Revenue and profit decline due to lower utilization rates for certain models in the construction machinery business
First written in FY2018-Q2. 11 of 25 entries say "Restated". Latest entry: 2026-07-29.
Gecoss moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Mitigated".
- 2026-07-29MitigatedEarnings
「In the construction machinery business, net sales were ¥3,824 million, up 11.0% year on year, and ordinary profit was ¥130 million, up 20.8%, mainly due to increased sales of used assets resulting from initiatives to optimize owned assets.」
The deterioration in earnings associated with lower utilization rates and declining used-equipment sales was mitigated by optimizing owned assets and increasing used-asset sales. - FY2026-H1MitigatedAnnual report
「In the construction equipment business, higher profitability resulting from changes in the asset composition contributed to net sales of ¥7,219 million, up 0.2% year on year, and ordinary profit of ¥164 million, up 9.0%.」
Against the previous decline in profit caused by lower used-equipment sales and other factors, ordinary profit increased 9.0% year on year as a result of improved profitability through a change in the asset mix. - FY2025-H1WorsenedAnnual report
「In the construction machinery business, net sales increased 0.2% from the previous interim consolidated fiscal period to ¥7,208 million. However, ordinary income declined 39.8% to ¥150 million, as improved earnings from leased equipment were offset by a decrease in used-equipment sales and other factors.」
Revenue in the construction equipment business was broadly in line with the year-earlier level, while ordinary profit fell 39.8% owing mainly to a decline in used-equipment sales that outweighed the improvement in lease-equipment profitability. - FY2024MitigatedAnnual report
「In the construction machinery business, net sales increased 3.5% year on year to ¥14,747 million, due to increased asset sales as the review of assets held progressed following the integration of the 5 former subsidiaries, as well as efforts to strengthen the range of new products and focus on expanding sales. Ordinary income increased 105.4% to ¥422 million, additionally reflecting the absence of the impact of the change in the applicable standard for retirement benefit accounting that had affected the previous year.」
After previously reporting lower profit due to declining utilisation and purchases of assets for rental, the business shifted to higher revenue and ordinary profit through asset disposals, expanded sales of new products and other measures, with ordinary profit increasing 105.4% year on year. - FY2024-Q3WorsenedAnnual report
「In the construction equipment business, revenue increased 3.4% year on year to ¥11,131 million, while ordinary profit fell 4.1% to ¥316 million.」
The construction equipment business reported higher revenue, but ordinary profit turned down from the increase in the previous quarter and fell 4.1% year on year. - FY2024-Q1MitigatedAnnual report
「In the construction machinery business, net sales increased 4.3% year on year to ¥3,430 million, and ordinary income increased 110.8% to ¥134 million.」
The construction equipment business shifted this quarter from the decline in profit that had continued previously to higher revenue and ordinary profit. - FY2023-Q3RestatedAnnual report
「In the construction equipment business, revenue increased 5.2% year on year to ¥10,769 million, while ordinary profit increased 10.1% to ¥330 million.」
The construction equipment business reported higher revenue and ordinary profit, further easing the decline in profit seen in the previous quarter. Meanwhile, the ordinary profit growth rate narrowed from 57.4% in the previous quarter to 10.1%. - FY2023-Q2MitigatedAnnual report
「Meanwhile, in the construction equipment business, revenue increased 4.7% year on year to ¥6,925 million, while ordinary profit increased 57.4% to ¥202 million.」
The construction equipment business shifted from lower ordinary profit year on year in the previous quarter to higher revenue and ordinary profit. Revenue increased 4.7% and ordinary profit increased 57.4%, easing the decline in profit. - FY2023-Q1RestatedAnnual report
「In the construction equipment business, revenue was essentially unchanged year on year at ¥3,289 million, while ordinary profit fell 16.9% to ¥63 million.」
The construction equipment business reported revenue broadly in line with the year-earlier level, while ordinary profit fell 16.9% year on year, reconfirming the decline in profit. - FY2022-Q2RestatedAnnual report
「Meanwhile, in the construction equipment business, revenue increased 0.6% year on year to ¥6,615 million, while ordinary profit fell 52.9% to ¥128 million.」
The construction equipment business reported slightly higher revenue, but ordinary profit continued to decline substantially, falling 52.9% year on year. - FY2022-Q1RestatedAnnual report
「Meanwhile, in the construction equipment business, revenue increased 1.9% year on year to ¥3,290 million, but ordinary profit fell 31.1% to ¥76 million.」
The construction equipment business reported higher revenue, but ordinary profit continued to decline, falling 31.1% year on year. - FY2021WorsenedAnnual report
「However, the impact of construction cancellations and postponements resulting from the novel coronavirus was substantial, leaving revenue at ¥13,327 million, down 12.9% year on year, and ordinary profit at ¥472 million, down 64.6% year on year.」
The construction equipment business reported lower full-year revenue owing to the impact of construction cancellations and postponements, while ordinary profit fell 64.6% year on year. - FY2021-Q3WorsenedAnnual report
