Strengthening resilience through expense and fixed-cost reductions
First written in FY2016. 7 of 12 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「By continuing to advance profit-structure and cost-structure reforms and focusing on building a structure capable of generating stable profits, total sales in the department-store business were ¥103,168 million, up 10.9% from the previous fiscal year, and operating profit was ¥5,692 million, up 45.2%.」
The company reports that continued profit-structure and cost-structure reforms resulted in higher sales and higher profit in the department-store business. - FY2025AdvancedAnnual report
「We will thoroughly implement three reforms—profit-structure reform, cost-structure reform and work-style reform—and advance another phase of store-structure reform.」
The company expanded its efforts from conventional expense reductions and fixed-cost compression to three reforms covering the profit structure, cost structure and work styles, and worked to build a structure capable of generating stable profits. - FY2022RestatedAnnual report
「As a result, sales for the consolidated fiscal year were ¥98,146 million, compared with ¥218,351 million in the previous fiscal year. Despite the considerable efforts made by each company to reduce miscellaneous expenses, the group recorded an operating loss of ¥1,399 million, compared with an operating loss of ¥2,020 million in the previous fiscal year.」
Each company continued reducing miscellaneous expenses, narrowing the operating loss from the previous fiscal year, but the group still recorded an operating loss. - FY2021AdvancedAnnual report
「To address the dramatically changed operating environment resulting from the COVID-19 pandemic, we are undertaking a business portfolio transformation while fundamentally reducing operating costs through cost-structure reform.」
The company gave concrete form to a shift from conventional expense and fixed-cost reductions to cost-structure reform aimed at fundamentally reducing operating costs. - FY2021-Q3RestatedAnnual report
「After the state of emergency was lifted and operations resumed in mid-May with the strongest possible infection-control measures, demand for daily necessities, including food, remained firm at suburban stores, while the cross-border and domestic e-commerce businesses supported the decline in in-store sales. Although the company worked to compress miscellaneous expenses, including advertising expenses,」
Although the company continued to compress miscellaneous expenses, including advertising expenses, it recorded an operating loss for the nine-month period of the third quarter. - FY2021-Q2AdvancedAnnual report
「After the state of emergency was lifted and operations resumed in mid-May with the strongest possible infection-control measures, demand for daily necessities, including food, remained firm at suburban stores, while cross-border and domestic e-commerce supported the decline in in-store sales. Although expense reductions, including advertising expenses, enabled the company to secure operating profit in the second-quarter consolidated accounting period from June through August, sales were limited to ¥87,482 million, down 31.4% year on year, and the company recorded an operating loss of ¥2,430 million, compared with operating profit of ¥1,620 million in the same period of the previous year.」
The company compressed miscellaneous expenses, including advertising expenses, and secured operating profit in the quarterly accounting period from June through August. However, for the cumulative second quarter, sales were ¥87,482 million, down 31.4% year on year, and the company recorded an operating loss of ¥2,430 million. - FY2021-Q1AdvancedAnnual report
「Although we continued operating the food and daily-necessities departments under the state of emergency while taking the strongest possible infection-control measures, store closures had a significant impact, and sales were ¥33,309 million, down 48.2% year on year. Although miscellaneous expenses, including advertising expenses, declined within selling, general and administrative expenses, the business recorded an operating loss of ¥2,383 million, compared with operating profit of ¥928 million in the same period of the previous year.」
The company reports that miscellaneous expenses, including advertising expenses, declined during store closures, confirming the effect of expense reductions, while the department-store business recorded an operating loss. - FY2019AdvancedAnnual report
「Operating profit was ¥5,884 million, up 20.4% from the previous fiscal year, as selling, general and administrative expenses were below the previous fiscal year's level.」
Selling, general and administrative expenses were below the previous fiscal year's level, and operating profit was ¥5,884 million, up 20.4% year on year. - FY2019-Q3AdvancedAnnual report
「In the interior-construction business, sales at 株式会社近創 were ¥2,465 million, down 28.4% year on year, reflecting the absence of the large construction order received in the previous year. However, operating profit increased 24.8% to ¥480 million as a result of expense reductions.」
Although sales declined following the large construction order received in the previous year, operating profit increased 24.8% year on year as a result of expense reductions. - FY2019-Q2AdvancedAnnual report
「In the interior-construction business, sales at 株式会社近創 were ¥1,807 million, down 33.8% year on year, reflecting the absence of the large construction order received in the previous year. However, operating profit increased 7.0% to ¥328 million as a result of expense reductions.」
At 近創, sales declined following the large construction order received in the previous year, while operating profit increased 7.0% year on year as a result of expense reductions. - FY2017RestatedAnnual report
「We are working to reduce expenses through greater operational efficiency while compressing fixed costs, including personnel expenses, and are accelerating efforts to build a management structure capable of withstanding a further deterioration in the consumer environment.」
The company continues to report strengthening resilience to a deterioration in the consumer environment through expense reductions and fixed-cost compression. - FY2016First statedAnnual report
「We are working to reduce expenses through greater operational efficiency while compressing fixed costs, including personnel expenses, and are accelerating efforts to build a management structure capable of withstanding a further deterioration in the consumer environment.」
As measures to address the difficult operating environment, the company reports operational efficiency improvements, expense reductions and fixed-cost compression.