Strengthening the Operating Structure and Reducing Costs
First written in FY2016-Q3. 12 of 27 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 3 of 19 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026-H1Improved gross profit margins absorbed higher SG&A expensesAnnual report
「In terms of earnings, although selling, general and administrative expenses, including labor costs, increased 8.7% from the same period of the previous year, operating profit increased by ¥151 million, or 9.5%, to ¥1,744 million due to a 1.1 percentage-point improvement in the gross profit margin.」
Although SG&A expenses, including labor costs, increased 8.7% year on year, operating profit rose 9.5% due to a 1.1 percentage-point improvement in the gross profit margin. - 2026-04-30AdvancedEarnings
「Although selling, general and administrative expenses, including personnel expenses, increased 8.7% from the same period of the previous year, operating profit increased to ¥1,744 million, up ¥151 million, or 9.5%, as the gross profit margin rose by 1.1 percentage points from the previous fiscal year.」
Operating profit increased as a result of an improved gross profit margin despite higher selling, general and administrative expenses. - FY2025AdvancedAnnual report
「Operating profit increased by ¥360 million from ¥2,171 million in the previous consolidated fiscal year to ¥2,531 million, while the operating margin increased by 0.3 percentage points to 2.7%. This was due to the rise in the gross profit margin as the number of highly profitable projects, including stonework and air-conditioning projects, increased.」
The increase in highly profitable projects, together with process and cost management, lifted the operating margin by 0.3 percentage points to 2.7%. - FY2024AdvancedAnnual report
「Gross profit increased by ¥993 million from ¥11,909 million in the previous consolidated fiscal year to ¥12,903 million. The gross profit margin improved as a result of focusing on thorough process and cost management. Operating profit increased by ¥401 million from ¥1,770 million to ¥2,171 million, while the operating margin increased by 0.3 percentage points from the previous consolidated fiscal year to 2.4%.」
Thorough process and cost management improved the gross profit margin, while the operating margin also rose by 0.3 percentage points to 2.4%. - FY2024-Q2RestatedAnnual report
「In terms of earnings, despite higher SG&A expenses, including labor costs, operating profit increased by ¥206 million, or 15.2%, year on year to ¥1,570 million, driven by the improvement in the gross profit margin.」
Although SG&A expenses, including labor costs, increased, operating profit rose 15.2% year on year due to the improvement in the gross profit margin. - FY2024-Q1Profit increased despite higher SG&A expenses, driven by improved gross profit marginsAnnual report
「In terms of earnings, despite higher SG&A expenses, including labor costs, operating profit increased by ¥209 million, or 43.3%, year on year to ¥693 million, driven by the improvement in the gross profit margin.」
Although SG&A expenses, including labor costs, increased, operating profit rose 43.3% due to the improvement in the gross profit margin. - FY2023-Q3RestatedAnnual report
「In terms of profitability, operating income declined by ¥32 million, or 1.9%, year on year to ¥1,649 million, due to higher SG&A expenses, including personnel and logistics costs.」
Higher SG&A expenses, including labor and logistics costs, continued to be identified as a factor weighing on operating profit, following the previous quarter. - FY2023-Q1Higher SG&A expenses, including personnel and logistics costsAnnual report
「Operating profit was ¥483 million, a decrease of ¥156 million, or 24.4%, from the same quarter of the previous year, due to the decline in the gross profit margin in the large-project market and increases in SG&A expenses, including labor and logistics costs.」
Higher SG&A expenses, including labor and logistics costs, were identified as a factor behind the 24.4% decline in operating profit. - FY2022Increase in SG&A expenses due to higher labor and logistics costsAnnual report
「Selling, general and administrative expenses increased by ¥1,716 million from ¥7,644 million in the prior consolidated fiscal year to ¥9,361 million, mainly because of higher personnel and logistics costs.」
SG&A expenses increased by ¥1,716 million year on year, with higher labor and logistics costs identified as factors suppressing profit over the full year. - FY2022-Q3Profit pressure from higher selling, general and administrative expensesAnnual report
「Operating income declined by ¥81 million, or 4.6%, year on year to ¥1,682 million, due to a lower gross profit margin in the large-property market and higher SG&A expenses, including logistics costs.」
Higher SG&A expenses, including logistics costs, weighed on operating profit, indicating a change in the earnings impact of the previous cost-control policy. - FY2021AdvancedAnnual report
「Operating profit increased by ¥106 million from ¥1,796 million in the previous consolidated fiscal year to ¥1,903 million, while the operating margin increased by 0.2 percentage points to 2.9%. This was attributable to a decline in construction costs, including site management expenses.」
The decline in construction costs raised the operating margin by 0.2 percentage points to 2.9%, demonstrating the effects of improvements in cost and process management. - FY2021-Q3RestatedAnnual report
「The main factor behind the increase in profit was the decline in SG&A expenses resulting from the suspension of promotional activities such as events as a COVID-19 countermeasure.」
The decline in SG&A expenses resulting from the suspension of promotional activities was cited as a factor behind the increase in profit, reaffirming the effect of cost controls. - FY2021-Q2RestatedAnnual report
「Although revenue declined, the increase in the gross profit margin on completed construction contracts and the decline in SG&A expenses resulting from the suspension of promotional activities such as events due to the impact of COVID-19 kept profit broadly in line with the previous year.」
It was explained that the higher gross profit margin and lower SG&A expenses resulting from the suspension of promotional activities supported profit, continuing to demonstrate the effect of cost management. - FY2021-Q1RestatedAnnual report
