3% improvement in gross profit margin
First written in FY2017. 14 of 24 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The company has set a long-term gross margin target of 50% and had set a target of 45.8% at the end of the 52nd fiscal year, an improvement of 0.2% from the previous fiscal year. However, actual gross margin came in at 44.7%, 1.1% below target. As stated in “(3) Operating Environment,” future trends in living conditions and the operating environment are difficult to predict. Nevertheless, the company is targeting 45.6% for the 53rd fiscal year, an increase of approximately 1.0% from the 52nd fiscal year, and 50% over the long term. In the Yellow Hat business, it will continue to focus on securing vehicle inspections and providing services generating labor revenue from body coating, air-conditioning gas cleaning and other services, as well as acquiring app members to help secure a stable customer base over the long term.」
Actual gross margin was 44.7% against the 45.8% target for the 52nd fiscal year, and the target for the 53rd fiscal year was lowered to 45.6%. The company has maintained its long-term target of 50% and its policy of using vehicle inspections, services and app memberships as means of achieving it. - FY2025RaisedAnnual report
「The company had set a target of 45.7% at the end of the 51st fiscal year and achieved it, with actual gross margin coming in at 45.7%. As stated in “(3) Operating Environment,” future trends in living conditions and the operating environment are difficult to predict. Nevertheless, the company is targeting 45.8% for the 52nd fiscal year, an increase of approximately 0.1% from the 51st fiscal year, and 50% over the long term. In the Yellow Hat business, it will continue to focus on securing vehicle inspections and providing services generating labor revenue from polymer coating, bodywork and other car-maintenance services.」
The company achieved the 45.7% gross margin target for the 51st fiscal year, raised its target for the 52nd fiscal year to 45.8%, and continues to set a long-term target of 50%, using vehicle inspections and car maintenance as means of achieving it. - FY2024RaisedAnnual report
「The company should originally have reached 45.6% at the end of the 50th fiscal year, but actual gross margin came in at 44.0%, 1.6% below target. The company is therefore targeting 45.7% for the 51st fiscal year, an increase of approximately 0.1% from the 50th fiscal year, and 50% over the long term. In the Yellow Hat business, it will continue to focus on securing vehicle inspections and providing services generating labor revenue from polymer coating, bodywork and other car-maintenance services.」
While actual gross margin in the 50th fiscal year was 44.0%, 1.6 percentage points below the 45.6% target, the company raised its target for the 51st fiscal year by 0.1 percentage points to 45.7% and continues to set a long-term target of 50%, using vehicle inspections and car maintenance as means of achieving it. - FY2023Explicitly acknowledges failure to meet the target and sets a target for the next periodAnnual report
「The company has planned a medium-term target of 45.6%, representing a 3% improvement from gross margin of 42.6% in the 43rd fiscal year. The company should originally have reached 45.1% at the end of the 49th fiscal year, but actual gross margin came in at 44.0%, 1.1% below target. As stated in “(3) Operating Environment,” future trends in living conditions and the operating environment are difficult to predict. Nevertheless, the company is targeting 45.6% for the 50th fiscal year, an increase of approximately 1.6% from the 49th fiscal year, and a long-term target of 50%. In the Yellow Hat business, it will continue to focus on securing vehicle inspections and providing services generating labor revenue from polymer coating, bodywork and other car-maintenance services.」
Actual gross margin in the 49th fiscal year was 44.0%, 1.1 percentage points below the required level of 45.1%. The company set a target of 45.6% for the 50th fiscal year and 50% over the long term, while continuing to use vehicle inspections and car maintenance as means of achieving those targets. - FY2023-Q3RestatedAnnual report
「Although expenses increased, mainly due to electricity costs, profit increased because sales of high-margin tires and vehicle inspections remained strong in the Yellow Hat business.」
The company continues to pursue a strategy of securing gross profit through vehicle inspection and other services and sales of high-margin products, but provides no new achievement figure for the 45.6% gross margin target or the long-term target of 50%. - FY2023-Q2RestatedAnnual report
「Tire sales remained strong due to repeated price increases and the resulting rush demand, while gross profit also improved as the company focused on sales of vehicle inspections and other car-maintenance services.」
The company states that gross profit improved through its focus on vehicle inspections and other car-maintenance services, but provides no new achievement figure for the 45.6% gross margin target or the long-term target of 50%. - FY2022-Q3RestatedAnnual report
「At existing stores, gross margin improved as the company focused on vehicle inspections and other car-maintenance services. However, sales declined due to the reaction to increased demand resulting from the special fixed benefit payments made during the same period of the previous fiscal year, decreases in customer numbers and average selling prices due to the spread of COVID-19, the decline in domestic new-vehicle sales and other factors, including lower demand for tires and dashcams.」
The company states that gross margin improved through its focus on vehicle inspections and other car-maintenance services, but provides no new achievement figure for the 45.6% gross margin target or the long-term target of 50%. - FY2022-Q1RestatedAnnual report
「In the company's core Yellow Hat business, gross margin improved as the company focused on vehicle inspections and other car-maintenance services. However, sales declined because sales of hobby and leisure products stagnated following the reaction to increased demand resulting from the special fixed benefit payments made during the same period of the previous fiscal year.」
The company states that gross margin improved through its focus on vehicle inspections and other car-maintenance services, but provides no new achievement figure for the previous 45.6% target. - FY2021Explicitly acknowledges failure to meet the medium-term target and continuesAnnual report
