Declining Sales and Widening Operating Loss
First written in FY2017-Q1. 21 of 38 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-08-07.
Shobunsha Holdings moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2020: 11 of 50 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- 2026-08-07ReframedEarnings
「Net sales increased by ¥179 million, or 13.3%, year on year to ¥1,526 million (¥1,347 million in the same period of the previous year). In terms of earnings, selling, general and administrative expenses increased due in part to higher personnel expenses and rising prices, resulting in an operating loss of ¥157 million, a deterioration of ¥21 million from the same period of the previous year (an operating loss of ¥136 million).」
Sales increased, partly due to the addition of BEASTAR’s revenue, while the operating loss widened as higher personnel expenses and rising prices increased selling, general and administrative expenses. The ordinary loss and the quarterly net loss attributable to owners of the parent improved from the same period of the previous year, resulting in differing trends across profit and loss items. - FY2026AdvancedAnnual report
「Sales were ¥6,727 million, an increase of ¥470 million (7.5%) from the previous year. (Sales were ¥6,256 million in the previous year.) In terms of earnings, the increase in selling, general and administrative expenses was restrained by the effects of relocating and consolidating offices and other factors, resulting in operating income of ¥475 million, an increase of ¥286 million from the previous year. (Operating income was ¥189 million in the previous year.)」
In addition to higher sales, operating income increased from ¥189 million to ¥475 million. Net income attributable to owners of the parent also increased to ¥1,210 million from ¥541 million in the previous year. - FY2026-H1ReframedAnnual report
「Sales for the current interim consolidated accounting period were supported by steady sales, mainly of travel-related consumer publications, e-books and apps, as travel and tourism demand continued to recover steadily for a second consecutive year. Hit products such as Mapple Touken Ranbu Travelers Guide also contributed, resulting in sales of ¥2,844 million, an increase of ¥88 million (3.2%) from the previous year. (Sales were ¥2,756 million in the previous year.) In terms of earnings, selling, general and administrative expenses decreased mainly due to the effects of relocating and consolidating offices, resulting in an operating loss of ¥64 million, an improvement of ¥47 million from the previous year. (The operating loss was ¥112 million in the previous year.) The ordinary loss improved by ¥88 million to ¥3 million, in addition to the improvement in the operating loss, because no foreign exchange loss recorded in the previous year was incurred in non-operating expenses. (The ordinary loss was ¥92 million in the previous year.) In the previous year, the company recorded a gain of ¥406 million on sales of investment securities as extraordinary income, but no extraordinary income of a similar scale was recorded in the current period. As a result, the interim net loss attributable to owners of the parent deteriorated by ¥314 million to ¥52 million. (The previous year recorded interim net income attributable to owners of the parent of ¥262 million.)」
Travel demand, sales, the operating loss and the ordinary loss improved, but interim net income changed from income to a loss because the gain on sales of investment securities recorded in the previous year was not repeated. The results reflect both improvement and deterioration due to the reversal of a one-time extraordinary gain. - FY2025WorsenedAnnual report
「Sales were ¥6,256 million, a decrease of ¥153 million (2.4%) from the previous consolidated fiscal year. (Sales were ¥6,410 million in the previous consolidated fiscal year.) In terms of earnings, in addition to lower profit accompanying the decline in sales, selling, general and administrative expenses increased from the previous year due to inflation and costs related to relocating offices, which had not been incurred in the previous year. As a result, operating income was ¥189 million, a decrease of ¥248 million from the previous consolidated fiscal year. (Operating income was ¥437 million in the previous consolidated fiscal year.)」
Following growth in both sales and earnings in the previous year, sales decreased 2.4%, and operating income decreased from ¥437 million to ¥189 million. Inflation and office relocation costs were additional factors behind the increase in expenses. - FY2025-H1WorsenedAnnual report
「Sales were ¥2,756 million, a slight decrease of ¥66 million (2.3%) from the previous year. (Sales were ¥2,822 million in the previous year.) In terms of earnings, in addition to lower profit accompanying the decline in sales, selling, general and administrative expenses increased from the previous year due to inflation and costs related to relocating offices, which had not been incurred in the previous year. As a result, the company recorded an operating loss of ¥112 million, a deterioration of ¥115 million year on year. (The previous year recorded operating income of ¥3 million.) The ordinary loss deteriorated by ¥139 million year on year to ¥92 million due to the recognition of foreign exchange losses in non-operating expenses and other factors. (The previous year recorded ordinary income of ¥47 million.)」