「The main factors behind the increase in profit were the rise in the gross profit margin on completed construction contracts, the decline in selling, general and administrative expenses resulting from the suspension of promotional activities such as events due to the impact of COVID-19, and the implementation of expense-reduction initiatives.」
The suspension of promotional activities and the resulting decline in selling, general and administrative expenses from expense-reduction initiatives were cited as factors behind the increase in profit. - FY2020AdvancedAnnual report
「In terms of earnings, although gross profit margins improved for building-materials construction for large redevelopment projects and air-conditioning construction for public-sector projects, and ongoing expense-reduction efforts helped contain SG&A expenses, the substantial decline in revenue had a significant impact, resulting in operating profit of ¥1,796 million, a decrease of ¥367 million, or 17.0%, from the previous consolidated fiscal year.」
It was explained that the effect of containing SG&A expenses through expense-reduction efforts was reflected in full-year results. - FY2020-Q3RestatedAnnual report
「In terms of earnings, higher gross profit margins in both the large-project and detached-house businesses, together with controlled SG&A expenses, resulted in operating profit of ¥1,690 million, an increase of ¥15 million, or 0.9%, from the same quarter of the previous year; ordinary profit of ¥1,885 million, an increase of ¥22 million, or 1.2%; and quarterly net profit attributable to owners of the parent of ¥1,208 million, an increase of ¥90 million, or 8.1%.」
Higher gross profit margins and controlled SG&A expenses continued to be cited as factors behind the increase in profit. - FY2019AdvancedAnnual report
「However, strict control of other expenses proved effective, reducing the ratio of selling, general and administrative expenses to revenue by 0.2 percentage points from the previous consolidated fiscal year to 11.0%.」
Although SG&A expenses increased due to the consolidation of Imamura and other factors, the SG&A ratio fell by 0.2 percentage points through appropriate expense management, demonstrating the effect of cost controls in numerical terms. - FY2019-Q3RestatedAnnual report
「The main factors behind the increase in profit were improvements in gross profit margins across all markets and the controlled growth of SG&A expenses.」
It was reconfirmed that improved gross profit margins across all markets and controlled growth in SG&A expenses contributed to the increase in profit. - FY2019-Q2RestatedAnnual report
「The main factors behind the increase in profit were improvements in gross profit margins across all markets and the controlled growth of selling, general and administrative expenses.」
Improvements in gross profit margins and controlled growth in selling, general and administrative expenses were cited as factors behind the increase in profit, reaffirming the effectiveness of the cost management policy. - FY2018RestatedAnnual report
「Cost reduction to secure profits is also an important issue. We will increase the outsourcing of quantity surveying, drafting and quotation preparation, among other functions, to our Vietnamese subsidiary to further reduce costs.」
The company reconfirmed its policy of outsourcing quantity surveying, drafting and quotation preparation to its Vietnamese subsidiary to reduce costs. - FY2018-Q3AdvancedAnnual report
「During the slightly more than 4 months following the initial implementation, errors in advance preparations for changes to business-processing procedures and other matters resulted in incorrect orders and personnel costs that exceeded expectations. At present, however, progress is being made in restraining personnel costs and improving operating efficiency.」
It was explained that although incorrect orders and labor cost overruns occurred during the initial introduction of the business systems, labor cost controls and improvements in operational efficiency are now progressing. - FY2018-Q2RestatedAnnual report
「The main factors behind the decline in profit were higher personnel costs and expenses associated with the renewal of operating systems.」
Higher personnel costs and expenses associated with the renewal of operating systems continued to be cited as factors behind lower profits. - FY2018-Q1Higher SG&A expenses due to increased headcount and system upgradesAnnual report
「The main factors behind the decline in profit were higher selling and general administrative expenses associated with increased headcount and the renewal of operating systems.」
SG&A expenses increased with the renewal of operating systems and the increase in headcount, reducing profit in the quarter. - FY2017RestatedAnnual report
「To further reduce the costs of cost estimation, drafting and estimate preparation, we will increase outsourcing to our Vietnamese subsidiary.」
The company indicated a policy of increasing outsourcing of cost estimation, drafting and estimate preparation to its Vietnamese subsidiary as a concrete cost-reduction measure. - FY2017-Q3RestatedAnnual report
「The main factors behind these increases in profit were higher sales, restrained SG&A expenses, and the recording of a substantial provision for construction losses in the large-property business in the prior year.」
Continued restraint of SG&A expenses was cited as a factor behind higher profits. - FY2017-Q2AdvancedAnnual report
「Operating income increased by ¥305 million, or 26.3%, year on year to ¥1,468 million, ordinary income increased by ¥255 million, or 19.5%, to ¥1,567 million, and quarterly net income attributable to owners of the parent increased by ¥28 million, or 3.0%, to ¥978 million. The main factors behind these increases were higher sales, restrained SG&A expenses, and the recording of a substantial provision for construction losses in the large-property business in the prior year.」
Restraint of SG&A expenses was identified as a factor behind higher profits, and the effects of operating efficiency improvements and cost reductions were reflected in results. - FY2016-Q3First statedAnnual report
「To achieve our targets, we will earnestly address the resolution of key issues, including expanding our sales area, expanding our range of new products, promoting new customer development, strengthening our construction capabilities, improving the convenience and efficiency of our logistics system, strengthening our operating structure, and reducing costs.」
Enhancing the operating framework and reducing costs were identified as key issues in the new three-year medium-term plan.