Profit pressure on the VONA business from business expansion costs
First written in FY2018-Q3. 15 of 27 entries say "Mitigated", first in FY2020-Q1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2017: 2 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-07-31MitigatedEarnings
「All regions except Europe achieved double-digit growth, and, in addition to the revenue increase, improved profitability resulted in net sales of ¥55,679 million, up 24.5% year on year, and operating profit of ¥6,776 million, up 88.8%.」
The VONA business reported improved profitability in addition to the revenue increase, indicating that the earnings pressure from prior-year business expansion expenses and weak demand eased further in the first quarter. - FY2026MitigatedAnnual report
「The VONA business is the MISUMI Group's distribution business, selling manufacturing and automation-related equipment components, including products from other companies besides the MISUMI brand, as well as indirect materials such as MRO (consumables). Business remained generally solid in all regions, with revenue of ¥192,516 million, up 7.1% year on year, and operating income of ¥18,635 million, up 28.8%.」
The VONA business reported higher revenue and earnings, and the profit pressure from business expansion costs and sluggish demand seen in previous years eased further in the current-period results. - FY2026-H1RestatedAnnual report
「Business remained solid, mainly in China and Asia, with revenue of ¥90,498 million, up 2.4% year on year, and operating income of ¥7,307 million, up 0.8%.」
The VONA business reported higher revenue and earnings, mainly in China and Asia, and the easing of profit pressure was maintained in terms of performance for the current interim consolidated accounting period. - FY2025MitigatedAnnual report
「Growth in Asia and China drove the VONA business, with revenue of ¥179,732 million, up 6.0% year on year, and operating income of ¥14,466 million, up 2.4%.」
The VONA business reported higher revenue and earnings on growth in Asia and China, and the profit pressure from the business expansion costs and sluggish demand seen in previous periods had eased in the current-period results. - FY2025-H1MitigatedAnnual report
「The VONA business is the MISUMI Group’s distribution business, selling manufacturing and automation-related equipment components, including products made by other companies in addition to the MISUMI brand, as well as indirect materials such as MRO supplies. It performed steadily across all overseas regions and secured higher revenue year on year. Revenue was ¥88,347 million, up 6.6% year on year, and operating profit was ¥7,251 million, up 5.2%.」
The VONA business recorded higher revenue in all overseas regions, while operating income increased 5.2% year on year. The profit pressure from the previous business expansion costs and sluggish demand has eased in terms of performance for the current interim consolidated accounting period. - FY2024-Q3RestatedAnnual report
「VONA is MISUMI Group's distribution business, selling manufacturing- and automation-related equipment components, including products from companies other than the MISUMI brand, as well as indirect materials such as MRO products and consumables. Although Japan was broadly in line with the previous year, demand continued to weaken in China and Asia, where customer factory utilization was sluggish. Revenue was ¥125,751 million, down 3.5% year on year, and operating profit was ¥10,729 million, down 23.3%.」
In the VONA business, revenue and operating income declined due to weak operations at customer factories and sluggish demand in China and Asia, and profit pressure has continued. - FY2024-Q2RestatedAnnual report
「The VONA business is the MISUMI Group's distribution business, selling manufacturing and automation-related equipment components, including products from other companies besides the MISUMI brand, as well as indirect materials such as MRO (consumables). Although Japan, which accounts for a large portion of sales, remained at the same level as the previous year, China and Asia were significantly affected by slowing demand. Revenue was ¥82,868 million, down 4.6% year on year, while operating income was ¥6,896 million, down 30.5%.」
In the VONA business, the decline in revenue and operating income due to slowing demand in China and Asia has continued. - FY2024-Q1WorsenedAnnual report
「The VONA business is the MISUMI Group's distribution business, selling manufacturing and automation-related equipment components, including products from other companies besides the MISUMI brand, as well as indirect materials such as MRO (consumables). Europe and the Americas continued to grow, while China and Asia were significantly affected by lower customer factory operating rates and other factors. Revenue was ¥41,204 million, down 5.1% year on year, while operating income was ¥3,276 million, down 40.3%.」
In the VONA business, revenue fell 5.1% year on year and operating income fell 40.3% due to lower operating rates at customer factories in China and Asia. In addition to the previous increase in upfront costs, profit pressure from weaker demand and lower operating rates has become more pronounced. - FY2023RestatedAnnual report
「The VONA business is the MISUMI Group's distribution business, selling manufacturing and automation-related equipment components, including products from other companies besides the MISUMI brand, as well as indirect materials such as MRO (consumables). It continued to grow, driven by solid demand related to EVs in Europe and the Americas, while China and Japan were significantly affected by lower factory operating rates and other factors. Revenue was ¥172,093 million, up 0.2% year on year, while operating income was ¥16,506 million, down 14.4%.」