Sales decreased 2.3% year on year, while operating income changed from income of ¥3 million to a loss of ¥112 million and ordinary income from income of ¥47 million to a loss of ¥92 million. Inflation, office relocation costs and foreign exchange losses were cited as factors. However, interim net income improved due to gains on sales of investment securities and other factors. - FY2024AdvancedAnnual report
「Sales were ¥6,410 million, an increase of ¥857 million (15.4%) from the previous consolidated fiscal year. (Sales were ¥5,553 million in the previous consolidated fiscal year.) As the increases in cost of sales and selling, general and administrative expenses were restrained relative to the solid increase in sales, operating income was ¥437 million, an increase of ¥305 million from the previous consolidated fiscal year. (Operating income was ¥132 million in the previous consolidated fiscal year.) Accordingly, ordinary income increased by ¥285 million from the previous consolidated fiscal year to ¥519 million. (Ordinary income was ¥234 million in the previous consolidated fiscal year.)」
Sales increased 15.4% to ¥6,410 million, operating income was ¥437 million and ordinary income was ¥519 million, marking further growth in both sales and earnings from the previous year. Net income for the year also increased substantially to ¥1,771 million due to gains on sales of non-current assets. - FY2024-Q3AdvancedAnnual report
「As described above, demand for travel increased more than in the previous year as the legal classification of COVID-19 was shifted to Category 5 during a period of expanding demand for travel and outings, and the national travel assistance programme was extended. Sales of travel-related consumer publications, their subscription services and e-books, as well as advertising and specially commissioned products, grew steadily, resulting in sales of ¥4,212 million, an increase of ¥636 million (17.8%) from the previous third-quarter cumulative period of the consolidated fiscal year. (Sales were ¥3,575 million in the previous year.) In terms of earnings, the increases in cost of sales and selling, general and administrative expenses were restrained relative to the solid increase in sales, resulting in operating income of ¥44 million, an improvement of ¥309 million from the previous third-quarter cumulative period. (The previous year recorded an operating loss of ¥265 million.)」
Sales increased 17.8% year on year to ¥4,212 million, while operating income changed from a loss of ¥265 million in the previous year to income of ¥44 million. Increased sales and a return to operating profitability also progressed on a third-quarter cumulative basis. - FY2024-Q2AdvancedAnnual report
「Sales were ¥2,822 million, an increase of ¥411 million (17.0%) from the previous second-quarter cumulative period of the consolidated fiscal year. (Sales were ¥2,411 million in the previous year.) As the increases in cost of sales and selling, general and administrative expenses were restrained relative to the solid increase in sales, operating income was ¥3 million, an improvement of ¥220 million from the previous second-quarter cumulative period. (The previous year recorded an operating loss of ¥217 million.) Accordingly, ordinary income improved by ¥203 million to ¥47 million. (The previous year recorded an ordinary loss of ¥155 million.) As a result, net income attributable to owners of the parent improved by ¥191 million to ¥7 million. (The previous year recorded a net loss attributable to owners of the parent of ¥183 million.)」
Sales increased 17.0% year on year, while operating income changed from a loss of ¥217 million to income of ¥3 million. Ordinary income and net income attributable to owners of the parent also improved from losses to income. - FY2024-Q1AdvancedAnnual report
「Sales were ¥1,348 million, an increase of ¥121 million (9.9%) from the previous first-quarter cumulative period of the consolidated fiscal year. In terms of earnings, the increase in cost of sales was restrained relative to the solid increase in sales, and the operating loss improved by ¥63 million to ¥79 million. (The operating loss was ¥142 million in the previous year.)」
Sales increased by ¥121 million, or 9.9%, year on year, while the operating loss improved by ¥63 million, from ¥142 million to ¥79 million. The ordinary loss and net loss attributable to owners of the parent also narrowed, but the operating deficit continued. - FY2023-Q3AdvancedAnnual report
