Improving Profitability in the Steel Sheet Business
First written in FY2016. 17 of 40 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-07.
0 other companies' latest entry also says "Advanced".
- FY2026Lower sales volume and prices lead to lower revenue and profitAnnual report
「In standalone UEX stainless steel sales, sales volume declined 8.4% and selling prices declined 1.3% from the previous fiscal year. In addition, consolidated subsidiaries performed sluggishly, particularly in sales to retail customers. As a result, net sales declined 1.5% to ¥47,392 million. Operating profit declined 28.4% to ¥1,204 million due to a lower gross profit margin, among other factors.」
Despite continuing inventory sales and expanding sales of higher-value-added products, operating profit in the sales business declined 28.4% due to lower sales volume and selling prices and a lower gross profit margin. - FY2026-H1Lower sales volume and selling prices reduce profitAnnual report
「The Group continued to focus on inventory sales and expanding sales of higher-value-added products such as processed products and titanium in its core stainless steel and other metal materials sales business. Net sales declined 2.6% to ¥24,449 million from the previous interim consolidated accounting period. Operating profit declined 32.5% to ¥564 million due to lower sales and increased selling, general and administrative expenses.」
Despite continuing inventory sales and expanding sales of higher-value-added products, net sales declined 2.6% and operating profit declined 32.5% year on year. - FY2025Lower selling prices and gross profit margin reduce profitAnnual report
「In the sales business, the Group continued to focus on inventory sales and on expanding sales of higher-value-added products such as processed products and titanium, but lower selling prices caused net sales to decline 3.5% to ¥50,281 million from the previous fiscal year. Operating profit declined 15.0% to ¥1,772 million as the gross profit margin fell.」
Despite continuing inventory sales and expanding sales of higher-value-added products, net sales declined 3.5% and operating profit declined 15.0% due to lower selling prices and a lower gross profit margin. - FY2025-H1Lower selling prices and gross profit margin reduce profitAnnual report
「The Group continued to focus on inventory sales and expanding sales of higher-value-added products such as processed products and titanium in its core stainless steel and other metal materials sales business, but selling prices declined. Amid these circumstances, net sales declined 5.3% to ¥25,098 million from the previous interim consolidated accounting period, while operating profit declined 34.0% to ¥836 million as the gross profit margin fell.」
Despite continuing inventory sales and expanding sales of higher-value-added products, net sales declined 5.3% and operating profit declined 34.0% due to lower selling prices and a lower gross profit margin. - FY2024Lower sales volume and higher costs reduce profitAnnual report
「Amid these circumstances, the consolidated performance of the Group was affected by lower sales volume despite its continued focus on inventory sales and efforts to expand sales of higher-value-added products such as processed products and titanium in its core stainless steel and other metal materials sales business. Net sales declined 3.2% to ¥52,113 million from the previous fiscal year. In terms of profit, operating profit declined 51.2% to ¥2,084 million, as the gross profit margin fell due to lower sales volume and narrower margins caused by higher costs, and provisions for doubtful accounts and other items were recorded following the discovery of improper receipt of trade insurance benefits.」
Despite continuing inventory sales and expanding sales of higher-value-added products, operating profit declined 51.2% due to narrower margins from lower sales volume and higher costs, as well as provisions and other items recorded in connection with improper receipt of trade insurance benefits. - FY2024-Q3Profit decline continues amid lower sales volume and higher costsAnnual report
「Amid these circumstances, the consolidated performance of the Group was affected by lower sales volume despite its continued focus on inventory sales and efforts to expand sales of higher-value-added products such as processed products and titanium in its core stainless steel and other metal materials sales business. Net sales declined 1.5% to ¥39,941 million from the first nine months of the previous fiscal year. In terms of profit, operating profit declined 44.9% to ¥1,851 million, ordinary profit declined 42.9% to ¥1,969 million, and profit attributable to owners of the parent declined 46.4% to ¥1,200 million, as lower sales volume and narrower margins caused by higher costs reduced the gross profit margin.」
Despite continuing inventory sales and expanding sales of higher-value-added products, the gross profit margin declined as lower sales volume and higher costs narrowed margins, causing operating profit to fall 44.9% year on year. - FY2024-Q2Lower sales volume and higher costs reduce profitAnnual report
