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Kitahama Capital Partners (2134) · InitiativeSharp Increase in SG&A Expenses and Widening Losses

Transition in the Organizational Structure and Cost Structure through Lower Director Compensation and Greater Operating Efficiency

First written in FY2017-Q1. 9 of 33 entries say "Advanced", first in FY2018. Latest entry: FY2026.

33entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018-Q3OtherFY2019-Q1 – FY2020-Q2OtherFY2022-Q1 – FY2023-Q2AdvancedFY2023-Q3 – FY2024OtherFY2025-H1 – FY20262016: 220162017: 320172018: 420182019: 320192020: 420202021: 420212022: 320222023: 420232024: 320242025: 220252026: 12026
Same theme, other companies
Cost Reduction through Operational Efficiency ImprovementsA theme 129 companies write about · 1 as a headwind · 129 as a tailwind

18 other companies' latest entry also says "Other".

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 129 companies compared. The sentences above are computed from all 129.
Full recordFilings, disclosures and news, newest first
  1. FY2026Sharp Increase in SG&A Expenses and Widening LossesAnnual report

    「Selling, general and administrative expenses for the consolidated fiscal year increased by ¥853 million from the previous consolidated fiscal year to ¥1,663 million, up 105.4% year on year.」

    While setting out plans to reduce expenses and manage costs, selling, general and administrative expenses increased by 105.4%, and the operating loss widened from ¥579 million in the previous fiscal year to ¥989 million.
  2. FY2026-H1Increase in SG&A expenses and widening operating lossAnnual report

    「Selling, general and administrative expenses 345,466 706,927 Operating loss (△) △ 207,196 △ 652,536」

    While setting out plans to consolidate management resources and save expenses, selling, general and administrative expenses increased from ¥345.466 million in the previous interim period to ¥706.927 million, and the operating loss also widened to ¥652.536 million.
  3. FY2025Increase in SG&A expenses and widening lossAnnual report

    「By consolidating resources within the Company, we will make management resources more efficient and agile and work to save expenses. Selling, general and administrative expenses for the consolidated fiscal year increased by ¥299 million from the previous consolidated fiscal year to ¥809 million, up 58.8% year on year.」

    While setting out a policy of reducing expenses by consolidating the business and management resources, selling, general and administrative expenses increased to ¥809 million, and the operating loss widened from ¥330 million in the previous fiscal year to ¥579 million.
  4. FY2025-H1Increase in SG&A expenses and widening interim lossAnnual report

    「Selling, general and administrative expenses 274,275 345,466 Operating loss (△) △ 151,875 △ 207,196」

    While setting out plans to consolidate the business and reduce expenses, selling, general and administrative expenses increased from ¥274.275 million in the previous interim period to ¥345.466 million, and the operating loss also widened.
  5. FY2024AdvancedAnnual report

    「Selling, general and administrative expenses for the consolidated fiscal year decreased by ¥177 million from the previous consolidated fiscal year to ¥509 million, down 25.8% year on year. The main factor was a combined ¥48 million decrease in directors' compensation and salaries and allowances, among other factors.」

    Under a policy of consolidating management resources and reducing expenses, including through workforce reductions, selling, general and administrative expenses were reduced by 25.8%, or ¥177 million, year on year. The operating loss also narrowed from ¥482 million to ¥330 million.
  6. FY2024-Q3AdvancedAnnual report

    「By consolidating the business within the Company, we will make management resources more efficient and agile and reduce expenses, including through workforce reductions. Selling, general and administrative expenses 549,646 403,911」

    While continuing its policy of consolidating the business and reducing expenses, including through workforce reductions, selling, general and administrative expenses decreased from ¥549.646 million in the cumulative period of the previous fiscal year's corresponding quarter to ¥403.911 million.
  7. FY2024-Q2AdvancedAnnual report

    「By consolidating the business within the Company, we will make management resources more efficient and agile and reduce expenses, including through workforce reductions. Selling, general and administrative expenses 374,081 274,275 Operating loss (△) △ 250,746 △ 151,875」

    While setting out plans to consolidate the business and reduce expenses, including through workforce reductions, selling, general and administrative expenses decreased from ¥374.275 million in the cumulative period of the previous fiscal year's corresponding quarter to ¥274.275 million, and the operating loss also narrowed.
  8. FY2024-Q1AdvancedAnnual report

