Komori
Rikei (8226) · TargetRemained profitable, but earnings declinedLatest Financial results presentation (2026-08-07): "Worsened"

Return to profitability in network solutions and transition to a total-business model

First written in FY2018. 10 of 24 entries say "Worsened", first in FY2021-Q2. Latest entry: 2026-08-07.

24entries
9years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2021-Q2 – FY2022-Q2WorsenedFY2022 – FY2023-Q3OtherFY2024-Q1 – FY2025-H12018: 120182019: 220192020: 420202021: 420212022: 320222023: 320232024: 220242025: 120252026: 42026
Same theme, other companies
Turning the Solutions business profitable and maintaining profitabilityA theme 4 companies write about · 0 as a headwind · 4 as a tailwind

Rikei moved to the "Worse" side of this theme in 2021.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-07WorsenedFinancial results presentation

    「In network solutions, related products for low-Earth-orbit satellites performed well. However, sales amounted to ¥227 million, down 26.8% year on year, and the operating loss was ¥75 million, compared with an operating loss of ¥58 million in the previous corresponding period, owing to a decline in video distribution system projects caused by changes in market conditions, weakness in the wireless business caused by delays in bringing replacement products to market following the discontinuation of sales of 4.9 GHz-band products, and the absence of the large-scale delivery of related products accompanying the transition to new J-Alert receivers that took place in the previous corresponding period.」

    Although related products for low-Earth-orbit satellites performed well, network solutions recorded lower sales and a larger operating loss. The interim sales forecast was also revised downward because of delays in launching replacement products and other factors.
  2. FY2026Remained profitable, but earnings declinedAnnual report

    「In network solutions, operating income declined due to fewer high-margin projects, including video distribution systems projects and satellite communications antenna construction projects. However, low-Earth-orbit satellite-related products performed well, and the smooth delivery of products associated with the transition to new J-Alert receivers resulted in net sales that were broadly unchanged from the previous year.」

    Network solutions secured operating income of ¥17.138 million and remained profitable, but operating income declined 81.5% year on year due to fewer high-margin projects. Profitability has declined since the return to profitability.
  3. FY2026-H1WorsenedAnnual report

    「The smooth delivery of products related to the transition to new J-Alert receivers from fiscal 2025 resulted in net sales of ¥854 million, up 29.5% year on year, but the decline in high-margin projects resulted in an operating loss of ¥28 million, compared with an operating loss of ¥19 million in the same period of the previous year.」

    Sales increased due to products related to the new J-Alert receivers, but the operating loss widened from ¥19 million to ¥28 million due to fewer high-margin projects, and the business did not return to profitability.
  4. FY2025-H1Revenue up, losses narrowed, but deficit continuesAnnual report

    「In network solutions, although low-Earth-orbit satellite projects increased as demand grew for data use from defense and disaster-prevention perspectives, with the number of satellites expected to increase accordingly, net sales declined to ¥659 million, down 6.4% year on year, because the previous fiscal year included the carryover of installation support and maintenance for large projects from the preceding consolidated fiscal year. Improvements in the profit margin and expenses resulted in an operating loss of ¥19 million, compared with an operating loss of ¥56 million in the same period of the previous year.」

    Low-Earth-orbit satellite projects increased, but net sales declined. Although improvements in the profit margin and expenses narrowed the operating loss from ¥56 million to ¥19 million, the business did not return to profitability.
  5. FY2024-Q3Revenue up, losses narrowed, but deficit continuesAnnual report

    「In network solutions, the carryover of digital broadcasting equipment projects and maintenance projects from the previous consolidated fiscal year resulted in net sales of ¥875 million, up 60.5% year on year, and an operating loss of ¥16 million, compared with an operating loss of ¥155 million in the same period of the previous year.」

    The carryover of digital broadcasting equipment and maintenance projects led to higher sales, and the operating loss narrowed from ¥155 million to ¥16 million, but the business did not return to profitability.
  6. FY2024-Q2Revenue up, losses narrowed, but deficit continuesAnnual report

    「In network solutions, the carryover of digital broadcasting equipment projects from the previous consolidated fiscal year resulted in net sales of ¥551 million, up 40.1% year on year, and an operating loss of ¥35 million, compared with an operating loss of ¥94 million in the same period of the previous year.」

