Decline in the SG&A ratio
First written in FY2017-Q2. 21 of 43 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2027-H1.
HIDAY HIDAKA Corp. moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 9 of 31 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Selling, general and administrative expenses absorbed increases in personnel expenses resulting from higher base salaries for regular employees, an increase in the number of Friend employees and higher hourly wages, as well as increases in various costs including store consumables and utilities, due to higher revenue, and declined to 56.8% of net sales (57.8% in the same period of the previous year).」
While personnel expenses, store consumables and utilities increased, the SG&A ratio declined from 57.8% in the same period of the previous year to 56.8% due to the effect of higher revenue. - FY2026MitigatedAnnual report
「Selling, general and administrative expenses declined to 58.6% of net sales (60.4% in the same period of the previous year), as the benefit of higher net sales absorbed increases in personnel expenses and higher utilities, logistics, and other costs.」
Although personnel expenses, utilities expenses, logistics costs, and other costs increased, the SG&A ratio declined from 60.4% to 58.6% due to the benefit of higher net sales. - FY2026-H1MitigatedAnnual report
「Selling, general and administrative expenses declined to 57.8% of net sales (60.6% in the same period of the previous year), as higher net sales absorbed increases in personnel expenses associated with full-time employees’ base pay increases, the addition of Friend employees, and hourly wage increases, as well as higher logistics, utilities, and other costs.」
Although personnel expenses, logistics costs, utilities expenses, and other costs increased, the SG&A ratio declined from 60.6% in the same period of the previous year to 57.8% due to the benefit of higher net sales. - FY2025MitigatedAnnual report
「Selling, general and administrative expenses declined to 60.4% of net sales (62.4% in the previous fiscal year), as higher net sales absorbed increases in personnel expenses associated with increases in full-time and Friend employees and base pay, as well as higher store consumables, packaging and shipping, and other costs.」
Although personnel expenses, store consumables expenses, and shipping costs increased, the SG&A ratio declined from 62.4% in the previous fiscal year to 60.4% due to the benefit of higher net sales. - FY2025-H1MitigatedAnnual report
「Selling, general and administrative expenses declined to 60.6% of net sales (62.1% in the same period of the previous year) due to the benefit of higher net sales, despite increases in full-time employees’ base pay, personnel expenses associated with the addition of Friend employees and hourly wage increases, and logistics, utilities, and other costs.」
Although base pay was raised, the number of Friend employees increased, hourly wages rose, and logistics, utilities, and other costs increased, the SG&A ratio declined from 62.1% in the same period of the previous year to 60.6% due to the benefit of higher net sales. - FY2025-Q1MitigatedAnnual report
「Selling, general and administrative expenses declined to 60.2% of net sales (61.9% in the same period of the previous year), as the benefit of higher net sales absorbed increases in personnel expenses due to full-time employees’ base pay increases, the addition of Friend employees, and hourly wage increases, as well as higher logistics, consumables, and other costs.」
Although personnel, logistics, consumables, and other costs increased, the SG&A ratio declined from 61.9% in the same period of the previous year to 60.2% due to the benefit of higher net sales. - FY2024MitigatedAnnual report
「Selling, general and administrative expenses also declined to 62.4% of net sales (70.3% in the previous fiscal year), as the benefit of higher net sales absorbed increases in personnel expenses due to the addition of Friend employees and hourly wage increases, as well as higher store consumables and other costs.」
Although personnel expenses, store consumables expenses, and other costs increased, the SG&A ratio declined from 70.3% in the previous fiscal year to 62.4% due to the benefit of higher net sales. - FY2024-Q3MitigatedAnnual report
「Selling, general and administrative expenses also declined to 61.9% of net sales (71.4% in the same quarter of the previous year), as the benefit of higher net sales absorbed increases in personnel expenses due to the addition of Friend employees and hourly wage increases, as well as higher utilities and other costs.」
Although the number of Friend employees increased, hourly wages rose, and personnel and utilities costs increased, the SG&A ratio declined from 71.4% in the same quarter of the previous year to 61.9% due to the benefit of higher net sales. - FY2024-Q2MitigatedAnnual report
