Despite higher revenue, operating income and ordinary income declined
First written in FY2016. 9 of 37 entries say "Restated". Latest entry: 2026-08-10.
Makiya moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 19 of 79 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- 2026-08-10ReframedEarnings presentation
「3. Ordinary income: down 7.5% year on year due to expenses associated with the tender offer for treasury shares and third-party allotment 4. Quarterly net income: down 17.5% year on year, due in part to ¥22 million in store closure losses (extraordinary loss) associated with the demolition of aging leased stores」
In the first quarter, revenue and operating income increased, while ordinary income and quarterly net income declined. The company specified expenses associated with the treasury share transaction and store closure losses as factors behind the decline. - FY2026Higher revenue and ordinary profit alongside lower operating and net profitAnnual report
「For the current consolidated fiscal year, operating revenue was ¥93,673 million, up 4.7% year on year, operating profit was ¥2,133 million, down 5.9%, and ordinary profit was ¥2,374 million, up 0.3%. Profit attributable to owners of the parent was ¥1,470 million, down 1.8%, due to the ¥102 million recorded as store closure losses, classified as extraordinary losses, from building demolition costs associated with store reconstruction and the disposal of fixed assets.」
Although higher revenue and higher ordinary profit were secured, operating profit and net profit declined, and ¥102 million in store closure losses associated with store reconstruction was recorded. - FY2026-H1Return to higher revenue and earningsAnnual report
「As a result, for the current interim consolidated fiscal period, operating revenue was ¥45,853 million, up 5.4% year on year, operating profit was ¥986 million, up 6.0%, ordinary profit was ¥1,040 million, up 6.1%, and interim net profit attributable to owners of the parent was ¥689 million, up 7.7%, resulting in higher revenue and higher profit.」
From higher revenue and lower profit in the previous interim period, the company shifted to higher revenue and higher profit, with operating revenue, operating profit, ordinary profit and interim net profit all exceeding the previous-year period. - FY2025Higher revenue and higher operating profit alongside lower ordinary profitAnnual report
「Operating revenue was ¥89,448 million, up 15.7% year on year, operating profit was ¥2,266 million, up 1.7%, ordinary profit was ¥2,366 million, down 1.3%, and profit attributable to owners of the parent was ¥1,497 million, up 3.0%.」
Operating revenue increased substantially, due in part to the contribution from the e-commerce business to the consolidated results, and operating profit and net profit increased, while ordinary profit fell below the previous fiscal year. - FY2025-H1Shift to higher revenue and lower profitAnnual report
「For the current interim consolidated fiscal period, operating revenue was ¥43,501 million, up 15.4% year on year, operating profit was ¥930 million, down 5.7%, ordinary profit was ¥980 million, down 7.3%, and interim net profit attributable to owners of the parent was ¥640 million, down 10.6%, resulting in higher revenue and lower profit.」
From higher revenue and higher profit, including record-high profit, in FY2024, the current interim period resulted in higher revenue and lower profit, with operating revenue up 15.4% while operating profit, ordinary profit and interim net profit declined. - FY2024Higher revenue and higher profit, with record-high profitAnnual report
「For the current consolidated fiscal year, operating revenue was ¥77,334 million, up 8.0% year on year, operating profit was ¥2,227 million, up 36.2%, ordinary profit was ¥2,396 million, up 32.2%, and profit attributable to owners of the parent was ¥1,454 million, up 22.5%, resulting in higher revenue and higher profit. Profit attributable to owners of the parent reached a record high.」
From the previous state of higher revenue and lower profit, operating revenue, operating profit, ordinary profit and net profit all increased, and profit attributable to owners of the parent reached a record high. - FY2024-Q2RestatedAnnual report
「As a result, for the first 2 quarters of the current consolidated fiscal year, operating revenue was ¥37,709 million, up 6.9% year on year, operating profit was ¥987 million, up 39.5%, ordinary profit was ¥1,058 million, up 32.6%, and profit attributable to owners of the parent was ¥716 million, up 34.4%.」
The trend of higher revenue and higher profit since the first quarter of the previous fiscal year was reconfirmed, with operating revenue, operating profit, ordinary profit and quarterly net profit all exceeding the previous-year period. - FY2024-Q1Return to higher revenue and earningsAnnual report
「As a result, for the first quarter of the current consolidated fiscal year, operating revenue was ¥18,600 million, up 5.7% year on year, operating profit was ¥486 million, up 28.2%, ordinary profit was ¥527 million, up 19.1%, and profit attributable to owners of the parent was ¥362 million, up 20.8%.」
