Improving Profit Margins by Reducing SG&A Expenses
First written in FY2016. 17 of 33 entries say "Advanced", first in FY2017. Latest entry: FY2026.
Nagahori moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 12 of 36 companies on the "Worse" side.
18 other companies' latest entry also says "Other".
- FY2026Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 4,955,130 5,480,674」
Consolidated selling, general and administrative expenses increased from ¥4,955 million in the previous fiscal year to ¥5,480 million. Sales promotion expenses also increased from ¥826 million to ¥1,035 million, and expenses continued to rise despite the policy of reducing selling, general and administrative expenses. - 2026-05-12WorsenedRevisions to earnings forecasts
「Selling, general and administrative expenses also slightly exceeded forecasts, but operating profit exceeded forecasts.」
Selling, general and administrative expenses slightly exceeded forecasts, indicating deterioration against the theme of reducing SG&A expenses. - FY2026-H1Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 2,445,713 2,703,630」
Selling, general and administrative expenses for the interim consolidated accounting period increased from ¥2,445 million in the same period of the previous year to ¥2,703 million. Sales promotion expenses also increased from ¥384 million to ¥523 million. - FY2025Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 4,751,259 4,955,130」
Consolidated selling, general and administrative expenses increased from ¥4,751 million in the previous fiscal year to ¥4,955 million. Despite pursuing sales promotion measures, expenses continued to rise despite the policy of reducing selling, general and administrative expenses. - FY2025-H1Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 2,332,484 2,445,713」
Selling, general and administrative expenses for the interim consolidated accounting period increased from ¥2,332 million in the same period of the previous year to ¥2,445 million. The filing also cites spending on product purchases to drive sales growth and advertising for the company’s own brands. - FY2024-Q3Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 3,226,905 3,578,596」
Selling, general and administrative expenses for the cumulative third quarter increased from ¥3,226 million in the same period of the previous year to ¥3,578 million. The filing cites spending on product purchases to strengthen sales and the proactive expansion of sales events. - FY2024-Q2Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 2,120,496 2,332,484」
Selling, general and administrative expenses for the six-month period of the second quarter of the consolidated fiscal year increased from ¥2,120 million in the same period of the previous year to ¥2,332 million. Spending to strengthen sales, including promotional expenses and merchandise purchases, is increasing. - FY2024-Q1Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 1,045,248 1,143,781」
Selling, general and administrative expenses increased from ¥1,045 million in the same period of the previous year to ¥1,143 million. While the Company has adopted a policy of reducing expenses, an increase in selling, general and administrative expenses was reported for the quarter. - FY2023AdvancedAnnual report
「Selling, general and administrative expenses 4,180,905 4,159,255」
Consolidated selling, general and administrative expenses declined from ¥4,180 million in the previous fiscal year to ¥4,159 million, with improved expense efficiency reflected in the full-year results. - FY2023-Q3Higher selling, general and administrative expenses alongside expense-outlay controlsAnnual report
「While working to increase merchandise purchases in anticipation of higher sales and control expense outlays」
While advancing efforts to increase merchandise purchases in anticipation of higher sales and control expense outlays, selling, general and administrative expenses increased from ¥3,203.686 million in the same period of the previous year to ¥3,226.905 million. - FY2023-Q2Higher selling, general and administrative expenses alongside expense-outlay controlsAnnual report
「Selling, general and administrative expenses 2,080,093 2,120,496」
Selling, general and administrative expenses increased from ¥2,080 million in the same period of the previous year to ¥2,120 million. Meanwhile, the text states that the Company is also working to control expense outlays. - FY2023-Q1Increase in SG&A expensesAnnual report
「Selling, general and administrative expenses 1,010,672 1,045,248」
Selling, general and administrative expenses increased from ¥1,010.672 million in the same period of the previous year to ¥1,045.248 million. Meanwhile, the text states that the Company is also working to control expense outlays. - FY2022AdvancedAnnual report
「Selling, general and administrative expenses 4,358,288 4,180,905」
Consolidated selling, general and administrative expenses declined from ¥4,358 million in the previous fiscal year to ¥4,180 million, with the figures demonstrating improved expense efficiency. - FY2022-Q3AdvancedAnnual report
「While working to control purchases and expense outlays」
The Company advanced its efforts to control purchases and expense outlays, and selling, general and administrative expenses declined from ¥3,318.015 million in the same period of the previous year to ¥3,203.686 million. - FY2022-Q2AdvancedAnnual report
「Selling, general and administrative expenses 2,093,885 2,080,093」
Selling, general and administrative expenses for the six-month period of the second quarter of the consolidated fiscal year declined from ¥2,093 million in the same period of the previous year to ¥2,080 million. The reduction in these expenses is reflected in the figures as the Company worked to control purchases and expense outlays. - FY2022-Q1Increase in SG&A expensesAnnual report
「Selling, general and administrative expenses 888,161 1,010,672」
