Komori
Heiwado (8276) · FactWorsened

Higher Operating Revenue Alongside Lower Profits

First written in FY2017-Q1. 12 of 37 entries say "Restated". Latest entry: FY2027-H1.

37entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorse2016: 320162017: 420172018: 420182019: 320192020: 320202021: 320212022: 420222023: 320232024: 420242025: 120252026: 52026
Same theme, other companies
Profit Decline Despite Revenue GrowthA theme 87 companies write about · 141 as a headwind · 0 as a tailwind

Heiwado moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).

The whole theme swung hardest in 2020: 11 of 50 companies on the "Worse" side.

12 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.
Showing 14 of the 87 companies compared. The sentences above are computed from all 87.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1WorsenedAnnual report

    「Operating revenue was ¥230.489 billion, up 3.1% year on year; operating profit was ¥5.665 billion, down 17.1%; ordinary profit was ¥6.190 billion, down 17.6%; and interim net income attributable to owners of the parent was ¥3.580 billion, down 27.0%.」

    Although operating revenue increased, the declines in operating profit, ordinary profit and interim net income attributable to owners of the parent widened, strengthening the trend toward higher revenue and lower profit.
  3. FY2026ReframedAnnual report

    「For the fiscal year, operating revenue was ¥456.010 billion (up 2.5% year on year), operating profit was ¥13.313 billion (down 0.4%), ordinary profit was ¥14.605 billion (down 0.2%), and profit attributable to owners of the parent was ¥9.409 billion (down 12.3%).」

    Operating revenue increased, while operating profit, ordinary profit and profit attributable to owners of the parent declined, indicating a shift to revenue growth accompanied by lower profits.
  4. 2026-04-02ReframedEarnings

    「Operating revenue was ¥456.010 billion, up 2.5% year on year; operating profit was ¥13.313 billion, down 0.4%; ordinary profit was ¥14.605 billion, down 0.2%; and net income attributable to owners of the parent was ¥9.409 billion, down 12.3%.」

    Operating revenue increased, while operating profit, ordinary profit, and net income attributable to owners of the parent declined.
  5. FY2026-H1AdvancedAnnual report

    「Operating revenue was ¥223.539 billion (up 3.2% year on year), operating profit was ¥6.833 billion (up 8.4%, operating margin 3.1%), ordinary profit was ¥7.512 billion (up 6.3%), and interim profit attributable to owners of the parent was ¥4.904 billion (up 7.4%).」

    Operating revenue, operating profit, ordinary profit and interim profit attributable to owners of the parent all increased year on year, improving from the decline in operating profit during the previous interim period.
  6. FY2025-H1ReframedAnnual report

    「Operating revenue was ¥216.645 billion (up 4.2% year on year), operating profit was ¥6.306 billion (down 1.3%), ordinary profit was ¥7.070 billion (up 2.2%), and interim profit attributable to owners of the parent was ¥4.564 billion (up 10.5%).」

    Operating revenue, ordinary profit and interim profit attributable to owners of the parent increased, while operating profit declined, indicating a change in the earnings pattern.
  7. FY2025-Q1ReframedAnnual report

    「Operating revenue was ¥105.278 billion (up 4.3% year on year), operating profit was ¥2.833 billion (up 9.2%), ordinary profit was ¥3.213 billion (up 10.2%), and profit attributable to owners of the parent was ¥2.006 billion (up 27.6%).」

    While operating revenue, operating profit and ordinary profit increased in the previous full year, profit attributable to owners of the parent declined; in the first quarter, all items increased year on year.
  8. FY2024ReframedAnnual report

    「Operating revenue was ¥425.424 billion (up 2.3% year on year), operating profit was ¥13.257 billion (up 17.5%), ordinary profit was ¥14.482 billion (up 10.8%), and profit attributable to owners of the parent was ¥6.784 billion (down 9.7%).」

    Operating revenue, operating profit and ordinary profit exceeded the previous-year level, while profit attributable to owners of the parent declined due to losses from the Noto Peninsula Earthquake and extraordinary losses associated with store closures and the valuation of idle land.
  9. FY2024-Q3RestatedAnnual report

    「Operating revenue was ¥312.498 billion (up 2.2% year on year), operating profit was ¥8.275 billion (up 18.4%), ordinary profit was ¥9.121 billion (up 14.2%), and profit attributable to owners of the parent was ¥5.400 billion (up 12.8%).」

    Operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent all continued to exceed the previous-year level.
  10. FY2024-Q2AdvancedAnnual report

