Full-year declines in revenue and profit and widening losses
First written in FY2017. 11 of 28 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 29 of 142 companies on the "Worse" side.
- FY2026Revenue growth, operating loss, ordinary loss and net loss all widenedAnnual report
「Net sales for the fiscal year were ¥2,533 million, up 44.1% year on year. As a result, operating profit for the fiscal year was ¥91 million, down 32.3% year on year (compared with operating profit of ¥134 million in the previous fiscal year). The company reported a ¥57 million loss on ordinary activities due to interest expense, nondeductible consumption taxes and other items (compared with ordinary profit of ¥10 million), and a net loss attributable to owners of the parent of ¥98 million (compared with a net loss of ¥46 million).」
Although net sales increased 44.1%, mainly in the real estate business, operating profit declined, income on ordinary activities turned into a loss, and the net loss attributable to owners of the parent widened. - FY2026-H1Higher operating profit, a narrower ordinary loss and a wider net lossAnnual report
「Operating profit for the six-month interim consolidated period was ¥30 million, up 71.3% year on year (compared with operating profit of ¥17 million in the same period of the previous fiscal year). The company reported a ¥28 million loss on ordinary activities due to interest expense, nondeductible consumption taxes and other items (compared with an ordinary loss of ¥43 million), and an interim net loss attributable to owners of the parent of ¥54 million (compared with an interim net loss of ¥52 million).」
Operating profit increased from ¥17 million to ¥30 million, and the ordinary loss narrowed from ¥43 million to ¥28 million. However, the interim net loss attributable to owners of the parent widened from ¥52 million to ¥54 million. - FY2025Operating and ordinary profitability alongside a net lossAnnual report
「As a result, operating profit for the fiscal year was ¥134 million, up 261.9% year on year (compared with operating profit of ¥37 million in the previous fiscal year). Although interest expense, nondeductible consumption taxes and other items increased, the improvement in operating profit resulted in a ¥10 million profit on ordinary activities, compared with a loss in the previous fiscal year (an ordinary loss of ¥19 million). Meanwhile, extraordinary income declined, mainly because gains on the sale of fixed assets and gains on the bargain purchase of negative goodwill were lower than in the previous fiscal year. Consequently, the net loss attributable to owners of the parent was ¥46 million (compared with net income attributable to owners of the parent of ¥40 million).」
Operating profit increased from ¥37 million to ¥134 million, and income on ordinary activities improved from a loss of ¥19 million to a profit of ¥10 million. However, as extraordinary income declined, net income attributable to owners of the parent of ¥40 million turned into a loss of ¥46 million. - FY2025-H1Higher operating profit and a return to a net lossAnnual report
「Operating profit for the six-month interim consolidated period was ¥17 million, up 93.4% year on year (compared with operating profit of ¥9 million in the same period of the previous fiscal year). The company reported a ¥43 million loss on ordinary activities due to interest expense, nondeductible consumption taxes and other factors (compared with an ordinary loss of ¥23 million). As extraordinary income from gains on the sale of fixed assets and other items recorded in the previous fiscal year did not recur, the interim net loss attributable to owners of the parent was ¥52 million (compared with interim net income of ¥12 million).」
Operating profit increased from ¥9 million to ¥17 million, while interest expense and other factors resulted in an ordinary loss of ¥43 million. The company also recorded an interim net loss attributable to owners of the parent of ¥52 million as extraordinary income declined. - FY2024Return to profitability for the first time in 9 fiscal yearsAnnual report
「In the fiscal year ended March 2024, the portfolio shift implemented in the previous fiscal year produced results, enabling the company to achieve annual profitability for the first time in 9 fiscal years.」
After remaining loss-making through the previous fiscal year, the company recorded operating profit of ¥37 million and net profit attributable to owners of the parent of ¥40 million in the fiscal year ended March 2024, achieving annual profitability for the first time in 9 fiscal years. - FY2024-Q3AdvancedAnnual report
「As a result, operating profit for the cumulative third quarter was ¥19 million (compared with an operating loss of ¥704 million in the same period of the previous fiscal year). The company reported a ¥22 million loss on ordinary activities due to interest expense and stock issuance costs (compared with an ordinary loss of ¥958 million), but recorded quarterly net profit attributable to owners of the parent of ¥8 million (compared with a quarterly net loss of ¥968 million), due to extraordinary income from gains on the sale of fixed assets and the reversal of the foreign currency translation adjustment account associated with the liquidation of a Chinese subsidiary, among other factors.」
