Improving Earnings Power Through Gross Margin Improvement
First written in FY2019-Q1. 8 of 17 entries say "Softened", first in FY2020. Latest entry: FY2027-H1.
United Super Markets Holdings moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「㈱マルエツ’s operating revenue exceeded that of the same period of the previous year, but its gross profit margin declined due to stronger pricing measures and higher material costs. In addition, higher selling, general and administrative expenses caused operating income and ordinary income to fall below the levels of the same period of the previous year.」
マルエツ's operating profit and ordinary profit fell below the prior-year period levels as its gross margin declined due to stronger pricing measures and higher material prices, compounded by an increase in selling, general and administrative expenses. - FY2026-H1SoftenedAnnual report
「Meanwhile, the company continued to implement price-maintenance measures, mainly for processed foods, in response to rising prices and intensifying competition. As a result, gross margin on sales remained around the previous year’s level and fell below the projected level.」
As a result of continuing price-maintenance measures, gross margin on sales remained around the previous year’s level and fell below the projected level. - FY2025-H1SoftenedAnnual report
「During the interim consolidated accounting period, operating revenue exceeded the previous year’s level at 101.6% year on year, driven by growth in customer traffic at ㈱マルエツ, while gross profit reached 101.9% of the previous year’s level as a result of margin improvement. However, gross margin on sales fell below the projected level because the company strengthened price-focused measures, mainly for processed foods, in response to rising prices and intensifying competition.」
Although gross profit reached 101.9% of the previous year’s level, gross margin on sales fell below the projected level because of intensified price-focused measures centered on processed foods, constraining the trend of margin improvement. - FY2025-Q1SoftenedAnnual report
「Meanwhile, ㈱カスミ reported lower revenue and profit as customer traffic recovered slowly, resulting in operating revenue of 96.9% of the previous year’s level, while gross margin on sales deteriorated 1.1% from the same quarter of the previous year.」
In contrast to the trend of improving gross margin, カスミ’s gross margin on sales deteriorated 1.1% year on year, resulting in lower revenue and profit. - FY2024AdvancedAnnual report
「For the Group as a whole, operating gross profit was 101.0% of the previous period’s level, due to a 0.4% improvement in gross margin on sales from the previous period.」
Gross margin on sales improved 0.4% from the previous period, and operating gross profit was 101.0% of the previous period’s level. - FY2024-Q3AdvancedAnnual report
「Operating gross profit was 101.1% of the previous year’s level, due to a 1.4% improvement in gross margin on sales from the previous period.」
Gross margin on sales improved 1.4% from the previous period, and operating gross profit was 101.1% of the previous year’s level. - FY2024-Q2AdvancedAnnual report
「Operating gross profit was 101.2% of the previous year’s level, due to a 0.4% improvement in gross margin on sales from the previous period.」
Gross margin on sales improved 0.4% from the previous period, and operating gross profit was 101.2% of the previous year’s level. - FY2024-Q1AdvancedAnnual report
「Gross margin on sales improved 0.6% from the same quarter of the previous year, resulting in operating gross profit of 102.8% of the previous year’s level.」
Gross margin on sales improved 0.6% from the same quarter of the previous year, and operating gross profit was 102.8% of the previous year’s level. - FY2020SoftenedAnnual report
「Although the company strengthened its pricing policy, it was affected by higher raw-material and logistics costs, which caused procurement prices to rise, and gross profit margin failed to exceed the previous period’s level.」
Although the company strengthened its pricing policy, gross profit margin failed to exceed the previous period’s level because of the impact of higher procurement prices resulting from rising raw-material and logistics costs. - FY2019AdvancedAnnual report
「As key initiatives, the company reviewed its procurement structure and sought to improve the accuracy of its procurement and sales plans, thereby advancing improvements in gross margin. Gross margin on sales increased 0.3% from the previous year to 28.7%, reflecting an improvement.」
The company advanced its review of the procurement structure and improvements in the accuracy of its procurement and sales plans, and gross margin on sales increased 0.3% from the previous year to 28.7%. - FY2019-Q3RestatedAnnual report
「As key initiatives, the company reviewed its procurement structure and sought to improve the accuracy of its procurement and sales plans, thereby advancing improvements in gross margin.」
The company continues to improve gross margin by reviewing its procurement structure and improving the accuracy of its procurement and sales plans. Gross margin on sales for the cumulative third quarter increased 0.3% from the same quarter of the previous year to 28.5%. - FY2019-Q2AdvancedAnnual report
「Against this backdrop, net sales for the cumulative second quarter of the consolidated fiscal year were 98.9% of the previous year’s level at existing stores, while progress in improving gross margin lifted gross margin on sales 0.4% from the same quarter of the previous year to 28.5%,」
The initiative to improve gross margin produced a measurable result, with gross margin on sales rising 0.4% year on year to 28.5%. - FY2019-Q1First statedAnnual report
「As key initiatives, the company reviewed its procurement structure and sought to improve the accuracy of its procurement and sales plans, thereby advancing improvements in gross margin.」
マルエツ worked to review its procurement structure and improve the accuracy of its procurement and sales plans, while the overall gross margin on sales increased 0.6% from the same quarter of the previous year to 28.6%.