Improvement in net gross profit margin and control of selling, general and administrative expenses
First written in FY2019-Q2. 16 of 26 entries say "Advanced", first in FY2019. Latest entry: 2026-10-28.
The whole theme swung hardest in 2017: 3 of 21 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The gross profit margin was 59.1%, up 0.1 percentage points year on year; the SG&A ratio was 49.3%, down 0.2 points; the operating margin was 9.8%, up 0.3 points; and the ordinary profit margin was 10.0%, up 0.3 points.」
The lower SG&A ratio and slight increase in the gross margin improved the operating profit margin to 9.8% and the ordinary profit margin to 10.0%. - FY2025Margins edged down despite a lower SG&A ratioAnnual report
「Gross profit margin was 59.1%, down 1.5 percentage points from the previous fiscal year; the selling, general and administrative expense ratio was 49.5%, down 1.4 percentage points; the operating margin was 9.6%, down 0.1 percentage points; and the ordinary profit margin was 9.7%, down 0.1 percentage points.」
Although the SG&A ratio declined, the operating and ordinary profit margins edged down from the prior fiscal year due to the lower gross margin. - FY2024AdvancedAnnual report
「In terms of margin indicators, the net gross margin was 60.6%, down 1.1 percentage points from the prior fiscal year; the SG&A ratio was 50.9%, down 1.7 percentage points; the operating profit margin was 9.7%, up 0.6 percentage points; and the ordinary profit margin was 9.8%, up 0.5 percentage points.」
Although the gross margin declined, the operating profit margin improved to 9.7% and the ordinary profit margin to 9.8% due to the lower SG&A ratio. - FY2024-Q2AdvancedAnnual report
「Operating income for the consolidated second-quarter accounting period from June to August was ¥415 million, exceeding the plan and, following the first quarter, reaching a record high for a second-quarter consolidated accounting period.」
Operating income for the second-quarter accounting period reached ¥415 million, exceeding the plan and setting a record high. Earnings improvement continued. - FY2024-Q1AdvancedAnnual report
「Operating income for the consolidated first-quarter accounting period from March to May was ¥1,032 million, exceeding the plan and reaching a record high for a first-quarter consolidated accounting period.」
Operating income for the first-quarter accounting period reached ¥1,032 million, exceeding the plan and setting a record high. - FY2023AdvancedAnnual report
「In terms of margin indicators, the net gross margin was 61.7%, up 0.6 percentage points from the prior fiscal year; the SG&A ratio was 52.6%, down 4.2 percentage points; the operating profit margin was 9.1%, up 4.8 percentage points; and the ordinary profit margin was 9.3%, up 4.8 percentage points.」
The net gross margin rose and the SG&A ratio declined, improving the operating profit margin to 9.1% and the ordinary profit margin to 9.3%. - FY2022AdvancedAnnual report
「In terms of margin indicators, the net gross margin was 61.0%, up 0.4 percentage points from the prior fiscal year; the SG&A ratio was 56.8%, down 3.3 percentage points; the operating profit margin was 4.3%, up 3.7 percentage points; and the ordinary profit margin was 4.5%, up 3.6 percentage points.」
The operating and ordinary profit margins improved significantly from the prior fiscal year due to a higher gross margin and a lower SG&A ratio. - FY2022-Q3Earnings recovered despite higher SG&A expensesAnnual report
「Meanwhile, selling, general and administrative expenses on a non-consolidated basis increased by ¥1,577,912 thousand year on year as the opening of new stores progressed smoothly, with ¥112,000 thousand of this increase representing share-based compensation expense associated with the issuance of performance-linked stock acquisition rights.」
While new-store expenses and share-based compensation expenses increased the burden of SG&A expenses, operating income for the cumulative third quarter reached ¥580,412 thousand. - FY2022-Q2New-store expenses and other costs weighed on SG&A expense controlAnnual report
「Selling, general and administrative expenses increased by ¥155.658 million year on year on a non-consolidated basis because the Company made steady progress in opening new stores, resulting in higher SG&A expenses related to those stores. In addition, ¥64 million in share-based compensation expense was recognized in connection with the issuance of performance-linked stock acquisition rights.」
Higher expenses at new stores opened during the period and the recognition of share-based compensation expenses weighed on SG&A expenses. Operating income recovered from an operating loss in the same period of the prior year to ¥155,229 thousand. - FY2021-Q3Sharp decline in operating profit and deteriorating marginsAnnual report
