¥240 million reduction in fixed costs
First written in FY2019. 14 of 18 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「During the current fiscal year, the company acquired the landowner's section of the Yokosuka Store, making it the owner of all sections, and achieved annual fixed-cost savings of more than ¥40 million in rent.」
The company states that it achieved annual rent savings of more than ¥40 million by acquiring the landowner's section of the Yokosuka Store. - FY2024AdvancedAnnual report
「The opening of a large tenant at the Yokosuka store reduced the sales floor area of the department store business and lowered store management costs. In addition, steady progress in the low-cost operations that have continued from before improved the expense-to-sales ratio by 7.8 percentage points (57.2% to 49.4%).」
As progress in fixed-cost and expense reduction measures, the sales-to-expense ratio improved through lower store management costs and low-cost operations. - FY2025-Q1RestatedAnnual report
「On the expense side, we continue to promote thorough low-cost operations, and the increase in rental space has enabled us to significantly reduce selling, general and administrative expenses.」
The company continues to use low-cost operations and increased leased space as measures to reduce fixed costs and expenses. - FY2024-Q3AdvancedAnnual report
「On the expense side, we continued to promote thorough low-cost operations, and the increase in rental space enabled us to significantly reduce selling, general and administrative expenses from the previous fiscal year.」
The company states that it substantially reduced selling, general and administrative expenses by continuing its efforts to reduce fixed costs, with the increase in leased space also contributing. - FY2023-Q4Cost reduction measures alongside a slight increase in selling, general and administrative expensesAnnual report
「On the expense side, although higher utility costs resulting from soaring fuel prices and exchange-rate fluctuations have been a significant burden, continued reductions in various expenses through the promotion of low-cost operations have limited the increase in selling, general and administrative expenses to a slight year-on-year rise.」
Despite continuing to reduce expenses, selling, general and administrative expenses increased slightly from the previous year due to higher utilities costs resulting from fuel prices and exchange-rate fluctuations. - FY2023-Q3Cost reduction measures alongside higher selling, general and administrative expensesAnnual report
「On the expense side, in addition to reducing various expenses through the continued promotion of low-cost operations, we reduced guarantee fees for gift certificate payments and executive compensation. However, selling, general and administrative expenses exceeded the previous year's results because of higher fuel prices and utility costs that rose more than expected due to exchange-rate fluctuations.」
While continuing fixed-cost reduction measures and reducing gift certificate payment guarantee fees and executive personnel expenses, selling, general and administrative expenses exceeded the previous year's results due to higher external costs. - FY2022AdvancedAnnual report
「The company promoted low-cost operations, worked to reduce and rationalize various expenses, and pursued efficient cost management. In addition, lower personnel expenses following voluntary retirements implemented in the previous fiscal year contributed to a ¥478 million decrease in selling, general and administrative expenses, which came to ¥3,171 million, or 86.9% of the previous consolidated fiscal year.」
Selling, general and administrative expenses decreased by ¥478 million from the previous year, to 86.9% of the previous year. - FY2022-Q3AdvancedAnnual report
「Meanwhile, on the expense side, we promoted low-cost operations, worked to reduce various expenses and continued to pursue effective expense management. In addition, personnel expenses declined following the voluntary retirements implemented in the previous fiscal year, and total selling, general and administrative expenses were 87.5% of the same quarter of the previous year.」
As progress in fixed-cost and expense reduction measures, selling, general and administrative expenses were held to 87.5% of the previous year. - FY2022-Q2AdvancedAnnual report
「On the cost side, the company promoted low-cost operations, worked to reduce various expenses, and continued to pursue efficient cost management. In addition, lower personnel expenses following voluntary retirements implemented in the previous fiscal year contributed to bringing total selling, general and administrative expenses to 88.8% of the previous-year period.」
As a result of low-cost operations, expense reductions, efficient cost management and lower personnel expenses from voluntary retirements in the previous fiscal year, selling, general and administrative expenses were 88.8% of the previous-year period. - FY2022-Q1AdvancedAnnual report
