Building a structure capable of generating stable profits and resuming dividends at an early stage
First written in FY2016. 18 of 37 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-11-10.
The whole theme swung hardest in 2017: 3 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026AdvancedAnnual report
「For the consolidated fiscal year under review, consolidated net sales were ¥297.065 billion, up 8.2% year on year, consolidated operating profit was ¥6.071 billion, up 0.5%, consolidated ordinary profit was ¥7.555 billion, up 11.5%, and net profit attributable to owners of the parent was ¥9.682 billion, up 26.1%.」
For the full year, the company posted operating profit of ¥6.071 billion, ordinary profit of ¥7.555 billion and net profit attributable to owners of the parent of ¥9.682 billion, with ordinary profit and net profit exceeding the previous year. - FY2026-H1AdvancedAnnual report
「For the six months ended the second quarter of the fiscal year under review, consolidated net sales rose 9.0% year on year to ¥146.547 billion, as domestic travel, overseas travel and inbound travel remained firm. Although personnel expenses, including base-pay increases, and system-related expenses rose, the company increased gross profit through higher sales and optimized spending, resulting in consolidated operating profit of ¥2.978 billion, up 33.1%, consolidated ordinary profit of ¥3.525 billion, up 36.3%, and interim net profit attributable to owners of the parent of ¥3.122 billion, up 23.8%.」
In the interim period, operating profit was ¥2.978 billion, ordinary profit was ¥3.525 billion and interim net profit was ¥3.122 billion, with each profit increasing year on year. The company also cited optimized spending, demonstrating measurable improvement toward a structure capable of generating profits. - FY2025WorsenedAnnual report
「For the consolidated fiscal year under review, consolidated net sales were ¥274.516 billion, up 7.5% year on year, consolidated operating profit was ¥6.040 billion, down 16.9%, consolidated ordinary profit was ¥6.776 billion, down 15.1%, and net profit attributable to owners of the parent was ¥7.680 billion, up 1.9%.」
Although the company remained profitable and net profit increased, operating profit and ordinary profit declined year on year, resulting in some deterioration in annual performance related to the stable earnings structure. - FY2025-H1Profit declined year on year but improved from pre-COVID levelsAnnual report
「For the six months ended the second quarter of the fiscal year under review, consolidated net sales rose 8.0% year on year to ¥134.422 billion, as handling volumes increased, mainly in overseas travel. Meanwhile, despite efforts to reduce costs through business-structure reforms, consolidated operating profit fell 32.3% to ¥2.237 billion because handling of contracted government business declined sharply. Consolidated ordinary profit fell 26.0% to ¥2.586 billion, and interim net profit attributable to owners of the parent fell 8.5% to ¥2.522 billion. Compared with the second quarter of the fiscal year ending March 2019, before the COVID-19 pandemic, operating profit increased by ¥710 million, or 46.5%, due to the effects of the business-structure reforms.」
In the interim period, operating profit, ordinary profit and interim net profit declined year on year, while operating profit increased by ¥710 million, or 46.5%, from the corresponding interim period of the fiscal year ending March 2019 because of the effects of the business-structure reforms. - FY2024WorsenedAnnual report
「For the consolidated fiscal year under review, consolidated net sales were ¥255.427 billion, up 1.3% year on year, consolidated operating profit was ¥7.272 billion, down 36.3%, consolidated ordinary profit was ¥7.977 billion, down 33.8%, and net profit attributable to owners of the parent was ¥7.540 billion, down 36.0%.」
Although the company remained profitable, operating profit, ordinary profit and net profit attributable to owners of the parent all declined from the previous fiscal year, and annual performance related to the stable earnings structure deteriorated. - FY2024-Q3WorsenedAnnual report
「As a result, consolidated net sales for the nine months ended the third quarter of the fiscal year under review were ¥198.206 billion, up 5.2% year on year, consolidated operating profit was ¥6.460 billion, down 24.2%, consolidated ordinary profit was ¥6.838 billion, down 24.4%, and quarterly net profit attributable to owners of the parent was ¥5.860 billion, down 35.4%.」
Although the company remained profitable, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the same period of the previous year. - FY2024-Q2AdvancedAnnual report
