Strengthening the Earnings Structure through Fixed-Cost Compression and Expense Reduction
First written in FY2016. 9 of 31 entries say "Restated". Latest entry: 2026-08-06.
- FY2026Profit growth despite higher SG&A expensesAnnual report
「In terms of profit, the increase in net sales and other factors resulted in operating income of ¥3,219 million (up 47.6% year on year) and ordinary income of ¥3,451 million (up 53.4%).」
Although selling, general and administrative expenses increased to ¥26,577 million from the previous fiscal year, operating income and ordinary income increased due to the increase in net sales and other factors. - FY2026-H1Profit improvement despite higher selling, general and administrative expensesAnnual report
「In terms of profit, despite an increase in selling, general and administrative expenses, the increase in net sales and other factors resulted in operating income of ¥1,382 million (up 20.5% year on year), ordinary income of ¥1,464 million (up 33.7%), and interim profit attributable to owners of the parent of ¥848 million (up 36.5%).」
Although selling, general and administrative expenses increased, operating income, ordinary income, and interim profit exceeded the same period of the previous year due to the increase in net sales and other factors. No new specific measures to reduce fixed costs or expenses were described. - FY2025Profit decline continues due to higher expensesAnnual report
「However, in terms of profit, although net sales increased year on year, the cost of sales and selling, general and administrative expenses rose due to the impact of foreign exchange, higher personnel expenses, higher prices, and other factors. Operating income was ¥2,181 million (down 17.8% year on year), ordinary income was ¥2,249 million (down 17.4%), and profit attributable to owners of the parent for the fiscal year was ¥821 million (down 43.8%).」
Although net sales increased, higher cost of sales and selling, general and administrative expenses due to foreign exchange, personnel expenses, and higher prices became factors behind the decline in profit. - FY2025-H1Profit decline due to higher cost of sales and selling, general and administrative expensesAnnual report
「In terms of profit, in addition to a slight year-on-year decline in net sales, increases in the cost of sales and selling, general and administrative expenses resulted in operating income of ¥1,146 million (down 40.1% year on year), ordinary income of ¥1,095 million (down 44.2%), and interim profit attributable to owners of the parent of ¥621 million (down 48.6%).」
In addition to the slight decline in net sales, increases in the cost of sales and selling, general and administrative expenses were cited as factors behind the first-half declines in operating income, ordinary income, and interim profit. - FY2024Profit decline due to higher cost of sales and selling, general and administrative expensesAnnual report
「In terms of profit, in addition to the decline in net sales, increases in the cost of sales and selling, general and administrative expenses resulted in operating income of ¥2,654 million (down 25.7% year on year), ordinary income of ¥2,724 million (down 22.9%), and profit attributable to owners of the parent for the fiscal year of ¥1,462 million (down 22.0%).」
In addition to the decline in net sales, increases in the cost of sales and selling, general and administrative expenses were cited as factors behind the full-year decline in profit. - FY2024-Q3Profit decline due to higher cost of sales and selling, general and administrative expensesAnnual report
「In terms of profit, in addition to a year-on-year decline in net sales, increases in the cost of sales and selling, general and administrative expenses resulted in operating income of ¥2,652 million (down 20.6% year on year), ordinary income of ¥2,713 million (down 17.2%), and profit attributable to owners of the parent for the quarter of ¥2,002 million (down 0.7%).」
In addition to the year-on-year decline in net sales, increases in the cost of sales and selling, general and administrative expenses were cited as factors behind the decline in each profit measure. - FY2024-Q2Profit decline due to higher cost of sales and selling, general and administrative expensesAnnual report
「In terms of profit, in addition to a slight year-on-year decline in net sales, increases in the cost of sales and selling, general and administrative expenses resulted in operating income of ¥1,914 million (down 19.3% year on year), ordinary income of ¥1,963 million (down 17.3%), and profit attributable to owners of the parent for the quarter of ¥1,208 million (down 17.4%).」
Increases in the cost of sales and selling, general and administrative expenses, together with the slight decline in net sales, were cited as factors behind the year-on-year declines in each profit measure. - FY2021-Q3RestatedAnnual report
