Naito & (7624) · FactHead Office and Logistics-Center Relocation Costs and Outsourcing of Logistics Operations Became Factors Behind Lower Earnings
Recognition of Expenses Related to Relocating Logistics Centers
First written in FY2024-Q3. . Latest entry: FY2024.
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- FY2024Head Office and Logistics-Center Relocation Costs and Outsourcing of Logistics Operations Became Factors Behind Lower EarningsAnnual report
「Operating income was ¥505 million, down ¥381 million, or 43.0%, from the same period of the previous fiscal year. Selling, general and administrative expenses increased due to expenses related to the relocation of the logistics centers and headquarters and the outsourcing of logistics operations, while gross profit decreased in line with the decline in net sales.」
Regarding the relocation-related expenses identified in the third quarter, the Company explained for the full fiscal year that expenses related to the relocation of headquarters and logistics centers and outsourcing of logistics operations increased selling, general and administrative expenses and became factors contributing to the decrease in operating income. - FY2024-Q3First statedAnnual report
「In terms of profit, expenses related to the relocation were also recognized.」
During the first nine months of the fiscal year, when the Chubu Logistics Center and East Japan Logistics Center were relocated, the recognition of relocation-related expenses was disclosed as one factor contributing to the decrease in profit.