    「By consolidating the business within the Company, we will make management resources more efficient and agile and reduce expenses, including through workforce reductions. Selling, general and administrative expenses 196,861 147,067 Operating loss (△) △ 119,960 △ 89,244」

    The Company stated its policy of consolidating the business within the Company and pursuing expense reductions, including workforce reductions. Selling, general and administrative expenses decreased from ¥196.861 million in the previous fiscal year's corresponding quarter to ¥147.067 million, and the operating loss narrowed from ¥119.960 million to ¥89.244 million.
  9. FY2023AdvancedAnnual report

    「Selling, general and administrative expenses for the consolidated fiscal year decreased by ¥109 million from the previous consolidated fiscal year to ¥686 million, down 13.7% year on year.」

    Selling, general and administrative expenses decreased by ¥109 million, or 13.7%, year on year, indicating quantitative progress in cost reduction.
  10. FY2023-Q3AdvancedAnnual report

    「We will continue to improve operating efficiency, transition to an organisational structure and cost structure commensurate with revenue, and pursue further cost reductions by rigorously cutting expenditures.」

    While continuing its cost-reduction policy, selling, general and administrative expenses decreased by ¥23.430 million, from ¥573.076 million in the cumulative period of the previous fiscal year's corresponding quarter to ¥549.646 million, and the operating loss narrowed from ¥351.688 million to ¥320.964 million.
  11. FY2023-Q2Higher Expenses and Widening Losses ContinueAnnual report

    「Selling, general and administrative expenses 367,820 374,081 Operating loss (△) △ 222,913 △ 250,746」

    While setting out plans to improve operating efficiency, reduce costs and transform its organisational structure and cost structure, selling, general and administrative expenses increased from ¥367.820 million in the cumulative period of the previous fiscal year's corresponding quarter to ¥374.081 million, and the operating loss widened from ¥222.913 million to ¥250.746 million.
  12. FY2023-Q1Higher Expenses and Widening Losses ContinueAnnual report

    「This will make ¥1,601 million in financing available. The company will continue to improve operating efficiency, move toward an organizational structure and cost structure suited to its earnings, thoroughly reduce costs and expenditures, and pursue the early collection of outstanding receivables and other amounts to eliminate the deterioration in cash flow and stabilize its financial position. SG&A expenses 192,252 196,861 Operating loss (△) △ 112,797 △ 119,960」

    While continuing to target greater operating efficiency and cost reductions, the company increased SG&A expenses from ¥192.252 million in the same quarter of the previous year to ¥196.861 million, and the operating loss widened to ¥119.960 million.
  13. FY2022-Q3Higher Expenses and Widening Losses ContinueAnnual report

    「In addition to existing financing, the company will also consider new financing. It will continue to improve operating efficiency, move toward an organizational structure and cost structure suited to its earnings, thoroughly reduce costs and expenditures, and pursue the early collection of outstanding receivables and other amounts to eliminate the deterioration in cash flow and stabilize its financial position. SG&A expenses 472,246 573,076 Operating loss (△) △ 299,840 △ 351,688」

    While targeting greater operating efficiency, cost reductions and a transition in its organizational structure and cost structure, the company increased SG&A expenses from ¥472.246 million in the cumulative period of the previous year to ¥573.076 million, and the operating loss widened from ¥299.840 million to ¥351.688 million.
  14. FY2022-Q2Higher Expenses and Widening Losses ContinueAnnual report

    「The company will continue to improve operating efficiency, move toward an organizational structure and cost structure suited to its earnings, thoroughly reduce costs and expenditures, and pursue the early collection of outstanding receivables and other amounts to eliminate the deterioration in cash flow and stabilize its financial position. SG&A expenses 327,870 367,820 Operating loss (△) △ 208,504 △ 222,913」

    While targeting cost reductions and a transition in its organizational structure, the company increased SG&A expenses from ¥327.870 million in the cumulative period of the previous year to ¥367.820 million, and the operating loss widened from ¥208.504 million to ¥222.913 million.
  15. FY2022-Q1Higher Expenses and Losses ContinueAnnual report

    「SG&A expenses 165,178 192,252 Operating loss (△) △ 112,717 △ 112,797」

    SG&A expenses increased from ¥165.178 million in the same quarter of the previous year to ¥192.252 million, and the operating loss widened slightly from ¥112.717 million to ¥112.797 million.
  16. FY2021AdvancedAnnual report

