Operating profit pressured by provision recognition and the stronger yen
First written in FY2017-Q1. 8 of 35 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Revenue and Profit Growth for the Interim PeriodAnnual report
「As a result, net sales for the interim consolidated accounting period were ¥63,666 million, up 21.7% year on year; operating profit was ¥2,468 million, up ¥1,221 million; ordinary profit was ¥2,413 million, up ¥1,193 million; and interim net profit attributable to owners of the parent was ¥1,542 million, up ¥794 million.」
Net sales, operating profit, ordinary profit and interim net profit attributable to owners of the parent all exceeded the same period of the previous year, resulting in higher sales and higher profit for the interim period. - FY2026Full-year revenue and profit growthAnnual report
「As a result, net sales for the fiscal year were ¥133,148 million, up 9.8% year on year; operating profit was ¥4,972 million, up ¥234 million; ordinary profit was ¥5,078 million, up ¥344 million; and net income attributable to owners of the parent was ¥3,651 million, up ¥678 million.」
For the full year, net sales, operating profit, ordinary profit and net income attributable to owners of the parent all increased, raising the performance level further from the previous fiscal year's trend of higher sales and operating profit. - FY2026-H1Higher sales, lower operating profit and a slight increase in profit attributable to owners of the parentAnnual report
「As a result, net sales for the interim consolidated accounting period were ¥52,319 million, up 8.1% year on year; operating profit was ¥1,246 million, down ¥129 million; ordinary profit was ¥1,220 million, down ¥57 million; and interim net income attributable to owners of the parent was ¥748 million, up ¥2 million.」
Sales increased in the interim period, while operating profit and ordinary profit declined. Interim net income attributable to owners of the parent increased slightly year on year. - FY2025Full-year results confirmed higher sales and operating profit, but lower ordinary profit due to foreign exchange lossesAnnual report
「Net sales for the fiscal year were ¥121,235 million, up 11.7% year on year. Operating profit was ¥4,738 million, up ¥306 million year on year; ordinary profit was ¥4,734 million, down ¥75 million; and net income attributable to owners of the parent was ¥2,973 million, up ¥25 million.」
For the full year, sales, operating profit and net income attributable to owners of the parent increased, while ordinary profit fell below the previous fiscal year due to foreign exchange losses and other factors. - FY2025-H1Higher Revenue and Operating Profit but Lower Ordinary Profit Due to Foreign Exchange LossesAnnual report
「As a result, net sales for the interim consolidated accounting period were ¥48,379 million, up 3.5% year on year. Operating profit was ¥1,375 million, up ¥48 million year on year, and ordinary profit was ¥1,277 million, down ¥377 million.」
On a consolidated basis, sales increased and operating profit rose, while ordinary profit declined due to the recognition of ¥133 million in foreign exchange losses following yen appreciation from July onward. - FY2024Full-year consolidated higher sales and earnings, with higher non-consolidated earningsAnnual report
「As a result, non-consolidated net sales were ¥89,317 million, up 1.6% year on year, and gross profit increased by ¥672 million year on year due to a 0.5-percentage-point improvement in the gross profit margin. …Operating profit was ¥3,412 million, up ¥261 million year on year. …Consolidated net sales for the fiscal year were ¥108,539 million, up 3.6% year on year. Operating profit was ¥4,431 million, up ¥691 million year on year, and ordinary profit was ¥4,809 million, up ¥813 million.」
On a non-consolidated basis, sales increased, the gross profit margin improved and operating profit rose. The company explained that it secured higher earnings by absorbing increases in human capital investment, system-related investment, travel expenses and advertising expenses. - FY2024-Q3Consolidated higher sales and earnings alongside lower non-consolidated earningsAnnual report
「As a result, non-consolidated net sales were ¥60,694 million, up 1.6% year on year, and the gross profit margin improved by 0.5 percentage points, increasing gross profit by ¥422 million year on year. However, expenses increased as the company actively invested in human capital and systems to strengthen its operating base, while travel and advertising expenses also rose with the full-scale resumption of business activities following the COVID-19 pandemic. Operating profit was therefore ¥1,962 million, down ¥141 million year on year.」
On a non-consolidated basis, sales increased and the gross profit margin improved, but operating profit fell below the year-earlier period due to higher human capital investment, system-related investment, travel expenses and advertising expenses. On a consolidated basis, net sales were ¥73,403 million, operating profit was ¥2,607 million, ordinary profit was ¥2,812 million, and quarterly net income attributable to owners of the parent was ¥1,998 million, resulting in higher sales and earnings. - FY2024-Q2Higher sales and consolidated operating profit, with reduced foreign exchange gainsAnnual report
