Profit pressure from higher rental procurement costs
First written in FY2018-Q2. 3 of 6 entries say "Mitigated", first in FY2019. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021MitigatedAnnual report
「Rental purchases amounted to ¥716.233 million, or 47.2% of the same period of the previous year.」
Rental purchases declined to 47.2% of the same period of the previous year, further reducing the impact of rental procurement costs that had weighed on earnings in the previous fiscal year. - FY2020MitigatedAnnual report
「Rental purchases amounted to ¥1,518.342 million, or 86.5% of the same period of the previous year.」
The increase in rental procurement costs that weighed on earnings in the previous fiscal year had a reduced impact, with rental purchases declining to 86.5% of the same period of the previous year. - FY2019MitigatedAnnual report
「In addition, as a result of improving gross margins on specialty goods and stationery and on rental operations, the company recorded an operating profit of ¥174 million (operating loss of ¥1,132 million in the same period of the previous year) and an ordinary profit of ¥154 million (ordinary loss of ¥1,199 million).」
Rental purchases declined to 69.9% of the same period of the previous year, and rental gross margin improvement measures were implemented, reducing the impact of the rise in rental costs that had weighed on earnings in the previous fiscal year. - FY2018WorsenedAnnual report
「Rental purchases amounted to ¥2,511.402 million, or 318.7% of the same period of the previous year. In terms of earnings, although the selling, general and administrative expense ratio fell by 0.6 percentage points, gross profit declined by 12.3 percentage points year on year due to higher cost of sales, mainly as a result of increased rental procurement costs, resulting in an operating loss of ¥1,132 million (operating profit of ¥307 million in the same period of the previous year).」
Rental purchases increased to 318.7% of the same period of the previous year and contributed to the operating loss through higher cost of sales and lower gross profit. - FY2018-Q3RestatedAnnual report
「Due to higher cost of sales, mainly as a result of increased rental procurement costs, the company recorded an operating loss of ¥874 million (operating profit of ¥121 million in the same quarter of the previous year), an ordinary loss of ¥922 million (ordinary profit of ¥85 million), and a quarterly net loss attributable to owners of the parent of ¥1,401 million (quarterly net income attributable to owners of the parent of ¥26 million).」
The rise in cost of sales, mainly driven by higher rental procurement costs, continues to be cited as a factor behind the operating loss and other losses in the current quarter. - FY2018-Q2First statedAnnual report
「Due to higher cost of sales, mainly as a result of increased rental procurement costs, the company recorded an operating loss of ¥448 million (operating profit of ¥381 million in the same quarter of the previous year).」
The rise in cost of sales, mainly driven by higher rental procurement costs, is actually cited as a factor behind the operating loss, ordinary loss and quarterly net loss.