「Amid these circumstances, the consolidated performance of the Group was affected by lower sales volume despite its continued focus on inventory sales and efforts to expand sales of higher-value-added products such as processed products and titanium in its core stainless steel and other metal materials sales business. Net sales declined 1.4% to ¥26,505 million from the second quarter of the previous fiscal year. In terms of profit, operating profit declined 42.5% to ¥1,267 million, ordinary profit declined 39.7% to ¥1,446 million, and profit attributable to owners of the parent declined 42.1% to ¥905 million, as lower sales volume and narrower margins caused by higher costs reduced the gross profit margin.」
Despite continuing inventory sales and expanding sales of higher-value-added products, net sales declined 1.4% and operating profit declined 42.5% due to lower sales volume and narrower margins caused by higher costs, which reduced the gross profit margin. - FY2024-Q1Lower sales volume and gross profit marginAnnual report
「Amid these circumstances, the consolidated performance of the Group was affected by lower sales volume despite its continued focus on inventory sales and efforts to expand sales of higher-value-added products such as processed products and titanium in its core stainless steel and other metal materials sales business. Net sales declined 1.7% to ¥13,359 million from the first quarter of the previous fiscal year. In terms of profit, operating profit declined 39.1% to ¥702 million, ordinary profit declined 34.2% to ¥857 million, and profit attributable to owners of the parent declined 34.0% to ¥564 million, as both sales volume and the gross profit margin declined.」
Despite continuing inventory sales and expanding sales of higher-value-added products, sales volume and the gross profit margin declined, causing operating profit to fall 39.1% year on year. - FY2023AdvancedAnnual report
「The Group continued to focus on inventory sales and on selling higher-value-added products such as processed products and titanium. As a result, net sales increased 18.2% from the previous fiscal year to ¥53,829 million. In terms of profit, revisions to selling prices in response to manufacturers' price increases, mainly during the first half, lifted the gross profit margin, and operating profit increased 2.0 times to ¥4,273 million from the previous fiscal year.」
Revisions to selling prices in response to manufacturers' price increases lifted the gross profit margin, and operating profit reached 2.0 times the previous year's level. Full-year measurable progress toward improving profitability was demonstrated through price revisions and sales of higher-value-added products. - FY2023-Q3AdvancedAnnual report
「Amid these circumstances, the consolidated performance of the Group was supported by its continued focus on inventory sales in its core stainless steel and other metal materials sales business, together with efforts to expand sales of higher-value-added products such as processed products and titanium. Net sales increased 21.8% to ¥40,538 million from the first nine months of the previous fiscal year. In terms of profit, operating profit increased 2.4 times to ¥3,359 million, ordinary profit increased 2.3 times to ¥3,447 million, and profit attributable to owners of the parent increased 2.5 times to ¥2,241 million, following revisions to selling prices in response to manufacturers' price increases, mainly during the first half.」
Revisions to selling prices in response to manufacturers' price increases lifted net sales 21.8% year on year and operating profit 2.4 times. Specific progress in improving profitability was demonstrated through price revisions and the resulting profit amount in the sales business, including the steel sheet business. - FY2023-Q2AdvancedAnnual report
「Amid these circumstances, the consolidated performance of the Group was supported by its continued focus on inventory sales in its core stainless steel and other metal materials sales business, together with efforts to expand sales of higher-value-added products such as processed products and titanium. Net sales increased 28.7% to ¥26,878 million from the second quarter of the previous fiscal year. In terms of profit, operating profit increased 3.3 times to ¥2,201 million, ordinary profit increased 3.5 times to ¥2,396 million, and profit attributable to owners of the parent increased 3.8 times to ¥1,562 million, following revisions to selling prices in response to manufacturers' price increases.」
Inventory sales, expanded sales of higher-value-added products and revisions to selling prices in response to manufacturers' price increases lifted net sales 28.7% year on year and operating profit 3.3 times. The sales business, including the steel sheet business, showed measurable progress in improving profitability. - FY2023-Q1AdvancedAnnual report
「In standalone UEX stainless steel sales, selling prices rose 26.2% and sales volume increased 13.3% from the first quarter of the previous fiscal year. In addition, consolidated subsidiaries performed well, particularly in semiconductor-related markets. As a result, net sales increased 36.6% to ¥13,225 million. Operating profit increased 4.9 times to ¥1,168 million as the gross profit margin rose following revisions to selling prices.」
Selling prices rose 26.2%, sales volume increased 13.3%, net sales rose 36.6% and operating profit reached 4.9 times the prior-year level. Revisions to selling prices in response to manufacturers' price increases also lifted the gross profit margin, demonstrating specific progress in improving profitability. - FY2022AdvancedAnnual report