「The company should originally have reached 45.6% at the end of the 47th fiscal year, but actual gross margin came in at 44.5%, 1.1% below target. Accordingly, the company will retain a gross margin target of 45.6% for the 48th fiscal year and a long-term target of 50%, while continuing to strengthen service-segment sales in the Yellow Hat business and working to improve its other businesses.」
While actual gross margin in the 47th fiscal year was 44.5%, 1.1 percentage points below the 45.6% target, the company is retaining the 45.6% target for the 48th fiscal year and setting a long-term target of 50%, together with stronger service-segment sales and improvement of its other businesses. - FY2021-Q1RestatedAnnual report
「Amid these conditions, the company adopted “Make the Most of What We Have” as its corporate policy and worked as one to implement the thorough cost-reduction and gross-margin improvement plan.」
The company continues initiatives to achieve its gross margin improvement plan, together with expense reductions. - FY2020RaisedAnnual report
「Accordingly, the company will retain a gross margin target of 45.6% for the 47th fiscal year and a long-term target of 50%, while continuing to strengthen service-segment sales in the Yellow Hat business and working to improve the TSUTAYA business.」
While actual gross margin in the 46th fiscal year was 44.9%, 0.7 percentage points below the previous target of 45.6%, the company is retaining a 45.6% target for the 47th fiscal year and raising its long-term target to 50%. - FY2020-Q3RestatedAnnual report
「The company has entered the final year of its thorough expense reduction and gross margin improvement plans, which began the year before last, and is working as one organization to turn the process of achieving those plans into results by emphasizing the process.」
The gross margin improvement plan continues in its final year, but the previous specific target of 45.6% is not reiterated in this quarterly report. - FY2020-Q2RestatedAnnual report
「The company has entered the final year of its thorough expense reduction and gross margin improvement plans, which began the year before last, and is working as one organization to turn the process of achieving those plans into results by emphasizing the process.」
The company continues its initiatives in the final year of its gross margin improvement plan. The specific target of 45.6% is not reiterated in the current quarterly report. - FY2020-Q1AdvancedAnnual report
「The company has entered the final year of its thorough expense reduction and gross margin improvement plans, which began the year before last, and is working as one organization to turn the process of achieving those plans into results by emphasizing the process.」
The company states that its gross margin improvement plan has entered its final year and that it has moved to a stage of emphasizing the process of achieving the plan. - FY2019AdvancedAnnual report
「Gross margin was 44.8%, an increase of 0.7% from the previous fiscal year. The company has 0.8% remaining to reach its target of 45.6% for the following fiscal year.」
Gross margin rose to 44.8%, leaving a gap of 0.8 percentage points to the target of 45.6% at the end of the 46th fiscal year. - FY2019-Q3RestatedAnnual report
「Amid these conditions, the company adopted “Full Commitment, Full Effort, Genuine Quality” as its corporate policy, established business-specific strengthening measures aimed at improving the gross margin, and worked to strengthen a business model suited to the times.」
The company continues to establish business-specific initiatives aimed at improving gross margin and strengthen its business models to reflect changing times. - FY2019-Q2RestatedAnnual report
「Amid these conditions, the company adopted “Full Commitment, Full Effort, Genuine Quality” as its corporate policy, established business-specific strengthening measures aimed at improving the gross margin, and worked to strengthen a business model suited to the times.」
The company continues to establish business-specific initiatives aimed at improving gross margin, but the specific targets of 3% and 45.6% at the end of the 46th fiscal year are not reiterated. - FY2019-Q1RestatedAnnual report
「Amid these conditions, the company adopted “Full Commitment, Full Effort, Genuine Quality” as its corporate policy, established business-specific strengthening measures aimed at improving the gross margin, and worked to strengthen a business model suited to the times.」
The company continues to establish business-specific initiatives aimed at improving gross margin, but the previous specific targets of 3% and 45.6% at the end of the 46th fiscal year are not reiterated in the current quarterly report. - FY2018RestatedAnnual report
「The company plans to improve its gross margin by 3% over the 3 fiscal years following the 43rd fiscal year. Gross margin was 42.6% in the 43rd fiscal year, and the company is targeting 45.6% at the end of the 46th fiscal year.」
The annual report reiterates the target of improving gross margin by 3%, from 42.6% in the 43rd fiscal year to 45.6% at the end of the 46th fiscal year. - FY2018-Q2RestatedAnnual report
「Amid these conditions, the company adopted “Good Trees Have Fine Roots,” meaning that trees with fine, deep roots grow into good trees with magnificent branches and foliage, as its corporate policy, and worked to improve gross profit through thorough implementation of basics such as greetings and measures established for each business.」
Although the specific target of 45.6% gross margin at the end of the 46th fiscal year is not reiterated, the company continues to pursue gross profit improvement through business-specific initiatives. - FY2018-Q1RestatedAnnual report
「The company has worked to improve gross profit through thorough implementation of basic practices, beginning with greetings, and through initiatives established for each business.」
Although the specific target of 45.6% gross margin at the end of the 46th fiscal year is not reiterated, the company continues to pursue gross profit improvement through business-specific initiatives. - FY2017First statedAnnual report
「The company plans to improve its gross margin by 3% over the next 3 fiscal years. Gross margin was 42.6% in the 43rd fiscal year, and the company is targeting 45.6% at the end of the 46th fiscal year.」
Based on gross margin of 42.6% in the 43rd fiscal year, the company is targeting 45.6% at the end of the 46th fiscal year, after 3 further fiscal years.