Increase in Store Operating Costs Due to Rising Energy Prices
First written in FY2023-Q1. 5 of 13 entries say "Materialised", first in FY2025-H1. Latest entry: 2026-08-10.
Makiya moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 7 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-08-10MitigatedEarnings presentation
「3. Utilities: decreased due to the effects of solar power generation and energy conservation, as well as lower electricity unit prices than in the same period of the previous year」
Utilities decreased 9.0% year on year due to the effects of solar power generation and energy conservation and lower electricity unit prices. - FY2026MaterialisedAnnual report
「Operating profit declined to ¥1,168 million, down 0.3% year on year. This was due to higher selling, general and administrative expenses resulting from increased labor costs following wage increases, higher utility expenses due to increased electricity unit prices, and fees and taxes and dues incurred in connection with the purchase of previously leased land and buildings, among other factors.」
Higher personnel and utility costs resulting from wage increases and higher electricity unit prices actually occurred as factors behind the decline in operating profit for the interim period. - FY2026-H1MaterialisedAnnual report
「Operating profit declined to ¥1,168 million, down 0.3% year on year. This was due to higher selling, general and administrative expenses resulting from increased labor costs following wage increases, higher utility expenses due to increased electricity unit prices, and fees and taxes and dues incurred in connection with the purchase of previously leased land and buildings, among other factors.」
The increase in utility costs due to higher electricity unit prices actually occurred and was reported as a factor behind the decline in retail operating profit for the interim period. - FY2025-H1MaterialisedAnnual report
「Although labor costs increased due to base-pay increases and other factors, and utility expenses increased because of higher electricity unit prices,」
An increase in utility costs due to higher electricity unit prices actually occurred and was reported as a burden on store operating costs. - FY2024MitigatedAnnual report
「This was mainly attributable to a 0.6 percentage-point improvement in the expense ratio, as utility costs declined due to measures to reduce electricity consumption, lower electricity rates under the government's measures to mitigate sharp price increases, and other factors.」
Despite continued pressure from rising energy prices, utility costs decreased as a result of measures to reduce electricity consumption and lower electricity unit prices, improving the expense ratio by 0.6 percentage points. - FY2024-Q3MitigatedAnnual report
「This was mainly attributable to a 0.9 percentage-point improvement in the expense ratio, as utility costs declined due to measures to reduce electricity consumption, lower electricity rates under the government's measures to mitigate sharp price increases, and other factors.」
The company states that utility costs declined through measures to reduce electricity consumption and the government's measures to mitigate sharp price increases, with the improvement in the expense ratio continuing. - FY2024-Q2MitigatedAnnual report
「This was mainly attributable to a 1.0 percentage-point improvement in the expense ratio. Although labor costs increased due to base-pay increases and other factors, productivity improved through process reform, while utility costs declined as a result of measures to reduce electricity consumption, lower electricity rates under the government's measures to mitigate sharp price increases, and other factors, in addition to higher gross profit accompanying increased sales.」
The company states that utility costs declined through process reform, measures to reduce electricity consumption, and the government's measures to mitigate sharp price increases, improving the expense ratio by 1.0 percentage points. - FY2023WorsenedAnnual report
「Operating income was ¥1,889 million, down 0.1% from the previous fiscal year. This was mainly attributable to a sharp 41.8% year-on-year increase in utility costs due to higher energy costs.」
The company states that higher energy costs increased annual utility costs by 41.8% from the previous fiscal year and contributed to the decline in retail operating income. - FY2023-Q3RestatedAnnual report
「Higher Store Operating Costs Due to a Significant Increase in Energy Prices, Including Utility Costs」
The company continues to cite higher store operating costs due to a significant increase in energy prices as a factor contributing to the challenging operating environment. - FY2023-Q2WorsenedAnnual report
「The operating environment remains challenging, including higher store operating costs due to a significant increase in energy prices, such as utility costs.」
The company states that higher store operating costs due to rising energy prices continued, with utility costs in the retail business increasing sharply to approximately 142% of the prior-year level, resulting in a 4.6% year-on-year decline in retail operating income. - FY2023-Q1First statedAnnual report
「The operating environment remains challenging, including higher store operating costs due to rising energy prices, such as utility costs. Operating income was ¥454 million, down 2.3% year on year. This was mainly attributable to a 5.8% increase in selling, general and administrative expenses, including higher utility costs such as electricity charges resulting from rising energy costs.」
The company identified higher store operating costs due to rising energy prices as a retail industry risk for the first time, stating that higher utility costs, including electricity charges, in fact contributed to a 5.8% increase in SG&A expenses and a decline in operating income.