Profit Improvement Through Cost and Expense Reductions
First written in FY2016. 16 of 35 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
- FY2026Profit growth despite lower cost of sales and higher SG&A expensesAnnual report
「Cost of sales was ¥5,077 million, down 4.0% from the previous fiscal year, while selling, general and administrative expenses were ¥2,348 million, up 8.7%. This was mainly because a ¥127 million favorable actuarial difference related to prepaid pension costs was recognized in a lump sum in the first quarter of the previous fiscal year, while a ¥43 million unfavorable actuarial difference was recognized in a lump sum in the first quarter of the current fiscal year, resulting in a total increase of ¥170 million. As a result, operating income was ¥2,457 million, up 16.7%; ordinary income was ¥2,507 million, up 16.5%; and net income was ¥1,751 million, up 13.0%.」
Cost of sales declined, while selling, general and administrative expenses increased due to the recognition of an unfavorable pension actuarial difference, and operating income, ordinary income and net income all exceeded the previous year. - FY2026-H1Higher SG&A expenses and lower profit due to pension actuarial difference accountingAnnual report
「In terms of income and expenses, cost of sales was ¥2,250 million, down 6.5% year on year, while selling, general and administrative expenses were ¥1,170 million, up 24.0%. This was mainly because a ¥127 million favorable actuarial difference related to prepaid pension costs was recognized in a lump sum in the first quarter of the previous fiscal year, while a ¥43 million unfavorable actuarial difference was recognized in a lump sum in the first quarter of the current fiscal year, resulting in a total increase of ¥170 million. As a result, operating income was ¥791 million, down 11.1% year on year; ordinary income was ¥817 million, down 11.1%; and interim net income was ¥555 million, down 11.2%.」
Although cost of sales declined, selling, general and administrative expenses increased 24.0% due to the one-time recognition of the actuarial difference related to prepaid pension costs, and operating income, ordinary income and interim net income all fell below the previous year’s level. - FY2025Maintained high profit levels due to lower SG&A expensesAnnual report
「Cost of sales was ¥5,289 million, up 2.4% from the previous fiscal year, while selling, general and administrative expenses were ¥2,160 million, down 7.1%. As a result, operating income was ¥2,105 million, down 1.0%; ordinary income was ¥2,152 million, up 0.1%; and net income was ¥1,550 million, up 0.7%.」
Net sales declined 0.7% and cost of sales increased, while selling, general and administrative expenses declined 7.1%, resulting in a slight decrease in operating income and slight increases in ordinary income and net income. - FY2025-H1AdvancedAnnual report
「Cost of sales was ¥2,407 million, up 6.2% year on year. Selling, general and administrative expenses were ¥943 million, down 13.7%, due to the one-time recognition of a ¥127 million favorable actuarial difference related to prepaid pension costs. As a result, operating income was ¥890 million, up 10.9% year on year; ordinary income was ¥919 million, up 11.8%; and interim net income was ¥625 million, up 14.5%.」
Although cost of sales increased, selling, general and administrative expenses declined due to the one-time recognition of the favorable actuarial difference related to prepaid pension costs, and operating income, ordinary income and interim net income all exceeded the previous year. - FY2024Significant profit improvement driven by higher sales, with expenses increasingAnnual report
「Cost of sales was ¥5,167 million, up 17.9% from the previous fiscal year, while selling, general and administrative expenses were ¥2,326 million, up 7.2%. As a result, operating income was ¥2,128 million, up 120.6%; ordinary income was ¥2,151 million, up 115.3%; and net income was ¥1,539 million, up 124.7%.」
Although cost of sales and selling, general and administrative expenses also increased as net sales rose, operating income, ordinary income and net income all significantly exceeded the previous year. The results are described as profit improvement accompanying higher sales rather than cost reductions or expense cuts. - FY2024-Q3AdvancedAnnual report
「Cost of sales was ¥3,692 million, up 18.7% year on year, while selling, general and administrative expenses were ¥1,675 million, up 7.9%. As a result, operating income was ¥1,631 million, up 147.4% year on year; ordinary income was ¥1,664 million, up 142.2%; and quarterly net income was ¥1,122 million, up 123.9%.」
