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Lapine (8143) · InitiativeAdvanced

Cost Reduction in Selling, General and Administrative Expenses

First written in FY2017-Q1. 30 of 40 entries say "Advanced", first in FY2017. Latest entry: FY2027-H1.

40entries
11years
7from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2020-Q2 – FY2021AdvancedFY2022-Q2 – 2026-05-072016: 120162017: 420172018: 320182019: 420192020: 220202021: 420212022: 320222023: 420232024: 420242025: 220252026: 92026
Same theme, other companies
Increase in selling, general and administrative expensesA theme 36 companies write about · 16 as a headwind · 16 as a tailwind

The whole theme swung hardest in 2026: 9 of 30 companies on the "Worse" side.

3 other companies' latest entry also says "Advanced".

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 36 companies compared. The sentences above are computed from all 36.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1AdvancedAnnual report

    「The company continued to reduce fixed and variable manufacturing costs and implement rationalization measures. Selling, general and administrative expenses 749,296 662,734」

    The company continued to reduce fixed and variable manufacturing costs and implement rationalization measures. Selling, general and administrative expenses decreased by ¥86.562 million, from ¥749.296 million in the same period of the previous year to ¥662.734 million.
  2. FY2026AdvancedAnnual report

    「Although we worked to contain selling, general and administrative expenses by ¥229 million from the previous consolidated fiscal year, the company reported a loss of ¥275 million, compared with a loss of ¥360 million in the previous consolidated fiscal year.」

    The company contained selling, general and administrative expenses by ¥229 million year on year, narrowing the operating loss from ¥360 million to ¥275 million. It discloses the results of cost reductions and the improvement in the operating loss for the full year.
  3. FY2026-H1AdvancedAnnual report

    「We continued to reduce manufacturing fixed and variable costs and implement efficiency measures. Selling, general and administrative expenses 851,027 749,296」

    The company continued to reduce manufacturing fixed and variable costs and implement efficiency measures, while selling, general and administrative expenses declined by ¥101,731 thousand from ¥851,027 thousand to ¥749,296 thousand year on year.
  4. FY2025AdvancedAnnual report

    「Although we worked to contain selling, general and administrative expenses by ¥293 million from the previous consolidated fiscal year, the company reported a loss of ¥360 million, compared with a loss of ¥342 million in the previous consolidated fiscal year.」

    The company discloses the specific result of containing selling, general and administrative expenses by ¥293 million year on year. Meanwhile, the operating loss widened from ¥342 million to ¥360 million.
  5. FY2025-H1AdvancedAnnual report

    「We have continued to contain fixed and variable costs and implement efficiency measures.」

    The company continued to contain fixed and variable costs and implement efficiency measures, while selling, general and administrative expenses declined from ¥1,065,178 thousand to ¥851,027 thousand year on year. Although cost reductions progressed, the operating loss widened from ¥166,997 thousand to ¥234,894 thousand.
  6. FY2025-Q1AdvancedAnnual report

    「Selling, general and administrative expenses 558,196 429,156」

    Selling, general and administrative expenses declined from ¥558,196 thousand to ¥429,156 thousand year on year. Together with continued containment of fixed and variable costs and ongoing efficiency measures, this quantitatively demonstrates the results of cost reductions.
  7. FY2024AdvancedAnnual report

    「Although we worked to contain selling, general and administrative expenses by ¥688 million from the previous consolidated fiscal year, the company reported a loss of ¥342 million, compared with a loss of ¥649 million in the previous consolidated fiscal year.」

    The company discloses that it contained selling, general and administrative expenses by ¥688 million year on year and narrowed the operating loss from ¥649 million to ¥342 million.
  8. FY2024-Q3AdvancedAnnual report

    「We curbed discounting while working to reduce cost of sales, and also contained selling, general and administrative expenses. As a result, we were able to limit the operating loss to ¥238 million, compared with an operating loss of ¥426 million in the same period of the previous year.」

    The company curbed discounting, reduced cost of sales and contained selling, general and administrative expenses, narrowing the operating loss from ¥426 million to ¥238 million year on year. Selling, general and administrative expenses also declined from ¥2,088,378 thousand to ¥1,532,344 thousand.
  9. FY2024-Q2AdvancedAnnual report

    「Revenue for the six months ended the second quarter was ¥1,221 million, down 32.2% year on year. On the earnings front, efforts to reduce cost of sales and contain selling, general and administrative expenses resulted in an operating loss of ¥166 million, compared with an operating loss of ¥193 million in the same period of the previous year.」

    The company continued to reduce cost of sales and contain selling, general and administrative expenses, which declined from ¥1,430,956 thousand to ¥1,065,178 thousand year on year. The operating loss also narrowed from ¥193 million to ¥166 million.
  10. FY2024-Q1AdvancedAnnual report

    「As a result of efforts to reduce cost of sales and contain selling, general and administrative expenses, operating income was ¥8 million, compared with an operating loss of ¥76 million in the same period of the previous year.」

    The company reduced manufacturing costs and contained selling, general and administrative expenses, turning the operating loss of ¥76 million in the same period of the previous year into operating income of ¥8 million in the first quarter.
  11. FY2023AdvancedAnnual report

