Insufficient fixed-cost absorption and deterioration in earnings due to lower sales
First written in FY2017-Q2. 4 of 37 entries say "Advanced", first in FY2025-H1. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1AdvancedAnnual report
「Operating profit amounted to ¥1,594 million, up 93.8% year on year, partly reflecting improved profitability in government demand projects. Although interest expense, included in non-operating expenses, increased 55% year on year, ordinary profit amounted to ¥1,521 million, up 89.2%, and interim net income attributable to owners of the parent amounted to ¥1,024 million, up 96.9%.」
Against a backdrop of improved profitability in government demand projects, operating profit, ordinary profit and interim net income attributable to owners of the parent significantly exceeded the same period of the previous year. Although interest expense increased 55% year on year, ordinary profit also increased 89.2%. - FY2026Higher sales and lower profitAnnual report
「Net sales increased by ¥458 million from the previous consolidated fiscal year to ¥18,856 million, up 2.5% from the previous fiscal year. The main factor was higher sales from private-sector demand projects. As a result, ordinary profit declined by ¥450 million from the previous consolidated fiscal year to ¥1,074 million, down 29.6% from the previous fiscal year.」
Although higher sales from private-sector demand projects led to revenue growth, ordinary profit declined by ¥450 million to ¥1,074 million due to a higher cost ratio and increased interest expense. - 2026-05-29WorsenedGeneral Meeting of Shareholders
「Revenue was ¥18,856 million, up 2.5% from the previous fiscal year, despite shortfalls against the plan in orders received and projects completed during the period for government-demand projects.」
増収ではあるものの、官公庁需要案件の期中受注・期中完工が計画未達となり、営業利益、経常利益および親会社株主に帰属する当期純利益が前期を下回ったことを記載している。 - FY2026-H1AdvancedAnnual report
「Net sales amounted to ¥9,710 million, up 15.9% year on year. In terms of earnings, a 2-point improvement in the cost of sales ratio from the same period of the previous year resulted in operating profit of ¥822 million, up 92.3% year on year, ordinary profit of ¥804 million, up 73.5%, and interim net income attributable to owners of the parent of ¥520 million, up 55.4%.」
Net sales increased 15.9% year on year, with operating profit of ¥822 million, ordinary profit of ¥804 million and interim net income attributable to owners of the parent of ¥520 million. The company reported revenue and profit growth accompanied by an improvement in the cost of sales ratio. - FY2025AdvancedAnnual report
「Net sales increased by ¥1,221 million from the previous consolidated fiscal year to ¥18,397 million, up 7.1% from the previous fiscal year. The main factor was higher order prices for government demand projects and other factors.」
Following revenue and significant profit growth in the previous fiscal year, net sales amounted to ¥18,397 million, operating profit to ¥1,511 million, ordinary profit to ¥1,525 million and net income attributable to owners of the parent to ¥1,069 million, all exceeding the same period of the previous year. - FY2025-H1AdvancedAnnual report
「Net sales amounted to ¥8,376 million, up 3.7% year on year. In terms of earnings, a 2.1-point improvement in the cost of sales ratio from the same period of the previous year resulted in operating profit of ¥427 million, up 52.2% year on year, and ordinary profit of ¥463 million, up 38.5% year on year.」
Net sales increased 3.7% year on year, and the 2.1-point improvement in the cost of sales ratio contributed to operating profit of ¥427 million and ordinary profit of ¥463 million. Interim net income attributable to owners of the parent was also ¥334 million, up 50.5% year on year. - FY2024Full-year revenue growth and significant profit growthAnnual report
「Net sales increased by ¥1,439 million from the previous consolidated fiscal year to ¥17,175 million, up 9.1% from the previous fiscal year. The main factor was an increase in orders received and projects completed during the current consolidated fiscal year.」
Following a decline in sales and losses in the previous year, higher orders and completed projects led to revenue growth, with operating profit of ¥998 million, ordinary profit of ¥1,060 million and net income attributable to owners of the parent of ¥675 million. - FY2024-Q3Cumulative profitability and continued revenue growthAnnual report
「In terms of earnings, revisions to selling prices described above and cost reductions resulted in operating profit of ¥453 million, compared with an operating loss of ¥87 million in the same quarter of the previous year, and ordinary profit of ¥528 million, compared with an ordinary loss of ¥22 million. After recording ¥31 million in insurance proceeds as extraordinary income for the fire at the Sakura company housing facility of the consolidated subsidiary 東海ハウス株式会社 and ¥25 million in extraordinary losses, including losses on disposal of non-current assets, quarterly net income attributable to owners of the parent amounted to ¥331 million, compared with a quarterly net loss of ¥84 million in the same quarter of the previous year.」
