Improving profitability through cost reduction
First written in FY2018-Q1. 15 of 27 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
- FY2026Efficiency improvements and procurement reviews continued, but SG&A expenses increasedAnnual report
「Even under these conditions, we took feasible measures and worked to mitigate the impact, including strengthening product offerings for North America, Oceania and Asia, improving the efficiency of the product creation process and continuing to review procurement terms.」
While the company improved the efficiency of the product creation process and reviewed procurement terms, selling, general and administrative expenses increased from the previous fiscal year to ¥1,180.558 million due to investment in advertising and personnel expenses. - FY2026-H1AdvancedAnnual report
「The company worked to improve profitability by streamlining the product development process and reviewing procurement terms.」
In addition to controlling selling, general and administrative expenses, the company implemented specific measures to improve profitability, including streamlining the product development process and reviewing procurement terms. - FY2025RestatedAnnual report
「Going forward, the company will continue to control costs so that selling, general and administrative expenses are commensurate with revenue.」
The company continues to reduce advertising and promotional expenses and commissions, compress fixed costs by downsizing its locations, and manage expenses in line with revenue. Selling, general and administrative expenses were ¥1,020.817 million. - FY2025-H1RestatedAnnual report
「To address this situation, the Group optimized costs by reviewing selling, general and administrative expenses and concentrated management resources on selling overseas travel products, its source of earnings.」
The company continues to review selling, general and administrative expenses and optimize costs. Selling, general and administrative expenses for the current interim consolidated period were ¥486,176 thousand, including ¥67,604 thousand in advertising and promotional expenses. - FY2024RestatedAnnual report
「Since the fiscal year ending March 2021, when the global spread of COVID-19 became apparent, the company has reviewed selling, general and administrative expenses. In addition to reducing advertising and promotional expenses and fees paid, it has compressed fixed costs through a voluntary early-retirement program and the downsizing and relocation of its Tokyo head office and Osaka branch. Going forward, it will continue to control costs so that selling, general and administrative expenses are commensurate with revenue.」
The company continues to reduce advertising and promotional expenses and fees paid, implement a voluntary early-retirement program, compress fixed costs through the downsizing and relocation of its head office and Osaka branch, and manage expenses in line with revenue. - FY2024-Q4RestatedAnnual report
「Since the fiscal year ending March 2021, when the global spread of COVID-19 became apparent, the company has reviewed selling, general and administrative expenses. In addition to reducing advertising and promotional expenses and fees paid, it has compressed fixed costs through a voluntary early-retirement program and the downsizing and relocation of its Tokyo head office and Osaka branch. Going forward, it will continue to control costs so that selling, general and administrative expenses are commensurate with revenue.」
The company continues to reduce advertising and promotional expenses and fees paid, implement a voluntary early-retirement program, compress fixed costs through the downsizing and relocation of its head office and Osaka branch, and manage expenses in line with revenue. - FY2024-Q1AdvancedAnnual report
「During the first quarter of the current fiscal year, the company also relocated its Osaka branch to further optimize fixed costs. From the second quarter onward, it will continue to control selling, general and administrative expenses so that they are commensurate with revenue.」
The company optimized fixed costs by relocating its Osaka branch and indicated that it would continue controlling selling, general and administrative expenses in line with revenue from the second quarter onward. At the same time, it has resumed hiring and investment in advertising and promotional expenses to capture overseas travel demand. - FY2023AdvancedAnnual report
「Selling, general and administrative expenses were ¥1,287,449 thousand, down 22.9% from the previous consolidated fiscal year, due to continued reductions in personnel expenses through employee secondments and cuts in advertising expenses in line with market conditions, as well as rent savings through the downsizing and relocation of the Tokyo head office and lower depreciation resulting from impairment charges on fixed assets in the previous consolidated fiscal year.」