「In the construction equipment business, revenue fell 12.3% year on year to ¥10,102 million, while ordinary profit fell 57.3% to ¥455 million.」
The construction equipment business reported lower revenue and ordinary profit, with the decline in ordinary profit widening to 57.3% year on year from 55.3% in the previous cumulative quarter. - FY2021-Q2WorsenedAnnual report
「Meanwhile, in the construction equipment business, revenue fell 9.7% year on year to ¥6,575 million, while ordinary profit fell 55.3% to ¥272 million.」
The construction equipment business reported lower revenue and ordinary profit, with ordinary profit down 55.3% year on year and the decline widening. - FY2021-Q1WorsenedAnnual report
「Meanwhile, in the construction equipment business, revenue fell 6.2% year on year to ¥3,228 million, while ordinary profit fell 59.2% to ¥111 million.」
The construction equipment business reported lower revenue and ordinary profit, with ordinary profit down 59.2% year on year. The decline in profit associated with the impact of purchases of assets for rental and other factors, which continued from the previous fiscal year, became more pronounced. - FY2020RestatedAnnual report
「In the construction equipment business, revenue increased 6.3% year on year to ¥15,299 million, supported by firm construction market conditions and demand for disaster recovery, but ordinary profit fell 4.0% to ¥1,333 million, owing in part to the increase in purchases of assets for rental.」
The construction equipment business continued to report higher revenue but lower ordinary profit, owing in part to the increase in purchases of assets for rental. - FY2020-Q3ReframedAnnual report
「In the construction equipment business, revenue increased 7.2% year on year to ¥11,521 million, while ordinary profit increased 1.0% to ¥1,066 million.」
After previously reporting lower profit due to lower utilisation of some models and purchases of assets for rental, the construction equipment business reported higher revenue and ordinary profit in the cumulative third quarter. - FY2020-Q2RestatedAnnual report
「In the construction equipment business, revenue increased 6.7% year on year to ¥7,283 million, while ordinary profit fell 3.9% to ¥608 million.」
The construction equipment business reported higher revenue, but ordinary profit continued to remain below the year-earlier level. - FY2020-Q1RestatedAnnual report
「In the construction machinery business, net sales increased 6.2% year on year to ¥3,440 million, while ordinary income declined 10.1% to ¥272 million, due in part to the increased depreciation burden resulting from purchases of assets for rental.」
The construction equipment business continued to report higher revenue but lower ordinary profit, owing in part to the increase in depreciation expenses resulting from purchases of assets for rental. - FY2019RestatedAnnual report
「In the construction machinery business, net sales increased to ¥14,392 million, up 8.7% year on year, on the back of solid demand. However, ordinary income fell 2.5% to ¥1,388 million, due in part to the impact of increased purchases of assets for rental.」
The construction equipment business continued to report higher revenue but lower ordinary profit, owing in part to the increase in purchases of assets for rental. - FY2019-Q3RestatedAnnual report
「In the construction equipment business, revenue increased 8.5% year on year to ¥10,744 million, but ordinary profit fell 1.0% to ¥1,055 million, owing in part to the increase in purchases of assets for rental.」
The construction equipment business reported higher revenue, but ordinary profit continued to decline owing in part to the increase in purchases of assets for rental. The decline was 1.0% year on year. - FY2019-Q2RestatedAnnual report
「In the construction equipment business, revenue increased 8.3% year on year to ¥6,828 million, but ordinary profit fell 2.0% to ¥633 million, owing in part to the increase in purchases of assets for rental.」
The construction equipment business reported higher revenue, but ordinary profit continued to decline owing in part to the increase in purchases of assets for rental. The decline was 2.0% year on year. - FY2019-Q1ReframedAnnual report
「In the construction equipment business, revenue increased 8.0% year on year to ¥3,239 million, but ordinary profit fell 8.3% to ¥302 million, owing in part to the increase in purchases of assets for rental.」
Unlike the previous decline in revenue and ordinary profit caused by lower utilisation of some models, revenue increased this time while ordinary profit fell owing in part to the increase in purchases of assets for rental. - FY2018-Q3RestatedAnnual report
「In the construction equipment business, revenue was ¥9,899 million, down 0.2% year on year, while ordinary profit was ¥1,066 million, down 20.1% year on year.」
Revenue in the construction equipment business fell 0.2% year on year and ordinary profit fell 20.1%, with earnings continuing to remain below the year-earlier level. This filing does not identify lower utilisation of some models as a specific cause. - FY2018-Q2First statedAnnual report
「In the construction equipment business, revenue was ¥6,306 million, down 1.6% year on year, while ordinary profit was ¥646 million, down 24.8% year on year, due in part to utilisation falling below expectations for some models.」
For the first time, it specifically states that revenue and ordinary profit in the construction equipment business fell below the year-earlier levels, owing in part to lower utilisation of some models.