    「Although selling, general and administrative expenses were reduced by ¥224 million from the previous consolidated fiscal year, the operating loss was ¥649 million, compared with an operating loss of ¥928 million in the same period of the previous year.」

    The company discloses that it reduced selling, general and administrative expenses by ¥224 million from the previous consolidated fiscal year.
  12. FY2023-Q3AdvancedAnnual report

    「In addition to continuing to reduce manufacturing and fixed costs, we worked to restore profitability. Selling, general and administrative expenses 2,179,785 2,088,378」

    The company continues to reduce manufacturing and fixed costs, while selling, general and administrative expenses declined from ¥2,179,785 thousand to ¥2,088,378 thousand.
  13. FY2023-Q2AdvancedAnnual report

    「In addition to continuing to reduce manufacturing costs, fixed costs and variable costs, we worked to restore profitability. Selling, general and administrative expenses 1,473,733 1,430,956」

    The company continues to reduce manufacturing, fixed and variable costs, while selling, general and administrative expenses declined from ¥1,473,733 thousand to ¥1,430,956 thousand year on year.
  14. FY2023-Q1AdvancedAnnual report

    「Although we worked to contain selling, general and administrative expenses, the operating loss was ¥76 million, compared with an operating loss of ¥176 million in the same period of the previous year.」

    Selling, general and administrative expenses declined from ¥777,630 thousand to ¥753,424 thousand year on year, while the operating loss narrowed from ¥176 million to ¥76 million.
  15. FY2022-Q3AdvancedAnnual report

    「We worked to reduce manufacturing costs and contain selling, general and administrative expenses.」

    The company continues to reduce manufacturing costs and contain selling, general and administrative expenses, which declined from ¥2,654,149 thousand to ¥2,179,785 thousand year on year.
  16. FY2022-Q2AdvancedAnnual report

    「Against this backdrop, our group addressed the current challenging environment by pursuing design and price revisions, while also controlling manufacturing and procurement, reducing manufacturing costs, and cutting fixed and variable expenses.」

    In addition to reducing fixed and variable costs, the company has lowered manufacturing costs and controlled manufacturing and purchasing. Selling, general and administrative expenses declined from ¥1,771,934 thousand to ¥1,473,733 thousand year on year.
  17. FY2022-Q1RestatedAnnual report

    「In response to the spread of COVID-19, we implemented thorough cost reductions in the previous consolidated fiscal year, including cuts in executive compensation, suspending employee pay raises and bonus payments, placing employees on leave, reducing rent at directly operated stores, and substantially reducing travel and entertainment expenses, resulting in cost savings of ¥889 million year on year. During the nine months ended the first quarter, we also worked to reduce office space and office rent through relocations.」

    The company continues to disclose cost savings of ¥889 million year on year and rent reductions from reducing and relocating office space during the quarter.
  18. FY2021AdvancedAnnual report

    「By implementing thorough cost reductions, including cuts in executive compensation, suspending employee pay raises and bonus payments, placing employees on leave, reducing rent at directly operated stores, and substantially reducing travel and entertainment expenses, we reduced costs by ¥889 million year on year.」

    The results of conventional cost reductions increased from ¥669 million to ¥889 million year on year, and the specific reduction measures are also listed.
  19. FY2021-Q3AdvancedAnnual report

    「By implementing thorough cost reductions, including cuts in executive compensation, suspending employee pay raises and bonus payments, placing employees on leave, reducing rent at directly operated stores, and substantially reducing travel and entertainment expenses, we reduced costs by ¥669 million year on year.」

    The company specifies reductions in fixed and variable costs and discloses cost savings of ¥669 million year on year.
  20. FY2021-Q2AdvancedAnnual report

    「Although we reduced selling, general and administrative expenses by ¥448 million from the same period of the previous year,」

    The company discloses the specific result of reducing selling, general and administrative expenses by ¥448 million year on year. However, the operating loss widened due to lower revenue and inventory valuation losses.
  21. FY2020-Q3AdvancedAnnual report

    「In addition to working to contain fixed costs through rigorous low-cost operations, we began structural reforms, including personnel expense reductions, toward the end of the consolidated fiscal year.」

    In addition to continuing to contain fixed costs, the company explicitly states that it began structural reforms, including personnel expense reductions, toward the end of the consolidated fiscal year.
  22. FY2020-Q2AdvancedAnnual report

    「Selling, general and administrative expenses 2,263,488 2,220,404」

    Selling, general and administrative expenses declined from ¥2,263,488 thousand to ¥2,220,404 thousand year on year, quantitatively demonstrating the results of cost reductions.
  23. FY2020-Q1RestatedAnnual report

    「However, to resolve these events or circumstances, we are working to reduce costs, including personnel expenses such as executive compensation and the cost of manufacturing sample garments, while also」

    The company continues to implement specific cost reductions in executive compensation, personnel expenses and sample garment manufacturing costs as measures to restore profitability.
  24. FY2019RestatedAnnual report

