Cost Reduction and Expense Controls During the Pandemic
First written in FY2020-Q2. 3 of 7 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Operating profit amounted to ¥222.122 million, up 6.9% year on year, as cost-consciousness took hold and the company worked to reduce expenses, despite incurring temporary costs related to the change of market listing.」
Despite incurring costs related to the change of market listing, operating profit increased 6.9% year on year as cost-consciousness took hold and expenses were reduced. - FY2021-Q3AdvancedAnnual report
「Operating profit was in the red in the first quarter accounting period due to the decline in sales, but from the second quarter onward, the recovery in sales and the entrenchment of cost-consciousness, including limiting overtime, resulted in a 67.3% increase for the six-month cumulative period through the second and third quarters from the same period of the previous year, and a 9.3% increase from the corresponding period of the fiscal year ended October 2019.」
Cost-consciousness, including limiting overtime, took hold, and combined with the recovery in sales, this resulted in a 67.3% year-on-year increase in operating profit for the six-month cumulative period through the second and third quarters. - FY2021-Q2AdvancedAnnual report
「Operating profit was in the red in the first quarter accounting period due to the decline in sales, but in the second quarter accounting period, the recovery in sales and the entrenchment of cost-consciousness, including limiting overtime, resulted in an increase of 41.8% from the same period of the previous year and an increase of 34.0% from the second quarter accounting period of the fiscal year ended October 2019.」
In the second quarter accounting period, cost-consciousness, including limiting overtime, took hold in addition to the recovery in sales, and operating profit increased 41.8% year on year. Profitability improved from the first-quarter loss. - FY2021-Q1Continued insufficient cost-cutting impactAnnual report
「Although the company implemented cost-cutting measures, including limiting overtime, cancelling nonessential business travel and scaling back or postponing various training programs, the savings did not reach a level sufficient to offset the decline in sales.」
Although the company continued its cost-cutting measures, savings did not reach a level sufficient to offset the decline in sales, and it recorded an operating loss in the first quarter. - FY2020Cost-consciousness taking holdAnnual report
「Sales were slightly below the revised earnings forecast, but profit exceeded the revised forecast as cost-consciousness took hold.」
Although the savings did not reach a level sufficient to fully offset the decline in sales, profit exceeded the revised earnings forecast as cost-consciousness took hold. - FY2020-Q3Insufficient cost-cutting impactAnnual report
「Although the company implemented cost-cutting measures, including limiting overtime, cancelling nonessential business travel and scaling back or postponing various training programs, the savings did not reach a level sufficient to offset the decline in sales.」
The company continued to limit overtime, cancel business travel and scale back or postpone training programs, but stated that the savings had not reached a level sufficient to offset the decline in sales. - FY2020-Q2First statedAnnual report
「Although the company implemented cost-cutting measures, including limiting overtime, cancelling nonessential business travel and postponing various training programs,」
To address the decline in sales caused by the infectious disease, the company is implementing cost-cutting measures, including limiting overtime, cancelling nonessential business travel and postponing training programs.