Higher depreciation and personnel expenses associated with expanding the rental asset base
First written in FY2017-Q1. 3 of 4 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2017RestatedAnnual report
「In the unit-house business, higher personnel and other expenses, together with a temporary increase in expenses related to the 50th-anniversary commemorative project, resulted in ¥3,860 million, down 2.9% year on year.」
The full-year results disclose that higher personnel and other expenses put pressure on profit in the unit-house business, together with expenses related to the 50th-anniversary commemorative project. - FY2017-Q3RestatedAnnual report
「Operating profit was ¥2,821 million, down 0.5% year on year, due to higher personnel and other expenses.」
Higher personnel and other expenses continue to be cited as a factor putting pressure on operating profit in the unit-house business. - FY2017-Q2RestatedAnnual report
「Operating profit was ¥1,687 million, down 5.6% year on year, due to a decline in ancillary construction and other work resulting from stagnant numbers of rental sites, as well as higher personnel and other expenses.」
Higher personnel and other expenses continue to be cited as factors putting pressure on profit. This time, stagnant numbers of rental sites and a decline in ancillary construction are also mentioned. - FY2017-Q1First statedAnnual report
「Higher depreciation expenses associated with expanding the rental asset base and increases in personnel and other expenses resulted in ¥585 million, down 17.5% year on year.」
The expansion of the rental asset base and higher personnel expenses have emerged as factors behind the decline in operating profit in the unit-house business.