On a cumulative basis, operating profit of ¥453 million, ordinary profit of ¥528 million and quarterly net income attributable to owners of the parent of ¥331 million marked a return to profitability from operating loss, ordinary loss and quarterly net loss attributable to owners of the parent in the same period of the previous year. Net sales also increased 4.8% year on year. - FY2024-Q2Cumulative return to profitability and revenue growthAnnual report
「As a result, partly because orders carried over from the beginning of the period increased by ¥612 million from the previous period, net sales amounted to ¥8,076 million, up 4.6% year on year. Operating profit was ¥281 million, compared with an operating loss of ¥43 million in the same quarter of the previous year, and ordinary profit was ¥334 million, compared with an ordinary loss of ¥32 million. After recording ¥31 million in insurance proceeds as extraordinary income for the fire at the Sakura company housing facility of the consolidated subsidiary 東海ハウス株式会社 and ¥20 million in extraordinary losses, including losses on disposal of non-current assets, quarterly net income attributable to owners of the parent amounted to ¥222 million, compared with a quarterly net loss of ¥67 million in the same quarter of the previous year.」
On a cumulative basis, operating profit of ¥281 million, ordinary profit of ¥334 million and quarterly net income attributable to owners of the parent of ¥222 million marked a return to profitability from operating loss, ordinary loss and quarterly net loss attributable to owners of the parent in the same period of the previous year. - FY2024-Q1Quarterly return to profitability and revenue growthAnnual report
「As a result, net sales amounted to ¥3,807 million, up 6.5% year on year, operating profit was ¥39 million, compared with an operating loss of ¥274 million in the same quarter of the previous year, and ordinary profit was ¥63 million, compared with an ordinary loss of ¥258 million. After recording ¥31 million in insurance proceeds as extraordinary income for the fire at the Sakura company housing facility of the consolidated subsidiary 東海ハウス株式会社 and ¥11 million in extraordinary losses related to the same fire, net income attributable to owners of the parent amounted to ¥52 million, compared with a net loss attributable to owners of the parent of ¥289 million in the same quarter of the previous year.」
Net sales increased 6.5% year on year, while operating profit and ordinary profit returned to profitability from losses in the same period of the previous year. Quarterly net income attributable to owners of the parent also turned from a loss of ¥289 million to profit of ¥52 million. - FY2023Full-year profit decline; investigation expenses recordedAnnual report
「Declining order prices and rising costs for outsourced construction and other work resulted in operating profit of ¥281 million, down 50.1% year on year, and ordinary profit of ¥344 million, down 41.9% year on year.」
Declining order prices and rising costs reduced operating profit and ordinary profit, while net income attributable to owners of the parent was ¥148 million, down 66.2% year on year. The company also recorded ¥39 million in special investigation expenses. - FY2023-Q3Losses continued; investigation expenses recordedAnnual report
「In terms of earnings, declining order prices in private-sector demand and rising costs for outsourced construction and other work resulted in an operating loss of ¥87 million, compared with operating profit of ¥400 million in the same quarter of the previous year, and an ordinary loss of ¥22 million, compared with ordinary profit of ¥413 million. Although ¥24 million in reversals of provision for directors' retirement benefits was recorded as extraordinary income, this accounting treatment resulted from the decision not to pay directors' retirement benefits to directors involved in the improper transactions and other matters described in the notice titled "Notice Regarding the Investigation into Improper Transactions by a Consolidated Subsidiary," published on 19 August 2022. Extraordinary losses also included ¥39 million in special investigation expenses, representing investigation and audit costs related to the improper transactions and other matters described above.」
Declining order prices in private-sector demand and rising costs for outsourced construction and other work resulted in an operating loss of ¥87 million and an ordinary loss of ¥22 million. The company also recorded ¥24 million in reversals of provision for directors' retirement benefits and ¥39 million in special investigation expenses. - FY2023-Q2Losses continued and widenedAnnual report