「In terms of profit, the company worked to restrain selling expenses, including advertising expenses, and reduce other administrative expenses. However, these efforts were insufficient to offset the decline in sales through the cumulative second quarter of the consolidated fiscal year. Operating profit was ¥1,106 million, down 52.1%; ordinary profit was ¥1,266 million, down 46.5%; and net income for the quarter attributable to owners of the parent was ¥667 million, down 54.0%.」
Although the Company continued to control selling and administrative expenses, it was unable to absorb the decline in net sales, and each profit measure fell below the same period of the previous year. - FY2021-Q2RestatedAnnual report
「In terms of profit, the Company worked to control selling expenses, including advertising expenses, and reduce other administrative expenses, but was unable to offset the significant decline in net sales. Operating loss was ¥592 million (operating income of ¥2,907 million in the same quarter of the previous year), ordinary loss was ¥431 million (ordinary income of ¥2,941 million), and loss attributable to owners of the parent for the quarter was ¥446 million (profit attributable to owners of the parent of ¥1,925 million).」
Although the Company continued to control selling and administrative expenses, it was unable to absorb the significant decline in net sales, resulting in an operating loss, ordinary loss, and loss attributable to owners of the parent for the cumulative second quarter. - FY2021-Q1Significant loss despite cost controlsAnnual report
「In terms of profit, the company worked to restrain selling expenses, including advertising expenses, and reduce other administrative expenses. However, these efforts were insufficient to offset the sharp decline in sales. Operating loss was ¥1,971 million (operating profit of ¥365 million in the same quarter of the previous year), ordinary loss was ¥1,963 million (ordinary profit of ¥371 million in the same quarter of the previous year), and net loss for the quarter attributable to owners of the parent was ¥1,439 million (net income attributable to owners of the parent of ¥207 million in the same quarter of the previous year).」
Although the Company controlled selling and administrative expenses, it was unable to absorb the significant decline in net sales, resulting in an operating loss, ordinary loss, and loss attributable to owners of the parent for the quarter. - FY2020AdvancedAnnual report
「Specifically, at each headquarters department and store, the Company will conduct a fundamental, zero-based review of all operations, including routine daily, weekly, monthly, and annual tasks, and overhaul them to reduce the time required. It will further improve productivity and use the time freed up to implement new initiatives.」
In addition to its policy of reducing fixed costs and lowering the break-even point, the Company presented specific measures to reduce time by reviewing all operations on a zero-based basis. - FY2020-Q3Profit growth restrained by investment in new business areasAnnual report
「On the other hand, in terms of profit, although net sales increased, the Company actively invested management resources to enter new business areas. As a result, operating income was limited to ¥2,309 million (up 1.9% year on year), ordinary income to ¥2,368 million (up 1.8%), and profit attributable to owners of the parent for the quarter to ¥1,449 million (up 1.9%).」
The Company attributed the limited profit growth relative to the increase in sales to its active investment of management resources in new business areas. - FY2020-Q1Lower profit due to higher selling, general and administrative expensesAnnual report
「On the other hand, higher selling, general and administrative expenses than in the previous fiscal year resulted in operating profit of ¥365 million, down 30.0% year on year; ordinary profit of ¥371 million, down 34.2%; and profit attributable to owners of the parent of ¥207 million, down 43.4%.」
Selling, general and administrative expenses exceeded the previous fiscal year, while operating income, ordinary income, and profit attributable to owners of the parent for the quarter fell below the same period of the previous year. - FY2019AdvancedAnnual report
「Due to higher net sales and efficient use of expenses, operating profit was ¥3,227 million, up 25.1% year on year; ordinary profit was ¥3,308 million, up 22.2%; and profit attributable to owners of the parent was ¥1,864 million, up 107.8%, resulting in higher sales and profits.」
Efficient use of expenses and higher net sales drove operating profit, ordinary profit and net profit above the previous year's levels. - FY2019-Q3AdvancedAnnual report
「Due to higher net sales and efficient use of expenses, operating profit was ¥2,266 million, up 22.0% year on year; ordinary profit was ¥2,325 million, up 17.0%; and profit attributable to owners of the parent was ¥1,421 million, up 67.6%.」
Efficient use of expenses and higher net sales drove operating profit, ordinary profit and profit attributable to owners of the parent above the previous year's levels. - FY2019-Q2AdvancedAnnual report
「Due to higher net sales and efficient use of expenses, operating profit was ¥1,418 million, up 35.6% year on year; ordinary profit was ¥1,489 million, up 32.9%; and profit attributable to owners of the parent was ¥920 million, up 137.8%.」
