Reducing SG&A and Improving Profit Margins
First written in FY2016. 6 of 36 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2026: 10 of 32 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026Higher SG&A expenses weigh on earningsAnnual report
「Operating income decreased 26.7% from the previous consolidated fiscal year to ¥1,298.404 million due to the decline in the gross margin and higher SG&A expenses.」
SG&A expenses increased from ¥7,742.230 million to ¥7,887.290 million, and, together with the decline in the gross margin, this put downward pressure on operating income. - FY2026-H1Higher SG&A expenses weigh on earningsAnnual report
「Total SG&A expenses ¥3,817.323 million ¥3,955.825 million」
SG&A expenses increased from ¥3,817.323 million in the previous interim period to ¥3,955.825 million, and operating income decreased 32.5%. - FY2025AdvancedAnnual report
「SG&A expenses decreased from ¥7,865.155 million to ¥7,742.230 million.」
SG&A expenses decreased by ¥122.925 million year on year. However, the decline in gross profit was larger, and operating income decreased 15.0%, meaning that the expense reduction alone was insufficient to offset the decline in earnings. - FY2025-H1AdvancedAnnual report
「Total SG&A expenses ¥3,843.413 million ¥3,817.323 million」
SG&A expenses decreased by ¥25,?90 thousand from ¥3,843.413 million in the previous interim period to ¥3,817.323 million. Although operating income declined due to lower gross profit, a decrease in expenses was confirmed. - FY2024Higher SG&A expenses and recognition of an allowance for doubtful accountsAnnual report
「SG&A expenses ¥7,676.236 million ¥7,865.155 million」
SG&A expenses increased from ¥7,676.236 million in the previous fiscal year to ¥7,865.155 million. Packing and transportation expenses were ¥1,153.787 million, and the provision for doubtful accounts was ¥169.677 million. Higher costs, including those related to addressing the fraudulent receipt of trade insurance benefits, put pressure on profit. - FY2024-Q3Higher SG&A expenses weigh on earningsAnnual report
「Total SG&A expenses ¥5,751.832 million ¥5,782.649 million」
SG&A expenses increased from ¥5,751.832 million in the same period of the previous year to ¥5,782.649 million. Together with the decline in gross profit, this contributed to the decrease in operating income. - FY2024-Q2AdvancedAnnual report
「Total SG&A expenses ¥3,888.869 million ¥3,843.413 million」
SG&A expenses decreased by ¥45.456 million from ¥3,888.869 million in the same period of the previous year to ¥3,843.413 million. However, operating income declined due to lower gross profit, and the expense reduction alone was insufficient to offset the decline in margins. - FY2024-Q1AdvancedAnnual report
「Total SG&A expenses ¥1,927.560 million ¥1,908.972 million」
SG&A expenses decreased from ¥1,927.560 million in the same period of the previous year to ¥1,908.972 million. Meanwhile, operating income declined from ¥1,152.269 million to ¥701.998 million due to lower gross profit, and the expense reduction alone was insufficient to offset the decline in profit. - FY2023Operating income increased as gross profit improved despite higher SG&A expensesAnnual report
「SG&A expenses ¥7,102.567 million ¥7,676.236 million」
SG&A expenses increased from ¥7,102.567 million in the previous fiscal year to ¥7,676.236 million. Meanwhile, operating income improved from ¥2,121.708 million to ¥4,273.102 million due to higher gross profit, indicating that improved earnings exceeded the increase in expenses rather than company-wide costs being reduced. - FY2023-Q3Profit increased as gross profit improved despite higher SG&A expensesAnnual report
「Total SG&A expenses ¥5,291.766 million ¥5,751.832 million」
SG&A expenses increased from ¥5,291.766 million in the same period of the previous year to ¥5,751.832 million. Meanwhile, operating income improved from ¥1,389.277 million to ¥3,359.085 million due to higher gross profit, indicating that improved earnings exceeded the increase in expenses rather than expenses being reduced. - FY2023-Q2Profit increased as earnings improved despite higher SG&A expensesAnnual report
「Total SG&A expenses ¥3,487.789 million ¥3,888.869 million」
