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Cox (9876) · InitiativeIncrease in SG&A expenses due to investment in personnel

Streamlining Headquarters Operations Through Greater Efficiency

First written in FY2018. 13 of 23 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2027-H1.

23entries
9years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2020-Q2 – FY2021-Q2AdvancedFY2022-Q2 – FY2023-Q3OtherFY2024-Q1 – FY20252018: 320182019: 220192020: 220202021: 220212022: 420222023: 320232024: 220242025: 220252026: 32026
Same theme, other companies
Organizational Consolidation and Management Structure StreamliningA theme 19 companies write about · 0 as a headwind · 19 as a tailwind

The whole theme swung hardest in 2020: 3 of 10 companies on the "Worse" side.

0 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 19 companies compared. The sentences above are computed from all 19.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Increase in SG&A expenses due to investment in personnelAnnual report

    「Although we worked to execute various expenses efficiently, selling, general and administrative expenses amounted to ¥4,000 million, or 102.5% of the level in the same period of the previous year, due in part to the continued recruitment and training of personnel to strengthen store operating capabilities.」

    While advancing expense efficiency, selling, general and administrative expenses increased to 102.5% of the level in the same period of the previous year due to the costs of recruiting and training personnel to strengthen store operating capabilities.
  2. FY2026AdvancedAnnual report

    「The company continued to reduce fixed costs to absorb higher costs associated with sales expansion initiatives and other measures. As a result, selling, general and administrative expenses decreased by ¥332 million year on year, to 96.0% of the previous year's level.」

    Fixed-cost reductions continued to absorb higher costs associated with sales expansion initiatives, reducing selling, general and administrative expenses by ¥332 million year on year, to 96.0% of the previous year's level.
  3. 2026-04-09AdvancedEarnings

    「We continued efforts to reduce fixed costs to offset increases in expenses linked to sales expansion initiatives and other measures, resulting in a decrease of ¥332 million from the previous corresponding period, to 96.0% of the previous year's level.」

    The Company continued reducing fixed costs, bringing selling, general and administrative expenses down to 96.0% of the previous corresponding period.
  4. FY2026-H1AdvancedAnnual report

    「To absorb higher costs associated with sales expansion initiatives and other measures, the company continued to reduce fixed costs. As a result, selling, general and administrative expenses decreased by ¥43 million year on year, to 98.9% of the previous year's level.」

    Fixed-cost reductions continued to absorb higher costs associated with sales expansion initiatives, reducing selling, general and administrative expenses by ¥43 million year on year, to 98.9% of the previous year's level.
  5. FY2025Increase in full-year selling, general and administrative expensesAnnual report

    「Total selling, general and administrative expenses 8,131,781 8,304,766」

    While efforts to reduce fixed costs continued, full-year selling, general and administrative expenses increased from ¥8,131 million in the previous year to ¥8,304 million.
  6. FY2025-H1Continued fixed-cost reductions and an increase in selling, general and administrative expensesAnnual report

    「While continuing to reduce fixed costs, selling, general and administrative expenses increased to 101.6% of the previous year's level due to higher costs associated with sales expansion initiatives and other measures, investments to strengthen brand equity, and improvements in employee compensation.」

    While fixed-cost reductions continued, improvements in employee compensation, sales expansion initiatives and investments to strengthen brand equity resulted in selling, general and administrative expenses at 101.6% of the previous year's level.
  7. FY2024-Q3Continued fixed-cost reductions and an increase in selling, general and administrative expensesAnnual report

    「While continuing to reduce fixed costs, selling, general and administrative expenses increased by ¥28 million year on year, to 100.5% of the previous year's level, due to improvements in employee compensation and other factors.」

    While fixed-cost reductions continued, improvements in employee compensation and other factors resulted in a ¥28 million year-on-year increase in selling, general and administrative expenses, to 100.5% of the previous year's level.
  8. FY2024-Q2Continued fixed-cost reductions and a slight increase in selling, general and administrative expensesAnnual report