「Selling, general and administrative expenses declined to 62.1% of net sales (72.9% in the same quarter of the previous year), as the benefit of higher net sales absorbed increases in personnel expenses due to the addition of Friend employees and hourly wage increases, as well as higher utilities and other costs.」
Although personnel expenses, utilities expenses, and other costs increased, the SG&A ratio declined from 72.9% in the same period of the previous year to 62.1% due to the benefit of higher net sales. - FY2024-Q1MitigatedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 61.9% (72.1% in the same quarter of the previous year), as the benefit of higher net sales offset increases in personnel expenses due to the addition of Friend employees and hourly wage increases, as well as higher utilities, consumables, and other costs.」
Although personnel expenses, utilities expenses, consumables expenses, and other costs increased, the SG&A ratio declined from 72.1% in the same quarter of the previous year to 61.9% due to the benefit of higher net sales. - FY2023MitigatedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 70.3% (85.7% in the previous fiscal year). Personnel expenses increased due to the addition of Friend employees and hourly wage increases, while utilities, consumables, kitchen equipment costs associated with higher stainless steel prices, and other costs continued to rise. These increases were offset by the benefit of higher net sales and more efficient and productive store operations.」
Although personnel expenses, utilities expenses, and other costs continued to rise, the SG&A ratio declined from 85.7% in the previous fiscal year to 70.3% due to the benefit of higher net sales and more efficient store operations. - FY2023-Q3MitigatedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 71.4% (89.1% in the cumulative period of the same quarter of the previous year), as personnel expenses increased due to the addition of Friend employees and hourly wage increases, while utilities, consumables, and other costs continued to rise.」
Although personnel expenses, utilities expenses, consumables, and other costs continued to rise, the SG&A ratio declined from 89.1% in the cumulative period of the same quarter of the previous year to 71.4% due to higher net sales. - FY2023-Q2MitigatedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 72.9% (95.2% in the cumulative period of the same quarter of the previous year), as base pay was raised in April and personnel expenses rose due to labor shortages, while utilities and logistics costs continued to increase.」
Although base pay was raised and personnel expenses due to labor shortages, utilities expenses, and logistics costs continued to increase, the SG&A ratio declined from 95.2% in the cumulative period of the same quarter of the previous year to 72.9% due to higher net sales. - FY2023-Q1MitigatedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 72.1% (92.5% in the same quarter of the previous year), partly due to higher personnel expenses, higher utilities expenses resulting from increased net sales, and higher amortization expenses resulting from an increase in asset retirement obligations associated with rising construction costs.」
Although personnel expenses, utilities expenses, and amortization expenses related to asset retirement obligations increased, the SG&A ratio declined from 92.5% in the same quarter of the previous year to 72.1% due to higher net sales. - FY2022WorsenedAnnual report
「The Company worked to contain personnel expenses by appropriately controlling store staffing levels while maintaining the employment of Friend employees. However, payment processing fees rose as cashless payment volumes increased, various expenses related to the head office relocation increased, and the impact of lower net sales was substantial. As a result, SG&A expenses as a percentage of net sales were 85.7% (81.2% in the same period of the previous year).」
Despite efforts to contain personnel expenses, the SG&A ratio rose from 81.2% to 85.7% due to the impact of payment processing fees, head office relocation expenses, and lower net sales. - FY2022-Q3WorsenedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 89.1% (80.7% in the same quarter of the previous year), partly due to higher payment processing fees resulting from increased cashless payment volumes and higher store consumables expenses resulting from the increase in new store openings.」
The SG&A ratio rose from 80.7% in the same quarter of the previous year to 89.1% due to higher cashless payment processing fees, store consumables expenses associated with new store openings, and other factors. - FY2022-Q2WorsenedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 95.2% (85.8% in the cumulative period of the same quarter of the previous year), partly because the fixed-cost ratio could not be reduced sufficiently despite the decline in net sales.」
