Cost reductions through workflow review
First written in FY2016. 6 of 32 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
19 other companies' latest entry also says "Other".
- FY2026Lower cost of sales ratio alongside higher selling, general and administrative expensesAnnual report
「Cost of sales totaled ¥3,401 million, a decrease of ¥136 million from the previous consolidated fiscal year, and represented 79.8% of net sales, compared with 81.6% in the previous consolidated fiscal year. Repair and maintenance costs remained at approximately the same level as in the previous consolidated fiscal year because existing facilities were actively maintained to the same extent. Cargo-handling expenses decreased in line with lower sales, and depreciation also decreased.」
While the cost of sales ratio decreased from 81.6% to 79.8%, selling, general and administrative expenses increased by ¥10 million year on year to ¥607 million due to personnel expenses associated with investment in personnel and other factors. Cost reductions showed different trends by expense category. - FY2026-H1Higher repair costs due to equipment maintenance and higher selling, general and administrative expensesAnnual report
「Cost of sales totaled ¥1,720 million, an increase of ¥120 million, or 7.5%, from the same period of the previous year. The increase was due to higher cargo-handling expenses in line with higher sales and higher repair costs resulting from active equipment maintenance. Selling, general and administrative expenses totaled ¥292 million, an increase of ¥6 million, or 2.2%, from the same period of the previous year, due mainly to higher personnel expenses.」
Repair costs increased due to active equipment maintenance, resulting in a 7.5% year-on-year increase in cost of sales. Selling, general and administrative expenses also increased 2.2% due mainly to higher personnel expenses. This was not described as one-directional progress in cost reduction. - FY2025-H1Higher business-improvement and personnel costs alongside depreciation from capital expendituresAnnual report
「Cost of sales totaled ¥1,599 million, a decrease of ¥47 million, or 2.9%, from the same period of the previous year. Although depreciation increased due to capital expenditures, cargo-handling expenses decreased in line with lower sales. Selling, general and administrative expenses totaled ¥285 million, an increase of ¥28 million, or 11.0%, from the same period of the previous year, due mainly to higher consulting fees associated with business improvements and higher personnel expenses.」
While depreciation increased due to capital expenditures and consulting fees for business improvements and personnel expenses increased, cost of sales decreased 2.9% year on year because cargo-handling expenses declined in line with lower sales. This was not described as one-directional progress in cost reduction. - FY2024Continued increase in costs associated with maintenance and capital expendituresAnnual report
「Repair and maintenance costs also increased by ¥31 million from the previous consolidated fiscal year to ¥383 million due to active maintenance of existing facilities. Depreciation also increased in association with capital expenditures and replacement investments.」
Although a cost-reduction policy was cited, repair and maintenance costs and depreciation increased in association with active maintenance of existing facilities and capital expenditures and replacement investments. - FY2024-Q3Continued increase in costs associated with capital expenditures and maintenanceAnnual report
「Cost of sales totaled ¥2,485 million, an increase of ¥139 million, or 6.0%, from the same period of the previous year. The increase was due to higher cargo-handling expenses in line with higher sales, active maintenance of existing facilities, and higher depreciation associated with capital expenditures and replacement investments.」
Although structural cost reform was cited as a goal, cost of sales increased 6.0% year on year due to maintenance of existing facilities and depreciation associated with capital expenditures and replacement investments. - FY2024-Q2Continued increase in costs associated with capital expenditures and maintenanceAnnual report
「Cost of sales totaled ¥1,646 million, an increase of ¥86 million, or 5.5%, from the same period of the previous year. The increase was due to higher cargo-handling expenses in line with higher sales, active maintenance of existing facilities, and higher depreciation associated with capital expenditures and replacement investments.」
Cost of sales increased 5.5% year on year due to maintenance of existing facilities and depreciation associated with capital expenditures and replacement investments. - FY2024-Q1Higher costs due to capital expenditures and maintenanceAnnual report
