Widening of company-wide losses
First written in FY2016-Q3. 7 of 35 entries say "Worsened", first in FY2016. Latest entry: FY2026-H1.
FinTech Global moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 15 of 56 companies on the "Worse" side.
14 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Revenue was ¥8,011 million, up 17.9% year on year, and gross profit was ¥5,606 million, up 30.6%. Selling, general and administrative expenses rose 20.5% year on year to ¥3,053 million due to higher fixed costs, including personnel expenses and rent, resulting from higher salaries, increased staffing and office expansion, as well as higher miscellaneous expenses associated with business expansion. However, the increase in gross profit absorbed these costs, resulting in operating income of ¥2,553 million, up 45.1%, and ordinary income of ¥2,358 million, up 37.8%. Interim net income attributable to owners of the parent rose 147.3% year on year to ¥3,192 million.」
The increase in revenue and gross profit absorbed the increase in fixed and miscellaneous expenses, resulting in operating income of ¥2,553 million, ordinary income of ¥2,358 million and interim net income attributable to owners of the parent of ¥3,192 million. All profit figures increased year on year. - 2026-05-12AdvancedEarnings
「Operating profit was ¥2,553 million, up 45.1% year on year, and ordinary profit was ¥2,358 million, up 37.8%.」
Operating profit and ordinary profit increased year on year, demonstrating the expansion of the company-wide profit level in the interim period. - FY2025AdvancedAnnual report
「Operating income was ¥3,406 million, up 32.5% from the previous consolidated fiscal year, due to higher gross profit, and ordinary income was ¥3,242 million, up 31.7%. Net income attributable to owners of the parent was ¥2,121 million, up 26.6%, despite the recognition of a ¥485 million bad debt loss on loans related to a new project as an extraordinary loss.」
Although a ¥485 million bad debt loss was recognized, operating income was ¥3,406 million, ordinary income was ¥3,242 million and net income attributable to owners of the parent was ¥2,121 million, with all profit levels expanding from the previous fiscal year. - FY2025-H1Operating and ordinary income increased, while net income attributable to owners of the parent was nearly flatAnnual report
「Revenue was ¥6,797 million, up 3.7% year on year, and gross profit was ¥4,294 million, up 11.0%. Selling, general and administrative expenses rose 14.1% year on year to ¥2,534 million due to higher advertising and promotional expenses from the increase in subsidiaries and intensified promotion at Metsä. However, operating income increased 6.9% to ¥1,759 million due to higher gross profit, and ordinary income increased 7.8% to ¥1,711 million. Interim net income attributable to owners of the parent fell 0.1% year on year to ¥1,291 million.」
Revenue, gross profit, operating income and ordinary income increased year on year, while interim net income attributable to owners of the parent was nearly flat, down 0.1%. - FY2024-Q2AdvancedAnnual report
「Operating income was ¥1,646 million, up 154.9% year on year, due to higher gross profit, and ordinary income was ¥1,588 million, up 152.7%. Quarterly net income attributable to owners of the parent was ¥1,117 million, up 134.1%, due in part to the recognition of a ¥66 million gain on negative goodwill as extraordinary income.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent for the cumulative second quarter period all increased significantly year on year, expanding the company's overall profit level. - FY2024-Q1AdvancedAnnual report
「Operating income was ¥976 million, up 35.5% year on year, due to higher gross profit, ordinary income was ¥953 million, up 36.3%, and quarterly net income attributable to owners of the parent was ¥589 million, up 17.0%.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent all increased year on year in the first quarter, expanding the company's overall profit level. - FY2023Significant expansion in full-year profitAnnual report
「Operating income was ¥1,343 million, up 128.7% from the previous consolidated fiscal year, ordinary income was ¥1,277 million, up 136.1%, and net income attributable to owners of the parent was ¥1,603 million, up 810.4%.」
Operating income, ordinary income and full-year net income attributable to owners of the parent all increased significantly from the previous fiscal year due to the expansion of the investment banking business, gains on the sale of RBJ shares and gains on negative goodwill, among other factors. - FY2023-Q3Significant expansion in cumulative profitAnnual report
「Operating income was ¥1,142 million, up 661.0% year on year, and ordinary income was ¥1,084 million, up 851.1%. Quarterly net income attributable to owners of the parent was ¥781 million, compared with a loss of ¥140 million in the same period of the previous year, due to the recognition of a ¥190 million gain on negative goodwill as extraordinary income following the conversion of ㈱トリニティジャパン into a consolidated subsidiary.」