The fixed-cost ratio could not be reduced sufficiently, and the SG&A ratio rose from 85.8% in the same quarter of the previous year to 95.2%. - FY2022-Q1MitigatedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 92.5% (93.9% in the same quarter of the previous year), as the Company focused on reducing expenses, including by assigning appropriate staffing levels to stores and containing personnel expenses.」
Cost reductions, including appropriate store staffing and the containment of personnel expenses, lowered the SG&A ratio from 93.9% in the same quarter of the previous year to 92.5%. - FY2021WorsenedAnnual report
「Selling, general and administrative expenses increased due to promotional campaigns combining the popular seasonal menu item “Chige Miso Ramen” with various social media platforms, higher advertising expenses from efforts to raise and enhance awareness of the brand image using TV commercials, and higher payment processing fees resulting from increased cashless payment volumes. Meanwhile, the Company worked to contain personnel expenses by appropriately controlling staffing levels while maintaining the employment of Friend employees. However, the impact of lower net sales was substantial, and SG&A expenses as a percentage of net sales were 81.2% (62.9% in the previous fiscal year).」
Despite efforts to contain personnel expenses, the SG&A ratio rose from 62.9% in the previous fiscal year to 81.2% due to lower net sales and other factors. - FY2021-Q3WorsenedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 80.7% (62.8% in the same quarter of the previous year), partly due to higher advertising expenses from efforts to raise awareness of the brand image using social media and TV commercials, as well as higher payment processing fees resulting from increased cashless payment volumes.」
In addition to higher advertising expenses and cashless payment processing fees, the decline in net sales caused the SG&A ratio to rise from 62.8% in the same quarter of the previous year to 80.7%. - FY2021-Q2WorsenedAnnual report
「Selling, general and administrative expenses as a percentage of net sales were 85.8% (62.0% in the same quarter of the previous year), partly because the fixed-cost ratio could not be reduced sufficiently despite the substantial decline in net sales.」
The fixed-cost ratio could not be reduced sufficiently despite the substantial decline in net sales, and the SG&A ratio rose sharply from 62.0% in the same quarter of the previous year to 85.8%. - FY2021-Q1WorsenedAnnual report
「Selling, general and administrative expenses as a percentage of net sales rose to 93.9% (60.7% in the same quarter of the previous year) due to the increased fixed-cost burden resulting from lower net sales.」
The SG&A ratio rose sharply from 60.7% in the same quarter of the previous year to 93.9% due to the increased fixed-cost burden resulting from lower net sales. - FY2020WorsenedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs, rent and lease expenses, repair expenses, and payment processing fees associated with QR-code payments. SG&A as a percentage of net sales was 62.9% (61.8% in the previous fiscal year).」
Higher personnel costs, rent and lease expenses, repair expenses, and QR-code payment processing fees drove the SG&A ratio from 61.8% in the previous fiscal year to 62.9%. - FY2020-Q3WorsenedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs, utility expenses including electricity and gas, repair expenses, and advertising and promotional expenses. SG&A as a percentage of net sales was 62.8% (61.3% in the same quarter of the previous year).」
Higher personnel costs, utility expenses, repair expenses, and advertising and promotional expenses drove the SG&A ratio from 61.3% in the same quarter of the previous year to 62.8%. - FY2020-Q2WorsenedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs and utility expenses, including electricity and gas. SG&A as a percentage of net sales was 62.0% (60.8% in the same quarter of the previous year).」
Higher personnel costs and utility expenses drove the SG&A ratio from 60.8% in the same quarter of the previous year to 62.0%. - FY2020-Q1WorsenedAnnual 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), higher utility expenses, including electricity and gas, and higher logistics costs. SG&A as a percentage of net sales was 60.7% (60.0% in the same quarter of the previous year).」
Higher personnel costs, utility expenses, and logistics costs drove the SG&A ratio from 60.0% in the same quarter of the previous year to 60.7%. - FY2019WorsenedAnnual report
「In April, the company implemented base-pay increases to improve employee treatment for full-time employees and Friend employees (the company's term for part-time employees). SG&A as a percentage of net sales was 61.8% (61.3% in the previous fiscal year), due in part to higher personnel costs resulting from higher hourly wages for Friend employees, higher utility expenses, including electricity and gas, and higher logistics costs.」