「In terms of earnings, in addition to rising costs for outsourced construction and other work, fixed costs such as depreciation of leased assets put pressure on profit. Operating loss was ¥43 million, compared with operating profit of ¥461 million in the same quarter of the previous year, and ordinary loss was ¥32 million, compared with ordinary profit of ¥457 million.」
Higher costs for outsourced construction and other work, together with the fixed-cost burden, caused operating profit and ordinary profit to turn from profits in the same period of the previous year to an operating loss of ¥43 million and an ordinary loss of ¥32 million. Quarterly net loss attributable to owners of the parent was also ¥67 million. - FY2023-Q1Lower revenue and a shift to an operating lossAnnual report
「In addition to rising costs for outsourced construction and other work, fixed costs such as depreciation of leased assets and personnel expenses put pressure on profit. Operating loss was ¥274 million, compared with operating profit of ¥84 million in the same quarter of the previous year, and ordinary loss was ¥258 million, compared with ordinary profit of ¥88 million. Quarterly net loss attributable to owners of the parent was ¥289 million, compared with quarterly net income attributable to owners of the parent of ¥126 million in the same quarter of the previous year.」
Higher costs for outsourced construction and other work, together with the fixed-cost burden, caused operating profit, ordinary profit and quarterly net income attributable to owners of the parent to turn from profits in the same period of the previous year to losses. - FY2022Revenue growth, lower operating profit and higher net income from extraordinary incomeAnnual report
「As a result, supported partly by orders carried over from the beginning of the period in private-sector demand, net sales amounted to ¥16,420 million, up 8.8% year on year. In terms of earnings, rising costs, including raw materials, resulted in operating profit of ¥564 million, down 3.1% year on year, and ordinary profit of ¥593 million, down 4.7% year on year.」
Although carried-over orders led to higher sales, operating profit and ordinary profit declined due to rising costs, including raw materials. Extraordinary income resulted in net income attributable to owners of the parent of ¥438 million, up 27.2% year on year. - FY2022-Q3Revenue and profit growth, with fire-related losses and foreign exchange gains recordedAnnual report
「As a result, net sales amounted to ¥12,201 million, up 11.4% year on year. Operating profit was ¥400 million, up 34.4% year on year, and ordinary profit was ¥413 million, up 19.5%. Extraordinary income included ¥118 million in foreign exchange gains associated with the paid-in capital reduction of the consolidated subsidiary 榕東活動房股份有限公司 (Fuzhou, Fujian Province, China). Extraordinary losses included ¥31 million in disaster-related losses arising from a fire at the factory of the consolidated subsidiary 東海ハウス株式会社 and other items. After recording ¥195 million in income taxes and other taxes, quarterly net income attributable to owners of the parent amounted to ¥302 million, up 53.2% year on year.」
Net sales, operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeded the same period of the previous year. The company recorded ¥118 million in foreign exchange gains associated with the paid-in capital reduction of the Fuzhou subsidiary and ¥31 million in disaster-related losses arising from the fire at the 東海ハウス株式会社 Ayagawa factory, among other items. - FY2022-Q2Revenue growth, higher operating profit and higher net income from extraordinary incomeAnnual report
「As a result, net sales amounted to ¥8,612 million, up 5.8% year on year. Operating profit was ¥461 million, up 3.3% year on year, and ordinary profit was ¥457 million, up 2.6%. Extraordinary income included ¥114 million in foreign exchange gains associated with the paid-in capital reduction of the consolidated subsidiary 榕東活動房股份有限公司 (Fuzhou, Fujian Province, China). After recording ¥197 million in income taxes and other taxes, quarterly net income attributable to owners of the parent amounted to ¥364 million, up 42.1% year on year.」
Net sales, operating profit and ordinary profit exceeded the same quarter of the previous year. Together with extraordinary income, including foreign exchange gains associated with the paid-in capital reduction of the Fuzhou subsidiary, quarterly net income attributable to owners of the parent increased 42.1%. - FY2022-Q1Revenue growth, lower operating profit and higher net income from extraordinary incomeAnnual report
