Profit pressure from management costs and upfront investments associated with the increase in overseas subsidiaries
First written in FY2020-Q1. 15 of 20 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In terms of profit, profit increased substantially due to restrained selling, general and administrative expenses, gross profit growth from higher staffing-services revenue, and the effect of the reversal of the impairment loss recorded in the same period of the previous year (¥473 million), among other factors.」
In the overseas Working business, restrained selling, general and administrative expenses and higher staffing-services revenue absorbed the pressure on profit from administrative costs, deteriorating market conditions and other factors. Segment profit increased 69.4% year on year. - FY2026-H1MitigatedAnnual report
「In terms of profit, profit increased as the reduction in selling, general and administrative expenses from cost controls exceeded the impact of government subsidy income included in the same period of the previous year.」
In the overseas Working business, although government subsidy income had an impact in the same period of the previous year, the reduction in selling, general and administrative expenses from cost controls exceeded that impact, resulting in higher profit. - FY2025MitigatedAnnual report
「Although the decline in gross profit was offset by the impact of foreign-exchange movements, government subsidy income from Singapore and ongoing cost controls in preparation for a prolonged deterioration in market conditions, profit declined due in part to the recognition of a ¥473 million impairment loss on goodwill related to an Australian consolidated subsidiary.」
In the overseas business, the decline in gross profit and deterioration in market conditions continued, but their impact was offset by foreign-exchange movements, government subsidies and ongoing cost controls. However, profit declined due to goodwill impairment and other factors. - FY2025-H1MitigatedAnnual report
「Although the decline in gross profit was offset by the impact of foreign-exchange movements, government subsidy income from Singapore and phased cost reductions in preparation for a prolonged deterioration in market conditions, profit declined.」
In the overseas Working business, the decline in gross profit and deterioration in market conditions continued, but their impact was offset by foreign-exchange movements, government subsidy income from Singapore and phased cost reductions. Segment profit declined 0.6% year on year. - FY2024MaterialisedAnnual report
「In addition, in terms of profit, profit declined due to lower gross profit resulting from decreased staffing-services revenue and higher personnel expenses and other costs. As a result, the overseas Working business reported external revenue of ¥55,432 million, down 3.7% year on year, and segment profit of ¥1,946 million, down 42.9%.」
In the overseas Working business, lower staffing-services revenue and higher personnel expenses and other costs resulted in lower gross profit for the full year and a 42.9% decline in segment profit. - FY2024-Q3MaterialisedAnnual report
「In terms of profit, profit declined due to lower gross profit resulting from decreased staffing-services revenue and higher personnel expenses and other costs. As a result, the overseas Working business reported external revenue of ¥42,071 million, down 4.3% year on year, and segment profit of ¥1,649 million, down 36.7%.」
In the overseas Working business, lower staffing-services revenue and higher personnel expenses and other costs resulted in lower gross profit and a 36.7% decline in segment profit. - FY2024-Q2MaterialisedAnnual report
「In terms of profit, profit declined due to lower gross profit resulting from decreased staffing-services revenue and higher personnel expenses and other costs. As a result, the overseas Working business reported external revenue of ¥28,440 million, down 4.4% year on year, and segment profit of ¥1,123 million, down 41.3%.」
In the overseas Working business, lower staffing-services revenue and higher personnel expenses and other costs resulted in lower gross profit and a 41.3% decline in segment profit. - FY2023-Q3MitigatedAnnual report
「In terms of profit, despite higher personnel expenses and other costs and a decline in government employment-support subsidy income recorded in Singapore in the same period of the previous year as a COVID-19 measure, profit increased as higher staffing-services revenue drove gross profit growth and the yen depreciated.」
Although higher personnel expenses and lower government subsidies continued, the overseas WORK business increased profit through higher recruitment revenue, expanded gross profit and the weaker yen, absorbing the impact that had pressured profit. - FY2023-Q2MitigatedAnnual report
「In terms of profit, despite higher personnel expenses and other costs and a decline in government employment-support subsidy income recorded in Singapore in the same period of the previous year as a COVID-19 measure, profit increased as higher staffing-services revenue drove gross profit growth and the yen depreciated.」
