Earnings Pressure From Higher Selling, General and Administrative Expenses
First written in FY2017-Q3. 8 of 11 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2026.
Alinco moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 10 of 32 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Although higher revenue contributed to operating profit, operating profit fell 28.6% below plan to ¥2,212 million because margins failed to improve in the construction equipment-related and rental-related segments due to product mix, higher depreciation expenses and other factors, while procurement costs rose in the housing equipment-related segment because of the weaker yen and progress in expanding production capacity lagged in the electronic equipment-related segment.」
Product mix, depreciation expenses, procurement costs resulting from the weaker yen, and delays in expanding production capacity were cited as factors behind the 28.6% shortfall in operating profit versus plan. - FY2026-H1MaterialisedAnnual report
「Operating profit fell 4.4% to ¥1,256 million and ordinary profit fell 3.6% to ¥1,421 million as selling, general and administrative expenses increased due to higher personnel expenses and other factors.」
Higher selling, general and administrative expenses due to personnel expenses and other factors emerged in the current interim consolidated accounting period as factors behind the 4.4% decline in operating profit and the 3.6% decline in ordinary profit. - FY2022-Q2MitigatedAnnual report
「Selling, general and administrative expenses ¥6,319.366 million ¥6,161.557 million」
Selling, general and administrative expenses decreased from ¥6,319.366 million in the same period of the previous year to ¥6,161.557 million, and the previous pressure on earnings from higher SG&A expenses was not evident in the current quarter. - FY2021WorsenedAnnual report
「Selling, general and administrative expenses ¥12,045.929 million ¥12,475.114 million」
Selling, general and administrative expenses increased from ¥12,045.929 million to ¥12,475.114 million, continuing to weigh on operating profit amid lower revenue. - FY2021-Q3WorsenedAnnual report
「Selling, general and administrative expenses 9,033,595 9,447,029」
Selling, general and administrative expenses increased from ¥9,033.595 million in the same period of the previous year to ¥9,447.029 million, and continued to weigh on earnings alongside the 33.9% year-on-year decline in operating profit. - FY2021-Q2MaterialisedAnnual report
「Selling, general and administrative expenses 5,986,509 6,319,366」
Selling, general and administrative expenses increased from ¥5,986.509 million in the same period of the previous year to ¥6,319.366 million, emerging as one factor behind the situation in which operating profit fell 51.7% year on year. - FY2018MaterialisedAnnual report
「In terms of earnings, gross profit increased 7.3% from the previous fiscal year to ¥13,685 million, owing to solid performance in the construction equipment and rental-related businesses and contributions from a newly consolidated subsidiary. Operating profit, however, fell 6.7% to ¥2,717 million due to higher logistics costs, personnel expenses and other factors.」
Higher costs equivalent to selling, general and administrative expenses, including logistics costs and personnel expenses, emerged in the full-year results as a factor reducing operating profit by 6.7% from the previous fiscal year despite higher gross profit. - FY2018-Q3MaterialisedAnnual report
「In terms of earnings, gross profit increased 8.0% year on year to ¥10,635 million, owing to solid performance in the construction equipment and rental-related businesses and contributions from a newly consolidated subsidiary. Operating profit, however, fell 7.8% year on year to ¥2,337 million due to higher personnel expenses and other selling, general and administrative expenses.」
Higher personnel expenses and other selling, general and administrative expenses emerged in the cumulative third-quarter results as factors reducing operating profit by 7.8% year on year. - FY2018-Q2MaterialisedAnnual report
「Operating profit fell 6.0% year on year to ¥1,445 million due to higher personnel expenses and expenses related to system upgrades, among other factors.」
Higher personnel expenses and expenses related to system upgrades emerged as factors reducing operating profit by 6.0% year on year in the cumulative second-quarter results. - FY2017MaterialisedAnnual report
「Operating profit fell 8.6% from the previous fiscal year to ¥2,913 million. Although revenue remained firm, operating profit declined due to higher selling, general and administrative expenses.」
Higher selling, general and administrative expenses emerged in the full-year results as a factor reducing operating profit by 8.6% from the previous fiscal year despite higher revenue. - FY2017-Q3MaterialisedAnnual report
「Operating income declined 9.1% year on year to ¥2,534 million and ordinary income declined 28.6% to ¥2,392 million due to higher selling, general and administrative expenses.」
Higher selling, general and administrative expenses emerged as a factor reducing operating and ordinary income in the nine months ended the third quarter.