Operating profit, ordinary profit and quarterly net income attributable to owners of the parent increase despite lower sales
First written in FY2017-Q3. 10 of 31 entries say "Restated". Latest entry: 2026-07-31.
The whole theme swung hardest in 2020: 7 of 15 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026Ordinary income and net income declined despite higher sales and operating income.Annual report
「Net sales rose to ¥164,927 million, an increase of ¥8,200 million, or 5.2%, from the same period of the previous year. Operating income rose to ¥4,132 million, an increase of ¥563 million, or 15.8%. Ordinary income fell to ¥4,438 million, a decrease of ¥81 million, or 1.8%. Net income attributable to owners of the parent fell to ¥3,374 million, a decrease of ¥2 million, or 0.1%.」
Compared with the previous fiscal year's higher earnings despite lower sales, net sales and operating income increased this year. Meanwhile, ordinary income declined due to lower equity-method investment gains and the occurrence of foreign exchange losses, and net income attributable to owners of the parent also decreased slightly. - 2026-04-30ReframedResults briefing materials
「Although operating profit increased as a result of higher revenue, ordinary profit declined because equity in earnings of affiliates decreased. Net income attributable to owners of the parent was approximately unchanged from the previous year, when it reached a record high, because gains on sales of cross-shareholdings increased.」
The earnings profile shifted from higher profit amid declining revenue to higher operating profit on revenue growth, offset by lower ordinary profit due to reduced equity in earnings of affiliates. - FY2026-H1RestatedAnnual report
「For the six months ended the interim period, net sales fell to ¥76,713 million, a decrease of ¥1,444 million, or 1.8%, from the same period of the previous year. Operating income rose to ¥2,168 million, an increase of ¥668 million, or 44.6%. Ordinary income rose to ¥2,238 million, an increase of ¥381 million, or 20.5%. Interim net income attributable to owners of the parent rose to ¥1,512 million, an increase of ¥190 million, or 14.4%.」
Although net sales declined 1.8%, operating income rose 44.6%, ordinary income rose 20.5% and interim net income attributable to owners of the parent rose 14.4%, continuing the trend of higher earnings despite lower sales. - FY2025AdvancedAnnual report
「Net sales fell to ¥156,727 million, a decrease of ¥1,552 million, or 1.0%, from the same period of the previous year. Operating income rose to ¥3,568 million, an increase of ¥598 million, or 20.1%. Ordinary income rose to ¥4,520 million, an increase of ¥488 million, or 12.1%. Net income attributable to owners of the parent rose to ¥3,376 million, an increase of ¥622 million, or 22.6%.」
Although net sales declined, operating income, ordinary income and net income attributable to owners of the parent all increased, with the rise in the proportion of higher-margin products cited as a factor. - FY2025-H1AdvancedAnnual report
「For the six months ended the interim period, net sales rose to ¥78,157 million, an increase of ¥3,164 million, or 4.2%, from the same period of the previous year. Operating income rose to ¥1,499 million, an increase of ¥270 million, or 22.0%. Ordinary income rose to ¥1,857 million, an increase of ¥274 million, or 17.3%. Interim net income attributable to owners of the parent rose to ¥1,321 million, an increase of ¥350 million, or 36.1%.」
The six months ended the interim period reversed the overall decline in sales and earnings that had continued through the previous quarter, with net sales, operating income, ordinary income and interim net income attributable to owners of the parent all exceeding the same period of the previous year. - FY2024-Q3Net income attributable to owners of the parent increased despite lower sales and earningsAnnual report
「Net sales fell to ¥118,237 million, a decrease of ¥957 million, or 0.8%, from the same period of the previous year. Operating income fell to ¥2,306 million, a decrease of ¥705 million, or 23.4%, and ordinary income fell to ¥2,953 million, a decrease of ¥123 million, or 4.0%. Net income attributable to owners of the parent rose to ¥1,943 million, an increase of ¥80 million, or 4.3%.」
Although net sales, operating income and ordinary income fell below the same period of the previous year, net income attributable to owners of the parent rose 4.3% year on year due to lower income taxes and other factors. - FY2024-Q2RestatedAnnual report
「For the six months ended the second quarter, net sales fell to ¥74,992 million, a decrease of ¥5,826 million, or 7.2%, from the same period of the previous year. Operating income fell to ¥1,229 million, a decrease of ¥752 million, or 38.0%, and ordinary income fell to ¥1,583 million, a decrease of ¥155 million, or 8.9%. Net income attributable to owners of the parent fell to ¥971 million, a decrease of ¥125 million, or 11.4%.」
