Securing Stable Profit Through SG&A Expense Control

「Although selling, general and administrative expenses increased due to higher personnel costs, including base-pay increases, and higher overseas expenses as a result of the weaker yen, the Group worked to secure earnings as far as possible by improving operating efficiency and controlling other expenses.」

「In SG&A expenses, personnel costs increased due to base-pay increases and other factors, but we also worked to contain other expenses while generating as much profit as possible.」

「From a profit perspective, we proceeded to pass on higher ocean freight rates to prices, but the gross profit margin declined amid intense competition. Personnel costs and other expenses also increased, particularly due to base-pay increases. At the same time, we continued to review, reduce, and contain various expenses while working to generate as much profit as possible.」

「From a profit perspective, the gross profit margin declined due to higher ocean freight rates, among other factors. In addition, expenses, particularly personnel costs, were trending upward because of base-pay increases and other factors, but we continued to review, reduce, and contain various expenses while working to generate as much profit as possible.」

「From a profit perspective, the gross profit margin improved as operating costs were contained by lower freight rates, among other factors, compared with the previous year. Although expenses were trending upward, including due to higher personnel costs following base-pay increases, we continued to review, reduce, and contain costs while working to generate as much profit as possible.」

「However, the gross profit margin improved as operating costs were contained by lower freight rates, among other factors. We continued to review, reduce, and contain costs while working to generate as much profit as possible. In addition, the closure of some facilities in China during the previous consolidated fiscal year reduced facility operating costs.」

「However, the gross profit margin improved as operating costs were contained by lower freight rates, among other factors. We continued to review, reduce, and contain costs while working to generate as much profit as possible.」

「However, the gross profit margin improved as operating costs were contained by lower freight rates, among other factors. We also continued to review and reduce costs while working to generate as much profit as possible.」

「In SG&A expenses, we used DX to improve operational efficiency as part of our digital strategy and worked to generate profit by controlling business-related expenses and personnel costs. As a result, SG&A expenses declined year on year to ¥5,953 million, down 2.3%, while operating income rose substantially year on year to ¥5,288 million, up 47.7%, owing to both the significant increase in operating revenue and the effects of reducing and containing SG&A expenses.」

「However, aided by the effects of reducing SG&A expenses, operating income rose substantially year on year to ¥4,569 million, up 54.5%; ordinary income to ¥4,788 million, up 51.8%; and net income attributable to owners of the parent to ¥3,265 million, up 63.8%.」

「We continued to promote operational efficiency by maintaining our focus on DX initiatives and worked to contain SG&A expenses wherever possible in order to generate profit. As a result, operating revenue for the six months ended the second quarter rose substantially year on year to ¥35,744 million, up 32.5%. Strong operating revenue also drove operating income to ¥2,754 million, up 79.6% year on year.」

「In SG&A expenses, we worked to improve operational efficiency through DX and achieve further profit growth by continuing to review costs. As a result, operating revenue in Japan rose to ¥14,945 million, up 30.6% year on year, while segment profit increased to ¥1,189 million, up 80.3%, owing to a substantial increase in gross profit and efforts to contain personnel costs and sales-related expenses.」

「In SG&A expenses, as part of our digital strategy, we used DX to improve operational efficiency and worked to generate profit by controlling business-related expenses and personnel costs while adopting telework and staggered working hours wherever possible. As a result, SG&A expenses rose only slightly to ¥6,096 million, up 3.3% year on year. Despite the spread of infectious diseases, operating income rose significantly year on year to ¥3,581 million, up 55.4%, due to both the substantial increase in operating revenue and the effects of reducing and containing SG&A expenses.」

「In SG&A expenses, we continued to review and reduce costs, thereby working to generate profits.」

「In SG&A expenses, we continued to review and reduce costs, thereby seeking to generate profits. As a result, operating revenue for the first half of the current fiscal year cumulative period was ¥26,971 million, up 25.0% year on year and significantly above the same period of the previous year. In addition, as operating revenue remained strong, operating profit was ¥1,533 million, up 73.5% year on year, ordinary profit was ¥1,673 million, up 59.2%, and profit attributable to owners of the parent for the quarter was ¥974 million, up 36.1%, all significantly above the same period of the previous year.」

「In SG&A expenses, we continued to control personnel costs and review and reduce other costs, thereby seeking to generate profits. As a result, operating revenue for the first quarter of the current fiscal year cumulative period was ¥13,515 million, up 22.1% year on year and significantly above the same period of the previous year. In addition, as operating revenue remained strong, operating profit was ¥741 million, up 71.8% year on year」

「In SG&A expenses, we introduced telework and staggered working hours wherever possible, taking measures to prevent the spread of COVID-19 while working to reduce expenses related to business activities and control personnel costs through measures including telework, thereby seeking to generate profits. As a result, SG&A expenses fell below the same period of the previous year to ¥5,898 million, down 10.2% year on year. Despite the spread of the infection, stable operating revenue and the effects of reducing and controlling SG&A expenses resulted in operating profit of ¥2,304 million, up 46.3% year on year and significantly above the same period of the previous year.」

