Decline in Ordinary Profit and Quarterly Net Income Attributable to Owners of the Parent
First written in FY2017-Q3. 26 of 35 entries say "Reframed", first in FY2017. Latest entry: 2026-10-28.
Meiji Shipping Group 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 2018: 3 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Net sales were ¥61,271 million, down 9.3% year on year, operating profit was ¥3,707 million, down 66.3%, and ordinary profit was ¥1,197 million, down 86.9%. Extraordinary income of ¥10,681 million, including the gain on vessel sales described above, and deferred income taxes of ¥1,635 million were recorded in line with the change in net income before income taxes and other adjustments. Net income attributable to owners of the parent was ¥4,314 million, up 53.4%.」
Although operating profit and ordinary profit fell sharply, net income attributable to owners of the parent increased due to gains on vessel sales and deferred income taxes. - 2026-05-14ReframedEarnings
「営業利益は3,707百万円（前年同期比66.3％減）、経常利益は1,197百万円（前年同期比86.9％減）」
営業利益・経常利益の減少幅が拡大した一方、船舶売却益により最終利益は増加した。 - FY2026-H1ReframedAnnual report
「Foreign exchange losses of ¥1,434 million and derivative valuation losses of ¥628 million were also recorded in non-operating expenses, resulting in ordinary profit of ¥357 million, down 82.8% from the previous interim consolidated accounting period. Extraordinary income of ¥9,184 million, as described above, was recorded from gains on vessel sales, and deferred income taxes of ¥2,242 million were recorded in line with the change in interim net income before income taxes and other adjustments. As a result, interim net income attributable to owners of the parent was ¥2,816 million, up 263.4%.」
Although ordinary profit fell sharply due to foreign exchange losses and derivative valuation losses, interim net income attributable to owners of the parent increased sharply due to gains on vessel sales and deferred income taxes. - FY2025ReframedAnnual report
「Equity in earnings of affiliates of ¥3,819 million was also recorded, resulting in ordinary profit of ¥9,131 million, up 56.4% year on year. However, the absence of the ¥7,386 million in extraordinary income, mainly gains on vessel sales, recorded in the same period of the previous year resulted in net income attributable to owners of the parent of ¥2,812 million, down 45.8%.」
Although ordinary profit increased due to equity in earnings of affiliates, net income attributable to owners of the parent decreased because the previous year's gain on vessel sales was no longer recorded. - FY2025-H1ReframedAnnual report
「Operating profit was ¥5,465 million, down 9.6% from the previous interim consolidated accounting period. Foreign exchange losses of ¥2,195 million were also recorded in non-operating expenses, resulting in ordinary profit of ¥2,077 million, down 13.7%. In addition, the absence of the ¥1,317 million in extraordinary income from vessel sales recorded in the previous interim consolidated accounting period resulted in interim net income attributable to owners of the parent of ¥775 million, down 59.0%.」
Operating profit, ordinary profit and interim net income attributable to owners of the parent all decreased. The increase in foreign exchange losses and the absence of the previous year's gain on vessel sales were cited as factors depressing ordinary profit and final profit. - FY2024ReframedAnnual report
「In non-operating income and expenses, interest expense of ¥4,443 million and foreign exchange losses of ¥3,170 million were recorded. Ordinary profit was ¥5,836 million, down 9.4% year on year, while net income attributable to owners of the parent was ¥5,189 million, down 19.4%.」
Although operating profit increased, ordinary profit decreased due to interest expense and foreign exchange losses, and final profit also declined despite the recognition of extraordinary income, including gains on vessel sales. - FY2024-Q3RestatedAnnual report
「Ordinary profit was ¥4,151 million, up 100.2% year on year. Although interest expenses increased and a foreign exchange loss was recorded, operating profit also increased. Quarterly net income attributable to owners of the parent was ¥3,119 million, down 42.5%, because gains on the sale of 3 vessels were recorded as extraordinary gains in the previous fiscal year, compared with 2 vessels in the current fiscal year.」
Although operating profit and ordinary profit increased, quarterly net income attributable to owners of the parent decreased because fewer vessels generated gains on vessel sales than in the same period of the previous year. - FY2024-Q2ReframedAnnual report
