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Maruhachi Securities (8700) · InitiativeIncrease in total expenses

Expense Reduction Amid a Challenging Earnings Environment

First written in FY2017-Q2. 12 of 33 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.

33entries
11years
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ProgressHeldSoftenedWorseAdvancedFY2017-Q3 – FY2018-Q3OtherFY2024-Q1 – FY20262016: 12017: 420172018: 420182019: 320192020: 320202021: 420212022: 420222023: 420232024: 320242025: 120252026: 22026
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Showing 14 of the 188 companies compared. The sentences above are computed from all 188.Comparing 200 of the theme's 430 threads.
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  1. FY2026Increase in total expensesAnnual report

    「Selling, general and administrative expenses amounted to ¥2,820 million (up 7.0% year on year). This was mainly due to personnel expenses increasing by ¥140 million to ¥1,554 million (up 10.0%), administrative expenses increasing by ¥25 million to ¥549 million (up 4.9%), and transaction-related expenses increasing by ¥22 million to ¥346 million (up 6.8%).」

    Due to higher personnel, administrative, and transaction-related expenses, selling, general and administrative expenses increased 7.0% from the previous fiscal year, and total expenses increased.
  2. 2026-04-30OtherEarnings

    「Selling, general and administrative expenses were ¥2,820 million, up 7.0% year on year.」

    Selling, general and administrative expenses increased due mainly to higher personnel expenses, administrative expenses and transaction-related expenses.
  3. FY2026-H1RestatedAnnual report

    「3) Stabilizing the revenue structure We will work to stabilize the revenue structure by improving employee capabilities and productivity per employee, as well as reviewing the cost structure.」

    The company continues to pursue the stabilization of its earnings structure through a review of its cost structure as a management strategy under its new medium-term management plan.
  4. FY2025-H1Mid-year total expenses increasedAnnual report

    「Selling, general and administrative expenses amounted to ¥1,313 million (up 3.4% year on year). This was mainly due to administrative expenses increasing by ¥24 million to ¥273 million (up 10.0%) and transaction-related expenses increasing by ¥21 million to ¥149 million (up 17.0%).」

    Selling, general and administrative expenses increased 3.4% year on year due to higher administrative and transaction-related expenses, among other factors.
  5. FY2024Full-year total expenses increased, with the increase acceleratingAnnual report

    「Selling, general and administrative expenses amounted to ¥2,594 million (up 9.5% year on year). This was mainly due to personnel expenses increasing by ¥138 million to ¥1,439 million (up 10.7%), transaction-related expenses increasing by ¥46 million to ¥296 million (up 18.8%), administrative expenses increasing by ¥18 million to ¥491 million (up 4.0%), and taxes and dues increasing by ¥12 million to ¥56 million (up 28.0%).」

    Due to higher personnel, transaction-related, administrative, and taxes and dues expenses, selling, general and administrative expenses increased 9.5% from the previous fiscal year, turning from a 3.1% decline in the previous fiscal year to an increase.
  6. FY2024-Q3Total expenses increased, with the increase acceleratingAnnual report

    「Selling, general and administrative expenses amounted to ¥1,888 million (up 6.5% year on year). This was mainly due to personnel expenses increasing by ¥51 million to ¥1,034 million (up 5.3%), transaction-related expenses increasing by ¥31 million to ¥212 million (up 17.6%), and administrative expenses increasing by ¥17 million to ¥363 million (up 4.9%).」

    Due to higher personnel, transaction-related, and administrative expenses, selling, general and administrative expenses increased 6.5% year on year, widening the increase from 5.6% in the previous quarter's cumulative period.
  7. FY2024-Q2Increase in total expensesAnnual report

    「Selling, general and administrative expenses amounted to ¥1,270 million (up 5.6% year on year). This was mainly due to personnel expenses increasing by ¥38 million to ¥703 million (up 5.8%) and administrative expenses increasing by ¥17 million to ¥248 million (up 7.4%).」

    Due to higher personnel and administrative expenses, selling, general and administrative expenses increased 5.6% year on year, and total expenses continued to increase following the previous quarterly report.
  8. FY2024-Q1Increase in total expensesAnnual report

    「Selling, general and administrative expenses amounted to ¥646 million (up 5.3% year on year). This was mainly due to administrative expenses increasing by ¥17 million to ¥133 million (up 14.8%), personnel expenses increasing by ¥5 million to ¥344 million (up 1.6%), and real estate-related expenses decreasing by ¥5 million to ¥57 million (down 8.1%).」

    Selling, general and administrative expenses increased 5.3% year on year due to higher administrative and personnel expenses, among other factors.
  9. FY2023AdvancedAnnual report

