Komori
Shigematsu Works (7980) · InitiativeProfit margin deteriorated due to factory relocation costs and other expenses

Improving Management Efficiency and Strengthening Earning Power

First written in FY2016. 20 of 33 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.

33entries
11years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseAdvancedFY2019-Q3 – FY2023-Q32016: 220162017: 320172018: 420182019: 420192020: 420202021: 420212022: 420222023: 320232024: 220242025: 220252026: 12026
Same theme, other companies
Profitability Improvement through Rationalization, Cost Reduction and Productivity ImprovementA theme 78 companies write about · 0 as a headwind · 81 as a tailwind

5 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 78 companies compared. The sentences above are computed from all 78.
Full recordFilings, disclosures and news, newest first
  1. FY2026Profit margin deteriorated due to factory relocation costs and other expensesAnnual report

    「In terms of earnings, the product cost ratio deteriorated due to higher material and labor costs and costs associated with relocating the production line for canisters from the Saitama plant following completion of the third plant at the Funabiki facility. However, gross profit rose 4.0% year on year to ¥4,609 million due to higher product sales and, among other factors, higher merchandise sales.」

    The product cost ratio deteriorated due to higher material and labor costs and expenses for relocating the canister production line, while gross profit increased 4.0% year on year.
  2. FY2026-H1Deterioration in profitability due to raw materials and labor costsAnnual report

    「In terms of earnings, although the company worked to reduce product costs, the product cost ratio deteriorated due to higher raw material prices and labor costs, increased depreciation expenses for molds, and other factors. Product sales remained flat year on year at ¥4,614 million, and gross profit declined 3.4% year on year to ¥1,836 million. Selling, general and administrative expenses increased overall to ¥1,748 million, up 6.6% year on year, due to higher personnel costs, increased advertising and promotional expenses associated with participation in various trade shows, and costs related to the new core system introduced in September of the previous year.」

    While working to reduce product costs, the company saw the product cost ratio deteriorate due to higher raw material prices, labor costs and depreciation expenses for molds, resulting in a 3.4% year-on-year decline in gross profit. Advertising and promotional expenses for trade shows and other events, as well as core-system costs, also contributed to a 6.6% increase in selling, general and administrative expenses.
  3. FY2025AdvancedAnnual report

    「In terms of earnings, despite the impact of higher material and labor costs, gross profit rose 10.7% year on year to ¥4,431 million due to higher product sales and an improved product cost ratio. Selling, general and administrative expenses increased 4.5% year on year to ¥3,361 million overall. General and administrative expenses rose partly because of higher personnel costs and costs related to the new core system introduced in September of the previous year, but selling expenses were contained through efficient sales activities.」

    Improvement in the product cost ratio and the containment of selling expenses through efficient sales activities increased gross profit 10.7% and limited the increase in selling, general and administrative expenses to 4.5%.
  4. FY2025-H1AdvancedAnnual report

    「In terms of earnings, product costs increased substantially as a result of higher product sales, but gross profit rose 7.8% year on year to ¥1,901 million due to an improvement in the product cost ratio. Selling, general and administrative expenses increased 1.6% year on year to ¥1,640 million overall. General and administrative expenses rose partly because of costs related to the new core system introduced in September, but selling expenses were reduced through efficient sales activities.」

    Improvement in the product cost ratio and lower selling expenses due to efficient sales activities increased gross profit 7.8% year on year, while the increase in selling, general and administrative expenses was limited to 1.6%. The specific effects of improved efficiency and stronger earnings capacity are evident.
  5. FY2024-Q3Deterioration in the cost ratio due to higher raw material prices and lower product salesAnnual report

    「In terms of earnings, the company worked to reduce manufacturing costs, but the manufacturing cost ratio deteriorated by 3.7 points due to soaring raw material prices and lower product sales. As a result, gross profit declined 10.3% year on year to ¥2,682 million.」

    While working to reduce manufacturing costs, the company saw the manufacturing cost ratio deteriorate by 3.7 points due to soaring raw material prices and lower product sales, resulting in a 10.3% year-on-year decline in gross profit.
  6. FY2024-Q2RestatedAnnual report

