Higher SG&A-to-Revenue Ratio Due to Growth Investment
First written in FY2022-Q3. 1 of 8 entries say "Advanced", first in FY2024. Latest entry: FY2026-H1.
3 other companies' latest entry also says "Other".
- FY2026-H1Higher SG&A due to 3D development and investment in growth platformsAnnual report
「In addition, aggressive spending on advertising and personnel investment for the development of 3D-printed houses and the establishment of a growth platform pushed up SG&A expenses for the fiscal year. Although these investments exert pressure on earnings in the short term, the company positions them as important front-loaded investments under its medium- to long-term strategy.」
Advertising and personnel investment for the development of 3D-printed houses and the establishment of a growth platform pushed up SG&A expenses and became a short-term pressure on earnings, while the company positioned these investments as front-loaded investments under its medium- to long-term strategy. - FY2024AdvancedAnnual report
「Although selling, general and administrative expenses increased as a result of aggressive development investment to grow the business, capital investment and hiring to expand into new areas, and other measures, reductions in advertising expenses through the aforementioned efficient digital strategy and the pass-through of prices supported by clear differentiation of cross-industry collaboration products also proved effective, resulting in a V-shaped recovery in performance.」
The company explained that although growth investment increased SG&A expenses, lower advertising expenses through its digital strategy and price pass-through for collaboration products proved effective, leading to a V-shaped recovery in performance. - FY2024-Q2Benefits from SG&A reductions and gross-margin improvementAnnual report
「Against a backdrop of solid customer acquisition through digital marketing, strategic expansion of the customer base centered on cross-industry collaborations supported more efficient customer acquisition, leading to lower selling, general and administrative expenses. In addition, initiatives to improve gross margins, including the housing-industry version of the SPA model, have begun to produce some results.」
The company explained that digital customer acquisition, cross-industry collaborations, and expansion of the customer base led to lower selling, general and administrative expenses, and stated that initiatives such as the housing-industry SPA model had also produced some improvement in gross margins. - FY2023Cost burden from growth investment remains elevatedAnnual report
「Selling, general and administrative expenses increased as a result of aggressive development investment to grow the business, capital investment and hiring to expand into new areas, and other measures, affecting operating income.」
The company explained that development investment, capital investment, hiring, and other growth investments increased selling, general and administrative expenses, affecting operating income. - FY2023-Q3Personnel costs and SG&A burden remain elevated due to investment in human resourcesAnnual report
「In view of long-term and medium-term corporate growth, we are actively investing in human resources, and personnel expenses have therefore risen to 136% of the level in the same period of the previous year.」
Investment in human resources for medium- to long-term growth drove personnel costs to 136% of the prior-year level. In contrast to the previous explanation of SG&A reductions, the cost burden associated with growth investment remains evident. - FY2023-Q2Shift toward lower SG&A expensesAnnual report
「In addition to the previously mentioned steady customer acquisition through digital marketing, strategically expanding the customer base enabled more efficient customer acquisition, resulting in lower-than-initially projected advertising and promotion expenses and payment fees. Improving operating efficiency, centred on the cell-based unit management model, also led to lower selling, general and administrative expenses.」
Compared with the previous disclosures of increased SG&A expenses due to front-loaded growth investment, the company explained that advertising expenses, commissions paid, and selling, general and administrative expenses had declined as a result of efficient customer acquisition and its Lib-style unit management model. - FY2023-Q1Expansion of SG&A expenses due to front-loaded growth investmentAnnual report
「Selling, general and administrative expenses are increasing as a result of front-loaded investment accompanying growth toward the next stage.」
The company disclosed that selling, general and administrative expenses were increasing as a result of front-loaded investment to support growth toward the next stage. - FY2022-Q3First statedAnnual report
「Meanwhile, as an investment in business growth, the ratio of selling, general and administrative expenses to net sales has risen slightly due to upfront investment in new locations, the launch of a new customer-acquisition website, the launch of a recruitment portal and higher recruitment expenses, in addition to」
The company disclosed for the first time that its selling, general and administrative expense ratio to net sales had risen slightly as a result of growth investments in new locations, customer-acquisition websites, a recruitment portal, and hiring.