Declining Profit Margins Due to Soaring Construction Costs
First written in FY2019. 3 of 11 entries say "Restated". Latest entry: 2026-10-02.
Brass moved to the "Worse" side of this theme in 2024.
2 other companies' latest entry also says "Worsened".
- 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. - 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. - 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. - 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. - 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. - 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. - 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. - 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.