    「In terms of earnings, the company continued to maintain an efficient production structure, but the substantial impact of lower product sales and a 3.7-point deterioration in the manufacturing cost ratio resulted in gross profit declining 8.8% year on year to ¥1,764 million.」

    The company continued to maintain an efficient production structure, but the decline in product sales caused the manufacturing cost ratio to deteriorate by 3.7 points, resulting in an 8.8% year-on-year decline in gross profit.
  7. FY2024-Q1RestatedAnnual report

    「In terms of earnings, the company maintained an efficient production structure from the previous fiscal year, and gross profit remained at ¥852 million, roughly the same level as in the same quarter of the previous year.」

    The company explained that it maintained an efficient production structure from the previous fiscal year and kept gross profit at roughly the same level as in the same quarter of the previous year.
  8. FY2023-Q3AdvancedAnnual report

    「In terms of earnings, gross profit rose 19.3% year on year to ¥2,992 million due to an improvement in the product cost ratio. Selling, general and administrative expenses increased 2.8% year on year to ¥2,290 million overall, as personnel and transportation costs rose with higher net sales, despite continued efforts to promote efficient sales activities.」

    Improvement in the product cost ratio increased gross profit 19.3% year on year, while efficient sales activities limited the increase in selling, general and administrative expenses to 2.8%. The specific effects of improved management efficiency and stronger earnings capacity are evident.
  9. FY2023-Q2AdvancedAnnual report

    「In terms of earnings, product costs increased as a result of higher product sales, but gross profit rose 24.5% year on year to ¥1,934 million due to an improvement in the product cost ratio. Selling, general and administrative expenses increased 4.1% year on year to ¥1,527 million overall as a result of efforts to promote efficient sales activities.」

    Improvement in the product cost ratio and efficient sales activities increased gross profit 24.5% year on year and limited the increase in selling, general and administrative expenses to 4.1%.
  10. FY2023-Q1AdvancedAnnual report

    「Although net sales increased, selling, general and administrative expenses were held to an increase of ¥20 million, reaching ¥729 million year on year, through reductions in various expenses following a review of sales activities.」

    The company explained that, despite higher net sales, reductions in various expenses following a review of sales activities limited the increase in selling, general and administrative expenses to ¥20 million.
  11. FY2022AdvancedAnnual report

    「Selling, general and administrative expenses decreased 5.2% year on year to ¥3,097 million, reflecting the effect of expense reductions following a review of sales activities and lower transportation and other costs accompanying the decline in net sales.」

    Selling, general and administrative expenses decreased 5.2% year on year due to expense reductions following a review of sales activities and lower transportation and other costs.
  12. FY2022-Q3AdvancedAnnual report

    「Selling, general and administrative expenses decreased 2.9% year on year to ¥2,228 million, reflecting the effect of expense reductions following a review of sales activities and lower transportation and other costs accompanying the decline in net sales.」

    Selling, general and administrative expenses decreased 2.9% year on year due to expense reductions following a review of sales activities and lower transportation and other costs.
  13. FY2022-Q2AdvancedAnnual report

    「Selling, general and administrative expenses decreased 3.6% year on year to ¥1,467 million, reflecting the effect of expense reductions following a review of sales activities and lower transportation and other costs accompanying the decline in net sales.」

    Selling, general and administrative expenses decreased 3.6% year on year due to expense reductions following a review of sales activities and lower transportation and other costs.
  14. FY2022-Q1AdvancedAnnual report

    「Selling, general and administrative expenses decreased 2.9% year on year to ¥708 million, reflecting the effect of expense reductions following a review of sales activities and lower transportation and other costs accompanying the decline in net sales.」

    Selling, general and administrative expenses decreased 2.9% year on year due to expense reductions following a review of sales activities and lower transportation and other costs.
  15. FY2021AdvancedAnnual report

    「Selling, general and administrative expenses increased by ¥103 million to ¥3,266 million, representing a 3.3% year-on-year increase, as expense reductions following a review of traditional sales activities proved effective.」