    「Operating revenue was ¥207.960 billion (up 2.3% year on year), operating profit was ¥6.386 billion (up 32.3%), ordinary profit was ¥6.916 billion (up 24.2%), and profit attributable to owners of the parent was ¥4.129 billion (up 38.5%).」

    Operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the previous-year level, with growth rates of 32.3% for operating profit, 24.2% for ordinary profit and 38.5% for profit attributable to owners of the parent.
  11. FY2024-Q1AdvancedAnnual report

    「Operating revenue was ¥100.905 billion (up 2.2% year on year), operating profit was ¥2.595 billion (up 37.7%), ordinary profit was ¥2.915 billion (up 32.4%), and profit attributable to owners of the parent was ¥1.572 billion (up 30.7%).」

    Operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent all exceeded the previous-year level, improving from the decline in all items during the previous full year.
  12. FY2023RestatedAnnual report

    「For the fiscal year, operating revenue was ¥415.675 billion (compared with ¥439.740 billion in the previous year), operating profit was ¥11.279 billion (compared with ¥15.362 billion), ordinary profit was ¥13.069 billion (compared with ¥16.952 billion), and profit attributable to owners of the parent was ¥7.516 billion (compared with ¥10.647 billion).」

    Following revenue and profit growth in the previous year, all items, including operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent, were below the previous-year level for the full year.
  13. FY2023-Q3RestatedAnnual report

    「As a result, for the cumulative third quarter of the fiscal year, operating revenue was ¥305.743 billion (compared with ¥322.707 billion in the previous year), operating profit was ¥6.989 billion (compared with ¥9.863 billion), ordinary profit was ¥7.986 billion (compared with ¥10.833 billion), and profit attributable to owners of the parent was ¥4.787 billion (compared with ¥7.270 billion).」

    All items, including operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent, continued to fall below the previous-year level.
  14. FY2023-Q2WorsenedAnnual report

    「As a result, for the cumulative second quarter of the fiscal year, operating revenue was ¥203.210 billion (compared with ¥215.961 billion in the previous year), operating profit was ¥4.825 billion (compared with ¥7.054 billion), ordinary profit was ¥5.567 billion (compared with ¥7.659 billion), and profit attributable to owners of the parent was ¥2.982 billion (compared with ¥5.149 billion).」

    All items, including operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent, were below the previous-year level. The application of the revenue recognition accounting standard also reduced operating revenue by ¥12,286 million.
  15. FY2023-Q1ReframedAnnual report

    「Operating revenue was ¥98.747 billion (compared with ¥104.911 billion in the previous year), operating profit was ¥1.885 billion (compared with ¥2.896 billion), ordinary profit was ¥2.201 billion (compared with ¥3.243 billion), and profit attributable to owners of the parent was ¥1.203 billion (compared with ¥2.038 billion).」

    Following revenue and profit growth for the previous full year, all items, including operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent, fell below the previous-year level in the first quarter.
  16. FY2022RestatedAnnual report

    「Operating revenue was ¥439.740 billion (up 0.1% year on year), operating profit was ¥15.362 billion (up 9.4%), ordinary profit was ¥16.952 billion (up 12.6%), and profit attributable to owners of the parent was ¥10.647 billion (up 9.5%).」

    For the full year, operating revenue and all profit measures increased year on year, confirming the improvement in profitability through the third quarter.
  17. FY2022-Q3RestatedAnnual report

    「As a result, for the cumulative third quarter of the fiscal year, operating revenue was ¥322.707 billion (up 0.6% year on year), operating profit was ¥9.863 billion (up 7.7%), ordinary profit was ¥10.833 billion (up 8.6%), and profit attributable to owners of the parent was ¥7.270 billion (up 14.8%).」

    Operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent all continued to increase year on year.
  18. FY2022-Q2RestatedAnnual report

    「Operating revenue was ¥215.961 billion (up 1.7% year on year), operating profit was ¥7.054 billion (up 21.4%), ordinary profit was ¥7.659 billion (up 19.2%), and profit attributable to owners of the parent was ¥5.149 billion (up 33.8%).」

    Operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent all increased year on year, reaffirming the trend.
  19. FY2022-Q1AdvancedAnnual report

    「Operating revenue was ¥104.911 billion (up 3.8% year on year), operating profit was ¥2.896 billion (up 87.9%), ordinary profit was ¥3.243 billion (up 87.2%), and profit attributable to owners of the parent was ¥2.038 billion (up 450.6%).」

    Operating revenue and all profit measures exceeded the previous year, with profit attributable to owners of the parent particularly strong at 450.6% growth year on year.
  20. FY2021-Q3AdvancedAnnual report