「Operating profit was ¥1,923 million, 7.8 times the previous fiscal year's level, as the gross profit margin rose after the Company focused on revising selling prices in line with procurement prices.」
The gross profit margin rose following revisions to selling prices, and operating profit in the sales business reached 7.8 times the previous year's level. Specific progress in improving profitability was demonstrated through price pass-through and the resulting profit amount. - FY2022-Q3AdvancedAnnual report
「Amid these circumstances, the consolidated performance of the Group was supported by its continued focus on inventory sales in its core stainless steel and other metal materials sales business, together with efforts to sell higher-value-added products such as processed products and titanium. Net sales amounted to ¥33,286 million, compared with ¥36,465 million in the first nine months of the previous fiscal year. In terms of profit, operating profit amounted to ¥1,389 million, compared with ¥241 million in the same period of the previous fiscal year, while ordinary profit amounted to ¥1,470 million, compared with ¥237 million, and profit attributable to owners of the parent amounted to ¥910 million, compared with ¥69 million, due to increased sales volume and a higher gross profit margin, among other factors.」
Although net sales cannot be compared directly due to the application of the revenue recognition accounting standard, operating profit, ordinary profit and profit attributable to owners of the parent all substantially exceeded the prior-year period due to increased sales volume and a higher gross profit margin. The sales business, including the steel sheet business, showed measurable progress in improving profitability. - FY2022-Q2AdvancedAnnual report
「Amid these circumstances, the consolidated performance of the Group was supported by its continued focus on inventory sales in its core stainless steel and other metal materials sales business, together with efforts to sell higher-value-added products such as processed products and titanium. Net sales amounted to ¥20,877 million, compared with ¥23,911 million in the first half of the previous fiscal year. In terms of profit, operating profit amounted to ¥659 million, compared with ¥187 million in the same period of the previous fiscal year, while ordinary profit amounted to ¥685 million, compared with ¥172 million, and profit attributable to owners of the parent amounted to ¥408 million, compared with ¥56 million, due to increased sales volume and a higher gross profit margin, among other factors.」
Although the application of the revenue recognition accounting standard reduced net sales and cost of sales by ¥7,247 million each, operating profit reached ¥659 million, improving from ¥187 million in the prior-year period due to increased sales volume and a higher gross profit margin. The Company also stated a sales policy that prioritizes costs and profitability. - FY2022-Q1AdvancedAnnual report
「Amid these circumstances, the consolidated performance of the Group was supported by its continued focus on inventory sales in its core stainless steel and other metal materials sales business, together with efforts to sell higher-value-added products such as processed products and titanium. Net sales amounted to ¥9,992 million, compared with ¥12,403 million in the first quarter of the previous fiscal year. In terms of profit, operating profit amounted to ¥254 million, compared with ¥134 million in the same period of the previous fiscal year, while ordinary profit amounted to ¥263 million, compared with ¥122 million, and profit attributable to owners of the parent amounted to ¥157 million, compared with ¥16 million, due to increased sales volume, a higher gross profit margin and lower selling, general and administrative expenses, among other factors.」
Operating profit, ordinary profit and profit attributable to owners of the parent exceeded the prior-year levels due to increased sales volume, a higher gross profit margin and lower selling, general and administrative expenses, among other factors. The application of the revenue recognition accounting standard reduced both net sales and cost of sales by ¥3,099 million. - FY2021Substantial decline in sales volume, shift toward profitabilityAnnual report
「The challenge for this business is to promote sales activities that prioritize profitability. To do so, we recognize the need to set selling prices that reflect costs and improve productivity.」
The Company reconfirmed sales activities focused on profitability, cost-reflective pricing and productivity improvement as key challenges. In terms of results, sales volume declined 18.8%, and operating profit in the sales business declined 71.1%. - FY2021-Q3Sharp decline in sales volume and continued profit declineAnnual report
「Amid these circumstances, the consolidated performance of the Group was affected in its core stainless steel and other metal materials sales business. Although the Group continued to focus on inventory sales and worked to sell higher-value-added products, particularly processed products, as well as titanium, restrictions on sales activities and weakening demand led to a substantial decline in sales volume. Net sales decreased 13.6% year on year to ¥36,465 million. Despite efforts to reduce selling, general and administrative expenses, operating profit declined 73.3% to ¥241 million due to weak sales. Ordinary profit declined 74.1% to ¥237 million, and profit attributable to owners of the parent declined 87.9% to ¥69 million.」
