Higher Personnel, Logistics and Seed Inspection Costs
First written in FY2018. 3 of 25 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 63 of 99 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Continued increase in personnel expensesAnnual report
「SG&A expenses were ¥8,130 million, up ¥105 million, or 1.3%, year on year. The main factor was higher personnel expenses associated with wage increases and other factors.」
SG&A expenses increased 1.3%, mainly due to higher personnel expenses associated with wage increases and other factors. - FY2025Higher personnel and depreciation and amortization expensesAnnual report
「SG&A expenses were ¥8,024 million, up ¥47 million, or 0.6%, year on year. Costs increased due to higher personnel expenses associated with wage increases and other factors, as well as higher depreciation and amortization expenses resulting from new capital investments and the accelerated depreciation of existing buildings in connection with the rebuilding of the head office.」
SG&A expenses increased 0.6% due to higher personnel expenses from wage increases and other factors, and higher depreciation and amortization expenses associated with new capital investments and the rebuilding of the head office. - FY2025-H1Seed and seedling costs continue to increaseAnnual report
「Profit was affected by higher costs from disposing of deteriorated-quality seeds, increased personnel expenses and higher seed import prices. Segment profit was ¥213 million, down 31.8% year on year.」
The disposal of deteriorated-quality seeds, higher personnel expenses and higher seed import prices were identified as factors increasing costs in the seed and seedling business, and segment profit declined 31.8%. - FY2024Costs continue to increaseAnnual report
「SG&A expenses were ¥7,977 million, up ¥255 million, or 3.3%, year on year. Costs increased due to higher personnel expenses associated with wage increases and a larger workforce, the enhancement of logistics and storage facilities to improve seed quality, and higher depreciation and amortization expenses.」
SG&A expenses increased 3.3% due to wage increases and a larger workforce, logistics and storage facilities to improve seed quality, and higher depreciation and amortization expenses. - FY2024-Q3Quality-improvement-related costs continueAnnual report
「Segment profit was ¥398 million, down 12.4% year on year, due to higher personnel expenses, higher costs associated with enhancing logistics and storage facilities to improve seed quality, and higher procurement prices resulting from the weaker yen.」
Higher personnel expenses, costs associated with enhancing logistics and storage facilities to improve seed quality, and higher purchase prices due to the weaker yen were identified as factors reducing profit in the seed and seedling business. - FY2024-Q2Quality-improvement-related costs continueAnnual report
「Profit was affected by higher personnel expenses and increased costs resulting from the enhancement of logistics and storage facilities to improve seed quality. Segment profit was ¥312 million, down 5.3% year on year.」
Higher personnel expenses and increased costs associated with enhancing logistics and storage facilities to improve seed quality reduced segment profit in the seed and seedling business by 5.3%. - FY2024-Q1Higher personnel and quality-improvement-related costsAnnual report
「Profit was also affected by higher personnel expenses associated with wage increases and a larger workforce, as well as higher costs resulting from the enhancement of logistics and storage facilities to improve seed quality. Segment profit was ¥312 million, down 17.6% year on year.」
Higher personnel expenses due to wage increases and a larger workforce, and costs associated with enhancing logistics and storage facilities to improve seed quality, were identified as factors reducing profit in the seed and seedling business. - FY2023Higher SG&A expensesAnnual report
「SG&A expenses were ¥7,722 million, up ¥69 million, or 0.9%, year on year. This was due to higher travel and related expenses as business activity approached normal levels following the easing of movement restrictions during the COVID-19 pandemic, as well as higher depreciation and amortization expenses for the new core system, which began operating during the fiscal year ended May 2022.」
SG&A expenses increased 0.9% due to higher travel and related expenses following the easing of movement restrictions and increased depreciation and amortization expenses for the new core system. - FY2023-Q3MitigatedAnnual report
「Selling, general and administrative expenses 5,596,217 5,536,857」
Cumulative SG&A expenses for the third quarter decreased from ¥5,596.217 million in the same period of the previous year to ¥5,536.857 million. - FY2023-Q2MitigatedAnnual report
「Selling, general and administrative expenses 3,839,474 3,717,485」
Cumulative SG&A expenses for the second quarter decreased from ¥3,839.474 million in the same period of the previous year to ¥3,717.485 million. - FY2023-Q1Increase in depreciation and amortizationAnnual report
「Profit was affected by higher depreciation and amortization expenses, among other factors. Operating profit was ¥291 million, down ¥24 million, or 7.8%, year on year; ordinary profit was ¥340 million, down ¥14 million, or 4.1%; and net profit attributable to owners of the parent was ¥224 million, down ¥10 million, or 4.4%.」
Higher depreciation and amortization expenses were newly identified as a factor reducing operating profit, ordinary profit and quarterly net profit attributable to owners of the parent. - FY2022MitigatedAnnual report
「This was due to the reduction of logistics expenses and various other costs.」
SG&A expenses decreased 1.5% year on year due to reductions in logistics expenses and various other costs. - FY2022-Q3Costs of implementing and operating the core systemAnnual report