For the cumulative third quarter, the company recorded operating profit of ¥19 million and quarterly net profit attributable to owners of the parent of ¥8 million, returning to profitability from the substantial operating and net losses reported in the same period of the previous fiscal year. - FY2024-Q2AdvancedAnnual report
「As a result, operating profit for the second quarter was ¥9 million (compared with an operating loss of ¥524 million in the same quarter of the previous fiscal year). The company reported a ¥23 million loss on ordinary activities due to interest expense and stock issuance costs (compared with an ordinary loss of ¥775 million), but recorded quarterly net profit attributable to owners of the parent of ¥12 million (compared with a quarterly net loss of ¥782 million), due to extraordinary income from gains on the sale of fixed assets and the reversal of the foreign currency translation adjustment account associated with the liquidation of a Chinese subsidiary, among other factors.」
For the cumulative second quarter, operating income turned from a loss of ¥524 million in the same period of the previous fiscal year to a profit of ¥9 million, and income attributable to owners of the parent turned from a loss of ¥782 million to a profit of ¥12 million. - FY2024-Q1Return to operating profitability and net incomeAnnual report
「The operating profit for the first quarter was ¥4 million (compared with an operating loss of ¥249 million in the same quarter of the previous fiscal year). The company reported a ¥15 million loss on ordinary activities due to interest expense and stock issuance costs (compared with an ordinary loss of ¥305 million), but recorded quarterly net profit attributable to owners of the parent of ¥14 million (compared with a quarterly net loss of ¥303 million), due to extraordinary income from gains on the sale of fixed assets and the reversal of the foreign currency translation adjustment account associated with the liquidation of a Chinese subsidiary.」
Although net sales declined 73.1% year on year, operating income turned from a loss of ¥249 million to a profit of ¥4 million, and income attributable to owners of the parent turned from a loss of ¥303 million to a profit of ¥14 million. The company nevertheless reported a ¥15 million loss on ordinary activities. - FY2023WorsenedAnnual report
「The operating loss for the fiscal year was ¥724 million, as the burden of the extraordinary expenses described above was substantial in addition to the significant decline in gross margin associated with inventory clearance (compared with an operating loss of ¥564 million in the previous fiscal year). The ordinary loss was ¥1,037 million, reflecting ¥28 million in foreign exchange losses resulting from the rapid depreciation of the yen and ¥149 million in borrowing fees, including arrangement fees, associated with the syndicated loan agreement announced in the 22 September 2022 notice titled “Notice Regarding Execution of Syndicated Loan Agreement,” among other factors (compared with an ordinary loss of ¥609 million).」
The full-year operating loss widened from ¥564 million to ¥724 million, and the ordinary loss from ¥609 million to ¥1,037 million. - FY2023-Q3WorsenedAnnual report
「As a result, the operating loss for the third quarter was ¥722 million, as the burden of the extraordinary expenses described above was substantial in addition to the decline in gross margin associated with inventory clearance (compared with an operating loss of ¥360 million in the same quarter of the previous fiscal year). The ordinary loss was ¥976 million, reflecting ¥22 million in foreign exchange losses resulting from the rapid depreciation of the yen and ¥145 million in borrowing fees, including arrangement fees, associated with the syndicated loan agreement announced in the 22 September 2022 notice titled “Notice Regarding Execution of Syndicated Loan Agreement,” among other factors (compared with an ordinary loss of ¥374 million). The quarterly net loss attributable to owners of the parent was ¥988 million (compared with a quarterly net loss of ¥387 million).」
Although net sales increased, the operating, ordinary and net losses all widened from the same quarter of the previous fiscal year due to the decline in gross margin associated with inventory clearance, extraordinary M&A- and borrowing-related expenses, and foreign exchange losses caused by the weaker yen. - FY2023-Q2WorsenedAnnual report
「The operating loss for the second quarter was ¥535 million, partly due to the extraordinary expenses described above (compared with an operating loss of ¥294 million in the same quarter of the previous fiscal year). The ordinary loss was ¥787 million, reflecting ¥37 million in foreign exchange losses resulting from the rapid depreciation of the yen and ¥116 million in arrangement fees associated with the syndicated loan agreement announced in the 22 September 2022 notice titled “Notice Regarding Execution of Syndicated Loan Agreement,” among other factors (compared with an ordinary loss of ¥293 million). The quarterly net loss attributable to owners of the parent was ¥793 million (compared with a quarterly net loss of ¥300 million).」