    「SG&A expenses for the consolidated fiscal year decreased by ¥196 million from the previous consolidated fiscal year to ¥600 million, down 24.7% year on year. This was mainly due to the company's efforts to improve operating efficiency, move toward an organizational structure and cost structure suited to its earnings, and thoroughly reduce costs and expenditures.」

    By improving operating efficiency and transitioning its cost structure, the company reduced SG&A expenses by 24.7% year on year, or ¥196 million.
  17. FY2021-Q3Higher Expenses and Widening Losses ContinueAnnual report

    「The company will continue to improve operating efficiency, move toward an organizational structure and cost structure suited to its earnings, thoroughly reduce costs and expenditures. SG&A expenses 429,758 472,246 Operating loss (△) △ 221,037 △ 299,840」

    While targeting cost reductions and greater efficiency, the company increased SG&A expenses from ¥429.758 million in the cumulative period of the previous year to ¥472.246 million, and the operating loss widened to ¥299.840 million.
  18. FY2021-Q2Higher Expenses and Widening Operating LossAnnual report

    「The company will work to stabilize its financial position by moving toward an organizational structure and cost structure suited to stable earnings, including reducing miscellaneous expenses through greater operating efficiency, pursuing the early collection of individual receivables such as existing loans, and considering new financing as necessary, including through the exercise of stock acquisition rights. SG&A expenses 300,464 327,870 Operating loss (△) △ 152,962 △ 208,504」

    While targeting a transition in its cost structure, the company increased SG&A expenses from ¥300.464 million in the cumulative period of the previous year to ¥327.870 million, and the operating loss widened from ¥152.962 million to ¥208.504 million.
  19. FY2021-Q1Higher Expenses and Widening Operating LossAnnual report

    「The company will work to stabilize its financial position by moving toward an organizational structure and cost structure suited to stable earnings, including reducing miscellaneous expenses through greater operating efficiency, pursuing the early collection of individual receivables such as existing loans, and considering new financing as necessary, including through the exercise of stock acquisition rights. SG&A expenses 164,075 165,178 Operating loss (△) △ 76,507 △ 112,717」

    While pursuing a transition in its cost structure, the company increased SG&A expenses from ¥164.075 million in the same quarter of the previous year to ¥165.178 million, and the operating loss widened from ¥76.507 million to ¥112.717 million.
  20. FY2020Higher Expenses and Widening LossesAnnual report

    「SG&A expenses for the consolidated fiscal year increased by ¥231 million from the previous consolidated fiscal year to ¥797 million, up 41.0% year on year.」

    While targeting cost control and a transition in its organizational structure and cost structure, the company reported SG&A expenses of ¥797 million and an operating loss of ¥573 million.
  21. FY2020-Q3AdvancedAnnual report

    「Meanwhile, the company will pursue financial stabilization by moving toward an organizational structure and cost structure suited to stable earnings, including reducing miscellaneous expenses through greater operating efficiency, and by collecting individual receivables such as loans early. SG&A expenses 459,942 429,758」

    While continuing to improve operating efficiency and manage costs, the company reduced SG&A expenses by ¥30.184 million, from ¥459.942 million in the same cumulative period of the previous year to ¥429.758 million in the first nine months of the current fiscal year. Meanwhile, the operating loss was ¥221.037 million.
  22. FY2020-Q2Costs continue to increaseAnnual report

    「SG&A expenses 290,802 300,464 Operating loss (△) △ 120,226 △ 152,962」

    SG&A expenses increased from ¥290.802 million in the cumulative period of the previous year to ¥300.464 million, and the operating loss widened from ¥120.226 million to ¥152.962 million.
  23. FY2020-Q1Costs continue to increaseAnnual report

    「SG&A expenses 134,858 164,075 Operating loss (△) △ 43,665 △ 76,507」

    SG&A expenses increased from ¥134.858 million in the same quarter of the previous year to ¥164.075 million, and the operating loss widened from ¥43.665 million to ¥76.507 million. Despite the stated focus on cost control and greater efficiency, expenses and the operating loss increased in the current quarter.
  24. FY2019-Q3Costs continue to increaseAnnual report

