Higher personnel expenses at the kimono retail business pressured earnings
First written in FY2018-Q3. 5 of 7 entries say "Worsened", first in FY2018. Latest entry: FY2024-Q3.
Yamano Holdings moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- FY2024-Q3WorsenedAnnual report
「In terms of earnings, in addition to lower sales, recruitment expenses and personnel expenses increased as recruitment efforts were strengthened, while promotional expenses also rose as sales initiatives were intensified. Segment profit was ¥19 million, down 86.5% year on year.」
In the kimono and jewelry business, lower sales coincided with higher recruitment, personnel and promotional expenses, and segment profit fell 86.5% year on year. - FY2024-Q2WorsenedAnnual report
「In terms of earnings, in addition to lower sales, recruitment expenses and personnel expenses increased as recruitment efforts were strengthened. Segment profit was ¥47 million, down 66.0% year on year.」
In the kimono and jewelry business, lower sales coincided with higher recruitment and personnel expenses, and segment profit fell 66.0% year on year. - FY2024-Q1WorsenedAnnual report
「In terms of earnings, the gross profit margin declined as the company focused on product sales to acquire new customers. In addition, recruitment expenses and personnel expenses increased as recruitment efforts were strengthened, while higher processing fees and other factors also weighed on results. Segment loss was ¥96 million, compared with a segment loss of ¥75 million in the same period of the previous year.」
In the kimono and jewelry business, a lower gross profit margin on product sales aimed at acquiring new customers, higher recruitment and personnel expenses, and higher processing fees combined to widen the segment loss from ¥75 million to ¥96 million. - FY2023RestatedAnnual report
「In terms of earnings, the benefit from higher installment revenue as the company promoted its guaranteed-collection shopping credit business progressed steadily. However, higher sales commissions accompanying sales growth and some initial costs related to new store openings, relocations and renovations resulted in segment profit of ¥297 million, down 7.1% from the previous fiscal year.」
In the kimono and jewelry business, the benefit from higher installment revenue progressed, but higher sales commissions and costs for new store openings, relocations and renovations pressured earnings. - FY2019WorsenedAnnual report
「In the jewelry retail segment, sales struggled at 78.1% of the previous fiscal year's level due in part to lower customer traffic at some regional department stores. As a result, segment profit was ¥302 million, down 18.4% from the previous fiscal year, due in part to costs for purchasing fixtures and equipment in connection with renovations at 11 stores.」
In addition to lower customer traffic at jewelry retail stores, costs for purchasing fixtures and equipment in connection with renovations at 11 stores were incurred, causing segment profit in the kimono and jewelry business to fall 18.4% from the previous fiscal year. - FY2018WorsenedAnnual report
「In terms of earnings, the kimono retail segment maintained solid performance but incurred higher personnel expenses, including incentive payments. Segment profit was ¥370 million, down 18.8% from the previous fiscal year.」
Higher personnel expenses, including incentive payments, at the kimono retail segment were also evident for the full year, and the decline in segment profit widened from 8.5% in the previous quarter to 18.8%. - FY2018-Q3First statedAnnual report
「In terms of earnings, the kimono retail segment maintained solid performance but incurred higher personnel expenses, including incentive payments. Segment profit was ¥204 million, down 8.5% year on year.」
The kimono retail segment incurred higher personnel expenses, including incentive payments, and segment profit fell 8.5% year on year.