Strengthening proactive investment for medium- to long-term growth as temporary costs
First written in FY2018-Q3. 4 of 10 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 4 of 19 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The initiatives to improve productivity set out in the “Medium-Term Management Plan 2030” made steady progress, and the effects of optimizing personnel expenses and controlling costs became evident.」
The previous policy of combining growth investment with a review of cost-effectiveness was specified in terms of productivity improvement, personnel expense optimization, and cost control under the “Medium-Term Management Plan 2030,” with results becoming evident. - FY2025-H1AdvancedAnnual report
「In terms of profit, in addition to the benefits of higher revenue, effective control of the impact of surging raw-material and energy costs resulted in smaller operating and ordinary losses both year on year and against plan.」
The filing stated that the impact of costs was managed amid higher raw-material and energy costs, reducing operating and ordinary losses both year on year and against plan. - FY2024-Q1AdvancedAnnual report
「We advanced the following 3 priority initiatives: “increasing unit prices by enhancing value-added,” “ensuring sufficient staffing,” and “reducing costs.”」
The policy aimed at establishing a structurally profitable business was translated into 3 priority initiatives: increasing unit prices by enhancing value-added, ensuring sufficient staffing, and reducing costs. - FY2023ReframedAnnual report
「We will work to establish a structurally profitable business. Specifically, while making investment in human capital a priority by ensuring sufficient staffing to create corporate value through recruitment, development, and retention, we will control selling, general and administrative expenses, including utilities. We will also review some policy-driven investment aimed at generating revenue and optimize investment more carefully based on cost-effectiveness.」
The policy was organized around combining a focus on investment in human capital with a review of policy-driven investment based on cost-effectiveness and cost control, while continuing growth investment. - FY2020-Q2RestatedAnnual report
「Although we achieved greater cost efficiency through the closure and transfer of 4 locations in the previous fiscal year, operating income and ordinary income fell below the same period of the previous year because of the decline in gross profit due to lower revenue, the greater-than-expected increase in non-regular employment to secure personnel, and proactive spending on capital investment and talent development associated with advancing the hotel business.」
The filing reaffirmed the continued investment associated with business-structure reforms, while noting the cost burden from securing personnel, capital expenditures, and employee development. - FY2020-Q1RestatedAnnual report
「Profit was pressured by a decrease in gross profit due to lower revenue, increased non-regular employment to secure personnel and address labor shortages, and proactive spending on capital expenditures associated with advancing the hotel business and employee development. As a result, operating profit and ordinary profit were both below the same period of the previous year. As in the previous consolidated fiscal year, the Company will continue working to increase corporate value by advancing hotel development in stages and steadily implementing business-structure reforms.」
While describing the pressure on profit from higher costs, the filing reaffirmed the policy of continuing phased hotel development and business-structure reforms to increase corporate value. - FY2019RestatedAnnual report
「Profit declined as, in addition to the impact of lower revenue, losses from store closures recognized in the second quarter, surging raw-material costs, capital expenditures associated with advancing the hotel business, and increased non-regular employment to secure personnel and address labor shortages put pressure on profit. However, the Company will continue working to increase corporate value by advancing hotel development in stages and steadily implementing business-structure reforms.」
While acknowledging the decline in profit due to higher costs, the filing indicated that phased hotel development and business-structure reforms would continue as initiatives necessary to increase corporate value. - FY2019-Q3Expected benefits from reviewing the cost structureAnnual report
「Profit declined because costs were trending higher due to the recognition of losses from store closures decided in the second quarter, capital expenditures associated with advancing the hotel business, and higher personnel expenses resulting from increased non-regular employment to address labor shortages. However, we have reached a point where we expect to achieve certain benefits from reviewing the cost structure through business-structure reforms aimed at sustained future growth.」
While explaining the decline in profit due to higher costs, the filing stated that the Company had reached a point where it expected to achieve certain benefits from business-structure reforms and a review of the cost structure aimed at sustained growth. - FY2018RestatedAnnual report
「However, all of these are essential for the Company to pursue further growth, and we view their impact as resulting from temporarily higher costs.」
The explanation that lower margins resulting from new openings, renovations, advertising, and workforce expansion represented temporary costs necessary for growth was reaffirmed for the full fiscal year. - FY2018-Q3First statedAnnual report
「All of these represent investments necessary for the Company to pursue further growth at this point, and temporary increases in costs during the medium- to long-term growth process.」
The explanation that increased costs from preparations for new hotel openings, advertising, and strengthening and developing the workforce should be viewed as temporary costs necessary for medium- to long-term growth was identified as a standalone theme for the first time.