「In terms of earnings, cost of sales and selling, general and administrative expenses both decreased due to the effects of business-structure reform, particularly in the consumer publishing business, and because certain consolidated subsidiaries were removed from the scope of consolidation. The operating loss improved by ¥390 million to ¥265 million. (The operating loss was ¥656 million in the previous year.) Accordingly, the ordinary loss improved by ¥369 million to ¥183 million. (The ordinary loss was ¥553 million in the previous year.) In addition, the recognition of gains on sales of non-current assets and other factors contributed to a ¥569 million improvement in the net loss attributable to owners of the parent, which was ¥127 million. (The net loss attributable to owners of the parent was ¥696 million in the previous year.)」
Sales increased by ¥14 million, or 0.4%, year on year, while the operating loss improved by ¥390 million, from ¥656 million to ¥265 million. The ordinary loss and net loss attributable to owners of the parent also narrowed, although an operating loss remained. - FY2023-Q2AdvancedAnnual report
「Sales were ¥2,411 million, an increase of ¥22 million (1.0%) from the previous second-quarter cumulative period of the consolidated fiscal year. (Sales were ¥2,388 million in the previous year.) In terms of earnings, cost of sales and selling, general and administrative expenses both decreased due to the effects of business-structure reform, particularly in the consumer publishing business, and because certain consolidated subsidiaries were removed from the scope of consolidation. The operating loss improved by ¥349 million to ¥217 million. (The operating loss was ¥566 million in the previous year.)」
Sales increased by ¥22 million year on year, while the operating loss improved by ¥349 million, from ¥566 million to ¥217 million. The stated factors behind the improvement were the effects of business-structure reform and lower expenses associated with the change in the scope of consolidation. - FY2023-Q1AdvancedAnnual report
「Sales were ¥1,226 million, slightly below the previous year's level, a decrease of ¥23 million (1.8%) from the previous first-quarter cumulative period of the consolidated fiscal year. (Sales were ¥1,249 million in the previous year.) In terms of earnings, cost of sales and selling, general and administrative expenses both decreased due to the effects of business-structure reform, particularly in the consumer publishing business, and because certain consolidated subsidiaries were removed from the scope of consolidation, as with sales. The operating loss improved by ¥196 million to ¥142 million. (The operating loss was ¥338 million in the previous year.)」
Sales decreased 1.8% year on year, but the operating loss improved by ¥196 million, from ¥338 million to ¥142 million. The stated factors were lower expenses from business-structure reform and a change in the scope of consolidation. - FY2022AdvancedAnnual report
「The operating loss narrowed somewhat from the previous consolidated fiscal year to ¥1,407 million. (The operating loss was ¥1,448 million in the previous consolidated fiscal year.)」
Sales decreased to ¥4,619 million, while the operating loss narrowed by ¥41 million, from ¥1,448 million in the previous year to ¥1,407 million. - FY2022-Q3ReframedAnnual report
「In terms of earnings, cost of sales and selling, general and administrative expenses decreased from the previous year due to thorough cost control, including rationalisation and efficiency improvements centered on promoting digital transformation across all business areas. The operating loss was ¥656 million, almost unchanged from the previous year. (The operating loss was ¥653 million in the previous year.) Accordingly, the ordinary loss was ¥553 million. (The ordinary loss was ¥599 million in the previous year.) The net loss attributable to owners of the parent also narrowed from the previous year to ¥696 million. (The net loss attributable to owners of the parent was ¥807 million in the previous year.)」
Sales decreased from ¥4,582 million in the previous year to ¥3,560 million, while the operating loss was almost unchanged at ¥656 million and the ordinary loss and net loss attributable to owners of the parent narrowed. The description indicates simultaneous improvement and deterioration, accompanied by lower expenses from cost control. - FY2022-Q2WorsenedAnnual report
「The operating loss was ¥566 million. (The operating loss was ¥124 million in the previous year.) Accordingly, the ordinary loss was ¥506 million. (The ordinary loss was ¥74 million in the previous year.) As a result, the net loss attributable to owners of the parent was ¥585 million. (The net loss attributable to owners of the parent was ¥220 million in the previous year.)」
Sales decreased to ¥2,388 million from ¥3,298 million in the previous year, while the operating loss widened from ¥124 million to ¥566 million and the ordinary loss from ¥74 million to ¥506 million. - FY2022-Q1WorsenedAnnual report
「As a result, the net loss attributable to owners of the parent was ¥338 million. (The previous year recorded net income attributable to owners of the parent of ¥113 million.)」
The company changed from operating income of ¥217 million and ordinary income of ¥235 million in the previous year to an operating loss of ¥338 million and an ordinary loss of ¥295 million in the current quarter, while net income attributable to owners of the parent deteriorated from income of ¥113 million to a loss of ¥338 million. - FY2021WorsenedAnnual report