「As a result, consolidated net sales for the six months ended the second quarter of the fiscal year under review were ¥124.516 billion, up 16.7% year on year, consolidated operating profit was ¥3.306 billion, up 63.2%, consolidated ordinary profit was ¥3.493 billion, up 38.2%, and quarterly net profit attributable to owners of the parent was ¥2.757 billion, up 7.5%.」
The company remained profitable following the first quarter, posting operating profit of ¥3.306 billion, ordinary profit of ¥3.493 billion and quarterly net profit of ¥2.757 billion for the six months ended the second quarter. Each profit increased year on year, indicating continued measurable improvement toward a structure capable of generating profits. - FY2024-Q1AdvancedAnnual report
「As a result, consolidated net sales for the first quarter of the fiscal year under review were ¥63.833 billion, up 22.3% year on year, consolidated operating profit was ¥2.533 billion, up 244.7%, consolidated ordinary profit was ¥2.611 billion, up 143.2%, and quarterly net profit attributable to owners of the parent was ¥2.068 billion, up 75.6%.」
In the first quarter, operating profit was ¥2.533 billion, ordinary profit was ¥2.611 billion and quarterly net profit was ¥2.068 billion, all up from the same period of the previous year. Measurable improvement toward a structure capable of generating stable profits continued. - FY2023AdvancedAnnual report
「The equity ratio for the consolidated fiscal year under review was 25.9%, an improvement of 2.2 percentage points from the previous fiscal year, while ROE was 39.2%, compared with negative 79.1% in the previous fiscal year. We will continue working to improve these indicators.」
The equity ratio was 25.9% and ROE was 39.2% as indicators related to building a stable earnings structure, with ROE improving from a negative figure in the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「For the nine months ended the third quarter of the fiscal year under review, consolidated net sales were ¥188.416 billion, up 79.5% year on year, and consolidated operating profit was ¥8.518 billion, compared with a consolidated operating loss of ¥7.758 billion in the same period of the previous year. Consolidated ordinary profit was ¥9.045 billion, compared with a consolidated ordinary loss of ¥4.472 billion, and quarterly net profit attributable to owners of the parent was ¥9.077 billion, compared with a quarterly net loss attributable to owners of the parent of ¥5.805 billion.」
Against the goal of building a structure capable of generating stable profits, the company remained profitable through the nine months ended the second quarter and posted operating profit of ¥8.518 billion, ordinary profit of ¥9.045 billion and quarterly net profit of ¥9.077 billion. - FY2023-Q2AdvancedAnnual report
「For the six months ended the second quarter of the fiscal year under review, consolidated net sales were ¥106.731 billion, up 85.5% year on year, and consolidated operating profit was ¥2.025 billion, compared with a consolidated operating loss of ¥8.483 billion in the same period of the previous year. Consolidated ordinary profit was ¥2.528 billion, compared with a consolidated ordinary loss of ¥5.925 billion, and quarterly net profit attributable to owners of the parent was ¥2.564 billion, compared with a quarterly net loss attributable to owners of the parent of ¥6.853 billion.」
Toward building a structure capable of generating stable profits, the company posted operating profit, ordinary profit and quarterly net profit for the second consecutive quarter, following the first quarter, and remained profitable compared with the losses recorded in the same period of the previous year. - FY2023-Q1AdvancedAnnual report
「During the first quarter of the fiscal year under review, our group posted consolidated operating profit of ¥735 million, consolidated ordinary profit of ¥1.074 billion and quarterly net profit attributable to owners of the parent of ¥1.177 billion.」
Against the goal of building a structure capable of generating stable profits, the company moved from an operating loss of ¥7.431 billion in the same period of the previous year to operating profit of ¥735 million in the current quarter, while ordinary profit and quarterly net profit also returned to profitability. - FY2022AdvancedAnnual report
「Consolidated net sales were ¥139.957 billion, up 59.2% year on year, the consolidated operating loss was ¥7.686 billion, compared with an operating loss of ¥27.082 billion in the previous fiscal year, and the consolidated ordinary loss was ¥3.886 billion, compared with an ordinary loss of ¥16.727 billion,」