From higher revenue and lower profit in the first quarter of the previous fiscal year, the company shifted to higher revenue and higher profit, with operating revenue, operating profit, ordinary profit and quarterly net profit all exceeding the previous-year period. - FY2023Continued full-year higher revenue and lower profitAnnual report
「For the current consolidated fiscal year, operating revenue was ¥71,584 million, up 3.4% year on year, operating profit was ¥1,635 million, down 2.7%, ordinary profit was ¥1,812 million, down 0.2%, and profit attributable to owners of the parent was ¥1,187 million, down 10.8%. Although operating revenue increased, profit declined due in part to higher costs for intra-group logistics operations managed by consolidated subsidiaries.」
Operating revenue increased 3.4%, while operating profit, ordinary profit and net profit all declined. The company cited higher costs for intra-group logistics operations and other factors as reasons for the decline in profit. - FY2023-Q3Shift to higher revenue and higher ordinary profit, with the decline in operating profit narrowingAnnual report
「As a result, for the first 3 quarters of the current consolidated fiscal year, operating revenue was ¥54,210 million, up 3.6% year on year, operating profit was ¥1,357 million, down 1.5%, ordinary profit was ¥1,498 million, up 1.4%, and profit attributable to owners of the parent was ¥1,008 million, down 9.6%.」
Operating revenue increased 3.6%, and the decline in operating profit narrowed to 1.5% year on year. Ordinary profit turned to a 1.4% increase, while the decline in profit attributable to owners of the parent also narrowed to 9.6%. - FY2023-Q2Continued higher revenue and lower profit, with the decline in profit wideningAnnual report
「As a result, for the first 2 quarters of the current consolidated fiscal year, operating revenue was ¥35,267 million, up 3.2% year on year, operating profit was ¥707 million, down 9.3%, ordinary profit was ¥797 million, down 5.2%, and profit attributable to owners of the parent was ¥533 million, down 22.5%.」
Operating revenue increased 3.2%, while operating profit, ordinary profit and profit attributable to owners of the parent declined. The decline in operating profit widened from 9.0% in the first quarter to 9.3%. - FY2023-Q1RestatedAnnual report
「As a result, for the first quarter of the current consolidated fiscal year, operating revenue was ¥17,592 million, up 4.5% year on year, operating profit was ¥379 million, down 9.0%, ordinary profit was ¥442 million, down 1.6%, and profit attributable to owners of the parent was ¥299 million, down 3.3%.」
Operating revenue increased 4.5%, while operating profit, ordinary profit and quarterly net profit remained below the previous-year period, with higher revenue and lower profit continuing. - FY2022-Q3Continued higher revenue and lower profit on a simple comparisonAnnual report
「On a simple comparison with the previous-year period before adoption of the Accounting Standard for Revenue Recognition, operating revenue was up 0.9% year on year while operating profit was down 35.9%, resulting in higher revenue and lower profit. This was attributable to a decline in the gross profit margin due to lower markups and other factors, lower selling expenses resulting from the suspension of promotional campaigns in the previous consolidated fiscal year in consideration of the impact of the spread of COVID-19, and increases in personnel expenses and administrative expenses at newly opened stores.」
On a simple comparison before adoption of the revenue recognition accounting standard, operating revenue increased 0.9% while operating profit declined 35.9%, resulting in higher revenue and lower profit. - FY2022-Q2Continued lower revenue and lower profit under the accounting standard, following a decline from the prior surgeAnnual report
「On a simple comparison with the previous-year period before adoption of the Accounting Standard for Revenue Recognition, operating revenue was down 0.8% year on year and operating profit was down 42.8%.」
Even on a simple comparison before adoption of the revenue recognition accounting standard, operating revenue and operating profit were below the previous-year period. Lower revenue and lower profit, due in part to the decline from pandemic-related demand, continued, although the decline in operating revenue narrowed from the first-quarter comparison. - FY2022-Q1Lower revenue and lower profit under the applicable accounting standardAnnual report
「On a simple comparison with the previous-year period before adoption of the Accounting Standard for Revenue Recognition, operating revenue was down 4.9% year on year and operating profit was down 48.9%.」
After explaining the comparability constraints arising from adoption of the revenue recognition accounting standard, the company states that operating revenue and operating profit were below the previous-year period on a simple pre-adoption comparison. - FY2021Substantial full-year increases in revenue and profitAnnual report
「For the current consolidated fiscal year, operating revenue was ¥75,764 million, up 9.9% year on year, operating profit was ¥2,305 million, up 176.2%, ordinary profit was ¥2,458 million, up 154.9%, and profit attributable to owners of the parent was ¥1,400 million, up 288.2%, resulting in higher revenue and higher profit.」
