Promoting Cost Structure Reform
First written in FY2016. 6 of 21 entries say "Restated". Latest entry: FY2026.
- FY2026Higher funding rates driving an increase in finance costsAnnual report
「Consolidated operating expenses were ¥171,900 million, up 4.0% year on year. Financial expenses increased as domestic funding costs rose and funding demand expanded, although credit-related expenses declined as the quality of receivables in the overseas business improved.」
Credit loss-related costs declined, while higher domestic funding rates and increased funding demand drove financial costs higher, resulting in a 4.0% year-on-year increase in consolidated operating expenses. - FY2026-H1Higher system-related costs and financial costsAnnual report
「Consolidated operating expenses were ¥83.787 billion, up 5.2% from the same interim period of the previous year, due to higher system-related costs and financial costs and other expenses accompanying the rise in funding rates.」
Higher system-related costs and financial costs and other expenses accompanying the rise in funding rates resulted in a 5.2% year-on-year increase in consolidated operating expenses. - FY2025Higher operating expenses due to increased credit loss-related costs and higher funding ratesAnnual report
「Consolidated operating expenses were ¥165.246 billion, up 9.0% year on year, as credit loss-related costs, mainly due to the increase in operating receivables, and financial costs and other expenses rose with higher funding rates.」
Higher operating receivables and funding rates resulted in a 9.0% year-on-year increase in operating expenses. - FY2025-H1Higher operating expenses due to increased credit loss-related costs and financial costsAnnual report
「Consolidated operating expenses were ¥79.654 billion, up 7.9% from the same interim period of the previous year, as credit loss-related costs, mainly due to the increase in operating receivables, and financial costs and other expenses rose with higher funding rates.」
Higher credit loss-related costs accompanying the increase in operating receivables and higher financial costs and other expenses accompanying the rise in funding rates resulted in a 7.9% year-on-year increase in consolidated operating expenses. - FY2024Increases in credit loss-related costs and financial costs became evident for the full yearAnnual report
「Consolidated operating expenses were ¥151.655 billion, up 6.9% year on year, as financial costs and credit loss-related costs increased with the expansion of transaction volume.」
Higher financial costs and credit loss-related costs accompanying the expansion of transaction volume were reflected in full-year operating expenses, which increased 6.9% year on year. - FY2024-Q3Continued increases in credit loss-related costs and financial costsAnnual report
「Meanwhile, on the cost side, credit loss-related costs increased as total receivables expanded, while financial costs also increased with the expansion of transaction volume. As a result, consolidated operating expenses were ¥112.038 billion, up 8.5% year on year.」
Credit loss-related costs and financial costs increased as total receivables and transaction volume expanded, resulting in an 8.5% year-on-year increase in consolidated operating expenses. - FY2024-Q2Higher operating expenses due to increased credit loss-related costs and financial costsAnnual report
「Consolidated operating expenses were ¥73.788 billion, up 7.1% year on year, as credit loss-related costs increased with the expansion of total receivables and financial costs increased with the expansion of transaction volume.」
Credit loss-related costs and financial costs increased as total receivables and transaction volume expanded, resulting in a 7.1% year-on-year increase in consolidated operating expenses. - FY2023Lower credit loss-related costs alongside higher SG&A expensesAnnual report
「Consolidated operating expenses were ¥141.827 billion, up 3.3% year on year. Credit loss-related costs declined as asset quality continued to improve, while SG&A expenses and other costs increased with the expansion of transaction volume.」
Credit loss-related costs declined as asset quality improved, while SG&A expenses and other costs increased with the expansion of transaction volume, resulting in a 3.3% year-on-year increase in consolidated operating expenses. - FY2023-Q3Lower credit loss-related costs and higher SG&A expensesAnnual report
「Consolidated operating expenses were ¥103.230 billion, up 2.4% year on year. Credit loss-related costs declined as asset quality improved, while SG&A expenses and other costs increased with the expansion of transaction volume.」
Credit loss-related costs declined as asset quality improved, while higher SG&A expenses and other costs accompanying the expansion of transaction volume resulted in a 2.4% year-on-year increase in consolidated operating expenses. - FY2023-Q2Lower credit loss-related costs and higher card issuance-related costsAnnual report
「Consolidated operating expenses were ¥68.911 billion, up 1.6% year on year. Credit loss-related costs declined due to lower financial costs and progress in improving asset quality, but card issuance-related costs and other expenses increased as the number of cardholders grew.」
