Cost Reform
First written in FY2016. 4 of 29 entries say "Restated". Latest entry: FY2026.
19 other companies' latest entry also says "Other".
- FY2026Transaction-related and administrative expenses declined, but SG&A expenses edged up due to higher personnel expenses.Annual report
「SG&A expenses amounted to ¥10,392 million, an increase of 0.8% from the previous consolidated fiscal year, as personnel expenses rose to ¥5,182 million, or 4.6% higher, with the recovery in operating performance, despite transaction-related expenses declining to ¥1,259 million, or 7.5% lower, and administrative expenses falling to ¥2,028 million, or 4.1% lower.」
Transaction-related and administrative expenses declined following cost reviews, while higher personnel expenses brought total SG&A expenses 0.8% above the previous fiscal year's level. - 2026-04-28RestatedRevision of earnings forecasts
「By continuing to implement cost-structure reforms in parallel, we aim to achieve ROE of at least 8% in the final year of the medium-term management plan, the fiscal year ending March 2028.」
The company reiterates cost-structure reform as an ongoing measure under the medium-term management plan. - FY2026-H1Depreciation expenses increased, but total SG&A expenses declinedAnnual report
「SG&A expenses amounted to ¥5,146 million, or 99.2% of the previous interim consolidated accounting period's level, as depreciation expenses increased to ¥116 million, or 68.6% higher, due mainly to an increase in depreciable assets, while transaction-related expenses declined to ¥629 million, or 6.6% lower, real estate-related expenses fell to ¥627 million, or 4.1% lower, and administrative expenses decreased to ¥1,023 million, or 3.4% lower.」
Depreciation expenses increased, while lower transaction-related, real estate-related and administrative expenses brought total SG&A expenses 0.8% below the year-earlier level. - FY2025SG&A expenses declined due to lower personnel expenses and higher administrative expensesAnnual report
「Administrative expenses increased to ¥2,115 million due mainly to higher system-related outsourcing expenses, while personnel expenses fell to ¥4,953 million due to lower retirement benefit expenses and bonuses amid weaker operating performance, bringing total SG&A expenses to ¥10,301 million.」
System-related administrative expenses increased, but SG&A expenses declined 3.1% from the previous fiscal year due to lower personnel expenses. - FY2025-H1SG&A expenses edged down due to lower personnel expenses and higher administrative expensesAnnual report
「SG&A expenses amounted to ¥5,187 million, or 99.5% of the previous interim consolidated accounting period's level, as personnel expenses fell to ¥2,524 million, or 8.0% lower, due mainly to lower provisions for bonuses, while administrative expenses rose to ¥1,060 million, or 18.2% higher, due mainly to increased system costs.」
Personnel expenses declined, while administrative expenses increased due to system costs and other factors, bringing total SG&A expenses 0.5% below the year-earlier level. - FY2024SG&A expenses increased, with higher personnel expenses offset by lower depreciation expensesAnnual report
「SG&A expenses amounted to ¥10,640 million, an increase of 3.1% from the previous consolidated fiscal year, as personnel expenses rose to ¥5,505 million, or 9.5% higher, due to increased bonuses accompanying the recovery in operating performance, despite depreciation expenses declining to ¥87 million, or 81.4% lower.」
Personnel expenses increased due to higher bonuses accompanying the recovery in operating performance, while depreciation expenses declined substantially, bringing total SG&A expenses 3.1% above the previous fiscal year's level. - FY2024-Q3SG&A expenses edged up, with higher personnel expenses offset by lower depreciation expensesAnnual report
「SG&A expenses amounted to ¥7,774 million, or 100.5% of the year-earlier level, as personnel expenses rose to ¥4,061 million, or 6.4% higher, due to increased bonuses as operating performance recovered, despite depreciation expenses falling to ¥53 million, or 84.8% lower.」
Depreciation expenses declined, while personnel expenses increased due to higher bonuses accompanying the recovery in operating performance, bringing SG&A expenses 0.5% above the year-earlier level. - FY2024-Q2SG&A expenses were broadly unchanged, with higher personnel expenses offset by lower depreciation expensesAnnual report
「SG&A expenses amounted to ¥5,218 million, an increase of ¥2 million from the year-earlier level, as personnel expenses rose to ¥2,746 million, or 7.0% higher, due to increased provisions for bonuses and other factors reflecting the recovery in operating performance, despite depreciation expenses falling to ¥26 million, or 88.8% lower.」
Depreciation expenses declined substantially, while personnel expenses increased due to higher provisions for bonuses and other factors accompanying the recovery in operating performance, leaving total SG&A expenses broadly unchanged from the year-earlier level. - FY2024-Q1SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥2,600 million, a decrease of 0.6% from the year-earlier level, as depreciation expenses fell to ¥13 million, or 88.4% lower, among other factors.」
