Pressure on profits in the reuse business from higher personnel expenses
First written in FY2018-Q2. 2 of 4 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2019.
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- FY2019MitigatedAnnual report
「Selling, general and administrative expenses decreased by ¥255.084 million due to lower personnel expenses resulting from difficulties securing employees, lower rent and other property expenses following store closures, and lower depreciation stemming from a reduction in property, plant and equipment. In addition, non-operating income increased by ¥57.268 million, resulting in higher operating profit and ordinary profit.」
Unlike the increase in personnel expenses that put pressure on profit in the previous fiscal year, the current fiscal year identifies lower personnel expenses as a factor behind the decrease in selling, general and administrative expenses. - FY2018MaterialisedAnnual report
「Personnel expenses rose 4.7% from the previous fiscal year, affecting profit and resulting in lower earnings.」
The full-year results explicitly state that personnel expenses rose 4.7% from the previous fiscal year and affected profit. - FY2018-Q3MaterialisedAnnual report
「As a result, revenue increased 0.9% year on year to ¥4,441.451 million, but segment profit (operating profit) fell 3.9% to ¥377.836 million due to higher personnel expenses.」
In the reuse business, revenue increased 0.9% year on year, while higher personnel expenses were reflected in actual results as a factor behind the 3.9% year-on-year decline in segment profit. - FY2018-Q2First statedAnnual report
「As a result, revenue increased 1.5% year on year to ¥2,991.909 million, but segment profit (operating profit) fell 7.8% to ¥256.473 million due to higher personnel expenses.」
In the reuse business, revenue increased 1.5% year on year, while higher personnel expenses were reflected in actual results as a factor behind the 7.8% year-on-year decline in segment profit.