「As a result, net sales amounted to ¥4,086 million, up 7.8% year on year. In terms of earnings, declining order prices in private-sector demand and other factors put pressure on profit, resulting in operating profit of ¥84 million, down 21.2% year on year, and ordinary profit of ¥88 million, down 15.8%. Extraordinary income included ¥114 million in foreign exchange gains associated with the paid-in capital reduction of the consolidated subsidiary 榕東活動房股份有限公司 (Fuzhou, Fujian Province, China). After recording ¥74 million in income taxes and other taxes, quarterly net income attributable to owners of the parent amounted to ¥126 million, up 145.5% year on year.」
Although net sales increased, operating profit and ordinary profit declined due to lower order prices. Extraordinary income, including foreign exchange gains associated with the paid-in capital reduction of the Chinese subsidiary, led to an increase in quarterly net income attributable to owners of the parent from the same period of the previous year. - FY2021Full-year revenue growth and significant profit growthAnnual report
「As a result, net sales amounted to ¥15,096 million, up 4.5% year on year, including lease revenue of ¥13,961 million and sales revenue of ¥1,134 million, with a contribution from government demand orders carried over from the previous consolidated fiscal year. In terms of earnings, cost reductions from lower costs on large projects and the conversion of foundation and air-conditioning work currently being promoted into lease products resulted in operating profit of ¥582 million, up 67.4% year on year, and ordinary profit of ¥622 million, up 63.9%. After recording ¥63 million in extraordinary losses, including losses on disposal of non-current assets and impairment losses on investment securities, and ¥209 million in income taxes and other taxes, net income attributable to owners of the parent amounted to ¥345 million, up 29.4% year on year.」
Against a backdrop of carried-over orders related to government demand and cost reductions, net sales increased 4.5%, operating profit increased 67.4%, ordinary profit increased 63.9% and net income attributable to owners of the parent increased 29.4%. - FY2021-Q3Significant revenue and profit growthAnnual report
「As a result, net sales amounted to ¥10,952 million, up 10.3% year on year, with a significant contribution from government demand orders carried over from the previous consolidated fiscal year. Operating profit was ¥298 million, up 457.2% year on year, and ordinary profit was ¥346 million, up 285.2%. After recording ¥88 million in income taxes and other taxes, quarterly net income attributable to owners of the parent amounted to ¥197 million, compared with a quarterly net loss attributable to owners of the parent of ¥72 million in the same quarter of the previous year.」
Sales increased against a backdrop of carried-over orders related to government demand. Operating profit and ordinary profit rose significantly from the same period of the previous year, while quarterly net income attributable to owners of the parent also returned to profitability, from a loss in the same period of the previous year to profit of ¥197 million. - FY2021-Q2Significant revenue and profit growthAnnual report
「As a result, net sales amounted to ¥8,139 million, up 21.0% year on year, with a significant contribution from government demand orders carried over from the previous consolidated fiscal year. Operating profit was ¥446 million, up 410.0% year on year, and ordinary profit was ¥446 million, up 363.8%. After recording ¥26 million in extraordinary losses, including impairment losses on investment securities, and ¥161 million in income taxes and other taxes, quarterly net income attributable to owners of the parent amounted to ¥256 million, up 1,346.7% year on year.」
Sales increased against a backdrop of carried-over orders related to government demand, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent rose significantly from the same quarter of the previous year. - FY2021-Q1Quarterly revenue growth and return to profitabilityAnnual report
「As a result, net sales amounted to ¥3,790 million, up 22.4% year on year, partly reflecting orders carried over from the previous consolidated fiscal year. Operating profit was ¥107 million, compared with an operating loss of ¥89 million in the same quarter of the previous year, and ordinary profit was ¥104 million, compared with an ordinary loss of ¥75 million. After recording ¥49 million in income taxes and other taxes, quarterly net income attributable to owners of the parent amounted to ¥51 million, compared with a quarterly net loss attributable to owners of the parent of ¥112 million in the same quarter of the previous year.」
