Cost Control
First written in FY2018. 10 of 11 entries say "Advanced", first in FY2020. Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 4 of 31 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Prices were revised upward by an average of 20%. At department stores, the price increases generally had no impact on sales, while in the chain-store market sales were affected by approximately 10% to 15%, although they remained within a range that secured profits.」
Product prices were raised by an average of 20%. The impact on sales at department stores was contained, while sales at chain stores were affected by approximately 10% to 15%, which the company explained was within the range allowing it to secure profits. - FY2026AdvancedAnnual report
「Cost reduction measures were effective across all personal goods items, improving the gross profit margin by 2.5 percentage points from the same period of the previous fiscal year.」
Cost reduction measures were implemented across all items in the personal goods business, improving the gross profit margin by 2.5 percentage points year on year. - FY2026-H1AdvancedAnnual report
「As a result of continuing cost measures through group collaboration and reviewing product prices from the previous consolidated fiscal year, the gross profit margin exceeded that of the same period of the previous year by 5.0 percentage points, and gross profit increased substantially.」
As cost reduction measures, the company continued cost initiatives through group collaboration and reviews of product prices, improving the gross profit margin by 5.0 percentage points year on year. - FY2024AdvancedAnnual report
「The group's overall gross profit margin increased by 2.9 percentage points, contributing to the results achieved.」
Through group collaboration and changes to selling prices, the gross profit margin increased by 2.9 percentage points from the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「As a result of raising prices for handkerchiefs, whose prices had not changed for several decades, and reviewing prices for other products, sales were not negatively affected. In addition, inbound demand recovered steadily, and gross profit reached 115.3% of the previous fiscal year's level.」
The company raised handkerchief prices and reviewed prices for other products, with gross profit reaching 115.3% of the previous year's level. - FY2024-Q2AdvancedAnnual report
「In addition, with the cost environment more challenging than in the previous fiscal year due to the impact of foreign exchange rates, higher crude oil prices and other factors, the company raised prices for handkerchiefs, whose prices had not changed for several decades, and reviewed prices for other products. As a result, sales were not negatively affected, and gross profit increased by 20.5% year on year.」
In response to worsening cost conditions due to foreign exchange rates and higher crude oil prices, the company raised handkerchief prices and reviewed prices for other products, resulting in a 20.5% year-on-year increase in gross profit. - FY2024-Q1AdvancedAnnual report
「The cost environment was more challenging than in the previous fiscal year due to foreign exchange movements and higher crude oil prices. However, after raising the prices of handkerchief products, whose prices had remained unchanged for several decades, and reviewing the prices of other products, sales were not adversely affected. The gross profit margin also increased by 4.1 percentage points from the previous fiscal year, resulting in higher gross profit.」
In response to worsening cost conditions due to foreign exchange rates and higher crude oil prices, the company raised handkerchief prices and reviewed prices for other products, improving the gross profit margin by 4.1 percentage points year on year. - FY2023-Q1AdvancedAnnual report
「We worked to control costs by using forward exchange contracts and reviewing product prices, based on the assumption that the yen's depreciation would continue.」
As specific cost reduction measures, the company used foreign exchange contracts on the assumption of a weaker yen and reviewed product prices. - FY2021AdvancedAnnual report
「We will use data to improve productivity, reduce lost sales and cut inventories, and, in addition to work-style reforms, thoroughly reduce selling, general and administrative expenses through measures such as going paperless, thereby improving profitability.」
The cost and profitability improvement policy was translated into specific measures, including data utilization, productivity improvements, reductions in sales losses and inventory, and lower selling, general and administrative expenses through paperless operations. - FY2020AdvancedAnnual report
「2. Cost reduction ・ Review of brand licensing ・ Review of prices and value ・ Review of the number of products planned ・ Review of production costs」
The existing cost reduction policy was developed into specific measures: reviewing brand licensing, prices and value, the number of products planned, and production costs. - FY2018First statedAnnual report
「2. Cost reduction」
Cost reduction was established as an independent strategic initiative under New Medium-Term Management Plan 2017.