Visible Profit Improvement from Structural Reform
First written in FY2016. 16 of 36 entries say "Worsened", first in FY2018-Q2. Latest entry: 2026-08-06.
- FY2026WorsenedAnnual report
「For the fiscal year, net sales were ¥1,691,808 million, up 3.9% year on year; operating income was ¥16,166 million, down 62.2%; ordinary income was ¥20,002 million, down 58.4%; and net income attributable to owners of the parent was ¥14,778 million, down 45.1%.」
Although full-year revenue increased, operating income fell 62.2%, ordinary income fell 58.4%, and profit attributable to owners of the parent fell 45.1%, indicating a setback in the earnings improvement trend. - FY2026-H1WorsenedAnnual report
「For the interim consolidated accounting period, net sales were ¥800,099 million, up 0.5% year on year; operating income was ¥21,671 million, down 6.7%; ordinary income was ¥23,995 million, down 3.4%; and interim net income attributable to owners of the parent was ¥12,780 million, up 0.1%.」
While net sales increased, operating income fell 6.7% and ordinary income fell 3.4%, indicating that the improvement trend in operating and ordinary income had weakened from the previous interim period. - FY2025-H1AdvancedAnnual report
「For the interim consolidated accounting period, net sales were ¥796,001 million, up 2.7% year on year; operating income was ¥23,227 million, up 14.1%; and ordinary income was ¥24,831 million, up 5.0%, resulting in higher revenue and higher earnings.」
After lower revenue and lower earnings through the cumulative third quarter of the previous period, net sales, operating income, and ordinary income increased during the interim consolidated accounting period. - FY2024-Q3Lower revenue and lower earnings continued in the cumulative third quarterAnnual report
「For the cumulative third quarter, net sales were ¥1,171,061 million, down 0.5% year on year; operating income was ¥38,751 million, down 1.5%; ordinary income was ¥42,626 million, down 3.3%; and net income attributable to owners of the parent was ¥26,851 million, down 12.2%.」
The cumulative third quarter showed lower revenue and lower earnings. Although the year-on-year declines narrowed from the previous fiscal year's cumulative third quarter, net sales, operating income, ordinary income, and profit attributable to owners of the parent were all below the previous year. - FY2024-Q2AdvancedAnnual report
「For the cumulative second quarter, net sales were ¥775,203 million, up 0.1% year on year; operating income was ¥20,365 million, up 3.0%; and ordinary income was ¥23,639 million, up 1.1%.」
Compared with the situation through the previous quarter, when revenue and earnings were lower year on year, cumulative second-quarter net sales rose 0.1%, operating income rose 3.0%, and ordinary income rose 1.1%. Store development, inventory and gross-margin management, and the DX strategy were cited as factors. - FY2024-Q1WorsenedAnnual report
「For the cumulative first quarter, net sales were ¥363,709 million, down 3.2% year on year; operating income was ¥11,072 million, down 9.7%; ordinary income was ¥13,011 million, down 9.9%; and net income attributable to owners of the parent was ¥10,491 million, down 28.5%.」
The trend of lower revenue and lower earnings from the previous fiscal year continued into the first quarter, with operating income down 9.7%, ordinary income down 9.9%, and profit attributable to owners of the parent down 28.5%. - FY2023WorsenedAnnual report
「For the fiscal year, net sales were ¥1,600,586 million, down 1.2% year on year; operating income was ¥44,066 million, down 32.9%; ordinary income was ¥50,064 million, down 32.5%; and net income attributable to owners of the parent was ¥31,824 million, down 37.0%.」
Profit levels declined further from the previous fiscal year, which had already seen lower revenue and lower earnings. Operating income fell 32.9%, ordinary income fell 32.5%, and profit attributable to owners of the parent fell 37.0%. - FY2023-Q3WorsenedAnnual report
「For the cumulative third quarter, net sales were ¥1,177,344 million, down 1.3% year on year; operating income was ¥39,328 million, down 32.2%; ordinary income was ¥44,079 million, down 31.6%; and net income attributable to owners of the parent was ¥30,583 million, down 35.6%.」
The cumulative third quarter showed lower revenue and lower earnings, with operating income down 32.2%, ordinary income down 31.6%, and profit attributable to owners of the parent down 35.6%. - FY2023-Q2WorsenedAnnual report
「当第２四半期連結累計期間の業績は、売上高774,634百万円（前年同期比3.2％減）、営業利益19,776百万円（前年同期比43.6％減）、経常利益23,385百万円（前年同期比40.5％減）、親会社株主に帰属する四半期純利益17,634百万円（前年同期比41.2％減）となりました。」
The cumulative results for the second quarter showed lower revenue and lower earnings. Operating income fell 43.6% year on year, ordinary income fell 40.5%, and profit attributable to owners of the parent fell 41.2%. - FY2023-Q1WorsenedAnnual report
「Operating income decreased 42.8% year on year to ¥12,263 million, ordinary income decreased 39.1% to ¥14,440 million, and net income attributable to owners of the parent decreased 15.7% to ¥14,680 million, due to the group-wide tax consolidation system applied from the current period and tax effects associated with the reorganization of subsidiary groups.」
売上高、営業利益、経常利益、親会社株主帰属利益がいずれも前年同期を下回り、営業利益は42.8％減となった。店舗開発の先行投資や供給不足・物価上昇等が要因として説明された。 - FY2022WorsenedAnnual report