    「Selling, general and administrative expenses amounted to ¥2,369 million (down 3.1% year on year). This was mainly due to personnel expenses decreasing by ¥165 million to ¥1,300 million (down 11.3%), while administrative expenses increased by ¥38 million to ¥472 million (up 9.0%), real estate-related expenses increased by ¥37 million to ¥201 million (up 22.7%), and depreciation and amortization increased by ¥17 million to ¥51 million (up 51.4%).」

    Selling, general and administrative expenses decreased 3.1% from the previous fiscal year, primarily due to lower personnel expenses. Meanwhile, administrative, real estate-related, and depreciation and amortization expenses increased, with trends varying by expense category.
  10. FY2023-Q3AdvancedAnnual report

    「Selling, general and administrative expenses amounted to ¥1,772 million (down 2.0% year on year). This was mainly due to personnel expenses decreasing by ¥111 million to ¥983 million (down 10.2%), while real estate-related expenses increased by ¥37 million to ¥156 million (up 31.8%) and administrative expenses increased by ¥24 million to ¥346 million (up 7.5%).」

    Selling, general and administrative expenses decreased 2.0% year on year, mainly due to lower personnel expenses, turning from broadly flat in the cumulative second quarter to a decline. Meanwhile, real estate-related and administrative expenses increased.
  11. FY2023-Q2Total expenses broadly unchangedAnnual report

    「Selling, general and administrative expenses amounted to ¥1,203 million (up 0.1% year on year). This was mainly due to real estate-related expenses increasing by ¥34 million to ¥112 million (up 44.6%), administrative expenses increasing by ¥19 million to ¥231 million (up 9.2%), depreciation and amortization increasing by ¥15 million to ¥23 million (up 173.1%), and personnel expenses decreasing by ¥71 million to ¥664 million (down 9.8%).」

    Personnel expenses declined, while real estate-related, administrative, and depreciation and amortization expenses increased, leaving total selling, general and administrative expenses broadly unchanged at up 0.1% year on year.
  12. FY2023-Q1Total expenses slightly higherAnnual report

    「Selling, general and administrative expenses amounted to ¥613 million (up 0.7% year on year). This was mainly due to real estate-related expenses increasing by ¥22 million to ¥62 million (up 55.5%), administrative expenses increasing by ¥10 million to ¥116 million (up 10.2%), and personnel expenses decreasing by ¥36 million to ¥339 million (down 9.7%).」

    Personnel expenses declined, while real estate-related and administrative expenses increased, resulting in a 0.7% year-on-year increase in total selling, general and administrative expenses.
  13. FY2022AdvancedAnnual report

    「Selling, general and administrative expenses amounted to ¥2,444 million (down 0.6% year on year). This was mainly due to administrative expenses decreasing by ¥24 million to ¥433 million (down 5.3%), real estate-related expenses decreasing by ¥13 million to ¥164 million (down 7.5%), transaction-related expenses increasing by ¥11 million to ¥253 million (up 4.8%), and depreciation and amortization increasing by ¥10 million to ¥34 million (up 44.1%).」

    Selling, general and administrative expenses decreased 0.6% from the previous fiscal year due to reductions in administrative and real estate-related expenses, among other factors, and total expenses for the full year have begun to decline.
  14. FY2022-Q3Total expenses broadly unchangedAnnual report

    「Selling, general and administrative expenses amounted to ¥1,808 million (down 0.0% year on year). This was mainly due to real estate-related expenses decreasing by ¥19 million to ¥118 million (down 14.0%), administrative expenses decreasing by ¥12 million to ¥322 million (down 3.7%), personnel expenses increasing by ¥19 million to ¥1,094 million (up 1.8%), and transaction-related expenses increasing by ¥13 million to ¥186 million (up 7.6%).」

    Real estate-related and administrative expenses declined, while personnel and transaction-related expenses increased, leaving total selling, general and administrative expenses broadly unchanged at down 0.0% year on year.
  15. FY2022-Q2AdvancedAnnual report

    「Selling, general and administrative expenses amounted to ¥1,202 million (down 0.3% year on year). This was mainly due to real estate-related expenses decreasing by ¥21 million to ¥78 million (down 21.7%), administrative expenses decreasing by ¥8 million to ¥211 million (down 3.8%), and personnel expenses increasing by ¥24 million to ¥736 million (up 3.5%).」

    Selling, general and administrative expenses decreased 0.3% year on year due to reductions in real estate-related and administrative expenses, among other factors.
  16. FY2022-Q1Increase in total expensesAnnual report

    「Selling, general and administrative expenses amounted to ¥609 million (up 2.0% year on year). This was mainly due to personnel expenses increasing by ¥31 million to ¥375 million (up 9.2%).」

