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Brass (2424) · RiskWorsened

Declining Profit Margins Due to Soaring Construction Costs

First written in FY2019. 3 of 11 entries say "Restated". Latest entry: 2026-10-02.

11entries
8years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019 – FY2024-Q3WorsenedFY2025 – 2026-10-022019: 12020: 020202021: 020212022: 120222023: 120232024: 220242025: 220252026: 42026
Same theme, other companies

Brass moved to the "Worse" side of this theme in 2024.

2 other companies' latest entry also says "Worsened".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「Against this backdrop, during the interim consolidated accounting period, higher costs due to elevated food and energy prices and increases in the minimum wage continued, and profitability across the industry as a whole remained affected.」

    Continued elevated food and energy prices and increases in the minimum wage have led to higher costs and continued to affect profitability. Also describes cost ratios, labor costs and other expenses exceeding plan.
  2. FY2025MaterialisedAnnual report

    「The wedding industry continues to face cost pressures, including soaring food and energy prices and increases in the minimum hourly wage, which continue to affect profitability across the industry.」

    In addition to construction costs and building-material prices, explicitly identifies continued cost pressures from higher food and energy prices and increases in the minimum hourly wage, and their impact on industry profitability.
  3. FY2025-H1RestatedAnnual report

    「In the wedding industry as well, rising food, labor and energy costs are affecting the earnings structure of the industry as a whole.」

    Continues to describe the situation in which, in addition to building-material and construction costs, increases in food, labor and energy costs are affecting industry earnings.
  4. FY2024MaterialisedAnnual report

    「This was mainly due to higher purchase prices for food and other items, as well as a decline in the number of weddings and receptions held.」

    Higher purchase prices for food and other items emerged in actual results as a factor behind the decline in gross profit. In addition, selling, general and administrative expenses increased by ¥113.745 million due to the continued rise in labor costs.
  5. FY2024-Q3Explicit disclosure of rising food and labor costsAnnual report

    「The wedding industry is also facing continued challenging conditions, including the recent sustained rise in food costs and increases in labor costs,」

    In addition to the previously identified increases in construction costs and building-material prices, explicitly identifies sustained increases in food costs and labor costs as operating-cost factors in the wedding industry.
  6. FY2023-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    States that there have been no significant changes regarding lower margins resulting from higher building-material and construction costs.
  7. FY2022RestatedAnnual report

    「In light of current increases in building-material prices, we recognize that diversifying our store-opening strategy while pursuing more efficient store development is an important challenge going forward.」

    In light of continued increases in building-material prices, continues to identify improving the efficiency of new-site openings as an issue.
  8. FY2019First statedAnnual report

    「We recognize that management indicators such as the ordinary profit margin have not reached satisfactory levels, due to the recent surge in construction costs and the diversification of customer-acquisition channels.」

    For the first time, identifies the actual rise in construction costs as one factor behind ordinary profit margins and other indicators remaining below satisfactory levels.
Moved together

"Inability to Recover Security Deposits Paid and Costs of Terminating Lease Agreements" moved the same way as this thread, in the same document, in 5 of its 11 moves.

5432★1234
  1. ★This thread
  2. 1Inability to Recover Security Deposits Paid and Costs of Terminating Lease Agreements5×
  3. 2Dependence on Interest-Bearing Debt and Rising Interest Rates4×
  4. 3Impairment Losses Due to Declining Store Profitability3×
  5. 4Liquidity Risk Associated with Financing2×

★ 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 Brass yet. It last moved in the General Meetings of Shareholders of 2026-10-02: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Declining Profit Margins Due to Soaring Construction Costs | Brass Corporation (2424) | Komori