Improvement in operating income and net income despite declining net sales
First written in FY2016. 16 of 40 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-25.
The whole theme swung hardest in 2020: 24 of 105 companies on the "Worse" side.
20 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Net sales were ¥188,677 million, up ¥23,136 million, or 14.0%, year on year. Gross profit was ¥18,672 million, up ¥1,814 million, or 10.8%; operating income was ¥3,605 million, up ¥654 million, or 22.2%; ordinary income was ¥3,924 million, up ¥1,375 million, or 54.0%; and net income attributable to owners of the parent was ¥2,544 million, up ¥185 million, or 7.9%. All items exceeded the annual earnings forecast, and net sales and net income attributable to owners of the parent reached record highs.」
Net sales, operating income, ordinary income and net income all increased, with net sales and net income attributable to owners of the parent reaching record highs. All items also exceeded the annual forecast. - FY2026-H1Revenue growth and lower operating income alongside growth in ordinary income and net incomeAnnual report
「For the first half of the current consolidated fiscal year, net sales were ¥84,417 million, up ¥4,765 million, or 6.0%, year on year. Gross profit was ¥8,982 million, up ¥415 million, or 4.9%, and operating income was ¥1,764 million, down ¥41 million, or 2.3%. This was due to the recognition of a provision for doubtful accounts relating to a specific business partner in the first quarter. Ordinary income was ¥2,017 million, up ¥339 million, or 20.2%, and interim net income attributable to owners of the parent was ¥1,347 million, up ¥109 million, or 8.9%.」
Net sales and gross profit increased, while operating income declined 2.3% due to the provision for doubtful accounts relating to a specific business partner. Ordinary income increased 20.2% and interim net income increased 8.9%. - FY2025AdvancedAnnual report
「Net sales were ¥165,541 million, up ¥19,346 million, or 13.2%, year on year, reaching a record high.」
Net sales reached a record high at ¥165,541 million, and net income attributable to owners of the parent also reached a record high at ¥2,358 million. Operating income increased 2.4%, while ordinary income declined 15.0%. - FY2025-H1Revenue and operating income growth alongside declines in ordinary income and net incomeAnnual report
「For the first half of the current consolidated fiscal year, net sales were ¥79,652 million, up ¥8,801 million, or 12.4%, year on year; gross profit was ¥8,566 million, up ¥294 million, or 3.6%; and operating income was ¥1,805 million, up ¥83 million, or 4.8%. Ordinary income, affected in part by higher interest rates and foreign exchange movements, was ¥1,678 million, down ¥124 million, or 6.9%, and interim net income attributable to owners of the parent was ¥1,237 million, down ¥60 million, or 4.6%. Although slightly below the previous year's level, performance is progressing smoothly against the published consolidated earnings forecast for the current fiscal year.」
In the first half, net sales increased 12.4% and operating income 4.8%, while ordinary income declined 6.9% and interim net income attributable to owners of the parent declined 4.6% due to the effects of higher interest rates and foreign exchange movements. - FY2024-Q3AdvancedAnnual report
「For the first nine months of the current consolidated fiscal year, net sales were ¥110,802 million, up ¥8,988 million, or 8.8%, year on year, and gross profit was ¥12,240 million, up ¥1,676 million, or 15.9%. Operating income was ¥2,215 million, up ¥470 million, or 26.9%; ordinary income was ¥2,270 million, up ¥373 million, or 19.7%; and net income attributable to owners of the parent was ¥1,641 million, up ¥325 million, or 24.8%. All of these items exceeded the same period of the previous fiscal year.」
For the first nine months, all of net sales, gross profit, operating income, ordinary income and net income attributable to owners of the parent exceeded the same period of the previous fiscal year. Net sales increased 8.8%, operating income 26.9% and net income 24.8%, marking a shift from the varying performance among profit items through the previous fiscal year to growth in both revenue and earnings across all items. - FY2024-Q2AdvancedAnnual report
