Establishing a stable earnings structure
First written in FY2018. 9 of 15 entries say "Advanced", first in FY2022. Latest entry: FY2026.
T.Kawabe & moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
14 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Through the implementation and advancement of Medium-Term Management Plan 2026, the company aims to establish a stable earnings structure.」
The company reframed the establishment of a stable earnings structure in connection with the new plan's numerical targets, group synergies, the conversion of all businesses into stable-earnings operations, cost reductions and productivity improvements. - FY2026-H1AdvancedAnnual report
「As a result of continuing cost measures through group collaboration and reviewing product prices from the previous consolidated fiscal year, the gross profit margin exceeded that of the same period of the previous year by 5.0 percentage points, and gross profit increased substantially.」
Group coordination, cost measures and price revisions improved results from operating and ordinary losses in the previous interim period to operating and ordinary income in the current interim period. - FY2024AdvancedAnnual report
「In the 79th fiscal year, the first year of the medium-term management plan, the group was significantly affected by foreign exchange movements and higher raw material prices. However, in line with the basic strategy, group-wide collaboration resulted in a substantial improvement in earnings, and all 3 companies, including group companies, posted operating income and ordinary income in the black.」
In the first year of the medium-term management plan, coordination across the group brought 3 companies into the black in terms of operating and ordinary income, marking progress toward establishing a stable earnings structure. - FY2024-Q3AdvancedAnnual report
「As a result, the Group reported net sales of ¥9,373 million for the nine months ended December 31, with year-on-year sales of 104.1%, operating profit of ¥0 million (operating loss of ¥88 million in the same period of the previous year), ordinary profit of ¥69 million (ordinary loss of ¥23 million), and quarterly net profit attributable to owners of the parent of ¥22 million (quarterly net loss attributable to owners of the parent of ¥60 million).」
In the cumulative third quarter of the first year of the plan, the company recorded operating income of ¥0 million, ordinary income of ¥69.62 million and quarterly net income attributable to owners of the parent of ¥22.737 million, improving profitability from the losses recorded in the same period of the previous year. - FY2024-Q2AdvancedAnnual report
「Selling, general and administrative expenses increased because of expenses for the company's centennial anniversary event and upfront investment in new projects, but higher gross profit led to substantial improvements in operating and ordinary income from the same period of the previous year.」
Although SG&A expenses increased because of spending on the company's centennial anniversary event and upfront investment in new projects, higher gross profit substantially improved operating and ordinary results from the same period of the previous year. Losses nevertheless remained. - FY2024-Q1WorsenedAnnual report
「Selling, general and administrative expenses increased. This was due to expenses for the company's centennial anniversary event and upfront investment in new projects, and was a temporary outlay. As a result, operating income and ordinary income both decreased from the same period of the previous year.」
Following the return to profitability for FY2023, operating and ordinary losses widened from the same period of the previous year in the first quarter under review because of higher SG&A expenses related to the company's centennial anniversary event and upfront investment in new projects. - FY2023AdvancedAnnual report
「The company recorded operating income of ¥123 million, compared with an operating loss of ¥214 million in the same period of the previous year; ordinary income of ¥205 million, compared with an ordinary loss of ¥122 million; and net income attributable to owners of the parent of ¥124 million, compared with a net loss attributable to owners of the parent of ¥365 million. This represented a substantial improvement from the previous consolidated fiscal year.」
The company returned to profitability for the full year in terms of operating income, ordinary income and net income attributable to owners of the parent, marking progress toward establishing a stable earnings structure. - FY2023-Q3AdvancedAnnual report
「Across all businesses, net sales increased substantially from the same period of the previous year, 1 April 2021 to 31 December 2021, and the successful reduction of inventories increased gross profit. Operating results, ordinary results and quarterly net income attributable to owners of the parent improved, resulting in a substantial improvement in profitability. For the third quarter of the consolidated fiscal year under review, from 1 October 2022 to 31 December 2022, the company recorded operating income of ¥131 million, ordinary income of ¥158 million and quarterly net income attributable to owners of the parent of ¥138 million, all in the black.」
Cumulative results improved due to higher net sales and inventory reductions, and the company recorded operating income of ¥131 million, ordinary income of ¥158 million and net income of ¥138 million for the third quarter alone. - FY2023-Q2AdvancedAnnual report
「Across all businesses, gross profit increased as a result of a substantial increase in net sales and significant progress in reducing inventories compared with the same period of the previous year. As a result, operating income, ordinary income and quarterly net income attributable to owners of the parent all increased.」
Higher net sales and progress in reducing inventories increased gross profit and improved operating results, ordinary results and quarterly net income attributable to owners of the parent from the same period of the previous year. However, all of these results remained in the red. - FY2023-Q1AdvancedAnnual report
「Across all businesses, net sales increased substantially from the same period of the previous year. Higher gross profit resulted in improved operating and ordinary results and higher quarterly net income attributable to owners of the parent.」
Operating results, ordinary results and quarterly net income attributable to owners of the parent improved from the same period of the previous year due to higher gross profit, but losses continued. - FY2022AdvancedAnnual report
「Looking only at the second half, the company was able to turn a profit at the operating income level, which is considered indicative of the strength of its core business, producing results that carry into the following fiscal year.」
The company reported an operating loss for the full year, but stated that it returned to operating profitability in the second half. - FY2022-Q2WorsenedAnnual report
「As a result, for the six-month period ended with the second quarter of the consolidated fiscal year under review, the group recorded net sales of ¥4,553 million, or 92.8% of the same period of the previous year, an operating loss of ¥391 million, an ordinary loss of ¥367 million, and a quarterly net loss attributable to owners of the parent of ¥341 million.」
While aiming to establish a stable earnings structure, the company recorded operating, ordinary and net losses for the six months ended with the second quarter, with losses widening from the same period of the previous year. - FY2022-Q1Operating and ordinary results improved, but the net loss widenedAnnual report
「Across all businesses, net sales increased slightly from the same period of the previous year. Higher gross profit improved operating and ordinary results, but the quarterly net income attributable to owners of the parent declined because of the impact of gains on sales of investment securities recorded in the same period of the previous year.」
Operating and ordinary results improved due to increases in net sales and gross profit, but quarterly net income attributable to owners of the parent declined because of the reversal of gains on sales of investment securities. - FY2021WorsenedAnnual report
「As a result, the performance of the group for the fiscal year under review was net sales of ¥11,293 million, or 76.0% of the same period of the previous year, an operating loss of ¥462 million, an ordinary loss of ¥381 million, and a net loss attributable to owners of the parent of ¥433 million.」
In the first year of the plan to establish a stable earnings structure, the company reported operating, ordinary and net losses. - FY2018First statedAnnual report
「Through the implementation and advancement of the Kawabe Co., Ltd. New Medium-Term Management Plan 2017, the company aims to establish a stable earnings structure.」
The company explicitly stated in its full-year filing that it would establish a stable earnings structure through the implementation of New Medium-Term Management Plan 2017.