Company-wide Cost Reduction and Fixed-Cost Compression in Response to COVID-19
First written in FY2021-Q1. 4 of 7 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2022: 1 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「In both the domestic and overseas store operations businesses, we implemented various measures to reduce expenses and improve management efficiency, including controlling store staff schedules, introducing mobile ordering, simplifying head-office functions and reviewing business processes.」
The company gave concrete form to company-wide fixed-cost and expense-reduction measures in its domestic and overseas store operations businesses, resulting in a profit of ¥623 million in the domestic store operations business and ¥1,489 million in the overseas store operations business. - FY2022AdvancedAnnual report
「In both the domestic and overseas store operations businesses, we implemented various measures to reduce expenses and improve management efficiency, including controlling store staff schedules, introducing mobile ordering, simplifying head-office functions and reviewing business processes.」
The company implemented store shift optimization, mobile ordering, simplification of head-office functions and a review of business processes, giving concrete form to and continuing the cost-reduction measures from the previous fiscal year. - FY2022-Q3AdvancedAnnual report
「While reviewing all costs and implementing cost reductions, including improving store profitability through more efficient store operations, reducing head-office costs and negotiating rent reductions,」
The company continues to implement company-wide cost-reduction measures, including improving store profitability, reducing head-office costs and negotiating rent reductions. - FY2022-Q2AdvancedAnnual report
「The company reported a profit of ¥245 million, compared with a loss of ¥514 million in the same quarter of the previous year, following various cost-reduction measures implemented in the previous fiscal year, including the computerization of store operations and management functions and the closure of unprofitable stores.」
The disclosure states that the domestic store operations business turned to a profit of ¥245 million as a result of measures implemented in the previous fiscal year, including the computerization of store operations and management functions and the closure of unprofitable stores. - FY2022-Q1RestatedAnnual report
「While reviewing all costs and implementing cost reductions, including improving store profitability through more efficient store operations, reducing head-office costs and negotiating rent reductions,」
The company continues to implement company-wide cost-reduction measures, including improving store profitability, reducing head-office costs and negotiating rent reductions. - FY2021-Q2RestatedAnnual report
「Against this backdrop, our group has reviewed all costs, including improving store profitability through more efficient store operations, reducing head-office costs and negotiating rent reductions, and is working to minimize expenditures.」
The company continues to implement company-wide expenditure-control measures, including improving store profitability, reducing head-office costs and negotiating rent reductions. - FY2021-Q1First statedAnnual report
「Against this backdrop, our group has reviewed all costs, including improving store profitability through more efficient store operations, reducing head-office costs and negotiating rent reductions, and is working to minimize expenditures.」
To address the deterioration in performance caused by the infectious disease, the company presented comprehensive expenditure-control measures for the first time, including improving store profitability, reducing head-office costs and negotiating rent reductions.