「In SG&A expenses, we worked to reduce personnel costs and expenses related to business activities through measures including the introduction of telework, seeking to generate profits. As a result, operating revenue for the first nine months of the current fiscal year cumulative period was ¥33,641 million, down 4.0% year on year and below the same period of the previous year. However, in terms of profits, the reduction in SG&A expenses and other factors contributed to operating profit of ¥1,679 million, up 12.8% year on year, ordinary profit of ¥1,915 million, up 7.1%, and profit attributable to owners of the parent for the quarter of ¥1,285 million, up 5.0%, all exceeding the same period of the previous year.」

「In SG&A expenses, we worked to reduce personnel costs and expenses related to business activities through measures including the introduction of telework, seeking to generate profits. As a result, operating revenue for the first half of the current fiscal year cumulative period was ¥21,581 million, down 3.9% year on year and below the same period of the previous year. However, in terms of profits, the reduction in SG&A expenses and other factors contributed to operating profit of ¥883 million, up 19.2% year on year」

「In SG&A expenses, we worked to reduce personnel costs and expenses related to business activities through measures including the introduction of telework, seeking to generate profits. As a result, operating revenue for the first quarter of the current fiscal year cumulative period was ¥11,073 million, down 1.5% year on year and slightly below the same period of the previous year. In terms of profits, operating profit increased 28.7% year on year to ¥431 million, supported by an improved gross profit margin, the effects of the aforementioned sales initiatives and the reduction in SG&A expenses.」

「As procurement costs for domestic and international transportation continued to rise, we worked to pass these increases on to selling prices and otherwise secure stable profits. SG&A expenses also increased across expense categories due to the amortization of goodwill arising from the conversion of Nisshin Transport into a subsidiary, an increase in headcount, higher personnel costs resulting from the restructuring of the personnel system, and other factors. Nevertheless, we sought to generate profits by repeatedly considering ways to reduce costs as much as possible across the Group.」

「SG&A expenses increased across expense categories due to the amortization of goodwill arising from the conversion of Nisshin Transport into a subsidiary, an increase in headcount, higher personnel costs resulting from the restructuring of the personnel system, and other factors. At the same time, we sought to generate profits by repeatedly considering ways to reduce costs as much as possible across the Group.」

「SG&A expenses increased across expense categories due to the amortization of goodwill arising from the conversion of Nisshin Transport into a subsidiary, an increase in headcount, higher personnel costs resulting from the restructuring of the personnel system, and other factors.」

「SG&A expenses increased to ¥4,173 million, up 8.0% year on year, mainly because personnel costs rose as a result of salary increases and an increase in headcount.」

「Although SG&A expenses, primarily personnel costs, increased, we worked to secure stable profits by offsetting them with increased earnings from integrated transportation and the effect of an improved gross profit margin.」

「As a result, the decline in profits caused by higher SG&A expenses and a temporary decrease in cargo volumes associated with the Lunar New Year was offset by increased earnings from integrated transportation and the effect of an improved gross profit margin.」

「Efforts including passing on higher freight rates to customers, primarily for ocean transportation, to improve pricing became a factor supporting earnings and offset the decline in earnings caused by lower cargo volumes. However, the temporary decrease in cargo volumes in the first half of March weighed on results, leading to weak growth in operating revenue for the cumulative period. In addition, as SG&A expenses increased, operating profit and all subsequent levels of profit fell below the same period of the previous year.」

「To improve profitability, we will also review pricing, develop internal systems and infrastructure, and reduce costs through greater efficiency, working to maintain and secure stable earnings.」

「Nevertheless, we worked to secure stable profits by controlling SG&A expenses and taking other measures.」

「Nevertheless, we worked to secure stable profits by controlling SG&A expenses and taking other measures.」

「As a result of strengthening our ongoing initiatives, the volume of international cargo transportation handled increased steadily from the same period of the previous year. However, higher ocean freight rates for imports into Japan from overseas increased procurement costs and caused the gross profit margin to decline. At the same time, we worked to secure stable profits by controlling SG&A expenses and taking other measures.」

「Under these circumstances, although we worked to control SG&A expenses, we were unable to fully absorb the decline in gross profit caused by exchange-rate movements, resulting in decreases in operating profit and all subsequent levels of profit.」

「Under these circumstances, although we worked to control SG&A expenses, we were unable to absorb the decline in gross profit caused by exchange-rate movements, resulting in a decrease in operating profit.」

「Although the volume of international cargo transportation handled increased steadily from the same period of the previous year, earnings were pressured as the yen generally remained strong. Nevertheless, we worked to secure stable profits while controlling SG&A expenses and taking other measures.」