Company-Wide Cost Reduction and Cost-Effective Enrollment Campaigns
First written in FY2020-Q3. 12 of 22 entries say "Advanced", first in FY2020. Latest entry: FY2026.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Overall costs declined as a result of reducing labor costs by promoting the use of part-time instructors, reducing land and rental costs following school relocations and closures, and reducing teaching-materials costs by reviewing order volumes and producing materials in-house.」
The company implemented multiple specific measures to reduce labor costs, rent and lease expenses, and material costs, lowering total operating expenses despite higher costs for school repairs and the Open Academic Ability Test. - FY2026-H1AdvancedAnnual report
「Although advertising expenses including television commercials increased as the “Elementary and Junior High School Open Academic Ability Test,” held in June, was expanded, and costs increased for preparing test questions, processing results and operating summer residential training, as well as depreciation increased following the acquisition of the relocated head-office school facility, operating expenses declined overall compared with the previous interim consolidated accounting period due to lower rent and lease expenses resulting from school relocations and closures.」
Although costs increased from expanding the Open Academic Ability Test, summer residential training and the acquisition of the head-office school facility, total operating expenses were below the prior-year period due to lower rent and lease expenses resulting from school relocations and closures. - FY2025-H1Higher operating expenses due to personnel, advertising and system costs and the resumption of training campsAnnual report
「Operating expenses increased overall due to higher personnel expenses following base-pay increases, higher advertising expenses including television commercials for the “Open Academic Ability Test,” higher maintenance costs following an update to the standardized testing system, and operating fees incurred upon resuming summer residential training, which had been cancelled through the previous fiscal year due to the COVID-19 pandemic.」
Operating expenses increased overall due to base-pay increases, advertising for the Open Academic Ability Test, an update to the standardized testing system and the resumption of summer residential training. - FY2024AdvancedAnnual report
「Although advertising expenses increased due to the costs of website renovations and television commercials for the “Open Academic Ability Test,” operating expenses declined overall through reviews of material order volumes and preparation unit costs, reductions in rent and lease expenses, and lower depreciation following the end of amortization of intangible fixed assets. However, the decline was not sufficient to offset the decrease in revenue.」
The company continued and specified reductions in material costs, rent and lease expenses, and depreciation, lowering operating expenses but failing to offset the decline in revenue. - FY2024-Q3AdvancedAnnual report
「Although advertising expenses increased due to the costs of website renovations and television commercials for the “Open Academic Ability Test,” operating expenses declined overall through reviews of material order volumes and preparation unit costs, reductions in rent and lease expenses, and lower depreciation following the end of amortization of intangible fixed assets. However, the decline was not sufficient to offset the decrease in revenue.」
Although there were factors driving advertising expenses higher, the company reduced total operating expenses through reviews of material order volumes and preparation unit costs, lower rent and lease expenses, and the end of amortization of intangible fixed assets. However, this was not sufficient to offset the decline in revenue. - FY2024-Q2AdvancedAnnual report
「Although utilities expenses increased due to higher electricity prices, operating expenses declined overall due to reductions in material costs through reviews of order volumes and unit prices, lower rent and lease expenses, and lower depreciation resulting from the end of amortization of intangible fixed assets.」
The company lowered total operating expenses despite higher electricity prices through reviews of material order volumes and unit prices, reductions in rent and lease expenses, and lower depreciation following the end of amortization of intangible fixed assets. - FY2024-Q1RestatedAnnual report
「Although utilities expenses increased due to higher electricity prices, operating expenses declined overall as a result of reductions in material costs, office supply expenses and other costs.」
Amid higher utilities expenses due to rising electricity prices, the company continues to reduce total operating expenses by cutting material costs, office supply expenses and other costs. - FY2023AdvancedAnnual report
「Although utilities expenses increased more than expected due to higher electricity prices, the company reduced material costs by cutting the teaching materials distributed for the new fiscal year and reviewing preparation costs, and reduced lease expenses by changing the computers used for viewing lessons to tablets. As a result, operating expenses declined,」
Amid higher utilities expenses due to rising electricity prices, the company reduced material costs and preparation costs by cutting the teaching materials distributed and reviewing preparation expenses, and reduced lease expenses by switching the computers used for viewing lessons to tablets, thereby lowering total operating expenses. - FY2023-Q3RestatedAnnual report
「Although utilities expenses increased due to higher electricity prices, the company reduced material costs by reviewing the types of teaching materials distributed and reduced lease expenses by changing the computers used for viewing lessons to tablets. As a result, total operating expenses declined.」
Despite higher electricity prices, the company continued to reduce material and lease expenses by reviewing the teaching materials distributed and changing the computers used for viewing lessons to tablets, thereby lowering total operating expenses. - FY2023-Q2AdvancedAnnual report
「Although utilities expenses increased due to higher electricity prices, the company reduced material costs by reviewing the teaching materials distributed and reduced lease expenses by changing the computers used for viewing lessons to tablets. As a result, operating expenses declined overall.」
The company reduced material costs by reviewing teaching materials and reduced lease expenses by changing computers used for viewing lessons to tablets, lowering total operating expenses despite higher electricity prices. - FY2023-Q1Overall decline in operating expensesAnnual report
「Although utilities expenses increased due to higher electricity prices, operating expenses declined overall because of reductions in material costs and other expenses, as well as the absence of the office supply expenses incurred in the previous fiscal year for purchasing tablet devices associated with the introduction of the four-skills English preparation app.」
