Ongoing cost reductions
First written in FY2017-Q1. 9 of 21 entries say "Softened", first in FY2021-Q2. Latest entry: FY2026.
Japan Asia Investment moved to the "Worse" side of this theme in 2021.
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Selling, general and administrative expenses were broadly unchanged from the previous consolidated fiscal year at ¥1,103 million, up 0.3%. Although taxes and dues increased following the application of the size-based business taxation system from the current consolidated fiscal year, the company kept expenses broadly at the previous fiscal year's level by pursuing cost reductions, including a reduction in directors' compensation.」
Although taxes and dues increased due to the size-based business taxation system, cost reductions, including reductions in directors' compensation, kept SG&A expenses broadly at the previous fiscal year's level. - 2026-05-15OtherFinancial results presentation
「The application of the size-based business taxation system increased the tax burden by ¥100 million, while reductions in executive compensation and other measures limited the increase to 8%.」
Selling, general and administrative expenses increased 8.0% year on year, with both the higher burden from size-based business taxation and reductions in executive compensation and other measures disclosed. The change was not unidirectional because ongoing cost reductions were also recorded. - FY2026-H1Decrease in SG&A expenses due to project sales and provisionsAnnual report
「Selling, general and administrative expenses decreased from the same period of the previous year to ¥539 million, down 22.4% year on year. The main reasons for the decrease were the absence of a provision for doubtful accounts against receivables with lower expected recoveries, and lower expenses for mega-solar projects sold and funds liquidated during the previous consolidated fiscal year.」
SG&A expenses decreased, mainly due not to continued reductions in personnel and outsourcing costs, but to the absence of a provision for doubtful accounts and lower expenses for projects that had been sold or funds that had been liquidated. - FY2025AdvancedAnnual report
「Selling, general and administrative expenses decreased from the previous consolidated fiscal year to ¥1,100 million, down 16.4%, as the company pursued cost reductions, including a reduction in directors' compensation.」
The company pursued specific cost reductions, including reductions in directors' compensation, cutting SG&A expenses by 16.4% year on year. - FY2025-H1SoftenedAnnual report
「Selling, general and administrative expenses increased from the same period of the previous year to ¥694 million, up 3.0% year on year. The main reason for the increase was the recognition of a provision for doubtful accounts against receivables whose expected recovery declined.」
SG&A expenses increased 3.0% year on year, with the increase driven not by continued reductions in personnel and other costs, but by the recognition of a provision for doubtful accounts against receivables with lower expected recoveries. - FY2024-Q3Decrease in SG&A expenses due to no provision for doubtful accountsAnnual report
「Total selling, general and administrative expenses decreased from the same period of the previous year to ¥972 million, down 10.9% year on year. The main reason for the decrease was that a ¥102 million provision for doubtful accounts was recognized in the same period of the previous year but not in the nine-month period of the current consolidated fiscal year.」
SG&A expenses decreased, mainly because no provision for doubtful accounts recognized in the same period of the previous year was recorded in the current period, rather than because of continued reductions in personnel and outsourcing costs. - FY2024-Q2SoftenedAnnual report
「Selling, general and administrative expenses increased from the same period of the previous year to ¥674 million, up 6.1% year on year. The main reason for the increase was the establishment-related costs incurred for a new mega-solar project fund.」
SG&A expenses increased 6.1% year on year, mainly due to costs related to establishing a new mega-solar fund. - FY2023-Q3SoftenedAnnual report
「Total selling, general and administrative expenses increased from the same period of the previous year to ¥1,091 million, up 2.2% year on year. While operating expenses for projects sold during the previous consolidated fiscal year decreased, the provision for doubtful accounts increased.」
SG&A expenses increased 2.2% year on year, as the increase in the provision for doubtful accounts exceeded the reduction in operating expenses resulting from project sales. - FY2023-Q2Selling, general and administrative expenses declined due to project salesAnnual report
「Total selling, general and administrative expenses decreased from the same period of the previous year to ¥635 million, down 10.1% year on year. Operating expenses for projects sold during the previous consolidated fiscal year decreased.」
SG&A expenses decreased to ¥635 million, but the company attributed this to lower operating expenses for projects sold in the previous fiscal year, rather than continued reductions in personnel and other costs. - FY2023-Q1Selling, general and administrative expenses declined due to project salesAnnual report
「Total selling, general and administrative expenses declined from the same period of the previous year to ¥315 million, down 13.6%. The main factor was lower project operating costs following the sale of part of the mega-solar projects that were generating electricity during the previous fiscal year.」