「Ordinary profit was ¥2,406 million, up 449.8% year on year. Although interest expenses of ¥2,141 million and foreign exchange losses of ¥1,642 million were recorded, operating profit also increased. Quarterly net income attributable to owners of the parent was ¥1,888 million, down 53.1%, because gains on the sale of 3 vessels were recorded as extraordinary gains in the previous fiscal year, compared with 1 vessel in the current fiscal year.」
While operating profit and ordinary profit increased, quarterly net income attributable to owners of the parent declined because gains on vessel sales decreased from 3 vessels in the same period of the previous year to 1 vessel. Foreign exchange losses and interest expenses were also recorded in ordinary profit. - FY2024-Q1RestatedAnnual report
「As a result, net sales for the three months ended the first quarter of the current fiscal year were ¥15,502 million, up 29.0% year on year, operating income was ¥2,814 million, up 172.7%, and ordinary income was ¥2,000 million, up 147.4%. Net income attributable to owners of the parent was ¥1,357 million, up 40.6%.」
The pattern of year-on-year increases in operating profit, ordinary profit and quarterly net income attributable to owners of the parent continued. - FY2023ReframedAnnual report
「Although investment gains under the equity method of ¥1,748 million were recorded in non-operating income and expenses, interest expenses of ¥2,843 million and foreign exchange losses of ¥1,782 million were also recorded. As a result, ordinary profit was ¥6,443 million, up 48.3% year on year. Final net income attributable to owners of the parent was ¥6,439 million, up 96.4%, partly due to the aforementioned gain on vessel sales and the recording of deferred income taxes of ¥1,176 million in line with changes in income before income taxes.」
While foreign exchange losses and interest expenses were incurred, operating profit, ordinary profit and net income all increased, resulting in higher full-year profit after the divergence between operating profit and ordinary profit through the previous quarter. - FY2023-Q3RestatedAnnual report
「Ordinary profit was ¥2,073 million, down 9.3% year on year, due to the recording of a foreign exchange loss of ¥2,877 million and a derivative valuation loss of ¥1,464 million. Quarterly net income attributable to owners of the parent was ¥5,427 million, up 318.4%, partly due to the recording of the aforementioned gain on vessel sales.」
While operating profit increased, ordinary profit declined due to foreign exchange and derivative losses, and quarterly net income attributable to owners of the parent increased substantially due to gains on vessel sales. As in the previous quarter, the trends in operating profit, ordinary profit and net income diverged. - FY2023-Q2ReframedAnnual report
「Ordinary profit was ¥437 million, down 58.6% year on year, due to the recording of a foreign exchange loss of ¥1,298 million and a derivative valuation loss of ¥1,153 million. Quarterly net income attributable to owners of the parent was ¥4,025 million, up 549.4%, partly due to the recording of the aforementioned gain on vessel sales.」
While operating profit increased, ordinary profit declined due to foreign exchange and derivative valuation losses, and quarterly net income attributable to owners of the parent increased substantially due to gains on vessel sales. - FY2023-Q1RestatedAnnual report
「Ordinary profit was ¥808 million, up 76.6% year on year, while quarterly net income attributable to owners of the parent was ¥965 million, up 110.4%, partly due to the recording of an extraordinary gain.」
The pattern of year-on-year increases in operating profit, ordinary profit and quarterly net income attributable to owners of the parent continued. A gain on the sale of a vessel of ¥656 million was recorded as an extraordinary gain. - FY2022ReframedAnnual report
「Operating profit was ¥4,401 million, up 111.4% year on year. Ordinary profit was ¥4,346 million, up 65.7%, mainly due to the recording of the employment adjustment subsidy described above and a derivative valuation loss of ¥479 million in non-operating expenses. Net income attributable to owners of the parent was ¥3,277 million, up 163.0%, partly because deferred income taxes of ¥458 million were recorded in line with the aforementioned extraordinary gain and changes in income before income taxes.」