「Profit was also affected by the costs incurred in implementing and operating the new core system, in addition to the factors behind the decline in revenue. Operating profit was ¥373 million, down ¥106 million, or 22.3%, year on year; ordinary profit was ¥474 million, down ¥101 million, or 17.6%; and net profit attributable to owners of the parent was ¥287 million, down ¥128 million, or 30.9%.」
Costs associated with implementing and operating the core system emerged as a new factor reducing profit, resulting in declines in operating profit, ordinary profit and quarterly net profit attributable to owners of the parent. - FY2022-Q2Higher SG&A expensesAnnual report
「Selling, general and administrative expenses 3,812,134 3,839,474」
Cumulative SG&A expenses for the second quarter increased from ¥3,812.134 million in the same period of the previous year to ¥3,839.474 million. - FY2022-Q1Quarterly increase in SG&A expensesAnnual report
「Selling, general and administrative expenses 1,921,819 1,943,558」
Cumulative SG&A expenses for the first quarter increased from ¥1,921.819 million in the same period of the previous year to ¥1,943.558 million. - FY2021SG&A expenses continue to increaseAnnual report
「SG&A expenses were ¥7,765 million, up ¥120 million, or 1.6%, year on year. This was mainly due to higher costs for the new core system and increased personnel and logistics expenses, despite a decline in travel expenses during the COVID-19 pandemic.」
SG&A expenses increased 1.6% due to higher costs for the new core system, personnel and logistics, despite a decline in travel expenses. - FY2021-Q2Slight increase in SG&A expensesAnnual report
「Selling, general and administrative expenses 3,782,802 3,812,134」
Cumulative SG&A expenses for the second quarter increased from ¥3,782.802 million in the same period of the previous year to ¥3,812.134 million. - FY2020Costs continue to increaseAnnual report
「Selling, general and administrative expenses were ¥7,644 million, up ¥53 million, or 0.7%, year on year. This was mainly due to higher personnel and logistics costs.」
Higher personnel and logistics costs increased SG&A expenses by 0.7% year on year. - FY2020-Q3Costs continue to increaseAnnual report
「In terms of profit, seed production costs increased in line with higher labor costs in emerging-market countries where production is outsourced, and research and development expenses also increased. Segment profit was ¥523 million, down 16.4% year on year.」
In addition to higher seed production costs in line with rising labor costs in emerging-market countries, higher research and development expenses reduced profit in the seed business. - FY2020-Q2Higher seed production costsAnnual report
「Seed production costs increased in line with higher labor costs in emerging-market countries where production is outsourced, while logistics costs also increased,」
Higher seed production costs in line with rising labor costs in emerging-market countries, together with higher logistics costs, reduced profit in the seed business. - FY2019Costs continue to increaseAnnual report
「Selling, general and administrative expenses increased ¥93 million, or 1.3%, year on year. This was due to higher personnel costs associated with increased staffing and other factors, higher depreciation resulting from the rebuilding of a branch office and warehouse, seed testing costs to address seed diseases, and higher logistics costs.」
Higher personnel costs, depreciation associated with warehouse rebuilding, seed testing costs and logistics costs have continued to drive increases in SG&A expenses. - FY2019-Q3RestatedAnnual report
「In the seed business, revenue from vegetable seeds declined as cabbage exports were affected by shifts in sales timing, but domestic edamame sales and carrot exports remained firm, resulting in higher revenue. Revenue from forage seeds also increased, supported by higher sales of Italian ryegrass in western Japan and seeds for revegetation projects related to disaster recovery. However, lower landscaping orders, following the integration of the landscaping business into the seed business this fiscal year, weighed on results, and revenue fell 2.4% year on year to ¥5,235 million. Segment profit fell 8.7% to ¥626 million, reflecting higher personnel expenses and seed testing costs, among other factors.」
Higher personnel costs and seed testing costs, including costs to address seed diseases, continue to be identified as factors behind lower profit in the seed business. - FY2019-Q2RestatedAnnual report
「In the agricultural materials business, insecticide sales remained sluggish because fewer pests occurred amid extremely hot weather, but expanded sales of soil fumigants and new agricultural chemicals resulted in revenue of ¥11,149 million, up 1.9% year on year. Despite higher logistics costs, improved profitability and other factors lifted segment profit 76.0% to ¥126 million.」
Higher logistics expenses continue to be reported, but profit in the agricultural materials business increased this quarter because of improved profitability. - FY2019-Q1RestatedAnnual report
「Amid these conditions, the group's revenue declined ¥196 million, or 1.4%, year on year to ¥13,598 million because of sluggish sales in the floriculture business and other factors. In terms of profit, operating profit declined ¥21 million, or 6.1%, to ¥324 million and ordinary profit declined ¥17 million, or 4.8%, to ¥353 million, as the decline in revenue was compounded by higher logistics expenses.」
Higher logistics expenses continue to be identified as a factor behind lower operating and ordinary profit. - FY2018First statedAnnual report
「Selling, general and administrative expenses increased ¥302 million, or 4.2%, year on year. This was attributable to higher personnel costs associated with the increase in staff, higher logistics costs and seed testing costs to address seed diseases, among other factors.」
Higher personnel costs associated with increased staffing, higher logistics costs and testing costs to address seed diseases are identified together for the first time as factors behind higher SG&A expenses.