Revenue increased, but profit declined due to higher raw material, outsourcing and SG&A expenses
First written in FY2024-Q1. 8 of 14 entries say "Advanced", first in FY2025. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「However, the company absorbed these cost increases through improved profitability resulting from ongoing improvements in production efficiency and increased orders for high-value-added products, as well as expanded sales through deeper relationships with existing customers. As a result, both operating profit and ordinary profit exceeded the previous year.」
Amid continued increases in material costs, personnel expenses and procurement costs due to the weaker yen, improvements in production efficiency, high-value-added products and deeper relationships with existing customers absorbed the higher costs, resulting in higher revenue and higher profit, with net sales of ¥4,166.118 million, operating profit of ¥723.465 million and ordinary profit of ¥734.630 million. - FY2026-H1AdvancedAnnual report
「As a result, for the current interim consolidated accounting period, net sales were ¥2,021.538 million, up 8.5% year on year; operating profit was ¥320.249 million, up 11.1%; ordinary profit was ¥330.402 million, up 18.8%; and interim net income attributable to owners of the parent was ¥235.805 million, up 17.4%, resulting in higher revenue and higher profit.」
Net sales, operating profit, ordinary profit and interim net income attributable to owners of the parent all increased year on year, resulting in higher revenue and higher profit. - FY2025AdvancedAnnual report
「As a result, for the current consolidated fiscal year, net sales were ¥3,796.454 million, up 7.1% from the previous fiscal year; operating profit was ¥658.504 million, up 20.8%; ordinary profit was ¥631.496 million, up 13.7%; and net income attributable to owners of the parent was ¥438.584 million, up 13.5%, resulting in higher revenue and higher profit.」
For the full fiscal year, revenue and profit both increased, with net sales, operating profit, ordinary profit and net income attributable to owners of the parent all exceeding the previous fiscal year. - FY2025-H1RestatedAnnual report
「As a result, for the current interim consolidated accounting period, net sales were ¥1,864.021 million, up 8.7% from the same interim period of the previous fiscal year; operating profit was ¥288.152 million, up 36.0%; ordinary profit was ¥278.124 million, up 36.8%; and interim net income attributable to owners of the parent was ¥200.775 million, up 68.1%, resulting in substantial increases in both revenue and profit.」
Revenue and profit both increased, following the same trend in the previous interim period, with net sales up 8.7%, operating profit up 36.0%, ordinary profit up 36.8% and interim net income up 68.1%. - FY2024RestatedAnnual report
「As a result, for the current consolidated fiscal year, net sales were ¥3,544.750 million, up 11.1% from the previous fiscal year; operating profit was ¥545.318 million, up 18.5%; ordinary profit was ¥555.355 million, up 28.0%; and net income attributable to owners of the parent was ¥386.406 million, up 14.3%, resulting in higher revenue and higher profit.」
The trend of higher revenue and higher profit seen in the cumulative quarterly results continued for the full fiscal year. - FY2024-Q3RestatedAnnual report
「As a result, for the third quarter of the current consolidated cumulative period, net sales were ¥2,589.684 million, up 9.4% year on year; operating profit was ¥360.894 million, up 15.2%; ordinary profit was ¥367.060 million, up 33.6%; and net income attributable to owners of the parent was ¥222.135 million, up 2.8%, resulting in higher revenue and higher profit.」
Following the cumulative second-quarter results, net sales, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year, resulting in higher revenue and higher profit. - FY2024-Q2Changed from higher revenue and lower profit to higher revenue and higher profitAnnual report
「As a result, for the second quarter of the current consolidated cumulative period, net sales were ¥1,715.349 million, operating profit was ¥211.813 million, ordinary profit was ¥203.367 million, and net income attributable to owners of the parent was ¥119.423 million. Compared with the same period of the previous fiscal year, net sales increased by ¥120.961 million, or 7.6%; operating profit by ¥3.629 million, or 1.7%; ordinary profit by ¥38.428 million, or 23.3%; and net income attributable to owners of the parent by ¥5.970 million, or 5.3%, resulting in higher revenue and higher profit.」
While the first quarter saw higher revenue but lower profit, cumulative results through the second quarter showed year-on-year increases in net sales, operating profit, ordinary profit and net income attributable to owners of the parent. - FY2024-Q1First statedAnnual report
「As a result, for the first quarter of the current consolidated cumulative period, net sales were ¥862.312 million, up 2.9% year on year; operating profit was ¥99.560 million, down 32.7%; ordinary profit was ¥98.217 million, down 29.5%; and net income attributable to owners of the parent was ¥43.849 million, down 53.5%.」
While net sales increased 2.9% year on year, operating profit, ordinary profit and net income attributable to owners of the parent all declined. The company attributed the increase in expenses to persistently high raw material prices, outsourcing costs associated with expanded production capacity, DX investments and increased staffing.