Financial costs and credit loss-related costs resulting from improved asset quality declined, while card issuance-related costs and other expenses increased as the number of cardholders grew, resulting in a 1.6% year-on-year increase in consolidated operating expenses. - FY2023-Q1AdvancedAnnual report
「Consolidated operating expenses were ¥33.413 billion, down 0.3% year on year, due to lower financial costs.」
Consolidated operating expenses for the first quarter declined 0.3% year on year due to lower financial costs. - FY2022AdvancedAnnual report
「Consolidated operating expenses were ¥137.326 billion, down 4.8% year on year, due to lower financial costs and a decline in credit loss-related costs and other expenses resulting from improved asset quality.」
Cost reductions were reflected in lower financial costs and lower credit loss-related costs and other expenses resulting from improved asset quality, with consolidated operating expenses down 4.8% year on year. - FY2021RestatedAnnual report
「We will continue executing the various strategies pursued to date and aim to achieve our long-term vision by responding swiftly to changes in the operating environment as a unified Group.」
The company reaffirmed its commitment to continued execution of its existing strategies, including cost structure reforms, and to responding as a unified Group to changes in the operating environment. - FY2020AdvancedAnnual report
「Although selling, general and administrative expenses increased in line with strong transaction volumes and credit loss-related costs increased as total operating receivables expanded, continued initiatives including cost structure reforms enabled the company to keep the increase within the increase in operating revenue.」
The company explained that, despite increases in credit loss-related costs and other expenses, cost structure reforms kept the increase in expenses within the increase in operating revenue. - FY2018-Q3RestatedAnnual report
「The Group's operating expenses increased as various costs were incurred following the consolidation of Indonesia-based MPMF as a subsidiary. In addition, although the Group pursued cost structure reforms, improved organizational and operational efficiency, and worked to reduce various expenses, credit loss-related costs increased due to the rise in receivables outstanding accompanying the expansion of total operating receivables and the increase in debt restructuring, including personal bankruptcy.」
The company continues cost structure reforms, organizational and operational efficiency improvements, and reductions in various expenses, while reporting increases in costs related to the consolidation of a subsidiary and credit loss-related costs. - FY2018-Q2RestatedAnnual report
「The Group has worked to reduce various expenses by pursuing cost structure reforms and improving organizational and operational efficiency. However, as operating receivables expanded, the balance of receivables outstanding increased, resulting in higher provisions for credit losses.」
The company continues cost structure reforms, organizational and operational efficiency improvements, and reductions in various expenses. - FY2018-Q1RestatedAnnual report
「Although the Group has pursued cost structure reform and operational efficiency, system-related costs for strategic investments increased.」
The company continues cost structure reforms and improvements in operating efficiency, while reporting an increase in system-related costs associated with strategic investments. - FY2017-Q3RestatedAnnual report
「In addition, we are actively pursuing cost structure reforms to ensure the strategic use of management resources.」
The company continues to describe its efforts to pursue cost structure reforms. - FY2017-Q2AdvancedAnnual report
「Operating expenses for the Group declined in financial costs as a result of favorable funding conditions. In addition, we have worked to reduce card-point-related costs and other expenses through cost structure reforms and greater organizational and operational efficiency.」
The company described specific initiatives to reduce card-point-related costs and other expenses through greater organizational and operational efficiency. Meanwhile, total operating expenses increased, mainly due to retirement benefit costs, credit loss-related costs and system-related costs. - FY2017-Q1RestatedAnnual report
「Against this backdrop, our Group has begun the second year of the three-year medium-term management plan, ACT-Σ (Act Sigma), and is promoting reforms to its cost structure aimed at the strategic use of management resources.」
The company continues to pursue cost structure reforms. - FY2016First statedAnnual report
「Against this backdrop, we identified containing the increase in operating expenses as an urgent priority, and launched and pursued cost structure reforms.」
The company identified containing the increase in operating expenses as an urgent priority during the fiscal year and stated that it had launched and pursued reforms.