SG&A expenses declined 0.6% from the year-earlier level due mainly to a substantial decrease in depreciation expenses. - FY2023-Q3SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥7,729 million, or 94.7% of the year-earlier level, as personnel expenses fell to ¥3,813 million, or 9.1% lower, due to declines in winter bonuses and provisions for bonuses amid weak operating performance, while administrative expenses fell to ¥1,319 million, or 7.6% lower, due mainly to lower custodial fees for foreign securities.」
SG&A expenses declined 5.3% from the year-earlier level due to lower winter bonuses, provisions for bonuses and custodial fees for foreign securities, among other factors. - FY2023-Q2SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥5,215 million, a decrease of 4.1% from the year-earlier level, as personnel expenses fell to ¥2,565 million, or 8.5% lower, due mainly to lower provisions for bonuses.」
Personnel expenses declined due mainly to lower provisions for bonuses, bringing SG&A expenses 4.1% below the year-earlier level. - FY2023-Q1SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥2,617 million, a decrease of 4.2% from the year-earlier level, as personnel expenses fell to ¥1,300 million, or 8.2% lower, due mainly to lower provisions for bonuses.」
Personnel expenses declined due mainly to lower provisions for bonuses, bringing SG&A expenses 4.2% below the year-earlier level. - FY2022AdvancedAnnual report
「SG&A expenses amounted to ¥10,956 million, a decrease of 2.1% from the previous consolidated fiscal year, as personnel expenses fell to ¥5,468 million, or 2.0% lower, due mainly to lower provisions for bonuses, while transaction-related expenses declined to ¥1,229 million, or 5.4% lower, due mainly to lower advertising expenses.」
SG&A expenses declined 2.1% from the previous fiscal year due to lower personnel and transaction-related expenses. - FY2022-Q3SG&A expenses increased year on yearAnnual report
「SG&A expenses amounted to ¥8,389 million, or 102.8% of the year-earlier level, as transaction-related expenses declined to ¥913 million, or 93.4%, due mainly to lower communications and transportation expenses, while personnel expenses rose to ¥4,290 million, or 108.1%, due mainly to higher winter bonuses.」
Transaction-related expenses declined, while higher personnel expenses due mainly to increased winter bonuses brought total SG&A expenses to 102.8% of the year-earlier level. - FY2022-Q2SG&A expenses increased year on yearAnnual report
「SG&A expenses amounted to ¥5,592 million, or 105.4% of the year-earlier level, as transaction-related expenses declined to ¥603 million, or 93.2%, due mainly to lower communications and transportation expenses, while personnel expenses rose to ¥2,867 million, or 113.7%, due mainly to higher provisions for bonuses.」
Transaction-related expenses declined, while personnel expenses increased due mainly to higher provisions for bonuses, bringing total SG&A expenses to 105.4% of the year-earlier level. - FY2022-Q1SG&A expenses increased year on yearAnnual report
「SG&A expenses amounted to ¥2,811 million, or 107.2% of the year-earlier level, as transaction-related expenses declined to ¥293 million, or 93.2%, due mainly to lower communications and transportation expenses, while personnel expenses rose to ¥1,448 million, or 115.6%, due mainly to higher provisions for bonuses.」
Transaction-related expenses declined, while personnel expenses increased due mainly to higher provisions for bonuses, bringing total SG&A expenses to 107.2% of the year-earlier level. - FY2021SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥11,192 million, or 98.5% of the previous consolidated fiscal year's level, as personnel expenses rose to ¥5,583 million, or 103.2%, due mainly to higher provisions for bonuses, while administrative expenses declined to ¥1,935 million, or 92.1%, due mainly to lower consulting expenses and transaction-related expenses fell to ¥1,300 million, or 90.8%, due mainly to lower travel, transportation and entertainment expenses resulting from the suspension of face-to-face sales activities and other measures amid the spread of COVID-19.」
SG&A expenses came to 98.5% of the previous fiscal year's level due to lower administrative and transaction-related expenses. Personnel expenses, however, exceeded the previous fiscal year's level due mainly to higher provisions for bonuses. - FY2021-Q3SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥8,159 million, or 96.5% of the year-earlier level, as personnel expenses fell to ¥3,968 million, or 97.3%, due mainly to lower winter bonuses, while transaction-related expenses declined to ¥977 million, or 92.1%, due mainly to lower travel, transportation and entertainment expenses resulting from the suspension of face-to-face sales activities and other measures amid the spread of COVID-19.」
SG&A expenses came to 96.5% of the year-earlier level, due mainly to lower winter bonuses and lower expenses resulting from the suspension of face-to-face sales activities. - FY2021-Q2SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥5,303 million, or 95.0% of the year-earlier level, as personnel expenses fell to ¥2,522 million, or 92.7%, due mainly to lower provisions for bonuses, while transaction-related expenses declined to ¥647 million, or 92.4%, due mainly to lower travel, transportation and entertainment expenses resulting from the suspension of face-to-face sales activities and other measures amid the spread of COVID-19.」
SG&A expenses declined to 95.0% of the year-earlier level, mainly due to lower provisions for bonuses and lower expenses resulting from the suspension of face-to-face sales activities and other measures amid the spread of COVID-19. - FY2021-Q1SG&A expenses declined year on yearAnnual report
