Profit pressure from upfront costs associated with achieving the medium- to long-term management plan
First written in FY2017-Q1. 9 of 16 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2023-Q3.
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- FY2023-Q3SoftenedAnnual report
「Although revenue increased, the impact of persistently high raw material and energy prices, as well as higher selling, general and administrative expenses associated with the resumption of operating activities, resulted in operating profit of ¥4,107 million, down ¥274 million, or 6.3%, year on year.」
The previous increase in personnel expenses and depreciation resulting from upfront investments was not stated explicitly this time. Instead, higher raw material and energy prices and increased selling, general and administrative expenses associated with the resumption of operating activities were cited as factors reducing operating profit. - FY2022-Q3SoftenedAnnual report
「In terms of earnings, the increase in revenue and efforts to reduce costs resulted in operating profit of ¥4,382 million, up ¥2,301 million, or 110.6%, year on year.」
The pressure on earnings from personnel expenses and depreciation associated with upfront investments was not stated explicitly this time. Instead, higher revenue and cost reductions were cited as factors driving the increase in profit. The disclosure does not state that the risk itself has been eliminated. - FY2021-Q3SoftenedAnnual report
「In terms of earnings, the company worked to reduce expenses by suspending business travel and various activities, but operating profit fell to ¥2.08 billion as a result of lower sales, a decrease of ¥688 million, or 24.9%, year on year.」
The previous explanation citing “increases in personnel expenses and depreciation resulting from upfront investments” was not stated explicitly this time. Instead, efforts to reduce expenses by restricting business travel and activities, together with lower revenue, were cited as factors affecting operating profit. - FY2020WorsenedAnnual report
「Operating profit declined due to lower revenue. In addition, the burden of fixed costs, including higher raw material prices and personnel expenses and depreciation resulting from upfront investments, caused operating profit to deteriorate by more than the rate of decline in revenue.」
The burden of fixed costs, including personnel expenses and depreciation associated with upfront investments, combined with lower revenue and higher raw material prices, causing operating profit to deteriorate by more than the rate of decline in revenue. - FY2020-Q3WorsenedAnnual report
「Due to higher raw material prices and increases in personnel expenses and depreciation resulting from upfront investments, operating profit was ¥2,769 million, down ¥2,127 million, or 43.4%, year on year.」
Increases in personnel expenses and depreciation associated with upfront investments continued to appear in the results as factors reducing operating profit, with the year-on-year decline in operating profit widening from 38.4% in the previous quarter to 43.4%. - FY2020-Q2WorsenedAnnual report
「Due to higher raw material prices and increases in personnel expenses and depreciation resulting from upfront investments, operating profit was ¥1,926 million, down ¥1,199 million, or 38.4%, year on year.」
Increases in personnel expenses and depreciation associated with upfront investments continued to appear in the results as factors reducing operating profit, which declined 38.4% year on year. - FY2020-Q1MaterialisedAnnual report
「In terms of earnings, higher raw material prices and increases in personnel expenses and depreciation resulting from upfront investments brought operating profit to ¥970 million, down ¥480 million, or 33.1%, year on year.」
Increases in personnel expenses and depreciation associated with upfront investments, together with higher raw material prices, appeared in the results as factors reducing operating profit by 33.1% year on year. - FY2019MaterialisedAnnual report
「In terms of earnings, despite the burden of upfront costs to achieve the medium- to long-term management plan and higher raw material prices, productivity improvements and other factors resulted in operating profit of ¥5,663 million, an increase of ¥798 million, or 16.4%, from the previous fiscal year.」
The burden of upfront costs to achieve the medium- to long-term management plan continued to be cited as a factor affecting earnings for the full year. Meanwhile, operating profit increased due to productivity improvements and other factors. - FY2019-Q3MaterialisedAnnual report
「In terms of earnings, despite the burden of upfront costs incurred to achieve the medium- to long-term management plan, productivity improvements contributed to operating profit of ¥4.896 billion, an increase of ¥779 million, or 18.9%, year on year.」
The burden of upfront costs to achieve the medium- to long-term management plan continued to exist, while productivity improvements resulted in an increase in operating profit year on year. - FY2018-Q3MaterialisedAnnual report
「In terms of earnings, despite the burden of upfront costs incurred to achieve the medium- to long-term management plan, productivity improvements contributed to operating profit of ¥4.117 billion, an increase of ¥582 million, or 16.5%, year on year.」
The burden of upfront costs to achieve the medium- to long-term management plan continued to exist, while productivity improvements also contributed to an increase in operating profit year on year. - FY2018-Q2MaterialisedAnnual report
「In terms of earnings, despite the burden of upfront costs incurred to achieve the medium-term management plan, productivity improvements contributed to operating profit of ¥2.873 billion, an increase of ¥378 million, or 15.2%, year on year.」
The burden of upfront costs to achieve the medium-term management plan continued to exist, while productivity improvements also contributed to an increase in operating profit year on year. - FY2018-Q1MaterialisedAnnual report
「In terms of earnings, despite the burden of upfront costs to achieve the medium- to long-term management plan, operating profit increased to ¥1,363 million, up ¥149 million, or 12.3%, year on year.」
The burden of upfront costs to achieve the medium- to long-term management plan continued to exist, while operating profit increased year on year. - FY2017MaterialisedAnnual report
「Gross profit was ¥17,569 million, down ¥199 million, or 1.1%, from the previous fiscal year due to upfront costs to achieve the medium- to long-term management plan and foreign exchange effects. Although ongoing productivity improvements had a positive impact, upfront costs to achieve the medium- to long-term plan and foreign exchange effects resulted in operating profit of ¥4,288 million, down ¥310 million, or 6.7%, from the previous fiscal year.」
The upfront costs to achieve the plan appeared in full-year results as factors behind the declines in gross profit and operating profit, together with the impact of foreign exchange. - FY2017-Q3MaterialisedAnnual report
「In terms of earnings, although ongoing productivity improvements had a positive impact, upfront costs to achieve the medium- to long-term management plan and foreign exchange effects resulted in operating profit of ¥3,535 million, down ¥274 million, or 7.2%, year on year.」
The upfront costs to achieve the medium- to long-term management plan continued to appear in actual results as a factor behind the decline in operating profit, together with the impact of foreign exchange. - FY2017-Q2MaterialisedAnnual report
「In terms of earnings, the company benefited from ongoing productivity improvements, but operating profit was also affected by upfront costs incurred to achieve the medium-term management plan and foreign exchange movements. Operating profit was ¥2.495 billion, down ¥28 million, or 1.1%, year on year.」
The upfront costs to achieve the plan continued to appear in actual results as a factor behind the decline in operating profit, together with the impact of foreign exchange. - FY2017-Q1First statedAnnual report
「In terms of earnings, although ongoing productivity improvements had a positive impact, upfront costs to achieve the medium- to long-term management plan resulted in operating profit of ¥1,214 million, down ¥88 million, or 6.8%, year on year.」
The upfront costs to achieve the medium- to long-term management plan were identified for the first time as a factor behind the decline in operating profit, and the pressure on profit was reported to have appeared in actual results.