Higher selling, general and administrative expenses in indirect departments
First written in FY2018-Q2. 6 of 8 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 13 of 45 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In terms of profit, profit declined due to higher feed prices, aggressive investment in member recruitment expenses in the direct-sales business, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher selling, general and administrative expenses in indirect departments continue to be cited as full-year factors behind lower profit, together with feed prices and member-recruitment expenses. - FY2022-Q2RestatedAnnual report
「In terms of profit, profit declined due to aggressive investment in member recruitment expenses in the direct-sales business, higher feed prices, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher selling, general and administrative expenses in indirect departments are again identified as a factor behind lower profit, together with feed prices and member-recruitment expenses in the direct-sales business. - FY2019ReframedAnnual report
「Although there were increases in manufacturing costs due to higher feed prices and labor shortages at the chicken packing center, among other factors,」
The previous reference to higher selling, general and administrative expenses in indirect departments has been recast for the full year as a cost factor that includes feed prices and manufacturing costs at the packing center. - FY2019-Q3RestatedAnnual report
「In terms of profit, despite the increase in net sales described above, profit declined due to higher feed prices, increased manufacturing costs resulting from labor shortages at chicken packing centers, and higher selling, general and administrative expenses in indirect departments, among other factors.」
Higher selling, general and administrative expenses in indirect departments continue to be cited as a factor behind the company-wide decline in profit. - FY2019-Q2RestatedAnnual report
「Although net sales increased as described above, profit declined owing to higher feed prices, lower production performance for broiler chickens, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher selling, general and administrative expenses in indirect departments continue to be cited as a factor behind the company-wide decline in profit. - FY2019-Q1RestatedAnnual report
「Although net sales increased as described above, profit declined owing to higher raw-material prices, particularly feed, increased logistics costs, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher selling, general and administrative expenses in indirect departments continue to be cited as a factor behind the company-wide decline in profit. - FY2018-Q3RestatedAnnual report
「In terms of profit, although productivity improvements in primary chicken processing and other factors contributed positively, profit declined due to higher logistics costs, including freight, and higher selling, general and administrative expenses in indirect departments.」
Higher selling, general and administrative expenses in indirect departments continue to be cited as a factor behind the company-wide decline in profit. - FY2018-Q2First statedAnnual report
「Profit declined owing to higher feed-ingredient prices and increased selling, general and administrative expenses in indirect departments, among other factors.」
Separately from picking costs in the direct-sales business, the company cites higher selling, general and administrative expenses in indirect departments as a factor behind the company-wide decline in profit.