Cost reductions and temporary furloughs under restrictions on business activities
First written in FY2021-Q3. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Selling, general and administrative expenses decreased by ¥1,221 million from the previous consolidated fiscal year to ¥12,204 million, mainly because the Company worked to reduce costs, including by addressing restrictions on business activities caused by the spread of COVID-19 and reducing personnel expenses.」
Cost reductions and personnel expense reductions under restrictions on business activities resulted in a ¥1,221 million decrease in full-year selling, general and administrative expenses. The Company also recorded temporary furlough costs of ¥194 million. - FY2021-Q3First statedAnnual report
「The Company worked to reduce costs amid restrictions on business activities, but due to the impact of lower revenue and reduced production, among other factors, it posted an operating loss of ¥889 million, compared with operating income of ¥1,156 million in the same period of the previous year.」
The Company pursued cost reductions under restrictions on business activities, recording an employment adjustment subsidy of ¥278 million and temporary furlough costs of ¥193 million in its results.