SG&A expenses increased from ¥3,487.789 million in the same period of the previous year to ¥3,888.869 million. Meanwhile, operating income improved from ¥658.975 million to ¥2,200.876 million due to higher gross profit, indicating that improved earnings exceeded the increase in expenses rather than expenses being reduced. - FY2023-Q1Profit increased as earnings improved despite higher SG&A expensesAnnual report
「Total SG&A expenses ¥1,683.166 million ¥1,927.560 million」
SG&A expenses increased from ¥1,683.166 million in the same period of the previous year to ¥1,927.560 million. Meanwhile, operating income improved from ¥254.451 million to ¥1,152.269 million due to higher sales volume and an improved gross margin following revisions to selling prices. - FY2022Operating income improved despite higher SG&A expensesAnnual report
「SG&A expenses ¥6,611.913 million ¥7,102.567 million」
SG&A expenses increased from ¥6,611.913 million in the previous fiscal year to ¥7,102.567 million. Meanwhile, operating income improved from ¥446.899 million to ¥2,121.708 million due to higher gross profit, indicating that improved earnings exceeded the increase in expenses rather than expenses being reduced. - FY2022-Q3Profit improved despite higher SG&A expensesAnnual report
「Total SG&A expenses ¥4,955.137 million ¥5,291.766 million」
SG&A expenses increased from ¥4,955.137 million in the same period of the previous year to ¥5,291.766 million. Meanwhile, operating income improved from ¥241.278 million to ¥1,389.277 million due to higher gross profit, indicating that improved earnings exceeded the increase in expenses rather than expenses being reduced. - FY2022-Q2Profit improved despite higher SG&A expensesAnnual report
「Total SG&A expenses ¥3,306.844 million ¥3,487.789 million」
SG&A expenses increased from ¥3,306.844 million in the same period of the previous year to ¥3,487.789 million. Meanwhile, operating income improved from ¥187.223 million to ¥658.975 million due to higher gross profit, and no company-wide cost reduction was reported. - FY2022-Q1Expenses declined in the sales business, but increased slightly on a consolidated basisAnnual report
「Operating income was ¥254.451 million, compared with ¥134.038 million in the cumulative first quarter of the previous fiscal year, due to higher sales volume, an improved gross margin and lower SG&A expenses, among other factors.」
The decline in SG&A expenses in the sales business and other factors were cited as contributors to profit improvement. However, total SG&A expenses in the consolidated income statement increased slightly from ¥1,675.912 million to ¥1,683.166 million, and no across-the-board cost reduction was reported. - FY2021AdvancedAnnual report
「Operating income decreased 71.1% from the previous consolidated fiscal year to ¥247.042 million. Although SG&A expenses declined as business activities were constrained by the spread of infectious disease and for other reasons, sales volume fell sharply.」
Consolidated SG&A expenses decreased from ¥6,832.533 million to ¥6,611.913 million. Although cost reductions progressed, the impact of lower sales volume was significant, and operating income in the sales business decreased 71.1%. - FY2021-Q3AdvancedAnnual report
「Operating income decreased 86.5% from the cumulative third quarter of the previous fiscal year to ¥101.750 million. Although SG&A expenses declined as business activities were partly constrained and for other reasons, sales volume fell sharply.」
SG&A expenses declined in the sales business, and consolidated SG&A expenses overall also decreased from ¥5,020.026 million in the same period of the previous year to ¥4,955.137 million. Although cost reductions progressed, operating income decreased 86.5% due to the significant decline in sales volume. - FY2021-Q2Higher SG&A expenses weigh on earningsAnnual report
「Total SG&A expenses ¥3,167.854 million ¥3,306.844 million」
SG&A expenses increased from ¥3,167.854 million in the same period of the previous year to ¥3,306.844 million. Operating income decreased 65.8% year on year due to the significant decline in sales volume and higher SG&A expenses. - FY2021-Q1Higher SG&A expenses weigh on earningsAnnual report
「Operating income decreased 47.4% from the cumulative first quarter of the previous fiscal year to ¥134.038 million, as SG&A expenses increased in addition to sluggish growth in sales volume.」
