Deterioration in the cost ratio due to increased outsourcing expenses in the vehicle maintenance business
First written in FY2018-Q1. 3 of 13 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3DroppedAnnual report
「Operating income was ¥615 million, up 10.1% year on year, partly due to the effects of improved profitability in the automotive supplies sales business.」
Unlike the previous quarter, there was no specific mention of the deterioration in the vehicle maintenance business's cost ratio or delays in improving profitability; instead, improved profitability in the automotive supplies sales business was cited this quarter. - FY2024-Q2WorsenedAnnual report
「Operating income was ¥374 million, partly due to delays in improving profitability in the vehicle maintenance business.」
Following the deterioration in the vehicle maintenance business's cost ratio in the previous quarter, delays in improving profitability were again cited this quarter as a factor suppressing operating income. - FY2024-Q1WorsenedAnnual report
「Operating income was ¥135 million, down 10.9% year on year, mainly due to the deterioration in the cost ratio of the vehicle maintenance business.」
For the automotive services business, which had reported improved profitability and higher earnings through the previous fiscal year, the deterioration in the vehicle maintenance business's cost ratio was cited as a factor behind the decline in earnings this quarter. - FY2023MitigatedAnnual report
「Operating profit was ¥763 million, up 16.1% year on year, due in part to improved selling prices for vehicles reaching the end of their lease terms in the vehicle leasing business.」
Operating profit in the vehicle services business increased, compared with the period when higher outsourcing costs and deterioration in the cost ratio were issues, and the adverse impact of costs has relatively eased. - FY2020AdvancedAnnual report
「Operating profit was ¥502 million, up 67.3% year on year, due in part to lower materials costs in the vehicle leasing business and lower outsourcing costs in the vehicle maintenance business.」
Compared with the previously cited increases in outsourcing costs and deterioration in the cost ratio, lower materials and outsourcing costs are cited as factors behind profit growth, with operating profit in the automotive services business up 67.3% year on year. - FY2020-Q2MitigatedAnnual report
「Operating profit was ¥288 million, up 184.5% year on year, due in part to the effects of earnings improvement initiatives centered on the vehicle maintenance business.」
There is no mention of higher outsourcing costs or deterioration in the cost ratio, which had been cited as factors behind lower profit through the previous fiscal year; instead, the disclosure cites substantial profit growth due to the effects of earnings improvement initiatives centered on the vehicle maintenance business. - FY2020-Q1MitigatedAnnual report
「Operating profit was ¥105 million, up 528.8% year on year, due in part to the effects of earnings improvement initiatives in the vehicle maintenance business.」
There is no mention of higher outsourcing costs or deterioration in the cost ratio in the vehicle maintenance business, which had been cited as factors behind lower profit through the previous fiscal year; instead, the disclosure cites a substantial increase in operating profit due to the effects of earnings improvement initiatives. - FY2019RestatedAnnual report
「Operating profit was ¥300 million, down 18.3% from the previous fiscal year, due in part to higher outsourcing costs in the vehicle maintenance business.」
Higher outsourcing costs in the vehicle maintenance business are cited as a factor behind the full-year decline in profit, indicating that cost pressures in the automotive services business continue. - FY2019-Q3RestatedAnnual report
「Operating profit was ¥219 million, down 18.2% year on year, due in part to higher outsourcing costs in the vehicle maintenance business.」
Higher outsourcing costs in the vehicle maintenance business continue to be cited as a factor behind the decline in operating profit. - FY2019-Q1Higher outsourcing costs in the vehicle maintenance business reappear as a factor behind the decline in profitAnnual report
「Operating profit was ¥16 million, down 74.8% year on year, due in part to higher outsourcing costs in the vehicle maintenance business.」
Higher outsourcing costs in the vehicle maintenance business, which were not cited in the previous quarter, are again cited as a factor behind the decline in operating profit. - FY2018-Q3DroppedAnnual report
「Operating profit was ¥268 million, down 35.8% year on year, due in part to fewer vehicles sold at the end of their lease terms and lower selling prices in the vehicle leasing business.」
There is no mention of deterioration in the cost ratio due to higher outsourcing costs in the vehicle maintenance business; the decline in profit in the automotive services business this quarter is attributed to fewer vehicles sold at the end of their lease terms and lower selling prices. - FY2018-Q2RestatedAnnual report
「Operating profit was ¥153 million, down 47.4% year on year, due in part to deterioration in the cost ratio resulting from higher outsourcing costs in the vehicle maintenance business and lower selling prices for vehicles reaching the end of their lease terms in the vehicle leasing business.」
Higher outsourcing costs and deterioration in the cost ratio in the vehicle maintenance business continue to be cited as factors behind the decline in operating profit. - FY2018-Q1First statedAnnual report
「Operating profit was ¥258 million, down 21.8% year on year, due in part to deterioration in the cost ratio resulting from higher outsourcing costs in the vehicle maintenance business within the automotive services business.」
Higher outsourcing costs and deterioration in the cost ratio in the vehicle maintenance business are specifically cited as factors behind the decline in operating profit.