「For the first six months of the current consolidated fiscal year, net sales were ¥70,850 million, up ¥10,342 million, or 17.1%, year on year, and gross profit was ¥8,271 million, up ¥1,403 million, or 20.4%. Operating income was ¥1,722 million, up ¥599 million, or 53.4%; ordinary income was ¥1,802 million, up ¥520 million, or 40.6%; and net income attributable to owners of the parent was ¥1,297 million, up ¥388 million, or 42.7%, a record high for a first-half period.」
For the first six months, net sales, gross profit, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous fiscal year, with net income reaching a record high for the period. - FY2024-Q1AdvancedAnnual report
「For the first quarter of the current consolidated fiscal year, net sales were ¥32,989 million, up ¥7,891 million, or 31.4%, year on year. Gross profit was ¥4,186 million, up ¥896 million, or 27.3%; operating income was ¥964 million, up ¥424 million, or 78.6%; ordinary income was ¥1,010 million, up ¥258 million, or 34.4%; and net income attributable to owners of the parent was ¥738 million, up ¥179 million, or 32.2%.」
From the previous year's pattern of revenue growth, lower operating income and higher net income, the current quarter shifted to growth in both revenue and earnings across net sales, gross profit, operating income, ordinary income and net income. - FY2023Revenue growth, lower operating income and higher net incomeAnnual report
「Net sales were ¥131,054 million, up ¥19,224 million, or 17.2%, year on year, exceeding the initial published forecast, and gross profit was ¥14,020 million, up ¥1,078 million, or 8.3%. However, operating income was ¥1,829 million, down ¥178 million, or 8.9%, and ordinary income was ¥1,787 million, down ¥95 million, or 5.1%, while net income attributable to owners of the parent was ¥1,769 million, up ¥130 million, or 8.0%.」
For the full year, net sales and gross profit increased, while operating income and ordinary income declined due to provisions for doubtful accounts and other factors, and net income increased due to gains on the sale of investment securities and other factors. - FY2023-Q3Revenue growth, slight operating income growth and flat net incomeAnnual report
「For the first nine months of the current consolidated fiscal year, net sales were ¥101,813 million, up ¥19,108 million, or 23.1%, year on year, and gross profit was ¥10,564 million, up ¥782 million, or 8.0%. Operating income was ¥1,745 million, up ¥9 million, or 0.6%; ordinary income was ¥1,897 million, up ¥167 million, or 9.7%; and net income attributable to owners of the parent was ¥1,316 million, unchanged from ¥1,316 million in the same period of the previous fiscal year, representing 0.0% growth.」
Net sales and gross profit increased year on year, operating income edged up and ordinary income increased, while net income attributable to owners of the parent was unchanged from the same period of the previous fiscal year. - FY2023-Q2Revenue and gross profit increased, while operating income and net income declinedAnnual report
「Net sales were ¥60,508 million, up ¥7,912 million, or 15.0%, year on year, and gross profit was ¥6,868 million, up ¥318 million, or 4.9%. Operating income was ¥1,123 million, down ¥78 million, or 6.5%; ordinary income was ¥1,281 million, up ¥74 million, or 6.2%; and net income attributable to owners of the parent was ¥909 million, down ¥25 million, or 2.7%.」
Net sales and gross profit increased, while operating income and net income attributable to owners of the parent declined and ordinary income increased, resulting in mixed movements among the individual profit items. - FY2023-Q1ReframedAnnual report
「For the first quarter of the current consolidated fiscal year, net sales were ¥25,098 million, up ¥648 million, or 2.7%, year on year. Gross profit was ¥3,290 million, down ¥70 million, or 2.1%; operating income was ¥540 million, down ¥180 million, or 25.1%. However, ordinary income was ¥751 million, up ¥37 million, or 5.3%, and net income attributable to owners of the parent was ¥558 million, up ¥72 million, or 15.0%.」
