Komori
Nihon Denkei (9908) · PolicyRestated

Strengthening a Stable-Growth Business Foundation by Prioritizing Profit over Net Sales

First written in FY2017. 13 of 21 entries say "Restated". Latest entry: 2026-11-10.

21entries
10years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2021-Q3AdvancedFY2022 – FY2024-Q1RestatedFY2024-Q2 – 2026-11-102017: 120172018: 020182019: 120192020: 120202021: 420212022: 320222023: 420232024: 120242025: 120252026: 52026
Same theme, other companies
Shift in Management Policy from Business Scale Expansion to a Focus on ProfitabilityA theme 35 companies write about · 0 as a headwind · 35 as a tailwind

The whole theme swung hardest in 2020: 7 of 22 companies on the "Worse" side.

9 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 35 companies compared. The sentences above are computed from all 35.
Full recordFilings, disclosures and news, newest first
  1. 2026-11-10RestatedResults

    「成長戦略遂行による収益力増強と経営基盤強化の両立、並びに株価や資本収益性を意識した経営の実践を通じて、業界のリーディングカンパニーとして企業価値向上を図ってまいります。」

    収益力増強と経営基盤強化を両立する方針が引き続き示されている。
  2. FY2027-H1RestatedAnnual report

    「Going forward, based on our corporate philosophy centred on the purpose of contributing to society through measurement technology and the vision of transforming into a technical trading company, we will enhance corporate value as a leading company in the industry by both strengthening earnings power through execution of our growth strategy and reinforcing our management platform, while practising management that is mindful of the share price and return on capital.」

    The policy of both strengthening earnings power through the growth strategy and reinforcing the management platform, while pursuing higher corporate value with an awareness of the share price and return on capital, continues to be presented.
  3. FY2026-H1RestatedAnnual report

    「Going forward, based on our corporate philosophy, which sets forth the purpose of “Contributing to society through measurement technology” and the vision of “Transforming into a technical trading company,” we will seek to strengthen our earnings capacity through execution of the growth strategy while strengthening our management platform, and will work to enhance corporate value as a leading company in the industry.」

    The company has continued to state its policy of strengthening earnings capacity through its growth strategy while also strengthening its management platform during the interim period.
  4. FY2025-H1RestatedAnnual report

    「Going forward, based on our corporate philosophy, which sets forth the purpose of “Contributing to society through measurement technology” and the vision of “Transforming into a technical trading company,” we will seek to strengthen our earnings capacity through execution of the growth strategy while strengthening our management platform, and will work to enhance corporate value as a leading company in the industry.」

    The policy of strengthening earnings capacity while also strengthening the management platform has continued to be stated as the policy for executing Ver.2.0.
  5. FY2024-Q2RestatedAnnual report

    「Going forward, we will seek to strengthen our earnings capacity through execution of the growth strategy while strengthening our management platform, and will work to enhance corporate value as a leading company in the industry.」

    The company has continued to state its policy of strengthening earnings capacity through its growth strategy while also strengthening its management platform.
  6. FY2024-Q1AdvancedAnnual report

    「The gross profit margin continued to rise due in part to stronger value-added, solution-based systems sales, while profit in the China segment, which had been affected by the Shanghai lockdowns and other factors in the previous fiscal year, expanded substantially. This absorbed higher expenses for investment in human capital, business travel and advertising associated with the full-scale resumption of sales activities after the COVID-19 pandemic, resulting in operating profit of ¥593 million, up ¥240 million year on year.」

    The increase in the gross profit margin from value-added sales and growth in China segment profit absorbed higher expenses for investment in human capital and the resumption of sales activities, resulting in a ¥240 million year-on-year increase in operating profit. The policy of prioritizing profit was reflected in the increase in profit.
  7. FY2023AdvancedAnnual report

    「The standalone gross profit margin for the fiscal year was 11.3%, improving by 1.1 percentage points from 10.2% in the previous fiscal year. In addition to continuing to focus on sales of products with high gross profit margins, stronger solution-based systems sales also contributed.」

    Regarding its policy of prioritizing profit, the company stated that the standalone gross profit margin improved by 1.1 percentage points from 10.2% to 11.3% through a focus on high-margin products and stronger solution-based systems sales. Standalone operating profit also increased by ¥938 million year on year.
  8. FY2023-Q3AdvancedAnnual report

    「As a result, standalone net sales were ¥59,763 million, up 12.9% year on year, and the gross profit margin improved by 1.1 percentage points year on year, increasing gross profit by ¥1,219 million year on year. On the expense side, personnel expenses increased due to expanded investment in human capital, while systems-related expenses associated with strengthening the management platform and travel expenses for domestic and overseas trips were also recorded. Operating profit was nevertheless ¥2,103 million, up ¥583 million year on year.」