    「Operating revenue was ¥320.926 billion (up 0.6% year on year), operating profit was ¥9.158 billion (up 31.7%), ordinary profit was ¥9.976 billion (up 32.9%), and profit attributable to owners of the parent was ¥6.335 billion (up 30.3%).」

    Operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent all increased year on year, with the growth rates for profit also shown.
  21. FY2021-Q2AdvancedAnnual report

    「As a result, for the cumulative second quarter of the fiscal year, operating revenue was ¥212.347 billion (down 0.5% year on year), operating profit was ¥5.811 billion (up 4.8%), ordinary profit was ¥6.425 billion (up 9.7%), and profit attributable to owners of the parent was ¥3.847 billion (up 2.7%).」

    Although operating revenue declined, operating profit, ordinary profit and profit attributable to owners of the parent all increased year on year, indicating an improvement in profitability from the previous quarter, when all items declined.
  22. FY2021-Q1WorsenedAnnual report

    「Operating revenue was ¥101.114 billion (down 2.8% year on year), operating profit was ¥1.541 billion (down 38.5%), ordinary profit was ¥1.733 billion (down 34.6%), and profit attributable to owners of the parent was ¥370 million (down 75.3%).」

    All items, including operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent, declined year on year, with net profit down 75.3%.
  23. FY2020-Q2RestatedAnnual report

    「As a result, for the cumulative second quarter of the fiscal year, operating revenue was ¥213.328 billion (down 0.6% year on year), operating profit was ¥5.547 billion (down 15.1%), ordinary profit was ¥5.858 billion (down 16.2%), and profit attributable to owners of the parent was ¥3.748 billion (down 16.4%).」

    All items, including operating revenue, operating profit, ordinary profit and profit attributable to owners of the parent, continued to decline year on year.
  24. FY2020-Q1WorsenedAnnual report

    「Operating revenue was ¥103.974 billion, down 0.5% year on year; operating profit was ¥2.506 billion, down 10.9%; ordinary profit was ¥2.651 billion, down 16.8%; and quarterly net income attributable to owners of the parent was ¥1.499 billion, down 29.6%.」

    All items, including operating revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent, declined year on year. The decline in net income attributable to owners of the parent was particularly pronounced at 29.6%.
  25. FY2019WorsenedAnnual report

    「Operating revenue was ¥437.636 billion, down 0.1% year on year; operating profit was ¥13.550 billion, down 2.7%; ordinary profit was ¥14.515 billion, down 1.9%; and net income attributable to owners of the parent was ¥8.585 billion, down 9.0%.」

    All items, including operating revenue, operating profit, ordinary profit and net income attributable to owners of the parent, declined year on year, reversing the profit improvement seen for the previous full fiscal year and the nine-month cumulative period.
  26. FY2019-Q3RestatedAnnual report

    「As a result, consolidated results for the nine months ended the third quarter were operating revenue of ¥320.776 billion, up 0.2% year on year; operating profit of ¥8.867 billion, up 8.1%; ordinary profit of ¥9.549 billion, up 8.2%; and quarterly net income attributable to owners of the parent of ¥6.205 billion, up 9.9%.」

    Operating revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all continued to increase year on year.
  27. FY2019-Q2AdvancedAnnual report

    「As a result, consolidated results for the six months ended the second quarter were operating revenue of ¥214.643 billion, up 0.4% year on year; operating profit of ¥6.533 billion, up 16.0%; ordinary profit of ¥6.986 billion, up 14.6%; and quarterly net income attributable to owners of the parent of ¥4.482 billion, up 15.6%.」

    Operating revenue increased year on year, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent also increased year on year. Performance improved from the previous fiscal year's declining profit trend and the previous quarter's decline in operating profit.
  28. FY2019-Q1AdvancedAnnual report

    「Operating revenue was ¥104.458 billion, down 0.0% year on year; operating profit was ¥2.814 billion, up 13.0%; ordinary profit was ¥3.185 billion, up 13.9%; and quarterly net income attributable to owners of the parent was ¥2.128 billion, up 10.9%.」

    Operating revenue was essentially flat year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the previous year. Performance improved from the previous fiscal year's declining profit trend.
  29. FY2018ReframedAnnual report

    「As a result, consolidated results for the fiscal year were operating revenue of ¥438.132 billion, up 0.1% year on year; operating profit of ¥13.919 billion, down 9.3%; ordinary profit of ¥14.8 billion, down 5.4%; and net income attributable to owners of the parent of ¥9.438 billion, up 2.4%.」

