Increases in Cost of Sales and Selling, General and Administrative Expenses and Decline in Operating Profit
First written in FY2020-Q2. 6 of 19 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2021: 5 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Net sales for the current consolidated fiscal year were ¥2,533.784 million, up 15.0% from the previous consolidated fiscal year. Cost of sales was ¥1,276.007 million, up 18.1%. Selling, general and administrative expenses were ¥650.586 million, up 2.9%, mainly due to an increase in salaries and allowances. As a result, consolidated operating income was ¥607.190 million, up 23.8%.」
Although cost of sales and SG&A expenses also increased alongside higher sales, operating income increased 23.8% year on year. - FY2026-H1Higher operating income due to higher sales and cost of sales, and lower SG&A expensesAnnual report
「Net sales 1,030,260 1,247,129 Cost of sales 484,601 626,919 Gross profit 545,658 620,209 Selling, general and administrative expenses 317,914 309,914 Operating income 227,744 310,295」
Compared with the same period of the previous year, net sales and cost of sales increased, while selling, general and administrative expenses decreased, resulting in increases in gross profit and operating income. - FY2025Lower operating income due to higher sales, cost of sales, and SG&A expensesAnnual report
「Net sales were ¥2,202.970 million, up 6.3% from the previous consolidated fiscal year. Cost of sales was ¥1,080.256 million, up 10.1%. Selling, general and administrative expenses were ¥632.422 million, up 5.8%, mainly due to an increase in research and development expenses. As a result, consolidated operating income was ¥490.291 million, down 0.6%.」
Although sales increased, operating income decreased due to increases in cost of sales and selling, general and administrative expenses. - FY2025-H1Lower operating income due to higher sales, lower cost of sales, and higher SG&A expensesAnnual report
「Net sales 1,027,284 1,030,260 Cost of sales 490,215 484,601 Gross profit 537,068 545,658 Selling, general and administrative expenses 290,919 317,914 Operating income 246,148 227,744」
Net sales increased year on year and cost of sales decreased, while selling, general and administrative expenses increased, resulting in lower operating income. - FY2025-Q1Lower operating income due to lower sales and cost of sales, and higher SG&A expensesAnnual report
「Net sales 515,541 510,435 Cost of sales 249,703 237,153 Gross profit 265,838 273,281 Selling, general and administrative expenses 146,093 158,028 Operating income 119,744 115,252」
Compared with the same period of the previous year, net sales and cost of sales decreased, while selling, general and administrative expenses increased, resulting in lower operating income. - FY2024-Q3AdvancedAnnual report
「Net sales 1,500,140 1,550,076 Cost of sales 771,515 726,786 Gross profit 728,624 823,290 Selling, general and administrative expenses 408,177 445,843 Operating income 320,447 377,446」
Net sales increased year on year and cost of sales decreased. Although selling, general and administrative expenses increased, gross profit and operating income also increased. - FY2024-Q2AdvancedAnnual report
「Net sales 999,700 1,027,284 Cost of sales 538,296 490,215 Gross profit 461,404 537,068 Selling, general and administrative expenses 260,572 290,919 Operating income 200,831 246,148」
Net sales increased year on year and cost of sales decreased. Although selling, general and administrative expenses increased, gross profit and operating income also increased. - FY2024-Q1AdvancedAnnual report
「Net sales 491,072 515,541 Cost of sales 275,848 249,703 Gross profit 215,223 265,838 Selling, general and administrative expenses 128,291 146,093 Operating income 86,932 119,744」
Net sales increased and cost of sales decreased. Although selling, general and administrative expenses increased, gross profit and operating income also increased. - FY2023-Q3Higher operating income due to lower sales, cost of sales, and SG&A expensesAnnual report
「Net sales 1,594,821 1,500,140 Cost of sales 978,309 771,515 Gross profit 616,512 728,624 Selling, general and administrative expenses 408,525 408,177 Operating income 207,987 320,447」
Compared with the same period of the previous year, net sales decreased, while cost of sales and selling, general and administrative expenses also decreased, resulting in increases in gross profit and operating income. - FY2023-Q2AdvancedAnnual report
「Net sales were ¥999.700 million, down 6.6% from the same quarter of the previous year, while operating income was ¥200.831 million, up 39.9%.」
Despite lower sales, operating income increased 39.9% year on year due to lower cost of sales and SG&A expenses, among other factors. - FY2022AdvancedAnnual report
