Increase in Utility Costs Due to Soaring Resource Prices
First written in FY2022. 5 of 9 entries say "Restated". Latest entry: FY2026-H1.
Tosho moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In addition, to address higher labor expenses and resource prices, we implemented cost reductions, including expanding the number of company-cleaned clubs, while」
Higher labor expenses and resource prices were recognized as factors driving costs higher, and the company is responding by reducing expenses, including by expanding the number of company-cleaned clubs. - FY2025-H1RestatedAnnual report
「In addition, as a result of efforts to reduce expenses to contain higher costs caused by labor expenses and surging resource prices,」
Higher costs caused by labor expenses and surging resource prices continue to be recognized, and the company continues to respond by reducing expenses. - FY2024-Q3RestatedAnnual report
「In the sports club business, the company conducted active advertising and promotional activities to restore membership. Although utility-related expenses have stabilised, they remain high, and various opening and preparation expenses for 2 new stores were recognised, contributing to higher costs.」
Utility-related expenses have remained elevated, continuing to drive higher costs in the sports club business. - FY2024-Q2RestatedAnnual report
「Due to rising prices, particularly for energy resources, resulting from heightened geopolitical tensions overseas and the impact of foreign exchange rates, uncertainty about the outlook, including consumer trends, continues.」
Rising prices, including those of energy resources, and uncertainty about the outlook continue. - FY2024-Q1RestatedAnnual report
「In the Sports Club business, we have been conducting active advertising and promotional activities to restore membership. Although membership has become more stable, utility-related expenses remain elevated and are driving cost increases.」
Utility-related expenses have remained elevated, continuing to drive higher costs in the sports club business. - FY2023WorsenedAnnual report
「Segment profit (loss) was a loss of ¥297 million, compared with segment profit of ¥339 million in the previous fiscal year, due in part to higher energy costs despite efforts to reduce costs such as cost of sales.」
Due in part to higher energy costs, the sports club business deteriorated from profit in the previous fiscal year to a loss of ¥297 million. - FY2023-Q3WorsenedAnnual report
「In the sports club business, we concentrated management resources on restoring the profitability of existing clubs and worked to improve customer safety, security and satisfaction. However, energy costs, including electricity charges, rose substantially, becoming a factor behind the decline in profitability. Utility costs in the sports club business, including electricity charges, increased by ¥436 million year on year.」
Energy costs rose substantially, with utility costs in the sports club business increasing by ¥436 million year on year, becoming a factor behind the decline in profitability. - FY2023-Q2MaterialisedAnnual report
「Regarding Holiday Sports Club Niigata Akamichi (Niigata City, Niigata Prefecture), although membership declined due to the impact of COVID-19, we continued operations while working to manage costs. However, based on a comprehensive assessment that included the recent rise in energy costs and the remaining lease term, we decided to close the club effective 28 December 2022.」
Higher energy costs became an actual factor in the decision to close the club, and the risk of increased utility costs due to surging resource prices had a specific impact on operations. - FY2022First statedAnnual report
「Segment profit declined 39.3% year on year to ¥339 million, despite efforts to reduce costs such as cost of sales, due in part to higher utility costs resulting from surging resource prices.」
Higher resource prices led to an actual increase in utility costs, which reduced profit in the sports club business; segment profit declined 39.3% year on year to ¥339 million.