Profit Improvement Despite Lower Revenue
First written in FY2016. 9 of 38 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-08-13.
Kyogoku unyu shoji moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 24 of 107 companies on the "Worse" side.
49 other companies' latest entry also says "Other".
- 2026-08-13OtherEarnings
「Sales were ¥2,274 million, an increase of ¥23 million, or 1.0%, from the same quarter of the previous year. In terms of profit and loss, operating income was ¥56 million, a decrease of ¥1 million, or 2.6%, and ordinary income was ¥87 million, an increase of ¥1 million, or 0.8%, from the same quarter of the previous year. However, due to an increase in income taxes and other taxes associated with the sale of shares in 弥生京極社, an equity-method affiliate, quarterly net income attributable to owners of the parent was ¥35 million, a decrease of ¥23 million, or 39.3%, from the same quarter of the previous year.」
Although sales increased from the same quarter of the previous year, operating income and quarterly net income attributable to owners of the parent declined, and the improvement in earnings was uneven. - FY2026AdvancedAnnual report
「Revenue was ¥8,702 million, an increase of ¥281 million (3.3%) from the previous fiscal year. Operating profit increased by ¥147 million (867.8%) to ¥164 million. Ordinary profit increased by ¥140 million (135.0%) to ¥244 million, and net income attributable to owners of the parent increased by ¥69 million (66.2%) to ¥173 million.」
The company improved from nearly flat revenue growth with lower operating profit in the previous fiscal year to revenue growth of 3.3%, operating profit growth of 867.8%, ordinary profit growth of 135.0% and net income attributable to owners of the parent growth of 66.2%. - 2026-05-14OtherEarnings
「Operating income was ¥164 million, an increase of ¥147 million, or 867.8%, from the previous consolidated fiscal year. Ordinary income was ¥244 million, an increase of ¥140 million, or 135.0%, and net income attributable to owners of the parent was ¥173 million, an increase of ¥69 million, or 66.2%.」
Operating income, ordinary income and net income attributable to owners of the parent all increased in the current fiscal year, compared with declines in operating income and ordinary income in the previous year. - FY2026-H1Revenue and profit growth, with substantial improvement in operating profitAnnual report
「Revenue was ¥4,465 million, an increase of ¥330 million (8.0%) from the previous interim consolidated period. In terms of earnings, operating profit increased by ¥132 million (503.6%) to ¥158 million, ordinary profit increased by ¥128 million (184.7%) to ¥197 million, and interim net income attributable to owners of the parent increased by ¥84 million (174.5%) to ¥132 million.」
Operating profit increased from ¥26 million in the previous interim period to ¥158 million, with revenue, operating profit, ordinary profit and interim net income attributable to owners of the parent all increasing. - FY2025Nearly flat revenue and lower operating profit, with higher net incomeAnnual report
「Revenue was ¥8,422 million, an increase of ¥7 million (0.1%) from the previous fiscal year. In terms of earnings, higher costs from staff additions in the tank cleaning business caused operating profit to decline by ¥16 million (48.7%) to ¥17 million. Although dividends received increased, ordinary profit declined by ¥19 million (15.8%) to ¥104 million. Net income attributable to owners of the parent, however, increased by ¥44 million (72.9%) to ¥104 million.」
Following revenue growth with higher operating and ordinary profit despite lower revenue in the previous fiscal year, the current fiscal year saw revenue increase only 0.1%, operating profit and ordinary profit decline, and net income attributable to owners of the parent increase 72.9%. - FY2025-H1Shift to higher sales and profitAnnual report
「Group revenue increased by ¥46 million (1.1%) to ¥4,135 million from the previous interim consolidated period, owing to price revisions following freight-rate negotiations aimed at collecting appropriate freight rates in the domestic transportation business, using the “standard freight rates” indicated by the Ministry of Land, Infrastructure, Transport and Tourism, and an increase in orders in the tank cleaning business. In terms of earnings, these same factors contributed to operating profit increasing by ¥21 million (370.0%) to ¥26 million and ordinary profit increasing by ¥28 million (68.0%) to ¥69 million. Interim net income attributable to owners of the parent increased by ¥27 million (128.2%) to ¥48 million.」
