Staffing and Higher Expenses Associated with Business Expansion
First written in FY2016-Q3. 5 of 6 entries say "Materialised", first in FY2016. Latest entry: 2026-05-15.
Mandarake moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2020: 6 of 21 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- 2026-05-15MaterialisedRevision of earnings forecasts
「Growth in selling, general and administrative expenses, including personnel expenses.」
Records the actual increase in selling, general and administrative expenses, including personnel expenses, while noting that growth in mail-order and other sales exceeded the increase in those expenses. - FY2026-H1MaterialisedAnnual report
「Salaries and allowances 901,993 929,152」
Salaries and allowances increased from ¥901,993 thousand to ¥929,152 thousand year on year, with the increase in personnel-related expenses associated with business expansion reflected in the results. - FY2025MaterialisedAnnual report
「This was mainly because gross profit increased by ¥376 million, while personnel expenses increased and, following the establishment of directors' retirement benefit rules, an expense for the provision for directors' retirement benefits was recorded from the current fiscal year, resulting in a ¥662 million increase in selling, general and administrative expenses.」
It is stated that higher selling, general and administrative expenses, including personnel expenses and the expense for the provision for directors' retirement benefits, were an actual factor in the decline in profit. - FY2024MaterialisedAnnual report
「Operating profit increased by ¥203 million from the previous fiscal year to ¥2,078 million, up 10.8% year on year. This was mainly because gross profit increased by ¥896 million, while selling, general and administrative expenses increased by ¥692 million, primarily due to higher personnel expenses.」
While higher selling, general and administrative expenses, mainly due to increased personnel expenses, are described in the results, operating profit also increased. - FY2016MaterialisedAnnual report
「Operating profit declined 37.0% year on year to ¥688 million. This was mainly because selling, general and administrative expenses increased due to higher personnel expenses associated with the expansion of SAHRA's web-based mail-order sales channels and higher depreciation expenses for facilities completed at the end of the previous fiscal year.」
It explains that higher personnel expenses associated with the expansion of web-based mail-order sales, among other factors, were reflected in the 37.0% decline in operating profit. - FY2016-Q3First statedAnnual report
「Operating profit was ¥622 million, down 27.5% year on year, ordinary profit was ¥610 million, down 27.9%, and quarterly net profit was ¥389 million, down 25.3%, due to higher expenses, including costs associated with securing personnel to expand the scale of operations.」
It explains that higher expenses, including those associated with securing personnel to expand the scale of operations, were reflected in the decline in profit.