Education and training, compliance, and upfront costs associated with the transfer of the Eternal Labyrinth and other businesses
First written in FY2017-Q3. 3 of 5 entries say "Restated". Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3MitigatedAnnual report
「The Company also began selling new in-house cosmetics, including “GD Oil-in Serum,” “Milky Lotion V1” and the all-in-one foundation “Jewelry Pact SP.” Treatment revenue was 87.8% of the level in the same period of the previous year, due in part to the decrease in the number of stores and labor shortages. However, brand profit improved from both the same period of the previous year and the second quarter, supported by strong sales of merchandise and other products at 108.7% of the prior-year level, cost control through rigorous product management, and reductions in advertising and other expenses.」
Although costs associated with stores and personnel and labor shortages remained, Takano Yuri brand profit improved through cost control via product management and reductions in advertising and other expenses. - FY2018-Q3RestatedAnnual report
「Segment profit declined to ¥692 million, down 62.2% year on year, despite cost savings from the planned reduction of winter advertising expenses, due to expenses related to the stores and employees substantially expanded through M&A in the fourth quarter of the previous consolidated fiscal year, as well as goodwill amortization.」
Although the reduction in winter advertising expenses had a positive effect, costs related to the stores and employees expanded through M&A and goodwill amortization continue to weigh on profit. - FY2018-Q2RestatedAnnual report
「Profit declined because M&A in the fourth quarter of the previous consolidated fiscal year led to a substantial short-term expansion in the number of stores and employees, resulting in higher personnel expenses, rent and other costs than in the same period of the previous year.」
Costs including personnel expenses and rent continue to be incurred as stores and headcount expand rapidly through M&A. - FY2018-Q1RestatedAnnual report
「The company achieved a substantial short-term expansion in the number of stores and employees through the M&A conducted in the fourth quarter of the previous consolidated fiscal year, but profit declined because personnel expenses, rent and other costs increased compared with the same period of the previous year.」
Upfront costs, including personnel expenses and rent, continue to be incurred as stores and headcount expand in the short term through M&A. - FY2017-Q3First statedAnnual report
「As a result, the number of stores and employees was increased in the short term to expand the earnings base, but substantial preparatory costs were incurred when launching the brand under the group, including enhanced staff training to improve service quality, thorough development of the compliance framework, and upfront costs during the preparation period.」
The company states that, while the succession of the business increased the number of stores and employees, substantial costs were incurred for training, development of the compliance framework and upfront expenses during the preparation period in order to improve service quality.