Higher net sales and efficient use of expenses drove operating profit, ordinary profit and profit attributable to owners of the parent above the previous year's levels. - FY2019-Q1AdvancedAnnual report
「Due to higher net sales and efficient use of expenses, operating profit was ¥521 million, compared with an operating loss of ¥9 million in the same quarter of the previous year; ordinary profit was ¥564 million, compared with ordinary profit of ¥16 million; and profit attributable to owners of the parent was ¥367 million, compared with a loss of ¥74 million in the same quarter of the previous year.」
The company highlighted efficient use of expenses and moved from operating and net losses in the previous year to operating and net profitability. - FY2018RestatedAnnual report
「The company will review the group's earnings structure and thoroughly eliminate waste of all kinds to reduce fixed costs, lower the break-even point and establish an efficient and effective earnings structure.」
The company continues to strengthen its earnings structure by reviewing its earnings structure, reducing fixed costs and lowering the break-even point. - FY2018-Q3RestatedAnnual report
「Although the company controlled expenses, mainly selling-related expenses, it was unable to fully offset the decline in net sales. Operating profit was ¥1,857 million, down 17.4% year on year; ordinary profit was ¥1,987 million, down 16.9%; and profit attributable to owners of the parent was ¥848 million, down 43.8%.」
The company continued to control expenses, mainly selling-related expenses, but was unable to offset the decline in net sales, leaving operating profit, ordinary profit and net profit below the previous year's level. - FY2018-Q2RestatedAnnual report
「Although the company controlled expenses, mainly selling-related expenses, it was unable to fully offset the decline in net sales. Operating profit was ¥1,045 million, down 7.4% year on year; ordinary profit was ¥1,120 million, up 11.5%, partly due to foreign exchange effects; and profit attributable to owners of the parent was ¥387 million, down 38.5%, partly due to impairment losses on consolidated subsidiaries.」
The company continued to control expenses, mainly selling-related expenses, but was unable to offset the decline in sales, leaving operating profit and profit attributable to owners of the parent below the previous year's level. - FY2018-Q1RestatedAnnual report
「Although the company controlled expenses, mainly selling-related expenses, it was unable to fully offset the decline in net sales. Operating profit was a loss of ¥9 million, compared with operating profit of ¥321 million in the same quarter of the previous year; ordinary profit was ¥16 million, down 91.3%; and profit attributable to owners of the parent was a loss of ¥74 million, compared with profit of ¥156 million in the same quarter of the previous year.」
The company controlled expenses, mainly selling-related expenses, but was unable to offset the decline in sales, resulting in operating and net losses attributable to owners of the parent. - FY2017-Q3RestatedAnnual report
「Although the company reduced expenses, mainly selling-related expenses, it was unable to fully offset the decline in net sales and increase in the cost-of-sales ratio. Operating profit was ¥2,248 million, down 15.1% year on year; ordinary profit was ¥2,391 million, down 13.2%; and profit attributable to owners of the parent was ¥1,510 million, up 0.0%.」
The company continued to reduce expenses, mainly selling-related expenses, but was unable to offset the decline in net sales and rise in the cost-of-sales ratio, leaving operating profit and ordinary profit below the previous year's level. - FY2017-Q2RestatedAnnual report
「Although the company reduced expenses, mainly selling-related expenses, it was unable to fully offset the decline in net sales and increase in cost of sales. Operating profit was ¥1,129 million, down 33.8% year on year; ordinary profit was ¥1,004 million, down 43.5%; and profit attributable to owners of the parent was ¥629 million, down 34.5%.」
The company continued to reduce expenses, mainly selling-related expenses, but was unable to offset the decline in net sales and increase in cost of sales, resulting in lower profits across the board. - FY2017-Q1RestatedAnnual report
「Although the company reduced expenses, mainly selling-related expenses, it was unable to fully offset the decline in net sales and increase in cost of sales. Operating profit was ¥321 million, down 61.5% year on year.」
The company reduced expenses, mainly selling-related expenses, but was unable to offset the decline in sales and increase in costs. - FY2016First statedAnnual report
「On the cost side, the company will lower its break-even point by reducing fixed costs and work to cut expenses across the group in order to strengthen its earnings structure, while improving profit margins through efficient use of expenses.」
The company is using fixed-cost reductions, a lower break-even point and company-wide expense reductions to improve profitability.