Consolidated operating income decreased 47.4% year on year due to sluggish sales volume and higher SG&A expenses. - FY2020Higher SG&A expenses weigh on earningsAnnual report
「Although the machinery maintenance business performed well, revenue decreased 11.3% from the previous consolidated fiscal year to ¥795.561 million because new project orders fell short of plan. Despite efforts to reduce SG&A expenses in addition to procurement efforts for project construction, the significant impact of lower revenue caused operating income to decrease 6.3% from the previous consolidated fiscal year to ¥73.963 million.」
By business segment, procurement efforts were made and SG&A expenses were controlled, but consolidated SG&A expenses increased from ¥5,694.844 million to ¥6,832.533 million, putting pressure on operating income. - FY2020-Q3Higher SG&A expenses weigh on earningsAnnual report
「Total SG&A expenses ¥4,286.669 million ¥5,020.026 million」
SG&A expenses increased from ¥4,286.669 million in the same period of the previous year to ¥5,020.026 million. Operating income also decreased 25.5% year on year, and higher expenses continued to constrain margin improvement. - FY2020-Q2SG&A expenses increased due to M&A costs and other factorsAnnual report
「Operating income decreased 30.4% from the cumulative second quarter of the previous fiscal year to ¥547.708 million, as SG&A expenses increased due in part to ¥80.360 million in M&A costs, in addition to the decline in the gross margin.」
SG&A expenses increased from ¥2,748.205 million in the same period of the previous year to ¥3,167.854 million, with ¥80.360 million in M&A costs and other factors putting pressure on profit. - FY2020-Q1Higher SG&A expenses weigh on earningsAnnual report
「Operating income decreased 44.5% from the cumulative first quarter of the previous fiscal year to ¥255.065 million, due to an increase in selling, general and administrative expenses in addition to a decline in the gross profit margin.」
Consolidated SG&A expenses increased from ¥1,333.596 million in the same period of the previous year to ¥1,399.208 million, and, together with the decline in the gross margin, this put downward pressure on operating income. - FY2019Higher Group-wide SG&A expenses reduce operating incomeAnnual report
「However, from an earnings perspective, operating income decreased 4.6% from the previous consolidated fiscal year to ¥1,468.000 billion due to an increase in selling, general and administrative expenses.」
Consolidated selling, general and administrative expenses increased from ¥5,353.117 million to ¥5,694.844 million, while operating income decreased 4.6% year on year. - FY2019-Q3Group-wide SG&A expenses continue to increaseAnnual report
「Total selling, general and administrative expenses ¥3,996.178 million ¥4,286.669 million」
Consolidated selling, general and administrative expenses increased from ¥3,996.178 million in the same period of the previous year to ¥4,286.669 million. - FY2019-Q2Group-wide SG&A expenses continue to increaseAnnual report
「Total selling, general and administrative expenses ¥2,614.882 million ¥2,748.205 million」
Consolidated selling, general and administrative expenses increased from ¥2,614.882 million in the same period of the previous year to ¥2,748.205 million. - FY2019-Q1Group-wide SG&A expenses continue to increaseAnnual report
「Total selling, general and administrative expenses ¥1,306.116 million ¥1,333.596 million」
Consolidated selling, general and administrative expenses increased from ¥1,306.116 million in the same period of the previous year to ¥1,333.596 million. Although cost-cutting efforts were reported by business, no decrease was observed on a Group-wide basis. - FY2018Business-level cost-cutting efforts, but Group-wide SG&A expenses increasedAnnual report
「Although the Company worked to reduce manufacturing expenses and selling, general and administrative expenses, the large decline in earnings from the pipe-manufacturing business resulted in operating income decreasing 15.6% from the previous consolidated fiscal year to ¥133.669 million.」
Although efforts to reduce manufacturing expenses and SG&A expenses were reported by business, consolidated selling, general and administrative expenses increased from ¥5,061.279 million in the previous fiscal year to ¥5,353.117 million. - FY2018-Q3Business-level cost-cutting efforts, but Group-wide SG&A expenses increasedAnnual report