From lower revenue and weak operating profit in the previous interim period, the current interim period saw revenue increase 1.1%, with operating profit, ordinary profit and interim net income attributable to owners of the parent all increasing. - FY2024Lower revenue but higher operating and ordinary profit, with lower net incomeAnnual report
「Revenue was ¥8,414 million, a decrease of ¥311 million (3.6%) from the previous fiscal year. In terms of earnings, operating profit increased by ¥27 million (421.7%) to ¥33 million. In addition, higher compensation income and dividends received resulted in ordinary profit increasing by ¥34 million (38.4%) to ¥123 million, while net income attributable to owners of the parent declined by ¥2 million (3.1%) to ¥60 million.」
Following substantial revenue and profit declines in the previous fiscal year, revenue continued to decline, but operating profit and ordinary profit returned to growth, while net income attributable to owners of the parent declined. - FY2024-Q3WorsenedAnnual report
「As a result, operating loss was ¥6 million, a decline of ¥21 million from the same quarter of the previous year. Ordinary profit declined by ¥22 million (25.6%) to ¥65 million, and quarterly net income attributable to owners of the parent declined by ¥33 million (53.1%) to ¥29 million.」
In the cumulative third-quarter results, revenue declined 5.2%, operating profit shifted to an operating loss, and ordinary profit and net income attributable to owners of the parent also declined. - FY2024-Q2WorsenedAnnual report
「Although selling prices rose in the drum-can and pail business and the number of orders increased in the tank cleaning business, group revenue declined by ¥238 million (5.5%) to ¥4,089 million from the same quarter of the previous year, owing to lower transportation volumes in the domestic transportation business and lower handling volumes and workloads in the international logistics business. In terms of earnings, lower handling volumes and higher fuel costs resulted in operating profit declining by ¥70 million (92.6%) to ¥6 million and ordinary profit declining by ¥64 million (60.7%) to ¥41 million. Quarterly net income attributable to owners of the parent declined by ¥51 million (70.6%) to ¥21 million.」
Revenue declined 5.5% year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined by 92.6%, 60.7% and 70.6%, respectively. - FY2024-Q1WorsenedAnnual report
「Under these conditions, group revenue declined by ¥135 million (6.2%) to ¥2,047 million from the same quarter of the previous year, owing to lower transportation volumes in the domestic transportation business and lower handling volumes in the international logistics business. In terms of earnings, higher personnel expenses and automobile insurance premiums also contributed to operating profit declining by ¥26 million (63.8%) to ¥15 million and ordinary profit declining by ¥23 million (35.1%) to ¥43 million. Quarterly net income attributable to owners of the parent declined by ¥18 million (39.6%) to ¥27 million.」
Following revenue and operating profit growth in the same quarter of the previous year, revenue declined 6.2% because of lower transportation and handling volumes, and operating profit, ordinary profit and net income all declined. - FY2023WorsenedAnnual report
「Revenue was ¥8,725 million, a decrease of ¥244 million (2.7%) from the previous fiscal year. Operating profit declined by ¥145 million (95.8%) to ¥6 million, ordinary profit declined by ¥115 million (56.3%) to ¥89 million, and net income attributable to owners of the parent declined by ¥91 million (59.5%) to ¥62 million.」
Following lower profit despite higher revenue in the previous fiscal year, the current fiscal year saw revenue decline 2.7% and operating profit, ordinary profit and net income attributable to owners of the parent decline substantially. - FY2023-Q3WorsenedAnnual report