    Due to higher personnel expenses, total expenses increased quarter on quarter despite efforts to reduce costs, with selling, general and administrative expenses up 2.0% year on year.
  17. FY2021Continued increase in total expensesAnnual report

    「Selling, general and administrative expenses amounted to ¥2,458 million (up 6.8% year on year). This was mainly due to personnel expenses increasing by ¥93 million to ¥1,467 million (up 6.8%) and administrative expenses increasing by ¥62 million to ¥458 million (up 15.8%).」

    Selling, general and administrative expenses increased 6.8% from the previous fiscal year due to higher personnel and administrative expenses.
  18. FY2021-Q3Continued increase in total expensesAnnual report

    「Selling, general and administrative expenses amounted to ¥1,808 million (up 4.4% year on year). This was mainly due to personnel expenses increasing by ¥41 million to ¥1,074 million (up 4.0%) and administrative expenses increasing by ¥39 million to ¥334 million (up 13.5%).」

    Due to higher personnel and administrative expenses, selling, general and administrative expenses increased 4.4% year on year, and total expenses continued to increase.
  19. FY2021-Q2Increase in total expensesAnnual report

    「Administrative expenses increased by ¥24 million to ¥220 million (up 12.4% year on year), while personnel expenses increased by ¥19 million to ¥711 million (up 2.8%). As a result, among other factors, selling, general and administrative expenses increased by ¥49 million to ¥1,206 million (up 4.3%).」

    Due to higher administrative and personnel expenses, selling, general and administrative expenses increased 4.3% year on year, turning total expenses from a decline in FY2021-Q1 to an increase.
  20. FY2020AdvancedAnnual report

    「Administrative expenses decreased by ¥39 million to ¥395 million (down 9.0% year on year), transaction-related expenses decreased by ¥24 million to ¥231 million (down 9.6%), and real estate-related expenses decreased by ¥15 million to ¥180 million (down 8.1%). As a result, among other factors, total selling, general and administrative expenses decreased by ¥73 million to ¥2,302 million (down 3.1%).」

    Selling, general and administrative expenses decreased 3.1% from the previous fiscal year due to reductions in administrative, transaction-related and real estate-related expenses.
  21. FY2020-Q3AdvancedAnnual report

    「Personnel expenses increased by ¥28 million to ¥1,033 million (up 2.8% year on year), while administrative expenses decreased by ¥35 million to ¥294 million (down 10.8%) and transaction-related expenses decreased by ¥13 million to ¥171 million (down 7.5%). As a result, among other factors, selling, general and administrative expenses decreased by ¥30 million to ¥1,731 million (down 1.7%).」

    Although personnel expenses increased, selling, general and administrative expenses decreased 1.7% year on year due to lower administrative and transaction-related expenses, turning from an increase in FY2020-Q2 to a decline.
  22. FY2020-Q1AdvancedAnnual report

    「Personnel expenses increased by ¥8 million to ¥342 million (up 2.4% year on year), but administrative expenses decreased by ¥9 million. As a result, among other factors, selling, general and administrative expenses decreased by ¥4 million to ¥576 million (down 0.7%).」

    Although personnel expenses increased, selling, general and administrative expenses decreased 0.7% year on year due to lower administrative expenses and other factors, and total expenses declined.
  23. FY2019Continued increase in total expensesAnnual report

    「Administrative expenses decreased by ¥35 million, but personnel expenses increased by ¥46 million to ¥1,368 million (up 3.5% year on year). As a result, among other factors, total selling, general and administrative expenses increased by ¥4 million to ¥2,376 million (up 0.2%).」

    Although administrative expenses declined, selling, general and administrative expenses increased 0.2% from the previous fiscal year due to higher personnel expenses and other factors, and total expenses continued to increase.
  24. FY2019-Q3Continued increase in total expensesAnnual report

    「Personnel expenses increased by ¥53 million to ¥1,005 million (up 5.6% year on year), while administrative expenses decreased by ¥27 million. As a result, among other factors, selling, general and administrative expenses increased by ¥27 million to ¥1,762 million (up 1.6%).」

    Although administrative expenses declined, selling, general and administrative expenses increased 1.6% year on year due to higher personnel expenses and other factors, and total expenses continued to increase.
  25. FY2019-Q2Continued increase in total expensesAnnual report

    「Administrative expenses decreased by ¥25 million, but personnel expenses increased by ¥50 million to ¥675 million (up 8.1% year on year). As a result, among other factors, selling, general and administrative expenses increased by ¥17 million to ¥1,165 million (up 1.5%).」

    Although administrative expenses declined, selling, general and administrative expenses increased 1.5% year on year due to higher personnel expenses and other factors, and total expenses were not reduced.
  26. FY2019-Q1Continued increase in total expensesAnnual report