「SG&A expenses amounted to ¥2,621 million, or 93.2% of the year-earlier level, as personnel expenses fell to ¥1,252 million, or 90.9%, due mainly to lower provisions for bonuses amid weak operating performance, while transaction-related expenses declined to ¥315 million, or 91.2%, due mainly to lower travel, transportation and entertainment expenses resulting from the suspension of face-to-face sales activities and other measures amid the spread of COVID-19.」
SG&A expenses declined, mainly due to lower provisions for bonuses amid weak operating performance and lower expenses resulting from the suspension of face-to-face sales activities amid the spread of COVID-19. - FY2020AdvancedAnnual report
「SG&A expenses amounted to ¥11,352 million, or 92.1% of the previous consolidated fiscal year's level, as depreciation expenses fell to ¥445 million, or 41.5%, following the end of depreciation of the old core system after the migration in November 2018, while transaction-related expenses declined to ¥1,431 million, or 85.8%, due mainly to lower communications and transportation expenses.」
SG&A expenses declined to 92.1% of the previous fiscal year's level due to lower depreciation expenses and transaction-related expenses following the migration of the core system. - FY2020-Q3RestatedAnnual report
「SG&A expenses amounted to ¥8,451 million, or 90.3% of the year-earlier level, as depreciation expenses fell to ¥327 million, or 34.2%, following the end of depreciation of the old core system after the migration in November 2018, while transaction-related expenses declined to ¥1,061 million, or 84.5%, due mainly to lower communications and transportation expenses.」
Cost reductions from the end of depreciation of the old core system and lower communications and transportation expenses, among other factors, continued to be reflected. - FY2020-Q2RestatedAnnual report
「SG&A expenses amounted to ¥5,580 million, or 87.4% of the year-earlier level, as depreciation expenses fell to ¥213 million, or 24.3%, following the end of depreciation of the old core system after the migration in November 2018, while transaction-related expenses declined to ¥700 million, or 83.9%, due mainly to lower communications and transportation expenses.」
The decline in SG&A expenses has continued following the end of depreciation of the old system after the migration of the core system. - FY2020-Q1SG&A expenses declined due to lower depreciation expenses following the migration of the core systemAnnual report
「SG&A expenses amounted to ¥2,811 million, or 86.5% of the year-earlier level, as depreciation expenses fell to ¥105 million, or 23.3%, following the end of depreciation of the old core system after the migration in November 2018, while transaction-related expenses declined to ¥345 million, or 84.1%, due partly to lower exchange and association fees resulting from a decrease in domestic equity brokerage trading value.」
SG&A expenses declined to 86.5% of the year-earlier level due mainly to the end of depreciation of the old system following the migration of the core system. - FY2019AdvancedAnnual report
「SG&A expenses amounted to ¥12,322 million, a decrease of ¥1,073 million from the previous consolidated fiscal year, as personnel expenses and depreciation expenses declined following efforts to reduce expenses, including through reviews of operating efficiency, despite higher system-related costs associated with the migration of the core system.」
SG&A expenses declined year on year as personnel expenses and depreciation expenses decreased following measures such as reviews of operating efficiency. - FY2019-Q3SG&A expenses declinedAnnual report
「SG&A expenses amounted to ¥9,353 million, or 94.0% of the year-earlier level, as personnel expenses fell to ¥4,094 million, or 87.2%, due to lower bonuses resulting from weaker operating performance, despite administrative expenses rising to ¥1,466 million, or 113.1%, mainly due to costs related to the migration of the core system.」
Administrative expenses increased due to costs related to the migration of the core system, while personnel expenses declined due to lower bonuses and other factors, bringing total SG&A expenses to 94.0% of the year-earlier level. - FY2018RestatedAnnual report
「SG&A expenses amounted to ¥13,396 million, an increase of ¥1,040 million from the previous consolidated fiscal year, as higher costs related to the migration of the core system, mainly depreciation expenses, outweighed efforts to reduce expenses through measures such as reviewing operating efficiency.」
Although the company continued to review operating efficiency and reduce expenses, SG&A expenses increased due to costs related to the migration of the core system. - FY2017Cited as achievedAnnual report
「Under the previous medium-term management plan, various measures were implemented to transform the earnings structure so that it could withstand changes in market conditions. These measures resulted in a broader customer base and lower fixed costs, primarily real estate-related expenses,」
The reduction in fixed costs, primarily real estate-related expenses, is cited as a past achievement of the previous medium-term management plan. - FY2016First statedAnnual report
「② Cost reform: Continue reducing expenses across all divisions, including cost savings through streamlining sales administration and reviewing systems.」
The measures include expense reductions, streamlining sales administration and reviewing systems.