Although the operating loss and ordinary loss continued for the full year, the operating loss narrowed from ¥27.082 billion to ¥7.686 billion, while the ordinary loss narrowed from ¥16.727 billion to ¥3.886 billion. - FY2022-Q2AdvancedAnnual report
「As a result, consolidated net sales for the six months ended the second quarter of the fiscal year under review were ¥57.546 billion, up 262.7% year on year, and the consolidated operating loss was ¥8.483 billion, compared with a consolidated operating loss of ¥23.179 billion in the same period of the previous year. However, partly because the company recognized an expected ¥2.727 billion in employment adjustment subsidies as non-operating income, the consolidated ordinary loss was ¥5.925 billion, compared with ¥15.734 billion, and the quarterly net loss attributable to owners of the parent was ¥6.853 billion, compared with ¥16.846 billion.」
Although the company had not returned to profitability, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. - FY2022-Q1AdvancedAnnual report
「The consolidated operating loss was ¥7.431 billion, compared with a consolidated operating loss of ¥14.252 billion in the same period of the previous year.」
Although the company had not achieved a structure capable of generating stable profits, the operating loss narrowed from ¥14.252 billion in the same period of the previous year to ¥7.431 billion. - FY2021WorsenedAnnual report
「Consolidated net sales were ¥87.889 billion, down 77.2% year on year, the consolidated operating loss was ¥27.082 billion, compared with an operating loss of ¥1.608 billion in the previous fiscal year, and the consolidated ordinary loss was ¥16.727 billion, compared with an ordinary loss of ¥1.415 billion. Net loss attributable to owners of the parent was ¥28.456 billion, compared with a net loss attributable to owners of the parent of ¥7.443 billion in the previous fiscal year.」
Against the goal of building a stable earnings structure, net sales declined 77.2% and the operating loss, ordinary loss and net loss all increased from the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Consolidated net sales for the nine months ended the third quarter of the fiscal year under review were ¥61.234 billion, down 81.1% year on year. Despite considerable efforts to reduce personnel expenses, rent and other costs, the consolidated operating loss was ¥26.194 billion, a decrease of ¥30.342 billion from the same period of the previous year.」
Despite efforts to reduce costs, the nine-month cumulative operating loss was ¥26.194 billion and net sales were down 81.1% year on year, indicating that performance against the goal of building a structure capable of generating stable profits deteriorated further. - FY2021-Q2WorsenedAnnual report
「Consolidated net sales were ¥15.865 billion, down 92.6% year on year. Despite considerable efforts to reduce personnel expenses, rent and other costs, the consolidated operating loss was ¥23.179 billion, a decrease of ¥26.552 billion from the same period of the previous year.」
Net sales fell 92.6% year on year, and despite efforts to reduce costs, the company posted an operating loss of ¥23.179 billion. Performance against the goal of building a structure capable of generating stable profits deteriorated further from the first quarter. - FY2021-Q1WorsenedAnnual report
「Consolidated net sales were ¥3.322 billion, down 97.0% year on year, and the consolidated operating loss was ¥14.252 billion, a decrease of ¥16.952 billion from the same period of the previous year. However, partly because the company recognized an expected ¥4.425 billion in employment adjustment subsidies as non-operating income, the consolidated ordinary loss was ¥9.405 billion, a decrease of ¥12.079 billion, and the quarterly net loss attributable to owners of the parent was ¥9.804 billion, a decrease of ¥11.477 billion.」
Against the goal of building a structure capable of generating stable profits, the loss of demand caused by the infectious disease resulted in a first-quarter operating loss of ¥14.252 billion, an ordinary loss of ¥9.405 billion and a quarterly net loss attributable to owners of the parent of ¥9.804 billion. - FY2020WorsenedAnnual report
「The equity ratio for the consolidated fiscal year under review was 20.3%, an improvement of 1.3 percentage points from the previous fiscal year, while ROE was negative 32.9%, a decline of 37.8 percentage points. The equity ratio fell 1.7 percentage points short of the plan, while ROE fell 41.9 percentage points short of the plan.」
While the equity ratio improved, ROE was negative 32.9%, falling 41.9 percentage points short of the plan. Performance indicators related to building a stable earnings structure deteriorated. - FY2020-Q3AdvancedAnnual report