Although cost of sales and selling, general and administrative expenses increased, operating income, ordinary income and quarterly net income all significantly exceeded the previous year. - FY2024-Q2Significant profit improvement driven by higher sales, with expenses increasingAnnual report
「Cost of sales was ¥2,267 million, up 16.7% year on year, while selling, general and administrative expenses were ¥1,093 million, up 6.5%. As a result, operating income was ¥803 million, up 273.9% year on year; ordinary income was ¥822 million, up 255.9%; and quarterly net income was ¥545 million, up 180.3%.」
Although cost of sales and selling, general and administrative expenses also increased as net sales rose, operating income, ordinary income and quarterly net income all significantly exceeded the previous year. The results are described as profit improvement accompanying higher sales rather than cost reductions or expense cuts. - FY2024-Q1Significant profit improvement driven by higher sales, with expenses increasingAnnual report
「Cost of sales was ¥1,172 million, up 27.1% year on year, while selling, general and administrative expenses were ¥537 million, up 3.8%. As a result, operating income was ¥445 million, up 111.9% year on year; ordinary income was ¥459 million, up 108.4%; and quarterly net income was ¥298 million, up 56.0%.」
Although cost of sales and selling, general and administrative expenses also increased as net sales rose, operating income, ordinary income and quarterly net income all significantly exceeded the previous year. The results are described as profit improvement accompanying higher sales rather than improvement from cost reductions or expense cuts. - FY2023-Q3AdvancedAnnual report
「In terms of income and expenses, cost of sales was ¥3,110 million, down 18.8% year on year, and selling, general and administrative expenses were ¥1,552 million, down 5.5%. As a result, operating income was ¥659 million, compared with an operating loss of ¥258 million in the same quarter of the previous year; ordinary income was ¥686 million, compared with an ordinary loss of ¥251 million; and quarterly net income was ¥501 million, due to the recognition of ¥65 million in actuarial difference amortization gains related to retirement benefits as extraordinary income, compared with quarterly net income of ¥3 million in the same quarter of the previous year.」
Cost of sales and selling, general and administrative expenses declined, and operating and ordinary income turned from losses in the same quarter of the previous year into profits. Progress in profit improvement through cost reductions and expense cuts is confirmed heading into the full year. - FY2023-Q2AdvancedAnnual report
「Cost of sales was ¥1,942 million, down 21.0% year on year, while selling, general and administrative expenses were ¥1,027 million, down 4.2%. As a result, operating income was ¥214 million, compared with an operating loss of ¥174 million in the same quarter of the previous year, and ordinary income was ¥231 million, compared with an ordinary loss of ¥169 million.」
Cost of sales and selling, general and administrative expenses declined, and operating and ordinary income turned from losses in the previous year’s quarter into profits. Profit improvement through cost reductions and expense cuts is progressing. - FY2023-Q1AdvancedAnnual report
「In terms of income and expenses, cost of sales was ¥922 million, down 18.4% year on year, and selling, general and administrative expenses were ¥517 million, down 4.2%. As a result, operating income was ¥210 million, compared with an operating loss of ¥104 million in the same quarter of the previous year; ordinary income was ¥220 million, compared with an ordinary loss of ¥98 million; and quarterly net income was ¥191 million, up 61.0% year on year.」
Cost of sales and selling, general and administrative expenses were lower than in the previous year’s quarter, and operating and ordinary income turned from losses into profits. - FY2022Operating income remained positive, but profit declined significantlyAnnual report
「As net sales declined, cost of sales was ¥5,299 million, down 3.4% from the previous fiscal year. Due to higher research and development expenses, selling, general and administrative expenses were ¥2,150 million, up 18.3%. As a result, operating income was ¥118 million, down 71.2%; ordinary income was ¥123 million, down 70.8%; and net income was ¥295 million, down 5.3%.」
Cost of sales declined, while SG&A expenses increased 18.3% due to higher research and development expenses. Operating income and ordinary income remained positive, but declined 71.2% and 70.8%, respectively. - FY2022-Q3Operating losses continued due to lower sales and higher SG&A expensesAnnual report
