Early improvement in profitability
First written in FY2017. 4 of 6 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1DroppedAnnual report
「The Company established “Thorough Promotion of the Medium-Term Strategy” as its annual management policy for the fiscal year ending March 2019 and is implementing various initiatives to improve the Group’s business structure, improve profitability and establish a foundation for growth.」
The annual policy for the fiscal year ending March 2018, “Early Improvement in Profitability,” which appeared through the previous filing, is not repeated in this filing and has been replaced by “Thorough Promotion of the Medium-Term Strategy” for the fiscal year ending March 2019. - FY2018AdvancedAnnual report
「In the fiscal year, in addition to advancing these initiatives, the gross profit margin increased by 0.5 percentage points from the previous fiscal year, partly due to a reduction in discount sales at consolidated subsidiaries. As a result, inventories at fiscal year-end were down 5.4% from the previous fiscal year-end, significantly below the 6.1% increase in revenue during the period. As a result, standalone online sales for the fiscal year rose 16.4% from the previous fiscal year.」
To improve profitability early, the gross margin improved by 0.5 percentage points, inventories declined 5.4% and online sales rose 16.4%. Meanwhile, the full-year SG&A ratio was 44.7%, unchanged from the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「At the end of the cumulative third quarter, inventories were down 4.5% from the end of the same period of the previous year, significantly below the 7.0% increase in revenue during the period. The SG&A ratio for the cumulative third quarter was 44.2%, down 0.9 percentage points from the same period of the previous year, owing to a relative decline in the personnel expense ratio accompanying higher revenue, lower related costs resulting from improved inventory efficiency, and a lower ratio of other fixed costs. Standalone online sales for the cumulative third quarter rose 20.8% year on year.」
The Company reported progress on the 4 initiatives aimed at early improvement in profitability, particularly in inventory efficiency, the SG&A ratio and online sales. The gross profit margin also improved by 0.1 percentage points year on year, while the SG&A ratio was 44.2% and online sales rose 20.8%. - FY2018-Q2AdvancedAnnual report
「At the end of the cumulative second quarter, inventories were down 1.7% from the end of the same period of the previous year, significantly below the 7.2% increase in revenue during the period. The SG&A ratio for the cumulative second quarter was 46.9%, down 1.3 percentage points from the same period of the previous year, owing to a relative decline in the personnel expense ratio accompanying higher revenue, lower related costs resulting from improved inventory efficiency, and a lower ratio of other fixed costs. Standalone online sales for the cumulative second quarter rose 21.0% year on year.」
The Company reported concrete progress on the 4 initiatives aimed at early improvement in profitability, particularly in inventory efficiency, the SG&A ratio and online sales. The gross profit margin also improved by 0.4 percentage points year on year. - FY2018-Q1AdvancedAnnual report
「The Company established “Early Improvement in Profitability” as its annual management policy for the fiscal year ending March 2018 and identified 4 priority initiatives to achieve it: “improving the gross profit margin,” “improving inventory efficiency,” “improving the SG&A ratio,” and “improving profitability by expanding online sales.” During the cumulative first quarter, the SG&A ratio was 47.3%, down 0.8 percentage points from the same period of the previous year, due to a relative decline in the fixed-cost ratio accompanying higher revenue and a reduction in one-time store-opening expenses.」
The Company reported progress on the 4 initiatives established under its annual policy. The SG&A ratio was 47.3%, down 0.8 percentage points year on year. - FY2017First statedAnnual report
「The Company established “Early Improvement in Profitability” as its annual management policy for the fiscal year ending March 2018 and identified 4 priority initiatives to achieve it: “improving the gross profit margin,” “improving inventory efficiency,” “improving the SG&A ratio,” and “improving profitability by expanding online sales.”」
As its annual policy for the following fiscal year, the Company established 4 priority areas for improving profitability: gross margin, inventory efficiency, the SG&A ratio and online sales profitability.