Improving Earnings through Cost Reduction and Operational Efficiency
First written in FY2017. 19 of 35 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-06.
Nissan Securities Group moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
7 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedFinancial results presentation
「Selling, general and administrative expenses increased 0.2% year on year to ¥1,691 million」
Selling, general and administrative expenses increased 0.2% year on year. Although personnel expenses declined, total expenses rose slightly because of increases in office and other expenses. - FY2026WorsenedAnnual report
「Selling, general and administrative expenses were ¥7,070 million, or 107.1% of the previous year, and operating income was ¥1,467 million, or 205.9%.」
Selling, general and administrative expenses increased from ¥6,604 million in the previous year to ¥7,070 million, or 107.1% of the previous year's level. Although operating profit increased, costs deteriorated relative to the focus on cost reduction and operational efficiency. - FY2026-H1AdvancedAnnual report
「Selling, general and administrative expenses were ¥3,264 million, or 96.6% of the previous year's level,」
Selling, general and administrative expenses decreased from ¥3,379 million in the same period of the previous year to ¥3,264 million, or 96.6% of the previous year's level. Although operating profit decreased, measurable improvement was reflected in costs. - FY2025AdvancedAnnual report
「Selling, general and administrative expenses were ¥6,604 million, or 97.2% of the previous year's level,」
Selling, general and administrative expenses decreased from ¥6,794 million in the previous year to ¥6,604 million, or 97.2% of the previous year's level. Measurable improvements were reflected in cost reduction and efficiency. - FY2025-H1WorsenedAnnual report
「Selling, general and administrative expenses were ¥3,379 million, or 103.3% of the previous year's level, mainly because personnel expenses increased by ¥178 million from the same period of the previous year to ¥1,761 million, or 111.3%, owing to an increase in the provision for bonuses and other factors.」
Selling, general and administrative expenses increased by 3.3% from the same period of the previous year to ¥3,379 million, while personnel expenses also increased by ¥178 million. Costs deteriorated during the interim consolidated accounting period despite the focus on cost reduction and operational efficiency. - FY2024WorsenedAnnual report
「Selling, general and administrative expenses were ¥6,793 million, or 108.1% of the previous year's level, mainly because transaction-related expenses increased by ¥266 million from the same period of the previous year to ¥1,700 million, or 118.6%, in line with the increase in trading volume and other factors.」
Selling, general and administrative expenses increased by 8.1% from the previous year to ¥6,793 million, while transaction-related expenses also increased by ¥266 million. Annual costs deteriorated despite the focus on cost reduction and operational efficiency. - FY2024-Q3WorsenedAnnual report
「Selling, general and administrative expenses were ¥4,877 million, or 103.0% of the previous year's level, mainly because transaction-related expenses increased by ¥201 million from the same period of the previous year to ¥1,251 million, or 119.2%, in line with the increase in trading volume and other factors,」
Selling, general and administrative expenses increased by 3.0% from the same period of the previous year to ¥4,877 million, while transaction-related expenses also increased by ¥201 million. Costs increased during the nine-month period despite the focus on cost reduction and operational efficiency. - FY2024-Q2WorsenedAnnual report
「Selling, general and administrative expenses were ¥3,272 million, or 102.2% of the previous year's level, mainly because transaction-related expenses increased by ¥151 million from the same period of the previous year to ¥830 million, or 122.2%, in line with the increase in trading volume and other factors,」
Selling, general and administrative expenses increased by 2.2% from the same period of the previous year to ¥3,272 million, while transaction-related expenses also increased by ¥151 million. Costs increased during the quarter despite the focus on cost reduction and operational efficiency. - FY2024-Q1WorsenedAnnual report
「Selling, general and administrative expenses were ¥1,669 million, or 105.8% of the previous year's level, mainly because transaction-related expenses increased by ¥77 million from the same period of the previous year to ¥423 million, or 122.5%, in line with the increase in trading volume and other factors.」
Selling, general and administrative expenses increased by 5.8% from the same period of the previous year to ¥1,669 million, while transaction-related expenses also increased by ¥77 million. Despite the focus on cost reduction and operational efficiency, costs deteriorated during the quarter, although operating profit increased. - FY2023AdvancedAnnual report
「Selling, general and administrative expenses were ¥6,283 million, or 85.9% of the previous year's level. Personnel expenses were ¥3,138 million, or 85.9%, and property-related expenses were ¥508 million, or 62.6%. Measures arising from the business restructuring undertaken in conjunction with the review of the business model in the previous consolidated fiscal year proved effective and made a significant contribution to cost reduction. Operating profit was ¥274 million, compared with an operating loss of ¥163 million in the same period of the previous year.」
Business-model review and restructuring measures reduced selling and general administrative expenses by 14.1% from the same period of the previous year to ¥6,283 million, contributing to the shift from an operating loss to operating profit. - FY2023-Q3AdvancedAnnual report