「Although handling volumes in the warehousing, port transportation and customs clearance businesses were recovering and selling prices were raised in the petroleum and drum-can sales business, revenue declined by ¥80 million (1.2%) to ¥6,559 million from the same quarter of the previous year, owing to lower transportation volumes in the freight trucking business and fewer orders in the tank cleaning and repair business. In terms of earnings, despite lower chartered-vehicle expenses and other costs, the difficult environment, including soaring fuel prices and higher merchandise procurement costs, resulted in operating profit declining by ¥95 million (86.2%) to ¥15 million, ordinary profit declining by ¥76 million (46.3%) to ¥88 million, and quarterly net income attributable to owners of the parent declining by ¥63 million (50.9%) to ¥61 million.」
Despite signs of recovery in the warehousing, port transportation and customs clearance businesses and higher selling prices, company-wide revenue declined 1.2%, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined 86.2%, 46.3% and 50.9%, respectively, clearly indicating deteriorating profit performance year on year. - FY2023-Q2Flat revenue and higher profitAnnual report
「Although transportation volumes increased in the freight trucking business, selling prices rose in the petroleum and drum-can sales business, handling volumes increased in the port transportation and customs clearance business, and workloads increased in the warehousing business, revenue declined by ¥0 million (0.0%) to ¥4,327 million from the same quarter of the previous year, owing to a decline in the number of orders in the tank cleaning and repair business. In terms of earnings, although personnel and fuel costs increased, higher handling volumes and lower subcontracting costs resulted in operating profit increasing by ¥20 million (36.8%) to ¥75 million and ordinary profit increasing by ¥25 million (31.7%) to ¥105 million. Quarterly net income attributable to owners of the parent also increased by ¥4 million (5.5%) to ¥72 million.」
Revenue was broadly flat year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased. Higher handling volumes and lower subcontracting costs were identified as factors improving profit. - FY2023-Q1Revenue and operating profit increased, while quarterly net income attributable to owners of the parent declinedAnnual report
「Revenue was ¥2,182 million, an increase of ¥58 million (2.7%) from the same quarter of the previous year. In terms of earnings, although personnel expenses, including overtime, and fuel costs increased, higher handling volumes resulted in operating profit increasing by ¥16 million (61.6%) to ¥41 million and ordinary profit increasing by ¥20 million (42.9%) to ¥67 million. However, quarterly net income attributable to owners of the parent declined by ¥1 million (1.3%) to ¥45 million, because extraordinary income from the sale of investment securities had been recorded in the same quarter of the previous year.」
Revenue, operating profit and ordinary profit increased, while quarterly net income attributable to owners of the parent declined because of the reversal of gains on sales of investment securities recorded in the same period of the previous year. - FY2022WorsenedAnnual report
「Revenue was ¥8,970 million, an increase of ¥271 million (3.1%) from the previous fiscal year. Operating profit declined by ¥21 million (12.3%) to ¥151 million, ordinary profit declined by ¥15 million (7.0%) to ¥204 million, and net income attributable to owners of the parent declined by ¥1 million (0.8%) to ¥153 million.」
Although full-year revenue increased 3.1%, operating profit, ordinary profit and net income declined, following continued revenue and profit growth in the cumulative quarterly results. - FY2022-Q3Continued revenue and profit growth, but lower profit growth rateAnnual report
「Revenue was ¥6,639 million, an increase of ¥531 million (8.7%) from the same quarter of the previous year. In terms of earnings, despite higher fuel and other costs, handling volumes increased as economic activity showed signs of recovery following the easing of COVID-19 infections. Operating profit consequently increased by ¥54 million (95.4%) to ¥110 million, ordinary profit increased by ¥58 million (54.5%) to ¥163 million, and quarterly net income attributable to owners of the parent increased by ¥53 million (73.5%) to ¥125 million.」
Revenue and profit continued to grow, but the year-on-year growth rates for revenue, operating profit, ordinary profit and net income narrowed from the previous cumulative quarter. - FY2022-Q2Sustained Revenue and Profit Growth; Wider Profit GrowthAnnual report
