Increase in fixed costs due to upfront investment in preparation for business expansion
First written in FY2019-Q1. 3 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2017: 2 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「Partly due to the effects of cost reductions and other measures, operating profit was ¥491 million, an increase of ¥182 million (59.3%) year on year.」
The increase in fixed costs from upfront investments, which had repeatedly been listed through the previous fiscal year as a factor behind the decline in operating profit, was not listed as an independent factor in the current fiscal year's full-year results analysis. - FY2020-Q1RestatedAnnual report
「On the earnings side, despite company-wide efforts to improve productivity and pursue continuous cost reductions, the burden of fixed costs, including labor costs and depreciation expense, resulting from upfront investments in personnel resources and capacity expansion affected results,」
The burden of fixed costs, including labor costs and depreciation expense, resulting from upfront investments in research and development, personnel resources and capacity expansion continues to be described as a factor behind the decline in operating profit. - FY2019-Q3RestatedAnnual report
「On the earnings side, despite company-wide efforts to improve productivity and pursue continuous cost reductions, operating profit was ¥116 million, a year-on-year decrease of ¥246 million (67.9%), due to increased fixed costs, including labor costs and depreciation expense, resulting from upfront investments in research and development, personnel resources and capacity expansion in preparation for future business expansion.」
Increased fixed costs, including labor costs and depreciation expense, resulting from upfront investments in research and development, personnel resources and capacity expansion continue to be described as factors behind the decline in operating profit. - FY2019-Q2RestatedAnnual report
「On the earnings side, despite company-wide efforts to improve productivity and reduce costs, operating profit was ¥92 million, a year-on-year decrease of ¥183 million (66.4%), due to increased fixed costs, including labor costs and depreciation expense, resulting from upfront investments in research and development, personnel resources and capacity expansion in preparation for future business expansion.」
Increased fixed costs, including labor costs and depreciation expense, resulting from upfront investments in research and development, personnel resources and capacity expansion continue to be described as factors behind the decline in operating profit. - FY2019-Q1First statedAnnual report
「Operating income was ¥71 million, a decrease of ¥111 million, or 61.1%, year on year, due to higher fixed costs, including labor costs and depreciation resulting from upfront investments in R&D, personnel and equipment expansion in preparation for future business development.」
The Company explains that fixed costs, including labor costs and depreciation expense, increased due to upfront investments in research and development, personnel resources and capacity expansion in preparation for future business expansion.