「As a result, net sales for the second-quarter consolidated cumulative period were ¥46,755 million, up 6.3% year on year. Operating profit was ¥1,327 million, up ¥87 million year on year; ordinary profit was ¥1,654 million, down ¥55 million; and quarterly net income attributable to owners of the parent was ¥1,133 million, up ¥91 million.」
Consolidated net sales, operating profit and quarterly net income attributable to owners of the parent exceeded the year-earlier period, while ordinary profit fell below the year-earlier period due to lower foreign exchange gains from yen depreciation. On a non-consolidated basis, operating profit declined due to higher personnel expenses, system-related investment, travel expenses and advertising expenses. - FY2024-Q1Higher sales and earnings in the first quarter, with reduced foreign exchange gainsAnnual report
「As a result, net sales for the first-quarter consolidated cumulative period were ¥22,320 million, up 18.7% year on year. The gross profit margin continued to improve due to strengthened value-added sales based on systems proposals, while profit in the China segment, which had been affected by the Shanghai lockdown and other factors in the previous fiscal year, expanded substantially. These improvements absorbed higher expenses, including travel and advertising expenses associated with the full-scale resumption of business activities following the COVID-19 pandemic, as well as increased human capital investment, resulting in operating profit of ¥593 million, up ¥240 million year on year. Ordinary profit was ¥838 million, up ¥56 million year on year, including ¥215 million in foreign exchange gains from yen depreciation, compared with ¥347 million in the same quarter of the previous year.」
Sales increased 18.7% year on year, while operating profit rose to ¥593 million and ordinary profit rose to ¥838 million. The recovery in the China segment and the higher gross profit margin from value-added sales absorbed increased expenses, while foreign exchange gains decreased from the year-earlier period. - FY2023Full-year higher sales and earnings, with reduced foreign exchange gainsAnnual report
「Net sales for the fiscal year were ¥104,778 million, up 14.1% year on year. Operating profit was ¥3,740 million, up ¥1,075 million year on year, and ordinary profit was ¥3,996 million, up ¥965 million.」
The previous fiscal year's earnings growth continued for the full year, with net sales, operating profit and ordinary profit all increasing. Meanwhile, non-operating income fell from ¥525 million to ¥367 million due to lower foreign exchange gains, changing the composition of earnings. - FY2023-Q3Higher sales and earnings in the third quarter, with foreign exchange gains recordedAnnual report
「As a result, non-consolidated net sales were ¥59,763 million, up 12.9% year on year, and the gross profit margin improved by 1.1 percentage points, increasing gross profit by ¥1,219 million year on year. Expenses increased due to expanded investment in human capital, while the company also incurred system-related expenses associated with strengthening its operating base and domestic and overseas travel expenses. Nevertheless, operating profit was ¥2,103 million, up ¥583 million year on year. In addition, foreign exchange gains were recorded as the yen weakened, bringing ordinary profit to ¥2,442 million, up ¥730 million year on year.」
On a non-consolidated basis, higher sales, an improved gross profit margin and higher operating profit absorbed increases in human capital investment and system-related expenses. Foreign exchange gains associated with yen depreciation also lifted ordinary profit. - FY2023-Q2Higher sales and earnings, with increased foreign exchange gainsAnnual report
「As a result, non-consolidated net sales were ¥37,890 million, up 13.6% year on year, and the gross profit margin improved by 1.0 percentage point, increasing gross profit by ¥819 million year on year. Expenses increased due to expanded investment in human capital, while the company also incurred system-related investments to strengthen its operating base and travel expenses associated with the resumption of business travel. Nevertheless, operating profit was ¥1,332 million, up ¥472 million year on year. In addition, foreign exchange gains increased substantially as the yen weakened, bringing ordinary profit to ¥1,941 million, up ¥990 million year on year.」
Unlike the previous period's lower operating profit despite higher sales, the non-consolidated results showed higher sales, an improved gross profit margin and higher operating profit. Ordinary profit also increased substantially due to higher foreign exchange gains from yen depreciation. - FY2023-Q1Higher ordinary profit from foreign exchange gains despite lower operating profit on higher salesAnnual report
「The gross profit margin improved as the company strengthened its systems proposal-based sales, but operating profit was ¥352 million, down ¥43 million year on year, partly due to the impact of China's economic slowdown during the COVID-19 pandemic. Ordinary profit was ¥782 million, up ¥346 million year on year, reflecting the recognition of foreign exchange gains from yen depreciation.」