The pattern of higher operating profit and ordinary profit but lower net income in the previous fiscal year changed, with operating profit, ordinary profit and net income attributable to owners of the parent all increasing in the current fiscal year. - FY2022-Q3RestatedAnnual report
「Ordinary profit was ¥2,286 million, up 4.3% year on year, while quarterly net income attributable to owners of the parent was ¥1,297 million, up 17.8%.」
The pattern of year-on-year increases in operating profit, ordinary profit and quarterly net income attributable to owners of the parent continued. - FY2022-Q2ReframedAnnual report
「Ordinary profit was ¥1,057 million, up 48.7% year on year, while quarterly net income attributable to owners of the parent was ¥619 million, up 56.5%.」
The pattern through the previous quarter, in which operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declined year on year, changed in the current quarter, with all profit items increasing. - FY2022-Q1ReframedAnnual report
「Ordinary profit was ¥457 million, up 22.1% year on year, while quarterly net income attributable to owners of the parent was ¥458 million, up 980.3%, partly due to the recording of an extraordinary gain.」
Following year-on-year declines in operating profit, ordinary profit and quarterly net income attributable to owners of the parent in the same quarter of the previous year, ordinary profit and quarterly net income attributable to owners of the parent turned to increases in the current quarter. - FY2021-Q3RestatedAnnual report
「As a result, net sales for the nine months ended the third quarter of the current fiscal year were ¥29,719 million, up 9.3% year on year, operating income was ¥1,823 million, up 55.7%, ordinary income was ¥2,191 million, up 34.5%, and net income attributable to owners of the parent was ¥1,101 million, up 27.4%.」
The pattern of year-on-year declines in operating profit, ordinary profit and quarterly net income attributable to owners of the parent continued. - FY2021-Q2RestatedAnnual report
「Ordinary profit was ¥711 million, down 52.8% year on year, while quarterly net income attributable to owners of the parent was ¥396 million, down 40.7%.」
The pattern of year-on-year declines in operating profit, ordinary profit and quarterly net income attributable to owners of the parent continued. - FY2021-Q1ReframedAnnual report
「As a result, revenue for the first quarter of the current consolidated cumulative period was ¥10,213 million, down 3.9% year on year; operating profit was ¥507 million, down 60.0%; ordinary profit was ¥375 million, down 59.4%; and profit attributable to owners of the parent was ¥42 million, down 90.6%.」
The pattern of higher operating profit and ordinary profit but lower net income attributable to owners of the parent in the previous fiscal year changed, with operating profit, ordinary profit and quarterly net income attributable to owners of the parent all declining in the current quarter. - FY2020ReframedAnnual report
「Operating profit was ¥5,444 million, up 10.5% year on year, and ordinary profit was ¥4,700 million, up 7.4%, while net income attributable to owners of the parent was ¥1,719 million, down 16.1%.」
While operating profit and ordinary profit increased, net income attributable to owners of the parent declined, partly because an impairment loss of ¥1,449 million was recorded as an extraordinary loss. - FY2020-Q3ReframedAnnual report
「Operating profit was ¥4,113 million, up 11.7% year on year, ordinary profit was ¥3,599 million, up 0.4%, and quarterly net income attributable to owners of the parent was ¥1,517 million, down 10.0%.」
Operating profit and ordinary profit exceeded the previous year's levels, while quarterly net income attributable to owners of the parent declined. Ordinary profit shifted from a 24.8% decline in the previous quarter to a slight increase, but the decline in net income continued. - FY2020-Q2RestatedAnnual report
「Ordinary profit was ¥1,592 million, down 24.8% year on year, partly because foreign exchange gains declined from the same quarter of the previous year, while quarterly net income attributable to owners of the parent was ¥668 million, down 29.7%.」
While operating profit increased 7.2% year on year, the pattern of declines in ordinary profit and quarterly net income attributable to owners of the parent continued. The decline in foreign exchange gains was cited as a factor behind the decline in ordinary profit. - FY2020-Q1ReframedAnnual report
