Profit decline due to lower shipments in the direct-sales LP gas business
First written in FY2019-Q2. 1 of 3 entries say "Dropped", first in FY2020-Q1. Latest entry: FY2020-Q1.
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2020-Q1DroppedAnnual report
「Although the selling price linked to the procurement price of LP gas declined, increased LP gas shipments from the same quarter of the previous year resulted in revenue of ¥3,069 million, an increase of ¥281 million, or 10.1%, from the same quarter of the previous year.」
In the Q1 results explanation for the Living business, the previously stated profit decline due to lower shipments in the direct-sales business was not specifically mentioned; instead, the disclosure referred to increased overall shipments and higher profit. - FY2019-Q3Profit decline due to lower shipments in the direct-sales LP gas business continuesAnnual report
「In this segment, LP gas shipments increased from the same quarter of the previous year, and higher selling prices linked to procurement costs resulted in revenue of ¥8,650 million, an increase of ¥516 million, or 6.3%, from the same quarter of the previous year. However, gross profit decreased in the direct-sales LP gas business because of lower shipments, resulting in segment profit (operating profit) of ¥333 million, a decrease of ¥60 million, or 15.4%, from the same quarter of the previous year.」
The Living business as a whole reported higher revenue, but lower shipments in the direct-sales business reduced gross profit, resulting in a 15.4% year-on-year decline in operating profit. - FY2019-Q2First statedAnnual report
「In this segment, LP gas shipments increased from the same quarter of the previous year, and higher selling prices linked to procurement costs resulted in revenue of ¥5,428 million, an increase of ¥570 million, or 11.8%, from the same quarter of the previous year. However, gross profit decreased in the direct-sales LP gas business because of lower shipments, resulting in segment profit (operating profit) of ¥260 million, a decrease of ¥8 million, or 3.0%, from the same quarter of the previous year.」
The Living business as a whole reported higher revenue due to increased LP gas shipments and higher selling prices, but lower shipments in the direct-sales business reduced gross profit, resulting in a 3.0% year-on-year decline in operating profit.