For the cumulative third quarter period, operating income was ¥1,142 million, ordinary income was ¥1,084 million and quarterly net income attributable to owners of the parent was ¥781 million, representing a significant expansion in profit from the same period of the previous year. - FY2023-Q2Cumulative operating, ordinary and net income turned profitableAnnual report
「Operating income was ¥645 million, compared with an operating loss of ¥39 million in the same period of the previous year, and ordinary income was ¥628 million, compared with an ordinary loss of ¥51 million. Quarterly net income attributable to owners of the parent was ¥477 million, compared with a loss of ¥203 million, due to the recognition of a ¥190 million gain on negative goodwill as extraordinary income following the conversion of ㈱トリニティジャパン into a consolidated subsidiary.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year into income of ¥645 million, ¥628 million and ¥477 million, respectively. - FY2023-Q1Significant improvement in quarterly profitAnnual report
「Selling, general and administrative expenses rose 5.1% year on year to ¥877 million due to an increase in personnel to support business expansion and greater outsourcing of certain operations. However, operating income reached ¥720 million, up 1,046.7%, due to higher gross profit, ordinary income was ¥699 million, up 1,673.7%, and quarterly net income attributable to owners of the parent was ¥503 million, compared with a loss of ¥47 million in the same period of the previous year.」
Although costs increased due to additional personnel and outsourcing, the company posted operating income of ¥720 million, ordinary income of ¥699 million and quarterly net income attributable to owners of the parent of ¥503 million, turning from a loss attributable to owners of the parent in the same period of the previous year to income. - FY2022Full-year profit growthAnnual report
「Operating income was ¥587 million, up 230.0% from the previous consolidated fiscal year, ordinary income was ¥540 million, up 366.9%, and net income attributable to owners of the parent was ¥176 million, up 34.6%.」
Operating income, ordinary income and full-year net income attributable to owners of the parent all remained profitable and increased from the previous fiscal year. - FY2022-Q3Operating and ordinary income remained profitable, while the parent-company net result turned into a lossAnnual report
「Selling, general and administrative expenses rose 6.3% year on year to ¥2,530 million due to an increase in personnel to support business expansion and greater outsourcing of operations. As a result, operating income was ¥150 million, down 67.7% year on year, and ordinary income was ¥114 million, down 73.9%. The quarterly net loss attributable to owners of the parent was ¥140 million, compared with net income of ¥319 million in the same period of the previous year, reflecting quarterly net income attributable to non-controlling interests of ¥185 million.」
Operating and ordinary income remained profitable, although both declined significantly year on year, while the quarterly net result attributable to owners of the parent turned from income of ¥319 million to a loss of ¥140 million. - FY2022-Q2Turned from profit to lossAnnual report
「Selling, general and administrative expenses rose 6.9% year on year to ¥1,649 million due to an increase in personnel to support business expansion and greater outsourcing of operations. As a result, the operating loss was ¥39 million, compared with operating income of ¥840 million in the same period of the previous year, the ordinary loss was ¥51 million, compared with ordinary income of ¥831 million, and the quarterly net loss attributable to owners of the parent was ¥203 million, compared with net income of ¥618 million, reflecting quarterly net income attributable to non-controlling interests of ¥122 million.」
Operating income of ¥840 million, ordinary income of ¥831 million and quarterly net income attributable to owners of the parent of ¥618 million in the same period of the previous year all turned into losses in the current cumulative quarter. - FY2022-Q1Quarterly operating and ordinary income remained profitable, while the net loss attributable to owners of the parent narrowedAnnual report
「Operating income was ¥62 million, up 18.3% year on year, and ordinary income was ¥39 million, up 328.0%. The quarterly net loss attributable to owners of the parent was ¥47 million, compared with a loss of ¥63 million in the same period of the previous year, reflecting quarterly net income attributable to non-controlling interests of ¥60 million.」
Operating and ordinary income remained profitable, while the quarterly net loss attributable to owners of the parent narrowed from ¥63 million in the same period of the previous year to ¥47 million. - FY2021Returned to profit for the full yearAnnual report