    Despite increases in investment in human capital, systems-related expenses and travel expenses, operating profit increased by ¥583 million year on year, aided by a 1.1 percentage-point improvement in the gross profit margin.
  9. FY2023-Q2AdvancedAnnual report

    「On the expense side, personnel expenses increased due to expanded investment in human capital, while systems-related investment associated with strengthening the management platform and travel expenses associated with the resumption of business trips were also recorded. Operating profit was nevertheless ¥1,332 million, up ¥472 million year on year.」

    Although investment in human capital, systems-related investment and the resumption of business travel increased expenses, standalone operating profit rose by ¥472 million year on year, driven in part by the higher gross profit margin. The policy of prioritizing profit was reflected in the increase in profit.
  10. FY2022AdvancedAnnual report

    「The standalone gross profit margin for the fiscal year was 10.21%, improving by 0.11 percentage points from 10.10% in the previous fiscal year. In addition to continuing to focus on sales of products with high gross profit margins, stronger solution-based systems sales also contributed.」

    Regarding its policy of prioritizing profit, the company explained that the standalone gross profit margin improved from 10.10% to 10.21% through a focus on high-margin products and stronger solution-based systems sales, while operating profit also increased.
  11. FY2022-Q3RestatedAnnual report

    「Although personnel expenses increased due to wage increases, operating profit was ¥1,520 million, up ¥850 million year on year, as travel expenses and exhibition costs remained low during the COVID-19 pandemic.」

    Despite higher personnel expenses resulting from wage increases, the company continued to demonstrate its emphasis on securing profit by keeping travel expenses, exhibition costs and other expenses low.
  12. FY2022-Q2RestatedAnnual report

    「Although personnel expenses increased due to wage increases, operating profit was ¥859 million, up ¥549 million year on year, as travel expenses and exhibition costs remained low during the COVID-19 pandemic.」

    Despite higher personnel expenses resulting from wage increases, the company continued to demonstrate its emphasis on securing profit as travel expenses, exhibition costs and other expenses remained low.
  13. FY2022-Q1AdvancedAnnual report

    「Sales of high-margin products increased, while travel and transportation expenses and other costs declined due to restrictions on movement, resulting in operating profit of ¥395 million, up ¥307 million year on year.」

    The policy of prioritizing profit was reflected in specific measures, including increased sales of high-margin products and reduced travel and transportation expenses, resulting in a ¥307 million year-on-year increase in operating profit.
  14. FY2021AdvancedAnnual report

    「On the expense side, substantial cost reductions were achieved by canceling business trips and exhibitions, and operating profit was ¥1,706 million.」

    Despite declining sales, the company implemented cost reductions by canceling business trips and exhibitions, demonstrating its policy of prioritizing profit protection through specific expense reductions. Consolidated selling, general and administrative expenses also declined by ¥568 million.
  15. FY2021-Q3RestatedAnnual report

    「We reduced expenses in line with restrictions on sales activities and worked to secure profit through rigorous cost management.」

    The company has continued to demonstrate its emphasis on securing profit despite declining sales, through expense reductions associated with restrictions on sales activities and cost management.
  16. FY2021-Q2RestatedAnnual report

    「We reduced expenses in line with restrictions on sales activities and worked to secure profit through rigorous cost management.」

    The company has continued to demonstrate its emphasis on securing profit despite declining sales, through expense reductions associated with restrictions on sales activities and cost management.
  17. FY2019RestatedAnnual report

    「We will continue to work to reduce selling, general and administrative expenses through thorough expense reductions, pursue sales activities focused on securing profit, maintain our position as the industry's leader, and work to improve performance.」

    The company has continued to demonstrate its emphasis on expense reductions and securing profit, rather than sales volume alone.
  18. FY2017First statedAnnual report

    「In light of these circumstances, our group's management policy will focus on strengthening a business model capable of stable growth, prioritizing profit over sales.」

    The company explicitly stated that its management policy prioritizes profit and strengthening a business model capable of stable growth, rather than simply expanding sales.
Moved together

"Shareholder Dividends and ¥13 Interim Dividend" moved the same way as this thread, in the same document, in 6 of its 21 moves.

633222★123456
  1. ★This thread
  2. 1Shareholder Dividends and ¥13 Interim Dividend6×
  3. 2Consolidated net sales of ¥100 billion and operating profit of ¥3.4 billion for the fiscal year ending March 20203×
  4. 3Securing Exclusive Sales Rights for High-Gross-Margin Products3×
  5. 4Solution-Based Sales Using Domestic and International Sales Office Networks2×
  6. 5Operating profit pressured by provision recognition and the stronger yen2×
  7. 6Contract Testing Services Following the Launch of the Second Testing Site in Shanghai’s Pudong District2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nihon Denkei yet. It last moved in the Results of 2026-11-10: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.