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The Kosei Securities (8617) · InitiativeAdvancedLatest Earnings (2026-10-22): "Worsened"

Cost Reduction and Efficient Management

First written in FY2016. 15 of 36 entries say "Advanced", first in FY2017. Latest entry: 2026-10-22.

36entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2024-Q1 – FY20252016: 120162017: 320172018: 420182019: 420192020: 420202021: 420212022: 420222023: 320232024: 320242025: 120252026: 52026
Same theme, other companies
Increase in selling, general and administrative expensesA theme 37 companies write about · 16 as a headwind · 17 as a tailwind

The Kosei Securities moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).

The whole theme swung hardest in 2026: 9 of 31 companies on the "Worse" side.

6 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 37 companies compared. The sentences above are computed from all 37.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Selling and general administrative expenses were ¥1,012 million (95.1% compared with the previous fiscal year).」

    Selling and general administrative expenses fell from ¥1,064 million in the previous fiscal year to ¥1,012 million, indicating measurable improvement through cost cutting and more efficient operations.
  2. FY2025WorsenedAnnual report

    「Selling and general administrative expenses were ¥1,064 million (105.3% compared with the previous fiscal year).」

    Selling and general administrative expenses rose from ¥1,011 million in the previous fiscal year to ¥1,064 million, or 105.3% compared with the previous fiscal year. The results of cost cutting and more efficient operations retreated from the previous year.
  3. FY2025-H1WorsenedAnnual report

    「Selling and general administrative expenses were ¥556 million (115.7% year on year).」

    Selling and general administrative expenses rose from ¥480 million in the same period of the previous year to ¥556 million, or 115.7% year on year.
  4. FY2024WorsenedAnnual report

    「Financial income was ¥126 million (184.6% compared with the previous fiscal year), while selling and general administrative expenses were ¥1,011 million (110.7%).」

    Selling and general administrative expenses rose from ¥913 million in the previous fiscal year to ¥1,011 million, or 110.7% compared with the previous fiscal year. They were higher than the expense level through the immediately preceding period.
  5. FY2024-Q3WorsenedAnnual report

    「Meanwhile, financial income rose to ¥95 million compared with the previous fiscal year (153.5%), while selling and general administrative expenses were ¥742 million (109.8%).」

    Selling and general administrative expenses rose from ¥676 million in the same period of the previous year to ¥742 million, or 109.8% year on year, and the expense level also rose from 107.5% in the immediately preceding FY2024-Q2.
  6. FY2024-Q2WorsenedAnnual report

    「Financial income was ¥81 million (162.4% year on year), while selling and general administrative expenses were ¥480 million (107.5%).」

    Selling and general administrative expenses rose from ¥446 million in the same period of the previous year to ¥480 million, or 107.5% year on year, indicating a retreat in the cost-cutting and operating-efficiency results compared with the same period of the previous year.
  7. FY2024-Q1WorsenedAnnual report

    「Meanwhile, financial income was ¥54 million (207.1% year on year), while selling, general and administrative expenses were ¥233 million (104.6%).」

    Selling, general and administrative expenses rose from ¥223 million in the same period of the previous year to ¥233 million, or 104.6% year on year, and the expense level rose from 100.0% year on year in the preceding filing.
  8. FY2023-Q3RestatedAnnual report

    「Selling, general and administrative expenses were ¥676 million (100.0% year on year).」

    Selling, general and administrative expenses were ¥676 million, unchanged from the same period of the previous year, with no new increase or decrease indicated in cost reduction or operating efficiency.
  9. FY2023-Q2AdvancedAnnual report

    「Financial income was ¥50 million (156.8% year on year), while selling and general administrative expenses were ¥446 million (98.8%).」

    Selling and general administrative expenses fell from ¥452 million in the same period of the previous year to ¥446 million, or 98.8% year on year, indicating measurable improvement through cost cutting and more efficient operations.
  10. FY2023-Q1RestatedAnnual report

    「Selling, general and administrative expenses were ¥223 million (100.0% year on year).」

    Selling, general and administrative expenses were ¥223 million, unchanged from the same period of the previous year, with no new increase or decrease indicated in cost reduction or operating efficiency.
  11. FY2022AdvancedAnnual report

    「Selling and general administrative expenses were ¥901 million (96.3% compared with the previous fiscal year).」

