Higher Expenses Due to Increased Pro Forma Standard Taxation Rates
First written in FY2018-Q3. 1 of 2 entries say "Materialised", first in FY2018. Latest entry: FY2018.
HIDAY HIDAKA Corp. moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- FY2018MaterialisedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs, including higher hourly wages for Friend employees (the company's term for part-time employees) and expanded social insurance coverage for short-hour workers, as well as higher utility expenses, including electricity and gas, and higher expenses resulting from the increase in the enterprise tax rate under the external standard taxation system. SG&A as a percentage of net sales was 61.3% (60.8% in the previous fiscal year).」
The higher rate of the size-based enterprise tax was reflected in actual results as a factor behind the increase in expenses, and the SG&A ratio rose from 60.8% in the previous fiscal year to 61.3%. - FY2018-Q3First statedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs, including higher hourly wages for Friend employees (the company's term for part-time employees) and expanded social insurance coverage for short-hour workers, as well as higher expenses resulting from the increase in the enterprise tax rate under the external standard taxation system. SG&A as a percentage of net sales was 60.5% (59.8% in the same quarter of the previous year).」
The higher business tax rate under the size-based enterprise tax was disclosed for the first time as a factor behind the increase in expenses, and SG&A expenses reached 60.5% of net sales. The impact of the higher tax rate has materialized as an actual increase in expenses.