「Operating income was ¥178 million, compared with an operating loss of ¥992 million in the previous consolidated fiscal year, ordinary income was ¥115 million, compared with an ordinary loss of ¥1,135 million, and net income attributable to owners of the parent was ¥130 million, compared with a loss of ¥1,186 million.」
Operating income, ordinary income and net income attributable to owners of the parent all turned from losses in the previous fiscal year into full-year income in the fiscal year ending September 2021. - FY2021-Q3Operating, ordinary and net income turned profitable for the cumulative third quarter periodAnnual report
「Selling, general and administrative expenses fell 7.1% year on year to ¥2,381 million as company-wide cost reductions, led by Metsä, had been pursued since the previous fiscal year. As a result, operating income was ¥465 million, compared with an operating loss of ¥893 million in the same period of the previous year, ordinary income was ¥437 million, compared with an ordinary loss of ¥989 million, and quarterly net income attributable to owners of the parent was ¥319 million, compared with a loss of ¥1,045 million.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year into income of ¥465 million, ¥437 million and ¥319 million, respectively, for the cumulative third quarter period. - FY2021-Q2Operating, ordinary and net income turned profitable in the first halfAnnual report
「Selling, general and administrative expenses fell 14.1% year on year to ¥1,543 million as company-wide cost reductions, led by Metsä, had been pursued since the previous fiscal year. As a result, operating income was ¥840 million, compared with an operating loss of ¥495 million in the same period of the previous year, ordinary income was ¥831 million, compared with an ordinary loss of ¥560 million, and quarterly net income attributable to owners of the parent was ¥618 million, compared with a loss of ¥581 million.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year into income of ¥840 million, ¥831 million and ¥618 million, respectively, for the cumulative second quarter period. - FY2021-Q1Quarterly operating profit achieved and losses reducedAnnual report
「Selling, general and administrative expenses fell 19.1% year on year to ¥772 million as company-wide cost reductions, led by Metsä, had been pursued since the previous fiscal year. As a result, operating income was ¥53 million, compared with an operating loss of ¥258 million in the same period of the previous year, and ordinary income was ¥9 million, compared with an ordinary loss of ¥297 million. The quarterly net loss attributable to owners of the parent was ¥63 million, compared with a loss of ¥284 million in the same period of the previous year, reflecting quarterly net income attributable to non-controlling interests of ¥52 million.」
Company-wide cost reductions resulted in operating income of ¥53 million and ordinary income of ¥9 million, bringing both operating and ordinary income into the black from losses in the same period of the previous year. The quarterly net loss attributable to owners of the parent also narrowed from ¥284 million to ¥63 million. - FY2020Full-year losses narrowedAnnual report
「Operating loss was ¥992 million, compared with a loss of ¥1,664 million in the previous consolidated fiscal year, and ordinary loss was ¥1,135 million, compared with a loss of ¥1,850 million. Net loss for the period attributable to owners of the parent was ¥1,186 million, compared with a loss of ¥1,586 million, due to recognition of ¥292 million in extraordinary losses, including fixed costs such as personnel and depreciation expenses during the temporary closure of Moominvalley Park, and a ¥327 million net loss for the period attributable to non-controlling interests.」
Although revenue declined, operating loss, ordinary loss, and net loss for the period attributable to owners of the parent all narrowed from the previous fiscal year due to cost reductions and lower temporary expenses. - FY2020-Q3Losses continued to narrowAnnual report
「Selling, general and administrative expenses decreased 28.4% year on year to ¥2,563 million as opening-preparation costs for Metsä and other temporary expenses recorded in the first nine months of the previous year ended, and personnel costs and other expenses declined. As a result, operating loss was ¥893 million, compared with a loss of ¥1,307 million, and ordinary loss was ¥989 million, compared with a loss of ¥1,445 million. Net loss for the quarter attributable to owners of the parent was ¥1,045 million, compared with a loss of ¥1,210 million, due to recognition of ¥292 million in extraordinary losses, including fixed costs such as personnel and depreciation expenses during the temporary closure of Moominvalley Park, and a ¥279 million quarterly net loss attributable to non-controlling interests.」
Declines in Metsä opening-preparation and other costs narrowed operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent from the same period of the previous year. However, ¥292 million in extraordinary losses was recorded due to the temporary closure, and losses continued. - FY2020-Q2Narrower LossesAnnual report
