Productivity Improvement and Expense Reduction

「Although the company promoted low-cost store operations and factory automation, worked to optimize staffing structures, and pursued cost-reduction measures such as price revisions and design changes for some products, operating profit was ¥50 million, down 88.0% year on year, due mainly to soaring raw material prices, particularly cocoa and nuts, as well as substantial depreciation and relocation costs associated with the renovation of the Seishin No. 2 Factory and the start-up of the new Funabashi Factory.」

「Cost of sales was 51.7% of net sales, an increase of 2.5 percentage points from the previous consolidated fiscal year. Although the company worked to optimize factory staffing structures and pursued design changes and price revisions for some products, it was affected by soaring raw material prices, particularly cocoa prices. Selling, general and administrative expenses were 44.8% of net sales, a decrease of 0.2 percentage points from the previous consolidated fiscal year. Although the company was affected by higher minimum wages and logistics-related expenses, it pursued optimization of store staffing structures and expense reductions.」

「In terms of earnings, we worked to optimize staffing at our stores and factories and pursued price revisions for certain products. However, soaring raw material prices, particularly for cocoa, caused a substantial increase in the cost-of-sales ratio, resulting in operating profit of ¥1,264 million, down 38.6% year on year; ordinary profit of ¥1,286 million, down 38.7%; and profit attributable to owners of the parent of ¥642 million, down 54.6%.」

「In terms of earnings, although the company worked to optimize staffing structures at stores and factories and pursued price revisions for some products, operating profit was ¥424 million, down 41.7% year on year, due to lower revenue, soaring raw material prices, particularly cocoa prices, higher labor costs resulting from wage increases, higher transportation costs and expenses recorded following the complete transition of the Funabashi logistics function to an outside contractor last year,」

「Cost of sales was 49.2% of net sales, an increase of 0.7 percentage points from the previous consolidated fiscal year. Although the company pursued higher productivity through an efficient production structure and cost reductions in addition to the effect of higher revenue and price revisions for some products, it was affected by a substantial increase in raw material prices, particularly cocoa prices. Selling, general and administrative expenses were 45.1% of net sales, an increase of 0.7 percentage points from the previous consolidated fiscal year. Although the company pursued optimization of store staffing structures and expense reductions, it was affected by higher labor costs due to wage increases, expenses associated with the relocation of the Funabashi Distribution Center and higher transportation costs.」

「In terms of earnings, although the company pursued higher revenue, price revisions for some products and optimization of staffing structures at stores and factories, operating profit was ¥727 million, down 12.8% year on year, ordinary profit was ¥748 million, down 12.6%, and interim net income attributable to owners of the parent was ¥486 million, down 9.8%, due to the higher cost-of-sales ratio resulting from soaring raw material prices, higher labor costs due to wage increases, and increased warehouse, logistics and other expenses.」

「In terms of earnings, although the company was affected by soaring raw material prices, it pursued earnings growth through higher revenue, the effects of price revisions for some products and optimization of staffing structures at stores and factories,」

「Although the company was affected by a substantial increase in raw material prices, its efforts to increase productivity through an efficient production structure and reduce costs, in addition to the effect of higher revenue, resulted in a cost-of-sales ratio of 48.5%, an increase of 0.7 percentage points from the previous consolidated fiscal year. Selling, general and administrative expenses were affected by higher logistics costs and labor costs resulting from labor shortages, but efforts to optimize store staffing structures and reduce expenses resulted in an SG&A ratio of 44.4%, an improvement of 0.3 percentage points from the previous consolidated fiscal year.」

「In terms of earnings, although the cost-of-sales ratio increased due to the impact of soaring raw material prices, the company pursued earnings growth through the effect of higher revenue and optimization of staffing structures at stores and factories. Operating profit was ¥480 million, up 11.8% year on year.」

「In terms of earnings, although the cost-of-sales ratio increased due to soaring raw material and energy prices, the company pursued earnings growth through the effect of higher revenue and optimization of store staffing structures,」

「Although the company pursued earnings growth through higher revenue, the effects of price revisions for some products and optimization of store staffing structures, the cost-of-sales ratio increased due to the impact of soaring raw material and energy prices,」

「Cost of sales was 47.8% of net sales. This reflected efforts to increase productivity through an efficient production structure and reduce costs in addition to the effect of higher revenue. Although raw material and energy prices rose sharply, their impact remained limited.」

「In terms of earnings, in addition to the effect of higher revenue, increased productivity resulting from an efficient production structure and optimization of store staffing structures,」

「In terms of earnings, in addition to the effect of higher revenue, increased productivity resulting from an efficient production structure and optimization of store staffing structures,」

「In terms of earnings, although raw material costs increased, the cost-of-sales ratio improved as productivity increased, and selling personnel costs were reduced through a review of staffing allocations at stores,」

「Cost of sales was 51.3% of net sales, an improvement of 1.5 percentage points from the previous fiscal year, as the company worked to establish a planned and efficient production system, reduce expenses and maintain appropriate inventory based on sales conditions, in addition to benefiting from higher sales. Selling, general and administrative expenses were 41.3% of net sales, an improvement of 3.0 percentage points, as the company worked to optimise store staffing and reduce expenses.」