Although net sales increased, the operating loss widened from ¥294 million to ¥535 million, the ordinary loss from ¥293 million to ¥787 million, and the quarterly net loss attributable to owners of the parent from ¥300 million to ¥793 million. - FY2023-Q1WorsenedAnnual report
「As a result, the operating loss for the first quarter was ¥255 million, partly due to the extraordinary expenses described above (compared with an operating loss of ¥147 million in the same quarter of the previous fiscal year). The ordinary loss was ¥311 million, partly due to ¥26 million in foreign exchange losses resulting from the rapid depreciation of the yen (compared with an ordinary loss of ¥151 million), and the quarterly net loss attributable to owners of the parent was ¥316 million (compared with a quarterly net loss of ¥161 million).」
Although revenue increased following the consolidation of the real estate business, the operating loss, ordinary loss and net loss all widened from the same quarter of the previous fiscal year due to M&A-related expenses and foreign exchange losses. - FY2022-Q3WorsenedAnnual report
「Net sales for the third quarter were ¥3,031 million, down 11.6% year on year. The operating loss for the third quarter was ¥360 million (compared with an operating loss of ¥300 million in the same quarter of the previous fiscal year), and the ordinary loss was ¥374 million (compared with an ordinary loss of ¥283 million). The quarterly net loss attributable to owners of the parent was ¥387 million (compared with a quarterly net loss of ¥260 million).」
Cumulative net sales for the third quarter declined 11.6% year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same quarter of the previous fiscal year. - FY2022-Q2WorsenedAnnual report
「Net sales for the second quarter were ¥1,828 million, down 13.8% year on year. The operating loss for the second quarter was ¥294 million (compared with an operating loss of ¥289 million in the same quarter of the previous fiscal year), and the ordinary loss was ¥293 million (compared with an ordinary loss of ¥266 million). The quarterly net loss attributable to owners of the parent was ¥300 million (compared with a quarterly net loss of ¥274 million).」
Cumulative net sales for the second quarter declined, and the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same quarter of the previous fiscal year. - FY2022-Q1WorsenedAnnual report
「Net sales for the first quarter were ¥909 million, down 13.2% year on year. The operating loss for the first quarter was ¥147 million (compared with an operating loss of ¥133 million in the same quarter of the previous fiscal year), and the ordinary loss was ¥151 million (compared with an ordinary loss of ¥102 million). The quarterly net loss attributable to owners of the parent was ¥161 million (compared with a quarterly net loss of ¥110 million).」
First-quarter net sales declined 13.2% year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same quarter of the previous fiscal year. - FY2021Lower revenue and narrower lossesAnnual report
「Net sales for the fiscal year were ¥4,708 million, down 4.2% year on year. The operating loss for the fiscal year was ¥437 million (compared with an operating loss of ¥457 million in the previous fiscal year).」
Full-year net sales declined 4.2% year on year, while the operating loss narrowed from ¥457 million to ¥437 million and the net loss attributable to owners of the parent narrowed from ¥580 million to ¥416 million. The company remained loss-making. - FY2021-Q3Continued revenue decline and a narrower lossAnnual report
「Cumulative net sales for the third quarter were ¥3,428 million, down 3.5% year on year. As a result, the operating loss for the third quarter was ¥300 million (compared with an operating loss of ¥325 million in the same quarter of the previous fiscal year).」
Cumulative net sales for the third quarter declined 3.5% year on year, while the operating loss narrowed from ¥325 million to ¥300 million. - FY2021-Q2Continued revenue decline and a narrower lossAnnual report
「Net sales for the second quarter were ¥2,120 million, down 2.4% year on year. As a result, the operating loss for the second quarter was ¥289 million (compared with an operating loss of ¥291 million in the same quarter of the previous fiscal year).」
Cumulative net sales for the second quarter declined 2.4% year on year, while the operating loss narrowed slightly from ¥291 million to ¥289 million. - FY2021-Q1Quarterly revenue decline and a narrower lossAnnual report
「Net sales for the first quarter were ¥1,047 million, down 1.8% year on year. The operating loss for the first quarter was ¥133 million (compared with an operating loss of ¥143 million in the same quarter of the previous fiscal year). The ordinary loss was ¥102 million (compared with an ordinary loss of ¥144 million), and the quarterly net loss attributable to owners of the parent was ¥110 million (compared with a quarterly net loss attributable to owners of the parent of ¥145 million).」