「Cost of sales totaled ¥795 million, an increase of ¥68 million, or 9.5%, from the same period of the previous year. The increase was due to higher cargo-handling expenses in line with higher sales, active maintenance of existing facilities, and higher depreciation associated with capital expenditures and replacement investments. Selling, general and administrative expenses totaled ¥127 million, an increase of ¥6 million, or 5.5%, from the same period of the previous year.」
Cost of sales increased 9.5% year on year due to active maintenance of existing facilities and depreciation associated with capital expenditures and replacement investments. Selling, general and administrative expenses also increased 5.5%. - FY2023-Q3Selling, general and administrative expenses increased while cost of sales decreasedAnnual report
「Cost of sales totaled ¥2,345 million, a decrease of ¥376 million, or 13.8%, from the same period of the previous year. Although expenses such as personnel and fuel costs increased, cargo-handling expenses decreased in line with lower sales of bulk cargo. Selling, general and administrative expenses totaled ¥369 million, an increase of ¥31 million, or 9.3%, from the same period of the previous year.」
While cost of sales decreased 13.8% as cargo-handling expenses declined in line with lower sales of bulk cargo, selling, general and administrative expenses increased 9.3% due partly to higher personnel and fuel costs. - FY2023-Q2Increase in Selling, General and Administrative ExpensesAnnual report
「Selling, general and administrative expenses totaled ¥254 million, an increase of ¥25 million, or 11.1%, from the same period of the previous year.」
While the company continued its cost-reduction policy, selling, general and administrative expenses increased 11.1% year on year. The specific breakdown of the factors behind the increase is not provided in this disclosure. - FY2023-Q1Higher personnel and equipment repair costs, and lower cargo-handling expensesAnnual report
「Cost of sales totaled ¥726 million, a decrease of ¥48 million, or 6.3%, from the same period of the previous year. Although personnel expenses and equipment repair costs increased, cargo-handling expenses decreased in line with lower sales of bulk cargo. Selling, general and administrative expenses totaled ¥121 million, an increase of ¥4 million, or 3.8%, from the same period of the previous year.」
While cost of sales decreased 6.3% due mainly to lower cargo-handling expenses, personnel expenses and equipment repair costs increased, and selling, general and administrative expenses increased 3.8%. Cost structure trends differed by expense category. - FY2022Improved cost ratio through adoption of accounting standards and investment in personnelAnnual report
「Cost of sales decreased by ¥383 million from the previous consolidated fiscal year to ¥1,667 million. Although cargo-handling expenses, which are outsourced work expenses, increased in line with higher sales, the application of the accounting standards for revenue recognition and other standards reduced cost of sales. Repair and maintenance costs increased by ¥8 million from the previous consolidated fiscal year to ¥293 million. Personnel expenses and other expenses also increased due to active investment in personnel and other initiatives.」
While cost of sales decreased due to the application of the accounting standards for revenue recognition and other standards, repair and maintenance costs, personnel expenses and other expenses associated with investment in personnel increased, indicating different trends by expense category in the structural cost reform. - FY2022-Q3RestatedAnnual report
「Selling, general and administrative expenses totaled ¥338 million. Although personnel expenses increased as a result of investment in personnel, efforts to reduce expenses kept the figure at approximately the same level as in the same period of the previous year.」
Although personnel expenses increased due to investment in personnel, the company continues its policy and practice of keeping selling, general and administrative expenses at approximately the previous year's level through expense reductions. - FY2022-Q2Selling, general and administrative expenses remained at approximately the previous year's level due to expense reductionsAnnual report
「Cost of sales totaled ¥1,768 million, compared with ¥1,942 million in the same period of the previous year, due to higher equipment repair costs and other factors. Selling, general and administrative expenses totaled ¥229 million. Although personnel expenses increased as a result of investment in personnel, efforts to reduce expenses kept the figure at approximately the same level as in the same period of the previous year.」
