Decrease in Operating Profit Due to Higher Retirement Benefit Expenses
First written in FY2018-Q2. 3 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In addition to the effects of higher revenue, improvements in the gross profit margin and decreases in retirement benefit expenses and other items resulted in operating profit of ¥675 million, up 72.6% year on year.」
Retirement benefit expenses and other items are again described as factors reducing expenses, rather than factors increasing expenses and weighing on operating profit. - FY2020-Q3Shift from a factor increasing expenses to a factor reducing expensesAnnual report
「In addition to the effect of higher revenue, improvements in the gross profit margin and decreases in fixed costs, including retirement benefit expenses, resulted in operating profit of ¥648 million, up 81.2% year on year」
Retirement benefit expenses and other items, previously described as factors reducing operating profit, are described this quarter as factors reducing fixed costs. - FY2018RestatedAnnual report
「Increased retirement benefit expenses due to a decline in the discount rate against the backdrop of the Bank of Japan's low interest rate policy, the relocation of the Tokyo office, now the Tokyo head office, to strengthen sales capabilities, and improvements in employee compensation resulted in operating profit of ¥501 million, down 8.6% from the previous consolidated fiscal year」
For the full year as well, the company identifies the increased burden of retirement benefit expenses as one of the factors behind the 8.6% year-on-year decline in operating profit. - FY2018-Q3RestatedAnnual report
「As a result, revenue for the nine-month consolidated period ended in the third quarter increased slightly to ¥17,178 million, up 0.4% year on year, as the decline in revenue from the envelope business was offset by increases in the Mailing Services business and other businesses. In terms of profit and loss, operating profit was ¥483 million, down 16.6% year on year, due to the increased burden of retirement benefit expenses against a backdrop of monetary easing, the relocation of the Tokyo office (Sales Headquarters) to strengthen sales capabilities, improvements in employee compensation and other factors.」
The company continues to identify the increased burden of retirement benefit expenses as one of the factors behind operating profit of ¥483 million, down 16.6% year on year. - FY2018-Q2First statedAnnual report
「In terms of profit and loss, operating profit was ¥555 million, down 12.7% year on year, due to higher retirement benefit expenses and the recording of relocation costs for the Tokyo office (Sales Headquarters), among other factors.」
The company identifies higher retirement benefit expenses as one of the factors behind the 12.7% year-on-year decline in operating profit.