Profit growth driven by efforts to improve profitability
First written in FY2017-Q3. 4 of 8 entries say "Reframed", first in FY2018. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Under the policy of “Building a business platform for new growth,” the theme of the Ninth Medium-Term Management Plan, the company has built a self-sustaining earnings model with its own processing capabilities in addition to its traditional trading revenue.」
The company states that it has built a self-sustaining earnings model with its own processing capabilities in addition to its traditional trading revenue. - FY2021RestatedAnnual report
「Under the policy of “Building a business platform for new growth,” the theme of the Ninth Medium-Term Management Plan, the company has worked to build a self-sustaining earnings model with its own processing capabilities, in addition to revenue from its traditional trading business. Going forward, the group will work together to make full use of these platforms and respond to customer needs.」
The company continues its policy of building a self-sustaining earnings model with its own processing capabilities in addition to trading revenue. - FY2020ReframedAnnual report
「In the consolidated fiscal year, although the company worked to accurately capture demand for steel products and market prices, it recorded lower revenue and profit due to the impact of the rapid slowdown in the global economy caused by the spread of COVID-19. Under the policy of “Building a business platform for new growth,” the theme of the Ninth Medium-Term Management Plan, the company aims to build a self-sustaining earnings model with its own processing capabilities, in addition to revenue from its traditional trading business.」
The focus shifted from explaining higher profit through improved profitability to describing lower revenue and profit due to COVID-19 while continuing to build a self-sustaining earnings model with processing capabilities. - FY2019ReframedAnnual report
「In the consolidated fiscal year, the company was able to accurately capture demand for steel products and market prices, leading to higher revenue and profit. Under the policy of “Building a business platform for new growth,” the company aims to build a self-sustaining earnings model with its own processing capabilities, in addition to revenue from its traditional trading business.」
The explanation of initiatives has broadened from improving profitability to capturing demand for steel products and market prices and building a self-sustaining earnings model with processing capabilities. - FY2019-Q2ReframedAnnual report
「Under these conditions, the group’s revenue for the cumulative second quarter increased 3.2% year on year to ¥59,556 million, while higher selling, general and administrative expenses, mainly transportation costs, resulted in operating profit of ¥833 million (up 0.4%) and ordinary profit of ¥888 million (up 0.1%).」
This filing explains that higher selling, general and administrative expenses, mainly transportation costs, affected profit, rather than describing specific efforts to improve profitability. Even so, operating profit and ordinary profit increased slightly year on year. - FY2018ReframedAnnual report
「In the consolidated fiscal year, each profit measure decreased from the previous consolidated fiscal year, mainly due to a decline in the gross profit margin. However, the company was able to accurately capture demand for steel products and market prices, leading to higher revenue.」
The focus of the explanation shifted from higher profit through improved profitability, as described in the previous fiscal year, to lower profit measures due to a decline in the gross profit margin and higher revenue from capturing demand and market prices. - FY2017AdvancedAnnual report
「Steel prices continued to trend lower throughout the year, and the Group's revenue fell below the previous fiscal year due to a decline in the average selling price, to ¥106,330 million, down 2.6% year on year. Meanwhile, the Group worked to improve profitability, resulting in operating profit of ¥1,838 million, up 7.6%, and ordinary profit of ¥1,944 million, up 12.7%.」
The company reported measurable results from its efforts to improve profitability: full-year operating profit of ¥1,838 million and ordinary profit of ¥1,944 million, up 7.6% and 12.7%, respectively, year on year. - FY2017-Q3First statedAnnual report
「Although revenue declined 4.9% year on year to ¥78,291 million, the company worked to improve profitability, resulting in increases in operating profit of ¥1,306 million (up 0.5%), ordinary profit of ¥1,401 million (up 1.1%), and quarterly profit attributable to owners of the parent of ¥960 million (up 1.7%), respectively.」
The company itself explains that efforts to improve profitability resulted in year-on-year increases in each profit measure despite declining revenue.