「Revenue increased 30.3% year on year to ¥4,269 million and gross profit increased 36.8% to ¥1,301 million. Selling, general and administrative expenses decreased 25.7% to ¥1,796 million as opening-preparation costs for Metsä recorded in the second quarter of the previous year, other temporary expenses, and personnel costs declined. As a result, operating loss was ¥495 million, compared with a loss of ¥1,467 million, ordinary loss was ¥560 million, compared with a loss of ¥1,567 million, and net loss for the quarter attributable to owners of the parent was ¥581 million, compared with a loss of ¥1,244 million.」
Revenue and gross profit increased, while declines in opening-preparation and other costs narrowed operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent from the same period of the previous year. However, results remained in loss. - FY2020-Q1Narrower LossesAnnual report
「Revenue increased 116.6% year on year to ¥2,209 million, cost of sales increased 167.9% to ¥1,512 million, and gross profit increased 53.0% to ¥696 million. Selling, general and administrative expenses decreased 20.6% to ¥955 million, partly because opening-preparation and other temporary costs had been recorded in the first quarter of the previous year. As a result, operating loss was ¥258 million, compared with a loss of ¥747 million, and ordinary loss was ¥297 million, compared with a loss of ¥804 million. Net loss for the quarter attributable to owners of the parent was ¥284 million, compared with a loss of ¥599 million, due to a ¥12 million quarterly net loss attributable to non-controlling interests.」
Revenue and gross profit increased and selling, general and administrative expenses declined, resulting in narrower operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent year on year. However, operating, ordinary, and net results all remained in loss. - FY2019WorsenedAnnual report
「Operating loss was ¥1,664 million, compared with a loss of ¥1,072 million in the previous consolidated fiscal year. Ordinary loss was ¥1,850 million, compared with a loss of ¥1,227 million, and net loss for the period attributable to owners of the parent was ¥1,586 million, compared with a loss of ¥820 million.」
Although revenue increased to ¥9,175 million, operating loss, ordinary loss, and net loss for the period attributable to owners of the parent all widened from the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Revenue increased 192.5% year on year to ¥6,689 million, reflecting the opening of Metsä and the increase in subsidiaries since the second quarter of the fiscal year ended September 2018. Cost of sales increased 356.4% to ¥4,413 million due to purchases of goods and materials for Metsä's retail and food-service operations, miscellaneous expenses, labor costs, the increase in subsidiaries, and impairment losses on corporate investments. Gross profit increased 72.4% to ¥2,275 million. Selling, general and administrative expenses increased 48.4% to ¥3,582 million due to higher personnel costs from increased staffing in the investment banking business and higher Metsä-related expenses, as well as the increase in subsidiaries. As a result, operating loss was ¥1,307 million, compared with a loss of ¥1,095 million. Ordinary loss was ¥1,445 million, compared with a loss of ¥1,197 million, due to recognition of ¥105 million in interest expense. Net loss for the quarter attributable to owners of the parent was ¥1,210 million, compared with a loss of ¥874 million, due to a ¥120 million extraordinary gain from a gain on changes in equity interests related to ㈱アダコテック's third-party allotment of shares and other transactions, and a ¥141 million quarterly net loss attributable to non-controlling interests.」
Although revenue and gross profit increased, operating loss widened from ¥1,095 million to ¥1,307 million, ordinary loss from ¥1,197 million to ¥1,445 million, and net loss for the quarter attributable to owners of the parent from ¥874 million to ¥1,210 million. - FY2019-Q2WorsenedAnnual report
「Revenue increased 91.3% year on year to ¥3,277 million, reflecting the opening of Metsä and the increase in subsidiaries since the second quarter of the fiscal year ended September 2018. Cost of sales increased 213.3% to ¥2,327 million due to purchases of goods and materials, miscellaneous expenses, and labor costs for Metsä, as well as the increase in subsidiaries and impairment losses on corporate investments. Gross profit was ¥950 million, down 2.0%. Selling, general and administrative expenses increased 53.0% to ¥2,418 million due to higher personnel, advertising, and other expenses related to Metsä, as well as the increase in subsidiaries. As a result, operating loss was ¥1,467 million, compared with a loss of ¥610 million, and ordinary loss was ¥1,567 million, compared with a loss of ¥706 million. Net loss for the quarter attributable to owners of the parent was ¥1,244 million, compared with a loss of ¥414 million, due to a ¥339 million quarterly net loss attributable to non-controlling interests.」