「Although the Company worked to reduce manufacturing expenses and selling, general and administrative expenses, the large decline in earnings from the pipe-manufacturing business resulted in operating income decreasing 15.2% from the cumulative third quarter of the previous fiscal year to ¥107.256 million.」
Although efforts to reduce manufacturing expenses and SG&A expenses were reported in the stainless steel processed products business, consolidated selling, general and administrative expenses increased from ¥3,755.268 million in the same period of the previous year to ¥3,996.178 million. - FY2018-Q2Business-level cost-cutting efforts, but Group-wide SG&A expenses increasedAnnual report
「Although the Company worked to reduce selling, general and administrative expenses, the large decline in revenue from the pipe-manufacturing business resulted in operating income decreasing 9.2% from the cumulative second quarter of the previous fiscal year to ¥74.571 million.」
Although cost-cutting efforts were reported in the stainless steel processed products business, consolidated selling, general and administrative expenses increased from ¥2,476.680 million in the same period of the previous year to ¥2,614.882 million. - FY2018-Q1Business-level containment effects, but Group-wide SG&A expenses increasedAnnual report
「Operating income increased 33.9% from the cumulative first quarter of the previous fiscal year to ¥41.655 million, due to an improved gross profit margin resulting from lower material costs and manufacturing expenses, as well as the effects of containing selling, general and administrative expenses.」
In the stainless steel processed products business, containing SG&A expenses contributed to higher operating income. Meanwhile, consolidated selling, general and administrative expenses increased from ¥1,270.183 million in the same period of the previous year to ¥1,306.116 million, and the disclosure does not indicate uniform cost reductions across the Group. - FY2017-Q3Slight increase in Group-wide SG&A expensesAnnual report
「Total selling, general and administrative expenses ¥3,710.097 million ¥3,755.268 million」
Selling, general and administrative expenses increased from ¥3,710.097 million in the same period of the previous year to ¥3,755.268 million. On a Group-wide basis, a slight increase rather than progress in cost reductions was observed. - FY2017-Q2Expense containment in the China pipe-manufacturing business, with Group-wide expenses broadly unchangedAnnual report
「The Company recorded operating income of ¥82.147 million, up 11.3% from the cumulative second quarter of the previous fiscal year, partly due to the effects of containing selling, general and administrative expenses.」
In the China pipe-manufacturing business, containing selling, general and administrative expenses contributed to higher operating income. Meanwhile, consolidated selling, general and administrative expenses totaled ¥2,476.680 million, little changed from ¥2,476.450 million in the same period of the previous year. - FY2017-Q1Higher costs across the Group, with containment effects in some businessesAnnual report
「From an earnings perspective, operating income decreased 73.5% from the cumulative first quarter of the previous fiscal year to ¥23.421 million, due to the decline in revenue and an increase in selling, general and administrative expenses, mainly personnel expenses. Separately, operating income increased 12.4% to ¥31.117 million, due to an improved gross profit margin resulting from more efficient production and the effects of containing selling, general and administrative expenses.」
While selling, general and administrative expenses increased across the consolidated Group, the China pipe-manufacturing business reported the effects of expense containment, indicating differing conditions by business. - FY2016First statedAnnual report
「The Company recognizes the reduction of costs, including selling, general and administrative expenses, and improvement of profitability as challenges.」
In addition to increasing sales volume and value added, the Company identifies improving profitability through cost reductions as a challenge.