduce logistics costs and other expenses, but the operating loss widened to ¥162 million (¥82 million in the prior-year period). Despite reductions in interest expense and other costs, the ordinary loss was ¥121 million (¥54 million in the prior-year period), and the quarterly net loss attributable to owners of the parent was ¥123 million (¥56 million in the prior-year period).」
Following the return to profitability in ordinary and net profit in the first quarter, revenue declined in the cumulative second-quarter period, and the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the prior-year period. - FY2017-Q1First statedAnnual report
「Revenue declined to ¥17,712 million (¥18,251 million in the prior-year period) due to a decrease in transaction volume. Selling, general and administrative expenses decreased as the company worked to reduce the allowance for doubtful accounts and logistics costs, among other expenses. As a result, the operating loss was ¥3 million (an operating loss of ¥83 million in the prior-year period), while reductions in interest expense and other factors resulted in ordinary profit of ¥19 million (an ordinary loss of ¥73 million in the prior-year period) and quarterly net profit attributable to owners of the parent of ¥17 million (a quarterly net loss attributable to owners of the parent of ¥74 million in the prior-year period).」
Although revenue declined due to lower transaction volume, the operating loss narrowed, and ordinary profit and quarterly net profit attributable to owners of the parent returned to profitability from losses in the prior-year period.