    Selling and general administrative expenses fell from ¥935 million in the previous fiscal year to ¥901 million, or 96.3% compared with the previous fiscal year, indicating a measurable reduction through cost cutting and more efficient operations.
  12. FY2022-Q3AdvancedAnnual report

    「Financial income fell to ¥52 million compared with the previous fiscal year (62.4%), while selling and general administrative expenses were ¥676 million (95.0%).」

    Selling and general administrative expenses for the nine-month period fell from ¥711 million in the same period of the previous year to ¥676 million, or 95.0% year on year.
  13. FY2022-Q2AdvancedAnnual report

    「Financial income was ¥32 million (60.4% year on year), while selling, general and administrative expenses were ¥452 million (93.6%).」

    Selling, general and administrative expenses fell from ¥483 million in the same period of the previous year to ¥452 million, or 93.6% year on year. Measurable improvement through cost cutting and more efficient operations was indicated.
  14. FY2022-Q1AdvancedAnnual report

    「Selling and general administrative expenses were ¥223 million (89.9% year on year).」

    Selling and general administrative expenses fell from ¥248 million in the same period of the previous year to ¥223 million, or 89.9% year on year.
  15. FY2021AdvancedAnnual report

    「Selling and general administrative expenses were ¥935 million (98.8% compared with the previous fiscal year).」

    Selling and general administrative expenses fell from ¥947 million in the previous fiscal year to ¥935 million, or 98.8% compared with the previous fiscal year, indicating a measurable reduction through cost cutting and more efficient operations.
  16. FY2021-Q3WorsenedAnnual report

    「Financial income fell to ¥83 million compared with the previous fiscal year (64.8%), while selling and general administrative expenses were ¥711 million (103.1%).」

    Selling and general administrative expenses rose from ¥690 million in the same period of the previous year to ¥711 million, or 103.1% year on year. Following the 106.5% recorded in FY2021-Q2, cost-cutting and operating-efficiency expenses increased year on year.
  17. FY2021-Q2WorsenedAnnual report

    「Financial income fell to ¥53 million (64.3% year on year), while selling and general administrative expenses were ¥483 million (106.5%).」

    Selling and general administrative expenses rose from ¥453 million in the same period of the previous year to ¥483 million, or 106.5% year on year. This represents a retreat from the cost-cutting results achieved in the same period of the previous year.
  18. FY2021-Q1WorsenedAnnual report

    「Selling and general administrative expenses were ¥248 million (111.0% year on year).」

    Selling and general administrative expenses rose from ¥223 million in the same period of the previous year to ¥248 million, or 111.0% year on year. This represents a retreat from the cost-cutting and operating-efficiency results reported for FY2020.
  19. FY2020AdvancedAnnual report

    「Selling and general administrative expenses were ¥947 million (94.6% compared with the previous fiscal year).」

    Selling and general administrative expenses fell from ¥1,001 million in the previous fiscal year to ¥947 million, indicating measurable improvement through cost cutting and more efficient operations.
  20. FY2020-Q3AdvancedAnnual report

    「Financial income was ¥128 million (184.4% year on year), reflecting an increase in income from margin transactions compared with the previous fiscal year, while selling and general administrative expenses were ¥690 million (89.0%).」

    Selling and general administrative expenses fell from ¥775 million in the same period of the previous year to ¥690 million, or 89.0% year on year, indicating measurable improvement through cost cutting and more efficient operations.
  21. FY2020-Q2AdvancedAnnual report

    「Selling and general administrative expenses were ¥453 million (97.7% year on year).」

    Selling and general administrative expenses fell from ¥464 million in the same period of the previous year to ¥453 million, or 97.7% year on year. A measurable improvement through cost cutting and more efficient operations was indicated.
  22. FY2020-Q1AdvancedAnnual report

    「Selling, general and administrative expenses were ¥223 million (97.0% year on year).」

    Selling, general and administrative expenses fell from ¥230 million in the same period of the previous year to ¥223 million, or 97.0% year on year, indicating a measurable reduction through cost cutting and more efficient operations.
  23. FY2019WorsenedAnnual report

    「Selling and general administrative expenses were ¥1,001 million (103.9% compared with the previous fiscal year).」