Against a backdrop of carried-over orders, net sales increased 22.4% year on year to ¥3,790 million, while operating profit was ¥107 million, ordinary profit was ¥104 million and quarterly net income attributable to owners of the parent was ¥51 million, marking a return to profitability from losses in the same period of the previous year. - FY2020Full-year profit growth and continued profitabilityAnnual report
「As a result, net sales amounted to ¥14,439 million, down 1.6% year on year. In terms of earnings, cost reductions associated with the conversion of foundation and air-conditioning work currently being promoted into lease products led to operating profit of ¥348 million, up 18.8% year on year, and ordinary profit of ¥379 million, up 16.9%. Extraordinary income included ¥279 million in gains on sales of non-current assets, including those of the consolidated subsidiary 榕東活動房股份有限公司 (Fuzhou, People's Republic of China), while extraordinary losses included ¥151 million in losses on sales of leased assets and losses on disposal of leased assets damaged by typhoons. After recording ¥221 million in income taxes and other taxes, net income attributable to owners of the parent amounted to ¥266 million, up 60.9% year on year.」
Although net sales declined, operating profit was ¥348 million, ordinary profit was ¥379 million and net income attributable to owners of the parent was ¥266 million, reflecting cost reductions and gains on sales of non-current assets. Profit increased from the same period of the previous year. - FY2020-Q3Operating and ordinary income return to profitability and narrower net lossAnnual report
「Meanwhile, in terms of earnings, cost reductions associated with the conversion into leasing products of foundation work and air-conditioning work currently being promoted resulted in operating income of ¥53 million, compared with an operating loss of ¥97 million in the same quarter of the previous year, and ordinary income of ¥89 million, compared with an ordinary loss of ¥75 million. As a result of recording an extraordinary loss of ¥47 million on the disposal of fixed assets, including a ¥26 million loss on the disposal of leasing assets damaged by a typhoon, and ¥115 million in income taxes and other taxes, net loss attributable to owners of the parent was ¥72 million, compared with a net loss attributable to owners of the parent of ¥185 million in the same quarter of the previous year.」
Operating profit and ordinary profit turned profitable from losses in the same period of the previous year, while net loss attributable to owners of the parent narrowed from ¥185 million to ¥72 million. Net loss nevertheless continued. - FY2020-Q2Growth in operating and ordinary income and return to net profitabilityAnnual report
「On the other hand, in terms of earnings, costs declined as a result of converting foundation and air-conditioning work previously performed by subcontractors into leasing products, while expense reductions also contributed. Operating profit was ¥87 million, up 133.3% year on year, and ordinary profit was ¥96 million, up 165.8%. After recording ¥71 million in income taxes and other taxes, profit for the quarter attributable to owners of the parent was ¥17 million, compared with a loss for the quarter attributable to owners of the parent of ¥41 million in the same quarter of the previous year.」
Lower costs and expenses increased operating income and ordinary income from the same quarter of the previous year, and quarterly net income attributable to owners of the parent turned from a loss of ¥41 million to income of ¥17 million. - FY2020-Q1Quarterly loss widensAnnual report
「In terms of earnings, the company recorded an operating loss of ¥89 million, compared with an operating loss of ¥28 million in the same quarter of the previous year, and an ordinary loss of ¥75 million, compared with an ordinary loss of ¥21 million. As a result of recording ¥34 million in income taxes and other taxes, net loss attributable to owners of the parent was ¥112 million, compared with a net loss attributable to owners of the parent of ¥48 million in the same quarter of the previous year.」
Sales declined 6.9% year on year, and the operating loss, ordinary loss, and net loss attributable to owners of the parent all increased from the prior-year period. - FY2019Full-year profitability maintained; profit declineAnnual report
「As a result, operating income decreased by ¥154 million from the previous fiscal year to ¥292 million, down 34.5% year on year. Ordinary income decreased by ¥139 million from the previous fiscal year to ¥324 million, down 30.0% year on year, and net income attributable to owners of the parent decreased by ¥117 million from the previous fiscal year to ¥165 million, down 41.5% year on year.」
While the company remained profitable for the full year after recording a loss as of the third quarter, operating income, ordinary income, and net income attributable to owners of the parent all fell below the prior-year levels. - FY2019-Q3Deterioration in earnings and return to lossesAnnual report