「Sales were ¥6,313 million, a decrease of ¥1,760 million from the previous consolidated fiscal year. In terms of earnings, the operating loss was ¥1,448 million, representing a ¥1,383 million widening of the loss from the previous consolidated fiscal year.」
Full-year sales decreased by ¥1,760 million year on year, while the operating loss widened by ¥1,383 million, from ¥65 million to ¥1,448 million. - FY2021-Q3WorsenedAnnual report
「Sales were ¥4,582 million, a decrease of ¥1,077 million from the previous third-quarter cumulative period of the consolidated fiscal year. (Sales were ¥5,659 million in the previous year.) In terms of earnings, cost of sales and selling, general and administrative expenses both decreased from the previous third-quarter cumulative period due to thorough cost control across all business areas and a decrease in the provision for the allowance for sales returns accompanying the decline in sales. However, this was insufficient to offset the decline in sales, and the operating loss widened by ¥430 million to ¥653 million.」
Sales decreased by ¥1,077 million year on year, while the operating loss widened by ¥430 million, from ¥222 million in the previous year to ¥653 million. An ordinary loss of ¥599 million and a net loss attributable to owners of the parent of ¥807 million were also recorded. - FY2021-Q2ReframedAnnual report
「Sales were ¥3,298 million, a decrease of ¥660 million from the previous second-quarter cumulative period of the consolidated fiscal year. (Sales were ¥3,958 million in the previous year.) In terms of earnings, through thorough cost control across all business areas, a decrease in the provision for the allowance for sales returns accompanying the decline in sales, and recognition of revenue from the real estate business, where cost of sales remained almost at book value, the operating loss improved by ¥44 million to ¥124 million. (The operating loss was ¥169 million in the previous year.) Accordingly, the ordinary loss improved by ¥54 million to ¥74 million. (The ordinary loss was ¥128 million in the previous year.) However, the net loss attributable to owners of the parent widened by ¥78 million to ¥220 million. (The net loss attributable to owners of the parent was ¥141 million in the previous year.)」
Sales decreased by ¥660 million year on year, while the operating and ordinary losses improved. However, the net loss attributable to owners of the parent widened to ¥220 million, with improvement and deterioration occurring at the same time. - FY2021-Q1ReframedAnnual report
「In terms of earnings, through thorough cost control across all business areas and recognition of revenue from the real estate business, where cost of sales remained almost at book value, operating income was ¥217 million, an increase of ¥480 million from the previous first-quarter cumulative period of the consolidated fiscal year. (The previous year recorded an operating loss of ¥262 million.)」
The company moved from an operating loss of ¥262 million in the previous year to operating income of ¥217 million. The stated factors behind the improvement were company-wide cost control and recognition of revenue from the real estate business. - FY2020-Q3AdvancedAnnual report
「As a result, total net sales decreased by ¥623 million (9.9%) from the previous third-quarter cumulative period of the consolidated fiscal year to ¥5,647 million. The operating loss improved by ¥94 million year on year to ¥225 million. (The operating loss was ¥320 million in the previous year.) Accordingly, the ordinary loss improved by ¥106 million to ¥162 million.」
Sales decreased by ¥623 million year on year, while the operating loss improved by ¥94 million, from ¥320 million to ¥225 million, and the ordinary loss improved by ¥106 million. - FY2020-Q2AdvancedAnnual report
「As a result, total net sales decreased by ¥422 million (9.7%) from the previous second-quarter consolidated accounting period to ¥3,950 million. The operating loss improved by ¥143 million year on year to ¥171 million. (The operating loss was ¥315 million in the previous year.) Accordingly, the ordinary loss improved by ¥147 million to ¥128 million. (The ordinary loss was ¥276 million in the previous year.) As a result, the net loss attributable to owners of the parent improved by ¥162 million to ¥141 million. (The net loss attributable to owners of the parent was ¥303 million in the previous year.)」
Sales decreased 9.7% year on year, while the operating loss, ordinary loss and net loss attributable to owners of the parent improved by ¥143 million, ¥147 million and ¥162 million, respectively. - FY2020-Q1AdvancedAnnual report
「As a result, the operating loss improved by ¥48 million year on year to ¥263 million. (The operating loss was ¥311 million in the previous year.) Accordingly, the ordinary loss improved by ¥56 million to ¥234 million. (The ordinary loss was ¥291 million in the previous year.) As a result, the net loss attributable to owners of the parent improved by ¥69 million to ¥242 million. (The net loss attributable to owners of the parent was ¥311 million in the previous year.)」
