Profit pressure from higher personnel expenses associated with proactive investment
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2017: 6 of 20 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「Due to sharply higher raw material and electricity costs, as well as higher freight costs and increased personnel expenses associated with active investment in new businesses, among other factors affecting selling, general and administrative expenses, operating income was ¥50.362 million, down ¥59.920 million year on year; ordinary income was ¥59.197 million, down ¥85.140 million; and quarterly net income attributable to owners of the parent was ¥44.554 million, down ¥81.448 million.」
Increased personnel expenses associated with active investment in new businesses continue to be cited as a factor behind the decline in profit. - FY2022-Q1First statedAnnual report
「Due to the impact of higher freight costs and increased personnel expenses associated with active investment, among other factors affecting selling, general and administrative expenses, the Company recorded an ordinary loss of ¥15.040 million, down ¥18.013 million year on year, and a quarterly net loss attributable to owners of the parent of ¥25.418 million, down ¥29.344 million year on year.」
The Company identifies, for the first time, increased personnel expenses associated with active investment as a factor behind the ordinary loss and quarterly net loss attributable to owners of the parent.