Company-Wide Cost Reduction and Expense Review in Response to COVID-19
First written in FY2020. 4 of 7 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「However, while continuing to make company-wide cost cuts, the company is also utilizing employment adjustment subsidies and other subsidies for cooperating with shortened operating hours provided by the Japanese government and local authorities」
The company continues to make company-wide cost cuts and utilize subsidies and cooperation payments. - FY2022-Q2RestatedAnnual report
「While continuing to make company-wide cost cuts」
The company continues to make company-wide cost cuts, but no new cost-reduction measures or numerical targets have been provided. - FY2022-Q1RestatedAnnual report
「While continuing to make company-wide, across-the-board cost cuts」
The company continues to review expenses company-wide and make across-the-board cost cuts amid COVID-19. No new cost-reduction measures or numerical targets have been provided. - FY2021-Q3AdvancedAnnual report
「We reviewed expenses company-wide from every angle, reduced personnel expenses by cutting executive compensation and bonuses, and worked together across the company to make across-the-board cost cuts, including reductions in other selling and operating expenses.」
The company explains that, in addition to reviewing expenses company-wide and making across-the-board cost cuts, it reduced personnel expenses by cutting executive compensation and bonuses, as well as selling and operating expenses. - FY2021-Q2RestatedAnnual report
「We reviewed expenses company-wide from every angle and worked together across the company to make across-the-board cost cuts.」
The company explains that it continued to review expenses company-wide and make across-the-board cost cuts. - FY2021-Q1AdvancedAnnual report
「Thereafter, in view of the social situation, in which the spread of COVID-19 showed no signs of being contained, we closed all stores from 4 April to help prevent the spread of infection, while conducting a company-wide review of expenses from every angle and working together across the company to make across-the-board cost cuts.」
Regarding the cost-reduction policy announced in the previous fiscal year, the company explains that it reviewed expenses company-wide and made across-the-board cost cuts at the same time as closing all stores. - FY2020First statedAnnual report
「Under these circumstances, in addition to cutting nonessential costs, we will review every expense item individually and carry out a company-wide review.」
As a response to the difficult operating environment caused by COVID-19, the company first indicated a policy of implementing company-wide cuts to nonessential costs and individual reviews of expense items.