Profit recovery following a decline in operating profit
First written in FY2017. 15 of 33 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-11-12.
Grandy House moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
22 other companies' latest entry also says "Advanced".
- 2026-11-12AdvancedResults
「在庫管理の徹底や販売価格の適正化に注力した結果、販売１棟当たり利益は改善傾向で推移いたしました。」
在庫管理と販売価格適正化により、利益回復に向けた改善傾向を再確認した。 - FY2027-H1AdvancedAnnual report
「The focus on thorough inventory management and appropriate sales pricing resulted in an improving trend in profit per home sold.」
Thorough inventory management and appropriate sales pricing improved profit per home sold, indicating progress toward profit recovery. - 2026-08-10AdvancedResults
「また、継続的な在庫管理及び経費管理に取り組んだ結果、利益面においても改善が進みました。」
在庫管理と経費管理を継続し、利益改善が第1四半期の業績として示された。 - FY2026AdvancedAnnual report
「On the profit side, profit improvement progressed in the real estate sales segment as the focus on inventory management sustained a gradual recovery trend throughout the fiscal year. Operating profit was ¥1,892 million, up 56.1% from the previous fiscal year, and ordinary profit was ¥1,485 million, up 61.7%.」
As a result of continuing inventory management in the real estate sales business, profit recovered throughout the fiscal year, with operating profit up 56.1% and ordinary profit up 61.7% from the previous fiscal year. - FY2026-H1AdvancedAnnual report
「The company also worked to improve profit through ongoing inventory and expense management initiatives. As a result, for the interim consolidated accounting period, revenue was ¥26,043 million, down 3.5% year on year, operating profit was ¥717 million, up 65.3%, ordinary profit was ¥533 million, up 108.6%, and interim net income attributable to owners of the parent was ¥317 million, up 308.9%.」
Inventory and expense management continued, resulting in operating profit up 65.3%, ordinary profit up 108.6% and interim net income up 308.9%, despite lower revenue. - FY2025AdvancedAnnual report
「As a result, consolidated revenue increased 4.7% from the previous fiscal year, driven by higher revenue in the real estate sales segment.」
In response to the challenge of restoring profitability, the company achieved higher revenue and profit on a consolidated basis through improvements in the real estate sales segment and company-wide cost reductions. However, profit levels have not returned to their record highs. - FY2025-H1WorsenedAnnual report
「As a result, for the six months ended 30 September, revenue was ¥2,698.3 million, up 9.1% year on year; operating income was ¥43.4 million, down 25.7%; ordinary income was ¥25.5 million, down 45.7%; and interim net income attributable to owners of the parent was ¥7.7 million, down 69.1%.」
Although revenue increased, operating profit, ordinary profit and interim net income declined, and the recovery in profitability lost momentum during the interim period. - FY2024-Q3WorsenedAnnual report
「As a result, for the nine months ended 31 December, revenue was ¥3,750.2 million, down 7.8% year on year; operating income was ¥78.1 million, down 69.8%; ordinary income was ¥58.6 million, down 75.9%; and quarterly net income attributable to owners of the parent was ¥31.4 million, down 81.2%.」
Against the backdrop of profit recovery, operating profit, ordinary profit and net income fell 69.8%, 75.9% and 81.2%, respectively, in the nine months ended Q3, resulting in a substantial deterioration in profit levels. - FY2024-Q2WorsenedAnnual report
「As a result, for the six months ended 30 September, revenue was ¥2,472.6 million, down 10.5% year on year; operating income was ¥58.3 million, down 69.0%; ordinary income was ¥47.0 million, down 73.6%; and quarterly net income attributable to owners of the parent was ¥25.1 million, down 79.8%.」
After reaching a record high in the previous fiscal year, operating profit and other profit measures declined substantially in the six months ended Q2, and the recovery in profitability lost momentum. - FY2024-Q1WorsenedAnnual report
「As a result, for the three months ended 30 June, revenue was ¥1,181.0 million, down 15.3% year on year; operating income was ¥26.4 million, down 74.8%; ordinary income was ¥20.3 million, down 79.7%; and quarterly net income attributable to owners of the parent was ¥10.8 million, down 85.1%.」
Against the backdrop of profit recovery, operating profit fell 74.8% year on year and ordinary profit fell 79.7% in the first quarter, resulting in a substantial deterioration in profit levels. - FY2023WorsenedAnnual report
「On the profit side, consolidated results deteriorated from the previous fiscal year due to lower profit in the real estate sales segment. Operating profit was ¥3,329 million, down 17.2% from the previous fiscal year, ordinary profit was ¥3,103 million, down 18.5%, and net income attributable to owners of the parent was ¥2,168 million, down 16.1%.」
After reaching a record high in the previous fiscal year, operating profit and other profit measures declined in the current fiscal year due to lower profit in the real estate sales segment, and the recovery in profitability lost momentum. - FY2023-Q2WorsenedAnnual report
「As a result, for the six months ended 30 September, revenue was ¥2,763.2 million, up 2.2% year on year; operating income was ¥188.2 million, down 8.8%; ordinary income was ¥178.5 million, down 9.1%; and quarterly net income attributable to owners of the parent was ¥124.5 million, down 6.7%.」
After reaching a record high in the previous fiscal year, revenue increased in the six months ended Q2, but operating profit, ordinary profit and net income all declined year on year. - FY2023-Q1AdvancedAnnual report
