Updated Mar 23, 2026 by mixi
Profitability declined significantly in fiscal year 2018, with operating profit falling 18.4% to ¥72,359 million and net profit attributable to owners of the parent dropping 30.8% to ¥41,788 million.
Net sales decreased by 9.2% year-over-year, falling from ¥207,161 million in 2017 to ¥189,094 million in 2018.
Operating profit margins were compressed by a 12.5% increase in selling, general, and administrative expenses, even as the cost of sales remained stable.
Intangible assets experienced a major collapse, dropping from ¥8,954 million to ¥391 million due to a write-off of goodwill.
The company maintained strong liquidity, with cash and deposits increasing to ¥156,190 million and operating cash flow improving to ¥49,975 million.
Shareholders' equity grew to ¥169,587 million, bolstered by an increase in retained earnings and a reduction in treasury shares.
Capital expenditures totaled ¥1,329 million, contributing to an increase in property, plant, and equipment from ¥1,286 million to ¥1,888 million.
Profitability declined significantly in fiscal year 2018, with operating profit falling 18.4% to ¥72,359 million and net profit attributable to owners of the parent dropping 30.8% to ¥41,788 million.
Net sales decreased by 9.2% year-over-year, falling from ¥207,161 million in 2017 to ¥189,094 million in 2018.
Operating profit margins were compressed by a 12.5% increase in selling, general, and administrative expenses, even as the cost of sales remained stable.
Intangible assets experienced a major collapse, dropping from ¥8,954 million to ¥391 million due to a write-off of goodwill.
The company maintained strong liquidity, with cash and deposits increasing to ¥156,190 million and operating cash flow improving to ¥49,975 million.
Shareholders' equity grew to ¥169,587 million, bolstered by an increase in retained earnings and a reduction in treasury shares.
Capital expenditures totaled ¥1,329 million, contributing to an increase in property, plant, and equipment from ¥1,286 million to ¥1,888 million.