「As a result, consolidated net sales for the nine months ended the third quarter of the fiscal year under review were ¥323.841 billion, up 1.0% year on year, despite weaker demand during the peak autumn season due to Typhoon No. 19 and other factors, as handling of individual travel products during Golden Week contributed. Consolidated operating profit was ¥4.148 billion, up 36.9%, and consolidated ordinary profit was ¥4.425 billion, up 35.1%. However, profit attributable to owners of the parent was ¥2.573 billion, down 1.1%, because the same period of the previous year benefited from a reduction in the tax burden associated with the merger of consolidated subsidiaries.」
Net sales, operating profit and ordinary profit exceeded the same period of the previous year, with operating profit of ¥4.148 billion and ordinary profit of ¥4.425 billion. Meanwhile, quarterly net profit declined 1.1% year on year because of the reversal of the lower tax burden in the same period of the previous year. - FY2020-Q2AdvancedAnnual report
「As a result, consolidated net sales for the six months ended the second quarter of the fiscal year under review were ¥215.069 billion, up 3.6% year on year, partly reflecting strong handling of individual travel products for both overseas and domestic travel during Golden Week and the rebound from declines in sales and profit caused by natural disasters such as earthquakes, typhoons and torrential rains in the previous fiscal year. Consolidated operating profit was ¥3.373 billion, up 120.9%, consolidated ordinary profit was ¥3.395 billion, up 98.4%, and profit attributable to owners of the parent was ¥2.055 billion, up 24.4%.」
Net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year, representing measurable progress in earnings. - FY2020-Q1AdvancedAnnual report
「As a result, consolidated net sales for the first quarter of the fiscal year under review were ¥109.534 billion, up 7.2% year on year, consolidated operating profit was ¥2.700 billion, an increase of ¥2.639 billion, consolidated ordinary profit was ¥2.674 billion, an increase of ¥2.510 billion, and profit attributable to owners of the parent was ¥1.673 billion, up 61.3%.」
Operating profit rose from ¥60 million in the same period of the previous year to ¥2.700 billion in the current quarter, while ordinary profit and quarterly net profit also increased. Although the company did not state that it had achieved a structure capable of generating stable profits, the results showed a measurable improvement in earnings from the same period of the previous year. - FY2019WorsenedAnnual report
「Our group places emphasis on expanding net sales and operating profit, while also setting targets of an equity ratio of at least 22% and return on equity of at least 9% as indicators of stability and efficiency.」
While the company specified targets of an equity ratio of at least 22% and ROE of at least 9%, actual results were an equity ratio of 19.0% and ROE of 4.9%, falling 3.0 and 4.1 percentage points short of the respective plans. - FY2019-Q3WorsenedAnnual report
「As a result, consolidated net sales for the nine months ended the third quarter of the fiscal year under review were ¥320.722 billion, up 0.8% year on year. However, consolidated operating profit was ¥3.031 billion, down 29.0%, and consolidated ordinary profit was ¥3.275 billion, down 25.0%, due to cancellation costs arising from successive natural disasters and the impact of intensifying competition in individual travel products, among other factors. Profit attributable to owners of the parent was ¥2.600 billion, up 2.8%, mainly because of the reduction in the tax burden associated with the merger of consolidated subsidiaries.」
Operating profit and ordinary profit declined year on year because of cancellation costs associated with natural disasters and the impact of intensifying competition in individual travel products, slowing progress toward a structure capable of generating stable profits. Meanwhile, quarterly net profit increased because of the lower tax burden associated with the merger. - FY2019-Q2WorsenedAnnual report
「Although the company worked diligently on the measures described above, the impact of successive natural disasters resulted in consolidated net sales of ¥207.497 billion for the six months ended the second quarter of the fiscal year under review, down 0.7% year on year, consolidated operating profit of ¥1.527 billion, down 43.8%, and consolidated ordinary profit of ¥1.711 billion, down 37.1%. Nevertheless, profit attributable to owners of the parent rose to ¥1.652 billion, up 3.4%, mainly because of the reduction in the tax burden associated with the merger of consolidated subsidiaries.」