Operating revenue, operating profit, ordinary profit and net profit all substantially exceeded the previous fiscal year, resulting in higher revenue and higher profit. - FY2021-Q3RestatedAnnual report
「For the first 3 quarters of the current consolidated fiscal year, operating revenue was ¥57,752 million, up 12.5% year on year, operating profit was ¥2,149 million, up 243.4%, ordinary profit was ¥2,278 million, up 213.7%, and profit attributable to owners of the parent was ¥1,449 million, up 225.9%, resulting in higher revenue and higher profit.」
The company has reconfirmed that operating revenue, operating profit, ordinary profit and quarterly net profit all exceeded the previous-year period, resulting in higher revenue and higher profit. - FY2021-Q2RestatedAnnual report
「For the first 2 quarters of the current consolidated fiscal year, operating revenue was ¥38,371 million, up 14.4% year on year, operating profit was ¥1,435 million, up 420.2%, ordinary profit was ¥1,517 million, up 348.7%, and profit attributable to owners of the parent was ¥974 million, up 379.5%, resulting in substantial increases in revenue and profit.」
Against a backdrop of expanding demand amid the COVID-19 pandemic and improvement measures such as MAP3, operating revenue, operating profit, ordinary profit and quarterly net profit all substantially exceeded the previous-year period. - FY2021-Q1Substantial increases in revenue and profit driven by demand related to COVID-19Annual report
「For the first quarter of the current consolidated fiscal year, operating revenue was ¥19,731 million, up 20.5% year on year, operating profit was ¥863 million, up 701.9%, ordinary profit was ¥891 million, up 545.4%, and profit attributable to owners of the parent was ¥573 million, up 593.4%.」
Operating revenue, operating profit, ordinary profit and quarterly net profit all substantially exceeded the previous-year period, following the higher revenue and higher profit recorded in FY2020. - FY2020Maintain higher revenue and higher profit for the full yearAnnual report
「As a result, for the current consolidated fiscal year, operating revenue was ¥68,923 million, up 5.9% year on year, operating profit was ¥834 million, up 2.6%, ordinary profit was ¥964 million, up 3.0%, and profit attributable to owners of the parent was ¥360 million, up 2.2%, resulting in higher revenue and higher profit.」
Although higher revenue and lower profit continued on a cumulative quarterly basis, operating revenue, operating profit, ordinary profit and net profit all exceeded the previous year for the full year, resulting in higher revenue and higher profit. - FY2020-Q3RestatedAnnual report
「For the first 3 quarters of the current consolidated fiscal year, operating revenue was ¥51,314 million, up 3.8% year on year, operating profit was ¥625 million, down 17.7%, ordinary profit was ¥726 million, down 15.4%, and profit attributable to owners of the parent was ¥444 million, down 14.2%.」
Operating revenue rose 3.8% year on year, while operating profit, ordinary profit and quarterly net profit declined, resulting in continued higher revenue but lower profit. - FY2020-Q2Continued revenue growth and lower profit, with the decline narrowingAnnual report
「For the first six months of the current fiscal year, operating revenue was ¥33,528 million, up 3.6% year on year, while operating profit declined 19.8% to ¥275 million, ordinary profit declined 16.7% to ¥338 million, and quarterly net income attributable to owners of the parent declined 11.5% to ¥203 million.」
Operating revenue increased 3.6%, while operating profit, ordinary profit and quarterly net income fell below the same period of the previous year. The trend of revenue growth and lower profit that began in FY2020-Q1 continued, although the decline in operating profit narrowed from 35.0% in the first quarter to 19.8%. - FY2020-Q1Turnaround to revenue growth and lower profitAnnual report
「For the first quarter of the current fiscal year, operating revenue was ¥16,380 million, up 2.8% year on year, while operating profit declined 35.0% to ¥107 million, ordinary profit declined 30.0% to ¥138 million, and quarterly net income attributable to owners of the parent declined 33.8% to ¥82 million.」
From the revenue and profit growth in FY2019, the first quarter turned to revenue growth and lower profit, with operating revenue up 2.8% while operating profit, ordinary profit and quarterly net income declined. - FY2019RestatedAnnual report
「As a result, for the fiscal year, operating revenue was ¥65,057 million, up 2.4% year on year, operating profit increased 30.1% to ¥813 million, ordinary profit increased 13.9% to ¥936 million, and net income attributable to owners of the parent increased 183.8% to ¥353 million, resulting in revenue and profit growth.」
The turnaround to revenue and profit growth seen through the previous quarter was also confirmed for the full fiscal year, with operating revenue, operating profit, ordinary profit and net income all exceeding the previous year. - FY2019-Q3RestatedAnnual report