Despite pursuing inventory sales, higher-value-added products, titanium sales and SG&A reductions, sales volume fell substantially due to weaker demand, and weak sales led to declines of 13.6% in net sales, 73.3% in operating profit and 87.9% in profit attributable to owners of the parent. - FY2021-Q2Sharp decline in sales volume and continued profit declineAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group continued to promote sales activities focused on inventory sales and pursued sales of high-value-added products, primarily processed products, and titanium. However, sales volume fell sharply as demand declined amid restrictions on sales activities, causing revenue to decrease by 9.4% from the previous second-quarter cumulative period to ¥23,911 million. Operating profit decreased by 65.8% to ¥187.223 million, ordinary profit decreased by 68.9% to ¥172.454 million, and net profit attributable to owners of the parent decreased by 83.8% to ¥56.283 million.」
Although the company continued inventory sales, high-value-added products and titanium sales, restrictions on sales activities and weaker demand caused by the infectious disease outbreak led to a sharp decline in sales volume. Revenue decreased 9.4% year on year, operating profit decreased 65.8%, and net profit attributable to owners of the parent decreased 83.8%, indicating continued deterioration in profitability based on operating results. - FY2021-Q1Sharp decline in sales volume and profit amid the infectious disease outbreakAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group continued to promote sales activities focused on inventory sales and pursued sales of high-value-added products, primarily processed products, and titanium. However, sales volume fell sharply as demand declined amid restrictions on sales activities. Meanwhile, the addition of 2 consolidated subsidiaries from August of the previous year increased revenue by 6.1% from the previous first-quarter cumulative period to ¥12,403 million. Operating profit decreased by 47.4% to ¥134.038 million, as sales volume remained sluggish and SG&A expenses increased.」
The company continued inventory sales, high-value-added products and titanium sales, but restrictions on sales activities and weaker demand caused by the infectious disease outbreak led to a sharp decline in sales volume. Revenue increased 6.1% through the addition of 2 consolidated subsidiaries, while operating profit decreased 47.4%. - FY2020Revenue increased through the addition of consolidated subsidiaries, but sales volume and profit declinedAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group continued to promote sales activities focused on inventory sales and actively pursued sales of high-value-added products, primarily processed products, and titanium. However, sales volume remained sluggish. Meanwhile, the addition of 2 consolidated subsidiaries from August of the previous year increased revenue by 13.9% from the previous consolidated fiscal year to ¥56,433 million. Operating profit decreased by 24.3% to ¥1,111.746 million, ordinary profit decreased by 29.2% to ¥1,108.186 million, and net profit attributable to owners of the parent decreased by 37.7% to ¥694.374 million, as sales volume remained sluggish and the gross profit margin declined.」
The company continued inventory sales, high-value-added products and titanium sales, but sales volume remained sluggish. Although the addition of 2 consolidated subsidiaries increased revenue, operating profit decreased by 24.3%. The company also newly specified a policy of identifying unprofitable businesses from multiple perspectives, determining the causes and pursuing improvements. - FY2020-Q3Revenue increased through the addition of consolidated subsidiaries, but sales volume and profit declinedAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group continued to promote sales activities focused on inventory sales and actively pursued sales of high-value-added products, primarily processed products, and titanium. However, sales volume remained sluggish. Meanwhile, the addition of 2 consolidated subsidiaries from August of the previous year increased revenue by 12.1% from the previous third-quarter cumulative period to ¥42,203 million. Operating profit decreased by 25.5% to ¥902.168 million, ordinary profit decreased by 29.4% to ¥914.963 million, and net profit attributable to owners of the parent decreased by 38.3% to ¥568.836 million, as sales volume remained sluggish and the gross profit margin declined.」
Although the company continued inventory sales, high-value-added products and titanium sales, sales volume remained sluggish. The addition of 2 consolidated subsidiaries increased revenue by 12.1%, but operating profit decreased by 25.5%, indicating deterioration in profitability based on operating results. - FY2020-Q2Revenue increased through M&A, but existing sales declined and profit fellAnnual report