    Effective expense reductions following a review of sales activities limited the increase in selling, general and administrative expenses to 3.3% year on year despite higher net sales.
  16. FY2021-Q3AdvancedAnnual report

    「Selling, general and administrative expenses declined 2.2% year on year to ¥2,295 million overall. Although transportation and other costs increased with higher sales, reductions in overhead costs resulting from a review of the company's previous sales methods were effective.」

    By reducing various expenses after reviewing its traditional sales activities, selling, general and administrative expenses decreased 2.2% year on year despite higher net sales.
  17. FY2021-Q2AdvancedAnnual report

    「Selling, general and administrative expenses declined 1.3% year on year to ¥1,522 million overall. Although transportation and other costs increased with higher sales, reductions in overhead costs resulting from a review of the company's previous sales methods were effective.」

    The company reviewed its previous sales methods and reduced overhead costs, resulting in a 1.3% year-on-year decline in selling, general and administrative expenses despite higher sales.
  18. FY2021-Q1AdvancedAnnual report

    「Selling, general and administrative expenses declined 4.7% year on year to ¥729 million. Although transportation and other costs increased with higher sales, reductions in overhead costs resulting from a review of the company's previous sales methods were effective.」

    The company reviewed its previous sales methods and reduced overhead costs, resulting in a 4.7% year-on-year decline in selling, general and administrative expenses.
  19. FY2020AdvancedAnnual report

    「On the profit front, gross profit rose 11.1% from the previous fiscal year to ¥3,470 million, reflecting higher sales and a 2.1-point improvement in the product cost ratio resulting from improved production efficiency.」

    Improved production efficiency led to a 2.1-point improvement in the product cost ratio and an 11.1% year-on-year increase in gross profit.
  20. FY2020-Q3AdvancedAnnual report

    「On the profit front, gross profit rose 9.8% year on year to ¥2,242 million, reflecting higher sales and a roughly 3-point improvement in the product cost ratio resulting from reductions in manufacturing overhead costs and other factors.」

    Reductions in manufacturing overhead costs and other factors improved the product cost ratio by approximately 3 points, resulting in a 9.8% year-on-year increase in gross profit. Specific benefits from improved efficiency and stronger earnings power are evident.
  21. FY2020-Q2AdvancedAnnual report

    「On the profit front, gross profit rose 13.4% year on year to ¥1,502 million, reflecting higher sales and reductions in overhead costs resulting from improved production efficiency.」

    The company explains that reductions in overhead costs resulting from improved production efficiency, together with higher sales, contributed to a 13.4% year-on-year increase in gross profit.
  22. FY2020-Q1AdvancedAnnual report

    「On the profit front, gross profit rose 11.2% year on year to ¥677 million, reflecting higher sales and the effect of lower manufacturing expenses, including outsourced processing costs.」

    In addition to higher sales, lower manufacturing expenses, including outsourced processing costs, resulted in an 11.2% year-on-year increase in gross profit. Specific benefits from improved management efficiency and stronger earnings power are evident.
  23. FY2019AdvancedAnnual report

    「Although the company worked to reduce personnel expenses by strengthening efficient sales activities, higher costs, primarily advertising expenses, were unavoidable to support stronger sales. As a result, selling, general and administrative expenses declined only 0.6% from the previous fiscal year to ¥3,030 million.」

    The company reduced personnel expenses by strengthening efficient sales activities and cut SG&A expenses 0.6% from the previous fiscal year despite higher advertising and other costs.
  24. FY2019-Q3AdvancedAnnual report

    「Selling, general and administrative expenses declined 1.6% year on year to ¥2,270 million. Although expenditures increased in connection with strengthened sales activities, the company worked to reduce personnel expenses and other costs.」

    Although expenditures increased in connection with strengthened sales activities, SG&A expenses declined 1.6% year on year as a result of efforts to reduce personnel expenses and other costs.
  25. FY2019-Q2RestatedAnnual report