    The pattern changed from declines in all items year on year for the nine-month cumulative period to higher operating revenue and net income attributable to owners of the parent and lower operating profit and ordinary profit for the full fiscal year.
  30. FY2018-Q3WorsenedAnnual report

    「As a result, consolidated results for the nine months ended the third quarter were operating revenue of ¥320.044 billion, down 0.6% year on year; operating profit of ¥8.203 billion, down 17.2%; ordinary profit of ¥8.823 billion, down 12.9%; and quarterly net income attributable to owners of the parent of ¥5.648 billion, down 4.9%.」

    All of operating revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined year on year. This also marked a change from the previous quarter's increase in net income, and the declines in operating profit and ordinary profit widened.
  31. FY2018-Q2RestatedAnnual report

    「Operating revenue was ¥213.886 billion, down 0.9% year on year; operating profit was ¥5.629 billion, down 15.4%; ordinary profit was ¥6.095 billion, down 8.9%; and quarterly net income attributable to owners of the parent was ¥3.878 billion, up 2.3%.」

    Operating revenue, operating profit and ordinary profit remained below the previous year, while quarterly net income attributable to owners of the parent increased.
  32. FY2018-Q1ReframedAnnual report

    「Operating revenue was ¥104.467 billion, down 1.6% year on year; operating profit was ¥2.491 billion, down 14.2%; ordinary profit was ¥2.795 billion, down 6.8%; and quarterly net income attributable to owners of the parent was ¥1.919 billion, up 1.7%.」

    The pattern changed from slightly higher operating revenue and lower profit across the board in the previous period to lower operating revenue, operating profit and ordinary profit, while quarterly net income attributable to owners of the parent increased.
  33. FY2017RestatedAnnual report

    「Operating revenue was ¥437.587 billion, up 0.1% year on year; operating profit was ¥15.344 billion, down 3.1%; ordinary profit was ¥15.643 billion, down 6.1%; and net income attributable to owners of the parent was ¥9.216 billion, down 3.7%.」

    For the full fiscal year as well, operating revenue increased slightly, while operating profit, ordinary profit and net income attributable to owners of the parent fell below the previous year.
  34. FY2017-Q3RestatedAnnual report

    「As a result, consolidated results for the nine months ended the third quarter were operating revenue of ¥321.985 billion, up 0.4% year on year; operating profit of ¥9.909 billion, down 3.6%; ordinary profit of ¥10.131 billion, down 6.9%; and quarterly net income attributable to owners of the parent of ¥5.939 billion, down 8.8%.」

    The year-on-year increase in operating revenue and declines in operating profit, ordinary profit and net income attributable to owners of the parent continued through the nine-month cumulative period.
  35. FY2017-Q2RestatedAnnual report

    「As a result, consolidated results for the six months ended the second quarter were operating revenue of ¥215.732 billion, up 0.3% year on year; operating profit of ¥6.657 billion, down 8.2%; ordinary profit of ¥6.694 billion, down 13.0%; and quarterly net income attributable to owners of the parent of ¥3.790 billion, down 19.3%.」

    The year-on-year increase in operating revenue and declines in operating profit, ordinary profit and net income attributable to owners of the parent continued for the cumulative period.
  36. FY2017-Q1First statedAnnual report

    「As a result, the group's consolidated results for the first quarter were operating revenue of ¥106.192 billion, up 1.0% year on year; operating profit of ¥2.902 billion, down 2.2%; ordinary profit of ¥2.998 billion, down 8.0%; and net income attributable to owners of the parent of ¥1.887 billion, down 6.6%.」

    Operating revenue increased 1.0% year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined.
Moved together

"Higher Revenue, Lower Profit in Retail Business" moved the same way as this thread, in the same document, in 17 of its 37 moves.

171312121111★123456
  1. ★This thread
  2. 1Higher Revenue, Lower Profit in Retail Business17×
  3. 2Impact of Foreign-Exchange Movements and Slowing Chinese Growth on the China Business13×
  4. 3Intensifying Competition from Other Industries and Sluggish Consumption Driven by Consumers' Thriftiness12×
  5. 4Declining Revenue and Profit in Other Businesses12×
  6. 5Business Environment Instability From Yen Appreciation, Falling Share Prices and Slowing Emerging-Market Economies11×
  7. 6Increase in Cash and Cash Equivalents11×

★ 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 Heiwado yet. It last moved in the Earnings of 2026-10-01: "Reframed".
News
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Higher Operating Revenue Alongside Lower Profits | HEIWADO CO.,LTD. (8276) | Komori