    「While continuing to reduce fixed costs, selling, general and administrative expenses increased by ¥12 million year on year, to 100.3% of the previous year's level, due to improvements in employee compensation and higher sales, among other factors.」

    While fixed-cost reductions continued, improvements in employee compensation and higher sales resulted in a ¥12 million year-on-year increase in selling, general and administrative expenses, to 100.3% of the previous year's level.
  9. FY2024-Q1Continued fixed-cost reductions and an increase in selling, general and administrative expensesAnnual report

    「While continuing to reduce fixed costs, selling, general and administrative expenses increased by ¥67 million year on year, to 103.4% of the previous year's level, due to improvements in employee compensation and higher sales, among other factors.」

    While fixed-cost reductions continued, improvements in employee compensation and higher sales, among other factors, resulted in a ¥67 million year-on-year increase in selling, general and administrative expenses.
  10. FY2023-Q3AdvancedAnnual report

    「Meanwhile, selling, general and administrative expenses decreased by ¥578 million year on year, to 91.1% of the previous year's level, as the company continued efforts to reduce fixed costs, including labor and equipment costs, and the number of operating stores during the period decreased by 24 from the previous year.」

    Continued fixed-cost reductions and the decrease in the number of operating stores reduced selling, general and administrative expenses by ¥578 million year on year, to 91.1% of the previous year's level.
  11. FY2023-Q2AdvancedAnnual report

    「Meanwhile, selling, general and administrative expenses decreased by ¥500 million year on year, to 88.6% of the previous year's level, as the company continued to reduce fixed costs, including labor and equipment costs, and the number of operating stores during the period decreased by 24 from the previous year.」

    Reductions in fixed costs and the decrease in the number of operating stores reduced first-half selling, general and administrative expenses by ¥500 million year on year, to 88.6% of the previous year's level.
  12. FY2023-Q1AdvancedAnnual report

    「Meanwhile, selling, general and administrative expenses decreased by ¥286 million year on year, to 87.3% of the previous year's level, as the company continued to reduce fixed costs, including labor and equipment costs, and the number of operating stores during the period decreased by 24 from the previous year.」

    Reductions in fixed costs and the decrease in the number of operating stores reduced selling, general and administrative expenses by ¥286 million year on year, to 87.3% of the previous year's level.
  13. FY2022AdvancedAnnual report

    「In January, the rollout of new POS registers was completed at all stores. We also worked to reduce payment processing fees by introducing in-house payment terminals compatible with cashless payments. As a result, selling, general and administrative expenses decreased by ¥654 million from the previous year.」

    New POS registers were installed at all stores in January, and payment processing fees were reduced through in-house payment terminals, resulting in a ¥654 million reduction in selling, general and administrative expenses from the previous year.
  14. FY2022-Q3AdvancedAnnual report

    「We have been promoting paperless year-end tax adjustment procedures using Smart HR (a labor-management system) to improve the efficiency of back-office operations. Meanwhile, despite an increase in the number of operating stores compared with the nine-month cumulative period of the previous fiscal year, we worked to reduce labor and equipment costs. As a result, selling, general and administrative expenses decreased by ¥323 million year on year, to 95.3% of the previous year's level.」

    Paperless year-end tax adjustment procedures were advanced using Smart HR. In addition, reductions in labor and equipment costs reduced selling, general and administrative expenses by ¥323 million year on year, to 95.3% of the previous year's level.
  15. FY2022-Q2AdvancedAnnual report

    「We have been reducing the workload of human resources operations by introducing SmartHR (a labor-management system) to improve the efficiency of back-office operations.」

    SmartHR (a labor-management system) was introduced to improve the efficiency of back-office operations and reduce the workload of human resources operations.
  16. FY2022-Q1ReframedAnnual report

    「We will focus on reforming the cost structure through digital transformation, implement each measure and work to improve cash flow.」

