Management rationalization and a review of the cost structure to ensure business continuity
First written in FY2023-Q2. 8 of 11 entries say "Advanced", first in FY2023-Q3. Latest entry: 2026-03-13.
- FY2026-H1Up-front investment in growth areas alongside selective cost controlsAnnual report
「Selling, general and administrative expenses increased year on year as investment in rebuilding the earnings base was brought forward in response to changes in the sales structure. This resulted from active strategic investment in growth areas, including higher personnel expenses due to new hires, regular salary increases and base-pay increases, and enhanced bonuses, as well as higher sales commissions and marketing expenses associated with expanding mall-based EC channels. At the same time, a degree of cost-control benefit emerged from measures including the withdrawal from unprofitable stores at department stores and directly operated stores.」
While management rationalization and cost controls continued, investment in growth areas, including new hires, wages and bonuses, EC sales commissions, and marketing expenses, was brought forward, resulting in a year-on-year increase in selling, general and administrative expenses. - FY2025-H1AdvancedAnnual report
「In the mass-retail channel, the company identified expanding new channels as one of its key priorities. In addition to newly securing business with a major footwear distributor whose business is highly compatible with socks, sales remained strong due to deeper distribution sales with collaboration partners and the development of new seasonal products. As a result of efforts to reduce logistics expenses and product costs, revenue and profit increased from the same period of the previous year.」
In addition to securing new business, distribution sales through collaboration partners, and developing new seasonal products, the company reduced logistics expenses and product costs, resulting in higher revenue and profit from the previous year in the mass-retail channel. - FY2024AdvancedAnnual report
「In addition to the effects of management rationalization measures implemented in the previous fiscal year, the company significantly reduced logistics costs through distribution reform and lowered its selling, general and administrative expense ratio.」
In addition to management rationalization measures implemented in the previous fiscal year, the company advanced distribution reform, significantly reduced logistics costs, and lowered its selling, general and administrative expense ratio. - FY2024-Q3AdvancedAnnual report
「Selling, general and administrative expenses declined from the previous year due to the cost savings from management rationalization in the previous fiscal year, as well as lower logistics expenses resulting from fewer returns and collaboration with other companies.」
In addition to management rationalization in the previous fiscal year, fewer returns and lower logistics expenses through collaboration with other companies reduced selling, general and administrative expenses from the previous year. The effects of the rationalization measures continued to be reflected in expenses. - FY2024-Q2AdvancedAnnual report
「Selling, general and administrative expenses declined from the previous year due to the cost savings from management rationalization implemented in the previous fiscal year, together with rigorous cost controls.」
Selling, general and administrative expenses declined from the previous year due to the effects of management rationalization and cost controls implemented in the previous fiscal year. The effects of the rationalization measures were reflected in expenses for the quarter. - FY2024-Q1AdvancedAnnual report
「Selling, general and administrative expenses declined from the previous year and remained in line with the plan, reflecting the cost-reduction benefits of management rationalization and the company’s efforts to implement rigorous cost controls.」
Selling, general and administrative expenses declined from the previous year due to management rationalization and cost controls, and remained in line with the plan. - FY2023AdvancedAnnual report
「Under its next earnings plan, the company expects to return to profitability through rigorous cost management, including cost reductions from management rationalization measures; higher profit from strengthening in-store sales through existing channels and developing new mass-retail channels; thorough implementation of cost-reduction measures such as relocating production areas and improving the gross profit margin through changes in selling prices; and further expansion of its mail-order business through EC and other high-profitability channels with room for growth.」
The company moved from implementing management rationalization measures to executing its next plan for a return to profitability, combining cost management, channel development, production relocation, selling-price revisions, and EC expansion. - FY2023-Q3AdvancedAnnual report
「In addition, the company aims to restore performance by rigorously controlling costs, procurement, and inventory, and implementing the management rationalization measures announced on 13 September 2022.」
In addition to the Fifth Medium-Term Management Plan, the company moved into the implementation phase for the management rationalization measures announced on 13 September 2022. It also specified rigorous control of costs, procurement, and inventory. - FY2023-Q2First statedAnnual report
「However, as the business environment surrounding our company is expected to remain uncertain due to changes in consumer behavior caused by COVID-19 lasting longer than anticipated, soaring energy and raw material prices, and the sharp depreciation of the yen, among other factors, we determined that further reviews of our cost structure were essential to ensure business continuity and decided to implement the following management rationalization measures.」
To ensure business continuity, the company decided for the first time on management rationalization measures aimed at reviewing its cost structure. These include withdrawing from the wholesale outerwear business for mass retailers, closing unprofitable sales locations, and soliciting voluntary retirements.