Company-wide cost reductions (¥50 million annually)
First written in FY2018-Q3. 20 of 24 entries say "Advanced", first in FY2018. Latest entry: FY2026-H1.
- FY2026-H1Increase in selling, general and administrative expenses due to an increase in subsidiariesAnnual report
「SG&A totaled ¥336 million, up 21.8% year on year due to an increase in the number of subsidiaries.」
Although the company proceeded with business downsizing and fixed-cost reductions, SG&A increased 21.8% year on year due to an increase in the number of subsidiaries. - FY2025AdvancedAnnual report
「SG&A totaled ¥591 million, up 15.8% year on year, as the net increase in expenses from the consolidation of Ist Group, referred to above, and the expensing in full of ¥28 million in share acquisition-related costs associated with its M&A outweighed lower expenses from store closures in the apparel business and expense reductions in the real estate business. Meanwhile, the expense ratio fell 6.1 percentage points year on year to 33.7%.」
Although the company proceeded with store closures in the apparel business and expense reductions in the real estate business, consolidated SG&A increased due to the consolidation of Ist Group and M&A-related expenses. The expense ratio fell 6.1 percentage points as sales expanded. - FY2024AdvancedAnnual report
「SG&A totaled ¥511 million, down 72.2% year on year, mainly due to substantial expense reductions accompanying the downsizing and withdrawal from the apparel and nursery school businesses, as well as lower M&A-related expenses.」
Company-wide SG&A decreased 72.2% year on year due to business downsizing and withdrawal and lower M&A-related expenses. - FY2024-Q2AdvancedAnnual report
「SG&A totaled ¥252 million, down 79.9% year on year, mainly due to substantial expense reductions accompanying the downsizing and withdrawal from the apparel and nursery school businesses, as well as lower M&A-related expenses.」
SG&A decreased 79.9% year on year due to the downsizing and withdrawal from the apparel and nursery school businesses and lower M&A-related expenses. - FY2023AdvancedAnnual report
「SG&A increased due to a net increase in expenses accompanying the expansion of the real estate business, one-off expenses including ¥149 million in share acquisition-related costs associated with M&A in the real estate business and ¥30 million in registration costs related to the syndicated loan agreement described below, and higher amortization of goodwill. However, expenses in the apparel business decreased substantially due to lower personnel expenses resulting from business downsizing, including store closures and streamlining head-office operations, as well as lower store rent. As a result, company-wide SG&A totaled ¥1,838 million, down 22.2% year on year.」
Despite increases in one-off and other expenses, company-wide SG&A decreased 22.2% year on year due to store closures and head-office streamlining. - FY2023-Q3AdvancedAnnual report
「Expenses in the apparel business decreased substantially due to lower personnel expenses resulting from business downsizing, including store closures and streamlining head-office operations, as well as lower store rent.」
Fixed costs in the apparel business, including personnel expenses and store rent, decreased substantially as stores were closed and head-office staffing was streamlined. - FY2023-Q2AdvancedAnnual report
「Expenses in the apparel business decreased due to lower personnel expenses resulting from business downsizing, including a narrower brand portfolio and store closures, and reductions in external logistics costs through the in-house operation of logistics.」
Reductions in personnel expenses and external logistics costs through narrowing the brand portfolio, closing stores and bringing logistics in-house were reflected in lower expenses in the apparel business. - FY2023-Q1AdvancedAnnual report
「Expenses in the apparel business decreased due to lower personnel expenses resulting from business downsizing, including a narrower brand portfolio and store closures, and reductions in external logistics costs through the in-house operation of logistics.」
Cost reductions from narrowing the brand portfolio, closing stores and bringing logistics in-house were reflected in lower expenses in the apparel business. - FY2022AdvancedAnnual report
「SG&A totaled ¥2,361 million, down 9.4% year on year. Although there was a rebound increase in personnel and other expenses following their decline in the previous fiscal year due to store closures and shorter working hours, store expenses fell following the closure of unprofitable stores, and shipping costs for online sales also decreased.」
SG&A decreased 9.4% year on year, due to the closure of unprofitable stores and lower shipping costs for online sales. - FY2022-Q2AdvancedAnnual report
「SG&A totaled ¥1,157 million, down 6.4% year on year. Although there was a rebound increase in personnel and other expenses following their decline in the previous fiscal year due to store closures and shorter working hours, store expenses fell following the closure of unprofitable stores, and shipping costs for online sales also decreased.」
SG&A decreased 6.4% year on year, due to the closure of unprofitable stores and lower shipping costs for online sales. - FY2022-Q1AdvancedAnnual report
「SG&A totaled ¥591 million, down 9.3% year on year, due to lower store expenses from the closure of unprofitable stores and lower shipping costs for online sales.」
SG&A decreased 9.3% year on year, due to the closure of unprofitable stores and lower shipping costs for online sales. - FY2021AdvancedAnnual report
「SG&A totaled ¥2,607 million, down 8.0% year on year. This reflected lower personnel expenses and store rent due to store closures and shorter working hours in April and May, as well as the closure of unprofitable stores and efforts to reduce other expenses such as travel costs, despite increases in logistics and other costs associated with growth in online sales and higher expenses in the wearable IoT business.」