「Meanwhile, on the expense side, we promoted low-cost operations, worked to reduce various expenses and continued to pursue effective expense management. In addition, personnel expenses declined following the voluntary retirements implemented in the previous fiscal year, and total selling, general and administrative expenses were 92.4% of the same quarter of the previous year.」
As a result of low-cost operations, expense reductions, efficient cost management and lower personnel expenses from voluntary retirements, selling, general and administrative expenses were 92.4% of the previous year. - FY2021AdvancedAnnual report
「Selling, general and administrative expenses for the consolidated fiscal year decreased by ¥287 million to ¥3,650 million, or 92.7% of the previous consolidated fiscal year, as a result of promoting low-cost operations and pursuing efficient cost management.」
Selling, general and administrative expenses were reduced by ¥287 million through low-cost operations and other measures, to 92.7% of the previous year. - FY2021-Q3AdvancedAnnual report
「Meanwhile, on the expense side, we promoted low-cost operations, worked to reduce various expenses and continued to pursue effective expense management. In addition, personnel expenses declined following the retirement of employees who opted for voluntary retirement, and total selling, general and administrative expenses were 91.0% of the same period of the previous year.」
As progress in fixed-cost and expense reduction measures, selling, general and administrative expenses were reduced to 91.0% of the previous year, including lower personnel expenses following voluntary retirements. - FY2021-Q2AdvancedAnnual report
「On the cost side, the company promoted low-cost operations, worked to reduce various expenses, and continued to pursue efficient cost management. As a result of efforts to substantially reduce variable costs such as advertising and selling expenses, total selling, general and administrative expenses were 89.3% of the previous year.」
As a result of advancing low-cost operations and reducing variable costs, cumulative selling, general and administrative expenses for the second quarter were 89.3% of the previous year. - FY2020AdvancedAnnual report
「Selling, general and administrative expenses for the consolidated fiscal year decreased by ¥229 million to ¥3,938 million, or 94.5% of the previous consolidated fiscal year, as a result of promoting low-cost operations and pursuing efficient cost management.」
Selling, general and administrative expenses were reduced by ¥229 million year on year, to 94.5% of the previous year. - FY2020-Q3AdvancedAnnual report
「Meanwhile, regarding cost reduction measures, a key initiative under the strengthening of the financial base, the company has added new measures to those implemented since the beginning of the fiscal year to further increase the cost reduction effect, and improvements in the cost structure are progressing in line with the plan for the fiscal year ending February 2020.」
The company added new measures to the cost reduction initiatives launched at the beginning of the fiscal year, increasing the reduction effect and advancing improvements in the cost structure. - FY2020-Q2AdvancedAnnual report
「Personnel expenses decreased by approximately ¥83 million year on year as a result of reviewing executive compensation, promoting more efficient staff allocation, and minimizing the replacement of retirees, including mandatory retirees. The reduction in outsourcing expenses through a review of specifications for outsourced operations was implemented as planned. As a result of these measures, selling, general and administrative expenses for the second quarter decreased by approximately ¥120 million year on year, and cost reductions are progressing in line with the plan for the fiscal year ending February 2020.」
Personnel expenses were reduced by approximately ¥83 million through measures including a review of executive compensation, staff allocation and restrictions on replacing retirees, while selling, general and administrative expenses decreased by approximately ¥120 million year on year. - FY2020-Q1AdvancedAnnual report
「As a result of these measures, selling, general and administrative expenses for the first quarter decreased by approximately ¥70 million year on year, and cost reductions are progressing in line with the plan for the fiscal year ending February 2020.」
Against the plan to reduce fixed costs by ¥240 million, selling, general and administrative expenses were reduced by approximately ¥70 million year on year in the first quarter, and the company states that progress is in line with the plan. - FY2019First statedAnnual report
「Through the measures described above, we will reduce fixed costs by ¥240 million.」
The company has disclosed for the first time a target of reducing fixed costs by ¥240 million through reductions in outsourcing expenses, utilities, personnel expenses and other costs.