Consolidated sales, profit and costs, FY1983 - 1996 |
I. Automobiles |
After-tax net profit |
Total sales |
Both of Total sales and After-tax net profit |
The relation between the two ratios, (CGS+CS&GA)/Total Sales and After-tax Net Profit/Total Sales |
Around FY1984-86 (high-yen recession) |
Decrease |
|
|
|
Around FY1986-89/90 (high-yen boom=bubble) |
Increase |
|
|
|
Around FY1990-93 (Heisei recession started.) |
Decrease |
|
|
|
Around FY1993- (Heisei recession) |
Increase |
Increase [Exception: Mazda] |
Increase [Exception: Mazda] |
Inverse |
II. Electrical Appliances |
After-tax net profit |
Total sales |
Both of Total sales and After-tax net profit |
The relation between the two ratios, (CGS+CS&GA)/Total Sales and After-tax Net Profit/Total Sales |
Around FY1984-86 (high-yen recession) |
About the same as for Auto. |
|
|
|
Around FY1986-89/90 (high-yen boom=bubble) |
About the same as for Auto. |
|
|
|
Around FY1990-93 (Heisei recession started.) |
About the same as for Auto. |
|
|
|
Around FY1993- (Heisei recession) |
About the same as for Auto. Exceptions [Fujitu, Hitachi, Mitubishi Electric, Toshiba] : Decrease |
Increase |
Increase |
[Costs not considered] |
III. Precisions |
After-tax net profit |
Total sales |
Both of Total sales and After-tax net profit |
The relation between the two ratios, (CGS+CS&GA)/Total Sales and After-tax Net Profit/Total Sales |
Around FY1993- (Heisei recession) |
|
|
Increase |
[Costs not considered] |
IV.Genearl Trading |
After-tax net profit |
Total sales |
Both of Total sales and After-tax net profit |
The relation between the two ratios, (CGS+CS&GA)/Total Sales and After-tax Net Profit/Total Sales |
Around FY1993- (Heisei recession) |
Increase |
Increase [Only for Iwatani Sangyo]; Decrease[For many firms, such as Mitubishi Shyoji] |
Increase [Only for Iwatani Sangyo] |
Positive: This is in contrast with "Mfg: Automobile" above. |