Improved performance in the logistics business of the Chinese subsidiary
First written in FY2021-Q2. 9 of 17 entries say "Restated". Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「Special retirement payments arose for employees in connection with the withdrawal from the Tianjin warehouse, where profitability had been declining, operated by the Chinese subsidiary 天津木村進和物流有限公司.」
The situation concerning the Chinese subsidiaries has shifted from reporting increased orders and improved performance to reporting the withdrawal from the Tianjin warehouse, special retirement payments of ¥392 million, and the dissolution and restructuring of the Tianjin subsidiary. - FY2026-H1WorsenedAnnual report
「Net sales were ¥21,249 million, down 0.7% year on year, due mainly to lower revenue at the domestic storage equipment business and at Chinese subsidiaries 広州広汽木村進和倉庫有限公司 and 天津木村進和物流有限公司, despite increased orders from major customers in the domestic packaging business.」
The disclosure has shifted from a period of reporting increased orders and improved performance at the Chinese subsidiaries to identifying lower revenue at 広州広汽木村進和倉庫有限公司 and 天津木村進和物流有限公司 as factors contributing to lower revenue in the logistics services business. - FY2025WorsenedAnnual report
「Impact of lower revenue at the Chinese subsidiary 広州広汽木村進和倉庫有限公司」
The disclosure has shifted from a period of reporting increased orders and improved performance at the Chinese subsidiaries to identifying lower revenue at 広州広汽木村進和倉庫有限公司 as a factor contributing to lower revenue in the logistics services business. - FY2025-H1RestatedAnnual report
「Revenue was ¥21,402 million, up 4.0% year on year, due partly to increased orders in the domestic manufacturing business and at the Chinese subsidiary 広州広汽木村進和倉庫有限公司.」
Increased orders at the Chinese subsidiary 広州広汽木村進和倉庫有限公司 have continued to contribute to higher revenue in the logistics services business. - FY2024-Q3RestatedAnnual report
「Net sales were ¥32,054 million, up 1.2% year on year, due mainly to increased order volumes in the domestic logistics services business and at Chinese subsidiary 広州広汽木村進和倉庫有限公司.」
Increased orders at the Chinese subsidiary 広州広汽木村進和倉庫有限公司 have continued to contribute to higher revenue in the logistics services business. - FY2024-Q2RestatedAnnual report
「Net sales were ¥20,575 million, up 1.9% year on year, owing mainly to higher order volumes in the domestic logistics services business and at the Chinese subsidiary Guangzhou GAC Kimura Shinwa Warehouse Co., Ltd. and the North American subsidiary KIMURA, INC.」
Increased orders in the overseas logistics business, including the Chinese subsidiaries, have continued to contribute to higher revenue in the logistics services business. - FY2024-Q1RestatedAnnual report
「Net sales were ¥10,324 million, up 2.7% year on year, due mainly to increased order volumes in the domestic logistics services business, at Chinese subsidiary 広州広汽木村進和倉庫有限公司 and at North American subsidiary KIMURA, INC.」
Increased orders in the overseas logistics business, including the Chinese subsidiaries, have continued to contribute to higher revenue in the logistics services business. - FY2023RestatedAnnual report
「Net sales were ¥42,264 million, up 3.2% year on year, due mainly to increased order volumes in the domestic logistics services business, at Chinese subsidiary 広州広汽木村進和倉庫有限公司 and at North American subsidiary KIMURA, INC.」
Increased orders in the overseas logistics business, including the Chinese subsidiaries, have continued to contribute to higher full-year revenue in the logistics services business. - FY2023-Q3RestatedAnnual report
「Net sales were ¥31,660 million, up 6.3% year on year, due mainly to increased order volumes in the domestic logistics services business, at Chinese subsidiary 広州広汽木村進和倉庫有限公司 and at North American subsidiary KIMURA, INC.」
Orders continued to increase in the logistics services business, including at the Chinese subsidiary 広州広汽木村進和倉庫有限公司, and operating profit also increased 3.5% year on year. - FY2023-Q1WorsenedAnnual report
「Operating profit was ¥856 million, down 10.8% year on year, partly due to pressure on fixed costs associated with the lockdown in China.」
The disclosure has shifted from the previous reporting of improved performance at the Chinese subsidiaries to pressure on fixed costs associated with China's lockdown as a factor contributing to lower operating profit in the logistics services business. - FY2022-Q2AdvancedAnnual report
「In the packaging business, orders increased at the overseas subsidiary 広州広汽木村進和倉庫有限公司, among other factors, resulting in revenue of ¥1,695 million, up 96.1% year on year.」
An increase in orders at the Chinese subsidiary 広州広汽木村進和倉庫有限公司 was reported, and operating profit in the logistics services business increased 96.1% year on year. - FY2022-Q1RestatedAnnual report
「Operating profit was ¥959 million, up 678.6% year on year. Although profitability deteriorated at North American subsidiary KIMURA, INC. in the storage equipment products business, performance improvements at Chinese subsidiaries 天津木村進和物流有限公司 and 広州広汽木村進和倉庫有限公司 in the packaging business and other factors contributed to the increase.」
Improved performance at 2 Chinese subsidiaries continued to be reported and contributed to higher operating profit in the logistics services business despite deteriorating earnings at the North American subsidiary. - FY2021RestatedAnnual report
「From the second quarter onward, earnings improved overseas as a result of China's rapid recovery.」
Improved performance at the Chinese subsidiaries has continued, shifting from quarterly disclosures to a full-year improvement in overseas earnings. - FY2021-Q3RestatedAnnual report
「Operating profit was ¥2,113 million, down 8.7% year on year, due mainly to deterioration in the profitability of overseas subsidiary KIMURA, INC., despite performance improvements at overseas subsidiaries 天津木村進和物流有限公司 and 広州広汽木村進和倉庫有限公司 in the packaging business.」
Improved performance at 天津木村進和物流有限公司 and 広州広汽木村進和倉庫有限公司 continues to be reported. At the same time, deteriorating earnings at the North American subsidiary KIMURA, INC. are also reported. - FY2021-Q2First statedAnnual report
「Operating profit was ¥864 million, down 36.6% year on year. This reflected performance improvements at overseas subsidiaries 天津木村進和物流有限公司 and 広州広汽木村進和倉庫有限公司 in the packaging business and at overseas subsidiary KIMURA, INC. in the storage equipment products business, offset by deterioration in the profitability of the domestic packaging business and other factors.」
Improved performance at the Chinese subsidiaries 天津木村進和物流有限公司 and 広州広汽木村進和倉庫有限公司 is described independently for the first time as a factor contributing to operating profit in the logistics services business.