Although personnel expenses increased due to investment in personnel, selling, general and administrative expenses were kept at approximately the previous year's level at ¥229 million through expense reductions. The disclosure does not present this as a clear achievement of structural cost reform, and cites both expense control and the burden of investment. - FY2022-Q1Higher costs due to major repairs and investment in personnelAnnual report
「Cost of sales fell as various cargo-handling expenses decreased in line with lower sales of bulk cargo, but increased equipment repair costs associated with major repairs resulted in cost of sales of ¥775 million, compared with ¥874 million in the same period of the previous year. Selling, general and administrative expenses totaled ¥116 million, an increase of ¥4 million, or 4.1%, year on year, due to higher personnel expenses associated with investment in personnel.」
The disclosure reports higher equipment repair costs associated with major repairs and higher personnel expenses associated with investment in personnel. Selling, general and administrative expenses increased 4.1% year on year. - FY2021Higher cost ratio due to capital expenditures and repair costsAnnual report
「As a result, cost of sales increased by ¥10 million from the previous consolidated fiscal year to ¥3,957 million, and rose to 87.8% of net sales, compared with 85.3% in the previous consolidated fiscal year.」
Although structural cost reform was cited as a goal, the cost of sales ratio increased from 85.3% to 87.8% due to higher depreciation and other expenses associated with strengthening tank foundations and expanding facilities, as well as increased repair and maintenance costs. - FY2021-Q3Continued increase in expenses due to equipment maintenance and human-capital investmentAnnual report
「Meanwhile, the cost of sales increased by ¥56 million, or 1.9%, from the same period of the previous year to ¥2,942 million, due to costs equivalent to depreciation on investment to expand food-processing facilities and higher repair and maintenance expenses resulting from efforts to maintain core facilities under the management plan. SG&A expenses increased by ¥6 million, or 1.9%, to ¥338 million due to higher personnel expenses associated with human-capital investment.」
Costs continued to rise due to the expansion of food-processing facilities, upgrades to core equipment and investment in personnel, resulting in a 1.9% year-on-year increase in both cost of sales and selling, general and administrative expenses. No explicit cost-reduction results were reported. - FY2021-Q2Increase in expenses due to equipment maintenance and human-capital investmentAnnual report
「Meanwhile, the cost of sales increased by ¥69 million, or 3.7%, from the same period of the previous year to ¥1,942 million, due to costs equivalent to depreciation on investment to expand food-processing facilities and higher repair and maintenance expenses resulting from efforts to maintain core facilities under the management plan. SG&A expenses increased by ¥6 million, or 3.1%, to ¥229 million due to higher personnel expenses associated with human-capital investment.」
The company reports higher expenses associated with capital investment, maintenance of core facilities, and human-capital investment. The cost of sales increased 3.7% year on year and SG&A expenses increased 3.1%. The reductions were not explicitly identified as an effect of cost-structure reform. - FY2021-Q1Increase in expenses due to expanded facilities and equipment repairsAnnual report
「Meanwhile, the cost of sales increased by ¥15 million, or 1.8%, from the same period of the previous year to ¥874 million, due to higher depreciation expenses for the expanded food-processing facility and increased equipment repair expenses.」
While the company has targeted cost-reduction measures, the cost of sales increased 1.8% year on year due to higher depreciation expenses for the expanded food-processing facility and increased equipment repair expenses. - FY2020AdvancedAnnual report
「Outsourced cargo-handling expenses decreased by ¥18 million from the previous consolidated fiscal year to ¥2,159 million. Repair and maintenance expenses also decreased by ¥27 million to ¥230 million.」
Outsourced cargo-handling expenses and repair and maintenance expenses decreased by ¥18 million and ¥27 million, respectively, while the cost of sales ratio declined from 89.1% to 85.3%. - FY2020-Q3Decline in cost of sales due to lower outsourcing expensesAnnual report
「Meanwhile, the cost of sales decreased by ¥45 million, or 1.6%, from the same period of the previous year to ¥2,886 million, mainly because lower outsourcing expenses more than offset an increase in depreciation and amortisation. SG&A expenses increased by ¥13 million, or 4.1%, to ¥332 million, due in part to higher personnel expenses.」
While the cost of sales declined 1.6% year on year due to lower outsourcing expenses, SG&A expenses increased 4.1% due to higher personnel expenses. This was not explicitly identified as an outcome of cost-structure reform. - FY2020-Q2Decline in cost of sales due to lower cargo-handling expensesAnnual report