The company implemented employee secondments, cuts in advertising expenses and the downsizing and relocation of its Tokyo head office, reducing selling, general and administrative expenses by 22.9%, or ¥381,330 thousand, year on year. The effect of cost reduction was shown in the full-year results. - FY2023-Q3AdvancedAnnual report
「The company continued to focus on cost reduction, including reducing personnel expenses through employee secondments, cutting advertising expenses in line with market conditions and reducing rent through the downsizing and relocation of its Tokyo head office.」
The company implemented employee secondments, reductions in advertising expenses and rent savings through the downsizing and relocation of its Tokyo head office. Selling, general and administrative expenses were ¥991,724 thousand, down from ¥1,243,633 thousand in the same period of the previous year. - FY2023-Q2AdvancedAnnual report
「The company continued to focus on cost reduction, including reducing personnel expenses through employee secondments, cutting advertising expenses in line with market conditions and reducing rent through the downsizing and relocation of its Tokyo head office.」
The company implemented employee secondments, reductions in advertising expenses and rent savings through the downsizing and relocation of its Tokyo head office. Selling, general and administrative expenses for the first 2 quarters were ¥687,949 thousand, down from ¥849,216 thousand in the same period of the previous year. - FY2023-Q1AdvancedAnnual report
「Since the fiscal year ending March 2021, when the global spread of COVID-19 became apparent, the company has reviewed selling, general and administrative expenses. In addition to reducing advertising and promotional expenses and fees paid, it cut executive compensation, suspended bonus payments, and reduced costs through temporary closures, employee secondments and transfers to other companies.」
The company reduced advertising and promotional expenses and fees paid, cut executive compensation, suspended bonus payments, and implemented temporary closures, employee secondments, transfers to other companies and a voluntary early-retirement program. Selling, general and administrative expenses in the first quarter decreased from ¥467,240 thousand in the same period of the previous year to ¥379,675 thousand. The company stated that it would continue to control costs from the second quarter onward. - FY2022AdvancedAnnual report
「Selling, general and administrative expenses were ¥1,668,779 thousand, down 26.8% from the previous consolidated fiscal year, due to a review of advertising and promotional expenses in line with market conditions, reductions in fees paid, cuts in executive compensation, suspension of bonus payments, and reductions in personnel expenses through temporary closures and employee secondments, among other measures.」
The company reduced advertising and promotional expenses and fees paid, cut executive compensation, suspended bonus payments, and reduced personnel expenses through temporary closures and employee secondments, lowering selling, general and administrative expenses by 26.8%, or ¥612,456 thousand, year on year. - FY2022-Q3AdvancedAnnual report
「We continued to reduce costs through measures including employee leave and secondments, reductions in advertising expenses in line with market conditions, and a review of outsourced development expenses.」
The company continued temporary closures, employee secondments, reductions in advertising expenses and reviews of outsourced development expenses. Selling, general and administrative expenses decreased from ¥1,772,146 thousand in the same period of the previous year to ¥1,243,633 thousand. The effect of expense reduction was shown in the year-to-date results through the third quarter. - FY2022-Q2AdvancedAnnual report
「We continued to reduce costs through measures including employee leave and secondments, reductions in advertising expenses in line with market conditions, and a review of outsourced development expenses.」
The company continued temporary closures, employee secondments, reductions in advertising expenses and reviews of outsourced development expenses. Selling, general and administrative expenses for the first 2 quarters were ¥849,465 thousand, down ¥433,829 thousand from ¥1,283,294 thousand in the same period of the previous year. - FY2022-Q1RestatedAnnual report
「We continued to reduce costs through measures including employee leave and secondments, reductions in advertising expenses in line with market conditions, and a review of outsourced development expenses.」
The company continues previously implemented cost-reduction measures, including reducing advertising expenses and reviewing outsourced development expenses. No new reduction amount or completion milestone has been disclosed. - FY2021AdvancedAnnual report