「Selling, general and administrative expenses were ¥4,736 million, or 85.6% of the previous year's level. Personnel expenses were ¥2,368 million, or 87.5%, and property-related expenses were ¥385 million, or 57.4%. Measures arising from the business restructuring undertaken in conjunction with the review of the business model in the previous consolidated fiscal year proved effective and made a significant contribution to cost reduction.」
As a result of business-restructuring measures accompanying the review of the business model, selling, general and administrative expenses decreased from ¥5,536 million in the same period of the previous year to ¥4,736 million, or 85.6% of the previous year's level. The measurable results of cost reduction are reflected. - FY2023-Q2AdvancedAnnual report
「Selling, general and administrative expenses were ¥3,202 million, or 83.4% of the previous year's level. Personnel expenses were ¥1,607 million, or 85.0%, and property-related expenses were ¥261 million, or 56.9%. Measures arising from the business restructuring undertaken in conjunction with the review of the business model in the previous consolidated fiscal year proved effective and made a significant contribution to cost reduction.」
As a result of business-restructuring measures accompanying the review of the business model, selling, general and administrative expenses decreased by 16.6% from the same period of the previous year to ¥3,202 million. Measurable results from cost reduction and operational efficiency are reflected. - FY2023-Q1AdvancedAnnual report
「This was carried out as part of efforts to improve management efficiency through the restructuring of group businesses and organisational changes.」
Okato Shoji's proprietary trading business was transferred to NS Trading through an absorption-type company split on 25 April 2022. Measures to improve management efficiency through business restructuring and organisational changes were implemented. - FY2022-Q3AdvancedAnnual report
「As part of efforts to improve operational efficiency across our group, Nihon FS discontinued its financial instruments intermediary business and commodity futures trading intermediary business in September 2021. Since it had completed a certain role, the merger was carried out for the purpose of improving management efficiency.」
Following Nihon FS's discontinuation of its intermediary businesses, an absorption-type merger took place on 1 January 2022, with Okato Shoji as the surviving company, advancing operational efficiency and organisational streamlining within the group. - FY2022-Q2AdvancedAnnual report
「As part of the group's business strategy, overlapping commodity futures trading businesses within the group will be consolidated under Nissan Securities, with the aim of improving operational efficiency and reducing costs.」
As part of the consolidation of overlapping businesses following the management integration, Okato Shoji's commodity-related market derivatives trading and precious-metal bullion sales businesses were transferred to Nissan Securities through an absorption-type company split, advancing operational efficiency and cost reduction. - FY2022-Q1AdvancedAnnual report
「With 13 September 2021 as the effective date, it was resolved that Nissan Securities would assume, through an absorption-type company split in which Okato Shoji would be the splitting company and Nissan Securities the successor company, part of Okato Shoji's business relating to financial instruments transactions, its precious-metal bullion sales business and related ancillary businesses. It was also resolved that, following the absorption-type company split, Okato Shoji would discontinue its Type I and Type II Financial Instruments Business and commodity futures trading business.」
A specific plan was approved to transfer Okato Shoji's businesses and discontinue its operations on 13 September 2021 as part of the consolidation of overlapping businesses following the management integration. Measures to improve operational efficiency and reduce costs have been made concrete. - FY2021AdvancedAnnual report
「Since the management integration, our group has promoted efficiency across the group through the restructuring of group businesses, system integration and consolidation of overlapping departments. As part of these efforts, on 21 December 2020, certain corporate businesses of Okato Shoji Co., Ltd. were transferred to Nissan Securities Co., Ltd. through an absorption-type company split.」
In addition to business restructuring, system integration and consolidation of overlapping departments following the management integration, a portion of the corporate business was transferred through an absorption-type company split on 21 December 2020. - FY2021-Q2WorsenedAnnual report
「Selling, general and administrative expenses increased by ¥2 million from the six-month period ended September 30 of the previous year to ¥1,477 million, or a 0.2% increase from the same period of the previous year.」
Despite the stated focus on cost reduction and operational efficiency, selling, general and administrative expenses increased by 0.2%, or ¥2 million, from the same period of the previous year. However, operating profit improved from a loss in the previous year to a profit of ¥15 million. - FY2021-Q1AdvancedAnnual report
「Selling, general and administrative expenses decreased by ¥1 million from the three-month period ended June 30 of the previous year to ¥720 million, or a 0.2% decrease from the same period of the previous year.」
Selling, general and administrative expenses decreased by 0.2%, or ¥1 million, from the same period of the previous year. A modest measurable improvement in costs was reflected. - FY2020WorsenedAnnual report
「Operating expenses for the consolidated fiscal year increased by ¥422 million from the previous consolidated fiscal year to ¥3,073 million, or a 15.9% increase from the previous year.」
Despite the stated focus on cost reduction and operational efficiency, operating expenses increased by 15.9%, or ¥422 million, from the same period of the previous year, accompanied by the recording of an operating loss. - FY2020-Q3WorsenedAnnual report