Net sales increased 6.6% year on year to ¥18,809 million, while operating profit fell to ¥352 million. The systems proposal-based sales model improved the gross profit margin, but China's economic slowdown weighed on operating profit, while foreign exchange gains from yen depreciation lifted ordinary profit. - FY2022MitigatedAnnual report
「As a result, net sales for the fiscal year were ¥91,857 million, up 11.1% year on year. Operating profit was ¥2,664 million, up ¥772 million year on year; ordinary profit was ¥3,030 million, up ¥897 million; and net income attributable to owners of the parent was ¥2,252 million, up ¥785 million.」
From the decline in sales and earnings caused by the COVID-19 pandemic in the previous fiscal year, full-year net sales, operating profit, ordinary profit and net income attributable to owners of the parent all increased, confirming an improvement in the earnings environment. - FY2022-Q3MitigatedAnnual report
「On a non-consolidated basis, revenue was ¥52,950 million, up 17.3% year on year, and the gross margin improved 0.8 percentage points year on year. Although personnel costs increased due to wage increases, operating profit rose to ¥1,520 million, up ¥850 million year on year, as business travel expenses and exhibition costs remained low during the COVID-19 pandemic. Ordinary profit also increased to ¥1,711 million, up ¥923 million year on year, due to higher foreign exchange gains.」
Unlike the previous pressure on earnings from yen appreciation and foreign exchange losses, non-consolidated operating profit and ordinary profit exceeded the year-earlier period, driven by higher sales, an improved gross profit margin, controlled expenses and increased foreign exchange gains. On a consolidated basis, operating profit was ¥1,908 million and ordinary profit was ¥2,068 million, indicating that the earnings environment continues to improve. - FY2022-Q2MitigatedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal period under review was ¥40,111 million, up 12.9% year on year. Operating profit was ¥1,103 million, up ¥711 million year on year, ordinary profit was ¥1,214 million, up ¥798 million, and quarterly net income attributable to owners of the parent was ¥905 million, up ¥695 million.」
Results improved from the lower revenue and profit caused by COVID-19 and other factors in the previous period, with revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeding the previous year's levels. - FY2022-Q1MitigatedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal period under review was ¥17,638 million, up 11.0% year on year. Handling more high-margin products and reducing travel and transportation expenses due to restrictions on movement increased operating profit to ¥395 million, up ¥307 million year on year. Ordinary profit was ¥435 million, up ¥303 million year on year.」
From the lower revenue and profit caused by COVID-19 in the previous period, revenue improved 11.0% year on year, operating profit improved from ¥87 million to ¥395 million, and ordinary profit improved from ¥132 million to ¥435 million. Increased sales of high-margin products and reductions in travel and transportation expenses and other costs were cited as factors behind the improvement in profit. - FY2021WorsenedAnnual report
「As a result, revenue for the consolidated fiscal year under review was ¥82,669 million, down 11.5% year on year. Operating profit was ¥1,892 million, down ¥557 million year on year, ordinary profit was ¥2,132 million, down ¥363 million, and net income attributable to owners of the parent was ¥1,466 million, down ¥223 million.」
Against the backdrop of COVID-19 and other factors, the decline in revenue and profit continued for the full year, with declines in revenue, operating profit, ordinary profit and net income attributable to owners of the parent quantified. - FY2021-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal period under review was ¥54,444 million, down 13.6% year on year. Operating profit was ¥816 million, down ¥524 million year on year, ordinary profit was ¥879 million, down ¥463 million, and quarterly net income attributable to owners of the parent was ¥576 million, down ¥302 million.」
The decline in revenue and profit caused by COVID-19 and other factors continued through the cumulative third quarter, with declines in revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent quantified. - FY2021-Q2WorsenedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal period under review was ¥35,523 million, down 14.7% year on year. Operating profit was ¥392 million, down ¥480 million year on year, ordinary profit was ¥415 million, down ¥442 million, and quarterly net income attributable to owners of the parent was ¥210 million, down ¥319 million.」