    「Selling, general and administrative expenses were ¥1,505 million, essentially unchanged from the same quarter of the previous year. Although the company focused on reducing personnel expenses and other costs, this was offset by higher costs associated with strengthening sales of new products.」

    The policy of focusing on reductions in personnel expenses and other costs continues, but SG&A expenses were essentially unchanged year on year due to higher costs associated with strengthening sales of new products.
  26. FY2019-Q1RestatedAnnual report

    「Selling, general and administrative expenses were ¥751 million, essentially unchanged from the same quarter of the previous year. Although the company focused on reducing personnel expenses and other costs in line with the decline in sales, this was offset by higher costs associated with strengthening sales of new products.」

    The company focused on reducing personnel expenses and other costs in response to lower sales, but SG&A expenses were essentially unchanged from the same quarter of the previous year due to higher costs associated with strengthening sales of new products. Efforts to improve efficiency and reduce costs are continuing.
  27. FY2018RestatedAnnual report

    「② We will strengthen our competitiveness in the market by maintaining and improving productivity and quality while pursuing further cost reductions. ③ We will constantly pursue innovation and improvement and promote rationalization and greater efficiency across management.」

    The company reaffirms its policy of enhancing market competitiveness and earnings power through higher productivity and quality, cost reductions, and the rationalization and greater efficiency of management overall.
  28. FY2018-Q3RestatedAnnual report

    「On the profit front, although the merchandise cost ratio improved, gross profit rose only 1.5% year on year to ¥2,104 million.」

    Although the merchandise cost ratio improved, gross profit rose only 1.5%, and no new achievements related to the policy of improving management efficiency and strengthening earnings power were stated.
  29. FY2018-Q2RestatedAnnual report

    「On the profit front, although we continued working to improve production efficiency, gross profit declined 1.8% year on year to ¥1,349 million, due primarily to higher overhead costs associated with strengthening the supply structure for various products.」

    The company continues to work to improve production efficiency, but gross profit declined due to higher overhead costs associated with strengthening the supply structure.
  30. FY2018-Q1AdvancedAnnual report

    「On the profit front, although manufacturing overhead costs associated with strengthening the supply structure for various products continued to weigh on results, improvements in the merchandise cost ratio resulted in gross profit rising 1.7% year on year to ¥657 million.」

    Gross profit rose 1.7% year on year due to an improvement in the merchandise cost ratio.
  31. FY2017-Q3RestatedAnnual report

    「On the profit front, although we continued working to improve production efficiency, higher personnel expenses and other costs associated with strengthening the supply structure for various products increased product costs. As a result, gross profit declined 18.8% year on year to ¥2,073 million.」

    The company continues to work to improve production efficiency, but gross profit fell below the previous period due to higher costs associated with strengthening the supply structure.
  32. FY2017-Q2RestatedAnnual report

    「On the profit front, although we continued working to improve production efficiency and reduce manufacturing expenses, gross profit declined 16.4% year on year to ¥1,373 million, due to higher personnel expenses and other costs associated with strengthening the supply structure for various products toward the second half of the fiscal year.」

    The company continues to work to improve production efficiency and reduce manufacturing expenses.
  33. FY2016First statedAnnual report

    「To fulfill this role reliably, we will continue to improve management efficiency and strengthen earnings power.」

    The direction is stated, but no specific numerical targets or deadlines are provided.
Moved together

"Capital Investment to Expand Production Capacity and Improve Production Efficiency" moved the same way as this thread, in the same document, in 13 of its 33 moves.

131211985★123456
  1. ★This thread
  2. 1Capital Investment to Expand Production Capacity and Improve Production Efficiency13×
  3. 2Profit Improvement Driven by Higher Sales and Production Efficiency12×
  4. 3Financing through increased short-term borrowings11×
  5. 4Decline in Nuclear Power Plant Orders and Firm Manufacturing Orders9×
  6. 5Disaggregated Disclosure of Revenue by Product for Respiratory Protective Equipment8×
  7. 6Research and development and new product development in collaboration with customers and relevant institutions5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Shigematsu Works's next results are scheduled for 2026-11-05. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.