The factors pressuring VONA's earnings are described as a slowdown in demand due to lower factory operating rates and other factors in China and Japan, rather than upfront costs associated with business expansion. - FY2023-Q3ReframedAnnual report
「The VONA business is the MISUMI Group's distribution business, selling manufacturing and automation-related equipment components, including products from other companies besides the MISUMI brand, as well as indirect materials such as MRO (consumables). In addition to the impact of lower factory operating levels, mainly in China and Japan, and sales suspensions that continued through the first half, supply difficulties for certain products have yet to be fully resolved. Revenue was ¥130,270 million, up 1.0% year on year, while operating income was ¥13,989 million, down 11.3%.」
The factors pressuring VONA's earnings are described as lower factory operating levels, sales suspensions and supply difficulties for certain products, rather than the increase in upfront costs associated with the previous business expansion. - FY2023-Q1MitigatedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling manufacturing and automation-related equipment components, MRO products (consumables) and other indirect materials, including products from other companies besides the MISUMI brand. Although product shortages continued to have an impact, demand related to automation remained firm, particularly in overseas regions. Revenue was ¥43.431 billion, up 1.5% year on year, and operating income was ¥5.490 billion, up 4.8% year on year.」
Despite the continued impact of shortages of certain products, the VONA business posted a 4.8% year-on-year increase in operating income, and the profit pressure from business expansion costs continues to ease. - FY2022MitigatedAnnual report
「Despite the impact of discontinuing sales of low-margin products and shortages of certain products, the business grew substantially by capturing global demand related to automation. Revenue was ¥171.799 billion, up 21.3% year on year, and operating income was ¥19.287 billion, up 213.5% year on year.」
Despite discontinuing sales of low-margin products, VONA operating income increased 213.5% year on year, further easing the profit pressure from business expansion costs. - FY2022-Q3MitigatedAnnual report
「The VONA business is the MISUMI Group’s distribution business, selling manufacturing and automation-related equipment components, indirect materials and MRO supplies, including products made by other companies in addition to the MISUMI brand. By broadly capturing global demand related to automation, revenue was ¥128,969 million, up 28.4% year on year, and operating profit was ¥15,776 million, up 296.9%.」
VONA operating income increased 296.9% year on year on the capture of global demand, further easing the profit pressure from business expansion costs. - FY2022-Q2MitigatedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling manufacturing and automation-related equipment components, indirect materials and MRO products (consumables), including products from other companies besides the MISUMI brand. Strong global demand for automation drove revenue to ¥85.649 billion, up 32.9% year on year, and operating income to ¥10.606 billion, up 515.0% year on year.」
VONA revenue and operating income both increased substantially, further easing the profit pressure from business expansion costs compared with the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling production equipment-related components, manufacturing supplies and MRO products (consumables), including products from other companies besides the MISUMI brand. As demand for capital investment and operating rates recovered in Japan and overseas, revenue was ¥42.795 billion, up 34.4% year on year, and operating income was ¥5.239 billion, up 585.0% year on year.」
The recovery in capital investment demand and profit improvement increased VONA operating income substantially, further easing the profit pressure from business expansion costs. - FY2021MitigatedAnnual report
「In the VONA business, operating income was ¥6.152 billion, up 1.7% year on year, due to a review of inefficient operations and the effects of price corrections.」
A review of inefficient operations and price corrections increased VONA operating income by 1.7% year on year, easing the profit pressure from business expansion costs. - FY2021-Q3MitigatedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling production equipment-related components, manufacturing supplies and MRO products (consumables), including products from other companies besides the MISUMI brand. China, Europe and the Americas remained strong, but negative growth continued in Japan. Revenue was ¥100.438 billion, down 5.1% year on year, while operating income was ¥3.975 billion, down 12.4% year on year, due to the impact of lower sales.」
The decline in VONA operating income was attributed to lower sales, with no mention of the previously stated profit pressure from higher upfront costs for business expansion. - FY2020MitigatedAnnual report
「Operating income was ¥6.052 billion, down 12.7% year on year, as the effects of profit improvement measures emerged, but sales declined and the Company continued to make selective investments to strengthen reliable short lead times.」
VONA revenue and operating income declined, but the effects of profit improvement measures emerged, limiting the decline in profit to 12.7% year on year. - FY2020-Q3MitigatedAnnual report
「As a result of these initiatives and proactive sales expansion measures, revenue increased in the Americas and Southeast Asia but could not offset the slowdown in China and Japan. Revenue was ¥105.818 billion, down 3.5% year on year, while operating income was ¥4.537 billion, down 0.9% year on year, as the effects of profit improvement measures emerged, but sales declined and the Company continued to make selective investments to strengthen reliable short lead times.」