    「To resolve these events or circumstances, we are working to reduce costs, including personnel expenses such as executive compensation and the cost of manufacturing sample garments, while also」

    In addition to conventional reductions in manufacturing, purchasing and fixed costs, the company continues to reduce executive compensation, personnel expenses and sample garment manufacturing costs as countermeasures.
  25. FY2019-Q3RestatedAnnual report

    「Transition to a flexible profit structure through reduced manufacturing and purchasing, lower carryover inventory, discontinuation of unprofitable transactions, improved gross margins and fixed-cost reductions」

    The company continues to advance structural improvement measures, including reducing manufacturing and purchasing, cutting inventory, discontinuing unprofitable transactions, improving gross margins and reducing fixed costs.
  26. FY2019-Q1RestatedAnnual report

    「However, to resolve these events or circumstances and achieve an early recovery in performance, the company has formulated and implemented measures including reducing manufacturing and purchasing, cutting carryover inventory, discontinuing unprofitable transactions, transitioning to a flexible profit structure through improved gross margins and fixed-cost reductions, and strengthening the retail business as part of its medium- to long-term growth strategy, and will continue to advance these initiatives.」

    The company continues to implement structural improvement measures, including reducing manufacturing and purchasing, cutting inventory, discontinuing unprofitable transactions, improving gross margins and reducing fixed costs.
  27. FY2018AdvancedAnnual report

    「Although revenue declined, gross profit increased by ¥820 million to ¥4,585 million, as the gross profit margin improved by 8.4 percentage points from the previous consolidated fiscal year, reflecting structural improvement measures and sales initiatives focused on full-price sales implemented in the previous consolidated fiscal year.」

    Structural improvement measures, a focus on full-price sales, and reductions in selling, general and administrative expenses improved the gross profit margin by 8.4 percentage points, while selling, general and administrative expenses also declined by ¥275 million from the previous year.
  28. FY2018-Q3AdvancedAnnual report

    「As a result, although revenue for the nine months ended the third quarter was ¥7,623 million, down 0.2% year on year, the recovery in the gross profit margin and lower selling, general and administrative expenses resulted in operating income of ¥418 million, compared with an operating loss of ¥96 million in the same period of the previous year, and ordinary income of ¥441 million, compared with an ordinary loss of ¥138 million.」

    Lower selling, general and administrative expenses and the recovery in the gross profit margin turned operating income and ordinary income from losses in the same period of the previous year into profits, quantitatively demonstrating progress in earnings improvement.
  29. FY2018-Q2AdvancedAnnual report

    「With the recovery in the gross profit margin and lower selling, general and administrative expenses, operating income was ¥12 million, compared with an operating loss of ¥327 million in the same period of the previous year, and ordinary income was ¥36 million, compared with an ordinary loss of ¥331 million.」

    Lower selling, general and administrative expenses are identified as a factor behind the improvement in earnings, with these expenses declining from ¥2,378,650 thousand to ¥2,238,375 thousand year on year.
  30. FY2018-Q1RestatedAnnual report

    「We have also worked to reduce selling, general and administrative expenses.」

    The company continues to identify reductions in selling, general and administrative expenses as a measure to restore profitability.
  31. FY2017AdvancedAnnual report

    「Toward the end of the fiscal year, we began structural improvements, including discontinuing unprofitable brands and transactions, reducing personnel expenses, and recording inventory valuation losses after considering the future saleability of inventory, while also focusing on containing fixed costs through rigorous low-cost operations.」

    The company has moved from its conventional cost-reduction policy to undertaking structural improvements, including discontinuing unprofitable brands and transactions, reducing personnel expenses, inventory valuation and low-cost operations.
  32. FY2017-Q3ReframedAnnual report

    「① Transition to a profit structure that can respond flexibly to the external environment through improved gross margins and fixed-cost reductions」

    The company has broadened the description of its initiatives from conventional selling, general and administrative expense reductions to transforming its profit structure through a combination of improved gross margins and fixed-cost reductions.
  33. FY2017-Q1First statedAnnual report

    「We have worked to reduce various selling, general and administrative expenses.」

    The company identifies cost reductions as a measure to secure earnings.
Moved together

"Increase in Operating Profit Despite Lower Revenue in the Wholesale Business" moved the same way as this thread, in the same document, in 19 of its 40 moves.

191414131211★123456
  1. ★This thread
  2. 1Increase in Operating Profit Despite Lower Revenue in the Wholesale Business19×
  3. 2Formulation of Measures to Address Going-Concern Concerns14×
  4. 3Gross Profit Margin Improvement14×
  5. 4Improving and Strengthening the Profitability of the Company-Operated Retail Business and Achieving Steady Growth13×
  6. 5Revenue Growth and Operating Loss in the Retail Business12×
  7. 6Year-on-Year Decline in Revenue and Profit11×

★ 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
Lapine's next results are scheduled for 2026-10-14. Read the earnings preview It last moved in the Revision to earnings forecasts of 2026-10-14: "Restated".
News
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Cost Reduction in Selling, General and Administrative Expenses | LAPINE CO.,LTD. (8143) | Komori