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SHO-BOND Holdings (1414) · InitiativeAdvanced

Rigorous Cost Management and Higher Productivity

First written in FY2017-Q1. 16 of 26 entries say "Advanced", first in FY2017. Latest entry: FY2026.

26entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017RestatedFY2019-Q2 – FY2020-Q3AdvancedFY2023-Q3 – FY20242016: 12017: 320172018: 020182019: 120192020: 320202021: 320212022: 220222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Gross Profit Margin Target Management and Cost Productivity ImprovementA theme 15 companies write about · 3 as a headwind · 13 as a tailwind

The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.

7 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 15 companies compared. The sentences above are computed from all 15.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Although revenue declined, gross profit increased as the gross profit margin remained high at 29.9%, continuing the level achieved in the previous fiscal year. As a result, operating income increased by ¥36 million, or 0.2%, from the previous fiscal year to ¥20,831 million.」

    The gross profit margin remained high at 29.9%, above the high level recorded in the previous fiscal year, and operating profit increased by 0.2% despite lower revenue.
  2. FY2026-H1AdvancedAnnual report

    「As for profit, the gross profit margin was higher than in the same period of the previous year, aided by an increase in orders for design changes on projects completed during the period. However, the decline in construction revenue weighed on operating profit, which decreased by ¥492 million, or 4.7%, year on year to ¥10,087 million.」

    The gross profit margin exceeded the year-earlier level due to increased orders for design changes, while operating profit declined because of lower construction revenue.
  3. FY2025AdvancedAnnual report

    「Gross profit increased as revenue rose and the gross profit margin remained high at 29.2%, continuing the high level recorded in the previous fiscal year. Operating profit increased ¥1,127 million, or 5.7%, from the previous fiscal year to ¥20,794 million.」

    The gross profit margin was maintained at the high level of 29.2%, and operating profit increased 5.7% from the previous fiscal year.
  4. FY2025-H1WorsenedAnnual report

    「The gross profit margin declined slightly from 29.6% in the same period of the previous year to 28.9%, but remained broadly in line with the plan.」

    The gross profit margin declined 0.7 percentage points, from 29.6% in the same period of the previous year to 28.9%. The company, however, describes the level as broadly in line with the plan.
  5. FY2024AdvancedAnnual report

    「The gross profit margin rose further, from 28.0% in the previous fiscal year to 29.7%, due to higher revenue and obtaining design changes. The resulting substantial increase in gross profit led to operating profit increasing ¥1,542 million, or 8.5%, from the same period of the previous year to ¥19,666 million.」

    Obtaining design changes and other factors raised the gross profit margin from 28.0% to 29.7%, while operating profit increased 8.5%.
  6. FY2024-Q3AdvancedAnnual report

    「Gross profit increased as revenue rose and the company obtained design changes for large projects by expressway companies and other factors. Operating profit increased ¥1,894 million, or 13.7%, from the same period of the previous year to ¥15,723 million.」

    Obtaining design changes for large projects by expressway companies and other factors increased gross profit, while operating profit rose 13.7% from the same period of the previous year.
  7. FY2024-Q2AdvancedAnnual report

    「Gross profit increased as revenue rose and the company obtained design changes for large projects by expressway companies and other factors. The gross profit margin rose further, from 28.9% in the first quarter to 29.6%, resulting in operating profit increasing ¥1,844 million, or 22.7%, from the same period of the previous year to ¥9,984 million, ordinary profit increasing ¥1,876 million, or 22.6%, to ¥10,164 million, and profit attributable to owners of the parent increasing ¥1,486 million, or 25.9%, to ¥7,234 million. Each reached a record high for the cumulative second quarter.」

    Obtaining design changes from expressway companies and other factors raised the gross profit margin from 28.9% to 29.6%, and operating profit and other profit measures reached record highs for the cumulative second quarter.
  8. FY2024-Q1AdvancedAnnual report

    「Gross profit increased as the gross profit margin rose to 28.9%, well above the 25.8% level in the same period of the previous year, due to higher revenue and obtaining design changes from expressway companies and other factors. Operating profit increased ¥1,125 million, or 31.5%, to ¥4,693 million.」

    Obtaining design changes from expressway companies and other factors improved the gross profit margin from 25.8% to 28.9%, while operating profit increased 31.5% from the same period of the previous year.
  9. FY2023AdvancedAnnual report

    「Gross profit increased as revenue rose and the gross profit margin remained high at 28.0%. Operating profit increased ¥857 million, or 5.0%, from the previous fiscal year to ¥18,124 million.」