    「Office expenses decreased by ¥9 million, but personnel expenses increased by ¥17 million to ¥334 million, up 5.5% year on year, due mainly to an increase in the provision for bonuses. As a result, selling, general and administrative expenses increased by ¥3 million to ¥580 million, up 0.7% year on year.」

    Although administrative expenses declined, selling, general and administrative expenses increased 0.7% year on year due to higher personnel expenses and other factors, and total expenses were not reduced.
  27. FY2018Increase in total expensesAnnual report

    「Although transaction-related expenses decreased by ¥9 million, taxes and dues increased by ¥16 million due to higher business taxes and other factors, resulting in selling, general and administrative expenses increasing by ¥10 million to ¥2,371 million, up 0.5% year on year.」

    Transaction-related expenses decreased, but overall selling, general and administrative expenses increased 0.5% year on year due to higher taxes and dues, among other factors.
  28. FY2018-Q3AdvancedAnnual report

    「Personnel expenses decreased by ¥44 million to ¥951 million, down 4.4% year on year, mainly due to a decrease in headcount. As a result, selling, general and administrative expenses decreased by ¥37 million to ¥1,735 million, down 2.1% year on year.」

    Personnel expenses decreased 4.4% year on year due to a decrease in headcount and other factors, while selling, general and administrative expenses also decreased by ¥37 million, or 2.1%.
  29. FY2018-Q2AdvancedAnnual report

    「Personnel expenses decreased by ¥37 million to ¥625 million, down 5.7% year on year, mainly due to a decrease in headcount. As a result, selling, general and administrative expenses decreased by ¥31 million to ¥1,147 million, down 2.6% year on year.」

    Personnel expenses decreased 5.7% year on year, while selling, general and administrative expenses also decreased by ¥31 million, or 2.6%.
  30. FY2018-Q1AdvancedAnnual report

    「Personnel expenses decreased by ¥21 million to ¥317 million, down 6.2% year on year, mainly due to a decrease in headcount. Together with a ¥9 million decrease in transaction-related expenses, this resulted in selling, general and administrative expenses decreasing by ¥32 million to ¥576 million, down 5.4% year on year.」

    Personnel expenses decreased 6.2% year on year due to a decrease in headcount and other factors, while selling, general and administrative expenses also decreased by ¥32 million, or 5.4%.
  31. FY2017AdvancedAnnual report

    「As a result of expense reductions, personnel expenses decreased by ¥135 million to ¥1,321 million, down 9.3% year on year. Office expenses decreased by ¥61 million, transaction-related expenses by ¥55 million, and real estate-related expenses by ¥16 million, resulting in a ¥267 million decrease in selling, general and administrative expenses to ¥2,361 million, down 10.2% year on year.」

    The company reduced personnel expenses, office expenses, transaction-related expenses and real estate-related expenses, lowering selling, general and administrative expenses 10.2% year on year.
  32. FY2017-Q3AdvancedAnnual report

    「As a result of continued expense reductions amid a challenging earnings environment, an overview of the company's results for the third quarter is as follows. Selling, general and administrative expenses decreased 10.9% year on year to ¥1,772 million, mainly because transaction-related expenses fell 17.3% to ¥191 million due to reductions in advertising expenses, personnel expenses fell 10.5% to ¥996 million due to lower bonuses, and office expenses fell 10.4% to ¥348 million due to reductions in system-related expenses.」

    The company continued to reduce expenses, lowering selling, general and administrative expenses 10.9% year on year through reductions in advertising expenses, bonuses and system-related expenses, among others.
  33. FY2017-Q2First statedAnnual report

    「Amid a challenging earnings environment, the company also worked to reduce expenses. An overview of its results for the second quarter is as follows.」

    The company newly reported that it worked to reduce expenses in response to the challenging earnings environment.
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  1. ★This thread
  2. 1Sales of stocks, investment trusts and foreign-currency-denominated bonds9×
  3. 2Providing Information through Branch Seminars3×
  4. 3Enhancing Advisory Services for Inheritance and Business Succession and Encouraging All Employees to Obtain Financial Planner Qualifications3×
  5. 4Transition to a revenue structure less dependent on market conditions through the expansion of assets under custody in investment trusts3×
  6. 5Impact of COVID-19 on sales activities and financial performance3×
  7. 6Promoting Mutual Fund Accumulation Plans and Tsumitate NISA Through a Multi-Bank Account Transfer Service2×

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Maruhachi Securities's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-04-30: "Other".
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Expense Reduction Amid a Challenging Earnings Environment | Maruhachi Securities Co.,Ltd. (8700) | Komori