Profitability pressured by rising labor costs
First written in FY2019-Q3. 8 of 10 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Beauty Kadan Holdings moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 64 of 103 companies on the "Worse" side.
28 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「As a result, in addition to the impact of higher floral material prices and labor costs, the decline in the number of ceremonies conducted led to operating profit of ¥98.498 million, down 54.9% year on year.」
Higher floral-material prices and labor costs emerged as factors reducing operating income in the fresh-flower altar business by 54.9% year on year. - FY2026-H1MaterialisedAnnual report
「As a result, operating profit was ¥60.455 million, down 36.9% year on year, due to the impact of higher floral material prices and labor costs, as well as higher costs associated with handling the peak season.」
Higher labor costs have again emerged as a factor reducing operating profit in the fresh-flower altar business by 36.9% year on year. - FY2021DroppedAnnual report
「Consolidated operating loss narrowed through the implementation of thorough measures to improve operational efficiency, to ¥27.272 million (a loss of ¥158.425 million in the same period of the previous year).」
The specific theme of rising labor costs, which had been cited as a performance factor through the previous fiscal year, was not identified in the current year's risk and performance commentary, which instead focused on the reduction in the loss through improved operational efficiency. - FY2020MaterialisedAnnual report
「Operating loss was ¥158.425 million (a profit of ¥19.619 million in the same period of the previous year), due to higher cost and labor cost ratios in the fresh-flower altar business through the third quarter, lower sales in the bridal floral business, and the impact of an overall decline in sales caused by the spread of COVID-19.」
The rise in cost and labor cost ratios in the fresh-flower altar business actually emerged as a factor behind the full-year operating loss. - FY2020-Q3MaterialisedAnnual report
「Meanwhile, operating income for the period was ¥253,234 thousand, down 31.7% year on year, mainly due to lower sales in the Kanto and Kyushu areas and the impact of a higher personnel expense ratio across the business.」
The higher personnel expense ratio continues to emerge as a factor reducing operating income in the fresh-flower altar business by 31.7% year on year. - FY2020-Q1MaterialisedAnnual report
「Meanwhile, operating income for the period was ¥54,838 thousand, down 44.4% year on year, mainly due to lower sales in the Kanto and Kyushu areas and the impact of higher personnel expenses across the business.」
Higher personnel expenses have emerged as a factor reducing operating income in the fresh-flower altar business by 44.4% year on year. - FY2019MaterialisedAnnual report
「Consolidated operating income was ¥19,619 thousand, down 88.3% year on year, due to the impact of higher cost and personnel expense ratios in the fresh-flower altar business and lower sales in the bridal floral decoration business.」
The higher personnel expense ratio has emerged as a factor behind the decline in full-year consolidated operating income. - FY2019-Q3First statedAnnual report
「Operating income was ¥20,222 thousand, down 74.6% year on year, mainly due to the impact of higher costs and personnel expenses in the fresh-flower altar business.」
Higher costs and personnel expenses in the fresh-flower altar business have emerged as factors behind the decline in consolidated operating income. The company also states that higher personnel expenses caused an operating loss in the bridal floral decoration business.