Upfront Investment to Support Medium- to Long-Term Growth

「As a result, revenue was ¥5,921.615 million, up 15.9% year on year, and segment profit was ¥432.609 million, up 182.5%.」

「The company plans to move into a phase of recovering its investments and expanding profit as the selling, general and administrative expense ratio declines relative to sales growth.」

「In the current fiscal year, the interim year of the plan (fiscal year ending June 2023), the company plans to continue investing to build a medium-term earnings base, as it did in the previous fiscal year, while expanding sales and improving profitability.」

「The group has announced a 3-year medium-term management plan with targets of ¥20 billion in revenue and ¥1.2 billion in operating profit for the fiscal year ending June 2024, the final year of the plan. In the current fiscal year, the interim year of the plan (fiscal year ending June 2023), the company plans to continue investing to build a medium-term earnings base, as it did in the previous fiscal year, while expanding sales and improving profitability.」

「In the current fiscal year, the interim year of the plan (fiscal year ending June 2023), the company plans to continue investing to build a medium-term earnings base, as it did in the previous fiscal year, while expanding sales and improving profitability.」

「To achieve the plan's final-year targets of ¥20 billion in revenue and ¥1.2 billion in operating profit, the company implemented various measures during the current fiscal year, the plan's first year, as a period of investment to build a medium-term earnings base, focusing on its online reuse business.」

「During the first 3 quarters of the current fiscal year, the company made various upfront investments to achieve its medium-term management plan. These included increased marketing spending to generate more purchase requests, opening new locations and strengthening domestic sales in the agricultural machinery field, proactive recruitment activities and system investments.」

「Specifically, the company made upfront investments including increased marketing spending to generate more purchase requests in the consumer reuse business, opening new locations in the agricultural machinery field, strengthening recruitment activities to expand future earnings and investing in systems.」

「The company made upfront investments, including strengthening recruitment activities and investing in systems, to expand future earnings.」

「To strengthen its IT development capabilities for further business expansion, the company increased staffing at the consolidated subsidiary established in Vietnam in May 2020 as an offshore development center, and expanded personnel and facilities at 2 consolidated subsidiaries established around the same time to support growth in their agricultural machinery-related businesses, making proactive investments to support further future growth.」

「To strengthen its IT development capabilities for further business expansion, the company established a consolidated subsidiary in Vietnam in May 2020 as an offshore development center. It also made proactive investments to support future growth, including acquiring agricultural machinery-related businesses through 2 newly established consolidated subsidiaries.」

「To strengthen its IT development capabilities for further business expansion, the company established a consolidated subsidiary in Vietnam in May 2020 as an offshore development center. It also made proactive investments to support future growth, including acquiring agricultural machinery-related businesses through 2 newly established consolidated subsidiaries.」

「The group designated the fiscal years ending June 2017 and June 2018 as a period of strategic investment for medium- to long-term growth and made proactive investments in various fields. By the end of the previous consolidated fiscal year (fiscal year ending June 2019), these investments had proved successful and new businesses had entered a profitable growth trajectory.」

「The Group designated the fiscal years ended June 2017 and June 2018 as a period of strategic investment for medium- to long-term growth and invested actively in various fields. By the end of the previous fiscal year, the fiscal year ended June 2019, these investments had paid off and new and ancillary businesses had moved onto a profitable trajectory.」

「The company had designated the previous two fiscal years (fiscal years ending June 2017 and June 2018) as a period of strategic investment for medium- to long-term growth, and the investments proved successful, with services newly created from the beginning of the current fiscal year eventually contributing to earnings.」

「In addition, the agricultural-machinery and communications businesses, which began contributing to earnings from the third quarter of the previous consolidated fiscal year following the success of earlier investments, continued to grow steadily during the first quarter under review.」

「The company designated the previous consolidated fiscal year (fiscal year ending June 2017) and the current consolidated fiscal year (fiscal year ending June 2018) as a two-year period of strategic investment aimed at medium- to long-term growth, and made proactive upfront investments to expand its purchasing base, including expanding personnel and facilities, broadening the categories of products handled and launching new services.」

「The company has designated the previous and current fiscal years as a two-year period of strategic investment aimed at medium- to long-term growth and expansion, and is making proactive upfront investments, including expanding its locations and product offerings and creating peripheral businesses, to establish an earnings base.」

「The company has designated the previous and current fiscal years as a two-year period of strategic investment aimed at medium- to long-term growth and expansion, and is making proactive upfront investments, including expanding its locations and product offerings and creating peripheral businesses, to establish an earnings base.」

「In this business environment, the group has designated the previous and current fiscal years as a strategic investment period and is making proactive upfront investments to establish an earnings base.」

「The company designated the current consolidated fiscal year (fiscal year ending June 2017) and the following consolidated fiscal year (fiscal year ending June 2018) as a two-year period of strategic investment aimed at medium- to long-term growth, and made proactive upfront investments to establish an earnings base, including expanding personnel and facilities, broadening the categories of products handled and launching new services.」

「In light of this environment, the group has designated the current and following consolidated fiscal years as a two-year period for strategic investment aimed at medium- to long-term growth and expansion, and is making proactive upfront investments, including expanding personnel and facilities and introducing new technologies, to diversify its businesses.」

「The company has designated the current and following fiscal years as a two-year period for strategic investment aimed at medium- to long-term growth and expansion, and is making proactive upfront investments, including expanding personnel and facilities and introducing new technologies, to establish an earnings base.」

「The company has designated the current and following fiscal years as a two-year period for strategic investment aimed at medium- to long-term growth and expansion, and is making proactive upfront investments in personnel, facilities and other areas.」

「The increase in personnel expenses from hiring IT engineers, web marketers and contact center staff in anticipation of medium- to long-term business expansion and the creation of new businesses, as well as the costs of opening the Tokushima contact center in anticipation of an increase in purchase requests resulting from the partnership with a major company, among other expenses.」