「Revenue was ¥4,327 million, an increase of ¥446 million (11.5%) from the same quarter of the previous year. In terms of earnings, although personnel expenses, including overtime, and fuel costs increased, higher handling volumes resulted in operating profit increasing by ¥29 million (108.9%) to ¥55 million, ordinary profit increasing by ¥32 million (68.6%) to ¥80 million, and quarterly net income attributable to owners of the parent increasing by ¥36 million (112.6%) to ¥68 million.」
Revenue and profit increased for the second consecutive quarter, with revenue up 11.5%, operating profit up 108.9%, ordinary profit up 68.6% and quarterly net income attributable to owners of the parent up 112.6%. - FY2022-Q1Shift to higher sales and profitAnnual report
「Revenue was ¥2,123 million, an increase of ¥225 million (11.8%) from the same quarter of the previous year. In terms of earnings, although personnel expenses, including overtime, fuel costs and depreciation increased, higher handling volumes resulted in operating profit increasing by ¥16 million (170.6%) to ¥25 million, ordinary profit increasing by ¥18 million (62.4%) to ¥47 million, and quarterly net income attributable to owners of the parent increasing by ¥27 million (143.9%) to ¥45 million.」
Compared with lower revenue and operating profit in the same quarter of the previous year, the current quarter saw revenue increase 11.8%, with operating profit, ordinary profit and quarterly net income attributable to owners of the parent also returning to growth. - FY2021Shift to higher profit despite lower revenueAnnual report
「Revenue was ¥8,699 million, a decrease of ¥353 million (3.9%) from the previous fiscal year. In terms of earnings, the completion of a large high-margin project in the tank cleaning and repair business, lower vehicle fuel costs and expressway tolls in the Other segment, fixed-cost reductions, subsidy income and gains on sales of investment securities contributed to operating profit increasing by ¥58 million (50.6%) to ¥173 million. Ordinary profit increased by ¥55 million (33.4%) to ¥219 million, and net income attributable to owners of the parent increased by ¥37 million (31.5%) to ¥154 million.」
Although revenue declined, operating profit, ordinary profit and net income attributable to owners of the parent increased in the current fiscal year, compared with lower revenue and profit in the previous fiscal year. - FY2021-Q3Continued revenue and earnings decline; narrower earnings declineAnnual report
「Revenue was ¥6,108 million, a decrease of ¥615 million (9.1%) from the same quarter of the previous year. In terms of earnings, although personnel and fuel costs declined, the difficult environment resulted in operating profit declining by ¥16 million (22.1%) to ¥56 million, ordinary profit declining by ¥7 million (6.6%) to ¥106 million, and quarterly net income attributable to owners of the parent declining by ¥4 million (5.6%) to ¥72 million.」
Lower revenue and declines in operating profit, ordinary profit and net income attributable to owners of the parent continued. Meanwhile, the year-on-year rates of decline narrowed from the cumulative second-quarter results. - FY2021-Q2WorsenedAnnual report
「However, the impact of COVID-19 reduced handling volumes in each segment, resulting in revenue of ¥3,881 million, down ¥521 million (11.8%) from the same quarter of the previous year. In terms of earnings, although expenses such as personnel and fuel costs declined, the difficult environment resulted in operating profit declining by ¥36 million (57.9%) to ¥26 million, ordinary profit declining by ¥35 million (42.7%) to ¥47 million, and quarterly net income attributable to owners of the parent declining by ¥23 million (42.0%) to ¥32 million.」
From the first quarter's lower revenue, lower operating profit, slight decline in ordinary profit and slight increase in net income, the cumulative second-quarter results showed a clearer decline in revenue and in operating profit, ordinary profit and net income, indicating deteriorating earnings. - FY2021-Q1Lower revenue, operating profit and ordinary profit, with a slight increase in net income amid COVID-19Annual report
「Revenue was ¥1,899 million, a decrease of ¥259 million (12.0%) from the same quarter of the previous year. In terms of earnings, despite efforts to reduce costs continuously, including fuel costs, the difficult environment resulted in operating profit declining by ¥2 million (15.7%) to ¥9 million and ordinary profit declining by ¥0 million (0.3%) to ¥29 million. Quarterly net income attributable to owners of the parent increased by ¥0 million (0.9%) to ¥19 million.」
