Additional Cost Controls in Response to COVID-19
First written in FY2021-Q1. 7 of 9 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「As a result, operating profit, ordinary profit and profit before income taxes for the cumulative consolidated third quarter decreased by ¥13.563 million, respectively.」
In connection with the downsizing of the Kyushu Branch and withdrawal from the Hiroshima Branch, the Company reviewed the useful lives of fixed assets not expected to be used and the expected usage period of asset retirement obligations, resulting in an impact on profit. - FY2024-Q2AdvancedAnnual report
「During the consolidated second quarter, the Company decided to downsize its Kyushu Branch and withdraw from its Hiroshima Branch. Accordingly, it reviewed the useful lives of fixed assets that are not expected to be used after the withdrawal.」
The Company made specific decisions to downsize and withdraw from offices and reviewed the useful lives of fixed assets that are not expected to be used. It notes that this reduced operating profit and other items by ¥5.302 million. - FY2022AdvancedAnnual report
「Due to the reduction in rent and related expenses resulting from the consolidation of offices carried out in the previous consolidated fiscal year, selling, general and administrative expenses were ¥2,343.461 million, down 1.5% year on year.」
The consolidation of offices undertaken in the previous period led to lower rent and related expenses and a 1.5% decrease in selling, general and administrative expenses. - FY2022-Q3AdvancedAnnual report
「As the consolidation of offices undertaken in the previous consolidated fiscal year reduced selling, general and administrative expenses, both revenue and profit exceeded the initial plan.」
The consolidation of offices undertaken since the previous consolidated fiscal year reduced selling, general and administrative expenses, and revenue and profit exceeded the initial plan. - FY2022-Q2AdvancedAnnual report
「As the consolidation of offices undertaken in the previous consolidated fiscal year reduced selling, general and administrative expenses, both revenue and profit exceeded the initial plan.」
The consolidation of offices undertaken since the previous consolidated fiscal year reduced selling, general and administrative expenses, and revenue and profit exceeded the initial plan. - FY2022-Q1AdvancedAnnual report
「This was mainly due to a ¥49.571 million decrease in investments and other assets resulting from the consolidation and relocation of the Shinjuku, Ikebukuro and Umeda branches, the relocation of the Fukuoka branch, and other factors, including decreases in leasehold and guarantee deposits.」
The consolidation and relocation of offices associated with the shift online were described by specific branch name, and investments and other assets decreased by ¥49.571 million. - FY2021-Q3AdvancedAnnual report
「In connection with the shift to online delivery of our education-integrated recruitment services, we are consolidating or downsizing and relocating certain offices, with the aim of improving long-term margins by reducing rent and related expenses.」
The Company presented specific measures to consolidate, close or downsize and relocate certain offices in connection with the shift online, with the aim of improving long-term margins by reducing rent and related expenses. - FY2021-Q2RestatedAnnual report
「We are working to secure cash on hand and control costs in order to stabilise our financial base.」
The Company continues to secure cash on hand and control costs amid the impact of COVID-19. - FY2021-Q1First statedAnnual report
「In light of the above circumstances, we are implementing cost controls that go beyond the initial plan, including employee hiring.」
In light of the business impact of COVID-19, the Company is managing expenses, including employee hiring costs, more tightly than in the initial plan.