「Cost of sales was ¥3,831 million, down 2.9% year on year, while selling, general and administrative expenses were ¥1,643 million, up 24.4% due to an increase in temporary testing, research and development expenses. As a result, the company recorded an operating loss of ¥258 million, compared with operating income of ¥382 million in the same quarter of the previous year, and an ordinary loss of ¥251 million, compared with ordinary income of ¥392 million.」
Cost of sales declined, while SG&A expenses increased 24.4% due to higher testing, research and development expenses, and operating and ordinary losses continued. - FY2022-Q2Operating losses continued due to lower sales and higher SG&A expensesAnnual report
「Cost of sales was ¥2,457 million, down 6.3% year on year, while selling, general and administrative expenses were ¥1,072 million, up 24.3%. As a result, the company recorded an operating loss of ¥174 million, compared with operating income of ¥258 million in the same quarter of the previous year, and an ordinary loss of ¥169 million, compared with ordinary income of ¥265 million.」
Cost of sales declined, while selling, general and administrative expenses increased 24.3%, resulting in operating and ordinary losses. The company turned from operating and ordinary income in the previous year’s quarter into losses. - FY2022-Q1Return to an operating loss due to lower sales and higher SG&A expensesAnnual report
「Cost of sales was ¥1,130 million, down 10.6% year on year, while selling, general and administrative expenses were ¥540 million, up 28.3%. As a result, the company recorded an operating loss of ¥104 million, compared with operating income of ¥192 million in the same quarter of the previous year, and an ordinary loss of ¥98 million, compared with ordinary income of ¥194 million.」
Although cost of sales declined, selling, general and administrative expenses increased 28.3%, and operating income and ordinary income turned from profits in the previous year’s quarter into losses. - FY2021Profit decline due to higher expensesAnnual report
「As net sales increased, cost of sales was ¥5,484 million, up 3.6% from the previous fiscal year. Due to higher research and development expenses, selling, general and administrative expenses were ¥1,818 million, up 5.9%. As a result, operating income was ¥412 million, down 27.4%; ordinary income was ¥423 million, down 26.9%; and net income was ¥312 million, down 21.0%.」
Although net sales increased, cost of sales and selling, general and administrative expenses also increased, causing operating income, ordinary income and net income all to decline. - FY2021-Q3AdvancedAnnual report
「As net sales increased, cost of sales was ¥3,947 million, up 3.6% year on year, and selling, general and administrative expenses were ¥1,321 million, up 2.6%. As a result, operating income was ¥382 million, up 17.1% year on year; ordinary income was ¥392 million, up 15.6%; and quarterly net income was ¥254 million, up 10.7%.」
Expenses also increased as net sales rose, but operating income, ordinary income and quarterly net income all exceeded the previous year. - FY2021-Q2Significant profit improvement driven by higher salesAnnual report
「Cost of sales was ¥2,623 million, up 0.9% year on year, while selling, general and administrative expenses were ¥863 million, up 0.7%. As a result, operating income was ¥258 million, up 201.8% year on year; ordinary income was ¥265 million, up 196.5%; and quarterly net income was ¥172 million, up 167.0%.」
Costs and selling, general and administrative expenses rose slightly, while operating income, ordinary income and quarterly net income significantly exceeded the previous year as net sales increased. The results are described as profit improvement accompanying higher sales rather than improvement from cost reductions or expense cuts. - FY2021-Q1AdvancedAnnual report
「Cost of sales was ¥1,265 million, up 8.3% year on year, while selling, general and administrative expenses were ¥421 million, down 2.4%. As a result, operating income was ¥192 million, up 150.7% year on year; ordinary income was ¥194 million, up 134.8%; and quarterly net income was ¥125 million, up 147.1%.」
Cost of sales increased as net sales rose, while selling, general and administrative expenses declined, and operating income, ordinary income and quarterly net income all significantly exceeded the previous year. - FY2020-Q3Profit improvement driven by higher sales, with expenses rising slightlyAnnual report