The pattern of earnings improvement despite lower revenue changed this quarter, with revenue growth accompanied by declines in operating income and gross profit, while ordinary income and net income increased. - FY2022WorsenedAnnual report
「For the consolidated fiscal year, net sales were ¥111,829 million, compared with ¥116,375 million in the previous fiscal year; operating income was ¥2,008 million, down ¥1,624 million; ordinary income was ¥1,882 million, down ¥1,817 million; and net income attributable to owners of the parent was ¥1,638 million, down ¥387 million.」
From revenue growth and substantial earnings growth in the previous fiscal year, the current fiscal year saw declines in net sales, operating income, ordinary income and net income attributable to owners of the parent. The company cited the plateau in demand for medical and hygiene consumables as a factor behind the decline in revenue. - FY2022-Q3WorsenedAnnual report
「As a result, performance for the first nine months of the current consolidated fiscal year progressed smoothly against the plan. However, as demand for medical and hygiene consumables, which had contributed to performance in the previous fiscal year, settled down, net sales were ¥82,705 million, compared with ¥87,793 million in the same period of the previous fiscal year. Gross profit was ¥9,781 million, down ¥1,624 million year on year. Operating income was ¥1,736 million, down ¥1,566 million; ordinary income was ¥1,729 million, down ¥1,540 million; and net income attributable to owners of the parent was ¥1,316 million, down ¥473 million.」
Although performance was described as progressing smoothly against the plan, net sales, operating income, ordinary income and net income attributable to owners of the parent fell below the previous year's level as demand for medical and hygiene consumables subsided. - FY2022-Q2WorsenedAnnual report
「However, as demand for medical and hygiene consumables, which had contributed to performance in the previous fiscal year, reached a plateau, net sales for the first six months of the current consolidated fiscal year were ¥52,595 million, compared with ¥55,958 million in the same period of the previous fiscal year. Gross profit was ¥6,549 million, down ¥1,067 million year on year. Operating income was ¥1,201 million, down ¥1,099 million; ordinary income was ¥1,207 million, down ¥1,044 million; and net income attributable to owners of the parent was ¥935 million, down ¥241 million.」
Against the backdrop of demand for medical and hygiene consumables reaching a plateau, net sales, operating income, ordinary income and net income attributable to owners of the parent fell below the previous year's level. - FY2022-Q1WorsenedAnnual report
「As a result, for the first quarter of the current consolidated fiscal year, net sales were ¥24,449 million, compared with ¥26,212 million in the same period of the previous fiscal year. Gross profit was ¥3,360 million, down ¥69 million, or 2.0%, year on year. Operating income was ¥720 million, down ¥154 million, or 17.7%; ordinary income was ¥714 million, down ¥158 million, or 18.1%; and net income attributable to owners of the parent was ¥485 million, down ¥79 million, or 14.1%.」
Net sales declined year on year, while operating income, ordinary income and net income attributable to owners of the parent declined 17.7%, 18.1% and 14.1%, respectively. The adoption of the revenue recognition accounting standard reduced net sales by ¥1,046 million. - FY2021-Q3AdvancedAnnual report
「As a result, for the first nine months of the current consolidated fiscal year, net sales were ¥87,793 million, up ¥307 million, or 0.4%, year on year, and gross profit was ¥11,406 million, up ¥2,070 million, or 22.2%. Operating income was ¥3,302 million, up ¥2,324 million, or 237.5%; ordinary income was ¥3,270 million, up ¥2,330 million, or 247.9%; and net income attributable to owners of the parent was ¥1,789 million, up ¥962 million, or 116.3%.」
For the first nine months, net sales returned to growth, increasing 0.4%, while gross profit, operating income, ordinary income and net income attributable to owners of the parent increased 22.2%, 237.5%, 247.9% and 116.3%, respectively. - FY2021-Q2AdvancedAnnual report