Revenue, operating profit and ordinary profit continued to decline from the same quarter of the previous year, while quarterly net income attributable to owners of the parent increased slightly. The difficult environment, including the impact of the spread of COVID-19, is reflected in these results. - FY2020Shift to lower sales and lower operating incomeAnnual report
「Revenue was ¥9,052 million, a decrease of ¥363 million (3.9%) from the previous fiscal year. In terms of earnings, although vehicle fuel costs and expressway tolls declined, high-margin projects in the tank cleaning and repair business had not been completed during the current fiscal year. Operating profit declined by ¥36 million (23.8%) to ¥115 million, ordinary profit declined by ¥12 million (7.0%) to ¥165 million, and net income attributable to owners of the parent declined by ¥10 million (7.9%) to ¥117 million.」
The company shifted from revenue and profit growth in the previous fiscal year to lower revenue, operating profit, ordinary profit and net income in the current fiscal year. - FY2020-Q3Lower revenue and operating profit alongside higher ordinary profit and net incomeAnnual report
「Revenue was ¥6,723 million, a decrease of ¥311 million (4.4%) from the same quarter of the previous year. In terms of earnings, although high-margin projects in the tank cleaning and repair business had not been completed during the third quarter of the current cumulative consolidated period, vehicle fuel and repair costs declined. Operating profit consequently declined by ¥1 million (1.4%) to ¥72 million, while ordinary profit increased by ¥0 million (0.1%) to ¥113 million and quarterly net income attributable to owners of the parent increased by ¥2 million (2.8%) to ¥76 million.」
Following lower revenue with higher profit in the previous quarter, the current quarter saw revenue and operating profit decline, while ordinary profit and quarterly net income attributable to owners of the parent increased. - FY2020-Q2Shift to higher profit despite lower revenueAnnual report
「Revenue was ¥4,402 million, a decrease of ¥139 million (3.1%) from the same quarter of the previous year. In terms of earnings, although high-margin projects in the tank cleaning and repair business had not been completed during the second quarter of the current cumulative consolidated period, revenue increased following freight rate revisions and vehicle fuel and repair costs declined. As a result, operating profit increased by ¥19 million (45.2%) to ¥62 million, ordinary profit increased by ¥26 million (45.2%) to ¥82 million, and quarterly net income attributable to owners of the parent increased by ¥20 million (59.1%) to ¥55 million.」
Revenue declined 3.1% year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased. The company shifted from the situation in the previous first quarter, which included lower operating profit, to lower revenue with higher profit. - FY2020-Q1Lower revenue and operating profit alongside higher ordinary profit and net incomeAnnual report
「Revenue was ¥2,158 million, a decrease of ¥62 million (2.8%) from the same quarter of the previous year. In terms of earnings, operating profit declined by ¥3 million (21.7%) to ¥11 million, mainly because high-margin projects in the tank cleaning and repair business had not been completed during the first quarter of the current cumulative consolidated period. Meanwhile, ordinary profit increased by ¥2 million (5.8%) to ¥29 million, owing in part to an increase in gains on sales of operating vehicles, and quarterly net income attributable to owners of the parent increased by ¥2 million (15.1%) to ¥18 million.」
The quarter shifted from the revenue growth and profit growth recorded for the full previous fiscal year to lower revenue and operating profit. Ordinary profit and quarterly net income attributable to owners of the parent increased, owing in part to higher gains on sales of operating vehicles. - FY2019Shift to higher sales and profitAnnual report
