Thorough cost-cutting measures in response to COVID-19
First written in FY2020-Q2. 9 of 18 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-10-14.
Cookbiz moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2024ReframedAnnual report
「As the Company strengthened strategic investment, including hiring personnel, from the second half of the previous consolidated fiscal year through the first half of the current consolidated fiscal year, expenses increased as a result of this investment in the current consolidated fiscal year,」
The Company is shifting its focus from a phase centered on thorough cost reductions to a phase of strengthening strategic investment, including hiring personnel, from the second half of the previous consolidated fiscal year onward. - FY2024-Q2ReframedAnnual report
「In the same quarter of the previous year, the Company focused on cost control rather than growth investment. As it strengthened strategic investments, including personnel recruitment, from the second half of the previous consolidated fiscal year, expenses increased due to strategic investments during the cumulative second quarter, resulting in」
Compared with the previous year, when cost control was prioritized, the Company is shifting its focus from the second half of the previous consolidated fiscal year toward strengthening strategic investment, including hiring personnel. - FY2023-Q3ReframedAnnual report
「Regarding earnings, the company worked to reduce costs and, while maintaining staffing levels, invested after assessing cost effectiveness. As a result, operating income was ¥189.573 million, ordinary income was ¥188.959 million, and quarterly net income attributable to owners of the parent was ¥162.375 million.」
In addition to its previous focus on expense reductions, the Company has indicated a policy of investing after assessing cost-effectiveness while securing personnel. - FY2023-Q2RestatedAnnual report
「Regarding profit, the Company secured profit through cost control while making strategic investments in advertising and other areas with a medium- to long-term perspective. As a result, operating profit was ¥160.991 million, ordinary profit was ¥162.589 million and net profit attributable to owners of the parent was ¥143.657 million.」
The Company continues to control costs and manage selling, general and administrative expenses while investing in advertising and other areas with a medium- to long-term perspective. - FY2023-Q1RestatedAnnual report
「By continuing the company-wide measures to improve operating efficiency and reduce expenses implemented since the previous fiscal year, and by strengthening control over selling, general and administrative expenses,」
The Company continues to improve operating efficiency across the organization, reduce expenses and control selling, general and administrative expenses. - FY2022-Q2AdvancedAnnual report
「To resolve these issues and restore performance, the Company has reduced advertising expenses and executive compensation and continuously reduced and optimized fixed costs, including by downsizing its offices, since the fiscal year ended November 2020. It also improved operating productivity and drove cost reductions by promoting the digitization and DX transformation of operations, substantially lowering its break-even point.」
The Company explained that, in addition to reducing fixed costs such as advertising expenses, executive compensation and office costs, it improved productivity through the digitization and DX transformation of operations, substantially lowering its break-even point. - FY2022-Q1AdvancedAnnual report
「The Company continued to reduce expenses in the current fiscal year, including by not paying executive bonuses and reducing advertising expenses, and reduced costs by approximately ¥23 million compared with the same quarter of the previous year in the first quarter of the current fiscal year. It also established a cost management framework to enable appropriate cost control in response to changes in the external environment.」
The Company reduced costs by approximately ¥23 million year on year in the first quarter through measures including not paying executive bonuses and reducing advertising expenses, and also described the establishment of a new cost management framework. - FY2021AdvancedAnnual report
「Through thorough cost-cutting measures, the Company reduced costs by approximately ¥670 million year on year in the current fiscal year. It will continue to pursue cost reductions and improve operating efficiency.」
By continuing to reduce advertising expenses, personnel expenses and location costs, among others, from the previous fiscal year, the Company increased the cost reduction for the current fiscal year to approximately ¥670 million year on year, indicating continued operating efficiency improvements. - FY2021-Q3AdvancedAnnual report
「As a result, the Company reduced costs by approximately ¥110 million compared with the same quarter of the previous year in the third quarter of the current fiscal year. It will continue to reduce further nonessential and nonurgent costs, including rent and lease expenses associated with the downsizing and relocation of locations.」
The Company reduced costs by approximately ¥110 million year on year in the third quarter and indicated a policy of continuing additional cost reductions, including lower rent and lease expenses associated with the downsizing and relocation of locations. - FY2021-Q2AdvancedAnnual report
「As a result, the Company reduced costs by approximately ¥160 million compared with the same quarter of the previous year in the second quarter of the current fiscal year. It will continue to reduce further nonessential and nonurgent costs, including rent and lease expenses associated with the downsizing and relocation of locations.」
The Company reduced costs by approximately ¥160 million year on year in the second quarter and indicated a policy of reducing rent and lease expenses through advertising expense controls and the downsizing and relocation of locations. - FY2021-Q1AdvancedAnnual report
「As a result, the Company reduced costs by approximately ¥360 million in the first quarter of the current fiscal year compared with the same quarter of the previous year. It will continue to implement further reductions, including lower rent and lease expenses through the consolidation of locations.」
The Company reduced costs by approximately ¥360 million year on year in the first quarter and plans to proceed with rent and lease expense reductions through location consolidation. - FY2020AdvancedAnnual report
「Through thorough cost-cutting measures, the Company reduced costs by approximately ¥660 million year on year in the current fiscal year. It will continue to implement further reductions, including lower rent and lease expenses through the consolidation of locations.」
Cost reductions progressed from approximately ¥270 million in the third quarter to approximately ¥660 million for the full year, with further reductions through voluntary retirement and location consolidation also indicated. - FY2020-Q3AdvancedAnnual report
「In the third quarter of the current fiscal year, the Company reduced costs by approximately ¥270 million year on year. To achieve further cost reductions, it began soliciting applications for voluntary retirement in August of the current fiscal year and plans to implement additional reductions in the next fiscal year, including lower rent and lease expenses through the consolidation of locations.」
The cost reduction increased from more than ¥170 million in the second quarter to approximately ¥270 million, and the Company also added voluntary retirement and location consolidation in the next fiscal year. - FY2020-Q2First statedAnnual report
「In March 2020, when the global spread of COVID-19 became apparent, the Company reviewed costs across the organization. It cut expenses that were not currently essential or urgent and significantly reduced advertising expenses in line with the decline in recruitment demand. In addition, it implemented thorough cost reductions, including reductions in executive compensation, no payment of executive bonuses, suspension of new hiring, employee leave measures, significant reductions in travel, meeting and entertainment expenses, and reductions through a review of outsourcing costs and commissions paid. As a result, the Company reduced costs by more than ¥170 million year on year in the second quarter of the current fiscal year. The Company will implement further significant reductions going forward.」
In response to the decline in sales caused by COVID-19, the Company reduced advertising expenses, compensation, personnel expenses, recruitment expenses and other costs. It reduced costs by more than ¥170 million year on year in the second quarter and plans to implement further reductions.