「In the group’s consolidated results, in the sales business for stainless steel and other metal materials, the main business, the group continued to promote sales activities focused on inventory sales and actively pursued sales of high-value-added products, primarily processed products, and titanium. However, sales remained sluggish. Meanwhile, the addition of 2 consolidated subsidiaries through M&A in August increased revenue by 11.2% from the previous second-quarter cumulative period to ¥26,386 million. Operating profit decreased by 30.4% to ¥547.708 million, as the lower gross profit margin and M&A expenses of ¥80.360 million, among other factors, increased SG&A expenses.」
The company continued inventory sales, high-value-added products and titanium sales, but existing sales remained sluggish. Revenue increased following the addition of 2 consolidated subsidiaries, while lower gross profit margin and higher SG&A expenses, including M&A expenses, reduced operating profit. - FY2020-Q1Lower sales volume and profit marginAnnual report
「In the group’s consolidated results, the sales business for stainless steel and other metal materials, the main business, continued to promote sales activities focused on inventory sales while also concentrating on initiatives aimed at recovering market conditions. The group also actively pursued high-value-added products, primarily processed products, and titanium sales to improve profitability, and worked to expand orders and sales volumes. However, revenue decreased by 0.2% from the previous first-quarter cumulative period to ¥11,695 million. Operating profit decreased by 44.5% to ¥255.065 million, owing to a lower gross profit margin and higher selling, general and administrative expenses.」
The company continued inventory sales, high-value-added products, titanium sales and initiatives aimed at market recovery, but revenue declined 0.2% year on year, while lower gross profit margin and higher SG&A expenses caused operating profit to decline 44.5%. - FY2019RestatedAnnual report
「The challenge facing the business is improving profitability in the steel sheet business, its core business. To that end, it is necessary to set selling prices that reflect costs and improve productivity.」
The company continues to identify improving profitability in the steel sheet business as a challenge and cost-reflective pricing and productivity improvements as the means to address it. Meanwhile, operating profit in the sales business decreased 7.3% from the previous fiscal year. - FY2019-Q3AdvancedAnnual report
「In standalone UEX stainless steel sales, sales volume decreased by 0.3% year on year, but selling prices rose 7.1%. In addition, consolidated subsidiaries performed well, mainly in semiconductor-related applications. As a result, revenue increased by 8.6% to ¥36,211 million. Operating profit increased by 8.2% to ¥1,057.789 million as higher selling prices increased revenue. Improving profitability in the steel sheet business, the core business, remains a challenge, and the company will work to set selling prices that reflect costs and improve productivity.」
Although sales volume decreased 0.3%, the 7.1% increase in selling prices lifted revenue by 8.6% and operating profit by 8.2%. Cost-reflective pricing and productivity improvement measures continue. - FY2019-Q2AdvancedAnnual report
「In standalone UEX stainless steel sales, sales volume decreased by 4.3% year on year, but selling prices rose 8.1%. In addition, consolidated subsidiaries performed well, mainly in semiconductor-related applications. As a result, revenue increased by 5.4% to ¥22,881 million. Operating profit increased by 10.6% to ¥726.776 million as higher selling prices increased revenue. Improving profitability in the steel sheet business, the core business, remains a challenge, and the company will work to set selling prices that reflect costs and improve productivity.」
Although sales volume decreased 4.3% year on year, the 8.1% increase in selling prices lifted revenue by 5.4% and operating profit by 10.6%. The policy of cost-reflective pricing and productivity improvements to improve profitability in the steel sheet business continues. - FY2019-Q1AdvancedAnnual report
「As a result, revenue increased by 8.3% from the previous first-quarter cumulative period to ¥11,714 million. In terms of earnings, continued efforts to revise selling prices in response to market conditions raised the gross profit margin. Operating profit increased by 41.6% to ¥459.522 million and ordinary profit increased by 49.1% to ¥508.096 million. Improving profitability in the steel sheet business, the core business, remains a challenge, and the company will work to set selling prices that reflect costs and improve productivity.」
Revisions to selling prices in response to market conditions and a focus on inventory sales raised the gross profit margin, and consolidated operating profit increased 41.6% year on year. For the steel sheet business, the company continues to pursue cost-reflective pricing and productivity improvements. - FY2018AdvancedAnnual report
「In stainless steel sales, revenue increased by 16.9% from the previous consolidated fiscal year to ¥45,101 million, mainly because sales volume increased 5.6% and selling prices rose 7.5%. Operating profit increased 2.2-fold from the previous consolidated fiscal year to ¥1,322.400 million, owing to higher inventory sales volumes and an improved gross profit margin. Improving profitability in the steel sheet business, the core business, remains a challenge, and the company will work to set selling prices that reflect costs and improve productivity.」