「Operating expenses for the nine-month period ended December 31 increased by ¥330 million from the nine-month period ended December 31 of the previous year to ¥2,334 million, or a 16.5% increase from the same period of the previous year.」
Despite the stated focus on cost reduction and operational efficiency, operating expenses increased by 16.5%, or ¥330 million, from the same period of the previous year, accompanied by a larger operating loss. - FY2020-Q2WorsenedAnnual report
「Operating expenses for the six-month period ended September 30 increased by ¥127 million from the six-month period ended September 30 of the previous year to ¥1,475 million, or a 9.4% increase from the same period of the previous year.」
Despite the stated focus on cost reduction and operational efficiency, operating expenses increased by 9.4%, or ¥127 million, from the same period of the previous year. The increase was accompanied by a larger operating loss, indicating deterioration in cost performance. - FY2020-Q1WorsenedAnnual report
「Operating expenses for the three-month period ended June 30 increased by ¥13 million from the three-month period ended June 30 of the previous year to ¥722 million, or a 1.9% increase from the same period of the previous year.」
Despite the stated focus on cost reduction and operational efficiency, operating expenses increased by 1.9%, or ¥13 million, from the same period of the previous year, accompanied by a deterioration in operating profit. - FY2019AdvancedAnnual report
「Operating expenses for the consolidated fiscal year decreased by ¥275 million from the previous consolidated fiscal year to ¥2,651 million, or a 9.4% decrease from the previous year, owing to the cost-reduction benefits of the organisational restructuring implemented in August 2017.」
As a result of the cost-reduction benefits from the organisational restructuring, operating expenses decreased by 9.4%, or ¥275 million, from the same period of the previous year. Measurable results from cost reduction were reflected together with the return to operating profitability. - FY2019-Q3AdvancedAnnual report
「Scheduled transfer date 29 March 2019 We believe that transferring customers will enable us to improve operational efficiency and strengthen our earnings base by concentrating our management resources selectively, while also benefiting customer convenience.」
A policy of transferring Okato Shoji's online commodity futures trading customers to Nissan Securities was approved, with 29 March 2019 set as the scheduled transfer date. A specific measure for selective concentration of management resources, operational efficiency and strengthening the earnings base was added. - FY2019-Q2AdvancedAnnual report
「Operating expenses for the six-month period ended September 30 decreased by ¥209 million from the six-month period ended September 30 of the previous year to ¥1,347 million, or a 13.4% decrease from the same period of the previous year, owing to the cost-reduction benefits of the organisational restructuring implemented in August 2017.」
As a result of the cost-reduction benefits from the organisational restructuring in August 2017, operating expenses decreased by 13.4%, or ¥209 million, from the same period of the previous year. - FY2019-Q1AdvancedAnnual report
「Operating expenses decreased by ¥107 million from the first quarter of the previous consolidated fiscal year to ¥708 million, or a 13.2% decrease from the same period of the previous year, owing to the cost-reduction benefits of the organisational restructuring implemented in August 2017.」
As a result of the cost-reduction benefits from the organisational restructuring in August 2017, operating expenses decreased by 13.2%, or ¥107 million, from the same period of the previous year. The specific results of cost reduction and operational efficiency are reflected. - FY2018AdvancedAnnual report
「Selling, general and administrative expenses for the consolidated fiscal year decreased by ¥611 million from the previous consolidated fiscal year to ¥2,927 million, or a 17.3% decrease from the previous year, owing to the cost-reduction benefits of the organisational restructuring implemented in August 2017.」
As a result of the cost-reduction benefits from the organisational restructuring in August 2017, selling, general and administrative expenses decreased by ¥611 million, or 17.3%, from the previous year. - FY2018-Q3AdvancedAnnual report
「Operating expenses were ¥2,202 million, or 82.5% of the previous year's level,」
Operating expenses decreased from ¥2,668 million in the same period of the previous year to ¥2,202 million, or 82.5% of the previous year's level. Measurable improvements from cost-reduction and operational-efficiency initiatives are reflected. - FY2018-Q2AdvancedAnnual report
「Operating expenses were ¥1,557 million, or 86.9% of the previous year's level,」
Operating expenses decreased from ¥1,791 million in the same period of the previous year to ¥1,557 million, or 86.9% of the previous year's level. The results of cost-reduction and operational-efficiency initiatives are reflected in measurable improvements, together with a reduction in operating loss. - FY2018-Q1AdvancedAnnual report
「Operating expenses were ¥816 million (88.3% year on year),」
Operating expenses decreased from ¥924 million in the same period of the previous year to ¥816 million, or 88.3% of the previous year's level. The results of cost-reduction and operational-efficiency initiatives are reflected in measurable improvements, together with a reduction in operating loss. - FY2017First statedAnnual report
「As a foundation for expanding earnings, the Group will continue to expand assets under custody while taking decisive steps to achieve further cost reductions and improve operating efficiency.」
To secure operating profit and expand earnings in a challenging business environment, the Group has newly identified cost reductions and operating efficiency improvements as specific measures.