Following the previous quarter, net sales, operating income, ordinary income and net income attributable to owners of the parent all fell below the same period of the previous year. Although the First Business performed well, the Second Business and automotive and battery materials business were sluggish, resulting in lower sales and earnings overall. - FY2024-Q1WorsenedAnnual report
「For the three months ended the first quarter, net sales fell to ¥37,410 million, a decrease of ¥2,963 million, or 7.3%, from the same period of the previous year. Operating income fell to ¥676 million, a decrease of ¥285 million, or 29.7%, and ordinary income fell to ¥549 million, a decrease of ¥539 million, or 49.6%. Net income attributable to owners of the parent fell to ¥269 million, a decrease of ¥384 million, or 58.8%.」
From higher sales and earnings in the same period of the previous year, net sales, operating income, ordinary income and net income attributable to owners of the parent all declined. - FY2023-Q3RestatedAnnual report
「Net sales rose to ¥119,194 million, an increase of ¥12,583 million, or 11.8%, from the same period of the previous year. Operating income rose to ¥3,012 million, an increase of ¥444 million, or 17.3%. Ordinary income rose to ¥3,077 million, an increase of ¥480 million, or 18.5%. Net income attributable to owners of the parent fell to ¥1,862 million, a decrease of ¥55 million, or 2.9%.」
Following the previous quarter, net sales, operating income and ordinary income increased, while net income attributable to owners of the parent declined. - FY2023-Q2RestatedAnnual report
「Net sales rose to ¥80,819 million, an increase of ¥11,999 million, or 17.4%, from the same period of the previous year. Operating income rose to ¥1,981 million, an increase of ¥492 million, or 33.0%. Ordinary income rose to ¥1,738 million, an increase of ¥277 million, or 19.0%. Net income attributable to owners of the parent fell to ¥1,096 million, a decrease of ¥153 million, or 12.3%.」
Following the previous quarter, net sales, operating income and ordinary income increased, while net income attributable to owners of the parent declined. The increase in income taxes and other factors are cited as reasons for the decline in earnings. - FY2023-Q1Net income attributable to owners of the parent declined despite higher sales and earningsAnnual report
「Net sales rose to ¥40,370 million, an increase of ¥6,173 million, or 18.1%, from the same period of the previous year. Operating income rose to ¥962 million, an increase of ¥191 million, or 24.8%. Ordinary income rose to ¥1,089 million, an increase of ¥84 million, or 8.4%. Net income attributable to owners of the parent fell to ¥653 million, a decrease of ¥48 million, or 7.0%.」
Although net sales, operating income and ordinary income exceeded the same period of the previous year, net income attributable to owners of the parent declined, resulting in a different composition from the across-the-board higher sales and earnings through the previous quarter. - FY2022AdvancedAnnual report
「Net sales rose to ¥143,025 million, an increase of ¥17,020 million, or 13.5%, from the same period of the previous year. Operating income rose to ¥3,402 million, an increase of ¥1,161 million, or 51.9%. Ordinary income rose to ¥3,410 million, an increase of ¥1,616 million, or 90.1%. Net income attributable to owners of the parent rose to ¥2,407 million, an increase of ¥1,209 million, or 100.9%.」
For the full year, net sales, operating income, ordinary income and net income attributable to owners of the parent all increased, recovering from the previous year's decline in sales to higher sales and earnings. - FY2022-Q3RestatedAnnual report
「Net sales rose to ¥106,610 million, an increase of ¥14,065 million, or 15.2%, from the same period of the previous year. Operating income rose to ¥2,568 million, an increase of ¥875 million, or 51.7%. Ordinary income rose to ¥2,554 million, an increase of ¥1,010 million, or 65.5%. Net income attributable to owners of the parent rose to ¥1,918 million, an increase of ¥748 million, or 64.1%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year, following the previous quarter. - FY2022-Q2RestatedAnnual report
「For the six months ended the second quarter, net sales rose to ¥68,819 million, an increase of ¥10,169 million, or 17.3%, from the same period of the previous year. Operating income rose to ¥1,489 million, an increase of ¥496 million, or 50.0%. Ordinary income rose to ¥1,461 million, an increase of ¥694 million, or 90.5%. Net income attributable to owners of the parent rose to ¥1,249 million, an increase of ¥609 million, or 95.1%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year, following the previous quarter. - FY2022-Q1From higher earnings despite lower sales to higher sales and earningsAnnual report