「Amid the prolonged COVID-19 pandemic, we continued to thoroughly implement infection-prevention measures for customers and employees, while working to improve productivity, optimise staffing, reduce costs and maintain appropriate inventory levels.」

「Amid the prolonged COVID-19 pandemic, we continued to thoroughly implement infection-prevention measures for customers and employees, while working to improve productivity, optimise staffing, reduce costs and maintain appropriate inventory levels.」

「In terms of earnings, in addition to the effect of higher sales, the company improved the cost-of-sales ratio through production control based on sales conditions and reduced selling labour costs by reviewing store staffing」

「Cost of sales was 52.8% of net sales, up 1.2 percentage points from the previous fiscal year, although the company limited the increase by flexibly reviewing production plans and staffing in anticipation of sales fluctuations despite lower productivity resulting from the decline in factory production. Selling, general and administrative expenses were 44.3% of net sales, up 1.6 percentage points, although the company limited the increase by controlling labour costs through appropriate staffing while maintaining employment, and by reducing capital investment and other expenses.」

「In response to the COVID-19 pandemic, we thoroughly implemented infection-prevention measures, sought to control labour costs while maintaining employee employment and reduce expenses, and worked to flexibly control production in response to fluctuations in sales.」

「In terms of earnings, operating loss was ¥134 million, compared with operating income of ¥744 million in the year-earlier period, ordinary loss was ¥25 million, compared with ordinary income of ¥776 million, and net loss for the quarter was ¥195 million, compared with net income of ¥488 million, due to a sharp decline in sales, a higher cost-of-sales ratio resulting from lower production volume, and the relatively heavier burden of fixed costs as sales declined.」

「Cost of sales was 51.6% of net sales, up 0.4 percentage points from the previous fiscal year, due to higher raw material costs and increased depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory. Selling, general and administrative expenses were 42.7% of net sales, up 1.3 percentage points, due to increased depreciation associated with new store openings, higher logistics costs and increased labour costs to secure personnel amid labour shortages.」

「In terms of earnings, operating income was ¥40 million, down 92.3% year on year, ordinary income was ¥75 million, down 86.6%, and the company recorded a net loss of ¥26 million for the quarter, compared with net income of ¥317 million in the year-earlier period, due to lower sales and higher expenses, including increased depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory and store openings and renovations, higher labour costs amid labour shortages, and higher freight costs following increases in transport charges.」

「In terms of earnings, operating income was ¥744 million, down 30.6% year on year, ordinary income was ¥776 million, down 29.9%, and net income for the quarter was ¥488 million, down 32.5%, due to higher expenses, including increased depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory and store openings and renovations, higher labour costs due to labour shortages, and higher freight costs following increases in transport charges.」

「In terms of earnings, operating income was ¥853 million, down 15.8% year on year, ordinary income was ¥868 million, down 15.6%, and net income for the quarter was ¥580 million, down 15.8%, due to rising raw material costs, higher depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory, and continued increases in logistics-related costs including freight and packing.」

「Cost of sales was 51.2% of net sales, up 0.2 percentage points from the previous fiscal year, due to higher raw material costs and increased depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory. Selling, general and administrative expenses were 41.4% of net sales, up 0.5 percentage points, due to higher logistics-related costs including freight and packing, as well as higher labour costs to secure personnel and improve employee compensation.」

「In terms of earnings, operating income was ¥525 million, down 28.7% year on year, ordinary income was ¥565 million, down 29.9%, and net income for the quarter was ¥317 million, down 38.0%, due to lower sales, higher depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory, and higher expenses, including logistics-related costs.」

「In terms of earnings, operating income was ¥1,073 million, down 14.1% year on year, ordinary income was ¥1,107 million, down 15.7%, and net income for the quarter was ¥723 million, down 18.9%, due to lower sales, higher depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory, and higher expenses, including logistics costs.」

「In terms of earnings, although the cost-of-sales ratio improved due to higher productivity, the effects of lower sales and other factors」

「Cost of sales was 51.0% of net sales, an improvement of 0.8 percentage points from the previous fiscal year, as labour productivity improved through the continuation of the Production Reform Project, while the manufacturing expense ratio also declined due to lower depreciation, utilities and other costs.」

「In terms of earnings, in addition to the effect of higher sales, the cost-of-sales ratio improved due to higher productivity」

「In terms of earnings, in addition to the effect of higher sales, the cost-of-sales ratio improved due to higher productivity」

「In terms of earnings, in addition to the effect of higher sales, the effects of efforts to improve productivity」

「Cost of sales was 51.8% of net sales, an improvement of 1.9 percentage points from the previous fiscal year, due to lower prices for raw materials including nuts, a review of product design and efforts to improve factory productivity through the continuation of the Production Reform Project.」

「The decline in raw material prices for nuts and other items due to yen appreciation and softer market conditions, as well as efforts to improve productivity and reduce costs, also contributed」

「In addition to lower raw material prices for nuts and other items due to yen appreciation and softer market conditions, the improvement in productivity and the effects of cost reductions」