「The cost of sales decreased by ¥100 million, or 5.1%, from the same period of the previous year to ¥1,872 million, mainly due to lower cargo-handling and other expenses resulting from the decline in bulk cargo. SG&A expenses increased by ¥9 million, or 4.3%, to ¥222 million.」
While the cost of sales declined 5.1% year on year due to lower cargo-handling and other expenses associated with the decline in bulk cargo, SG&A expenses increased 4.3%. This was not explicitly identified as an outcome of cost-structure reform. - FY2020-Q1Decline in cost of sales due to lower outsourcing expensesAnnual report
「Meanwhile, the cost of sales also decreased by ¥104 million, or 10.9%, from the same period of the previous year to ¥858 million, mainly due to lower outsourcing expenses associated with the decline in marine transportation operations.」
The cost of sales declined 10.9% year on year due in part to lower outsourcing expenses associated with the decline in marine transportation operations. SG&A expenses, meanwhile, increased 4.8%, so the movements in individual expense items were not uniform. - FY2019Increase in repair expenses associated with major equipment renovationsAnnual report
「Repair and maintenance expenses increased by ¥75 million from the previous consolidated fiscal year to ¥257 million, due to major renovations of core facilities to accommodate cargo diversification.」
While the company has targeted cost-structure reform, repair and maintenance expenses increased by ¥75 million due to major renovations of core facilities to accommodate cargo diversification. - FY2019-Q3Increase in Selling, General and Administrative ExpensesAnnual report
「SG&A expenses increased by ¥8 million, or 2.8%, from the same period of the previous year to ¥319 million.」
While the company has targeted cost reductions through cost-structure reform, SG&A expenses for the cumulative third quarter of the consolidated fiscal year under review increased 2.8% year on year. - FY2019-Q2RestatedAnnual report
「Continue advancing business strategies under the medium-term management plan “Innovation & Progress for 2019,” including developing high-value-added businesses, reducing costs through cost-structure reform, and revitalizing existing functions.」
The company continues cost reductions through cost-structure reform as a measure under the medium-term management plan. SG&A expenses for the cumulative second quarter under review, however, increased 1.2% year on year. - FY2019-Q1AdvancedAnnual report
「Meanwhile, SG&A expenses decreased by ¥2 million, or 2.0%, from the same period of the previous year to ¥105 million.」
The company reports measurable progress in cost reduction, with SG&A expenses declining 2.0% year on year. - FY2018AdvancedAnnual report
「SG&A expenses decreased 2.5% from the previous consolidated fiscal year to ¥427 million, mainly as a result of lower personnel expenses. They accounted for 10.0% of net sales, compared with 10.6% in the previous consolidated fiscal year.」
The company reports measurable progress in cost reduction, with SG&A expenses declining 2.5% year on year due in part to lower personnel expenses. - FY2018-Q3AdvancedAnnual report
「SG&A expenses decreased by ¥19 million, or 6.0%, from the same period of the previous year to ¥310 million, mainly due to a reduction in personnel expenses resulting from optimized staff allocation.」
The company reports progress in cost reduction, with SG&A expenses declining 6.0% year on year due in part to optimized staff allocation. - FY2018-Q2AdvancedAnnual report
「SG&A expenses decreased by ¥12 million, or 5.5%, from the same period of the previous year to ¥211 million, due in part to a reduction in personnel expenses resulting from efforts to optimize staff allocation.」
The company reports measurable progress in cost reduction, with SG&A expenses declining 5.5% year on year due in part to optimized staff allocation. - FY2018-Q1AdvancedAnnual report
「Meanwhile, SG&A expenses decreased by ¥108 million, or ¥6 million, 5.9%, from the same period of the previous year to ¥108 million, as the company made further efforts to reduce expenses.」
The company reports measurable progress in cost reduction, with SG&A expenses declining 5.9% year on year as a result of efforts to reduce expenses. - FY2017ReframedAnnual report
「Cost reductions through cost-structure reform」
The previous cost reductions through business-process reviews are expressed as cost-structure reform, a measure under the medium-term management plan. - FY2016First statedAnnual report
「We worked to achieve further cost reductions by reviewing our workflows.」
This measure was implemented alongside the year’s sales activities, with reductions in various expenses and depreciation and amortization also noted.