    「SG&A expenses 336,791 459,942 Operating income 205,470 99,182」

    SG&A expenses increased from ¥336.791 million in the cumulative period of the previous year to ¥459.942 million, while operating income decreased from ¥205.470 million to ¥99.182 million. The disclosure reports higher expenses and lower profit while the company maintains a policy of operating with a focus on cost-effectiveness.
  25. FY2019-Q2Costs continue to increaseAnnual report

    「SG&A expenses increased from ¥242.670 million in the first six months of the previous fiscal year to ¥290.802 million in the first six months of the current fiscal year. As a result, the operating loss for the first six months of the current fiscal year was ¥120.226 million.」

    SG&A expenses increased by ¥48.132 million from the same six-month period of the previous year, and the company recorded an operating loss of ¥120.226 million.
  26. FY2019-Q1Cost IncreasesAnnual report

    「SG&A expenses 108,223 134,858 Operating income or operating loss (△) 222,526 △ 43,665」

    SG&A expenses increased from ¥108.223 million to ¥134.858 million from the same quarter of the previous year, and operating income of ¥222.526 million turned into an operating loss of ¥43.665 million. The disclosure does not state that the policy of transitioning the cost structure was withdrawn.
  27. FY2018AdvancedAnnual report

    「SG&A expenses for the consolidated fiscal year decreased by ¥23 million from the previous consolidated fiscal year to ¥429 million, down 5.3% year on year.」

    The disclosure reports a quantitative improvement in costs, with SG&A expenses down 5.3% year on year, or ¥23 million.
  28. FY2018-Q3RestatedAnnual report

    「As the company has not yet established a business capable of generating stable earnings, it is working to use expenses efficiently, with a focus on cost-effectiveness.」

    With stable earnings not yet established, the company continues to use expenses efficiently with a focus on cost-effectiveness and operate with appropriate running costs.
  29. FY2018-Q2RestatedAnnual report

    「As the company has not yet established a business capable of generating stable earnings, it is working to use expenses efficiently, with a focus on cost-effectiveness.」

    With stable earnings not yet established, the company continues to use expenses with a focus on cost-effectiveness and operate with appropriate running costs.
  30. FY2018-Q1RestatedAnnual report

    「Because the overseas and domestic energy-related businesses and the accommodation-related business targeting inbound visitors require time from investment to the realization of earnings, the company will consistently operate them with appropriate running costs suited to their earnings.」

    The company continues to indicate a policy of operating businesses that require time from investment to the realization of earnings with appropriate running costs suited to their earnings.
  31. FY2017-Q3RestatedAnnual report

    「The company will further pursue the transition to an organizational structure and cost structure suited to stable earnings, including continued reductions in expenses and greater operating efficiency through collaboration with business alliance partners.」

    While changing the wording from reductions in director compensation, used through the previous period, to reductions in expenses, the company continues to pursue a transition in its organizational structure and cost structure through collaboration with alliance partners and greater operating efficiency.
  32. FY2017-Q2RestatedAnnual report

    「The company will further pursue the transition to an organizational structure and cost structure suited to stable earnings, including continued reductions in director compensation and greater operating efficiency through collaboration with business alliance partners.」

    The company continues to indicate a transition in its organizational structure and cost structure through reductions in director compensation, collaboration with alliance partners and greater operating efficiency.
  33. FY2017-Q1First statedAnnual report

    「The company will further pursue the transition to an organizational structure and cost structure suited to stable earnings, including continued reductions in director compensation and greater operating efficiency through collaboration with business alliance partners.」

    The company presents, for the first time as a separate measure, initiatives to transition to an organizational and cost structure suited to its earnings level through reductions in director compensation, collaboration with alliance partners and greater operating efficiency.
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"Capital Raising Through Third-Party Allotment" moved the same way as this thread, in the same document, in 9 of its 33 moves.

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  1. ★This thread
  2. 1Capital Raising Through Third-Party Allotment9×
  3. 2Stabilizing the Management Foundation Through Diversification of Investment Targets6×
  4. 3Expansion of investment scope from real estate to operating companies, businesses and engineering technologies5×
  5. 4Litigation Risk Related to Real Estate Transactions in Osaka City5×
  6. 5Strengthening the financial base and building relationships with financial institutions4×
  7. 6Acquisition of a Solar Power Generation Site Company and Exclusion of an Investment Limited Partnership from Consolidation4×

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Transition in the Organizational Structure and Cost Structure through Lower Director Compensation and Greater Operating Efficiency | Kitahama Capital Partners Co.,Ltd. (2134) | Komori