    The wording of the measures has been reorganized from the previous focus on streamlining headquarters through reductions in headquarters headcount, expenses and fixed costs to reforming the cost structure through digital transformation.
  17. FY2021-Q2AdvancedAnnual report

    「Meanwhile, selling, general and administrative expenses amounted to ¥4,362 million after efforts to reduce labor through inventory-taking using RFID tags at stores of the core brand ikka and reviews of advertising and promotional expenses and other costs.」

    Efforts to reduce labor through inventory-taking using RFID tags at ikka stores and reviews of advertising and promotional expenses and other costs resulted in selling, general and administrative expenses of ¥4,362 million.
  18. FY2020AdvancedAnnual report

    「While reforming work practices through the introduction of digital solutions, we reviewed various fixed costs and reduced selling, general and administrative expenses further below the initial plan, resulting in a ¥1.2 billion reduction from the previous year.」

    Digital solutions and a review of fixed costs reduced selling, general and administrative expenses by ¥1.2 billion from the previous year.
  19. FY2020-Q2AdvancedAnnual report

    「In July, we changed the head office layout to a hot-desking arrangement to improve productivity and changed the way we work so that removing barriers between departments would enable better communication. We are also working to improve productivity by introducing digital solutions, eliminating unnecessary tasks and reducing the work performed by people.」

    The head office layout was changed to hot-desking in July, while efforts were made to improve communication between departments and reduce tasks through digital solutions.
  20. FY2019-Q3RestatedAnnual report

    「Regarding profit-structure reform, we launched a profit-structure reform project to reform the cost structure, improve cost efficiency across the company and fundamentally review fixed costs, with the aim of changing the profit structure.」

    The company continues to pursue company-wide cost efficiency and a fundamental review of fixed costs through the profit-structure reform project. There has been no substantive change from the direction outlined in the previous quarter.
  21. FY2019-Q2ReframedAnnual report

    「Regarding the streamlining of headquarters while improving operational efficiency, we launched a profit-structure reform project and began a fundamental review of all fixed costs incurred over the long term, rather than limiting the scope to headquarters streamlining.」

    In addition to reducing headquarters headcount and expenses, the scope was expanded under the profit-structure reform project to include a fundamental review of all fixed costs incurred over the long term.
  22. FY2019-Q1AdvancedAnnual report

    「In conjunction with improving operational efficiency, we reviewed headquarters headcount and expenses, reducing headquarters costs to 90% of the previous year's level and advancing the streamlining of headquarters.」

    Headquarters headcount and expenses were reviewed, reducing headquarters costs to 90% of the previous year's level.
  23. FY2018First statedAnnual report

    「③ Streamlining headquarters while improving operational efficiency. We will improve operational efficiency through measures including expanding the functions of the merchandising support system, introducing Eco Biz Box and implementing RFID tags, while reviewing headcount and expenses to reduce the headquarters cost ratio and streamline headquarters.」

    The company has outlined measures to reduce the headquarters cost ratio and the size of headquarters through the merchandising support system, Eco Biz Box, RFID and reviews of headcount and expenses.
Moved together

"Growth in E-commerce Sales and Expansion of Sales Channels" moved the same way as this thread, in the same document, in 13 of its 23 moves.

1312101098★123456
  1. ★This thread
  2. 1Growth in E-commerce Sales and Expansion of Sales Channels13×
  3. 2Enhancing profitability through business-format reform12×
  4. 3Improving Gross Profit Margins through Merchandising and Logistics Reform10×
  5. 4Strengthening promotions through events and social contribution activities10×
  6. 5Promoting Digitalization9×
  7. 6Normalizing the MD Cycle and Adjusting Inventory8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Cox yet. It last moved in the Earnings of 2026-04-09: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Streamlining Headquarters Operations Through Greater Efficiency | COX CO.,LTD. (9876) | Komori