「As a result, sales for the nine-month cumulative period were ¥10,400 million, down 2.7% year on year. In terms of earnings, although the company worked to reduce costs and expenses, the cost ratio, including depreciation of assets for leasing, increased from the prior-year period. The company recorded an operating loss of ¥97 million, compared with operating income of ¥191 million in the same quarter of the previous year, and an ordinary loss of ¥75 million, compared with ordinary income of ¥186 million. As a result of recording ¥10 million in subsidy income related to the acquisition of land for the relocation of the Sendai Distribution Center, an extraordinary loss of ¥17 million, including a loss on the reduction of the carrying amount of fixed assets, and ¥95 million in income taxes and other taxes, net loss attributable to owners of the parent was ¥185 million, compared with net income attributable to owners of the parent of ¥103 million in the same quarter of the previous year.」
Sales declined 2.7% year on year, and operating income, ordinary income, and net income attributable to owners of the parent each turned into a loss. The increase in the cost ratio and the cost burden, including fixed costs, are cited as factors behind the deterioration in earnings. - FY2019-Q2Improvement in operating and ordinary income and narrower net lossAnnual report
「As a result, sales for the six-month cumulative period were ¥7,341 million, up 8.3% year on year. However, because the group's sales have traditionally tended to be concentrated in the second half, progress against the full-year sales forecast was limited to 48.3%. Meanwhile, because fixed costs, including depreciation of assets for leasing, are incurred on an ongoing basis, the company recorded operating income of ¥37 million, up 315.0% year on year, and ordinary income of ¥36 million, compared with an ordinary loss of ¥3 million in the same quarter of the previous year. As a result of recording ¥10 million in subsidy income related to the acquisition of land for the relocation of the Sendai Distribution Center, an extraordinary loss of ¥16 million, including a loss on the reduction of the carrying amount of fixed assets, and ¥63 million in income taxes and other taxes, net loss attributable to owners of the parent was ¥41 million, compared with a net loss attributable to owners of the parent of ¥55 million in the same quarter of the previous year.」
While the structure in which fixed costs are incurred on an ongoing basis continues, operating income was ¥37 million, ordinary income was ¥36 million, and the net loss attributable to owners of the parent narrowed from ¥55 million to ¥41 million. - FY2019-Q1Quarterly loss narrowedAnnual report
「Because fixed costs, including depreciation of assets for leasing, are incurred on an ongoing basis, the company recorded an operating loss of ¥28 million, compared with an operating loss of ¥45 million in the same quarter of the previous year, and an ordinary loss of ¥21 million, compared with an ordinary loss of ¥43 million. As a result of recording ¥10 million in subsidy income related to the acquisition of land for the relocation of the Sendai Distribution Center and an extraordinary loss of ¥15 million, including a loss on the reduction of the carrying amount of fixed assets, net loss attributable to owners of the parent was ¥48 million, compared with a net loss attributable to owners of the parent of ¥64 million in the same quarter of the previous year.」
While the company continues to explain the structure in which fixed costs are incurred on an ongoing basis, the operating loss, ordinary loss, and net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. - FY2018Full-year earnings growth and continued profitabilityAnnual report
「As a result, sales for the fiscal year were ¥14,958 million, up 5.2% year on year. In terms of earnings, operating income was ¥447 million, up 22.5% year on year, and ordinary income was ¥463 million, up 29.2% year on year. As a result of recording an extraordinary gain of ¥70 million in insurance proceeds received for company-owned assets and an extraordinary loss of ¥53 million in provision for litigation losses related to an industrial accident that occurred in Natori, Miyagi Prefecture, in April 2015, together with other items, net income attributable to owners of the parent was ¥283 million, up 82.6% year on year.」
For the full year, sales, operating income, ordinary income, and net income attributable to owners of the parent all exceeded the prior-year levels, and the company remained profitable. - FY2018-Q3Improved earnings and return to profitabilityAnnual report
