Profit Pressure from Higher Part-Time Labor and Renovation Construction Costs
First written in FY2019-Q1. 3 of 7 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2026-H1.
Kanagawa Chuo Kotsu moved to the "Worse" side of this theme in 2018, 1 year after the typical company in this theme (2017).
0 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「As a result, total revenue from the Other businesses was ¥14,695 million, down 3.2% year on year, but operating profit was ¥798 million, up 51.1%, due to higher revenue from the commercial vehicle body-building business, as well as efforts to close unprofitable stores and reduce costs.」
Cost reductions through the closure of unprofitable stores resulted in a 51.1% year-on-year increase in operating profit in the Other businesses. Efforts to address profit pressure from fixed costs continued. - FY2022MitigatedAnnual report
「Operating profit was ¥590 million, up 118.9% year on year, due to a rebound from facility closures in the leisure and sports business in the previous period, as well as efforts to close unprofitable stores and reduce fixed costs in the food service and entertainment businesses.」
Closing unprofitable stores and reducing fixed costs resulted in a 118.9% year-on-year increase in operating profit in the Other businesses, easing the profit pressure from fixed costs. - FY2021WorsenedAnnual report
「As a result, total revenue from the Other businesses was ¥25,773 million, down 17.5% year on year, and operating profit was ¥269 million, down 77.8%.」
Operating profit in the Other businesses declined 77.8% due to store closures, reduced operating hours and changes in customer behavior resulting from the infection. - FY2020WorsenedAnnual report
「As a result, total revenue from the Other businesses was ¥31,226 million, up 0.1% year on year, but operating profit was ¥1,214 million, down 5.4%, because fixed costs could not be reduced sufficiently to offset the decline in revenue associated with the spread of COVID-19 and other factors.」
The inability to reduce fixed costs in response to the decline in revenue caused by the infection resulted in a 5.4% year-on-year decline in operating profit in the Other businesses. - FY2019MaterialisedAnnual report
「As a result, total revenue from the Other businesses was ¥31,183 million, up 2.9% year on year, but operating profit was ¥1,284 million, down 14.3%, due mainly to higher part-time and temporary staff costs at the various companies.」
Higher part-time and temporary staff costs were reflected in the results as a 14.3% decline in operating profit in the Other businesses. - FY2019-Q3MaterialisedAnnual report
「As a result, total revenue from the Other businesses was ¥22,932 million, up 2.2% year on year, but operating profit was ¥974 million, down 14.5%, due mainly to higher part-time and temporary staff costs at the various companies.」
Higher part-time and temporary staff costs continued to materialize as a 14.5% decline in operating profit in the Other businesses. - FY2019-Q1MaterialisedAnnual report
「As a result, total revenue from the Other businesses was ¥7,440 million, up 4.1% year on year, but operating profit was ¥295 million, down 20.8%, due to higher part-time and temporary staff costs at the various companies and an increase in renovation work at various locations.」
Higher part-time and temporary staff costs and increased renovation work materialized as lower operating profit in the Other businesses.