「For the first nine months of the current fiscal year, operating revenue was ¥49,452 million, up 2.6% year on year, operating profit increased 23.7% to ¥760 million, ordinary profit increased 22.1% to ¥858 million, and quarterly net income attributable to owners of the parent increased 14.8% to ¥517 million, resulting in revenue and profit growth.」
Continuing from the previous quarter, operating revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year, resulting in revenue and profit growth. - FY2019-Q2Return to revenue and profit growthAnnual report
「For the first six months of the current fiscal year, operating revenue was ¥32,349 million, up 4.0% year on year, operating profit increased 82.9% to ¥344 million, ordinary profit increased 66.8% to ¥406 million, and quarterly net income attributable to owners of the parent increased 53.8% to ¥229 million, resulting in revenue and profit growth.」
The trend of revenue growth and lower profit through the previous fiscal year and previous quarter turned around, with operating revenue, operating profit, ordinary profit and quarterly net income all exceeding the same period of the previous year. - FY2018WorsenedAnnual report
「Revenue was ¥62,876 million, up 2.8% from the previous fiscal year. Operating profit declined 14.4% to ¥417 million, ordinary profit declined 1.6% to ¥821 million, and net income attributable to owners of the parent declined 55.6% to ¥124 million.」
Revenue continued to increase, while operating and ordinary profit declined, and the decline in net income attributable to owners of the parent widened to 55.6%. - FY2018-Q3RestatedAnnual report
「Revenue for the first nine months of the current fiscal year was ¥47,693 million, up 2.9% year on year. Operating profit declined 9.6% to ¥459 million and ordinary profit declined 5.8% to ¥703 million.」
While revenue continued to increase, operating profit declined 9.6% year on year and ordinary profit declined 5.8%, reconfirming the coexistence of revenue growth and lower profit. - FY2018-Q2RestatedAnnual report
「Revenue for the first six months of the current fiscal year was ¥30,771 million, up 2.2% year on year. Operating profit declined 65.5% to ¥83 million and ordinary profit declined 38.5% to ¥243 million.」
Revenue continued to increase, but operating profit declined 65.5% year on year and ordinary profit declined 38.5%, maintaining the pattern of revenue growth accompanied by lower profit. Quarterly net income attributable to owners of the parent was also ¥149 million, down 39.9% year on year. - FY2018-Q1WorsenedAnnual report
「Operating profit for the first quarter of the current fiscal year declined 66.2% to ¥52 million, while ordinary profit declined 41.7% to ¥132 million.」
While revenue increased 2.0% year on year, operating and ordinary profit declined, and quarterly net income attributable to owners of the parent also fell 39.6% year on year. - FY2017WorsenedAnnual report
「Revenue was ¥61,144 million, up 1.8% year on year. Operating profit declined 20.7% to ¥487 million, ordinary profit declined 6.1% to ¥835 million, and net income attributable to owners of the parent declined 49.8% to ¥280 million.」
Revenue continued to increase, while operating and ordinary profit declined. The decline in net income attributable to owners of the parent was 49.8%. - FY2017-Q3Decline in operating and net profitAnnual report
「Revenue for the first nine months of the current fiscal year was ¥46,332 million, up 1.6% year on year. Operating profit declined 1.6% to ¥507 million, while ordinary profit increased 2.4% to ¥746 million. Quarterly net income attributable to owners of the parent declined 6.3% to ¥471 million.」
While revenue and ordinary profit continued to increase, operating profit and quarterly net income attributable to owners of the parent fell below the same period of the previous year. - FY2017-Q2Continued revenue and profit growthAnnual report
「Revenue for the first six months of the current fiscal year was ¥30,105 million, up 1.6% year on year. Operating profit increased 39.6% to ¥243 million, ordinary profit increased 20.8% to ¥395 million, and quarterly net income attributable to owners of the parent increased 4.4% to ¥248 million.」
Following the turnaround from profit declines in the previous fiscal year and the same period of the previous year, revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2017-Q1Turnaround in profit trendsAnnual report
「Revenue for the first quarter of the current fiscal year was ¥15,081 million, up 3.0% year on year. Operating profit increased 58.8% to ¥154 million and ordinary profit increased 36.8% to ¥227 million. Quarterly net income attributable to owners of the parent declined 8.7% to ¥140 million.」
From the previous fiscal year's declines in operating and ordinary profit, revenue, operating profit and ordinary profit increased in the current quarter. Quarterly net income attributable to owners of the parent, however, declined 8.7% year on year. - FY2016First statedAnnual report
「Revenue was ¥60,059 million, up 6.3% year on year. Operating profit declined 4.4% to ¥614 million and ordinary profit declined 2.3% to ¥890 million, while net income attributable to owners of the parent increased 15.8% to ¥558 million.」
Alongside revenue growth, higher personnel costs, new and refurbished store expenses, and weak product sales due to the warm winter weighed on profit.