expression, noun
decrease in both revenue and profit
A business and financial term used in reports, earnings announcements, and economic news. It describes a situation where a company's sales (revenue) and profit both decline compared to a previous period.
今期は減収減益となり、厳しい決算だった。
This fiscal period resulted in a decrease in both revenue and profit, making for a tough earnings report.
減収減
The cause of the decline in both revenue and profit is the surge in raw material costs.