SG&A decreased 8.0% year on year, due to the closure of unprofitable stores, store closures and shorter working hours, and reductions in other expenses. - FY2021-Q3AdvancedAnnual report
「SG&A totaled ¥1,902 million, down 10.2% year on year. This reflected lower personnel expenses and store rent as stores were temporarily closed and working hours shortened, as well as efforts to reduce other expenses such as travel costs, despite increases in logistics and other costs associated with growth in online sales and higher expenses in the wearable IoT business.」
SG&A decreased 10.2% year on year, reflecting lower personnel expenses and store rent due to store closures and shorter working hours, as well as reductions in other expenses. - FY2021-Q2AdvancedAnnual report
「SG&A totaled ¥1,236 million, down 9.3% year on year. This reflected efforts to reduce personnel expenses and store rent as stores were temporarily closed and working hours shortened, as well as other expenses such as travel costs, despite increases in logistics and other costs associated with growth in online sales and higher expenses in the wearable IoT business.」
SG&A decreased 9.3% year on year to ¥1,236 million, reflecting lower costs from store closures and shorter working hours, as well as reductions in other expenses. - FY2021-Q1AdvancedAnnual report
「Selling, general and administrative expenses decreased 4.8% year on year to ¥651 million. This reflected efforts to reduce personnel expenses and store rents as stores suspended operations or shortened working hours, as well as cuts in travel expenses and other costs, despite increases in logistics expenses associated with growth in e-commerce sales and expenses associated with the increase in childcare centers operated under contract.」
By reducing store operating costs, fixed costs and other expenses, SG&A decreased 4.8% year on year. - FY2020AdvancedAnnual report
「Selling, general and administrative expenses in the existing apparel business decreased 5.7% year on year as a result of efforts to reduce expenses by reviewing the store operating structure, cutting other fixed and variable costs, and reducing the variable-cost ratio.」
The company reviewed its store operating structure and reduced fixed and variable costs, resulting in a 5.7% year-on-year decrease in selling, general and administrative expenses in the existing apparel business. - FY2020-Q3AdvancedAnnual report
「Selling, general and administrative expenses in the existing apparel business decreased 2.0% year on year as a result of efforts to reduce expenses by reviewing the store operating structure and cut other fixed costs.」
The company reviewed its store operating structure and reduced fixed costs, resulting in a 2.0% year-on-year decrease in selling, general and administrative expenses in the existing apparel business. - FY2020-Q2AdvancedAnnual report
「Selling, general and administrative expenses in the existing apparel business decreased 1.5% year on year as a result of efforts to reduce expenses by reviewing the store operating structure and cut other fixed costs.」
The company reviewed its store operating structure and reduced fixed costs, resulting in a 1.5% year-on-year decrease in selling, general and administrative expenses in the existing apparel business. - FY2020-Q1AdvancedAnnual report
「Selling, general and administrative expenses in the existing apparel business decreased 2.4% year on year as a result of efforts to reduce expenses by reviewing the store operating structure and cut other fixed costs.」
The company reviewed its store operating structure and reduced fixed costs, resulting in a 2.4% year-on-year decrease in selling, general and administrative expenses in the existing apparel business. - FY2019RestatedAnnual report
「Regarding structural reform, the company worked to reduce various expenses, including rent through relocating its head office and executive compensation.」
The company has continued its corporate cost reduction measures combining head-office relocation, reductions in executive compensation and cuts in various expenses. - FY2019-Q3ReframedAnnual report
「The company will implement substantial cost reductions by enforcing profitability management at the individual-store level, improving efficiency through a review of the area manager structure, rigorously verifying cost-effectiveness, and reviewing fixed costs, among other measures.」
The company has restructured its measures from the previous corporate cost reduction program, centered on relocating the head office and reducing executive compensation, to broader expense reductions covering profitability management at the individual-store level, the area manager structure, cost-effectiveness and fixed costs. - FY2019-Q1AdvancedAnnual report
「Regarding structural reform, the company relocated its head office in April to reduce rent and worked to cut various expenses, including executive compensation.」
As part of its annual ¥50 million corporate cost reduction measures, the company relocated its head office and began reducing executive compensation and other expenses. - FY2018AdvancedAnnual report
「The company decided to relocate its head office as part of a fundamental reform of its earnings structure aimed at reducing costs, and recorded the associated expenses as an extraordinary loss.」
As part of its corporate cost reduction measures, the company decided to relocate its head office and recorded relocation-related expenses during the fiscal year. - FY2018-Q3First statedAnnual report
「The company plans to reduce annual costs by ¥50 million, including a substantial reduction in rent through relocating its head office and reductions in personnel expenses such as executive compensation.」
As profitability improvement measures under the 2018–2019 plan to return to profitability, the company is targeting an annual ¥50 million reduction in corporate costs by combining rent savings from relocating its head office, reductions in personnel expenses such as executive compensation, and cuts in indirect costs.