Increase in Fixed Costs Due to Workforce Expansion
First written in FY2020-Q2. 2 of 14 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Full-year increase in salaries and allowancesAnnual report
「Salaries and allowances 611,138 625,329」
Salaries and allowances increased from ¥611.138 million in the previous period to ¥625.329 million. - FY2026-H1Increase in salaries and allowances in the first halfAnnual report
「Salaries and allowances 301,859 322,181」
Salaries and allowances increased from ¥301.859 million in the same period of the previous year to ¥322.181 million in the current interim consolidated accounting period, and personnel costs continued to rise. - FY2025-H1Increase in salaries and allowances in the first halfAnnual report
「Salaries and allowances 252,137 301,859」
Salaries and allowances increased from ¥252 million in the same period of the previous year to ¥302 million in the current interim consolidated accounting period, and personnel costs continued to rise. - FY2024Increase in personnel expensesAnnual report
「Salaries and allowances 494,156 535,500」
Salaries and allowances increased from ¥494 million in the previous period to ¥536 million in the current period, and fixed costs, including personnel costs, continued to rise. - FY2024-Q3Personnel costs continue to riseAnnual report
「In terms of profit, the gross profit margin increased as sales of the relatively high-margin nut runners and hand nut runners remained firm, but operating profit fell 0.7% year on year to ¥1,026 million due to higher personnel costs.」
Higher personnel costs continued to weigh on operating profit, which declined 0.7% year on year. - FY2024-Q2Increase in salaries and allowancesAnnual report
「Salaries and allowances 231,768 252,137」
Salaries and allowances for the six-month period ended 30 September amounted to ¥252.137 million, up from ¥231.768 million in the same period of the previous year. - FY2024-Q1Lower profit margins due to soaring personnel costsAnnual report
「The gross profit margin declined in response to soaring procurement costs and personnel costs,」
Soaring personnel costs, together with higher procurement costs, contributed to the decline in the gross profit margin. - FY2023Increase in personnel expensesAnnual report
「Salaries and allowances 391,992 494,156 Selling, general and administrative expenses increased by ¥1,683 million, or ¥223 million (15.3%), year on year.」
Salaries and allowances increased from ¥392 million in the previous period to ¥494 million, and the increase in fixed costs, including personnel costs, contributed to the 15.3% rise in selling, general and administrative expenses. - FY2023-Q2Profit pressure from higher labor costsAnnual report
「In terms of profit, the gross profit margin edged up as sales of the relatively high-margin nut runners and hand nut runners remained firm, but operating profit fell 7.1% year on year to ¥541 million due to higher personnel costs.」
The gross profit margin edged up as sales of high-margin products remained firm, but higher personnel costs contributed to the 7.1% year-on-year decline in operating profit. - FY2021RestatedAnnual report
「Although fixed costs were reduced by restraining new employee additions and cutting expenses, the fixed ratio increased as a result of the substantial decline in sales.」
The Company also explained for the full year that, although fixed costs were reduced by restraining new employee additions and cutting expenses, the fixed-cost ratio increased because of the substantial decline in sales. - FY2021-Q2Fixed-cost reductions implemented, but fixed-cost ratio increasedAnnual report
「Although fixed costs were reduced by restraining new employee additions and cutting expenses, the fixed-cost ratio increased as a result of the substantial decline in sales.」
Although fixed costs were reduced by restraining new employee additions and cutting expenses, the fixed-cost ratio increased due to the substantial decline in sales. - FY2020AdvancedAnnual report
「Operating margin was broadly in line with the previous year because personnel costs increased year on year as a result of expanding the workforce to meet the substantial growth in sales since the year before last.」
Personnel costs increased year on year as the workforce was expanded to support sales growth, leaving the operating margin broadly in line with the previous year. - FY2020-Q3AdvancedAnnual report
「Although adding employees increased fixed costs, the effects of lower costs for standard products and improved margins on screw-tightening equipment caused each profit figure to exceed the initial forecast, while each profit margin remained broadly in line with the previous year.」
While fixed costs continued to rise due to increased staffing, the Company specifically cited lower costs for standard products and improved margins on screw-tightening equipment as additional benefits, and stated that each profit figure exceeded the initial forecast. - FY2020-Q2First statedAnnual report
「Although fixed costs increased due to increased staffing, the increase in sales and improved margins on screw fastening equipment also contributed, with each profit figure exceeding budget and each profit margin remaining broadly in line with the previous year.」
The Company explained that, despite recognising higher fixed costs associated with expanding the workforce, each profit figure exceeded budget due to higher sales and improved margins on screw-tightening equipment, while each profit margin was broadly in line with the previous year.