Operating loss in the housing equipment business due to a decline in completed projects in the Tokyo metropolitan area

「Net sales decreased 4.9% year on year to ¥2.754 billion, reflecting the significant progress on large projects in the Tokyo metropolitan area during the same period of the previous year. Operating loss was ¥231 million, as expenses related to expanding sales of new brands, including the luxury bathtub brand HIDEO and the interior brand Tesera®, increased. The loss therefore increased from the ¥174 million operating loss recorded in the same period of the previous year.」

「Operating loss was ¥339 million, down from ¥417 million in the same period of the previous year.」

「Net sales increased 135.0% year on year to ¥2.896 billion, partly because revenue recognition was changed from recognizing revenue in full upon completion of handover to recognizing revenue based on the degree of completion, and because several projects progressed steadily in the Tokyo metropolitan and Hokuriku regions. Operating loss was ¥174 million, down from ¥219 million in the same period of the previous year.」

「Although a large new-build project was completed in Hokuriku, fewer projects were completed in the Tokyo metropolitan area than in the same period of the previous year, causing net sales to decrease 27.2% year on year to ¥5.779 billion. In addition, expenses related to new product development and showroom renovation increased, resulting in an operating loss of ¥417 million, compared with an operating loss of ¥160 million in the same period of the previous year.」

「As fewer projects were completed in the Tokyo metropolitan and Hokuriku regions than in the same period of the previous year, net sales decreased 33.9% year on year to ¥3.876 billion. Operating loss was ¥282 million, an increase from the same period of the previous year, when the operating loss was ¥62 million.」

「In addition, as fewer projects were completed in the Tokyo metropolitan and Hokuriku regions than in the same period of the previous year, net sales decreased 16.6% year on year to ¥1.232 billion. Operating loss was ¥219 million, with the loss increasing from the same period of the previous year, when the operating loss was ¥151 million.」

「Net sales increased 13.8% year on year to ¥7.940 billion, reflecting the completion of several large projects in the Tokyo metropolitan and Hokuriku regions.」

「Net sales increased 24.7% year on year to ¥5.861 billion, reflecting the completion of several large projects in the Tokyo metropolitan and Hokuriku regions. Operating loss was ¥62 million, compared with an operating loss of ¥97 million in the same period of the previous year.」

「Net sales rose 6.1% year on year to ¥1,477 million as deliveries of projects in the Hokuriku region proceeded smoothly. However, the operating loss widened to ¥151 million as the company strengthened its ability to propose and sell comprehensive residential equipment upgrades and renovation services, including by opening a new type of store in the Hokuriku region. The operating loss in the same period of the previous year was ¥147 million.」

「Net sales fell 4.9% year on year to ¥6,978 million, as multiple large-scale projects had been completed in the Tokyo metropolitan area in the same period of the previous year. In addition to lower net sales, the operating loss increased to ¥126 million as personnel expenses related to new product development and efforts to strengthen the sales structure for new services, as well as advertising and exhibition expenses to raise brand awareness, increased in the Tokyo metropolitan area and the Hokuriku region. The operating loss in the same period of the previous year was ¥59 million.」

「Net sales rose 19.2% year on year to ¥4,699 million as multiple large-scale projects were completed in the Tokyo metropolitan area. Although personnel expenses associated with strengthening the new product development structure and exhibition expenses to raise brand awareness increased, the rise in gross profit accompanying higher net sales reduced the operating loss to ¥97 million, narrowing the loss from the same period of the previous year.」

「Net sales rose 6.6% year on year to ¥1,393 million as the number of completed projects increased in the Tokyo metropolitan area.」

「Net sales rose 13.7% year on year to ¥3,943 million as the number of completed projects contributing to the cumulative consolidated second quarter increased. The operating loss was ¥155 million, narrowing from ¥185 million in the same period of the previous year.」

「Net sales rose 13.7% year on year to ¥3,943 million as the number of completed projects contributing to the cumulative consolidated second quarter increased. The operating loss was ¥155 million, narrowing from ¥185 million in the same period of the previous year.」

「Net sales fell 7.2% year on year to ¥1,306 million because completion of some projects in the Tokyo metropolitan area was deferred beyond the cumulative consolidated first quarter. The operating loss was ¥131 million, and the loss widened from the same period of the previous year as the deferral of revenue recognition for some projects reduced gross profit. The operating loss in the same period of the previous year was ¥93 million.」

「Net sales rose 15.2% year on year to ¥6,142 million as delivered projects were completed and handed over smoothly in the Tokyo metropolitan area and the Hokuriku region. The operating loss was ¥175 million, narrowing from an operating loss of ¥216 million in the same period of the previous year.」

「Net sales fell 7.8% year on year to ¥3,467 million, as the decline in completed projects contributing to the cumulative consolidated second quarter in the Tokyo metropolitan area outweighed the smooth completion and handover of delivered projects in the Hokuriku region. The operating loss was ¥185 million, compared with an operating loss of ¥132 million in the same period of the previous year.」