Reducing Operating Expenses through Cost Reduction
First written in FY2017. 18 of 28 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
- FY2026Shift to higher expenses from investmentAnnual report
「Operating expenses, excluding items treated as extraordinary expenses, increased by ¥3,922 million from the previous consolidated fiscal year to ¥40,061 million. This reflected higher expenses from human-capital investment, including higher starting salaries and wage increases, as well as growth investment accompanying the full-scale launch of digital investment and the Nomura alliance.」
The filing explicitly describes a shift from expense reductions through BPR and workforce optimization to higher expenses from human-capital investment, digital investment and growth investment associated with the Nomura alliance. - FY2026-H1Expenses increased because of human-capital, growth and system investmentAnnual report
「Although expenses increased because of higher human-capital investment, growth and environmental investment, and system-related costs, “core operating profit,” the core profit at the heart of operations, increased by ¥2,154 million year on year to ¥8,155 million because funding income and fees and commissions increased.」
Human-capital investment, growth and environmental investment, and system-related costs were identified as new drivers of higher expenses, replacing the previous emphasis on cost-structure reform and expense reductions. Core operating profit nevertheless increased. - FY2025-H1Expenses increased because depreciation and other costs rose following core-system migrationAnnual report
「Ordinary expenses increased by ¥1,803 million year on year to ¥25,908 million, mainly because expenses increased as depreciation and other costs rose following migration to the core banking system.」
The filing identified higher depreciation and other costs following core banking system migration as factors behind the increase in expenses, in contrast to the previous trend of cost-structure reform and expense reductions. - FY2024Expenses increased because of core-system migration-related costsAnnual report
「Operating expenses, excluding items treated as extraordinary expenses, increased by ¥2,641 million from the previous consolidated fiscal year to ¥35,006 million, mainly because core banking system migration-related costs increased.」
The previous trend of expense reductions through BPR and workforce optimization shifted to a ¥2,641 million increase in operating expenses because of core banking system migration-related costs. Consolidated adjusted core operating profit nevertheless increased by ¥600 million. - FY2024-Q3Earnings decline continued because of core-system migration-related costsAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥410 million year on year to ¥8,222 million, as funding income declined, mainly because interest and dividends on securities decreased, and expenses increased, including core banking system migration-related costs.」
Core operating profit decreased by ¥410 million year on year because funding income declined as interest and dividends on securities decreased and expenses increased, including core-system migration-related costs. - FY2024-Q2Core operating profit decreased because of core-system migration-related costsAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥825 million year on year to ¥5,264 million, as funding income declined, mainly because interest and dividends on securities increased, and expenses increased, including costs related to migration to the core banking system.」
Higher expenses, including core banking system migration-related costs, were a new factor behind the decline in core operating profit, replacing the previous trend of cost-structure reform and expense reductions. - FY2024-Q1Core operating profit decreased as expenses increasedAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥1,023 million year on year to ¥2,675 million, mainly because funding income declined as interest and dividends on securities decreased and expenses increased.」
Lower funding income caused by reduced interest and dividends on securities, together with higher expenses, reduced core operating profit by ¥1,023 million. - FY2023-Q3Core operating profit decreased despite progress in cost-structure reformAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥843 million year on year to ¥8,632 million. Although expenses declined as cost-structure reform progressed, fees and commissions decreased.」
Cost-structure reform reduced expenses, but core operating profit decreased by ¥843 million because fees and commissions and other items declined. - FY2023-Q2AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥158 million year on year to ¥6,090 million, mainly because funding income increased as interest and dividends on securities increased and expenses declined.」
Core operating profit increased by ¥158 million year on year against a backdrop of higher funding income from increased interest and dividends on securities and lower expenses. - FY2023-Q1AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥768 million year on year to ¥3,699 million, mainly because funding income increased as interest and dividends on securities increased and expenses declined.」
Core operating profit increased by ¥768 million year on year as funding income increased because interest and dividends on securities grew and expenses declined. - FY2022-Q3AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥1,512 million year on year to ¥9,476 million, mainly because funding income and fees and commissions increased and expenses declined through cost-structure reform.」
Core operating profit increased by ¥1,512 million year on year against a backdrop of higher funding income and fees and commissions and lower expenses through cost-structure reform. - FY2022-Q2AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥1,212 million year on year to ¥5,931 million, mainly because funding income and fees and commissions increased and expenses declined through cost-structure reform.」
Core operating profit increased by ¥1,212 million year on year against a backdrop of higher funding income and fees and commissions and lower expenses through cost-structure reform. - FY2022-Q1AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥885 million year on year to ¥2,930 million, mainly because fees and commissions increased and expenses declined through cost-structure reform and workforce optimization under the branch strategy.」