Selling, general and administrative expenses declined to ¥315 million, but the reason was not reductions in personnel expenses or other costs. The Company attributed the decline to lower project operating costs following the sale of mega-solar projects in the previous fiscal year. - FY2022SoftenedAnnual report
「Total selling, general and administrative expenses increased from the previous fiscal year to ¥1,470 million, up 8.4%. The main factors were higher personnel expenses and the recognition of an allowance for doubtful accounts against operating loans.」
Selling, general and administrative expenses increased 8.4% year on year, with higher personnel expenses and the recognition of an allowance for doubtful accounts against operating loans cited as factors. - FY2022-Q3SoftenedAnnual report
「Total selling, general and administrative expenses increased from the same period of the previous year to ¥1,068 million, up 3.5%. The main factors were higher personnel expenses and increased operating costs for healthcare projects associated with the growing number of group homes for people with disabilities.」
Selling, general and administrative expenses increased 3.5% year on year, shifting from the previous trend of reducing personnel expenses and administrative outsourcing costs to explanations focused on factors driving the increase. - FY2022-Q1SoftenedAnnual report
「Total selling, general and administrative expenses increased from the same period of the previous year to ¥364 million, up 7.7%. Personnel expenses and taxes and dues related to project investments increased.」
Selling, general and administrative expenses increased 7.7% year on year, with higher personnel expenses and taxes and dues related to project investments contributing to the increase. - FY2021SoftenedAnnual report
「Total selling, general and administrative expenses increased from the previous fiscal year to ¥1,355 million, up 6.2%. The main factors were costs associated with relocating the head office and higher costs for newly operational mega-solar projects.」
Selling, general and administrative expenses increased 6.2% year on year, reversing the previous trend of cost reductions. - FY2021-Q3SoftenedAnnual report
「Total selling, general and administrative expenses increased from the same period of the previous year to ¥1,032 million, up 9.9%. The main factors were costs associated with relocating the head office and higher costs for newly operational mega-solar projects.」
Selling, general and administrative expenses increased 9.9% year on year, with head-office relocation costs and higher costs for newly operational mega-solar projects cited as factors. - FY2021-Q2SoftenedAnnual report
「Total selling, general and administrative expenses increased from the same period of the previous year to ¥712 million, up 9.2%. The main factors were costs associated with relocating the head office and higher costs for newly operational mega-solar projects.」
Selling, general and administrative expenses increased 9.2% year on year, with head-office relocation costs and higher costs for newly operational mega-solar projects cited as factors. No cost-cutting results were reported for the quarter. - FY2021-Q1AdvancedAnnual report
「Total selling, general and administrative expenses were ¥338 million, broadly in line with the same period of the previous year and down 3.3%. Activity-related expenses declined as the Company reduced personnel expenses and administrative outsourcing costs and implemented telework, among other measures.」
Selling, general and administrative expenses declined 3.3% year on year due to reductions in personnel expenses and administrative outsourcing costs and the implementation of telework. - FY2020-Q3AdvancedAnnual report
「Total selling, general and administrative expenses declined from the same period of the previous year to ¥939 million, down 4.1%. The main factor was progress in reducing personnel expenses and administrative outsourcing costs.」
Selling, general and administrative expenses declined 4.1% year on year as the Company advanced reductions in personnel expenses and administrative outsourcing costs. - FY2020-Q2AdvancedAnnual report
「Total selling, general and administrative expenses declined from the same period of the previous year to ¥652 million, down 4.4%. In addition to reducing personnel expenses and administrative outsourcing costs, expenses related to projects sold at the end of the previous fiscal year were no longer incurred, contributing to the decline.」
Specific cost-cutting measures, namely reductions in personnel expenses and administrative outsourcing costs, were again disclosed after the previous explicit reference had lapsed, and selling, general and administrative expenses declined 4.4% year on year. - FY2017-Q3DroppedAnnual report
「Because there were fewer such success fees paid during the nine months ended 31 December, selling, general and administrative expenses declined from the same period of the previous year to ¥1,018 million, down 22.9%.」
Selling, general and administrative expenses declined, which was attributed to lower success fees paid. The explicit reference to ongoing cost-cutting measures has been removed. - FY2017-Q1First statedAnnual report
「Through ongoing cost-cutting measures, the amount declined from the same period of the previous year to ¥321 million, down 6.0% year on year.」
The Company is implementing ongoing cost-cutting measures in selling, general and administrative expenses.