「Ordinary profit was ¥983 million, down 31.6% year on year, partly because foreign exchange gains recorded in the same quarter of the previous year turned into foreign exchange losses. Quarterly net income attributable to owners of the parent was ¥451 million, down 2.5%.」
While operating profit increased 6.8% year on year, ordinary profit and quarterly net income attributable to owners of the parent declined. The shift from foreign exchange gains to foreign exchange losses was cited as a factor behind the decline in ordinary profit. - FY2019ReframedAnnual report
「Operating profit was ¥4,927 million, down 11.9% year on year. Ordinary profit was ¥4,378 million, down 2.5%, partly because foreign exchange gains of ¥416 million were recorded, while net income attributable to owners of the parent was ¥2,049 million, up 13.2%.」
For the full year, operating profit and ordinary profit declined, while net income attributable to owners of the parent increased. - FY2019-Q3ReframedAnnual report
「Operating profit was ¥3,682 million, down 17.7% year on year, ordinary profit was ¥3,583 million, down 6.1%, and quarterly net income attributable to owners of the parent was ¥1,685 million, up 12.7%.」
While both operating profit and ordinary profit declined, quarterly net income attributable to owners of the parent increased. Ordinary profit turned from an increase in the previous quarter to a decline. - FY2019-Q2ReframedAnnual report
「Operating profit was ¥1,931 million, down 19.9% year on year. Ordinary profit increased 9.6% to ¥2,117 million, partly because foreign exchange gains increased from the same quarter of the previous year, while quarterly net income attributable to owners of the parent increased 48.4% to ¥950 million.」
While operating profit declined, ordinary profit and quarterly net income attributable to owners of the parent increased, partly due to higher foreign exchange gains. - FY2019-Q1ReframedAnnual report
「Ordinary profit was ¥1,438 million, up 125.3% year on year, and quarterly net income attributable to owners of the parent was ¥462 million, up 171.3%.」
The pattern of lower ordinary profit and higher quarterly net income attributable to owners of the parent in the first quarter of the previous fiscal year changed, with both profits increasing substantially year on year in the current quarter. - FY2018ReframedAnnual report
「Ordinary profit was ¥4,491 million, down 1.3% year on year, and an impairment loss of ¥37 million was recorded as an extraordinary loss. Net income attributable to owners of the parent was ¥1,810 million, up 56.2% year on year.」
For the full year, ordinary profit declined slightly, while net income attributable to owners of the parent increased due to a reduction in impairment losses and a lower tax burden, among other factors. - FY2018-Q2ReframedAnnual report
「Operating profit was ¥2,409 million, down 16.4% year on year, ordinary profit was ¥1,932 million, up 10.0%, and quarterly net income attributable to owners of the parent was ¥640 million, up 82.6%.」
While operating profit declined, ordinary profit increased, and quarterly net income attributable to owners of the parent rose 82.6% year on year. - FY2018-Q1ReframedAnnual report
「Ordinary profit was ¥638 million, down 32.6% year on year, while quarterly net income attributable to owners of the parent was ¥170 million, up 5.9% year on year.」
While ordinary profit declined year on year, quarterly net income attributable to owners of the parent increased. This differed from the previous pattern of declines in both profits. - FY2017ReframedAnnual report
「Ordinary profit was ¥4,551 million, up 7.4% year on year, while an impairment loss of ¥1,564 million described above was recorded as an extraordinary loss. Net income attributable to owners of the parent was ¥1,159 million, up 9.0% year on year.」
Following declines in ordinary profit and quarterly net income attributable to owners of the parent in the third quarter, both ordinary profit and net income attributable to owners of the parent turned to year-on-year increases for the full year. However, a vessel impairment loss was recorded. - FY2017-Q3First statedAnnual report
「Ordinary profit was ¥3,620 million, down 20.5% year on year, while an impairment loss of ¥1,082 million described above was recorded as an extraordinary loss. Quarterly net income attributable to owners of the parent was ¥1,116 million, down 46.9% year on year.」
While operating profit increased 11.7% year on year, ordinary profit declined 20.5% and quarterly net income attributable to owners of the parent declined 46.9%.