Although revenue increased, Metsä-related costs, the increase in subsidiaries, impairment losses on corporate investments, and other factors widened operating loss to ¥1,467 million, ordinary loss to ¥1,567 million, and net loss for the quarter attributable to owners of the parent to ¥1,244 million. - FY2019-Q1WorsenedAnnual report
「Revenue increased 66.8% year on year to ¥1,020 million despite the absence of investment exits, due to higher service revenue, mainly from real estate asset management and M&A-related services, as well as the contribution from the increase in subsidiaries since the second quarter of the previous consolidated fiscal year. Cost of sales increased 223.7% to ¥564 million due to operating costs for Metsä Village and the increase in subsidiaries, limiting gross profit to ¥455 million, up 4.2%. Selling, general and administrative expenses increased 77.3% to ¥1,202 million due to higher operating costs for Metsä Village, increased opening-preparation costs for Moominvalley Park, and the increase in subsidiaries. As a result, operating loss was ¥747 million, compared with a loss of ¥241 million, and ordinary loss was ¥804 million, compared with a loss of ¥261 million. Net loss for the quarter attributable to owners of the parent was ¥599 million, compared with profit of ¥40 million, due to a ¥211 million quarterly net loss attributable to non-controlling interests.」
Although revenue increased due to commissioned services and the increase in subsidiaries, higher Metsä operating costs, opening-preparation costs, and subsidiary expenses widened operating loss to ¥747 million and ordinary loss to ¥804 million. Net income attributable to owners of the parent also turned from profit of ¥40 million to a loss of ¥599 million. - FY2018-Q3WorsenedAnnual report
「Selling, general and administrative expenses increased 17.7% year on year to ¥2,415 million due to recognition of ¥600 million in Metsä-related expenses and ¥880 million in company-wide expenses, despite the elimination of real estate business expenses. The aircraft asset management company that contributed to higher gross profit in the investment banking business had a high SG&A ratio, so its impact on operating results was limited. Operating loss was therefore ¥1,095 million, compared with a loss of ¥547 million. Ordinary loss was ¥1,197 million, compared with a loss of ¥534 million, due to recognition of ¥50 million in interest expense and a ¥41 million foreign-exchange loss. Net loss for the quarter attributable to owners of the parent was ¥874 million, compared with a loss of ¥551 million, as a ¥267 million gain on the sale of shares in an affiliated company was recognized as an extraordinary gain from the sale of shares in a real estate business subsidiary.」
Due in part to higher Metsä-related and company-wide expenses, operating loss widened from ¥547 million to ¥1,095 million, ordinary loss from ¥534 million to ¥1,197 million, and net loss for the quarter attributable to owners of the parent from ¥551 million to ¥874 million. - FY2018-Q2WorsenedAnnual report
「Revenue declined 57.8% year on year to ¥1,713 million, mainly because all subsidiaries in the real estate business, which had generated revenue of ¥2,003 million in the first half of the previous fiscal year, were excluded from the scope of consolidation. Gross profit was ¥970 million, down 18.3%. Selling, general and administrative expenses increased 19.1% to ¥1,581 million despite the elimination of real estate business expenses, due to ¥340 million in costs for establishing an operating structure to satisfy the many visitors expected at Metsä, which was preparing to open, and temporarily higher rent and other lease expenses following the head-office relocation. As a result, operating loss was ¥610 million, compared with a loss of ¥139 million. Ordinary loss was ¥706 million, compared with a loss of ¥101 million, due to recognition of a ¥59 million foreign-exchange loss. Net loss for the quarter attributable to owners of the parent was ¥414 million, compared with a loss of ¥122 million, as a ¥267 million gain on the sale of shares in an affiliated company was recognized as an extraordinary gain from the sale of shares in a real estate business subsidiary.」
Revenue and gross profit declined year on year, while operating loss widened from ¥139 million to ¥610 million, ordinary loss from ¥101 million to ¥706 million, and net loss from ¥122 million to ¥414 million. - FY2018-Q1Shift to operating and ordinary losses, decline in net profitAnnual report
「Operating loss was ¥241 million, compared with operating profit of ¥72 million in the same period of the previous year, and ordinary loss was ¥261 million, compared with ordinary profit of ¥173 million. Net profit for the quarter attributable to owners of the parent was ¥40 million, down 74.9% year on year, as a ¥267 million extraordinary gain was recognized from the sale of shares in a real estate subsidiary.」