Due to the impact of COVID-19 and other factors, consolidated revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all fell below the previous year's levels, quantifying the decline in revenue and profit. - FY2021-Q1WorsenedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal period under review was ¥15,897 million, down 18.0% year on year. Relocating the head office in the previous period reduced rent and other expenses, while the use of telework and remote sales reduced travel and transportation expenses and other costs, partly offsetting the decline in revenue. However, operating profit was ¥87 million, down ¥280 million year on year. Ordinary profit was ¥132 million, down ¥247 million year on year.」
In addition to lower revenue due to COVID-19 and other factors, operating profit fell ¥280 million year on year and ordinary profit fell ¥247 million. Cost savings from relocating the head office and using telework and remote sales partly offset the decline in revenue, but the downward trend in profit continued. - FY2020WorsenedAnnual report
「Revenue for the consolidated fiscal year under review was ¥93,368 million, down 7.2% year on year. Operating profit was ¥2,449 million, down ¥828 million year on year, and ordinary profit was ¥2,496 million, down ¥949 million year on year.」
Following record-high results in the previous period, the company shifted to lower revenue and lower profit, with consolidated revenue, operating profit and ordinary profit each falling below the previous year's level. - FY2020-Q3WorsenedAnnual report
「On a consolidated basis, customers became more cautious about capital investment as the economy showed signs of slowing, and orders tended to be deferred. As a result, sales declined at both domestic and overseas subsidiaries. In addition, an overseas sales subsidiary incurred foreign exchange losses of approximately ¥48 million, contributing to the decline in ordinary profit. As a result, revenue for the cumulative third quarter of the consolidated fiscal period under review was ¥63,020 million, down 8.4% year on year. Operating profit was ¥1,340 million, down ¥782 million year on year, and ordinary profit was ¥1,342 million, down ¥929 million year on year.」
Sales at domestic and overseas subsidiaries declined as the economic slowdown made customers more cautious about capital investment and led to order deferrals. Foreign exchange losses of approximately ¥48 million were also incurred. Consolidated revenue, operating profit and ordinary profit all fell below the previous year's levels. - FY2020-Q2Lower profit due to lower revenue, higher personnel costs, head office relocation costs and foreign exchange lossesAnnual report
「On a non-consolidated basis, revenue had been planned at roughly the same level as in the same quarter of the previous year, but fell 6.6% year on year to ¥36,198 million. Although the improved gross margin partly offset the decline in revenue, personnel costs increased to strengthen administration and sales for the future, and one-off costs associated with relocating the head office were recognized, resulting in operating profit of ¥641 million, down ¥327 million year on year. In addition, foreign exchange losses of ¥74 million arose as the yen strengthened against the US dollar, among other factors, resulting in ordinary profit of ¥754 million, down ¥601 million year on year.」
Non-consolidated revenue fell 6.6% year on year, while personnel costs associated with strengthening administration and sales, one-off costs related to relocating the head office, and foreign exchange losses of ¥74 million caused by the stronger yen against the US dollar added to the factors behind the decline in profit. Operating profit was ¥641 million and ordinary profit was ¥754 million, with the factors behind the decline becoming more diverse. - FY2020-Q1Lower profit due to lower revenue and the stronger yenAnnual report
「In addition to lower revenue, personnel costs increased as staffing was expanded to strengthen sales and administration for the future, among other factors, and operating profit was ¥367 million, down ¥128 million year on year. As the yen strengthened, foreign exchange gains and losses, including foreign exchange valuation effects, were a loss of ¥56 million, compared with a gain of ¥161 million in the same quarter of the previous year, resulting in ordinary profit of ¥379 million, down ¥288 million year on year.」
Operating profit and ordinary profit declined year on year due to lower revenue, higher personnel costs associated with increased staffing, and foreign exchange losses of ¥56 million caused by the stronger yen. The profit composition and results changed from the trend of higher profit in the previous period. - FY2019Record-high results and higher profitAnnual report
「Revenue for the consolidated fiscal year under review was ¥100,646 million, up 6.0% year on year, exceeding the ¥100,000 million milestone for the first time. Operating profit was ¥3,278 million, up 11.5% year on year.」
Revenue exceeded ¥100 billion for the first time, while operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the previous year's levels. - FY2019-Q2Higher profit driven by increased revenue and foreign exchange gainsAnnual report
「Consolidated operating profit increased to ¥1,354 million, up ¥101 million year on year, on higher revenue. In addition, as the yen weakened, foreign exchange gains and losses were a gain of approximately ¥173 million, among other factors, resulting in consolidated ordinary profit of ¥1,575 million, up ¥245 million year on year.」
