Profit pressure on the machinery and tools sales business from share acquisition-related expenses and other costs
First written in FY2018-Q3. 1 of 4 entries say "Materialised", first in FY2018. Latest entry: FY2020.
Ichinen Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「In terms of earnings, expenses increased due to the renewal of manufacturing equipment to improve production efficiency for the company's own products and other factors. However, sales of air-conditioning tools and measuring instruments progressed steadily due to an increase in air-conditioning installation work at public schools and other factors. 株式会社トヨシマ, which became a consolidated subsidiary in the previous fiscal year and is now 株式会社イチネンＭＴＭ, and 株式会社アクセス, which became a consolidated subsidiary during the current fiscal year, also contributed to higher sales. As a result, sales were ¥24,671 million, up 42.6% from the previous fiscal year, and segment profit was ¥317 million, up 11.3%.」
The previous pressure on profit from share acquisition-related expenses was not mentioned in the current year's business results, while the renewal of manufacturing equipment and other factors were identified as drivers of higher expenses. Segment profit increased 11.3% from the previous fiscal year. - FY2020-Q1WorsenedAnnual report
「In terms of earnings, sales of air-conditioning tools and measuring instruments remained firm, while sales of machinery tools and automotive repair tools declined. In addition, 株式会社トヨシマ, which became a consolidated subsidiary in the previous fiscal year and is now 株式会社イチネンＭＴＭ, contributed to higher sales, but expenses increased due to the renewal of manufacturing equipment to improve production efficiency for the company's own products and other factors. As a result, sales were ¥4,806 million, up 35.7% year on year, and segment profit was ¥45 million, down 66.4%.」
Although sales increased with contributions from the Toyoshima business and other factors, segment profit in the machinery and tools sales business fell 66.4% year on year due to higher expenses from the renewal of manufacturing equipment and lower sales of some products. - FY2018MaterialisedAnnual report
「In addition, selling, general and administrative expenses, including share acquisition-related expenses, increased from the previous fiscal year. As a result, sales were ¥12,912 million, up 2.6% year on year, and segment profit was ¥120 million, down 59.8%.」
The increase in share acquisition-related expenses and other costs pressured profit in the machinery and tools sales business on an annual basis, with segment profit down 59.8% year on year. - FY2018-Q3First statedAnnual report
「In terms of earnings, sales of air-conditioning tools and measuring instruments remained firm, while sales of power tools and DIY products declined. In addition, selling, general and administrative expenses, including share acquisition-related expenses, increased from the same period of the previous year. As a result, sales were ¥9,458 million, up 1.4% year on year, and segment profit was ¥116 million, down 47.3%.」
The increase in selling, general and administrative expenses, including share acquisition-related expenses, was identified for the first time as a factor behind the decline in segment profit in the machinery and tools sales business.