Cost reductions through closing the Tokyo branch and cutting executive compensation
First written in FY2016-Q3. 5 of 10 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2024.
0 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Total capital expenditures during the consolidated fiscal year were ¥17.917 million, primarily for interior construction at the Tokyo head office. During the consolidated fiscal year, we also closed the former head office in Shimonoseki.」
After relocating to the Tokyo head office, the company closed the former head office in Shimonoseki. The filing states that the previous measures to consolidate operating bases and reduce costs had progressed. - FY2024-Q1AdvancedAnnual report
「At the same time, we significantly cut unnecessary costs and limited expenditures to those that contribute to revenue and profit.」
The company implemented measures to go beyond efficiency improvements through store closures and consolidations, significantly reduce unnecessary costs and limit expenditures based on their contribution to revenue and profit. - FY2023AdvancedAnnual report
「Accordingly, in the real estate business, we decided to close the “Zekkei Japan” project, which had been developed for affluent customers in Japan and overseas, as well as the Fukuoka and Okinawa sales branches, consolidate the business in Tokyo, and promptly sell and monetize the properties acquired for the Zekkei Japan project.」
The disclosure has progressed from efficiency measures such as store consolidation and franchise withdrawal to the specific measures of closing the “Zekkei Japan” project and the Fukuoka and Okinawa sales bases and consolidating the business in Tokyo. - FY2022AdvancedAnnual report
「The challenges facing the real estate business are strengthening real estate sales and acquiring properties under rental management. To address these challenges, we are pursuing reforms to improve operating efficiency, including withdrawing from the Apaman Shop franchise, relocating stores and introducing systems to promote digital transformation.」
In addition to improving efficiency through store closures and consolidations, the company states that it is withdrawing from the Apaman Shop franchise, relocating stores and introducing systems for digital transformation. - FY2022-Q2AdvancedAnnual report
「In addition, to improve efficiency by concentrating management resources, we decided to consolidate 2 stores in Shimonoseki into 1 store.」
The filing describes the decision to consolidate 2 stores in Shimonoseki into 1 store as a specific measure to concentrate management resources and improve efficiency. - FY2017ReframedAnnual report
「To improve management, we changed the fiscal year-end and decided to close the Chofu store, implementing both measures to improve operating efficiency.」
The disclosure has moved beyond the previous specific measures of closing the Tokyo branch and reducing directors’ remuneration to management improvement measures including changing the fiscal year-end, closing the Chofu store and improving operating efficiency. - FY2017SoftenedAnnual report
「As cost-cutting measures, we closed the Tokyo branch and dissolved a consolidated subsidiary, transitioning to unconsolidated accounting, among other measures.」
The closure of the Tokyo branch continues to be disclosed, but the reduction in directors’ remuneration previously listed alongside it is not identified as a cost-cutting measure in this filing. - FY2017-Q1RestatedAnnual report
「Meanwhile, to further reduce costs, we closed the Tokyo branch and reduced directors’ remuneration, among other measures.」
The company continues to describe cost-cutting measures, including the closure of the Tokyo branch and reductions in directors’ remuneration. - FY2016-Q4RestatedAnnual report
「Meanwhile, to further reduce costs, we closed the Tokyo branch and reduced directors’ remuneration, among other measures.」
The company continues to describe cost-cutting measures, including the closure of the Tokyo branch and reductions in directors’ remuneration. - FY2016-Q3First statedAnnual report
「As cost-cutting measures, we closed the Tokyo branch and reduced executive compensation, among other initiatives.」
The filing states that the Company closed its Tokyo branch and reduced executive compensation as measures to address working capital needs.