「Revenue was ¥9,415 million, an increase of ¥505 million (5.7%) from the previous fiscal year. In terms of earnings, although personnel expenses associated with employment measures, fuel costs due to rising crude oil prices and depreciation related to the vehicle replacement plan increased, revisions to freight rates and other charges for major shippers contributed to an increase in operating profit of ¥13 million (9.5%) to ¥151 million. Ordinary profit increased by ¥10 million (5.8%) to ¥188 million, while net income attributable to owners of the parent increased by ¥10 million (8.6%) to ¥127 million.」
The company shifted from revenue growth with lower profit in the previous fiscal year to revenue growth with higher operating profit, ordinary profit and net income attributable to owners of the parent. - FY2019-Q3Continued revenue growth and profit decline, with the decline narrowingAnnual report
「Revenue was ¥7,034 million, an increase of ¥372 million (5.6%) from the same quarter of the previous year. In terms of earnings, operating profit declined by ¥65 million (46.9%) year on year to ¥73 million, owing to higher personnel expenses associated with employment measures, higher fuel costs resulting from rising crude oil prices, higher depreciation related to the vehicle replacement plan, and the inability to absorb fixed costs such as personnel expenses and depreciation as orders declined in the tank cleaning and repair business. Ordinary profit declined by ¥68 million (37.6%) to ¥113 million, while quarterly net income attributable to owners of the parent declined by ¥45 million (38.0%) to ¥74 million.」
Revenue continued to increase, but operating profit, ordinary profit and net income attributable to owners of the parent declined. Although year-on-year declines in profit continued, the rates of decline narrowed from the previous cumulative quarter. - FY2019-Q2WorsenedAnnual report
「In terms of earnings, operating profit fell ¥119 million (73.5%) to ¥43 million, ordinary profit fell ¥126 million (68.9%) to ¥57 million, and profit attributable to owners of the parent fell ¥84 million (70.8%) to ¥35 million, due to higher personnel expenses related to employment measures, higher fuel costs resulting from rising crude oil prices, higher depreciation associated with the vehicle replacement plan, and the inability to absorb fixed costs such as personnel expenses and depreciation as the number of construction orders in the tank cleaning and repair business declined.」
Although higher revenue was maintained, the declines in operating profit, ordinary profit and quarterly profit attributable to owners of the parent widened from the first quarter, and factors weighing on earnings, including the fixed-cost burden, were explicitly stated. - FY2019-Q1RestatedAnnual report
「Revenue was ¥2,219 million, up ¥189 million (9.3%) from the same quarter of the previous year. In terms of earnings, operating profit fell ¥6 million (31.2%) to ¥14 million and ordinary profit fell ¥11 million (28.4%) to ¥27 million, mainly because of higher personnel expenses related to employment measures, higher fuel costs due to persistently high crude oil prices, and higher depreciation associated with the vehicle replacement plan.」
While revenue increased year on year, operating profit, ordinary profit and profit attributable to owners of the parent declined, with higher revenue and lower earnings continuing. - FY2018Shift to higher revenue but lower profitAnnual report
「Revenue was ¥8,910 million, up ¥551 million (6.6%) from the previous consolidated fiscal year. Operating profit fell ¥41 million (23.0%) to ¥138 million, and ordinary profit fell ¥46 million (20.5%) to ¥178 million.」
The quarterly trend of higher revenue and higher earnings resulted in higher full-year revenue but lower operating profit, ordinary profit and profit attributable to owners of the parent. - FY2018-Q3RestatedAnnual report
「Revenue was ¥6,662 million, up ¥511 million (8.3%) from the same quarter of the previous year. In terms of earnings, despite higher fuel costs resulting from rising crude oil prices, higher vehicle depreciation associated with the vehicle replacement plan and higher depreciation following the construction of the Ukishima hazardous materials warehouse, operating profit rose ¥37 million (36.5%) to ¥138 million, ordinary profit rose ¥43 million (30.8%) to ¥181 million, and profit attributable to owners of the parent rose ¥24 million (25.5%) to ¥119 million. Factors included lower insurance premiums borne by the Company following the dissolution of the employees' pension fund and higher revenue resulting from the completion of a large, high-margin project in the tank cleaning and repair business.」