    The gross profit margin was maintained at the high level of 28.0%, and operating profit increased 5.0% from the previous fiscal year alongside higher revenue.
  10. FY2023-Q3AdvancedAnnual report

    「Gross profit declined from the same period of the previous year, but the gross profit margin was 28.7%, exceeding the 28.5% level recorded in the same period of the previous year due to obtaining design changes and other factors.」

    The gross profit margin improved by 0.2 percentage points, from 28.5% in the same period of the previous year to 28.7%. Obtaining design changes and other factors are cited as the reasons for the improvement.
  11. FY2023-Q2RestatedAnnual report

    「Gross profit declined from the same period of the previous year, but the gross profit margin was maintained at approximately the same level, at 27.3% compared with 27.6% in the same period of the previous year.」

    Although gross profit declined, the gross profit margin was maintained at 27.3%, approximately the same level as in the same period of the previous year, reconfirming the trend of securing profitability.
  12. FY2022AdvancedAnnual report

    「The gross profit margin on completed construction contracts improved as a result of design changes to large projects and other factors. Operating profit increased ¥1,534 million, or 9.8%, from the same period of the previous year to ¥17,267 million, ordinary profit increased ¥1,366 million, or 8.4%, to ¥17,669 million, and profit attributable to owners of the parent increased ¥1,026 million, or 9.1%, to ¥12,366 million, resulting in higher revenue and profit for the eighth consecutive period.」

    The company states that an improved gross profit margin on completed construction contracts resulting from design changes to large projects and other factors increased operating profit and other profit measures, leading to higher revenue and profit for the eighth consecutive period.
  13. FY2022-Q2AdvancedAnnual report

    「Gross profit increased due to additional contracts obtained for design changes at the completion of large projects and reductions in construction costs. Operating profit increased ¥899 million, or 11.7%, from the same period of the previous year to ¥8,574 million, ordinary profit increased ¥657 million, or 8.2%, to ¥8,656 million, and profit attributable to owners of the parent increased ¥594 million, or 10.9%, to ¥6,067 million.」

    Gross profit increased due to additional contracts obtained for design changes to large projects and reductions in construction costs, and operating profit and other profit measures exceeded the levels of the same period of the previous year.
  14. FY2022-Q1RestatedAnnual report

    「Gross profit increased due to higher contract amounts resulting from design changes at the completion of large projects and improved project profitability. Operating profit increased ¥719 million, or 23.6%, from the same period of the previous year to ¥3,768 million, ordinary profit increased ¥714 million, or 23.2%, to ¥3,800 million, and profit attributable to owners of the parent increased ¥658 million, or 32.1%, to ¥2,712 million.」

    The company reports higher gross profit and profit through increased contract amounts resulting from design changes to large projects and improved project profitability, reconfirming the trend of securing profitability through profitability management.
  15. FY2021AdvancedAnnual report

    「Operating profit increased ¥2,802 million, or 21.7%, from the same period of the previous year to ¥15,732 million, due to a substantial increase in gross profit accompanying higher revenue and an improved gross profit margin.」

    An improvement in the gross profit margin and higher profit were confirmed for the full fiscal year, indicating progress in profitability improvement.
  16. FY2021-Q3RestatedAnnual report

    「A substantial increase in gross profit accompanying higher revenue, together with the maintenance of a high gross profit margin, resulted in operating profit increasing ¥2,592 million, or 24.8%, from the same period of the previous year to ¥13,031 million, ordinary profit increasing ¥2,793 million, or 26.4%, to ¥13,374 million, and profit attributable to owners of the parent increasing ¥2,063 million, or 29.2%, to ¥9,142 million. Both revenue and profit increased from the same period of the previous year.」

    The company states that it expanded profit alongside higher revenue while maintaining a high gross profit margin.
  17. FY2020AdvancedAnnual report

    「By maintaining a high gross profit margin on completed construction contracts through higher revenue from completed construction contracts and thorough profitability management, operating profit increased ¥1,202 million, or 10.3%, from the same period of the previous year to ¥12,930 million, ordinary profit increased ¥1,341 million, or 11.0%, to ¥13,507 million, and profit attributable to owners of the parent increased ¥925 million, or 11.5%, to ¥9,005 million. Revenue and profit both increased from the same period of the previous year.」

    Thorough profitability management enabled the company to maintain a high gross profit margin on completed construction contracts, and operating profit, ordinary profit and profit attributable to owners of the parent each exceeded the level of the same period of the previous year.
  18. FY2020-Q3RestatedAnnual report