「As a result, for the first six months of the current consolidated fiscal year, net sales were ¥55,958 million, down ¥683 million, or 1.2%, year on year, while gross profit was ¥7,617 million, up ¥1,419 million, or 22.9%. Operating income was ¥2,301 million, up ¥1,687 million, or 274.7%; ordinary income was ¥2,252 million, up ¥1,670 million, or 287.1%; and net income attributable to owners of the parent was ¥1,176 million, up ¥597 million, or 103.4%.」
For the first six months, net sales declined 1.2%, while gross profit, operating income, ordinary income and net income attributable to owners of the parent increased 22.9%, 274.7%, 287.1% and 103.4%, respectively, indicating continued earnings improvement despite lower revenue. - FY2021-Q1AdvancedAnnual report
「As a result, for the first quarter of the current consolidated fiscal year, net sales were ¥26,212 million, up ¥1,026 million, or 4.1%, year on year. Gross profit was ¥3,430 million, up ¥572 million, or 20.0%; operating income was ¥875 million, up ¥731 million, or 507.0%; ordinary income was ¥872 million, up ¥701 million, or 410.3%; and net income attributable to owners of the parent was ¥565 million, up ¥307 million, or 118.8%.」
From the previous fiscal year's first-quarter decline in revenue and earnings, the current quarter turned to revenue growth of 4.1%, with operating income, ordinary income and net income attributable to owners of the parent increasing 507.0%, 410.3% and 118.8%, respectively. - FY2020WorsenedAnnual report
「For the consolidated fiscal year, net sales were ¥115,548 million, down 16.6% from the previous fiscal year; operating income was ¥1,191 million, down ¥1,? million, or 29.2%; ordinary income was ¥1,213 million, down ¥? million, or 26.9%; and net income attributable to owners of the parent was ¥1,008 million, down ¥? million, or 12.4%.」
The pattern shifted from revenue and earnings growth in the previous fiscal year to declines in net sales, operating income, ordinary income and net income attributable to owners of the parent. - FY2020-Q3Declining revenue and earnings continued, with different rates of decline by profit itemAnnual report
「For the first nine months of the current consolidated fiscal year, net sales were ¥87,485 million, down ¥20,121 million, or 18.7%, year on year. Gross profit was ¥9,335 million, down ¥610 million, or 6.1%; operating income was ¥978 million, down ¥479 million, or 32.9%; ordinary income was ¥940 million, down ¥520 million, or 35.6%; and net income attributable to owners of the parent was ¥827 million, down ¥117 million, or 12.5%.」
For the first nine months, net sales declined 18.7%, operating income 32.9%, ordinary income 35.6% and net income attributable to owners of the parent 12.5%. Revenue and earnings continued to decline from the previous quarter, although the declines in operating income, ordinary income and net income were narrower than in the previous quarter. - FY2020-Q2WorsenedAnnual report
「For the first six months of the current consolidated fiscal year, net sales were ¥56,642 million, down ¥12,246 million, or 17.8%, year on year. Gross profit was ¥6,197 million, down ¥449 million, or 6.8%; operating income was ¥614 million, down ¥383 million, or 38.4%; ordinary income was ¥581 million, down ¥461 million, or 44.3%; and net income attributable to owners of the parent was ¥578 million, down ¥157 million, or 21.4%.」
For the first six months, net sales declined 17.8%, and operating income, ordinary income and net income attributable to owners of the parent also declined. The deterioration in performance has continued from the previous period's trend of revenue and earnings growth. - FY2020-Q1ReframedAnnual report
「For the first quarter of the current consolidated fiscal year, net sales were ¥25,185 million, down ¥6,320 million, or 20.1%, year on year. Gross profit was ¥2,857 million, down ¥267 million, or 8.6%; operating income was ¥144 million, down ¥231 million, or 61.6%; ordinary income was ¥170 million, down ¥257 million, or 60.1%; and net income attributable to owners of the parent was ¥258 million, down ¥40 million, or 13.5%.」