Revenue, operating profit, ordinary profit and profit attributable to owners of the parent continued to increase year on year, as in the previous quarter. Higher revenue and higher earnings continued through the nine-month cumulative period. - FY2018-Q2Shift to higher sales and profitAnnual report
「Revenue was ¥4,448 million, up ¥519 million (13.2%) from the same quarter of the previous year. In terms of earnings, operating profit rose ¥131 million (410.4%) to ¥163 million, ordinary profit rose ¥136 million (288.3%) to ¥183 million, and profit attributable to owners of the parent rose ¥90 million (321.7%) to ¥118 million.」
Following higher revenue and lower earnings in the previous quarter, revenue, operating profit, ordinary profit and profit attributable to owners of the parent all increased year on year in the current quarter. - FY2018-Q1Shift to higher revenue but lower profitAnnual report
「Revenue was ¥2,030 million, up ¥57 million (2.9%) from the same quarter of the previous year. In terms of earnings, operating profit fell ¥15 million (42.1%) to ¥21 million, ordinary profit fell ¥9 million (19.9%) to ¥38 million, and profit attributable to owners of the parent fell ¥5 million (17.1%) to ¥24 million.」
While revenue turned from a year-on-year decline to a 2.9% increase, operating profit, ordinary profit and profit attributable to owners of the parent all declined. - FY2017-Q3RestatedAnnual report
「Revenue was ¥6,151 million, down ¥305 million (4.7%) from the same quarter of the previous year. In terms of earnings, despite the benefit of lower fuel costs resulting from declining fuel prices, operating profit fell ¥120 million (54.2%) to ¥101 million, ordinary profit fell ¥134 million (49.2%) to ¥138 million, and profit attributable to owners of the parent fell ¥51 million (34.9%) to ¥95 million, mainly because of higher depreciation associated with the construction of a new hazardous materials warehouse and the vehicle replacement plan, as well as higher vehicle repair expenses related to ETC 2.0.」
Revenue and operating profit, ordinary profit and profit attributable to owners of the parent declined for the second consecutive quarter. Higher depreciation and vehicle repair expenses were cited as factors weighing on earnings. - FY2017-Q2WorsenedAnnual report
「Revenue was ¥3,929 million, down ¥306 million (7.2%) from the same quarter of the previous year. In terms of earnings, despite the benefit of lower fuel costs resulting from declining fuel prices, operating profit fell ¥134 million (80.8%) to ¥32 million, ordinary profit fell ¥138 million (74.5%) to ¥47 million, and profit attributable to owners of the parent fell ¥53 million (65.3%) to ¥28 million, mainly because of higher depreciation associated with the vehicle replacement plan and higher vehicle repair expenses related to ETC 2.0.」
Revenue and earnings declined for the second consecutive quarter. On a cumulative basis, operating profit declined 80.8%, ordinary profit 74.5% and profit attributable to owners of the parent 65.3%. - FY2017-Q1Deterioration to lower revenue and lower earningsAnnual report
「Revenue was ¥1,973 million, down ¥117 million (5.6%) from the same quarter of the previous year. In terms of earnings, despite the benefit of lower fuel costs resulting from declining fuel prices, operating profit fell ¥43 million (54.8%) to ¥36 million, ordinary profit fell ¥42 million (47.2%) to ¥48 million, and profit attributable to owners of the parent fell ¥29 million (49.8%) to ¥29 million, mainly because of higher depreciation associated with the vehicle replacement plan and other factors.」
Following the previous fiscal year's improvement in earnings despite lower revenue, revenue, operating profit, ordinary profit and profit attributable to owners of the parent all declined year on year in the current quarter. - FY2016First statedAnnual report
「Revenue was ¥8,469 million, down ¥573 million (6.3%) from the previous consolidated fiscal year. In terms of earnings, operating profit rose ¥107 million (70.3%) to ¥260 million, reflecting lower personnel expenses as the expense recognition associated with the introduction of accounting standards for retirement benefits had ended in the previous consolidated fiscal year, as well as lower fuel costs resulting from declining fuel prices.」
It explains that while revenue declined, operating profit, ordinary profit and net income increased, mainly as a result of cost reductions.