Higher base pay, personnel costs, utility expenses, and logistics costs drove the SG&A ratio from 61.3% in the previous fiscal year to 61.8%. - FY2019-Q3WorsenedAnnual report
「In April, the company implemented base-pay increases to improve employee treatment for full-time employees and Friend employees (the company's term for part-time employees). SG&A as a percentage of net sales was 61.3% (60.5% in the same quarter of the previous year), partly due to higher utility expenses, including electricity and gas.」
Base-pay increases and higher utility expenses drove SG&A as a percentage of net sales from 60.5% in the same quarter of the previous year to 61.3%. - FY2019-Q2WorsenedAnnual report
「In April, the company implemented base-pay increases to improve employee treatment for full-time employees and Friend employees (the company's term for part-time employees). SG&A as a percentage of net sales was 60.8% (59.9% in the same quarter of the previous year), partly due to higher utility expenses, including electricity and gas.」
Base-pay increases and higher utility expenses drove the SG&A ratio from 59.9% in the same quarter of the previous year to 60.8%. - FY2019-Q1WorsenedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs resulting from base-pay increases to improve employee treatment, the opening of 5 new stores (3 in the same quarter of the previous year), and higher utility expenses, including electricity and gas. SG&A as a percentage of net sales was 60.0% (58.7% in the same quarter of the previous year).」
Base-pay increases, the increase in new store openings, and higher utility expenses drove the SG&A ratio from 58.7% in the same quarter of the previous year to 60.0%. - FY2018WorsenedAnnual 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).」
Higher personnel costs, social insurance costs, utility expenses, and expenses related to external standard taxation drove the SG&A ratio from 60.8% in the previous fiscal year to 61.3%. - FY2018-Q3WorsenedAnnual 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).」
Higher personnel costs, expanded social insurance coverage for short-hour workers, and higher expenses resulting from the increase in the external standard taxation rate drove SG&A as a percentage of net sales from 59.8% in the same quarter of the previous year to 60.5%. - FY2018-Q2WorsenedAnnual 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), bringing SG&A as a percentage of net sales to 59.9% (59.5% in the same quarter of the previous year).」
Against a backdrop of higher personnel costs, the SG&A ratio rose from 59.5% in the same quarter of the previous year to 59.9%. - FY2018-Q1AdvancedAnnual 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). However, lower initial costs for 3 new stores (8 in the same quarter of the previous year) and lower electricity and gas expenses brought SG&A as a percentage of net sales to 58.7% (59.5% in the same quarter of the previous year).」
Despite higher personnel costs, lower initial costs for new stores and lower electricity and gas expenses reduced the SG&A ratio from 59.5% in the same quarter of the previous year to 58.7%. - FY2017AdvancedAnnual 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. However, the number of new stores declined by 3 from the previous fiscal year to 22, and utility expenses also decreased, bringing SG&A as a percentage of net sales to 60.8% (60.9% in the previous fiscal year).」
Despite factors increasing personnel costs, the full-year SG&A ratio declined from 60.9% in the previous fiscal year to 60.8%. - FY2017-Q3WorsenedAnnual 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 initial costs for 19 new stores (16 in the same quarter of the previous year). However, lower utility expenses brought SG&A as a percentage of net sales to 59.8% (59.7% in the same quarter of the previous year).」
Personnel costs, expanded social insurance coverage for short-hour workers, and initial costs for new stores increased SG&A as a percentage of net sales from 59.7% in the same quarter of the previous year to 59.8%. - FY2017-Q2First statedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs, including hourly wage increases for Friend employees (the company's term for part-time employees), as well as initial costs for opening 12 new stores, the same number as in the same quarter of the previous year. However, lower utility expenses brought SG&A as a percentage of net sales to 59.5% (59.8% in the same quarter of the previous year).」
Despite increases in personnel costs and initial costs for new stores, lower utility expenses reduced SG&A as a percentage of net sales from 59.8% in the same quarter of the previous year to 59.5%.