Komori
Horai (9679) · FactInterim-period decline in general and administrative expenses

Increase in General and Administrative Expenses Due to Higher Personnel Expenses

First written in FY2018-Q2. 2 of 17 entries say "Restated". Latest entry: FY2026-H1.

17entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2018-Q2 – FY2026-H12018: 320182019: 020192020: 220202021: 220212022: 320222023: 220232024: 220242025: 220252026: 12026
Same theme, other companies
Higher Personnel Expenses Expand SG&A and Squeeze Operating ProfitA theme 26 companies write about · 26 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 10 of 19 companies on the "Worse" side.

4 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 26 companies compared. The sentences above are computed from all 26.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1Interim-period decline in general and administrative expensesAnnual report

    「General and administrative expenses fell below the same period of the previous year at ¥376 million, down ¥4 million year on year,」

    General and administrative expenses decreased by ¥4 million year on year to ¥376 million.
  2. FY2025Increase in general and administrative expenses and personnel expensesAnnual report

    「General and administrative expenses exceeded the previous fiscal year at ¥822 million, up ¥98 million year on year,」

    General and administrative expenses increased by ¥98 million year on year to ¥822 million, while employee salaries and bonuses also increased to ¥187.172 million.
  3. FY2025-H1Increase in general and administrative expenses and personnel expensesAnnual report

    「General and administrative expenses exceeded the same period of the previous year at ¥381 million, up ¥74 million year on year.」

    General and administrative expenses increased by ¥74 million year on year, with employee salaries and bonuses, a major expense item, increasing from ¥76.426 million to ¥95.297 million.
  4. FY2024Full-year increase in general and administrative expensesAnnual report

    「General and administrative expenses also exceeded the previous fiscal year at ¥723 million, up ¥34 million year on year.」

    General and administrative expenses increased by ¥34 million year on year to ¥723 million.
  5. FY2024-Q2Decrease in general and administrative expensesAnnual report

    「General and administrative expenses fell below the same period of the previous year at ¥306 million, down ¥2 million year on year,」

    General and administrative expenses amounted to ¥306 million, down ¥2 million year on year.
  6. FY2023Full-year increase in general and administrative expensesAnnual report

    「General and administrative expenses exceeded the previous fiscal year at ¥689 million, up ¥25 million year on year,」

    General and administrative expenses increased by ¥25 million year on year to ¥689 million.
  7. FY2023-Q2Decrease in general and administrative expensesAnnual report

    「General and administrative expenses fell below the same period of the previous year at ¥308 million, down ¥1 million year on year,」

    General and administrative expenses decreased by ¥1 million year on year to ¥308 million.
  8. FY2022Full-year increase in general and administrative expensesAnnual report

    「General and administrative expenses exceeded the previous fiscal year at ¥664 million, up ¥45 million year on year,」

    General and administrative expenses increased by ¥45 million year on year to ¥664 million, while employee salaries and bonuses also increased to ¥186.084 million.
  9. FY2022-Q3RestatedAnnual report

    「General and administrative expenses exceeded the same period of the previous year at ¥469 million, up ¥11 million year on year,」

    General and administrative expenses remain ¥11 million above the same period of the previous year.
  10. FY2022-Q2Increase in General and Administrative Expenses and Employee SalariesAnnual report

    「General and administrative expenses exceeded the same period of the previous year, and operating profit declined year on year. Employee salaries and bonuses: ¥79.464 million; ¥87.982 million」

    General and administrative expenses exceeded the same period of the previous year, while employee salaries and bonuses also increased from ¥79.464 million in the same period of the previous year to ¥87.982 million.
  11. FY2021Full-Year Decline in General and Administrative ExpensesAnnual report

    「General and administrative expenses fell below the previous fiscal year, and operating profit increased year on year.」

    General and administrative expenses amounted to ¥619 million, down ¥34 million from the previous fiscal year.
  12. FY2021-Q2Decline in Personnel Costs and General and Administrative ExpensesAnnual report

    「General and administrative expenses fell below the same period of the previous year, and operating profit increased year on year.」

    General and administrative expenses decreased by ¥31 million year on year, while employee salaries and bonuses fell from ¥82.989 million in the same period of the previous year to ¥79.464 million.
  13. FY2020General and Administrative Expenses Declined Despite Higher Personnel CostsAnnual report

    「Although general and administrative expenses were below the previous fiscal year, operating profit declined year on year.」

    Overall general and administrative expenses declined, while employee salaries and bonuses increased from ¥161.081 million in the previous fiscal year to ¥172.777 million.
  14. FY2020-Q2Increase in General and Administrative Expenses Including Higher Personnel CostsAnnual report

    「General and administrative expenses exceeded the same period of the previous year, and operating profit declined year on year. Employee salaries and bonuses: ¥69.515 million; ¥82.989 million」

    General and administrative expenses exceeded the same period of the previous year, and employee salaries and bonuses increased from ¥69.515 million in the same period of the previous year to ¥82.989 million.
  15. FY2018General and Administrative Expenses Declined Despite Higher Personnel CostsAnnual report

    「Although general and administrative expenses were below the previous fiscal year, operating profit declined year on year.」

    Employee salaries and bonuses increased from the previous fiscal year, while overall general and administrative expenses fell below the previous fiscal year due to a decrease in commissions paid and other expenses.
  16. FY2018-Q3RestatedAnnual report

    「General and administrative expenses exceeded the same period of the previous year, mainly due to higher personnel costs, resulting in a year-on-year decline in operating profit.」

    The company continues to cite higher personnel costs as the main reason general and administrative expenses exceeded the same period of the previous year.
  17. FY2018-Q2First statedAnnual report

    「General and administrative expenses exceeded the same period of the previous year, mainly due to higher personnel costs, resulting in an operating loss compared with operating profit in the same period of the previous year.」

    The company cites higher personnel costs as the main reason general and administrative expenses exceeded the same period of the previous year.
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Horai's next results are scheduled for 2026-10-30. Read the earnings preview
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