Higher Expenses for Core Systems and Other Items Pressuring Wholesale Profit
First written in FY2025-H1. 2 of 3 entries say "Materialised", first in FY2025. Latest entry: FY2026.
Kimura moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Meanwhile, in addition to fluctuations in raw material and logistics costs against a backdrop of the weaker yen and the situation in the Middle East, higher expenses related to system investments and other items became a factor weighing on profit. As a result, net sales were ¥9,547 million, down 6.5% from the previous consolidated fiscal year, and operating income was ¥561 million, down 23.2%.」
Higher expenses related to system investments and other items weighed on wholesale business profit for the full year as well, actually resulting in lower revenue and lower operating income. - FY2025MaterialisedAnnual report
「Meanwhile, higher expenses related to system investments and other items became a factor weighing on profit. As a result, net sales were ¥10,210 million, up 1.4% from the previous consolidated fiscal year, and operating income was ¥730 million, down 8.6%.」
Investment in core systems and other items, together with higher expenses, actually weighed on wholesale business profit, resulting in lower operating income despite higher revenue. - FY2025-H1First statedAnnual report
「However, the increase in expenses related to core systems and other items could not be fully offset, resulting in net sales of ¥5,389 million, down 2.3% year on year, and operating income of ¥467 million, down 10.9%.」
This is the first disclosure as a standalone risk that higher expenses related to core systems and other items pressured wholesale business profit and actually manifested as lower revenue and lower operating income.