「As a result, for the three months ended 30 June, revenue was ¥1,392.5 million, up 6.0% year on year; operating income was ¥104.9 million, up 8.6%; ordinary income was ¥100.5 million, up 9.5%; and quarterly net income attributable to owners of the parent was ¥72.8 million, up 15.0%.」
Regarding the challenge of restoring profitability, operating profit, ordinary profit and net income attributable to owners of the parent increased year on year in the three months ended Q1. - FY2022AchievedAnnual report
「Profit also recovered substantially. Operating profit was ¥4,022 million, up 74.9% from the previous fiscal year, ordinary profit was ¥3,810 million, up 81.8%, and net income attributable to owners of the parent was ¥2,583 million, up 49.8%, with all three reaching record highs.」
Regarding the challenge of recovering profit after the decline in operating profit, the disclosure states that operating profit, ordinary profit and net income all reached record highs. - FY2022-Q3AdvancedAnnual report
「These initiatives increased both the number of new and existing homes sold and revenue from the prior-year period, and also led to a substantial recovery in profit. As a result, for the nine months ended Q3, revenue was ¥40,507 million, up 20.0% year on year, and operating profit was ¥3,069 million, up 126.0%.」
The number of new and existing homes sold and revenue increased, while operating profit rose 126.0% year on year, indicating that profit recovery continued in the nine months ended Q3. - FY2022-Q2AdvancedAnnual report
「These initiatives increased both the number of new and existing homes sold and revenue from the prior-year period, which was heavily affected by the stagnation of economic activity associated with the spread of COVID-19, and also led to a substantial recovery in profit.」
The number of new and existing homes sold and revenue exceeded the prior-year period, while operating profit increased 230.4% year on year, indicating that profit recovery continued in the six months ended Q2. - FY2022-Q1AdvancedAnnual report
「These initiatives increased both the number of new and existing homes sold and revenue from the prior-year period, which was heavily affected by the stagnation of economic activity associated with the spread of COVID-19, and also led to a substantial recovery in profit. As a result, for the first quarter of the consolidated fiscal year, revenue was ¥13,134 million, up 40.1% year on year, and operating profit was ¥966 million, compared with an operating loss of ¥57 million in the prior-year quarter.」
The number of new and existing homes sold and revenue increased, and operating profit recovered from the prior-year loss to ¥966 million. - FY2021-Q3WorsenedAnnual report
「These initiatives increased the cumulative number of homes sold and revenue in the third quarter from the prior-year period for new homes, but sales of existing homes declined year on year because the impact of lower procurement volumes in the first half remained. Profit also declined year on year due to a lower gross margin associated with tighter inventory management and investment expenses related to business expansion.」
The number of new homes sold and revenue increased, while profit declined year on year due to the impact of lower procurement of existing homes, the lower gross margin associated with tighter inventory management, and investment in business expansion. - FY2021-Q2WorsenedAnnual report
「As a result, for the six months ended 30 September, revenue was ¥2,182.0 million, down 4.2% year on year; operating income was ¥46.6 million, down 62.8%; ordinary income was ¥53.6 million, down 60.0%; and quarterly net income attributable to owners of the parent was ¥32.3 million, down 62.9%.」
Although profit recovery had been identified as a challenge, profit levels declined substantially, with operating profit down 62.8% year on year in the six months ended Q2. - FY2021-Q1WorsenedAnnual report
「Although orders recovered to the same level as in the previous fiscal year after the state of emergency was lifted, the impact of the stagnation in economic activity during the first half of the quarter was substantial, forcing both the number of new and existing homes sold and revenue to decline from the prior-year quarter. On the profit side, in addition to the impact of lower revenue, the decline in gross margin resulting from tighter inventory management and higher selling, general and administrative expenses and goodwill amortization at a subsidiary acquired in the previous fiscal year resulted in an operating loss.」
Orders returned to the same level as in the previous fiscal year after the state of emergency was lifted, but lower home sales and revenue, a lower gross margin associated with tighter inventory management, and higher selling, general and administrative expenses and goodwill amortization at a subsidiary resulted in an operating loss. - FY2020WorsenedAnnual report
「On the profit side, the gross margin declined as sales initiatives were strengthened in response to weaker customer sentiment caused by the consumption tax increase and flooding from Typhoon Hagibis. This, together with higher selling, general and administrative expenses, including personnel, advertising and M&A-related costs associated with business expansion, resulted in operating profit of ¥2,142 million, down 31.6% from the previous fiscal year.」
Profit recovery had been identified as a challenge, but operating profit fell 31.6% from the previous fiscal year due to a lower gross margin and higher personnel, advertising and M&A-related expenses. - FY2020-Q3WorsenedAnnual report