「Results for the consolidated fiscal year were net sales of ¥1,619,379 million, down 7.6% year on year; operating income of ¥65,703 million, down 28.6%; ordinary income of ¥74,136 million, down 25.0%; and net income attributable to owners of the parent of ¥50,555 million, down 2.4%, resulting in lower sales and lower profit year on year.」
Unlike the previously reported increases in net income and profit improvement, full-year net sales, operating income, ordinary income and net income attributable to owners of the parent all decreased year on year, resulting in lower sales and lower profit. - FY2022-Q3Increase in net income despite declines in sales and operating incomeAnnual report
「Results for the third-quarter cumulative consolidated period were net sales of ¥1,192,797 million, down 7.0% year on year; operating income of ¥58,000 million, down 22.0%; ordinary income of ¥64,409 million, down 18.6%; and net income attributable to owners of the parent of ¥47,493 million, up 11.2%.」
While net sales, operating income and ordinary income decreased, net income attributable to owners of the parent increased 11.2% year on year. - FY2022-Q1Increase in net income despite declines in sales and operating incomeAnnual report
「As a result, results for the first-quarter cumulative consolidated period were net sales of ¥382,987 million, down 5.8% year on year; operating income of ¥21,426 million, down 5.3%; ordinary income of ¥23,728 million, down 2.1%; and net income attributable to owners of the parent of ¥17,413 million, up 9.6%.」
While net sales, operating income and ordinary income decreased due to the application of the revenue recognition standard and a decline following the end of temporary demand, net income attributable to owners of the parent increased 9.6%. - FY2021AdvancedAnnual report
「As a result of the above management reforms, shorter operating hours, restraint of advertising costs and efficient management through the transition to a holding company structure, selling, general and administrative expenses were reduced. Operating income increased 140.2% year on year to ¥92,078 million, ordinary income increased 114.6% to ¥98,875 million, and net income attributable to owners of the parent increased 110.5% to ¥51,798 million, despite the recognition as extraordinary losses of reform costs aimed at improving asset efficiency with a view to the future, including losses on the closure of the Shinjuku East Exit and Akihabara stores.」
The Company reported operating income of ¥92,078 million, up 140.2% year on year, as a result of management reforms, expense controls and efficient management through the transition to a holding company structure. - FY2021-Q3AdvancedAnnual report
「Alongside these management reforms, reductions in selling, general and administrative expenses through shorter operating hours and restraint of advertising costs resulted in significant increases in operating income of 105.0% to ¥74,406 million, ordinary income of 90.1% to ¥79,129 million, and net income attributable to owners of the parent of 72.2% to ¥42,723 million, despite the recognition as extraordinary losses of reform costs aimed at improving asset efficiency with a view to the future, including losses on the closure of the Shinjuku East Exit and Akihabara stores.」
The Company reported increases of 105.0% in operating income, 90.1% in ordinary income and 72.2% in net income attributable to owners of the parent as a result of management reforms to strengthen the Company's business foundation and expense reductions. - FY2021-Q2AdvancedAnnual report
「Gross profit for the second-quarter cumulative consolidated period was ¥259,205 million, up 9.2% year on year, as the gross profit margin improved through a stronger sales mix of new products accompanying the development of the sell-out system, expansion of SPA products and an increase in their sales mix.」
Gross profit increased 9.2% year on year due to the sell-out system, expansion of SPA products and a stronger new-product mix, and profit improvement continued. - FY2021-Q1AdvancedAnnual report
「Gross profit for the first-quarter cumulative consolidated period was ¥125,006 million, up 15.1% year on year, as the gross profit margin improved due to the continued reforms toward a new earnings model undertaken in the previous fiscal year to strengthen the home appliance business, as well as the results of the branch manager system introduced in October 2019.」
As a result of the new earnings model reforms and the branch manager system, gross profit increased 15.1% year on year, while operating income increased 272.1%. - FY2020-Q3AdvancedAnnual report
「The benefits of the new earnings model reforms continued to emerge. With the gross profit margin improving during the third-quarter cumulative consolidated period, gross profit was ¥352,507 million, up 6.4% year on year, while net sales were ¥1,217,989 million, up 2.2%.」
The benefits of the new earnings model reforms continued, with gross profit increasing 6.4% year on year. Operating income also improved to ¥36,292 million, up 67.7% year on year. - FY2020-Q2AdvancedAnnual report
「Operating income was ¥24,726 million, up 385.3% year on year.」
Operating income for the second-quarter cumulative consolidated period increased 385.3% year on year as a result of reforms toward a new earnings model and expense controls. - FY2020-Q1AdvancedAnnual report
「As a result, the gross profit margin for the first-quarter cumulative consolidated period improved from 27.2% in the same period of the previous year to 28.8% (a 1.6% increase). As a result, gross profit for the first-quarter cumulative consolidated period was ¥108,581 million, up 8.0% year on year.」