「As a result, sales for the nine-month cumulative period were ¥10,683 million, up 8.0% year on year. In terms of earnings, operating income was ¥191 million, up 508.5% year on year, ordinary income was ¥186 million, compared with ordinary income of ¥15 million in the same quarter of the previous year, and net income attributable to owners of the parent was ¥103 million, compared with a net loss attributable to owners of the parent of ¥82 million in the same quarter of the previous year.」
Sales increased, and operating income, ordinary income, and net income attributable to owners of the parent all returned to profitability. Earnings improved from the losses recorded in the prior-year period. - FY2018-Q2Narrower LossesAnnual report
「Because fixed costs, including depreciation of assets for leasing, are incurred on an ongoing basis, the company recorded operating income of ¥9 million, up 17.1% year on year, an ordinary loss of ¥3 million, compared with an ordinary loss of ¥5 million in the same quarter of the previous year, and a net loss attributable to owners of the parent of ¥55 million, compared with a net loss attributable to owners of the parent of ¥63 million.」
While the company continues to explain the structure in which fixed costs are incurred on an ongoing basis, operating income increased, and both the ordinary loss and the net loss attributable to owners of the parent narrowed from the prior-year period. - FY2018-Q1ReframedAnnual report
「Because fixed costs, including depreciation of assets for leasing, are incurred on an ongoing basis, the company recorded an operating loss of ¥45 million, compared with an operating loss of ¥90 million in the same quarter of the previous year, an ordinary loss of ¥43 million, compared with an ordinary loss of ¥94 million, and a net loss attributable to owners of the parent of ¥64 million, compared with a net loss attributable to owners of the parent of ¥119 million.」
The explanation has changed from insufficient fixed-cost absorption due to lower sales to a first-quarter loss caused by fixed costs being incurred on an ongoing basis amid the seasonal concentration of sales in the second half. Meanwhile, the operating loss, ordinary loss, and net loss attributable to owners of the parent all narrowed from the prior-year period. - FY2017ReframedAnnual report
「Sales for the fiscal year were ¥14,222 million, up 2.8% year on year. In terms of earnings, operating income was ¥365 million, down 36.4% year on year, ordinary income was ¥358 million, down 32.6% year on year, and net income attributable to owners of the parent was ¥155 million, down 66.3% year on year.」
As annual sales increased, the emphasis shifted from the quarterly explanation of insufficient fixed-cost absorption due to lower sales to deterioration in earnings caused by a higher cost ratio accompanying lower contract prices. - FY2017-Q3RestatedAnnual report
「As a result, sales for the nine-month cumulative period were ¥9,895 million, down 0.9% year on year. In terms of earnings, although the company reduced expenses, it was unable to offset the increase in the cost ratio accompanying lower contract prices. Operating income was ¥31 million, down 92.5% year on year, and ordinary income was ¥15 million, down 96.0% year on year. As a result of recording an extraordinary gain of ¥5 million on the sale of fixed assets, an extraordinary loss of ¥8 million on the disposal of fixed assets, a ¥5 million loss associated with the sale of the investment in Shanghai Rongdong Activity House Co., Ltd., a consolidated subsidiary located in Shanghai, People's Republic of China, and other items, the net loss attributable to owners of the parent was ¥82 million, compared with net income attributable to owners of the parent of ¥366 million in the same quarter of the previous year.」
The company again reports lower sales, substantial declines in operating income and ordinary income, and a net loss attributable to owners of the parent, based on nine-month cumulative results. - FY2017-Q2First statedAnnual report
「In terms of earnings, the decline in sales meant that fixed costs were not fully absorbed. Operating income was ¥7 million, down 97.4% year on year, and the company recorded an ordinary loss of ¥5 million, compared with ordinary income of ¥265 million in the same quarter of the previous year. As a result of recording an extraordinary loss of ¥6 million on the disposal of fixed assets, a ¥5 million loss associated with the sale of the investment in Shanghai Rongdong Activity House Co., Ltd., a consolidated subsidiary located in Shanghai, People's Republic of China, and other items, the net loss attributable to owners of the parent was ¥63 million, compared with net income attributable to owners of the parent of ¥289 million in the same quarter of the previous year.」
The company reports a substantial decline in operating income, an ordinary loss, and a net loss attributable to owners of the parent, attributable to insufficient fixed-cost absorption due to lower sales.