Improving transaction profitability by reviewing low-margin transactions
First written in FY2021-Q1. 3 of 5 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2022-Q1.
3 other companies' latest entry also says "Restated".
- FY2022-Q1RestatedAnnual report
「The main factors behind the profit increase were continued improvement in the profitability of domestic transactions and raw material prices being lower during the cumulative first quarter than in the same quarter a year earlier, despite a rebound from the previous fiscal year's restraint on expenses due to the spread of COVID-19 and a recent upward trend in raw material prices.」
Improvement in the profitability of domestic transactions was identified, together with raw material prices being lower than in the same period a year earlier, as a factor behind the first-quarter profit increase. - FY2021AdvancedAnnual report
「Operating profit increased by ¥647 million from the previous fiscal year to ¥2,407 million, up 36.7% year on year. The operating margin was 9.3%, up 2.7 percentage points from the same period a year earlier. The main factors were continued improvement in the profitability of domestic transactions, lower expenses resulting from activity restrictions during the COVID-19 pandemic, and raw material prices being lower than in the same period a year earlier, among other factors.」
Continued improvement in the profitability of domestic transactions, together with lower expenses and lower raw material prices, contributed to the increase in operating profit, and the operating margin rose to 9.3%. - FY2021-Q3AdvancedAnnual report
「The main factors behind the revenue decline are as described in the following segment overview. The main factors behind the profit increase were continued improvement in the profitability of domestic transactions, together with lower expenses resulting from activity restrictions during the COVID-19 pandemic.」
The company stated that continued improvement in the profitability of domestic transactions, together with lower expenses resulting from activity restrictions, contributed to the profit increase for the cumulative third quarter. - FY2021-Q2AdvancedAnnual report
「The main factors behind the revenue decline are as described in the following segment overview. The main factors behind the profit increase were growth in overseas revenue, continued improvement in the profitability of domestic transactions, and lower expenses under the state of emergency.」
The company stated that continued improvement in the profitability of domestic transactions, together with growth in overseas revenue and lower expenses, contributed to the profit increase. - FY2021-Q1First statedAnnual report
「The main reason for the decline in revenue was that, although sales increased overseas, particularly in the Americas, and demand related to the COVID-19 pandemic partially offset the volume decline resulting from the review of low-profitability transactions that had been under way in Japan since the fiscal year before last, sales of summer products were sluggish against the backdrop of an unusually long rainy season.」
The company stated that it had been reviewing low-margin transactions in Japan since the fiscal year before last, resulting in lower volumes. It identified this for the first time as a measure to review the transaction portfolio to improve profitability, separate from existing productivity improvements, cost reductions and sales price reviews.