「As net sales increased, cost of sales was ¥3,809 million, up 3.7% year on year, and selling, general and administrative expenses were ¥1,287 million, up 0.2%. As a result, operating income was ¥326 million, up 61.7% year on year; ordinary income was ¥339 million, up 57.3%; and quarterly net income was ¥229 million, up 91.7%.」
Rather than cost reductions or expense cuts, operating income, ordinary income and quarterly net income all exceeded the previous year as higher net sales drove slight increases in cost of sales and selling, general and administrative expenses. - FY2020-Q2AdvancedAnnual report
「Cost of sales was ¥2,601 million, up 11.1% year on year, while selling, general and administrative expenses were ¥857 million, up 0.1%. As a result, operating income was ¥85 million, compared with an operating loss of ¥49 million in the same quarter of the previous year; ordinary income was ¥89 million, compared with an ordinary loss of ¥41 million; and quarterly net income was ¥64 million, compared with a quarterly net loss of ¥38 million.」
Net sales increased 12.5% year on year, and operating income, ordinary income and quarterly net income all turned from losses into profits while cost of sales and selling, general and administrative expenses increased or rose only slightly. - FY2020-Q1Profit improvement driven by higher sales, with expenses increasingAnnual report
「Cost of sales was ¥1,169 million, up 19.2% year on year, while selling, general and administrative expenses were ¥431 million, up 1.1%. As a result, operating income was ¥76 million, up 175.1% year on year; ordinary income was ¥82 million, up 156.1%; and quarterly net income was ¥50 million, up 165.5%.」
Rather than improvement from cost reductions or expense cuts, operating income and other profit figures exceeded the previous year as higher net sales drove increases in cost of sales and selling, general and administrative expenses. - FY2019AdvancedAnnual report
「Selling, general and administrative expenses declined by ¥201 million, or 10.3%, from the previous fiscal year due to lower personnel expenses. As a result, operating income was ¥461 million, up 58.3%; ordinary income was ¥473 million, up 59.4%; and net income was ¥317 million, up 45.8%.」
Due to the 10.3% decline in selling, general and administrative expenses, operating income, ordinary income and net income exceeded the previous year while net sales were broadly unchanged. - FY2019-Q3AdvancedAnnual report
「In terms of income and expenses, efforts to reduce costs resulted in cost of sales of ¥3,671 million, down 1.1% year on year, and selling, general and administrative expenses of ¥1,285 million, down 11.7%. As a result, although net sales declined, operating income was ¥201 million, up 102.9% year on year; ordinary income was ¥215 million, up 97.5%; and quarterly net income was ¥119 million, up 77.3%.」
In addition to lower costs, selling, general and administrative expenses also declined, and operating income, ordinary income and quarterly net income exceeded the previous year despite the decrease in net sales. - FY2019-Q2AdvancedAnnual report
「In terms of income and expenses, efforts to reduce costs resulted in cost of sales of ¥2,342 million, down 0.7% year on year, and selling, general and administrative expenses of ¥856 million, down 8.6%. However, due to the decline in net sales, the company recorded an operating loss of ¥49 million, compared with an operating loss of ¥72 million in the same quarter of the previous year; an ordinary loss of ¥41 million, compared with an ordinary loss of ¥69 million; and a quarterly net loss of ¥38 million, compared with a quarterly net loss of ¥58 million.」
Cost reductions and cuts in selling, general and administrative expenses progressed. Although losses continued, operating loss, ordinary loss and quarterly net loss all narrowed from the previous year. - FY2019-Q1AdvancedAnnual report
「In terms of income and expenses, efforts to reduce costs resulted in cost of sales of ¥980 million, down 18.4% year on year, and selling, general and administrative expenses of ¥426 million, down 9.8%. As a result, although net sales declined, operating income was ¥27 million, up 3.7% year on year; ordinary income was ¥32 million, up 4.2%; and quarterly net income was ¥19 million, up 18.8%.」
Although net sales declined 15.7% year on year, operating income, ordinary income and quarterly net income all exceeded the previous year’s level due to cost reductions and lower selling, general and administrative expenses. - FY2018Profit declined significantly despite lower costsAnnual report