Quarterly net sales declined 1.8% year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same quarter of the previous fiscal year. - FY2020Full-year confirmation of consolidated revenue growth and a narrower lossAnnual report
「As a result, the operating loss for the fiscal year was ¥457 million (compared with an operating loss of ¥622 million in the previous fiscal year), and the ordinary loss was ¥479 million (compared with an ordinary loss of ¥639 million). The net loss attributable to owners of the parent was ¥580 million (compared with a net loss of ¥654 million).」
Full-year net sales rose 21.6% year on year to ¥4,916 million following Nakanishi's inclusion as a consolidated subsidiary, and the operating, ordinary and net losses all narrowed from the previous fiscal year. However, the company remained loss-making. - FY2020-Q2Consolidated revenue growth and a narrower lossAnnual report
「Net sales for the second quarter were ¥2,172 million, up 24.7% year on year. The operating loss for the second quarter was ¥291 million (compared with an operating loss of ¥298 million in the same quarter of the previous fiscal year), and the ordinary loss was ¥297 million (compared with an ordinary loss of ¥310 million).」
Consolidated net sales increased following Nakanishi's inclusion as a consolidated subsidiary, while the operating loss, ordinary loss and net loss all narrowed from the same quarter of the previous fiscal year. By contrast, the existing apparel business reported lower sales. - FY2020-Q1Return to revenue growth alongside a wider lossAnnual report
「Net sales for the first quarter were ¥1,067 million, up 16.2% year on year. The operating loss for the first quarter was ¥143 million (compared with an operating loss of ¥138 million in the same quarter of the previous fiscal year), the ordinary loss was ¥144 million (compared with an ordinary loss of ¥138 million), and the quarterly net loss attributable to owners of the parent was ¥145 million (compared with a quarterly net loss attributable to owners of the parent of ¥141 million).」
Although net sales returned to growth following Nakanishi's inclusion as a consolidated subsidiary, the operating loss, ordinary loss and net loss all widened from the same quarter of the previous fiscal year. - FY2019WorsenedAnnual report
「As a result, the operating loss for the fiscal year was ¥622 million (compared with an operating loss of ¥387 million in the previous fiscal year), the ordinary loss was ¥639 million (compared with an ordinary loss of ¥424 million), and the net loss attributable to owners of the parent was ¥654 million (compared with a net loss of ¥469 million).」
Net sales declined 6.5% year on year, while the operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Revenue for the cumulative third-quarter period was ¥2.916 billion, down 8.1% year on year. The operating loss was ¥363 million, down 49.7% year on year, compared with an operating loss of ¥242 million in the same period of the previous year, and the ordinary loss was ¥377 million, down 37.4% year on year, compared with an ordinary loss of ¥274 million in the same period of the previous year.」
The decline in revenue widened year on year, and both the operating loss and ordinary loss increased from the same period of the previous year. - FY2019-Q2WorsenedAnnual report
「Revenue for the cumulative second-quarter period was ¥1.742 billion, down 7.3% year on year.」
After full-year revenue growth, revenue for the cumulative second quarter declined 7.3% year on year, while the operating loss widened from ¥214 million in the same period of the previous year to ¥298 million. - FY2019-Q1WorsenedAnnual report
「Revenue for the cumulative first-quarter period was ¥918 million, down 4.9% year on year.」
From the previous fiscal year's situation of revenue growth accompanied by widening losses, revenue declined in the current quarter and losses also widened from the same period of the previous year. - FY2018ReframedAnnual report
「As a result, revenue for the period was ¥4.325 billion, up 3.0% year on year. The operating loss was ¥387 million, compared with an operating loss of ¥293 million in the same period of the previous year, and the ordinary loss was ¥424 million, compared with an ordinary loss of ¥320 million in the same period of the previous year.」
While revenue shifted from a decline in the previous fiscal year to 3.0% growth in the current fiscal year, the operating loss and ordinary loss widened. - FY2017First statedAnnual report
「Although the results of these initiatives began to emerge in the second half of the fiscal year and the Company shifted to a trend of revenue growth, this was insufficient to offset the decline in the first half, resulting in lower revenue and lower profit for the consolidated fiscal year.」
Full-year revenue was ¥4.199 billion, down 0.9% year on year, and the operating loss was ¥293 million; the recovery trend in the second half did not eliminate the full-year revenue and profit declines.