Sales decreased 9.5% year on year, while the operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the previous year. - FY2019ReframedAnnual report
「As a result, the operating loss improved by ¥405 million from the previous consolidated fiscal year to ¥655 million. (The operating loss was ¥1,060 million in the previous consolidated fiscal year.) The ordinary loss improved by ¥427 million to ¥590 million. As a result, the net loss attributable to owners of the parent was ¥1,815 million. (The net loss attributable to owners of the parent was ¥1,768 million in the previous consolidated fiscal year.)」
While the operating and ordinary losses improved, the net loss attributable to owners of the parent deteriorated from the previous year due to the recognition of special retirement payments and impairment losses. - FY2019-Q3AdvancedAnnual report
「As a result, total net sales decreased by ¥311 million (4.7%) from the previous third-quarter cumulative period of the consolidated fiscal year to ¥6,271 million. In terms of earnings, the burden from the difference in the provision for the allowance for sales returns increased by ¥9 million compared with the previous third-quarter cumulative period, but cost of sales decreased substantially more than the decline in sales because the efficiency gains from the business-structure reform continued. Selling, general and administrative expenses increased by ¥77 million from the previous third-quarter cumulative period, partly because a change in the bonus system last fiscal year made part of bonus payments performance-linked, resulting in a reversal of part of the bonus provision to the salaries, allowances and bonuses account. As a result, the operating loss improved by ¥306 million year on year to ¥320 million. (The operating loss was ¥627 million in the previous year.) The ordinary loss also improved by ¥318 million to ¥269 million. (The ordinary loss was ¥587 million in the previous year.)」
Sales decreased 4.7% year on year, while the operating loss improved by ¥306 million, from ¥627 million to ¥320 million, and the ordinary loss narrowed from ¥587 million to ¥269 million. - FY2019-Q2AdvancedAnnual report
「As a result, the operating loss improved by ¥232 million year on year to ¥315 million. (The operating loss was ¥547 million in the previous year.) Accordingly, the ordinary loss improved by ¥240 million to ¥276 million. (The ordinary loss was ¥517 million in the previous year.) As a result, the net loss attributable to owners of the parent improved by ¥230 million to ¥303 million. (The net loss attributable to owners of the parent was ¥534 million in the previous year.)」
Sales decreased 5.9% year on year, while the operating loss, ordinary loss and net loss attributable to owners of the parent improved by ¥232 million, ¥240 million and ¥230 million, respectively. - FY2019-Q1AdvancedAnnual report
「As a result, the operating loss improved by ¥82 million year on year to ¥311 million. (The operating loss was ¥394 million in the previous year.) Accordingly, the ordinary loss improved by ¥85 million to ¥291 million. (The ordinary loss was ¥376 million in the previous year.) As a result, the net loss attributable to owners of the parent improved by ¥80 million to ¥311 million. (The net loss attributable to owners of the parent was ¥391 million in the previous year.)」
Sales decreased 4.4% year on year, while the operating loss, ordinary loss and net loss attributable to owners of the parent improved by ¥82 million, ¥85 million and ¥80 million, respectively. However, operating and other losses remained. - FY2018AdvancedAnnual report
「As a result, the operating loss improved by ¥1,215 million from the previous consolidated fiscal year to ¥1,060 million. (The operating loss was ¥2,276 million in the previous consolidated fiscal year.) The ordinary loss improved by ¥1,188 million to ¥1,018 million. (The ordinary loss was ¥2,206 million in the previous consolidated fiscal year.)」
Sales decreased 11.2% year on year, while the operating loss improved by ¥1,215 million and the ordinary loss by ¥1,188 million. However, an operating loss of ¥1,060 million remained. - FY2018-Q3AdvancedAnnual report
「As a result, the operating loss improved by ¥622 million year on year to ¥627 million. (The operating loss was ¥1,249 million in the previous year.) Accordingly, the ordinary loss improved by ¥602 million to ¥587 million. (The ordinary loss was ¥1,190 million in the previous year.) As a result, the net loss attributable to owners of the parent improved by ¥578 million to ¥615 million. (The net loss attributable to owners of the parent was ¥1,194 million in the previous year.)」
Sales decreased 6.4% year on year, while the operating loss, ordinary loss and net loss attributable to owners of the parent improved by ¥622 million, ¥602 million and ¥578 million, respectively. - FY2018-Q2AdvancedAnnual report