「Cost of sales was ¥5,137 million, down 14.5%, while selling, general and administrative expenses were ¥1,960 million, up 0.8%. As a result, operating income was ¥291 million, down 72.6%; ordinary income was ¥297 million, down 72.1%; and net income was ¥217 million, down 68.3%.」
Although cost of sales declined, operating income, ordinary income and net income all declined significantly due to the decrease in net sales. - FY2018-Q3Operating income returned to the black, but profit declined significantlyAnnual report
「Cost of sales was ¥3,714 million, down 15.4% year on year, while selling, general and administrative expenses were ¥1,455 million, up 1.0%. As a result, operating income was ¥99 million, down 86.1% year on year; ordinary income was ¥109 million, down 85.0%; and quarterly net income was ¥67 million, down 86.1%.」
Cost of sales declined and operating income returned to the black, but operating income, ordinary income and quarterly net income all declined significantly year on year. - FY2018-Q2Operating loss despite continued cost reductionsAnnual report
「Cost of sales was ¥2,358 million, down 20.4% year on year, while selling, general and administrative expenses were ¥936 million, up 1.5%. However, due to the decline in net sales, the company recorded an operating loss of ¥72 million, compared with operating income of ¥522 million in the same quarter of the previous year; an ordinary loss of ¥69 million, compared with ordinary income of ¥524 million; and a quarterly net loss of ¥58 million, compared with quarterly net income of ¥352 million.」
Although cost of sales declined, operating income, ordinary income and quarterly net income turned into losses due to the decrease in net sales. The company shifted from its previous track record of improving profit through cost reductions to a situation involving a return to the red. - FY2018-Q1Profit declined significantly despite continued cost reductionsAnnual report
「In terms of income and expenses, efforts to reduce costs resulted in cost of sales of ¥1,201 million, down 11.1% year on year, and selling, general and administrative expenses of ¥472 million, up 2.3%. However, due to the decline in net sales, operating income was ¥26 million, down 93.4% year on year; ordinary income was ¥30 million, down 92.5%; and quarterly net income was ¥16 million, down 94.2%.」
Cost reductions continued, but operating income, ordinary income and quarterly net income all declined significantly year on year due to the decrease in net sales. - FY2017AdvancedAnnual report
「In terms of income and expenses, efforts to reduce costs and expenses resulted in operating income of ¥1,062 million, up 48.3% from the previous fiscal year; ordinary income of ¥1,065 million, up 50.9%; and net income of ¥686 million, up 45.4%.」
The company continued to reduce costs and expenses, and operating income, ordinary income and net income for the full year exceeded the previous year. - FY2017-Q3AdvancedAnnual report
「In terms of income and expenses, efforts to reduce costs and expenses resulted in operating income of ¥717 million, up 33.0% year on year; ordinary income of ¥726 million, up 34.9%; and quarterly net income of ¥487 million, up 35.2%.」
Due to continued cost reductions and expense cuts, operating income, ordinary income and quarterly net income for the cumulative third quarter increased year on year. - FY2017-Q2AdvancedAnnual report
「Regarding profit and loss, as a result of efforts to reduce costs and expenses, operating income was ¥522 million, up 67.4% year on year, ordinary income was ¥524 million, up 68.9%, and net income for the quarter was ¥352 million, up 68.6%.」
Due to continued cost reductions and expense cuts, operating income, ordinary income and quarterly net income for the cumulative second quarter increased significantly year on year. - FY2017-Q1AdvancedAnnual report
「Regarding profit and loss, as a result of efforts to reduce costs and expenses, operating income was ¥407 million, up 69.8% year on year, ordinary income was ¥411 million, up 70.4%, and net income for the quarter was ¥277 million, up 62.8%.」
Continued cost reductions and expense cuts resulted in substantial year-on-year increases in operating income, ordinary income and net income for the first quarter of the current fiscal year. - FY2016First statedAnnual report
「Regarding profit and loss, as a result of efforts to reduce costs and expenses, operating income was ¥716 million, up 29.1% from the previous fiscal year, ordinary income was ¥706 million, up 26.9%, and net income was ¥472 million, up 36.2%.」
The company reports that operating income, ordinary income and net income increased through cost reductions and expense cuts, despite a decline in revenue.