「For selling, general and administrative expenses, personnel expenses were maintained to preserve employment despite the impact of COVID-19, and costs at stores opened in the previous fiscal year also increased. As a result, the SG&A ratio rose 3.9 percentage points year on year to 61.4%.」
As personnel expenses were maintained and expenses at stores opened in the prior fiscal year increased, the SG&A ratio rose by 3.9 percentage points year on year. Operating income fell 99.9% year on year to ¥1,047 thousand, marking a shift from the previous margin improvement trend to deterioration. - FY2021-Q2Operating loss widened due to the impact of the pandemicAnnual report
「For selling, general and administrative expenses, personnel expenses were maintained to preserve employment despite the impact of COVID-19, while costs at stores opened in the previous fiscal year also increased. As a result, the SG&A ratio rose 5.9 percentage points year on year to 64.6%.」
While personnel expenses were maintained, the SG&A ratio rose due to higher expenses at stores opened in the prior fiscal year and other factors, resulting in deterioration in earnings compared with the margin improvement and SG&A expense control achieved through the prior fiscal year. - FY2021-Q1Margins deteriorated due to the impact of the pandemicAnnual report
「As a result, for the first quarter of the fiscal year, the Company reported consolidated net sales of ¥3,959,782 thousand, down 16.6% year on year, an operating loss of ¥221,663 thousand, compared with operating income of ¥387,741 thousand in the same period of the prior year, and an ordinary loss of ¥211,773 thousand, compared with ordinary income of ¥398,320 thousand in the same period of the prior year.」
The Company had indicated margin improvement through higher net gross margins and SG&A expense control in the prior fiscal year, but reported an operating loss and an ordinary loss amid the impact of COVID-19. - FY2020Margin improvement paused due to higher SG&A expensesAnnual report
「The net gross margin was 61.8%, up 0.1 percentage points from the previous fiscal year; the selling, general and administrative expense ratio was 56.9%, up 0.3 percentage points; the operating margin was 4.9%, down 0.2 percentage points; and the ordinary profit margin was 5.2%, down 0.2 percentage points.」
The net gross margin improved, but the SG&A ratio rose by 0.3 percentage points, causing the operating and ordinary profit margins to decline. - FY2020-Q2AdvancedAnnual report
「In terms of profit, the gross margin rose 0.3 percentage point year on year to 62.9%, while the non-consolidated gross margin rose 0.4 percentage point to 65.1%. Profit margins improved as the Company optimized pricing at the time of purchase, reducing discounts and markdowns.」
As a result of optimizing pricing at the time of purchase and reducing discounts and markdowns, the consolidated gross margin was 62.9% and the non-consolidated gross margin was 65.1%, both improving year on year. - FY2020-Q1AdvancedAnnual report
「In terms of profit, the gross margin rose 0.5 percentage point year on year to 64.0%, while the non-consolidated gross margin also rose 0.5 percentage point to 66.1%. The selling, general and administrative expense ratio decreased 0.6 percentage point year on year to 55.8%. The operating margin rose 1.1 percentage points to 8.2%, and the ordinary income margin rose 1.1 percentage points to 8.4%.」
The gross margin and SG&A ratio improved, resulting in an operating margin of 8.2% and an ordinary income margin of 8.4%. The results of improving the gross margin after cost of sales and controlling SG&A expenses were disclosed through these metrics. - FY2019AdvancedAnnual report
「The selling, general and administrative expense ratio decreased 1.2 percentage points from the previous fiscal year to 56.6% as the ratios of personnel expenses and recruitment advertising expenses declined. The operating margin rose 1.3 percentage points to 5.1%, and the ordinary income margin rose 1.3 percentage points to 5.4%.」
SG&A cost control through lower personnel and recruitment advertising expenses, together with an improved gross margin, lifted the operating and ordinary income margins by 1.3 percentage points year on year. - FY2019-Q2First statedAnnual report
「In this operating environment, the Company improved its gross margin after cost of sales and controlled selling, general and administrative expenses, resulting in substantial improvements in operating income and ordinary income.」
Improvements in the gross margin after cost of sales and SG&A cost control were identified for the first time as separate initiatives aimed at improving operating income and ordinary income. Specific measures included improving the efficiency of personnel allocation and reducing recruitment advertising costs.