    The carryover of digital broadcasting equipment projects led to higher sales, and the operating loss narrowed, but the business did not return to profitability.
  7. FY2024-Q1Revenue up, losses narrowed, but deficit continuesAnnual report

    「In network solutions, the carryover of digital broadcasting equipment projects from the previous consolidated fiscal year resulted in net sales of ¥309 million, up 210.5% year on year, and an operating loss of ¥14 million, compared with an operating loss of ¥62 million in the same period of the previous year.」

    The carryover of digital broadcasting equipment projects led to a substantial increase in sales, and the operating loss narrowed from ¥62 million to ¥14 million, but the business did not return to profitability.
  8. FY2023-Q3WorsenedAnnual report

    「In network solutions, fewer video distribution systems projects resulted in net sales of ¥545 million, down 20.8% year on year, and an operating loss of ¥155 million, compared with an operating loss of ¥90 million in the same period of the previous year.」

    Sales declined due to fewer video distribution systems projects, while the operating loss widened from ¥90 million in the same period of the previous year to ¥155 million. Earnings have deteriorated relative to the target of restoring profitability.
  9. FY2023-Q1WorsenedAnnual report

    「In network solutions, sluggish projects for digital broadcasting equipment resulted in net sales of ¥99 million, down 19.1% year on year, and an operating loss of ¥62 million, compared with an operating loss of ¥62 million in the same period of the previous year.」

    Network solutions reported lower sales due to sluggish projects for digital broadcasting equipment, while the operating loss continued. Earnings have not improved toward the target of restoring profitability.
  10. FY2022WorsenedAnnual report

    「In network solutions, increases in satellite communications projects and maintenance projects resulted in net sales of ¥1,411 million, compared with ¥1,093 million in the same period of the previous year, and an operating loss of ¥89 million, compared with an operating loss of ¥48 million in the same period of the previous year.」

    Although sales increased due to growth in satellite communications and maintenance projects, the operating loss widened from ¥48.429 million in the previous year to ¥89.599 million, indicating deterioration in the business's return-to-profitability position.
  11. FY2022-Q3Revenue up, losses narrowed, but deficit continuesAnnual report

    「In network solutions, increases in satellite communications projects and maintenance projects resulted in net sales of ¥808 million, compared with ¥557 million in the same period of the previous year, and an operating loss of ¥123 million, compared with an operating loss of ¥174 million in the same period of the previous year.」

    Sales increased due to growth in satellite communications and maintenance projects, and the operating loss narrowed from the same period of the previous year, but the business did not return to profitability.
  12. FY2022-Q2WorsenedAnnual report

    「In network solutions, although disaster-prevention information systems declined, an increase in maintenance projects resulted in net sales of ¥369 million, compared with ¥367 million in the same period of the previous year, and an operating loss of ¥124 million, compared with an operating loss of ¥115 million in the same period of the previous year.」

    Although the increase in maintenance projects led to a slight increase in sales, the decline in disaster-prevention information systems also contributed to a wider operating loss than in the same period of the previous year, indicating deteriorating earnings after the return to profitability.
  13. FY2022-Q1WorsenedAnnual report

    「In network solutions, sluggish disaster-prevention information systems resulted in net sales of ¥152 million, compared with ¥154 million in the same period of the previous year, and an operating loss of ¥77 million, compared with an operating loss of ¥63 million in the same period of the previous year.」

    Sales declined due to sluggish disaster-prevention information systems, and the operating loss widened from the same period of the previous year, indicating deteriorating earnings after the return to profitability.
  14. FY2021WorsenedAnnual report

    「In network solutions, the transmission and distribution systems business was sluggish, resulting in net sales of ¥1,093 million, down 23.4% year on year, and an operating loss of ¥48 million, compared with operating income of ¥24 million in the same period of the previous year.」

    Network solutions reported lower sales due to sluggish transmission and distribution systems and moved from operating income in the previous fiscal year to an operating loss.
  15. FY2021-Q3WorsenedAnnual report

    「In network solutions, the transmission and distribution systems business was sluggish, resulting in net sales of ¥557 million, down 18.4% year on year, and an operating loss of ¥174 million, compared with an operating loss of ¥126 million in the same period of the previous year.」

