Control of Ordinary Expenses and Response to Facility Closures Amid COVID-19
First written in FY2021-Q1. 10 of 19 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Overseas, the effect of cost-control measures increased operating profit before goodwill amortization by ¥2,769 million from the previous year to ¥8,547 million, up 47.9% year on year,」
Cost-control measures increased overseas operating profit before goodwill amortization by ¥2,769 million from the previous year, resulting in a 47.9% increase. - FY2026-H1AdvancedAnnual report
「Cost-control measures implemented in Japan and overseas also proved effective, resulting in operating profit of ¥10,742 million, up 21.0% year on year, and adjusted operating profit of ¥5,122 million higher than in the same period of the previous year, a substantial 91.1% increase.」
Cost-control measures in Japan and overseas proved effective. Operating profit increased 21.0% year on year, while adjusted operating profit increased by ¥5,122 million, representing a 91.1% increase. - FY2024-Q3RestatedAnnual report
「In addition to continuing strategic investment aimed at medium-term growth, SG&A expenses increased due to the return of activity-related expenses. Operating profit was therefore ¥15,629 million, down 56.7% year on year, and ordinary profit was ¥16,996 million, down 57.3%.」
This reconfirms the pattern in which continued strategic investment aimed at medium-term growth, together with the return of activity-related expenses, increased SG&A expenses and resulted in declines in operating profit and ordinary profit. - FY2024-Q2RestatedAnnual report
「In addition to continuing strategic investment aimed at medium-term growth, SG&A expenses increased due to the return of activity-related expenses. Operating profit was therefore ¥1,346 million, down 93.4% year on year, and ordinary profit was ¥3,562 million, down 85.2%.」
SG&A expenses continued to increase due to strategic investment aimed at medium-term growth and the return of activity-related expenses, becoming a factor behind declines in operating profit and ordinary profit. - FY2024-Q1RestatedAnnual report
「As SG&A expenses increased due to strategic investment aimed at medium-term growth and the return of activity-related expenses, operating profit was ¥3,768 million, down 67.1% year on year, and ordinary profit was ¥5,975 million, down 56.9%.」
SG&A expenses continued to increase due to strategic investment and the return of activity-related expenses, becoming a factor behind declines in operating profit and ordinary profit. This confirms the pattern evident since FY2023: higher costs associated with growth investment and the resumption of activities, rather than an across-the-board focus on cost restraint. - FY2023SoftenedAnnual report
「As SG&A expenses increased due to strategic investment aimed at medium-term growth and the return of activity-related expenses, operating profit was ¥55,409 million, down 22.7% year on year.」
The previous approach of controlling costs through restrictions on activity-related expenses and cost-structure reform has given way to higher costs from strategic investment aimed at growth and the return of activity-related expenses. - FY2023-Q3RestatedAnnual report
「As SG&A expenses increased due to strategic investment aimed at medium-term growth and the return of activity-related expenses, operating profit was ¥36,109 million, down 24.1% year on year. Ordinary profit was ¥39,801 million, down 21.0%, following the recognition of ¥1,191 million in foreign exchange gains and other factors.」
SG&A expenses continued to increase due to strategic investment aimed at medium-term growth and the return of activity-related expenses, becoming a factor behind declines in operating profit and ordinary profit. - FY2023-Q2RestatedAnnual report
「As SG&A expenses increased due to strategic investment aimed at medium-term growth and the return of activity-related expenses, operating profit was ¥20,525 million, down 27.3% year on year,」
SG&A expenses continued to increase due to strategic investment and the return of activity-related expenses, with higher costs associated with growth investment and the resumption of activities, rather than an across-the-board focus on cost restraint, reflected in results. - FY2023-Q1SoftenedAnnual report
「As SG&A expenses increased due to strategic investment aimed at medium-term growth and the return of activity-related expenses, operating profit was ¥11,458 million, down 5.2% year on year,」
The company has shifted from cost control through restrictions on activity-related expenses and cost-structure reform to higher SG&A expenses due to strategic investment and the return of activity-related expenses, resulting in a 5.2% year-on-year decline in operating profit. - FY2022AdvancedAnnual report
「The adjusted consolidated operating margin before amortization of goodwill, identified as a key performance indicator, finished above 20%. This reflected the effects of cost structure reforms and temporary upward factors, such as activity expenses not being incurred due to movement restrictions, while the company continued strategic investment to advance its transformation.」
The company explained that the effects of cost structure reforms had emerged while it continued strategic investment. - FY2022-Q3AdvancedAnnual report
「Extraordinary losses totaled ¥5,180 million as a result of recognizing ¥4,231 million in special retirement allowances associated with the implementation of an early retirement program at certain consolidated subsidiaries.」
While continuing cost controls, including the curtailment of activity expenses, and cost structure reforms, the company implemented an early retirement program at certain consolidated subsidiaries and recognized ¥4,231 million in special retirement allowances. - FY2022-Q1AdvancedAnnual report
「Despite increased selling, general and administrative expenses from strategic spending aimed at medium-term growth and the expansion of the scope of consolidation, efforts to reform the cost structure, together with cost controls including the curtailment of activity expenses, resulted in operating income of ¥12,087 million, up 2,929.6% year on year, and ordinary income of ¥13,251 million, up 759.1%. Both increased substantially.」
In addition to the existing curtailment of activity expenses and other measures, the company began efforts to reform its cost structure and is advancing cost controls despite higher expenses from strategic spending and the expansion of the scope of consolidation. - FY2021-Q3RestatedAnnual report
「Despite an increase in selling, general and administrative expenses from the expansion of the scope of consolidation, cost controls, including the curtailment of activity expenses, resulted in operating income of ¥18,860 million, down 50.0% year on year, and ordinary income of ¥21,402 million, down 46.2%. Although both were lower, they represented a substantial recovery from the first-half results.」
The company continues to implement cost controls, including the curtailment of activity expenses, despite higher expenses resulting from the expansion of the scope of consolidation. - FY2021-Q2AdvancedAnnual report
「Selling, general and administrative expenses decreased 4.4% year on year as a result of cost controls, including the curtailment of activity expenses, despite an increase in expenses from the expansion of the scope of consolidation.」
Following the control of ordinary expenses in Q1, the company reduced selling, general and administrative expenses by 4.4% year on year through cost controls, including the curtailment of activity expenses. - FY2021-Q1First statedAnnual report
「Selling, general and administrative expenses decreased 1.9% year on year as a result of efforts to control ordinary expenses, despite increases in expenses from the expansion of the scope of consolidation and in personnel expenses due to higher headcount.」
Amid the impact of COVID-19, the company is operating with ordinary expenses under control. It has also decided to temporarily close certain facilities and cancel events, making its specific response to preventing the spread of infection and maintaining business continuity an independent theme for the first time.