Core operating profit increased by ¥885 million year on year against a backdrop of higher fees and commissions and expense reductions through cost-structure reform and workforce optimization. - FY2021AdvancedAnnual report
「Operating expenses, excluding items treated as extraordinary expenses, decreased by ¥1,218 million from the previous consolidated fiscal year to ¥34,627 million, mainly because personnel expenses declined. This resulted from efforts to reduce expenses through cost-structure reform and workforce optimization under the branch strategy.」
Cost-structure reform and workforce optimization under the branch strategy reduced operating expenses by ¥1,218 million year on year. - FY2021-Q3AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥714 million year on year to ¥7,963 million. Although funding income declined mainly because interest on securities decreased, expenses were reduced through BPR and workforce optimization under the branch strategy.」
Core operating profit increased by ¥714 million against a backdrop of expense reductions through BPR and workforce optimization under the branch strategy, despite lower funding income from reduced interest on securities. - FY2021-Q2AdvancedAnnual report
「Operating expenses — ¥18,287 million — ¥17,968 million」
Operating expenses decreased by ¥319 million from ¥18,287 million in the previous corresponding period to ¥17,968 million. - FY2021-Q1AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥631 million year on year to ¥2,044 million. Although we worked to reduce expenses, funding income declined, mainly because interest on securities decreased.」
Expense-reduction efforts reduced operating expenses from ¥9,188 million to ¥8,944 million, but core operating profit declined because interest on securities decreased. - FY2020AdvancedAnnual report
「Operating expenses, excluding items treated as extraordinary expenses, decreased by ¥972 million from the previous consolidated fiscal year to ¥35,845 million, mainly because personnel expenses declined. This resulted from efforts to reduce expenses through workforce optimization, business process reform (BPR) and cost-structure reform.」
Workforce optimization, BPR and cost-structure reform reduced operating expenses by ¥972 million, while consolidated adjusted core operating profit increased by ¥2,244 million. - FY2020-Q3Core operating profit decreased despite expense-reduction effortsAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥1,796 million year on year to ¥7,249 million. Although we worked to reduce expenses, funding income declined, mainly because interest on securities decreased.」
Despite efforts to reduce expenses, core operating profit decreased by ¥1,796 million to ¥7,249 million because funding income declined, mainly because interest on securities decreased. - FY2020-Q2AdvancedAnnual report
「Ordinary expenses decreased by ¥857 million year on year to ¥29,872 million because of efforts to reduce expenses, although credit-related expenses increased.」
Efforts to reduce expenses lowered ordinary expenses by ¥857 million year on year. Operating expenses also declined from ¥18,963 million to ¥18,287 million. - FY2020-Q1AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, decreased by ¥50 million year on year to ¥2,675 million. Although we worked to reduce expenses, funding income declined mainly because interest on securities decreased.」
The Bank worked to reduce expenses. Operating expenses declined from ¥9,540 million to ¥9,188 million, but core operating profit decreased by ¥50 million because interest on securities declined. - FY2019AdvancedAnnual report
「“Core operating profit,” the core profit at the heart of operations, increased by ¥400 million year on year to ¥11.6 billion. Although funding income declined mainly because interest on securities decreased, fees and commissions reached a record high and expenses were reduced through Group-wide business process reform (BPR).」
Core operating profit increased by ¥400 million to ¥11.6 billion, supported by record fees and commissions and expense reductions through BPR. - FY2019-Q3AdvancedAnnual report
「“Adjusted core operating profit,” the core profit at the heart of operations, increased by ¥489 million year on year to ¥9,017 million, mainly because fees and commissions increased and efforts were made to reduce expenses.」
Adjusted core operating profit increased by ¥489 million year on year to ¥9,017 million as fees and commissions increased and expenses were reduced. - FY2019-Q2AdvancedAnnual report
「“Adjusted core operating profit,” the core profit at the heart of operations, increased by ¥532 million year on year to ¥5,830 million, as fees and commissions, particularly corporate-related fees, increased and expenses declined through business process reform (BPR).」
Adjusted core operating profit increased by ¥532 million year on year to ¥5,830 million, partly because BPR reduced expenses. - FY2019-Q1AdvancedAnnual report
「“Adjusted core operating profit,” the core profit at the heart of operations, increased by ¥12 million year on year to ¥2,667 million, mainly because fees and commissions, particularly corporate-related fees, increased, other operating income increased, and expenses declined through cost-reduction efforts and business process reform (BPR).」
Adjusted core operating profit increased by ¥12 million year on year against a backdrop of lower expenses from cost-reduction efforts and BPR. - FY2018AdvancedAnnual report
「Adjusted core operating profit increased by ¥2.0 billion year on year to ¥11.2 billion, mainly because fees and commissions increased as corporate-related fees grew with the rollout of sales focused on management issues, other operating income excluding gains and losses on government and other bonds and financial derivatives increased as Group companies performed steadily, and expenses declined through cost-reduction efforts and business process reform (BPR).」
Expenses declined from ¥38.8 billion to ¥37.9 billion, and cost reductions and BPR were identified as factors behind the improvement in earnings. - FY2018-Q3AdvancedAnnual report
「Operating expenses — ¥29,954 million — ¥29,413 million」
Operating expenses decreased from ¥29,954 million in the previous corresponding period to ¥29,413 million in the cumulative third quarter of the current fiscal year. - FY2017First statedAnnual report
「Operating expenses decreased by ¥600 million from the previous consolidated fiscal year to ¥38.8 billion through thorough cost reductions.」
The filing reports a ¥600 million year-on-year reduction in operating expenses through cost reductions.