Selling, general and administrative expenses increased from ¥888 million in the same period of the previous year to ¥1,010 million. Meanwhile, the text states that the Company is also working to reduce purchases and control expense outlays. - FY2021AdvancedAnnual report
「Previous consolidated fiscal year Current consolidated fiscal year Selling, general and administrative expenses 5,538,830 4,358,288」
Consolidated selling, general and administrative expenses declined from ¥5,538 million in the previous fiscal year to ¥4,358 million, with the figures demonstrating improved expense efficiency. - FY2021-Q3AdvancedAnnual report
「While working to reduce inventories through lower purchases and control expense outlays」
The Company reduced purchases and controlled expense outlays, and selling, general and administrative expenses declined from ¥4,292 million in the same period of the previous year to ¥3,318 million. - FY2021-Q2AdvancedAnnual report
「Selling, general and administrative expenses 2,855,878 2,093,885」
Selling, general and administrative expenses for the six-month period of the second quarter of the consolidated fiscal year declined from ¥2,855 million in the same period of the previous year to ¥2,093 million. The reduction in these expenses is reflected in the figures as the Company worked to reduce purchases and control expense outlays. - FY2021-Q1AdvancedAnnual report
「While working to control non-essential purchases and expense outlays」
As part of its response to COVID-19, the Company controlled purchases and expense outlays, and selling, general and administrative expenses declined from ¥1,373.207 million in the same period of the previous year to ¥888.161 million. - FY2020Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 5,521,621 5,538,830」
Consolidated selling, general and administrative expenses increased from ¥5,521 million in the previous fiscal year to ¥5,538 million, with the reversal of the declining trend continuing. - FY2020-Q3Continued increase in selling, general and administrative expensesAnnual report
「Selling, general and administrative expenses 4,254,038 4,292,592」
Selling, general and administrative expenses for the nine-month period of the third quarter of the consolidated fiscal year increased from ¥4,254.038 million in the same period of the previous year to ¥4,292.592 million, reversing the declining trend for the second consecutive quarter. - FY2020-Q2Increase in SG&A expensesAnnual report
「Selling, general and administrative expenses 2,808,750 2,855,878」
Selling, general and administrative expenses for the six-month period of the second quarter of the consolidated fiscal year increased from ¥2,808.750 million in the same period of the previous year to ¥2,855.878 million. - FY2020-Q1AdvancedAnnual report
「Selling, general and administrative expenses 1,396,872 1,373,207」
Selling, general and administrative expenses declined by ¥23.665 million, from ¥1,396.872 million in the same period of the previous year to ¥1,373.207 million. Expense reductions continue. - FY2019AdvancedAnnual report
「Selling, general and administrative expenses 6,060,511 5,521,621」
Consolidated selling, general and administrative expenses declined by ¥538 million, from ¥6,060 million in the previous fiscal year to ¥5,521 million. - FY2019-Q3AdvancedAnnual report
「Selling, general and administrative expenses 4,651,413 4,254,038」
Selling, general and administrative expenses for the nine-month period of the third quarter of the consolidated fiscal year declined by ¥397 million, from ¥4,651 million in the same period of the previous year to ¥4,254 million. - FY2019-Q2AdvancedAnnual report
「Selling, general and administrative expenses 3,073,396 2,808,750」
Selling, general and administrative expenses for the six-month period of the second quarter of the consolidated fiscal year declined by ¥264.646 million, from ¥3,073.396 million in the same period of the previous year to ¥2,808.750 million. - FY2018AdvancedAnnual report
「Selling, general and administrative expenses 6,370,767 6,060,511」
Consolidated selling, general and administrative expenses declined from ¥6,370.767 million in the previous fiscal year to ¥6,060.511 million, indicating progress in reducing these expenses. - FY2018-Q3AdvancedAnnual report
「Selling, general and administrative expenses 4,864,179 4,651,413」
Selling, general and administrative expenses for the nine-month period of the third quarter of the consolidated fiscal year declined by ¥212.766 million, from ¥4,864.179 million in the same period of the previous year to ¥4,651.413 million, indicating progress in expense reductions. - FY2018-Q2AdvancedAnnual report
「Selling, general and administrative expenses 3,174,281 3,073,396」
Selling, general and administrative expenses for the six-month period of the second quarter of the consolidated fiscal year declined from ¥3,174.281 million in the same period of the previous year to ¥3,073.396 million, indicating progress in reducing these expenses. - FY2018-Q1AdvancedAnnual report
「Selling, general and administrative expenses 1,600,837 1,547,266」
Selling, general and administrative expenses declined by ¥53.571 million, from ¥1,600.837 million in the same period of the previous year to ¥1,547.266 million. - FY2017AdvancedAnnual report
「The Company is reducing selling, general and administrative expenses to improve margins while maintaining an appropriate balance between selling expenses and net sales.」
Consolidated selling, general and administrative expenses declined from ¥6,709.967 million in the previous fiscal year to ¥6,370.767 million, demonstrating concrete progress in reducing these expenses. - FY2016First statedAnnual report
「The Company is reducing selling, general and administrative expenses to improve margins while maintaining an appropriate balance between selling expenses and net sales.」
The policy is to reduce selling, general and administrative expenses and improve margins while maintaining a balance with the costs required for sales activities.