The pattern of improved operating income and net income despite lower revenue changed this quarter, with net sales, operating income, ordinary income and net income attributable to owners of the parent all declining year on year. - FY2019AdvancedAnnual report
「For the consolidated fiscal year, net sales were ¥138,487 million, up 3.6% year on year; operating income was ¥1,683 million, up 7.0%; ordinary income was ¥1,661 million, up 10.6%; and net income attributable to owners of the parent was ¥1,152 million, up 26.1% year on year.」
For the full year, net sales increased 3.6%, while operating income, ordinary income and net income attributable to owners of the parent increased 7.0%, 10.6% and 26.1%, respectively. - FY2019-Q3Revenue growth, with mixed results by profit itemAnnual report
「Against this backdrop, for the first nine months of the current consolidated fiscal year, net sales were ¥107,606 million, up ¥7,549 million, or 7.5%, year on year. Gross profit was ¥9,946 million, down ¥64 million, or 0.6%; operating income was ¥1,457 million, up ¥21 million, or 1.5%; ordinary income was ¥1,460 million, down ¥34 million, or 2.3%; and net income attributable to owners of the parent was ¥945 million, down ¥81 million, or 8.0%.」
For the first nine months, net sales increased 7.5%, while gross profit declined 0.6%, operating income increased 1.5%, ordinary income declined 2.3%, and net income attributable to owners of the parent declined 8.0%. - FY2019-Q2AdvancedAnnual report
「Against this backdrop, for the first six months of the current consolidated fiscal year, net sales were ¥68,889 million, up ¥3,516 million, or 5.4%, year on year. Gross profit was ¥6,647 million, up ¥169 million, or 2.6%; operating income was ¥997 million, up ¥230 million, or 30.1%; ordinary income was ¥1,043 million, up ¥251 million, or 31.7%; and net income attributable to owners of the parent was ¥736 million, up ¥250 million, or 51.7%.」
For the first six months, net sales returned to growth, increasing 5.4%, while operating income, ordinary income and net income attributable to owners of the parent increased 30.1%, 31.7% and 51.7%, respectively. - FY2019-Q1AdvancedAnnual report
「Against this backdrop, for the first quarter of the current consolidated fiscal year, net sales were ¥31,505 million, down ¥2,003 million, or 6.0%, year on year. Gross profit was ¥3,124 million, up ¥36 million, or 1.2%; operating income was ¥376 million, up ¥49 million, or 15.3%; ordinary income was ¥428 million, up ¥62 million, or 17.1%; and net income attributable to owners of the parent was ¥298 million, up ¥77 million, or 34.8%.」
In the first quarter, revenue declined 6.0%, while gross profit, operating income, ordinary income and net income attributable to owners of the parent increased 1.2%, 15.3%, 17.1% and 34.8%, respectively, continuing the improvement in earnings despite lower revenue. - FY2018ReframedAnnual report
「For the consolidated fiscal year, revenue was ¥133,727 million, down 5.5% year on year; operating income was ¥1,573 million, up 20.1%; ordinary income was ¥1,502 million, up 35.7%; and net income attributable to owners of the parent was ¥913 million, down 44.1%.」
For the full year, revenue declined while operating income and ordinary income increased. However, net income attributable to owners of the parent declined due to the absence of the gain on the sale of fixed assets recorded in the previous fiscal year. Compared with the previous year's pattern of lower revenue but higher earnings, the differences among the individual profit items became more pronounced. - FY2018-Q3AdvancedAnnual report
「Results for the cumulative third quarter under review were as follows: revenue was ¥100,057 million, up ¥2,007 million, or 2.0%, year on year; gross profit was ¥10,010 million, up ¥234 million, or 2.4%; operating income was ¥1,436 million, up ¥411 million, or 40.1%; ordinary income was ¥1,494 million, up ¥733 million, or 96.3%; and net income attributable to owners of the parent was ¥1,026 million, up ¥126 million, or 14.0%.」
For the cumulative third quarter, revenue turned to a 2.0% increase, while operating income rose 40.1%, ordinary income 96.3% and net income attributable to owners of the parent 14.0%. The trend progressed from profit improvement despite lower revenue to higher revenue and higher profits. - FY2018-Q2AdvancedAnnual report