    「By maintaining a high gross profit margin on completed construction contracts in addition to higher revenue from completed construction contracts, operating profit increased ¥565 million, or 5.7%, from the same period of the previous year to ¥10,438 million, ordinary profit increased ¥498 million, or 4.9%, to ¥10,580 million, and profit attributable to owners of the parent increased ¥307 million, or 4.5%, to ¥7,078 million.」

    The company reconfirms its approach of securing profitability through higher revenue from completed construction contracts and maintaining a high gross profit margin on completed construction contracts.
  19. FY2020-Q2RestatedAnnual report

    「By maintaining a high gross profit margin on completed construction contracts through higher revenue from completed construction contracts and thorough profitability management, operating profit increased ¥282 million, or 5.0%, from the same period of the previous year to ¥5,897 million, ordinary profit increased ¥227 million, or 3.9%, to ¥6,002 million, and profit attributable to owners of the parent increased ¥168 million, or 4.4%, to ¥4,037 million.」

    The company states that thorough profitability management enabled it to maintain a high gross profit margin on completed construction contracts, reconfirming its policy of securing profitability through cost and profitability management.
  20. FY2019-Q2RestatedAnnual report

    「Gross profit increased 9.3% from the same period of the previous year to ¥7,573 million, operating profit increased 6.7% to ¥5,615 million, ordinary profit increased 7.0% to ¥5,775 million, and profit attributable to owners of the parent increased 7.3% to ¥3,868 million, due to higher revenue from completed construction contracts and an improved gross profit margin on profitable change orders. Revenue and profit both increased from the same period of the previous year.」

    The company continues to report improved profitability through an improved gross profit margin. This time, higher revenue from completed construction contracts and profitable change orders are cited as the factors behind the improvement.
  21. FY2017AdvancedAnnual report

    「The gross profit margin improved 1.6% from the same period of the previous year due to the smoothing of operations made possible by larger projects and cost reductions from thorough cost management. As a result, operating profit increased 9.2% to ¥10,160 million, ordinary profit increased 9.0% to ¥10,516 million, and profit attributable to owners of the parent increased 11.7% to ¥6,997 million.」

    Cost reductions from thorough cost management led to a 1.6% improvement in the gross profit margin and increased operating profit and other profit measures.
  22. FY2017-Q3RestatedAnnual report

    「Operating profit increased 1.8% from the same period of the previous year to ¥8,830 million, ordinary profit increased 1.5% to ¥8,991 million, and profit attributable to owners of the parent increased 4.3% to ¥6,006 million, as thorough cost management improved the gross profit margin.」

    Thorough cost management is again cited as a factor behind the improvement in the gross profit margin and higher profit.
  23. FY2017-Q2RestatedAnnual report

    「Revenue was ¥25,291 million, approximately unchanged from the same period of the previous year. Operating profit increased 6.6% to ¥5,029 million, ordinary profit increased 6.0% to ¥5,149 million, and profit attributable to owners of the parent increased 8.4% to ¥3,480 million, reflecting an improvement in the gross profit margin and other factors.」

    Although specific measures such as cost management and productivity improvements were not restated, an improvement in the gross profit margin was cited as a factor behind higher profit, indicating that the trend toward improved profitability is continuing.
  24. FY2017-Q1First statedAnnual report

    「With continued focus on thorough cost management and improved productivity, operating profit increased 3.0% from the same period of the previous year to ¥1.7 billion, ordinary profit increased 2.8% to ¥1,740 million, and profit attributable to owners of the parent increased 4.5% to ¥1,155 million.」

    The continued focus on cost management and productivity improvements is cited as a factor behind the increase in profit for the quarter.
Moved together

"Dividends funded by retained earnings" moved the same way as this thread, in the same document, in 12 of its 26 moves.

12121110109★123456
  1. ★This thread
  2. 1Dividends funded by retained earnings12×
  3. 2¥10 billion in share repurchases over three years and a total payout ratio of at least 75%12×
  4. 3Impairment Risk from Price Fluctuations in Shares and Business-Use Real Estate11×
  5. 4Expansion of orders, primarily from the government and expressway companies10×
  6. 5Quarterly Revenue and Profit Growth10×
  7. 6Strengthening the Profitability, Diversification, and Quality Assurance System of the Materials Business through Subsidiary Integration9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for SHO-BOND Holdings yet. It last moved in the Earnings of 2026-08-10: "Advanced".
News
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Rigorous Cost Management and Higher Productivity | SHO-BOND Holdings Co.,Ltd. (1414) | Komori