    Network solutions reported lower sales due to sluggish transmission and distribution systems, while the operating loss widened from ¥126 million in the same period of the previous year to ¥174 million.
  16. FY2021-Q2WorsenedAnnual report

    「In network solutions, the transmission and distribution systems business was sluggish, resulting in net sales of ¥367 million, down 28.5% year on year, and an operating loss of ¥115 million, compared with an operating loss of ¥67 million in the same period of the previous year.」

    Network solutions reported lower sales due to sluggish transmission and distribution systems, while the operating loss widened from ¥67 million in the same period of the previous year to ¥115 million.
  17. FY2021-Q1Continued reduction in network solutions lossesAnnual report

    「In network solutions, the increase in long-distance wireless LAN resulted in net sales of ¥154 million, up 15.0% year on year, and an operating loss of ¥63 million, compared with an operating loss of ¥91 million in the same period of the previous year.」

    Net sales increased due to the growth in long-distance wireless LAN, and the operating loss narrowed from ¥91 million in the same period of the previous year to ¥63 million, but the business did not achieve profitability.
  18. FY2020AdvancedAnnual report

    「In network solutions, although projects for disaster-prevention information systems for local governments declined, satellite communications systems projects performed well, resulting in net sales of ¥1,426 million, up 4.1% year on year, and operating income of ¥24 million, up 71.6%.」

    Network solutions, which was loss-making in the cumulative second- and third-quarter periods, returned to profitability for the full year, recording operating income of ¥24.581 million on satellite communications systems projects.
  19. FY2020-Q3RestatedAnnual report

    「In network solutions, fewer transmission and distribution systems projects resulted in net sales of ¥683 million, down 18.1% year on year, and an operating loss of ¥126 million, compared with an operating loss of ¥103 million in the same period of the previous year.」

    Network solutions posted an operating loss due to fewer transmission and distribution systems projects, following the previous quarter.
  20. FY2020-Q2Return to a loss after achieving profitabilityAnnual report

    「In network solutions, the transmission and distribution systems business was sluggish, resulting in net sales of ¥513 million, down 15.0% year on year, and an operating loss of ¥67 million, compared with an operating loss of ¥46 million in the same period of the previous year.」

    Network solutions, which achieved operating profitability in the fiscal year ended March 2019, returned to an operating loss in the cumulative second-quarter period due to sluggish transmission and distribution systems.
  21. FY2019AchievedAnnual report

    「In network solutions, steady progress on the video distribution system project and a large long-distance wireless LAN project for local governments resulted in net sales of ¥1.370 billion, up 38.7% year on year, and operating income of ¥14 million, compared with an operating loss of ¥209 million in the same period of the previous year.」

    In line with the target of restoring profitability set for network solutions, the business returned to profitability, from an operating loss of ¥209 million to operating income of ¥14 million.
  22. FY2018First statedAnnual report

    「For the Transmission and Distribution Systems Sales Department, we believe that the satellite and video businesses both need to adopt an integrated model covering sales, technical support, maintenance and operations, and we will first aim to restore profitability.」

    For network solutions, the company has set a target of restoring profitability by integrating sales, technical support, maintenance and operations.
Moved together

"Risk of performance volatility arising from economic trends and the order-based sales model" moved the same way as this thread, in the same document, in 7 of its 24 moves.

775443★123456
  1. ★This thread
  2. 1Risk of performance volatility arising from economic trends and the order-based sales model7×
  3. 2Market environment risks stemming from the declining birthrate, the shift to cloud-based systems, the downturn in manufacturing, and internet distribution7×
  4. 3Active Hiring of Young Talent and Rebuilding the Talent Base5×
  5. 4Developing Solutions in Disaster Preparedness, Video and Communications, and Enhancing the Value Added of Existing Businesses4×
  6. 5Increasing awareness through corporate branding, information dissemination, and SDG initiatives4×
  7. 6Organizational Restructuring to Address Autonomous Driving, AI, IoT, 5G and VR/AR3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Rikei yet. It last moved in the Financial results presentation of 2026-08-07: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Return to profitability in network solutions and transition to a total-business model | RIKEI CORPORATION (8226) | Komori