The company explains that although utilities expenses increased due to higher electricity prices, total operating expenses declined because of lower material costs and the absence of tablet purchase costs incurred in the previous fiscal year. - FY2022Lower costs from school closures alongside higher personnel and IT-related expensesAnnual report
「Rent and lease expenses and other costs related to schools closed at the end of the previous fiscal year declined, while personnel expenses increased as the average number of employees during the period rose. In addition, office supply expenses increased due to license fees for the four-skills English preparation app and purchases of tablet devices and school wireless LAN equipment, while maintenance and repair expenses increased due to major repairs at schools.」
While school closures reduced rent and lease expenses, personnel expenses and costs for the four-skills English preparation app, tablets, wireless LAN and major repairs increased, resulting in both cost savings and higher investment and operating expenses. - FY2022-Q3Lower rent and lease expenses alongside higher personnel and IT costsAnnual report
「Rent and lease expenses and other costs related to schools closed at the end of the previous fiscal year declined, while personnel expenses increased as the number of employees rose. In addition, office supply expenses increased due to license fees for the four-skills English preparation app, purchases of tablet devices and the acquisition of wireless LAN equipment at schools.」
While school closures reduced rent and lease expenses, personnel expenses due to the increase in employees and costs related to the four-skills English preparation app, devices and wireless LAN increased, resulting in both cost savings and higher growth and IT investment costs. - FY2022-Q2RestatedAnnual report
「Rent and lease expenses and other costs related to schools closed at the end of the previous fiscal year declined. However, personnel expenses increased as the number of employees rose, and miscellaneous wages for part-time instructors, which had been suppressed in the previous fiscal year due to class cancellations caused by the spread of COVID-19, increased. In addition, office supply expenses increased due to the purchase of tablet devices associated with the introduction of an app for preparing students for all four English skills. As a result, operating expenses increased.」
The company explains that although rent and lease expenses declined following school closures, personnel expenses due to the increase in employees, miscellaneous wages for part-time instructors and device costs for the four-skills English preparation app increased, resulting in higher total operating expenses. - FY2022-Q1School closure benefits alongside higher expensesAnnual report
「Rent and lease expenses and other costs related to schools closed at the end of the previous fiscal year declined. However, personnel expenses increased as the number of employees rose, and miscellaneous wages for part-time instructors, which had been suppressed in the previous fiscal year due to class cancellations caused by the spread of COVID-19, increased. In addition, office supply expenses increased due to the purchase of tablet devices associated with the introduction of an app for preparing students for all four English skills. As a result, operating expenses increased.」
While rent and lease expenses declined following school closures at the end of the previous fiscal year, personnel expenses due to the increase in employees, miscellaneous wages for part-time instructors and device costs for the four-skills English preparation app increased, resulting in higher total operating expenses. - FY2021AdvancedAnnual report
「Although material costs increased due to the preparation of new teaching materials following textbook revisions, fixed costs such as personnel expenses, rent and lease expenses, and utilities declined as a result of closing 15 unprofitable schools at the end of the previous fiscal year. In addition, as there were no signs that the spread of COVID-19 was coming to an end, costs for operating training camps and purchases of new equipment also declined because summer residential training programs and other events were cancelled and capital investment in newly opened schools was curtailed. The company also worked to reduce travel expenses through the use of remote meetings and advertising expenses for course recruitment.」
The company expanded and specified company-wide cost-reduction measures, including closing unprofitable schools, cancelling training camps, curtailing investment in new schools, using remote meetings and reducing advertising expenses, thereby reducing operating expenses. - FY2021-Q3AdvancedAnnual report
「Operating expenses were substantially reduced through lower advertising expenses and reduced travel and transportation expenses following the introduction of online meetings.」
In addition to reducing advertising expenses, the company reduced travel and transportation expenses by introducing online meetings, substantially lowering operating expenses for its other education businesses. - FY2021-Q2AdvancedAnnual report
「Operating expenses increased due to higher instructor salaries and other costs for one-to-one instruction, while the company worked to reduce rent and lease expenses, advertising expenses and other costs.」
Amid declining revenue caused by the COVID-19 pandemic, the company reduced rent and lease expenses and advertising expenses, contributing to an improvement in overall operating income and loss. - FY2020AdvancedAnnual report
「The company also carried out cost-reduction initiatives across the organization throughout the year. It worked to reduce advertising expenses by limiting flyers and other materials used to recruit students for summer, winter and spring courses based on cost-effectiveness, and to reduce rent and lease expenses through negotiations over school rents.」
The company states that it implemented company-wide reductions in advertising expenses by limiting flyers and other materials, and reductions in rent and lease expenses through rent negotiations, resulting in a substantial decline in total operating expenses. - FY2020-Q3First statedAnnual report
「The company also carried out cost-reduction initiatives across the organization. It worked to reduce advertising expenses by limiting flyers and other materials used to recruit students for summer and winter courses based on cost-effectiveness, and to reduce rent and lease expenses through rent negotiations.」
As company-wide cost reductions, the company has for the first time presented as a separate theme specific measures based on cost-effectiveness, including limiting flyers and other materials used to recruit students for summer and winter courses and reducing rent and lease expenses through rent negotiations.