Increased Cost Burden from Repairs and Other Work on Rental Buildings
First written in FY2024-Q1. 2 of 2 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2025.
Hosoya Pyro-Engineering moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「In particular, during the second half of the fiscal year, we began repairs associated with seismic retrofitting of buildings and renovations to facilities used to burn and dispose of pyrotechnic products, resulting in increases in depreciation and repair expenses.」
The Company began seismic reinforcement work and equipment renovations, resulting in higher repair and depreciation expenses as costs incurred during the current fiscal year. - FY2024-Q1MaterialisedAnnual report
「In terms of earnings, the cost burden increased as the Company continued to invest in improving employees’ working environment and incurred repair costs for buildings used in the rental business, among other expenses, and was unable to secure operating profit.」
Increased costs for repairs and other work on buildings used in the leasing business were identified independently for the first time as a factor behind the ¥1 million operating loss for the current first quarter cumulative period.