Improving the efficiency of selling, general and administrative expenses in response to higher raw material and transportation costs and a weaker yen
First written in FY2023-Q2. 2 of 5 entries say "Restated". Latest entry: FY2026.
Hasegawa moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The company will introduce digital technologies such as AI and RPA (Note 2) and thoroughly reduce the labor required for and automate routine tasks, thereby building an operating structure capable of delivering high-quality operations with a small workforce.」
Expanded the conventional response of improving SG&A efficiency to offset rising raw material and logistics costs to include labor-saving through AI and RPA and reallocating human resources to growth areas. - FY2024ReframedAnnual report
「Although the company revises prices regularly, price increases have not yet fully offset costs. This is because the company believes that price increases have a significant impact on customers’ purchasing behavior and therefore recognizes the need to limit both the number of products subject to price revisions and the size of the increases to a certain extent. Going forward, the company will focus on developing products that offer greater value to customers while securing gross profit.」
The company broadened its response to higher raw material and transportation costs beyond improving the efficiency of selling, general and administrative expenses to include price revisions and product development that balances value and gross profit. - FY2023RestatedAnnual report
「In response to higher prices for raw materials, transportation and other items, the company will review its planned spending on selling, general and administrative expenses and seek to secure the profit initially planned through efficient spending.」
The company continues to pursue a policy of spending selling, general and administrative expenses efficiently in response to higher raw material and transportation costs. - FY2023-Q3RestatedAnnual report
「In response to higher prices for raw materials and transportation, among other items, resulting from changes in social conditions, and the deterioration in product margins caused by the significant depreciation of the yen, we will review planned spending on selling, general and administrative expenses and spend efficiently to secure the profit set out in the original plan.」
The company reaffirmed its policy of spending selling, general and administrative expenses efficiently in response to margin deterioration caused by higher raw material and transportation costs and a weaker yen. - FY2023-Q2First statedAnnual report
「In response to higher prices for raw materials and transportation, among other items, resulting from changes in social conditions, and the deterioration in product margins caused by the significant depreciation of the yen, we will review planned spending on selling, general and administrative expenses and spend efficiently to secure the profit set out in the original plan.」
As a response to margin deterioration caused by higher raw material and transportation costs and a weaker yen, the company disclosed for the first time a measure to secure planned profit through efficient spending by revising its budget for selling, general and administrative expenses.