Improving Profitability by Reducing SG&A Expenses and Costs
First written in FY2017-Q1. 13 of 19 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2023.
- FY2023RestatedAnnual report
「We will also improve cash flow and work to reduce costs by improving delivery systems and reforming industry practices.」
The policy of improving earnings through better delivery systems, reform of industry practices and cost reductions continues. - FY2022-Q2AdvancedAnnual report
「The souvenir retail business worked to reduce fixed costs such as personnel expenses and rent, in addition to closing or suspending operations at unprofitable stores and shortening operating hours, as domestic tourism declined sharply following requests to refrain from going out amid the spread of COVID-19. / Selling, general and administrative expenses 922,294 834,098」
After closing or suspending operations at unprofitable stores, shortening operating hours and reducing fixed costs such as personnel expenses and rent, selling, general and administrative expenses fell from ¥922,294 thousand in the same quarter of the previous year to ¥834,098 thousand. - FY2022-Q1RestatedAnnual report
「Selling, general and administrative expenses 468,762 419,095」
Selling, general and administrative expenses in the first quarter fell from the same quarter of the previous year, indicating that initiatives to improve profit by controlling expenses are continuing. - FY2021AdvancedAnnual report
「Selling, general and administrative expenses fell 20.9% from the previous fiscal year to ¥1,814 million, due to lower sales commissions, personnel expenses and other costs.」
Selling, general and administrative expenses in the fiscal year fell 20.9% year on year due to lower sales commissions, personnel expenses and other costs. - FY2021-Q1AdvancedAnnual report
「The outdoor goods business sought to expand its light outdoor product range and attract new female customers and beginner campers, thereby stimulating purchasing demand, while actively collecting information tailored to users and disseminating information through social media and other channels. However, following measures such as a decline in store visitors caused by requests to refrain from going out amid the COVID-19 pandemic and reduced operating hours, revenue was ¥164 million, down 6.6% year on year, while operating profit was ¥27 million, up 46.5%, due to lower selling, general and administrative expenses.」
Despite lower revenue resulting from requests to refrain from going out, the outdoor goods business's operating profit rose 46.5% year on year due to lower selling, general and administrative expenses. - FY2020AdvancedAnnual report
「Selling, general and administrative expenses fell 4.2% from the previous fiscal year to ¥2,292 million, due to lower sales commissions, personnel expenses and other costs.」
Selling, general and administrative expenses fell 4.2% year on year due to lower sales commissions, personnel expenses and other costs. However, operating profit declined to ¥51 million, so the lower expenses did not lead to an overall improvement in profit. - FY2020-Q2AdvancedAnnual report
「The souvenir retail business saw higher sales from new store openings, but sales were affected by the closure of some stores when their leases expired. Revenue was ¥618 million, down 10.7% year on year, while operating profit was ¥15 million, up 79.1%, due to lower selling, general and administrative expenses.」
Lower selling, general and administrative expenses lifted operating profit in the souvenir retail business by 79.1% year on year. - FY2020-Q1AdvancedAnnual report
「The real estate leasing business is operated mainly through tenant management at the “Shopping Town Aozora” in Nagano City. Rental income was ¥26 million, up 0.4% year on year, and operating profit was ¥12 million, up 10.1%, due to lower general and administrative expenses. / As a result, revenue was ¥175 million, up 11.3% year on year, and operating profit was ¥18 million, up 43.7% year on year.」
Operating profit in the real estate leasing business rose 10.1% year on year due to lower general and administrative expenses, while operating profit in the outdoor goods business also rose 43.7% year on year. The improvement in profit from lower expenses continues to be shown numerically. - FY2019-Q3AdvancedAnnual report
「The outdoor goods business sought to expand its light outdoor product range and attract new female customers and beginner campers, thereby stimulating purchasing demand. It also actively collected information tailored to users and disseminated information through social media and other channels. Sales of sea-fishing equipment benefited from the mild winter, while sales of cold-weather clothing ahead of winter were strong. As a result, revenue was ¥455 million, up 1.1% year on year, and operating profit was ¥39 million, up 43.9%, due to lower general and administrative expenses.」
The outdoor goods business's operating profit rose 43.9% year on year to a specific degree due to lower general and administrative expenses. - FY2019-Q2AdvancedAnnual report