「Profit also declined because new-home sales were weak during the quarter, while personnel expenses associated with investments in personnel for future business expansion, M&A expenses and amortization of goodwill also increased.」
In addition to weak new-home sales, personnel expenses, M&A expenses and goodwill amortization weighed on profit, resulting in a 32.4% year-on-year decline in operating profit. - FY2020-Q2WorsenedAnnual report
「These initiatives increased both the number of new and existing homes sold and revenue from the prior-year quarter, but not enough to absorb higher personnel expenses associated with investments in personnel for future business expansion and the recognition of M&A expenses, resulting in lower operating and ordinary profit.」
The number of homes sold and revenue increased, but the company was unable to absorb higher personnel expenses from investments in personnel and M&A expenses, resulting in lower operating and ordinary profit year on year. The recovery in profitability has lost momentum. - FY2020-Q1WorsenedAnnual report
「These initiatives increased both the number of new and existing homes sold and revenue from the prior-year quarter, but not enough to absorb higher manufacturing costs and selling, general and administrative expenses associated with investments in personnel for future business expansion, resulting in lower operating and ordinary profit.」
The number of homes sold and revenue increased, but the company was unable to absorb higher costs from investments in personnel for future business expansion, resulting in lower operating and ordinary profit. - FY2019-Q3AdvancedAnnual report
「Profit increased year on year due to lower costs and a year-on-year decline in selling, general and administrative expenses, among other factors.」
Through cost reductions and lower selling, general and administrative expenses, operating profit increased 22.4% year on year and ordinary profit increased 23.3%, indicating that efforts to restore profitability began to bear fruit in the nine months ended Q3. - FY2019-Q2AdvancedAnnual report
「Operating profit increased year on year as initiatives to improve profit produced results and selling, general and administrative expenses declined year on year.」
The results of profit improvement measures and lower selling, general and administrative expenses resulted in a 10.1% year-on-year increase in operating profit. The effects of initiatives to restore profit were reflected in operating profit for the first half. - FY2019-Q1AdvancedAnnual report
「The number of new and existing homes sold during the quarter increased only slightly year on year, but operating profit improved substantially as initiatives to improve profit produced results and selling, general and administrative expenses declined year on year. Operating profit was ¥709 million, up 34.7% year on year.」
Although the increase in units sold was slight, the results of profit improvement measures, lower costs, and lower selling, general and administrative expenses resulted in a 34.7% year-on-year increase in operating profit. - FY2018-Q3WorsenedAnnual report
「As a result of these initiatives, orders recovered steadily from their low point in the fourth quarter of the previous fiscal year, and the number of units sold in the second quarter reached a record high. However, due to the decline in the order backlog at the beginning of the period and other factors, revenue and profit for the first half had not recovered to the levels of the same period of the previous year.／As a result, for the cumulative third quarter of the fiscal year, revenue was ¥32,839 million, down 2.4% year on year; operating profit was ¥1,856 million, down 16.9%; ordinary profit was ¥1,933 million, down 16.4%; and quarterly net profit attributable to owners of the parent was ¥1,283 million, down 9.3%.」
Although orders recovered and the number of units sold in the second quarter reached a record high, revenue and profit for the cumulative third quarter remained below the levels of the same period of the previous year, and the challenge of restoring profit continued. - FY2018-Q2RestatedAnnual report
「As a result of these initiatives, orders recovered steadily from their low point in the fourth quarter of the previous fiscal year, and the number of units sold in the second quarter reached a record high. However, due to the decline in the order backlog at the beginning of the period and other factors, revenue and profit for the first half had not recovered to the levels of the same period of the previous year.」
Although orders and quarterly sales recovered, first-half revenue and profit had not recovered to the levels of the same period of the previous year, and the challenge of restoring profit continues. - FY2018-Q1WorsenedAnnual report
「Operating profit was ¥526 million, down 36.4% year on year; ordinary profit was ¥554 million, down 35.5%; and net profit attributable to owners of the parent was ¥370 million, down 33.5%.」
In the quarter following the designation of profit recovery as the highest-priority issue, operating profit, ordinary profit and quarterly net profit were all below the levels of the same period of the previous year. - FY2017First statedAnnual report
「Although the Group secured higher revenue for the 9th consecutive period, operating profit declined in the current period. Accordingly, we will devote all available resources to recovering profit, our highest-priority issue.」
In light of the 9th consecutive period of higher revenue but lower operating profit, the Company identified profit recovery as its highest-priority issue.