Cost reductions through store closures, travel restrictions and event cancellations

「SG&A expenses increased due to higher personnel expenses resulting from improved employee compensation and higher advertising expenses and store rent associated with stronger promotions, new flagship store openings and sales growth. As a result, the SG&A ratio deteriorated 1.0 percentage point year on year to 49.8%.」

「Selling, general and administrative expenses increased due to higher advertising expenses from active promotions, as well as higher personnel expenses, store rents and card fees resulting from improved employee compensation and sales growth. However, the effect of higher revenue improved the SG&A ratio by 1.2 percentage points year on year to 48.7%, and operating profit increased 56.4% year on year.」

「SG&A expenses increased due to higher personnel expenses, store rent and credit card fees resulting from improved employee compensation and sales growth. However, the SG&A ratio improved 2.2 percentage points year on year to 48.6% due to the effect of higher sales, and operating profit grew substantially, increasing 85.1% year on year.」

「SG&A expenses increased due to higher personnel expenses, store rent and delivery costs resulting from improved employee compensation and sales growth. However, the SG&A ratio improved 1.6 percentage points year on year to 47.9% due to the effect of higher sales, and operating profit grew substantially, increasing 37.2% year on year.」

「SG&A expenses increased as personnel expenses and store rent, which had been contained in the previous fiscal year due to store closures and shorter operating hours, and advertising expenses associated with active promotions all rose. However, the SG&A ratio was contained at 50.1%, improving 2.5 percentage points year on year, and the operating margin improved substantially due to the recovery in sales and more efficient business operations.」

「Selling, general and administrative expenses increased as personnel expenses and store rent, which had been suppressed by store closures and shortened operating hours in the previous year, rose. However, the selling, general and administrative expense ratio improved by 3.3 percentage points year on year to 50.8% due to the recovery in revenue and more efficient business operations, and operating income improved significantly.」

「Selling, general and administrative expenses increased as personnel expenses and store rents, which had been restrained in the previous fiscal year due to store closures and reduced operating hours, rose. However, the recovery in net sales and greater efficiency in business operations improved the SG&A ratio by 6.0 percentage points year on year to 49.5%, and operating profit increased substantially, rising 632.1% year on year.」

「SG&A expenses increased 6.0% due to the disappearance of store rent reduction benefits from the previous fiscal year and increased advertising to raise awareness of the Company's e-commerce business, among other factors. However, the SG&A ratio improved 2.2 percentage points year on year to 52.6% due to the effect of higher sales, and the operating margin also improved 2.2 percentage points.」

「Selling, general and administrative expenses increased 7.4%, partly because the benefit from reductions in store rents in the previous fiscal year had ended and advertising was increased to raise awareness of the company’s own e-commerce business. However, the increase in revenue improved the SG&A ratio by 4.5 percentage points year on year to 54.1%, securing an operating profit.」

「Selling, general and administrative expenses increased as personnel expenses and store rents, which had been contained in the previous fiscal year due to store closures and reduced operating hours, rose, while advertising expenses and other costs related to strengthening the company’s own e-commerce business also increased. However, the increase in revenue improved the SG&A ratio by 12.0 percentage points year on year to 55.5%, securing an operating profit margin of 1.3%.」

「Selling, general and administrative expenses decreased by ¥8,993 million year on year, reflecting lower personnel expenses and store rents due to store closures and reduced operating hours, lower card fees, efforts to contain promotional expenses, and reductions in other expenses through restrictions on business travel and event cancellations.」

「Selling, general and administrative expenses decreased by ¥7,413 million year on year, as the Company reduced personnel expenses and store rents following store closures and shorter operating hours, restrained promotional expenses, reduced card processing fees, and cut other expenses through measures including refraining from business travel and cancelling events.」

「Selling, general and administrative expenses decreased by ¥5,219 million year on year, as the Company reduced personnel expenses and store rent following store closures and shortened operating hours, as well as other expenses through restraint on business travel and the cancellation of events.」