「Cost of sales was ¥1,282.753 million, down 3.9% year on year. Selling, general and administrative expenses were ¥542.277 million, down 7.1%, as personnel expenses, travel and transportation expenses, and other costs were reduced in response to the stagnation of economic activity caused by the spread of COVID-19, among other factors. As a result, consolidated operating income was ¥282.843 million, up 52.8%.」
The company saw lower cost of sales and selling, general and administrative expenses year on year, resulting in higher operating income. - FY2022-Q2Higher sales and higher operating income due to lower cost of sales and SG&A expensesAnnual report
「Net sales 1,037,980 1,070,887 Cost of sales 665,088 654,550 Gross profit 372,892 416,337 Selling, general and administrative expenses 279,207 272,750 Operating income 93,684 143,587」
Net sales increased and cost of sales and selling, general and administrative expenses decreased year on year, resulting in higher operating income. - FY2022-Q1Lower sales, lower cost of sales and SG&A expenses, and higher operating incomeAnnual report
「Net sales 544,127 539,933 Cost of sales 354,486 328,262 Gross profit 189,641 211,671 Selling, general and administrative expenses 143,420 142,565 Operating income 46,220 69,105」
Compared with the same period of the previous year, net sales, cost of sales, and selling, general and administrative expenses decreased, while gross profit and operating income increased. - FY2021Full-year decline in sales, lower cost of sales and SG&A expenses, and lower operating incomeAnnual report
「Cost of sales was ¥1,334.471 million, down 13.9% year on year. Selling, general and administrative expenses were ¥583.592 million, down 7.3%, mainly because travel and transportation expenses decreased as a result of refraining from business travel and other measures to prevent the spread of COVID-19. As a result, consolidated operating income was ¥185.089 million, down 25.3%.」
For the full year, cost of sales and selling, general and administrative expenses decreased in line with the decline in net sales, while operating income decreased 25.3%. - FY2021-Q3Lower sales, lower cost of sales and SG&A expenses, and lower operating incomeAnnual report
「Net sales 1,823,654 1,568,088 Cost of sales 1,154,491 996,723 Gross profit 669,163 571,364 Selling, general and administrative expenses 479,370 429,910 Operating income 189,793 141,454」
Compared with the same period of the previous year, net sales, cost of sales, selling, general and administrative expenses, gross profit, and operating income all decreased. - FY2021-Q2Lower sales, lower cost of sales and SG&A expenses, and lower operating incomeAnnual report
「Net sales 1,223,438 1,037,980 Cost of sales 770,384 665,088 Gross profit 453,053 372,892 Selling, general and administrative expenses 317,798 279,207 Operating income 135,255 93,684」
Compared with the same period of the previous year, net sales, cost of sales, selling, general and administrative expenses, gross profit, and operating income all decreased. - FY2020Continued decline in operating income due to higher sales and increases in cost of sales and SG&A expensesAnnual report
「Cost of sales was ¥1,549.127 million, up 13.7% year on year, due to system maintenance related to compliance with the reduced consumption tax rate and system security measures, among other factors. Selling, general and administrative expenses were ¥629.889 million, up 3.7%, due to increases in headcount, advertising and publicity expenses, and sales promotion expenses. As a result, consolidated operating income was ¥247.732 million, down 12.9%.」
The full-year results continue to show a decline in operating income despite higher sales, due to increases in cost of sales and SG&A expenses. - FY2020-Q3Continued decline in operating income due to higher sales and increases in cost of sales and SG&A expensesAnnual report
「Net sales 1,655,890 1,823,654 Cost of sales 973,637 1,154,491 Gross profit 682,253 669,163 Selling, general and administrative expenses 439,002 479,370 Operating income 243,250 189,793」
Compared with the same period of the previous year, net sales increased, while cost of sales and selling, general and administrative expenses increased, resulting in decreases in gross profit and operating income. - FY2020-Q2First statedAnnual report
「Net sales 1,075,937 1,223,438 Cost of sales 610,962 770,384 Gross profit 464,974 453,053 Selling, general and administrative expenses 289,269 317,798 Operating income 175,705 135,255」
Compared with the same period of the previous year, net sales increased, while cost of sales and selling, general and administrative expenses increased, resulting in decreases in gross profit and operating income.