「The souvenir manufacturing business worked to increase production by actively developing and proposing original products that draw on the regional characteristics of the Company, its subsidiaries in various regions and business partners at tourist destinations, but orders did not grow. Revenue was ¥114 million, down 7.6% year on year, while operating profit was ¥49 million, up 32.4%, due to lower manufacturing costs. / The outdoor goods business sought to expand its light outdoor product range and attract new female customers and beginner campers, thereby stimulating purchasing demand. It also actively collected information tailored to users and disseminated information through social media and other channels. However, due to a decline in customer numbers and sales volumes caused by unsettled weather, revenue was ¥330 million, down 2.2% year on year, while operating profit was ¥30 million, up 15.7%, due to lower general and administrative expenses.」
In the souvenir manufacturing business, operating profit rose 32.4% year on year due to lower manufacturing costs, while in the outdoor goods business, operating profit rose 15.7% due to lower general and administrative expenses, demonstrating numerically the improvement in profit from lower expenses. - FY2019-Q1AdvancedAnnual report
「The souvenir manufacturing business worked to increase production by actively developing and proposing original products that draw on the regional characteristics of the Company, its subsidiaries in various regions and business partners at tourist destinations, but orders did not grow. Revenue was ¥45 million, down 7.8% year on year, while operating profit was ¥6 million, compared with an operating loss of ¥1 million in the same quarter of the previous year, due to lower manufacturing costs.」
Lower manufacturing costs improved the souvenir manufacturing business's operating result from an operating loss of ¥1 million in the same period of the previous year to operating profit of ¥6 million. - FY2018AdvancedAnnual report
「The souvenir manufacturing business worked to increase production by actively developing and proposing original products that draw on the regional characteristics of the Company, its subsidiaries in various regions and business partners at tourist destinations. As a result, revenue was ¥210 million, down 2.5% from the previous fiscal year, but operating profit was ¥25 million, up 91.5%, due to lower manufacturing costs and lower selling, general and administrative expenses.」
The souvenir manufacturing business's operating profit rose 91.5% year on year to ¥25 million due to lower manufacturing costs and lower selling, general and administrative expenses. The outdoor goods business also reported higher profit due to lower selling, general and administrative expenses. - FY2018-Q3AdvancedAnnual report
「Operating profit was ¥349 million, up 5.9% year on year, mainly due to lower selling, general and administrative expenses. / Operating profit was ¥51 million, up 172.5% year on year, due to higher sales to the Company's subsidiaries and lower selling, general and administrative expenses. / Operating profit was ¥27 million, up 13.5% year on year, mainly due to lower selling, general and administrative expenses.」
The souvenir wholesale, souvenir manufacturing and outdoor goods businesses show numerical increases in both lower selling, general and administrative expenses and operating profit. - FY2018-Q2AdvancedAnnual report
「Operating profit was ¥267 million, up 14.1% year on year, mainly due to lower selling, general and administrative expenses. / As a result, revenue was ¥123 million, up 2.3% year on year, mainly due to higher orders, and operating profit was ¥37 million, up 134.1%, mainly due to lower selling, general and administrative expenses.」
The souvenir wholesale and souvenir manufacturing businesses show a numerical increase in operating profit associated with lower selling, general and administrative expenses. - FY2018-Q1RestatedAnnual report
「Operating profit was ¥89 million, up 0.6% year on year, mainly due to lower selling, general and administrative expenses.」
Lower selling, general and administrative expenses continue to be cited as a profit driver in the souvenir wholesale, outdoor goods and real estate leasing businesses, among others. - FY2017RestatedAnnual report
「The hot-spring facility business actively planned, promoted and held various events, while working to improve customer service and increase repeat visitors at each facility. As a result, revenue was ¥1,749 million, up 1.3% from the previous fiscal year, and operating profit was ¥114 million, up 77.6%, mainly due to lower costs in some areas.」
Lower costs and lower selling, general and administrative expenses are also cited as profit drivers for the full fiscal year. - FY2017-Q3RestatedAnnual report
「Operating profit was ¥54 million, up 227.1% year on year, mainly due to lower costs in some areas.」
Lower costs in the hot-spring facility business, lower repair expenses in the real estate leasing business, and lower selling, general and administrative expenses in the outdoor goods business, among others, are again cited as profit drivers. - FY2017-Q2AdvancedAnnual report
「Operating profit was ¥34 million, up 2854.8% year on year, mainly due to lower costs in some areas.」
The hot-spring facility business reports an improvement in operating profit due to lower costs, while lower expenses in the real estate leasing and outdoor goods businesses, among others, are cited as drivers of higher profit. - FY2017-Q1First statedAnnual report
「Operating profit was ¥16 million, up 67.0% from the same quarter of the previous year, due to a reduction in selling, general and administrative expenses.」
Cost reductions or lower costs are cited as profit drivers in the souvenir wholesale, hot-spring facility, outdoor goods and real estate leasing businesses.