「Net sales rose to ¥34,200 million, an increase of ¥3,968 million, or 13.1%, from the same period of the previous year. Operating income rose to ¥771 million, an increase of ¥242 million, or 45.8%. Ordinary income rose to ¥1,004 million, an increase of ¥688 million, or 217.5%. Net income attributable to owners of the parent rose to ¥702 million, an increase of ¥535 million, or 320.9%.」
Although sales had continued to decline through the previous quarter, net sales, operating income, ordinary income and net income attributable to owners of the parent all increased year on year this quarter. - FY2021-Q3From lower sales and earnings to lower sales and higher operating income, with net income lowerAnnual report
「For the nine months ended the third quarter, net sales fell to ¥95,362 million, a decrease of ¥11,935 million, or 11.1%, from the same period of the previous year. Operating income rose to ¥1,692 million, an increase of ¥476 million, or 39.1%, and ordinary income rose to ¥1,543 million, an increase of ¥188 million, or 13.9%. Net income attributable to owners of the parent fell to ¥1,169 million, a decrease of ¥707 million, or 37.7%.」
Although the decline in sales continued, operating income and ordinary income increased due to a substantial decrease in selling, general and administrative expenses. Meanwhile, net income attributable to owners of the parent declined due to the absence of the previous year's gain on the sale of cross-shareholdings. - FY2021-Q1WorsenedAnnual report
「As a result, net sales for the three months ended the first quarter fell to ¥31,185 million, a decrease of ¥4,718 million, or 13.1%, from the same period of the previous year. Operating income rose to ¥528 million, an increase of ¥41 million, or 8.4%, while ordinary income fell to ¥316 million, a decrease of ¥324 million, or 50.6%. Net income attributable to owners of the parent fell to ¥166 million, a decrease of ¥338 million, or 66.9%.」
Net sales, ordinary income and net income attributable to owners of the parent declined due to the impact of COVID-19. Operating income increased due to a substantial decrease in selling, general and administrative expenses. - FY2020-Q3Higher net income due to extraordinary gains despite lower sales and earningsAnnual report
「As a result, net sales for the nine months ended the third quarter fell to ¥107,297 million, a decrease of ¥10,375 million, or 8.8%, from the same period of the previous year. Operating income fell sharply to ¥1,216 million, a decrease of ¥921 million, or 43.1%, and ordinary income fell sharply to ¥1,355 million, a decrease of ¥1,142 million, or 45.7%. Meanwhile, net income attributable to owners of the parent rose to ¥1,876 million, an increase of ¥22 million, or 1.2%.」
Although net sales, operating income and ordinary income declined, net income attributable to owners of the parent increased due to extraordinary gains from the sale of investment securities, including gains from the partial reduction of cross-shareholdings. - FY2020-Q2WorsenedAnnual report
「As a result, net sales for the six months ended the second quarter fell to ¥68,575 million, a decrease of ¥6,599 million, or 8.8%, from the same period of the previous year. Operating income fell sharply to ¥597 million, a decrease of ¥562 million, or 48.5%. Ordinary income fell sharply to ¥774 million, a decrease of ¥593 million, or 43.4%. Net income attributable to owners of the parent fell to ¥900 million, a decrease of ¥164 million, or 15.4%.」
From higher sales and earnings in the previous fiscal year, net sales, operating income, ordinary income and net income attributable to owners of the parent all declined. - FY2020-Q1WorsenedAnnual report
「As a result, net sales for the three months ended the first quarter fell to ¥35,904 million, a decrease of ¥3,056 million, or 7.8%, from the same period of the previous year. Operating income fell to ¥487 million, a decrease of ¥155 million, or 24.2%. Ordinary income fell to ¥640 million, a decrease of ¥128 million, or 16.7%. Net income attributable to owners of the parent fell to ¥505 million, a decrease of ¥124 million, or 19.8%.」
From higher sales and earnings in the same period of the previous year, net sales, operating income, ordinary income and net income attributable to owners of the parent all declined. - FY2019AdvancedAnnual report
「Net sales rose to ¥154,604 million, an increase of ¥12,810 million, or 9.0%, from the same period of the previous year. Operating income rose to ¥2,636 million, an increase of ¥632 million, or 31.6%. Ordinary income rose to ¥3,256 million, an increase of ¥338 million, or 11.6%. Net income attributable to owners of the parent rose to ¥2,267 million, an increase of ¥199 million, or 9.6%.」
For the full year, net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the previous year, and the shift from higher earnings despite lower sales to higher sales and earnings continued. - FY2019-Q3RestatedAnnual report