Although higher personnel expenses and lower government subsidy income continued, the overseas WORK business reported higher profit, supported by increased staffing-services revenue, gross profit growth and yen depreciation. Segment profit increased 14.2% year on year. - FY2023-Q1MitigatedAnnual report
「Although personnel expenses and other costs increased and government subsidies for employment support measures in Singapore in response to COVID-19, recognized in the same quarter of the previous fiscal year, declined, profit increased as recruitment revenue rose, gross profit expanded and the yen weakened. As a result, the overseas WORK business recorded external revenue of ¥14,042 million, up 23.0% year on year, and segment profit of ¥855 million, up 12.6%.」
Although higher personnel expenses and lower government subsidies continued, the overseas WORK business increased profit through higher recruitment revenue, expanded gross profit and the weaker yen, absorbing the impact that had pressured profit. - FY2022-Q3MitigatedAnnual report
「Although personnel expenses and other costs increased, and government subsidies for employment support measures in Singapore in response to COVID-19, recognized in the previous fiscal year, declined, profit increased as recruitment revenue rose and gross profit expanded.」
Although personnel expenses and other costs increased and government subsidies declined, the overseas WORK business recorded higher profit due to increased recruitment revenue and expanded gross profit. - FY2022-Q2MitigatedAnnual report
「Although personnel expenses and other costs increased, and government subsidies for employment support measures in Singapore in response to COVID-19, recognized in the previous fiscal year, declined, profit increased due to higher revenue.」
Although personnel expenses and other costs increased and government subsidies declined, the overseas WORK business absorbed the impact on profit through higher revenue. - FY2022-Q1MitigatedAnnual report
「Although personnel expenses and other costs increased, and government subsidies for employment support measures in Singapore in response to COVID-19, recognized in the previous fiscal year, declined, profit increased due to higher recruitment and staffing revenue.」
Although personnel expenses and other costs increased and government subsidies declined, the overseas WORK business increased profit through higher recruitment and staffing revenue, absorbing the impact that had pressured profit. - FY2021-Q3MitigatedAnnual report
「Although recruitment revenue declined, profit increased due to growth in staffing revenue, a review of fixed costs, and the recognition of government subsidies for employment support measures in Singapore in response to COVID-19.」
Although the decline in recruitment revenue continued, the overseas WORK business increased segment profit by 20.0% year on year through higher staffing revenue, a review of fixed costs and government subsidies, absorbing the impact that had pressured profit. - FY2021-Q2MitigatedAnnual report
「Although recruitment revenue declined, profit increased due to growth in staffing, a review of fixed costs, and the recognition of government subsidies for employment support measures in Singapore in response to COVID-19.」
Although the decline in recruitment revenue at overseas subsidiaries continued, the overseas WORK business recorded segment profit of ¥566 million, up 21.0% year on year, due to growth in staffing, a review of fixed costs and government subsidies. - FY2020-Q3MitigatedAnnual report
「Although management costs at the intermediate holding company increased due to the rise in overseas subsidiaries and recruitment revenue at existing consolidated subsidiaries declined, profit increased as newly consolidated subsidiaries contributed to results.」
Although higher management costs accompanying the increase in overseas subsidiaries and lower recruitment revenue at existing subsidiaries continued, the overseas HR business recorded higher profit as newly consolidated subsidiaries contributed to results, partially absorbing the impact on profit from these risks. - FY2020-Q2MaterialisedAnnual report
「Although newly consolidated subsidiaries contributed to results, profit declined due to higher management costs at the intermediate holding company following the increase in overseas subsidiaries and lower recruitment revenue at existing consolidated subsidiaries. As a result, the overseas HR business recorded revenue of ¥18,374 million, up 51.9% year on year, and segment profit of ¥433 million, down 8.5%.」
Higher management costs at the intermediate holding company accompanying the increase in overseas subsidiaries and lower recruitment revenue at existing subsidiaries continued to pressure profit in the overseas HR business. - FY2020-Q1MaterialisedAnnual report
「Although newly consolidated subsidiaries contributed to results, profit declined due to higher management costs at the intermediate holding company following the increase in overseas subsidiaries and upfront investments by subsidiaries.」
Higher management costs at the intermediate holding company and upfront investments by subsidiaries accompanying the increase in overseas subsidiaries materialized as factors behind lower profit in the overseas HR business.