Improving Fishing Business Profitability Through Expense Reduction
First written in FY2016-Q3. 2 of 6 entries say "Dropped", first in FY2016. Latest entry: FY2019-Q2.
- FY2019-Q2DroppedAnnual report
「In addition, increased expenses, including personnel expenses and advertising expenses, as a result of initiatives to strengthen sales capabilities contributed to operating profit of ¥38 million (down 37.5% year on year), ordinary profit of ¥41 million (down 35.8%) and quarterly net income of ¥26 million (down 42.5%).」
There is no explicit reference to profit improvement through expense reductions. Instead, increases in expenses, including personnel expenses and advertising expenses, associated with efforts to strengthen sales capabilities are cited as factors behind the decline in profit. - FY2018AdvancedAnnual report
「Although the gross profit margin declined due to markdown sales and other factors, efforts to reduce expenses resulted in segment profit (operating profit) of ¥116 million, up 30.1% year on year.」
Expense reductions continued, and segment profit in the fishing business increased 30.1% year on year. - FY2018-Q3RestatedAnnual report
「Although gross profit margin declined due to markdown sales and other factors, efforts to reduce expenses resulted in segment profit (operating profit) of ¥110 million, up 13.4% year on year.」
The company continued to describe expense reductions as a means of improving profit, and segment profit increased 13.4% year on year. - FY2018-Q2ReappearedAnnual report
「Although gross profit margin declined due to markdown sales and other factors, efforts to reduce expenses resulted in segment profit (operating profit) of ¥86 million, up 15.8% year on year.」
Expense reductions, whose explicit mention had disappeared after the full-year report, were listed again and identified as a factor behind profit improvement in the fishing business. - FY2016DroppedAnnual report
「In the fishing business, the company improved delays in procuring lure products that occurred in the previous fiscal year and implemented timely deliveries, while also actively introducing new fly-fishing products.」
In the full-year explanation of the fishing business, the explicit reference found in the previous year's quarterly report to profit improvement through “expense reductions” was removed. - FY2016-Q3First statedAnnual report
「As a result, revenue from the fishing business amounted to ¥719 million (up 0.7% year on year). Segment profit (operating profit) increased by 8.1% year on year to ¥101 million as a result of expense reductions.」
The company identifies expense reductions in the fishing business as a specific initiative that contributed to the improvement in segment profit.