Operating profit increased ¥101 million year on year on higher revenue, while foreign exchange gains of approximately ¥173 million due to the weaker yen brought the increase in ordinary profit to ¥245 million. On a non-consolidated basis, operating profit declined slightly due to higher personnel costs associated with increased staffing. - FY2019-Q1Changing profit composition due to higher personnel costs and foreign exchange gainsAnnual report
「Personnel costs increased as staffing was expanded to strengthen sales and administration for the future, among other factors, and operating profit declined slightly to ¥496 million, down ¥7 million year on year. Meanwhile, as the yen weakened, foreign exchange gains and losses were a gain of approximately ¥161 million, resulting in ordinary profit of ¥667 million, up ¥138 million year on year.」
Personnel costs associated with increased staffing to strengthen sales and administration reduced operating profit by ¥7 million year on year, while foreign exchange gains of approximately ¥161 million due to the weaker yen increased ordinary profit by ¥138 million. Unlike the profit pressure caused by the stronger yen and foreign exchange losses in the previous period, the composition of factors driving profit changes has shifted. - FY2018-Q3MitigatedAnnual report
「With the dollar-based exchange rate also stable, foreign exchange gains and losses, including foreign exchange valuation effects, were a gain of approximately ¥44 million.／Operating profit was ¥2,018 million, up ¥649 million year on year.」
The exchange rate was stable, and foreign exchange gains and losses were a gain of approximately ¥44 million. Operating profit also increased ¥649 million year on year, and the profit pressure from the stronger yen and foreign exchange losses seen in the previous period was not observed. - FY2018-Q2MitigatedAnnual report
「Operating profit was ¥1,252 million, up ¥379 million year on year, and ordinary profit was ¥1,330 million, up ¥503 million year on year.」
The profit pressure from the stronger yen and foreign exchange losses seen in the previous period was not observed in the quarter under review, and both operating profit and ordinary profit increased year on year. Foreign exchange gains and losses, including foreign exchange valuation effects, were also a gain of approximately ¥32 million. - FY2018-Q1MitigatedAnnual report
「Revenue was ¥19,461 million, up 10.8% year on year, marking a record high for a first quarter on a consolidated basis. Operating profit was ¥503 million, up ¥301 million year on year. With foreign exchange relatively stable, foreign exchange gains and losses were a gain of approximately ¥18 million, and ordinary profit was ¥528 million, up ¥348 million year on year.」
The higher costs at overseas subsidiaries and foreign exchange losses caused by the stronger yen, which weighed on operating profit in the previous period, were not seen in the quarter under review, and both operating profit and ordinary profit improved substantially year on year. - FY2017Changing composition of factors behind the decline in profitAnnual report
「Operating profit was ¥2,297 million, down ¥391 million year on year.」
Full-year operating profit fell 14.6% year on year. Lower revenue and higher selling, general and administrative expenses weighed on profit, while foreign exchange losses declined from ¥250 million in the previous year to ¥137 million. The factors behind the decline therefore included higher expenses as well as the previous impact of the stronger yen. - FY2017-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal period under review was ¥57,675 million, down 2.7% year on year. Operating profit was ¥1,369 million, down ¥419 million year on year.」
Consolidated operating profit was ¥1,369 million, down ¥419 million year on year. On a non-consolidated basis, operating profit was roughly unchanged from the previous period due to an improved gross margin, and foreign exchange losses were eliminated as the yen weakened, but consolidated profit continued to decline against a backdrop of lower overseas sales and other factors. - FY2017-Q2WorsenedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal period under review was ¥38,113 million, down 4.3% year on year. Operating profit was ¥873 million, down ¥327 million year on year.」
Consolidated operating profit was ¥873 million, down ¥327 million year on year. On a non-consolidated basis, operating profit was described as roughly unchanged from the previous period due to an improved gross margin. - FY2017-Q1First statedAnnual report
「Operating profit fell sharply to ¥202 million, due to the recognition of provisions in accordance with accounting standards and higher costs of sales at overseas subsidiaries resulting from the stronger yen, among other factors (down ¥252 million year on year).」
Operating profit fell ¥252 million year on year, with the recognition of provisions and higher costs of sales at overseas subsidiaries resulting from the stronger yen cited as factors.