As a result of reforms toward a new earnings model, the gross profit margin improved from 27.2% to 28.8%, and gross profit increased 8.0% year on year. - FY2019AdvancedAnnual report
「The benefits of these reforms emerged during the third and fourth quarters of the consolidated fiscal year (1 October 2018 to 31 March 2019), with results progressing as planned. The gross profit margin improved significantly, from a 4.9% year-on-year decrease in the second-quarter cumulative consolidated period to a 6.4% increase.」
For the full year, operating income decreased 28.1%, while the Company explained that the benefits of the reforms emerged in the second half, with the gross profit margin improving from a 4.9% year-on-year decrease to a 6.4% increase. - FY2019-Q3AdvancedAnnual report
「The benefits of these reforms emerged during the third quarter of the current consolidated fiscal year (1 October 2018 to 31 December 2018), with results progressing as planned. Gross profit improved significantly, from a 4.9% year-on-year decrease in the second-quarter cumulative consolidated period to a 1.8% increase.」
Although cumulative results showed lower profit, including a 46.7% decrease in operating income, gross profit improved to a 1.8% year-on-year increase in the third quarter, indicating a recovery in quarterly performance from the effects of the reforms. - FY2019-Q2WorsenedAnnual report
「As a result, operating income was ¥5,094 million, down 74.8% year on year.」
Net sales increased 0.8% year on year, while gross profit decreased 4.9% and selling, general and administrative expenses increased 2.0%. Operating income decreased 74.8%, and net income attributable to owners of the parent decreased 90.0%. - FY2019-Q1WorsenedAnnual report
「In addition, sales did not receive a contribution from the first quarter, and although we strengthened the issuance of points for internet-related initiatives, the time lag between issuance and redemption delayed the contribution to sales until the second quarter onward. As a result, operating income, ordinary income and net income attributable to owners of the parent each fell below the previous year.」
Net sales increased 1.0% year on year, but gross profit decreased 3.9%, and operating income was ¥2,227 million, down 56.8% year on year, indicating a deterioration in profit improvement. - FY2018WorsenedAnnual report
「Taking these factors and the results of the full-year consolidated performance of our consolidated subsidiary Yamada SxL Home Co., Ltd. for the fiscal year ended February 2018 into account, operating income, ordinary income and net income attributable to owners of the parent each fell below the previous consolidated fiscal year.」
Net sales increased 0.7% year on year, while gross profit decreased 3.8%, operating income decreased 33.0%, ordinary income decreased 28.3%, and net income attributable to owners of the parent decreased 13.8%. - FY2018-Q3WorsenedAnnual report
「As a result, operating income was ¥40,557 million, down 13.5% year on year.」
Net sales increased 2.1% year on year, but gross profit was unchanged at 0.0% growth, selling, general and administrative expenses increased 2.2%, and operating income decreased 13.5%. - FY2018-Q2WorsenedAnnual report
「As a result, operating income was ¥20,182 million, down 22.7% year on year.」
Net sales increased 2.7% year on year, while gross profit increased only 0.7%. As a result of a 3.8% increase in selling, general and administrative expenses, operating income decreased 22.7%. The results for the quarter differed from the previously reported improvement in operating income through structural reforms. - FY2017-Q3AdvancedAnnual report
「Nine-month cumulative: 28.7%; 29.5%; improvement of 0.8 percentage points」
The gross profit margin continued to improve as a result of the structural reforms. Selling, general and administrative expenses decreased 3.4% year on year, while operating income was ¥46,876 million, up 8.9%. - FY2017-Q2AdvancedAnnual report
「The benefits of the structural reforms continued to emerge from the second quarter of the current consolidated fiscal year onward, even after one year had passed since the major reforms, including the large-scale store closures implemented in the first quarter of the previous consolidated fiscal year.」
The benefits of the structural reforms continued to emerge. Cumulative gross profit margin improved by 0.9 percentage points year on year, selling, general and administrative expenses decreased 4.6%, and operating income increased 25.6%. - FY2017-Q1AdvancedAnnual report
「As a result, operating income was ¥6,409 million, up 147.2% year on year, representing a significant improvement from the same period of the previous year.」
Against a backdrop of structural reforms and other factors, net sales decreased 2.3% year on year, while selling, general and administrative expenses decreased 4.6%, operating income increased 147.2% and net income attributable to owners of the parent increased 68.3%. - FY2016First statedAnnual report
「The gross profit margin improved significantly compared with the same period of the previous year, while selling, general and administrative expenses were also reduced substantially, and the results of these efforts have begun to emerge.」
Sales were ¥1,612,735 million, down 3.1% year on year, while operating profit was ¥58,158 million, up 192.0%, and profit attributable to owners of the parent was ¥30,395 million, up 225.4%.