VONA revenue declined 3.5% year on year, while the decline in operating income was limited to 0.9% year on year due to the effects of profit improvement measures, relatively easing the profit pressure from business expansion costs. - FY2020-Q2MitigatedAnnual report
「As a result of these initiatives and proactive sales expansion measures, revenue increased in Southeast Asia and the Americas but could not offset the slowdown in China and Japan. Revenue was ¥70.038 billion, down 2.9% year on year, while operating income was ¥2.995 billion, down 3.9% year on year, as the effects of profit improvement measures emerged, but sales declined and the Company continued to selectively invest in strengthening reliable short lead times.」
VONA revenue declined, but the decline in operating income was limited to 3.9% year on year due to the effects of profit improvement measures, easing the profit pressure from the previous fiscal year. - FY2020-Q1MitigatedAnnual report
「As a result of these initiatives and proactive sales expansion measures, revenue increased in Southeast Asia but could not offset the slowdown in Japan. Revenue was ¥35.072 billion, down 3.1% year on year, while operating income was ¥1.660 billion, up 1.0% year on year, due to the effects of profit improvement measures.」
VONA revenue declined 3.1% year on year, while operating income increased 1.0% year on year as a result of profit improvement measures, temporarily easing the profit pressure associated with business expansion. - FY2019RestatedAnnual report
「In the VONA business, revenue was ¥146.262 billion, up 11.4% year on year, while operating income was ¥6.929 billion, down 23.1% year on year, due mainly to higher upfront costs for expanding the domestic and overseas businesses.」
VONA revenue expanded, while operating income continued to decline due to higher upfront costs for expanding the domestic and overseas businesses. - FY2019-Q3RestatedAnnual report
「As a result of these initiatives and proactive sales expansion measures, revenue was ¥109.642 billion, up 14.8% year on year, while operating income was ¥4.577 billion, down 43.4% year on year, due mainly to higher upfront costs for expanding the domestic and overseas businesses.」
In the VONA business, revenue expanded, while operating income continued to decline year on year due to higher upfront costs for expanding the domestic and overseas businesses. - FY2019-Q2RestatedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling production equipment-related components, manufacturing supplies and MRO products (consumables), including products from other companies besides the MISUMI brand. The expansion of the product lineup supporting business growth continued during the current period, and the global number of products handled reached 25.30 million as of the second quarter. As a result of these initiatives and proactive sales expansion measures, revenue was ¥72.105 billion, up 16.2% year on year, while operating income was ¥3.117 billion, down 46.5% year on year, due mainly to higher upfront costs for expanding the domestic and overseas businesses.」
In the VONA business, the product lineup and revenue expanded, while operating income continued to decline year on year due to higher upfront costs for expanding the domestic and overseas businesses. - FY2019-Q1WorsenedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling production equipment-related components, manufacturing supplies and MRO products (consumables), including products from other companies besides the MISUMI brand. The expansion of the product lineup supporting business growth continued during the current period, and the global number of products handled reached 24.60 million as of the first quarter. As a result of these initiatives and proactive sales expansion measures, revenue was ¥36.177 billion, up 19.0% year on year, while operating income was ¥1.644 billion, down 49.2% year on year, due mainly to higher upfront costs for expanding the domestic and overseas businesses.」
VONA revenue increased 19.0% year on year, while operating income fell 49.2% year on year due to higher upfront costs for expanding the domestic and overseas businesses, with profit pressure more pronounced than in the third quarter and full year. - FY2018WorsenedAnnual report
「The VONA business is the distribution business of the MISUMI Group, selling production equipment-related components, manufacturing supplies and MRO products (consumables), including products from other companies besides the MISUMI brand. In addition to strong growth in Japan driven by an expanded product lineup, overseas revenue also increased as the Company advanced its international expansion. As a result of these initiatives and proactive sales expansion measures, revenue was ¥131.262 billion, up 25.6% year on year, while operating income was ¥9.010 billion, down 9.4% year on year, due mainly to higher costs associated with expanding the overseas business.」
VONA revenue increased 25.6% year on year, while the decline in operating income widened from 0.9% year on year in the third quarter to 9.4% for the full year due to costs associated with overseas business expansion. - FY2018-Q3First statedAnnual report
「As a result of these initiatives and proactive sales expansion measures, revenue was ¥95.509 billion, up 27.1% year on year, while operating income was ¥8.082 billion, down 0.9% year on year, due to higher costs for business expansion.」
The VONA segment posted higher revenue, while operating income declined 0.9% year on year due to higher costs for business expansion.