「As a result, total net sales decreased by ¥103 million (2.2%) from the previous second-quarter cumulative period of the consolidated fiscal year to ¥4,647 million. In terms of earnings, the burden from the difference in the provision for the allowance for sales returns increased by ¥188 million compared with the previous second-quarter cumulative period, but the effects of efficiency gains from the business-structure reform had begun to emerge, and cost of sales decreased by more than the decline in sales. Selling, general and administrative expenses also decreased by ¥332 million from the previous second-quarter cumulative period, due to lower personnel costs resulting from workforce reductions and cuts in various expenses. Consequently, the operating loss improved by ¥452 million year on year to ¥547 million. (The operating loss was ¥1,000 million in the previous year.)」
Sales decreased 2.2% year on year, while the operating loss improved by ¥452 million, from ¥1,000 million to ¥547 million, narrowing the loss. - FY2018-Q1ReframedAnnual report
「As a result, the operating loss improved by ¥127 million year on year to ¥394 million. (The operating loss was ¥521 million in the previous year.) Accordingly, the ordinary loss improved by ¥119 million to ¥376 million. (The ordinary loss was ¥496 million in the previous year.)」
Sales decreased ¥15 million year on year, while the operating loss improved by ¥127 million, from ¥521 million to ¥394 million, marking a shift from widening losses to narrowing losses. - FY2017WorsenedAnnual report
「As a result, total net sales decreased by ¥2,720 million (20.9%) from the previous consolidated fiscal year to ¥10,314 million. In terms of earnings, in addition to the substantial decline in sales, both cost of sales and selling, general and administrative expenses increased due to factors including higher bonus provisions following changes to the personnel system and higher allowance for doubtful accounts following the bankruptcy of a business partner that specializes in map distribution. Consequently, the company recorded an operating loss of ¥2,276 million, compared with operating income of ¥306 million in the previous consolidated fiscal year, and an ordinary loss of ¥2,206 million.」
Full-year sales decreased 20.9% year on year, while earnings deteriorated from operating income to an operating loss of ¥2,276 million and from ordinary income to an ordinary loss of ¥2,206 million. - FY2017-Q3WorsenedAnnual report
「As a result, total revenue decreased by ¥1,563 million, or 18.2%, from the cumulative third quarter of the previous fiscal year to ¥7,032 million. In terms of profit and loss, although ¥347 million of the provision for returns was reversed, performance deteriorated substantially compared with the cumulative third quarter of the previous fiscal year due to a substantial increase in returns of trade books, a decline in high-margin electronic sales, higher expenses under retirement benefit accounting and front-loaded expenses in the new inbound tourism business, among other factors. The Company recorded an operating loss of ¥1,249 million, compared with an operating loss of ¥464 million in the same period of the previous year.」
Revenue decreased 18.2% year on year, while the operating loss widened from ¥464 million in the same period of the previous year to ¥1,249 million. - FY2017-Q2WorsenedAnnual report
「As a result, total revenue decreased by ¥1,279 million, or 21.2%, from the cumulative second quarter of the previous fiscal year to ¥4,750 million. In terms of profit and loss, although ¥276 million of the provision for returns was reversed, performance deteriorated substantially compared with the cumulative second quarter of the previous fiscal year due to a substantial increase in returns of trade books, a decline in high-margin electronic sales, higher expenses under retirement benefit accounting and front-loaded expenses in the new inbound tourism business, among other factors. The Company recorded an operating loss of ¥1.0 billion, compared with an operating loss of ¥449 million in the same period of the previous year.」
Revenue decreased 21.2% year on year, while the operating loss widened from ¥449 million in the same period of the previous year to ¥1.0 billion. - FY2017-Q1First statedAnnual report
「As a result, total revenue decreased by ¥1,021 million, or 30.8%, from the cumulative first quarter of the previous fiscal year to ¥2,297 million. In terms of profit and loss, although there was no provision for doubtful accounts, which had been recorded in the cumulative first quarter of the previous fiscal year, and the provision for returns was reversed, performance deteriorated compared with the cumulative first quarter of the previous fiscal year due to a substantial increase in returns of trade books, a decline in high-margin electronic sales, higher expenses under retirement benefit accounting and front-loaded expenses in the new inbound tourism business, among other factors. The Company recorded an operating loss of ¥521 million, compared with an operating loss of ¥173 million in the same period of the previous year.」
Revenue decreased 30.8% year on year, while the operating loss widened from ¥173 million in the same period of the previous year to ¥521 million.