The impact of natural disasters reduced operating profit and ordinary profit from the same period of the previous year, slowing progress toward a structure capable of generating stable profits. Meanwhile, quarterly net profit increased because of the lower tax burden associated with the merger. - FY2019-Q1WorsenedAnnual report
「As a result, consolidated net sales for the first quarter of the fiscal year under review were ¥102.139 billion, up 0.3% year on year. However, profit margins declined because domestic travel performed poorly due to the early blooming of the cherry blossoms and the Northern Osaka Earthquake, among other factors, resulting in consolidated operating profit of ¥60 million, down 93.1%, and consolidated ordinary profit of ¥163 million, down 82.2%. Nevertheless, profit attributable to owners of the parent rose to ¥1.037 billion, up 183.9%, mainly because of the reduction in the tax burden associated with the merger of consolidated subsidiaries.」
Domestic travel weakness caused operating profit and ordinary profit to decline sharply from the same period of the previous year, temporarily slowing progress toward a stable earnings structure. Meanwhile, profit attributable to owners of the parent increased because of the lower tax burden. - FY2018AdvancedAnnual report
「The equity ratio for the consolidated fiscal year under review was 19.3%, an improvement of 0.3 percentage points from the previous fiscal year, while return on equity (ROE) was 5.7%, an improvement of 11.2 percentage points. We will continue working to improve these indicators.」
The equity ratio was 19.3% and ROE was 5.7% as indicators of progress toward building a stable earnings structure, with both improving from the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「As a result, consolidated net sales for the nine months ended the third quarter of the fiscal year under review were ¥318.060 billion, up 2.6% year on year, consolidated operating profit was ¥4.271 billion, up 29.8%, consolidated ordinary profit was ¥4.365 billion, up 32.4%, and profit attributable to owners of the parent was ¥2.528 billion, up 33.7%.」
Operating profit, ordinary profit and quarterly net profit attributable to owners of the parent exceeded the same period of the previous year on a nine-month cumulative basis, demonstrating progress toward building a stable earnings structure. - FY2018-Q2AdvancedAnnual report
「As a result, consolidated net sales for the six months ended the second quarter of the fiscal year under review were ¥208.928 billion, up 2.7% year on year, consolidated operating profit was ¥2.716 billion, up 24.2%, consolidated ordinary profit was ¥2.721 billion, up 23.0%, and profit attributable to owners of the parent was ¥1.597 billion, up 34.9%.」
Although the company did not state that a structure capable of generating stable profits had been completed, operating profit, ordinary profit and quarterly net profit all exceeded the same period of the previous year, demonstrating an improvement in the earnings structure. - FY2018-Q1AdvancedAnnual report
「As a result, consolidated net sales for the first quarter of the fiscal year under review were ¥101.811 billion, up 5.5% year on year, consolidated operating profit was ¥868 million, compared with an operating loss of ¥13 million in the same period of the previous year, consolidated ordinary profit was ¥922 million, compared with ordinary profit of ¥52 million, and profit attributable to owners of the parent was ¥365 million, compared with a quarterly net loss of ¥275 million.」
Although the company did not state that a structure capable of generating stable profits had been completed, it moved from an operating loss and net loss in the same period of the previous year to operating profit and quarterly net profit in the current quarter. - FY2017RestatedAnnual report
「The top priority for our group is to build an earnings structure capable of generating stable profits. While we place emphasis on operating profit, we have also established the equity ratio and return on equity as indicators of stability and efficiency.」
The company identified building a stable earnings structure as its top priority and stated a policy of emphasizing operating profit, the equity ratio and return on equity. - FY2016First statedAnnual report
「We will pursue business-structure reforms and build a structure capable of generating stable profits so that we can resume dividend payments to shareholders at an early stage.」
Following the decision not to pay a dividend for the period, the company is using a shift toward growth areas and business-structure reforms to stabilize profits and resume dividends.