「As a result, net sales for the nine months ended the third quarter rose to ¥117,673 million, an increase of ¥13,469 million, or 12.9%, from the same period of the previous year. Operating income rose to ¥2,138 million, an increase of ¥735 million, or 52.4%. Ordinary income rose to ¥2,498 million, an increase of ¥448 million, or 21.9%. Net income attributable to owners of the parent rose to ¥1,853 million, an increase of ¥389 million, or 26.6%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year, following the previous quarter. - FY2019-Q2RestatedAnnual report
「As a result, net sales for the six months ended the second quarter rose to ¥75,175 million, an increase of ¥9,193 million, or 13.9%, from the same period of the previous year. Operating income rose to ¥1,160 million, an increase of ¥455 million, or 64.7%. Ordinary income rose to ¥1,367 million, an increase of ¥220 million, or 19.2%. Net income attributable to owners of the parent rose to ¥1,064 million, an increase of ¥246 million, or 30.1%.」
Net sales, operating income, ordinary income and net income attributable to owners of the parent all exceeded the same period of the previous year, following the previous quarter. - FY2019-Q1From higher earnings despite lower sales to higher sales and earningsAnnual report
「Net sales rose to ¥38,960 million, an increase of ¥5,977 million, or 18.1%, from the same period of the previous year. Operating income rose to ¥643 million, an increase of ¥272 million, or 73.2%. Ordinary income rose to ¥769 million, an increase of ¥106 million, or 16.1%. Net income attributable to owners of the parent rose to ¥629 million, an increase of ¥129 million, or 25.9%.」
Unlike the previous fiscal year, when earnings increased despite lower sales, net sales, operating income, ordinary income and net income attributable to owners of the parent all increased this quarter. - FY2018-Q3RestatedAnnual report
「Operating income fell ¥300 million year on year to ¥1,402 million, down 17.6%, due to the lower gross profit margin and higher selling, general and administrative expenses. Ordinary income fell ¥248 million to ¥2,049 million, down 10.8%, due to lower operating income and equity-method investment gains. As a result, net income attributable to owners of the parent fell to ¥1,464 million, down 17.5%.」
Although net sales increased, operating income, ordinary income and net income attributable to owners of the parent all declined year on year, and the earnings decline continued. - FY2018-Q2RestatedAnnual report
「Operating income fell ¥158 million year on year to ¥704 million, down 18.4%, due to higher selling, general and administrative expenses. Ordinary income fell ¥166 million to ¥1,147 million, down 12.7%, partly due to lower equity-method investment gains and dividend income. As a result, net income attributable to owners of the parent fell to ¥818 million, down 28.4%.」
Although net sales increased, operating income, ordinary income and net income attributable to owners of the parent all declined year on year, and the earnings decline continued. - FY2018-Q1Earnings declinedAnnual report
「Operating income fell ¥164 million year on year to ¥371 million, down 30.7%, due to higher selling, general and administrative expenses. Ordinary income fell ¥85 million to ¥662 million, down 11.4%, despite increases in equity-method investment gains and decreases in foreign exchange losses. As a result, net income attributable to owners of the parent fell ¥120 million to ¥500 million, down 19.4%.」
The three items all declined this quarter, reversing the increases in operating income, ordinary income and income attributable to owners of the parent that had continued through the previous fiscal year. - FY2017AdvancedAnnual report
「In terms of earnings, operating income rose 7.9% to ¥2,280 million, mainly due to an improvement in the gross profit margin. Ordinary income rose 14.0% to ¥3,049 million, partly reflecting higher equity-method investment gains and dividend income. As a result, net income attributable to owners of the parent rose 11.6% to ¥2,297 million.」
Although net sales declined 0.2% year on year, operating income, ordinary income and net income attributable to owners of the parent all increased. - FY2017-Q3First statedAnnual report
「In terms of earnings, operating income rose 3.8% year on year to ¥1,702 million, mainly due to an improvement in the gross profit margin. Ordinary income rose 5.0% to ¥2,297 million, partly reflecting an increase in dividend income. Net income attributable to owners of the parent rose 5.1% to ¥1,774 million, helped by higher ordinary income as well as gains on the sale of investment securities and other assets.」
Although net sales declined 1.4% year on year, operating income, ordinary income and net income attributable to owners of the parent all increased, owing to the improvement in the gross profit margin, the increase in dividend income and gains on the sale of investment securities and other assets.