Operating profit and ordinary profit in the same period of the previous year turned into operating loss and ordinary loss. Net profit for the quarter attributable to owners of the parent remained positive due to a gain on the sale of shares in a real estate subsidiary, but declined from the same period of the previous year. - FY2017Wider operating loss, slight narrowing of net loss for the periodAnnual report
「Operating loss was ¥1,319 million, compared with a loss of ¥1,031 million in the previous consolidated fiscal year. Ordinary loss was ¥1,341 million, compared with a loss of ¥1,369 million, and net loss attributable to owners of the parent was ¥1,358 million, compared with a loss of ¥1,384 million.」
Although operating loss widened, ordinary loss and net loss for the period attributable to owners of the parent narrowed slightly from the previous fiscal year. - FY2017-Q3Further narrowing of cumulative lossAnnual report
「Operating loss was ¥547 million, compared with a loss of ¥851 million in the same period of the previous year, and did not absorb increased staffing costs or upfront investment in the Metsä business. Ordinary loss was ¥534 million, compared with a loss of ¥1,096 million, due to recognition of a ¥60 million foreign-exchange gain. Net loss attributable to owners of the parent was ¥551 million, compared with a loss of ¥1,082 million.」
Operating loss, ordinary loss, and loss attributable to owners of the parent all narrowed from the same period of the previous year, but upfront investment in the Metsä business and other areas was not absorbed, and losses continued on a cumulative basis. - FY2017-Q2Narrowing cumulative lossAnnual report
「Operating loss was ¥139 million, compared with a loss of ¥519 million in the same period of the previous year, improving year on year but not enough to absorb upfront investment in the Metsä business and other areas. Ordinary loss was ¥101 million, following recognition of a ¥65 million foreign-exchange gain, compared with a loss of ¥650 million. Net loss attributable to owners of the parent was ¥122 million, compared with a loss of ¥642 million.」
Operating loss, ordinary loss, and loss attributable to owners of the parent all narrowed from the same period of the previous year, but the cumulative period still recorded losses and had not yet absorbed upfront investment in the Metsä business and other areas. - FY2017-Q1Return from losses to profitsAnnual report
「Revenue increased 9.5% year on year to ¥2,579 million, reflecting increases in revenue from asset investment exits, real estate securitization arrangements, and corporate investment exits. Cost of sales was ¥1,863 million and selling, general and administrative expenses were ¥643 million, down 4.6% and 5.2%, respectively. As a result, operating profit was ¥72 million, compared with an operating loss of ¥278 million in the same period of the previous year. The recognition of a ¥105 million foreign-exchange gain as non-operating income resulted in ordinary profit of ¥173 million, compared with an ordinary loss of ¥295 million, and net profit attributable to owners of the parent of ¥161 million, compared with a loss of ¥289 million.」
Operating loss, ordinary loss, and loss attributable to owners of the parent in the same period of the previous year each turned into profit in the current quarter. - FY2016WorsenedAnnual report
「Revenue increased 37.9% year on year to ¥7,485 million, but cost of sales increased 104.1% to ¥5,989 million, causing gross profit to decline 40.0% to ¥1,496 million. Selling, general and administrative expenses increased 6.2% to ¥2,527 million due to higher personnel costs from business expansion and upfront investment in the Metsä business. As a result, operating loss was ¥1,031 million, compared with operating profit of ¥115 million in the previous consolidated fiscal year.」
Although revenue increased, gross profit declined, and operating results deteriorated from profit in the previous fiscal year to an operating loss of ¥1,031 million. - FY2016-Q3First statedAnnual report
「Revenue was ¥4,954 million, up 43.8% year on year, cost of sales was ¥3,827 million, up 85.2%, and gross profit was ¥1,126 million, down 18.3%. Selling, general and administrative expenses increased 19.0% to ¥1,977 million as a result of increased staffing and strategic investments required over the medium to long term for the Metsä business, a facility where visitors can experience a Nordic atmosphere and the world of the Moomins. As a result, operating loss was ¥851 million, compared with a loss of ¥281 million in the same period of the previous year. Ordinary loss was ¥1,096 million, compared with a loss of ¥100 million, due to the recognition of a ¥190 million foreign-exchange loss. Net loss attributable to owners of the parent was ¥1,082 million, compared with a loss of ¥87 million.」
Although revenue increased, gross profit declined, and operating loss, ordinary loss, and loss attributable to owners of the parent all widened from the same period of the previous year.