Mitsubishi Heavy Industries (7011) · TargetDropped
20% reduction in the SG&A-to-sales ratio
First written in FY2021-Q3. 1 of 3 entries say "Softened", first in FY2021. Latest entry: FY2022.
3entries
2years
0from disclosures
How it moved
Same theme, other companies
Annualized ¥5.5 Billion Fixed-Cost Reduction Through Structural ReformA theme 9 companies write about · 0 as a headwind · 9 as a tailwind
The whole theme swung hardest in 2026: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2022DroppedAnnual reportThis filing does not state the specific target of reducing selling, general and administrative expenses as a percentage of revenue by 20% from fiscal 2019. Measures such as improving the efficiency of corporate functions are continuing separately.
- FY2021SoftenedAnnual report
「In addition, to reduce selling, general and administrative expenses, the Group will pursue efficiency improvements through the integration of Mitsubishi Power, Ltd. into the Company and cost reductions through asset management.」
Measures to reduce selling, general and administrative expenses are continuing, but the specific target of reducing them as a percentage of revenue by 20%, presented in the previous quarter, was not reiterated in the annual filing. - FY2021-Q3First statedAnnual report
「The Group aims to reduce selling, general and administrative expenses as a percentage of revenue by 20% from fiscal 2019, and is working to improve business processes in corporate functions, integrate organizations, reduce headcount and control externally disbursed expenses.」
As part of the company-wide cost structure reforms in the 2021 Business Plan, the Group set a target of reducing selling, general and administrative expenses as a percentage of revenue by 20% from fiscal 2019, together with measures including business process improvements, organizational integration, headcount reductions and control of externally disbursed expenses.