Recovery in results through company-wide cost reduction measures
First written in FY2021-Q2. 2 of 3 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Selling, general and administrative expenses decreased by ¥145 million, or 1.8% year on year, from the previous consolidated fiscal year to ¥8,072 million. This was mainly due to the implementation of company-wide cost reductions.」
Company-wide cost reductions reduced selling, general and administrative expenses by 1.8%, while the operating loss narrowed from ¥3,981 million in the previous year to ¥1,599 million. - FY2021-Q3AdvancedAnnual report
「Under these circumstances, the Group regarded the safety and security of customers and employees as its top priority. Based on the Guidelines for Preventing the Spread of COVID-19, it implemented thorough infection-control measures to the fullest extent while holding wedding ceremonies and receptions, and at the same time pursued company-wide cost reduction measures and worked to restore performance. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥7,800 million, up 1.8% year on year, while the operating loss was ¥1,681 million, compared with an operating loss of ¥2,527 million in the same period of the previous year.」
The Company continued company-wide cost reduction measures while holding wedding ceremonies and receptions under infection-control measures, resulting in higher revenue and a smaller operating loss year on year. - FY2021-Q2First statedAnnual report
「We pursued company-wide cost reduction measures and worked to restore performance, but」
Amid the impact of COVID-19, the Company first explicitly identified company-wide cost reduction measures as a means of restoring performance.