    Selling and general administrative expenses rose from ¥964 million in the previous fiscal year to ¥1,001 million, or 103.9% compared with the previous fiscal year. The upward trend seen in the third quarter of FY2019 was also evident on a full-year basis.
  24. FY2019-Q3WorsenedAnnual report

    「Financial income was ¥69 million (50.7% year on year), while selling, general and administrative expenses were ¥775 million (107.3%).」

    Selling and general administrative expenses rose from ¥722 million in the same period of the previous year to ¥775 million, or 107.3% year on year, reversing the trend from the 99% range through the previous quarter.
  25. FY2019-Q2AdvancedAnnual report

    「Financial income was ¥45 million (90.2% year on year), while selling, general and administrative expenses were ¥464 million (95.3%).」

    Selling, general and administrative expenses fell from ¥487 million in the same period of the previous year to ¥464 million, or 95.3% year on year, indicating a measurable reduction through cost cutting and more efficient operations.
  26. FY2019-Q1AdvancedAnnual report

    「Selling, general and administrative expenses were ¥230 million, or 94.2% of the previous fiscal year.」

    Selling, general and administrative expenses fell from ¥244 million in the same period of the previous year to ¥230 million, or 94.2% year on year, indicating measurable improvement in cost reduction and operating efficiency.
  27. FY2018Cost reduction performance retreats from the previous fiscal yearAnnual report

    「Selling, general and administrative expenses were ¥964 million, or 100.1% of the previous fiscal year's level.」

    Selling, general and administrative expenses rose from ¥963 million in the previous fiscal year to ¥964 million, remaining broadly flat at 100.1% of the previous fiscal year's level but failing to decline.
  28. FY2018-Q3RestatedAnnual report

    「Financial income was ¥137 million, or 105.7% of the same period of the previous year, while selling, general and administrative expenses were ¥722 million, or 99.4% of the same period of the previous year.」

    Selling, general and administrative expenses were ¥722 million, or 99.4% of the same period of the previous year, indicating the continuation of cost reduction and efficient management. No new cost-cutting initiatives or clear additional milestones are provided.
  29. FY2018-Q2RestatedAnnual report

    「Financial income was ¥49 million, or 94.4% of the same period of the previous year, while selling, general and administrative expenses were ¥487 million, or 99.7% of the same period of the previous year.」

    Selling, general and administrative expenses were 99.7% of the same period of the previous year, broadly unchanged year on year, indicating the continuation of cost reduction and efficient management. No new cost-cutting initiatives or clear additional milestones are mentioned.
  30. FY2018-Q1AdvancedAnnual report

    「Selling, general and administrative expenses were ¥244 million, or 99.1% of the same period of the previous year.」

    Selling, general and administrative expenses in the first quarter were 99.1% of the same period of the previous year, down from ¥247 million in the same period of the previous year. This indicates a measurable improvement in cost reduction and efficient management.
  31. FY2017AdvancedAnnual report

    「As a result of our continued efforts to reduce costs and operate efficiently, selling, general and administrative expenses were ¥963 million, or 95.9% of the previous fiscal year's level.」

    The cost reduction and efficient management initiatives produced a measurable result, with selling, general and administrative expenses at 95.9% of the previous fiscal year's level, a decrease from the previous year.
  32. FY2016First statedAnnual report

    「Although we continued working to reduce costs and operate efficiently, selling, general and administrative expenses were ¥1,004 million, or 106.6% of the previous fiscal year's level.」

    The company continues cost reduction and efficient management initiatives, but selling, general and administrative expenses increased from the previous fiscal year.
Moved together

"Year-end dividend of ¥5 per share for the current period" moved the same way as this thread, in the same document, in 10 of its 36 moves.

1096443★123456
  1. ★This thread
  2. 1Year-end dividend of ¥5 per share for the current period10×
  3. 2A revenue structure centered on trading income9×
  4. 3Ensuring Financial Soundness and Attention to the Capital Adequacy Ratio6×
  5. 4Fluctuations in Commission Income and Trading Revenue Due to Market Conditions4×
  6. 5Strategic Holdings of Investment Securities and Portfolio Review4×
  7. 6Trading Losses Due to Market Levels and Volatility3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
The Kosei Securities's next results are scheduled for 2026-10-22. Read the earnings preview It last moved in the Earnings of 2026-10-22: "Worsened".
News
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Cost Reduction and Efficient Management | The Kosei Securities Co.,Ltd. (8617) | Komori