Sales volumes and prices increased in the sales business, including the steel sheet business, and operating profit increased 2.2-fold from the previous fiscal year. The company continues to identify cost-reflective pricing and productivity improvements as measures to improve profitability. - FY2018-Q3AdvancedAnnual report
「The company also actively pursued high-value-added products, primarily processed products, and worked to expand orders and sales volumes. As a result, revenue increased by 19.1% from the previous third-quarter cumulative period to ¥34,927 million. In terms of earnings, in addition to higher revenue, efforts to revise selling prices in response to market conditions raised the gross profit margin. Operating profit increased 2.6-fold to ¥1,123.629 million, ordinary profit increased 2.4-fold to ¥1,160.505 million, and net profit attributable to owners of the parent increased 2.7-fold to ¥825.918 million.」
Expanded orders and sales volumes for high-value-added products and revisions to selling prices in response to market conditions increased revenue 19.1% year on year and operating profit 2.6-fold. Measurable progress in improving profitability is indicated. - FY2018-Q2AdvancedAnnual report
「The company also actively pursued sales of high-value-added products and worked to expand orders and sales volumes. As a result, revenue increased by 17.8% from the previous second-quarter cumulative period to ¥22,430 million. In terms of earnings, continued efforts to revise selling prices in response to market conditions raised the gross profit margin. Operating profit increased 3.4-fold to ¥705.957 million, ordinary profit increased 4.0-fold to ¥723.355 million, and net profit attributable to owners of the parent increased 4.9-fold to ¥513.251 million.」
Expanded sales of high-value-added products and revisions to selling prices in response to market conditions increased revenue 17.8% year on year and operating profit 3.4-fold. Measurable progress in improving profitability in the core sales business, including the steel sheet business, is indicated. - FY2018-Q1AdvancedAnnual report
「As a result, revenue increased by 15.2% from the previous first-quarter cumulative period to ¥10,815 million. In terms of earnings, continued efforts to revise selling prices in response to market conditions raised the gross profit margin. Operating profit increased 13.9-fold from the previous first-quarter cumulative period to ¥324.523 million, and ordinary profit increased 95.4-fold to ¥340.689 million.」
Revisions to selling prices raised the gross profit margin, while revenue increased 15.2% year on year and operating profit increased 13.9-fold. Concrete progress in improving profitability in the steel sheet business is indicated by the operating results. - FY2017-Q3Higher sales volume but lower profitAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group promoted sales activities focused on inventory sales and concentrated on reactivating dormant customers and developing new customers. However, revenue decreased by 5.7% from the previous third-quarter cumulative period to ¥29,324 million owing to lower selling prices, while operating profit decreased by 6.4% to ¥439.285 million.」
The company continued inventory sales, the reactivation of dormant customers and new customer development, but revenue and operating profit declined year on year owing to lower selling prices. Continued measures to secure sales volumes are presented alongside deteriorating profitability. - FY2017-Q2AdvancedAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group promoted sales activities focused on inventory sales and also concentrated on reactivating dormant customers and developing new customers. However, revenue decreased by 7.5% from the previous second-quarter cumulative period to ¥19,043 million owing to lower selling prices. In terms of earnings, gross profit margin improved as a result of efforts to reduce costs, but the decline in revenue prevented the company from securing the planned gross profit. Operating profit decreased by 24.9% from the previous second-quarter cumulative period to ¥206.015 million.」
Although the gross profit margin improved through cost reductions, the decline in revenue prevented the company from securing the planned gross profit, and operating profit decreased by 24.9%. Progress in some profitability improvement measures is presented alongside operating constraints. - FY2017-Q1RestatedAnnual report
「Against this backdrop, in the sales business for stainless steel and other metal materials, the group focused on improving profitability in the steel sheet business and on inventory sales of its major product lines. However, revenue decreased by 7.5% from the previous first-quarter cumulative period to ¥9,391 million, owing to lower selling prices.」
The company continued to improve profitability in the steel sheet business and sell inventory of its major product lines, but consolidated revenue declined 7.5% year on year owing to lower selling prices. No new achievement milestone was indicated. - FY2016First statedAnnual report
「Improving profitability in the steel sheet business, the core business, is a challenge. The company will work to secure sales volumes through proactive, detailed sales activities while also improving product yield rates and productivity.」
The company positions the steel sheet business as its core business and identifies improvements in sales volume, yield and productivity as means of improving profitability.