「The company focused on cost reduction through store consolidation, reductions in rent and personnel expenses, reviews of outsourced development expenses and the use of subsidies, and recorded ¥623,460 thousand in subsidy income, including employment adjustment subsidies, as non-operating income.」
The company implemented store consolidation, reductions in rent and personnel expenses and reviews of outsourced development expenses, and recorded ¥623,460 thousand in subsidy income. Cost-reduction and financial-burden mitigation measures were demonstrated through specific results. - FY2021-Q3AdvancedAnnual report
「The company focused on cost reduction through store consolidation, reductions in rent and personnel expenses, reviews of outsourced development expenses and the use of subsidies, and recorded ¥494,205 thousand in subsidy income, including employment adjustment subsidies, as non-operating income.」
The company continued store consolidation, reductions in rent and personnel expenses and reviews of outsourced development expenses, and newly disclosed subsidy income of ¥494,205 thousand. - FY2021-Q2AdvancedAnnual report
「The company focused on cost reduction through store consolidation, reductions in rent and personnel expenses, reviews of outsourced development expenses and the use of subsidies, and recorded ¥364,879 thousand in subsidy income, including employment adjustment subsidies, as non-operating income.」
In addition to store consolidation, reductions in rent and personnel expenses and reviews of outsourced development expenses, the company used subsidies and recorded ¥364,879 thousand in subsidy income. The implementation of cost-reduction and financial-burden mitigation measures has become more concrete. - FY2021-Q1AdvancedAnnual report
「The company worked to reduce costs by consolidating stores and cutting rent and personnel expenses, as well as by reducing advertising expenses in line with the shrinking market and reviewing outsourced development expenses.」
The company implemented specific cost-reduction measures, including store consolidation, reductions in rent and personnel expenses, cuts to advertising expenses and a review of outsourced development expenses. - FY2020ReframedAnnual report
「The company will also seek to strengthen its liquidity by reducing fixed costs such as personnel expenses and rent, and working to improve its earnings structure.」
The focus shifted from general expense reduction to explicitly reducing fixed costs such as personnel expenses and rent and improving the earnings structure in response to the decline in demand caused by COVID-19. - FY2020-Q3WorsenedAnnual report
「Selling, general and administrative expenses 2,528,610 3,178,455」
Selling, general and administrative expenses for the first 3 quarters increased from ¥2,528,610 thousand in the same period of the previous year to ¥3,178,455 thousand. Costs continued to increase despite the theme of improving profitability through expense reduction. - FY2019WorsenedAnnual report
「Selling, general and administrative expenses were ¥3,513,273 thousand, up 11.0% from the previous consolidated fiscal year. The main factors were higher personnel expenses due to staff expansion and higher fees paid, among other expenses, resulting from systems investment and strengthened marketing aimed at improving earning power over the medium to long term.」
Selling, general and administrative expenses increased 11.0%, with staff expansion, systems investment and strengthened marketing cited as the drivers. The disclosure emphasizes higher costs associated with growth investment and staff expansion rather than expense reduction. - FY2018WorsenedAnnual report
「Selling, general and administrative expenses were ¥3,165,005 thousand, up 12.8% from the previous consolidated fiscal year. The main factors were higher personnel expenses due to staff expansion and higher advertising and other promotional expenses resulting from aggressive advertising placements.」
Selling, general and administrative expenses increased 12.8% due to staff expansion and aggressive advertising placements, while operating income declined 73.9%. Unlike the preceding commitment to reduce expenses, the current period explicitly showed an increase in costs. - FY2018-Q1First statedAnnual report
「Although the company implemented various measures and worked to reduce expenses, individual customers generally take fewer trips departing from April through June. As a result, consolidated results for the first quarter of the current fiscal year were revenue of ¥4,381,711 thousand, an operating loss of ¥184,507 thousand, an ordinary loss of ¥189,851 thousand and a quarterly net loss attributable to owners of the parent of ¥132,097 thousand.」
The company stated that it worked to reduce expenses alongside various demand-capture initiatives, but did not disclose a specific reduction amount or deadline.