「Against this backdrop, results for the cumulative second quarter under review were as follows: revenue was ¥65,372 million, down ¥628 million, or 1.0%, year on year; gross profit was ¥6,477 million, down ¥139 million, or 2.1%; operating income was ¥766 million, up ¥182 million, or 31.3%; ordinary income was ¥792 million, up ¥550 million, or 228.0%; and net income attributable to owners of the parent was ¥485 million, up ¥24 million, or 5.4%.」
Revenue and gross profit declined, while operating income, ordinary income and net income attributable to owners of the parent increased, continuing the improvement in profits despite lower revenue. - FY2018-Q1AdvancedAnnual report
「Against this backdrop, results for the cumulative first quarter under review were as follows: revenue was ¥33,509 million, down ¥176 million, or 0.5%, year on year; gross profit was ¥3,088 million, down ¥72 million, or 2.3%; operating income was ¥326 million, up ¥124 million, or 61.7%; ordinary income was ¥365 million, up ¥309 million, or 543.4%; and net income attributable to owners of the parent was ¥221 million, up ¥216 million, or 3,831.9%.」
In the first quarter, revenue declined 0.5% and gross profit declined 2.3%, while operating income increased 61.7%, ordinary income 543.4% and net income attributable to owners of the parent 3,831.9%, continuing the improvement in profits despite lower revenue. - FY2017Full-year results confirmed lower revenue and higher profitsAnnual report
「Revenue was ¥141,532 million, down ¥10,107 million, or 6.7%, from the previous fiscal year. Gross profit was ¥13,153 million, down ¥504 million, or 3.7%. Operating income was ¥1,309 million, up ¥81 million, or 6.6%. Ordinary income was ¥1,107 million, up ¥131 million, or 13.5%. Net income attributable to owners of the parent was ¥1,634 million, up ¥885 million, or 118.2%.」
For the full fiscal year, revenue and gross profit declined, while operating income, ordinary income and net income attributable to owners of the parent increased. - FY2017-Q3ReframedAnnual report
「Revenue was ¥98,049 million, down ¥14,012 million, or 12.5%, year on year. Gross profit was ¥9,776 million, down ¥252 million, or 2.5%. Operating income was ¥1,024 million, up ¥310 million, or 43.5%. Ordinary income was ¥761 million, up ¥140 million, or 22.6%. Net income attributable to owners of the parent was ¥900 million, up ¥431 million, or 92.0%.」
The pattern of higher operating income and net income attributable to owners of the parent despite lower revenue and gross profit continued, while ordinary income, which had declined in the previous quarter, also turned higher. - FY2017-Q2ReframedAnnual report
「Revenue was ¥66,001 million, down ¥6,387 million, or 8.8%, year on year. Gross profit was ¥6,617 million, down ¥100 million, or 1.5%. Operating income was ¥583 million, up ¥157 million, or 36.9%. Ordinary income was ¥241 million, down ¥150 million, or 38.5%. Net income attributable to owners of the parent was ¥460 million, up ¥159 million, or 52.9%.」
During the quarter, revenue and gross profit declined, while operating income and net income attributable to owners of the parent increased and ordinary income declined, resulting in differing trends across the individual profit items. - FY2017-Q1ReframedAnnual report
「Revenue was ¥33,686 million, up ¥1,310 million, or 4.0%, year on year. Gross profit was ¥3,160 million, down ¥38 million, or 1.2%. Operating income was ¥201 million, up ¥103 million, or 104.8%. Ordinary income was ¥56 million, down ¥42 million, or 42.6%. Net income attributable to owners of the parent was ¥5 million, down ¥97 million, or 94.5%.」
The pattern changed from the previous fiscal year, when profits improved despite lower revenue, to the current quarter, when revenue and operating income increased while ordinary income and net income attributable to owners of the parent declined. - FY2016First statedAnnual report
「Revenue was ¥151,639 million, down ¥2,800 million, or 1.8%, from the previous fiscal year.」
Although revenue declined during the fiscal year, operating income was ¥1,228 million and net income attributable to owners of the parent was ¥749 million.