Efficiency Gains through Cost Reduction, Improved Pit Utilization and Asset Utilization
First written in FY2016. 3 of 9 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2018: 2 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Selling, general and administrative expenses were ¥47.749 billion, or 101.5% of the year-earlier level, up ¥701 million, as higher store operating costs, including utilities, outweighed efforts to optimize store staffing and conduct sales-promotion activities efficiently.」
Although the company continued to optimize store staffing and conduct sales-promotion activities efficiently, selling, general and administrative expenses reached 101.5% of the year-earlier level because of higher store operating costs, including utilities. - FY2023-Q3RestatedAnnual report
「Selling, general and administrative expenses were ¥35.356 billion, or 100.0% of the year-earlier level, down ¥4 million. Although utility costs increased because of higher electricity prices, efforts to optimize store staffing and efficient sales-promotion activities contained other expenses.」
The company explained that, despite cost increases including higher electricity prices, optimizing store staffing and conducting sales-promotion activities efficiently kept selling, general and administrative expenses at 100.0% of the year-earlier level. - FY2023-Q2RestatedAnnual report
「Selling, general and administrative expenses were ¥23.059 billion, or 99.5% of the year-earlier level, down ¥113 million, as efforts to optimize store staffing and efficient sales-promotion activities contained expenses.」
The company explained that optimizing store staffing and conducting sales-promotion activities efficiently kept selling, general and administrative expenses at 99.5% of the year-earlier level. - FY2023-Q1AdvancedAnnual report
「Selling, general and administrative expenses were ¥11.528 billion, or 99.6% of the year-earlier level, down ¥43 million, as efforts to optimize store staffing and efficient sales-promotion activities contained expenses.」
The company explained that optimizing store staffing and conducting sales-promotion activities efficiently kept selling, general and administrative expenses at 99.6% of the year-earlier level. - FY2022AdvancedAnnual report
「In addition, partly because efficient advertising activities and revisions to some store-opening plans kept various expenses below expectations, operating profit reached 126.9% of the plan and ordinary profit reached 125.1% of the plan.」
The company explained that efficient advertising and revisions to store-opening plans kept expenses below expectations, linking the results of efficiency measures to performance against the plan. - FY2020-Q1AdvancedAnnual report
「This change was made because, after standardization of store facilities was completed and an environment enabling the effective use of assets was established, a review of the utilization of store facilities and other assets found no rapid deterioration in tools, equipment and fixtures and indicated that stable, long-term use could be expected. The company therefore judged that allocating the cost evenly over the period of use was a reasonable method that would more appropriately reflect its economic substance.」
The company states that store-facility standardization has been completed and that an environment for effective asset utilization has been established, indicating concrete progress in asset-efficiency initiatives that had previously been described only in general terms. - FY2019SoftenedAnnual report
「The Group's management objective is to increase corporate value by expanding its business of selling automotive and two-wheeler products, centered on vehicle inspection and service operations, and by improving management efficiency.」
Although the overarching goal of improving management efficiency remains, the specific measures previously stated, including cost reductions, optimized staff allocation, higher pit utilization and asset utilization, are not reiterated in the current list of issues. - FY2018ReframedAnnual report
「We will continue to thoroughly reduce expenses at headquarters and stores, while optimizing staff allocation, with the aim of improving management efficiency.」
Optimized staff allocation is presented alongside cost reductions as a means of improving efficiency, replacing the previously stated measures of increasing pit utilization and making use of owned assets. - FY2016First statedAnnual report
「We will continue to thoroughly reduce expenses at headquarters and stores, while seeking to improve management efficiency by raising pit utilization and making more effective use of owned assets to improve asset efficiency.」
Cost reductions, pit utilization and the use of owned assets are identified as means of improving efficiency.